liz wall r.t. . to talk more about these taxi turf wars i'm joined now by liz wall liz welcome to boom bust and first and foremost you know what i want to ask you is it time for the cab companies and the transportation industry in general you know to get on board with the new business model and really kind of let it enter the market space instead of fighting it what do you think well i mean if you ask the d.c. taxi out commission if you asked passengers people that live in d.c. they're going to say absolutely not only is it time to get on board it is a long time coming i mean you go to new york city and it's not even. a question everybody takes credit card people don't you know they carry plastic a lot of people don't carry cash and people will come here and be like what's going on with the why me and just it's just common place and saying yeah a lot of people will say yes if the time has come to modernize the d.c. taxicab service so the commission that he says that that's exactly what he's trying to do to make it so that we kind of get up with the time right now can you go into a little more detail

liz wall r.t. . to talk more about these taxi turf wars i'm joined now by liz wall liz welcome to boom bust and first and foremost you know what i want to ask you is it time for the cab companies and the transportation industry in general you know to get onboard with the new business model and really kind of let it enter the market space instead of fighting it what do you think well i mean if you asked the d.c. taxi out commission if you asked passengers people that live in d.c. they're going to say absolutely not only is it time to get on board it is a long time coming i mean you go to new york city and it's not even. a question everybody takes credit card people don't you know they carry plastic a lot of people don't carry cash and people will come here and be like what's going on with the why me and just it's just common place and saying yeah a lot of people will say yes if the time has come to modernize the d.c. tactic have service so the commission he says that that's exactly what he's trying to do to make it so that we kind of get up with the time right now can you go into a little more detail

liz wall liz welcome to boom bust and first and foremost you know what i want to ask you is it time for the cab companies and the transportation industry in general you know to get on board with the new business model and really kind of let it enter the market space instead of fighting it what do you think well i mean if you ask the d.c. taxi out commission if you asked passengers people that live in d.c. they're going to say absolutely not only is it time to get on board it is a long time coming i mean you go to new york city and it's not even. a question everybody takes credit card people don't you know they carry plastic a lot of people don't carry cash and people will come here and be like what's going on with the why me and just it's just common place and saying yeah a lot of people will say yes if the time has come to modernize the d.c. taxicab service so the commission he says that that's exactly what he's trying to do to make it so that we kind of get up with the time right now can you go into a little more detail about the regulations that cab companies are subject to which cars are not yeah well there's a number of regulations out recently have been put into place that have made come drivers angry these new don't like if everybody has to have this uniform uniform system and also the credit card system they all have to be approved by the cap commission so even though a while back some cab drivers here in d.c. did take credit card they would use those squares you know right but if they're caught with those they're slapped with a big fine so they're upset about that that they have to abide by what they see as these very stiff regulations on the other hand they don't have to necessarily follow these same regulations also cab drivers. they've had to they have to get extensive background checks medical checks and how drivers have been doing this for years and decades and say you know what i've had to abide by these rules now this company's coming in and taking of my business boldly before my eyes literally sweeping up my customers and they don't have to abide by the same rules but it's not to say that does not regulate itself i mean. they have a very high level of customer service that they try to live by they it's the customers that basically regulate it because i know that you take a nuber and you actually break your regular caviar you're our driver now you were talking about this right before you came on and i love this you said apparently they can rate you as the customer two it's a perfect democracy and you know you're really not so if you are rude if they don't if you're not going to your cab driver for any reason they don't have to pick you up so it works both ways really and i want to know what my reading is you know i'm really curious how big is. the moment i mean how many cities just have a presence it's huge and we see that it is only growing it started launched fairly to fairly recently in two thousand and nine and since then it grown exponentially it's in fifty cities it's global and they only ten to they only intend to expand typically when you think of google you think of a more luxury kind of service the black cars now they've expanded to this x. and this is like cab drivers don't like because it directly impedes what competes with cab company is because it's not necessarily you know the black car service it's more standard service and now they're being able to directly compete with cab drivers and charge comparable prices here in d.c. even less right now at the end of the day it's really about providing a service and if there's room in the market for that service and the market wants that service it's going to succeed would you agree yeah we're seeing that right now . a lot of people will use hoover and they don't go back they go back to taking cabs because it's so it really harnesses this new technology you know i wish we had more time with this we've got to be back on the show very soon thank you so don't ever join us. absolutely it was liz wall argy correspondent now it's time for today's big deal. big deal time rachel herz as always joining me now rachel this is one of the bank's attempts that we're going to talk about today at social media something that apparently. don't and i mean it just went south tremendously fast so j.p. morgan now they posted a tweet trying to solicit some some people to talk to them it said on its twitter account take over will host our first the live q. and a on leadership and career advice with the leading j.p.n. exec on eleven fourteen use hash tag ask g.p.m. to submit questions and of course tell a really that ensued here are some of our top twitter responses coming up there we go now and this one i just love from david date in he said she's a day and he said what what's it like working with mexican drug cartels do they tip i don't like to know that when i do it i would really go for more eddie f. elfenbein i'm sorry if i'm crushing your last names everyone he wrote was the best way to get

liz. liz: okay. we're 37 minutes away from the closing bell. wallcautiously eyeing new york major bill de blasio. the mayor-elect has said a lot of things, but what's his real position on the free market? carly gasparino has an exclusive story that's sure to add fuel to the controversy over de blasio's politics. stay tuned. ♪ there are. ♪ ♪ sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the worl and this park is the inside of your body. see the special psyllium fiber in metamucil actually gels. and that gelling helps to lower some cholesterol. metamucil. 3 amazing benefits in 1 super fiber. 3 amatdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwae're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800

according to the wall street journal the white house is going to allow canceled health plans to continue. judge andrew napolitano is here, liz macdonald is here, let's get fast reaction. lizis the end of obamacare because you need canceled plans to float the system, to grandfather them in or put them in more costly -- stuart: you allow these canceled plans to continue, the people who got these plans will not be on the exchanges. the exchanges will be starved of millions of people and collapse. that is the story. judge napolitano: the premiums for millions of people from whatever source derived, the federal government subsidizing people work their own pocket. stuart: what will the president to about that? the writing is on the wall. judge napolitano: the writing is on the wall not only for the economic demise of it but the political demise of it. the essence of obamacare is the federal government of the united states of america will set a minimum block for the health insurance of every person in the united states of america and no policy may be below that. the president referred to the policies below that as substandard. he is not going to lower the bar or permit the subst

liz: this makes me feel better about de blasio and this is why. people say now i don't feel so bad. >> take the needle out of your arm? liz: don't e disrespectful but i think wall street's. >> clean the powder from your nose. >> i don't live in the york city i am not a resident but now he has a wall street guy on staff but every bear in the past over the last four decades has. >> what is the big deal? suppose a republican mayor hired matif guy from enron. what would happen? the new york times would go nuts. he is hiring the sky from enron a adducing him to do this. let's take a look at de blasio and his record, who he associates with, and by the way this is a national story. when you are the leftist mayor it becomes a story and we should look at food he associates with. i put calls out to michael i like to personally but the entity that he represented was a very bad player. lizok hypocritical is whether to present you did not get my iron the fis on wall street icy dial have to worry he is hiring michael. >> he runs a micra financing firm right now. liz: if he pays him he hires them. >> they won't tell us. i don't know. he is the unofficial liaison. talk about microbiology a and twitter. are you okay now? liz: i was always perfectly fine. [laughter] they say lovely things about the at the new york stock exchange. >> they just got a little too cute. liz: if you don't know they've removed one of our people who tried to cover the news smith they touched this person when people start touching me. liz: that was lucky that it was not you. but we give them press all the time spent said jennifer anniston can touch me all the time. liz: that is the third violation. charlie gasparino. >> don't get me started. he is assessed. this is not the case for a the military heroes better rrnts nationwide are battling higher unemployment looking exactly how bad the problem is and

liz: honestly, it's a lot for main street, but when it comes to wall street -- >> well, that's not my question. will larry's golden parachute be a segment on the -- what is it called, comedy central? liz: it's called the daily show. no, it obviously wouldn't. >> why? many. liz all, he doesn't affect people like say, for example, the american airlines outgoing ceo whose last pay package was outrageous. >> jon stewart talks about fat cats all the time. makes fun of us defending fat cats. no? you don't think it'll make it? why? liz: i don't, charlie. >> by the way, i think larry should make as much money as possible. he's a good guy. liz: listen, god bless america and pay packages -- >> but, you know -- liz: it's the boards. if you're unhappy, talk to the boards. >> jon stewart doesn't say that generally. liz: charlie, thank you. [laughter] you should hang out in the green room -- >> why, what's in there? liz: motorola's mobility ceo in a fox business exclusive. what do you have? you've got old school and blackberry, right? >> i have the first cell phone ever made. liz: that is so -- >> i have the first one. i've been told this cell phone goes for, like, $10 now. liz: but it works. >> it does. i can drop in water. liz: it's not about what you want, it's about

liz: just a few seconds before the bell. it is jumping 10 full percentage points, crocs. [closing bell ringing] david: what a busy day on wall street. liz: it is really. we were down significantly and then suddenly the markets turned around. people are buying whatever tiny gain they see. here is how we round it out. s&p 500 makes it another record here. previous record to beat was 1771.95. it is a wide margin after win there, david. david: look at nasdaq. the nasdaq was best performer of all the indices up over a full percentage point today. look at today's headlines moving stocks. macy's reported higher than expected quarterly sales and earnings. the department store chain says business is improving as the holidays approach. liznal, the stock getting crushed after it cut its full-year outlook because of reduced shipments in the third quarter. david: it was a miserable

liz: priceline, these are names worth watching. david: i hear something. did you hear something, liz? [closing bell ringing] yes it is bells ringing on wall street. a great day. we have more than beat out yesterday's losses. this market, knows no bounds. it is up, dow jones industrials up 167 points. s&p up even more than that percentage wise. up about one 1/3%. nasdaq even better than that but the real winner we haven't mentioned yet, russell 2000. small and mid-size caps. we always look there for what is happening in the economy. we got much better than expected jobs numbers indicating small and mid-size caps stocks may be doing quite well. lizwo fund. the economy as david mentioned created more jobs than expected last month. payrolls increase by 204,000 as companies hired more workers. the unemployment rate ticked up slightly to 7.3%. david: u.s

look at the traffic on wall street, it has been a mixed message, when you look at certain spots like fedex, individual stocks do quite well. liz: here we go with the nasdaq. liz: american airlines parent and u.s. airways of greece to settlement with the department of justice that were finally allowing the merger to go ahead. finally let this thing go through. david: against those first mergers. talking about that later on. liz: shares of the largest u.s. some builders have a big punch. revenue surged 40%. that is a real number. david: and as part of the third quarter results. adding 305,000 drivers. liz: that new ipad many. does it really engender excitement? david: and they have cut the price. the wireless contract. a new cheaper from tomorrow. "after the bell" starts right now. ♪ liz: that comes in a combination of 200 plus. so when apple comes up with four different colors. david: i think it is priced in half. that is dramatic. liz: this breakdown the day's action. warren financial-services chief investment officer who will tell us why he thinks stocks are ready to hit print is. and joining us from the pits of the cme. the price action today was intere

look at the traffic on wall street, it has been a mixed message, when you look at certain spots like fedex, individual stocks do quite well. liz: here we go with the nasdaq. lizto settlement with the department of justice that were finally allowing the merger to go ahead. finally let this thing go through. david: against those first mergers. talking about that later on.

on sunday liz reiterated her works but mary cheney wrote that liz is on the wrong side of history. >>> "the wallthrough the economic turmoil very well. >>> doris lessing, the nobel prize winner died sunday. the author of "the notebook" was 94 years old. >>> the shale boon is helping surpass gas sales in russia this year. that makes for interesting times. the national average for a gallon of gas is $3.21. that is the lowest price in nearly three years. last week domestic crude oil fell. >>> prince al walideed bin talal. let's talk about shale oil, first what it means for the united states and then specifically for saudi arabia. if the u.s. is no longer dependent onto eastern oil and if saudi arabia finds itself needing to be in other businesses. >> yeah. no doubt that the shareholder production is increase not only in the united states but in some areas of the world. the united states will not only be oil sufficient in production but also to be potentially a net oil exporter. no doubt this will impact the political situation in our region because dependence on the united states is on oil. however

liz: i am liz claman. is the last hour of trading. we are also on 10. tesla shares tend% in after hours session, walling but wall street has been expecting and hoping the customer will sell-off higher number of superhot model s deliveries, didn't happen. the sell-off continues and at one point even triggered a circuit breaker which kicks in when shares dropped too dramatically over shorts and of time. at the worst point shares of ted deutch dropped 15%. the stock is up 400% over the past year but it today's trend holds, down $25 at 151, it would be the electric carmakes a of steepest decline since a 19% on jan. thirteenth of last year but at this second you see tesla is down $25. let's take you to the time-warner story, the attainment dying reporting third quarter income largely due to the popularity of two of its cable channels,