among our guests tonight, former mtv vj, year with a fox business news those not. and she tells us all about her new show called the independence right here on the fox business network. and we are going to be telling you about winter weather blanketing much of the northeast over the weekend dumping as much as a foot of snow in some areas. and here is the headline tonight. more snow is on the way. and now set to drop about 5 inches of snow in the midwest and northeast over the next few hours. a fast-moving low pressure system moving in from canada is expected to hit milwaukee and chicago with one to 3 inches this evening. major accumulation and colder temperatures arrive overnight. through tomorrow in pittsburgh, philadelphia, and new york making the morning commute hazardous and disrupting evening travel as well in the boston area. on wall street today stocks finished higher end of the fed today meeting. the dow up 129 points. how about that.

business. it went from 35% to 43% on passive income. this really is an usual. during expansions y typically see new business startups accelerate. this is the only recovery i've seen back the 1930s where new business startups have flat lined. when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism

you're watching first business: financial news, analysis, and today's investment ideas. good morning everybody, i'm angela miles,thank you for joining us for this special edition of first business as we share a few of our favorites things that happened during the past year. from the soaring stock market, to wacky ways people are making money, to trends that help america become better than ever. there were many unforgettable moments. get ready -- as we travel back in time for the takeaways of 2013. the market trend was traders friend in 2013.investors have to be thrilled. joining us now is alan knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. alan, what was behind the big move? > >it was just a great year. for those that didn't fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. the market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. > >you also made some calls on i

you're watching first business: financial news, analysis, and today's investment ideas. good morning everyone! i'm angela miles. just ahead on first business...bonuses are back on wall street-- as santa delivers this year! in today's cover story...is an improving housing market hurting american's abilities to buy. plus...what's old is new again. the trend that has collectors going for a spin. and in traders unplugged...investor idols. should you model your portfolio after billionaires? for now we begin with scott shellady of treon. good morning. > >good morning. > >i hope it's been a great trading year for you so far. what are some tricks that have really been working this year? > >you have to differentiate between what you think is gonna happen and what's gonna happen. now, it took me a long time to do that and i wasted a lot of money fighting what was really gonna happen versus what i thought should happen. and i think a lot of folks have started to take some money off the table worrying about the stock market continuing its march. but the fed is data dependent and we d

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. >> announcer: you're watching "worldwide exchange." >>> the imf has raised its growth forecast for the u.s. on the back of the budget deal by congress and the fed's decision to taper. let's look back on how both of those events played out. >> the yeahs are 257, the nays are 157. the motion is adopted. without objection a motion is laid on the table. >>> breaking news, the futures are surging on the news that the fiscal cliff has been averted. >> the washington drama comes to an end. >> the budget cutting sequester is on but not before president obama takes the national stage one more time to bash republicans. >> agencies of government are in the process of closing down. >> the president has gone missing, forced to cancel his trip here just at the last minute. >> we'll begin re-opening our government immediately. >> i am very proud to s

it's been a bit mediocre would all media is in business but the important thing is not home and new businesses are fine it's important thing is do they enjoy the korean independence next notice. it is only name gets the keys on a little one when pastor capital of gospel andediu busesses but in the news business of entertainment i guess is not a problem. so the show is it according to an exciting opportunity is our son's action with reliance industries is abt a penance for the skills of the financing transaction i'd be up already and so they have financed money investment companies. and i have gotten in the midst of the capital in the business didn't want to take the portuguese taking the business get on the border because of the business. they have absolutely no will not influence the sea and the running of the businesses to finance the one that doesn't cost us less of a code of conduct that i've got on with the lights in the streets. as a general who led us through financial capital. we folded the media business important thing is can you be in a decoder independence. ibd. i don't believe tha

and that is all for this edition of france 24 business news. back to you. >> thanks very much, indeed. recovery in greece. i thought he would be a long before we would talk about that. when we come back, survivors of the violence in the democratic republic of congo. is told about rebel groups roaming the countryside. we have a special report in african news. all of that, still to come. >> hello, and welcome to today's news, a show where we take a look at what has been hitting your main headlines. , theday's show humanitarian emergency in a central african republic. and helping a little girl with bear, and- lost teddy an american extreme wheelchair athlete. clementine took her children and fled the violence in the to this, and according tweet from unicef, they have been living under the wing of an airplane ever since. donationsppealing for to help deal with the large- scale humanitarian needs across the country. the united nations estimates nearly 600,000 people have been driven from their homes in the last weeks, with escalating violence betwee

move here, expand here, or start a new business here and pay no taxes for ten years... 're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. >>> house and senate goerngzs shake hands on a u.s. budget deal that could hit another off fiscal standoff early next year. their job now is to sell the plan to the rest of the congress. >>> desktop computers aren't dead. a rallying call from meg whitman says her turn around plan is still on track, but there's plenty to do. >> we have to be able to innovate. you can discovery the innovation engine is alive and well at hp. i think a lot of heavy lifting ahead. >> finance director nathan bostock is jumping ship to santander after just ten weeks on the job. >>> and european finance ministers outline a trbled barga bargain. the euro group says he's confident a deal can be done before christmas. >> we can now see the outlines of a compromise and i'm quite optimistic next week we can finalize it. we saw treasury yields, the ten-year down to ar

art miami is hoping for a big payoff, a doubling of container business over the next six years and 33,000 news. critics say that might be difficult, considering miami is one of several ports vying for the business. >> we are the first port in, last port out. we will be big ship ready. >> carol massar, bloomberg, miami. >> if you really want to buy big machines, there are a few companies that make them. caterpillar, the world's biggest maker of mining equipment. they make some of the biggest earthmoving equipment on the planet. here are the top five biggest from the "lunch money" archives. >> you can catch all of our best of bloomberg 2013 videos online or on our mobile app, bloomberg tv plus. coming up, the cftc oversees the $400 trillion dollars market. its chief is stepping down. an exclusive interview with gary gensler. britney takes to the stage in vegas in her new live show. we will take you there later. ♪ >> welcome to "lunch money," where we tie together the best stories, interviews, and video in business news. i am matt miller. today's moving pictures. michael schumacher, most success

. >> he likes business news. >> have you seen my shirt? >> no. >> who has two thumbs and loves christmas? >> exactly. like the artwork. >> you like this? oh, don't you like that? by the way, i sent that to mike for christmas, too. >> could you close your robe and go -- >> he closed his robe. >> i just brought you the papers. going to get you some oatmeal. >> i like the lace on that. >> to business now -- >> we'll be back. >> to business. we're expecting a light week of trading because of the holiday. investors are hoping to build on record closes for the dow and s&p 500. >>> for other headlines let's go to cnbc's jeff live in london. jeff, don't you know it's christmas? all right. >> hey, good morning to you. i didn't know i had to dress up for the shot this morning. nobody told me. >> that's horrible. >> well, what's the business news? >> that's tough, isn't it? >> yeah. pathetic. >> there are great stories. chinese will be wondering if there's getting a new iphone for christmas. there's a deal apple has done with china mobile and the cit

china business news report. he was the largest domestic supermarket chain stores walmart and uncle ty to report the fire pole the court to the new puppy when we got twenty percent of current suppliers. that alone tells me to thirteen the copied over one thousand compliant. the new call to cut out around two hundred suppliers. the plight of china business news that the new band arbitration to use that water will collect the next year the collective suppliers to give the four hundred of us. but fifty five thousand dollars for the few that you can charge the plant has now been charged for each type of product. i used to pay fifty thousand us dollars to the supermarket and he crawled out of its products but now after the new puppy that it soared over three hundred thousand us dollars a compact example who are protected for dollars taken by surprise. it didn't help or two dollars repair the peak in the film along with the three point one million dollars. white actor turned twenty three fewer than three. supermarket i

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> north korea's state media says the uncle of the north korean leader has been executed. he was once considered north korea's number two leader, was guilty of treason. a white house spokesman says if confirmed, this will be another example of north korea's brutality. let's get more of the reaction in south korea. chery kang is in seoul. >> hi, ross. i guess the question now is what does his execution mean for north korea in the future, down the road? there are two different ways to take this. one, the young kim is confident enough to do this with enough power consolid

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping wi. >>> unfreezing nokia's assets through india, it's come with a demand. they've been requested to pay around $160 million. the indian court says nokia would be jointly lible for its taxes that are due. nokia is down 1.25% at the moment. >>> to china and china mobile has apparently started taking preorders. apple's iphone 5s on its website. but as yet, a deal between the carrier and the smartphonemaker hasn't been announced. after being contacted by cnbc, the website offerings has mysteriously changed. eunice is with us in beijing. does anybody think is deal is being discussed, being negotiated? we've made the calles and you've done your best. what is going on with this website today? >> i know, ross

money" on bloomberg television, where we tie together the best stories, interviews, and video in business news. i am matt miller come in for adam johnson. let's look at the menu. in socks, could it be the best year ever? that shows noy signs of abating. big machines hard at work. we will show you the biggest earth crunching equipment on the planet. a nation, the regulator gary gensler gives his final word on the new roles for wall street. in fashion, one hot hoodie, is it the greatest hoodie ever made? ise over celine, elton, this the new face of vegas. we will kick it off with the world. two days, discusses that bombings in southern russia. a few hundred miles from the site of the winter olympics which began in six weeks. the first bombing came yesterday at a train station in volgograd. this is a video. the time of the explosion, a suicide bomber with himself up near a metal detector. 17 people were killed, 40 five were injured. investigators say the toll would have been higher if it had not been for barriers that kept the bomber from reaching a waiting area. the second bombing this morning d

. >> item 11 new business. >> any new business from any commissioners? >> i want to at this point thank the sxheb and commissioner katz and executive director to our fine staff. thank you. it's enjoyed working and i'm looking forward to 90 fingerprinting >> this was lovely. okay. this is at the last meeting of the year doesn't feel like it doesn't it. you're the president >> happy holiday to everyone. it's be it's been an nightmares where we had the moratorium and the america's cup and a lot of activity. we did a lot of work on the maintenance side and even though engineering. we had the one hundred and 50 anniversary it was really yesterday so it's been one of the most active years even in my short time on the commission. i think we, feel like a well deciphered holiday is coming up and yet we have obviously lots of great issues and challenges that. today, we heard a couple of them we've got more coming in n that regard. we have a lot of transactions we're looking at the streams and i think that is going to be interesting as we chart the course. and on t

business in a bit to meet new banking rules."the financial times" they would float up to 30% worth an estimated 20 million pounds. the stock hasn't reacted hugely to t. meanwhile, a source close to another asian bank told cnbc the reports of a riot are untrue. the board is divided whether a capital move is what's needed to shore it up. last week shares came out of pressure after the bank first said the profits could fall for the first time in a decade. the shares remained up moved. >>> joining us is helia. what's going to happen next? someone is going to suggest they're a takeover target. haven't heard that one before. >> we've had a lot of banking stories this morning. actually, one of the reasons is because the capital markets for banks is very hot at the moment. we have a series of umpt k. bank ipos on the horizon. you saw bob diamond looking to raise money for this african bank. you do have things in the pipeline, tsb, you have williams and glen obviously as well. the people i spoke to close to the board said absolute rubbis

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. >>> we're considering our focus on innovation cities. right now, we go back to singapore and discover how it's responding to challenges of an increasing population. our very own deidre wong-morris is in singapore. hey, dee. >> good morning, ross. it is much warmer on this side of the world. you are seeing the landscape. we're known for high growth, sometimes at any cost. but singapore is a perfect example of how you can have development as well as a sustainability. have a look. for singapore, going green is a national imperative. as one of the most populated cities in the world, it wants to be a global leader in green building and sustainable example. >> there are so many big cities in this region, jakarta and it's highly urbanized. so sooner or later, there is this need to do something, to make sure that the development is sustainable

move here, expand here, or start a new business here and pay no taxes for ten years... 's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. menomin ♪ ♪ ♪ ♪ next day at the full moon festival, whether you're looking out the window at a rural village, or at the streets of yangon, what is happening is probably pretty similar. a tableau of dancing, body painting and car mounted speakers are blasting. but it is also three days of merit accruing, the practice of working on good works, in hopes of your karma being pushed up. many moments of spiritual reflection. the majority of people here practice buddihism, the oldest, more conservative form of the religious, that pretty much believes that there is a continuous cycle of birth, death and re-birth. >> very noisy, yes. the morning star tea house, where i have come for a couple of reasons? the most favorite reason, the fermented tea leaves. i know, it doesn't sound good, but you would be wrong to think that. take the ferment tea leaves,

start a tax-free business at startup-ny.com. new business owner, it would be one thing i've learned is my philosophy is real simple american express open forum is an on-line community, that helps our members connect and share ideas to make smart business decisions. if you mess up, fess up. be your partners best partner. we built it for our members, but it's open for everyone. there's not one way to do something. no details too small. american express open forum. this is what membership is. this is what membership does. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> right after the best rally in two months, the stock y

for first business news, i'm ky sisson. despite the controversy, yelp has been proven to be an effective tool for small businesses. nielsen says that 4 out of 5 yelp customers say they visit the site when preparing to spend money. japan is hoping to curb internet addiction in teens with tech free camps. the japanese ministry of education plans to set up so called fasting camps in 2014 to help students separate from laptops and cellphones...about 8 percent of 100 thousand japanese school children are addicted to the internet, according to a university study. still to come: one trader bets big on tech stocks thanks to new highs in the stock market. plus... 23 days till christmas ...we look at a popular retailer's game plan for the shopping season.. but first....the facinating journey that began for one man after he sold a multi million dollar business. that's next after this in the know message. one of those only - in - america stories. it centers around joe rate lee - yes an entrepreneur. that's only the beginning. from 1 goo

emergence of new businesses in these towns we need to. encourage investors to invest in these new startups new businesses and new industries in this because otherwise later on we'll have to spend more money on trying to somehow. this population elsewhere i found would require the government. provide. suggestions on assisting me. resorting to resolving the tension in the labor market and providing incentives for further economic development in russia we all know the situation of regional budget which we. buy every day. reason alone. i have already. supported this initiative. several times and. every region of russia can provide one texas state tax breaks to. companies that are. creating a real value in a social sector but not all governors are a plausible here as i see but i assure you that this provides additional. for. regional budgets because these are new industries that we're talking about so there will be. there will be prospectively. new taxable all these companies for your budget just give them time. to. gain their ground we also ne

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. >>> innovation city, we're taking a global city tour to bring you the innovations that happen to shape our lives. we're in copenhagen to look at technological devices in the health sector. louisa is joining us. nothing like being home, is it, louisa? >> reporter: it's wonderful being back. i've had loads of danish pastries. we're standing in a beautiful area. originally copenhagen was founded in the tenth century. this area, very old from the 17th and 18th century. used to be the harbor where all the vikings used to come in because it's a viking city. that's originally how it was founded, a fisherman city. we are talking about innovation from old to new and how about some hearing aid innovation? i'm putting my earpiece back in as i say that so i can hear you, ross. but did you know that half of the world's hearing aids are produced by

. >>> in business news there is new information concerning that massive data breach at target.he company now confirming encrypted pin details were also taken. hackers stealing names and numbers from about 40 million credit and debit card users. target says the pins are now secure. >>> what goes up, must come down. twitter shares tumbling more than 7% following that downgrade. one analyst saying twitter has a bright future, but there is still too much excitement around the stock. >>> on wall street it looks like the breaks have been put on that holiday rally. stocks are flat, but the dow is sinking today. investors pausing after blue chips hit their 50th record high yesterday. >>> denver, colorado issuing its first licenses for recreational marijuana today. most are growers, only eight are said to be sellers. colorado move was passed by voters in in november of last year. only existing businesses are being approved to get those new permits, and they can start selling on january 1st. >>> on the other side of the break, the inform gap in san francisco. >>> and it's a house not muc

ben-ari said to business news europe thank you very much indeed for the time we appreciate it. now back in february ninety nine to seven autoconf ski became the chairman and c.e.o. of the private corporation cos which produced a fifth of russia's oil he became the country's richest man about six and a half years later he was arrested on four charges around at the same time links to the privatization of state assets he was eventually found guilty in may two thousand and five and was given nine years in prison where of course he appealed and that sentence reduced by a year in december two thousand and six there was a second case against the former tycoon he was charged with embezzling three hundred and fifty million tons of oil those proceedings also ended with a guilty verdict and an additional fourteen years sentence but the court counted time already served towards that new prison term parties and he said now it looks at the rise and fall for. he may well be one of the most well known prisoners in the world but the idea of a pardon for former russian tycoon mikhail khodorkovsk

. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. we have the -- starting off show with the latest ifo business climate. it has risen in december. december ifo, 109.5 as expected at 109.5. current conditions, 111.6. expectations have come in at 107.4. so we've kind of met the expectations as far as the headline business expectation is concerned. euro/dollar, not a huge reaction on that. and we're still pretty much with this 137 handle, as well. 64, remember, the high for the year is 138.30 is where we stand. still another bit of data that's suggests all is okay as far as germany is concerned. leeann banbrex joins us now. jan, nice to see you. we have a dichotomy in europe particularly between the german and the french economy. euro/dollar doesn't seem to care an awful lot. >> at the moment, not. they're waiting for that big truck, the big elephant in the room, really. if you look at the german ifo index coming out. the uaw index is better. but this is really what the real economy is doing and the back stop that the ger

move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. >>> italian industrial sales have fallen in october. down 2.5% on the month, up 1.2% on the year. october industrial sales contracting 0.7% for the month, up 1.3% on the year. remember, third quarter gdp in italy still contracting 0.1 is%. meanwhile, the italian government is due to hold a confidence vote on its 2014 budget beginning less than two hours. the contested package needs to be approved on by both houses of parliament before the end of the year. the budget has been on the unions and business groups alike claiming it doesn't do enough to revive the economy and the cuts in labor taxes are too pained. >>> the european union has lost its aaa credit rating. standard & poors have downgraded the region to aa plus citing concerns over budget negotiations. the moves follows recent cuts to the members of the eu states following france

when roger hire me he said how would you handle business news?t call it that. >> it's your world. >> i know you don't buy this. we must confess that you don't buy this. >> neil brings wall street to main street in his unique way. he does it with conviction and humor. >> this represents the equivalent. that's how much money we spend per day. >> hold the health care. forget where is the deed. these guys are saying stop the bull. >> the economics are hurting. i can't even afford salt on my popcorn anymore. it's very bland. life has become bland. >> republicans charging today that harry would rather huddle with rahm emanuel than dance with them. harry is having trouble hooking up. chuck woolery is an expert. yep, chuck. long time host of "love connection." >> picturing harry reid and john boehner behind closed doors, dancing is just wrong. >> you don't want to go there. >> during the health care debate you had a guy come on tv who was a speed reader. >> he can read at 10,000 times the normal rate. he should have been done with this thing. he is not.

for first business news, i'm jackie keenan. something that could hold chocolate prices in check for now-- trading volumes in the cocoa powder and butter markets are dropping as traders take time off for the holidays.coming up...how the affordable care act is spurring a flood of mergers and acquisitions. plus...in chart talk. following the money trail...one trader says he's taking a cue from the big hedge funds stay with us. ♪ ♪ ♪ ♪ ♪ factory orders, employment, gdp - these are all measures of the health of our economy. here's another metric, the number of mergers & acquisitions, and 2014 is looking like a banner year. david braun runs capstone strategic in the washington dc area & he wrote the book successful acquisitions. you advise companies on the process - where do you see the big growth in m&a activity next year? >>bill, good to be with you. i think there's probably three main areas that we're seeing some significant expected for 2014. number one is going to be healthcare. we've seen a lot of activity already over this pas

. >> and item 11, new business? >> okay, i want to raise just one topic of new business in response to a comment that was made during and that is i am not going to read the statement but i think that i just want for the public record to be noted that the port did issue a public statement about 8 washington. and renee martin did put out a statement in terms of opposition and i think that we should refer to that statement and i would ask you to just put that in the record in terms of what our response. and so it isn't that we didn't respond, we did make a comment on 8 washington in the ballot initiative and that should be for the record as well. >> okay. >> thank you. >> will do. >> any other items for new business? >> yes? >> yeah. i would like next month to, and so we can get an update on where they are at with the negotiations between metro and the port, and the iow and kind of get an update on where they are going, and before it comes to the full port commission and have they sat down and where is that, thank you.

time now to get the latest business news. mark carlson is with us in the studio. e're about to get a new member of the eurozone? ofindeed. the 18th member the eurozone is latvia. the latvian economy is relatively tall with a population of around 2 million people. but latvia's membership is still seen as a vote of confidence for the eurozone. there is much speculation that the single currency area could fall apart. not everyone is no enthusiastic -- is so enthusiastic. mark brown explains. sightn set to be a common in latvia. they become the 18th member of the single currency, but latvians are scared the transition will be accompanied by inflation. some quote you know other countries that switched before us, -- >> you know other countries that switched before us, prices went up. they could go up. , two, and that is bad. >> two out of three latvians are joining, meaning the government is struggling to sell its decision, insisting being part of the euro will boost the economy. best.ryone has done their we can be confident latvia is really prepared for the production o

in los angeles, ky sisson, first business news.ores like bitcoinshop dot us are popping up that exclusively accept the digital currency. these marketplaces sell everything from jewelry, electronics, even car parts. to find out where you can spend you bitcoins, check out coinmap dot org. coming up....two stocks that are behind on the rally action, but one trader is betting will make a comeback. chart talk is next. i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it? i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov. i'afflec and many actors have p

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you're watching first business: financial news, analysis, and today's investment ideas. good morning everybody. i'm angela miles. just ahead on first business...how to avoid feeling the stock market chill this winter-- with words of wisdom from our pro traders. in today's cover story...tastemakers hit the road as food trucks steer toward profits. plus, he's one of the world's most successful investors. the life and money lessons warren buffett has passed down to his son and grandson. and will paramount cash in at the box office with the latest film about wall street -- first business starts now. but first...we'll start the day with matt shapiro, president of mws capital. good to have you on the show today. > >thanks angie. > >you are here to talk about the santa claus rally. that is the big rally that tends to happen between christmas and new years. i feel as though this market has just been the gift that keeps on giving all year long. so what do you anticipate this year? > >profits have been booked. it's been a blockbuster year. things are gonna quiet down and it's gonna

that is all for business news. >> there is nothing more that a new -- more annoying than finding you put a five pound note in the washer. when we come back we will have more of the corruption scandal rocking turkey. police involved in high-profile arrests have been sacked from their post. find out after this. >> hello, and welcome to today's web news, where we take a look at the headlines. coming up, panic amidst road testers in ukraine. two spanish journalists detained and the frisbee champion sharing --s running trick shots sharing some stunning trick shots. yet.ne is not dead protesters are singing the national anthem outside the presidential offices. the pms often joined the protesters -- and this man often joins the protesters. they hope the country enjoys closer ties with the european union. pianist is not the only reason shin trying to rouse the protesters. you can see, the music academy recently set up one of their pianos outside city hall to keep spirits up. the past few days musicians have also been playing inside the building. symbolic has great significance and is being u

. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his triumph inspired millions. >>> on behalf of the united nations, i extend my deepest condolences to nelson mandela's family, the people of south africa and, indeed, our global family. let us continue each day to be inspired by nelso

move re, expand here, or start a new business here and pay no taxes for ten years... ething that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. ♪ >> there has to be some kind of a rebellion between the people that have nothing and the people that got it all. >> we are here to get the money back to the american people. john: that is from the movie called capitalism, a love story. it really is story. more complaints about bank bailouts and corporate welfare. business and law professor says there is a lot to hate about capitalism, as it is often practiced today. what do you make? >> if you go back as far as adam smith you find in a wealth of nations that he talked repeatedly about how business peop

when he hired me he said how old y how would you do business news differently?must confess you don't buy this. >> neil cavuto in his unique way brings wall street to main street. he does it with conviction and humor. >> this represents the equivalent of about three and a quarter million dollars. that is how much money we spend per minute. >> forget where is the beef my friend. they are saying stop the bull. >> i can't even akwoerd assault on my popcorn any more. it is very bland. life has become bland. >> republicans charging today harry would rather huddle around the manual than dance with them. harry is having trouble hooking up. just an expert at it, chuck woller re, the long time host of the love connection any one can find a connection for harry. >> picturing harry reid and john boehner dancing to behind closed doors is just wrong. >> you don't want to go there. >> during the healthcare debate you had a guy come on tv who was a speed reader. >> they should have been done with this thing but he is not. he came through saying wait a minute. there are a lot of

for first business news, i'm jackie keenan. a recent survey from boston consulting group finds 54 percent of companies plan to or are seriously considering reshoring jobs to the u-s. coming up...what's glittering in gold? chart talk is up next. and...the jobs report trumps taper fears-- bill moller will be here next with a money manager who saw that coming. what "else" he sees" ...after this "in the know" message. hi, i'm ben affleck, and many actors have played the part of a u.s. serviceman in the movies, but for veterans like james crosby and so many other brave men and women, his service and his sacrifice for our country are real. outside baghdad, a rocket attack blew up my humvee, killing one of my marines and leaving me paralyzed. [ben affleck] when james returned home, he, like many others, was in no condition to cope and advocate for the services he needed. fortunately, paralyzed veterans of america's trained experts were there to help him so he could concentrate on getting well. for over sixty years, paralyzed veterans

. >> breaking business news the pore tune 500 company that made history this morning naming a woman ast cetera new c.e.o.. >> police officer lifts the k fine officer in the car with a man in the driver's seat. excessive force? or perfectly fine? >> traffic is heavy on southbound 680 into walnut creek area and heavy and possibly slippery out there, as well. we have black ice in parts of bay area because of the frigid [ female announcer ] at 100 calories, not all food choices add up. some are giant. some not so giant. when managing your weight, bigger is always better. ♪ ho ho ho ♪ green giant tomato florentine soup, it took a little time to get it just right. [ ding ] ♪ but finally, it happened. perfection. at progresso, we've got a passion for quality, because you've got a passion for taste. >>> covering santa rosa, berkeley, and all the bay area. >> the bay area is waking up to another area of bone chilling temperatures. >> day seven is creating more problems for a lot of people but opportunities for some. >> our reporter is at the bay fair bart station. >> it is still very cold. you

one caveat is that they just bought the store >> so totally new business or not? >> right. if they took over it they have to honor it. >> good luck. >> yes. >> thank you. >> candle stick park days are numbed. >> the man with the plan. >> coming up hearing from a hospital now for the first time since a judge issues a ruling in favor of the family of a brain dead teenager. that will be in a live report. plus, teachers coming to the rescue of a run away school bus, you'll see wh to thosuffered in silence... hoped... and lived in a state of fear... welcome to a new state... of health. welcome to covered california. the place to find quality, affordable coverage. financial help for those in need. and nobody can be denied because of a pre-existing condition. enroll now at coveredca.com or call 800-675-2607. >> candle stick park will host the last regular season game monday night. for many there are mixed feelings and today, wayne freed man spent time with people who plan to remake candle stick point. after more than half a century we're getting down to three days and counting. >>

it's time for business news with kate moody. we are going to start with unexpectedly good news about the economy. the commerce department revised upwards its growth estimate to the fastest pace in two years. new data indicated gdp had grown at a rate of 4.1% between july and september, from a previous estimate of 3.6. that was boosted by strong consumer and business spending, and it underscored cautious optimism about the future of the economy as it said it would start tapering back at stimulus program. barack obama said the economy is stronger than it has been in a long time. >> the unemployment rate has steadily fallen to the lowest point in five years. fiscal situation is firmer. >> that news has given wall street a boost. u.s. stocks trading in positive territory this friday. the dow and s&p hitting records at the last day of the trading week. european shares seeing their best we can eight months. they are still seeing the effects of a strong rally after the federal reserve announcement this week. the did not react much to ne