refiners like marathon, phillips 66 and valero all stand to benefit.re going to have a very good fourth quarter earnings. david: and, george, how do i buy my gold? >> i think probably through an exchange-traded fund that concentrates basically on gold. there are a number of them. there's gld which is the largest and most liquid of them, 400 ounce delivery in london, there's iau which i own a little bit of which is 100-ounce gold delivery in delaware in the u.s., and then there's a canadian phys which is a delivery in toronto. and those are direct gold investments, not derivatives. liz: let's, if we can, put up those refiners that andrew just talked about, marathon, phillips, western and valero because i think that's an important point to be made. they're the ones that are able to alter their output depending on what the price so they can continue to make money, isn't that correct, andrew? >> well, exactly. they can do a little bit of switching, make a little bit more gasoline, a little bit less diesel fuel or vice versa. but they are benefiting from pr

. >>> we saw a spike in valero after epa eased standards for gasoline.t means refining companies like phillips 66 and valero won't have to spend as much in ethanol, improving those profit margins so refiners showing midday moves today. >> big movers, thank you so much. >>> yesterday eamon javers told us all about the leaks about u.s. government spying maybe taking a toll on corporate profits. today we learn the u.s. is also collecting our financial data. eamon javers with the story. >> here's another industry to pay attention to the potential impact on bottom line. wall street journal reporting this morning cia is monitoring transfers, money transfers at western based financial firms, western union in particular. wall street journal saying a lot of these transfers include data of american if they're transferring money overseas. they don't include entirely domestic transfers but overseas transfers is fair game under the patriot act. we reached out to learn more about this. one intelligence official told me today saying any activity conducted by intelligen

. >> none of the dust spilled, but a member of the valero watch dog group says the incident was a wake-upl. >> it's just impossible to clean this stuff up. >> it's called tar sands, and all five of the bay area's refineries have plans to start transportding it from canada by rail even though some experts say the oil carries a higher risk of damaging spills and fires similar to the one in richmond last summer. >> i peckture huge funnel coming down from alberta. well, i don't like that. >> but tonight environmental groups gathered in berkeley to talk about how to fight back. residents will get to review an environmental impact report before the tar sands project goes before the planning commission, and says that's a start. >> this is huge, and the refineries are not used to that. >> christ in ayers, kpix 5. >> police say the petroleum koch that was being transported was contained. >>> google is finally breaking its silence about that barge out on the bay, and looks like we were right all along. as kpix 5 firgs rortd weeks ago when we broke this story, the barge at treasure island is indeed

. >> reporter: the train cars were carrying petroleum coke what's left an valero's benicia refinery processes oil. >> i have to tell you, this has just shocked our town! >> reporter: none of the dust spilled but marilyn a member of a watchdog group says the incident was a wake-up call for benicia at a time when the refinery is fighting to bring 70,000 barrels a day of what environmentalists call some of the dirtiest oil on the planet. >> it's just impossible to clean this stuff up. >> reporter: it's called tar sands and all five of the bay area's refineries have plans to start transporting it from canada by rail even though some experts say the oil carries a higher risk of damaging spills and fires similar to the one in richmond last summer. >> pictured a huge funnel coming down from alberta tar sands feeding into my town. well, i don't like that. >> reporter: tonight environmental groups gathered in berkeley to talk about how to fight back. benicia residents will get to review an environmental impact report before the tar sands project goes before the planning commission. and bar day says th

. >> interesting thing about valero, compared to other refiners, it is cheaper. on a price to earnings basis. >> absolutely. it will benefit from the reduction in the ethanol credits. >> all right. you're going to a stock close to all time highs. >> i am. and because, when you look back on the long term chart, it's closing out at '05 level of 43, 44, 20% move from here. yahoo. and i'm buying it -- >> can you guess the stock? >> there it is right there. >> there. okay. >> the radio listeners couldn't see it. and i'm buying it, because of ali baba, 24% stake in that. >> guy. nice suspenders. >> you like that? >> 1980s night kicking it. >> old school. >> anyway. >> you like that. >> mastercard. >> at an all time high. why do you want it? it's not a consumer story as much as people want to make it about the consumer, i don't think it is. people are spending money differently. you have a whole class of people coming in. new consumers in the third world markets, developing nations continue to see that growth. listen, valuation is a stretch of 25 times forward earnings,

>> the big beneficiary, of course, the independent oil refiners like valero, marathon or phillips.ean, unfortunately there are a number of losers on the renewable fuel side, those publicly traded producers like green plains renewable fuels or pacific ethanol, they are going to see the demand for their product go down. on the other hand the consumer is going to be a big winner because their food costs are liable to go down if we use less corn that's a good thing for the cereal producers or dairy farmer. >> it's a different corn generally, those right? feed corn. i know it's the same ground, andy but we're not eating ethanol corn. >> that's true. look at corn futures, prices are not making a distinction where that corn goes. >> who else do you think might be a winner and who else might be a lowers. farmers want to see price stay stable. anybody else on the loser listing your mind, andy? >> those companies that were planning to benefit from the advance biofuel and the cellulose. these companies are seeing demand for their product being decreased by fiancee. >> give us your take in 45

in october our undercover producer bought milk and ice cream at a suspended valero on bladensburg road. the imminent health hazard sign was on their window. we caught them twice at this 14th street bakery in may suspended but operating with the sign ripped down. did you get everything cleaned up with the health department? when we asked d.c. health, officials said no and an inspector shut them down again. in june at janet kabob they kept operating with the closure notice still pasted on their door. this says the establish is ordered closed until further notice. >> that doesn't -- you can't open this. >> i fixed most of the problems. >> reporter: we called d.c. health again. >> please don't open up again. >> reporter: besides those placards d.c. law says restaurants must post the most recent inspection reports in a conspicuous place, but in october back at paul bakery. hi. i've looked all over and i can't see your most recent health department inspection. the manager e-mailed calling it a bit unfair because other restaurants in the report had violations for roaches or rodents while paul

the valero.higher on this epa reduction in the use of ethanol, corn based ethanol. those refiners moving higher as they don't have to use as much ethanol in the coming year. we're also seeing the ripple effects in the more direct markets. gasoline futures, they are headed a little bit lower. this contains the costs for some gasoline. they are not as exposed to prices for ethanol or corn. corn futures take a look at those you're seeing an impact from that epa decision as well. certainly a lot of ripple effects from this epa decision. >> thank you. it is street talk time. friday edition of street talk. kellogg first of all getting downgraded to under weight. >> down now over the past month but barclays citing multiple factors that could weigh on next year's earning growth. this stock downgraded last week by deutsch bank. a quick note too. if you think kellogg's might benefit from lower corn prices, generally the feed corn and ethanol corn is completely different. just take that into account. corn p

i'm looking at three that you have today, valero, horseman insurance and alaska air.ntages which scares me, frankly, barry. they've had a very nice run already. [laughter] >> well, you know, the nobel prize was for disproving the random walk on wall street. now, my father actually made that proof -- [laughter] ten years prior in his doctoral dissertation. liz: he needs credit! give daddy james credit. >> but it still works. it still works. those that outperform continue. it's just like a good baseball player, you know, you've got to pay him a lot of money, but you want to keep him on your team. so these particular companies are in some sectors we think are going to do pretty well. we look at the energy area, we've seen the oil come down. that's very good for refiners. anything below $100 they tend to make a lot more money. liz: sure. >> they're cheap with good dividends. horsman, they participate with this whole money thing going on -- horace mann, they're very highly respected, have been doing a good job. and alaska air, people may be with cutting back as you talked

they were loaded with a powdery black by-product from valero's refinery called petroleum coke and it'ss left after oil is processed. edge environmentalists are concerned about more accidents if local refineries haul in tar sands from canada. >> i picture a huge funnel coming down from alberta tar sands feeding into my town. well, i don't like that. >> the petroleum coke aboard the train that derailed monday did not spill and there were no injuries. >>> auto thefts are on the up swimming this year in alameda county. the -- are on the upswing this year in alameda county up 14% compared with 2012. kiet do looked into where these stolen cars end up. >>> reporter: when it comes to stolen cars, this week the small town of san leandro posted big city numbers. the past 7 days how many? >> 21 vehicles have been stolen throughout our city not just in one particular area. >> reporter: this crime map shows the city's auto thefts since last wednesday. that's right. 21 in a wee in a city with a population of 87,000. 6 were stolen in just one day. most end up in chop shops like this one in oakland wh

they were loaded one a powdery black by-product from valero's refinery called petroleum coke and it'shat's left after oil is processed. environmentalists are concerned about more accidents if local refineries start handling tar sands coming down from canada. >> a huge funnel coming down from alberta tar sands feeding into my town, i don't like that. >> the petroleum coke board, the train that derailed monday, did not spill. and there were no injuries. >>> new details in the new jersey mall shooting. we're now hearing the 911 calls from panicked people trapped inside that mall as a gunman opened fire. >> i'm inside the store in the office by myself. i'm scared and i want to get out the mall. >> 911 calls came flooding in from shoppers and store employees scared for their lives as the gunman fired several shots at the garden state plaza mall monday. people hit in dressing rooms and bathrooms begging for police to escort them out. >> somebody shooting up garden state plaza right now. >> somebody shooting? >> somebody is shooting up garden state plaza right now. i'm in the bathroom. >> ok

take a look at names like tesoro, valero, murphy, they're all up on the day. back over to you, scott. >> you with us, dom? we're all good, right? >> yeah. >> dominic, thank you. [ laughter ] >> nice lift in northern tier. i would use it to take the chance. you have the widening of the spread in brent t.i., looks good there. but the conversation here with wnr, taking the stake in northern tier, brings you to the potential to a little bit of an mlp conversation, which investors like. refiners here, i think they're okay to own. delich is the one i favor. >> and now, turning to dan loeb, defending some of the past trades and revealing a stake in a new company at the dealbook conference. kate kelly has more. kate, interesting, you don't hear from loeb all that often, at all, publicly. so everybody was sort of keyed in on what he was saying. >> you're absolutely right, scott. it's so rare to see him on camera, and we got a rare treat with that today, and a really detailed, packed interview. probably the surprised disclosure was the stake in fedex. he mentioned that

we've got so much interest in here, valero, tee sorrow and holley frontier.ke off te sorrow bau it popped so much. but holley frontier 10 bucks off the 52-week high. mid kunts nent refiner. they are getting benefit with the bakken and so forth. i own it. >> final trades up next. we'll find out who won our throwdown between fedex and ups. back in two minutes. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> welcome back. the people have spoken and we've counted your results and you said that team ups, josh

valero a big gain but that is bucking the trend of these energy plays.ters a chance to not only check up on their congressmen and senators but communicate directly with the local reps about any issue. joining us from the parent company citizen engine is rodney massey. thanks for being with us. how does it work? >> thanks for having me today. i citizen is that engagement platform we launch from the iphone that gives citizens a critical voice in the legislative process. what we are doing is doing that three ways by giving the ability to know the issues and to cast their vote. on another issues area we give people the ability to track for follow issues like you would follow someone at facebook and give them the ability to track or follow legislation and actually support or oppose that legislation in the apps and aggregate news from a variety of sources across the country so you can imagine an article that might appear in related to education and the l.a. times on health in the chicago tribune and give them the ability to track and follow the news. dennis: t