Transcripts For FBC Markets Now 20131111 : comparemela.com

FBC Markets Now November 11, 2013

Breather here . Reporter five straight weeks of gains here, ticking it off here in fashion with up arrows. All three of the major averages do have up arrows, however, none of these three are gaining more than onetenth t of 1 at the moment. So you are seeing that the momentum is leaning to the upside. However, not bursting out into crazy new highs. What we are seeing, though, is that we have the retail index, the drug index pulling higher, the banking index pulling back a little bit, the vixx also taking a breather here. As i speak about the banks, i want to look at bank of america, a stellar perfor year, up 24 this year, almost 52 in the last one year. But now today we are focusing on bank of america as you do have the u. S. Government seeking the maximum penalty allowed, over 863 million, and this is in connection with the countrywide loan program dubbed hustle, so not good news there. The bank had said they previously were looking for options to appeal this. In the meantime, this is all about loans that date back to the tougher times during the financial crisis. But well continue to follow that story for you. Lori wonderful. Thank you, nicole. See you in 15 minutes. Adam fresh off his reelection victory in new jersey, republican governor Chris Christie took a victory lap around the political talk shows sunday. The gop darling wasted no time hammering president obamas handling of the health care plan. Anybody whos run anything in their lives could see this coming a mile away. And thats why we didnt do a statebased health exchange. We didnt do it because we could see that this whole program was going to be a problem. And so the president s biggest problem right now is hes got to tell the truth. And weve seen this in new jersey. Ive told lots of hard truths in new jersey that people didnt necessarily agree with, but they give you credit for looking them in the eye and telling you the truth. Adam but are these hard truths enough to get him elected in 2016 . Brad blakeman is the former Deputy Assistant to president george w. Bush. Thank you for joining us on markets now. So as governor christie likes to say, get the job done. Will this still be resonating in 2016 . I think it will be if hes as successful as a governor in 2016 as he is today. Hes certainly going to give republican field a run for tear money. But remember for their money. Remember, adam, you have to be selected by your party before youre elected by the people, and thats where you have to have your bone fee d. C. To have that nomination to then go to the people. Ss christies got a long way to go, but hes certainly off to a good start if he chooses to run for president because what hes delivered to the people in a blue state. Lori how is he doing in terms of his reputation with other republicans which you know all too well, party fractured coming off this debt ceiling vote. Is governor governor christie a binding force for the party . I think he is. Look, for republicans to be successful, lori, we have to remember that were vastly outnumbered in a lot of the states we need in registrations. We have to appeal to democratic voters. We have to appeal to women. Women played a crucial role in virginia and new jersey. We have to appeal to hispanics and africanamericans and asians. And if you look at christies win in a blue state, look at the inroads he made since hes governor in this these minority communities and with women. Look, christie, theres a lot to look at in his numbers and other republicans should be looking at it because to be effective, good politics is good governance. Look at what christies done, try to emulate that as best you can in your states. Adam well, he talks about transparency and the voters hear what wants what has to be done and then they want results. That was one of the hard decisions e made, the tunnel, but i dont crunch political numbers. If he alienates the tea party, the ultra conservatives, can he attract enough democrats nationwide for a victory . Well, again, you have to be selected by the party before youre elected by the people. When youre talking about the tea party within the republican ranks, they are a supeeminority within the republican tent. Now, do you need them to to win . I dont believe you do. But what you need to do is go beyond new jersey and attract those voters in mississippi and in missouri and in florida and New Hampshire and iowa. And if christies numbers are good there, if he dips his toe in the water, look to him to go within a year or so to iowa, if his governance resonates there, then i think republicans need to look at him extremely seriously beyond his own borders. Also look for him to raise money for house members in 2014 and senate members. If theyre asking christie to come in, the handwritings on the wall with. Lori how effective is governor christie on getting obamacare back on track . Clearly, he asked the president to apologize, and the president did. Hes so critical of healthcare. Gov, as so many ohs are, of course, but do you think his direct, authoritative demands over the weekend on the talk shows will help expedite this mess to improve it . One can only hope. I happen to believe that the 15 senators, democrats who are vulnerable, are the ones who marched into the Oval Office Last week and told the president to do exactly what governor christie said, and that is tell the American People the truth, mr. President. Let it all out there. Its not only the web site, its the people who have lost their insurance, its the youth who are not signing up. The math isnt working, the deliverables arent working, and the real hard part of obamacares coming in the delivery of Services Adam brad, very quickly i think christie has the a lot to say. Fiscal problems, youve got to find the money for billions in the Transportation Trust fund in new jersey, that could hold him back, couldnt it . It could, but christie, again, is a politician of tough love. Hes going to tell the jersey people exactly the way it is, and hes going to do the right thing. And if he does, i think people will respect him for it. Adam we appreciate it. Brad blakeman, thank you very much. Lori thanks, brad. All right, its amazon to the rescue. The post Office Making a deal to deliver amazons packages on sundays for the First Time Ever. This is a win win situation for the struggling usps. Heres Elizabeth Macdonald and emacks bottom line. It is a win if you listen to what the post office is saying. Good to be with you guys, saying, you know what . Were very happy to be delivering on sundays for amazon. We know that theyve been running a 16 billion loss, the u. S. Post office, so now los angeles, new yorkers, if they are paying 79 a year to be amazon prime members, they can get deliveries on sundays. Adam how does the post office pay for this . Would they lose money by having people work interestingly enough, they did not disclose the details of the deal, but Package Delivery for the u. S. Post office, the revenues from that are going up, and theyre set to be about a fifth of the post office revenues. They want to get a piece of that nearly 200 billion eCommerce Market. And be ill tell you something, if the u. S. Post office and am von link up and then if walmart and amazon link up, whats going to happen to ups and fedex . Adam sunday deliveries. [laughter] there you go. Hover hr. Higher postage costs . Things like that . Reporter theyre not saying yet, the post office isnt saying if theyre going to increase in other words, who is swallowing the hit in amazons been known to take the hit just to do it on volume, to make money off volume, and if people are happy, theyre saying theyre going to make money off of it. And it looks like the u. S. Postal service will not be charging higher for package deliveries on sundays for now. Lori Free Shipping is the one, main tool these echers sites have, especially this time of year. Reporter thats exactly right. Ill tell you, 90 of mail that comes to your mailbox is junk. Adam yes. Reporter interesting. Adam Elizabeth Macdonald, thank you. Today is the worlds Biggest Online shopping day. Its sort of a modern twist on valentines day for chinas biggest ecommerce companies. Ally babb baa saw a record 5. 7 billion in sales just today. In 2012 it was be 3. 1 billion in sales and 1. 25 billion back in 2011. Compare that to cyber monday here in the states which only saw 1. 9 billion last year. Lori Japan Airlines says a cockpit indicator showed trouble with the battery connected to an auxiliary power unit, the airline also says the battery did not overheat or emit smoke. It was relaced and s undergoing further inspection. Adam transocean is agreeing to pay a 3 per share dividend and lower the number of seats on its board, icahn saying, quote great news for transocean and activism today. Transocean also announced plans for an ipo of a Master Limited partnership. Shares are jumping on all that news. Lori path of a disaster. The destruction from the super typhoon that may be the deadliest Natural Disaster on record. Adam keeping yourself safe online, it is guaranteeing email the nsa cannot read, something google, yahoo , apple and microsoft cannot promise. We talk with its founder. Lori and speaking of apple, the rumor mill heating up again. What may be coming up, next. 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Get the flexcare platinum. New from philips sonicare. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. I see a world rstingwith o, with ideas, with ambition. Ithinking about china, brazil, india. The worlds a big place. I want to be a part of it. Ishares international etfs. I want to be a part of it. Emerging markets and accesingle countries. Kets, find out why nine out of ten choose ishares for their etfs. Ishares by blackrock. Call 100ishares for a prospectus, which includes investment objective risks, charges and expense read and consider it carefully before investing. Risk includes possible loss of principal. Adam worried about government spyinge nsa, a new messaging service encrypts your email and texts making then virtually unable to decode. The founder and ceo of przo, about 6,000 people signing up in the first day. What is this . For a simpleton like me, for instance, i have a gmail account. If i were to open an account, i could scened an encrypted email to someone with an account, and nobody could read in between . Clarify whats going on here. Thanks for having me today. Yes, absolutely, thats the case. We launched last tuesday, and we have over 6,000 users signed up, over 50,000 messages have been exchanged. And exactly, if you sign up, and you authenticate your identity and put a very secure password with, we have a mechanism that guarantees every message is encrypted independently with a different key. So not only we do that, but we also connect the messages to the path to the server and the server to the recipient, and there is really no racket cay way to go practical way to find those keys adam so let me stop you there. I send the message be, its encrypted, nobody can read it. If i send it to somebody whos not part of my business or is a friend but is on przo, how does it get decoded . Do they have a key, or do i have to send them the key for that particular email . So there are two ways to do it. Yes, they have to go into perzo, and you can select the level of privacy you want. By default, the privacy is extremely high. But, you know, for people who sneak behind your back in business adam you can, you can create a process to wipe it out . Right . That message will not be read neither. Adam so, but my question is specifically do i have to share a way to unlock the email with the recipient, or does perzo do that automatically, and its only between two perzo clients this can occur . Yes, perzo will do it automatically. Adam so if the nsa comes knocking, you would turn over gibberish to them, but nothing prevents the fsa from saying the nsa from saying we want the encryption key, correct . They could issue a subpoena. Absolutely. And we designed perzo that messages can be intercepted, and there might be legitimate warrants for us to deliver day the to the data to the government agencies. And we designed the system so that it is on you and not on us to deliver those keys to the agencies. Adam so you raised a Million Dollars in your first round of fund raising. Where do you stand at this point, looking to be acquired . Is anybody knocking at the door . Actually, we already got an offer which we refused, and we have several interest, but i think we are on something very unique. Theres a growing need for privacy and confidential messaging for any legitimate discussions, and i think were on a good roll, and we are about to raise our next round of funding, and with that we think we can bring to the market something very unique and very big. Adam all right. Its called perzo, we appreciate you being with us. Thank you very much. The pleasure was mine. Lori and lets update everyone on the markets now as we do every 15 minutes with Nicole Petallides live at her post on the New York Stock Exchange, and, nicole can, youre looking at some stocks moving on upgrades today. Reporter right. Were taking a look at household names, everybodys familiar with these, priceline and also at best buy. So lets take a look here first at best buy. You do have best buy up almost 4 today, positive comments from jeffreys and ubs, putting a 52 price target, upside potential. Down 4 right now, best buy, a great run s. They continue to have demand, so much so they say theyre going to open on thanksgiving at 6 p. M. Year to date up 270 , so your electronic retailer is doing great. Priceline, new high for priceline, alltime record high hitting 1109 and change today. Its still up 2. 5 , so certainly a great run for riceline as now you have janney raise their rice target to 1050 from 925. Lori William Shatner must be so rich. Thank you, nicolee adam apples joining the party on curved smartphone screens. The sketch features an iphone with a larger display that unfortunatelies downward curves downward. While apple is still dolling two models, samsung has debuted its publicly and even demonstrated how flexible the screens are. The talk is apple will debut products during the Third Quarter of next year, shares of apple trading lower in todays session. Lori honoring our nations veterans with jobs here at home, many have come back looking to start life all over again and are doing so with the help of Corporate America. Adam and how about this for a jog . The cofounder of planetary resources joins us with his out of this world idea, to mine asteroids. vo you are a business pro. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets y choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrft. vo meeeow, business pro. Meeeow. Go national. Go like a pro. And a low sex drive,y first. But, 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 levels to rmal in about 2 weeks in most men. Axiron is not for use in wom or anyone younger than8 or men with prostate or breast caer. And children suld avoidwho are contact where axiron is applied as unexpected signs of puber in children or changes in bodhair 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 easts; problems breatng while eeping; and blood clots in the legs. Common side effects include skin redss or irritation where applied, increased red bld cell count, headache, diarrhea, vomiting and increase in psa. Where applied, increased red bld cell count, ask your doctor abouaxiron. Im lauren green with your fox s minute. Rescue workers in the philippiies are struggling to help find survivors of one of the most powerful typhoons to ever hit land. Officials estimate at least 10,000 people have been killed by typhoon haiyan, and thousands are still missing. U. S. Military aircraft have been helping to bring relief to areas affected by the storm. More than 90 tons of ready to eat salads and sandwiches are being recalled after 23 people or were sickened by e. Coli, recalling salads and sandwich wraps containing cooked chicken and ham sold at trader joes and delish. President obama paid tribute to americas veterans today by laying a wreath at Arlington National cemetery. Obama said in his veterans day proclamation that the countrys obligations to those who have served our country endure long after the battle ends. Now, those are your News Headlines on the fox business network. Now back to lori and adam. Lori many thanks. So it is, of course, veterans day. Thank you for showing us the wreath. While the days focus is on honoring their service, theres another battle that vets are facing, and that is unemployment. Peter barnes is in washington with more for us. Reporter Corporate America stepping up to help hire mo

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