ceo was in new york today to launch this new application which is called instagram direct, and jo ling kent was there at the launch, and she joins us with this.

jo ling kent has details. >> good news from china.evenue, beat slightly 59 cents per share which is a beat of 5cents per share. revenue is a little bit light, 6.4 billion. we were expecting $6.44 billion. looking at revenue in north america, $2.8 billion, just about in line with estimates. looking at china, china future orders are up 4%. we were expecting 2.7%, so definitely beat the street there. on other end revenue from china $629 million. the estimate was for 5$8 million, so a very nice beat on both ends. right now nike is up slightly after-hours. david: you miss on revenue but china is growing and they're selling more into it. that is good news. >> yeah. david: after-hours the stock is about where it ended the day, a little tick up than down but basically unchanged from where it enddd. jo ling kent, thank you very much. liz: we'll see if they breaks out the nike band numbers. david: mark zuckerberg selling shares worth billions of dollars. what is goiig on? is facebook trying to build up its war chest for another big acquisition?

jo ling kent, thank you very much. well, this guy -- albright, the night -- the guy you're about to meet is no grants, ticketed on black friday after he tossed $1,000 in bills of the railing at the mall of america while the group performed let it snow. and in a youtube video the man city had a tough year and wanted to throw out his last thousand dollars to spread some holiday cheer. a charitable act landed him a disorderly conduct ticket by the police who claimed that this was just a publicity stunt in an attempt to help him get his estranged wife back. well, it's certainly got in some publicity. adam: that is one way to say you are not getting it, sweet. lori: that's true. you hit the nail on the head. adam: they're getting divorced. from breaking up the banks to giving a boost. lori: former chairman of how banks can capitalize on delivering loans. the payload economy. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,

liz: jo ling kent, at heart of it.n the bronx, with details how the shipper is handling, what jo, i can only imagine is massive rush? >> that's right, liz and david. it is a massive rush. if you're a fedex driver you have 100 single stops every single day. 200 packages on average. a lost packages headed across the country. this is part of the second shift today of the trucks coming back and shipping out packages across the country. what is really interesting here. even though this is historic day for fedex, you can also check online, take a look at paypal and see how they're doing. as of 2:00 eastern time, their mobile payments alone up 109%, a huge increase compared to cyber monday, 2012. and here at fedex they're certainly feeling a lot of that pressure as they move packages. they expect it is only going to get busier as the month continues. thousands of packages here in the bronx being processed as part of 22 million packages going through the entire fedex global system today alone, their busiest shipping day in his

our own jo ling kent hit the streets to track the trends.an never have too much "money." ♪ ♪ melissa: no question, it is all about shopping right now. where are you spending your "spare change" this holiday season? are you trudging around to real retailers or are you couch surfing while buying online? is a twist on today's shopping trend. turns out, love of cyber sites are turning back to tradition. jo ling kent hit the streets to see what was going on. >> after years of saying traditional brick and mortar stores just were not worth it, a slew of hot new spots are pouring money into all school retail. the question is, is it worth it? started as the exclusively online retailer. four weeks ago the co-founders opened this old-fashioned barber shop in new york offering shades, erica its command their products. >> over 90 percent of commerce happens offne today, and for our product especially we would loveo go into every single one of our customers personally about how to shave. >> here this save shoppers become so busy they are often booked soli

jo ling kent up in the newsroom. thank you very much.as the big five with the producer. with all of the taper talk in fiscal uncertainty, where should you be investing your money? our next guest has over 11 billion in assets under advisement and says it may not be where you think. we are talking about the emerging markets and other overlooked areas of the economy the baby missing out on. let's bring in conversion of advisers ceo. want to start out with the emerging markets because year 2012, 2011, there was some pressure. seems like their is a bullish tone for these investments, more so than u.s.-based. >> sure. we do a lot of work on valuation and momentum. evaluation is certainly in place because they are very, very cheap. emerging markets usually traded 15 times earnings. and then the momentum peas, they just started the up trend. when you combine those to our shows a you end up with an average return of or 15%. we have cheap assets that are just turning the up trend. cheryl: let's get more pacific. where would an undervalued emerging

our own jo ling kent hit the streets to track the trends. never have too much "money." ♪ [ male announcer ] did you know that if you wear a partial, you' almost twice as likely to lose your supporting teeth? try poligrip forartials. poligrip helps minimize stress which may damage supporting teeth by stabilizing your partial. care for your partial. help protect your natural teeth. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ melissa: no question, it is all about shopping right now. where are you spending your "spare change" this holiday season? are you trudging around to real retailers or are you couch surfing while buying online? is a twist on today's shopping trend. turns out, love of cyber sites are turning back to tradition. jo ling kent hit the streets to see what was going on. >> after years of saying traditional brick and mortar stores just were not worth it

i want to go live to jo ling kent in our newsroom right now. what are we expecting?> well, we're expecting a statement from the president of course earlier this year he was in south africa. he visited robin island with his family. he saw the cell where nelson mandela washe was imprisn 1990. south african president, assume ma is saying tonight. our nation lost a greatest son, his humility, compassion and humanity earned him our love. mr. assume ma, the president of south africa said the mr. mandela's death is greatest sorrow. this is president speaking of mandela's family. so much our people would be free. very emotional words from the president of south africa. melissa: here is president obama. let's listen in. >> nelson mandela closed statement from the dock saying, i have fought against white domination. and i have fought against black domination. i have cherished the ideal of a democratic and free society in which all persons live together in harmony and with equal opportunities. it is an ideal which i hope to live for and to achieve. but if needs be, it is an ide

our jo ling kent was at instagram's big reveal today, she'll bring us the details next. >>> and facebook's has just gotten another boost. is it too late to jump in, or is there still time to profit from facebook's rally? we'll ask an all-star panel next. ♪ muck. ♪ ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in theast five years - making bp america's largesenergy investor. our commitment has never been stronger. lori: and the fcc has voted 3-2 to continue talking about whether or not to lift the ban on using your cell phone b on airlines. we'll continue to follow the story. the ban itself has not been lifted, that's not what this vote was for. this vote was simply 3-2 in favor of continuing to discuss whether or not the ban should ultimately be lifted. continue to follow that for you. in the meantime, instagram has unveiled a

jo ling kent covering the story and has more details. jo? >> dave, you're right.ies publicly agree that spying hurts their industries and they banded together to push president obama and members of congress to action saying they quote, strongly believe current laws an practices about surveillance need to be changed. aol, apple, facebook, google, linkedin, microsoft, twitter and yahoo! created reform government surveillance coalition and said in open joint letter we understand that governments have the duty to protect our citizens but this summer's revelations highlight urgent need to reform government surveillance practices worldwide. the letter says the balance in many countries tipped too far in favor of the state and away from the rights of the individual, rights enshrined in our constitution. this undermines the freedoms we all cherish. ceos including twitter's, marisa mayer off yahoo!, facebook mark zuckerberg and ceo of google larry page put forth five goals. they're calling on government to limit surveillance to specific users, not to collect data in bulk.

from td ameritrade. >> i'm jo ling kent with your fox business brief.department says domestic oil production will surge to a near all-time high over the next two years. according to the department's annual outlook, u.s. oil output could reach 9.5 million barrels a day, just under the 1970 of 9.6 million barrels per day. industrial production in november jumped by the most in a year led by rising auto out put the gauge increased 1.1% double the .5 increase. >> >> fda has tighter rules on anti-bacterial liquid of soaps. there is no evidence that germ-killing hand soaps or body washes that they're more effective than regular soap or water than preventing illness or effective. chemicals in these soaps could interfere with hormone levels. that is the latest from fox business, giving you the power to prosper. adam: rumors flew last week that billionaire investor carl icahn was buying shares of hot microblogging website twitter. but charlie gasparino is here to lay that rumor to rest. are people pulling their hair out? >> we should point out twitter is down af

dagen: thank you, jo ling kent. connell: looking forward to talk to t. boone pickens later this hour. we'll get into natural gas which he has been talk about for last couple years. entry into the mutual fund business. boone pickens. dagen: if you hate your family, you're in luck a glut of movies is opening on christmas day and around christmas day, including there you know, another reason to show you video of leo decaprio. connell: if you hate your family you're in luck. china is not only news which v. chinese lending, rover on the moon. first mission to the moon in 37 years. from china. we'll get to that on "markets now." oil is up, 97 and change. th is th icksver ca baccardrom pione. 's not th"lim theash i rnry mth" rd. 's not th onlearnecenrewas athe g staon" rd. it'she ngame noigni up, everay-rardi, kungu-fiting silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what's in your wallet? everywhere, e

metucil. 3 amazing benefits in 1 super fer. >> i am jo ling kent with your fox business brief.ting up factories in mexico and china and will build more cars outside of germany for the first time next year. audi aims to sell 2 million cars overtake luxury champ bmw by the end of the decade. a possible ceo succession plan. the current head of boeing defense division closer oversight of the day-to-day physicians with the current ceos. the world's largest processor will relocate 75 employees with no layoffs planned. they considered sizing telethon minneapolis and indiana. that is the latest from the fox business network, giving you the power to prosper. connell: for naughty fcc is considering lifting his ban on calls in flight, but today delta said they will not allow it. regardless of what the fcc does, airline would continue to ban in-flight calls. on the phone with us right now presumably not from an airplane is bob crandall. what do you think of the move? >> it proves richard anderson is a smart guy. connell: he got out ahead of this. >> it is a very good business move. all of

joining us from a fedex shipping center in the bronx, new york, jo ling kent from the fox business network jo? >> reporter: hey, jon. fedex is expecting an 11% up tick in shipments on cyber monday alone. it is the earliest day in december they have ever seen in terms of the busiest day in history. so a lot of records to be broken but also some news. of course, fedex delivers millions of packages and are they concerned about amazon's new drone technology in a statement to fox they tell us, while we can not speculate about this particular technology but i can say making every customer experience outstand something our priority and anything we do from a technology standpoint will be with that in mind, jon. so, very interesting response there they don't seem terribly concerned right now but, hey, we may see drone technology in the future. a little bit more information on fedex. look at some busy packages we saw this morning a truck heading out. it was thousands of package that is were shipped out this morning across the area. 90,000 trucks have been deployed across the country today including

jo ling kent interviewed the ceo and founder. she is here with the story.nt on a bad date. >> certainly came from her personal experience. a lot of women are getting a huge kick. women can rate guy friends and ex-boyfriends and sign in anonymously through facebook and. men can opt out with a few clicks. i bet at love people are right now. it is raising all kinds of questions about privacy and double gender standards. here are some popular hashtags to rate men. makes me laugh. six-pack. epic smile. man-child. snuggle machine. sketchy call log. insecure and gold digger. now, taking a look at lulu by the numbers, three million users are signed up according to lulu. 400 million profile views. 50% of the users re creating content. with so much buzz i asked the ceo, alexandra chung is major brands and advertisers trying to get in on the action. >> quite a lot. actually at the moment, brand, women control about 80% of consumer spending. so certainly brands and advertisers want to reach this type of audience, especially the younger audience that they can stay with

david: joining us with details, jo ling kent. scinating stuff. >> it is really, and something that affects a lot of us directly. microsoft waited for months watching a botnet called zero access that infected millions of computers around the word. with the help of fbi, law enforcement overseas and a court order microsoft attacked on thursday, cutting off act es ses to servers primarily based in europe. microsoft investigators targeted zero access botnet because it fraud anti-ly bills $2.7 million a month with online advertisers with link bait. to get a sense how many computers are affected on daily basis, look how many were targeted december 1st and 2nd alone. 22% in the u.s. 8% of those computers were in india. 6% in italy. turkey, 5%. 47% were in other countries. about there. so if you're wondering why microsoft is investing so much on counterattacks because it has to defend its own products. the binge search engine, bing ad exchanges and windows are prime targets according to the company. as digital ad business grows experts say

jo ling kent will investigate that ahead.hat you are never too rich to want freebies. we'll tell you why sir paul mccartney needed help from his friends at the mets became last night. tracy: with the snow coming down in the east delay your christmas gifts? god, i hope not. heroes at ups on its busiest shipping day of the year. as we do at this time of day. look how oil is changing, pretty much unchanged at this time. $97.31 a barrel. we'll be right back. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if theymbrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. tracy: we got to give you a quick weather update. a winter weather advisesy in 13 states as snow continues to fall. totals of four inches for philadelphia, new york, maine, new hampshire, massachusetts could see upward of six inches in accumulations. commute ho

jo ling kent joins us now. yeah, they're calling for limited government surveillance in an open letter to the government, president obama, members of congress saying in order for us to function you have to limit the amount of surveillance, and we have to have products consumers can trust. look at the companies signing onto this letter be it at aol, facebook, google, linkedin, twitter, yahoo. all of the ceos going on board with it are big names that a lot of people look to for guidance on this type of stuff. mark zuckerberg has been very vocal about it, marissa myers, larry page, and this is what they said in the b at the balance in many countries has tipped too far in favor of the state and away from the rights of the individual. also saying we know government has a duty to protect their citizens, but this revelation highlighted the urgent need to reform government surveillance practices worldwide. they are really coming down hard on this in a very public way. there is a name missing. amazon is not on there. tr

before we get that story from jo ling kent, we have some big tech companies for you to look at. ♪ dagen: they're normally fierce competitors, but apple, google and facebook are uniting in a letter to the federal government. connell: it's at the top of every news site this morning, these eight large tech companies calling for limits on government surveillance, jo ling kent joins us with the latest. >> reporter: this list does not include amazon.com, the world's most well known tech companies have publicly banded together to push president obama and members of congress saying they strongly believe current laws and practices about surveillance need to be changed. aol, apple, facebook, google, microsoft, twitter and yahoo! created the reform government surveillance coriggs and said in a joint letter last night, we understand that governments have a duty to protect their citizens, but this summer's revelations highlighted the you were gent need to reform practices worldwide. the letter goes on to read: the balance in countries has tipped too far in favor of the state and away from th

jo ling. let's all go to the lobby. jo ling kent. thank you very much.s liz claman's entire interview with amc entertainment and ceo, gerardo lopez. he is ready for his close-up, mr. today mill. that is liz claman 4:00 p.m. eastern on fox business. cheryl: bitcoin is under attack. the price of the virtual currency is crushed as they are forced to stop accepting deposits. adam: the budget deal in washington, d.c. is closer to becoming law but there is another one brewing, this one on the debt ceiling. on republican demand that president obama is unlikely to negotiate. ♪ life's an adventure when you're with her. and i. but your erectile dysfunction - it could be a question of bod flow. cialis tadalafil for daily use lps you be ready anytime the moment's ght. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sex

jo ling kent right there at a shipping center in the bronx. what are you seeing in d.c.? repeats a different companies? how would imagine amazon, overstocked,. >> that is right. i have seen plenty of amazon boxes. in fact allow when we asked fedex is said they are not too worried about that impacting their business. we are all -- actually on a shift number two as far as the loading and shipping is concerned. absolutely flooded. 22 million packages to be processed on cyber monday alone. the biggest day in history for fedex. you can see, they are loading boxes onto the conveyor belt. at 11% uptick from last year. if you do the math, 125 packages per second. looking at the stock price, ready hitting all-time highs. also expecting them to hit a record high after the close of the head, $139.86 which will be a record close. so good news despite the vast retail forecast that we have been hearing about. fedex is really doing some good business. we will see how that folds of. liz: thank you very much live. the closing bell ringing in about 50 minutes. last fall word. of what you t

let's go to jo ling kent for more. jo, i heard there was drama in the courtroom? someone fainted? >> yeah, that's right. steinberg himself actually fainted according to reuters just as the judge was announcing jury would come into room and deliver what would end up being a guilty verdict. what happened paramedics went inside. they took his blood pressure. he drank some juice. he stood up again. the judge said we do care about your health. they ended up proceeding from there. he was convicted of one count of conspiracy, four counts of securities fraud. and he will be sentenced on april 25th. so a lot going on in this courtroom. according to his lawyer, steinberg has actually had this happen to him before. he had similar experience previously of fainting. so this is not something new for himps. perhaps there is health issue in question, melissa. melissa: what does all of this mean for steve cohen and sac and the rest of the case potentially against them? >> certainly, yes. this is the first conviction of an sac staff member. this could impact steve cohen and what the sec's cases aga

oracle earnings are out, jo ling kent has the numbers. >> numbers on oracle posting a beet, expecting 67, came in at $0.69 per share. revenue is mated to be 9.19 in dollars, coming in at $9.3 billion. the oracle president and cfo saying they are very pleased with their results as the cloud software subscription revenue from 1%. so that is the latest numbers we have from oracle. liz: again, we are looking at software licenses, cloud software subscriptions, those revenues down 1%. the market seems to have like this number. talking about reaction, let's get to everything from treasury yield which moved significantly higher comment moderated a bit along with the u.s. dollar, a lot of people thought this would be very dollar positive. that didn't play out, why do you think that is? >> i think it is too early to tell how that will play out. with the tapering going on the matter what anybody thinks if the taper continues, it will lead to texting. they intend not to do anything until employment goes 6.5%. once they do decide and the market will tell us the rates will go up, you will see the i

david: jo ling kent was there in new york. his feature plan out. >> it has been greeted with a collective, mff. the messaging service many were expect something exactly that. the question now can this featureture alleviate facebook's teen problem. facebook owns instagram. this puts, instagram against snap chat and twitter. ceo kevin sistrom felt it was natural extension what should come next. instagram has 150 million active users. there are big opportunities for companies to make money off direct messaging. companies and popular brand with accounts on instagram will send images to those who follow that kind of a new type of unpaid advertising strategy. as for actual paid advertising inside instagram direct, he said it was a little too early to talk about that. sharing photos that self-destruction like snap chat, they said they could create a ephemeral messaging service in the future. he left that option wide open. that is something we should expect at this point. look at twitter, it has 232 million monthly active users. they a

jo ling kent joins with us more.lot to all the social networking sites. >> absolutely, david and liz. video ads will start playing in your facebook news feed both on the web and mobile automatically with no sound as early on thursday this is part of a initial test but we know this the is beginning of a big change. facebook wouldn't indicate how much ads will cost, saying we don't disclose pricing. the goal of the test feature is to be a premium advertising format on facebook intended to reach a large audience at specific times but "the wall street journal" reporting that the ballpark range is $2 million a day for access to all adult facebook users. facebook says one of the first ads will be for the lionsgate film, divergent specifically for facebook. no word what other companies will be posting soon. >>> now other developments on facebook you should know about. earlier this week the social media giant add ad donate now button for non-profits to take contributions. good idea but there is convenient side-effect. facebo

liz: jo ling kent had the opportunity to speak with lulu's ceo, alexandra chong joins us with more.ting this is something really getting a lot of attention. >> that's right, liz and dave. three million american women are on lulu right now. it is suppressing globally fast. they just launched in brazil. one of the most downloaded apps there. here is how it works, basically any man on facebook is automatically up loaded into the lulu system. then he is rated on a one to 10 scale of hash tags like hot friends, nerdy but i like it. just friends. never asks questions. can't build ikea furniture, jekyl and i'd. there are some more. there are major legal and privacy concerns. i asked ceo alexandra chong, what she thinks about how the company and the app is going to respond to that? >> we thought about those from the very beginning as we constructed the product. we built the product in accordance with local regulation and law and really wanted to make sure we had a very safe place. and, we built the product, really around those kind of core things. >> of course, great buzz around an happ lik

here to explain to my fox business jo ling kent. but today changed?ially it used to be 056. now it's up to 75. there are so many more choices. the idea -- melissa: mickey. >> this seems like it is more choices, more chances to win, but in reality is less. so the good news is that you actually have higher chance of winning the smaller prizes. i believe it's one in 15 to get a smaller price. of course hitting the jackpot is that much harder. melissa: and i heard on the radio that sense the change the rules that no one has won the big jackpot. i mean, from a commercial standpoint it is clever because you keep the big number growing, growing, growing if no one wins, which brings all this publicity. we are all talking about it. the same time you have smaller winners. so that is good. more people walking around saying, at least one something. >> is definitely good for business. in virginia the lottery coordinator says that 70 percent of all of their tickets are bought on jackpot date. if you extrapolate that across a $1 billion jackpot or even the one that

. ♪ >> i am jo ling kent with your fox business brief.ential cruising the highest level since august. national association of homebuilders, wells fargo housing index hit 58 in december of that from november 54 reading. lowen-lowercase-letter cause the core index was up 2 tenths of a percent. prices for both reported expected to rise by one-tenth of a percent. glaxo smith kline will topped telling doctors to link to the drugs. and coming up, the plaintiff that convinced a federal judge to rule against the phone surveillance program exclusively on "markets now." that is the latest from the fox business network, giving you the power to prosper. (vo) you are business pro. you can separate runwayridi. se. from fason that flies off the shelves. and you...rent from tional. because only national lets y choose a car in the aisle... and go. you can en take a full-size or above,nd still pay the mid-size price. (natalie) ooooh, i like your style. (vo) sdo we, business pro. so do we. go national. go like a pro. it's not the "limit the cash i earnvery

although it dropped a little bit today after one analyst downgraded the company, jo ling kent is withox business network. she joins us live with more on this jo? >> the stock is red hoot all week and closed at all-time high. it made it larger than time warner cable, target and viacom. in fact through yesterday the stock nearly tripled from its $26 ipo price thanks to recent advertising move like targeting specific ads to groups of users. the run may come to an end today to a company that is still not profitable. he downgraded rating from neutral to underperform. this essentially means sell. here is why in an e-mail. we continue to believe twitter as a company has a bright future and many opportunities ahead however as a stock we believe nothing has changed over the last 15 days to justify the rise in valuation, unquote. the analyst also raised concerns over white differences in revenue estimates for twitter and just doesn't have that many employees. it is half the size of facebook and it will take time for the company to beef up its workforce. back to you guys. harris: jo, thank you.

. >> i'm jo ling kent with your fox business brief.ies & exchange commission is investigating barnes & noble restatement of earnings announced in july. it is also investigating allegations that the company improperly allocated some expense accounting. barnes & noble spokesperson says we can not comment on why the sec is investigating the restatement. >>> consumer sentiment jumped in september to preliminary reading of 82.5. that is the highest reading in six months but up from the final november number of 75.1. >>> apple paid $60 million for its legal battle against samsung. the two mobile giants are engaged in tense litigation over intellectual property. there have been two trials in california and juries awarded apple $930 million so far. that is the latest from the fox business network, giving you the power to prosper. cheryl: realtors in miami are finding a clever way to sell high-end properties pairing the homes with expensive works of art. fox news's phil keating in miami with the details. phil? >> hi. it is a happening here in s

. >> i'm jo ling kent with your fox business brief the royal bank ever scotland has agreed to pay $100e regulators to settle allegation that is it violated u.s. sanctions against iran, burma between 2005 and 2009. pandora shares are down, after rival spotify launch ad free music service for smartphones and tablets. spotify has 24 million active listeners. pandora has 70 million listeners. this is the steepest pandora drop-off since september. >>> focus is the new case study by the organization for economic cooperation and development. the eocd mapped out the supply chain for the ingreed insof nutella and found it take as global effort from nearly every continent to make nutella a reality. that is the latest from the fox business, giving you the power to prosper. ashley: in today's medical dollars report you might remember the hit '70s tv show, i do, the six million dollar man, starring lee majors, remember that as the first bionic man. hollywood fantasy now reality with the debut of the world's first bionic eye. it was created by a company called second sight. the company president, dr

. >> i'm jo ling kent with your fox business brief.o chair the federal reserve likely come before the senate next week. senate majority leader harry reid says the senate will consider yellen's nomination after tuesday's budget deal vote and wednesday's defense authorization bill vote. >>> dave and buster's is exploring either a sale or ipo according to reuters. the combination restaurant and arcade chain has hired goldman sachs and jeffrey es on potential sale. that could value the company more than one billion dollars. >>> boeing says machinist union leaders in washington state reject ad second contract offer to build a new 777-x jet in the state. union leaders say it is the company withdrew the latest offer. the company's offer is still on the union table and in their hand. that is the latest from fox business network giving you the power to prosper. lori: twitter under fire from the twepps it involves mean tweeters the right to block them or not. dennis kneale here is explain. what a turn around in short time. >> they put the policy

>> i'm jo ling kent with your fox business brief.ia which owns 27% of charter communications believes a time warner cable and charter merger would generate $700 million in annual synergies. this is according to reuters. time warner cable executives believe savings would be less, closer to 500 million. >>> pending sales of existing homes drop for the third straight month. the national association of realtors index fell by 4.3% in november. because of low inventory and higher mortgage rates. 4.9 million homes sold last month. that is the lowest number since december of 2012. >>> mortgage rates have increased again. according to the freddie mac the average rate for a 30-year fixed mortgage jumped to 4.47% up from the previous week of 4 heroin 42%. that is the latest from the fox business network, giving you the power to prosper. adam: well the latest financial film, the wolf of wall street hits the screen next the jordan belfort, real life "wolf of wall street" was protected by none other than than bo dietl, right investigator for rich

. >> i'm jo ling kent with your fox business brief.ice depot will keep its global headquarters in boca raton, florida. after merging will know based officemax the company considered to moving to former officemax location in napierville, illinois. >>> small business sentiment increased slightly in november. the national federation of business independent businesses optimism rose by nearly a point. up from october's reading of 91.6 but small businesses say they anticipate increases taxes and regulations and health care costs ahead. >>> the commerce department says wholesale inventories rose 1.4% in october. that is more than the expected .3 of a percent increase and above september's 0.5% rise of the that is the latest from the fox business network, giving you the power to prosper. adam: okay. now that the final details of the volcker rule have emerged and lawmakers are taking it to a vote which wall street firm has the most at risk are with these strict new regulations? charlie gasparino is here with the details for us and who is going