Transcripts For FBC Markets Now 20131218 : comparemela.com

Transcripts For FBC Markets Now 20131218

Connell we will talk about it in more detail, but it seems they should be allowed to check in. You cannot discriminate for other reasons. Lets check things out at the new york Stock Exchange. Nicole good morning, connell and dagen. Good morning, everybody. Today is fed day. Everybodys waiting to find out what they will or wont tell us this afternoon. A whole panel put together to wait those facts. The dow and s p are posting gains. The loss of more than onetenth . The dow looking good with a gain of one quarter of 1 , s p 50017. 82. Exxon and chevron among the leaders. Oil stocks doing well. They have been pulling back on the big picture. A lot of people waiting on the fed. Connell the state of the economy, a new gallup poll showing a gap between the national satisfaction. Dagen personal satisfaction for us get a 79 are satisfied in their personal lives, just 23 are happy with the state of our nation. Former White House Press secretary under president george w. Bush. This difference isnt surprising, but 80 is usually the level if you are below that level, even that is disturbing. It seems historically that suggests the economy is lagging. We have always had this discrepancy between personal popularity and how people perceive the country. On the one hand that is great, that is what you hoped would happen. It is worse now than it has be been, but always this big gap. Connell now i think it is not even to your point things are changing, people dont like their own congressperson. Why do you think this happens . Are we just caring about our fellow citizens so much . In our personal lives we give a lot of satisfaction. It doesnt personally affect me, so there is this difference between washington for the higgs solutions in which things are failing in our everyday lives and things seem to be successful, if you are falling behind in this economy, you probably have a different perspective. Unemployment rate 7 . He may not like them all, but it is still too high. Dagen it is generally a sign an economy that is extremely weak, late 70s and even early 90s. What would you attribute high unemployment to . And if youre in the white house, do you worry about that . Is one most important measurements that people are ready for change. It all benefits republicans. Much more old and much less minority. It is even lower now than when president obama came into office. Connell is there a chance in terms of the issue they should focus on the midterm elections . Using three out of four people. Those are not those issues like nsa. How people individually were doing, much more of a change. It affects more of the politics. But a personal satisfaction, comes down to things often the government doesnt touch, your family, your faith, your happiness, be sill these are ths that drive individual satisfaction. Dagen it is the biggest mistake they made in the last year . That is obamacare. The rollout was disastrous. They should have been told by the department of health and Human Services is not going to go well, demand it from the very first day, to were first, that he wasnt satisfied. Dagen i would have been furious. Never know what is going on behind closed doors. Look at this, ansi looking at changing the way we look at movies. They now want to see if this is something that will sell with investors. Connell jo ling kent joining us with the word on the big ipo for the movie chain. Amc stock reviewed. Up about 8. 72 . 18. 4 million shares of amc stock price at 18 yesterday, the lowend of 18 to 20 range raising 331 million. It seems the third time is the charm. In 2007 and 2010. It is owned by property giant which bought it last year for 2. 6 billion. Their chairman bellin billina be the worlds richest man with a net worth of 14 billion. Right now Amc Entertainment has interest in 343 theaters in north america as of the end of september. I have 200 million visits each year. Look at other comparable stocks right now in the theater realm, regal, imax cinema, up about 2. 76 and at 3 00 today amc ceo lopez in an interview with liz claman, so tune in for that. Connell thank you. Her the chance of getting a loan, even getting a job, but a new bill senator Elizabeth Warrens backing, it is really aimed at taking the credit check out of the hiring process altogether. Dagen judge Andrew Napolitano here to talk about that with surprising feeling about this. If Elizabeth Warren wants it, you can bet it is an interference of the free choices of consumers and employees in the free market. Why shouldnt an employee or be able to gather whatever information the employer wants when deciding to their people. These are at will employees who can be hired and fired for whatever reason and is not against Public Policy. She wants make it against Public Policy to fire somebody or not to hire them because they have bad credit. Dagen where do you draw the line . Medical records up for grabs by employers. Where such an advocate for privacy and protecting ones privacy. Im an advocate of protecting it from the government. If i dont like the information and employer is asking me as i am applying for the job, i will leave and go somewhere else. These are free choices of employers and employees. They want to take away those free choices. Theres no free choice when the government captures my keystrokes. Connell i would assume in his race, gender, that is what you cannot discriminate against. The employer cannot discriminate on that basis, but suppose employer runs a business where if his employees have problems paying their bills, the business will be harmed, or employees having problems paying the bills will be tempted to look to the employer to pay those bills for them, those are free choices in my view employer ought to be able to make. The flipside of this is the employees should be told we are going to run a credit check on you and we need to know about your health because were about to make a major investment in you. If you dont want to run a credit check or learn about your health, there is the door. But when the government limits free choices, one size fits all, that makes prices go up. Dagen youre okay with them looking at your medical records . We will not hire you if you are sick. Im okay with him asking to look at my medical records and then me making the decision is it worth me revealing to them my medical history in order to be a candidate for this job, or is it not. That freedom should be there for a potential employer. You are assuming they will all do it. I dont think so. Some employers could not care less, like ours, what our Credit Rating is, we have 200 2000 employees here. Dagen i was drug tested at my first job. I was a finance writer and i got drug tested. You cannot take the job he ha. Is there a role in protecting the individual . There is a role protecting them from the government. If the individual has free choices about which employer or potential employer to deal with, no free choices when it comes to dealing with the government. Were stuck with it. Dagen were having a discussion. Creepy . Maybe. Google lets you take a picture. Take a picture with the wink of an eye. Connell ford with the headlines surrounding g gmi have been talking about. Through the automakers planning to do about that coming up. Dagen a huge move the upside to the Housing Starts. Real estate guru talks about that, inventory levels, what is hot, what is not. 97 and change. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spai and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a cplex, global economy. Its just one reason over 70 of our mutu funds beat their0year lipper average t. Rowe price. Invest with confidence. With investment information, risks, fees and expenses to read and consider carefully before investing. Open tinnovation. Open to ambition. Open to boldids. Thats why n york has a new an dozens of tax free zones all acro the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Dagen lets talk a little bit about it. Nicole lets talk about it. Up 13th of 1 , it has been a stellar performer along with some of the other guys like starbucks. Up about 40 . Mcdonalds has a different model to a certain extent but has been pushing for coffee. All four names have a barrows as the s p is up fractionally. We have the ceo of Dunkin Brands on the Fox Business Network in the noon hour with Cheryl Casone and dennis kneale. I am sure they will be talking about a lot of things including duncan brand. Back to you. Connell thank you, nicole. Google introducing a new feature allowing users to take photos by winking and the conclusion is winking is faster and more seamless than voice command or pushing a button or whatever, so this new version includes a screen lock feature. The ability to upload content to youtube, google glass expected to be rolled out officially next year sometime to the public. There is the google stock price. Dagen i am so not into these google glasses. You know the feeling youre working on the fly, on the train, your laptop is going to die and you forgot your charger. 5 of the battery is left, you are looking around, borrow a charger from somebody, they dont have your laptop, none of the chargers will work. The International Electrotechnical commission is coming to the rescue. The organization proposing universal charger that will power up any computer by any manufacturer. Just like the standard micro usb found in most smart phones. They do not such great news for apple. Connell apple likes you to use their own. One of those things that thought existed, but maybe not. We will see how ford went to regain momentum coming up. Dagen a very well known realtor down in miami, she is going to talk about those Housing Starts numbers running at highest levels in about six years, some more inventory. Does she like it . And oil currency. Mmhmm. [ enne revs ] [ male announcer ] oh what fun it is to ride. Get the mercedesbenz your wish list at the winter event going on now but hurry, the offers end december 31st. [ sant] ho, ho, ho [ male announcer ] lease the 2014 glk350 f 419 a month at your local mercedesbenz dealer. 23 minutes past the hour, and jonathan with your fox news minute. Developing news and the middle east, egypt state tv reporting aztec president will be tried on terrorism charges. Prosecutors say he and 35 others including the Muslim Brotherhood top three leaders conspired with foreign groups at military training and other acts undermining egypts stability. Reviewing Nuclear Talks tomorrow with the five permanent members of the u. N. Security council plus germany. This after stalling negotiations for a sanction move. Representative starting the plan to put novembers interim Nuclear Agreement into action. An update on the bomb scare at harvard university, 20yearold student do in federal court for allegedly emailing phony threats. It was all a ploy to get out of a final exam had those are your headlines. Now back to dagen and connell. Dagen thank you. Connell talking a lot about gm, but the ford stock taking a hit today. The target for Global Operating margins also at risk. Dagen jeff flock is in chicago with more on that. Jeff ets go to the headline, which is the stock. Today as soon as the outlook call this morning, the stock took a huge hit. Down a point and a quarter, about 6. 5, 7 . A nasty day for ford. We have the good, the bad and the ugly. It wasnt all bad news this morning. There is a prophet fiesta, 8. 5 lien dollars expected this year. Operating margin and cash flow unfunded pensions will be cut in half, and there will be 16 north america launches in 2013. That is the good news. The bad news, the pensions are still about 10 billion underfunded, their profit margin is the fact that is pretty good is going to be lower based on recall cost for the ford escape. North america will be less profitable next year, which is a really bad sign even though the problem would be between 7 7 8 million. The ugly, it gets worse. 700 million of cash ford has in venezuela, cannot get it out. They will take a huge hit. Europe is going to have huge restructuring costs and the 2014 forecast is for industry up in the u. S. But ford volume is down. Theithe forecast for the middee also they say is at risk. We will talk about the ceo, that is also a cloud over ford right now. Dont want to talk about product, that is what the Company Needs to talk about. Connell you are right, that is ugly. Dagen forget it, it is not going to happen. The ceo of Delta Airlines takes a stand on the phone calls in flight. Connell Katrina Campins will be back with us talking real estate and the housing number today. Stay tuned as we continue your markets now. [ female announcer ] theres one thing daves always wanted to do when he retires keep working, but for himself. So as his financial advisor, i took a look at everything he has. The 401 k . Insurance pies. Even money hes invested elsewhere. Were building a Retirement Plan to help him launch a second career. Daves flight scho. Go dave. When people talk, great things can happen. So start a conversati with an advis whos fully invested in you. Wells fargo advisors. Together well go far. Tdd 188885221342134 tjustaiting to be found. Ties wells fargo advisors. 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Tdd 18888522134 so you can take charge tdd 18888522134 of your trading. Connell we are at the half hour and this is what is still coming up. First, Katrina Campins, she is standing by right now to talk to us about the blockbuster housing number weve already gotten in today. And delta ceo shutting down the talk of inflight calls on flights. Were going to get the thoughts on this decision. A new way of giving, to give and know where your money is going. Before dagen talks to Katrina Campins in a few minutes, we go to nicole. Nicole one is a very big mover today. Looking at fedex. The numbers came out and missed the analyst estimates. The stock not moving too much, working on their delivery options, pricing plans, they have been doing the restructuring, multiyear Restructuring Plan that began last year, their quarterly profit did rise 14 so that is good news. Somewhat of a mixed bag and that is why you see the stock of the unchanged line. You can see it is to the downside not only is it lower, down 21 hitting new lows today. Dagen the largest annual increase since january of 1990. What to make of these numbers. We dont get to see her often enough, but she is so busy. Katrina campins. Great to see you, pretty lady. Dagen based on what you are seeing, how tight or supplies at this point . Todays numbers are an indicator the Real Estate Market is indeed helping the u. S. Economy. Inventory levels are so extremely low throughout the entire nation. Which is why builders are taking the risk and theyre going out and they are starting to build. Another reason why they feel more confident is because the job market is doing better, so some people argue what about Interest Rates rising. They are still historically low. Dagen down in south florida, how much new construction are you starting to see, how much supply is on the market left over from the last building boom before the collapse . Inventory is still pretty low, but we are seeing it little bit because developers are going ahead and starting new projects. South florida is a different animal than the rest of the market because so much is coming from international market. It is definitely continuing to do well. I still see inventory relatively low and i myself convincing soldiers to build because i know i can sell their home. Dagen talk about the buildings going on at the beach, it is one of the buildings down there. Are you seeing most of it being super highend . Or is there some midprice construction going on as well . Some of it is midpriced. Theyre going to look in this area and realize there is a lot of money with individuals coming into this area. So much money is coming from the overseas market into software. A lot coming to the market. Dagen as you said so much activity has been all cash and buyers from overseas. Is there any shift more in favor towards of the local or the u. S. Buyer . Or is it still predominantly international . I am seeing most of the purchasing power coming from new york. The new yorkmiami connection continues to be extremely strong. Because of the weather and tax reasons. We are seeing buyers from texas, from those markets, it is coming from other countries. Dagen have it pulled back a little bit, or is it at one point getting heavy again where you would get it, people were getting into bidding wars over these condominiums. Also the singlefamily home. There was the hitting mentality, but it depends on the area, depends on the product and it depends on how well your price. At the end of the day, the price is the main driver in this market. Dagen are the sellers easier to convince too pricey properties to move . That was so difficult during once the market started tipping over, i have to get what i paid for this property. Are they

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