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Nov 28, 2013
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lauren simonetti has the tips you need to know before you hit the stores.t viewers are thankful for this thanksgiving. ready to run your lines? okay, who helps you focus on your recovery? yo, yo, yo. aflac. wow. [ under his breath ] that was horrible. pays you cash when you're sick or hurt? [ japanese accent ] aflac. love it. [ undehis breath ] hate it. helps you focus on getting back to normal? [ as a southern belle ] aflac. [ as a cowboy ] aflac. [ sassily ] aflac. uh huh. [ under his breath ] i am so fired. you're on in 5, ck. [ male announcer ] when you're sick or hurt, aflac pays you cash. find out more at aflac.com. : get in line early for those big ticket items. lauren simonetti shows us that's just the beginning. >> i am here with maureen an avid black friday shopper. she has already laid out her plan of attack. we are joined by personal finance expert. he will show us how to get the best items for the best prices. what is your strategy? >> this is a day for serious shopping knowing what you want getting it and getting out. >> having a plan and stra
lauren simonetti has the tips you need to know before you hit the stores.t viewers are thankful for this thanksgiving. ready to run your lines? okay, who helps you focus on your recovery? yo, yo, yo. aflac. wow. [ under his breath ] that was horrible. pays you cash when you're sick or hurt? [ japanese accent ] aflac. love it. [ undehis breath ] hate it. helps you focus on getting back to normal? [ as a southern belle ] aflac. [ as a cowboy ] aflac. [ sassily ] aflac. uh huh. [ under his breath...
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Nov 20, 2013
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lauren simonetti at new york stock exchange.her than gold if you want to blame the fed. gold really taking a hit today but it had a lot of action including a halt in trading. >> absolutely. gold prices settling at a four-month low an down continuing to move lower in electronic trading. look at them. some of them are down almost 4%. so the gold sector and gold mining stocks getting really hit hard today. liz: wow, but a halt for half an hour in gold trading because it fell so dramatically. lowe's shares sliding into the red reporting third quarter earnings we have before the bell that did not thrill investors, lauren. >> they raised their outlook for the year. it just wasn't enough to please wall street. one trader told me, lowe's and home depot. we like home depot, not lowe's. david: jcpenney may have a future after all. [closing bell ringing] jcpenney was up about 7%. wells are ringing on wall street. jcpenney is happy of other people are but we say it has been worse than it was. dow is trading not at the session lows but it ma
lauren simonetti at new york stock exchange.her than gold if you want to blame the fed. gold really taking a hit today but it had a lot of action including a halt in trading. >> absolutely. gold prices settling at a four-month low an down continuing to move lower in electronic trading. look at them. some of them are down almost 4%. so the gold sector and gold mining stocks getting really hit hard today. liz: wow, but a halt for half an hour in gold trading because it fell so dramatically....
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Nov 20, 2013
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the floor of the new york stock exchange and lauren simonetti. her this afternoon. lauren: very tight trading. we are an hour away from the meeting minutes at the federal reserve. in the meantime, up arrows across the board. the nasdaq and the s&p 500 are reversing two straight days of losses. this is an interesting stock, the number one loser this year on the s&p 500 down more than 50% but it is the number one winner today despite a wider than expected loss. it seems investors are thinking november is a good month
the floor of the new york stock exchange and lauren simonetti. her this afternoon. lauren: very tight trading. we are an hour away from the meeting minutes at the federal reserve. in the meantime, up arrows across the board. the nasdaq and the s&p 500 are reversing two straight days of losses. this is an interesting stock, the number one loser this year on the s&p 500 down more than 50% but it is the number one winner today despite a wider than expected loss. it seems investors are...
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Nov 20, 2013
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the floor of the new york stock exchange and lauren simonetti. all three major markets are moving higher this afternoon. lauren: very tight trading. we are an hour away from the meeting minutes at the federal reserve. in the meantime, up arrows across the board. the nasdaq and the s&p 500 are reversing two straight days of losses. this is an interesting stock, the number one loser this year on the s&p 500 down more than 50% but it is the number one winner today despite a wider than expected loss. it seems investors are thinking november is a good month so far for that retailer and they are getting optimistic about the holiday season. lori: thank you. adam: hopefully somebody is optimistic. some bad news may be coming. management trouble have abercrombie and fitch worried about losing their spot in the s&p 500. according to a report, the shares are taking a hit over the last year. jcpenney shares lost half of their value. indexes looking to make room for a spi spinoff starting to trade november 2. lori: shares of deere on an upbeat. expecting const
the floor of the new york stock exchange and lauren simonetti. all three major markets are moving higher this afternoon. lauren: very tight trading. we are an hour away from the meeting minutes at the federal reserve. in the meantime, up arrows across the board. the nasdaq and the s&p 500 are reversing two straight days of losses. this is an interesting stock, the number one loser this year on the s&p 500 down more than 50% but it is the number one winner today despite a wider than...
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Nov 4, 2013
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back to you ladies. >>> lauren simonetti joining us. thank you very much. >> incredible images after a plane plunges to the ground. survivors frantically trying to rescue others in the spoeld smoldering debris. what authorities say caused the deadly crash. >> why decorative lights for the washington monument are turning off. ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪ ♪ hah >> brand new out of bolivia. a plane carrying 18 people crashed overnight and burst into flames killing 8. you can see people in the video frantically searching for sur rivers. the cause of the crash still unknown but the plane landed in heavy wind. the tsa ordered an investigation. a 18 people were in the van when it was hit by a car who didn't stop. the driver of the van was killed the other driver took off but was captured a few blocks away. two people are recovering after getting hurt during a wind storm in seattle, washington. crazy video shows
back to you ladies. >>> lauren simonetti joining us. thank you very much. >> incredible images after a plane plunges to the ground. survivors frantically trying to rescue others in the spoeld smoldering debris. what authorities say caused the deadly crash. >> why decorative lights for the washington monument are turning off. ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly...
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Nov 7, 2013
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lauren simonetti is live for us in the new york stock exchange. what can we expect today?> i am the first reporter down here bringing you what we know about twitter's ipo. if you look behind me you can see the white scares on the floor of the new york stock exchange. those are twitter symbols. they are listing and they will be traded at the barclay's booth right behind me. this is what we know. shares priced higher than expected $26 a pop valuing the social media site at as much as $18 billion. this is getting so much buzz because it's the second biggest technology ipo ever right behind facebook. this is a lot different than facebook, but a lot of people are comparing the excitement we are seeing today leading up to this ipo to what we saw last may. if you are a regular person sitting at your computer trying to buy computer stock, can you buy it at the ipo $26 a share. you have to know one who knew someone or you have to ride it as the market rides higher today. for first day ipo trading stocks have doubled in many instances this year. the average first day for a tech ipo
lauren simonetti is live for us in the new york stock exchange. what can we expect today?> i am the first reporter down here bringing you what we know about twitter's ipo. if you look behind me you can see the white scares on the floor of the new york stock exchange. those are twitter symbols. they are listing and they will be traded at the barclay's booth right behind me. this is what we know. shares priced higher than expected $26 a pop valuing the social media site at as much as $18...
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Nov 20, 2013
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let's go back to lauren simonetti on the floor of the new york stock exchange. f fortunes very quickly, lauren. >> reversal of shares after-hours. they were popping 7%, david, at one point. now they're down 2 1/2%. looking through the headlines and through the release to see why and i'm seeing nice news. sales indicate k pods up. so got to be something in this report and we will continue to go through it. tough remember, while these shares are up 50% year-to-date, the past three months they have been under pressure. a lot of high-profile hedge fund twice, like david einhorn shorting stock. watch comments from that side of the spectrum here too. coffee bean prices. brazil has a record crop right now. that is keeping commodities down. that should help them. i don't know if there was a change there. this is really interesting, to see the share price be so volatile in the after-hours. david: they are indeed. this happens quite a bit where you see people's positions kick in as a result of what happens. shares are trading down about 1 1/2%. thank you very much. lauren
let's go back to lauren simonetti on the floor of the new york stock exchange. f fortunes very quickly, lauren. >> reversal of shares after-hours. they were popping 7%, david, at one point. now they're down 2 1/2%. looking through the headlines and through the release to see why and i'm seeing nice news. sales indicate k pods up. so got to be something in this report and we will continue to go through it. tough remember, while these shares are up 50% year-to-date, the past three months...
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Nov 25, 2013
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lauren simonetti is next.ood luck getting them in good shape. >> aunt betty the christmas gift has a chance of showing up banged up. it finds ups has a chance of damaging by fed-ex. no damaged packages in this study. ex box gamers drove more than 3 million miles in motor sports friday. xbox won selling more than a million units in the first day on sale. it was quite a feat for maker microsoft. rival sony saw rival stations of play station four showing smart phones haven't killed the gaming after all. microsoft raked in $100 million more than sony so far. >> the hunger games sequel catching fire opened with 171 million that's the highest opening of all time. dark world second place comedy best man holiday came in third. delivery man and free birds rounding out the top 5. ladies, i haven't seen any of those. have you? >> i have not either. i haven't made it to the movies in a while. >> we will be christmas shopping. >>> 12 minutes after the top of the hour. the man accused of killing michael jackson with a deadl
lauren simonetti is next.ood luck getting them in good shape. >> aunt betty the christmas gift has a chance of showing up banged up. it finds ups has a chance of damaging by fed-ex. no damaged packages in this study. ex box gamers drove more than 3 million miles in motor sports friday. xbox won selling more than a million units in the first day on sale. it was quite a feat for maker microsoft. rival sony saw rival stations of play station four showing smart phones haven't killed the...
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Nov 19, 2013
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lauren simonetti joins us with that and more top news. >> jp morgan expected to announce a $13 million civil settlement for the securities that collapsed during the 2008 knac national crisis. it is the largest ever reached between the government and the company. to put 13 billion into perspective it is about half of the net income in 2012. we have been reporting this story. the deal will be announced later today. >> of that total 4 billion will be set atiside to help struggli homeowners. hyundai will introduce a new hid again car. it is expected to debut next year. it will be a small tucson. hydrogen cars no pollution. 8 states recently pledged to put more of them on the road over the next decade. if you are heading out of town a they confirm traffic on wednesday before thanksgiving will be three percent higher than last year. the reason is gas prices are lower. if you are filling up today you are paying 3.21 a gallon. that's $0.21 less than this time last year. congratulations to all of you drivers out there. we will take it. the holidays are here. >> very close. >> a brand new hire.
lauren simonetti joins us with that and more top news. >> jp morgan expected to announce a $13 million civil settlement for the securities that collapsed during the 2008 knac national crisis. it is the largest ever reached between the government and the company. to put 13 billion into perspective it is about half of the net income in 2012. we have been reporting this story. the deal will be announced later today. >> of that total 4 billion will be set atiside to help struggli...
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Nov 1, 2013
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lauren simonetti has more on this and other top business news. >> they are called flex spending accounts. a lot of us are offered them by our employers but few of us actually use them. the irs and treasury department are trying to change that by making it more appealing for americans to set aside pretaxed money for medical expenses. a federal roulette workers carry over what they set aside for the new year. that puts an end to the 30-year-old use it or lose it policy. after the sugar high from all of the candy americans go shopping. that's why wal-mart is kicking off the holiday season a month early. you can go to wal-mart.com for 300 holiday deals that were originally for black friday. the they have 4 inch tv for 300 bucks and certain tablets selling for 50. it is a great time to be a shopper. the battle of your holiday dollars are fiercer and the holiday is shorter between thanksgiving and christmas. they will pilot the old original content. two new hour long dramas will be available on amazon instant. the after from the creator of the "x-files". unlike netflix which releases all of th
lauren simonetti has more on this and other top business news. >> they are called flex spending accounts. a lot of us are offered them by our employers but few of us actually use them. the irs and treasury department are trying to change that by making it more appealing for americans to set aside pretaxed money for medical expenses. a federal roulette workers carry over what they set aside for the new year. that puts an end to the 30-year-old use it or lose it policy. after the sugar high...
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Nov 8, 2013
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lauren simonetti has more on this story and other top business stories. >> we are talking about a tweetwitter making his wall straight debut surging 27 percent closing at 44.90 after hitting 50 bucks a share at pricing at 26. if you are worried you missed out on the first day pop? recent history shows you will be able to get in at a much lower price in three months. some social stocks face planting. that includes facebook, link linkedin. >> air fair watchdog says frontier does a good job being on time delivering bags on time and good fairs and a lot of promote codes. virgin america and jetblue came in second and third. the next time your office is shipy with you throw them a snack. a study says one in four workers had a fall out with their boss because they are hungry. tired workers say they even pro cast nate on funding such as social media. the average worker snacks two times a day mid morning and 2:55 in the afternoon. i thought those times were interesting. she doesn't eat that's why she looks so good. >> that leads us to the brew on this question of the day. have you had outbursts
lauren simonetti has more on this story and other top business stories. >> we are talking about a tweetwitter making his wall straight debut surging 27 percent closing at 44.90 after hitting 50 bucks a share at pricing at 26. if you are worried you missed out on the first day pop? recent history shows you will be able to get in at a much lower price in three months. some social stocks face planting. that includes facebook, link linkedin. >> air fair watchdog says frontier does a...
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Nov 18, 2013
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lauren simonetti from the fox business network has more on this news and top business stories. that's great news. >> excellent news. the dow noun 39 points shy of 16,000. it's 2013 continues to be a banner year it has been good for your 401 k, too. average 401 k balances reaching a record high of 84,300 in the third quarter up 11 percent from last year. most of the gains fueled by the stock market rise. a british company has an answer for bigger passengers trying to squeeze into tiny airplanes. that is a seat called more which can be widened and reduced in width depending on the space there. it can be moved laterally. one is the seats don't decline the second is a concept idea. sony play station four began on friday more than 1 million sold that is the fastest start so far. they will sell 5 million ps 4's this year by the end of march. if you consider yourself a black friday expert. e-mail us at foxfriendsfirst@foxnews.com or tweet us at fox friends first. where do you go first, what's your strategy? we want to know everything. please chime in and we will talk to you. >> thank
lauren simonetti from the fox business network has more on this news and top business stories. that's great news. >> excellent news. the dow noun 39 points shy of 16,000. it's 2013 continues to be a banner year it has been good for your 401 k, too. average 401 k balances reaching a record high of 84,300 in the third quarter up 11 percent from last year. most of the gains fueled by the stock market rise. a british company has an answer for bigger passengers trying to squeeze into tiny...
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Nov 12, 2013
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. >> lauren simonetti live for us. thanks, lauren. the time now 12 minutes after the top of the hour. look at this. a water tower worker falls and dangles from a rope over 100 feet in the air. the amazing rescue you have to see. >> he bought his desk on craig's list 200 bucks. you will never guess what he found inside that was worth way more than that. the day we rescued riley was a truly amazing day. he was a matted mess in a small cage. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers, you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com [ female announcer ] at 100 calories, not all food choices add up. some are giant. some not so giant.ices add up. when managing your weight, bigger is always better. ♪ ho ho ho ♪ green giant >> oklahoma senator was killed in a plane crash. he a
. >> lauren simonetti live for us. thanks, lauren. the time now 12 minutes after the top of the hour. look at this. a water tower worker falls and dangles from a rope over 100 feet in the air. the amazing rescue you have to see. >> he bought his desk on craig's list 200 bucks. you will never guess what he found inside that was worth way more than that. the day we rescued riley was a truly amazing day. he was a matted mess in a small cage. so that was our first task, was getting him...
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Nov 15, 2013
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adam: orbitz is known for to look for on a upcoming flight but our lauren simonetti spoke with the company's new venture. lauren? >> i sat down with barney harper, ceo of orbitz worldwide about an hour ago. we talked about how the travel site is growing and inked a deal with australia's second biggest travel agency, jet-set traveled h travel word. take a listen. >> we'll have a new version of traditional brands into the hello world umbrella and they looked to orbitz because of strength of our technology. >> orbitz is pushing overseas and on mobile. take a listen to how mobile is dress i canally changing the travel industry. >> 27% of our total stand alone hotel reservations being booked through mobile device, either smartphone or tablet. when you look at just 20% of the our reservation that is have been booked for same day, an amazing 60% of the those reservations are being booked through mobile devices. >> that is absolutely amazing. barney brought up this, where the hotels are putting money. that is where they see future growth. more than half of orbitz's revenue last quarter came from hot
adam: orbitz is known for to look for on a upcoming flight but our lauren simonetti spoke with the company's new venture. lauren? >> i sat down with barney harper, ceo of orbitz worldwide about an hour ago. we talked about how the travel site is growing and inked a deal with australia's second biggest travel agency, jet-set traveled h travel word. take a listen. >> we'll have a new version of traditional brands into the hello world umbrella and they looked to orbitz because of...
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Nov 7, 2013
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lauren simonetti, fox business thank you.uling by the fda that would virtually eliminate all trans fats from america's food supplies. patti ann browne with more on a this. >> reporter: that's right, harris. the food and drug administration is announcing today that the food industry must gradually phase out all trans fats. trans fats are known as partially hydrogenated oils. they're used in processed food and restaurants to improve the texture, shelf life or flavor of food but we now know they raise bad cholesterol and widely considered even worse for your house than saturate rated fat. fda commissioner margaret hamburg says the new ban could prevent 20,000 heart attacks and seven thousand deaths every year. new york city and other local governments have banned trans fats. many companies and restaurants have been phasing them out but the fats are still found in some microwave popcorns and frozen pizzas, refrigerated dough, ready to use frostings among other foods and hamburg says they remain an area of significant public healt
lauren simonetti, fox business thank you.uling by the fda that would virtually eliminate all trans fats from america's food supplies. patti ann browne with more on a this. >> reporter: that's right, harris. the food and drug administration is announcing today that the food industry must gradually phase out all trans fats. trans fats are known as partially hydrogenated oils. they're used in processed food and restaurants to improve the texture, shelf life or flavor of food but we now know...
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Nov 14, 2013
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lauren simonetti has more on this news and other top business stories this morning. hi, lauren. >> hi ainsley. good morning everybody. federal reserve chair nominee janet yellen seeks the world stage today. but she isn't expected to rock the boat. her confirmation hearings before the senate expected at 10:00 a.m. eastern time. investors want to know the one thing yellen isn't expected to say. that is when the fed will scale back the stimulus for the economy. she did say this in prepared remarks. will a strong recovery will enable the fed to reduce the monetary accommodation. i believe supporting the recovery today is returning to a more normal approach to monetary policy. that policy has boosted the s&p to 34 record this year. the latest was yesterday. if you are a verizon wireless customer you can't get on the web as fast as you could. the cfo says the carrier's network quality has been compromised in big cities like new york, chicago and san francisco because of heavy 4 g traffic and some cell users are seeing their 4 g bump down to 3 g. if you are one of them there
lauren simonetti has more on this news and other top business stories this morning. hi, lauren. >> hi ainsley. good morning everybody. federal reserve chair nominee janet yellen seeks the world stage today. but she isn't expected to rock the boat. her confirmation hearings before the senate expected at 10:00 a.m. eastern time. investors want to know the one thing yellen isn't expected to say. that is when the fed will scale back the stimulus for the economy. she did say this in prepared...
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Nov 5, 2013
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lauren simonetti joins us with that. >> good morning. >> johnson & johnson paying $2.2 billion to settle criminal as well as civil charges related to schizophrenia drug ryes p risperdral. they provided a kickback for things they did not make it for. the deal is one of the largest settlements in history. >>> are you ready for the holiday shopping all nighter? kmart opening its doors at 6:00 a.m. thanksgiving morning and keeping the lights on for 41 straight hours. and plans to open at 8:00 p.m. thanksgiving night and run specials until 1:00 p.m. on friday? well polls like this. national credit counseling says half of shoppers plan to spend lesson holiday gifts this year. good news. paramount is teaming up with anc theaters to offer you a super ticket for anchor man 2. you can pay to see the comedy two-days before it is released on september 20th. but fans bought super techities f -- super tickets for world war z. they got popcorn and a poster. the tickets go on sale november 26th. >> writing that on my calendar. >> how much would you pay? we asked folks on twitter they said not much. >> s
lauren simonetti joins us with that. >> good morning. >> johnson & johnson paying $2.2 billion to settle criminal as well as civil charges related to schizophrenia drug ryes p risperdral. they provided a kickback for things they did not make it for. the deal is one of the largest settlements in history. >>> are you ready for the holiday shopping all nighter? kmart opening its doors at 6:00 a.m. thanksgiving morning and keeping the lights on for 41 straight hours. and...
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Nov 21, 2013
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lauren simonetti on fox business network has more on the story. >> this gets you into the chr christmas spirit as well. wal-mart at 8:00 a.m. the retailer will match fwlak friday deals from competitors. they are also doubling the number of sale items on the web site. you can see that as a form of crowd control people going on-line instead. they are letting you bid on a first class upgrade. you can make a bid up to 6 days before the flight. american will e-mail you if your bid was accepted. it is called plus grade. it is just a test for now. i like it. >> thank you rn, lauren. >> coming up the first amendment protects freedom of speech. it seems in one state it does not include merry christmas. lawmakers are fighting back. >> looking at a few plain janes. the women being used to recruit are too pretty to fight. we want you to brew on this. am i forgetting something? no holiday's complete without campbell's green bean casserole. wish you were here. ♪ [ doorbell ] [ gasps ] ♪ [ gong ] [ wisest kid ] m'm! m'm! good! was a truly amazing day.ey, without angie's list, i don't know if we could
lauren simonetti on fox business network has more on the story. >> this gets you into the chr christmas spirit as well. wal-mart at 8:00 a.m. the retailer will match fwlak friday deals from competitors. they are also doubling the number of sale items on the web site. you can see that as a form of crowd control people going on-line instead. they are letting you bid on a first class upgrade. you can make a bid up to 6 days before the flight. american will e-mail you if your bid was...
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Nov 15, 2013
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lauren simonetti has more on this story and other top business stories to tell us this morning. y, lauren. >> it is unbelievable, ainsley. a federal auditor has a message for amtrak. if you want to stop losing 72 million a year stop serving free buzz. passengers on some amtrak lines get free wine, champagne and cheese. passengers on the lakeshore limited and coast of star light drink free line. auto train passengers get free wine and cheese for a total of 428,000 dollars last year. there is such a thing as a free ride for amtrak employees traveling. some ride and eat for free. they are letting their employees drink at home with their families. costco and nordstrom bucking the retail trend and staying closed on thanksgiving day. they may be losing some customer traffic on the holiday but customer appreciation a lot of people are liking these retailers for the move. the next two fridays will feel like black friday for gamers. sony play station four went on sale a few hours ago but diehard fans lined up for days. take a look at some of these lines forming like this one in california
lauren simonetti has more on this story and other top business stories to tell us this morning. y, lauren. >> it is unbelievable, ainsley. a federal auditor has a message for amtrak. if you want to stop losing 72 million a year stop serving free buzz. passengers on some amtrak lines get free wine, champagne and cheese. passengers on the lakeshore limited and coast of star light drink free line. auto train passengers get free wine and cheese for a total of 428,000 dollars last year. there...
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Nov 20, 2013
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[buzzer] >> and lauren simonetti, on the new york stock exchange. >> shares are low, and they're netointing. they've raised their numbers and it's typically a bullish sign, but the increase is less than wall street hoped and lowe's is a loser. and home depoet yesterday one of the best performers on the dow. >> j.c. penney encouraging, but where are they this morning. >> it's up subly this morning. almost 9%, and as you mentioned, their margins are lower than they have been in year's past, but the holiday quarter is looking good and investors are focusing on that. stuart: and they were a charles payne pick this week and he called it. lauren, two big names, yahoo! increased its share buyback by $5 billion. the stock's up 75% this year and it's up another 2% this morning. strong sales of tractors and harvesters, giving john deere a nice boost. a weak outlook for the year, none of less, it's up this morning. priceline, they put it on the conviction buy list, better get out and buy this thing or should buy this thing. look at that, it's up $39 which is 3 1/2%. that ain't bad. and we just
[buzzer] >> and lauren simonetti, on the new york stock exchange. >> shares are low, and they're netointing. they've raised their numbers and it's typically a bullish sign, but the increase is less than wall street hoped and lowe's is a loser. and home depoet yesterday one of the best performers on the dow. >> j.c. penney encouraging, but where are they this morning. >> it's up subly this morning. almost 9%, and as you mentioned, their margins are lower than they have...
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Nov 19, 2013
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lauren simonetti of fox business breaks it all down for us. lauren? >> he did. hi, jon. we're seeing caution in the markets today sparked by what 77-year-old activist investor carl icahn said yesterday. he told a reuters conference that stock prices seem out of step with reality warning that the market could see a big drop because earnings at many companies have been gooseed by low borrowing costs and that is courtesy of the fed. the federal reserve has been praised and criticized for their easy money policies. a big reason for dow 16,000 and s&p 1800. both averages failing to close above those levels yesterday and both searching for direction today. the milestones don't mean anything. they're psychological round numbers that make people feel good about the economy and their own finances. fidelity says the average 401(k) balance is at a record $84,000. if you have more money tucked away, you might spend more money this holiday season, right? no. we just bottom warnings this morning from retailers who are not feeling the holiday cheer. best buy saying deals and price matc
lauren simonetti of fox business breaks it all down for us. lauren? >> he did. hi, jon. we're seeing caution in the markets today sparked by what 77-year-old activist investor carl icahn said yesterday. he told a reuters conference that stock prices seem out of step with reality warning that the market could see a big drop because earnings at many companies have been gooseed by low borrowing costs and that is courtesy of the fed. the federal reserve has been praised and criticized for...