Shortly after ben bernanke wrapped up his speech. We will get into exactly what he said in a minute. But the homebuilders seem to be kind of impervious to all things bernanke. Gains across the board thanks to strong data on Housing Starts and permits that came out today. They looked pretty good. Oil, though, taking the spill listen, up 2 yesterday. Down more than 2 today. Traders heading for the exits on word and its only word that there may be a ceasefire in all of the tension in the gaza strip. Over the past week, fighting between the israelis and hamas, rockets along the gaza strip, its continue to escalate. Its caused oil prices to spike in fear of supply shortage. Word on the ceasefire reversing those moves today. Again you are hearing signs from both sides, who said ceasefire . Who said that . Its just a word. It might be premature. Lets get to the floor show with traders at the New York Stock Exchange cme group and the nymex. We should start with Elliot Warren who is at the nymex. What a reversal you must have seen. Word of this possible ceasefire, again no real support to it but suddenly prices fell. Well, liz, you know, we talk about this all the time, about how crude is really a news driven market. You see tension in the middle east, take it up. You know, you take a little pressure off and the market comes lower. They are always looking for a story. Theres a little bit more interesting thing to look at in crude if you really want to talk about it, though. I mean there are options that trade on this market. And the upside in crude tends to trade at a discount. I dont want to get too technical on it, but today they are still buying upside calls in crude. While the underlying futures have come off, there is still people who are hedging their bets and, you know liz believing it will go higher. It could still spike exactly. Liz despite the fact that neither gaza nor israel produces oil in any major form; right . News driven market. Doesnt really matter. Its all perception; right . I mean thats what drives markets more than anything else. It is emotion and perception. Especially a market like oil. So, yeah, if they have an excuse to move the market, we will take it. Liz teddy weisberg, what emotions are you feeling today on the floor . We started off pretty well. We got good numbers for Housing Starts and then bernanke enters the picture. Well, liz, i think they are trying you know, we had two decent days certainly yesterday. So perhaps they are due for a little rest here. But i think the Bigger Picture is that theyre still in trouble. Theres just simply too many unknowns out there. I mean, you know, unless you have a crystal ball and you are clairvoyant, i mean its got to be really tough to dig in here and do anything positive with the market until some of these unknowns go away, flo mat no matter what the outcome. I dont think it necessarily has to be good or bad, we just need to get some of these things off the table. Liz scott, can you short volatility or go i dont know. What are you seeing in the the pits in chicago . Are they doing something where the vix . Elliot just talked about puts and calls. People believe maybe oil will eventually continue to go higher. What do they say about volatility . We have a volatility market here. They are not really worried. I have been doing it for 24, 25 years now and i get nervous when i see the vix really not react. The ten year is telling us we have some things to worry about. The stock market is kind of ambivalent. And the vix is telling us dont worry at all. So we have got three Different Things to worry about here. Also weve got that 200 moving day average in the s p, in the index, the spx and were bumping right up against that. That could give us another clue where well be going the next three four weeks. Finally we have the politicians given the opportunity to disappoint, they generally do. Look at europe. I think thats something we need to wrap around a big red bow on and give ourselves for christmas. Liz id rather have a fancy car. Whats your next target, scott, the next ceiling or floor . I think we could see another 2 to 3 percent off the market going into year end hopefully we get a deal from the administration and i think we unleash some capital in the market. Liz quick question about natural gas, what changed from yesterday, elliot . You know, we have talked about this too. Natural gas is a very strange market. I mean, i have to understand you have to understand, producers and the people that own a lot of natural gas, as it rallies, they cant sell it because the amount that they sell will crush the amount that they still have in storage. The only thing i can think of is that its really more of a technical, any fundamentalist will tell you that that natural gas should be a lot cheaper. T. Boone pickens thinks it should be trading at 4 bucks. It is on its way to 4 bucks. Thats the best i could say. Liz hes now saying dont use the t anymore, sort of like prince, changing his name. Thank you very much. Good to see you all. The dow falling to session lows following comments from fed chairman bernanke. What did he say that freaked everybody out . You know, the fed chief says that the fiscal cliff outcome will makeorbreak the economy in 2013. We knew that. But i guess peter barnes, it gets a little more legitimacy when it comes from the fed chief . Peter yeah, liz, listen, bernanke trying to push politicians here to cut a deal. He said that the fiscal cliff poses a substantial threat to the economic recovery. He embraced forecasts by the c cbo and others that it could send the economy into a recession, but he said the fiscal cliff is already hurting the economy. Uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer term budget situation will be addressed appears already to be affecting private spending and Investment Decisions and may be contributing to an increase sense of caution in Financial Markets with adverse effects on the economy. Peter now, he said the fed is ready to keep helping the economy of course, suggesting more quantitative easing as an option for example, maybe making qe 3 even bigger. But bernanke said that in the worstcase scenario, with the economy falling off the whole fiscal cliff, january 1st, quote, i dont think the fed has the tools to offset that. Thats kind of scary, liz. Liz well, thats it. Thats what it really was, i think. Theres an underlying message there to congress. Hes probably so sick of congress can you imagine what he says about congress behind their backs . We have done enough. Its your turn now. Get this done. Peter, thank you very much. Peter barnes. New Home Construction you could argue really that the fed has helped that. The latest numbers it rose to its highest level in more than four years. My next guest says the recovery in housing is just getting started. You should be investing in it right now. Clear bridge advisors Portfolio Manager, hes joining me in a fox business exclusive, so it is not too late . Because i look at some of these homebuilders and they have had such great run ups and i think missed it. No, were just getting started. I feel kind of cheated actually because it just felt like a week or two ago there was serious substantial debate as to whether or not the Housing Market had, you know, really the recovery had even taken, you know, hold. And now it seems everyones changed their opinion and the stocks have run too much and weve missed it. Liz theyve changed their opinion because we have gotten a couple decent data points strung together showing that wait a minute finally its not so awful. Think about it, the number today points to and estimates are going to take new Home Construction to maybe 750, 8, maybe as high as 900,000; right . We got as low as i believe 300 at a run rate of about 250, 300,000 homes per year. And based upon population growth, we should be building in Household Information we should be building between 1. 2 and 1. 4. So thankfully over the last few years we have taken the time to absorb a lot of the excess supply thats in the market and now its no should be no surprise that we are building some new homes. Liz whats the best way to play this recovery . Youre saying it is in the early stages . It is. Some of the homebuilders have run up a little bit more than others. I like everyone to think about maybe some of the Building Products companies. Some of the Companies Like a whirlpool, for instance, which is one of the Worlds Largest appliance manufacturers. A company like mohawk one of the Worlds Largest carpet and flooring manufacturers. I mean, i dont know, talk to your friends. You know, when is the last time anyone bought a new washing machine or replaced their carpet in their house . Its been a while. Liz its been a while so the cycle is getting ready to turn perhaps. You have some demand and as jobs continue to improve and Consumer Confidence improves, it will happen. Liz you know, Charlie Brady pointed out to me hitting multiyear highs. Hes talking about names that got bumps around the hurricane, like eagle materials, boy they did so well because people thought you were going to need those materials. Newell rubbermaid, lowes sherwinwilliams these are names that hitting multiyear highs. If that doesnt sell people. Do you think they should go for individual names . I do. It is terrible some of these stocks would get a bounce when you know theres going to be a shortterm blip in demand because you have to repair homes in new jersey or long island, the reality is youre talking about multiyear high. This market sold of and bottomed in 06. We have a long way to go. Liz lets talk about the funds you manage, legg mason clear bridge mid cap core and mid cap growth. The performances for both of these look Pretty Healthy to me. For at least the mid cap core, youve got a year to date up nearly 13 . Three year, up 11 . The growth is year to date up 14 . One year up 18 . The names that are in here, for example, what is it that you do when youre picking a mid cap name, what does mid cap really mean to you . Well, its the kind of the goldilocks of the Asset Allocation model; right . Not too big, not too small. Not a super megacap thats having trouble growing but then you are not a riskier Small Cap Company that maybe is relying on one product. Liz are they getting funding from banks . They have plenty of capital. Certainly, you know, greater access to capital than some smaller cap names, better balance sheets, not quite as big like an ibm for instance. Liz you have Caseys General store of one of your favorite names. Theres the goldilocks picture. You look adorable. Now your friends from college are going to call. [laughter] liz got to have some fun here; right . Looking at Caseys General store which is one of your picks in here. Why that name . Caseys is in a stable business, they sell gasoline and pizza and cigarettes, all this kind of stuff all throughout the midwest. Occasionally you get a period where they are up against rough comps, right, so occasionally you get a period of time when the fundamentals dont look as strong as they are over longer period of times. This is a very very stable business. And so we think that caseys will once again behave the way, you know, it has over great long periods of time. Liz okay. Brian is coming back in a minute. Hes got more mid cap names. Mid caps are a little bit gutsier names he says will be just right for your portfolio now. Dont be scared as a Retail Investor of getting in, brian says. Closing bell ringing in 48 minutes. We are now down 18 points having been lower by more than 90. We will see what happens here. Medtronic, a stock thats moving higher today, you may need their product some day, all of you, millions of peoples hearts are running thanks to these medical devices made by them. But uncle sam could hit the company where it hurts when in just six weeks on january 1, that new tax on devices kicks in. So how is medtronic going to deal with it . You may be surprised. Coming up, the game plan, only on fox business from the chairman and ceo of medtronic in a fox business exclusive. Look, if you have copd like me, you know it can be hard to breathe, and how that feels. Copd includes chronic brchitis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily inhaled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all dicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or probls passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd spiriva helps me breathe better. blowing sou ask your doctor about spiriva. Well, having a ton of locations doesnt hurt. And my daughter loves the santa. Oh, ah sir. That is a customer. Lets not tell mom. [ male announcer ] break from the holiday stress. Fedex office. Liz has anyone taken a look at the best buy chart lately . It looks like a ski slope going down. Shares plunging again today down 13 . This is just a two month picture so you can see what an awful day it is just right here. Big drop off nearly 12 . Best buys quarterly numbers they missed street estimates by a mile. It is all about the internet. Amazon is eating best buy for lunch for lunch, it seems a deal isnt in the card any time soon. The chairman wants to take best buy private. Thats not happening. Take a look at the one year. Its just been terrible for best buy investors who used to have a 28 stock and now 11. 96. Hewlettpackard is hitting new lows today. Here we go, we can see that hp is the worst performer on the Dow Jones Industrials after that acquisition of autonomy turned out i called it wrought earlier nicole petallides. They found some serious accounting errors here. It is a disaster. Nicole this is a disaster for hewlettpackard. 8. 8 billion dollars charge or writedown that they have to take here for hewlettpackard. As you noted it is the number one loser in the dow. Been the biggest loser in the s p 500. The stock is tanking. Its at the lowest levels liz that we have seen since 2002 for hewlettpackard, right . Its basically a ten year low here for the company. And the whole idea is with this acquisition that hewlettpackard autonomy last year, e company, hewlettpackard feels that they were greatly misled as far as the accounting and financials. Autonomy has come out and has denied those claims of fraud. So whats the truth . This is going to untold and untold i mean this is not a story that will end at the closing bell. In the contrary, we will find out more and more. In the mean time you are seeing hewlettpackard down almost 12 . Back to you. Liz they have had to take earlier writedowns on other companies that were just complete busts. It is tough for meg whitman. Shes trying very hard, but again she said you cannot see fraud sometimes. They are not saying its fraud, but when you want to hide something, you can hide it. Then no matter how hard you look, it is very tough. Thank you nicole very much. Lets shift gears here to a company that is so huge in medical devices, medtronic is up more than a percent right now reporting Second Quarter earnings this morning. First off, they met estimates on earnings. They beat on revenue. Revenue grew 5 this quarter. Now, this morning in a fox business exclusive, i asked medtronic ceo omar ishrak what exactly is fuelling that growth and theres more. I would say that the continuing stabilization of the end markets in our cardiac rhythm businesses and spine businesses helped a lot and, you us and big businesses and theyve been under pressure for quite some time, but they are really showing continued signs of stabilization so thats helping. Liz from stabilization to outright growth is there an area of your business that looked super strong or stronger than you have seen it in the past . Japan had an outstanding quarter. They were up 12 on the back of new Product Launch we did out there a couple months ago. And the outlook there continues to look good. Broad based but driven primarily by our coronary business. Japan is a standout. Liz can you beat on these numbers as you have done in the past once that special tax against medical device makers kicks in through the Affordable Healthcare Act . People are wondering will that hurt your ability to make money . Well, number of things, first of all, you know, weve known about this happening for a while. So our approach has been to focus on things that we can control, and so weve been trying to devise our spending and Investment Plan that takes into account the device tax. Liz if its a knowable then, omar, my question is very obvious, have you already started to see it impact the way you innovate, the way you do research and development, the money that you do or dont spend . Indeed it has because, you know, our spending for next year, for example, includes a provision for the device tax. And that would be investment that we would make elsewhere, in either distribution or new products, clinical trials, a variety of areas. So it does take money away from other areas. But again, the outlook that weve issued includes it. Liz all right. Lets look forward then on the innovation. What are you pushing forward for now . When we last spoke in davos, yo were talking a lot about different kinds of diabetes or different kinds of sort of home therapy options. Whats exciting to you right now in your pipeline . We continue to work on what weve called the artificial pancreas or a way in which heavily insulin dependent diabetics can manage their diabetes in a much more automated fashion. That would be a breakthrough. Well get there in incremental steps. We are excited about it. There are areas in minimally invasive heart surgery for valve replacement. That process also is getting traction, again available in europe, a lot of excitement about it. Liz were also looking forward to or at least have to look forward to what may be the fiscal cliff and of course the changes in the dividend taxes. Would you, are you considering, have you had any discussions as it pertains to a Pretty Healthy dividend that you guys have doubled over five years over at medtronic to maybe do a onetime special dividend before the end of the year, before the taxes on dividends go up or perhaps push up the date of the dividend . Weve got other constraints regarding the dividend because we have a lot of our cash thats generated outside the u. S. And that puts a ceiling on how much dividend we can give back to our shareholders. Hopefully through this reform process, through the tax reform process, there will be more favorable regulations regarding overseas income, and when and if that happens, you know, well look at our dividend again, but right now were really constrained by the fact that a lot of our cash is generated outside the u. S. Liz with the president reelected, four more years, would you like to get his ear, and if so, if you got it, what would you tell president obama about business and about what you do . Well, a number of things. You know, first of all, move more quickly in healthcare towards pay for value. I think that in the end is extremely important as opposed to pay for procedure, for the Overall Health of healthcare and matching the cost and value of healthcare. The second area is really the one i touched upon, get tax reform done, help us with maybe some form of territorial tax and help us with income thats generated outside the u. S. Liz are you optimistic about business in america . I am. I think there are opportunitieses in the u. S. I think well need to get through some immediate challenges, agree on a path forward, but theres lots of opportunity here in healthcare, specifically, and we intend to participate in it. Its still a nation with a lot of innovation, a lot of expertise in technology, and i think if we can use it right, not only can we help healthcare here, but we can also participate in end markets around the world. Liz omar ishrak is the chairman and ceo of medtronics while he was talking up another two thirds of a percent for the stock so looking Pretty Healthy today. Closing bell ringing in 36 minutes. Okay, this is the biggest Insider Trading scandal ever. One of the stars in the Hedge Fund World may be caught up in it. Charlie gasparino has the story. Hes coming down to tell you that next. [ male announcer ] if youre eligible for medicare, now is a good time to think about your options. Are you looking for a plan that really meets your needs and your budget . As you probably know, medicare only covers 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. 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These kinds of plans could save you in outofpocket medical costs. Youll be able to choose any doctor who accepts medicare patients. And you never need referrals. If youre thinking aut your options, call today. When you call, request your free decision guide. And find the aarp Medicare Supplement plan that may be right for you. Liz a star in the Hedge Fund World steve cohen and his a sac capital in the spotlight. Now cohen was not charged in the alleged 250 Million Dollars scam, but will he be . Charlie gasparino has covered steve cohen, knows him. He has the latest on the case. But first some details on the fiscal cliff negotiations. Lets go through this really quick. Heres what we know, we hear from our sources in washington, these are good sources, theyre getting this directly from the legislative leaders themselves or the staffers on the various committees that the republicans appear willing to raise taxes on the wealthiest part of the deal, the upper brackets are clearly on the table. On the table in a way that if i was to say a betting man right now, you know, theres going to be some tax increase for 250 and above. Liz i say a million. Theres going to be a tax bracket increase. Heres where the republicans are looking to cut their deal. They are looking to cut a deal on other taxes, if they agree to that, will the democrats scale back on maybe dividend taxes and the tax i hear on the table, bigtime for republicans is amt. Alternative minimum tax, talking about a big number of people getting brought in, they are looking to scale that back. And thats where we are right now. The deal with the republicans i hear want to do is something to appease the tax hawks, like the grover norquists. Lets see where that upper bracket is. I hear it moves up. Maybe its a million. That is done apparently. Theyre going to move that up and see what the democrats are we should also point out that a lot of people thought negotiations werent going on. They were just taking the time off. I hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. Maybe it will take tomorrow and thursday off. But they know time is of the essence. They have to do this before the Christmas Holiday because you dont want people thinking their taxes are going to increase during the largest spending time of the year. Now lets get to steve cohen which is fascinating. I mean clearly cohen is implicated in this case with this fund manager. Now, has he been charged . No. Heres the deal, the fund manager, worked for him, was a major fund manager at sac capital, one of their satellite divisions that dealt directly with cohen. I cant remember his name. Liz get the name right. Help me out. Get your producing team to get his name right. Heres the thing, this guy says hes innocent. The real question is steve cohen. What is the future of steve cohen . And where is he . I can tell you in a major way cohen is being eyed by the federal investigators. Hes been in the news a lot. We have a very interesting conversation, a deposition he gave in a civil suit. It was a civil suit against fairfax financial, against sac capital. Cohen got brought in on the suit. They asked him what was what is Insider Trading . Do we have the full screen because this is fascinating stuff. Liz we dont have the name. We dont have the full screen. What is going on . [laughter] anyway, they asked him, do you know what Insider Trading, can you give a yes or no answer . What is Insider Trading . Liz he said i cannot give a yes or no answer. He said i cant give a yes or no answer. This gets to some ambiguity with Insider Trading. As someone who sat with a lot of federal investigators, they dont think its ambiguous. They think there is a real yes or no answer. Thats why hes in the crosshairs. We should point out in this case, this fund manager dealt directly with cohen on a number of examples. Hes not named specifically. They talk about him. Its the fund companys owner, and not only that, hes Portfolio Manager, hes named as. Remember he runs a portfolio at sac where he gets sort of information from his other Portfolio Managers and they funnel it up to him. So hes implicated in this. We should also point out that cohen is declining comment. We have asked him liz well every article is calling him matthew martoma. Hes out there. Thats the name. You found the guys name. Thank you. You have a computer in front of you. Matthew what did you say his name was . Liz martoma. I think he is subsidiary here except in one instance, does he flip and bring in cohen . Because remember, 250 million, thats about four times i believe what they wanted what they said raj, the gains that raj got on the galleon case. Liz is there anything to flip . Maybe cohen didnt do anything wrong . Theres always a possibility. But im saying this, think about this, if youre looking at 20 years in jail, and youre that close to the guy at the top, im telling you, raj got 11 for 50 Million Dollars, you know, alleeed illgotten gains. Liz this is the biggest ever. This is huge. I have never seen anything like this before, 250 Million Dollars. That is like going to jail i mean, like i said, the numbers they put up with raj, when they added up how much money he made on illicit gains was Something Like 50 million. Okay . This is many many more times. Hes facing a lot of jail time. Liz charlie gasparino, 26 minutes before the closing bell rings. You can bet charlie will be on this story. We will be right back with much more. Dow jones industrials trying to pare the losses here. Down just 18 points. Can we make it to the flat line . We will see. Dont move. Robert im robert gray with your fox business brief. Shares of groupon are surging today after a hedge fund purchased a nearly 10 stake. The purchase is a sign that at least one big investor has confidence in the online deals company. With a long list of resignations at zynga continues to grow. All Things Digital reporting Vice President of Business DevelopmentJonathan Flesher has stepped down to spend more time with his family and pursue more opportunities. During his tenure at zynga he sealed deals with yahoo google, msn and aol as well as worked with celebrity endorsements including lady gaga and snoop dogg. His last day was november 9th. News corp. Has acquired 49 stake with the yes network. It can buy additional stake in the network after three years. That could bring its ownership to 80 . Newscorp is the Parent Company of the fox business network. Now we continue our countdown to the closing bell with liz claman. Liz the madness is almost here. I stay away. I do not go running through the doors trying to get my way in. Black friday, and the start of the Holiday Shopping season, more and more Stores Opening their doors on thanksgiving night. But is it possible to enjoy time with your family on thanksgiving and not miss out on any big deals . Ebay mobile has the answer. Ebay mobile devices Vice President joining us in a first on fox Business Interview from Mountain View california. You did a study and you have pinpointed the exact time that you believe people finish their dinner and are ready to shop on the mobile devices. First of all, steve, what time is that . Well, its probably going to be about the time you are having pie, so we call it postpie shopping. Liz okay. Is there a point on the clock . Well, you know, its roughly 5 00 p. M. We see a big burst in all the shopping income the evening hours and this holiday when everyone is together, we think they are going to be inspiration and they are going to be about awareness about gifts they need to get for the family, so it is a perfect time to actually act on that inspiration. It is in the palm of your hand. Liz so the pie goes in the mouth, thats it. And actually ebay is saying 5 23 p. M. East and west coast time, boom, people will start shopping and thats when you will release a whole bunch of deals, am i correct, on ebay . What kind of deals will people see . Thats right. Were going after the things the matter most in holidays. Toys are on everybodys shopping lists for presents and Consumer Electronics will be big as well. We will have a selection of all the great products that people are looking for and they will be able to do those only on mobile, special mobile deals going after this idea of when is it convenient to you and the fact youre with people, right, and you will Start Talking about the gifts. And thats different, right . Because it wasnt socially acceptable to pull out the computer maybe at the table but people will use their phone. Liz yeah. I think it was two thanksgivings ago all of a sudden i looked and we were all on our phones. It was really it was a touching family moment, i must say. Lets talk about [laughter] liz electronics. Ebay sells a tablet every two minutes, thats what i heard. What kind of deals on which tablets . Are you going to have the mini ipad . You tell me. Im dying to know so our viewers know. Look, the selection in Consumer Electronics is enormous. Whether its an ipad mini, they are already hot on ebay right now. Or other, you know, some of the leapfrog type tablets for the kids, theres various kinds. Those are trending right now. We see people scanning those with our red laser product. So its really the whole gamut of all these tablets and we have the best deals. You can get the product quickly. So its all about selection. And again, you know, in that moment, right, you think about someone tells you about their ipad mini and right in that moment youre inspired, right, youre interested and you act upon it right off the bat. Liz 10 billion in mobile transactions this year. Okay . Youre looking at possibly reaching what do you think you will make . I mean it was 5 billion last year. Youre anticipating a doubling here by the end of the year . Are you close to reaching that . Will you be able to come back on fox business and say liz, we did it . Oh, you bet. Were on track for that number. It is fantastic. Thats a global number. And, you know, we see fantastic growth. I mean this year alone, you know, mobile has become an acquisition channel for new customers. This year through q3 we added 1. 8 million new ebayers. We have never seen these customers before. So mobile, it is shopping awareness right . Im with you in the room and i start buying a product and get a great deal and you become aware of it. What are you doing . Im buying a tv and i have a great deal. Suddenly like really . On the phone . Thats what happens, theres a viral thing that happens in a big way. Liz we see it with the best buy numbers. People dont feel the need anymore to walk in to a best buy. Its you guys, its amazon. Which brings me to the mobile wallet issue, paypal has been there. Its in essence wifi wallets and theres competition there too. How do you guys hold on to the market share that you have and not get chipped away by the new upstarts . Well, i think for us it is working with the retailers, righting . Right . The retailers are really important in the holiday season. Both our paypal business, e may, and the mobile business we are working with retailers; right . It is all of commerce. Our apps, you will start to see a companion experience as i walk into a brick and mortar store. So ebay is about connecting buyers and sellers. These brick and mortar merchants, they are our partners. Liz okay, finally [inaudible] are they biting into the ebay business . I imagine they might in a certain way, but it might be a different consumer. You tell me. It is a different consumer. In some cases those are inspirational shopping or theres like deal attention because it is a timed deal. We do the same thing. Its that we have a much bigger inventory. Liz before we go, steve, you have 108 million users. I know you guys contract every single tick of all of this. So much worry about the fiscal cliff, are you seeing any pullback, any sort of shrinking away of doing these kinds of buying on ebay . Not really. Mobile is a new paradigm for shopping. It is situational and because of where you are and who you are with and the time of day, and its every waking hour of the day, you can shop. And so theres a shift of internet use to mobile. Were seeing tremendous growth all the time in mobile. Liz ebay mobile Vice President. Thank you very much for joining us. Stay tuned. Were coming right back. Dow is still down about 24 hoints. 24 points. Before copd. I took my son fishing every year. We had a great spot, not easy to find, but worth it. But with copd making it hard to breathe, i thought those days might be over. So my doctor prescribed symbicort. It helps significantly improve my lung function starting within five minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. With symbicort, today im breathing better. And that means. Fish on symbicort is for copd including chronic bnchitis and emphysema. It should not be taken more than twice a day. Symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. With copd, i thought id miss our family tradition. Now symbicort significantly improves my lung function, starting within 5 minutes. And that makes a difference in my breathing. Today, were ready for whatever swims our way. Ask your doctor about symbicort. I got my first prescription free. Or click to learn more. [ male announcer ] if you cant afford your medication, astrazeneca may be able to help. Liz he believes in the consumer, once we get the fiscal cliff all sorted out. Clearbridge advisors Portfolio Manager has some picks for you. Hes a maniac for mid caps. Here to tell us which ones you should have in your portfolio. Stunned at the pick you have right now because it has sold off so much, which i like, because that means you are not buying it high, but there are other names in this space, but you like ross stores. Yes, in the shortterm here ross has suffered from concerns about tough comparisons and hurricane sandy, but the reality is ross has been a great, great grower with very very high returns over a long period of time. Tj maxx is certainly up a little bit higher than that. Yes, tj maxx is not their competitor per se, all the branded stuff, these guys sell great branded stuff, off price and as consumers shop more wisely, they continually to go back to ross stores day after day. Liz anyone buying jewelry these days . Yes, dont you buy jewelry . Liz whats your jewelry pick . A very fragmented market, a lot of independent dealers and jewelry merchants that really now because credit is tight, they almost cant even afford their own inventory so i really do think that signet has a chance to be a category killer where there isnt one today. Liz finally it works perfectly with the discussion we just had with steve at ebay mobile. That thats the first is the need to increase loyalty amongst your shoppers. We know that retailers have a problem with guys going in their Stores Shopping and then going home buying something online. They want to increase the loyalty of their shoppers and their programs do that. Alliance data also runs private label credit operations, and so they run credit cards for most of your smaller and mid sized retailers. Liz the way of the future is mobile payments, the competitors are out there. Right, so the beauty of it is is that it wont be a plastic card that you carried around in the 80s or the 90s, it is now an app on your phone so all the retailers that you know and love will be on your iphone, whoevers mobile wallet it is, it doesnt matter, you will be able to shop liz im Getting Better at that. Here are my fruits at my Getting Better at the mobile wallet thing. These are my ebay finds. I buy these metals and put them on silver rock chains and make them into necklaces. They are antique and very cool. Ebay has the great finds. You just put your phone up, charge it, and there it is. Brian, thank you very much. My pleasure. Liz hes Clearbridge Advisors portfolio. Happy holidays. Happy thanksgiving. Liz thank you very much. One mining stock today is sinking on all kinds of bad news. Then goldman gives it a slap in the face. I will tell you which company it is next. Stay tuned. I always wait until the last minute. Can i still ship a gift in time r christmas . Yeah, sure you can. Great. Wheres your gift . Uh. Whew. [ male announcer ] break from the holiday strs. Ship Fedex Express by december 22nd for christmadelivery. He loves risk. But whether hes climbing everest, scuba diving the Great Barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesnt nickel and dime him with hidden fees. So he can worry about other things, like what the market is doing and being ready, no matter what happens, which isnt Rocket Science its just common sense, from td ameritrade. Liz bad enough as a minor, slow down operations, cant expand as quickly as you wanted to in asian regions, but Goldman Sachs cuts the rating from neutral to a sell. Yes, this is happening to cliffs natural resources. Stock down 11 at the moment, more than 11 , close to 12 in the final few minutes, a clip of 4. 12 to 305 3 , watching it moment by moment, but a tough day there and for the market. Suddenly, terrorist its not as bad as it was. Lets see what david asman can do preparing for after the bell. David the hedge funds, Stephen Cohen hit by charges from the fcc, people from within his group, implications are that, in fact, there was some inside trading going on. If true, it could be the biggest Insider Trading cases in history. A lot of big news coming down. Nicole at the New York Stock Exchange. Hp, the big news this morning, they way over paid for the company they bought by billions of dollars, and the stock is getting hammered. Hammered, indeed. Down to tenyear lows for packard. The reason were in the red here going into the close, and they are down, 8. 8 billion for the Software Company they bought last year and didnt understand the financials. They were hidden. Liz i could use coffee, and Green Mountain perking up by a percent. Is that a pop . Its not that great. They are getting a new ceo. Earlier, today, they were up over 6 . Lost the gains, liz, so youre right, but Holding Green is a good sign. David another stock in the green, jppenny hit, 51 down, a nice pop, about under 3 . Well, heres the deal with jcpenny, continued pressure, the turn around plan, Stores Within the stores, but you had a downgrade from moodys today, and that does not bode well. Concerned about financials in