textron is making them and they have a new deal. coming up in motors and we will tell you all about it. ♪ >> this is "lunch money" on bloomberg television. i am adam johnson. today's moving picture is where the video is the story. in beirut, a car bomb killed lebanon's former financial minister. it also killed five others and injured 50. he was a leading figure opposing the regime of syria. the scandal in turkey moves closer. a second wave of investigations are focusing on its family and now prosecutors have accused the prime minister's government of obstruction. turkey zeroattling which is fallen to a record low against the dollar. from -- fors blamed multiple pileups on the roadways. dozens of vehicles involved in chain reaction crashes. staying with motors, we are talking and we are taking to the air. textron, a manufacturer of cessna aircraft, is buying a company. one major asset from the purchase, their king air models. that is the rolls-royce of airplanes. they are gorgeous. with this addition, textron will sell everything fro

cessna owner textron buys beechcraft.illion deal will help textron encounter a slump in business jet sales. cessna'st complements product line. aircraft sales account for about 60% of textron's sales. gm recalling 1.5 million vehicles in china. regulators say there is a defect in the fuel pump bracket that can cause gas leaks. the retail stores on december 30. gm operates in china with s a i motors. the turkish firm that owns godiva chocolates is gobbling up the firm that makes chocolate pretzels. demet's,21 million for that was owned by a connecticut buyout firm. the big stock stories -- twitter. shares have exploded. around 70%. if you look at the chart, you can see that there is a debt at the end. end.dip at the about 5%, analysts downgraded it to the equivalent of a cell -- a sell. our next guest agrees. larry, you do not actually own twitter. hoodie -- >> no. prospectsl business are good but you do not want to buy. >> you have the business and the stock. business is sensational. if you take google, facebook, and twit

textron making them. have a new deal in the business world.er, the business of doing it differently. no marketing, no managers. ♪ >> it is 26 minutes past the hour, which means bloomberg television is on the markets. i'm alix steel. it is a mixed picture when it comes to stocks. the dow just slipped into negative territory. the s&p is also unchanged. the nasdaq is slightly lower. within the s&p, you have energy and materials putting up a strong showing. overall, stocks are still around record territory. portfolio managers making some gear-and moves. we will be on the markets again in 30 minutes. ♪ onthis is "lunch money" bloomberg television. today's moving pictures, the video is the story. in beirut, a car bomb killed lebanon's former finance minister. the explosion also killed five others and injured 50. the former finance minister was a leading figure opposing the regime of syria's president assad. the corruption scandal in turkey moves closer. a second wave of investigations focuses on a foundation run by his family. a scandal is battling

textron makes a deal. company chiefs are doing it differently from no marketing to know managers. 2013, what better way to finish the show than with cars and tanks. we willki

textron has reached a deal to buy beechcraft 41 $.4 billion.craft emerged from bankruptcy earlier this year. both companies had struggled with the downturn in orders due to the recession. and dallas cowboys quarterback tony romo officially out for the rest of the season. coach jason garrett says he underwent back surgery after being hurt in sunday's win over the redskins. kyle orton will start for dallas against the eagles on sunday. the winner is headed to the playoffs. now to our special year-end series. the top five. as we wrap up the year, we look ahead to next year. we are talking about the top five gadgets we will see in 2014. our guest is dan rosensweig. he is with us, along with brian heater. brian, thank you for joining us. interactive learning told is your number five. tell us why. >> i think they are ready. the percentage gdp that is spent on learning is huge in this country. -- everybody our in this country is in higher education. usings are going to start their dollars toward told that help their kids to learn math and science and

textron making cessna planes, making news that it's buying beachcraft. with available cash and $1 billion in new debt. and gm is in the red after announcing it will recall buick models. >> carl, let's get you the roadmap for the hour. it's another record high for the markets. today, before we started, pulling back. certainly saw the dow and the s&p 500 at records. is the rally in jeopardy? we'll look at the technicals in a few moments. plus, in the wake of the data breach at target, one senator wants the government to hold companies accountable. senator robert menendez will join us live to explain. former fdic chair will join us. >>> first, the markets are lower after being in rally mode for the last six sessions. are we reaching a resistance level? let's consult the charts with katie stockton, the chief strategy specialist. welcome back. >> thank you. >> i keep seeing mentions of the number of stocks above the 50-day, the 200-day. where are we in terms of be overbought or oversold? >> market breadth, which is what you're referring to, or market particip

textron willition, sell everything from the single cessna 100 series plane to business jet fleets.sold $12 million worth of products last year. another top headline we are following for you this hour, an icebreaker named the snow dragon has drawn close to a ship that has been tracked in antarctic ice since christmas eve. it is raising hopes that rest is imminent. the russian ship is not in danger of sinking. there are ample supplies for the scientists and crew on board. three icebreakers have been trying to reach the ship. from deepwater to deep space, 2 russian astronauts up and walking outside the international space station. third spacewalk in a week orbiting the laboratory. earlier, u.s. astronauts removed a faulty cooling prompted today's mission is to replace high resolution cameras. santa-tracking program locked in 19.6 million unique visitors to the website on christmas eve. this is the north american aerospace command site. volunteers answered more than 170,000 calls taking information on santas whereabouts. the christmas tradition began in 1955 when a local newspaper invi

let's be careful with textron, i don't think it's a takeover target here. go to mohan in new york? >> caller: boo-yah, jimmy, love your show. >> appreciate it. what's up? >> caller: happy holidays to you and your great staff. i got an allocation in last week's hilton ipo. i'm happy with that. my question today is on cqh, cheniere energy partners, also ipo'ed friday. it's been down a bit since ipo, wondering what your take on that, buy, sell or hold. thanks again. >> well, sharif has done a lot of great things. the cheniere partnership, i think it will work. but we got in these much, much lower. and this ipo, i want to see -- i'd rather talk directly before making a judgment. i can go to jerry in wisconsin? >> caller: hi, jim, how you doing? >> good. >> caller: first-time caller and i watch your show every night. >> thank you. >> caller: i'd like to know about himax technology. >> they have this terrific service called trifecta report. blessed on fundamentals, blessed on quant, blessed on the chart, this is one of the most blessed. this is a street.com thing

also with regard to the company that's possibly buying them, textron.of the cessna small aircraft brand. back over to you. >> 8% gain. thanks, dom. >>> all week as you probably know we've counted down the top stories of year. so here on "power lunch" here's the number one story of the 2013. >> "power lunch top stories of twin 2013." number one, the store roift year, stocks, bonds, and ben bernanke. >> the dow has indeed hit a new all-time high mark. >> the animation says it all for the first time since 2007. we have a new s&p all-time high. >> and we pick it up right where scott and the giang left it. the s&p hitting all-time highs today above 1600. >> and now we're on the other animation because the dow hitting a new all-time high today as well. crossing that 15,000 mark for the first time ever. >> yields back below the 3% mark as traders question whether the fed might indeed pair its bond purchases soon. >> i can't remember a more eagerly anticipated, maybe more important fed decision. >> we have a record-breaking day down here, ty. the dow and s&p bo

also textron is buying beach craft, the maker of cessna planes.aft exited bankruptcy earlier this year. >>> and a number of travelers received a late christmas gift from delta yesterday. travelers found incredibly low fares on the website, we're talking about $25 to go across the country. the website says it'll honor the fares they offered by mistake. some round trip cross-country flights $25. might be one for $19 i had seen on twitter. delta says the problem had been resolved and as i mentioned the last hour, i tried to get one of these rates, but they didn't seem to have them for international flights and we were going for family vacation. >> there was an airline that used to be able to buy tickets like that on the airplane. >> tony fratto who has not been properly introduced, but he will be. >>> britney spears beginning that two-year residency in las vegas today at planet hollywood. and we were talking about whether this would work and how much she might be making to do all of this. well, according to forbes, she'll be making about $300,000 a c

>> textron shares up 1%. beechcraft, a corporate jet market where there jets were just about $1.5 billion. interesting because they exited bankruptcy not even a full year ago. and not dealing with the company either, their top line missed wall street expectations for five consecutive quarters and recently reported traffic in the third quarter just wrapped up, also pretty muted. adam: thank you. cheryl: like the coming back on but thousands are still without power from michigan to main and freezing temperatures and more snow on the way. accu-weather meteorologist has the details. just a rough week for the northeast. >> absolutely. power outages continue from michigan into maine and part of the problem is it has been so cold. many areas have barely gotten above the freezing market that all the last several days so that has allowed the ice to sit there. we have good news to report. we will be looking at slightly milder temperatures as we head into saturday so some areas will finally come above the freezing mark

and then there's textron, after "financial times" report it was close to buying bchltd eec beechcraftever fireworks we'll get for expirations coming up. sounds like an outlandish plot from an james bond movie. a u.s. air force general meeting russian beauties, drinking too much vodka with military secrets at stake. it's actually a spy game that's all true. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ ♪ ♪ ♪ [ male announcer ] how could switchgrass in argentina change engineering in dubai aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. inv