he is the market strategist for bmo global asset management. the two main numbers, jobs created and the unemployment rate, would certainly seem to be good news. but what is the interpretation as to the overall picture? > > sure. i think this report was about as expected. when you strip away what actually happened, there was a lot of belief that sandy would bring down the number by about 80,000- > the storm, the hurricane. > > superstorm. superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the unemployment rate of 7.7% - it went down a little bit - based on the fact that there were fewer people looking for work, not more people f

. >> from the cme at sandy lincoln, with bmo asset management. >> coming up next week on nbr, monday is free shipping day, more than 1,000 retailers are expected to pick up the delivery bills and we will tag along with ups delivery truck and on monday we talk with the ceo of giovanni this yogurt companies makes up half of the greek yogurt market and growing. >> the china economy is also growing again, a new survey shows chinese factories have been busy this month with manufacturing activity hitting its highest level in more than a year, this could signal china's economy is on track to grow as much as eight percent in the fourth quarter that, is much higher than expected. >> it wasn't just china, u.s. factories also humming ago in november, humming along in, especially with manufacturers in the northeast being idle thanks to super storm sandy, auto parts helped pick up the pace. >> industrial public shun in the u.s. jumped 1.1 percent in november. >> described as widespread across industries, and that is pretty good news for american manufacturing workers, including those in the boat

the investor we bring into the conversation right now michael pento along with brian beleskey from bmo market. thanks so much for joining us. michael, what's your take on this volatility index? >> it's been a lousy investment. you can't buy volatility, you have to buy the vxx and like the etfs that wither away and have no value whatsoever. i'm just very confused about the complacency in this market. i mean, we're supposed to be going over the fiscal cliff in 12 days from now. everybody is going to be surprised. we have a deal that looks commensurate in measure to the fiscal cliff. >> up triple-digits the last two days. optimism, at least before today. >> the last quarter we are down, october, november and december, down 20 points. complacent and flat line. that's the big surprise. have you to protect your investors just in case we have a deal that's commensurate in measure to the fiscal cliff. what happens if some miracle republicans agree to raise taxes on these millionaires and billionaires? >> that's what john boehner was agreeing to to get a deal done it, seems. like me ask you abo

bmo, another analyst brokerage type house also cut their price target. they are just concerned.y are not making big margins on some of their products. stuart: you know, this is the first time in a long time where apple has taken a huge drop and has not bounced back very quickly to establish a new high. not seen that for a long time, i think. nicole: i think you are right. and, you know, i was at the same time while you were saying that, thinking about the kids that i know for hanukkah that are already getting apple products. i heard a little child saying our friend got an iphone, and that's really nice for them. next thing you know, the next night of hanukkah they got a mac book air. all the kids in america whether they get them or don't get them, have an apple product on their holiday list, it seems. a lot of kids -- not all, that's too general, but you know what i mean? a lot of kids would love some sort of apple product. stuart: i take your point. i think they should take an honest look at the microsoft tablet. nicole: the surface is a great product. stuart: another commercia

and bmo capital upgraded facebook from underperform to outperform and raised its price target to $32, $15. and steeple nicholas raised the price market to $31 up from $26 and looking at facebook shares up 2% this morning and seems like it could be a happy new year for facebook and either way, stuart get these on here, a happy new year to you. stuart: they look pretty good, got to say. >> match the dress. stuart: i heard a comment from the gentleman to your left. >> the gentleman who gave me the glasses, very happy with his donation here. stuart: is he selling those? >> no, free of charge, actually. >> hey, diane, thank you for being here. >> thank you, stuart. stuart: secretary of state hillary clinton remains hospitalized this morning and has a blood clot related to concussion she suffered earlier this month. that concussion prevented her from testifying at the scheduled benghazi hearings, secretary cliiton is expect today remain in the hospital, it's in new york city, she's going to stay there for probably the next 48 hours and check out the clot. time is money, 30 seconds, here is

bmo capital upgraded facebook to outperform. stifel nicolaus also raised the price target.ng about things the company doing better monetizing its product, getting more money from advertising. facebook is up 6.2%. they need the gains. in past six months it has been down 16%. facebook looking for better 2013 than 2012 we think, ashley. ashley: diane, they are. you will be back in 15 minutes. lori: you are good at think, it is in here. lori: a positive year for stocks but with the fiscal cliff hours away how should you protect your money in the new year with a strategist next. ashley: my voice is going. finally i hit puberty. lori: you've been on fox business more than anyone else last two weeks. ashley: here is how the major indices are moving right now. as you can see all up across the board. we lost a little bit of momentum when the president said we don't have a deal yet but optimism reins. green arrows across major industries on this last trading day of 2012. we'll be right back. lori: all right. both oil and gold in the green as fiscal cliff talks continue. sandra smith

andy bush from bmo capital markets.o catch money in motion currency trading on fridays 5:30 eastern and if you want more education about currencies, go to currency class@money motion.cnbc.com. >>> a bigger than expected slide in the past week down by 2.4 million barrels. crude supplies fell by 2.4 million barrels. 7.9 million barrels was the rise in gasoline inventories. then we are also looking at fuel supplies that were up by 3 million barrels. up by 3 million barrels. we are looking right now at a sell-off in the oil market. we're still holding above the $88 mark for wti crude futures. we're also looking at lower prices for gasoline because of that huge build we saw and higher prices for heating oil. a proxy for diesel fuel and reflecting the distillate fuel supply number. bigger builds than were anticipated for gasoline and a bigger decline than was expected for crude supplies. send it back to you. >> thank you so much. when we come back, deal making in a post-fiscal cliff world. faber has an exclusive interview wit

not often you get an analyst bearish with a bmo, now going to outperform.5 to 32. >> they're saying that they're experiencing a reacceleration in apps from a lot of large brands, hoping to cash in on the mobile trend there. we do see facebook bucking the trend in terms of the overall market. that is up 1%. right now, we are looking at six straight sessions of gains for the s&p. the dow as well as the nasdaq. the vix not quite open yet. we're at 22.75%. it will be interesting to see what the vix does after friday. a huge jump on the vix. the biggest gain since 2011. >> the "new york post" this morning says the biggest lesson to business in 2012 was from facebook, and how not to conduct an initial public offering. they suggested that twitter in 2013 may be the one that restores confidence in that process overall. was there a bigger business story, on a single stock level? probably not. >> let's not forget facebook was restoring confidence in ipos. people were able to get into facebook, and make quick money. which was a dumb idea to begin with, but was proven

it's funny you talk about the snowball effect, from bmo, from pacific, i mean, this thing is taking on a bit of a life of its own. >> the point, of course, the stock goes down, this much cash, and that much dividend, i know that people don't want to hear this. i know my friend doug doesn't want to hear this. but again, your taxes are going up. stock goes down. analysts get negative. taxes going up. let's sell the stock. i converted my i.r.a. to my roth i.r.a. last week, because i want to be able to pay the taxes now. it just makes a lot of sense. maybe we revisit the stock in 2013. my trust owns it. it's like, am i excited about line in the sand. it tends to be erased by the waves. >> to david's point, there's a real focus now on the fundamental story. so within citigroup they're saying samsung is gaining share. the samsung analysts in asia, aggressive on samsung shares. about 27% market share. their surveys are indicating that the competitive advantages that apple used to have in the marketplace are no longer. they're diminishing. apple doesn't have the mobile deal locked up until lat