just one day after apple reveals it will manufacture some of its products in the u.s., foxconn says it may follow suit. foxconn, apple's primary manufacturer in china, says it is considering expanding its operations in the u.s., where it currently has two factories. foxconn has seen its image suffer of late following revelations that workers are subjected to poor working conditions and mandatory overtime at factories in china. the company says expanding its american operations is part of a long-term global expnasion plan. american airlines is closer to flying out of bankruptcy now that the pilots' contract is a done deal. pilots have flown without a contract since 2006. under terms of the agreement, they will receive a pay raise, plus a 13.5% stake in the company worth around $100,000. in exchange, the airline can outsource more flights to partners and regional jets. the contract was approved by 74% of pilots. concerns about how the fiscal cliffhanger in congress will be resolved are sparking up short sales in the real estate market. if tax breaks expire at the end of the year, that co

foxconn has come under fire for its labor practices. apple has not revealed which product will be made in the u.s. or in which part of the country. >>> i saw this bright yellow thing in the sky i didn't know what that was. was that the sun? >> i haven't been out yet, i have to check that out. you may be talking about the sun, absolutely. it is back, better than ever and it is going to hang around for a long time. we'll talk about our threat of fog again in tomorrow morning's forecast and how that is going to lead possible 70s this weekend. >>> tough to be a mom or dad. new study finds parenthood can play a big part in how long you live. >>> plus, familiar faces helping to ring in the spirit of the holiday season. >>> i'm sure i don't need to tell you that parenthood is tough. it is actually good for your health. researchers looked at more than 21,000 couples women who gave birth were four times as likely to live longer than those who didn't. findings for men was similar they could live twice as long than men without children. >>> [ unin

foxconn has come under fire for its labor practices. apple has not revealed which product will be made in the u.s. or in which part of the country. >>> i saw this bright yellow thing in the sky i didn't know what that was. was that the sun? >> i haven't been out yet, i have to check that out. you may be talking about the sun, absolutely. it is back, better than ever and it is going to hang around for a long time. we'll talk about our threat of fog again in tomorrow morning's forecast and how that is going to lead possible 70s this weekend. >>> tough to be a mom or dad. new study finds parenthood can play a big part in how long you live. >>> plus, familiar faces helping to ring in the spirit of the >>> i'm sure i don't need to tell you that parenthood is tough. it is actually good for your health. researchers looked at more than 21,000 couples women who gave birth were four times as likely to live longer than those who didn't. findings for men was similar they could live twice as long than men without children. >>> [ unintelligible ] cha

moving on to apple and foxconn. this was a shocking story to a lot of people as to how people were treated over in china as they make iphones and ipads for apple. > > yes, it was a surprising story for many. and of course, apple, and iconic company with a passionate customer base nevertheless found itself in the spotlight over labor conditions not at its own factories, but at a supplier. what you have here is really an increasingly common phenomenon, where brand companies, companies that are well known, are held accountable for business practices that go really beyond the immediate operations that they control. > wal-mart had issues in mexico with alleged corruption happening there as well as in the united states with worker outrage, especially from people who did not want to work on thanksgiving day. > > yes. wal-mart had a tough year. you had in addition another supply chain issue in the bangladeshi factory where that horrific fire happened. then you had the corruption cases in mexico and other instances. what tha

that's a robotic plant so american workers aren't really going to be hired. >> last year in foxconn,hey had 10,000 robots. if you have robots, china's cost manufacturing advantage is really nil except for chinese consumers. >> as long as we keep drilling for natural gas and we have the shale revolution, that's going to make us more competitive. i'm not making a case for china. i'm just a little interested in the apple case. that's what i'm saying. i'm a little interested in their motives, not too much but just a little bit. you trust apple? >> no. but apple of course is doing this for political reasons. >> but if it works, it works. good for the consumer. >> ge doesn't have that same political problem. >> jeff immelt told me he wanted to move out of china -- i believe ge has shifted resources out of china. >> a lot, especially appliances and low-end goods. but small and medium-sized manufacturers are sick and tired of the corruption, the slowness and all the problems that are so evident -- >> they steal your ideas, counterfeit your products. it really isn't the wonderland of free mar

reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. > what do you anticipate for the friday trade? > > i certainly think that we will see more lower prices in the market. the s&ps last week went below 1400, this past week. we have seen that, and i think that really shows us that we're going to see more trade below 1400 in the s

factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is getting picked up by another carrier. t-mobile will begin selling the iphone next year. talks are back in the fiscal fight. according to the wall street journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to washington for more funds to cover the cost of hurricane sandy. christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with pr

he went to the foxconn plants. it has been in the news lately because of labor malpractice.hey produce a lot of our products and a lot of other products. there are a number of factors in china. one is, wage pressure, particularly on the coast as the cost of living in china rises. and as china tries to build a middle class, which is good for them and for us because there purchasing power rises, and they need to boost wages. suddenly, the cost of an average worker changes. and you have more and more men going into the work force. five years oconomowoc -- five years ago, many factory workers were women. and women are better managers, more effective workers, less likely to be disruptive or arrested. as you have more men in the work force, they are more likely to go on strike. they are suddenly having to deal with -- host: this is what follows found over there? guest: yes. and maybe the promise of outsourcing was always a little bit overblown. the incentive for going over there in the first place was to break into these huge chinese market. that has now happened. we have these fa

forbes citing taiwan economic news, amazon ordered five million smartphones from foxconn.price between $100 and 2200. i'm jane king at the new york stock exchange -- >>> in morning folks in the northwest are cleaning up the damage left by a powerful storm the weather is getting the blame for this mudslide in washington state. a 75 foot wall of mud and debris rolls off the hill into a passing train and derails it this happened monday in everett, washington a long shoreman said he had a feeling something was going to go wrong. >>> mike are with we getting their storm eventually? >> that moved to the east. more temperatures, warmest this morning, pier 1 in san francisco, 45 there 32° if you are headed -- rcv&q?c-kzo-]>n5 radar, satellite everything way from us now waiting for that next storm going to come at us from the northwest. reporting stations>ai 20s north bay valleys, 30s everywhere else until you get to san francisco officially 41° downtown. monterey 39°. three hard hitting things i want to talk about sunny today, cool, almost as chilly tonight rain on the way thursd

supplier foxconn invested in a liquid crystal display factory.uned. >>> are you tired of hitting the mute button every time your favorite program takes a commercial break? i know i am. turns out members of congress are, too. the fcc is directed to implement a loudness mitigation known as the calm act. that goes into effect today. this act bans broadcasters from blasting commercials at higher volume than the program you're watching. >> that will be handy. >>> are you a coffee drinker? listen up. it may now keep cancer away. a new study by the american cancer society says that morning cup of joe may lower your risk for oral cancer. researchers found people who drank more than 4 cups, that's a lot of coffee, of caffeinated coffee a day had half the risk of dying from mouth or throat cance than noncoffee drinkers. more research is needed. >>> is it better to work out in fact morning or afternoon? a new ucla study suggests those who exercise in the afternoon might be doing their bodies a favor. the research involving might suggest that midday exercise

there's been a lot of mess with foxconn in china. he's paid apple retail employees more money. that's good for apple and the economy. finally, he talked today about bringing over more manufacturing of macintosh computers in the united states. that's good for everybody. >> i think people will take issue saying tim cook is better than steve jobs, nick, don't you think? >> it's certainly hard to say anybody is better than steve jobs. that's not really an option, whether or not steve jobs continued to be the ceo of apple. i think tim cook has done a good job. for him to try to be steve jobs, to try to be a product visionary would be a big mistake. his real skill is optimizing supply chains and running apple's massive operations. he's done a good job of really focusing in on who can be the next steve jobs. that's johnny ive. he's the person who designed all the hardware at apple. now he's in charge of the way everything looks and feels. after steve jobs, there's a natural fight between who's going to become that next person. you have to give tim cook credit for going with johnny ive

foxconn now saying no timeline has been set. it would cost $5 billion to $10 billion following worker deaths, sudz and other things foxconn and apple has set pledged to bridge a new building steemt. >>> leo g ray kowski is the asset managements. really, leo? do you oversee $178 billion? >> i have a lot of help, swroe. >> that sounds like you would have a lot more wrinkles and look a lot more haggard if you had that responsibility. if we get a cliff deal which is looking closer, are our problems over in terms of this sort of market that's been stuck in the mud for a decade, do you think? >> i think a lot depends on time frame, but no is the short answer to your question. i think, you know, markets being discounting mechanisms, i think it's very unlikely that here in the short-term, we get the type of meaningful entitlement reform and a thoughtful and cogent tax code that businesses and individuals can rely on for many, many years. i think that's what will provide us some multiple expansion. so i think we'll get a relief and this

foxconn is collaborating with the tech giant to test designs for a large-screen, high- resolution tv. sources say that apple has been testing television sets prototypes for a number of years. >> netflix says that they have learned which enemas service providers is the fastest. they did this by attracting subscribers download speeds. netflix ranked google fiber as the speedy its internet connection in the u.s., with average download speeds of 2.5 mb per second. but the bad news google fiber is only available in just one place right now which is kansas city, kansas. for the rest of us, and netflix says bryozoan effort by all as ranks no. 2, at nearly 2.2 mb per second. while comcast, said at a close third. >> doubles e-mail service has gotten a makeover. the new revamps in box is more user-friendly and caters to people check their e-mail smart phones and tablet computers. is the company's attempt to regain some of the ground lost a google. y'alls new ceo marissa mayer this tried to give people more reasons to use the company's on-line services and stick or around longer. >> >> new this