robert gray might have by now. [talking over each other] >> we want to know about advertising and also fees for cable systems. [talking over each other] robert: you can look down a little farther to the bottom, talking about the increase for the year and the net income improved operating results at espn and hong kong disneyland, helping them out as well in here but they did talk about growth at espn, a little higher up than the press release. higher operating income, $119 million increase at espn. dave: content costs for a lot of these entertainment companies, has really been a concern to espn. >> it has and they signed a new contract, sports ratings, live events as more of us do d b r programming they are kicking butt in the ratings and got plenty of revenue and at price increases to cover that stuff. what robert said about hong kong theme parks, hong kong, asia, slow down, and the thought that the disney hong kong theme park had a good quarters surprising. the theme park business surprisingly recession resistant a

david: robert gray, thank you very much. appreciate it. back to vince.bottom line here is that trumka, richard trumka and all the unions together foot a lot about this measure in michigan. they spent tens of millions of dollars to get it passed so there wouldn't be right to work laws you have in wisconsin, indiana and other states, correct? >> that's correct. this was their number one priority behind the presidential election. right before the election afl-cio president richard trumka went on, talked to the "new york times." went on the record said if he won in michigan he would spread it to 18 other states that have the same constitutional amendment process giving it to voters. they had a big gamble on this and they lost big-time. david: hey, vince, because we have breaking news. we want you to have you come back to talk more about this story. could you do that? >> absolutely, david. david: will do. we'll have him back. the news from am. did, they're saying their company is not for sale. that is the breaking news here at fox business. what we have econo

big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is down below $9 with a disappointing earnings just a week ago and certainly ramping into the black holiday and shopping for electronic gadgets. michael dell said the windows 8 launch last month, giving consumers a real reason to upgrade in several years. the touch screen technology, convertible and hybrid, basically tablets', laptops at the same time to have a built in keyboard, this new technology is a new wow factor for the holidays. stock we should remind you down 35% year to date but it is up 7% this week alone. dave: back to neutral. thank you very much. there is still a cease-fire in gaza right now but in name only. there are reports of rocket fire from israel to gaza and the least one person was shot and killed by israeli troops. it is said he was a writer trying to breach the fence. palestinian saying as a farmer trying to get to his land. jeff is a republican strategist. is th

research in motion, robert gray standing by at the stock exchange. looking at big technology companies. robert: we are seeing the tech friend outperforming the broader market when you look at the s&p 500 and the nasdaq for the dow, the nasdaq definitely out pacing, look at the tech companies within the dow as well and they are the biggest percentage gainers boosting the dow by the most if you look at ibm and the likes of cisco and intel and microsoft, investors bidding up these electronics companies and anticipating consumers are buying a lot of these devices. dell has been the best performer of the s&p 500 today michael dell telling me the windows upgrade, they are finally giving investors a reason to do an upgrade and got buy new devices out there and also take a look at hewlett-packard which is bouncing back. announcing the big write-down on its takeover, that saga continues, and a founder begs to differ with his take on accounting improprieties they are charging, the story will continue to play out very publicly and you chp bouncing back a little

. >> robert gray from the fox business network joins us this morning. what are we expecting from these jobs numbers? >> not a lot different than last month. keep in mind for october sandy not going to effect the numbers that much. we will see a lot of that next month. let's take a look. here are the estimates we are looking for. 8:30 eastern time these are the numbers 125,000 jobs created the unemployment rate to jump 7.9 percent. unemployment rate a big jump down 7.8 percent here. a couple of key things to watch. 125,000 right on. government not adding anything in there. they are looking for manufacturing jobs to contract but not by as much as the month before and the amount of estimates you and i were joking off air before we came in how many estimates were out there. they range anywhere from 30,000 up to 168,000. economists have many hands. >> going through all of these right here looks like the unemployment number will pick up slightly that will not be good for president obama heading into election. >> many people are looking for work. this is one l

melissa: robert gray, thank you very much. can a stock be too high?ch is a dispense medicine based on fingerprint scans skyrocketed by a store and how to invest and legalize marijuana. searching 3000% last week from $4 such as monday to $250 before falling back to back $50 per share. if you could be great news for the companies and shareholders, but the ceo is aittle concerned. with me now, welcome to the show. first of all what do you think is a fair price of the stock? what do you think the right price is? >> thank you for having me, melissa. to answer honestly, don't know what a fair price is because it has been all over the board. we are not $2.4 billion company, but up above 200. we are uniquely positioned in the marketplace as leaders. really most successful industry consultant, and we have some very creative and technology that enables the medicine to be inventory control, stored and dispensed the safest, most secure. melissa: what we are seeing is obviously marijuana has been legalized in washington and colorado at the same time we have seen 5

robert gray in the newsroom. and morningstar healthcare analyst director in chicago is also joining us. let's start with peter. begin with the banks, because they have been a great sector since the start of the year. peter: well, they did not take the election very well, liz. they got clobbered hard yesterday. as you recall governor romney wanted to replace and repeal dodd frank financial reform legislation, one of the president's signature measures put in place after the financial crisis. well, that's not going to happen now obviously. analysts say the president's victory will also embolden the consumer financial protection bureau created under dodd frank to get tougher on banks with new regulation and enforcement. they also, the banks, face greater risk of break up now, some analysts say and that's in part because of the election of the industry's consumer advocate elizabeth warren to the senate tuesday night in massachusetts. she is expected to defend dodd frank and other existing regulation from republican at

robert gray? we have some news crossing on amd?t: advanced micro devices, shares are surging now on a reuters report that amd has hired jpmorgan chase to explore options this includes possibly selling patents or an outright sale of the company. shares are jumping up, up some 12% right now. this is a company that's been announcing layoffs after layoffs and disappointing investors handily for some time. if you look at the stock, you see what it is doing today. but pull up a year to date, it's lost almost two thirds of its value. look at the five year picture here. and not a pretty picture for investors who have been long time holders of amd. so again cheryl reuters reporting now on the wires that amd has hired jpmorgan chase to explore their options. these include selling patents and perhaps an outright sale. and of course this comes in the background we have seen pc sales slowing perhaps for the first time in about a decade for a full year this year. you know, slower revenue than the prior year. so again, continuing to see the share

robert gray at the new york stock exchange. turning out to be the biggest insider trading case in history. charlie gasparino has new details on the charges on a former portfolio manager and billionaire hedge fund tanager. so more winners on the nasdaq. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into t marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. dagen: how interested are the feds. charges against steve cohen, the billionaire hedge fund manager, so badly that even though he has not been charged with insider trading some investigators are likening him to the head of an organized crime family. charlie gasparino has new and exclusive details. charlie. charlie: one way to scar

. >>> robert gray is breaking news on citigroup ex-ceo, vikram pandit, compensation package. h, talkbout money? robert, go ahead. >> always comes out after 5:00 p.m. on a friday, right, melissa. in sec filing citigroup revealing the compensation package for vikram pandit forced out less than a month ago. seals like forever given the news cycle but it was in the middle of october. the board granted him $6.65 million bucks and ex-chief operate are officer john havens who stepped down at the same time, he was number two to pandit, was awarded $6.792 million. they are incentive awards or compensation packages. incentive award for vikram pandit who was forced out less than a month ago by the board. pandit and havens can not join some competitors up to 12 months. but again they're granted 6.6 million and 6.8 million bucks as incentives to walk aaay. back to you. >> robert gray, thanks so much. >>> coming up on "money" david siegel warned of layoffs if president obama was reelected but none of west gait's resort employees got pink slips. he is here to tell you what they got instead.

. >> i'm robert gray with your fox business brief.er a choppy trading day stocks managed slight gains across the board at the closing bell. all three major indices ended the week down more than 2%. >>> chubb is halting its stock buyback program in the wake of superstorm sandy. like many other insurance companies chubb has not been able to estimate the losses from the storm. some industry executives say claims may exceed $20 billion, making sandy the most expensive hurricane trailing only hurricane katrina. >>> google has reported service disruptions in china as that nation's communist party's 18th congress gets you know way. china has sporadically blocked google services since 2010 when the tech giant said a cyberattack on the system came from that nation. that's the latest from the fox business, giving you the power to prosper david: we have breaking news on lockheed martin. robert gray with the details. go ahead, robert. >> that's right, david. just crossing the wires now the expected incoming ceo, has now been, is now resigned and

see the 360 investing dashboard at e-trade. >> i'm robert gray with your fox business brief.t was a tough day for the butts on wall street as they face post-election blues. investors shifted their focus to the looming fiscal cliff. the dow is down more than 300 points. >>> after the bell, prudential saying net profit fell short of estimates during the third quarter at a buck 53 a share the company boosted its annual dividend by 10%. prudential now plans to pay quarterly dividend starting in its first quarter. >>> microsoft is reportedly building a seven-inch gaming tablet, according to the tech magazine the verge. it reports the xbox tablet concept would tie together microsoft's hit gaming console and a line of tablet pcs that run on windows 8 and windows rt. the magazine said it is in the initial hardware planning stage. that's the latest from the fox business network, giving you the power to prosper liz: president obama's second term in the white house will likely be just as challenging as his first. now, we've got a business leader who says it's clear the country is better

robert gray, what is it? >> thanks so much. colleague, charlie, obtaining a statement from sac capital, a spokesman saying steve cohen are confident they have acted appropriately and will ccntinue to cooperate with the government's inquiry. now this, of course, in response to the matthew arrest, alleged in the largest insider trading scheme ever, affiliate of the the capital, and that's why steve's name is connected to this. again, mr. cohen not charged at this time, but a statement telling charlie they agented appropriately and will continue to cooperate with the government's inquiry, and, of course, the news broke earlier today that the manhattan attorney's office is bringing him in from florida to face these allegations that he's in the center of a $276 million trading scheme, the largest ever. back to you. liz: not involved in a negative way, but had to be questioned, and now he'll continue to help with the investigation. david: mystery phrase, by the way, from the charge, portfolio manager a, and the question is whether th

that's coming next. ♪ >> i'm robert gray with your fox business brief. a bullish tone on wall street today as investors cheer ad round of better than expected reports on the u.s. economy. check out the green arrows across the board. >>> dreamworks posted strong third quarter results after the bell driven by a solid performance by madagascar iii. earnings per share topping expectations by 18 cents. revenue higher than expected at 186.3 million bucks. >>> some good news for verizon customers in the wake of superstorm sandy. the company suspending late fees for customers who might have incurred them during the storm as well as during the recovery period. verizon will also be deploying mobile communications centers and stores on wheels to the areas hit the hardest. customers in those areas can go to the local verizon stores to charge the devices and make domestic calls free of choice. that is the latest from fox business, giving you the power to prosper david: if you haven't heard of catamaran you're missing quite a bit. not because its five-year stock chart

. ♪ >> i'm robert gray with your fox business brief.s will not resolve the fiscal cliff issues that bring on spending cuts and tax hikes years end. president obama's first press conference after the election took a toll on stocks. >>> shares of net apps were soaring. revenue was in line. net app also authorizing another 1 1/2 billion dollars for its stock repurchase program. >>> a strong third quarter from petsmart has that stock higher after-hours. moving forward the pet store retailer sees growth in mid single range for its fourth quarter. that is the latest from the fox business network, giving you the power to prosper liz: well how did limited brands, home of the bejeweled vix torah secret bras. david: cue the video. liz: robe period of time gray. >> you beat me to the punch. absolutely. cover this up. may want you to cover up that price change as well in after-hours. throw a little eye candy to go with it. third quarter beat expectations by a couple of pennies. revenue pretty much in line. well the forecast leaving little it be des

robert gray has some news. robert: getting ready for your thanksgiving meals here, a u.s. bankruptcy judge that the parties have agreed to mediation here, we're talking about of course hostess and the unions. they've agreed to a mediation tomorrow in the hostess case. remember, hostess had filed to liquidate basically, the bankruptcy judge says he's concerned about job losses, looking at about 18 1/2 thousand job losses after 33 plants that have been shut down by hostess, they make the twinkies. bankruptcy judge says the case is adjourned until 11:00 a.m. wednesday to make room for the mediation tomorrow. he had ordered the two sides to go back and talk. we will see if they can come up with anything before. remember keep in mind the bakers union unable to come to agreement with concessions with management there at hostess. we will continue to follow this very closely. back to you, liz. liz: diners all around the nation were having to change and black out certain parts of their menu, frozen and the -- right. robert: the deep-fried -- liz: can't do that. it just scares me. t

okay, robert gray with earnings of all things for news corp. reported earnings, today is the day, how do the earnings look? >> the fox business network out with revenue that missed. the bottom line, just in earnings per share easily outpaced the average estimate from analysts, six pennies ahead of the average estimate. pulling back a little bit in early trading after hours up about 1.5% in the regular session down one half of 1%. news corp. is boosting the buyback to $10 billion in the current authorization of $5 billion. back to you. david: not much movement at all. our own liz claman bringing the national bell. let's go back to the nasdaq. is it a big button where did it take a lot of pressure to push? >> not at all, it takes square. and there you see us about to push it. hard to miss, let me tell you. and it is fluorescent orange so dumb it's like me don't miss it. on a day like today to ring the bell on election day and the nasdaq with over 300 companies, we talked about it, the spirit of capitalism taking chances. the nasdaq has that perso

i'm robert gray with breaking news. john mcafee, securities software pioneer is wanted for questioning by police in brazil, belize, in connection to the murder of an american expatriate there. this cording to belize police and news reports. they want to talk about the murder of gregory fall. he was an american killed over the weekend, this according to the belize national security ministry. they said it was to too early to call mr. mcafee as a suspect. but if his story does not add up he may be arrested and charged. the whereabouts are not known. he lives near mr. fall who was found dead with a gunshot wound in upper part of his head. mr. fall filed complaints about mr. mcafee and former security mogul that security guards and dogs were infringing on his property. he founded one of the first anti-virus software companies who has been sold. david: we see the name all the time on our computers. very interesting story. we'll keep you updated. thank you, robert. >>> james bond's flick "skyfall" extending worldwide dominatio

liz: green mountain coffee roasters brewing up numbers, robert gray has the numbers. >> reporter: coming in better than expected, 946.7 million bucks, well ahead of the estimate, 902, and the nongap adjusted earnings number coming in, again, well ahead of expectations, 64 cents. thatts better than the 48 cents that were anticipated there. and they're talking up the sales of new platforms here as they're facing new competition from starbucks. a double beat, if you will, and you see the shares jumping in after hours. liz: yes, david was right, it has been hammered by the short sellers, particularly david einhorn who was famed for short selling lehman brothers. but, again, this is a company that has continued to try and come through here, new management changes, right, robert? >> reporter: yes, new ceo, and i just did a quick search, nary a mention of starbucks, remember, still a partner in some aspects, but not mentioned whatsoever in the here. the company also providing its outlook here for the first quarter, i'm going to take a quick look at that, and i'll have that for you in a minute.

fox's robert gray reports. >> reporter: a major gasoline shortage hitting new jersey and new york as the east coast tries to get back to normal in the wake of hurricane sandy. >> last night i was in a place. i waited 45 minutes. i was about 50 feet from it. they ran out. so it's like you're not even guaranteed even if you wait in line an hour. >> reporter: and today is no better. >> we got here about 6:15, 7:30 now, about an hour and 15 minutes, figure will be at least another hour. >> reporter: lines stretch miles from the few stations with power as residents line up in cars and by foot to fill up before the limited gasoline supply is gone. an overwhelmed mass transit system plus massive power outages are fueling the high demand and with temperatures set to drop overnight homeowners are hoping their nightmare will soon be over. >> they're saying seven days, so that gives us five more days without electricity, but we're hoping it's sooner than later. >> reporter: limited bus and rain service did resume this morning, but -- train service did resume this morning, but the problemare now

. >> i am robert gray with your fox business brief.e rally on wall street continues sparked by optimism over the fiscal cliff. better than expected reports on the housing market. the dow is up 162-point right now. intel ceo and president will be stepping down from his post next year. after nearly 40 years with the company, he will retire in may. they are in the process of choosing a successor. they will look at internal and external people for the jobs. the sunday telegraph reports that companies are discussing the possibility of working together on search functionality. this may put him in two yahoos current deal. that is the latest from the fox business network. giving you the power to prosper. ♪ melissa: the obama administration facing challenge over its promise of transparency. then there was the general petraeus scandal. now a congressional committee is launching an investigation into the top official. lou dobbs joins us now. lou: the fact is we do not know how many others have these secret e-mails. thanks to the folks at the comp

. >> i am robert gray with your stocks business brief. stocks are mostly lower with the senate majority leader harry reid said he was disappointed there was little progress in the fiscal cliff. the maps manager behind the maps program has reportedly been fired. rich williamson is the latest two have been given the acts. former software chief was pushed out late at last month. it is not clear if apple has found a replacement. taking a bite out of the smart phone market overtaking and trade the 12 weeks leading of the halloween more than doubled from one year-ago the market share exceeds 40%. now we continue countdown to the closing bell with liz cllman. liz: looking at the markets at the low the session the nasdaq s&p each down five points we're not trying to of view but it could cause havoc 34 days left for congress to reach a budget deal other wise spending cuts kick and. and tax hikes. we have decided to talk to state leaders what they're doing with this uncertainty. governors on the edge joining us now delaware governor, a great to hav

reporter: i am robert gray with your fox business three. a roller coaster day on wall street. john boehner said he had constructive talks with president obama on averting the fiscal cliff of spending cuts and tax hikes. right now, the dow jones is up 43 points. modest gains across the board. meanwhile, shares of penn national are jumping. they also plan to transform into the first gambling real estate investment trust. they plan to go with a tax-free dividend. and all consumers want for christmas is a tablet. the tablet tops this year holidays wish list for adults. consumers are expected to spend an average of 252 bucks on electronics this year. just $6 more than a year ago. now we continue our countdown to the closing bell that liz claman. liz: here is something interesting. today we saw the first ipos in the election. how did it do? let's find out from the coal. reporter: is actually the mascot of the company that we are talking about. i don't think it has anything to do these cute, black labradors. the pricing of the stock was 13 to 15. actually priced at $15. take a look a

robert: i am robert gray with the fox business brief. of bearish tone on wall street, the markets look into negative territory after the release of minutes from the federal reserve policymaking meeting and president obama's first press conference since his reelection. all three major averages down 1%. on the flip side investors are bullish on t vaughn on news of a buyout. starbucks is buying the company for $620 million in cash to move to transform the tea industry on a global scale. it is a $40 billion global market. tvana made its debut last year. hurricane sandy may cause the insurance industry as much as $25 billion according to disaster modeling company risk management solutions. that figure topped estimates from rival firm world wide. if we continue on countdown to the closing bell with liz claman. liz: as bad as the numbers look on the lower part of the screen if it weren't for tech giant cisco the dow would look worse. cisco jumping after reporting earnings yesterday "after the bell" with better than expected profit and marked ci

fedex office. >> i am robert gray with your fox business brief.on with the first offering. it will use for general corporate purposes purchasing a new recorders over $1 billion. they made cash dividend of $4 per share on top of the 9.3% boost to the company's regular quarterly payout. they pay the special dividend when this year because of future tax rates. >> more people fell behind on the idled payment. the uptick was due to seasonal factors such as back-to-school shopping. cheryl: breaking news director power balked at -- jackpot hasn't teaches increased again now five ended billion-dollar is this is the highest ever it has been he said he will buy the ticket today. >> awaiting for nobody days for the democrats is a nobody deserves to earn that >> think of the taxes. washington could use it. that is not a good way to make your financial plans. fiscal cliffs survival kit we are designed with part to the tracy byrnes has service device. you can do this now? >> very few things that we know. what we do know is the tax on investment income is coming

joining us with more is robert gray. i found it interesting, the phrase, drift pricing? >> drift pricing it drifts over to your bill. resort fees you go to the web site you think i am booking this for x dollars a night and it's 50 percent more according to some reports. it's everything from newspapers to the gym in some cases internet access that will you would take for granted and not even know you are getting charged for. >> similar to the airlines with extra fees. >> $1 trillion for extra loans. >> it may be a trillion dollars for giving some of the debt. $470 billion potential debt. >> this could be a trillion dollars of debt. it is moupting now to 13.4 percent default rate. tuition has been soaring. opening up a can of worms in bad way. >> it is not the ones born in 2013. >> according to the economists which is a sister the economist mag zone it's switzerland. i don't know if it's the chocolates in the alps or fondue. they looked at quality of life, trusting government stability of the economy notice the peripheral nations there because of the civility of the econom

. >> i am robert gray with your business free. a fiscal cliff resolution helping to push stocks higher. u.s. stocks being pushed higher. the dow jones up more than 200 points. shares of urban outfitters have been sliding on a disappointing earnings report after the bell. missed estimates by a penny. revenue was up a little bit by $693 million. one bright spot, gross margins for anthropology did expand compared to a year ago. jpmorgan chase has named mary and lake as chief financial officer. she is going to succeed the vice-chairman. that is the latest from the fox business network, giving you the power to prosper. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and e expenses. read and consider it carefully before investing. risk includ

. >> im robert gray with your fox business brief. stocks hang onto modest gains.ht now, the dow is up 30 points. modest gains across the board. a lackluster start for the holiday season for pcs. windows powered pcs slipped 21% last month versus the same time a year ago. microsoft has said it has sold 40 million licenses of windows eight. shares of microsoft, intel, sliding across with microsoft on the news. andrew cuomo has ordered insurance companies to speed up the claims process for the hundreds of thousands of residents who suffered damages from super storm sandy. report cards on the performance of insurers will be posted on the website. that makes the company more accountable for the response time. now we will continue our "countdown to the closing bell" with liz claman. ♪ liz: while we do have read on the screen, the high has been 77 points. maybe we should call it mouth of the day. jumping around. let's go to facebook and nicole petallides at the new york stock exchange. nicole: if you have not been watching facebook closely, it has been moving higher. take

reporter: i am robert gray with your business for you.cks rose today ahead of the thanksgiving holiday. the closing bell, the dow was up 38 points. modest gains across the board. best buy's credit rating downgraded by two different firms today. pushing the stock to its lowest level in more than a decade. standard & poor's slashed the company's rating into junk territory concerns over sales margins. they have a negative outlook on best buy's credit rating. s&p also downgraded another big retailer, cutting radioshack's ratings as well. it also has a negative outlook. they continued poor performance. it fell to the lowest in 20 years. that is the latest from the fox business network giving you the power to prosperin tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account fm schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'right ere. tdd#: 1-800-345-2550 and i'm in total con

. >> i am robert gray with your fox business brief.ink to a meningitis outbreak declined to appear before the house energy commerce committee. more than 500 people sickened by contaminated steroid shots at the new england compounding center. as voters head to the polling is closely watched presidential election, national average for a gallon of regular gasoline has reached an all-time election day hype had most of the key battleground states have gone below the national average. colorado is the lone exception. with many businesses taking a hit from hurricane sandy, the big apple was no difference. the broadway box office taking a hit, shows were up and running by last thursday evening, the damage was already done. we now continue our "countdown to the closing bell" with cheryl casone. cheryl: robert, thank you very much. the dow down 160 plus. about three an and a half hourso go before the polls close and candidates are working to get every last vote. peter barnes in new york. rich edson standing by at the obama camp in chicago. >> it

robert gray has details. robert: he says he's going after credit suisse using under the martin act here over this alleged fraudulent sale of mortgage securities residential mortgage backed securities. these are prior to the crisis. in fact, going back to before 2008, these are 06, 07. they have had about 11.2 billion dollars in losses thus far. he says he is seeking investor damages to recoup those losses, so again, looking to recoup some 11.2 billion dollars in losses. it goes on to say here that he -- the credit suisse the due diligence was compromised by its ties to the loan originators, tracy, so this will be interesting to follow. again, we're going back pre-crisis 06, 07, residential mortgage backed securities that were sponsored and underwritten by credit suisse, again in 06 and 07, about 11.2 billion dollars in losses seeking under the martin act to sue to recoup some investor damages there. back to you. tracy: robert gray, thank you very much. there's a ton of news today. all right, so we have so much

robert gray joins us.ounder with us. >> if you're looking for the perfect gift, you can now send it from your iphone or other smart phones. buy an app called wrap. thank you for joining us. we should also note you have been around for a while. you claim it is the first one bought by microsoft, talking about wrapp, the gifts are coming to a head. basically you can give these gifts as gift cards with major retail partners from smart phone to smart phone. you can use their profile basically to use the friends. and it starts with free bucks. even before even putting your own money. how do you convince retailers like the gap, "wall street journal," how did you get the big-name companies to buy on this? >> it is a win-win for the consumer and the retailers. it is a way to get very intimate cash details. >> you get the money when they are redeemed. you're not making money of it is not redeemed. this is basically targeted marketing if you break it down because you are sending it out to folks with the social graph,

back to robert gray on the floor of the new york stock exchange. bert, nine times out of ten we don't care what the bank is doing, but we care as an indicator for europe, yeah? >> absolutely, dave, and it's seen as a public approximatey, if you will, in the market because there's a few greek adr, american depository receipts trading here. if you want a pulse on how the market feels about the greek situation, they have a tentive bailout, and stock up 5%, 5.5%. not a lot because it's such a small stock in terms of dollar amounts, and, in fact, just up 5 few pennys there, but, again, it's a 5.5% move. this was in the background this morning before the retail rally in the states. we had positive news there, positive news with china and the manufacturing data and a rally overseas in the japanese markets setting for the stage for the ry we've seen in the states. back to you david: thank you very much. have a good weekend. >> same to you. >> stanten island hit hard, and they hope for a successful black friday to make up for the lost sales. david: going to

. >> i'm robert gray with your fox business brief.l street rounding out the day in a sea of green but all three major indices ended the week lower with the dow posting its fourth straight weekly loss. >>> the tribune company has taken another step closer to emerging from bankruptcy the parent of wgn 46 tv and 22 other stations received the okay to transer its broadcast licenses to the new owners. tribune filed for bankruptcy protection in 2008 and plans to transfer ownership to its main creditors. >>> sending a package with united parcel service will become more expensive come the new year. ups is increasing the rate for items sent by air by 4 1/2%. items sent overseas from the u.s. will rise the same amount and ground rates will rise by nearly 5%. that's the latest from fox business network, giving you the power to prosper and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. at e-trade, our free online tools and retirement specialists can

. >> i'm robert gray with your fox business brief.t's been a seesaw day down on wall street after stocks had their worst two-day slide in a year. the dow is dropping once again down 16 points. >>> ing u.s. is moving closer to making its wall street debut. the company expects to raise 100 million dollars in the initial public offering. jpmorgan and goldman sachs are the lead underwriter to the ipo. >>> the u.s. postal service expects packages during the holiday season to jump 20% from last year thanks to online shopping. it will make up for tumbling mail volume that contributed to billion dollar losses in recent years as more americans communicate online. they expect monday, december 17th will be the busiest mailing day of the year. that's the latest from the fox business network, giving you the power to prosper >> it's one more small step for man. you know i love these nasa space exploration stories. i nasa apparently getting serious going back to the moon now that president obama has won re-election. the space agency is planning to b

robert gray has more ton this story right now. robert. >> that's right, melissa.fox business was leading the vanguardo get some documents from the treasury department related to that bailout, $182 billion in taxpayer fund back during the financial crisis. of course these documents gave us an insight and allowed us to report how treasury was concerned about the issuance of bonuses for aig officials and executives there, while the company was owned by taxpayers and receiving these large bailou is disclosed treasury officials considered letting aig file for bankruptcy protection. now within those documents however, a number about of things were rebeing todayed. that means they were blacked out. we did not have the full picture and all data and information. we will receive more document thanks to the courts that will allow us to report more fully on the situation. we'll get a clear picture of communication between treasury and aig, compensation, request from the media, dealing with congress and investor relations. we'll continue to follow up on this. we'll sort throug

let's get to robert gray with your earnings preview. robert: thank you very much. we're going to check out the big names that are reporting after the closing bell. let's take a look how they are moving today. we have the likes of starbucks, linkedin, dreamworks, las vegas sands all participating at different degrees in today's rally. starbucks now we take a look at it, the shares up more than 11% over the past year, obviously well off their highs though. here's what analysts are expecting earnings per share 45 cents. revenue 3.38 billion dollars. investors also keeping an eye on just how global economic slowdown is affecting the company. that's the reason it gave for missing earnings estimates last quarter. the new single serve machine hit the marketplace in september. watch for any sales numbers out of that. for new details on european restructuring plan as well. ceo howard schultz said that has quote turned a corner. for coverage on starbucks and the rest of the names in reporting less than half hour's time, don't miss after the bell. right now let's get back to

. >> i'm robert gray with your fox business brief.ks held on to modest gains for a second straight day of advances despite conflicting comments out of washington from the fiscal cliff negotiations. at the closing bell the dow was up 36 points. green arrows across the board. >>> shares of zumiez wiped out after the bell. the company's third quarter profit fell 10%. zumiez blamed the short fall on weak sales in europe. earnings for the action sports retailer missed profits estimates by seven cents. revenue also fell short of forecast at 180 million bucks. >>> but investors in late trading are snapping up shares of specialty value retailer five below. earnings per share topping estimates by two pennies a share, and revenue better than expected at $86.8 million. that is the latest from the fox business network, giving you the power to prosper david: we have breaking news coming out of groupon. there have been some questions whether their ceo would remain. well, they had a board meeting. it has concluded and we're getting word that andrew

robert: i'm robert gray with your fox business brief. shares of groupon are surging today after a hedge fund purchased a nearly 10% stake. the purchase is a sign that at least one big investor has confidence in the on-line deals company. with a long list of resignations at zynga continues to grow. all things digital reporting vice president of business development jonathan flesher has stepped down to spend more time with his family and pursue more opportunities. during his tenure at zynga he sealed deals with yahoo! google, msn and aol as well as worked with celebrity endorsements including lady gaga and snoop dogg. his last day was november 9th. news corp. has acquired 49% stake with the yes network. it can buy additional stake in the network after three years. that could bring its ownership to 80%. newscorp is the parent company of the fox business network. now we continue our countdown to the closing bell with liz claman. liz: the madness is almost here. i stay away. i do not go running through the doors trying to get my way in. black

. >> i'm robert gray with your fox business brief.s behind on their mortgages and who were hit by hurricane sandy are getting some relief. the housing and urban development agency is imposing a 90 die moratorium on home foreclosures in that area. hud agency says they do not want families to be victimized twice. >>> zillow shares are plunging after-hours after the company's disappointing revenue outlook. third quarter revenue topped estimates and profit was in line with expectations. >>> nike is reportedly close to selling cole hahn to apex partners. the deal may fetch half a billion bucks. they shift focus to the namesake brand as well as jordan, converse and hurley. that's the latest from the fox business, giving you the power to prosper so anyway, i've been to a lot of places. you know, i've helped a t of peop save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a str

. >> i'm robert gray with your fox business brief.aking story at this hour, david petraeus is leaving his post as director of the central intelligence agency. petraeus sent word of his resignation and a message in agency employees today. says he's stepping down for personal reasons. sources say petraeus's deputy will serve as acting director. he took over as cia director in april of 2011. meanwhile white house press secretary carney said in the last hour that timothy geithner will remain treasury secretary through the inauguration. carney says geithner will be a key part to resolving the fiscal cliff issue. and iraqi officials expect exxonmobile to complete the sale of its shares in the west oil field by year's end. according to iraq's deputy prime minister for energy, exxon officials have started talks with some major oil companies offering them its complete stake in that project. and now we continue our countdown to the closing bell with liz claman. liz: so we got the new data out today that shows you're ready to spend. consumer sen

. >> i'm robert gray with your fox business brief. shares of zillow are plunging ahead of the release that's due after the closing bell. the on-line real estate company has beaten earnings estimates in four straight quarters. demand media also slated to release results today. it is up big today but its stock along with jive have both stumbled and now below 2001 -- 2011 initial public offering prices. >> stifle financial buys kbw deal worth over 575 million dollars. >> the average price for a gallon of regular gas over the past two weeks, posted its biggest drop since 08. the "lundberg survey" showed superstorm sandy has made it difficult for some east coasters to travel. also the biggest state consumer, california has fixed its refinery problem. >>> and now we continue our countdown to the closing bell with liz claman. liz: 17 points, now just so you know we have crossed the flat line about 10 to 12 times on the dow jones industrials but suddenly we have been holding on to a little bit of green. nicole petallides, that goes for most o

robert: i'm robert gray with your fox business brief.re hewlett-packard is facing its first shareholder lawsuit after announcing a huge writedown related to its takeover of autonomy. a class action suit against the tech giant accuses hp of improper accounting leading up to the acquisition. suit names current chief executive whitman and former ceo. anyonintendo says it sold of itw wii u console. it says it indicates strong demand of its next generation of the video game device. mcgraw hill plans to sell its education business for 2 1/2 billion dollars. mcgraw hill says it will use the money for its stock buyback program to pay down debt and possibly make other acquisitions. now we continue our count down to the closing bell with liz claman. liz: i knew they would sell out of that wii-u. you could tell when we talked to gamestop. what did you buy on black friday? did you have your running shoes on? did you put on the steel-toed boots to fight the crowds? or did you just kick back in your bathrobe at home? on-line spending passing the billi

robert: i'm robert gray with your fox business brief. wall street continues searching for direction with less than half hour left in this trading day. right now the dow jones industrial average down just -- well actually just turning positive, up 8 points. the s&p slightly higher. checking gold is moving lower. you saw the nasdaq down as well. meanwhile, a jury has cleared the former co managers of the reserve primary mutual fund of fraud. the fund's value -- during the 08 financial crisis, it fell under the $1 a share value that is seeked to maintain. this in turn sparked panic. the jury did find bent jr. liable on one claim of negligence. and in the wake of hurricane sandy, fitch has cut the long island power authority's credit rating outlook to a negative. utility still has thousands of customers left without power. fitch is concerned it won't be able to absorb the cost of the storm with its high leverage and already tight finances. now we continue our countdown to the closing bell with cheryl casone. cheryl: all right. robert, thank

. >> by a at robert gray. been shot to word dead in california at a food company. the abc affiliate reports the suspect is among those dead but it hasn't been confirmed. united arab emirates have requested to buy missile defense from lockheed martin buy it as the boy $6 billion. the sale has been approved we began up to lawmakers to repeal it. >> regulators looking into unauthorized trading after the firm's president told the wall street journal also receive apple shares andover bought by 1,000 shares. this is the latest from fox business, giving you the power to prosper. to line priceline has been soaring since obama won the election in 2008 now we have the winners of the obama era >> daewoo try not to speculate since going back to the election day. priceline.com is up 11 fuld $643 per share. wholefoods is up 873% since the last time voted. automation and is up and it was a trend of people fixing up their cars instead of buying new ones. expedia 563%. windows world wide up 500% and then apple false number six

. >> i am robert gray.ox business brief brief, obama's has nominated walter to replace mary schapiro who was set to step down next month after being that sec their major overhaul. charlie gasparino first reported hurt eminent departure. the hedge fund manager accused of gauging the most lucrative insider-trading scheme never has been released and $5 million bail facing a charges for allegedly obtaining confidential information of a clinical trial for the alzheimer's drug from the university of michigan neurology professor. nasdaq the only major average in the green. dow jones industrial average below 13,000. tracy: oil closes down $0.54, all loss of more than half of 1%. with a two day streak of gains. it was thanksgiving weekend. it was a record for hollywood with the strong showing of "twilight" breaking don part to an sky9 fall. it the previous records and dennis nail covers the story. >> and a vampire and a secret agent and the dead president with a new president -- breaking a new record. $30 million mo