Transcripts For FBC Markets Now 20131125

Walmart. The changing of the guard. If you do stepping down. Head of international will be stepping in for the retirement and then to take on the new role. And then we are watching bowling was basically is issuing a precaution. Recently, advising about the risk of engine icing problems. They are working on now with some of the other companies. You are seeing it down right now. A un 15 minutes. Lets talk about blackberry. More changes coming to the Management Team just weeks after taking over. Interim ceo is ousting three executives, ceo, cfo, and chief marketing officer. Blackberry will not replace the ceo or cmo leaving the responsibility in the hands of the company said of compliance who will take over. Blackberry shares are actually rising on the news. Investors will have to win a little longer for the chrysler ipo. Fiat postponed plans for an offering until early next year, saying it will not be, and this is a job practical men mean. Does not make sense to launch an offering before the end of the year the United Auto Workers union, just over 41 percent of the company. And news alert. A major storm making its way across the country already canceling hundreds of flights commanded could become worse for the 43 Million People who will travel over the thanksgiving holiday. Fox news meteorologist in the Weather Center tracking the storm. I hope you can see a practical better than i can. I am not a popular person right now. This is the storm the we are talking about, bringing a ton of rain is leslie and freezing rain and eventually as a make his way toward the northeast, snow and plenty of it. Lets take a look right now. Radar with the last 12 hours moving across the Mississippi River valley. The mixture of freezing rain and or sleep. Really dangerous to be on the roadway. Youll watch this low continue to move bringing with it the potential for two to 4 inches of heavy rain, maybe even some severe storms. Then it will move off the coast and combine with another system over the Northern Tier of the country bringing in all of that cold air. And look at this mess for millions of people all up and down the i95 corridor and the timing. 6 00 a. M. On wednesday. People are going to try to travel. In some cases it is going to be very difficult, if not impossible. Forecast precipitation, you can see that we will see the bulk of the reign of toward the midlantic. We could see in some cases over 6 inches of snow. Interior sections all across the coastal areas. But the winds will be gusty. Here is the latest computer model. There is our low as we travel on tuesday. We will continue to move up toward the coast and then develop and wraparound with more coal theyre giving us the potential for snow and interior sections. The bottom line is this will be a mess. A lot of people will be delayed. We will have to cancel there travel plans for wednesday. Back to you than. Adam one of them as my father. I will be on the phone with them right after this cast. We will get in here. Thank you. In addition to travel, this is a huge wheat for retail. Our next guest has a proven track record of predicting just telling shoppers will be with their cash. In fact, he was one of three economists and the entire country to get last weeks retail day exactly right dollar and he credits his success to what he calls the vice index. The founder of south bay research, and he joins us right now. Thank you for being here. Lets just talk headlines. You are predicting what for the Holiday Shopping season . The same as what we have been seeing. Consumers retreating, still spending, feeling good. We are up against affordability. Income coming in, so much can be spent. You will see next month, the same level of spending. Right now there is a possible. Adam last question and we are seeing mornings, best buy in their earnings report. Why should i not be concerned about that . The second one will be a lot longer. Essentially the started back in the summertime. The consumers started to retreat around the start time. Lots of reasons why, but fundamentally there is money out there. They will spend it. They have the income. What is driving the fed crazy is there not been able to get the consumer to leverage of. Adam they have not been using revolving credit. Getting back to sanity. Real living within our means more less. That is healthy longterm, but shortterm fits and starts and is painful. The consumer is i have this much income. I dont know if obamacare will have me as a payroll tax. I might be spending more. The new agency. We are coasting. We are still growing. I think. Lori and the reason you think hat guy in the past we used to have inventory dumps. Now we dont get that. We get longer economic at a lower threshold. This is something of the getty was paying attention to. The internet totally eradicated unchanged what we are buying, where we are buying, ow were buying. Retailers are keeping inventory on hand. Everything changed and the amount of capital. Without having to put all the money into capital, stockpile inventory, oh, my god, dump it quickly. We are not getting soaring rebuilding in the media dump. We are not getting highs and lows, and that is making the duration of our Economic Cycle longer. Someone like summers are krugman comes out and says it is only 2 percent gdp, you take a breath and say, you know what, i would take 2 percent gdp for seven or eight years instead of 5 for your to. Adam lets talk about the vice index. One of the measurements is prostitutes, escorts. Booze and broads. Adam it is trending down. What does this mean . I am going out and tracking actual consumption, not doing a top down model. This much income, so that means that. I am looking a lot people are really spending money on. Everyone spends on vices. Prostitutes. We will escorts. How do you gather that they . Is not like the fed keeps a number. Contrary to what a lot of people think and im not going out myself and during direct research. Lets get that clear. Adam you have a formula by which you check the price of marijuana and the price of an escort. There are ways to go out and check not just pricing but consumption. You can track the evans flow. We are really talking about is, can we track . Are people willing to spend more less . Is the consumer out there right now spending. Adam i know when they talk about luxury consumption. The vice index catches everybody. You are talking in andy warhol painting for hundred million dollars, what does that tell us about the economy . So what really is telling us is what is going on. On going and saying, everybody drinks. Everybody has a vice. By contract and unquantified and then track the inflection point. Adam nanette think we have a chart. Show us what the vice index is telling us and do you sell this to. Yes. The issue here is that it is a canary in a coal mine. What youre looking at today is what will happen a few months from now. I will like it. But you will notice, 70 percent of our economy, and personal consumption, going out and spending. This is almost onetoone with a people spending four months away. The first thing someone will do, do i feel like i have money burning a hole in my pocket. Will i take dead cigar and lighted on fire . Im checking to find out. Theyre starting to pull back. Adam they continue to pull back by consumption. We are now at the beginning. We are pausing. Still growing. Life is still good relatively speaking, but if you go back to 2011 retailers growing eight to tap 8 . It is slowing down. Adam that is the kind of index. All the best to you. Measuring the American Dream. What seems like a pie in the sky idea is now a reality. How close to you think you are to reaching its . Morrison meyer making a big bet on video as katie couric officially becomes the tech giant new global anchor. And the nuclear deal killing the great u. S. Oil boom . We are in the pits at the cme as a loyal it said to flood into the market. You know how painful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. 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. Adam u. S. Leaders and iran reached a deal to halt the Iranian Nuclear program for six months. Lawmakers on both sides of the ill criticize the deal. Democrats and republicans alike threatening new sanctions. Peter barnes is in washington d. C. With the latest on how this is all playing out. This deal has been met with widespread skepticism from israel to saudi arabia, from republicans to democrats in congress. They say that the iranians can be trusted, the six agreement is not tough enough, and it will allow them to keep on course to Building Nuclear weapons. In the deal that promise to cap in rate uranium enrichment. Limiting that uses. They promise that it wont create any knew centrifuges and will suspend work on its Nuclear Reactor in the iranian city of a rock. Iran agreed to increase you in inspections demand for all of this debt would get about 7 billion in some relief from the International Sanctions that have crippled its economy. We are very concerned as to whether there will live up to even these commitments, and this is the first debt during the next six months we expect that the renegotiation is to eliminate the infrastructure in iran. It will to produce a nuclear weapon. The reaction, there are spiking the football in the end zone sank a look, we consolidate. We relieve sanctions. We will have the right to enrich. The Administration Says that the deal is designed to buy time to continue negotiations on the tougher longerterm, democratic senator robert menendez, one of the president s top allies in the senate and the chairman of the Senate Foreign Relations Committee called them duplicitous and said that he will keep working on legislation to toughen sanctions on iran as the talks progress. Reporter oil prices are dropping and news of the deal. Fox business contributor phil flynn from Price Futures Group is in the trading pits. How should we interpret all of this . I think initially theyre celebrating, but as the day goes on we are seeing crude turn higher. Wti is back over dollar off the low it would have brought more oil to the market. This really does not lift the sanctions on oil. It allows them to sell more oil to their current customers of the deal which probably will only add three to 400,000 barrels per day. But you take that risk premium out, look around the globe. Risk premiums are being put back in. You look get syria. Rebels take over an oil field. You like libya, a state of war in benghazi according to libyan army. Oil supplies are being disrupted then, of course, the ongoing tension between china and japan that could make shipping routes of lot more risky. You put it all together and we are wiping out some of those losses already. Adam if i hear you correctly is seems that the next six months really poses no threat to the oil industry in the United States which continues to grow and expand. It does not. Even six months from now if they get sick, you know, so that 1 Million Barrels per day will probably be years before they get their full potential. And the Global Economy, if it continues to grow will still be a big place for u. S. Oil. Adam thank you very much. That setback to the floor of the New York Stock Exchange. Nicole petallides is there taking a look at stocks which are getting some upgrades. Tell us about it. Reporter bye and bye. You know what, you say by, these names are jumping. Lets take a look at names that everyone knows well. The aluminum maker buying a big rating today. It had an unusual pop. Up from 87. Adam San Bernardino california is going to the bargaining table. The bankruptcy is starting mediation talks with creditors today for the First Time Since it filed for bankruptcy protection. Reuters reports that the city will dispute what it goes towards its pension contributions. This scipios 16 nav million dollars, but the city says that number is closer to 13 million. Pensions are kishis because, like detroit, the big question for san martino is whether pension benefits can be cut as part of the bankruptcy process. Different scenario. In stockton they have continued to fund their payments. Executives shuffle. Ceo their apparent on his way out. Charlie gasparino has an exclusive that you have to see. And trying to hammer out a budget. They looked to make cuts in an effort to avoid another government shut down, but who is going to pay . We are live on capitol hill. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I tradlike me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Reporter and 22 minutes past the hour, im laurin green with your fox business minute. Ohio attorney general mike dewine says a grand jury has indicted the superintendent on charges he obstructed an investigation into the rape of a teenage girl last year faugh. The principal and two coaches also face charges. Two Football Players have been convicted of raping the girl. Travelers passengers on a train have been taken to the hospital. No serious injuries reported. No immediate word on the cause. A death toll of 54. The for the operation was interrupted over the weekend with a large part of the group fell in, but no one was hurt. The investigation is underway. And those of your News Headlines and the fox business network. Now back to adam. Adam. Reporter thank you very much. Adam lawmakers are putting all options on the table to try and avoid another ever shutdown. Rich edson is live from capitol hill with more on what they are considering intellectually awarded to a marriage . Reporter they are trying to do so, adam, and trying to read the part of what is known as a sequestered. Republicans say that they want spending reductions elsewhere. Democrats say they want revenue. Republicans say there is no way to tax rate increases. The idea of possibly closing tax loopholes could be problematic because basically a number of lawmakers are pushing to overhaul the entire tax code. Their difficult decisions that have to be made, and most oppose doing tax reform on a piecemeal basis. For those reasons i think that it is unlikely to see significant changes in the tax structure included in a deal in this process. We should look for those down the road and a broader tax reform effort. Reporter so basically the negotiators are saying that they are looking at a set of fee increases, one of them could possibly be government Workers Panel a bit more to the benefits program. Not looking at these. This is used are our industry, huge for the traveling public. Small ball, really lazy legislating. Reporter appealing to lawmakers and their customers handing out these fires to get to the folks to fly their airlines to call the lawmakers and tell them not to increase the tsa fees in negotiations continuing and the staff level. They are supposed to make conclude by december 13th they still want to use that as a way to offset those automatic Government Spending cuts and there is no way, at least the democrats say that theyre going to do so without some type of revenue in that. So on a smaller deal, really is the only way that seems palatable politically, at least right now on capitol hill. Adam thank you very much. It is time to make a little bit of money. Even though oil is trading lower , the stock in the oil will go higher. He joins us now. Were talking about marathon. Marathon petroleum. Three months ago 9. 302. That is above the last couple of weeks. And one of the big problems is when they reported him and believe me, i am no oil expert to but use of sweet and sour and narrow. 46 percent. And then west texas intermediary verses louisiana, that contacted by 76 . The bottom line is money that they normally would have made was just completely not there. Having said that, it feels like in a more normalized market. They have retail spaces commanded just looks like it is oversold. Adam let me ask you this question. I am thinking not sauce. Ive got a lot of the Oil Companies this bread is not dead, not making the same amount of money and gasoline. I hear you correctly, you thing marathon is at the bottom of that. I think it is built in. When you just mentioned that is a fact in that think it is sort of built into it. The stock is trading worstcase scenario, i do not see devolving. Five and a half percent samestore sales. I like it as a value play. If youre looking for value. You can see a clear transition. The nasdaq was higher. Within 30 minutes of trading all the funding came out. The highfliers, facebook, all of the other ones and transition the back. Adam a good chance we might go back over 4,000 on nasdaq. Absolutely. Adam a quick programming note, tomorrow morning peter barnes, our chief correspondent in washington sits down with former Federal Reserve chairman Alan Greenspan in a fox business exclusive. You will want to hear what the former Federal Reserve chairman as to say. Tomorrow morning right year. President obama, facebook and protesters all recently named person of the year. You has your vote . We will tell you how twitter is helping you get your sake. Investing. We will introduce you to upstart, a company backed by eric schmidt to montagnard mark cuban which plans to allow you to invest in average people for a of their future income. Indentured servitude . No. We will tell you all about it. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the tradg floor in re time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swi from td ameritrade. Adam time to go back to the floor of the New York Stock Exchange in our own Nicole Petallides who is watching the markets go up. Reporter and going to show you some green. Take a look. All green all morning. 16,091. The nasdaq her 4,000 for the First Time Since the year 2000. The s p 500 comfortably above 1800. Lets take a look at twitter. Different stories. Down four and a half . Came out over the weekend and talk about some of the highfliers were looking over extended periods including names like twitter. Now today is right now is that 3919, below the ipo price. Fifty bucks and the first day. Adam thank you very much. Cool employees are building a new way to back entrepreneur spirit of start lets backers invest directly in an actual human being. Not their idea, not their business. A crowd funding type marketplace. Here to extended, the cofounder. He joins us from palo alto to talk about this. I am going to challenge you a bit, but essentially if i were to combat potential investors could invest in me for a guaranteed payment for my income over the next five to ten years. Yes. The payment i definitely would not call guaranteed. The essence of what we are trying to do is creating something called income sharing of agreements. The idea is you need capital in exchange for a small percentage your income. Upstart takes five written years. Adam is a 3 7 . 7 of income. People decide how much they want to share. The idea is their payments will always be affordable. If you are sharing 3 percent of your income, if your income goes down your payments go down. Adam okay. So the difference is the bank sets an Interest Rate. I have to pay it. There is an absolute same amounts. With the income sharing concept lets say it is 1 percent of income. That will fluctuate. Exactly. We think of ourselves as being on a mission to fundamentally replace the concept of consumer debt. And with consumer debt, things like credit cards and student loans. They forced people to take on a bunch of risks and take away peoples career flexibility. With upstart you dont get any of that. You can make whenever this is the best for your longterm success. Adam so the bank has recourse. What is there for the investor. Should the individual to stop working . Yes. That is a great question. We have looked at a lot of the day that. If you look at things like creditcard system and laws are you see is people do not default because it be because it is fun. The fall because they are not earning enough income. With upstart we are inherently solving that problem because you cannot have people defaulting. If you lose your job you dont have to make any payments. Lori let me challenge you again. Are you not creating a disincentive . If i am an engineer from a started his own business, what if i were working for someone . Would not want to enter into a contract that would delay my payments in the out years . Minimize the amount that i have to share with the investors and then after i pay off those investors and lowerincome i give my big bucks and they did a share of. Yes. I think that is a good question. The way we have dealt with that problem, you can realize theyre really people are only sharing a very small percent of their income. You dont get these affects where people have moral hazard and dont want to earn more income. When youre only sharing two or 3 percent of your income the incentive just is not there. Adam why would i invest in somebody like this . Fracking get a better return that is guaranteed as a smaller Interest Rate would not take that . Sure. As an investor we think that. This idea of investing, one of the fundamental new asset glasses. And we think this has a lot of good risk and return properties. 8 percent greater return. We target of 5 annualized volatility. If you compare that to the s p 500, the same return with one fourth the risk. Adam we get a long discussion about whether that 8 percent returns over a long moment in time, but we dont have time. All the best to you, and i know the you have to half million invests in different people to different investors. Congratulations. Youre definitely on the cutting edge of creating something new. Thank you. Adam Time Magazine teaming and for the two dozen 13 person of the year. People can tweet the name of what person, group, or ideas should be chosen as a person of the year with a half stag time peal wine. The magazine kicked off the tradition back in 1927. The first man of the year. Time will reveal its 2013 choice on december 11th. Major Management Changes at the nasdaq. The executive shuffle and what it means for future leaders. Charlie gasparino is here with the exclusive. Feeling have become a successful, and productive. We will introduce you to the professor who is working to define and measure the American Dream ahead. Just how close people are to reaching it. You will ask if you are close to reaching it. No two people have the same financial goals. Pnc works with you to understand yours and help plan for your retirement. Visit a branch or call now for your personal retirement review. Ttdd 18003452550 can take you in many directions. Searching for trade ideas that spark youruriosity tdd 18003452550 u read this. Watch that. Tdd 18003452550 yolook for whats next. 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The number of americans is signed contracts to buy previously owned homes fell in october for the fifth straight month. The association of realtors says the bins 1021. Gas prices going up after falling for nine weeks. The average price for a gallon of gasoline climbed 0. 3. That is the latest. De 16ton. Adam nasdaq composite over 4,000. Here with the explicit details on who is saying byebye. Definitely the number two. Essentially the heir apparent. Leaving for a private equity firm. We dont know which, but sources inside the nasdaq tell us that he is definitely going. The announcement is likely to be made after 4 00 p. M. Today. This is a kind of interesting thing. The first reaction people have lied tell them about this is that he is leaving because he is taking the fall for some of the problems. The twitter ipo, technological glitches. Following that, that big outage. Adam the blended 19 occasions. Reporter i have not spoken with in. He has not returned the call. Nasdaq has no comments. The story is completely 100 percent accurate. What i dont know is why he is leaving. I think he has a better job. Maybe theyre bigger take away. At like him. I think he is a good manager. He is out there both internal and external candid its for this job. Obviously he is very much aware that he needs a successor in casey gets hit by car. Good corporate governance. Anyway, the problem with this is that he is a pretty smart guy. Very high marks. Understands the business. A seasoned banker. He knows what hes doing. This guy knows what he is doing. This is kind of like a brain drain. Adam a precarious time. What is happening with consolidation and mergers. You need someone like given place . Perfect example. He found a better job. Decided not to stay. Think that is a problem. A really do think. I know he is out there. Plenty of smart people there. But this is a smart guy. Adam heir apparent. Probably about the same range. Being heir apparent to the number one guy. He now wants to lose someone of this caliber. He is a smart guy. He understands the market, the exchange business. Austrian side and out. Allied is going to private equities will make a lot of money. I believe he came from susquehanna. He came from that end of the business. Adam what does this mean for future consolidation . The reason why i described as a brain drain is because we will see consolidation. We should point out that there are lots of Management Changes. You know, number two, you will leave by the end of the year. A fairly large payback. 10 million, but he will still leave. The exchange right now is going through a sort of it is a type of flag spirit we should point out that what is going on at the New York Stock Exchange is happening because they have already done a transformational deal. The merged. It was changed. Now taking control of the management of the combined entity. That has not happened yet, and i will tell you, before you go into one of those sort of big deals because structural change deals, you kind of want guys like eric there, but that is what they did take away his. Adam on the clock, 4 00 p. M. As a we have to watch for. Find out what company. Adam u. S. A. In flux. Feels like acid reflux. As we do every 15 minutes back to the New York Stock Exchange. On the floor of the exchange. Stocks hitting new highs. The correction that i heard people talk about coming of the first of this year has not materialized. Where do we go . What correction . There is no correction in sight. Lets not get too panicky at this point. We will go to steps. This week like we, holiday week, not a lot of buying, not a ton of economic data. No real reason for the market to have significant moves either way. We will see it move along in a fashion that we have seen. Getting toward the end of the year, the yearend rally, and we also have a lot of money sitting on the sidelines and we have a lot of hedge funds that are lagging the performance of this market so far. They have to put more money to work to get their annual performance of is that is how they get paid. We will continue to see this market of fire. Adam a lot of people have a smile right now. But all the best to you. A vital sea before thanksgiving, have a great holiday. Youtube. Adam global anchor is the title yahoo is giving katie couric will now hosts interviews for the Tech Companies news division. With her move couric will lagerfeld our role as abc news special correspondent. Whoever, she will continue to appear on a nationally syndicated abc show katie. The deal was driven personally by yahoo ceo merle some fire and is part of a broader plan to revamp the internet giant. No word yet on when her new show will launch. Go ahead south park and to will couric is all im going to say. A job, of, a better life for future generations as will many believes are keys to the American Dream. A professor from a Xavier University proves it is more than that. Up next, we are taking a closer look at how close americans are getting to achieving the dream. Adam what seems like up intelsat caddie is now actually reality thanks to our next guest. The American Dream composite index tracks out people like you and i think they are achieving the goal of the American Dream. Joining me now is one of the index founders from exit year university. Thank you. Explain to me so that i can understand. I might have skipped class when i was at the university, with the index actually is measuring. Well, what it is measuring is after three years of putting this together, what it is measuring is the quality of life of People Living in the United States on an everyday basis. And we track every single month and put it together and index which allows us to actually see how well as a nation were doing adam you have been doing this for how long . Have you been able to go back a basis point at which we can say we are above and below. We have been tracking for almost two and a half years. The project is nearly six years old. We could not go back in time because we want to get into the here and now, people are doing. We did not want to empower our own judgment. Adam what are you seeing . To most of us feel as if it is within reach . I keep hearing my colleagues and reading articles with say otherwise. Well, i think that is the fallacy. When we think of the American Dream as one single dimension such as owning a home or having a good job, is the it is easy to see how we can say that the dream is dying are failing us. When wheat state get back take a step back, the dream is really many dreams. Homeowners should being one if. As a nation we are doing okay, doing better this year than last and doing better than the previous year. Adam for instance, that one thing that everyone talks about, home ownership. A lot of people feel as if they are priced out. The middle class pricetag of owning a home. Of throughout 2012. Overall sentiment of people saying theyre really thought that there were able to own a home. Beginning in january 2013, up until the way through november, it is a struggle for most folks, especially the working class. This idea of home ownership, people want to own a home. It think it is something that they would want to do. They just are not able to do it, and the number keeps falling, especially in the middle class. Adam the more the government does for us the marketplace and we become and the concept of the ira can dream false. The reality of that this the rule of government and our lives, do we need them as someone that we can rely on in time of need it . The farther we step back from that we dont need the government so much in our lives. We feel like we can break down on our own. The overall economy does better. The counter, will need the government can actually feel that we need them now lives to help us in daytoday the economy does boris. Adam anything else that might surprise me . One big issue that is often missed is how well were doing personally and our own physical and mental lives. The overall wellness. But that just in, we often think of it as an economic dream. The reality is what we found is it goes beyond. How we interact as a society, how we interact with government, business education. Interacting in a diverse nature, the diverse culture. Adam appreciate you taunton to us. I have a feeling we will hear more about the index because measuring this is certainly something that i think would be inappropriate for people who talk about this, but it would appear to talk without knowing what theyre saying. We appreciate you being on fox business with us. Why now . And new ceo for the holidays. Coming about, tell us whether the timing just before the shopping rush is a little bit fishy. And markets new milestones. Will there be a rally . why or wire you not buying in . Tweet us. Your responses. We take you through the next hour of markets now. You make a great team. Its been that way since e day you met. But your erectile dysfunction itld be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You cabe more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause unsafe drop in blood pressure. 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Get 200 free trades when you open an account. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. Tracy good afternoon, i am tracy byrnes. Ashley i am ashley webster. Dow and s p 500 trading record territory as the nasdaq hits a 13 year high, so will there be a santa rally . Are you buying in or not . Coming up next. Tracy just in time for the busiest travel time of the year. The weather outside beyond the frightful. An noreaster could make it a nightmare of a day for much of the country. Ashley plus, why now . Walmart getting a new ceo for the holidays. We will be asking if the timing just before the busy holiday rush is just a little strange. Tracy videogame wars, the xbox and playstation sellout in their first weekend. Those stories and much more in the next hour of markets now. Ashley are you getting in or not, your answers would appear on the bottom of the screen. Tracy we have you covered with an allstar panel. Liz macdonald here on set. We will get things started with nicole. Nicole you are seeing the dow here for the first time ever, so a monumental day on wall street not only because the dow is hitting record highs, but the nasdaq composite above 4000 for the First Time Since the year 2000. New records of its own as well as the s p 500. Many names setting records of their own. The dollar higher, commodities pulling back. It continues to rally. Ashley lets go out to sandra smith in the pits of the cme. Sandra. Sandra will be or wont we see the santa claus rally as we wrap up november this week looking forward to the big fed meeting taking place in december, everybody mentioning taper. Whether or not the fed will end the bond buying program. An indication of where market will go, december is usually a profitable month for investors. On average the s p 500 in the last month of the year has gained 1. 5 , Dow Jones Industrial average on average since that time gained 1. 3 . Warning investors you may not want to look at history for an example of what is going to happen this december. Stocks are extremely overvalued going into the last month of the year. Price to earnings ratio 18. 25. While they are bullish longer term on the stock market, in the short term things are starting to look pretty funny. There are still some analysts who said could string higher into the end of the year. Gold and crude oil, a lot of cautiousness in the commodities market entering the last month of the year. 1200 right in the face as many analysts call for a drop to about 1000 per ounce in 2014. The money getting taken out of the market. Back to you. Tracy thank you. This rally, what is it . The market keeps on going up. Why or why arent you buying in . I know you talk about the wealth effect trickling down finally, does that mean you are buying equities . Yes, the market is in a position for a santa claus rally, for two reasons. Driving profits. Reaching alltime record high, already at a record high 2014 i forecast will reach another record high. Secondly as you said the wealth effect rising housing prices, the rising market, lowering Energy Prices is all contributing to very strong consumer. I see a santa claus rally in the cards. Ashley are they still making is through buybacks . How real are these numbers . We have been talking about this, what has gone on since march 2009 low. The valuations of these companies, the stock price versus the price and earnings is up 60 . Have the p e caught up. Where is the wall of worry . Some tanks are going to charge those who deposit their money. That is a heck of a bullish indicator. The question is durability, is it totally gone or will we have a slight correction come march . It clears out all of the excess. Tracy you have obamacare, doddfrank, the debt ceiling budget, we kind of have it coming down the pike. That is what is very interesting, the concerns we have seen this market as your guest said since 2009. Here we are at the alltime record high, so what you have to look is take a step back and say are these problems overwhelming the fundamentals . The fundamentals i heard one number it is at 18. There is no way. 18 what . My forecast is 121. On that metric we are at a 14. 8 p e ratio, that has compelling value. The whole market is fairly defensive, you need to get into equities. That is true. Historically the last week in november is bullish historically leading to a bullish december hence the santa rally. How do you see that playing out this year . Any reason to think we wont have the same rally we have seen . Just made such a good point. If you go to the average valuations on the s p. Were talking s p 2000 at a p e valuation of 19. It is a big deal. The thing is are we in an aging bowl . I know how the market will correct, to go down 10 to 15 . The third stage of Federal Reserve using. The market retraced back 10, 15 . Tracy people say this is the most hated rally ever, but the problem is so many people on the sidelines have been burned multiple times to matter what you say to me i am still scared i am going to lose my shirt yet again. The important thing is there is cash on the sidelines and as this market continues to go up, as the rates continue to stay low, there will be a lot of pressure on investors to jump in. On the upside investors are going to have to throw in the towel, enjoy the returns, but one thing i want to point out Sustainable Growth factor is a broadening economic expansion. Over the past decade the Global Economy has doubled and that has not been really telegraphed. We are in a different world right now. Corporate profits will continue to drive forward. Goldman sachs saying the s p will be up 8 earnings could be up 86 . Interesting forecast. Ashley thank you. We are live at the cme straightahead pushing oil much lower. Tracy and new ceo for walmart but the timing seems really fishy. Ashley the retailer tossed out of the s p 500, nicole lives next to what it is doing to shares. We will be right back. 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 you choose any car in the aisle. And go. You can even take a llsize or above, and still pay the midsize price. aaron purrrft. vo meeeow, business pro. Meeeow. Go national. Go like a pro. announcer scottrade knows our and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online i can react in retime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Ashley there you go, Charles Payne dollar bills. Charles payne joining us to discuss the power of buybacks. Charlie i was going to do that. Heres the thing. I always felt like it is a buybacks, i had a subscriber who said are these stocks up because of buybacks and how they artificially affect the bottom line . I did some research on this, what is really interesting is these buybacks of you to the top 10 companies announcing buybacks this year, my goodness the performance has been remarkable, absolutely remarkable. 13. 6 of the outstanding stock, up 43 going into the weekend. Thattis amazing stuff. Ups same sort of story, almost 70 of the outstanding stock, that stock up 36 . Ashley it pushes prices up, but the question becomes why arent they put in his might to use elsewhere to grow the company . Charles lets be honest, they are intimated the what is going on. If they have to put my to work it will put it to work this way. Personally i would rather see the next leg up be a big spike in spending. But we are not necessarily seeing that but if you build a warehouse, that is a sign of confidence tha by do think the ability to go out and have this kind of cash reflects on Business Success and that is some of what was were seeing. Tracy you can say we will buy back and nobody often checks up on you to make sure you do that. Charles you are right. We will try, but i will keep looking into this more and more. Kind of no big deal, but maybe it is a bigger deal than i thought it was. Certainly these numbers are absolute. Tracy stock buybacks is like living with a girl, dividend is when you decide to marry her. Noncommittal. It can go on and on, who knows. Ashley where is the incentive to change. Tracy if you back out, nothing happens. Ashley thank you, charles. Tracy it is time to check on the markets. Nicole petallides on the floor of the exchange. Get really close to the record highs, nicole. Nicole we are basically at the record highs on wall street alltime record highs Dow Jones Industrial sitting at 16,108 right now. On friday hou our 41st record ce on the year. Looking at the alltime record high today. Wanted to talk about the s p s p 500. Jcpenney turnaround efforts despite the fact they burned through a lot of cash, they will be out of the s p 500 going to the s p 400. Actually spinning off, and that is going to be an ipo into the s p 500 and there will be some changes to the 400 small cap as well. Tracy thank you, nicole. Ashley it is the busiest travel week of the year. Already the country is getting hit with a massive storm and travel delays. Rain, snow, sleet, ice, you name it coming down coasttocoast. Some predicted could impact 100 Million People when all is said and done. Janice dean will be very busy over the coming days. When and where can we expect the biggest impact, and obviously the timing could not be worse. The timing is awful all along the east coast tuesday into wednesday it really depends on where you live across the southeast. In the northeast tuesday night into wednesday show you how cold it is so areas like dallas, kansas city, memphis, part of that storm system could hit you and we could be seeing a mix of freezing rain and sleet which is so dangerous. You can see that icy mix across the tennessee, mississippi valley. Tracking it out, on monday heading into tuesday still seeing a rain event starting to see some snow ahead of the storm across the ohio river valley toward the midatlantic, the appellations and then as we get into tuesday around 3 00 a. M. , the sleet and or freezing rain could see if you snow showers across the northeast but for the i95 corridor, it will be into wednesday. By thursday it is out of here, so a quick mover, however the busiest travel day is wednesday and we are expecting many delays across the airport. Did see some interior snow. Will be very windy. Even a rain event, that is going to delay or keep the airplanes on the ground for a long period of time. Back to you. Ashley it is going to cause a lot of problems, thank you so much, we appreciate it. Stay home, back down the hatches. Tracy you might even be able to seek refuge from the storm. Their president on next with the holiday outlook. Ashley ditching their iphone for an android device. You will be surprised who wrote it. Take a look at how the u. S. Dollar is moving right now as the dow, s p, nasdaq offloadin g with high levels. As you can see, the dollar stronger against all of the currencies, all of them trading lower. We will be right back. [ engine revs ] [ male announcer ] the mercedesbenz winter eve is back, with the perfect vehicle thats just right r you, no matter which list youren. [ santa ] , ho, ho, ho [ male announcer ] get the allnew 2014 cla250 starting at just 29,900. 21 minutes past the hour, this is your fox news minute. The death toll from fridays Oil Pipeline Explosion in china has risen to 52. Official Chinese News Agency says the blast which occurred left more than 150 people injured and 10 in critical condition. Authorities are still in the skating the cause of the blast. Passengers on board a in amtrak trailer derailed in South Carolina being taken by bus to their destinations. It went off the tracks earlier today on its way from new orleans to new york. There were no serious injuries among the 218 people on board. And a sure sign of the Holiday Season, the capitol Christmas Tree has arrived in washington. Once the trees in place on the westhewest lawn, it will be differentiated with handmade ornaments around the country. The Tree Lighting ceremony for december 3. Those are your News Headlines in the fox business network. Now back to tracy. Tracy a fun time of year. Thank you very much. Even with the big old storm janice dean was telling us about threatening to disrupt travel for millions of people this holiday, expecting this years occupancy for things getting weekend to be 60 . That is a 6 jump from last year. Joining us now. Sir, that is even with the notion there is less inventory, less air flights, less everything. He still say that you are going to do better. We certainly are, tracy. Busy holiday travelers up 6 points, 11 . We are just looking forward to a consideratiocontinuation of theg summer we have had. People are going to travel regardless of how strong the economy is. Tracy you have to see grandma somehow. Your price point is a good one. You can get a room for 50. Red roof inn we have the perfect Value Proposition for our travelers. We have a clean, quality room at an affordable price, it has always been that way and it continues. This year is bent over 150 million renovating our properties so it is even a better value. Tracy the next gen renovations going on, did you see it was necessary, once they start to look old, people dont come. the way we work as we listen to our customers. We were hearing from our customers it was time to upgrade the properties. We listened to them directly at the property but especially through online deals like tripadvisor and we are taking our customers seriously and we look into exactly what they need to see in a hotel room and we give it to them. Tracy how do you compete . Probably next door to yours in many, many locations across the country. How do you and taste them . You are right. It has become a commodity oriented business. People drive to the corner and see three different Economy Hotels all on the same corner. We have had to fight very hard to differentiate ourselves. It has done just that, we would like flatscreen tvs as well as the sinks, those are all things you dont normally see in an economy hotel. It makes like a boutique hotel, it makes a difference and causes our customers to keep coming back to red roof inn. Tracy visit family or Business Travelers these days . Were split pretty much 50 50 in terms of the Business Traveler as well as a leisures guest. This brand was formed on giving the Business Traveler and office away from home and now we are focused giving the Business Traveler a home away from home which attracts the leisure traveler. Tracy i hope your Holiday Season proves to be exactly the way you want it. Pray to the gods the storm does not get in the way. Thank you for being with us. Do a little storm dance. Ashley maybe in the storm. Tracy all right, how about this. Ahead on if it marks a failure or Brenda Drescher for the internet. Ashley maybe it wont be such a bad retail for christmas after all. Tracy lower prices may make it a christmas for the shoppers. Gas prices are coming lower. The dow up 39 points. Dont go anywhere. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the tradg floor in real te. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] rht there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. Because you cant beat zero heartburn. Woo hoo [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. Frequent heartburn medicine for 8 straight years. Stick with innovation. Stick with power. Stick with technology. Get the flexcare platinum. New from philips sonicare. Ashley 90 minutes until the close. The dow just sitting in a new alltime high. Moments ago will for moving just a little lower, but as you take a look at the dow 30, more green and red. Caterpillar, merck, leading the way. Down toward the bottom of the screen, as you can see, boeing, not exactly a highflier. Lets go down to Nicole Petallides of the floor of the New York Stock Exchange to find out why. Reporter we are looking at bowling under some pressure. Right now weighing on the Dow Jones Industrials, down nearly 2 bringing you write to the post. 133. And this is problems about icing. The dream liner. So theyre letting the companies now. This is an ongoing issue. Some of these names said 52 week highs. Rare. Ashley thank you. Tracy the u. S. And iran reaching a deal. Bipartisan lawmakers are threatening to go against the president s deal and enact all new sanctions. Cannot get it together. Peter barnes is in washington. Fox business contributor phil flynn is in the trading pits at the cme. Lets start with you because there are a lot of consequences. Reporter thats right. This interim nuclear deal has been met with widespread skepticism from israel, saudi arabia, the republicans and democrats in congress. They say that they cannot be trusted, the deal is not tough enough and it allows them to continue to develop nuclear weapons. In the deal they promised a cap uranium enrichment and neutralize its uranium stockpile to limit uses to peaceful, civilian purposes. Promising that it will not create any knew centrifuges and will suspend work on its Nuclear Reactor at the iranian city of iraq. Now, they agreed to increase u. S. Inspections. And for all of this they will get about 7 billion in some relief from the International Sanctions that have crippled the economy. I think youre going to see on capitol hill again a bipartisan effort to try to make sure that this is not the final agreement is people know the administration is strong on announcements. Long run announcements, but very short on followthrough. I think there is lot of concern. I want to make it clear that if they do not live up to the commitments we will now only insists that the sanctions be reapplied, but we will have stronger sanctions against them. Reporter the Administration Says the deal will buy time to continue negotiations on a tougher, Longterm Nuclear agreement, but democratic senator robert menendez, one of the president s top allies in the senate and chairman of the Senate Foreign Relations Committee called a run duplicitous and said he will keep working on legislation to toughen sanctions as those talks progress. Tracy it makes sense. Dont know how you can just then. Thank you. For more on the deal now we get to phil flynn. And you were talking about metal moving as well. Reporter the entire commodity complex could be impacted by this deal. Ninetyfive 0. 95 on the day. Off of lows of the day. Traders are skeptical, traders are confused. How much this will mean to the Global Oil Market place. You actually traded higher on the day for a short amount of time. Even on the day, still trading at market, what it is very interesting. But it is starting to wear off the low bid. That is not that big of a deal, what really when you look tell the sanctions, it is not just about oral but their absence, their gold, silver, money and european banks. That money will come on to the global marketplace. What are they going to start doing . They need a lot of goods. People are upset because of the sanctions. They will probably go on a commodities spending spree to try to ease sanctions that, but the money to work. That is very bullish for commodities. Tracy it sure is. Ashley by the way, for more my will be talking to colonel ralph peters. Sports fans joining me to talk about the broadway bound show called the bronx bombers at 7 00 p. M. Eastern. Your tech minute. Microsoft exports one selling 1 million consuls. They sold 1 million units. The device was launched in 13 markets around the world. Most retailers selling out. Microsoft does said that it is working, but it might not be the biggest problem. Owners are experiencing problems reporting loud noises. That is not good. Customers said theyre not being read all. Microsoft said the issue is impacting a small number of users, and theyre working to get them replacement consoles. Moving to some merger monday news. The census data, the 360 million deal for the israeli based company could be used for any number of projects, but there is speculation that it could help. Known for its work with microsofts connect using cameras and debt sensors to capture emotions and incorporate them into game play. A very cool. A manifesto of sorts. If you like bull chairman working a howto guide, he writes on his plays that many of his friends are converting. He goes on to give a stepbystep tutorial starting with reminding people that an android is a great christmas gift. If you use apple you may not be his friend. Tracy better yet to many give to recede from a guy is good. Thanks. Walmart name is a new ceo. Some say the timing before the busy christmas rush is really suspicious. We will ask an analyst ahead. Ashley twitter shares hitting a new flow. Will shareholders revolt . Tracy a modern miracle for one entrepreneurial kate. Love this story. Dow is up 41 points. Dont go anywhere. As a business owner, im constantly putting out fires. So i deserve a smalbusiness credit card with amazing rewards. With the spark cascard from capital one, i get 2 cash back on ery purchase, every day. I break my back around here. Finally soones recognizing me with unlimited rewards meetings start at 11, cindy. [ male announcer get e spark Business Card from capital one. Choose 2 cash back or double miles on every purchase, every d. Whats in your wallet . I need your timesheets, larry [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. Eartburn relief that neutralizes acid on contact and goes to work in seconds. Tum, tum tum tum tums 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. Ud crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Ashley walmart replacing ceo with Longtime Company executive Doug Mcmillan. Tutsis to departure, and you could say the odd timing right before the Holiday Shopping season rush as some people wondering about the reasons for the change. Joining us now, analysts. Is there something fishy going on here . Certainly the timing is a lot. I dont think there is anything fishy about it. In some sense walmart board met last week. And once they made a decision in terms of saying he wanted to retire, they had to come out and say something. I think it was well telegraphed that it was probably going to be either Doug Mcmillan or bill simon. If you go back five years back in november 2008 just before black friday and else that might do could be the ceo. The timing is actually exactly the same as far as the prior announcements. Ashley a Strategy Change and all . You know, i dont think so. He has been across the board. Yes and everything from international, sams club, the record store, walmart, worked in distribution. I do not think that it will change. Culturally he is a perfect fit. He is a sharp young guy, and i think people really, you know, like him. He resonates with people. I think that that will serve the company well. Ashley he started as a Summer Associate back in 1984, so he really is from the ground up, he is an insider. There are those that say that bill simon was more of an outsider. Would you agree . Well, its certainly seems like there is something to that. But i also think the breadth of experience that the and within the company, idols dont think that he was there longer. He ran a lot of different businesses, a lot of experience, and that gives him an opportunity to read making ceo. Ashley somewhat of a rough time, but before we get in the sales, they have this big rivalry scandal that they have had to deal with. Mexico, and then there were other areas. Brazil, china, india. Have they gotten over that dead or is it any after . It is still out there. It is not officially resolved. Most investors are looking past it. I think that they have been reserving, taking some expense charges as each quarter goes on, and it seems like they have rooted out some of the problems that they did have and some of those countries and are in much better footing to go forward which is really what investors care about. Ashley what do you think walmart needs to do as we look forward . What i then not doing that they should be doing . They do an excellent job of pricing in communicating to the consumer, and they need to continue to do that. Quite candidly, our viewer tag is the middle to low income consumer, you talked about a non airshow the maunder a lot of pressure. You know, and their customer is that cusand so youre seeing a f pressure, but they have done a great job in terms of pricing. There will not be beat this Holiday Season, and that is the person they need to take to clean keep winning customers and gaining share. Ashley how often those Profit Margins become . What is interesting is their leading the charge on his promotional environment, competitive pricing. The guidance that they gave was only a slight degradation. It was not like a big loss that they are expecting. And the reason that they can do that is because the plan is so far in advance to be intense with promotional. They planned to have goods at certain prices and the the margin needed to hit that. So i think that they are well positioned, and begin i see dramatic profit degradation as a result. Ashley a good place to finish. Thank you so much. Appreciated. Tracy well, it is a quarter till. Lets head down to the floor of the New York Stock Exchange. These markets hitting their intraday highs. How much more will we keep going . The market has more in it, and there is more power there will be behind it. We get through this week, a quiet week, straight into december. This summer will be busy. A lot of economic data. Yearend rally. We are still going to continue to see this market move fire. Now tapering that will happen. So as long as that conversation is still off the table if it is going to occur this year, this market is going to have the infusion of capital to push higher and higher fat. Once you Start Talking tapering in 2014 we might see some profittaking. Tracy i worry that some many people are not taking advantage of this because they have gotten burned. We said this is the most hated rally in history. I feel like we said that about the last five rallies. What will it take to get them back so that they can benefit . As the market goes higher and people open up their envelopes and see that they are investing 8 of the market is up 20 percent, that is what is going to get them back involved. They feel like they miss the boat and what to do something. You might not like the rally the you have to believe in the rally in partaken the rally. If you dont you will be upset at the end of the quarter. Tracy thank you very much. Thank you. Disappointed. Tomorrows business today. Talk about the enterprising spirit with thanksgiving and konica converging on thursday. Anthony weintraub, the new yorker ten yearold son created this turkey shipped menorah. You have to love it. It is a hit. More than 6,000 of the plaster menorah turkey, nations are being sold on line, each costing 50. Due to the overwhelming demand, they can no longer guarantee. That cartoonist turkey uses its further stole the candles, and that is a hanukkah thanksgiving miracle. Brilliant. Very cute. Fifty bucks each. Tracy i would buy one. Ashley all right. Our very own peter barr insisted on exclusively with former Federal Reserve chairman. This should be interesting. An interview you dont want to mess right here on fox business 11 00 a. M. Eastern tomorrow. Tracy katie couric heading for riyadh who. Dennis kneale ahead on whether it marks of failure or a cool new direction for the web. The dow is up 35 points. You will be right back. Tracy the today show got bounced out of the anchor chair and has struggled with her daytime talk show, but suddenly she is new. She has a new they gave. Dennis kneale joins us now with more. Reporter this morning officially tapped to be the global news anchor for the website. Is that a good thing for either . Americas talent for year, but struggling to find their right place since leaving nbc. She left cbs after less than five years, and your daytime talkshow is struggling in Second Season on there. So Online Service as the comeback . Coors salvation. Other media stars have tried it. Glenn beck, the audience of 5 million a day and has garnered only a fraction of that as a subscriber since starting his own website. Yahoo ceo Morrison Meyer hailing the arrival as the start of a bigger push into creating new media content. Saying we are investing in brain our users the absolute best content and video experience available, and this is just the beginning. Is it the right direction . The question is why guy who is getting into the news business. Now on Media Company creating original content or an aggregate, watering hole where people hang out. And if ya who is going to be an originator the question is, is katie couric the right to fund the white face . She is best known. And she did not last in the cbs anchor chair. I mean, i think she is terrific, but i am just saying, this is not going to be a slamdunk. Ashley and well, cbs skews old, and she did not make it there. Maybe that was not the slot fur. The biggest problem is they want to see a live anchor doing features, but think that we are learning especially after the youtube music video awards came out, 200,000 people watch them on a site that gets a billion a day. We dont go to the web to watch live tv. We go there to retrieve. So what is she doing . Why bother . Right. And you know you can get your information probably faster and quicker summer else. But to our credit pass the future. Give her credit. Thank you. Just in case you havent had not have not had enough turkey talk, did you know that turkeys comply . Apparently they can soar for short bursts. Your turkey day dinner kelso fly for free on airlines. Guidelines say all traditional thanksgiving meal items can be brought on board planes it packaged properly. By the way, that includes turkey, stuffing, and most importantly the by. It is the liquids like gravy and cranberry sauce that need to be checked. If youre flying this Holiday Season, done at home without a plate of leftovers. Tracy the gravy and cranberry sauce you should leave on the table anyway. Cranberry in the can. Cranberry sauce from cranberries. Tracy you can bring an entire bird, but you can put it through security. There would be able to know whether its a bomb or not. Ashley xray it. Okay. Tracy im not sure. Ashley that is enough turkey talk. Coming upon a countdown to the closing bell, the fight over a 3d printed comes. The city of philadelphia ban them in a law that prohibits manufacturers from creating and set to expire next month. We will be talking to the ceo of defense distributor, the maker of the liberator pistol, the very First Successful 3d printed gun designed. It is all coming up in a fox business exclusive. Stick around. Announcer where can an investor be a name and not a number . Scotade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to helpso when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. [ male announcer ] they are a glowing example of what it means to be the best. And at this special time of year, they shine even brighter. Come to the winter event and get the mercedesbenz youve always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho [ male announcer ] lease the 2014 e350 for 579 a month at your local mercedesbenz dealer. Liz happy monday, everyone, im liz claman, it is the last hour of trading. Check out the techheavy nasdaq. Were seeing numbers that we havent seen since way back, september of 2000. Here it goes, 4,001. 69. Back then that was when Alan Greenspan was head of the Federal Reserve, the average price of a movie ticket depressing, 5. 40. And doesnt really matter by Janet Jackson was the number one song on the billboard charts. Thats a little trip down memory lane. What definitely matters is whats leading the nasdaq to a 13year high. Weve got sears holding, not a name youd likely expect because they have struggled over the past ten years, but it is seeing a jump of 6. 5 percent to 65. 36. Invidia, google, those are the tech names or at least the biotech thats kind of the outlier there. Were also watching the price of light sweet crude after a major agreement was reached with iran over its nuclear ambitions. All kinds of issues with relaxing perhaps some sanctions here and there. Its still up for debate, till going to be molded, but right now the price of light sweet crude falling just 70 cents and, in fact, we have been lower. You see the red dot at the low point of the session, but we do see a move, its about 94. 14. This is not necessarily the