tv Lou Dobbs Tonight FOX Business February 18, 2014 11:00pm-12:01am EST
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♪ >> fasten your seatbelts and hold onto your identity. this year, it's going to be a bumpy ride. welcome, everyone. i am charles payne in for neil cavuto. it turns out that target and neiman marcus were just the beginning. a new report showing 91 major hacks have been ordered in the verse 43 days of this year. that's more than two per day and it's not just big retailers that were talked about. medical offices, local banks thomas school districts. transportationompanies and even nursing homs.
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our security expert says don't expe these attacks to stop anytime soon. so it's going to get much worse? >> yes, we are inhe embryonic stage. the business model is terrific. the amount of revenue alone that this will generate, i mean, with over 400 billion. >> we never hear much about the bad guys having a business model. but that's exactly what is going on? >> yes, these are brilliant guys. these rganized crime groups are brilliant and smart. they know how to play the weaknesses and how to use our culture against us and it's pretty simple. charles: what we have going on is a perfect storm of disaster? to no, when you start talking about the result of cybercrime, it could be financial or physical. but the oneshat we are looking at right now is just the genesis of going into e revenue stream associated with attacking the vertical market. charles: okay, we had the vague
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target. it feels like maybe we hav't had an update out. maybe it was minuscule with respect to the actual damage done. >> is look at it this way. 200 million is what we are suffering from that. but we are talking abo the front end. so what about reconstructing the brand? shareholder value. and that is extraordiny. >> where is the disconnect? it feels like consumers, even though target botched it in time, it feels like maybe they were more forthcoming right out of the gate with this lingering damage the said might've been mitigated. but it seems like we don't start using our credit cards are buying things on thenternet were putting out information and the retailers haven't done much to make us feel more secure. so where is the dconnect
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between the consumer and the businesses they were talking about you where it comes to is the boad of directors and the fact that cybersecurity is not a priority as it should be. you're going to see that is going to change going forward. becausewe are oing to continue to use credit cards and that's not what this. escorted america w need to do a better job of protecting that information. charles: these guys are ahead of the curve ball. there's a lot of companies working on stronger network security. but it feels like he's weighed the pros and cons and they cost tomuch to implement. we would rather pay this. where the bad guys always be ahead of the curve muster something catastrophic were trillions of dollars were hundreds of billions of dollars are lost in one fell swoop?
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>> businesses are trying to decide whether i invest what is the risk of this happening to me. >> so far? >> so fa we are losing it. they taken this with the occasional heads. >> is expensive. this is reallygoing across the movement. >> i have to tell you that it's been an unmitited disaster so far are you i didn't realize that there were two a day going on. two that's the point. >> i want to say thank you. i do thank you because this is something tat will be a huge catastrophe. so we thank you. >> thank you. charles: cybersecurity is a huge threat to sml businesses. but all the obama administration has done so far is released safety guidelines as to how to prevent these attacks are you as apple ceo says the white house
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needs to do more to prect business owners like him. so what exactly should the white house be doing? remark i am not exactly sure. i'm not that smart. but do know that. if they weredoing anything, we probably would he heard about it. because they are trying to put a good face on it. but my issue or my concern is every man and woman and child in the united states of america is in some treaure trove hydrides somewhere, and i know what we have spent in our company day-to-day in terms of people attempting to get in. and i'm eryconcerned that the nsa has not been -- that they and hacks. so what did we learn from that? the nsa only has target but they look at. so now all of us are in their. charles: you have been waving the flag and are somewhat ahead of the curve.
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someone probing your operation on a daily basis? >> two are probing us on a daily basis. one company in particular. >> okay. >> we paid200 per month or unit. so we have 38 nit at $7600 per month to pay a third party to continue to do so. and we also find our o internal security. we have four people in our i.t. department. >> who is the other would be hacked enact. >> ird-party people. both internall as well as externally. sometimes our own peopleget paid two you also have foreign threat. >> yes. >> kind of kicking theires to see if there's any one ability. >> yes, we know about them because of the third parties that are contually scanning
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us. charles: what is at risk here? charles: what is at risk here? >> okay. charles: we hear the news and we hear the storiesnd most people say i shop at target, maye i didn't lose anything. my card was not compromised last year. so what is the big risk we are missing a mack huge risk is the confidence that we have in the them in our gvernment. charles: we as a have consumer, we one day have to move something that we can't get back. >> you're absolutely right. department stores, their pricing shrinkage, we hear that all the time. so it has to be paid for somewhere along the line by the owner. charles: so in addition to prices going up, it's smething so horrific that it shocks us out of not going to your stories and out of not shopping online and put this in sort of a fear mode? >> hopefully you build your brand strong enough that if that
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happens that people will continually go at you. who knows. charlls: you have been ahead of the curve. so far we haven't heard any more storiefrom you and your business. >> i don't think you will either. charles: i really appreciate it. charles: what's better than kate upton? how about three kate upton? the new cover has been revealed that we are here to celebrate. ♪
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and we re talking about these new standards. a lot of people are calling them dranian. and we ave the mileage portion of it. the cost is just unbearable. the average pass through course on the research and development to get tothose standards with $10,000 per vehicle. charles: so if i wanted a ford tru, that isyour 10 grand is for this today? >> yes. absolutely. not to mention the ancillary coststs associated with that. these vehicles are smaller and they wl increase by 50 to 70% dependg on the vehicle. charles:rom what i understand
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with some of the other standards that have been passed, a lot of them have done this technology wise and so they do it by using lighter material imax and i guess. the cost to fi that, it will be a little bit more resistant and they will be prohibited. insurance costs are going about 20 or 25%. >> it's so funny that you say that. charles: that has to be rugged. so fo you, one of the big things is that the real agenda is to get dealer like you to
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sell cars that the american public has rejected? >> yes. a lot of the electric cars that the government pushed on us. but what they don't understand is that part of that is associated with cars nd so we have the chevy impala or the cheaper the for and they are now being incorporated on the eryday cars that went by. >> so where do you stand and haveyou adjust this? they a putting in these sort of very quick things because i think everyone agrees with natural revolution by putting in these artificial timelines area and so have u adjusted? >> the consumer is picking up the end of the tab and i have
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vehicles on the road also because i have a cost associated with us. so then i take in government regulions into account. this vehicles and less money into the economy. charles: if the administration steps back, i would still have been? >> yes it would have been because of the consumers dictate it, let the market dictated enabled to pay what the consumers want. anytime there is government interference i haven't heard anyone saying that it was good for the people. charles: before let you go, is there a yellow flag out there?
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the average car is 12 yearsold. is that kind of faded away? and i guess. stooges have to see this and so you will see that at about 14.5. charles: 14,500 per year cars ld. >> yes. i think so. >> what was the prerecession number -- it was 9 million. charles: so we're not doing too bad? back now. >> it wasabout 10 end the recession was about nine. chles: we appreciate your expertise. it's frustrating for everyone. we are looking at capitalism and it doesn't have to be force or per tentatively expensive you are the zoomer. we appreciate you sharing the best. coming up next, see this smack
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where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. >> there is absolutely no evidenc and every economist will tell you that if there is any job lossrelated to the affordable careact. charles: that is not what the cbo says. kathleen sebelius thing that there's no evidence health cre law will drive employment down. but the cbo saying just the oppite. julie baggnski is here.
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let's start with you what was she doing wrong here? >> if the administration really believes that is not impacting jobs regularly, whydoes this have to testify this and it has nothing to do with reducing the cost of obamacare. if idoesn't affect jobs, why this oath amax 21st and foremost it will reduce job hours. and listen, you can repeat it all you want. >> i read the report. >> they actually disputed this and said that these are people that are going to retire. charles: why did the adnistration talk about people
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working last and they said that this is a good thing that there are fewer people working? it is a good thing. people le mitt romney's advisers talk about it in this allows you to do this and you can retire earlier so charles is not listening to anything that you and i are talking about. >> i'm going to agree wit julie, so help me ouhere. [laughter] >> we heard from many businesses, large businesses, the olive garden, papa john's,
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the list goes on and on. >> i don't know what kind of insane thing that they have deended into. it doesn'tincentivize jobs. but it frees people om havin to work. you are free from having to work. well, through subsidies. okay, that would be the people o still are working and apparently it is okay for them to voluntarily have to support those who want to purs their dreams. so when did this turn into this poverty fast working your way into better circumstances? >> i believe in entrepreneurship. i believe that people should go out there and create jo and have the freedom to go out there and build a new business.
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so i can't do that because i need health care and i'm tied to my dead-end job red i still need to build a business. charles: what percentage of people who decideot to work are honestly going to go out and do this. >> the low single digits? >> it could be a. charles: a grown man, i should pafor his insurance? >> the taxpayers are getting your subsidizing right now. i choose not to have health care. $2200 it is mine and your tax dollars. that's charity care. >> and he in your heart of hearts you think this is a good
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thing? >> yes, i do. charles: let's leave it thhre. you guys are extraordinarily passionate. so not one, not two. but three. sports illustrated swimsuit models are on thr way here now and can you believe i'm getting [ tires screech ] [ car alarm chirps ♪ [ male announc ] we don't juscertify our pre-owned vehics. we inspect, analyze, and recoition each one, until it's nothing short of a genuine certified pre-owned mrcedes-benz for the next new owr. [ car alarm chirps ] hurry in to the mercedes-benz cerfied pre-owned sales event. visit today for exceptional offers. ♪
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bully: give it to him hard. no, no, no, oww. annncer: every day, kids witness bullying... boy: why are yo stabbing me with it? no! announcer: they want to help, but don't know how. no! oww. ohh, you guys... announcer: teach your kids how to be more th a bystander. visit stopbullying.gov. ♪everybody needs a helpin hand♪ ♪take a look at your fellow man♪ ♪and tell me what.. ♪what can i do.. ♪what can i do today? charles: "sports illustrated" swimsuit edition turns 50, it is turning heads, partly because barbie mad i debut, i told you there was a business angle. barbie is not only reason this issue is grabbing headlines, for first time ever three models gracings cover, all 3 with me
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now, ladies, start with you, i saw the video, you thought you were being interviewed. then you found out you made the cover, why so emotional? is this like the pin -- pinnacle of where you could be as a model. >> iaw raw, pure joy. >> it is for all of us, i was at a skype call. it is a great accomplishment. one of the biggest things you could to when you are a swimsuit model, such a legendary magazine, this is a 50th anniversar it is a big deal. charles: christie, i heard you quote, cried like a baby. >> i really sobbed, my eyes filled with water, but no tears, i was shocked, as soon as camera turned off, was on the floor hugging lilly itas very
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emotional, my scarf wasoaking wet when i went home. charles: they it catch you off guard, and the whole thing, let's talk about the shoot, when you go the shoot, it was on cook island off new zealand. >> we all haveur separate days then shoot we shot together was in the afternoon, it was so magil, perfect lighting. the water was crystal clear, we have amazing jay shooting us who we all love, we felt so great and comfortable together, it was effort less. charles: we have the same birthday. >> really? when is your birthday. charles: november 15. >> scorpio. charles: yours. >> november 30. >> that isy son's, really. >> creepy. charles: wha it is. >> what about march 26
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anything? %-something later on.it means listen, we want to talk the business angle. this is from a professional poin will vw we talk aut emotions, you saw the cover, i don't know if you saw it but i heard the cash register ringing, talk about previous cover girl, christie brinkley, wror el mcpherson. and tyra banks, kathy ireland, it was not just beauty, they got involved in different business adventures, are any of you -- i know you are. >>ho would not want to follow in their footsteps. >> it is daunting, the pressure is othey have done so well with thei careers, we would love to become moguls. >> i feel like, si swimsuit brings it out, intelligence,
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successful business women. charles: law talk about cap upton in endorsements alone, audience just -she was the cover girl last year, mercedes, carl's jr., guess, sobrec, directv, and the list goes on and on, so, i am sure endorsements will come in. >> just being in the issue, thing are thrown your way, you get so much from being inside of the issue. i am like oh, my goodness what is going to happen for the next year. charles: a whirl wind. >> a goo year. charles: how do you make your decisions? >> ihink, we're --e have all been models for a long time, you go with your gut, brands that you love and trust, and respect, yo make business decisions. >> it is a natural thing. charles: if i was you, i would say long-term deals, stock
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opti snrs stock options. >> now we're talking. charles: 200years from now, you will thank me, y say where is that guy. okay, now who wants to be a businesswoman? >> all do. >> such a fleetg career sometimes, models, you know expiration date is a lot younger than most other industries, you try to launch into other things, i would love to do something cooking. and designi, there is -- it is go so many different ways, you? >> you just have to go out and do it. charles: make it happen. >> all you have been successful already, and i appreciate it the staff appreciates it those 89,000 people in the hallway appreciate it. thank you. >> thank you. charles: jt in, the economy is picking up, you know what that
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charles: fox business alert, the tter the economy gets, the higher the divorce rates get, divorce in united states up for a third straight year, following a recession where rates were lower, once married couples are on sound financial footing it makes it more comrtle calling it quits, dr. robo ludwig, -- robi ludwig. and diva licious, for a lot of people this sounds disturbing, not such a good news story. >> it is harsh and calculating. charles: you know maybe not the way america used to be. i looked at a chart of back to
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1903, it does seem like there was a time when people mbe they forced it, but they stayed together. >> there is a different mind set. since t '60s even '70s, people' different things out of a pink, personaly -- out of a marriage, they want to feel personaly fulfilled, financially fulfilled, emotionaly fulfied all from one person, people are not willing to jeopardize their personaleapness, as women feel into feeling more security finaially they have the option to divorce and still feel financially secure, that was not true in the past. charles: the pecking order? financial, then emotional, satisfaction? >> i think that we're finding now is that more and more women are able to get job it be out there and earn their own living, not rely on husbands, if they are not happy, they can actually
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take a step a and leave this marriage. so w are -- whether is financial or there are so many aspects to why people divorce, at the end of the day i think it will is about a woman and a man, they have to find their happiness, what makes them feel you know whether this is right for me, life isoo short to live not be happy. >> there are many women, who are earning more than their spouses. during a time where they expected to be supported by a man. so if theyeel their husbands are not pulling their weight financially, not feeling emotionaly -- >> but they don't have to be supported by their men, but it feels like in those households, that you are talking about, maybe there is an inadequacy, and particularly i is brought up, i make more money than you. >> it hard for a man to feel good about himself, even anemas
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cue lynn if he is not living up to expectations of his wife. >> more and more couples are working together trying to me it work. charles: back to idea we should all be so happy, every day of our lives, what about the part we get our fingernails dirty and we go through rough patches? any idea of working through the rough patches any more, as soon as you hit that rough patch, call the divorce lawye >> i have been married 13 years, maiage is like a roller coaster, have you your upsnd downs, anyone that tells their marriage is perfect? charles: legal stuff, same chart i was talking about the low level in 10s, really took off in 1970 when california put through the no-fall divorce, if it was happy hard targe harder to harder to t divorce.
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>> bottom line is we don't know how to be in relationship, we don't really know what lov is or supposed to feel like. people do compare their lives to what they see in the movies, then can make a dision based on whether they are happy or not, i thi we need to kind of tweak our expectations as to what marriage circutance what -- is, who it should feel like, and why it might be important to stick it out. charles: there was a time when we we happy because we ate and had a roof over our head, it w simple, you chopped wood, i cooked food. >> those days are over. >> sometimes if you have too many choices it can be dangerous, you m not make the right choice. charles: 17 years particular, friend years married, your secret. >> our secret to success us is we're real, we have our fight we have our cuts, and cries, but
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we have o laughter and joy, one thing we try to do, i try to make a "date night" -- try to make a "date night" with our other or spouse, to if back to who you were before the children. charles: you would admit, something akin to extra job? >> it is an extra job. it is a whole job, it is a job. you have to figure out how to help each other, be what you want to be i life. if you feel you are with a partner -- >> a partner. >> who is help you create your dreams, that is helpful. charles: that is a beautiful necklace, i did not want to digress too much. >> part of my new line. a vaguablavailable and affordable. >> thank you. years, billions of bucks later, he was warning
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charles: tonight we're rerack could a tape from 5 year ago, a warning back then that the new housing bailout was not worth the cost. >> welcome to big government that just got bigger, about 75 billion bucks bigger, president is broadens rcue by including homeowners who are still current in payments t may not be for long, government is ripping up millions of mortgage contracts, how do you avoidolks for taking advantage of this. government willing to takeover banks that condition lend, and car companies that can't sell carsorcing mortgage providers to provide mortgages for those who condition pay. charles: 5 years later,nd
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billions of dollars later was he right? rhee analysts say, absolutely, jason. >> it has been a failure, a bailout of the banks, and these peopleave basically -- they have modifications did not stick. you had a bailout of the banks, modifications that did not stick, banks are now you know, stick with foreclosure. charles: you say did't stick thateans people were given bett terms, lower monthly payments they still are defaults or foreclosure? >> yes, the modification, just caused prolonged pain, you had foreclosures that came on longer, and harder. charles: you know, what is interesting about that. even with the bait-and-switch of teaser loans, you know where rates were ery low for 6 months to a year then they jacked up, a large percentage of people with
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lower ones, before they jacked up, a foreclosed. in reality it was a actity way, greg, you don't think it was worth the effort? >> no, i think that we actually created more foreclosures than prevented. there was a period of time where the government really of harassings banks. and at the same time wondering why they were not lending. but i know for a fact from seeing, the commentary from government, policy from government, then resulting increasesin foreclosures, there was a clause and effect, it backfired on foreclosure prevention, we did not prevent many. we tamper with housing market, probably. pro long recovery. charles: you know, on that note, prolonging the recovery, inat this time datinn banks --
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intimidating banks. survey of senior loan offices is out, i see where they are getting looser with loan requirements from businesses, but they are getting tougher with homeowners or would be home opener what is that? >> i think this is schizophrenia, the lending industry does not know wn the next shoe is going to drop. it is just turns them upside dunn in knowing how to underwrite mortgages, but market recoved in large part because of cash buyers and cash investors. there were a lot of people who did have many who have a huge amount of fighting in an overall recovery, it is not just about banks lending, this recovery happens because the market corrected. charles: we have chinese inveors in there take us forward. >> it is artificiall ppped up. right now. you have blackstone buying up
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houses. you have foreign investment buying up houses. where is the first te homebuyer? you have 30-year old people living i their parent's hom bedrooms and basements this a market that is not been recovered. you had 5 years, and you -- what are we left with? you have people buy homes with jobs, weeed jobs, plants manufacturing. charles: maybe a real housing recovery, you are fantastic. really appreciate it. >> candy crush, the world is talking about, but next, find out how investors could be the out how investors could be the ones getting [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ ale announcer ] ...office space. yes, we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever.
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public? on if this will be a sweet deal or not for inveetors, jonathan? >> whe you talk about addictive video games, i assumed you were talking about ms pac-man. i was addicted to that. major stock of 80s and 90s midway games. to me that is what cappedy crush circumstance very. the flavor of the month, ifou will, a lot of these social games stock like zinga, and take 2 are at 52-week highs i would avoid this in terms of my pofolio. my. >> last month, cust did over a billion in revenue, what is not to like. >> i don't blame investors are trying to come public right now, strike while it is hot, that iron was hottest in third quarter of 2013, their profit
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ability orbitda peaked in third quarter, my kids played that they have moved on. i think it is fickle. fix. >> the term one tckony comes toind, wevene this movie and this game before. so i agree with you, is this the spark electric cars need? toyota testing wireless charging for electric cars. jonathan, would be enough to charge up sales? >> even if you aregainst o don't wa to buy electric car, you have to be amazed at the innovation, the miracle that all engineers come up with, on dai basis, it i just one of them am one major objec of electric cars, besides as neil points out, you can't fit in them is cumbersome nature of plugging them in and getting that charge. this could beechnology --
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beyond automaker, honda is automaker i would buy right now. charles. a scuttlebutt come into week that apple and tesla have been talking to each other, that would seem that the electric car market would need or at least a spark, is thering and there? not plugging it in makes it more attractive? >> i agree. you just for a fact, apple and tesla did talk. but they talked a year ago, it would not surprise me to sea apple trucks integrated into -- to see apple products integrate into a tesla car, there is a real market niche for the company, but all things come at a price. when the market was punishing tesla stock because there were the fires. well, that was opportunity, but that was below 150, now the stock is over 200 -- we owned it in our growth portfolio we
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sold it today, i think that everything is priced in to the stock right now. charles. we bought it at 120, got out at 15 i thought i was smart, you have more nerve than. >> i nothing wrong with making money. charles: earlier we had an automotive expert that said car is low hanking has peaked a little bit. you think there still room. >> honda is stand out of the buh, tesla is as own entity right now. you are buying a valuation, in my opinion. but look across the group,m, ford, tse are not strong stocks right now, honda is best of the bunch. charles: do you hear that music? night cap, jonathan? >> you have to watch the
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fomc minutes, out at to :00 eastern, there was a time when earnings and new product development and ceo diagram nated the economy,,these days federal reserve. >> paramets, what will move the market? if they hint at we'll reneg on ben bernanke's promise. stock market doos what? >> any hint that taper is off, i think you could see the stock maet move higher, i t indication that the harrow inis back --ero k heroin is back on. >> i agree, watch economic data, you look at fomc minutes, at the housing starts, you look at ppi for any hint that soft patch we're seeing in the economic data is weather related, and
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growth continues, you need to watch tesla earnings tomorrow night, the are grand-daddy of all momentum stos, if they do well, that should keep some valuations lofty, if hey don't you get a halo effect. charle i disagree with jonathan athis ., i think if fed goes back to their decisn they pump the prime to pump it more, i think that street will be disappointed, at this ., i am seeing good news senses market up, bad news send its down, there has to be a . where market trades on good news. >>t is -- not ocean fashion, as long as fed continues to taper, thi market and investors, want the fed to continue to taper, i think they wil only taper if the economy isound and on good footing if that happens, if the economy is good they keep on tapering, overall that a good thing for stocks.
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charles: you are both fantastic, jonathan love you, you one of my 5 rit, i think, biassed will below upside, we'll watch thank you for watching. >> the world is on fire in and nothing youcan do about it. protesters taking paillettes a and stun grenades to the opposition to a similar protest in here the present now has a vocal class in apathy while you are sleeping they are fighting a bter way of life how can they shove through measures le a mandated minimum-wage? $10.10 per hour? why stop there? what do they know? th are all the right to
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