tv Markets Now FOX Business November 8, 2013 1:00pm-3:01pm EST
shoreline. adam: stung in the grocery aisle. with all monday prices hovering at eight year highs, there is threat to the price of granola bars. the surprising culprit. honeybee and who is getting stung. lori: we hope you stay with us. straight to the floor of the new york stock exchange and nicole petallides. stocks, bouncing back here after yesterday's sharp declines. >> right. we're see you now that the dow is up about 88 points here at the moment at 15,682. nasdaq and s&p holding up nice gains. nasdaq nice move but still down for the week up 1.4%. we got in the monthly jobs report, but first seemed like good news but you knew the labor participation rate is still at lows we haven't seen since 1978. here is a one-week chart for you as the dow and s&p working here to squeeze out gains for the week. we'll see whether or not they actually do that. we'll see if they actually gain the risks of snapping a fourth
straight weeks of gains for the s&p 500. for the dow it will extend the to five straight weeks of gains. as i noted the nasdaq still on track for a little bit of weakness for this week overall. down about .2% to the downside. that is what we're looking at big picture. the job reports moved several sectors. insurance and financials were moving well. you had homebuilders going back. back to you. lori: nicole, thank you. adam: as nicole mentioned, the jobs report, it was some better than expected news out of the latest job numbers for october. but the picture is not all that rosy. peter barnes joins us from the white house to break down those numbers. >> adam, that's right. non-farm payrolls came out 200,000 during the october, the shutdown month. analysts were expecting consensus was 125,000. though the labor department, bureau of labor statistics says the government shutdown does not appear to have hit private
sector employers very hard last% month. quote, no discernible impacts according to the head of the bureau but in a separate survey the unemployment rate rose to 7.3%, and it, as expected, up from 7.2 in september. in part because of the government shutdown. there is some different methodologies that were used in these two reports. the for your weekend reading, here is the six-page technical memo, and you can get it at the labor department website. go for it. now there were some revisions to august and septembers non-farm payroll numbers that totaled additional 60,000 jobs than previously reported. of course the report gave, ginned up the partisan battles here in washington. the president's top economist said that had there not been a government shutdown the jobs han better and he blamed republicans. take a listen. >> it's hard to look at any one indicator and, you know, infer
exactly what happened but, i don't think there could be anyone who debates that the government shutdown and brinksmanship over the debt limit hurt the economy in the month of october and that we would have been able to do even better were it not for them but you know i also think we have a very resilient private sector in the american economy. >> but house speaker john boehner fired back and said, quote, while it's good sign that more americans found work last month than some predicted, wages are still stagnant and millions of families and workers are facing cancellation notices and higher premiums because of obamacare. adam and lori. adam: all right, peter, thank you very much. so the 204,000 jobs added last month blew away expectations but you won't believe how far off the biggest banks were with their estimates. deutsche bank and city group had the highest estimates at 130,000. barclays was in line with
consensus, 125,000. our guest yesterday andrew from south bay research was on more bearish size, 104,000. jpmorgan with 175 -- 75,000 estimate, the actual number nearly tripled that. lori: get to the bottom of that. whopping 132,000 americans dropped out of the bore force last month. bringing labor participation rate to a 35-year low. at this pace people out of the workforce will surpass working americans in four years. how concerned should we be to america's shrinking workforce? let's pose that question to brian wesbury, first trust advisors. always great to see you. >> good to be here, lori. lori: share us your thoughts on why so many banks and economists missed mark with their forecasts? is it perhaps, why did they, maybe i put it to you this way, expect that the shutdown would have rippled into the private
sector more than it really did clearly? >> yeah, well you know what? i'm one of those. i think it's a little unfair to pick on one month's number but nonetheless they did. they overestimated the impact of the shutdown. we kept saying the no way the shutdown will lead to recession. all this default talk wasn't going to cause the economy to crumble. so today i think, even though the numbers were above what we thought they would be, what banks thought they would be i think it's a really good sign a great sign that the private sector is doing as well as it is. what is interesting to me how political every economic number has become. so democrats wanted a weak number because of the shutdown. republicans wanted a weak number because of obamacare. lori: right. >> and we economists are caught in the firing line. lori: sure. >> everybody wants to shoot at us. lori: seems like companies are ignoring all due respect all of you and doing what they deem necessary saying you know what? our bottom lines are growing.
earnings are pretty decent. people are spending money. pick it up, brian. >> well, that's true. we're getting into the weeds here but there's 140 million americans that have jobs. there are 300 million people in the country. missing by 100,000 isn't a lot, believe it or not. it's a very, teeny, teeny percentage. even if we were under a little bit this month, we might be over a little bit next month. the bottom line when you stretch it out, the private sector in the u.s. added jobs for 42 months in a row now. i call it a plow horse economy. because we should be adding a lot more than we are but we're still growing. believe it or not the entrepreneur in america, the business people as you just put them, the real, true, innovators and creators, they could care less about all this politics. they're writing new apps. they're inventing the cloud. they're figuring out how to frack wells better. that is really what is driving the economy.
lori: you still do have 37.5% of americans not even looking for work. >> right. lori: i think you alluded to this earlier in our discussion. the labor participation rate at a 35-year low. that is extremely troubling yet we did see the number of non-farm payrolls added to the economy. how do you reconcile two parts of this report? >> i think there's a couple of things going on here, lori. the number one, the united states is aging. more and more people, the population 65 and older is going up about three times faster than the overall population. the baby boomers are getting old. i know it because i'm the tail end of them. but, that's one thing. on the other end, younger people are working less than they used to, partly because the minimum wage is so high and people find out not to hire unskilled labor. also because there's more people in college today. you can get college grants and loans a lot easier.
so, people would rather go to college than work, i mean we all remember those days. and that, so on both ends. in the middle we have the longest unemployment benefits we've had in a long, long time. we pay a lot of people not to work. and the bottom line is, i think we're moveing a lot of people out of the labor force and that's showing up in the data. lori: brian, i need the take what it says about the fed and taper discussion. >> sure. lori: because ahead of the open, right when the report was released, saw awe big reaction, interest rates shooting up. they have backed down some. futures were way down obviously, well, market's up. that is reversed now. so explain the market reaction here. >> yeah. i mean the general drift here the better the economic data gets, right, lori, the more likely the fed is to sort of taper or end quantitative easing. and so the market gets very worried about that. i think in the long run, it is not qe driving profits or
quantitative easing. it has really been the entrepreneur and innovation. so as a result, i think the fed can bo ahead and taper. i think the economy will still grow. one caution, i don't believe a lot of this tapering talk coming out of the fed right now. remember, that janet yellen has some enemies in the senate to so speak don't want her as heading the fed. they're trying to let this noise out about tapering to make it easier for her to be confirmed. lori: thank you. that is an interesting take. brian wesbury, have a good weekend. >> thank you. >> mention this quickly, swinging wildly in reaction to the jobs report. 10-year-year-old, benchmark, at 2.72%. that is the highest level in about a month. looking out the curve, 30 year yield also jumped on the news, there you go, 3.83, 4%. adam: gold dropped on the jobs
data. fox news contributor phil flynn is on the floor of the cme. gold is at the lowest level in nearly a month. can we count on it staying there? >> not necessarily unless you count on the yields lori mentioned staying where they're at. the stock market don't really believe this jobs report totally. either that or they believe higher yields will slow down the stock market run. whatever it is, it is an unusual move but we're at lowest level we've seen in almost a month some they're under a lot of pressure. if you look at some of the other metals, silver is getting hit even harder than that right now. it is down 36 cents. so the metals as a group under a lot of pressure sure on the fears of tapering and stronger dollar. now the industrial metals they're hanging in there a little better. look at copper. where did my copper go? it is here somewhere. those are holding up pretty food in the range. platinum market and palladium
are doing very, very strong. they're holding up better on industrial side than the precious metal side. adam: phil flynn, what you say is as good as gold but we'll say platinum. >> there you go. thank you. lori: other market moving news, criticizing french president hollande saying his policies will not substantially improve the economy. it is third-rating cut for france since he was elected in 2012. the news weighing on european stocks. cac 40 in paris seeing the biggest drop among the three major markets in europe. adam: sorry, so sorry. the president apologizes to people who lost their current health plans as a bipartisan team of senators looks to delay the individual mandate for one year. lori: meantime, new york fed president bill dudley blasting the big banks. ahead his scathing criticism on the deep-seeded cultural and ethical failures he says. adam: the day after we'll get a check on twitter's shares.
can. lori: blackberry may be losing money these days but looks like they still have enough cash to give them their interim, give their interim ceo a big pay day. john chen will be getting one million in base pay with a possible bonus twice that amount. not to mention he will also be paid with stocks awards worth up to $85 million. with all that comp let's hope he gets blackberry in the black. chen was previously credited with turning around sybase in the 90's before it was sold to s&p in 2010. >> nicole petallides is on the floor of nyse. we're all asking and we know what it happening with twitter today. what have you got for us? >> watching twitter, it is a $26 ipo of the had a wide range yesterday. went up to 50 bucks and down to 44 and closed a little bit higher. now it is pulling back some from
yesterday's huge gains. however that being said the analysts seeing mixed, some putting sell ratings and thinking it is overvalued on anything above 40 bucks. so at 42.80 they still think it is too much. the other thing we're taking a look at is market cap. it is ranking pretty high in market cap. it would actually rate ahead of aetna, delta and kellogg if 2 were to stay at 44.90 range. it pulled back a little bit. it shows you, really came on the block. is it really that big? quick peek here at groupon. groupon coming out with their numbers. wider loss. sales that were below. they are working on a new website. up 7.7% for groupon. >> nicole petallides, thank you. >> thanks. lori: lawmakers across the aisle on capitol hill are calling for a one year delay of the obamacare individual mandate. as president obama apologizes to americans losing their current plans.
rich edson joins from us washington, d.c. with the latest on this. rich? >> president obama says he is sorry. he promised americans his health care overhaul would insure they could keep their insurance plans. amid cancellation notices and sagging approval ratings the president apologized and says his administration will address these cancellations. spokesperson for house speaker john boehner writes, we are highly skeptical there is anything the president can do ad administrate tiffly to keep his pledge that would be both legal and effective. that is why he should work with congress to supports bipartisan legislation that fulfills his promise and allows insurance companies continue to with the plans so many americans like and can afford. there is bipartisan effort to delay the requirement that nearly every american have health insurance. senator mark kirk and democratic colleague joe manchin introduced a bill to delay the individual mandate for one year. the administration continues selling the law. hhalth and human services secretary kathleen sebelius is in atlanta where she addressed the botch the rollout of
healthcare.gov. >> i have said repeatedly that the rollout has been very flawed, frustrating millions of americans who desperately want and need health insurance. they want to know what their options are and and i have apologized for those technical glitches. >> now two republicans, senators chuck grassley and orrin hatch claim the washington, d.c. exchange, separate from the federal exchange can confirm only five enrollees weeks after the site's launch. the administration said as far as the federal exchange is concerned, all the earlier numbers are not reliable. they will release the reliable numbers at some point next week. back to you. lori: can't wait for that. that will be headline-turning. adam: november 30th. that was the deadline kathleen sebelius said. they will have it all fixed by november 30th. time is running out. thank you, rich. challenging the record books a superstorm ravaging asia with one of the highest wind speeds
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lori: news alert. take a look at these pictures. the philippines continues to be battered by one of the worst typhoons, just about the worst typhoon in history. four people confirmed dead. hundred of thousands have been evacuated. the storm shows no signs of slowing down. to fox's rick reichmuth live from our weather center. rick. >> lori, the philippines will see the rain taper off. it will be a while before we get a good idea of damage caused there. the areas hardest hit are completely cut out from communication. we're not getting in reports from them. over the next day we'll get much more scarier pictures. hopefully not but very possibly we'll see the fatality list that will grow a bit. this is the third typhoon hit the philippines this year. few weeks ago they had a hurricane, excuse me, earthquake that hit the same area. people were living outside in
makeshift shelters and susceptible to this kind of a term. this 195 miles per hour would make it strongest system to make landfall on earth. the prior record was hurricane camille, 190 mile-an-hour winds in the u.s. central gulf coast. this look likes the fourth strongest storm ever seen on the planlet. made landfall at its peak intensity. that with are why i think we're going to see continued problems. the center of the storm is moving toward the south china sea. we'll see a second landfall along the coast of vietnam, sometime saturday into sunday. you will see a lot of coast lined of vietnam dealing with that. they will get very torrential rainfall. a big impact coming this weekend. we're not done with this storm yet. unfortunately another country will be hit by it this weekend. lori. lori: what a monster, thank you. >> you bet. adam: we'll talk about another natural disaster. this one three years ago. it has been three years ago since the major earthquake
rocked japan that create ad tsunami that washed five tons of debris into the pacific ocean. even after all this sometime we're not out of the woods yet. the massive amount of debris still making its way to the west coast of the united states. our next guest says it won't stop for at least a few more years. john chapman university of oregon professor of fisheries. welcome to the program. thank you very much. we get mixed reports on this. should we be concerned? should we not be concerned? there was report a massive island the size of texas. that was inaccurate. you get reports from the government if you fly over you can't really see much so which is it? >> it is true that if you fly over it you can't see much but if you had a dirt floor you wouldn't see all the dirt. you would see each individual fleck but it would be there. we know it is there and there is a lot out there. and the amount that left japan we don't really know how much it was. we know it was huge. well scientists hate that because we don't really know how much it is but we can measure
the other end of it. so we're not oceanographers. i'm not an oceanographer but we measure, try to measure how much is coming on to our shores an the amount coming on to our shores -- adam: let me interrupt you. what is the threat, if any, and i say if any, to the united states? this stuff isn't radioactive. it has been, we've been told that the radioactive water that may wash ashore from the fukushima area has actually been diluted to the point where at least scientists are telling us it is not dangerous. so what's the danger if any? >> well there's concern, a risk. we have lots of introductions on this coast of marine organisms that are really bad and this debris coming across, some of it has things that we have never seen on this coast before. we want to watch it. we want to see what is on there. we can't do anything about it because it gets away every time. we can't catch it.
adam: i read brown algae doesn't grow on this side of the pacific, but gross on japanese side of the pacific, they make soup from it, that is kind of stuff coming our way. >> yes. that actually brown algae is introduced into southern california is spreading north and we're worried about it. all of sudden we get a hit right here already. so yeah, that is a good example. adam: what about i used to live along one of the great lakes, zebra mussels not from japan not indigenous to the united states. they were brought in. is that kind of thing, trip three years in the making on western shores of the united states, a kind of must sell we haven't seen before? >> well, yes, of course. but the zebra must sell a little special. it had already been doing reeledly bad things in other parts of the world before it came here. we knew to watch out for that. the brown algae you're talking about that did that too in
new zealand and australia. a big problem there so we're worried about that. mr. is species that we found are like that. invaded other places and done bad things. we never know what they will do. that is the problem. adam: i'm in an industry that usually goes to the negative. washing ashore could do good things? >> well, we tried to bring those already and we're trying to protect the ones that do ood things ourselves. oysters are a good example. there are marine sheep and we're trying to protect them from all these other things that could come along the odds of bringing a good thing among all the other things are pretty low. adam: all right. i'm going to leave it at that not feeling too reassured. john chapman, we appreciate you joining us to help explain some of what is washing up on the western coast. >> thank you for having me. lori: okay. back to economics with this breaking news item. atlanta's federal reserve bank president dennis lockhart speaking out on today's better
than expected jobs report. lockhart calling the report, quote, encouraging but oncer we should not draw too many profound conclusions from one month's number. all they revised couple months too. we're not just talking about one month. anyway, lockhart goes on to say do not rule out a december taper but data between now and then will still have some noise. these comments coming from a q&a session after a speech in mississippi. the dow up one hundred points. adam: we talk about taper but not as if federal reserve will raise interest rates anytime soon. lori: monetary policy with dual mandates to control prices of full unemployment. full employment. so used to saying. got a lot of fed speak today. bernanke speaks later today. we'll bring you that. adam: you bring up the employment picture since we're speaking about the jobs and job report. stocks have a boost after being delayed by the government shut down. with data like this maybe we
should close the government every other week? lori: beauty secrets ahead. the harvard business graduate behind what made their samples in a box company so successful. adam: beehives for rent. desperate length california almond growers are going to in an effort to keep the favorite granola bars and other snacks in the grocery aisle. ♪
2,004,000 jobs last month, above the kind of expectations. tapering sooner than later, the markets are sharing the news let's head to nicole petallides on the floor of the new york stock exchange for more inspiration. nicole: we have been watching the markets. this is a leading dow component up 3.1%. they cannot with carter lee revenue beating expectations. it jumped 12%. higher spending at the theme park ultimately for disney as well. iif you are looking for "star wars" film, that has been pushed back. adam: 2015. all right. we will wait. they are already lining up.
lori: the country's corn crop will be a record setter at 30% bigger than it was last year but still may not be enough to satisfy growing global demand. let's head down to sandra smith at the pits of the cme for reaction to it. sandra: last month in october, these markets were not given the usual usda monthly crop report. the first time in 147 years and it happened during harvest so that was a big struggle for traders on the floor. it is a new record. it fell short of the market -@expectations u up 14 billion bushels, but still bigger than expected, 30% bigger than last year's harvest. that would normally be bearish for the markets, corn prices however are up today because export number, expectations
up 14%. what is happening is the u.s. is trying to meet global rising demand for corn that doesn't do anything from the corn that we eat, and was that eat it to our gas tank in the form of ethanol but they cannot keep up with demand. a big shocker for the market. soybean prices up $0.20, and wheat down. affecting a lot of the agricultural stock names as well. back to you guys. lori: thank you. adam: the bees are not as busy as they used to be. the population has declined by more than 30%, the united states is feeling the sting, especially farmers all the way to your grocery store. directodirector of the center fr pollination research at penn state joins us now. i would imagine the beehives are
actually busier than ever, are they not? >> yes, they are. they have to do a lot more work these days. adam: the fact the bees pollinate the crops, is there no other way to pollinate beyond the bees? they are renting hives to pollinate the crop, is there another way to do that? >> not really. almonds are 100% dependent on bees for pollination. unless you wanted to switch to hand pollination, your dependent on bees to do that. it is not just almonds. adam: what else? >> basically all of your fruits and vegetables and nuts are using pollinators to produce the foods that we eat. a lot of the most nutritious and tasty as foods we have i a supermarket are coming from bees
and other pollinators. adam: we keep on reading about the collapse of beehives. is this worldwide or just in the united states. what is causing it? >> it is pretty much worldwide. u.s. and europe it has beee documented mostly and also reports out of africa they are seeing declines in the population. basically in the u.s. over the last couple of years they found beekeepers are losing 30% of their hives every winter. it is economically devastating for the beekeepers. the problem is there is no single problem the bees are dealing with. it is a complex of factors. parasites and pesticides, lot of viruses are circulating in the populations and also nutrition, so they are like us, they need to have a good diet to be healthy, they need lots of
flowers and plants they can seed from. adam: if we are losing 30% of the colonies in the winter as opposed to the average which used to be 10%, is there not a way to build new colonies, doesn't have to do with gettingf thing? >> basically that is what the beekeepers have been doing. they are very resourceful. they have been able to deal with these 30% losses, but once it gets higher than that, becomes almost impossible to split enough colonies. adam: is the pace of collapse growing or is it stabilizing at 30%? >> it has been about 30% going up and down around that for the last five or six years. it does not seem to be getting any better but so far has not been getting any worse.
adam: not getting worst is not sound like an optimistic way to end but it is better. thank you very much. >> thank you. lori: a love your point about the queen bee. there always has to be one. blasting big banks of a few choice words about the culture of the financial institutions. adam: paying diddley squat. freeride in moscow all in the name of good health and the winter olympics. when does your work end? does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or when your company's bought anoer? is it over after you've given back?
>> i am jo ling kent with your fox business brief. jpmorgan chase cutting 4000 consumer mortgage jobs by the end of this year, a full year earlier than the bank announced in february. on top of the jobs eliminated, jpmorgan is on pace to cut 15,000 jobs this year. consumer sentiment fell to a premiere reading 72.0. down from the final reading of october of 73.2. the lowest level since december of 2011. university of michigan index found many low income households worried about their job prospects. nbc signed a deal for the first commercial space tourism flight. virgin founder himself and two adult children will be the first
lori: when it comes to restore the country's largest financial institution, it is all about trust. this is part of the criticism for new york federal reserve president, so what banks is he referring to and what else to the top official have to say? here is elizabeth macdonald. liz: pretty withering remarks. an aggressive speech at nyu law school. saying the following, the big banks should be blamed for ethical lapse. he wants a cultural shift to take place. he says many large financial institutions display an apparent lack of respect for law, regulation and the public trust.
critics coming back like the former investment banker saying it is about time, but he did say props up, he would not have heard these comments from tim geithner who ran the new york fed. adam: if you go back to the 619 page report, a look at goldman sachs, deutsche bank and the way they were selling product to unsuspecting clients, and it adds evidence of what he is talking about. liz: he was a former partner at goldman sachs. the regulators missed the financial crisis, the hiding in plain sight, people knew about and the regulators did nothing about and the safety net into the too big to fail system now in place in the united states.
we talked about this, i tell you something, he is now saying he is not convinced too big to fail should go away. they are needed to be big because they have to service their big global clients. lori: five years after the financial crisis just coming out with these comments now. is there political motivation behind it to push some of this dodd-frank regulatioo through? liz: it is a good point, why now. no banks were named explicitly in his speech. he did not say any of the banks. getting back to the too big to fail question, here' here is whe is saying, saying quickly bank of america and jpmorgan chase rank ninth and tenth on the top 10 biggest global banks. their argument is there are bigger banks overseas we are competing against, don't break us up. adam: is this from the stress
test in europe and in the united states, there is mixed signals to how big it could be right now. liz: pay the bankers in debt, basically more prudent for how to manage their balance sheets. adam: thank you very much. we do this every 15 minutes, back to the new york stock exchange. nicole petallides, do we have nicole? nicole: i am here. we pick his brain plenty. a lot of the traders have been looking at the market we have been watching. the dow jones industrial sections highs, 15,701. a gain of 108 points and continuing the winning streak we have seen recently four of the major market averages.
right now you can see s&p is up 1 full percentage point. the day after they seem to have a twitter hangover to a certain extent. i have shared notes, this is the busiest ipo we have seen since 2007. it certainly has been a busy week. yesterday pulled back from the big gain, still above the $26 ipo price. back to you. lori: that is a good sign. in moscow, you don't have to pay squat. if you do 30 squats before boarding a train, your subway ticket is free. typical is 30, so each squat is worth one.
thrilled to have you in the studio this afternoon. for the concept here is to let your customers sample items before committing to purchasing the full-size bottle which these days they can backup a pretty penny. >> we realize the internet is a great place to transact for things. a hard place to buy beauty products because women wants to try and touch things. it is easiest place to shop. we wanted to make the discovery easy and we wanted to use the internet's with thought of how can we help you discover. you need to try the product. we will teach about the product's recent articles and videos and then we mmke it so easy to buy. we teach you about it and everything is available to buy in our house. lori: you sign up, you fill in some boxes that you are able to describe yourself, what you're interested in and you customize each box?
>> customer sign-up and fill in a beauty profile. they tell us about themselves, their age, their style, skintone and type. it is a short questionnaire, but we can cover the products they receive and send them things they are most likely to love. we have launched a little over three years ago and have over 400,000 subscribers today and have expanded into four countries. lori: tell me about your with cosmetics and beauty cream providers. how do you build up your resource selection? >> we were not beauty industry people, but we had this idea we could create a business that was an roi positive tool for the entire industry. we reached really highs in the very beginning, and today we have an incredible relationship because we are so focused on the value proposition to brand speed
we make sure we are the best place for that sample. lori: are they charging you for those samples are just an advertising mechanism to get the word out? >> think of us more as marketing and retail company. they think of us as a great place to put a sample out there because before you never knew who was getting the sample and did not know how it was turning into a sale. with those we know who is getting it, the customer paying and buying it. lori: will they ask a come back the full-size product? >> yes, they do. half will buy the full-size version of the product they sample. lori: where do you stand now with the financials, are you profitable? >> as you mentioned we have not financed in a few years. we have always been laser focused on building a big business that can be a standalone business but we will continue to expand on growth.
we are investing in those heavily. we have ambitious dreams. beauty is a huge industry, $40 billion in the u.s. and we're building the best place to shop for beauty online. lori: you are the best advertisers you can have. a pleasure to meet both of you and best of luck. >> thank you. adam: from that to the guy. the campaign has turned the month of november and to mo-vember to raise money for men's health programs. u.s. director of mo-vember joins us in the next hour. who knew growing a mustache could do so much good and raise so much cash. change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.?
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better than expected jobs report. not so fast. lindsey piegza stearn agee economist says the devil is in the details. which details in particular? she will tell us in a moment. adam: it comes to a presidential apology. he is sorry to health place market participants. at the same time some in congress are pushing to delay the registration penalty. the latest on the obamacare drama. >> don't bring out the light say per yet. delays in release of "star wars vii." that means fans and investors not so happen. first top of the hour. let's get you updated on markets. for that we go to nicole petallides on floor of the new york stock exchange. we have a nice rally with the dow up 100 points. >> right, not too far off session
nasdaq is up 1% and s&p 500 up one full percentage point. right now we're seeing dow and s&p clocking in week to date gains. nasdaq is still down for the week. that being said we're watching financial sector doing so well. financials have been leading the way. there is obviously expectation of fed tapering. that really boosted financials and also some of the insurers like metlife. look here quickly at jpmorgan. they are saying they will cut jpmorgan. they will cut 15,000 in the retail unit. moving to electronics from mobile deposits, online accounts, teller machines, fewer people in the branches. adam: nicole petallides. thank you. the october jobs report easily beating estimates and adding 204,000 non-farm payroll positions during the month. lindsay piegza, stern agree
economist says, quote, thh devil is in the details. this jobs report further muddles the for further fed policy. good to see you you. >> thanks for having me. adam: which devil in the details do we need ton aware. >> that was quite impressive, at 204,000 by far beating estimates of 22 -- 120,000. what this does, muddles the waters. it has very little improvement in longer term trend. we're very same point at the start of the year and clear weakness throughout the past 12 months. >> i understand the weakness. what is confusing in a lot of people, in my hometown, the participation rate, is at 35-year low. explain to me how we can have fewer people taking part in the workforce and have a positive jobs report? >> well, we're still seeing positive job creation but when
we talk about the participation rate, that is more of a reflection the decline in unemployment rate. remember there are two different surveys, the establishment survey and the household survey. we saw a decline in the labor force by over 700,000. but decline in household employment by even more. that is where we saw the .1 increase in the unemployment rate. taking a step back and broader picture decline unemployment rate since the start of the year at 8% that is part of reflection of millions of americans dropping out of the labor force. rather than reflection of putting americans back into the labor force. adam: who is dropping out? baby boomers that are retiring or some other age group. >> that is so interesting. a lot of report say, these people dropping out they are in the offs, near retirement age that is actually not true. participation rate for 55 and older that is increasing. where we're seeing majority of dropouts is 25 and 45. we assume these individuals with several potential income earning
years still left will eventually move back into the labor force but at this time they view conditions as very poor and they have opted not to look for a employment at this time. adam: so if we're watching 25 to 45-year-olds dropping out, i imagine folks at federal reserve are saying, something you can't say on prime-time television? >> i think you're very right. they're looking at the decline in the unemployment rate in the context of the broader economy and the context of the broader conditions of the labor market. so the fed is looking at that decline and saying well, you know what? it is really not a true reflection what we're seeing happen in the labor market. if we look at augmented unemployment rate and includes part-time work and discouraged workers, that paints a much more dismal picture and increases from 13.6 to 13.8 in the most recent october report. adam: given what you just said, anybody who expects tapering in december should not put money on the table, they would be wrong, correct? >> i think the fed is very much in the position of they're going
to wait and see. remember they don't want one or two months of plus 200,000 non-farm payrolls. they want consecutive, consistent growth. not meaning two out of the past six months but six consecutive months of very strong numbers. so i suspect the fed will wait until 2014. adam: all right, lindsey, thank you very much for joining us from minneapolis. >> thank you. lori: big news in the commodities pit today. everybody reacting to the crop report. u.s. corn production will set a record this year but growing global demand will drive down inventories according to the usda. sandra smith joins from us the pits of the cme with today's trade. the other important factor we skipped the last crop report because of the shutdown. >> that was a huge deal not only for traders that missed out on the monthly report that does move the markets but if you're a farmer you will not know how to hedge your current position. also not going to know if you're a restaurant chain looking for food prices. there was so much uncertainty when the the usda didn't release
the crop report for first time in 14years. we're getting decent reaction in the market to this crop report. you will see corn prices moving up by a percent. soybean prices up a couple of percent. wheat prices moving up. we get a report from the government, this year's corn harvest will be largest ever, record harvest, prices go up. contrary to what you think. it wasn't as big of a new record as the market were anticipating. they were anticipating 14 billion bushels. the number came in 13.98 billion bushels. that was bigger than previous forecast two months prior to that. guys that is 13% more corn expected to be harvested than last year. so there is a record corn crop that's out there right now but still a lot of concern that is not going to be rising global demand that is the other big number in the report. export expectations for corn, remember we're the largest exporter of corn in the world. a lot of countries depend on us
to provide corn. export expectations up 14% in this report. that means we're produceing a record corn harvest but the world is consuming more and more. by the way, lori, adam, as i it pass it back to you, looking at reaction in the commodity market, monsanto, potash, agricultural names moving way to the upside. you get corn prices higher, a expectation of a lot of corn seed fetter liar producers will thrive on this -- fertilizer. lori: anything and everything i want to know about corn. thank you, sandra. great stuff. >> thanks, lori. lori: an eight-day trial to determine detroit's eligibility for bankruptcy coming to a close. arguments by the city, union groups and pension fund are underway as bond insurers filed suit against detroit over october 1st default on voter approved bond. the lawsuit claims that the city violated michigan law using bond payment taxes for operations. insurers are requesting that the
court set aside property taxes specifically for bondholder payments. adam: twitter hanksover. it was hottest ipo of the year. how is it feel tag? want to know? we take the temperature of twitter investors one day after. lori: trucker, boxcar, handlebar. i'm talking about moustaches. how they have turned not shaving into serious fund-raising. first as we do every day at this time show you how oil is trading. it is up 39 cents. 94.55 a barrel. back in a moment. when we made our commitment to the gulf, bp had two big goals:
we've addedutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling acvity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. and this park is the inside of your body. see, the special psyllium fir in metamucil actually gels to trap some car to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber.
lori: it is time to make money with charles payne. this hour he has a new investment for your portfolio. what stock caught your eye this time. >> twitter, right, sucking up all the oxygen in the air from the high-flyers and ipos. this is newbie finally reported after the bell. beat by seven cents. beat revenue. company called fire eye. here's the thing. we know we need internet security. we know the cloud is growing. mobile is growing. they have a product that is the complete package and covers -- sounds like a marvel character.
adam: i'm oculus i'm imcoming to get you. >> we're impressed. enterprise systems, government systems and obamacare website exchange and some security threats there. i like their business model. they sell products but have a subscription service part of that growing rapidly. that is nice recurring revenues with high margins. it might be at this stage more volatile than say a normal stock because it is relatively new. the difference between this and twitter we're starting to see execution. adam: did you you say they beat on earnings and positive earnings? >> no, they're losing money. they should make money next year. that's a great point. they came in well ahead of what wall street anticipated. >> do they have competitors? >> oh, yeah, this is very big, competitive space but they claim they have some things that no one else has with respect to the packet that is they put together. that is one the things that attracted me to it.
a lot of people have claims, this is called a continuous protection platform. lori: consumer or business product. >> business and governments mostly. large enterprises and governments and you know, i just feel like, here's the thing, we talk about cyber espionage and cybercrime. five years ago it was all about worms and viruses. it is so much more complicated and dynamic trojans and. adam: old software companies will be enterprise. for you and me in business it will be the cloud. you need something like this. >> you need something like this. we find out all the time how vulnerable it is. the rush to get to the cloud is one thing. the rush to protect it is lagging. hence the possibility for these guys to do extraordinarily a well. lori: thanks, charles. >> i thought i would mix it up. lori: a new one, thanks. >> thanks. adam: time to check the markets again with nicole petallides on floor of the new york stock exchange. taking a look at twitter and down she goes a little bit? >> indeed we're watching it hold
the $42 line. it traded as low as $42.05 down $2.62 and a loss of nearly 6%. yesterday it traded as high as $50.09 a share. you've seen it moving back and forth. the low was 44. we have broke through that today. the market cap here is roughly 23 billion which puts it ahead of many names in the s&p 500 and similar to aetna, at 23 billion or so, delta air lines just under that level. and kellogg. so though we are not seeing a profitable company you are seeing a huge market cap. obviously there are some people who think it is overvalued. many who think over 40 bucks is overvalued. certainly it was hotly anticipated. you have celebrities, heads of state, businesses, everyone on twitter. more than 500 million tweets daily. meantime people are saying hey, maybe i will get in on this one and others who want to get out
now. obviously because the ipo price is 26 bucks. still a great performance for the week if you were lucky to get it around this level. adam: lucky insiders. nicole petallides, thank you very much. see you in 15 minutes. lori: hot ipo market. "wall street journal" had a blurb that jack doors say's square are considering doing public offering. it is not profitable either but who cares in this climate. adam: cell phone and boom, pay. lori: exactly. we'll talk commodities once again. nat-gas fueling stations. wave of the future or line item losses? ceo of clean energy fuels is here with how the company hopes to capitalize what he calls unprecedented levels of growth. adam: deal or no deal. steve cohen's sac capital is expected tuilty. there is still a chance that the deal could fall apart and sac could go to trial. here is how the dollar is moving today. [ male announcer ] what if a small company
course iran over its nuclear program. fox business contributor phil flynn from price futures group is in the trading pits of the cme. just how serious is the issue in libya? >> it is very serious. you can see that played out in the market, especially if you look at the spread between the brent crude what we trade in europe and wti crude. here in the u.s., crude is only up modestly, we're seeing a big jump oversees. there is lot of hope that the talks between iran and western powers would come to an agreement this weekend which would probably mean that we would see an additional one million barrels of light sweet crude come on to the market very quickly. with the talks up in the air still late on friday afternoon, traders have to worry about it entire weekend. so we are seeing them buying brent. concerns about libya, lack of iranian crude, driving up products here in the u.s. we're seeing jump up in the rbob gasoline, up over six cents a
gallon. just jumped off the heating oil as well up 3.5 cents. the reason is if they can't get their hands on light sweet crude in europe they will look to the u.s. to export some of our gasoline to that part of the world that will make our gasoline more expensive. we're seeing that play out in the market right now. the other market today, natural gas. natural gas is up despite record production in the u.s. it is amazing the market is bouncing up. volatility and options start to go up a little bit. there is still a lot of supply. we're looking more usage for the natural gas. back to you. >> phil flynn from price futures group. thank you. lori: phil, thank you. you set me up beautifully for our next segment. speaking of more uses for natural gas we're seeing a strong shift to natural gas in the trucking industry. company like loews, ups and fedex are moving diesel fleets to natural gas fueled engines. that is because of abundant
supply of cheap natural gas. driften bit supply. clean energy fuels is the company. it is the biggest nat-gas fueling station company. it is betting big on this transition. the president and ceo joins us for an exclusive interview. sir, welcome to you. >> lori, thank you. lori: you run a company that owns national gas fueling stations. when you hear the companies switching their fleet to natural gas engines? is there enough capacity to keep them fueled? this must be great news for you? >> this is great news for us lorery. we've been at this for a while, lori. we're spent last year building out a nationwide network. that is obviously not as large as what is currently in place for diesel but it's a start. it changes discussion between people that hire trucks and truckers that move to natural gas. next year, it looks like, next year, i talked about this on the
earnings call, you could have 10 to 12,000, class a heavy-duty trucks of new trucks sold move to thank you gas, four to five times what you had this year. you have infrastructure in place to take care of that but more needs to be done. lori: talk about the trucks and capacity. you have niece new engines. clearly i'm not a trucking expert. 12-liter cummins westport engine and ge capital leasing these trucks. basically a wash for companies owning the trucks in terms of natural gas and diesel. go ahead. >> that's right. i'm sorry. a lot of pieces have now come together. so almost every, every original equipment manufacturer that make as heavy-dutyytruck today has a natural gas engine or truck either announced or on the road. so that's great. the 12-liter engine that you talked about made our frieeds at cummins, cummins westport, that is a game-changer. 80, to 85% of truckers in america that is what they use, a
12-liter engine. volvo will come out with a 13-liter that moves america's goods. we have that piece of the pie. those trucks are rolling out and doing very well. ge piece we announced with ge a couple weeks ago, first time that a lessor, they loan money and lease a lot out to a lot of truckers, that the is first time you can get a natural gas lease for a truck and you know what residual value is. that used to be the problem. people weren't sure what the truck would be worth three or four years from now. hard to lease it or buy it around finance it. that is now different. lori: these trends are working in your favor. >> yes, they are. lori: i'm curious you reported third quarter non-gaap, non-government approved accounting practices loss at 16 cents a share. do you expect to turn that around from a loss. >> for us we spent a lot of money in place putting this together.
yes we have a make money over time. it is volume game for us. we have all the pieces in place. we have to get the volume up. we'll see that in 2014 and 2015. we hope that is our path to profitability. lori: natural gas main price, looking 3.54 right now, cheap and abundant supply, right? how does that affect your business. >> it is really very powerful for us. if you look at the previous report. you have oil at $94 a barrel. diesel today in california, $4.09. natural gas is, here is the way it works, lori. you get seven gallons of diesel equivalence per mcf of gas. so the commodity is 50 cents a gallon. you have to do some stuff to it but you can see our fuel is doctor 3459 i cannily -- dramatically cheaper than the diesel price where we give our customers, 1.50 a gallon savings. that is very powerful. uses 20,000 gallons a year.
saving them $30,000. used to be we were just clean for clean aii. today we're economic. we think the ramp is now happening. >> more uses for natural gases the better. it is abuudant. it is cheap and great for the broader economy. andrew littlefair from cheap fuels. >> thank you. >> sac capital is expected to plead guilty to insider trading charges and agree to fulfill the 1.2 digs billion dollars of payments at a court hearing at 3:00 p.m. charges brought against the firm on monday were wire fraud and multiple counts of securities fraud. the judge will examine the agreement and either accept the or reject the deal. if it is rejected because the judge feels the penalties are not strong enough, sac capital can withdraw the guilty plea and move to go to trial. the trial for two of firm's high-profile traders, michael steinberg and mathew martoma are scheduled to begin later this month and january.
steve cohen the man behind the large hedge fund was sued in civil court back in july for failing to supervise employees but has not yet been charged criminally. lori: apology and possible delay. the president says he is sorry while bipartisan legislation is being proposed to delay the penalties for not signing found are obamacare. live in d.c. with the latest on this saga next. adam: $3.6 billion. that is how much the irs paid in refund to whom you ask? we'll tell you coming up. you won't be happy about it. first look at some of today's winners and losers. s [ male announcer ] need help keeping your digestive balance in sync?
lori: 90 minutes until the close, hours until the eagles' concert at madison square garden. [laughter] but they're is letdown. finally, good news is good news. better than expected jobs report. concern that that mean tapir would happen sooner than later, but it looks like investors are realizing that this is good, that the economy is moving in the right direction. we will characterize it that way. let's send it down to the call of the new york stock exchange. and you want to focus of a certain region. and so we're taking a look here at the dab. $41.6 per share. the gap surging for their october same-store sales growth. the main stores that did well, the 5% increase. how about old navy and banana republic. up arrows? yes. as a matter affecting the bulk of those have up arrows.
all navy saw same-store sales increased 2% which was less than the prior time dividend and also a banana republic and an apparel. sales numbers were up 1%. the managed to squeeze that the gains. the other thing is that the gap projected some big numbers when it reported for the quarter on november 201st. that is something which is still work -- still worth watching. so a stellar performer in doing great today. adam: the man brought in to fix the obamacare exxhange website says it is making progress, but in a long way from where it needs to be the president apologized to american citizens who are now losing their health plans. late news. there are new problems.
>> reporter: the latest update they just provided. officials a promise that this i will work for the vast majority of users by the end of this month. now, as for the promise, americans can keep their insurance. the white house says president obama will direct his team to consider some ministry of solutions for those losing their insurance plans. the white house has yet to offer specifics. republicans say the only solution is for the president to agree to sign a bill they're pushing in the house which would allow insurance companies said sell cheaper plans despite minimum standards of health care requires. the president and hhs secretary are apologizing for the problems with obamacare. >> i am sorry that they are finding themselves in this situation based upon assurances they got for me. they have to work hard te
sure that they know ww hear them and that we're going to do everything we can come to deal with folks who find themselves in a tough position as a consequence of this. >> i have said repeatedly that the rollout has been very flawed , frustrating millions of americans who desperately want and need health insurance, it wants to know what their options are. i have apologized for those technical glitches. >> reporter: there is now a bipartisan effort to delay the requirement. republican senator mark kirk and his democratic colleague senator john mansion have introduced a bill to delay the individual mandate for one year. meanwhile put congressional committees are preparing for another hearing and the botched rollout of healthcare.gov next week. adam: you have like 14 working days to get this thing up and running, to be fair to thank you very much. everyone is watching.
lori: a new day, another wrinkle in obamacare and more discussion on capitol hill about how to deal with at all. are the solutions. vested more on the issues. i'm looking a solutions from the street level, not the policy level way appear the people who have the real problems to what can they do. i no there are people out there who wondered, are -- and eligible for what kind of money? don't know if you can get on the government website, but you can get on kaiser family foundation. they have a calculator who will help you figure out how much money you might be eligible for, what you have to pay in premiums . and how much you'd have to bail out of pocket. this is great information for people out there. all you have to plug in is your age a marriage, sex, and tom,
how many people are in your household and this is disinformation. this is a lot less than half to put into the government website. do not have to worry about that. i know that is a concern of a lot of people out there. adam: to protect your privacy, but you are going to see real world the best situation for me. you're hearing people raise about the increasing cost. ts. >> allow the people of facing increased costs. yesterday i reported that as of next november as people and small business plans will find that don't have health care coverage. it is not just people on individual plans. it is not catastrophic. and later small-business plans will have the same problem. lori: is there and get issue where people may have a
catastrophic diseases? >> that is a great question. part of the issue is if you don't have coverage you can't get care. i don't think the administration has given us good answers on that. i can answer that question. lori: thomas tonight's special edition of the willis report right here on fox business. adam: from facial hair to financial windfall. the charitable organization of member has raised almost $7 billion. data they do it? the u.s. director joins us next. they're supposed to read that. lori: and how one little file hurt third quarter earnings. notice that investors turn then. let's take a look get interest rates. my favorite subject. a big sell-off on that jobs
report. adam: a shaven bearcat. lori: the 30-year yielding. we are back after this. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pot. [ woman ] i'd be an architect. what if iold you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
issued $4 billion in fraudulent tax refunds to identity thieves. they spent over a million refunds to people who used a stolen social security numbers. bristol-myers squibb will eliminate about 75 research and development jobs by the end of 2013. the drug maker says it is changing its r&d strategy but will stop drug recovery work -- discovery work, excuse me, on hepatitis c, diabetes, and neuroscience. instead they will focus work on treatments including cancer, diabetes, immune conditions. and boeing is warning union leaders in seattle it could move assembly of its new 77x jet to other sites if the company's 8-year labor agreement is not ratified. the union vote is scheduled for wednesday. that is the latest from the fox business network, giving it the power to prosper. ♪
60 percent of men mustache wearing age support some kind of facial hair up in the 16% since 1993. adam: ready you fall on that? adam: no facial hair, the mustache. lori: you have the potential. unfortunate. not all men do. why not grow some facial hair and raise money for charity. adam: this is more than just your average joe. getting involved. since joining up to discuss it, the november u.s. venture director. and mark, i don't see -- i cannot see so well. i don't see any facial minute. what is with that? >> i am trying to donating my face and upper lip to the cause. adam: this all started in australia as a way to raise money to draw attention to the
fact that to get more men developing prostate cancer than women develop breast cancer. did i get that correct? that is the kind of thing that draws attention to this program? >> that is correct. in the u.s. alone lover to murder and 30 many you're diagnosed with prostate cancer, and that is a similar incident to limit her being diagnosed breast cancer. we found is in our 10-year history it is opening of that conversation around men's health in general, and the awareness as it relates to prostrated testicular cancer which is the main focus of our work. lori: what is the connection between blogger facial hair and giving to charity? >> the connection is, we ask men to change their appearance for 30 days of november. as you can tell, i am a challenge, as we just talked about, but it is really about 55 and i do not particularly heavy mustache and beard throughout the year. what i do is i am clean shaven most of the year but changed my parents and what that does and what i have found is the
generous conversations within my friends, family, people in the street, colleagues, asking me why i am doing is. ultimately come back around to i'm trying to change them and think and talk about the run health. that is the real point. adam: last year it was 181,000 men registered. is there website where you register and then get sponsors to make a donation based upon the fact that you are not shaving? >> sure. the website is november dot com. last year we had globally 100 million participants. we have made very easy for man and quite frankly women to get involved in this movement. they set up a page once the register. and then just like a rock, they go out and ask their friends and families to done it a small portion and have a little fun and raise a little money. adam: i don't want to be rude. i know some men with mustaches, but how do women take part in this? is it not shaving their legs?
>> no, is not. it is actually -- you did go there, but that's great. the challenge is really getting women involved from the perspective of being cheerleaders. quite frankly, my wife who haa been with me a long time just gives me a wink and nod and a sense of encouragement even know i look awkward for most of the month and are just patting me on the back and realize that and try to do something for the betterment of men and their health. women are just as important. a cheerlead men in their lives. get them involved a much talk about their health. as we know, women can typically in the household, make health care decisions, and want them involved in this just as much as the men are. lori: women tend to be a little bit more vocal and a little bit more active. there are some many nationwide charities out there that everyone has heard of, but when you think of charities directed specifically for men's issues and means causes, not so much that part of your thinking. >> that is correct. and we looked at it back into a dozen three there really was not
anything around furman selz. we actually get our inspiration from the breast cancer awareness movement that had been occurring at that time. the amazing steps that they have taken in actually educate women about breast cancer in the ability to actually go out and actively seek help. and we looked at the men's health there was that anything. quite frankly, i biliary ribbon on top of your lip is a great way to advertise awareness and conversation and get that going. adam: she went there, not me. thank you, congratulations. 147 million globally. 21 million right here in the united states. lori: it is a cool idea. really is. lori: let's check in on the markets. every 15 minutes. we're joined by jason. one hundred points on the dow. interest rates are much higher. all of this on the back of the jobs report. how is the market soared in and out? >> the interpretation is, you know, full steam ahead until the
end of the year. people will not really worry about the budget deal until we get into the new year, 70 by january 15th, kicking the can down the road again. right now people are chasing performance. earnings seems to be pretty good next week at the week with regional numbers. that could shake the market of little. as we did some anomaly numbers that are negative. lori: record highs, just about at that. is the market vulnerable? predicting anywhere near here? >> i am not predicting. i would think that historical the we are very vulnerable, but the problem is when people are trying to buy stocks right now there is nothing really for sale. i know that sounds funny. but that is what we see reflected in the equity in next. people like chasing the stock. elisa the selling anything. lori: that could be a bad sign in and of itself. >> again, a sign for a sustained run. i think we are in that starting
phases of that right now. lori: appreciate. adam: the social meal website began experiencing outages starting at 10:00 a.m. eastern. users reported their individual pages would not load. some also posted on twitter that the mobile application was not displaying posts and profiles. facebook tells fox business, we resolved the issue quickly and content is back to normal. we are sorry for any inconveeience we may have cost. shares of groupon off to the races today after the company posted earnings after the bell yesterday. reporting a wider third quarter loss than expected with sales below expectations causing a big hit. the e-mail service from you will move promotional e-mail and separate boulders into prodding. noticing that e-mail accounts for about 40 tubers into the company's transactions is the
the release of the next star wars installment. it will now hit theaters december 18th 2015. this is a push back from the original announcement that the star wars movie would be out in the summer of 2015. the delay is significant in that the release now will fall in fiscal year 200015 pushing -- 16 pushing back the market volume. this is the first new release says the house of the mouse acquire lucas films for $4 billion. lori: i will wait as long as it takes for the next star wars. adam: she had the cinnamon buns on her years. lori: it was a fashion statement then and now. dennis kneale here with her new stories a sequel. can the lay hammered.
millenniums of looking down their nose at an american classic. ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at thetechnology,verything we do'e like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. so i can reach ally bank 24/7, but there ar24/7.branches? i'm rry, 'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story.
♪ adam: disney sees a bright future full of the war. the super hero. it continues. it. >> reporter: putting the hammer down. the dark world could rake in an impressive $90 million this weekend. this after already grossing more than $130 million in the weeks since it opened in 36 markets overseas likely to do even better than the first. and stoked by the blonde hammer appearance in the avengers last
year. now, this sequel is part of the super hero strategy. it sets the stage for the sequel to captain america next year which then sets up a sequel to the avengers in 2015. the first avenger stood in a massive one half billion dollars and featured door, captain america, iron man, not to mention the incredible hulk and black window -- blackwell. all of those films, six disney marvel films have grossed almost $5 billion. captain america taking in combined which is more than the price tag at disney paid to acquire that entire marvel franchise in 2009. the purchase, one of three great acquisitions disney has made. he also bought pixar and the star wars franchise of lucas' films. lori: how you keep up with all those, but movies. adam: there are a lot of them. disney owns quite a lock on it.
theme parks. news broke that lions gate is trying to of the get theme parks for hundred games. a movie about kids killing of the kids. hard to make a theme park. lori: leave it to the theme park operators. fast food chains are going and crazy. >> why are you looking at as? lori: in his effort to appeal, fast-food chains across the country are losing. adding additional bread options. the latest generation of fast food eaters were not raised on the attrition of wonder bread diet. we are topping their burger. introducing a new burger monday served on a brioche bun. calder's. sprinkle with onions, poppyseed, sesame seeds. adam: it sounds really good right now actually. lori: coming up on countdown to
the closing bell, september jobs numbers broke the estimates demand markets are here to cheer. it will ask labor secretary thomas perez why the unemployment rate still rose in light he sees the job growth and what the administration and congress can do to help. ♪ ♪ 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. just by talking to a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away.
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secretary thomas perez. we are going to ask what needs to be done now to get job growth even higher. even higher. by the way, the good news aaso is that for the previous two months the jobs were upwardly revised. that, too, is very good news. despite today's broad rally, one stock that is not rallying is twitter. just one day after it took off amid a ton of hype and fanfare -- and it did gain 70% yesterday -- it's been down pretty much all day, and as you look at this intraday chart, it's kind of gotten worse throughout the day. in fact, at this point we're almost at the lows of the session, down about 6%. in just a moment, charlie gasparino, he's coming down to talk about twitter. imagine that. and whether twitter is living up to its own freedom of information message, this after they iced out fox business because of charlie's enterprising reporting on the ipo. and by the way, charlie apparently also has new information on
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