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tv   After the Bell  FOX Business  November 24, 2014 4:00pm-5:01pm EST

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>> one trader says you don't short apple in the fourth quarter. [inaudible] liz: the bells ring on wall street. it is a win for the s&p 500. at 2059. looking at a record. dow not so much. up about seven points. i don't believe you'll have to clarify, but 1,708,000 on the dow. where we have seen consumer discretionary these are the higher end names like coach and michael kors and tiffanies. let's get it started. "after the bell" begins right now. (?) >> we've got a great team in place to round out today's action. michael tuttle tells investors where he
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think, watch out, we're in a bubble. but brian says don't fret. now is a good time to get in the market. three places to park your money. allen, we begin first with you. again great news out of germany this morning. really gave a bounce to our markets as well. >> yeah, we're more consolidating than anything else after the big push last friday. i don't want to hear that bubble word. markets are where they are. we want to take advantage what they have to offer. the fundamentals are still solid. those haven't changed. a little bit of concern we've gone absolutely straight up. there's, you know, support to this for this. every time the market sells off, we find another healthy balance. (?) we did not make new highs in the s&p today. now, we're counting one day it's been since new all-time highs. >> let's bring in matthew tuttle. when i was talking to you before we started, i
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said you seem to be concerned. not immediately, eventually if you have a long-term horizon, you'll lose some money if you're not careful. >> yeah, the year end is lining up to be good for the markets. that could extend into next year and maybe the year after that. so we could see the s&p 500 get to the 2500 and 2700 or so. but then after that, once this all central bank induced bubble bursts, it could get cut in half. liz: cut in half, why? >> that's typically how these things go. we're in a bubble not unlike what we saw in internet stocks in the '90s and housing in 2007. still a lot more great gains to be made, but they don't go up in a straight line forever. >> you think there's some opportunity here. you don't see a bubble, brian? >> no. i think these markets are pretty fairly valued
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at this point. i still see a lot of opportunities. the consumer is actually starting to come back into the marketplace. they spent years building up their cash piles and paying off debt and doing the responsible thing. they've deferred to all this spending. they deferred the stuff they want and need. and now i start to see, you know, kind of a shift i. the consumer will come back in the market during the holiday season when we can really, really use it. >> let's get to what you like at the moment. you've got three names. jetblue, jc penney, i need a big asterisk by that one because it's so, so -- >> bizarre? they keep losing. >> we don't know what's going on with them. they could be down 7 percent tomorrow. we never know. >> to me, that's a story
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stock for sure. they've done a great job on the turne turn around. they're getting to know their customer better. they're making steps in the right direction. at these levels, it's still a very reasonably priced stock. their growth potential is good if they can figure out how to leverage their online sales. they've got things going in the right direction. it will take some time. i think they've got the management and team in place to figure it out and hopefully they do well over the next 12 to 18 months. david: matthew, let me bring you. you like etfs. tell me about this. >> yeah. i mean, we primarily look at kind of etfs to give us exposure to whatever indexes we want to be in. and right now, we're pretty much in the s&p 500 (?) we also like some strategic or smart baiting etfs that might
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wait the s&p 500. because we're near the top of this bull market, you want to be careful with what areas you get into. we've seen a lot of divergences. today notwithstanding. international and emerging markets, we'd be careful with those also. david: you say one of the things to look out for is high yield bonds. people weren't chasing those. >> when you're near the top of these bull markets. you see a lot of these weird divergences. you've seen large cap outperform small caps. then every once in a while, high yield goes out and gets crushed. those are things we wouldn't like to see in a kind of raging bull market. liz: i saw an interesting report that said, now, finally pull the trigger and go into commodity funds. all the commodities, they were mostly down today. although, i'm looking quickly.
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cocoa was higher. everyone wants chocolate. what have we seen there? >> we had another example today of a key reversal, meaning we made new highs in the dollar. looks like we'll close lower. got within five points now it's 50 hire. really basing out. that part of the equation that's been smashing the commodities market. from a risk/reward standpoint. i think some of these commodities, if you can trade limited risk options, i think you'll probably see a slow grind higher. one of those markets we'll talk about is crude oil. crude oil was actually positive last week. it's looking like it's basing out at 75 get back above 80, can easily get to 85 -- liz: do you wait until it hits 80? >> that would be the confirmation. once it busts through 80, weave off to the races. leaning on the 75
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levels, i think in the longer term, price shop potential. a lot of things that could happen in the world that shake up that crude market and get it up to the upside. david: one of yours is jetblue. ebola seems to be behind us. the price of oil and jet fuel can be playing into it. what happens if oil goes back over 80 bucks a barrel. >> i think they're probably fine. they're a low cost provider. really the jetblue story they'll get people back in the seats. people look like they're traveling in the fourth quarter and probably in 2015. ebola is past us in littlthatrealm. they have great opportunities to do things that other airlines are doing like charging for baggage fees. charging for, you know, up services. going forward, they have a lot of good potential. liz: matthew, i don't want you
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to feel like we're beating you up over bubbles. but i'm interested in a conservative look, it is true, have seen a very nice bull market since 2009. so what would you recommend putting money into if people fall on your side of the argument that we could start to see a pull back here? >> qulwe're tactical investors. we'll react to the market, not predict it. i have no problem with you being fully invested. you have to have your head on a swivel and watch out for when these divergences get worst. when these corrections get worst. you have to look at the signals. the market will warn you when it's time to get out. liz: we've got another record for the s&p and the dow jones industrial on the close today. matthew tuttle, brian, allen. great to have all of you. thank you. oil prices we were talking about this, still at multi year
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lows. gasoline prices at the lowest level since 2010. but how long will that last? we will actually get you some answers on that from the former us shell oil president. david: also, this is being called the world's most significant malware targeting countries around the world. is the united states safe? we'll tell you just ahead. >> black friday not the best day for deals. you need to hear that. imports at the seattle port slowing to a crawl. and which of these stocks could rally 30 percent? that and much more. take a guess right now, but you'll find out with our panel straight ahead.
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liz: okay. grand jury has come to its decision on whether or not to indict the officer involved in the shooting of an african-american teenager, michael brown back in august. liz: steve is live in clayton missouri right now.
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steve. >> that announcement about the grand jury's decision could come any time in the next few hours. been confirmed by several sources. now reports that the governor of missouri is in ferguson. he was eating in a burger shop. small local business in ferguson. of course, a lot of the local businesses have decided to close up and board down. some of them still open. some tension here in the area after protests in august turned violent with a very heavy response by law enforcement authorities. questions now as to what could be the response on the street after this announcement. the grand jury of 12, of course, considering whether or not to indict officer darren wilson and on what charges to indict him. ranging from first degree murder to involunteer manslaughter. to indictment at all. real questions. tense atmosphere as people wait to see what will happen with this gran jury decision. liz: it is home to 568
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businesses. >> we have other reports there. so we appreciate it, steve. thank you. liz: thank you very much. red box owner posting big games. closing up more than 12 percent. good story here. >> back to nicole petallides on the floor of new york stock exchange. >> raising prices. they say this will give them the ability to stock more title and see expand their categories. here's a look at -- they said red box, under their umbrella starting december 2nd would raise the rental price of dvds to 150 from 1.20. and last, bu last, but not leas, video games, you'll have to pay more as well. going to $3 from $2. that begins on january 6. with this price increase, that will allow them to stock more titles. you can see the stock really reacted today up
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12 percent. >> thank you. those are the boxes on the outer walls of grocery stores. david: when you grab something -- liz: exactly. see. david: you do your shopping is what you're trying to say. liz: oil prices slid again today. this comes just days ahead of the highly anticipated thursday opec meeting. david: but an important question, how long will low prices last and will opec make a move that pushes prices higher? with us the former shell president ceo john hoffmeister. thank you for joining us. a lot of people seem to think that oil prices will continue to go down. you believe this is temporary. in the first quarter next year. we'll see them back above $80. >> i think we'll see prices bottom up right about now. we won't see much lower. maybe 72, 71. who knows.
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but the forces that come into play, regardless of opec, once you start reducing capital spending in the oil patch in the u.s. you will see production increases stop. and then you'll see a gradual decline in the u.s. that's enough to correct what is today a slight global surplus. not a huge surplus around the globe. we still need 92 barrels a day to get through the day. i don't think opec will really do much on thursday except for disagree with each other. there may be a symbolic reduction, but why would the saudis want to reduce their production to benefit the venezuelaians or iranians? i don'ts that happening. liz: they won't. but iranians are saying let's reduce by a million barrels a day. they want to see the price go up. they're kind of disastrous they don't have refining capacity.
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what is the catalyst beyond a major cold snap or, once again, the polar vortex we saw last year. beyond that, what will get these prices anywhere above $80. >> i think if it's as predicted in the u.s. about 200 rigs shut down if we keep in the 70s. we'll see 200 rigs disappear in the third quarter. they're already starting a few shutdowns. that's enough to push it into the 80s. the declines in the oil field, liz, this is what people forget. an oil field continuously declines unless you continue to drill. once you slow down the drilling, the declines accelerate, and that's going to eliminate the surplus that's out there. david: you keep mentioning the 80s for the barrels of price of oil. we haven't seen production in the united states at the levels of -- we're almost 9 million barrels a day
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since the 1980s. the big question is, how long will we enjoy gasoline prices below three bucks a gallon. is that a sustainable level to keep gasoline prices where they are at 80. >> no. we'll actually push back into the 90s by summertime in my opinion. i could be wrong, but we could push back in the 90s by summer. (?) i think we'll joy low enjoy on low oil prices. then we'll start to see -- unless the global recovery disappears. if there is no improvements in china, improvements in japan, improvements in europe, they could stick around for a longer period of time. >> okay. then in the end, i need to bring up what you have recently talked about on the program, specifically, the alternatives that are out there.
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we know natural gas is what people are looking at. we had jeff flock display a car powered by hydrogen. which one takes the lead? is it the teslas of the world with the batteries. bmw doing the same thing. >> you're in one of my favorite subjects, how the economy grows even further and faster in the u.s. displacing oil with natural gas and also introducing hydrogen fuel cells and battery cars, americans love the travel experience. and what they haven't had is choice. now we're introducing choice to the american people. it's going to be like the telephony industry. the mobility industry. choice at the pump, with alcohol fuels, ethanol, methanol, $2 a gallon. hydrogen fuel cells, electric. will be a great time. that whole infrastructure will be
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put together with private investment money. and the oil companies aren't going to complain too loudly because they'll produce the natural gas and they'll produce the hydrogen. liz: i like your enthusiasm on that. we know some of the biggest oil companies are going into alternatives too. john hoffmeister. after the bell wants to hear from you. do you want to know about a guest? the real dirt about david asman? a topic you want to discuss or just a comment. tweet us or like us on facebook. today, we want to know what's at the top of your holiday list. we'll have some of your answers coming up. it may give us an idea of which stock we should invest in. david: the dirt on david asman man. it being called the most advancing spyware being used. how at risk is the united states? >> black friday just days away. is that really the day,
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the best day to get the best holiday bargains? guess what, you know the answer. no. david: and college tuition on the rise with more than 50 schools now costing north of 60,000 bucks. liz: a year? david: but you get room and board and a light in the basement. we'll have more
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david: time for a look at today's market drivers. the dow and s&p closed at all-time highs. it's the 29th record close of the year for the dow and the 46th for the s&p. natural gas dropped further into the red. prices dropped nearly 3 percent on forecast weather in the us will be milder than usual in the next two weeks. tell that to the people in buffalo. the euro rebounded from a 28 month low. the euro hit an a high of $1.29.
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>> less than 100 hours before black friday, consumers and retailers gearing up for that big movement. is black friday worth the hype? is it really the best day for bargains? we bring in the panel. kmele foster from fox business "the independents." remain enjames, and jared levy. chief risk manager. (?) you know, this morning we were discussing should we have a banner that says black friday is bs. so we called it the big lie. i don't know, jared. is it? i started finding great deals a week ago. >> i did too. and, liz, i'm the complete unnecessary shopper. i love to shop. it's a sickness i have. part of what i've been seeing, get black friday early. i was in best buy, i was able to buy a washer and dryer at great prices. best buy is doing stuff
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in the store. yes, the best deals are where are before black friday. liz: searcher saying that the better days were last sunday or this coming wednesday? foster: apparently, i missed the best deal. but i do most of my shopping online like most reasonable and sane people. it doesn't matter if it's black friday or black monday. (?) i'm shopping online. i've already sort of knocked out most of my holiday shopping. liz: stores opening early on thanksgiving day even. foster: yeah. liz: i think kmart takes the cake here. it's opening at 6:00 a.m. then jc penney 5:00 a.m. this is stores opening early. macy's 6:00 p.m. target 6:00. i think this is nuts. here are the things not to buy on black friday. winter gear and ski
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gear. that is not on sale. don't do luxury items. everyone wants to buy them. is there a play here? >> i agree with your previous guest. you do shopping online. you get great deals. google has made the landscape completely transparent, and you can get great prices year around. you don't have to go out on black friday. liz: here may be the real issue. it has everything to do with whether we'll be able to buy it. the west coast shut down threatening the holiday shopping season. the ports on the west coast that unload the containers off the big ships that come in from asia and everywhere else. those dockworkers have not had a contract since july. kmele, this has become serious. there can be an all-out shut down. the time is the dockworkers. foster: yeah, and unfortunately though, some of this has been
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taking place for a number of weeks. some manufacturers have been able to pivot and do some air travel. some of those bigger goods. video game contractors who expect consuls from asia. liz: how bad can this get? are you looking at this? >> it's happened before, liz. and it has been minimal in terms of its impact. certain items, yes, they'll be in short supply. overall, it has not had a major impact on the selling season. much more impactful this holiday selling season is the dramatic decline in the price of gasoline, which has really helped the low wage earner. liz: i had a twitter follower who said just buy made in the usa and you don't have to worry about goods coming from overseas. when you look at basically the order as-needed trend because we've gotten technologically so up to speed, this has become a
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problem. >> that's the thing. (?) the economy as we know is sort of tight. that's the way businesses are making the most money. order as-needed. here's the thing four out of ten of the us ports are based on the west coast. they're pivoting around to places like florida, places like houston. by the way, fedex if you're looking for a play here. fedex in terms of international movement could gain some additional business this quarter. that might be the stock players way to benefit. liz: all i want for christmas is a tesla under the tree. right? tesla may be teaming with luxury, but will it boost its stock? is it set to rally 30 percent. >> craving deep dish pizza from chicago or bagels from new york or maryland crab cake. we'll talk to the ceo of a company that lets you have the best food from around the country including papaya without having to go look at will it the world's most
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advanced spyware. how big of a threat is it to the united states? speaking to cyber security, the ceo from overstock.com shares his thought where why using a credit card at a bar is more dangerous than shopping online ♪
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liz: we've been asking you on
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social media what's at the top of your holiday wish list? dow 20,000 in 2015 that in addition to elections having consequences, they also bring good things. i'm with you, mike. join the conversation. we'd love to know what's at the top of your wish list. more of your answers later in the show. it's being billed as the world's most advanced cyber -- >> just where was this malware developed and how at risk are you as companies? jolene joins us. what are the answers? >> is he manhattan i can is calling it reagan and probably ran by a western agency. in a new report, it's targeting like you said russia and saudi arabian agencies. also found in mexico, ireland, the united states has no reported infections.
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it's been linked to the us and the united kingdom and may have been stealing information since 2008. it may have similar, but advanced capabilities than the worm developed by us people back in 2010 that targeted the iranian nuclear program. the attacks have been systematic spying campaigns convention a range of international targets that include individual citizens, governments, businesses, and educational institutions. so a very broad range of people here. so the nsa is not commenting right now on the matter, but let's take i look at some of the cyber security firms that have been trading and how they've been impacted. fire eye, proof point, those have jumped. semantic and splunk all of them are up. some of them almost 2 percent. liz, adam. >> thank you very much. liz: tesla may team up with bmw.
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they're teaming up on things like batteries and chargers. could this collaboration drive tesla's sales higher. jeff, (?) you know, what's good for the gander could be good for the geese. i put a twist on that. tesla is smart. yes, bmw may have the ithree and other cars, but if you help each other out, other people have better cars. >> i agree with that. the dealers hate them because they have 18 moving parts, whereas your car and my car has 2,000 moving parts. (?) they don't break. on this recent trip to europe, i saw a tesla taxi cab in paris and they're putting up a tesla showroom in geneva. tesla is the car of choice for the affluent in geneva right now. liz: does it work? teaming up with your competitor? >> here's the way you need to think about,
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they are creating the fuel source, i'm talking about the batteries, charging infrastructure, if there's more collaboration between the electronic vehicle creators and they create infrastructure, they put some serious pressure on big oil. these guys are essentially becoming the exxon. bmw, tesla, becoming the exxon, if you will, of battery power. i think it's smart. tell utesla is the winner in the end. they'll have the standard system to charge the cars we drive. liz: maybe if the price comes down on these must-have certain cars -- the leaf is really affordable. i know someone who drives the chevy volt. he gets 900 miles to the -- it's amazing -- on a single charge. why is everyone battling about this acting like it's horrible? if the tesla becomes a
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30,000-dollar car, all bets are off? >> we've seen this before. auto manufacturers working together using the same platform in order to do things. there have been whispers of them collaborating. this is something that may happen and certainly can help consumers. liz: we know barrens comes out they have a barrens bounce. they name a company that will do well. it's chip intel. it could rally more than 30 percent over the next two years. kmele, do you believe it? foster: potentially. the one issue with intel, they've been slow to move into the mobile space. they have to give away money to compete in this space. people are using custom chips or using smaller manufacturers. intel has certainly seen some gains. that's people kind of going with the known
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commodity. intel's best days i don't know if they're behind them, but they're traditionally a pc manufacturer. liz: they have switched a big turn, jared, into tablets. they went from just a couple of years ago producing 2 million chips to tablets to now 40 million this year. no doubt they will hit that target. brian said he will hit. but mobile in and of itself is losing money due to rebates. does that prediction of intel doing well become true? (?) >> mobile has been hot for several years. it's taken intel four years to get $2 earnings per year to its current place. to get 13, 14 percent, that's a long time. how are they going to speed that up? i love intel here. i think it's doable. i don't know about $48 in the next eight years. liz: our holdings.
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you could argue enviedian. do you like something better than intel? >> my fundamental analyst has downgraded intel to an underperform. he doesn't think it will go 30 percent in the next 34 months. the pc business will not be all that great. fact they're building chips for other companies will impact margins. they're late to the game in mobile. the only way you could get a decent move if thethey gave up on mobile. it would help them in the long run. liz: watch out for the data server business. a 14 billion-dollar business. they're beating everybody. great to see all you guys. kmele foster, jared levy. talking about so much. adam, you take it away. do you have a hangerring for some fresh lobster? don't pack your bags. we'll talk to the ceo of a company that will let you order the best of the best from cities across the country.
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and one major ceo tells us why. this year will one of the best years for small businesses. first, this from last night's giants game. o'dell making a play that was called one of the best plays in history. >> and manning is going to -- he won. oh, it was a flag. back ham one handed catch. i mean, he is insane. how do you make that catch?
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>> an online gourmet food market is taking on the 88 million gourmet food industry. do you crave some of new york city's cats deli sandwiches. austin would love one right now. but you live in la, which austin doesn't. how about a maine lobster sandwich. liz: joining us now joe. he's gold belly.com cofounder and ceo. starry triple berry pies by l's bakery. they look so good.
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sold out. how did this come to pass? everyone has their favorite regional best place they love to go to. >> i'm actually from new york originally. i went to college at vanderbilt in nashville, tennessee. i was exposed to foods i didn't even know existed or could be that good. buttermilk biscuits. pecan pie. i was the ceo of delivery.com based here in new york. i felt so limited because i couldn't have things i craved and loved. i realized, you know what, for a lot of people like me, if you want a food experience and the best of in a certain category, even living in the new york city, you're limited. so why not take out the geographic barrier and allow food delivery to exist with no geographic limitation. that is our plan. >> it's a great plan. then the great cost of this. i know liz is wishing she could have a corn beef sandwich.
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but you have some from pittsburgh. if you go to pittsburgh, you get one of these sandwiches, it's about $14. to get it overnight, it's going to set you back 100 bucks. >> certain things are food experiences. if you're organized from ant burgers from pittsburgh, you're getting people together, at the end of the day, the shipping cost is a little challenging. liz: cats del can a tess an, birthday cake. that's new york city. forty-four dollars. this caught my eye. pumpkin pie. fifty-nine bucks. it looks so good. fifty bucks for a pie. but it's overnighted because it has to be refrigeratorred. >> a lot of these items get to you quickly. the items that have to be frozen, more expensive. for items like cake, it doesn't have to go that
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fast, it's pretty much the same price as it is in the store. >> as you sign up restaurants, some of the huge restaurants like eli's you can get it from them already. they have to be eager to be able to expand their business through a service like yours. >> there are 1 million restaurants in the country. 700,000 of those are mom mom and pop units. they take great pride in baking their pumpkin pie, fresh, would love to have an e-commerce business to get to people all across the country. at the end of the day, technologically they're not going to know how to build a website properly. if they can outsource that, they have an e-commerce business that's revolutionizing business. liz: we showed pump kapal pie
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cake. sold off at 300 bucks. i'm telling you, if it's sold out, that's unbelievable. wow. >> part of this, what we do, we discover these unique interesting items -- liz: where is three brothers. >> houston, texas. basically an apple pie, pumpkin pie, baked in one cake. three pies, three cakes. it's sold out. you could order a sliver of it for a more affordable price. we're discovering these unique food finds that are specific. we're just local back in the day, we're breaking down that barrier. especially with our app. where now from your cell phone you can order food anywhere any time wherever you are in the country, that is our mission. liz: you're actually helping small businesses. have a different reach. a much longer arm across the nation and elsewhere. do you ship internationally? >> we don't yet. so many of these
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restaurants have lines out the door. every table is filled. they use open table for table reservations. their biggest potential area for expansion is e-commerce. liz: gold bely.com. i want the pump kapal pie cake. we have developing news on ferguson. a decision, as you know, because we've been reporting has been reached in the ferguson, missouri, case sometime after 6:00 p.m. eastern. we should know whether the grand jury's decision to indict a police officer in the shooting death of a teenager is yes or no. and, of course, fox business will carry that the second it comes out. we turn to college tuitions. they just keep climbing. up next, the top five most expensive colleges in the country. >> plus, as we begin the shortened week of
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trading, we're going back to bring back jeff out to tell you what one of the top things this week that will move your money. ♪
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>> it released its list for the most expensive colleges in america. prices include tuition and board and, of course, the other fees. here are the top five. drum roll. claremont, in
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california. $62,000 a year. the university of chicago which costs 62,458 bucks. columbia university in new york city. number three. 63,404. again, number two was harvey -- harvey mud was on star trek. $64,000. extra credit if you can name the star trek episode. number one coming in at 65,400 and $80. makes cornell university sound like a bargain. $44,000 a year. remember, knowledge is good. liz: try berkeley, anywhere. a busy day on fox business. hear some of the highlights. start with patrick byrne telling us why you shouldn't be too concerned with shopping online. >> we have far more risk using your credit card
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in a bar and somebody pulling the receipt out from the trash can and getting your number than you do through an https secure. you look for that s at the end of that https. that means you're on a secure page. they basically have to be the nsa or somebody to crack that. they get it from sloppy like in the case of some of these other retailers that got hacked. they had vendors who got sloppy. who they let have access to their computers. >> what really seems this year could be a very, very big year for small businesses, we believe. just lots of positive signs. they have more access to capital than certainly any time since the recession. consumer confidence is higher than since the beginning of 2008. and we really believe american consumers are now thinking hard about shopping small because they understand that when you support local businesses, it's great for the local community. so we think this will be the biggest day yet. the help of the business
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economy is better than it's been since before the recession. >> you can watch these on foxbusiness.com. liz: we've been asking you what's on the top of your holiday wish list. todd is telling us, i want to know when the fed is going to go home. i would love to see the economy stand on its own without the money drug. >> elena said the tesla that comes out in 2015. liz: i'm with you. we bring back jeff. chief investment strategist. jeff, what do we watch for? >> this week, i think you watch the opec meeting on turkey day. it's going to be a big deal in terms of the energy prices near term which will swing the markets near term. i think opec will have to cut production between eight and 10 percent to be impactful. anything less than that will be nonimpactful. we think oil prices are in the process of bottoming. i've been saying that for the past couple of weeks. our fundamental energy team which is as good as
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it gets need t came out with a bottom in gas. liz: great to see you. >> "the willis report" is next. liz: thank you so much for joining us. see you tomorrow. gerri: hello, everyone. i'm gerri willis. we begin with breaking news. short time away from an official announcement from prosecutors in the ferguson, missouri, shooting case. now, the grand jury has reached a decision on whether or not to indict officer wilson in the shooting death of michael brown. we're still waiting for the announcement. legal analyst, lisa. ninety-seven days since the grand jury convened. tell us exactly what the grand jury is deciding. >> the grand jury is the most secretive sort of organ in the law enforcement world. they're literal in a room.

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