Transcripts For FBC Markets Now 20131119

If we move higher on the Dow Jones Industrial gains and close around these levels, you will see the 40th record high of this year. That would obviously be a big, big deal. We have seen a long winning streak. So you do see the nasdaq and the s p have pulled back. Records for these recently, however today a mixed bag. 3m, home depot, Johnson Johnson have hit record highs today. Momentum seems to be still to the upside. Commodities are gaining. The dollar pulling back but certainly a lot of names we are watching and home depot with higher volume as well. Lori and this news alert. Waiting for official word of the jpmorgan settlement as Charlie Gasparino first reported, the deal announcing today with 13 billion payout. The deal will settle claims the bank overstated the quality of mortgage security during the housing boom. In talks for weeks and as charlie has reported, lot of the backandforth has to do with the language of the deal. Adam making comments about the future move. When he was quoted saying he is cautious and that the market could easily have a big drop, but in a statement on his website late last night he wanted to make clear looking ahead it is almost impossible to predict what a market will do in the short term saying there are too many variables. Lori best buy shares plunging thirdquarter results came in ahead of estimates but the retailer warned margins to take a hit as it tries to keep up with the competition for black friday and holiday deals. The Company Getting a vote of confidence, it is showing visible progress and we are seeing it in the share price u up 270 so far this year. Down in excess of 8 at the moment. Adam right now were following latest development of the tesla model s fires. Jo ling kent is here with more details. Investigation to investigate comes after three fires involving tesla model s in the last six weeks. They are looking for safety defects involving the undercarriage of the car in 2013 model s vehicles. They posted investigation but there is more to it than that. A potential investigation a waste of time but said he hoped to bring about a longerterm positive outcome. There is a larger issue at stake about safety of electric cars, it will delay the advent of the increase of Global Climate change with potentially dangerous consequences worldwide. Asking why does the tesla fire with no injuries get more headlines than 1000 car gas fires that kill hundreds of people per year. Less than an hour ago he adds what makes this incredibly unjust is the model s to date has the best safety record, no injuries or deaths ever. Regardless of the investigation, which could take several months, he vows to extend the warranty to cover any fire damage is caused by the driver even if it is caused by the driver alone. Although this investigation could involve a recall today, shares are up just a bit right now. in both of his blog posts and tweets, he promised his investigation ends up with a problem or need for improvement tesla will implement the changes, all cars old and new, for free. Lori with the do dow flirting h a new milestone and the economy moving in the right direction, former treasury secretary Larry Summers warning about sluggish growth that is lingering so what is ahead for the u. S. Economy . Joining me with his outlook, great to have you on the show. So what do you think of the comments saying slow growth may be here to stay . No big upshot to look forward to . Do you agree . This goes back to finance 101 and the first thing most people learn is past performance does not guarantee future return. That is appropriate for the economy at this point. Absolutely i agree the county has struggled through a sluggish recovery over the past three or four years but there has been some very special factors, the collapse may housing sector sector, a euro crisis might do the euro zone secondlargest economy in the world and on top of that the hurricane last year with much of the northeast, here in the u. S. , all of these things cannot be dismissed. I am not somebody who loves excuses, but there were very good reasons to explain the underperformance. This year alone the tax increase and the sequester. The future will be very different. Lori this summers speech was a couple of weeks ago, but the reason it is sticking around is he specifically referred to the zero lower bound. It is essentially the fact the Federal Reserve has lowered rates so far 20, cannot rate lower at this point for job growth, to spur Overall Economic growth troubling by way of the fed losing its power and influence and troubling to the broader thesis this economy has nowhere to go. What has to happen to get it out of the funk . The fed is not out of ammunition as most are well aware, they have been embarking on this quantitative easing program, massive program of security purchases which pushes longerterm Interest Rates like treasury notes, Consumer Credit card loans and Mortgage Rates down to lower levels and that is where the fed is impacting the economy right now. Lori some people would suggest the fed is out of ammo. Quantitative easing, this additional tool again has done nothing to provide meaningful economic growth, to provide meaningful job creation. The economy is moving in the right direction. Gdp is showing growth, but we are nowhere back to where we were six, seven years ago. Will we ever get to that place, it sounds to me like we should be satisfied with where we are and the direction and the pace it is headed. Speak of you ask anybody who refinanced their mortgage or bought anything on credit on bigticket items, those folks will tell you low Interest Rates are helping the economy and were moving in the right direction with the pace of hiring is faster, this stone weighing on the economy is actually much smaller next year, threso the economy is on the cuf accelerating. Now more comfortable issuing new credit as easier terms. There is a whole plethora of indications that not only will continue to accelerate but we will be pushing to and above trend. Lori so we should be in good shape for the quantitative easing, the wand purchases. That is why were having this discussion now. It could happen in the december meeting. We will have to see what the next employment number looks like. If not in december, we will see at the First Quarter of next year. Lori i appreciate the discussindiscussion, thank you. Adam investors prepare for a possible easing of sanctions against iran. Fox business contributor in the trading pits of the cme, and we see crude go back over 94 per barrel . It could happen. Were seeing a big unwinding of the spread. A lot of reports of how Commodity Funds recently lost a lot of money and bad debts, todays action you can see why because it has been reversing all day headline by headline. Originally the talk was to bring the brent crude down, as people got out of that risk on trade, but we had an explog]iez and refinery indulge them bringing it back up again. But it is going the other way once again because of a report out of libya it is loading its First Oil Tanker in over a month. So that could be a sign we will get more oil from libya. This will impact gasoline because what is happening now is the back and forth depending on how you want to get that impact. Back to you. Adam all right, phil flynn. Thank you very much. Lori and romneys case on the Health Care Rollout and president obamas plan to make it better. Adam the art of the automobile from the worlds fastest car. 334 the worlds finest vehicles. We put you in the driver seat ahead of the auction in new york. Lori gorgeous, classic. Walmart giveth and walmart taketh away. As a nation labor report says walmart threatens protesting workers. Details ahead. We went out and asked people a simple question how old is the oldest person youve known . We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Losing thrusters. I need more power. Give me more power [ mainframe ] located. Ge deepsea fuel technology. A 50,000pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. Our Current Situation seems rather extreme. Why cant we maximize our. Ready. Brilliant. Lets get out of here. Warp speed. A lot can happen in a second. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Lori it is time to make a little money. Charles with a look at major players. Charles this is a natural gas play. I did this earlier this year, talked about a lot with stuart varney. We got out too early, did not make the entire move. I have been waiting for the pullback. Yesterday put a strong cell on it. This is a play on the miracle of liquid natural gas that these guys have all parts of it. Liquid vacation, distribution, storage and the fueling station. They sell equipment for all four phases of this. They made a huge and rode into china. This liquid natural gas miracle, everybody wants a piece of the action. The problem was adjusting the guidance of the lower, despite the pullback in the stock but under 100 i would start taking light a stock with the idea maybe holding it for at least a year, but i think it would get back to 130. Adam china is now getting in on fracking. Can they turn it around in a year . Charles they already have orders in china, that is what im talking about. China wants what we have. Hundreds of billions of dollars worth of fossil fuel, but we know about this smog issue, i think it is going to work out very well for these guys. Lori other susceptible to the commodity and price changes . Charles these are usually longerterm projects and are not susceptible. It is something we need that they got pretty good awards in america. This plays well. I dont think it should unless we see a serious breakdown in natural gas, anything associated could get hit, but even that would be temporary. We could actually talk about this for an hour. Lori i know. Good stuff. Adam time to check the market again. Nicole petallides on the floor of the New York Stock Exchange. The Campbell Soup company. Nicole i think it is good, would be happy to have a cup of campbells tomato soup. But the Sales Numbers were little bit disappointing. A loss of over 6 , at the lowest point today 38. 88. They came out with their numbers and a drop in demand, including the eight for example. They have been forced to cut their numbers. Obviously it is a real disappointment for the quarter and for the outlook. Down 6 . Adam nicole, thank you very much. While many stores in ohio are launching a food drive for needy workers but it has enraged some employees who have staged walkouts. Liz macdonald joining us. Liz we have been tracking this developing story. A fate of Conference Calls by union groups thing we want to expand black friday and thanksgiving day walkouts. And local individual Walmart Store outside of cleveland, ohio, put out boxes, here is the sign you will see here. Your Management Team is donating meals for workers for associates for fellow employees at walmart, so the push is on saying walmart clearly does not pay enough for its own workers to the point workers themselves are donating canned foods for fellow associates. Adam this raises an interesting question, the argument the union makes is you and i subsidize lower wages at walmart through food stamps, benefits that lope gets. Liz they noted 300 workers at the Walmart Store will cost taxpayers over 900,000 in food stamp benefits and government help. Walmart is saying essentially this is a local individual store asking workers to donate if they want to. These are for people whose spouses have lost a job or child support. But this comes at a very difficult time for walmart because the natural relations labor board say we can proceed with a complaint in a case against walmart for allegedly retaliating against workers who walked out on black friday last year and had thanksgiving day protest last year. More news coming. We are seeing protest gearing up against Walmart Stores in california, texas, ohio and illinois and florida. What were also seeing is this is a push for 25,000 annual salary wage for workers. That is what they want among other things. Lori always around Holiday Season. Adam how bad are things in detroit . A judges unusual plan that would turn the city into a charity case. Lori the aspirations of the romney clan from the matriarch herself, and romney. Her advice to her five sons and more than 20 grandchildren about getting into politics. Adam the word of our times. Justin bieber has made a business out of it. Selfie. Details just a head. [ female announcer ] tide pods threeinone detergent. Pop in the drum of any machine. To wash any size load. It dissolves in any temperature, even cold. Tideod pop in. Stand out. Ttdd 18003452550 can take you in many directions. Searching for trade ideas that spark youruriosity tdd 18003452550 you read this. Watch that. Tdd 18003452550 yolook for whats next. Tdd 18003452550 atchwab, we can help turn inspiration into action tdd 18003452550 boost your trading iq with t help of d 18003452550 our live online workshops tdd 18003452550 like identifying market trends. 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The obama minister obama adminin officials including health and Human Services secretary Kathleen Sebelius were warned as early as march about potential risks with the launch of the health care website. According to documents released by a house committee. The firm said a compressed testing window could affect the administration debility to iron out problems with healthcare. Gov after its rollout on october 1. Butterball has mistry on his hands. The company is looking into why some of its turkeys have not plumped up in time for thanksgiving this year. They said last week the supply of turkeys weighing 16 pounds we limited for the holidays. Those are your News Headlines on the fox business network. Lori thank you, lauren green. To present a campaigns now and romneys turn in the spotlight. The wife of mitt romney is out with a new cookbook. It is called the Romney Family table and sales of the book are going to cause netgear to her heart. She is donating proceeds to center for neurological diseases at the hospital in boston. I had the pleasure of sitting down with an rally to talk about the book, politics and her take on the troubled obamacare rollout. My heart goes out to those individuals having the policies canceled with no other option to find a replacement. It is terrible commit is really awful. Im hoping these things will resolve themselves quickly but i hate to see my husband predicted this would happen. Lori he was so vocal saying what he did about the formal care act. He said repeatedly he would not lose your policy, but that did not turn to be out the case. He is very frustrated. They did not tell the truth about this and if people had known that, im not sure how many people would have supported the bill. Lori do you think this extension Insurance Companies will be to continue selling policies for the president s fixing out late last week will help . It is throwing a Monkey Wrench in there. Now you go figure it out. There are some states that will not change, some that are. Lori how is it . We just got back from peru, they were able to go up in the mountains of peru, remote villages with us and see the wonderful extra in a individuals who live there that some of them have never seen a doctor. We were there to really do those things. Right now i am working to coordinate relief efforts to the philippians and i have a brother that just had a hip replacement and is heading to the philippines to help coordinate the relief efforts reported together to get into the philippines. Lori further political ambitions . A lot of people are asking if my son will run for different offices, and their mother is wisely telling them this is probably not a wise idea especially if you have Young Children in the home and do what you are supposed to do, raise those kids first. Lori five sons, 22 grandkids, what is abou it about recipes tt keep Families Together . I think the kitchen is the heart of the home as we all know. More poignant, vivid things came back to me. The feelings i had around the food i was served when i was a child. Teaching me how to cook, my mother and i wish i had absorbed more. At the moment you always think it is going to be there, and we talk about this when you first get married and try to cook and cannot even remember, you dont know how and you wish your mom and grandmother were still around. They are so important we build, the feelings of comfort, the feelings of love, the feelings of just you know you are cherished. Lori the taste of fluffernutter sandwiches. I like the little dig against mayor bloomberg saying this is certain to be banned in new york city. It is just funny. Those are the not permissible things the mothers would serve every day like fluff. As a grandmother i never had the honor to give them whatever i want to give them. The moms are very atrociously oriented, but the grass child has to have a fluffernutter sandwich. Lori all of us. What would life be without fluffernutter . Available in stores now. Adam to detroit and other financially depressed cities awaiting a historic ruling. Hinging on a judges decision whether detroit qualifies to go through the bankruptcy process. Politicians, retirees and investors wait, the federal mediator indicates suggesting different shortterm fix. U. S. District judge is asking national and local charities to contribute to a private fund to help bail out detroit. The Detroit Free Press says he wants the money potentially hundreds of millions of dollars to help promoted pieces of art from hitting the auction block. There have been concerns part of the institute of arts collection could be sold off to satisfy creditors. Some estimates say the collection is valued at around 7 billion. Lori jpmorgans redemption to settle with the department of justice in a landmark payout. Ahead, Charlie Gasparino on a deal that he says could come as early as today. Adam would you hang a Million Dollars piece of art in the garage . How about working it there . We put you in a Million Dollars drivers seat next. Hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Lori stocks now as we do every 15 minutes. Lets head to the floor of the New York Stock Exchange and Nicole Petallides. Stocks turning lower here, nicole. Thats right. Weve seen stocks are mixed. We had some back and forth action. Dont forget, we have record highs for the Dow Jones Industrials. By the end of the day it would be the 40th record high this year. Were bringing you right over here to take a look at Boston Scientific to look how it is faring at this moment. Up 3 1 3 for Boston Scientific. Won approval for a device that treats muscular disorder. Over 500,000 people actually have this issue. So with this it will be treating parkinsons disease in europe. Adam israel, colombia. It is for a dystonia a typical. Thank you, nicole. Adam riding markets higher. Collector cars earn better rate of return than the s p 500. At least they did according to one index between 2000 two and 2012. That is the barrett american any index. Theyre presenting the art of the automobile with 34 elite collector cars, 18 which are expected earn more than a Million Dollars. Here with your inside look at this event rm auctions chairman and founder rob myers. We welcome you to fox business. This is really an important auction. It is the first auction of this caliber in 10 years. You have some amazing cars. Tell me, about a 1938 tall lot, that will go anywhere from eight to 10 million. This is it one of. They built two. The other car had the body destroyed. Another client of ours has a car similar but on a different chassis. So this is the only car that remains. Original coach work. Original body. I believe it is a great buy. Adam show video actually of these cars. It is the white car you will see. It is convertible. Its a beautiful car. You will see it. There are all kinds of cars. As we look at these you have historic mercedesbenz, you have got bmws. Tell me about cars that will be up for auction on the 201st. We want ad selection that started in the 18 hundreds with the vanderbilt carriage on display in the lobby of sothebys. We have 1912 stots bearcat. You up through the 20s and 30s. This is one offthat is the ultimate supercar. We want to do the history of automobile as art form. 300 roadster, mercedes, not only do they perform phenomenally, they were a piece of sculpture when they came out in the 50s. Adam these cars, who are the people that i will will be bidding on these . Right now we have 14 countries registered. And theyre basically like world currency today you can put them in container, ship them anywhere in the world and be there 48 hours later. Theyre fascinating to drive. I have a 300 slr roadster myself. I put 8,000 miles. I use it as daily driver. Youre supposed to drive cars. You dont want this stuff to dry up. You should brag, 125 in sales at the monterey auction. Record for single auction. Adam within that auction was a world record for cars sold at auction in the united states, 1967 ferrari spider. It was a great story. And you know there is only 10 that exist. The man we consigned it for was expecting 13 to 15. They actually gave all the money to charity. Adam ed smith. He was owner. Eddie smith. We ended up having a great time. Great to see his father bought that car new probably around 12,000 in 1967 and brought 27. 5 million. Adam bring the budget. Youre selling Million Dollar vehicles. A lot of people watching may be people like me. I spend 10 grand on the side. What are cars i should look at . Some people say it is on investment. Peter mull en, said dont buy it as investment, buy because you love it. If you want to do as investment for people . Mgas, triumph. Tr6. I used to go to lay lands in london about an hour away. Picture of my head would be stuck in the window and dream of having a tr6. Those are 20, 25,000. You can drive these cars every day. You did in the 70s, right . They dont have some of the luxuries that the cars do today but there is less to break. Adam less to break. I think someone once told me carburetor is french for, dont touch it, leave it alone. Right. Adam the auction is the 21st. Correct. Adam this is the firstofitskind in 10 years. Do you think you will be setting any records . Yeah, i do. Not only setting records, i think we set a new precedent. The automobiles art, the photography weve done, catalog we produced. Beautiful presentation at sothebys in the gallery. Even the chairman of sothebys has said you have really done this, it is over the top. The decco pieces weve tied into the automobiles. The symposium were doing this evening. So i think, that itself is a record. My suspicion is well break a few world records. Adam maybe another ferrari will get a record there. Thank you so much for joining us, rob myers. If you love the cars, tune into fox business this thanksgiving. Well air our best of pebble beach special. It is pebble beach, best of show. Where you can see more beautiful classic cars like those up for auction at sothebys. You restored them. Lori that was likes car porn. Car porn. You dont get in trouble for it. All safe for work. Turning to other wheels it looks like tesla has some new competition on the roadways. Well look at the new electric cadillac. Adam say cheese or maybe just down right cheesy. The selfie getting stamp of approval from an unlikely source. We have details for you just ahead. [ 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 companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. A Research Tool on thinkorswim. [announcer]. Every wish for a bed that could feel perfect under every part of your body. [man]ask me about our tempurpedic. [announcer] theyre sleeping on the newest tempurpedic bed. The new tempur choice. [man]two remotes. [announcer] firmness settings for the head,legs,and back. These real owners get that famous tempurpedic comfort how they like it. [woman]ask me about the lumbar button. [man]lumbar button [woman]lumbar [announcer] tempurpedic. The most highly recommended bed in america. Now the fun begins im jo ling kent with your fox business brief. United airlines plans to cut annual costs by 2 billion by adding more fuel efficient aircraft and increasing employee productivity. The airline expects to add 700 million in revenue with fare addons like preferred seat assignments. Johnson johnson will pay at least 2. 5 billion to settle a lawsuit over defective hip implants. J j will pay 250,000 for each surgery to replace hips in 8,000 patients. A federal judge approve the settlement. Global drug spending will top one trillion dollars next year. Spending on pharmaceuticals will increase 3 to 6 annually over the next five years. Last year global drug spending was 965 billion. That is the latest from the fox business network, giving you the power to prosper. Adam were awaiting the jpmorgan settlement. Charlie gas hand been talking people close to the discussion and looks like jpmorgans hand may not be as clean as originally thought. Charlie will tell us who will be washing them. Tomorrow, tomorrow, tomorrow, creeps in. Its today, i think, i dont know. Youre still talking about miss germany. Miss germany. You had to bring up miss germany. All roads lead to miss germany. You see how goodlooking she was . Lori you said she was not as cute as me. Back to jpmorgan. Is this the view or something . Fox and friends. Jpmorgan chase. Today it should be done, today im getting inside the bank. The reason why you know this is imminent, meaning it will happen any hour now, i dont mean any second, because every flak at the bank right now is tied up on this. Heres the key thing ive been saying this. It is more than the money. More than how much homeowner relief. There will be a relief part about this. They will let, i guess people who are delinquent on their loans stay more delinquent and give them forbearances, something along those lines. Well see what the exact language is and a chunk of change paid too, money. It will equal 9 billion. Take that aside that is factored into the stocks price. The concession of guilt what jpmorgan says it did wrong not just from Washington Mutual, not just from bear stearns. But remember part of this has always been an investigation into jpmorgans own practices. How much of that is this related to its own practices its concession is key because thats where the rubber meets the road in terms of litigation and how much shareholders lawsuits they face. Adam can i ask you a question about the madoff exposure . Does this protect them from potential criminal charges because there is case being made on civil case, that people at bank knew it was a ponzi scheme. That they for 20 years essentially allowed check kiting. That is different issue. Adam this doesnt absolve that . That is different from the internal controls figuring out about madoff and people internally knowing about made i dont have madoff, not stepping up to the plate. Jpmorgan shareholder this is another thing you have to deal with. This is mortgage practices in the runup to the financial crisis. Adam okay. What is interesting about this deal. It will cover more than just bear and Washington Mutual. That will be a lot but the part about jpmorgan is the part i think the shareholders can zero in on because if its own practices were sleazy, and i think they will come out with some concession, see exactly what that concession is, i dont think they will say we committed outright fraud in this. Ive been told by people in the bank, this is something quote, unquote, we can live w well see what it says. Lori surprise if it is beyond 13 billion . No, think it is this statement, this concession. It becomes, it will be portrayed as a washington story. I hope every producer here realize this is is not a washington story anymore after this. This is shareholder story. Shareholders will care what is in the language here f were being Good Business journalists we should pick this apart and try to move it forward. What is the potential for civil litigation with this statement . And i think the statement will, there will be a statement about bear probably. There will be a statement about wamu, Washington Mutual, what it did wrong there. Those are things that jpmorgan inherited but there will be a state that covers its own internal potential adam will they set aside, need to set aside 28 billion . Will they need more than that to defend against civil suits . I think it is 23. Depending on that number the skys the him. You dont know. That is the the problem. We have to see exactly what it says. That is a guessing game. Private litigants are probably adam lining up. This i will will be the story Going Forward. Well there is a couple stories Going Forward i think. One is this it for jpmorgan . I think this is a big chunk of it. They have got the china probe. Most people are rolled their eyes they hired a couple connected people in china. It is potential litigation and it is potential regulatory issues. They have got some other stuff in the goldmarkket but this is a big chunk of change. Then you have to ask yourself about private litigation and that is a big thing. Everybody is going to look at it. The other endgame us did the Justice Department keep hammering these banks and using settlements to break them up . I can tell you that is a concern at jpmorgan. They dont, with whether the Justice Department and regulators are using all this stuff to basically tell, break up. Lori charlie, thanks. I will tell miss germany adam thank you, charlie. See you later. Lori update on the market down 13 points. Mark newton on the floor of the New York Stock Exchange. Mark, obviously yesterday we hit the milestone of 16,000 on the dow, that is a psychological level but is it interesting to you or telling you that were steering quite clear of that milestone today . Second time we tried to push above 16,000 and were selling off. Indices rallied 27 out of the last 28 trading days. Were geting a lot on at love measures. Interesting starting to see transports role over a little bit. Transports at fourday lows. Vix trading higher than the six or last seven trading days. Lori that is telling, that is forward indicator the transports . Youre absolutely right. Dow jones transports gained about 800 points since october 7th. That is 12 1 2 . That is much bigger than the market at all. We heard signs of bubbles. Now carl icahn yesterday and barons cover over the weekened and wall street journal. Interesting from a contrarian standpoint when you hear all the people talk about bubbles, rarely are they successful catching the exact top. But the market is quite overdone as we talk about. Lori mark, youre the first guy on the floor actually gone along with the theory of the bubble, everybody points out the market is properly valued in historical perspective. This isnt a bubble and lets keep going from here and there is room to move up. Were in seasonally bullish time and market is up lori talking over each other. Sorry about that. Mark newton. Thank you, sir. My pleasure. Adam something you can see people doing with their cell phones every day, not talking. Doing what oxford dictionaries named the word of 2013, takeing a selfie. Made popular by celebrities like just tin bieber. Oxfords definition of the word is, this is a quote, a photograph that one has taken of ones self, typically with a smartphone or webcam and up loaded to a social media website. In order to qualify a word does not need to be coined within the past 12 months but need to become prominent or notable in that period. Other words in contention were twerking and binge watch. I havent heard of binge watch . Lori oh, people binge watch. People from vrc watching entire series. Adam didnt we call that being a couch potato without a life . Lori exactly. I dont get the whole selfie thing. Have you seen a flattering selfie . Adam no. Look out tesla, the electric cadillac. Jeff flock on the Pacific Coast highway taking you on a test drive. Adam u. S. Government automotive Safety Agency opened an investigation into tesla battery fires. Tesla face as new entry into the electric car market. Jeff flock in santa monica, california, with more an all of this. Show us, jeff. Could be perfect timing, adam as we pass by santa monica pier here on ocean avenue for folks that know santa monica. This is the electric cadillac. A lot like the volt, built on the same platform. We took a test drive with gms chief engineer for electrifying vehicles, pam fletcher. She said, i will show you this car. Were rolling down the pch here at 74 miles an hour. This has got a great feel. Sell me on this car, pam. Why should i buy a cadillac elr at 74 plus thousand dollars . Look around the interior. Finest hand cut and sown leather and hand wrapped leather here on instrument leather and the doors. Feet, ko in. A leather seats. Natural wood. Real carbon fiber. It goes on and on. A luxury experience. I saw all encased by this beautiful swayeded headliner. Wee feel like were in a cocoon. Yeah. Take the luxury experience and electric driving experience with the smooth, quiet acceleration and instantaneous torque when you press the accelerator. Combine that with the motion of notion of this is a electric car with no compromises. Will people buy it though . The volt has been slow to catch on. Well see with the elr. In showrooms, adam, in january. Adam jeff flock, thank you very much. All right. Will obamacare be the grinch that stole christmas . Why walmart is very concerned that the Health Insurance mess will cut into its bottom line. Want to get your view as well, so tweet us. Tracy byrnes and Ashley Webster up next here on fox business. Tracy good afternoon, im tracy byrnes. Ashley im Ashley Webster. Chasing chase. Jpmorgan chase and Ceo Jamie Dimon apparently about to forgo a 13 billion. It would be the largest settlement ever to the Justice Department. We look at the banking giants future straight ahead. Tracy and will obamacare be the grinch that stole christmas . Well tell you why walmart is really concerned that the Health Insurance mess will cut into its bottom line. We want to get your view as well. So tweet us. Google turning to giant snow globes, yes, you heard me right, snow globes complete with fake snow to sweeten its bottom line this Holiday Season. Well forecast those results in tech minute. Tracy just bizarre. Paging dr. Robot. Speaking of bizarre. In tomorrows Business Today, a robot that allows doctors to beam themselves into hospitals. That and much more ahead on this cantmiss hour of markets now. Ashley impressive. Looks creepy but well get to that later. Lets get to Nicole Petallides on floor of the New York Stock Exchange. Nicole. I never heard of doctors beaming themselves into hospitals. That is something new. I look forward to that story. Lets take a look. Dow jones industrials down 13 points. 15,963 is the level were sitting at for the dow. The s p 500 is also lower. All major averages do have down arrows after some recent record highs were seeing. All three are actually down for the week yesterday and today. That is the vix, the fear index to the upside. You have names that are winners including home depot for example, which came out with better sales and certainly saw better volumes for the people that have been there, the customer traffic. So that is some good news there. Some other names that have been under pressure, banking index, retail index. As i peeked up at the board the drug index turned into the red as well. Back to you. Nicole, see you in a bit. Breaking news to you. Coming up in 15 minutes looks like well get the announcement that Jpmorgan Chase agreed to a 13 billion settlement with the Justice Department. This all first reported by our very own charlie gas who is standing Charlie Gasparino who is standing by. Is this deal enough to push the bank from the dark legal cloud it has been under . We have a analyst from guggenheim securities. Marti, the department of justice basically got jpmorgan to fest up to bungling bad mortgages. That could not be good for the stock Going Forward. Depend how you couch that. Some is with the environment and originated and pressure the Housing Market came under after the fact. Well have to see how they parse that out between up front operational issues and what happened after we saw the crash in the Housing Market. Ashley you know, marti, not only, obviously this is the biggie as far as settlements go. Jpmorgan has the Justice Department looking into recruiting practices in asia. May not be a big deal but continues questions about the company. Relationship with ponzischemer bernie madoff, the list goes on. Why should an investor think about putting money in this stock . When looking at jpmorgan the overhang issue related to all of the things youve talked about but the biggest piece is the mortgagerelated settlements were about to see finalized hopefully here today. Once thats removed, the bank trades currently at about 40 premium to tangible book value, when it should be trading at 60 premium. That gives it about 20 upside from where we trade today. That difference of fundamentals versus the overhang is just related to them resolving some of these issues. So as soon as they clean the deck, the fundamentals warrant a much higher stock price which the shareholder should enjoy at that point. Tracy so one could argue whether they are agreeing to this and theyre fessing up to something that they dont necessarily believe they did, just settling in this thing at this point, is good for the company and the stock and since, investors are very myopic and very short term, the stock price will recover . Well, really were looking at three things that are favorable versus one thats unfavorable. Three things are favorable. One is earnings volatility is now limited. So, youre not going to see the unusual events and settlements coming through quarterly earnings. That will allow the dividend next year to show some support because you dont have to factor in the losses. We see they could see a nice 10 00 increase in the dividend. Management number two focusing on being able to run the company. Executive management is not distracted. Looking at business development. Getting back to business as usual. Investors postively looking at the fundamentals and the strength of the companys businesses is generating versus overhang issues. The only negative is share repurchase. When you look at the settlement amount that were accumulating we think you might see pullback in next years request for repurchases as we go into 2014. Also brings up, questions, marty, will a Financial Institution ever be force to take on another struggling Financial Institution if the government puts the gun to the head of jpmorgan and others for that matter during the height of a financial crisis . I can imagine that would change the outlook for these socalled too big to fail banks . It has done two things. It changed the willingness of the banks to absorb these troubled institutions. Youre definitely right. That has changed and perspective as they get into the next financial crisis or downturn will be much more conservative and less willing to step up to take on the problems. But what you can do, you can really limit the liability. So you could have cleanly made the transition of these assets, to the new Company Without burdening it with the past liabilities and practices. So there is some way that is you can legally structure a deal which would take away some of this overhang that weve seen this time. Tracy marty most bi, thanks for sharing your thoughts. Guggenheim analyst. He has a buy rating right now. We have a stock alert for you. Shares of best buy are deep in the red as the retailer offered a Third Quarter profit came in above expectations and samestore sales that rose for the first time in 13 quarters but unfortunately it was not all good news. Best buy signaling intense promotion this is Holiday Season unfortunately will eat into earnings. Ashley from best buy to the king. It is one for the money, two for the show. The intellectual Property Rights to Elvis Presleys image sold to Authentic Brands group by core media. The purchase giving the company the rights to elviss image, name, likeness in addition to the massive collection of photos and movies and television appearances, music specials all of those featuring the king. The Purchase Price though, not disclosed. Thank you very much. Three fires in five weeks has the government investigating what tesla calls the safest car in america. Wall streets reaction next. Tracy investors are being asked to drop mo money on dropbox. I actually love dropbox. Ahead in tech minute, is the Cloud Storage firm really worth 8 billion . Ashley maybe more. Up next the chinese cyber threat. Liz claman has an exclusive interview with a man shining a spotlight on it. Mandy ant ceo. Well be right back. Hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. You know how painful heartburn can be. For fast, long lasting relief, use doctorecommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Relieving the pain quickly. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. Ashley time to make some money. Why not . With the market under pressure lets talk about key support levels. What levels are you looking at, charles . We always talk about buying the dip. At least that is what everyone talks about. Doing it is a different thing. When we start dipping we get even more afraid. Im looking at key numbers that should hold or have to hold. If they do, weve got them on the screen. For the s p, 1750. For dow, 1675. Nasdaq. And doesnt mean you hit the levels they go to accumulate. Which make a stand there and start to turn, that is when you have a list of names you really names that have done extraordinarily well, for whatever reason, fundamentally. Those are some that could be a point where you begin to pull the trigger. Tracy if youre an average investor, i mean do you care . Not to diminish all the hard work you did because you know you did. Its not that. Just that you know tracy dollarcost averaging right in. Ashley yeah. People have limited money and people are still very afraid. I heard people describe this market and in the Financial Media as giddy because it is hitting record highs. It is anything but giddy. The average investor in the market is still extraordinarily afraid. If they did everything right we would never have to worry about it if they did buy all the time. My experience with dealing individual investors on daytoday basis they kind of take shots. When they get these turns like this kind of a turn, they might be sellers at some of the key Technical Support points rather than buyers or at the very least hanging in there. Also theyre, also theyre moving pretty quickly, you know, a lot faster than they used to. Theyre not just buying and looking, but if going up theyre celebrating and if it is going down, theyre not proactive i guess. Ashley are they selling stocks or is this very much buy and sell if there is movement in the stock . I find a lot of them dont know what theyre doing particularly with high beta stock. One tweet, solarcity, made 44 this three months. I came on the show with one of the hits, lets take profits because dont want to hold into earnings. Ashley yeah. Same thing with 3 00 d. O. E. Took profits on 3 00 d. O. E. They are still in. Everyone loves when a stock went up 5 at a time or 10 at a time. Ashley by nature theyre tough stocks. Thats right. Gets back to tracys point. You can play it three ways, believe the company and dont look at it. Maybe four times a year when the earnings reports go up out or if youre myopic have Something Like this. Tracy charless work is not for naught. Ashley of course, never. Thank you, charles. Great to see you. Quarter past. We have to get a check on these markets. Were down about 20 points on the dow right now. Nicole petallides on the floor of the New York Stock Exchange. Hey, nicole. Hey, tracy and ashley, were seeing the Dow Jones Industrials down 20 points as you noted. Were hovering around dow 16,000. Not unusual to see a little bit of a pull back after all the records were seeing. Look at tesla, a name that was a real highflyer. It was approaching 200 a share at its highest point this is tough month for tesla. Youve had three fires in six weeks. You have nhtsa, highway authorities basically looking into the tesla model s. Meantime elon musk has been very open and saying look, why so much media on three fires when you have hundreds of thousands of fires pertaining to gas cars and where there has been people hurt as well versus no people hurt in these instances . Meantime you did see the stock bouncing back a little bit, as i noted november has been down 20 . So a little room to the upside. Tracy thank you, nicole. Well check back in 15 minutes. Ashley news broke friday that the cme, the Worlds Largest futures platform which clears billions of trades a year, had fallen victim to a cyber intrusion of its swaps clearing platform. With a federal investigation now underway, liz claman is live at the cme Global Financial Leadership Conference with the man known in the hacking world as mr. Solve it, mr. Fixit. Liz. He is kevin manned diao, of mandy ant. This they pinpoint hacking locations and pinpoint it. Thank you for being with us couple days after the cme announced it had a cyber intrusion which is fancy word for hacking. Pretty much. Sigher about intrusion, security breach, hacking. Somebody got into your defenses and got into your network. This is happening too much, isnt it . Happens a lot daily bases for many companies. 90 of the fortune 500 it is estimated have been compromized. State of Cyber Security today were getting suckerpunched. We cant quite secure everything all the time. There are places where you can hack your corporations with impunity with no risk or repercussions. Homeland security, word healthcare. Gov got hacked. All sorts of electronic knocking on windows and doors almost like the velociraptor in Jurassic Park testing electric fences. Who is this, kevin . We know back during the day recently the wall street journal an New York Times were hacked it was your company that actually pinpointed the source of this. We had this google map. The source of it to a governmentowned building somewhere in china. How did you do that . Well, how we did that specifically is first, technical evidence led us to shanghai to a specific unit in the Chinese Military that was hacking u. S. Companies and really western nation companies. Because requirements to work in that military unit was you spoke english and could do what is called Computer Network operations. After seven years responding to these folks, it wasnt hard with the technical evidence and an neck he dote tall evidence watching what they did to pinpoint the building where and threat actors but who is doing all the intrusions. Quite frankly if you look at any conflict, whether it be idealogical or a threat of Armed Conflict there will be a Cyber Component in the future to all this conflict. If youre a western nation and idealogical differences with groups disagree what were doing in the west you will see cyber conflict. You will see attacks permeate not Just Enterprises but go into the private sector. Tracy we have pieces of video of fences and things like that outside of Nuclear Plants and the grid, electric grid, the nation. I look at this, i say, this is what theyre going to go for. Whether the chinese and now indonesians. Apparently a lot is generated in indonesia. What is going on there . Im not familiar with indonesia. I can tell you if hack from overseas there is lot less risk and repercussions to it. If you think about it, if you have a safe who are bore you can hack with impunity and only have to be right once. When you look at cyberdefenses the people in charge of our networks need to defend 400,000 employees, 500,000 employees, thousands of systems but our folks hacking need only to get into one. It is asymmetrical battlefield. We have lot of Business Owners right now. Sure. Theyre wondering where am i vulnerable at this point . Is it human . Is it mechanical . It is absolutely human. You cant patch the human. What we have in my 20 years responding to security breaches. The attacks used to target systems. Now they target people. You have your own employees unwittingly compromise networks. Smartphones, laptops, tablets . Mostly guys get email with attachment to it. By opening that attachment and viewing it youre compromising your machine and network youre on. What do you think happened with the cme . Clearly you looked from a surface standpoint. They have discovered in july there was some type of hacking incident or intrusion to some of their electronic platforms. I mean i worry that a market could be really compromised at some point . Well i cant speak to what happened at cme but i can tell you in general the financial sector, the energy sector, all the Critical Infrastructure is targeted on a daily bases. They have to do a constant security posture. The infrastructure of every company, what is the number one thing people should have to make sure it can not be pierced . The number one thing, right now if youre an executive, i would recommend open up your emails on some tablet, ipad, or android tablet because more secure to do that right now. Your business has got to be big, right . It has got to be growing at this point . I think it is important thing to respond to security breaches. Figure out who is doing it, why are they doing it. Solved the situation for wall street journal, New York Times. He has a lot of other clients he is working on. That is a pretty stunning statistics just about almost every fortune 500 company has been compromised. Kevin thank you. Thank you. From mandiant. We have the first interview with cme executive chairman terry duffy since the news broke that the cme was compromised as far as this hacking incident was concerned. Well ask him what is the latest on this. We also have mike milkin of the milkin institute. Guess what, you guys . He will pinpoint the number one thing that the government needs to get out of. It will surprise you. This from a very big capitalist. All that coming up in next hour. Live from the cme, Global Financial Leadership Conference in naples, florida. Wish you were here. 85 degrees. Ashley how lovely, liz. Very interesting. Love the reference to the velociraptor from Jurassic Park testing the electric wire. Good analogy. As we head to break, were waiting, arent we, the supposed agreement between jpmorgan and Justice Department, 13 billion. We may be hearing, may be hearing from new York Attorney general airing rick schneiderman. Tracy department of justice. Ashley well see whether that comes about. So stick around. Well be right back. [ male announce] imagine this te blob is metamucil. And this park is the inside of your body. See the special psyllium fiber in metamucil actually gels. And that gelling helps to lower se cholesterol. Metamucil. 3 amazing benefits in 1 super fiber. 3 amazing benefits but with less energy, moodiness, and a low sex drive,y first. I saw my doctor. A blood test showed it was low testosterone, not age. We talked about axiron. The only underarm low t treatment that can restore t levels to rmal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than8 or men with prostate or breast caer. And children should avoido are contact where axiron is applied as unexpected signs of puber in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditions and medication serious side effects could include increased risk decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while eeping; and blood clots in the legs. Common side effects include skin redss or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting and increase in psa. Ask your doctor about axiron. Tracy breaking news right now. Were waiting for new York Attorney general Eric Schneidermans comments on the department of justice deal with scrape. Joined by Charlie Gasparino for his comments what might happen. I think the department of justice. Ashley eric holder. New York Attorney general, he is part of the governments Mortgage Fraud Task force. I think he is the chairman or whatever of that, leader of that task force but still it does show you level of politicization hire. Eric schneiderman is one of the most political attorney generals in the country. This guy is going after wall street. He filed a suit against jpmorgan purely on the bad stuff that occurred at bear stearns which jpmorgan took over. So if he will go after jpmorgan just on the bear stearns stuff which jpmorgan inherited. It was told by the federal government to buy it during the dark days of the financial crisis in 2008. This is very politicized public official. His statements will be pretty interesting. Chalk it up to at love drama. Ashley what are we waiting for, charlie . Are they trying to get all the language right . Here is what i think were waiting for. Were waiting for the big thing. This is investor story now. I know the hacks are going to, you know, like schneiderman will go out there and pound the table on this. Eric holder will do whatever he does. He will put a statement. Jpmorgan will put out a statement and probably talk to analysts about this thing. The big thing to look for is concessions. What did jpmorgan, agree to say it did wrong. Essentially three parts to this thing, based on what i know, talking to people inside jpmorgan. There is stuff involving bear stearns, which it inherited. During the financial crisis bought bear stearns on behalf of hank paulson, then treasury secretary. And Washington Mutual it largely took over in the financial crisis in fdic receivership right now. There is stuff involving that. Again it inherited that stuff. Then there is the stuff it did on its own. Jpmorgan is a bank. They gave mortgages out. They did a few. They werent a big player in this business but they did some, some portions, some, i dont know how to describe it. , they were involved in this packaging and selling of mortgage that is were put in mortgagebacked securities and maybe even packaging of those things. But it wasnt so big in that business but clearly issued mortgages that were not very good and put in bonds, those bonds, those deals, that, there will be a concession about what it did by itself. Ashley is there blood on the hand, as you would say . There will be some blood on the hands and well get to see how much. Look at their concession what they did, that is the key. If they see something fairly significant, theyre going to be lawsuits. Tracy that could hurt the stock. That could hurt the stock. That is why this becomes an investor story. What is the stock trading at now . Can we flash it up there . Ashley you know what . It gain the 28 this year, charlie, despite all this. And despite all this and it is up marginally today. Investors are saying it is getting its act together and stuff behind it. That is all well and good. I spoke to some jpmorgan people loose week. Weve been reporting this thing is done for two weeks now. Right. Ive been telling people. The big concession they gave up was a whole notion of can they go back to the fdic receivership, wamu, the carcass of wamu and become a creditor and say listen we would like money back out of that because we got dinged by the Justice Department for inheriting that. We would like to be a creditor. Theyre afreeing not to do that weve known that. Fox business was the first to report that, i believe it was early last week or friday of the week before but we were first to report that. And we were the first to report that the deal was essentially done. It needed to be rolled out by doj waiting for right time to do it, i believe from a pr standpoint. But this whole thing about the language of what they agreed did wrong ashley that is the key. That is the key. I dont know if the investors or market knows it. It doesnt care right now. Maybe it figure it is can deal wit and all that litigation but if im an investor i looking at that language very closely. Ashley we shall see. Charlie gasparino will be here if we get anymore news. Okay. Ashley thanks, charlie. So will obamacare be the grinch that stole christmas . Were going to tell you why walmart is really concerned that the Health Insurance mess will cut to the bottom line. We want to hear what you think about that. So tweet us what you think. Ashley paging dr. Robot, dr. Robot. In tomorrows Business Today, a robot that allows doctors, well, yeah, beam themselves into hospitals. Well have that and so much more ahead on this can not miss hour of markets now. Tdd 18003452550 searching for trade ideas that spark youruriosity tdd 18003452550 can take you in many directions. Tdd 18003452550 you read this. Watch that. Tdd 18003452550 yolook for whats next. Tdd 18003452550 atchwab, we can help turn inspiration into action tdd 18003452550 boost your trading iq with t help of d 18003452550 our live online workshops tdd 18003452550 like identifying market trends. Tdd 18003452550 now, earn 300 commissionfree online tras. Call 18886287118 or go to schwab. Com trading to learn how. Tdd 8003452550 sharpen your instincts with Market Insight from schwab tdd 18003452550 experts like Liz Ann Sonders and randy frederick. Tdd 18003452550 get support and ta through your ideas with our tdd 8003452550 trading spialists. Tdd 183452550 all with no trade minimum. And only 8. 95 a trade. Tdd 18003452550 open an account anrn 300 commissionfree online trades. Call 1888628711to learn more. So you can take charge of your tradg. Ashley 90 minutes before the close. Now more red and green but split down the middle ironically if we wait for j. P. Morgans case with the official settlement between the company and the Justice Department you can see j. P. Morgan is on the upside but considering Everything Else that is going on. The airlines have done so well but taking the look at united hitting a new high today the stock is 3. 5 and saying the cost will fall by 2 billion every year that it may continue have a dividend by 2015 so we have been under pressure because the other airlines plan to return 1 billion but united has multiple stories using the boeing 78 feet 77 dreamliner looking at the faster boarding and better food. Ashley it is all about better food dont think it got hot chips on every flight . The big question is will obama is still christmas . Walmart ceo bill seidman told il cavuto he is very concerned. Anytime derek is any uncertainty in the economy it dampens Discretionary Spending and the Affordable Care act is just an example of uncertainty. Joining us now investigating the concerns of other retailers people dont worry about the extra insurance costs and it will hinder sales spec absolutely to get the full fare will get retail projections. Gallup cannot with a pulled the average american did plan to use scaledback and will spell 704 on average so there is 786 last year and tracking foot traffic across the country that sales will cause the increase 2. 4 compared to 3 last year. Before walmart came out things were not looking great. Tracey that could be the uncertainty with taxes, a Government Shutdown, there is a cloud. When consumers our uncertain not feeling confident the analyst said they are not as apt to go out in shop the individual mandates he kicks in next year you have to have insurance or pay the 95 penalty per person per year and the department of Human Services 320 per person per month. Tracey if you were thrown off now trying to figure how to get back on you are really an a cloud of worry. The Government Shutdown payroll tax extension shut down and another huge cost there is so many Unanswered Questions people may want to hang on to that extra catch long dash cache. Tracey this is not just walmart . Know it is across the retail industry. Tracey it is like the grinch that stole christmas. Dealers anticipate the could pick up or is this the new normal . I am holding on because i am nervous . The Health Care Industry is in flux the impact is on going to sew on intel is cleared up to when you have been following the Health Care Industry with young people they dont spend they dont know what to do then it just goes up the rink. Younger people have a harder time to get a job and live with their parents it is across the board. Tracey kate rogers hopefully there are presents under the tree. Ashley on line Storage Service drop box will raise 250 million with another round of funding could value the company and a billion dollars doubling the estimates from 2011 drop box faces stiff competition from googles and amazon it expects sales of two moderate million from the 4 million businesses also worth noting back in 2011 drop box or two to 50 billion of financing from Goldman Sacks and other Venture Capital firms. Sales force. Com sales in the red the Computing Company did manage to narrow the loss as revenue grew at the 2. 5 billion dollar acquisition fee down from 20. 3,000,001 year ago. Announcing a partnership with hewlettpackard to develop that cloud product ubs and credit suis have raised their price target. Google opening snowblower about lets it is kind of call a Winter Wonderland to compete with apple this Holiday Season. It will open indications by washington d. C. And sacramento in addition to buy the tablets and chroma the book also an action they could take home with them. Tracey fake snow . Ashley it is cool video we are talking about it. Tracey paging dr. Roberts. He must be the body. In tomorrows Business Today a robot named robert that allows the doctors in the hospital. [laughter] ashley watch out to big bird. [laughter] there i go. There is the shortage of big fresh birds. Tracey look at the treasury as a head to break. The dow is up 1. Dont go anywhere. We will be right back. Stick with power. Stick with technology. Get the flexcare platinum. New from philips sonicare. I and Adam Shapiro Nokia shareholders when a mobile phone business after a five hour meeting in finland where minority investors were upset by the sale of natural assets. Ford says it will inspect sedans not included in the august recall from the 2005 through 2011 Crown Victoria and Lincoln Town Car will be checked by ford dealers. Obama announcing a 1 billion competition to prepare students for jobs printing Million Dollars to secondary schools to participate in the program. This is the latest from fox business, giving you the power to prosper ashley imagine a robot set allows doctors to been themselves into the hospital to help during emergencies looking at a joint project they have created the first fda approved presence robots here to tell us about it is the ceo of in touch health. Think you for joining us. Before we get into how this works, a when i hear the word remote robot with health care i were you dont get the face to face of what the patient may really need. 80 for having me on the show. I think the reason i got into this business having the Health Care Background the challenges to provide highquality care consistently to everybody at a lower cost is one of the biggest problem the country faces and being able to use the robot as a physician extenders so the right expertise at the right place at the right time to do the right thing and does it improves quality at a lowercost. Ashley we are rolling the of videos but they are about 5 feet tall with a large screen to protect the doctors face also speakers that allow doctors and patients to interact and talk to each other how can you do a diagnosis on that basis . What is important with the doctor between carriers and brain, experience and analyze a situation. The have to interact with the family and the local staff so the whole idea is to bring that presents by the patients bedside and that environment in to the physician said he or she can make the right diagnosis how to treat the patient said whether delivering a drug for going into surgery could be done by people who have hands thereby relieve the intelligence of the specialist that is needed. Ashley who are your customers and how popular is this proving to be . We are approaching 1,000 hospitals across the united states. The key area of application is stroke care, Critical Care i see you site, trauma psychological read these patients come into their doors that they cannot get there quickly and that happens all over the country and all over the world. Ashley you also read to them out five dont 5,000 per month how does the Affordable Care act affect your business . I will use the term loosely as Health Care Reform in general has been helpful because the country has reached a Critical Mass where people say categorically we have to solve this problem of Higher Quality care for everybody at a lower cost. That is what is on everybodys mind share so this type of solution with remote presence telemedicine has come to the foreground of this is a solution of how to do that. Ashley faceting. Fascinating. Thank you for joining us. We appreciate it. Robot robert the robot. [laughter] tracey now heading down to New York Stock Exchange exchange, mark, we have a lot going on today after hitting a bunch of milestones. That does not bother you . It does but for the time being a the markets trend we have been up we tried a couple times to get over 60,000 and that failed but it has gone back at an unchanged it is tough to make too much and tell the sec gets down below 1746 but until then we will trend positive then stalled out with bernanke some comments to see if he could hear what was earlier that will be big tomorrow. Ashley hollywood on track with the box office with the latest crop of new releases. Tracey justin time for the big day. Ashley look at todays winners and losers. Tesla motors the stock is moving higher. We will be right back. Ashley jpmorgan and the Justice Department a greek from a landmark 13 billion settlement with the number of legal headaches between the government in the nations largest bank by assets. 13 billion as part of a settlement jpmorgan acknowledges it would have material serious misrepresentations with the mortgagebacked bonds also j. P. Morgan in acknowledging gregory misrepresenting Mortgage Loans could fly with underwriting guidelines this was the key is exactly what j. P. Morgan wooded mitt to doing to include 2 billion also calls for the independent monitor to be required to oversee the disbursement of funds. 13 billion the largest settlement in u. S. History coming from new York Attorney general Eric Schneider and just to say it is saying it made serious material misrepresentations to the public and also misrepresented the Mortgage Loans of what they complied with the underwriting guidelines but the stock is still up slightly on the day. Tracey then with the uncertainty they will pay and need to be done. Hollywood has a shot at a new record high we have denis and leo. Box office yeartodate has 1 within reach of the record 10. 8 billion set in 2012 only 1. 5 billion to go desperate begins on friday when the lions gate unveils a hundred games the first one took 408 million but a tragic fire eclipse is that mark then did you start up of Jennifer Lawrence there is always the cockpit the hobbit. Added disneys frozen also tailor made to the marketing machine with the toy tiein and also for the kids killing kids in the honker games the hunger ganes. Ashley it generates a lot of money. Tracey coming up on countdown to the closing bell liz is is in naples florida for the Leadership Conference all day she has been interviewing all the best for business route three will sit down with the president of the cme and ask him about backpacking probe and how safe he thinks exchanges like kids really are. The dow is flat and news from jpmorgan and a Liz Claiborne will cover that next. Dont go anywhere. Like, really big. Then expanded . Or their new product tanked . 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It turns out to be about a 13 billion settlement, and this is a number that our own Charlie Gasparino reported a couple of weeks ago. This, of course, stems from the banks sale of what is now known to be risky, mortgagebacked securities before the financial crisis when they were, of course, rated aaa. And we know now, Charlie Gasparino, they were anything but pristine, but here we have the 13 billion settlement for jpmorgan, what does it mean . Well, it means jpmorgan is out from under a rock a little better than the past. Heres the bottom line, liz, we have to see exactly what the language is on this thing. Theyre paying 13 be billion, theyve already paid 5 to fanny and freddie, some of its cash, some of its homeowner