outrage spreads as retailers open early "on" thanksgiving. in today's cover story.... twitter makes its stock market debut today. will it create a following in the public market? plus...why the wealthy expect the best but are preparing for the worst. and... is thor in store for a powerful opening at the box office this weekend. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! it's thursday, november 7th. i'm angela miles. in today's first look: twitter ipo day! the stock priced in last night at $26. in market action yesterday--- the dow hit a new

record. the blue chips rallied 129 points, the nasdaq fell 8 , as the s& p gained 7, gold moved up $10 dollars.and oil up $1.45.. oil price fixing allegations are coming from 4 traders, they reportedly filed a lawsuit claiming oil companies and trading firms fixed brent crude oil prices. company reps declined commenting. and, it's 'the end" for blockbuster's retail and mail order services in january. franchises, licensed stores and streaming services will continue. blockbuster has struggled to compete against red box and netflix. todd horwitz of average joe options joins us now and we want to talk about that record run in the stock market with you, but i know you're a doomer and gloomer so are you buying into this rally? > > good morning angie, you know if i could sing i would sing up and away my beautiful balloon because i think this is a bubble and if we take a look

at the russell-- the russell let us up and the russell was down quite a bit yesterday. > > so what does was that mean? > > well you know the small caps and the nasdaq typically lead the market and then the rest usually catches up. so right now we're seeing a lot of weakness in the russell after last wednesday's key reversal and minor weakness in the nasdaq. that's just an indication that maybe were approaching some sort of a tie up here. but again i am not going to fight it-- i'm not buying in but i'm not selling it yet. > > the market will have to digest news coming in from the ecb today. what do you think that will mean for the dollar and gold and some of the big commodities? > > well i think you're going to see gold is kind of stuck-- i think gold is really waiting for friday to hear what the jobs number is, but i think the dollar you've seen has been slightly weaker-- getting a little bit of a bounce but you're going to see draghi stays the same course he stayed-- they're trying to weaken the euro. they don't like that the euro was that strong because they want the same thing we want: they want to be able to export and increase their gdp.

> > today marks the debut of twitter. is this a good market to be an ipo? > > well certainly it's a great market for an ipo. if we look at october's ipos we had 28 tech ipos all performed really well. my question always is is is oversubscribed by goldman sacks? will it really perform? they still don't make amy money so it's always a problem we hear the new economy-old economy and i'm sure it will be exciting, and sure it will have a spike up and we'll see where it goes from there. > > thank you for your thoughts today. > > thank you. halloween was a week ago but today investors are hoping there isn't one more trick left in twitter's bag of tweets. the company goes public today--- pricing in last night at $26 a share. our cover story looks at who's in and who's hanging back to see what's being handed out. twitter goes public today at $26 per share--the latest social media site to sell investors on the concept that devices used for social interaction create a built-in audience for ads. i do expect a spike initially. look at potbelly's--it doubled. so i think there's a lot of interest but it's from a company that has yet to turn a profit. ramelli says while ad agency

buys of twitter have been cautious, others say the advertising potential could be huge. for comparison, they use the super bowl. more than 108- million people watched the last one. twitter's monthly users total 230-million....73% of the u.s. population. twitter has a unique product but it has yet to figure out exactly how to monetize that. i'd be concerned about that as an investor looking to see how the long-term potential goes. retail investors are divided on how soon and how much to commit. i would definitely buy it. it's a growing app. it's the future facebook. i don't know that people are going to tolerate the commercialization of it. if they see ads, they'll go to the next thing that doesn't have ads attached to it. i suppose there's some future in that. i mean, look at what google's

done, but i just don't see it. some look for the stock to gain in the secondary market, next week. twitter could raise two billion dollars in its ipo. facebook's ipo last year, raised eight times that amount. the u.s. government is coming out with a new way for investors to potentially make money in the bond market. next year, the government will sell treasury securities with a "variable" interest rate. the offering will happen january 29th with auctions around $10 billion once a month. the securities will have 2 year maturity. and because its variable the rates will swing up and down. this marks the

first new treasury security in 17 years. nearly two years since mf global imploded-- a federal bankrtupcy judge has approved a plan to return $1.6 billion dollars to mf global customers.the firm went bankrupt in 2011 and improperly transfered customer money to its own banks and clearing housings. many mf global customers saw their life savings disappear during the firm's final days. the judge approved a plan that will give restitution to 20-thousand people thru mf's incorporated general estate. jon corzine who resigned as ceo-- was charged in connection with the bankruptcy. investors in retail stocks are doing some major buying and selling. investors bought into ralph lauren yesterday sending the stock 5% higher. the luxury retailers earnings topped estimates and th raise the low end of revenue for the year. shares of abercrombie & fitch fell more than 13% in trading yesterday as investors yanked money out following disappointing sales numbers and a weak holiday outlook. the management admits the company has lost its cool factor with teens.

holiday shoppers are "not" gobbling up the idea of shopping "on" thanksgiving day. this week staples and kmart revealed breakout plans to open stores at 6 am "on" the holiday. i think that's excessive. imagine the employees who've got to be there all day. it's a family holiday. i'm sure there are a lot of people who want to go shop but i'd like to hope that some would rather visit with their family than go shopping for a deal. consumers have launched an online petition, pleging not to shop on thanksgiving. kmart is responding to negative feedback, saying it will schedule volunteers to work when possible. retailers macys, jc penney and toy's r us are also upping the game by opening stores later on thanksiving. kmart is the only retailer

pulling an all nighter. some of it is publicity. kmart needs to create attention because it is less and less relevant every day. at the end of last year, kmart's same store sales were off nearly four-percent from the previous year. tuesday's elections are touted as giving momentum to the national campaign to raise the miniumum wage to $15 per hour. voters in new jersey voted overwhelmingly to raise that state's minimum wage to $8.25. in washington state, a measure upping the rate in the seattle tacoma area to $15 per hour is expected to pass --although votes are still being counted. new jersey joins new york, connecticut and california --in wage hikes.. the election results follow months of protests on the hot topic. despite glitches on the web, delay of the affordable care act is not an option. thats according to health and human services secretary kathleen sebelius. sebelius was back on capitol

hill yesterday to hear what lawmakers on the senate finance committee had to say regarding the shaky rollout of the federal health exchanges. from where i sit, things don't' seem to going smoothly at all. in fact, i think we would all agree that thusfar the implementation of the so-called affordable care act has been an absolute debacle. sebelius says she will not delay the health care act, despite problems with the sites and, calls the technical problems 'fixable." it's unacceptable. i am focused on fixing it and i am accountable. sebilius notes uninsured americans have plenty of time to sign up for plans before the december 15th deadline, to have coverage begin january first. currently, contractors aim to have the website fixed by november 30th. starbucks plans to hire 10- thousand veterans and active- duty spouses within the next 5 years. ceo howard schultz made the announcement along with former secretary of defense, and current starbucks board member, robert gates. the drawdown of troops in afghanistan means more than a million people will be transitioning into civilian life. ceo howard schultz says the program is not charity but rather "just good business"

starting with a list of 40 names, microsoft has reportedly whittled it down to five possible contenders for its open ceo slot. according to reuters, the finalists include current ford motors ceo, alan mulally and former nokia chief stephen elop. microsoft says it has at least three internal candidates being considered, also. the world's largest software maker says it'll take a few more months before a decision is reached. apple is adding new suppliers to meet demand. the tech company is expanding its current list of manufacturers to boost production on its new lineup of smartphones and tablets. the suppliers based in asia include taiwan company wistron that will make the newer lower cost iphone 5c. analysts view it as a competitive move against rivals samsung and others. amazon is offering deals to independent book sellers to entice vendors to sell its kindle e-reader. independent book stores will get a 10% cut

of the price for all digital books sold for two years and amazon will also give a discount on purchases of its kindles bound for resale. amazon calls the program "amazon source" in a curious manuever-- a four-story something is being erected in the middle of the san francisco bay--and we finally know what it is.. google tell reporters it's an interactive space where people can learn about new technology. google has been able to avoid revealing what its constructing on the water--because barges don't need building permits. automakers are going above and beyond the wheel. the sema auto show is on a roll in las vegas where concept cars from major automakers on display. among notable models: cars made out of lightweight materials for better fuel efficiency. revamped electric engines that have the power of a porshe or ferrari. and ....new technology that applies the breaks for you, if it senses something unexpected in your path.

still to come: will a comic book classic bring audiences to the big screen this weekend? plus...it turns out "having it all" does not ease investment fears. and, how to invest in china according to .a native of the east-- turned wall street ceo. bill moller has her story and more after the break.

and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life.

the percentage of people who think china is going to take over the world. anyone? well a pew poll found, in some countries more than half the people think that. for june hang li growing up in shanghi, nothing less than excellence in her studies would satisfy her demanding father. and then-- this brainy, focused driven young woman came to america. here she excelled in the world of finance - and now runs her own equity research firm. her most interesting perspective on chinese hegemony is woven into her book, tiger woman on wall street: june heng li, you know well both of these economies & systems of education. is china something to fear or invest in? > > i think china is vastly complex. it essentially it is still a command-based economy with free market instruments and that can to be forgotten when american investors look at china and i think that over the past 30 years it has transformed so much and the current growth model which is primarily driven by capex and infrastructure has hit a wall. so we have to

transition very fast from the old economy to the more value and service economy and so far i am not seeing this happening yet. > > very briefly should investors be cautious then? a lot of people say, i want to be in emerging markets in my portfolio and china's got all this growth. i'm going to put my money there... > > there are different ways of investing in china. you can invest in chinese companies and you run into the problem of corporate governance especially the lack of protection to the minority shareholders which as pretty much all american investors are-- one way to circumvent that is probably look at multinationals with exposure and material and increasing exposure to china. hypothetically there may consumer products company based in the u.s. such as starbucks such as apple have that characteristic. > > very briefly tell us in a few seconds about the main

selling features of your book. > > most of the books on china right now in the market are written by western journalists and i am a child-born china- raised businesswoman doing business in the u.s. and the book took a bottom-up approach we focused on companies specifically for analysis and then i connect the dots and piece together stories and all this information gave me a sense of where the chinese economy is today and where it is heading towards. so it's very different from most books that top that approach. > > junheng li, thanks so much. > > thank you. bill, it turns out "wealthy" investors fear a stock market meltdown. a new survey by citi private bank shows, among high net worth families... 2/3rds believe the stock market will rise at least 10% next year. and yet, they have stashed 40% of savings in cash and only 25% in stocks. the rest is in bonds, commodities, real estate and other alternative

investments. a citibank strategist says even the ultra wealthy were scarred by the 2008 market collapse. coming up... is the new film "thor" a bore? our film critic turns the spotlight on the new movie from marvel. and, driven to distraction. did yesterday's sell off in tesla go too far into overdrive? stay with us. i wanted to be in the military since i was a kid.

i served in the united states air force. i served a total of 16 years. i was deployed 13 times. on my second deployment four bombs hit my vehicle. and at 19 years old, that was the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i would wake up in middle of the night sweats. i started drinking a lot. i felt worthless. i guess i never recognized it in myself. eventually, one day i just walked into the

va hospital and said i'd like to see somebody. don't suffer alone. you've got to find that link with somebody that will make you let it go. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families.

the new film thor is turning into a blockbuster... overseas but will it be a hit in the u.s.? eric childress our movie guy is here and what do you think? will this film rule the box office? > > oh it most certainly will. it's going to rule this week and it's going to rule next weekend-- basically nothing opens-- projections are in the mid-90s this weekend. it's definitely going to get that sort of avengers bump that we saw with iron man 3 got earlier

this year which is the no. 1 movie of the year. this will easily be in the top 10. > > is it worth the 9 $10? > > absolutely not. absolutely not-- the marvel films-- i've counted 30 marvel films have come on over the years and this is definitely in the bottom third of that. > > what's wrong with it? > > it has no real momentum to it-- the first hour i was completely bored with the story-- it doesn't really have much of a story. it doesn't really advance the characters at all which you think you'd might get after the avengers-- you know even to take on a pure adventure story-level-- it doesn't do much there. it doesn't spring to life until his brother loki-- played by tom hiddleston-- takes over for a little bit during the middle, but even though it's a real bore. it's a real disappointment. > > well nonetheless it is coming out this weekend at the box office. this film will be joined by about time and 12 years a slave which will be expanded on the silver screen this weekend, so let's talk about time. you saw this film, you say it's a little confusing or not impressive... what do you think? > > it's a weird film to sit through. the film sort of has

this sort of time travel element... this mix of a romantic comedy done by richard curtis who did love actually and four weddings and a funeral-- he wrote those movies. > > good films. > > very good films. it's not a bad film it's just a film that's going-- you have to sort of get up your expectations for what you're going to be sitting through because it's a very sort of just a film that has a momentum that sort of everyday life. time travel's sort of incidental with in the film. so it made a million dollars on like 175 screens last week. i don't think you're going to see it hit the double digits this weekend. i don't think the demand is out there for it. > > i think maybe the just wasn't enough action for you. > > well it's better than thor. > > you love your action. all right let's talk about what happened at the box office over the weekend. ender's game coming in at number one. with 27 million you called that... a bad grandpa-- you still love that film at 20 million > > it's not that good. > > there's some ridiculousness to it... last vegas at 16

million just did not do well they're not loving it. and free birds at 15 million-- that one kind of hurt. > > yeah i don't think the advertising was very well so that one can failed. > > so the film is better than the ads? > > i haven't seen free birds yet, but i think to not get an animated film at this time of year to hit a no. 1 spot is really disappointing. so that's on the studio. > > and then gravity which i think is worth the watch. > > yeah one of the best films of the year-- absolutely. > > i enjoyed it. well it's getting cold out there so i think it's time to head to the movies so hopefully some good films will becoming out. > > yeah absolutely. > > eric, it's always a pleasure thank you. > > thank you. just ahead-- the tesla tumble. the stock hit a serious speed bump yesterday. will it recover today? chart talk is next.

as the stock was tumbling so quickly yesterday it actually tripped circuit breaker-- joining us now is matt cavanaugh of cmz trading. good morning. is there hope for that stock today? > > yeah i think there is hope. you know this is one of those stocks there's been a lot of interest in. it's had a huge move to the upside before the number came out, it was up over 400% for the year and i think it's just a little bit of profit taking, but definitely one of those stocks that there's gonna be volatility-- it's going to continue to be volatile. so something to watch, but i think for the long-term: definitely hope. > > what's your buy level? > > well the next support i see for this stock is 130. i think it's possible it could get down

there, but this is one of those things where all bets are off. it's a stock that people are really passionate about and it could go up to 200 or it could go back down to 100. the company's a game changer, but the stock is something to watch i would say. > > also to be watch today: the gdp number coming out. what's your expectations matt? > > well i think that expectations have really come down a lot for this number. anything above 2% will probably be pretty good and you'll see the market rally. so really just everyone is going to be watching how big of an effect the government's slowdown had-- what kind of resiliency the economy has shown. so watch that. i think anything over two and i think we rally. > > matt, we will. thank you for your time. > >thank you. we are running out of time for today.. coming up tomorrow.. it's traders unplugged. find out what the guys have to say about comments this week from the next owner of the york stock exchange that small time investors aregetting ripped off! humm.... thanks for watching our show. from all of us at first business.. have a great thursday!

>> now, a paid presentation for the amazing new sheer cover studio mineral makeup, giving you radiant, flawless-looking skin in seconds. hosted by brooke burke-charvet, with special appearances by stars of "csi: miami," "scrubs" and "hall pass," "the young and the restless," and "the bachelorette." brought to you by guthy renker. imagine if you could make any flaw on your skin instantly disappear. what if you could have that beautiful, air-brushed glow that the celebrities have? and what if you could do it all in seconds, with just the touch of a brush? sound like magic?