good morning and happy monday. > >happy monday angie. > >let's start with sotheby's. this is an interesting stock. it popped on friday and as you know there is a billionaire hedge fund going after this company. what do you think? > >yeah, dan lam's going after this company and it's not as much of an earnings play as an activist play. so i think that the stock will move higher. if you look at the chart on the daily chart it's in a strong bull channel. every single pullback gets bought. on thurday it pulled back down to 49.60 so that could be my bogey that i could get long in here around the 51.10 level. i think it gets up to the recent highs of 53.50. put a stop under 49.60. i think sotheby's bid can get through 55 dollars. > >most traders though like to stay away from these stocks that have hedge funds coming after them. this is pretty impressive. > >so if you look at a chart, there's no reason to not be in the stock. the chart here is fantastic. it reminds me of domino's pizza, dpz, heavy pull back gets bought. so i did pull back on thursday. the s &p pulled back on

what's the idea of combining art and cars and doing it here at sotheby's? >> we feel like this is the perfect venue to bring in what we consider the beautiful art forms in the classic car world and what better place to display them than on the tenth floor of sotheby's. >> the idea not just to find expensive cars but one that had skull turl value? i will take these over henry moores any day of the week but was there an asthettic component to picking these cars. >> we essentially tried to cure rate the sale. this is sort of rolling sculpture, the automobile is an art form, there's a lot of movement, the aesthetic of every car is different. >> they are. and colors are amazing. start with the number one lot here, the big king of this auction which is that lm, that ferrari, 250, lm. that's expected to go for up to $15 million, maybe more, why is that car so expensive? >> it is probably one of the most exciting road going ferraris built. it is street legal, in fact. >> you can drive it? >> time of your life and very competitive in the period track wise. >> that c

sotheby's has $150 million in guarantees out there. because art is selling well doesn't mean the auction houses do well as well. >> thank you very much for the latest on sotheby's, christie's and everything else. final trades are next. (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to land. (vo) we're adding a brand new plane, with all this, every week. it's just one way we're building the new american. a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ that's how ameriprise puts more within reach. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cogniza

sotheby's posted a loss in the latest quarter. but it was less of a loss than predicated by wall street analysts.third quarter results improved at the auction house on revenue growth from modern art and commissions.investors bid up the stock by nearly 2% yesterday. hedge fund manager daniel loeb tells cnbc-- the company has "hidden" value and is a remarkable global luxury brand.loeb is currently attempting to oust the ceo of sotheby's. it sounds like men's wearhouse may be changing its stripes when it comes to an offer from jos a banks.the smaller jos a banks made an unsolicited $2.3 billion takeover bid for men's wearhouse that was flatly rejected as way too low.now comes word that hedge fund - eminence capital- has purchased a 9.8% stake in the company. eminence is reportedly urging men's wearhouse to take a closer look at the offer. investors seem hopeful -- men's wearhouse stock has been rising on the news out of eminence. fewer americans are falling behind on mortgage payments.transunion credit reporting agency says it's due

and is we also like tjx -- liz: what's the special situation at sotheby's? >> sotheby's is undergoing a potential management change finish. liz: right. they've got the auction near moving out, right? >> exactly. as well as different hedge funds looking at this as a long-term value. so there could be a change of the board, and the rich still continue to get richer, and that's definitely a billion dollar kind of market for what they sell. liz: right. >> we've also seen good performance in those sales. liz: i've got to ask you about coach because kors has slammed coach. you walk into a michael kors store, it's jam packed. the handbags are certainly attractive, and he managed to figure this out. does that mean coach is down for the count? because today pretty soon came fighting back with the burrow bag. >> yeah, that's been great, and we previewed the new coach store. we really feel like there's a great story with the brand coming back to have a lot more prominence. there's also a lot of awareness of that brand. there's a new creative director there, and the lin

last night's sotheby's auction ended with andy warhol's car crash. it sold way ov the $80 million estimate marking a record all-time for warhol. he also paid off for steve cohen, he sold off more than $70 million worth of art last night including his warhol liz taylor portrait, going for $20.3 million. and a gerhard richter piece, he bought it last year, sold it last night for $26.4 million. it's just not art, the flood of money in the world is pumping up assets of all kinds. the world's most expensive diamond, sue, was sold last night. sotheby's selling a 59-carat pink diamond for $83.2 million, nearly twice the record previous paid. wine, stamps, manuscripts, sotheby's going to hold its first car auction in a decade. just looking to park their money somewhere, anywhere because there's more of it coming out of the fed. >> absolutely. wow! >> all right, robert. and sadly, i don't think it was sue's or my significant others bidding on that big pink diamond. but one can hope. >>> big news on the housing market next, before the break, another check on t

this is like a light blue way all records for before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the biggest option as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars the subtle subtext there silver crashing by canvas with a few splashes of paint for one hundred million dollars. the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and then they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at the sub the reason auction we were witnessing hyper inflation and art prices there was an investor michael ovitz the former head of c a a which is the creative ar

inflation these are huge leaps in prices and the luxury market and i mean this particular auction at sotheby's at christie's raised nearly a billion dollars this is like a light blue way all records before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the biggest option as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars to the subtle subtext there over a crashing by canvas with a few splashes of paint for one hundred million dollars. to see the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and that they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at

this is like a light blue way all records for before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the biggest auction as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars to the subtle subtext there silver crashing by canvas with a few splashes of paint for one hundred million dollars. to see the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and that they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at the sub the reason auction we were witnessing hyper inflation and art prices there was an investor michael ovitz the former head of c a a which is the

this is like a light blue way all records for before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the biggest option as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars to the subtle subtext there over a crashing by canvas with a few splashes of paint for one hundred million dollars corsi the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and then they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at the saw the reason auction we were witnessing hyper inflation and art prices there was an investor michael ovitz the former head of c. a which is the crea

this is like a light blue way all records for before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the biggest option as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars the subtle subtext there silver crashing by canvas with a few splashes of paint for one hundred million dollars corsi the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and that they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at the sub the reason option we were witnessing hyper inflation and art prices there was an investor michael ovitz the former head of c. a which is the creative

this is like a light blue way all records for before the a few days later there was this auction at sotheby's warhol crash steve cohen's richter lyft saw the sale so andy warhol led saw the bees biggest option as the pop art icon silk screen painting silver car crash double disaster sold for one hundred five point four million dollars in new york is one hundred five million his previous record high for an andy warhol seventy one million dollars the subtle subtext there silver crashing by canvas with a few splashes of paint for one hundred million dollars scores of the fed and of course all of the money is coming from these new technology entrepreneurs who let's face it google facebook apple they work for the n.s.a. the n.s.a. subsidized by the u.s. taxpayer and then they pay them back with click fraud i think up to. up to thirty percent of the revenues from google for example are from government sponsored government underwritten click fraud so at the saw the reason auction we were witnessing hyper inflation and art prices there was an investor michael ovitz the former head of c a a which is t

joining us for more, director and worldwide head of wine at sotheby's, serena. thank you for joining us. i'm a bit worried that you only have to peel off the wrapper and you've blown the money. >> you could droipt, of course, which i advice against it. the best thing is to drink it. >> really? >> yes, it is. >> why not keep it? won't it go up in value? >> wine is a living thing and it does change all the time. and you've got to monitor that change. and the main purpose of it is beauty is actually in the tasting. >> yeah. and how can you monitor the change of a wine over time? this is a 150-year-old bottle of wine. how can you monitor the change of it? it shouldn't be changing much now, should it? >> you can read about how it used to taste when it was younger. and then you can see when you do open it if it has changed, and it will have. they mature and get more complex. but there comes a moment -- >> where it goes bad? >> it can, but if it's well stored, it can have a long life. >> okay. the investment market is bordeaux and germany, as well, which presumably wil

beautiful presentation at sotheby's in the gallery. even the chairman of sotheby's has said you have really done this, it is over the top. the decco pieces we've tied into the automobiles. the symposium we're doing this evening. so i think, that itself is a record. my suspicion is we'll break a few world records. adam: maybe another ferrari will get a record there. thank you so much for joining us, rob myers. if you love the cars, tune into fox business this thanksgiving. we'll air our best of pebble beach special. it is pebble beach, best of show. where you can see more beautiful classic cars like those up for auction at sotheby's. you restored them. lori: that was likes car porn. >> car porn. you don't get in trouble for it. >> all safe for work. turning to other wheels it looks like tesla has some new competition on the roadways. we'll look at the new electric cadillac. adam: say cheese or maybe just down right cheesy. the selfie getting stamp of approval from an unlikely source. we have details for you just ahead. ♪ [ male announ

sotheby's estimates this copy could sell for between 15 and $30 million. . why are they touching it if it's worth so much? we want to know, what book excites our viewers. so if there was a first edition copy tomorrow, wa title would you pay handsomely for? would it be a first edition of one of ian flemings's bond novels, for example? worldwide@cnbc.com, tweet @cnbcwex or direct to me @rosswestgate. >>> still to come after the break, we'll hear more from peter sax. ♪ i want to spread a little love this year ♪ [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursui of perfection. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> the european central bank tells cnbc deposit rates could drop below zero. chrysler intends to list shares on the new york stock schapg, but not until

it's impressive that christie's and sotheby's put together art generating this money, and found people willing to pay this amount of money. >> you were there for both. sometimes leg cramps are concerned - you stand or a period of time. but it is exciting. >> the economy - the screen which was the prior -- "the scream," the prior highest painting. >> the economy is struggling. where is the money coming from. we don't know who bought the paintings. they are bought through galleries and agents - $140 million is a lot of funny for a billionaire - who are these people? >> sometimes it's a consortium of people. few people control the art market. you never know what sorts of other deals are going on in the background. you had a bunch of people bidding. >> we did. it's impressive. there was a young man who was bidding up to $140 million. you have to wonder about it. christie's will not let them come in for fun. we don't know, but what you have seen is that these works are, you know, absolutely the kinds of things that collectors at this level want - francis bacon, they love him, warhol, especi

sotheby's expects it could fetch around $100,000. but if you are short on cash, kmart is aurg a offering a rent-to-own finance program on items over $150. >>> finally that digital currency known as the bitcoin has reached $1,000 for the first time. great news if you own them. but maddening for one british i.t. specialist who managed to toss his hard drive along with 7500 bitcoins into a landfill where that 7.5 million will lay in waste. i tell you, i think i might still be searching that landfill. >>> just ahead a full serk of serving of sports to kick off your thanksgiving. including katherine webb's most difficult decision yet. details, next. >>> time for your turkey day helping of sports. thanksgiving means family, food and of course a full day of football. so plan your meals accordingly. the first course begins at 12:30 eastern with an nfc north battle between green bay and detroit. your second course begins at 4:30 with the oakland raiders taking on the dallas cowboys. cowboys are hungry for the win. as they are tied for first i

is fall, the busiest time of the year for high-end art auctions, two of the nation's biggest houses, sotheby's and christies, are among them. >> it is the auction season again in new york city. the big auctions this week and next expected to top more than $1.6 billion that would surpass last year's total of $1.2 billion. so what is selling? as far as top price paintings, it is wall to wall warhols's. christies is selling it for between 40 and $60 million. what makes this special, warhol actually painted this painting by hand, rather than done with a silk screen. warhol's car crash is expected to sell for 60 million, the only one of its kind in private hands, and there is one for between 20 and $30 million. there are some non-warhol's among them. christies is selling one from between 60 and $80 million, but it could sell for a lot more. there is another barnet/newman. this one could get from 18 to $25 million. and this is a favorite, the balloon dog, in orange, from between 35 and $55 million. it is 12 feet tall. we'll see if the market whom some say is a bubble, will keep floating. >> you know

maybe we put this in the context of sotheby's, if you like because that's in the news or another one. >> i could spend a lot time talking about this. in brief we have a pretty expansive investment framework. we have a philosophy that we employ, we have framework, we have characteristics of investments that we look for that fit within that framework. this framework, and this a framework that works for us and is not going to work for efr one, we invest in equities, we primarily focus on special situations, things like spinoffs, demutualizations, post-war equities. it's kind of how we got started. it's evolved to where there's operational complexity and change. it's a little more vague. if you think about those type of transactions, those are the things that fit our -- those are the things that sit in our sweet spot. and companies with hidden value and that are misunderstood have a special place in our heart or my heart. yahoo! was a good example of that. when we bought that, it was trading below the value of the core business, if you assign a conservative value for alibaba and yahoo! ja

today at sotheby's an anonymous buyer set the record on the pink star diamond. meanwhile every woman is hoping it was her lover. if that is out of your price range maybe you have enough to help batman return to the road for the price of $110,000 you can get your hand on the steering wheel of the batmobile. positively cheap compared to the tv bat mobile which sold for $4.6 million earlier this year. of course you can't put a price tag on good health. for the sochi olympics, the russians have a clever plan to get everybody in shape. letting travelers earn their train ticket by paying for it with 30 squats. some folks will go after what they want at any cost. >> this is -- this is for you. >> sasha baron cohen played a nasty trick on bbc america. after attempting to administer cpr to the victim, the comedian made light of life and death. this is obviously a tragedy, but on the bright side, what a great way to go. plus she will make the oscars memory segment. >> now that is some one that wi

this exhi business at sotheby's in new york. thank you. >> thanks a charl yeaux. >> thank you. >> rose: thank you, pal, great to see you. >> thank you for taking time. >> i would have given gladly not to be standing here today. the greatest lead other of our time has been struck down by the foulest deed of our time. >> robert caro is here, a pulitzer prize winning histor yen and one of the most important buy og fears of our time. his master worked years of lyndon johnson now stretches to four volumes. his latest volume, the passage of power tells the story of president kennedy's assassination through the eyes of the vice president. "the new york times" calls his account of november 22nd, 1963, and the events that follow the most rich eting ever. it was-- riveting ever, its with a day when as caro said a president was not only created-- killed, a president was also created. i'm pleased to have robert caro back at this table. welcome. >> glad to be back. >> rose: let me go back even further. were obviously this is a series of conv

. >> this is a hit of sorts to sotheby's auction house which this week auctioned off an andy warhol painting for $105.4 million. that's a lot of money. shows the art market is healthy. shows someone is willing to shell out that kind of cash. on the other hand, andy warhol, really, $105 million? there are many things in life that money gets but taste isn't one of them. >> if you have your own hit or miss, please send it to us at jer @foxnews.com. that's it for this week's show. thanks to my panel and especially to all of you for watching. i'm paul gigot. hope to see you right here next week. >>> more democrats turning away from the white house and crossing the aisle to suggest changes to obama care. good afternoon, everyone, welcome to america's news headquarters. glad you're with us. i'm greg jarrett. >> i'm arthur neville. it's over the botched rollout of the troubled health care law. the white house insists everything will be just fine butp democrats in congress are feeling the heat back home. as of last night, more than 5 million americans have received insurance cancellation notices leav

is fall, the busiest time of the year for high-end art auctions, two of the nation's biggest houses, sotheby's and christies, are among them. >> it is the auction season again in new york city. the big auctions this week and next expected xt top more than $1.6 billion that would surpass last year's total of $1.2 billion. so what is selling? as far as top price paintings, it is wall to wall warhols's. christies is selling it for between 40 and $60 million. what makes this special, warhol this painting d by hand, rather than done with a silk screen. warhol's car crash is expected to sell for 60 million, the only one of its kind in private hands, and there is one for between 20 and $30 million. there are some non-warhol's among them. christies is selling one from between 60 and $80 million, but it could sell for a lot more. there is another barnet/newman. this one could get from 18 to $25 million. and this is a favorite, the balloon dog, in orange, from between 35 and $55 million. it is 12 feet tall. we'll see if the market whom some say is a bubble, will keep floating. >> you know, i don't have

sotheby's said that's the most one's ever sold for. that comes today after the largest ever orange diamond sold at auction. that 14 carat stout went for more than $35 million. >>> now, one of the most rare mammals on earth was spotted in a forest in vietnam. the saola was photographed in september by a world wildlife camera. it's the first photo of an endangered animal they've seen in 15 years. the species was only discovered in 1992. >>> victoria's secret showed off its latest line of lingerie on wednesday in new york. on wednesday dawn showed off the diamonds and sequins. the victoria's secret fashion shares december 10 right here on cbs. this is the "cbs morning news." ews." for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. >>> 4 before 5:00 on this thursday morning. another pretty day start. >>> let's take a look at how cold it is. 28 degrees, that will

. > the pink star flawss pink >>> sotheby's just sold is for a record $83 miion. >>and boeing's 31,000 machists have rejected an eight-year lor contract that would have eliminated their pensions and rsed health care sts. now the company may build their 777 x j in nonunion states or ev overseas >>> just aheads sports highlights and the whiskers tha stand between the star pitcher d the new york yankees next. >> it seems like eveone's ill pretty upset about the obama care website. itas all of these glites and nody is signing up. they are so desperate to turit around that the department of health and human servis e-mailed 275,000 americans encouring them to give it another y. then they said, but one at a time. we don't want it to crash. >> so we got the sports for you so one byone. baseball's cy young winners have been named. detroit's max schzer finishe with a 98. an l.a.'slayton keraw gets his second in his career. both receivi at let 28 first place votes from the baseball writers asciation. todd christensen for the raiders has died. the record-setting tight end suc

sotheby's estimating $628 million for its sales and christie's expecting just under a billion for its sales. take a look at the top priced paintings. it's wall-to-wall warhols when you look at the top. christys selling off this coke bottle between 40 and 60 million. warhol actually painted that by hand rather than silk screen. sotheby's has one of the famous warhol silver car crashes expected to sell for more than $60 million. only one of four in prior to hands that's why that's so expensive. liz number one being sold by steve cohen. there are nonwarhols at the top, christie's selling this between 60 and $80 million. but it could sell for a lot more. he's in big demand right now and another barnett newman, brian's favorite artist, remember the newman that sold for $43 million last spring. this has two lines, so it's really good, 18 to $25 million. now my favorite of the auction, a balloon dog. christie's is selling a balloon dog, it's orange, between 35 and $55 million. 12 feet tall and is that the ultimate toy for the rich. >> i know who will buy it too. >> who would buy it? >> elied

sotheby's b-i-d that stock is headed to 55 and then higher it just came from 49. it was activist play in there. i think it's gonna go higher it's going to 55. > i think it's going to 75. once it does about 55 its going to 75. topic 2 2) bit o' cash - a norwegian man casually invested $26 in bitcoins- now that eventually turned into nearly 1 million dollars. where would you invest your money? > > not bit coins, those aren't safe. i mean you can buy lottery tickets. the u.s. stock market does not ever go down if. it's s spider man curve. everyone ask's me all the time if the market's overbought or completely over bought. yes, but it continued to go higher. i think it will go higher, we are bought at every deal possible > i'm bullish, that's of bad sign typically. when you can't think of any reason the market's gonna go down. i like the euro's currency, the euro's currency has come back to 136 at breakup point. 140 is the year term target from its four point range it's been. that's only that halfway point of the 160 high of 2008 to those lows. topic 3 despite a bumpe

the 60-carat diamond was put on display in sotheby's. it will be auctioned november 13 and will fetch a record $60 million. diamond was a long time in the making two years to cut and polish this spectacular gem. >> well, no doubt burt reynolds would be proud. a new cannonball run record has been set. three men teamed up to drive from new york to los angeles and they did it in just 28 hours and 50 minutes. the trio rolled down the highway in a mercedes-benz equipped with extra fuel and three radar detectors. that's ,,,,,,,,,,,,,,,,,,,,,,,,

sotheby's expects it could fetch around $100,000. but if you are short on cash, not to worry, kmart is offering a rent to own finance program on item costing over $150. >>> finally that digital currency known as the bitcoin has reached $1,000 for the first time. great news if you own them. but just maddening for one british i.t. specialist who actually managed to toss his hard drive along with 7500 bitcoins into a landfill where that $7.5 million will lay in waste. that hurts just to even say. >>> time to take a first look at politics and talk turkey. joining us is bob franken. good morning, happy thanksgiving, bob. >> good morning. happy everything, i guess. >> exactly. >> thanksgiving, hanukkah, black friday eve. >> thanksgivukkah. let's talk about something serious for a moment. about 45,000 troops are celebrating thanksgiving in afghanistan, but a new security deal could keep those troops there past the 2014 draw down to train and mentor afghan security forces. is this a good idea? >> well, it depends on your point of view. proba

sotheby's said that's the most one's ever sold for. that comes today after the largest ever orange diamond sold at auction. that 14 carat stout went for more than $35 million. >>> now, one of the most rare mammals on earth was spotted in a forest in vietnam. the saola was photographed in september by a world wildlife camera. it's the first photo of an endangered animal they've seen in 15 years. the species was only discovered in 1992. >>> victoria's secret showed off its latest line of lingerie on wednesday in new york. on wednesday dawn showed off the diamonds and sequins. the victoria's secret fashion shares december 10 right here on cbs. this is the "cbs morning news." ews." for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. ,,,,,,,,lasts longer. >>> hawaii is the 15th state to legalize same-sex marriage. >> done. >> governor neil abercrombie signed the b

yemeni security fifty one point three percent of the brighton sotheby's run off putting an end to a court is correct by dealing with inmates. the former director of brazil's state run bank he was convicted in a major corruption charges had fled the country to avoid jail enrique is a doctor who also has a highly impossible to say here that that he'd gone to his other hand country to seek a fair trial. one of twenty five people who were convicted over two thousand and five scandal allegedly stole a position of the lake is received kickbacks in return for the support of government bills. wheatley witty political melodrama continues south facing silvio berlusconi rebranding is faulty returning to the name of forts or italia saying he could no longer support the coalition government of injury could accept that self to the political betrayal of his longtime policy at and gina out saute the day before they announce the creation design political movement off on an easel so the interior minister and deputy prime minister has promised that he and his allies will support the government agreed to let

. >>> the world's most valuable book sold this week for $14 million at sotheby's in new york. "the bay psalm book" is the first printed in america. >>> and maserati's new car will set you back only $65,000. the ultimate luxury brand is trying to lure more buyers. perhaps the only good news, if you're stuck in an airport this weekend, is this. okay, maybe it's not good for your waistline, one of these? it's a cinnabun, of course, the sweet smell of the airport experience. up next, we have the story of how a hooter's waitress became the president of cinnebun by the age of 32. which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero deposit, and zero first month's payment on any new 2014 volkswagen. hurry, this offer ends december 2nd. for details, visit vwdealer.com today [ female announcer ] we eased your back pain... ♪ ready or not. [ female announcer ] ...s

sotheby's expects it could fetch around $100,000. but if you are short on cash, not to worry, kmart is offering a rent-to-own finance program on items costing over $150. >>> finally that digital currency known as the bitcoin has reached $1,000 for the first time. great news if you own them. but just maddening for one british i.t. specialist who actually managed to toss his hard drive along with 7500 bitcoins into a landfill where that $7.5 million will lay in waste. that hurts just to even say. >>> time to take a first look at politics and talk turkey. joke us now is syndicated columnist bob franken. good morning, happy thanksgiving, bob. >> good morning. happy everything, i guess. >> exactly. >> thanksgiving, hanukkah, black friday eve. >> thanksgivukkah. let's talk about something serious for a moment. about 45,000 troops are celebrating thanksgiving in afghanistan, but a new security deal could keep those troops there past the 2014 draw down to train and mentor afghan security forces. is this a good idea? >> well, it depends on yo

adam: big win for rm auctions at sotheby's. the art of the auction at sotheby's new york gallery put 31 cars on the auction block. after two hours of furious bidding, the auction, drum roll please, $63 million in sales. top sale, 64 ferrari rare sports car that sold for 14 million bucks that is a world record for the model. lori: that looks beat up. adam: that is not the ferrari. that white, beautiful convertible, is that the, the first major car collector car auction. hardly an expert. i'm frustrated, in manhattan. more than a decade. let's hope it brings more of these things. >> that is great turnout compared to the dueling dinosaur bones which got 5 million. they were looking for over 10 million. that was disappointing. at least people are showing up depending on the product, cars are shiny and fun. dead dinosaurs are dead. lori: speak for yourself. i like dinosaurs. think it is fascinating. >>> speaking of auctions there is home for a sale that could be a real slam dunk. check this out. this is michael jordan's 56,000 squar

still to come, rival sotheby's have held an auction that broke records. we'll have more on the sudden scramble for art next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. ♪ [ male announcer ] more room in economy plus. more comfort, more of what you need. ♪ that's... built around you friendly. ♪ that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no

there is no stone of that size or that color known according to sotheby's. it has been renamed "the pink dream. >> the orange diamond yesterday the pink one today. >> tsa program implemented to screen for suspicious behavior. it cost taxpayers a big bundle. nobody knows if it works. diane macedo joins us to explain. >> a new report from the government accountability office says the screening of passengers by observation tech key has no better chance of stopping security threats even though it has made 1 billion over the past six years. they consider them to be suspicious people and talk to them to see whether or not they pose a threat. they reported some of the behavior indicators used were subjective. steve lowers who directed the investigation says tsa has yet to demonstrate the effectiveness of the program despite spending 900 million on it since 2007. according to the report the tsa has indicated it needs more time to determine if the program is effective. but in the meantime the program is being viewed as a key layer of aviation security. both republica

. >> it was sold last night at sotheby's. it's a tiny book of psalms. it is called "the bay psalm book." it sold for just under $14.2 million. >> oh, my goodness. it is believed to be the first book ever printed in what's now the united states. and, in fact, the first book ever written in america. >> the book was bought over the phone by an american businessman and philanthropist david rubenstein, who plans to lend it to libraries around the country. >> this is not the first time he has apparently bought old stuff. he has a thing for old paper apparently. back in december of 2007, he bought an 800-year-old magna carta for $19 million. i got a book for you, david. >> the ugly warhol we read about that was $100 million and then a ferrari that we had not too long ago that went for 20 million, 40 million, something like that. >> that's right. here's the thing. people love art. i understand you can appreciate it but at least a ferrari you can drive and a book you can read. >> i happen to like warhols but this was a particularly strange warhol, not like the n

next stop cal hollow the land known of julie store, yoga clothes, even a sotheby's. but union street wasn't always a long procession of high-end boutiques. just ask the man who has been cutting hair here since the '60s. >> my first shop was across the street in 1969. i was paying $135 a month. >> the area is filled with generations like three or four generations of the people who live here all families. >> reporter: then '80s happened. >> the '80s changed and that's when the yuppies came in and so that was -- i'm not trying to say that in a derogatory sense but they were the yuppies back then. >> reporter: spiraling housing costs, clogged traffic and exodus of middle class and poor families, that's not from this ek wes a"new york times" article. that was a quote from the "l.a. times" in 1985. >> it's a generational thing that happens every 10 years. >> reporter: step inside this restaurant and find an older union street preserved on the wall. the photo shows a gathering of shop owners and the article talks about the challenge of soaring rents. the year, 1970. over it

finally, it's sotheby's moving higher in after-hours after reporting a narrower loss than forecast on better than expected sales. on the high end auction side of things, it looks pretty solid. back to you. >> thanks so much. states offer billions of dollars worth of tax breaks to every year. states do it so the expects keep their jobs there. washington state just passed a measure to extend nearly $9 billion in tax breaks for boeing in an effort to keep the defense company and its employees in seattle. others, well, they're on the fence about it. illinois, for example, weighing the decision to waive a big chunk of corporate tax in order to keep office depot headquartered in the state. if not, the company says they may go to florida costing illinois 2,000 jobs. are these tax breaks good investments for states. joining me now to talk about it is contributor for washington post, kathy, and carol roth, cnbc contributor. ladies, good to see you. thanks for joining us. carol, you say the states are doing what they need to do in order to attract jobs and keep those companies headquartered in

sotheby's is auctioning off a handwritten manuscript of bruce springsteen's born to run. the everlasting hit song was first released back in 1975. this manuscript contains lyrics that never made it into the final version of the song. the auction house expects the manuscript to sell for 70 to $100,000. >>> well, coming up at 6:30, not everyone is excited about the black friday deals. why protesters will be greeting shoppers the a mainly retail chain. where police are ene of >>> jason kidd won't be stopping at the soda machine any time soon. and the raiders were all smiles early. would they be able to get the big win in big d? sports is next. e scene of ly traffic accident. the latest from the scene. >>> and we're following breaking news in san francisco where police are on the scene of a deadly traffic accident. a live look from chopper 5. we will have the latest from the scene coming up. ,, ,,,,,,,,,,,,,,,,,,,,,, football game, today in san jose. >>> chopper 5 is bringing us first pictures now of this fatal accident in san francisco, happened 5:30 this morning. east 80 at

look what happened at christie's and sotheby's this week with the auction and the art. and gas prices have fallen. this bodes well. >> well, it bodes well. but i think what we've seen and a lot of people have talked about and commented on is this sort of two-track bifurcated recovery. if you're at a certain income level and you have a lot of stability in your job position, your income's been rising reasonably steady the last four, five years, you feel very good about where you are. but if you're in that other income level, you're not doing as well, you feel the uncertainties. the gas prices being alleviated, commodity prices being down. those are great things but you're still die gusting payroll tax cut, uncertainty out of washington, the new this is week on the health care bill. so, i think over the long term what's really got to happen is we have to get our economy growing. we can't just redivide the size of an existing part. we have to make that pie bigger and doll some things in washington to get people back to work and get businesses investing again. >> absolutely.

a book of psalms dating from 1640 sold at sotheby's for a record-setting 14.2 million. the book is believed to be the first book published in what is now the united states, and only 11 copies are known to exist. the winning bid went to businessman and philanthropist david rubenstein who plans on lending it to libraries around the country. >>> listen up, the roads are bad, delays are piling up. we'll go live to the center of the storm for the latest update. plus, find out how it could impact your stocks and your purchases, fighting the storm, as well, who will win the black friday delivery battle, u.p.s. or fedex? the traders strongly disagree on this one. we'll have both sides of the debate. >>> if the weather is bad, what do you do? you go to the movies. the holiday box office is on record pace for new releases. that and much more is ahead on "the half." [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades

the bay psalm book was auctioned off at sotheby's in new york. it was printed in 1640 by the leaders of the massachusetts bay colony. only 11 copies are known to survive. auctioneer david redden explained what the buyer intends to do with it. >> it sold for $14 million to david rubenstein a philanthropist who will be sharing it with libraries around this country and eventually putting it on long term deposit at one of those libraries. >> ifill: the seller of the book was boston's old south church, which sold it to finance its ongoing ministries. the church still has another copy. president obama kicked off the thanksgiving holiday early at the white house today with the traditional annual turkey pardon. flanked by his daughters, the president officially saved a bird named "popcorn" from ending up on a thanksgiving table. a second, back-up turkey named "caramel" was also pardoned but didn't appear at the ceremony. pardoned turkeys end up at george washington's mount vernon estate in virginia. still to come on the "newshour": another delay for the

what about sotheby's they have an auction and what's on the block and could we see these epic prices? >> tonight interestingly is all about warhol. it's -- we've got the silver car crash painting, one of the biggest and oldest warhol paintings saying it could go up to $80 million. this could go well over 80. it's going to be warhol versus bacon and then we have steve cohen selling his liz warhol that liz taylor profile that's going to be a huge piece as well and then we have a barnett newman, selling that blockbuster in the spring for $43 million. this has two lines on it. look at that. two lines. it's twice as good. as the other barnett. >> the other only had one line. pay more for that. >> two blue lines. so this could also -- >> think what he could have got if he put three. >> so again, tomorrow morning, we'll get ready and see more big numbers. >> thank you very much. sue, let's go to yahoo!'s finance question of the day. you answered this poll, francis bacon, never met a bacon i didn't like, sold for $142 million last night. is that right. >> that's right. >> is the art market in

sotheby's auctioned it off yesterday for $14.2 million. slightly below the estimate but good enough to beat the previous estimate of $11.5 million. it was presented in 1640 by pure tan settlers in cambridge, mass. considered the first book printed in the united states, or america, and the buyer was david rub rubenstein. he bought only one of 17 copies of the magna carta and other papers from the founding fathers pep plans to loan it out. >> what i have to know for $14 million s it any good? have you read? >> it's a beautiful piece of religious history. >> the old south church -- >> they do have another copy which they can say is worth at least 14 million bucks. >> thank you so much. robert frank, thank you. a huge thank you to jon and dom and thank you for watching "street signs." we're off until monday. happy thanksgiving, everybody. "closing bell" is next. >>> welcome to the "closing bell." i'm kelly evans down here at the new york stock exchange. >> let's get this out of the way. i'm 6'3" -- >> i'm wearing tall heels. >> i have no persp

the hammer cam came down in geneva on sotheby's auction. most expensive diamond ever sold, 83$83.2 million million f 59.6 karat pink diamond. that is a record not just for a diamond but any jewel every sold at auction. previous record, just for comparison, was $46 million. this almost twice the previous record. back to you. >> holy cow. that got somebody's attention on our set here. >> maria, that would look great with maria. >> i'd say. >> i don't know who bought it but they should give it to maria. >> i think somebody agrees. >> yeah, yeah. thank you, robert. >> that was gorgeous, actually. >> beautiful, wasn't it? $68 million worth, though? >> oh, my goodness. >> an early christmas present from macy's. its stock hit a new record price but it's been a mixed day for most of the market. turned around from being mostly down most of the morning here. >> bob pisani joins us with the latest. >> take a look at dow strilz, we started down, as bill said, we moved up. europe closed around 11:30 and we've been moving up. there's been a lot of specul