sandra smith is joining us now on this issue. if they haven't done so already. >> we have all of these indexes, i would say that it's not going to make the company a high stock price. it has more liquidity, which in a recent ipo is so valuable and it can help us out. and there will be a big market regardless of that. neil: sandra smith, what do you think of that? >> the momentum is definitely there, which as you said, the stocks more than doubled over the past year. when you take a look at the fact that facebook makes it into the s&p 500, it's already the top 30 company in the s&p 500 and this lends a lot of credibility to the stocks and maybe it didn't happen for some investors before. it is going to get the automatic boom for those who want to track the s&p 500. we are also going to get a little bit more credibility from investors who have stayed away. neil: yahoo in the news, hitting a major snag. the mail out, this is generally not a good thing. >> as new ceo is doing a good job and they already read that this but they don't

connell: sandra smith, thank you very much.at time of year when we have pnc wealth management out with his 30th annual christmas price index. this is where they do the work for us and figure out what all 364 mentioned in the 12 days of christmas song would set you back were you to go out and actually buy them, and it's around $114,000 this year. 6.9% jump from last year. you go out and buy a leaping lord or whatever. online shopping, if you go to buy your lord online, you can expect to pay more, they'll drop about $173,000. and this christmas price index outpacing the government's consumer price index which, i guess, is all the point of doing that, cpi remains stag in a minute, around 31%. and the ladies -- 1%. and the ladies dancing got more expensive. dagen: right. lords a leaping and -- what kind of dancing is that? connell: i don't know. thanks for asking though. dagen: does can it involve champagne deals and caviar dreams? [laughter] laugh while calling uggs fashionable is questionable, more than a quarter of american wome

sandra smith, of course. we will come back to you shortly for the s&p futures closed.avid: wonderful stuff. markets at new highs have helped some stocks really take off. i am talking triple digit gains. can these highfliers keep the run going? look what happened to twitter today. three names as record run might actually just be getting started. cheryl: pandora and apple better watch out. dozens of new online music service is getting set to launch putting a competitive environment for your ears and dollars. we will talk to one of the new players. david: and will streaming radio services eventually kill the traditional radio, a.m., fn, are they, way out? we will read your answers. ♪ [ale announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their tding platform. ♪ [ indistinct talking conties ] [ male announcer ] so the magic shell we

sandra smith joins from us the trading pits of the cme. of a little snow. >> no, not ought all. in fact we're quite used to it in the chicago area. it is cold outside. here it is cold on the east coast and that is driving pretty much energy prices up across the board. gasoline is up. heating oil is up on the session. you have to factor that everybody will turn up the thermostats. it does affect energy markets. crude oil price, guys, up a full percent on the session. we're staring $99 a barrel straight in the face right now. interesting to point out, crude oil prices risen every single day in december but one, and that was yesterday. crude oil up 7% for the year. this is giving boost to oil gas and exploration production companies. some of those stocks up big-time in today's trading session. look at the natural gas prices. if you live on east coast and turning up your heat, you're probably paying 10-month highs for those, for that natural gas and those prices are expected to continue to rice, up 23% since november fourth, natural gas, guys.

come on in sandra smith.seball votes to eliminate home plate collisions as you see on your screen. adam: we have seen changes the football and baseball. protect the kids but the professionals we should have more fun watching. the collisions should take place. stuart: thank you very much. the latest debt from special k cereal telling women to stop talking about how fat they are. are they being hypocritical? since special k promote slimming down? >> i actually agree with this one. people need to stop overthinking things, eat healthy, run or walk every day, let's stop looking at ourselves in the mirror and asking our husbands. stuart: that will never happen. that will never happen. number 3. super models making headlines with this photo, of total of breast-feeding while prepping for a photo shoot, this three years after she said, quote, there should be a worldwide law that mothers should breast feed their babies for six months. you can walk away from this one if you wish for comment if you wish. adam: it is a be

stuart: is sandra smith with us on this? >> i'm here. dra, can you hear me? >> i can hear you now, what's up? >> do you have any upon what's up? and they told me in my ear that sandra smith wants to make a comment on california which is now turned against obamacare. and do you wish to make such a comment? >> in a word, inevitable. it was inevitable. you know, hey, listen, at the end of the day what california has done and what it is doing, it's unsustainable and when they see something like obamacare on their plate, they realize it's going to put them more into a hole than they already are. they're going to get people turning against it, bottom line. stuart: wasn't that a superb ad-lib comment. and she wasn't expecting the camera, but that's genius. he can ch-- check the big board, please, now we're down 14, and 16,011. take a look at this. american's net worth up nearly 2 trillion dollars in the latest three-month period and the total now is 77 trillion. that's a record. charles, you have been telling people for as long as the show has b

embrace this possibility, sandra smith takes that up and the trade joins us now. >> last couple tradinghe year, will we continue to see significant gains in the stock market in the new year or will we take a positive? in today's trading session a positive, the dow up a couple points, nasdaq and the s&p lower but no significant sell-off running for the exit when it comes to investors. this is how strong we end the year, if we look at the last six trading days the dow jones industrial average has gained each of those days for gain of 3.4%, the strongest winning streak for the dow since march 24th, the dow 25% for the year, the best yearly gain in a decade. the s&p 5 rendered gauge the broader market 29% so far this year, best annual gain since 1997 and what we technical analysts say they believe the market rally could continue in the new year, it has been a broad based rally. was almost every day we talked about the dow and s&p hitting records, the dow closing at record 20% of the time by 2013, 17% of the time for the s&p 500 and other market averages were feeling the cure, nasdaq, russel

jeff saut, raymond james chief investment strategist in florida and sandra smith from the pits of the, we'll start with you. >> things are getting more exciting now. in nine minutes they will start singing nelly, the first is more festive today. we have several good economic reports this morning. case-shiller home price index, a really nice annual gain, up more than 13%. consumer confidence impressing them in the month of december. so we'll take it, rounding out the year with the best gains in like 18 years. also, want to look at hertz shares. they're hitting a 52-week high. jpmorgan increased the price target on hertz to $35 from $26. the news of course, before that, was that hertz adopt ad shareholder rights plan as it observed unusual activity in the shares. what that means if a person or group acquires 10% or more of the stock that goes into effect. back to you. >> flag us when they begin nelly. we love to check in when they do some of that. sandra smith with a bright spot in otherwise gloomy commodities market. >> by far and away the best performing commodity so far this year. na

sandra smith has the very latest in today's trade. hey, sandra. >> reporter: hey, dagen.are still playing a big part in holding on to these near triple-digit levels. crude oil taking a little bit of a breather of its rally of four straight days higher. we got that wig inventory -- big inventory report last week that showed a drawdown of 4.3 million barrels, this was a big shocker for the market that currently is seeing the largest amount of supplies on record for this time of year ever. that would normally be be very bearish for this market, but the fact that we saw that bigger than expected drawdown is what pushed us up past the $100 level. down today at 99 and change, but this starts to look at the big picture, guys. as we wrap up december, crude oil prices on track to finish the month up 7.8%. that would be the best monthly performance going back to july. when we use a lot of oil and gas during that summer driving season. for the year crude oil prices up 9%. this would be the fourth annual increase in those oil prices. you start to wonder, what does 2014 hold when it c

down on the new york stock exchange, at the cme group and joining us is our very own sandra smith who herself has had a great year. first to you, your round out a year late 2013, 26% gain for the dow, do you celebrate, you put it away and think about next year, how are you feeling about today? >> not smart for those of us lucky enough to come in long, for whatever reason they did not want to touch a hot stove with the memories of 2008, 2009. 2009 still lingering for some folks. all in all it has been a great year. i don't think it makes a whole lot of sense, but it is not up to me to question it basically to take it, the smartest thing we have done for our customers and ourselves is basically get to hang on and not do anything, so for us it has been a pretty good year. >> you make a good point, you don't want to fight the tape. we are on a low volume day but there has not been a major selloff. you have the fear on a day like today, you're going to get high volatility. we have not had that. isn't that a positive sign for you, teddy? >> 20/20 hindsight, but every selloff has been nothin

sandra smith at cme. it is top of the hour.a'am. >> gee, what kind of new year's is this? got markets are flat. the dow is up two points. the trading range today is just 23 points for the dow industrials. nasdaq is down 4 points. s&p is down not even two points this is flat markets, light volume. things should pick up tomorrow. not light volume would be twitter's stock. this stock has been very trading very volatilely over the past couple days. it is down once again today after a 30 teach% drop on friday. huge volume on friday. huge volume on thursday and pretty big volume today. we expect twitter to report the fourth quarter earnings sometime in january. we did contact the company that should be another catalyst for investors or potential investors in twitter. >> thanks for that, lauren. back to sandra smith where gold is feeling pressure. why? the 10-year flirting with the key psychological level. >> hey, lori. that is a big level to watch on gold and oil b it comes to gold prices down 10 bucks on the session, down to $1200 a

sandra smith investigates from the cme.st, animal-like robots with strong ties to the u.s. military. why is google buying the company that is manufacturing these real cool robots. ashley: that is george lucas movie. that is disturbing. we'll have so much more on the superfast paced and robotic hour of markets now. we do a lot of robot stories recently. cheryl: it is fun. ashley: it is very cool. cheryl: ashley, thank you for having me on the 2:00 p.m. hour. ashley: pleasure. cheryl: as with stocks we do this every 15 minutes. nicole petallides on floor of the new york stock exchange. markets are talking about the fed, there is nothing else. >> you're right, the fed is a top, top story, cheryl, absolutely 100% correct. the 17th and 18th are days we've been eagerly awaiting on. right now the dow is up 143 points. seems taper, no trader, investors talk about the 10 or $20 million of tapering maybe not. we're having $80 billion of bond buying each month. we have a lot of mergers and deal talk. that may be fueling this rally as

sandra smith on top of it for us, and she is next. scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. dagen: i was making a face. connell: that is just how we roll. nobody knew. dagen: processing the steepest drop ever. connell: sandra smith with the trade from the cme. sandra. sander: the reason this is so important is the popularity of these etf have arguably driven the precious metals to the near

tracy: sure is, sandra smith. thank you very much.oil ain't cheap either as we're finding out. >>> he is treasurer of illinois and could be the state's next governor but dan rutherford is opposing a controversial bill to cut state's financially crippled pensions. treasurer rutherford joins us live from chicago for fox business exclusive interview. thanks so much for joining us. >> absolutely. thank you. >> illinois governor pat quinn says pension reform in your state, is quote, necessary for the economic good of the people but you disagree. why? >> no, i don't disagree it is important to have happen. i think the important thing is this piece of legislation i opposed. i said on your show a number of times we need substantive, fairo our state public pensions. the illinois constitution, and this is the fundamental issue that i have with the bill as presented, specifically points out that you can not diminish the pensions of the current enrollees under a contractual obligation. so for that reason i believe the bill that was passed is unco

sandra smith in the pits of cme with today's golden trade. sandra. >> great point. level dating back to june but now we're looking at prices we haven't seen in at least three years. we sell another 3.4% today. actually saw gold in the pit trading session close firmly beeow that $400 a troy ounce. this is where it gets interesting. the selloff is led by the fact that the fed will begin curbing stimulus for in january. investors are not seeing a need to hold on to a safe haven asset like gold which they have been throughout the fed stimulus program. that is up about 70% over the course of a three-year period, when they first implemented quantitative easing. things get interesting here because a lot of big traders are very vocal they would be buyers of gold once it dipped below $1200 an ounce. the next few days will be very telling if there is enough gold out there to start buying at these levels. nonetheless, trend is certainly to the downside. so far year-to-date, guys. gold prices are down 2% and on pace to end a 12-year bull run for gold this would be at first annu

we have larry stover, sandra smith standing by at the cme. sandra, i want to start with you. the lady that does trade, one of my favorite segments on fox business. what was your favorite trade for 2013, sandra. >> i brought on trader and trader said, pull up the broadcast, remember on the trade we talked about gold was a sell when we saw it at, lofty heights above 1600, $1100 a troy ounce and what a far way gold fell. worst performance for gold in 32 years, guys. a lot of people are talking about maybe gold sold off enough at this point. when all the major investment banks calling for commodity prices to do so horribly in the new year, maybe they could be a big surprise. i do hear a lot talk about that, david and cheryl. maybe commodities will emerge. as people get sick of stock prices in the new year, maybe they start to take their dollars to put it to work at some oversold, undervalued commodities. david: larry shover, let's talk about the 10-year interest rate. we saw it double this year. if it doubles again by the end of 2014, that means interest rates close to 6%. is tha

above pavlick, steven olinner and sandra smith. i need to get to nicole.ment, nicole. we were up 45 points on the dow. when we got the announcement dropped down to losing 60 points. now we're up 13points, my, oh, my. a lot of volatility in a short amount of time. >> volatility is the understatement. we broke the lows of the day as the fed made its announcement and broke the highs of the day moments later. traders take this ultimately as good news. taper is 10 billion. obviously slow-going, right? it is not a big move. it's a move wall street anticipated. also talked about fiscal policy, at least improving some. fiscal policy was a hurdle for the fed. they have showed that has improved. economic conditions showed some improvement as well. there are many people on wall street who didn't think you should have had the fed doing this, all this stimulus in the first place. what it tells you ultimately things are getting better. however, right, there is that wildcard that this is not a set course. they will make decisions based on their assessments going forward.

our own sandra smith and lincoln ellis, green square managing director in the pits of. sandy, start with you. want to talk about oil. it is down double digits from the triple digits heights. what is bringing the price down. >> bearally came off the triple digit number. this market has been very bullish, david. this is the first drop in oil prices we've seen in four days. sort of reality setting in. run-up past $100 a barrel because we got the very bullish inventory report last week showed a bigger than expected drop in supplies. the david, reality setting in, crude inventories are at the highest ever for this time of year that sort of set in. this market sold off as we closed up, oil prices up 9% so far this year. this is the forth fourth straight annual increase in oil prices. don't expect the gas prices to stay too much lower as we they had into the beginning of the year. cheryl: lincoln, i want your mood as we finish on a strong note for the dow especially the s&p. do you get a bullish to infor the traders or is it cautious out there? >> cheryl, you have had best yea

to sandra smith on this tapering takeoff. >> unbelievable reaction from the stock market. the dow jones industrial average closing at a new all-time high. 16,168. the s&p 500 a gauge of the broader stock market covers 500 u.s. companies hitting a all-time high closing at 1810. the previous high 1808. 30 of the stocks hitting all-time highs today. ranging from tiffany, the luxury retailer to exxon mobil, the oil giant. the tapering will not begin today, it will begin in january as many economists predicted. the number falls to $75 billion in bond purchases monthly. it had been $85 billion. that number was also in line with the economists' forecast. the market takes this in stride as the federal reserve complimented the economic recovery as reason for lessening the bond purchases saying outlooks for the labor market conditions is the reason for this quote/unquote tapering. this is also by the way the first steps the fed has taken in unwinding this stimulus program it put in place to bounce back from the greatest recession since the great depression. home builders, some of th

sandra smith joins us. superbowl not on a sunday. say it ain't so.they ever have decided to play the super bowl in a cold weather, not a domed stadium. >> everyone is getting a little soft about professional sports. everybody had a blast the couple begins ago watching these games, cold temperatures. it is just showing the sport is getting weaker, changing the rules, let's play in the snow, on a love it. stuart: i agree with you 100%, we had a shot of a recent blizzard in which they did play the game. i think that is part of the game. you cope with the weather, same for both sides and you and i agree on this finally. adam: easy to say when we are standing on the sidelines but for the fans, certainly part of the fun. stuart: we are in agreement, thank you very much, the dow is down 20 points, not much of a move lower after yesterday, 300 point rally. it is on a minor league dropped down there, 16-147. be cigarettes are coming on strong and as their popularity grows so do calls by a local government to regulate them. cities like new york, chicago planni

stuart: sandra smith in chicago. >> it's monday. stuart: yes, any bubble talk in chicago, sandra?een around and charles is saying accurately. if you're going to to get a handful of big economists and money managers who are going to call it. it's a distinction, with what robert schiller is saying here. he's not calling this a bubble. he's saying it looks like a bubble. if it is a bubble it could end very, very badly as far as financials and the technology and stuart-- [inaudible] >> look at that, live television and we just froze right there. and i think she was about to make an important point, too, let's see if we can get back to her. you want to round out her thought? >> no, i know those are more short-term traders and obviously the more you go up, the more anxiety there is, and no doubt about that. the parallels made to the more infamous bubbles that people lived through aren't there yet. we haven't had any real correction. >> that takes up 34%, that's not a bubble, but that's a big rally. all right, i've got two big retail names and you know them. j.c. penney to start with, i

here is new mom sandra smith in chicago to get her take on it. would you use this seat? my time trying to keep it out of her sight because all she wants to do is grab after it. i find this borderline this disturbing. they are so tempted to do anything to distract their child for just a little bit of spare time for themselves to do something, the worry is this could become a crutch and the most important thing for an infant at this age 20 american pediatric association is that they see faces, hear voices, touch objects. there are some huge concern about babies developing their motor skills if they're working with something so two-dimensional like an ipad. it is borderline scary or even putting some electives on the market. stuart: any time i a baby in a car seat i have one objective, that is to get them to sleep. i am sure you have done that, everybody has, right? sandra: of course. you talk to them. direct with them, that is the biggest fear here is they lose the humor human interaction which is so important for babies under the age of two to develop those skills. stuart

let's bring in sandra smith. what do you make of this? would have a lot of folks to answer to in small towns in north dakota affected by this. as of last night at our five cars a blade, a lot of talk about the health and safety of the people surrounding this. one of the train lines going west, the other one going east carrying crude oil, both of them owned by berkshire hathaway, warren buffett has pushed on the issue to transport crude oil, north dakota, second-largest producer to the united states, all these trains are running around with crude-oil, spoken out against the pipeline and here we have an example of how even the railways are at risk. there are some questions that need to be answered. they pose a risk at the end of the day. what is the lead to threat? this is a mess. stuart: i want to know how much money warren buffett and his company have made by transport oil by rail. is there any connection between the big profit made doing that and opposing the pipeline project? is there a link? >> probably fair to say warren buffett is ta

sandra smith, what are your thoughts on that?grain a little bit here. a big fan of this, a female says she loves it, so it might be effective in that it has got people talking. it makes this woman feel empowered, they may associate the brand with empowerment. but i am not a big fan of pointing these things out to the world. i'm a bigger fan of women getting to higher places in the workforce on their own merit and i am not sure we have to continue this conversation. stuart: we should point out that ad is only airing in the philippines but it has gone viral. dr. keith ablow is here. why do we view men and women differently in the workforce when they are doing is echoed the same thing? go. >> they carry gender stereotypes into the workplace, and i don't think it is exclusively the domain of women, females, in terms of that being unfortunate. men can be seen as overly aggressive, men can be seen as domineering. i don't know whether the conversation needs to be there need be no gender difference, and that is my fear here, stuart, we a

sandra smith in chicago, what do you make of that? >> well, from a traders perspective.xt week, the next month or the next year, you're going to get a lot of varied answers and that's causing the volatility right now. the vix is skyrocketing. uncertainty a skyrocketing, and fear in the marketplace is sky rocketing. the s&p 500 is up 26% this year, the dow is up 22%. and if you are responsible for managing someone's money or a fund's money and your job is to track the s&p 500 you're probably going to lock in the gains you've got and go home of the rest of the year and that's why we're seeing the selling the past several days, there's no need to put that money at risk in the final weeks of the year if you've already got 30% returns on your investment this year in the stock market. so, we are seeing a lot of investors running for the exits the final days of 2013. stuart: when bears reverse themselves that could be a sell signal in itself. when the pros say no, no, the market is going up straight this year some will take that as ho-hum selling because they're going to be wro

that is out at noon eastern, 45 minutes from now and sandra smith with the trade today.dam: different from the crop report, the world agriculture supply demand reports markets really count on 45 minutes away from that report and the calm before the storm. at the cme where prices plunged corn, soybeans going into this report although traders are not ruling out the fact the we could see big market movers, global stocks expected to come in at 1 eighty million metrics, that would be up from the usda forecast, if you get bigger than expected numbers you can see the price continue to plunge. the risk of damage to the u.s. soybean crop has been a big concern. a lot of traders here saying what they are hearing is damage from cold snowy weather is limited right now so we are close to get these reports on grains today at noon eastern of a glut of supply in the grain market. we farmers continue to harvest record crops and that is affecting a lot of companies that you and i know, dominos, pinero bread, restaurant chains have been very vocal that the drop in green prices helps boost

sandra smith in the pits of the cme with today's trade. sandra? >> yeah.till to the downside and precious metals market. investors running for the exits. gold down $26 on the session at 1224 a troy ounce. silver prices also down on the session. all this, guys, in a year where gold prices have lost 27% of their value. investors have pulled $34 billion out of commodity funds this year and looks like this selling could be exacerbated as we kick off december. any good news in the market is translated to the fed possibly tapering at its meeting this month and tapering means stronger u.s. dollar. weaker gold prices. right now.e trade happening by the way, gold in november, falling 5.3%. its worst performance since june. right now on track for the first annual loss in 13 years. gold isn't the only commodity that's struggling. look at year-to-date performances. corn down 41%. silver down 36%. coffee off 24%. all three are in bear market territory. and wheat, thanks to a bumper crop down 17%. where are these commodities going? all the big commodity houses have basi

we are joined by an all-star panel, lauren simonetti on the floor of the stock exchange, sandra smiths of the cme and brian jacobson, chief portfolio strategist. we got to start with warren. >> the biggest story is the ten year treasury above 3% so rising rates will be the story in 2014. two more trading days left. and it is not happening at this moment, the dow is down a point. the s&p down not even a point, the nasdaq selling of the most, the dollar is down and commodities looking like they are ready to break out and we should look at metals out there call all of these things up today, oil and gold. tracy: commodities ready to burst at the seams? >> obviously wall street, commodities with major trading floors, getting shot down, commodity traders getting laid off, there are dire forecasts when it comes to gold and oil and copper and a lot of this is based on a record run up we saw and prices of those raw materials of the past 10 or 12 years old gold and base for its first drop in 12 years, that is remarkable about what is happening is record after record in the stock market and inve

connell: sandra smith is here with the trade joining us from the cme in chicago. >> reporter: hey, guysices up about ten cents on the session, but we're at $97.74 a barrel, so we start to talk about potentially triple-digit oil prices here when we do see that the latest cfdc reports are showing hedge funds and large money managers are increasingly bullish in oil and in general in the energy market. that chinese trade data we also saw imports, oil imports up 19% in the latest month, and we've got that employment report that's bullish oil to. trey, you don't really think it's all of that driving oil prices, however. from a trader's perspective, you say something else is at work here. >> you went from 112 to 92, a bounce is reasonable. the other thing for right now i think is a little bit friendly, and don't get me wrong, i think we're going to run into problems at 100. i'm okay with it higher, but i'm not super bullish above 100. look at the term structure, the premiums and futures. the spot month had a huge discount to the back month that tells you end users are saying, hey, i want to pa

connell: sanda smith is watching all the action as she does on the cme joining us from the trade. sandra can base all the notes, pretty much consensus is the fed taper move won't actually happen until january or march. it still says 11% chance a taper could happen or be announced as of this afternoon. guys watching the market right now, the stock market wavering in and out of positive territory. the dial on a 21-point gain right now. the nasdaq down, oil prices are down. now it is turned up about $0.15, copper prices are down, we have seen copper, this is the fed played. if a taper oakhurst, we could see a weaker economy, therefore less demand for copper. yield on the 10-year, the bond prices coming down. the market really kind of setting themselves up, gold only down $1 right now. so everything is sort of in this wait-and-see mode. back to you. connell: you have to play along with us, picture a library, everybody should know what a library looks like we hope, but forget about the books and the card catalogs and dewey decimal and everything else, just think of a clean room that has ipads