tv Markets Now FOX Business January 9, 2014 1:00pm-3:01pm EST
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about what this means for the governor's chances of a presidential run in 2016. adam: if there's one thing we learned from recent scandals it is that your messages are not safe. the co-founders of a new apps being snapped that for the corner office on find embedded encoded text messages. lori: jordan belfort is in the cross hairs of the justice department this time over repaving victims of the penny-stock scam. adam: charlie gasparino's interview with the man who prosecuted him. and in the the real life wolf of wall street. lori: let's get an update on the market. fox in the red ahead of tomorrow's all-important jobs report. let head back to the floor, check in with nicole petallides. nicole: just happened to glance up because you have the back-and-forth action that has
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been the trend of the new year. the s&p 500 fractionally in the green, the nasdaq which did hit a record earlier today is now in the red by 0.1%. the are plenty of names in new highs but the big picture in a wait and see mode as the vix fear index, tomorrow is the monthly jobs report, jobless claims today, adp report yesterday on the private sector was good news but tomorrow will be very telling. here is a look at the airline stocks which are soaring today, deutsche bank liking the overall and their merger plans they put in place will come to fruition in 2014 and the names that appear on this, southwest airlines, american airlines all hitting 52 week highs. lori: thank you. adam: chris christie firing his deputy chief of staff after news
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his aides may have caused that massive traffic jam as part of a political revenge scheme. rich edson joins us from washington d.c. and the ramifications of all this. >> he dedicated the majority of his two hours to fielding questions and his deputy chief of staff showed abject stupidity, he fired her and asked his former campaign manager to withdraw from the state republican chairmanship and the republican governors association. e-mails and texts indicate their involvement and callous indifference. inclosing lanes of the george washington bridge and creating a traffic jam. chris christie says he had no knowledge of the scheme to close the bridge. >> i feel passionately about issues and i don't hide my emotions from people. i'm not a focus group tested
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candidate for governor. this always made some people uneasy. some people like that style, some people don't. i always said you asked me a question are you willing to change your style in order to appeal to a broader audience and i think i said no because i am who i am but i am not believe. adam: democrats have been criticizing him and will continue to do is a saying he is either lying or has created a corrupt culture in his administration. republicans a chris christie apologize, acted quickly, as fired those responsible and don't of his mistakes unlike president obama in the wake of the messy rollout of his health-care law. chris christie is heading to new jersey where the george washington bridge enters new jersey, he wants to apologize to the mayor and citizens, there are reports the mayor doesn't want to meet with him since the time isn't right for that. the u.s. attorney's office in
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new jersey says it is investigating as is the state house panel. adam: not last we will hear from this. lori: halt all of this will affect chris christie's political future let's bring in howard kurtz from fox news, thank you for joining us. wonderful to see you. chris christie apologizes, says it was all his responsibility but then pushes the blame squarely upon his staff. do you think he was effective or does the scandals will from here? >> he was effective in the first hour of the news conference, the second hour not so much, his new strategy is to exhaust the press corps. a lot of people say it is a local jersey scandal, bridge, traffic, who will care in 2016 and there have been premature obituaries written about his volubility as a presidential candidate but this is serious stuff because of the callous as the governor put it, the callous nature of his top aides, people
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he knew were part of his inner circle, deliberately creating this huge multi date traffic jam in new jersey, apparently for political payback reasons. lori: if you compare it to a sex scandal you are judging the character of someone like anthony wiener or elliot spitzer using taxpayer dollars in question with each of those situations, seeking political revenge, summary quarters, gets things done. where do you come down on all of this? >> there is a line between being a tough guy and in the national stage, a brash tough-talking, and the reason this scandal resonates so loudly, at those so loudly beyond the borders of the garden state is because chris christie has a history in trenton, local reporters know
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this very well loved playing the game very hard and it is kind of hard, that this didn't happen yesterday. it happened in september. chris christie has mocked the press corps for making too much of it, chris christie didn't know about this, was totally blind sided, and the newspaper reported on those e-mails showing how much fun is aides were having in creating this traffic chaos so this is a problem that goes to the heart of his political identity. lori: what about other christie's supporters to compare this to weigh the obama administration is handling benghazi, and no one has been held accountable in the president's administration in the four american deaths in benghazi? is that a fair comparison? >> the two stories are so very different it is glib to say chris christie did this, barack obama should do this, no
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question the administration mishandled and left the embassy conflict in benghazi dangerously and prepared. this seemed to be a local story about traffic and bridges and patronage politics of somebody in new jersey long time ago that is the culture in new jersey, chris christie had a tough passed today and kept saying he was sad, he was humiliated, he ate crow in a way we rarely see from this governor. lori: he is not a blow dried candidate or governor, you mentioned the presidential primary what his next steps after today? we know he is headed to the talent to apologize in person but will he continue to take this on squarely or will he diminish it? to buffer and give himself some more distance? >> it depends what else comes out. if nothing else emerges to contradict chris christie's repeated and vehement denials that he knew this was being done for political reasons, probably fade away. we have two years until the iowa
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caucus but the eggs thrown and the bus were to tell the difference for your testimony of 2 journalists or in some other forum the governor could have a further problem. lori: it is great to talk to you. adam: chris christie main not even be in trouble with his deputy chief of staff had used our next guest's apps which encrypt messages. if they had done that we wouldn't know about the scandal. a co-founders, thank you for joining us. what you have got essentials the is away to protect the message, absolutely secret, the snap chat. very simply if you where to send howard a text through the application which went why yesterday no one can read it because each word is encrypted and we have video which shows this summer that he is reading the message, has to be on a new device that you can interface
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with your finger and the glass. is only decode is the word one word at a time and could immediately. >> exactly right. a few things are going on, an end to end encryption in the application which means quite simply when i send a message to the only person who can decrypt that message is the recipient and the recipient's phone. wanted is the group on the recipient's phone we have the pond where use white your finger which only reveals 20 to 25 characters at a time which is fun and tactile but importantly prevent screen shots which is an important thing for the professional audience. adam: i have to have the apps and the recipient has to have the apps. only two people with the apps can communicate. you can send one of these to someone who doesn't have the apps. that is the basic rule to download on your iphone. you can't take a snap picture of
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it. if i were to attempt to do that, i violate the rule and try to take a picture of the screen what is going to happen? >> two things happen. first we? out of the apps and alert those you end of the offenders that you have attempted to take a screen shot. that is the first level of protection and the second level is the -- adam: who will need this protection? >> you will see professionals. we made this out for ourselves. the funny thing is john and i came up with the idea when he was an executive at a o l, we were calling him about an employee that used to work for him, give me a phone call, let's not do this in e-mail etiquette six days to connect to. that is inefficient and there was a gap in digital communications, fundamentally failing at being able to enable people to near in person
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conversations digitally. adam: the nsa going to different offerings, you don't even say the messages on your server. once it leaves it is gone. nothing traces except the phone. >> we didn't even talk about that. after you read the message it disappears. it is wife of the phone and is gone from our servers so we have a level of encryption but also disappearing messages. lou: who will use it? >> we designed this for professionals and business people and there are a couple categories particularly relevant for the tech community ought and down the stack from d.c.s to the operators and we have shown it to a couple and one of the examples is is this entrepreneur backable? what do you think of this valuation? these are things we would be comfortable talking about, we don't want to put on a permanent digital record. ashley: how will you make money?
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this is a free apps. >> down a road we think there are a couple interesting opportunities, we are intrigued by premium, additional products and services we can charge a subsegment of the power users for those features not unlike linkedin. ashley: i referred to chris christie but had there not been a record we would not be able to hold this official being fired accountable. isn't that reason not to have these. >> using it in accordance with all other laws ethically, you are not going to do that and we don't want you to use our service and it violates terms of service. ashley: is it going to the devices in the future? >> apple iphone in the apps store today. as of yesterday working on android and we will have that out in short order. >> all the best to you and i love the idea of you take a
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picture of it and the bills the law and you can't do it anymore. break a leg, of to have you back when this takes off. thank you, now the crowded skies, the second space flight this week from virginia. cold temperatures on the east coast making things up mess. lori: dismal standout in a holiday season, the analysts call trading action. ashley: the wolf of wall street trying to make good after all those years of being a scanner. still ahead charlie gasparino talks with the prosecutor who hunted jordan belfort. [ chilen yelling ]
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pounds of supplies and science experiments including an and farm to the crew members. the launch from va's coast was delayed from yesterday because freezing temperatures this weekend there was a solar flare and they were concerned about irradiation related to that. there is a look at shares of orbital sciences, it is publicly traded up $0.35 with shares in a multi-year i, $24.15 ahead of the launch you just saw. adam: nicole petallides looking at today's major winners. nicole: looking at macy's, that umbrella would be bloomingdale's and macy's gave an outlook for 2014, they came out with a numbers of 7.5%, hitting an all-time high, 5612 and if we watch macy's to talk about the fact they are announcing layoffs, 2500 physician they will be adding as well, cutting costs and as a result of good
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numbers they are managing strong holiday sales giving up the outlook for 2014. lori: avalanche samsung going to court over smart fund and sleazy e os of both companies attended session. and according to a court filings. avalanche samsung have gone to trial over patents twice and juries have awarded apple $930 million. adam: intercept pharmaceuticals, a positive study on its liver disease drug. analysis by independent safety committee found the drug is showing and this is a quote, highly statistically significant improvement compared with a placebo. >> $208. adam: all excited about the
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rocket launched. even mr. noel needs help. ibm's billion dollar investment in super computer watson. lori: jordan belfort noon all until the fed's caught on. charlie gasparino talks to the man who prosecuted the penny-stock scam. adam: ready to break out of the office grind? a sabbatical could be the ticket for a workplace from a man who gives his employees, gave the entire company a year's break. see if he can stay in business. so ally bank really has no hidden fees on savings accounts?
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that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. but with less energy, moodiness, and a low sex drive, i had to do something. but with less energy, moodiness, i saw my doctor.rive, a blood test showed it was w testosterone, not age. we talked about axiron the only underarm low t treatment that can store t levels to norm in about two weeks in most men. axiron is not for use in women or anyone younger an 18 or men with prostate or bret cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of por increased acneor in women may occur.air
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report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlaed or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrh, vomiting, and increase in psa. ask your doctor about axiron.
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>> 23 minutes past the hour, this is your fox news minute. violence raging, suicide bomber killing 23 iraqi army recruits in the capital city of baghdad today, 36 others wounded as al qaeda militants continue their assault on the embattled nation. last week the terrorist organization seized control of the iraqi cities of volusia and from not. coast guard assets stalling the post office in virginia beach trying to locate a missing navy crewmen who went down yesterday's deadly helicopter crashed in the atlantic leading to two other crewmembers dead.
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the accident falling another did the chopper crashed and killed four u.s. apps in the u.k.. how about this? a wholly hitchhiker getting a lift on none other than the pope. pope francis pick up a priest he spotted in st. peter's square. a small world because he recognized it was reverend fabian baez because both of them had served in the archdiocese of blood as theirs. back to adam and lori. lou: thank you very much. thank you very much. also making news ibm betting big on watson. the tech giant is investing $1 billion to give the what some cloud computing system its own business division and a new office in man and. law watson team will extend from 27 employees to are you ready for this? 2,000. $1 billion, $100 million will go toward investing in start ups
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that will build applications to be run through watson. lori: make money with charles payne, time to gain with your taxes from h&r block. a timely choice or is there a fundamental reason to get in on this? charles: that watson thing finally beat ken jennings and got a promotion. h&r block hasn't been executing, that bothers me. normally wouldn't go beneath the surface but there are issues with the australian unit. the business looks like it has done very well. the u.s. is up 21%, it is a prepaid card, peace of mind and other things, all around the board, they will push back against this troubled tax thing which is taking market share and an online component and software component using strength so this will be a year where demand is great for anyone but they will
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be back the challenges better than in previous years. adam: i have for fun and the computer stuff ended usually about the same. this is see if i could. charles: if you go to the site they have all these options like the online auction and the software option, feels like they have a brand new interface so feels like a user experience is going to be better so if someone really felt -- not everyone has got what it takes no matter how simple it is to go strictly to a box of software or have it over night and get this done. this will help them but it will be back on the other aspects of this and the stock has been acting very well ended the very least we could see this go up
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20% from here. maybe it will help you paid taxes. $16 trillion woman, and janet yellen's first interview, the incoming fed chair on what she calls and this is a quote, a frustratingly slow economic recovery. lori: stopping the world in its tracks, the man who put jordan belfort is up with charlie gasparino. joe:n if the movie will pay back its victims.
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over the next four years alcoa will be paying some dough out. paying out $384 million to settle some bribery charges. meantime we're here at the post because it will be kicking off earnings season. right now we're looking alcoa down 1.6%. the aluminum maker traditional kickoff to earnings season overall. over the last 5weeks it has been a good performer. the aluminum-maker is up about 20%. certainly earnings season is getting underway we'll watch alcoa and some others. back to you. adam: nicole, thank you. as reminder we can't say enough how alcoa's earnings and all the action four p.m. today on fox business. stay tuned. lori: breaking news. kansas city federal reserve president esther george speaking out. peter barnes with details what she is saying. peteer? >> lori, esther george is a inflation hawk who opposes
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quantitative easing. 2 1/2% to the 3%.ts growth this the growth outlook for 2014 may be among the strongest since the end of the recession. she rotated off the fed's policy setting body, fomc voting member. at the fomc she dissented on qe bond purchases until the taper announcement last month but she remains concerned about the potential cost and consequences of these, quote, untested policies. we also have comments from incoming fed chair janet yellen and they're on the dovish side. in an interview with "time" magazine out today, she says, quote. the job isn't just about fighting inflation or monitoring the financial system. it is about trying to help ordinary households get back on their feet and creating a labor market where people can feel secure and work and get ahead. she says she anticipates inflation will move back to the fed's 2% target but on the economy she sounds like esther george sayings quote, i think we'll see stronger growth this year.
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most of my colleagues on the fed's policy-making committee and i are hopeful that the first digit of gdp growth could be three, rather than two. lori and adam. lori: all right. peter barnes, thanks so much for that. adam: two, he calls himself "the wolf of wall street", jordan bell for the. he gain ad lot more fame because of the movie which showcases his life and how he stole millions of dollars from thousands of innocent people. charlie gasparino is here now with exclusive interview with joel cohen, former prosecutor of bell for the. , and outrage just amount of money belfort paid back his victims. >> we crossed paths in the 1990s when you were prosecuting this stuff the did they talk to you all about this movie how to portray him well? did they ever deal with you once in this if. >> no, never. >> you're in the movie. >> some gray haired, older guy
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supposed to be me. >> not you. >> not me. >> comes in at the end? >> very end, yeah. >> so you did see the movie. i have not seen the movie. i'm boycotting at least not pay exorbitant fee right now, wait to come on dvd. one reason why i knew these guys i knew lot of reporting on jordan belfort around danny at pump and dump scream and screwed over old ladies in queens. did stuff from steve madden while i was at "the wall street journal." these guys were incredible lowlifes. about as low as you can get. they would steal a dime out after cash register if they could. i found that you know, i thought that was, to make a movie about these guys, may not be bad movie but one of the problems i had from the reviews there is no redeemable aspect, for example, goodfellas, scorsese other good film, you understood the mob it
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was interesting but saw a downside of the mob s that in this movie. >> i have seen it. i also read jordan belfort's two weeks books. i did not see that there. obviously a lot of bad things happened and at the end belfort doesn't end up so well-being arrested by us and cooperating and going to jail. by and large i thought it was glorification. first of all anybody depicted by leonardo dicaprio will look good. >> right. adam: no way to avoid that. >> of course. was jordan belfort a fun guy to be with if. >> i'm sure for somebody he was. he is charming. he is charming in the way, 10-foot distance with your wallet safely ensconced in the back pocket he is charming. >> of course. what is interesting also, i thought that they didn't really show the victims in this movie. you probably dealt with a lot of victims. what were they like? >> the victims varied but there were, what was amazing about there were many of them who for reasons i will never understand turned over large percentages of their life savings to these
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guys. they really thought that they were going to make this killing with strat10:00 month. people wiped out. >> they stole the money. what they would do, put money in phony stocks. they weren't really stocks. insiders were buy it at a low price. insiders were jordan belfort, steve madden, the shoe magnet all his buddies. drove it up and sold at higher price. company is not worth anything. in the end company would go bankrupt and dumb money that drove up the price were holding the bag. these were doctors, housewives, just average people that got screwed here. >> correct. >> did we see any of that in the movie? >> none of it. what i heard that scorsese and terrence winter, the screenwriter, they claimed they put the audience in shoes of victim. like you're the victim. i got to tell you i watched the movie. i dealt with victims it. i didn't feel that way. >> how would you feel as victim
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snorting cocaine off some woman's derriere, one of the wonderful scenes. put him in jail for two years? >> four years. jordan did less time because he had drug problems. he went to drug treatment program. that shortens amount of time. >> some say the prosecution dropped ball, only 2 years in jail and $100 million restitution. do you think you have gotten more out of him. >> i didn't sentence him. the judge sentenced him. you need to realize we made a decision to use belfort and porsche as cooperating witnesses. they made cases against dozens and dozens of high level people. so it was worth it. >> $100 million is the rest tuesday. we talked to your old boss, eastern district of new york, u.s. attorney, which prosecuted him because he was located, lake success is long island that is the eastern district. >> right. >> they're saying he still owes a lot of money. they're throwing cold water on his claims. he put out a facebook claim he will use all the proceeds to repay that. they're throwing cold water. they're saying what are you
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talking about? he wants to get out of this restitution agreement. is that accurate? >> well, i'm not involved in that directly but i've read the docket sheet, the record what is going on in court, it does seem that is what is happening. belfort is sending two messages of the saying to some people of course i want to pay back all the money. he knows he can't generate close to 110 million he owes. i understand he is operating out of australia and making lots of money through other businesses. i have no idea whether, how he will really pay that back. >> now is this the interesting thing. is he evading law here? he is owes $100 million and lives a pretty nice life i read? is he circumventing $100 million restitution. >> i don't know if he is circumventing law. he is finding a loophole and no longer under supervision of the court but my office is vigorously chasing whatever assets they can get from him. they're chasing down red granite, company that produced film. not that they did anything wrong but chasing down money paying to him to get 50% of it back. >> from a moral standpoint, we
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all like to talk about capitalism, free market. we're allowed to do movies, not comment on that obviously but from a moral standpoint, was this worthwhile endeavor for martin scorsese? >> for me it wasn't. one has to be fair. i tried to be fair what i heard. he and terrence winter trying to predict. what put over the top at end, made the decision not to show victims. okay, fine of the go with that for a moment. then in the very last scene they put the dicaprio character playing belfort, introduced to a crowd, by the real belfort and behind them is placard with name of real belfort's current marketing company no so theists advertised for his new, whatever venture he is doing, motivational speaker from what i understand? >> yeah. i can't think of any reason why they needed to do that. >> we'll leave it there. thank you, joel. always enlightening, good job bringing him down. >> thank you. lori: charlie, thank you. adam: imagine spending a decade building a company and then shutting it down for an entire
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year? straight ahead, we'll introduce you to the one person who put his entire staff on sabbatical. lori: taking that burrito to go if we're not talking about a drive-through either. this is a vending machine already has fans raving. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. 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.
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>> i'm dennis kneale with your fox business brief. jpmorgan chase is announcing plans to wind down prepaid card for government businesses an benefit programs. after the bark warned 465,000 cardholders in december their personal data may have been hacked. mortgage rates have leveled off. freddie mac says the average rate for 30-year fixed mortgage fell to 5.41%, down from 4.53 the previous week. average 15 year fixed up slightly, 3.56. number of americans filing for first time jobless benefits fell by 15,000 last week. 330,000 total, better than expected. government's big december jobs report out tomorrow morning. that is the latest from fox business, giving you the power to prosper.
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adam: going on sabbatical is typically reserved for a lucky academic but did you know that there are actually major u.s. companies which offer the opportunity to take sabbatical as well? american express, general mills, intel, mcdonald's, they all offer at least eight weeks worth of sabbatical. our next guest took it one step further. he put his entire company on a one-year sabbatical. global tolerance founder simon cohen joins us now from london. thank you for joining us. you wrote about why you did this. you said suddenly the relentless pursuit of revenue, profit, impact at expense of personal health, well-being and relationships seemed to be a crazy approach. people think essentially closing your business for a year is crazy too. why not? >> well, thank you for having me first of all and while i just heard this news about the amazing growth prospects, the way i see it is important to think about growth in different
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ways, not just in economic terms. after 10 years of working so hard, not just me, but all of my colleagues in the company, we just realized it wasn't really a sustainable approach. our health and well-being weren't growing. and so i think reason thinking about growth in such a limiting and limited way, which is just in terms of revenue and profit, how could we think about it differently? so it did seem after a while that just, having extra decimal point here or extra bit of percentage point there in profits did seem a crazy approach when those at home were suffering. adam: but i want to ask you, how do you pay the bills? you essentially have no revenue coming in for a year. your employees this year could wind up going to other places. the other part is, while the company is on sabbatical, they're still working. they're not actually getting sabbatical, are they? you're not paying them during this. >> sure. so the whole company is not operating. it's clean break for a year.
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i have alas got no offshore swiss bank account to pay the business. so i'm doing one or two days a week private consultancy. beyond that i'm writing a book on being a stay-at-home dad for my new baby girl. high, sara. she is eight months old. i don't think she can quite understand daddy yet. as for the employees, well, they're doing different things. a lot of them are following their own private passions and hobbies, things they wouldn't necessarily be able to working five days a week at the company. and some rather than thinking about how clients can be taken, we turn conventional wisdom on head, we actually work with clients and employees over six months proceeding with the sabbatical work out a way which employees could set up as freelancers and learn leadership skills that come with running their own companies. and suddenly one or two of them are working one or two days a week earning more than they ever
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did full time at global tolerance and understanding what it means to have some of the pressure that comes with running your own company and growing personally as well as professionally. adam: just to wrap up, give me a final statement as to why someone who is watching might want to consider doing this? again i think it is not as if you're taking a year off. those people are still working. >> well, they're working in completely different ways and none of them are working five days a week and, in the same way. for me taking a sabbatical isn't just a luxury, it's a necessity in light of 21st century working. only really when we take a step back, this has been my experience. i didn't know how stressed i was. like going on a two-week vacation. only when you really removed yourself from the situation you realize the, there is a different way of doing things. i think that it is a, it's a birth pool of innovation, of creativity. it allows you to really go on
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the personal journey. that is my experience. has been greatest year of growth in my life so far. adam: you're a big believer in sabbatical. we have openings here in new york at fox business should you be coming across the atlantic anytime soon. we would love to see you in management. take care. >> thank you. lori: looking for more vaca, are he? adam: absolutely. lori: stocks in the red. let's look at action what is driving it from the new york stock exchange where we're please to welcome back mark newton from gray wolf execution partners. i suppose we're in wait and see mode before the government jobs report is released tomorrow morning? >> that's right. busy earnings week kicking off with alcoa. tomorrow's jobs report will be orally anticipated. we're seeing weakness in retailing but emerging markets which caused a little bit of a pull back but not really much. you can't make much until the s&p gets below 1800. people feel comfortable with the fed knowing tapering will occur
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at measured pace and very cautiously. so there is really no dislocation in the market whatsoever. interest rates have been climbing up gradually and but hasn't caused much of a problem? lori: is the market comfortable weester george the taper speaking. taper is modest step. >> i can't hear you, i'm sorry. lori: esther george, noted hawk, at that taper is a modest step. market is comfortable with that. >> i still didn't hear it. lori: i think we have problem with the connection. i don't they had he wanted to answer the question. adam: sometimes the ifb gets dropped down there, get as little noisy. faster than going to taco bell or chipolte, one company changing way you get your next burr rote tee. lori: i'm on the fence. you might want velveeta with that. are concerns about a shortage overblown? jeff flock combing shelves for a different kind of yellow gold. ♪ capitato make it happen? that makes it real?
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and the financing to make it grow? what's a vision without the expertise 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. 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 magicomt 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.
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lori: hands down best story of the day. some are calling it a "cheesepocalypse" or the great national meltdown. our fear and chaos of a velveeta shortage gripping this nation? we need to dip during our football playoffs of course so we sent our jeff flock shopping, jeff, did you get us bricks or what? >> i have combed every store in chicago. well maybe not every store but we've been everywhere. i found velveeta everywhere. i think it is a bunch of baloney. but i'm told farmers pride may or may not have it. in we go. i have not been inside the store yet. bob has with the camera.
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typically either in the dairy case over here. and i see velveeta shredded. and i see velveeta slices. i don't see the big bricks. i'm told it may be in one other location. so we'll head back there. you can see what some people on twitter are saying about this, lori. of look at ryan a tweeter says, i'm pretty damn sure this is a publicity stunt to drive up q1 sales. where am i looking here, guys? where should i be looking? right there? this is the shelf. this is the shelf. got annie's macaroni and cheese but i do not have velveeta. i have velveeta shelves, this is the first store in chicago that i found without velveeta. lori. lori: point made. >> i do, brought one with me. brought one with me, if you need some. lori: what is shelf life after typical brick of velveeta?
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adam: a thousand years? lori: a thousand years adam suggests? no how old are you? lori: no comment. >> how old you are, it would be fine. lori: i'm 20. >> could be. lori: jeff flock, thanks for that. adam: 2% milk. you wonder what the other 98% is. speaking of melted cheese, a mobile gas station in west hollywood introduced the world's first burrito vending machine. it's a burrito vending machine, you heard me correctly. as opposed to going to 7-eleven and grabbing it out of the freezer and microwaving it. it works like any other vending machine. customers choose from six different burritos, pay with a credit card. the company that makes the machine boasts all the burrito are made with hormone and antibiotic free ingredients. they currently plan to add another key of course in l.a. defeats the purpose. you want a burrito full of stuff that is not good for you. that is why you eat it.
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they taste good. lori: baja fresh, they have fresh antibiotic -- adam: since you're in 20s, two a.m. after a night out, nothing better than a 7-eleven frozen burrito in the microwave. lori: even when i was 20, i would never -- now we're talking. chris christie's traffic jam, will the new jersey governor overcome taint from "bridgegate" to raise money for president? tweet us and your response. this quickly developing scandal, that was a very long press conference. two hours, nearly a record-breaker. tracy byrnes, ashley we can sister wrap it up for you next hour. stay with us. [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even morpressive is how he puts it to work for his clients. ♪ morning.
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[ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before, america's electricity is generated by it. exnmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives... while reducing emissions by up to 60%. energy lives here ♪ ashley: good afternoon, and welcome back. i'm ashley webster. tracy: and i'm tracy byrnes. so it is all about chris christie's traffic jam. >> i am embarrassed and humiliated by the conduct of some of the people on my team.
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tracy: so will the, my new jersey governor be able to overcome the taint from "bridgegate" and raise money he needs to run for president? tweet us your responses. we have our expert and full coverage on this quickly-developing scandal in moments. ashley: meantime the nsa scandal. president obama finally expected to call for changes to the phone-spying program. judge andrew napolitano will join us with his take and whether the president will go far enough to get to the bottom of it you all. tracy: tequila, we have the president of bean here, on why the company is teaming up with the former bad boy, singer, i don't know, he just won three people's choice awards. people seem to like him. ashley: he is talented. from tequila to pot, colorado marijuana buyers are saying charge it before lighting up. liz macdonald investigate whether they are breaking the law by using credit cards to buy the dubious doob by.
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tracy: good one. ashley: straight ahead in this smokin' hour of markets now. tracy: i like that. ashley: how many times will we do that? top of the hour. time for stocks. let's get straight to nicole petallides on the floor of the new york stock exchange as we do every 15 minutes. moving slightly lower. >> that is the trend. terned off traders on wall street that want to see clear market direction. we had back and forth action. the dow every single trading day from the 2nd of january through today is seeing back and forth action. the s&p 500 is trended lower over the last six sexes. majority of the sessions has been down. here is one-week chart. we're waiting on earnings as season kicking off with alcoa today. we've gotten in a lost job numbers. challenger talks about fewer layoffs. tomorrow the monthly numbers. so the jobs picture seems to be improving for the most part but tomorrow's numbers will really
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tell the real picture. back to you. ashley: all right, nicole, thank you. tracy: so governor christie getting skewered in the press over what everyone is calling "bridgegate." smoking gun emails showing his top aide plotted jam traffic on the george washington bridge, and i sat in that traffic coincidentally. the nation's busiest bridge. i think it is the world's busiest bridge. ashley: it is. tracy: as revenge against a politician who refused to back christie for governor. christie held a hour-long news conference this morning and he said he was sorry. >> i come out here today to apologize to the people of new jersey. i apologize to the people of fort lee. and i apologize to the members the state legislature. tracy: the big question now is, will he be able to overcome this and be able to get out there and raise money for the presidency? send us your tweets. tell us what you think. greg valliere, potomac political
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research analyst joins us with his take. i got to tell you, i'm a resident and huge fan and i heard this i was bummed because i sat in all that traffic for a really, really long time. >> i don't blame you. i'm not a huge fan. i thought that was one hell of amaya cull pa. i thought he did a great, great job today. ashley: greg. ashley: his persona is one of straight talker. and one could argue. this came up with that type of atmosphere in his office could helped that something like this could happen, would you agree? >> there was a climate, wink, wink, nudge, nudge, that encouraged that sort of behavior but i have to take him at his word, that he was blind-sided. that he didn't approve of this he didn't know about it. i would say this though. if there is one additional revelation of something else comes out, i think he is pretty much finished politically. tracy: the interim though, let's presume that he really didn't know, even though quite frankly
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i'll be honest with you, i don't believe that but you can't imagine, but that is my personal opinion, what happens going back to the election? do we again focus back on his weight? >> oh, no. i think you would look at his record, his outreach to hispanics, his ability to get 270 electoral college votes. he does have things going for him. i would say though, in the next few weeks there will be a big focus who could replace him as the republican centrist establishment candidate. could it be jeb bush? could it be paul ryan. a lot of other names i think will be elevated because of trouble he is in. ashley: greg, the gop is pretty split over chris christie. there are those who will never forgive him for hugging president obama in the wake of hurricane sandy. >> right. ashley: there are those who are big fans of his. but i think after today, would you agree that there is no real loss or gain on either side? those who like him still like him and those who don't don't? >> i think he is still alive
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politically. again, assuming there are no further revelations, again i thought he did a very, very good job. but the most compelling case he can make, he more than just about any other republican could get you 270 votes. a lot of the other republicans rand paul, for example, i think most definitely could not get 270 votes. tracy: that brings us back to the state of the republican party, doesn't it? if something does happen or, for whatever reason chris christie is the not republican candidate, the bench is not really very deep. if you put any of the people, potentially out there up, they can't garner those votes. >> well, that's right. i mean maybe jeb bush could. i'm told he would like to run but there are family reasons that probably would preclude him from running. i think paul ryan could unify the right-wing and centrists in the republican party. there are at love other governors in the midwest. kasich, scott walker. i think governors in the midwest will be a big part of this story. ashley: national scale though,
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greg, this is a very regional story. we in this part of the world kind of understand more the impact of this but this is really playing nationally? or just a spat on the local level? >> i think it may stick for a while. in image is a big deal. if his image he is a vindictive bully, that could stick. and you know, there are a lot of other stories, not just the george washington bridge. there was a story in the "new york times" on christmas morning talking about all these other incidents in which he acted very vindictively. so he has an image problem to deal with. tracy: yeah. traffic though, it is killing me. greg valliere, thank you very much for sharing your thoughts. >> you bet. tracy: it was tough for a while. ashley: thankfully i wasn't in it. tracy: but you had to deal with the wrath of me. ashley: yes, that is not to be sneezed at. another scandal now, changes are come together nsa. president obama is expected to announce them before his state of the union address in about
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three weeks from now. fox news's senior judicial analyst, judge andrew napolitano is asking why there is no one being brave enough yet to open what he is calling an unconstitutional can of worms. judge, so good to have you back here. >> nice to be with you guys. ashley: good to have you here. >> here's the can of worms. ashley: i want to hear it. >> senator bernie sanders a socialist, from vermont sent a letter last week to the head of the in. sa, general keith alexander, very simple, straightforward letter, are you now or have you ever been spying on congress? and the answer was, members of congress receive the same constitutional protections as the rest of the country. ashley: we know what those are. >> which is to say none, the nsa doesn't believe it needs a search warrant to spy on anyone and it conceded it spies on everyone. that raise as profound constitutional issue. here's the issue. the nsa works for the president. under the constitution the president and congress are equals. the president can no more spy on members of congress without a
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search warrant issued by a judge based on suspicion about the individual member to be spied upon than the congress could spy on the president. if the president has the upper hand on congress, if nsa agent were to walk into the white house oval office say, mr. president, guess what rand paul and ted cruz are cooking up now because we heard them talk about it at breakfast this morning? that would seriously undermine our democracy. when i say this is can of worms no one wants to tou bemoaning the fact that there is not a congressional investigation of whether the president is spying on congress. and there ought to be. tracy: but why? that i think is a best point in your notes. in the past there would have been hearings. there are not. >> here's why i don't think you will see hearings because the democrats are determined, on the basis of personality and politics to defend the president, even though i disagree with him. the republicans even though the president is in the other party actually agree with him about
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the spying. many no know the spying started under president george w. bush and they don't want to open up that can of worms. here is where this may come up. the nsa has budgetary needs. the next time it needs its budget, its budget by the way is $60 billion, the congress could send them a lot less. in the budget it could say you're not permitted to do this, this and this and might have enough votes to override the veto of president. ashley: 60 billion because they're spying on everyone. that is not cheap. >> we now know, we now know that the nsa spies on congress, courts, the military and cia. it spies on other spies. spies on everybody in the country. spies on half of europe. spies on the pope. if this is not stopped soon a generation will come of age and have no idea what privacy is. ashley: is this unlawful? >> absolutely unlawful and unconstitutional. i concede people have a different view. there are two judge who is ruled on it. one said profoundly unconstitutional.
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called it almost or well i don't know. -- orwellian. one said, no, it is response to 9/11. the supreme court will resolve it. tracy: that is how it will play out in the supreme court. >> either that or the president will get the perception that the public doesn't want it and congress doesn't want it and they will dial it back a bit. but got to be dialed back quite a bit. has to be dialed back to the point where the constitution says, you want to listen to somebody's phone call? get a search warrant about that person. not about half the country. ashley: right. judge napolitano, thank you so much. >> pleasures guys. >> good have you back. >> nice to be with you, traysy. tracy: airlines are taking off. we're live at nyse with reason behind the high-flyers. ashley: from planes to luxury cars, how about a rolls-royce? starting price a meep $200,000. the ceo will be with us on why they keep beating record sales numbers. very nice. tracy: talk about a cheesy story, jeff flock finds some holes in the claims after velveeta cheese shortage.
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tracy: all right. it is this time of day. we have to get a check on the markets. nicole petallides on the floor of the exchange. we go every 15 minutes. nicole, the dow is down 34 points right now but you have big movers in the airlines, right. >> that's right. they are actually going in opposite direction hitting new times, 52-week highs, all-time highs. southwest airlines, continental airlines, delta air lines, up arrows. american up 5%. delta up 3%. much of it on a call from deutsche bank. deutsche bank said airlines will reap benefits of mergers in the industry in the year 2014. also anticipating growth, more global growth and better economic growth. that is good news as well as they expect profits to rise in 2014 and so, just saying basically the best is yet to
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come for the group despite the fact we've had a few storms including hercules and electra that caused cancellations. but big picture here deutsche bank liking the group overall. back to you. tracy: thanks, nicole. recent loy about the jetblue incident, it is going to be fine. ashley: that is fine. it is winter. it gets cold and it snows. tracy: how about that. ashley: time to make money with charles payne. charles, you say main street is still cautious. so is this posing a big threat to the economy and the market? >> it is, guys. dovetailing it off the roundtable we had yesterday with the fed minutes. tracy: yeah. >> the question why does the fed keep doing it? why do they keep putting us at such risk with these gigantic purchases? the answer, somehow i guess they think it will eventually work. but you know, we've heard ben bernanke speak all the time. virtuous cycle they thought they could spark it. it has not sparked. we have all could have pieces of evidence of that today. same-store sales numbers today, absolutely abysmal. overall majority are a miss.
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here are some bigger misses. bed, bath & beyond, comps are significantly lower. they lowered their guidance. street obviously punishing that. pier 1, lowered their member to 5cents from 66 cents. family dollar. dollar stores were winners for a long time. tracy: they were. >> $3.55. street was looking for $3.98. this is guidance, retailers guidance for the rest of the year. after discussion yesterday, the consumer credit numbers comes in. doesn't get a lot of play on wall street. i'm not sure why. it trails so much the november number but the trend is pretty clear. non-revolving credit up big. that is auto loans, which is pretty much, easy, almost anyone can get auto loan and average car is 12 years loan and student loans backed by the federal government. revolving like credit cards, people are not taking the bait. they're just not taking the bait. that number is so small, half a billion dollars in economy, people are spending money and
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spending money they make. spending paycheck and dipping into savings. main street still hasn't bought into the idea we're out of the woods. unless they do, we won't be out of the woods. it's a conundrum. tracy: yesterday actually, they're still, you got d.c. nonsense that keeps you on the sidelines. there is a lot of reasons that retail buyer is still on the sidelines. >> i know. at some point they have to figure it out. they have got to make an inflection point. we get the jobs number tomorrow, adp, 238 how. ashley: yeah. >> if this is whatever a typical postrecession recovery i might yawn at that. these days we break out the pom-poms. we get a similar number tomorrow -- ashley: break out the band. >> there is evidence that the economy is coming back but main street -- ashley: main street is not convinced. >> consumer is not convinced. they're not buying houses. not using credit cards. tracy: they don't feel it, charles. it did not trickle down to main street? >> did not. >> real wages is the big problem. that won't be solved with higher
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minimum wage either. ashley: that's true. >> thank so much. such a rosy conversation i thought we would repeat it again. ashley: still laughing. thank you, charles. tracy: can not believe i'm going to say this but toke now, pay later. i learned what that meant two minutes ago. colorado recreational pot shops allowing customers to use charge cards. emac on why nobody cares they are breaking the law. ashley: in tech minute, how t-mobile may make it worth your while to switch wireless carriers. but first look how the u.s. dollar is moving on this day as the dow is moving slightly lower. as for the major currencies, kind of a mixed bag. euro, pound, moving high every against the dollar. canadian dollar moving lower. japanese yen gaining ground on good ol' greenback. we'll be right back after these messages. [ male announcer ] e new new york is open.
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>> 22 minutes past the hour right now. hi, everybody, i'm jamie colby. this is your fox news minute. navy and coast guard crews now scouring the coach of virginia beach this afternoon. they are trying to locate a missing navy crewman that went down in yesterday's deadly helicopter crash into the atlantic. the crash leaving two other crewmembers dead. that accident follows another
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deadly chopper crash that killed four us air men in the u.k. earlier this week. maybe you haven't heard about dennis rodman apologizing to the family of kenneth bae. he is the american that is still held in north korea. rodman went on a rant during a tv interview with cnn on tuesday suggesting that he might have done something to deserve his 15-year sentence. the former nba star says he had been drinking before that interview. meanwhile the washington redskins have land ad new head coach. former cincinnati bengals offensive coordinator, jay gruden signing a five-year deal with the team. he will replace outgoing head coach, mike shanihan. those are the headlines and they are varied. back to you ashley. to say the least. ashley: potpourri. jamie colby, thank you so much. >> you're so welcome. ashley: paying for legal pot with charge cards is about to get a lot easier in colorado but the question is, is it legal? we have the bottom line with our
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very own elizabeth macdonald. can you charge it, lizzie. >> that is a great question. good to be with you, ashley and tracy. federal law restricting the use of pot makes banks leery of the marijuana market but denver, colorado, has voted to urge the federal government to give marijuana retailers legal access to banks because marijuana is still illegal under federal law, processing money from marijuana sales could put federally insured banks at risk of drug racketeering charges. as a result, most marijuana businesses now in cash-only sales which creates public safety and accountability issues. visa, mastercard, american express forbid using their credit cards to buy pot you but pot shoppers are still using visa and master credit card and for pot sales. visa says in a same to fox business, it is letting local banks make the call here because they quote, are best-suited to make any determination about
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potential illegality, given the fact that the justice department says it will not challenge laws legalizing marijuana so long as the states maintain strict rules. the expectation is that the justice department will have legal guidance for banks regarding pot businesses in the future, as polls by pew and gallup continue to show a clear majority of americans favor realizing pot. ashley: i mean this is just one of those issues that highlights the difference between state law and federal laws. i love the fact, we'll leave it up to the local banks. in other words we're not going to touch this. you decide. if you break the law that is your decision but it's a difficult one for sure. just dealing in cash is not always the best solution, is it? >> that's right, ashley. i do have this justice department memorandum that sources have given me at the credit card companies and they basically are saying, you know what? we are going to back off. we'll let the states handle it on the ground in their own borders. so that is the wave of the future as more states are saying
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you know what? we not only allow the medical use of marijuana but recreational pot as well. ashley: rewriting the rules for sure. elizabeth macdonald. thanks so much. >> sure. tracy: so macy's in the green after handing out pink slips. but is there even more upside to the retailer's stock? we'll find out. ashley: how about pro wrestling 24/7? look at that, trace. you're excited. tracy: yeah, baby. ashley: dennis kneale coming up with details about the wwe's plan internet only pay channels. tracy: john cena all the time. and next, justin timberlake teaming up with one of the largest liquor brand to sell, wait for it, tequila. the dow is down 3points. anywhere. ♪ [ male announcer ] this is the story of the little room
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♪ this magic moment my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. but it looks likeke my wamaybe we shouldy. ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. ek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk
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get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. ashley: 90 minutes until the close. let's look at the heat map, the dow 30, two thirds of the stocks in the red on the day when the dow itself as up 37 points. dupont beating away with a couple laggers, verizon and at&t, this is the battle for your customership, growing with t mobile saying we will give you all sorts of incentives to switch your carrier, verizon and at&t have to get involved in that, those stocks moving lower. nicole petallides at stock exchange, time to throw a parade, looking at macy's. nicole: they're doing well up 7.5%, right over here you can take a look, macy's under its
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umbrella, bloomingdale's, one of the reasons it is so much higher hitting a new hive they have been cutting costs and announce some layoffs, help with the bottom line and gave an upbeat outlook for 2014 holiday sales were good news for them and the job cuts will save the retailer likely $100 million annually so they have been working on focusing the company, the retailer in particular to do very well, mixed bag with retailers today doing so well and that is under pressure, big move yesterday. tracy: one of the most popular liquor companies joining forces with one of the biggest superstars to bring sexy back, to tequila, partner in with justin timberlake to create a new brand of tequila called salsa 901 with the first bottle set to hit chills later this year and show up at j z's
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concert tour. bill, thank you for being with us. before we dive into justin timberlake let's talk big picture spirit. people are buying and drinking, tequila is a small part of the market, isn't it? >> tequila is a growing piece of the market. bourbon is the fastest-growing category which is great for us which is the biggest category but tequila is a strong piece of the market. tracy: there is a lot of tequila out there already so it is important to parrot the superstar in order to actually bring some attention to it? >> we think it is important to pair with a founder. we had very good success where there is some interest from the founder. we did it with bethany franklin skinny girl and we think we can do the same with justin who is the founder of this. rebuild it from scratch, name, case profile, we think that is a big factor, working directly
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with a founder rather than being a celebrity endorsements and area. tracy: your tequila, he added on because it is the tip of the hat to memphis, do you think that is the reason people want to go out and drink it? maybe i will end up lucky like justin timberlake and jennifer beals will be lying next to me when i get home? >> justin has 30 million followers on twitter and tequila is a passion for him. this particular product won double gold at the san francisco international wine and spirits competition. it is a great product and affordable luxury for a lot of people who follow him. tracy: it has to be good too. sean combs is attached to another tequila as well but dan aykroyd try to sell and was terrible so it has still got to be a taste test.
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>> the quality has to be there. that was a piece of why we decided to get involved, we felt he put together an outstanding product. and to succeed in the long run. tracy: about $30. and popping up left and right, would equal all kinds of bourbon. why is there new interest in this? >> bergen is very drinkand evil. when you think of various things people have to choose from bergen is americaneighth, a native spirit of this country, seconded is fairly affordable. you can get some spectacular bourbon at an affordable price. we found people really enjoy it. they can mix it easily and it is the hottest category in the industry which is terrific for us given we have been and makers and basil land lot of other great burdens. tracy: i got to ask is all this
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stuff lined up in the kitchen? when you go for a coffee break be go for a smart break? >> we do have some when we need to do case testing. it is important to make sure the product is ready to go. tracy: that is all part of the job. >> sometimes live with certain things. tracy: god bless your sacrifices. thank you for being with us. ashley: tough job but someone has got to do it. oil closing down $0.67 to finish at $91.66 a barrel. crude touching a 7 month low earlier on in the session, down 9166. it is time for your attack minute. i see your offer and raise you, t mobile now offering customers $650 to switch carriers. t mobile's plans with the $350 early termination credit leaked
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out last month at which point at&t jumped in and put out a counteroffer of $450. t mobile's most recent offer customers must show proof they must trade in there and smart phone depending on the condition and dollar amount will be awarded $650. customers of at&t, sprint and verizon wireless are eligible for the deal. the answer, the question what is ibm investing $1 billion in? supercomputer system watson. it is the focus of a new business unit, 2,000 employees out of new york city will focus on the technology that uses the cloud to power new consumer and the enterprise apps for both businesses and consumers lose strong demand for cognitive computing spurred ibm to develop the unit in the first place. friends a little safer, i believe i am saying it right, a
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new bracelet called june that measures sun exposure. it works with an apps where the user enters personal information, the program notes the user's habits, measures sun exposure and sends a list to help you getting into many skin damaging rays. it will be available in the spring before it gets really hot and retails for $100, could be useful. tracy: how about that? rolling into the new year despite prices that often top $1 million, rolls-royce keeps hitting field records. the new ceo joins us from london next. ashley: poking holes in claims of a cheese shortage. who better than jeff flock in chicago? the signs of ville vienna next with a great bill the debt -- tracy: yes. i always say be the man withhe plan
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but with less energy, moodiness, and a low sex drive, i had to do something. but with less energy, moodiness, i saw my doctor.rive, a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can store t levels to norm in about two weeks in most men. axiron is not for use in women or anyone younger an 18 or men with prostate or bret cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of por increased acneor in women may occur.air report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms,
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decreased sperm count, ankle, feet or body swelling, enlaed or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrh, vomiting, and increase in psa. ask your doctor about axiron. lori: i am lori rothman with your fox business brief. jury selection underway, and the new york times reports a judge will allow into the evidence that martina was expelled from law school in 1999 for altering a transcript of his grade. the number of americans filing for jobless benefits fell by 15,000 last week coming in at
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ashley: forget the recession, rolls-royces is celebrating its 110th anniversary with another sales record for the fourth consecutive year. the luxury automakers in record growth. who is buying and how much does luxury cost these days? joining me is the rolls-royce ceo, four straight years of record sales, thank you for joining us. what do you put the success down to? a new strategy?
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a time-honored one? >> i would say it has contributed very much, we have excellent product on the one side, excellent service levels but of course we are nicely balanced all over the world and i think that is the criteria for success in today's business environment and all that together, including our spoke business contributed at the end of the day to that which i am glad to report on. ashley: you can basically designed anything you want in the vehicle you order down to the type of stitching and the lever. what kind of unusual request do you get? >> we get lots of requests because every car is very unique and the to customers, individual needs and fingerprints even, i would say. it starts with a headline, even with your own birth
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constellation. we have jewelry boxes, saved boxes, different color combinations, marquetry, embroidery. i could talk for hours on that. rest assured, customers's imagination is hour limit. that is what we always say and that is our credo. we strive for perfection. ashley: who are your biggest customers when you talk regions of the world? i hazard a guess the middle east is one of the top-selling areas for you. >> top-selling areas for us, the united states, a big seller for our success together with china, and you are right, our third pillar is the middle east market which also saw excellent growth over the last year. ashley: some analysts say your sales are not as impressive, jumped 19% last year but you could make the argument that rolls-royce is in a different category and compare the two.
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i imagine your customers -- concerned about being exclusive with volume. right? >> i couldn't express that better. we are operating in different price segments. it is as if you compare apples with pears and for that reason it is good where all the brands are and we are happy to be in the superhy an end luxury segment and one current area for us in our customers is to be rare and stay exclusive entry model is a rolls-royce ghost in the u.s. market. ashley: why not? do we have any new models on the horizon? what about a sport utility
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vehicle? >> the rolls-royce, first time in history, release of driving, with excellent reception in the market, i am pleased at that extension of the motor range. coming to that car you were just mentioning an interesting segment for us, the segment of sports utilities in itself. the question is how would a rolls royce look like? would it fit with the brand? what concept do we need to deliver to really claim that this is an authentic rolls-royce? that takes time and we will take that time so we are looking to evaluate that and get a better understanding with our designers how could such a car look alike? ashley: we will be interested what you think it looks like. thank you so much for joining us. we appreciate it, thank you. >> thanks, guys. tracy: maybe they will do a
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minivan. ashley: you want to go roughing it in a rolls royce suv, carry you up and down the hill. is cabled about to get body slammed by progress in? the w w e is launching a new network sidestepping cable to set up on the internet. dennis kneale joins us with no holds barred. dennis: all those fake sleeper hold usually available only on your local cable system but now the w w e network launches february 24th offering pay-per-view events and original shows an old matches, it will cost subscribers can dollars a month, 6 months minimum and fans of all after will watch the floods and stunt everywhere. on google land would devices and ipads and amazon kindle and the sony play station, microsoft x box but not on cable. the wrestlers are borrowing a
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page from the cable guys themselves, once they are ignoring. hbo go, let hbo subscribers watch anywhere, discovery channel wanted a service like that, netflix lets you watch on smart phones, tablets, video game cancels, disney's espn, those about to the cable guide, delivered by a local cable network. in fact the new web site will even live stream all 12 pay-per-view match is already set for cable this year including the aptly named wrestlemania and direct competition with cable systems that carry the same pay-per-view match is. the w w e has to share the gate with cable operators whereas with the new online network and will teach the upside for itself. imagine if other providers set up online networks without going through cable what that might do to cable profits. the new w w e network is the first big-name web only to bypass cable entirely in won't be the last and -- ashley: w w e carries a huge audience.
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is substantial. it was the top sports pay-per-view on -- dennis: real sleeper hold and figures, that cuts into it but that is why they went into storytelling. the question is do you want to see an old man called up on demand, the storytelling angle and back of the title of the drama of a different character? i don't know. you would watch an old u.s. c match because the fighting is real. tracy: what is that the the show about the wrestler? there are people watching this stuff from different angles. dennis: it is immensely popular and stayed so for a long time. ashley: we will see who follows suit goes the same way. tracy: nascar is next. claims of the cheese shortage. do better than jeff flock surveying stores in chicago
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looking for signs of velveeta. ashley: today's winners and losers as we go to the break. we will be right back. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ where does the united states get most of its energy?
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years, shares up on the news as you can see a 2-1/4% to 1590 per share. tracy: we have been calling it cheese apocalypse, the fear of a velveeta shortage before the super bowl lots and lots of games this weekend, jeff flock out investigating. award winning investigative journalist that he is, jeff flock. what did you find? jeff: this is what i dreamed of when i was a young man. this is exactly what i dreamed of, blowing holes in the cheese apocalypse. we have been coming chicago looking in various and sundry grocery stores and found more velveeta than anyone could possibly have ever wanted. i am going down the aisle where i am told it is and this is happy food and we will see if they are at the. is right down here, there you go. supposed to be a shortage.
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velveeta, one pound brick, 2% milk, and that is the two calendar, they get more than you can shake a stick at. look at what the velveeta or kraft spokesman said about this. we gobble suspicious. craft is probably the biggest cheese co. in the free world. how could they run short of velveeta? the spokesman said it is possible there could be some shortages but we are not really hearing anything. they broke this story and everyone jumped because we love to use words like cheese apocalypse, someone said chee a cheeseagedd cheeseageddon, a giant mill down. we love these stories except when they are not completely true. take a look at what one of the commanders on the story had to say, a little bit suspicious. a lot of people getting suspicious, giant marketing
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ploy, one said if it is a giant marketing ploy it is brilliant. i don't know if it was. we don't want to impute any motives but chances are if you go into your store you are going to find enough velveeta to choke the house that it came out of. they didn't come out of a cow. ashley: thank you for that image. go for the two counter. tracy: that twitter person was not wrong and. haven't fought a bill of the debt -- velveeta in 25 years. pretty cool. you got the dow down 14 points, "countdown to the closing bell" is next, one of the hottest apps out there. i love this thing. caught the attention of carlos flynn who we will sit down with and find out how his music is cashing in. and where we can expect an ipos this year. "countdown to the closing bell" is next.
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♪ liz: hello, everyone. i am cheryl casone in for liz claman. last hour of trading. we have some disappointing retail news out this morning and share the bed, bath, and beyond, family dollar actually falling on that news. cut in the forecast and overall a rough day for the retailers and most of the market. a good time to drive a ford. ford announcing it it's raising the quarterly dividend by $0.12.5. alcoa reporting earnings after the bell. it is still serving as a bellwether for the overall economy. those numbers in about an hour. the aluminum giant reached $384 million settlement with the sec and department of justice over bribery charges involving a bribery ring.
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the number of americans seeking first time on a plymouth benefits fell to a seasonally adjusted 330,000. it is unclear if the big freeze had any impact on those numbers did more information tomorrow. 8:30 a.m. eastern time, that could be a game-changer for the markets and that could go either way, certainly. if you think alice calls are moving a number of stocks today, nicole petallides watching all of this from the floor of the new york stock exchange area did what do you have for us, nicole? nicole: looking at the airline stocks as the transports move higher. the airlines, delta, southwest airlines, american airlines, all moving to new highs, a lot of apparels, united continental, southwest airlines up 2%, delta gaining. jpmorgan and deutsche bank speaking positively about the group talking about consolidation in mergers,
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