larry ellison keeps buying malibu mansions. he has more money to do that now. i just want to say, this has been your best show by far. this has been a spectacular "fast money." >> fewest words but best show. thanks so much. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you

now this, larry ellison, top guy at oracle a check for 200 million before the end of the year becauseis paying a big dividend this year. by taking the money now, ellison actually saves 56 million bucks. 56 million the treasury will not be getting. so, nicole, the stock price, please. >> well, the stock is slightly lower, but it's just such a statement by all of these companies, not only oracle, but all of these companies quickly accelerating dividends in order-- these payouts in order to beat the fiscal cliff and keep the shareholders happy and in turn, some of these leaders of the companies like larry ellison, as you noted. getting 200 million dollars. so, this will be his payout and what's interesting though, he wasn't involved in the vote because he owns 1.1 billion shares, now, i wonder if he said, i'll have this one out. >> i wonder, it's another story of the rich avoiding the tax the rich policy. okay. and actually, nicole, hold on a second because i've got another special dividend to tell you about, just announced and this time it's a cruise ship operator carnival and the compa

in the case of these dividends like larry ellison did, this is money people would have been getting in 2013. granted they're getting it at better tax treatment by getting it in 2012 but they are not -- >> as himself. >> there are not nearly $200 million just for him. they're not pushing this money out in 2013. that could be a little bit of a pull on a negative out in 2013 for all the ones doing what larry ellison is doing. >>> we'll hear from one of the companies, ethan allen ceo will be here to discuss his decision and why he believes it's the best use of his capital right now. there he is, he's coming up. but first, home builder tulle brothers, double digit growth. shares up 60% thus far. make room for the stock in your portfolio. shares of bank of america having the best year since 1991. a look at whether this rally will hold on to next year. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you wa

what is ceo larry ellison's cut on this? is it $199 million as reported a minute ago? sounds like it's around $200 million. you had that great interview with him where he's talking about his dream of buying the lakers. this might help him do that. $200 million. his tax savings alone on this, if dividends are now at 15% and they go up to over 43%, his tax savings alone, just by doing it this year, over $60 million just on the tax savings. this does make sense for those really big shareholders like larry ellison. >> you know, he's the ceo of the company. so, you know, we could look at him and say, okay, well, he's saving all this money but the savings ripple through, right? >> absolutely. >> if you're a shareholder you're saving a huge amount of money, particularly if the dividend goes to 44%. >> absolutely. his take of this is a tiny portion of the billions of dollars that american shareholders throughout this market are saving. you look at something like sheldon addleson. this is spilling through the market and we'll see a lot of accelerated income for shareholders thi

larry ellison chimed in.ly, larry ellison said in qe-3 they'll be turning the corner in hardware revenue and in q4 expect growth and improving margins. >> thanks. you see the stock moving higher towards its previous highs. >> 52 week high. what we haven't mentioned i think might be the most important metric in oracle, the new licensing method was up 17%. they shop out there and continue to show how well they integrate. the problem is we will start pushing up against the 36 level, had been the top 12 years ago and in '09, if i'm not mistaken or '07. keep a look on it. i think it has more room to run, maybe 34, 35, then might be time to take the money off the table. >>> also 52 week highs in shares of sales. >>> meanwhile, bopoulty group, e builder hit its highest levels since april of 2006. do you have the stomach to stay in a trade like pou orkpulte orn williams? >> the question is, are you bullish enough? it will continue easily to the early part of next year and contrarian enough to say. watch the headlines

sailing has finally entered the 21st century, fueled by larry ellison's billions and a band of young, brash athletes. sailing is now getting the fans that flock to nascar. >> you can see what's happening on the water. you can capsize these boats. you can crash them hard. these boats are pushing hard. you push too hard, it can be catastrophic. >> reporter: he also flipped during a americas cup series race here in the bay. >> got tight-knit turns. every man for himself survival. all you care about is yourself. and you're fighting each other for the best hand hold. >> reporter: his team, by the way, are in a hangar on the dock, 7:00 a.m. every morning, working out. >> play ice hockey. play some american football. >> running, grinding, pulling ropes. >> reporter: i thought sailing was kind of -- >> on the coast at sunset. no. >> reporter: they're sailing twice as fast as those mono-hauled racing yachts of not so long ago. >> we strap heart rate monitors on the guys. and it looks like a couple of guys having heart attacks. >> reporter: what is the angle that becomes dangerous when you flip

the payout for larry ellison will exceed 1$198 million.hen you consider potential tax rates difference, that's serious money. >> real money there where you go up as high as 41%, yeah. from where we are right now, absolutely. the most tax efficient way to deal with dividends is not to have them at all. and actually run real growth companies that don't return anything to shareholders and power everything back into your business. >> a lot of companies have more cash than they need. >> i'm just saying. >> you're a purist. warren buffett wants you to hold your stock. last night on "fast" saying most individuals we deal with do not have taxable accounts. so what. he says that, listen, we're making far too much of this. jim, directly against me on this. it's very important issue that dividends will be highly taxed. that's a deal breaker not to have it. that's another tim geithner here's the way it has to be go over the cliff or else stance. >> so last night on "mad" you did have a shopping list of sorts if in fact the smoke clears. amazon, visa,

as corporations offer dividends now to avoid potential taxes next year, larry ellison from oracle will198 million from a special dividend. should investors buy or sell oracle? > > you see a lot of people chasing into these special dividend stocks. you see costco, dillard's, some of the casino stocks, people chasing in to try to get that special dividend. i don't really think it's a play. i am not trading it. > > i like this stock, but i think it is a bit ridiculous for him to save $50 million when he is worth $41 billion- > > top 10 in the world, i think. > > $41 billion! that is a little bit ridiculous. but, the stock has been trading in a range between $30 and $33 in july, looking like it wants to break out to these recent highs at $36. so a $29 call for july of next year- > > but you're not going to get the dividend. > > -is going to cost you- > > but you're not going to get the special dividend. > > -$4. the dividend has nothing to do with it. i like the stock, and i like the fact that we have been trading sideways for the last six months. > round number two: price power. coffee is

. >>> larry ellison's oracle racing team is being accused of cheating. an italian challenger claims the team has been spying by planting someone in an inflatable boat and taking up close images of the italian and new zealand yachts. an international jury is considering the allegations but experts say the accusations are overblown and that the competitors are constantly looking for an edge. the finals are scheduled for september in the san francisco bay. >>> local democrats want to make sure offshore drill something permanently banned in the bay area. they are asking the president to create a new no-drilling ocean preserve from bodega bay to point arena in mendocino county. the protection will be california's largest ocean preserve in 20 years and has been endorsed by governor jerry brown. >>> the oakland police department has agreed to hand over authority of the command staff to a court-appointed director. that move came in response to the threat of a federal takeover of the department. oakland has failed to meet a federal judge's order to make rerms agr

. >>> officials with the america's cup boat race say larry ellison's oracle team spied on a competitor. an international jury delivered the verdict. the jury said the oracle team came too close to an italian rival's boat and took photos during a race in auckland, new zealand last month. the oracle team has been ordered to hand over pictures. a decision on penalty is still pending. >>> from egypt, early indications suggest egyptians are poised to approve a controversial constitution after today's final vote. an official from the muslim brotherhood political party said after almost 4 million votes had been counted and about three quarter of those were cast in favor of the constitution. supporters of the islamist president mohammed morsi said the constitution is vital to move to democracy, but opponents say the text favors islamists and limits the rights of christians and women. >>> pope benedict xvi granted his former butler a pardon today, forgiving him for stealing and leaking private papers. he was arrested in may after vatican police found what they called an enormous stash of papal

larry ellison did not participate in the dividend decision. figuring out the credit- worthiness of american consumers is the focus of a monday buyout. technology services firm computer sciences is selling its credit information unit to equifax. the price is $1 billion. the business supplies consumer credit information to auto dealers, mortgage companies and even utility providers. the market likes the deal on both sides. the seller, computer sciences saw its stock rise 3.2% to a new 52 week high. the buyer, equifax jumped to an all-time high, rallying 4.2%. four of the five most actively traded exchange traded products were lower. the lone gainer was the s&p 500 volatility note, which usually moves in the opposite direction of the broader market. and that's tonight's "market focus." >> tom: when hundreds of companies are doing the same thing, just how "special" can a one-time dividend be? as firm rush to send money to shareholders ahead of the fiscal cliff, and threat of higher taxes on dividends, tonight's word on the street is "special." jil

larry ellison didn't take part in the decision, but he will benefit. he own as 23% stake in the company, so he'll receive around $198 million. yes, you heard it right. oracle stock down 0.8% despite that in frankfurt. still to come, interest rates in australia are moving down. down under. find out what central bank is worried about when we come back. >>> australia central bank held its rate setting meeting. matthew taylor has the details. >> the market had been pricing in a 25 basis point rate cut and the reserve bank delivered with an early christmas present. central bank lowering the cash rate to 3%, this is the lowest level since the height of the global financial crisis back in 2009. the rba says while it's still waiting to seat impact of its previous 150 basis points of rate cuts work its way through the economy, the global outlook is still seen to the down side and judge policy easing was appropriate right now. it does point to some signs of strength, though, particularly in china saying growth there appears to have stabilized and says the europe

diner shoe warehouse and larry ellison with his company.s ellison has about $200 million in the payout although he was in the involved in the decision to do so. lori: thank you, nicole. melissa: we have live pictures coming in from egypt. thousands of people gathering in tahrir square in cairo to oppose egyptian president morsi's new constitution. some were able to push past police lines. walid phares is here to talk about this situation. huy serious is it getting for president morsi? >> it is getting serious for president morsi day after day. the morsi people will try to organize demonstrations in support of the president. the muslim brotherhood are a very strong organization. what we didn't know or most of us didn't know, the opposition, secular, democratic liberal opposition that started arab spring two years ago is ready to confront morsi and stop him from transforming egypt into a full islamist state and terrorist regime as well. lori: how could, walid, how could president morsi do this power grab? how could they rush through the draft

cents a share on december 21st, and, by the way, that's a nearly $200 million payout to the ceo larry ellison may be an investor's jackpot, but the stock jumped after announcing there's a $2.75 share on top of the quarterly dividend of 25 crepts a -- cents a share. let's be sure here, it's not just the shareholders, but the executives get payout because they own the stock, obviously, but everybody is there when it's there money. the major averages, nothing wrong with that, but the major averages, that's what you look at, barely moving today, but what's find out what levels traders watching with the move. joining me now, bobby heller from on point executions. pulledded him off the floor right here to our data wizard, and let's pick up on the s&p because that's what traders look at. what do you see and looking at as far as levels are concernedded. >> we broke through a 200 day moving averages last week with the great up days everybody's talking about to kind of a round number, and we're there's a bias to continue the uptrend, and people who are afraid with the fiscal cliff negotiations or nonne

three of the biggest paydays will go to sheldon adeleson, tom frist and larry ellison. together, they will get $1.75 billion checks before christmas. and their tax savings there could be more than $490 million. so, what will they do with all this money? mandy, as you said, they are hoarding it. it is going into money markets, treasuries, some real estate but private bankers tell me it is not going into stocks or holiday spending, so it's not creating jobs. they are really just moving that money -- that income from 2013 to 2012. >> what does it mean in terms of the landscape next year? what is the impact on the economy? >> for the government, the biggest impact n 1986, we'd similar thing, capital gains went from 20% to 28%. what happened is capital gains collections doubled in 1986 and then fell by half the following year, we can expect our government will have more than expected tax revenues this year and next year, when taxes go up, everyone will say, see, the tax hikes didn't work, we actually collected less revenue. and so the danger is we build program of this year'

malibu, california tops the list of listings with 63 listings. 10 million or more of course the larry ellison driving up premiums. he is buying a lot of homes. and aspen, colorado, this home just hitting the market. we are announcing it right now. $40 million in the starwood development plus your neighbor would be john paulson, the hedge fund guy. 2013 could mark the return of the nine-digit house. several homes for a hundred million or more. the versace mansion in florida, price, $125 million. can you see more mega homes and meg why prices at cnbc.com. >> so malibu, beverly hills, aspen and isn't a barbasanta ba. >> and they took out new york, because central park would be in top five or top ten. it is all ex new york. and it is really california and aspen. >> and what about amex for -- >> i think they should include us the next time around. >> california and aspen, two blu beautiful places to live. >>> was the bailout worth? stick around. "power lunch" is back in two-minutes time. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that'

take larry ellison. he's the ceo of oracle. they are paying dividends three quarters ahead. that means a payday for mr. ellison of $198 million. his shareholders will also do very well and i wish them all happy holidays to beat the tax man. now, president obama wants higher revenues and higher tax rates but you know it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax re

larry ellison stuck a fork in that negativity by saying with this acquisition, quote, sun has alreadyn to be the most profitable, strategic and profitable acquisition oracle has ever made. i'm sure the skeptics will say, whoa, hold on, this hardware purchase has been a gross margin killer for years and years, but ellison is telling us it's the program software that came with sun that's made a huge deal and that's made this trade a winner. and now that the hardware portion of the acquisition has been downsized, he expects the news will get better and better. what customers are buying this stuff? who is spending? well, they give you a hefty client list because the skeptics have to listen up. their engineered products and that's what's doing the best. include united arab emirates, expedia, macy's, u.s. bancorp, chevron, time warner cable, vodafone and walmart. companies with lots of money that are growing, growing aggressively. and choosing oracle to manage the numbers and cloud migration. people are getting out of having their own dumb intel boxes putting their data instead in the cloud

we know larry ellison has been working on that, doingns in ord accelerate in the cloud computing area. that's an area that actually did well for the company. another thing we should note is accelerated dividend payouts for three quarters starting on december 21st like so many companies that we have seen. these are some of the action that we have seen here for oracle now after the bell coming out with numbers that beat the street on both the top and bottom line. so it's a good one. back to you. david: thank you. well the back and forth inside the beltway continues. the white house makinggsome concessions on taxes from the original offer, but then rejecting speaker boehner's plan b proposal. liz: what are the main sticking points? listen, this news flow is changing moment by moment. joining us now from the nation's capitol, fox business's rich edson maneuvering all of the flows here. what are you hearing, rich? rich: well the difference is basically few hundred billion dollars in spending cuts, tax increases and how much to raise the debt ceiling. they have come pretty far away in the l

larry ellison, $199 million from the oracle dividend. his savings alone, $56 million. tom frist at hca, the hospital operator, will get more than $350 million from that company's dividend, saving $100 million. kkr and bain, also a big piece of that dividend. the king of all dividends this quarter, sheldon adelson, he gets $1.2 billion from that sands corps dividend. his tax savings alone could be more than $340 million. of course, as tyler mentioned, all shareholders benefit from dividends, many of the ceos and owners reduced themselves from these dividend votes but the companies tend to have higher insider ownership. the average inside ownership for these dividend payers is around 27% that's much higher than the overall average of 7%. yes, tyler, good for shareholders but even better for the large shareholders. back to you. >> this, of course, all driven by the tax hike. you got to say those people who say taxes really don't make that much difference, it does change behavior. >> absolutely s seeing the market, not just in these dividend bus people selling stocks. >> h

the largest shareholder larry ellison recused himself from the board's decision by will collect $200ut. by moving payments up to 2012, ellison will save 56.5 million bucks in taxes. >> general motors is having production of chevy cruze in ohio because of supplier issue. the automaker wouldn't give specifics but only said they would restart production as quickly as possible. >>> automaker ford is revving up production in the first quarter. >>> another down day for the markets. at the closing bell the dow is off, 59 call it 60 points. that is the latest from the fox business network, giving you the power to prosper. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex offffice. david: sales of smail businesses gaining momentum in the third quarter despite uncertainty over tax, government spending and regulation. sandra: our next guest says we're in a buyers market for small businesses but that co

to the victor go the spoils, and in 2010 larry ellison, founder of software giant oracle, won the cup america. ellison's prize, besides bragging rights, was to get to choose where the race would be held next. his choice was to bring the contest to his home waters: san francisco bay. ellison concocted a series of regattas all around the world-- for competing teams from 11 countries-- designed to build enthusiasm and excitement for the main event: america's cup 2013, where 72-foot boats will plough through the bay. these preliminary races featured boats that measure about 45 feet long, with carbonfibre hulls and wing sails, as described by racing announcer andy green. they're the same sailors. they're the same teams, the boats are just a little bit smaller. so essentially it's their practice racing. this is just to get everyone excited and passionate about the sailing. the prelims going on now-- with the showdown next year-- will be the first time spectators can easily view the races from the land. usually these events were far enough out to sea that watching them was much easier from a

larry ellison keeps buying malibu mansions. he has more money to do that now. just want to say, this has been your best show by far. this has been a spectacular "fast money." >> fewest words but best show. thanks so much. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still believe he's right. i think a lot of the delayed orders,ing in particular the server space that are going to benefit apple, or rather oracle, hit in 2013 much more aggressively because the pause button is off. >> let's hit the biggest pops and drops. >> delphi being added to the big index. i got to say, this is one of the most successful reemergences from chapter 11 organization. already 35. it looks l

that's not like a lot of money for larry ellison. >> people have been saying this is a big deal, but that what you want to have the chairman have the same as the shareholders? >> are they saying it's a degreedy ellison? the dividend at oracle is not why you buy the stock. >> i don't know how you win. you want the top executives to get the same. >> less than three quarter of a percent yielder. anyway, our next guest is one of the world's highest profile whistle blowers. michael woodford was president and ceo of japan's olympus corporation. his dream job turned in to a nightmare when he discovered the company had hidden more than $1 million in investment losses. he has a new book out called exposure. you had been at the company for a while but you were not the president and ceo. >> i'd been with the company for three decades. but became president on the first of april and was fired as president and ceo on the 14th of october. so 6 1/2 months. >> was it the previous ceo that orchestrated this? >> yes, he's admitted his guilt. >> and chairman was in cahoots? >> the former chairman and ceo

the biggest single beneficiary of oracle's decision is larry ellison, he'll get $190 million in dividende $29 million of that to uncle sam. at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in amer

sailing has finally entered the 21st century, fueled by larry ellison's billions and a band of young who flocked to nascar. it also flipped during an america's cup world series race here in the bay. >> every man for himself, survival. >> reporter: his team by the way are in a hangar on a dock, 7:00 a.m. every morning, working out. i thought sailing was kind of, you know -- >> -- rum and coke at sun set. >> reporter: yeah. >> no. >> reporter: they're sailing twice as fast of the mono-hulled racing yachts of not so long ago. >> are you going to flip over? it depends, the unreassuring answer. >> if you're not getting close to capsizing, you're probably not pushing it hard enough. >> reporter: are you pushing yet or just crazy? >> nick watt, on san francisco bay. >> get in on the action, paula, bet you look good on the high seas. snoop out on the poop deck? >> there you go. >> you look a little constipated in the photo. little constipated in the photo. [ male announcer ] sponges take your mark. [ female announcer ] one drop of ultra dawn has twice the everyday grease cleaning ingredients