The dow added on 8 points while the s p lost 2. Gold edged up 8 dollars and oil ended down 65 cents. American airlines is ready to settle. Airline officials want a Bankrutpcy Court to approve its deal with regulators so it can merge with us. Airways. A Consumer Group objects over the potentially of higher air fare. The National Catheral in dc will start to charge a 10 tourist fee next year. Time now for trader talk with Glenn Schultz of performance trust. Good morning to you. Hi. How are you . With so much emphasis on the nasdaq potentially closing above 4,000 whats the bond Market Reaction . The bond markets reaction actually has been positive. So were seeing positive correlation between bonds and stocks. That positive correlation is largely being driven by the Federal Reserves quantitative easing program. So we saw the 2 year note yesterday. It went off very favorably. That shows that investors are beginning to believe the Federal Reserves statements with respect to holding long term statements near zero. Now the 10 year note also rallied but what we may see as we go forward and the equity markets push new highs, we may see the 10 year begin to sell off some more on that. So right now the 2 year 10 year spread is about 240 basis pointsso there is room for that to widen. It is a short trading week. Do you expect there will be maybe lighter volume . I think well definitely see lighter volume as we move into the shorter trading week. Its really the tendency of traders to start getting flat before you get into a long holiday weekend. So were gonna see a lot of traders begin to position themselves beginning tuesday and wedenesday for basically the thursday holiday and out on friday and saturday and sunday obviously. So thats a 4 or 5 day period where theyll be looking to be flat. What is the bond market signaling about the economy . If you think about what the bond market is signaling from the economy the traditional way to look at that is again the earlier 210 spread that i talked about. The deeper that spread is is an indication that the economy is picking up and Market Participants view the economy as strong. Part of this is also driven by quantitative easing as i said but if we continue to see a steepening of the 210 year spread, then i think were getting a combined message from the bond market. First, Federal Reserve is going to hold short term rates near zero. And second, its going to work then the outlook for the economy is improving. Thank you glenn. Thank you. A walmart management shake up shocker but its stirring up few worries on wall street. Shares rallied nearly 1 yesterday on surprising news that ceo michael duke will retire early next year. He will be replaced by douglas mcmillion. President of Walmart International february 1st. Roy walton chairman of the board at walmart says this leadership change comes at a time of strength and growth. A morningstar analyst had this to say about the change at the top of the Worlds Largest retailer. There is formidable competition from new Companies Like amazon and even costco and so thats something that has to be on their radar but its not something thats new and i think that theyve still got a lot of the same members in place on their executive team to keep managing the Company Going forward. But to some the timing is troubling. News of a ceo shift is happening just ahead of the critical Holiday Shopping season. Walmart is already offering black friday deals online and is joining the ranks of retailers opening at 6pm on thanksgivingas workers at walmart and other stores and restaurants lament low wages. We want walmart and corporate walmart to say we can do better, we can treat our employees better. one reason why wall street may be applauding walmart is the retailer is stepping up plans to expand in china. The worlds secondlargest clothing retailer plans to improve the lives of its textile workers. H m, says it will pay a living wage to some 850thousand workers by 20 18. The company contends governments are taking too long to implement living wage laws, and hopes the rest of the industy will follow suit. H m manufactures most of its inexpensive clothing in bangladesh. Retailers have been under pressure following a factory collapse there last april that killed nearly 12 hundred people. Blackberrys new interim ceo makes some managment moves at the struggling company. The chief operating and marketing officers are out both were hired by ousted ceo thorsten heins. The company is also replacing its chief financial officer. John chen, th former ceo of sybase, was brought in as an interim ceo but these moves are seen as a prelude to him staying in the top spot. Fiat is putting the brakes on an ipo for chrysler this year. Fiat the majority stakeholder in chrysler says the determination was made after chryslers board spoke with the companys underwriters. The ipo process will reportedly go forward in the First Quarter of 2014, but fiat said in a statement that no assurance can be given that an offfering will be launched. The oil market is rattled by the groundbreaking agreement aimed at holding Irans Nuclear program in check. Phil flynn with Price Futures Group and a fox Business News contributor joins us now. Always good to see your face on our show. Whats happening with these tumbling prices . There was a celebration immediately. Irans oil back on the Global Market and of course the markets reacted as you might expect. A major selloff in the global oil market. But its too bad that we cant solve all the worlds problems that easily and whether people believe it or not, irans deal is gonna be that easy. Its not gonna bring on as much oil as we originally thought. Not a million barrels, maybe 400 thousand. And because of other geopolitical risks hotspots that heated up over the weekend that selloff that we saw may be short lived. Turning now to matters closer to home, people concerned about the price of gas at the pump going into the holidays, whats your prediction . The trend is still down and i know there are people out there that are going to say phil my gas tank went up 30 cents last week i realize that. There was a little bit of a glitch last week as we saw prices go up. Those refinery problems are going to get better. Were gonna resume that downtrend that we came to know and love angie. So maybe 3 dollars yet. Thank you for that upbeat note phil. Boeing is setting a deadline on where production of its triple 7x jet will land. Boeing is setting a deadline on where production of its triple7x jet will land. But boeing says a final decision wont be made until early next year. Boeings original plan to build it in the northwest was rejected by union machinists thereasked to make concessions in exchange for the project. Still, there are many practical reasons why the project may stay in washington. This is a major derivative jet, that is to say it will have alot in common with whats been built in everett for several decades. And as a result if you leave that site behind, you leave all the town and experience that knows how to build that jet, behind. The contract would bring thousands of jobs to the chosen location to build the new triple 7 x. Home sales are down for the 5th month in a row. Its viewed as a sign of slowing in the housing sector following robust Sales Numbers earlier this year. The National Association of realtors reports a. 6 drop in homes sales in october. The Government Shutdown hurt the industry. But also the inventory of available homes on the market is shrinking and the amount of affordable houses is becoming limited. Sears chairman and activist investor Eddie Lampert is reportedly considering selling a big chunk of the company. The New York Post says lampert is considering selling sears canada and is interviewing banks about the possible transaction. Sears canada posted a quarterly loss of 46. 3 million and recently closed its Toronto Flagship store. Amazon is accustomed to getting good pr this time of year primarily because of all the Holiday Hiring the company does. But now comes word of some hits to its reputation. Amazon workers in germany are striking today to protest their low wages. Add to that a bbc investigation where a reporter took an Amazon Holiday hire position. The work was reportedly stressful enough to cause both mental and physcial illness. Amazon refuted claims that its workers are subjected to undue stress. It added that new hires are told the positions can be physically demanding. A new law requiring meat packers list where livestock was born, raised and slaughtered is getting pushback from some in the beef industry. And as our cover story explains, consumers may have to weigh higher meat costs against increased infomation. The law that took effect saturday is designed to keep herds from Different Countries from being combined in us Meat Processing plants. The purpose is to help identify where a potential health risk may have started, and isolate it. The law requires country of origin labelingwhere it was born, raised and eventually slaughtered. Consumer Rights Groups support it. Everyone should know whats in our bodies. It affects our health. God forbid theres an outbreak, i want someone to be able to respond quicker than they have been able to do in the past. But large meatpackers such as cargill and tyson foods objected to the law and filed lawsuits to block itso far, unsuccessfully. We remain hopeful that these new rules will eventually be rescinded, said a spokesman for tyson foods. But bill begale, a chicago butcher for 30years not only supports the new law, he was ahead of it, only buying beef that could be tracked to its point of origin. The processor will have to do it. Itll cost more, which ill have to pay and pass on, so everything goes up a litle bit. The usda says 7. 7 of us beef sold in stores comes from imports. For lamb and mutton, much higherabout 46 . The Us Department of agriculture estimates the additional cost of separating meat packing by country could add as much as 192million dollars to processors. How much more would you be willing to pay, 1 a pound, 2 a pound . 1 a pound. There is a chance that the country of origin law may be repealed as a part of negotiations over the new farm bill, still in congress. Butter ball is hiring men for the first time to field questions on its turkey hotline. In a dishy interview with the ap the ceo of says its because 1 4 calls recieved on the hotline are from men. The number one question is how long does it take to thaw a turkey. The number to call in case you run into trouble cooking your bird is 1800 butterball. An Insurance Company bets big on going green. Zurich insurance says it will invest 1 billion to fight climate change. The Swiss Company will buy green bonds issued by the world bank and others that support green initiatives. In doing so zurich becomes the largest holder of green bonds owning about 10 of the market. The move is seen as a reaction to the growing demand for sociallyaware investing. Still to come is it better to buy shares of tiffany. Or a Little Something to put into the famous blue box a new documentary tracks the money crisis at an popular university. Plus. A startling investigation on brand name drugs versus generics bill moller joins us after this in the know message. For the team tackling healthcare dot gov it will be a working holiday. Cnbc reports the tech team will be required to work through thanksgiving. A spokeswoman for the centers for medicare and Medicaid Services says work is happening 24 7, to get the site fixed by november 30th. On the subject of healthcare lets talk about drug costs. Everybody knows generics are a lot cheaper than name brands but not all patients choose them, they just have more confidence in the more expensive name brand drugs. Turns out, many doctors feel the same way. The independent nonprofit Investigative Organization pro publica found hundreds of doctors who routinely prescribe name brands for their medicare patients, costing taxpayers hundreds of millions of dollars a year. Tracy weber is propublicas Senior Reporter and she joins us via skype. Its important because theres a huge difference between costs here between generics and the name brands. Thats right. Sometimes the name brand drug can be 6,7,10 times more expensive than the generic and we found a small group of doctors were prescribing almost exclusively the most expensive brand names. This was for Medicare Part d and that accounts for about a quarter of all drugs prescribed. Thats right. We decided to look at that program because of that fact and because its such a massive program and you can really see prescribing patterns. Its interesting that some doctors even with the promotion of generics are still choosing brand name drugs. Is that because theres no consequence . Is there because of difference . What are the reasons . You talked to them about this. The doctors said first of all that they believed in the generics but that their patients asked for them. But also we found a Program Within medicare allows for poor patients the to prescribe brand name drugs with a very little copay for their patients. So there is no real incentive for them to prescribe generic. What happens with this information . What do you hope is going to happen . We hope that medicare will take a look at these doctors and maybe do more intervention to have them prescribe more brand names but perhaps also up the copay for this group of poor patients so that it would make it more of an incentive to choose a generic medication. Fascinating research. Tracy weber from propublica thank you so much. Thanks bill coming up. Behind the scenes a cash crisis at one of americas most prestigious universities. Plus the latest box off battle that ends with a new record. Thats after the break. A new record the box office. Fans had a huge appetite for the hunger games sequel catching fire. The film now holds the title as the best opening ever for november. Last weekend at the box office. The hunger games catching fire brought in 161 million, followed by thor the dark world, the best man holiday, delivery man, and free birds. Also appearing at theaters this month at berkeley which is picking up high marks from critics. Famous filmmaker Frederick Wiseman joined recently by skype to talk about his close up on the Education Funding crisis. The new documentary at berkeley gets a close up on a Education Funding crisis. The film was shot over 4 months on the Prestigious University of california , Berkeley Campus and gives a inside glimpse of the reality of education in this country. Joining us now, the filmmaker Frederick Wiseman who is joining us via skype. Good morning and what an honor to have you on our show today. Good morning. Im pleased to be with you. What drew you to make this film about berkeley and its Funding Crisis . Ive been doing a series of films on institutionshigh school, hospital, police department, Welfare Center that sort of thing. And a university seemed to fit with the films that ive been doingit was consistent with the other films. Ive been wanting to do a university for a long time and i wanted to do a Public University and berkeley is one of the great public universities of the world. So i approached the then chancellor and he gave me permission. I hear the film is four hours long but its a great four hours and you actually have an upbeat attitude even though its a very serious subject. How were you able to do that . Its what i found. Obviously the university of california at berkeley was having a serious financial crisis but the chancellor and provost and the rest of the administrative staff were making enormous efforts to maintain the stature and integrity of the university and succeeding. I thought that was very impressive and i thought that was what i should show in the film. As you were making the film, what did you learn about education in this country that relies so heavily on funding. Is the problem capitalism or is it something more . Im not very good at vast generalization as to whether the problem is capitalism. The origin of the problem is a variety of things. Proposition 13 in california which prevented the legislature from raising taxes. Some disinterest on the part of right wing politicianseducation, economic crisis. All those things and many other things contributed to the problem. And the problem exists not only at berkeley but i think at all the Public Education institutions in the country. What do you think the future holds . Well, i dont have a crystal ball but i think as longs as there are people like the administration at berkeley and the professors at berkeley that theyll work very hard to find the best solution possible. What was the best part of making this film . Oh, it was fascinating to be at berkeley for 3 months because its a Great University and after 3 months at berkeley i was ready to go back and become a student. I particularly enjoyed the editing. Each aspect of the filmmaking is fun for me. The shooting is like a sport. Its a lot of exercise. You run around all day collecting sequences. The editing is more contemplative. The shooting took 3 months, the editing took about 14. Youre 83 years young. So whats next . Im working on another film now about the National Gallery in london. Interesting. Well, you are truly an inspiration. Thank you for your time today. Thank you for doing the interview. Chart talk is next. Scott bauer joins us now for chart talk. Good morning scott. What do you think about tiffany going into earnings . Tiffany looks like its still on the rise. The stock has been so strong, so steady. We see retailers in general havent faired very well lately. But the high end sectortiffany is the class of that sector. And the fact that over the last 6,9,12 months the americas have not really added into the bottom line of tiffanys even though we have seen wealth improvement and the economy improve and the stock market improve. I think thats gonna be turned around in this report and going into the next quarter. And i think youre gonna see a sizeable increase in down to the bottom line for the americas. Is this stock still as popular as its been on wall street in recent years . It looks like its been having a strong run. Yes. Tiffany is well liked on wall streetboth as a company and as a stock to trade. Theres high volume, option activity is high. The guys on the floor here see nothing again but the bright side to tiffanys but shouldnt people be cautious of buying the stock when its at such a high level already . You can look all across the s p 500 marketplace over the last 6,9,12 months and all of these stocks that have been at all time highs you can say the same thing about any of them. But tiffany especially because they are the class of the high end retail space. If any of these high end retailers are gonna make it, its gonna be tiffanys. I would have no qualms whatsoever. Thank you scott. Time for us to pack it up for today. Coming up tomorrow the best holiday temp jobs for baby boomers. We hope you will join us. From all of us at first business. Thank you for watching and have a tremendous tuesday now a paid presentation for meaningful beauty advanced by cindy crawford. With special appearances by debra messing. Valere bertinelli. Christa miller. And stars from tvs royal pains and the mentalist. Hosted by network Tv Correspondent Katrina Szish. Brought to you by guthyrenker. Hi, everyone, im beauty and style journalist Katrina Szish on location in beverly hills. In just a few minutes well meet one of the most beautiful women in the world, supermodel cindy crawford. At age 45, cindy still looks impossibly young and gorgeous
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