swatch and tiffany. 's tiffany will have to pay swatch after losing a breach of contract suit.e the details of the case? >> this relates to a joint venture that was set up a swatch and tiffany. the idea was that they would develop a manufacturer of watches by swatch that would be sold under the tiffany's brand. alleged thatch tiffany was blocking the development of this business. what we have now is the results of this. the netherlands arbitration panel has decided that tiffany's million swatch a $449 as reparations. it is quite a lot of money. surprised to see that we are not seeing a bigger jump in the swatch share price. it is up around .5%. >> that is a little bit surprising. in central europe, a lot of people are on holiday. half $1 billion, quite a significant blow for tiffany's. >> looking at the share price, it might reflect the fact that this case is not open. ceo says they are shocked and extremely disappointed by that decision and that they are reviewing their options. they are talking to legal counsel. maybe this is not dead yet. maybe it is not time to start counti

we have a live look at the big board, dow jones industrial average is down 32 points and s&p 500 is down, tiffaniesnd coals are shall shall shall -- cole is up. >>> and they have more on the largest cell phone network and apple is not commenting but they are linking up with china mobile. they say it could start this month and another report this morning said they are giving relief to struggling homeowners. failed and they are not telling them about any mixing documents. >>> we are finding out about a missing worldwide data breach where facebook twitter and yahoo users have had their passwords stolen. security experts say mall wear all over the world has been stealing passwords and sending them to somebody. it keeps a record of everything people type into their computers and one of the biggest problems, they use the same password to everything. >>> another lead document by edward snowed den is tracking the location of know forms and it is 500 billion a day. the collected information is looking for a pattern of behavior among terror suspects. >>> president barack obama is not allowed to have an iphon

that would double 20- 13's i-phone sales in china. luxury jeweler tiffany and company is ordered to pay swatch group 449-million dollars in a contract dispute. the dutch arbitration court ruling concerns a joint venture the companies entered into in 20-07. swatch was to create a new company to make and sell watches under the tiffany brand. but swatch accused tiffany of blocking and delaying the venture. a tiffany spokesperson expressed shock and - quote "extreme disappointment" over the ruling. he added that tiffany is exploring its legal options in the decision. this time, its joseph a bank's turn to say "it doesn't fit." the men's clothier rejected a more than one-and-a-half billion dollar takover bid from rival men's wearhouse that sent men's wearhouse to mull over a possible proxy battle at bank's next annual meeting. both retailers have tried taking over each other but neither has made offers that have been accepted. in june, men's wearhouse ousted it's founder and chairman, george zimmer, in a dispute over the direction of the company. more trouble at

we have 83 new 52-week highs in the s&p 500 and among the stocks making record highs, high-end jeweler tiffany and fedex and ups as they shrug off that christmas shipping snafu. let's get to our market reporter mary thompson at the nyse, and rick santelli at the cme group in chicago. mary you're up first. >> as you mentioned dominic, the market's record run at risk, traders say no surprise, little overbought coming into today's session given the runs, six straight records for the dow industrial which closed yesterday at its 50th record high of the year. today what we're seeing is a little rotation out of some of the year's best performers. consumer discretionary leading the decline in the s&p 500 and as you take a look at the leading decliners in the consumer discretionary group, it is netflix, also trip adviser. we're seeing best buy decline as well as game stop. and three out of the four, they've posted triple digit gains so far this year. so some investors locking in some of those gains in that session. we want to talk about crude oil because yesterday we were talking about the move to 3% o

have been sent into some r e s where violence has broken out and the government blames the situation on the nose hurts. it says that aren't it all scales people that are tiffany was sorry if argentina has returned to democracy and tuesday. this all started a week ago when police went on strike in the city of god abide in the center of the country two people died in violence that broke out a small set type stores and businesses that offer no dap and doubled police made two almost two thousand dollars per month to get them back to work strikes dense bread and now security forces in almost eighteen percent of argentina's region's top off the job bryce is all for retail goods are rising rapidly by twenty five percent each year making it difficult for many people to make do as most others. the situation could get farther out of control in strikes spread from police to nurses or other groups employed by the government ms koh and his address on the chase as the authorities have brought this on themselves. you are seeing regular criminals and killers pluto was just playing teams are taking advantage of the fact that the police on the streets to do all the eulogy. thi

tiffany found out about the theft after she was laid off. of 36 he took the items over seven years starting as far back as 2005. >>darya: former and slyst edward snowden is speaking out this morning. --nsa analyst. in an interview in moscow, snowden says everything he was trying to do " was validated " when journalists to tell the story of the u.s. government's secret collected-a collection of all and all my records involving americans. snowden says he didn't want to change society against the side a chance to determine if it should change itself. " >>james: a settlement has been reached with the new england compound in pharmacy that was at the center of a focal meningitis outbreak. --fungal. the settlement creates a $100 million fund to compensate those who got sick and to pay off creditors. nearly 700 people fell ill and dozens of deaths were reported. the outbreak was linked to tainted steroid injections from the massachusetts bay center. from the massachusetts bay center. the ll osuccs. from the massachusetts bay centheree hor thprou acmpliment ourtudes analum. peop lik mar salar, anxecuve dectoat ameran r cro. or glin ith,ideo

holdings this year have been apple, tiffany, lululemon and verizon. 2014 i'll be on the lookout for any value. the stock market is up close to 29% this year for the sjust looking at if any of the companies that i own pull back so i could add more holdings. >> what's interesting to me about both of you guys is you invest in kind of a couple specific equity names. i'm not hearing a lot about, for example, fixed income etfs or commodity plays or things that might be outside of the stock market but you're able to invest in them because of those fund structures. wayne, why not? why stick with just a couple of those individual names here? >> well, i think it's smart to go with firms that you're familiar with and with industries that you have some knowledge of. the 401(k) aspect is something that i've participated in for many years. my funds were tied into the s&p 500 for over ten years. i feel that just sustained route is important. also just sticking with firms like apple, sirius, the firms you're familiar with and you know the supply chain of. >> i wonder, wayne, if the value of your retirement account has increased this year? are you changing the way