Transcripts For FBC Markets Now 20131205 : comparemela.com

Transcripts For FBC Markets Now 20131205

Happy. Food and dogs. Dennis christmas season, the tree over there. Dagen holiday tree. Connell i know. Iatollowing up. To start it off at the top of the hour at the Stock Exchange. Nicole good morning. Things are looking down again. The dow and the s p down four days in our row. We will s what hstapens between now and then, right now, down 56 points, thousand eight thirtythree. And the nasdaq composite down 9 points, a quarter of 1 . The big picture is everybody is moving to the fed. The fed keeper as soon as this month, there is a m ting this month and with economic news, better cdc dropped o begin tapering. The s p 500, apple a new high, cant leave that out. o i appen thank you. Connell the movement demanding a 15 an hour wage for fastfood workers which they organize these walk outs and stryes in a ht country and process activities in 100 more. Vid lee miller in brooklyn, new york with the latest. What is going on . Just about half an hours time the rally is expected to be held here outside the fastfood wendys behind me. On the str t you can s demonstrators have started to arrive and the netwber of them are wearing orange sweatshirts. I talked to some of the participants in this rally and it appears all the ones in the sweat shirts have nothing to do with the fasellfood industry. They were brought in apparently to support demonstrators. The organizers say the workers the organizers say the workers are also here, and we will ta to them in a short time. Another rally was held in pidtown,oss00 people turned out. Among them, workers at a local mcdonalds, we talked to one of the woumers who has b n a cashier for two years and the deral minimetw w appe is not enough to support his lifestyle, his family and he argues the int apstry can a higher wages. Here is some of what he had to 3 awh ackrge companies cant affor to pay 15 an hour. I worked as a cashier. I know how much i make a. The Food Service Industry a15ues todateds event is bweeng orchestrated by specialInterest Groups and unions. The witness a litmus test is from our unscientific story, the iatasellfood restaurants we hav visited appear to be up and d lo. Ng, business as usual and that iif iides the wendys behid me where this rally is expected to ttheye packce in half an hou time. Connell thank you, david. Our next makest says this fast food strike could just be one big t a partner at the law firm joins us, getting into this a lit she ackct. These psople in the orange sweatshirts are being brought in to the protest. What will be effectiveness be . It is going to have minimal e respect to Union Organizing e as r, gerred to by david, the fact that a number of people in the workpackce protests are wearing orange outfit that are not connected to the work force, shows there are a netwber of people planted by unions trying to become more relevant in todays marketplace. Connell is the industry for the unions15utodwe have done storie for years on declining union memalershsw, how will they continue to expand . Is this industry somewhere where they can have success . It is going to be a challenge for them mainly because the industry itself over the years has been a transient work force. It has b n di commt engaging in Corporate Campaigns. This is a version of one where instead of trying to internal t it with vendors and do it through public pressure means and using social media for purposes of reaching out to these psople. Connell we talked a netwber of times about the economic armakment that the heart of whether higher w appes should ce to be in an industry like this. I am not sure people watch the o gentleman, up sympathize with the idea that what i make, 7 ao hour is not enough to support my family but to go to the next level of the statement which is to save the company i work for, one of these fast food chainuld throm mtheye x amount of money can afford to pay me more, there is a15etwent on the other side f that in terms of Profit Margins at these companies and if they get paid like that, what will it mean for other woumers . What will it mean for job growth . What is your take on that . On that point there is no actual rational basis for the t hour, in the normal course over the years people unionvae not so much because of w appes but in e words of aretha franklin, respe to b. That is why psople have unionized. That is the number one reason. T appes have never been the ner one reason why people union o15anvae. Todand get 7 to 9, it is crazy out of the question or a conference. The concept in general, but what is happening across the n nited states the unions are taking some criticism, the number of states hhis iifreased on their own, the minimetw wage rate, happened over the course of the last no years so that is happening in the legislative front. The unions are not15utodabases r why workers should receive double wage rate. Connell we will follow up with these walkouts and strikes and the t than o for starting us off today. Dagen now to obamacare the wall str iling surprises, more surprises for psople with chronic conditions like hepatitis or even hiv. Connell some packns require a patients to pay 50 of the cost of the drugs and Dan Henninger is with us and the article, details nuance, the piece on obamacare is saying this is a cof1 o you are someone you need time to go over it, the web site is not working and highlights what we have b ng about for weeks is di if nothing else obamacare is tun ding out to be a lean ding experience, we are learning a lot about health care ins arera. One thing at the wall street journal is reporting today is some of the premietws may be lo in out of pocket expenses if you have arthritis or hepatitiuld could conceiv, wly be very high 5,000 a year and that is becinsse the dd log cof1 o negotiated with the Insurance Companies and pay a premietw, might be a better packn out thee if you have time to research it. If you go on thin. Lday e ehealthinsurance you have all these details l hd out for you, i cant ever fo15et the first time barack obama came to talk about the bretheydown of the wf site. He said we are discovering gicang heaand hh ins areraife i cof1 o i thought he is discovering this . After they tried to zyeate this enormous system and the reality is there wfrosite is e v, wle t convey most of this information. Dagen when you talk about the obvious 3 wer ase obnowledged problems with the law, whether thketr ree nirement for coverag that cause people to lose their insuraiftis two exaf1 o people on the l, gt talk about t as if you are making it. Like ae ithing wrong with the lt is made up, i cant help but wonder as cof1 o t hat do we dinot 3 wer about it when the employer mandate kicks in a year ly om now . The vast majority of people in this country have ins areraife impa to bed by the flock . You put your finger on something. A b t of psople have come to this experience, not really about pisliticuld it is heaand ins areraife. As you said the president signed aof t thereyour an ideislogica ovomponent. Some of these prices for young people, premietws have to be higher so those premiums can subsidize and have other psople in the system. That is an ideological component. T e ldw this last webam that millennials are turning against obamacare. I dont want to be in ae i oney ideological battle. I want to pay more for pisliticl rea cnsremo cf1 o that is turning people off. Dagen it was sold as a way to fix heaand hh insurance for tho people who didnt have it. It really wasnt gwhong to chane the landscape for most people in this country who have insurance and we are finding out sb wly but surely that is not the case and i wonder a couple ber ofarsm now how much does the landscape look for the whole nation . The majority of psople are saying how am i getting this . I tholk ht this was , wout the e vinsured and my plan has been cancelled because it doebam t cof1 o requirement and you have to pay more sow your high premietws ca ovross subsidize other people somewhere else in america and i think people are putting up their hands and saying i dont want to do this. Ovonnell thank you for coming in. I was going to see whether15u dont know if you ldid it or not, more people said i dont think this can ever woum. Are you there yet . The consumer going into the we yite can access and interfe but the back end, the part where the information gwlys to the ins areraife company and medica and medicaid, protecting that oming it in a way that is accurate gives psople a pi to burtis i dont t throm can do that. Dagen the journal another article reporting on the Medicaid Enrollment because of that very thing. Thank you so much. Need a Christmas Tree . For today only. Ovonnell a great transition. Very simple. Get a Christmas Tree. Get hstapy, america. Thaet out of t instagram so the happiest places to live and there is one states that has two very happy cities in one state. D appen good ndoes is not good news for the stock market. Big netwbers on the econosca, g icarowth, the adb report on employment creation, market doesnt lday e it. T e will tell you coming up and look at how oil is fairing. So ally bank has a raise your rate cd that wothats correct. A rate. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reasons. Ok, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Every day were working to and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 bs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. 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Tdd 18003452550 open an account anrn 300 commissionfree online trades. Call 18886287118 to learn more. You can take charge of your tradg. Nothing, thats what . Thats why i take plosec otc each morning for my frequent heartburn. cause it gives me a big fat zero heartburn. Woo hoo [ male announcer ] prilosec otc. The number one doctor recommended frequent heartburn medicine for 8 straight years. [ larry ] you cant beat zero heartburn. And best of all, it means i can enjoy all the foods i love. Oh, zero heartburn is awesome. Just like zero clery. [ male announcer ] prilosec otc. One pill each morning. 24 hours. Zero heartburn. Connell taking salties dagen related to the story we are doing. Wait for that. Upgrading tiffany and the stock, for 2014. What are shares doing today . Nicole conviction from Goldman Sachs that usually leads to an up arrow and for tiffany it means a new alltime high. 8940, the highest point today traded at 90. 74 a share, tiffany has had a great year as a retailer, also up 56 in the latest Earnings Report in late november, they talk about sales in asia which upset the softness in the states but you do have conviction up from neutral yesterday, jpmorgan raised their target, they have a neutral rating. A quick look at other luxury brands, down arrows lower, worth noting that as the Holiday Season approaches and a lot of commercial items on board for a lot of other retailers the luxury may be a different picture and they are battling it out. Connell it is this season to buy Christmas Trees you would think. Tree sales for the holiday are at a pace that we havent seen in years. People are buying trees like crazy but if you dont have time to buy yourself one, the cone service act everyone is talking about is bringing christmas to you, partner up with home depot to bring the trees to users so you use the apps to do it that way, ten cities across the country have it, 135 to get a free, stand, christmas gift, blackberry limited. Seems like a good idea. Dagen incredible application of technology. And talking about technology you can learn a lot about people from their instagrams, what they ate for dinner and they are analyzing how happy people seem based on their instagram phone 0s. The happiest sitting in the United States is st. Louis, missouri. A lot of smiling faces. Another city in missouri, kansas city, followed by ohio, indianapolis, pittsburgh, new york, los angeles, we will show you why. Why people are not happy. Connell this is a shameless plug for social media. Dagen you i just knocked in the photo. Connell Energy Prices on the rise. Virgin galactic has been and midwest, and the markets. Dagen and spend technology to change the way you see the game. With fidelitys options platform, weve completely integrated every step of the process, making it easier to try filters and strategies. To get a list of equity options. Evaluate them with o p l calculator. And execute faster with our more intuitive trade ticket. Im greg stevens, and i helped create fidelitys options platform. Its one more innovative reason serious investors are oosing fidelity. Now get 200 free trades when you open an account. Where does the United States get most of its ergy . Is it africa . The middle east . Canada . Or the u. S. . The answer is. The u. S. Most of americs energy comes from right here at home. Take the energy quiz. Energy lives here. 24 minutes past the hour, i am jamie colby, this is your fox news minute. Hazardous air pollution forced schools to shut or suspend activities in two eastern chinese cities. People with heart and respiratory conditions have been warned to stay indoors. The build up cause the combination of staggering conditions and outside temperatures. Smoke condition at an arena in mexico city has forced the cancellation of the end game between the San Antonio Spurs and minnesota timber wolves. A generator outside the building functions smoke into the arena. The game will be made up in arizona at a later date. The appearance on tonights espn Sports Center had to be cancelled due to serious news, potential development in the investigation, allegations against a Florida State quarterback, those are your News Headlines on the Fox Business Network. I am jamie colby. Back to Dagen Mcdowell and connell mcshane. Dagen thank you so much. Connell Charles Payne is here. Communication is key and communication equipment companies. Charles so much money on transportation of information and they survived, we talk about communications, i just think the stock is so cheap, give an example, this improve the 43. 6 to 42. 5, thirtynine year earlier, 8 , 2 year over year, i dont think is factored into the stock get and they had contracts in south africa, cablevision or argentina, scotland and denmark and growing up in this country, a small concern for me, people look at these companies have two giant customers, 30 of revenue, pick up those guys on the company. We will pull back a little bit. I am looking for names and extraordinary numbers and growing the market. Dagen will we talk about this later in this halfhour . Get the economy strong enough, wringing hands over Federal Reserve losses . Charles we are making the transition to a faster economy, the period when you hand the fed driven rally to the economy, weeks or months, and the bias will be to the downside. Dagen the fourth. And football. A missed call last week. And new technology on the field for the nfl. Connell cold weather driving that energy, we will have the forecast and latest on the Market Impact coming up as we continue on markets now. No one is talking about a down market but here are some winners on the s p 500. Dagen this is what is coming up on the next halfhour of new technology that can help nfl officials and change the game looks, potentially. Leading the charge as Energy Prices react to the bitter cold in thin the midwest. And not great news for stocks. We will dig into that even further. And a 1 on your christmas list who loves coffee . They gift for them. In short supply this year than even last. Nicole that is right. This will be hot demand item. Seems somewhat irrational to some and for others it seems like the best gift ever. Lets dive into this and talk about what were speaking of. Starbucks making limitededition metal gift card. Here to explain, they made 5000 of these. This year they will be making 1000. They will be preloaded with 400. You are obviously paying a premium. Starbucks has outpaced Dunkin Donuts and mcdonalds. Back to you. Dagen thank you, nicole. Dagen checking in the sports business, did he make the first down or not in the debate we have just about every Football Game at some point. The giantsredskins game recently many fans are now calling for an upgrade. A poll out from the denver post, nearly 65 of fans believing the nfl should upgrade their technology. That solution would be lasers. Dagen gentlemen, grrat to see both of you. All the way down there in miami. Talk about your potential discussion with the nfl, how close they could be to implementing your technology. We can only speak for ourselves, they pretty much have a brand worth billions of dollars. They are in a Due Diligence stage right now. Connell maybe you start somewhere else. Going up to canada or wherever it is t

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