the buyout offer for nexen came in july. in today's regular session, nexen was heavily traded as they fell 6.6%. but after the canadian okay, they jumped more than 14.5% in extended hours trading, to almost $27 per share. u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone hold-out was the nasdaq 100 tracking fund, which includes apple. the fund was down 0.06%. and that's tonight's "market focus." tall tom dow growth is one reason tonight's market monitor thinks the economy will pick up speed next year and so will stocks. mark luschini back with us at janney montgomery scott. the job m

cnooc shares gained over 1% after canada approved that takeover bid for nexen. despise revised third quarter gdp data showing the economy is back in recession. china's trade outperformed. in south korea, gains were offset by losses in financials. the kospi ended flat. meanwhile, the aussie market gained .1% today with mineres and developers lending support. the india sensex ending lower by a touch. back to you. >> si sixuan, thank you very much for that. >>> coming up, we'll find out if investors are right to be bullish or if the worse than expected trade figures are a better gauge of things to come. stay with us. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> you are watching "worldwide exchange." no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. e

and canada's cnooc, i proved the takeover bid for oil sands operator nexen. nexen is up.se group buys aig plain leasing group. and aig is virtually unchanged. you know the name, goodyear tire and rubber transferred the stock. and mcdonald's thigh of 90 bucks. a fda panel voted against recommending zogonics, sew agzo did they recommend it, pain killer for approval and the stock goes down significantly. they voted against let's get na straight. they voted against it. and honeywell to buy intermec. up goes the stock. and apple says it's bringing manufacturing back here. is china's run of the factory, it's not coming to an end. is this a drop in the bucket? we'll have more in a moment. >> here we go. ♪ put on your yarmulkah, here comes hanukkah ♪ ♪ so much funica, hanukkah ♪ >> what was that here comes hanukkah, so much funica. very interesting. we'll probably play more holiday music if we can get away with it the rest of the show. ♪ instead of one day of christmas we have eight crazy nights ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade

because they have nexen has significant assets in both nations.the same time, canada approving a $5.25 billion deal proposed by malaysia petroleum in bid for progress energy. canada selling off assets to two state-owned entities. cnooc deal liable to get a little bit of attention here as well i'm sure, melissa. melissa: very much so. robert, thanks so much. >>> moving on we picked up on an interesting idea to solve the debt crisis. here it is. have the government mint two platinum coins and assign them a value of trillion dollars each. deposit the coins directly into the federal reserve, boom like magic we're $2 trillion away from hitting debt ceiling. under the current law this is perfectly legal. our "money" power panel is back to discuss economist peter morici. jonathan hoenig from capitalist pig.com and ian shepherd son from pantheon macro advisors. guys, what do you think? this is serious idea out there being float the around. we have the peterson institute, they're a bunch of serious folks out there saying i like it. there is nothing obvious

. >> nexen, again, a company we don't talk much about, but what is up to?> we don't talk about it much because it is canadian. don't know if you hate it canada like you do american. but a big energy company. here is the deal. people got outraged, just like we are facing here. oh, can't let chinese buy our energy property, terrorism, blah blah blah. guess what? they are allowing the deal to go through. other companies are falling because they may impart new rules. saying we don't know if theant prices can by our energy companies. does that sound familiar in any way? >> this is the is the version of -- >> i don't hate canadians. why do you? >> i don't hate canadians. i hate everybody. i'm kidding. >> now getting cheaper by the minute, what is going on? >> in the energy complex, mandy, we are looking at near lay two-month low as it settles around 2.46. when you look at temperatures facing right now in new york city above 06 degrees in the middle of december, and mild forecast ahead, that lets you know of course that's a bear sign for natural gas. add to that t

the heels of chinese oil giant cnooc and its $15 billion purchase of canadian oil sand operatetory, nexen. >>> natural gas futures are in the longest slide since january. they settled down for the 7th straight session. forecasters say unusually warm temperatures likely won't break until the end. month, lowering the outlook for natural gas demand. >>> positive signs for the u.s. and chinese manufacturing sectors helped give a boost to oil prices. crude settled up close to 1% at $86.73 a barrel. >>> we'll go to a place that is warm after this, cuba. just 90 miles from the u.s. shorelinbut it may as well be on the moon for u.s. business. a new port reveals how the cuban embargo is shutting business out of a huge investing opportunity. the man behind this study explains why coming up. >>> plus safety regulators are expected to mandate black box recorders in all new vehicles. w am i going to speed? how are we going to speed? will it cost you personal privacy? is it out the window? details coming up on that. do you ever have too much money? [beep] [speaking foreign language] [heart beating] [he

. >> nexen, a pop. b.k.? >> they got the deal done.r more canadian, buying of canadian assets on this, canadian government paid an overture that they are open for business, just not completely for sale. >> drop for smith and wesson. >> interesting day on friday. the stock traded over 11 bucks, closed around 9 and change. technically a very bad day. i think the stock is going to be a buy. no one-day events, which means it probably goes down tomorrow. buy it now. >> eastman chemical, a pop today. the move, 1%. pete? >> not only a pop, but new 52-week highs. ed just mentioned the chemicals, i love this space. eastman chemical today, keep an eye on this. 65 strike calls extremely active in march, romming up from 62 1/2, looking for the 65 to perform. keep an eye on this. >> pop for fedex. up 1%. scott? >> company expects today will be its busiest of the year. they expect to ship 19 million packages. and given the e-commerce spending, they think this year's busiest day is 10% busier than last year's busiest day. >> and, we have a pop here f

china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. happening in a bubble. last year you'll recall the obama administration put off a decision on the excel pipeline, an extension of a pipeline that would connect the oil in alberta to the gulf of mexico and international markets. the democrats killed it because of concerns from environmentalists. the proposed route crossed the aquifer in nebraska and white house and state department officials could have just insisted on rerouting the pipe, but they didn't. a bad move, one that was highly thought to play to the president's base. now that the elections are over, a review of a new route will begin sometime next year. the leakages of that pipe were a minor concern, though it got all the headlines. a more legitimate environmental concern is carbon emissions. processing crude that is mined from the oil sands emits double the emissions of regular drilled oil. but oil sands still -- that still scarce, oil is still scarce, the chinese lead lots of it, and the canadians have lots of it. president

i think the nexen deal was good for china. the prime minister made in t clear this is not the beginning of a new trend. he said this is the end of a trend. and that the canadian government has been withdrawing from ownership of resources and different parts of economy, and it's not about to hand thing over to foreign governments. the thing is most of these chinese companies trying to invest are state-owned corporations. therefore, they represent the chinese government. and do not necessarily operate on purely market principles. this is something that not only canada is wary of, but the united states also. the -- there is concern that the national security might be involved. you might remember that back in 205, the same commission company tried to buy unical in the united states and encountered extensive opposition from the u.s. congress. and they had to withdraw. and then after that, china tried to buy something in australia. and encountered opposition. i think that there is a suspicion of chinese intentions whenever they try