tv Markets Now FOX Business January 13, 2014 1:00pm-3:01pm EST
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nicole: they are, indeed. now slightly higher on this day as earnings season gets underway. the dow right now down half a percent down 85 points at 16,350 at the moment. it continues its drop. continuing to drop down 90 points now. the nasdaq composite down half a percent. also the names are lower. disney, exxon, chevron, energy names in there. retailers coming under pressure after a tough holiday season. we will talk about dow component merck. this is on a blood clot preventing drug that should get approval from the fda. up $2.75 per share. that is great news for merck and
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the shareholders. dennis: shares of twitter getting a boost after goldman sachs raised the price target. boosting its price from 46-$65 per share site a significant acceleration in product initiation opening up more slots for sale. twitter getting high marks for raining a government request for user information. find twitter to be the safest internet company for shielding user info from government snoops. lori: jim beam getting bea bougt out. it will create the world's third-largest premium spirits maker. beam shares soaring on news of the deal trading at $83.50 offer price. companies picked to steal the close by the second quarter. dennis: some of the biggest moves are in commodities. natural gas prices surging just
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today hitting the highest levels in nearly a month. one analyst noted because the record drop in supplies this week. looking at oil, crude pulling back. prices falling as they reach a deal with the nuclear program. lori: neiman marcus confirming credit card information was stolen and unauthorized charges were made over the holidays coming on the heels of target massive hack, at least three additional big-name retailers although they haven't been named yet were also targeted. we are pleased to welcome him to our show. what is the common threat to these incidences? we know eastern europeans are likely perpetrators, are there similarities or differences, what might happen here? >> these firms were targeted by the cyber crimes organized gan
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gangs. we believe this is the tip of the iceberg that in fact there has been ongoing campaigns to national retailers in the u.s., using targeted malware to get onto these networks to capture credit card data from their customers. dennis: the fed and authorities go after investing and the retailer for letting it happen, is it time for some sort of concerted federal task force for going after these guys? >> certain law enforcement has an important role going after these organized crime gangs. however the industry has responsibility to protect consumer credit card information as it is being captured from the time it is captured to online in which payment is made.
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we are doing with outdated standards. still: for abating senators did that is how you get this much 40 million credit and debit card numbers one campaign. lori: the task of replacing the way we use our credit cards now, these chip and pin technologies which needs to be placed in, talking billions of dollars for several years. how do you get this going? >> that is exactly right. long-term solution is we have to read the credit cards themselves to using the chip and pin technology europe has adopted. in the short term we will not get there from here.
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instead, we need to upgrade the technology itself. the way they are getting this information is conventional, targeting employees inside the companies, getting them to click on links, comp demising their machines and therefore grabbing all the credit card data flow across these networks. we have to upgrade our technologies and studies networks themselves. dennis: how much would it cost to bulletproof these network systems versus how much does it cost in losses from hacking attacks? customers pay for the losses. spread it out amongst everyone. the vendors, retailers would have to pay for protection. >> it is a small fraction to the cost the company today. it comes down to prevention. in this case, what the national retailers need to do is upgrade their standards to be proactive to prevent breaches. what we are learning is the
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firms are highly sophisticated security operations but they are coming in after the fact, after the breach is made and they are finding these inferiors on their network instead of preventing them from actually being there in the first place. they would be able to nip this in the bud. lori: i'm listening to your description of the consumer and growing more and more alarmed. consumer spending is under pressure already. what will this do to the psychology of consumers? spending is already under a lot of pressure, so this can't be good. the credit card industry at the retail industry have to get their act together on this. does it expedite it? >> this problem is far more wide-ranging than target and neiman marcus. very sophisticated operation. they spend a lot on security. when they can get a breach, tells you how severe this problem is. as a nation, we are under attack
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the cyber crime gangs and retailers are not equipped to deal with these motivated ivoryy gary's going after these. dennis: the federal reserve is more positive, but how does the consumer feel? and report looks at just that. >> mirror fed released a new survey on consumer expectations cover expectations for inflation, job prospects and other things, and the first survey show more people appear confident about their job prospects because more of them say they are willing to quit their current job to look for a new one. in december 22% expected to leave a job voluntarily in the next year up from about 19% in june, but other people are more
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worried about losing a job, nearly 70% in december versus about 15% in june. still the survey found half of all job changers so they felt they could find a new job within the next three months. on borrowing money, more consumers are more optimistic at the end of the year about their ability to borrow and of those who have borrowed, the survey found fewer people are worried about being able to make their minimum debt payments each month about 15% in december compared to 17% in september, both of those were up from june. they expect inflation to increased% this year with home prices rising 4%. this new survey offers more details on consumer sentiment on expectations and can help that officials said interest rates and other policies. dennis, i know you asked about the survey and margin of error, i have that question because that is a very good question.
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dennis: thank you very much, peter barnes. lori: the detroit auto show is in full swing as they unveil their newest models. taking over as the company's ceo on wednesday. jeff flock got a word with her as she made the rounds on this floor with a first on fox interview. >> what a great start for you. >> this is international auto show. the cars are the stars. the cars and trucks. lori: love it. gm had to do to be excited about. the chevrolet brand snack of the top award. the corvette stingray named car of the year. the shoulde chevy silverado tooe truck of the year. dennis: somebody just got fired, finally, for healthcare.gov. the latest on the website and who is now in charge.
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lori: banned from major league baseball, but alex rodriguez won't go down without swinging. still planning to head to spring training as he makes his case in court. dennis: legends in the travel business, still to come, how he and his daughter, polian, are rewriting the book on travel. capitato make it happen? that makes it real? what's a vision without the expertise to execute it... and the financing to make it grow?
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dennis: got a news alert for you. consulting firm getting the nod from the centers for medicare and medicaid services to help fix healthcare.gov. a one-year deal to replace cgi group, behind the flawed sites launch. responsible for continuing improvements needed to keep the site fully functional. contract work starting $.45 million in initial phase and that could be only the beginning. shares are not exactly celebrating the new deal down 2%. lori: try to make some money with charles payne. a network platform business searching all over the world. charles: it is electricity.
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a new area, you heard of megawatts. electricity that is wasted or not used properly is becoming a huge business because there are entities that can take it, redirected to the right places and everybody makes money on it. lori: how do they know where the excess energy is? charles: 46 million homes installed with smart grid meters. more of a home play. silver springs networks. essentially they tape utilities, the infrastructure and connect them to the home. it has been a phenomenal business for them. the last quarter they did business in brazil, copenhagen, sacramento, one of these businesses electricity prices are already off the grid, skyhigh. it is a longer-term play.
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all of the stars are aligning. dennis: the obama folks like a smart grid. charles: i don't think so. and i see a lot of grants and things in there. but ringing on alternative energy, bringing solar on the grid, wind, hydro, that is not being done well. that is one of the things hurt in the growth of alternatives, so as that becomes cheaper, these kind of companies will make a whole lot of money. it is body and hold, i don't know if it will ever be a household name, but the space will live up to the potential. lori: if you'r if you are in ite long term. charles: a lazy, hazy day. might be a good day to start nibbling at it. lori: a good way to describe this day.
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dennis: for companies revealing the end of the year was not so good for sales. nicole petallides, who is hurting? nicole: looking at lululemon. they had a tough holiday season. add soda streams. let's start off with lululemon. the shares are at a 52 week low, they have and basically had to cut the fourth-quarter earnings and revenue guidance which was already weaker. they have had a lot of issues over 52 weeks, down unlike the market. what is interesting, this is $3 stock. soda stream retailer warning of weakness, holiday sales were challenging at that.
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back to you. lori: a show of nothing heading to broadway? a possible reunion tour. dennis: sending a clear signal. supreme court will rule on broadcaster copyright lawsuit against the smart tv phone service. ♪ ♪ [ 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.
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>> 21 minutes past the hour, this is the fox news minutes. world leaders pay respects to former israeli prime minister earlier today. vice president joe biden was among the dignitaries in jerusalem. in a eulogy, he said it felt like a passing in the family. he was 85 years old. health officials are announcing a gradual lifting of a ban rejecting people from using their tap water. this thanks to a debacle chemical dangerous chemical ban. it will be lifted in a strict and methodical manner. a commercial airplane lands at the wrong airport. the southwest airlines flight
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was supposed to land at missouri branson airport. instead it's touched down at an airport 7 miles away with a runway half the size. the boeing 737 had 124 passengers on board. those are your headlines, now back to dennis and glory. dennis: thank you the dow, s&p and nasdaq hitting session lows. the doubt now down in trouble digits off of 104. i guess the traders are worried even more. lori: friday's job report hangover today, perhaps. this stock alert for you as well. watching intercepts pharmaccutical. today a different story, the stock tumbling after posting gains of 500% last week. get in and get out and run. releasing more information on the company's drug study. so, while the drug showed promise for chronic liver disease, the nih says it led to increased lustral levels, that
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has investors reeling in the optimism today. they played down the concerns to journal saying it is well known the companies drug effects the big metabolism. dennis: a media showdown, the battle between broadcast titans and online tv streaming service aereo headed the u.s. supreme court. will it be a viable business in the long run? "forbes magazine" contributor. some experts in washington tell us they're pretty sure the commissioner that the u.s. supreme court accepting the case is a key sign they want to side with the broadcasters who lost a couple early rounds. what do you think? >> of course it is the supreme court ruling in the cablevision case that is really at stake here. allowing them to have a chance to offer the service in the first place. if the supreme court overturned that decision, could have serious implications.
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dennis: they have threatened to turn the network broadcast into cable channel only if they went. the nfl said they would take games and move them off. what is your issue with aereo? >> the problem is if you are relying on this for tv, it will have to be like reliability. we know what a cable outage is like. aereo is a startup so it is having issues with its technology that are not resolved it. when it works, great, it is quite fantastic. other times you will hit record and it will not show up. it can be a bit disappointing as well. dennis: one federal trial court has ruled another aereo like company is violating trade right. and dvr are fine in the cloud.
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which way do you think this is going to go? how could the supreme court possibly say broadcasters have no copyright protection of their programs? >> so, it won't say that. broadcasters send their signals for free over the airways and you want to have a right to record them. it has devised a system to record them in the cloud on individual basis. it gives us each our personal antenna and our own personal dvr in the cloud, what they are saying is the design of the system is specifically created to stick on the right side of the copyright law. similar services have been found in other regions of the country, other public courts have disagreed the ruling but the supreme court has to weigh in and balance the two against one another. dennis: aereo came out and said it's breakeven level at each market is surprisingly small.
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a few thousand customers and a breakeven. you don't have to pay the broadcasters a cut. is that a lucrative business in the long term? where can i go in terms of growing this thing? speak of are charging 8-$12 per month rates now it will cost a couple of dollars in terms of service provision cost. looking at broadcast television with increasingly aging audience, old enough to the people not willing to give up the service for people with four or five channels are likely to watch. getting it directly on the tv, through a dvr or some don't even use a dvr. an interesting service.
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not that they cannot expand it down the road. dennis: a lot of people are watching on the big screen tvs at home. that is really rattling the broadcasters. thank you for being with us today. >> thank you for having me. lori: going head-to-head with the best of the best. can they get back to the midsize sedan gain? jeff flock with alan gardner. dennis: the new year just dawned, it is never too early to start planning your next vacation. we have a couple of travel agents joining us with a few ideas. they join us next. ♪
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dennis: major averages stumbling along near the lows of the day. let's head to the floor of the new york stock exchange and nicole petallides. nicole, why are the frady cats knocking down stocks today? >> it is interesting. the jobs report, we made it through that. that was obviously miserable. we had a tough 2014 so far. goldman sachs came out today saying the markets are a little frothy, gone up too far too fast. lofty by any measure. they see u.s. equities as underweight so they lowered it to underweight. they see a 10% drawdown, basically says, and i was reading through the nights, the federal reserve last year pumped everything up to unprecedented stimulus program. now we're comparing levels we're seeing in bubble territory much like the tech bubble. this is not good news if you're a bull out there but other
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people say, we could have a great year this year. back to you. dennis: i'm going to say it, nicole, stocks ain't no bubble. thank you very much. lori: you're an eternal bull, dennis. i would like to add, dennis lockhart who is a non-voting fed firm is out with comment who would support continuing of the taper. that is perhaps we're seeing ongoing selling midway through today's trading session. meantime let's talk travel. you know the name frommer, it is famous for travel. sense writing the europe on $5 a day in 1957. arthur frommer is selling millions of travel guides worldwide and he is still at. his daughter pauline is expanding the travel business with 30 new guidebooks. we welcome them both to "markets now." arthur, you are a legend. you started writing for soldiers, right?
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>> in the end of world war ii, i published my book for 57 years. lori: it was $5. >> the dollar was extremely strong. europe was recovering from the war. it was no problem to live on $5 a data time. lori: now, pauline, so many years later you can get a frommer's guide for just over $10. how is that possible? you're relaunching the whole frommer guide series, correct. >> we wanted them to be portable and we wanted them to be affordable and wanted them to be curated. we are under no illusion there is lot of travel information. these are written by local travel experts, separating the wheat from the chaff and taking people to authentic experiences. >> $10.59 is a cheap for a travel guide. how dud do that, art? >> we operated company from our own homes. we have not taken over head of
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office and switchboards and receptionists and office boys and you you will e the rest. we cut costs everywhere. we limited books to 257 pages. we call them easy guides. they're easier to carry. lighter than any tablet. they're filled west pert advice in all price rangeses. >> you are so savvy to sort of embrace the digital age too as well, right. >> absolutely. we have ebooks. we'll have apps soon. frommers.com is one of the most popular website for travel. we're not married to paper. we're married to good journalism. that is what you will find in these books. lori: since you guys are doing legwork for us travelers, what are some tips? travel nightmares past couple weeks. what can you tell us getting through some of the air snarls? >> the problem is air fares. air fares are remorsely increasing. you have to devote more time to choosing an air fare. you simply can't go to one
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source of air fares. you have to spend a half hour and go to four or five. you go to the so-called aggregators. go to companies that don't sell you tickets but he will you where the best fares are where there is hungry airline that has discounted the price. you do that. if you know the name of the airline on which you're flying you follow its twitter feed. you go to twitter/jetblue or twitter/frontier. he you find they often give you a tip about some specialties count limited simply to the users of their twitter feed. lori: you have pulled for us the top destinations for this new year. let's run through them for all of you travelers out there. number one is rio de janeiro. really? >> it will be home to the world cup this year. in two years the olympics are happening. they have really improved the infrastructure for tourists of the it has never been more pleasant and easy to get around rio. it is always a fabulous
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destination. lori: bally is a hot spot. >> bali is hot spot because the currency of bali is currency of indonesia which collapsed against the u.s. dollar. you get 11,000 rupi to the dollar. going to bali which was always a cheap destination to begin with it is cheaper. lori: security issue in bali? >> there is no security issue any longer in bali. they had an incident four years ago at a beachfront cafe. we suggest that you stay in the central up lands of bali, in the town called ubad, surrounding by crafts manufacturing and little villages around the place. lori: running short on time. let's run through these. berlin. dennis: richmond, virginia, civil war afficionado and big island of hawaii. >> volcano is exploding. so really a great time to go to the big island. lori: that is fantastic, art. >> still traveling. still traveling as much as ever before. been more busy than i have ever been before and all of our books are in the bookstores.
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there are 30 titles bearing the name frommer that are once again being sold to the american public. lori: thank you so much for joining us, pauline and art frommer. what a pleasure meeting us both. >> thank you for having us. dennis: that was great. head right to hawaii while the volcano is exploding. that is exactly where i want to go on vacation. lori: you would do that as a matter of fact. dennis: battle between the u.s. attorney's office and real wall street jordan belfort takes another turn today. charlie gasparino with exclusive details. lori: do you miss "seinfeld" or curb your ennews am? -- curb your enthusiasm? well the two producers are teaming up on a mystery project. we'll tell you about it next. ♪ liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.
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the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >> i'm jo ling kent with your fox business brief. atlanta fed president dennis lockhart is endorsing further stimulus tapering. lockhart says uncertainty about the economy is diminishing. he expects rising growth and better hiring a the year advances. fiat ceo sergio marchionne is hinting the company might relocate the company's global headquarters from italy. he said by definition the united states would have a large claim, unquote. he would like the combined companies primary stock listing to be in new york city. men's warehouse largest shareholder is supporting the company's hostile bid to acquire
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lori: the battle between the u.s. attorneys office and jordan belfort, the real "wolf of wall street" takes another turn today. charlie gasparino here with the latest. >> kind of a nasty turn. you would think he is out from underneath the rock. you know, he is now a private citizen. he served his two years in jail but what the u.s. attorney's office from the eastern district which initially prosecuted "the wolf of wall street" back in the 1990s is telling the fox business network that this guy isn't making his payments. he is looking to get out of making restitution payments to victims. we're trying to get the straight
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story out of jordan belfort's lawyer. here is what they're basically telling us. they're not trying to get out of the payments. all the proceeds from the movie will go to these payments. here is where it get as little sticky, saying that while he is not trying to get out of the making payments that the movie payments will make the victims whole. that doesn't make any sense. we're still working on this. we'll probably have more on this later but if jordan belfort made a couple million dollars on this movie, that doesn't go very far paying back the $100 million that he still owes the victims of the strat10:00 month scam. we're parse through this. it was a story we first reported at the fox business network late last week followed by "the wall street journal" and today by "the new york times" where we were talking about the heated battle that the u.s. attorney's office for the eastern district says he is trying to get out of paying. he says he is not but he is not giving us full details. i will say this. if this guy gets out of paying what he owes people, that is a
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travesty of justice. the u.s. attorney for the eastern district should resign immediately. jordan belfort may be the object or subject of a movie. he may, a great guy may have played him, great actor leonardo dicaprio but he is one of the lowest forms of human life there is. someone that would rip off little old ladies. if he gets out of paying any of this money the u.s. attorney for the eastern district should resign. lori: there is video of the movie and leonardo dicaprio winning best actor at the golden globes last night. it was interesting. i don't know if you heard the acceptance speech and went through a laundry list of people who think. for a great story, jordan and stopped short -- >> he actually said -- lori: i can't confirm that. i have to double-check, sounded like he started saying jordan belfort's name and stopped midway. >> there was something in the 1960s was called radical chic. all the rich limousine liberals hanging out with bill ayres types, terrorists, something
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chic happening outs with '60s radicals. what is going on with jordan belfort, some people think he is a good guy. want to hang out of with him now is a form of radical chic. this guy is a piece of garbage. he is a criminal. he is worse than the mob. i grew up with mobsters. he is worse than those, at least they killed their own. lori: talk about who you grew up with, come on. >> i'm just saying this guy is worse. a yuppy, deranged yuppy scamster. lori: let me ask you this. do you think this movie will highlight what a low-life jordan is and get him to repay or glorify? >> i haven't seen the movie. i'm not going to pay movie to see it. see it on dvd. lori: pressure on the feds to get him to pay the restitution? >> i don't know. all i know it is so absurd he is getting away with if he is the not repaying money. from what we understand he is trying to tell us get away with not paying anything more. okay? the whole thing sounds absurd to
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me but and what we need is some daylight in this. the u.s. attorney's office should fest up exactly how much is he paying? what is his payment schedule? what does he owe and what, what they plan to do to make sure this criminal pays back people he ripped off. lori: what about victims and people that he ripped off? >> this is it what is sick bit. it is not leonardo dicaprio. it is not scorsese. they're saying what a great guy he is. that is the irony. these limousine liberals go around and attack the tea party and attack fox news all the time, they're siding with a piece of garbage. i'm trying to he had it myself as we talk. lori: we appreciate that. it is a fascinating story. >> is it? lori: i think so. >> i think so. lori: is specially how leonardo dicaprio accepted the award last night. really glamorizing something. >> this is form of radical chic. look it up, you understand exactly what i'm talking about. lori: lesson learned. charlie gasparino. see you around, buddy. >> okay. dennis: as we do every 15
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minutes let's check the markets. alan valdez of dme securities is on the floor of the new york stock exchange. alan, what are you seeing? >> dennis good afternoon, thanks for having me. dennis: what do you think today? looks like a lot of frady cats out there? >> that's what it is. fed gave the little speech and that's it, out of dodge staying on the sidelines but you know it's a big week. we get 28 firms report earnings this week, some big ones, goldman sachs, intel, jpmorgan, so a lot of guys are on the sideline any way. dennis: you think that is basically overdone reaction? do you think the january effect when stocks tend to rise in the first month of the year will take hold or is it too late for that? >> this ask a strange month. strange start to the year. we could be in for very volatile year. i think the old january effect could be off the board. we could see volatility this month but going forward. if the fed keeps cutting back you will see more and more volatility in this market. dennis: thanks very much. alan valdez.
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>> thanks, dennis. dennis: do you miss "seinfeld"? lori: i yes. dennis: you do? lori: i do. dennis: internet is ablaze that jerry seinfeld and larry david, creator of the show are collaborating on big project. we have a clue what it is. showbiz 411 reporter roger friedman says the megastars might be heading to broadway. larry david who created and produced "seinfeld" and writing a play that seinfeld may star with it. seinfeld produced colin quinn's show in his own show on broadway in 1998. lori: star power. did you see the interview last night? rodriguez -- alex rodriguez firing back. what his attorney, joe tacopina is telling fox business. dennis: chrysler unveiling challenge to toyota camry and honda accord. of the sighs letter's ceo on the
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new 2015 chrysler 200 coming right back. ♪ ♪ [ male announcer ] how did edward jones become one of the biggest financial services companies in the country? hey. yours? not anymore. come on in. [ male announcer ] by meing you more tn halfway. it's how edward jones makes sense of investing. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a od seal defense
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dennis: chrysler hoping to give one of its models a new look to help put the automaker back on the map and become a bigger player in the mid-size auto segment. jeff flock live from the detroit auto show on the floor. jeff? >> does this look like the chrysler 200 to you what they used to call the sebring? of the even sergio marchionne said, wow, that has a lot of last tick in it. i don't like that one. speaking of marchionne he made a lot of news at the show.
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marchionne revealed he will be around for at least another three years and that potentially the new combined chrysler-fiat could be listed on the new york stock exchange. in fact that would be his preference so he would be able to invest here. we can look at the adr. we probably have that chart. that has done pretty well for those who like to invest in the overseas portion of that. he said maybe, al gardner, the headquarters would be somewhere other than turin. how do you feel about that? auburn hills, you have a lot of room out there, don't you? >> you know what? that is sergio marchionne's stuff. >> you're not messing with it. >> i will stick to selling chrysler brand products. >> you have one to sell that may be more saleable than before. tell me why this is totally different 200. >> simply we started from the ground up this is brand new platform we currently use. this comes off the alfa romeo.
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beautiful vehicle. sold well in europe. it is award winning platform and vehicle. we took it and moved it, expanded, it changed the design. >> when it came out, when you unveiled people said, wow, that's a totally different car. that doesn't look like anything like it, right. >> designed to be that. if you think about it, we completely built a new plant. billion dollar investment in the plant. we build a car very smooth on the outside. reality what is on the inside and underneath that is the fun stuff. >> the most important thing perhaps that mid-sized segment. look at numbers in the mid-sized segment. we all know about camry and accord. camry is the best-selling car out there much. most cars bought in america, of any segment, mid-sized. i'm looking at sales. you have room to grow there. >> we do, absolutely. when you invest kind of money in this product, we will grow. the goal, let's beat them at their own game. put a 9-speed transmission.
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no one does that. transmission that decouples with better fuel economy. no one does that. 6 cylinder with 2 29 miles per gallon or a six with most power. and security and safety features that beat competition at their own game, 6 of them. >> we will talk to the competition next hour, a teaser image, unveils are the guts of this show. they usually go pretty well. folks at toyota did not have a good time of it. i will talk to jim lintz, ceo of toyota of america what went wrong. it is a pretty cool car, once they got it unveiled. jim lintz, next hour here on the fox business network. stay tuned. dennis: thanks very much, jeff flock. lori: not as bad as michael bay at samsung at ces. dennis: he walked offstage. lori: that is bad as it gets. alex rodriguez's legal team is filing a lawsuit to have his
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suspension overturned. this comes after last night's "60 minutes" interview with tony bosch where bosch details his involvement with a-rod and perform enhancing drugs use. bosch said he injected him with steroids and told him hue to avoid detection. a-rod's lawyer firing back at mlb commissioner bud selig. >> when i see bud selig on national tv and talk about alex rodriguez's suspension and makes me gag and makes players gag. first and foremost he has ability to make every television talk about alex. dennis: he couldn't testify. >> wouldn't raise his hand and take an oath. lori: a-rod still plans to report for spring training. dennis: in denial. shopping at your local farmer's market without ever leaving your sofa? a new website delivers locally sourced items right to your door. ashley and tracy talk to the
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founder of good eggs next hour of "fox biz." [ male announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored to be part of some of theorld's great stories. that began much the same way ours did in a little dorm room 2713.
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tracy: happy monday, i'm tracy byrnes. ashley:there is such a thing and i'm ashley webster. the dow kicked off the week just as it kicked off the year on the downside. blackrock chief investment strategist russ koesterich will join us. he will explain why he believes the recovery, well, it will not be led by the consumer. tracy: major league baseball reduced amount of games alex rodriguez will miss next year, costing him something like $25 million. should the yankees suspend another 61 million to buy out a-rod's contract or welcome him to spring training with open arms? your tweets and dan kaplan from sports business journal all coming up. ashley: in the wake of neiman marcus being hacked, a trade group calling for tougher
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security standards for credit cards? could this be a watershed moment? tracy: having a case of mondays? ready to throw in the towel at work? there is a app for that. instead after face-to-face, you can send a text. ashley: how about that. we have breaking news on the federal budget. let's get to straight to peter barnes. >> tracy and ashley a big surplus in the federal budget, in month of december, $53 billion. due to higher taxes and lower spending, mainly because of higher revenues from time to time it reports surpluses in december, in part because of those quarterly and annually year-end, year-end tax payment that is taxpayers make. this is the biggest surplus for a december on record since the treasury began to keep records in 1954. so about 60 years. the december surplus compared to a deficit of a billion dollars in december 2012. for the first three months of the fiscal year, that began on okay 1st, the treasury
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reported $174 billion deficit, compared to a $293 billion deficit in the same period in 2013, fiscal 2013. that is a swing of $120 billion, about a 40% decrease in the deficit for the three-month period year-over-year. the deficit of course in general has been shrinking this year due to the tax hikes that occurred on january 1st last year and the higher payroll taxes and the higher tax rates for upper income families, and, spending as you know has been held down for the last year and this year by the sequester spending cuts. back to you. ashley: at least more positive news. gaining ground. peter barnes, thank you so much. we appreciate that. let's get back to the markets and go straight down to nicole petallides on the floor of the new york stock exchange. nicole, beam me up. whiskey merger monday. >> right. we'll get to that merger indeed. talking about jim beam, makers mark. talk major market averages, down
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101 points on the dow jones industrials. at the lowest point, 16,313. we're at 16,336. a loss of half a percent. s&p 500 at 1829. tech-heavy nasdaq is down 3/4 of 1%. it has been inverse to what we've seen in the major market averages. some jitters here on wall street. don't forget this is earnings season. we'll get a lot of news from the banks, get some retail sales numbers. that is what we're looking at in the week ahead. that being said, let's get to the beam story. a japanese family-owned drink company buying beam. this is 16 billion-dollar deal. they assume debt. pinnacle vodka and the like, 24% higher for the stock at 83.27. the deal was 25% premium to friday's close and 83.50 per
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share. hovering right around the levels that is being offered. back to you. ashley: merger monday. almost forgotten about that. nicole, thank you. tracy: after december's surprisingly weak jobs surprise our next guest says beware of consumer sectors. get outside the u.s. a little bit. joining us, russ koesterich, black reock global chief investment strategist. unfortunately consider mean on a vacation that couldn't be so bad. you're talking about diversifying outside the u.s. equity market, aren't you? >> i am, tracy. in think of the think of the extraordinary year for the markets. stocks had a fantastic time of it. we think stocks go higher in 2014 but not likely to be dominated bit night as it was last year. we've been advising clients, look abroad. look at europe. look at japan. look at other parts of the world rather than having all your eggs in one basket here in the united
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states a lot of people feel the consumer is file finally feeling better. you don't think so. is that because all this money is not trickling down to main street? >> there are a couple of things. the argument about more international diversification that is mostly about valuation. in some ways the u.s. economy looks stronger than europe or japan. everyone knows that. valuations already reflect that outlook. in terms of the other question about the consumer, we think the economy will get better in 2014. what isn't going to change as much is the contribution of households and the reason for that as we saw on friday, is that while the labor market is getting a bit better it is still lagging the rest of the economy and second of all the one ingredient that is missing, and this has not changed since we came out of the recession, is that wage growth is very slow. unless wage growth picks up it is hard for consumption to accelerate. tracy: hours worked, all that stuff has basically stayed the
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same during this entire recovery. to your point the consumer has nothing to add. we have to at some point see some of this money trickle down, no? people have to start hiring. wages have to get better at some point? >> well i think wages will get a bit better. i think hiring will accelerate. there is really important point here. a lot of factors that have been troubling the labor market, they predated the recession. you think about a drop in the participation rate. that started in 2000. you think about the stagnation in middle income wages. that started decades ago. so some of these problems don't necessarily lend themselves to monetary policy or to an improving economy. some of these issues are structural. unfortunately they're likely to remain with us in 2014. tracy: yeah, a lot of technology i guess taking the place of human beings too. talk about where you're overweight, speaking of technology. tech is one much them but you're staying away from the social media stocks, aren't you? >> we are. tech overall, to us actually looks fairly cheap.
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we think tech will be one part of the market that will benefit from more capital spending by companies. it will benefit from more exports as europe and other parts of the world get better. there are pockets of tech. i focused in social media, that do look a bit frothy. we would focus on some large and megacap names tied to corporate spending and not as expensive as that particular subindustry of the space. tracy: talk about the energy boom hitting the united states. do you still believe that. if so, are we in it? when does it hit us, how do you play it? >> energy boom is very real. in 2012, the last year for which we have data, u.s. domestic oil production increased by one million barrels per day. that was the largest increase since records began in the 19th century. we're seeing a energy renaissance. it is not just a m benefiting energy companies. it is also benefiting manufacturers, those in chemicals, plastics, fertilizer.
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where the input costs are very driven by energy prices. for those segments of the manufacturing sector, they're big beneficiaries. in other words they become much more competitive relative to companies in europe and asia where natural gas is much more expensive. tracy: good stuff. great suggestions too. russ koesterich of blackrock. always good to see you, sir. >> thanks, tracy. ashley: we have 20th century technology competing with 21st century hackers. we know how that works out. the cries for tougher credit card security standards. our elizabeth macdonald in the middle of all of it for us and she will investigate. tracy: twitter get as ultimate lift from the goldman sachs. we're on the floor of the new york stock exchange. what goldman sees that apparently others don't. ashley: as we do this time of today let's look at how oil is trading. all the major exchanges in the red, as is oil, down nearly a dollar at 91.78 a bear. we'll be right back. [ male announcer ] e new new york is open.
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this organic led stuff, hey? >> you know about it, right? you remember the cs -- ces last week. ashley: csi. >> yeah. michael bay meltdown? tracy: yes. >> out in front of the curved tvs, that is the what organic light-emitting diodes allow the companies to make curved television. the big talk at the show was curved tvs and 4k which is one of those humongous amazing televisions. this company pioneered the technology. they're based out of new jersey. they do a lot of business overseas. they have deals with lg and nec. they cut a deal with phillips. the problem is getting the price point down so that everyone can afford it. ashley: why do i want a curved television? is it better viewing? >> just oleds the color, vibrancy is absolutely amazing. interesting enough it may not be that great for like the smart phones because it might be, pour
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whatever reason it needs a bigger setting. ashley: yeah. >> once you've gotten that, this is supposed to be the year they start to trickle into the mainstream. you know i think that is what michael bay was supposed to talk about. during that thing. >> one of the things we tweeted about is that exact day, are people ready to buy a new tv again? that has to happen, right, in order for this product to make any money you have to buy a new tv. >> the good news is that at upper end maybe they will. ashley: yeah. >> but i do like also recently the company started executing better. they beat the street last two quarters. numbers came in 400% better than expected. iisiders are buying. last six months insiders buying 400,000 shares. this has a huge short position. this is the problem. because the execution has been so choppy and questions you ask are legitimate questions, 29% of the float are short.
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this is caveat but could be a huge grand slam once all the stars align. ashley: very good. tracy: especially what you bring us at 2:00 anyway. >> the market is down 100. ashley: give it a jolt. tracy: nice follow up. ashley: curved televisions. tracy: charles payne, thank you. ashley: more fallout from the holiday hack at target and neiman marcus. national retail federation are calling for issuers to issue upgraded cards. while they zero in on hackers we get bottom line with elizabeth macdonald. liz, how can we make the whole system safeer? >> good to be with you, ashley and tracy. here is what the suggest is and something that has been talked about. instead of 1970s era magnetic sometimes on back of cards instead you have computer chip where the customer's personal information is up loaded from the computer chip on the card and when you shop at retail store you have to punch in the
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pin number to complete your transaction. here is the thing. that is talked about for some time. computer chips on cards for plastic have been in place for europe for some time. the question is would it add extra layer of security for customers. some analysts are saying no but law enforcement say it would be another barrier that hackers would have to surmount in order to make a breach into customers plastic. here is another thing happening too. we do know over the weekend neiman marcus is basically feeling with the fallout of a hack into its systems. late friday we were reporting how target basically nearly doubled the number of accounts that have been hacked at target from 7 to 70 million, from 40 million. here is what we are reporting all along. this is developing story. the situation is really fluid but law enforcement is telling fox business that eastern europe with is where these hacks could have eminated from. we know last july eastern europe
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was a source of hacks into retailers here in the united states. eastern europe has been a hotbed of credit card cybercrime going back several years now. so that is another thing that is a developing story. biel bring you news as it comes in, once law enforcement tells us where the hacks eminated out of at target and neiman marcus. potentially three other retailers yet to be named potentially could have been hacked as well n the holiday breach. give it back to you guys. ashley: liz, it is interestings, because the so-called chip and pin number cards have been around a long time in the other parts of the world. >> yeah. ashley: mexico, europe, u.k. have had them a long time. i wonder why they have not been part of our financial system a lot sooner? >> one thing i'm hear sergeant cost of those cards. the issue is how much would they cost? costs of retail industry or banking industry a lot of money? that is what is at issue here. law enforcement is telling us too, what is at issue with the
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holiday hack is bank fraud. in other words cyber thieves want to get into bank accounts. that is something you need to address. pay with the credit card, yes, but really debit cards are a threat too. basically people paying and giving away their information, rather the information is stored in their credit cards, but the cyber thieves really wanted to get into the bank account information instead of bank accounts. ashley: you get no protection on debit cards that you do with credit cards. tracy: lizzie mack, all over the story. thank you. >> sure. tracy: we have to get a check on the markets now. nicole petallides on floor of the exchange. watching twitter. a nice big boost today. >> twitter is bucking the trend of the market, right? the dow is down 116 points right now. session lows here basically. twitter a different story. up about 3% as goldman sachs reiterated the buy rating on the company and put a stop now, price target of 65 bucks up from $46. for the week you can see it has been under pressure. it is down about 7% so far for
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this january but today a different picture. one of the reasons why they say they have done this and raised the price target to because of product innovation. so much so they believe there are ways twitter to change the customer traffic into revenues. that ultimately will be good news for twitter. the high on twitter is $74 and change. 58 bucks and they have a $65 price target. back to you. tracy: thanks, nicole. 25 million lost but 61 million still remain in alex rodriguez's contract. should the yankees cut a deal or welcome him with open arms to spring training? your tweets and our guest next. ashley: a lot of strong opinions on that. consulting giant accenture tapped to take over healthcare.gov. their tough task coming up in tech minute. we'll be right back. ♪
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least six months starting on monday. that include eliminating some of its stockpile of highly-enriched uranium. more hot water for new jersey governor chris christie. the feds are now reportedly investigating the republican's sues of -- use of super storm sandy relief funds, specifically whether he improperly used money to produce tourism ads that starred him and his family. this is after at start after federal probe related to a political revenge spot. only one game remains the four teams to the super bowl team. broncos defeated charges for and take on the patriots for the afc crown. and 49ers take on the seahawks fund night. back to you. ashley: patti ann browne, thank you very much. >> thank you. ashley: a sports story with a lot of headlines.
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attorneys for alex rodriguez filing injunction to stop a season-long suspension from major league baseball after tony bosch supplied the third basement with performance-enhancing drugs and insinuated that he could have been taking the drugs during the game right in the dugout. >> they're so small that you could literally, while sitting in the dugout, take it, put it in your mouth and people could think it is, either sunflower seed or, or a piece of candy, or a piece of gum. ashley: well, tweet us. should the yankees look to get out of their deal with the embattled player or welcome him back on to the field? daniel kaplan, reporter and editor with the sports business journal is here now to talk about this. you know, a-rod's attorney, to follow up on the "60 minutes" piece says this is witch-hunt. witnesses have been threatened. payments made for stolen
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documents. it is dirty from the outset. he is victim here and always portrayed himself as victim but from what i can tell a majority of the people don't see a-rod as a victim. >> a-rod has never been a sympathetic figure in the public eye ever since he signed the record breaking contract in 2000. anybody that makes -- ashley: popping them in the dugout is that feasible? >> i would bring props and gum i would -- tracy: like a tic-tac and you wouldn't know. they look like tic-tacs. >> that is the allegation clearly that tony bosch made on "60 minutes" last night. given a-rod's reputation i don't think anybody would be surprised if indeed he was popping pills in the dugout. ashley: already admitted it once. tracy: so we're talking about 162 games. he was suspended back on august 5th. they will fight this tooth and nail but at the end of the day he will be suspended. >> very hard to see a federal judge overturning a collectively bargained decision brought down by arbitrator. federal courts are very, very
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loathe to get involved in collective bargaining decisions like that. he would have to pr arbitrator perhaps, he made a major error, he was corrupt. no one see that is in this decision but a-rod has a lot of legal dollars to throw around. ashley: would the yankees say to hello with it, buy him out and say good-bye? >> that is clearly on the table. he is owed $61 million from 2015 to 2017. his skills are deteriorating. who knows what he will look like in 2015, presuming he doesn't somehow get this injunction and bet back -- get back on the field. it clearly has to be on the table for the new york yankees. tracy: what does it do to bud selig's reputation going forward because a lot of people are saying he did not handle this properly? >> there is definitely a dark cloud for major league baseball the whole steroid era. some say it's a big win for major league baseball. it removes part of a cloud, that it is a big victory. i see it as a dark cloud on both
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sides. a really sad state of affairs how major league baseball had to go about obtaining some of these documents, payoffs. it is very nefarious. i don't personally see this as a good thing for bud selig. they seem to won the arbitrator's decision but the whole thing i believe is a negative for both side. ashley: we were talking in the commercial break before this segment, you know, look, it appears these peds are a part of life in major league baseball as they are in other sports. at one point do you say it's a fact of life, you will have to live with it and try to control it than outright ban it? >> this is ongoing issue for all professional sports, not just baseball. national foot bag league. clearly the olympics start in a few weeks. professional sports leagues, the olympics will not throw up their hand and say you can't fight it. ashley: right. >> always will be someone who pushes the in, finds the next best thing and leagues will have to find a way to test for it. that is what they're looking
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with hgh. the nfl is still trying to get a hgh protocol with the players association. you will not see the league say, forget about it, we can't find it. they feel responsibility to the youth leagues, colleges, high schools to look up to the athletes as role models. tracy: what do the yankees look like without alex rodriguez? >> not very good at 30 base. i don't know how good they would have looked with him given his recent play. they don't look as good without him but save a lot of money though. ashley: that's true. dan, you will continue to follow the story. thanks for being here. appreciate. >> it that's great. i don't know. toyota's jim lintz looking for the automotive market to be healthy this year. jeff flock is live with him at the detroit auto show. ashley: taking anxiety out of resigning. how about this? an app that lets you quit via text message. that is not very classy.
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lit's look at winners and losers on the day. there are a quite a few losers but there are winners as you can see. we'll be right back. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... reaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scning wherever you are with the mobile trader app. from td ameritrade. with the mobile trader app. if ...hey breathing's hard...
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>> 90 minutes until the close look at the dow 30 a lot of red on the screen except for merck after filed earlier than expected application for its environmental drug also boosting the stock today it is also to prevent blood clots that it should be approved on robustly approval of the clinical trials for the big winner
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today let's go down to new york stock exchange and it -- with nicole petallides. >> another robustly positive group but look at the auto parts, equipment makers. some of them will five dash hour narrows because the market has turned lower throughout the day but at some point during the trading session today these names that appear on the board, until five or word johnson controls, and advanced autoparts all hit 52-week highs. it continues to do well but the call is at the detroit auto show effected not only hitting record highs today but also have outpaced in major market averages in the last 52 weeks. video of these names are upwards of 50% and 60 percent with some of them like delphi and the group continues to run high.
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ashley: we have breaking news on oil closing down almost 1% at $91.80 per barrel. much oil is much like the markets today. toyota pulls out the stops to revamp its image unveiling of sports car and hydrogen and fuel soviet call. jeff flock is all over in a. >> one to show you the coolest looking vehicle at the show the toyota ft-1 to save the japanese are stodgy and they cannot design something exciting? >> i would never say that. this is an example of the passion we put in our cars for the future. is a concept but it is the
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passion for the cars. >> the last three or four years we did not see concept but this is a true concept this probably will not be built? >> probably not. we have to kinds. of the nose and a mustache and you will see six months later but this is a true concept we will test the consumer reaction. >> there was much reaction at the unveiling. it was a curious because you had people ripping the box open and? ltd. took a little bit longer than we had planned but it worked out. [laughter] >> there is a great sense of the industry. >> you have predicted to sell 100,000 more cars this year than last year? the industry will hit highs but that is conservative?
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>> the way we look at it the last four years the market has grown in excess of 1 million. 1.1 million and 1.70 before so we see a leveling off. just of the gross because pent-up demand has driven the industry. we see that now has the economy gains strength recede that driving industry sales. >> will get purchase price you have done well to gets a purchase price and not a lot of incentive spending. can you maintain this growth over the last five years? limit there is a little misleading number in purchase price grows. segment by segment it is not quite as strong. look at the percentage of light trucks. that drives the number a little artificially high. >> can you keep this without incentives you have always done a great job to not over
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incentivize but your friends in detroit got carried away we know what happened. you have never done that. can you continue to hold the line? >> we will. we use it on a taxable basis with their life cycle manager you will see higher incentives to the end of the life cycle. we will continue to do that but we will not chase volume with incentives. >> we appreciate your call a and recent work at the detroit auto show. alan mulally the ceo of ford motor company talks about his new truck. the f-1 50 will show us why you should invest in aluminum. next hour with. >> that is better than on the streets in the cold. >> a new web site will
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all but this is your fox business briefs. the largest shareholder is supporting a company's possible bid to do fire its rival. owning about 10 percent of men's wear house and by percentage as a fait banks once the two sides to begin talks. lululemon is down sharply after fourth quarter earnings were cut citing lower traffic. the retailer also expects same-store sales -- sales to decline it dropped 20% the last three months. pizza hut will offer pizza by the slice in rhode island in nebraska test market it is a single slice peace between two and $3 it will have new ovens to he eats up the slices two or three minutes. this is the latest from fox business, giving you the power to prosper.
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tracy: most of us barely have time to make it to the supermarket let alone go to the farmers' market but now there is a company bringing the farmers' market street to you. good eggs allows you to shop for the local food, and then delivering to your doorstep. co-founder and ceo of good eggs i love the idea. but but outwear i live there is not a lot of farmers or farmers markets. how do you get this all of the country? >> you would be surprised there are small-scale agriculture and local food all over this country. we have four markets live now san francisco, new orleans and therein is wonderful food makers in the area. ashley: i would imagine there is some downside to
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ordering food online how do i know that will live in the same state nice and fresh? a lot of it is dependent when the farmers can put the product out in a timely manner spirit that is the thing with good eggs that the produce and fruits and vegetables are the most amazing quality because when you order online local farmers are harvesting the fruit for you and bring it to as we deliver it to you within hours. it is super fresh. tracy: you have 8.5 million in funding from sequoia you are out there trying to raise money. what is the goal? to bring fresh farm through to everybody store? >> right. to transform the food system so everybody has access to the best food from local food producers. ashley: and one of the joys of going to farmers markets is to interact with the
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different producers, looked at the produce. there will still we a large segment of the population that like to do that? >> most go on the weekends with their family as a great activity then they get good sometimes it is hard toe carry around at the farmers' market so if you have it delivered it is so much easier. tracy: a little more expensive. i used online shopping but for home grown food my bills could go up $50. >> the prices at good eggs air similar to the farmers' market that is competitive and sometimes less expensive than the premium supermarket. you get great deals because you get fresh food. ashley: why the city's you are in right now including new orleans? i can understand brooklyn i
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would not think that would be a test market. >> it is as such, high-quality ii day care about supporting local businesses so it is a good fit. tracy: if you could just deliver good eggs because we never seem to have been enough acheson in northern new jersey. thank you for sharing your story. >> think joe. ashley: interesting stuff. not a bad idea. time for stocks as we do every 50 minutes let's head to the new york stock exchange with alan bell does. the markets are moving lower down 131 but at some point could this not be an entry point for those who have not jumped into equities? >> they could save a good sale day but there is some
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uncertainty with earnings season kicking off goldman sachs, until, a jpmorgan chase we have earnings coming out but coming out the word that they would keep capering a few fifth believe the fed kept the market going with tapering it is disconcerting to people. so people will just sit back and watch the market. ashley: we will see people lowering guidance but what effect can that have? >> you could see a sell-off. possibly a 10% correction people are a little upset with that call to several of volatility stick around? >> you will see a lot of volatility. it will continue with more fed more volatility. ashley: that is true. thank you so much.
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time for your tech minute egg censure getting the nod from the center of medicare and medicaid services to fix the online marketplace for the affordable care act it was awarded a one-year contract'' for the cd-i group that has traded blows over who is behind the numerous problems with the health care site a and the contract will total $45 million for the initial phase including a transition plan that will define the actual workload is rewired. one man has discovered a new secret ingredient by using double layer paper with a honeycomb design researchers found it actually creates a series of mini airbags in the moment that and absorbs more energy which is less
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compression in the of rain a few less milliseconds of pressure could be the difference between a mild concussion and brain damage. had you had enough of your job you don't want to go through the awkward saddam with your boss to use the down? there is a new apps for that quit your job it will take you three series of questions and to determine why you want to leave your position. handed send it directly to your boss not is classy at least have the you know, what to say i am out of here. tracy: and the helmet thank? ashley: it is very strong and relieves the pressure on the brain that could be revolutionary. tracy: i may start sending my son out with a pillow. [laughter] the supreme court gets
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and the s&p is also off 1%. still time to come back. tracy: is the area of smart phone tv service going to get smacked down by the supreme court? we're asking that question right now. ashley:. >> they agreed to take up the broadcaster copyright infringement some say that is good news but the broadcasters of rory lost a couple of early rounds. the company is owned by a the minister the fox broadcasting network now is undermining the entire business. they grab the broadcast signals out of the sky then rebroadcast without paying the networks a cut if the court rules in his favor fox and cbs are attached for threatening to turn the network into a cult with dash cable channel nfl would
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methodius to the cable channel but they could side with the broadcasters. but i have been told'' mack the supreme court is taking the case to reaffirm to protect broadcasters' intellectual property rights and he adds, economic incentives with technological innovation and content hang in the balance. tracy: just with the of golden globes of us might. >> a head issues there was a one hour blackout during the awards show last night. they got it back up and running no way to tell how many were watching but 11 categories, a twins and american hustle one the most with best comedy film and the four main actor winners will likely get the oscar nod and leonardo dicaprio
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and kate to planchette. >> will he go up against nazi icon and a? >> matthew mcconnell hey. >> when you start cocaine off the body that is heavy stuff. [laughter] tracy: what did you think of the presenters? >>. >> there soever they make fun of everyone. they did a good job as specially the makeup seemed. ashley: so what about oscars? >> instead of one big film i think it will be fragmented but hollywood decides the message of slavery is bad that is why it deserves.
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>> american household continues to get good reviews. >> by hollywood wants the big are rated movies? ashley: that is ridiculous. tracy: what about diane keaton and woody allen? >> i was okay with it but then i felt i was back in an romper room. ashley: that is when we lost her. coming up detroit is back and the car makers are live from the detroit data show we will sit down with our mulally president and ceo of ford to talk about his lighter and more fuel efficient truck built almost entirely out of aluminum. subaru hopes to take:more
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♪ ♪ liz: car makers in the fast lane. alan mulally's staying on as ford's ceo -- >> i love serving ford -- liz: but how can he stay ahead of the competition? plus, ford's outdoorsy rival subaru increasing u.s. market share faster than any other foreign automaker. first on fox business. >> relaxing times, make it -- [inaudible] >> hustle, hustle! liz: nothing's lost in translation about this takeover, beam bought in a deal valued at $16 billion creating one of the
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world's largest spirit companies. and target not the only retailer in the crosshairs of hackers. now it's upscale department store chain nieman marcus targeted by cyber criminals, plus even more revelations that other chains have been hit. we'll tell you what it means for shoppers and investors alike. "countdown to the closing bell" starts right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. it is the last hour of trading, and stocks are struggling at this hour. we're hitting lows, at least at the moment, of about 143 to the downside on the dow, but the lowest of the session just a few minutes ago, down about 154 points. ford not struggling, and as you heard in our open, we're all about ford and other auto companies that are trying to juice their stocks and sales with new unveils of trucks and cars all happening at the detroit auto show. ford swapping steel, unveiling its new
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