the margin will be significant.nelli is losing won women because of abortion and more. 83% of the virginia voters are opposing the tea party. that means something. that means that the republican reboot that happened a year ago, which we haven't seen yet, hasn't worked, hasn't appeared and really need to think about how they will run in the future because what they are doing isn't working. >> take a short break and come back with the latest election update from d.c. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is. i get out a lot... except when it's too cold. like the last three weekends. asthma doesn't affect my job... you missed the meeting again last week! it d

that's 90% gross margin business. very high. fulfillment expenses they added 20 fulfillment senses last year. they're getting closer to the consumer. that could improve their shipping costs by say, 1300 1500 basis points as they send products from my house in new jersey from kentucky. i think they have pull to drive leverage and margin. i would argue their track record in the past proves they're a disruptive company that knows how to enter new markets and drive great revenue and ultimately profitability. i think this is less of a show-me story than others in the space. >> we'll leave it there. we'll keep watching amazon. thanks. great points on both sides of the equation. >>> a lot more to come on this busy edition of the "closing bell." up next -- >> all right. let's have a listen. ♪ >> things don't always work like they're supposed to. good thing the government exchange website isn't the only place to buy health insurance. just visit wellmark.com/simple or call today. >> some companies are using the healthcare.gov glitches to

and new jersey's republican governor, chris christie was re-elected by a large margin. minimum wage. supporters of a rising minimum wage put it on the ballot for a statewide vote. and the voters essentially overruled their governor's veto at the same time they turned him back for another term as the the state's governor. associated press called this race. new jersey question too. that will bring new jersey's minimum wage from the federal minimum of $7.25 an hour up to $8.25 and hour and annual cost-of-living adjustmentmes. big change for minimum wage workers in the state of new jersey. more ahead. stay with us. when you vote for flo, we'll have discounts. ice-cream discounts. multi-cookie discounts. pizza loyalty discounts! [ kids chanting "flo!" ] i also have some great ideas on car insurance. [ silence ] finding you discounts since back in the day. call or click today. i like her. they're the days to take care of business.. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free

the interesting thing about margins, the fact the iphone 5s is strong, speaks to good margins. last month, people were worried about the afterlelele because of margins and newer margin phone. turns out that's not a problem. >> you're bullish if you think pit goes to 555? >> yeah. i see potential down side to 495. this is a 50 day moving average. on the upside, highs of the year a 555 a plus or minus $25 move from here. i don't think that's a great risk reward to buy the stock. i want to set up options trade giving me better leverage to the upside and defines my risk. >> let's get to dan. we want to crack open the playbook. it's a bullish strategy you buy one call and sell two against it. to protect yourself you sell one higher. this sounds trick kit. you want this bo to go to two strikes you're short. that's where you make the most money. that's your target for the stock. >> when stock was 5.18 1/2 i bought 525, 575 for $4. i bought the 525 december calls for $15. i sold two of the december 550 calls at seven each for 714 and bought two december that cost me $4. between 579 and

of margins and the new lower margin phone. and it turns out evidently, that's not going to be a problem. >> dan, you are clearly bullish, you think the stock could run to five five five. >> this is a holiday, it will be a sentiment trade. when i look at the chart, i see probably potential down side to 500. like i said, on the upside i see about the highs, 555. it's a plus or minus $25 move from right here. so i don't think that's a great risk reward just to buy the stock. that's why i want to set up the options trade, which gives me much better leverage to the upside and defines risk. >> let's get to dan's bullish bet, using a call fly. kind of a tricky trade. we want to crack open the playbook to see how this works. a bullish strategy, you buy one call and sell two higher strike calls against it. to protect yourself, you then buy one even higher strike call, sounds trick each. but this is the bottom line, you want the stock to go to the two strikes you are short. that's your target for the stock. so dan, what's the trade? >>

white voters went for the republican by this huge margin. this does not mean that 47% of white people voted republican in texas. it means that white people voted for john mccain by a 47-point margin. black voters picked the democratic candidate for president by a 96-point margin. the black vote in 2008 in texas was 98-2 for barack obama. for latinos it was a similar huge margin for the democrats. the democratic ticket did better than the republican ticket among latino voters in 2008 by a margin of 28 points. there is just a stark, stark racial divide in the voting patterns in texas. again, this is the '08 presidential race. i would show you the 2012 presidential numbers, too, but, weirdly, texas did not get exit polled in 2012, some sort of cost-saving measure or something, so there aren't 2012 numbers. but you can see between 2008 and 2010, there is a consistency over time. in the last governors race in texas, in 2010, there was also a disparity in income. households making over $50,000 all went republican. households making under $50,000 a

gross margin did fall. and a drop in merchandise margin.s reined in the expenses so the bottom line got a cushion. if it's upping the promotions gain, you know jc penney feels the pressure to double down. it's got to pull out the stops to win back that sale-driven shopper. he says, he's, quote, not giving away merchandise, adding the discounts are no deeper than they were in 2011, remember that was when we had the comparable promotional model. later said in some cases jc penney has had to sell items below cost to clear merchandise brought in by ron johnson that hasn't been well-received. that doesn't help profitability or lack thereof. now, jeffreys says it's tough for almost all apparel retailers to drive margin expansion right now with heightened promotions ahead of the holiday. that's just going to be the new norm. >> what is the -- i haven't been to a jc penney since the sort of transition. i was there under the -- under the ron johnson transition. what's it like now walking around? >> it depends on the stores, different sizes, differen

margin debt is, again, at historical highs.all it takes is those marginal speculators being afraid of an interest rate increase to dump positions. the fed doesn't have to do anything to tighten the monetary system in my opinion. all it takes is the fear of inflation by those marginal speculators to cause that correction. you want to watch -- liz: that's a question for brian battle then. are you seeing a lot of margin calls coming in or at least a trickle that would then be sort of the crack in the dike at this point? >> yeah. you won't see margin call until rates start to rise. remember, that's what happened in 2008. really 2007 and 2008 was the global margin call. people had borrowed and bought a bunch of stuff, and when they had to liquidate, when they had to coffer, that's what caused the spiral down in the market. it was the leverage. if there's leverage in the system, it cuts both ways, it's going to be bad news if we get rising interest rates. and it might not necessarily be inflation, it might be just the fed saying hey,

they have operating margins below 1%. walmart boasts better operating margins, 5 or 6 times better.le everyone must think this is a must own technology because they love technology stock because they love the products and services, i'm sorry, i don't think it is from risk versus reward. >> victor, that is the classic argument against amazon. they don't turn a profit consistently. >> i hear that argument all the time. i think amazon is one of the best in class technology companies on the planet. it is one of these generational stockses, i think, that all growth investors should own in a portfolio. a high multiple stock but it's supported by multiple different growth propellers. number one, actually four different growth propellers. number one, taking share in e-commerce as well as retail. 8% of retail e-commerce grow into 50% by 2015. you buy into that stock, you buy into that growth curve, up and to the right. you compare that to other technology companies and growth curve is going the opposite way. >> you think shares going to 15% or 50%? >> 15%. >> that's a doubles. >> it's a huge

white voters went for the republican by this huge margin. this does not mean that 47% of white people voted republican in texas. it means that white people voted for john mccain by a 47-point margin. black voters picked the democratic candidate for president by a 96-point margin. the black vote in 2008 in texas was 98-2 for barack obama. for latinos it was a similar huge margin for the democrats. the democratic ticket did better than the republican ticket among latino voters in 2008 by a margin of 28 points. there is just a stark, stark racial divide in the voting patterns in texas. again, this is the '08 presidential race. i would show you the 2012 presidential numbers, too, but, weirdly, texas did not get exit polled in 2012, some sort of cost-saving measure or something, so there aren't 2012 numbers. but you can see between 2008 and 2010, there is a consistency over time. in the last governors race in texas, in 2010, there was also a disparity in income. households making over $50,000 all went republican. households making under $50,000 a

you talked about the margin. we had a very good margin in the third quarter.he big guys and we'll be fine. no one else is coming into the u.s. market. door for new entrants has been slammed shut by consolidation. we think that is dangerous. we think that is where price competition has come in the past. david: david crush, thank you for coming in. >> thank you. david: janet yellen's opening statement for tomorrow's testimony has been release and wouldn't you know, peter barnes has all the details. peter. >> liz and david, janet yellen says she will keep current fed policy going, that unemployment at 7.3% in october is, quote, still too high. she made no direct comments on the fed's $58 billion a month on quantitative easing bond purchases or when the fed should start tapering that but she says, quote, i believe supporting the recovery today is the surest paths to returning to more normal approach to policy. in these very short remarks, just three pages and talks more about inflation to try to keep that under control. that is one area her critics will question h

latinos voted for the democrat by a margin of 23 points. of course, in the overall sense, the white population was the largest proportion of the vote overall, so the republican candidate carried the day in that governors race in texas in 2010, but the racial disparities were really, really, really stark. same thing in the presidential race in texas in 2008. it was barack obama running against john mccain. white voters went for the republican by this huge margin. this does not mean that 47% of white people voted republican in texas. it means that white people voted for john mccain by a 47-point margin. black voters picked the democratic candidate for president by a 96-point margin. the black vote in 2008 in texas was 98-2 for barack obama. for latinos it was a similar huge margin for the democrats. the democratic ticket did better than the republican ticket among latino voters in 2008 by a margin of 28 points. there is just a stark, stark racial divide in the voting patterns in texas. again, this is the '08 presidential race. i would show yo

. >> but a decent margin business. >> comfortable, but--exactly. >> yeah. >> do you make the ice creamere on the premises? >> no, we don't actually make anything here. we use co-packers, a few around the tri-state area, and we travel to the co-packers when we need to manufacture, make sure they're to our quality control. >> what does that cost to go there? >> a lot. >> i'll bet you they are anywhere between 20% and 30%, yeah. >> co-packers are third-party vendors who manufacture and produce product for small companies. mr. green tea gives up about 20% margin by using co-packers because they don't produce the product themselves. 20% margin on $2 1/2 million of revenue means they're giving up about $1/2 million a year in potential profit by not making the product themselves. >> we have grown 20% every single year for the last five or six years, and the only reason we're not growing more, especially this year, is we physically can't get enough ice cream. there's logistics in the manufacturing and getting the product here. >> and for that matter, since we can't fill certain orders, we're n

it's when they talked about the margin compression. that's built in now that you have nearly a 10% pullback. for those that have been waiting, when you look at this company, they're executing and doing everything they should be doing, doing it the right way, and i think the fact they're able to pull out some of the money with the floor space and compete against amazon as states start to bring in taxes, that make it is a buy at these levels. >> yeah, i agree with most of what pete said. the problem is i happen to think most of that, if not all, has already been more than priced into the stock. keep in mind, this thing was priced for bankruptcy in january. the shorts were all over it, and there was no hope. management should be commended. they've right-sized the business. they fixed the expenses, and they've done all of the right things. but this stock is now up 285% since that began, and now, you have them quote/unquote competing with amazon, which is hilarious, because am glazon is not-for-profit. on the call, they were dodgy when peop

social benefit -- msb -- and marginal social cost -- msc.these curves tell us is that, as we produce cleaner and cleaner air, moving towards the right, the added social benefits begin to decline and the added social costs begin to rise. this makes sense intuitively, i think. reducing the first and worst air pollution brings us a lot of social benefit. getting extremely clean air is somewhat less important. also, as the los angeles case shows, producing somewhat cleaner air is not too expensive, while producing very, very clean air would have been disastrously costly. so what the economist says is apparently fairly simple -- keep on cleaning up the air until the added -- the marginal social costs begin to exceed the added -- the marginal social benefits, until the intersection of these two curves. i say "apparently simple" because measuring these social costs and benefits is not always that easy. schoumacher: from the 1990s and into the new millennium, we saw record floods, record high temperatures, more crop failures, longer droughts, meltin

but the margin would become pressed. if you do cap ex, top line for another company, you would have a recovery which would be stronger than expected. and then, indeed, we've done a 35% average on average every year. i don't think we're going to do 35%. >> stephane, we'll take a pause. still to come, china anchors itself with a 230 million euro deal in kabul. we'll have an exclusive interview with the greek shipping minister, coming up. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ 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. >>> when y

csiq just got margins. guiding q4 margins to 13. so if they come out and disappoint slightly you will get negative moves. >> so even for the solars that you do like, at this point, at these valuations given the runs would you say take profits? >> no, no, no. >> so continue buying them. >> be long exposure to projects. it pains me to say this. you want to be very cautious into earnings. >> gordon, thanks. getting a boost today. news of a partnership. the two private ups fuelling stations, and will also open three throughout the loan star state. >> thanks for having me. >> will this be acreative to earnings? >> yes. we built those stations and when you are able to load them up with this type of volume, it's earnings. absolutely. >> what kind of pressure are you feeling? they like what you're doing but they are concerned about your cash burn. they are concerned that there could be a need for more cash. can you address that? >> i'm sure. melissa, really from an operations perspective, we had adjusted ebitda of about $4 million. we're ab

it's margin compression. these retailers came through '08 and '09 and they know thou manage their expenses in order to make a profit. >> who are the big winners? walmart came in and said they were going to offer plenty of discounts. that put plenty of retailers into a tailspin, a bit of a panic. who wins and who loses? >> i think macy's wins, tjx wins, michael kors will win. limited should win. best buy, outside of my office the traffic, the line went straight down the block. >> but best buy said their margins would be compressed. >> right. >> what would you do with this stock, best buy? >> if i could buy it or sell it, i'd buy it. the reason why? great expense structure to make profits down the road. >> dana will be with us all morning. >>>'tis the season for early spending sprees. joining us now is richard barry, the toys retailer and merchandising officer. how are you? >> i'm great. how are you? >> i'm great. give us a sense of what has been going on overnight for you and what you're seeing today. >> we op

proof knit margins picked up and there will be a time they come back down but that doesn't mean theren't bright spots in the space. the chinese solar names performed particularly well. >> partly, it's because they did get extremely beaten down in 2011, 2012 and it is true that margins have improved and volumes have generally picked up partly because the chinese government is pushing solar demand in a very big way. >> reporter: u.s. based companies could see growth domestically as states provide special incentive but these companies have another advantage. >> for many of the companies, it is an international market, certainly u.s. exposure is important and the u.s. solar market does have room to grow. >> reporter: part of the big picture is consolidation,ç not just larger solar players shopping for smaller ones, also strategic players looking to get in the space. >> who might be next as a target for the large strategics and a good example, i think would be a company like advanced ennear guy indust industries. the nice thing about solar inverters, is unlike the panel manufacturers, thi

our margins are up on cost cuts. that makes sense. if gross margins continue to decline. performance since 2010, down nine of the last 11 quarters. up twice, down nine, down more than up and it will continue that way. cheryl: you disagree with the price margins. but this is why you say the company is going to make it. you say there is better execution, so you like what they're doing in stores. >> absolutely. it does invent devices, distance and devices. pull out the smart phone, see amazon has it for $100 less and buy it from amazon. the other thing is shop in shop. samsung and windows, a much better assortment, much better customer service, a much better experience for the consumer. cheryl: you have the sustainability of the turnaround plan. from the hotel industry actually said flat out, look, i don't care if i have to cut prices, i am in it to win it. >> anthony is right, people who come into the store i think best buy is executing flawlessly. we will keep those customers, they will keep the guy from coming in and buying it online. they're going to stem the bleeding. t

so intel's best bet may be the lower margin business of building from apple's blueprints. the icon of the industry has suddenly become cloudy. for "nightly business report", i'm dominic chu. >>> stocks may have rallied this week but gold didn't. today it added 31 cents but the weekly decline was 3.7%, worst in two months and on wednesday touched the lowest level since summer. this comes amid a flourishing debate about whether investors should continue to inveps in the precious metal at all. just this week, analysts at goldman sachs predicted a significant decline in gold prices but david ianhorn says it's a good idea to keep gold in your portfolio. >> what we really own gold for is just in case something goes really, really haywire. and what i'm thinking about is in terms of mostly the monetary policies but also the fiscal policies that are being run by the economy. >> gold prices have fallen around 26% so far this year. >> should you follow david ianhorn and buy gold for the portfolio? our guests have different answers. cooper says no, she's precious metal analyst and mar

. >> reporter: christie won by a lopsided 60- 3% margin in a traditionally democratic state. breathtaking dimensions of christie's win. 57% women. 51% hispanic, 21% african-americans. christie put together an impressive politico application, 66% independents, 31% liberals, and 61% of those who identified themselves as moderate. on the other side of the country colorado hosted a different kind of election, ballot referendum losing by a huge margin was amendment 66 a proposed tax increase of close to $1 billion to change school funding. after the amendment's rejection, governor john higgin looper released a statement expressing disappoint. al jazeera has more from denver the democratic governor of colorado spent a lot of personal capital on this and it was resoundingly defeated, and raises questions about his re-election effort next year. >> reporter: but the other tax question, proposition aa, a 25% tax on recreational marijuana won by a huge margin, 65-35%. the taxes are expected to bring in $70 million a year. although the dust has barely settled these results will be scruti

. >> you have to keep your eye on profit margins.it margins are at an all-time historical highs. if they go back to historical mean on profit margins, they're not going to be as high as they were if you take that historical mean, it means the price to earnings ratios are actually a lot higher than they -- >> so you're a bear. you think the markets are too expensive? >> i think it's very full of value. when green span talked about irrational exuberance at 6,000 it went to 8,000. an expensive market can get much more expensive. >> the profit margin argument, reversion of the mean, i agree with that. we're seeing good activity. i wouldn't be surprised with the margins rise. >> they did in the third quarter, they'll continue to beat expectations. >> they can't improve the margins forever. >> we have to get out. >> they have to have top levels. >> sales growth. >> i'll leave you with this thought. you need reversion, i don't know what that means. if the level of profits continues to rise, the level of profits, that is very good for level

the positive on gross margin were 6 1% to 62% was our guidance, we came in at 63% gross margins.lly solid on that. the other positives, record earnings per share in terms of nongap at 53 cents. we were short on revenue. obviously, that's something we didn't anticipate when you and i talked. and in terms of the global economy over the last three months, the u.s. feels like it's just going along kind of being stuck in that 2%, give or take a little bit. the emerging markets are a little more challenging than we anticipated and others anticipated. >> so, is that really the story here? i mean, the last time we talked, you did say that the emerging markets really were continuing to be a challenge. you saw that again. what is it going to take n your view, to get vibrancy once again in the emerging markets? what are you expecting? >> sure. what i think it takes is, first, the u.s. engine to perform at the level we should be doing, which is 3% to 4% growth. the u.s. is kind of looked upon around the globe in terms of being the place that has to lead us out of this economic slowdown. with

gross margin's a little weak. that was a little concerning.mmentary about the fourth quarter that is getting wall street excited. they didn't even see encouraging. he said, we're entering the fourth quarter with confidence. that's a strong word. you saw the stock hit all-time highs. the big question is, is this a one-off event or is this what all of retail is going to be seeing right now going into this all-important holiday season? >> well, let's bring in jan kniffin, jay robert as well, and always the expert on the retail space. as courtney was alluding to, macy's beat. is this good news for the rest of the retail sector or just isolated to macy's? >> well, i think it is good news for the rest of the retail sector because it means we won't see as much discounting as we thought we might see. i've been out in stores for the last three days. in new jersey as well as here in pennsylvania. and i've seen very little discounting relative to what i thought i might see. it's been a very strong last three weeks. and it's helped people get where they w

for instance, record high margin debt.the upside momentum slows, you're getting waning upside momentum. bearish momentum divergence. you have a bullish sentiment extreme unlike any -- that has not been seen since the bursting of the nasdaq bubble. you have a situation where as the warning signals continue to proliferate, the market continues to chug higher. but the warning signals persist. so it's a situation where you know this won't have a happy ending. but from where? so what we've been focusing on is making sure that each new corrective retreat is consistent with a bull market correction and no more. so, for instance, coming into yesterday in the s&p, we needed 1773 to hold. and we very much absolutely needed a rally today. well, it held 1776. and then it rallied. but you still have waning momentum. >> right. >> you still have decreasing breadth. record high margin. there's some background influences that we don't like. we think the longer term trend is up in interest rates and up in the u.s. dollar. we think both of t

i have high expectations that he is gonna dramatically increase his margins.im to make $3,000 to $4,000 more per car. >> hey. >> how's everything? >> michael. what's up? >> hey, michael. marcus. >> pleasure. >> hey, nice to meet you. >> how are you? >> a beautiful bmw for you. what do you think? >> i got to look at it. >> it's definitely frontline material. >> as long as the number is good, we're in. >> '07, mileage in the 60s. take a look. >> do you mind if i take a look? >> go ahead, go ahead. >> okay. okay. >> the car ran brand-new. >> yeah, these usually do. >> cold a/c, paint is still-- >> they usually do run great. >> [clears throat] good tires. >> it's all up to the number. >> i'm gonna put you on the money. i want to start this off right. 17,500. >> i was thinking more closer to 16,000. would that work? >> it would work if the car wasn't so nice. it was an original owner car. the customers took very good care of this car. >> but it's not like a 30k or 40k. it has 60,000 miles. >> it's retail-ready. 17,500. come on, man. >> 16,500, tops. >> coming up...

he defeated wayne county sheriff by a very large margin. now when dugan takes office in january, he will become the first white mayor in the city in nearly 40 years. now, dugan around here is known as being the fix-it man. he used to run the detroit medical center. during his time there, he turned the center around, which at a time was facing financial ruin. so it appears that he was able to convince voters here in detroit that he, too, can turn around the city. now, when dugan takes office, as i mentioned, in january, he will do so with very limited power because there's a state-appointed emergency manager who is in control of the city for at least another year. although dugan has made very clear he's not a fan of municipal bankruptcy, he has vowed to work closely with the emergency manager to get the city of detroit back on track. john. >> bisi in detroit for us tonight. bisi, thank you. >>> time for sports with michael eaves. >> thanks a lot. for the first time since he was suspended following allegations that he bullied a teammate, rich

if you include the $10 million the noon gaap gross margin is 23% in the quarter.think elon is saying, he will basically commit to 2% non-gaap margins excluding all cev credits. they are criticizing for significant reliance on cev earnings. you know what? they are putting up, gone from 16 to 17% ex-cev last quarttory this quarter. they're on track to make 25% by end. year. i think people are misinterpreting that. adam: craig, argument making in english for somebody like me is turning it into the legitimate car company. his critics say you rely on credits not only other carmakers sell or buy from you but taking advantage of the tax breaks. do you read into this the fact that they will increase research and development? i think they were talking about 25% in the next year? this has got to be big stuff as they get ready to launch the model x. >> realistically nobody owns this car company for the model s or the model x. they own it for the gen-3. are we going to have 4 or 500,000 units of gen-3 sold? are they increasing r and d for that? investors will be rewarded. >>

and i think you are goi margin pressure going forward, and limited upside.i think china lte is fine for 2014. i'd rather play that theme than qualcomm. >> the markets are selling off today more broadly, not really concerning the next guest, however. sam stovall of s&p capital i.q. raised the price target for the s&p 500 today to 1,895. welcome. >> good to be with you, scott. >> okay. wow, at 1,763. 1,895, over the next 12 months? >> yeah. >> a significant bump-up. >> 7% year-over-year price change, so you can say it's less than the longer-term average. the belief is we're still in a bull market enviermtd -- environment, the correction could be anytime around the corner. we're expecting to see an improvement in earnings, increase in gdp growth, and with inflation expected to remain w low, in our opinion, the valuations look appealing, though not compelling. >> i mean, that's the big question, the valuation of the market, right? the price of the market versus the valuation of the market. a lot of people talking froth, talking bubbles. you're just not seeing it

come on sites margin fall by six percentage points to thirteen point eight percent. the two conglomerates have reported better profit margins for heskey group an lg group lg from higher sales of its display panels i say profitability for these companies all for the second year in a row and are in these uncertain whether they will turn into a better report card next year. and i didn't use. korea launched its first indigenous we built science satellite from rus ears been a success. the science and technology satellite to read blasted off at four ten pm korean time for back to guess that once based in crowd control received its first signal from the crafts are a breather after the satellite is caring and infra red camera at the will be used to observe the changing conditions in space it can detect temperature changes on the earth's surface and underground allowing the country to monitor its up to rein in activities such as volcanoes and earthquakes over the course of its two year mission. the satellite will also be seeking clues about the evolution of the universe. over

charging the same amount, so the margin, making an 82% margin. gerri: take a look.h 128. checking out. to build $274, retail price 500, a total profit 2205. people like apple because it is the expensive player and i'm market. >> the higher price, the higher the appeal. it is not a luxury, but it is near. it is like a bmw. gerri: the bmw of internet -- >> of phones or devices, mobile devices. it costs more. people line up outside the store to get them which is the other thing. you say the price is fair. people are lining and to buy these things. gerri: there is demand, and i am a threepeat buyer. it my ipad was refurbished..3 i bought it at a discount because i am just that she. [laughter] >> i by refurbished, to. gerri: there you have it. people who enjoy the products but don't want to pay the price. i want to know -- show a marked up. it costs apple and dollar and $0.40. they sell it at retail for $40. that is just ridiculous. >> successors are read a giddy because they get you hooked into the ecosystem. you need all of these other little things to go with the prod

that's the margin by which terry mcauliffe beat cuccinelli in moderate voters. you can't win a national election if you're seating moderate voters. romney lost to obama by 14 points by moderates. they keep relearning the same less some, but they don't absorb it. and i don't think they're going to absorb it. >> i think the definition of a zealot who after they lose said if they'd only done more. cuccinelli was the problem from day one. instead of saying we blew it by running too extreme they say the moderates didn't back the extremists. therefore it's moderate's fault. >> why are they so zealous? they hate rino. >> describe what that is. >> that's a republican in name only. they think the people that are bringing the republican party down. >> so the guy running for reelection in trenton should have gone down to richmond to campaign for the other guy. and since he didn't, it's his fault. >> the people who are the problem with the party didn't help. so that's the problem. cuccinelli, we talked about this last night, was about as good a tea party candidate as you ca

was expected in more than 20-point margin. new jersey, by large, disagreed with their governor on his marriage veto. but they still liked him well enough to give him a second term in office. new jersey voters also did not agree with their governor on the minimum wage. just like with marriage, the new jersey legislature had passed a bill to raise the state's minimum wage, but governor christie vetoed it. tonight, new jersey voters overruled their governor, they voted state wide overwhelmingly to raise the minimum wage that governor christie had fought to stop. so, despite his state being against him on his marriage veto, despite his state being against him on his minimum wage veto and despite governor christie saying before the election that he couldn't promise he would serve out a second term in office, new jersey tonight voted overwhelmingly to re-elect him anyway. and that doing but you like me any way, that makes this a great night for chris christie. with all those things against him, he still wins and wins big in his home

you want to talk big margin of victory? look at this.ratic mayoral elect to the largest city, built the well regarded republican he was up against, by what is that 50 points? 49 points? he more than doubled chris christie's margin of victory. and maybe that doesn't seem look all of that big of news, well, jeez, new york city is so democratic. mike bloomberg was a republican, independent, before him. rudy giuliani was a republican. it has been 20 years since there was a democrat running new york. as new york gets ready for its first democrat iic mayor, look what is happening across the country. this is weird if alexander burns hadn't written this have notice. if you looked, half the mayors were democrats half were republicans. ra ratio was 6:6. when you look across the country. the big cities. all 12 of them. all have democratic mayors. the ratio is 12-0. you have to go down to indianapolis, the 13th largest city in the country before you find one city with the

margin debt works on the upside. if you go short, you also have to take on margin debt. we see that in a lot of stocks. a lot of short interest and a lot of free cash flow leads to a big squeeze. >> kevin, what about you? what are your picks? what do you want to be exposed to? >> it's true we own both facebook and twitter in our sort of crossover fund, but if you're looking for growing companies that are still reasonably priced, i'd say the two to go to are probably google and apple. they're still growing. they're really solid companies. they're right in the right place at right time and reasonably priced. >> we'll leave it there. gentlemen, thank you very much. appreciate that. we'll see you soon. take a short break. imagine making $600 million from 140 keyboard characters. that's what billionaire investor prince alwaleed did when twitter went public. prince alwaleed will be with me shortly, talking about his holdings in citigroup, fox news corp., apple and others. and we'll talk about saudi's alliance with. we'll get his take on the matter. >>> also coming up ask obama