Chief of the Los Angeles Police department to is involved in this from the operations as well, chief charlie beck. Very briefly, i want to commend the men and women and their response in this incident. We have created a unified command with that different agencies involved. We will treat this incidence with the unified command. Many, many details that you were interested in will must be given out at this point. We will thus become of the nature of injuries, the identity of the suspect, the investigation is being handled by the fbi with the cooperation of the Los Angeles Police department. Again, you know, tremendous unified response. I know that this region worries about its airport because of the complex issues involved with various jurisdictions. It was handled very well today. Thank you. Obama one second the reader will next year from fbi special agent in charge, special agent the talk a little bit about the investigation. Very well. David dot pitch, special agent in charge of the fbi. First of three working handinhand with our partners to include the Los Angeles Police department, the l. A. Airport police in respect to this investigation. This investigation is ongoing. I will give you very few facts today. Were working with the u. S. Attorneys office as well as our partners. Will not talk about the victims today. We still have people that we have to be in contact with in the meantime. Were going to bring officials in los angeles to be as the story that they know so far, and that is tha a loan rifleman carrying an Assault Rifle earlier today entered Los Angeles International airport right there that a passenger screening area and opened fire killing at least one person, reportedly another tsa agent. As a another because the report is that the gunman was a former tsa agent. Multiple victims, the gunman is apparently dead. Cooper pit. Speaking very candidly, there were multiple wounds and multiple injuries. As we watched thi terminal 3 d. H. , all flights delayed of course which has a domino effects. Major airports across the country, particularly jfk and laguardia. We looked at philadelphia. Disruption of flights, anyone who ever flies up to lax, they are going to have major delays. Flights in the year trying to land have been allowed, so incoming flights can land him about flights are not yet being allowed to take off. A tsa officer, just a recap, reportedly killed, and at least one of the person wounded. The condition of the alleged perpetrator apparently not clear, although the Los Angeles Times is reporting that he is dead. Lets talk about the carriers. Because we are business network, talking about ones that are most affected by this flight delays, southwest, u. S. Airways, why and airlines bv is some word that Spirit Airlines is affected to diverge in america which has a hub there lax. We will bring you more details on this developing story as they become available. The secondlargest u. S. Energy company has been weighing the s p 500 after it missed earnings expectations. The oil industry as a whole has been struggling with an oversupply in capacity issue. Right now chevron down about 2. 8 pennies. That is the one we picture. The biggest fall being today as those numbers came out. Lets check out the new ipos story of the day, of the week, the Container Store, tcs. After the ipo shares shot up some 102 . A stunning move for the company that is interested to organize gasol. I was able to catch up with the ceo asking him what he thought at the exact moment that the stock went public in shot right out. It was just unbelievable. I mean, my goodness. Thirtyfive. It was incredible. Our 305th anniversary, so why not 35. What a start. Liz in just a few moments, he will take on the office of Charlie Gasparino. We will show you come again this office be organized . Mine, too. We will be showing you that. Surging after Research Note that boosted revenue and same source samestore Sales Forecast. Are things finally how many times to have to ask this question about j. C. Penney. Finally looking better . M not a believer, but the shorts on the stocks getting hammered. We have seen a significant pressure. This ceo continues to us about his company, talk about improving sales. Some people and not ready to believe him. You know what, i cd believes them. They have seen improvement in five of the last seven weeks. The analysts listed the Sales Forecast and they say theyre seeing the improving sales trend. With that they are now expecting that the losses will be less as sales will be down just four percentage rather than 6 . When they look at the sales. There is one word cut off. The point of the story is that they are expecting better numbers than was originally planned. They are seeing some improvement. Good news. Liz i will believe it when i really i huge cash flow problem. You and i talked about this. We have seen j. C. Penney struggling verses other Great Department stores. Sears came under pressure as well. We know it is not an easy business. They burned through the cash. And continue to say, hey, things are turning around. Liz on the floor, but we want to blast the stomach crack it open and get right to the floor show. Traders with us in studio. Founder and president of Delphi Management with more than a billion in assets under management. On will start with you. Chomping at the bit to talk about of the market is pretty fully valued. Regardless, we still see a move to the upside in the dow jones industrials. Lets spin it forward to next week. Viagra that the market is pretty bad in value. We have been talking about it for weeks canadians. The fact is the line of weak Resistance Continues to be up and at some point even a broken clock will be right twice a day. If we keep calling for a full lack pullback eventually we will get it. The selloffs that we have had have been relatively shallow. Everyone in hindsight has been a buying opporunity. Is hard to understand why the a board momentum continues, but clearly it does. I think the lines continued to be hired. What that means is anybodys guess. Liz you have talked about how the market is at least fairly valued. Is it over but . From the standpoint of valuation it certainly is in that the russell 2000 and the russell 25 underselling over 21 times earnings. The s p 500 is approximately a 17 multiple. The fed keeps printing money. They have averaged about 81,802,000,000,000 a month. That bad Balance Sheet up close to another trillion dollars yearoveryear. Liz dont fight the tape obviously. The other thing is the Interest Rates are so low that there is really no other alternative. The money keeps driving stocks up. Totally independent a really, what is go ellis corporate earnings in the real gdp of america. Liz reality verses with the fed has created as its reality. That hit the nail on the head. This is the fed induced rally and you cannot save that. He pull back the we have seen in the equimark is been a buying opportunity. It is no different until the fed actually changed their tone and you actually see a change in the buying policy. It is its own market with the fed than there. Liz that is true, but you and i have talked for more than a year about how it is what it is. So it is exactly as we just stated. The best thing going is equities. Equities is the logical choice. They have created an underlying bid for stocks. It is better than being in risks. For some people that is a viable alternative. For others they need more, need to get more juice out of the assets. A couple of other drops in the price of crude. Is this a 90 issue . We will start to rally again. That heating season drying up. A lot of the crude oil is starting to leave the market, getting processed and refined. We start to head up. This week coming up a little further down. After that up we go. Liz i am checking heating oil. Resulted down just a couple of pennies. You have a great weekend if you cant read very much in full force since wednesdays fomc meeting commended these officials around about when the fed could possibly begin tapering. As youre watching each one of the speeches, peter barnes among the big word out of the wall street journal and john Nelson Matthew always has that dixie cup with the string to what is going on is that possibly december. I think a split decision on that the fed did not give any hand. The announcement this past wednesday. The government shut down and the continuing fiscal battles in washington. The fed said that it continues to want to watch the data to make sure that the shutdown and the fiscal battles are not hurting the economy. One of our fed speakers today, president of the Federal Reserve bank of michigan who is an inflation hawk and opposes quantitative easing said that for him personally it looks like lever force conditions have improved significantly since the latest round of quantitative easing in september of last year. It sounds like you would support tapering as soon as the next meeting, which is in december. But his colleague, james bullard, president of the st. Louis for reserve said, the fed also wants reassurance that any progress made in labor markets will stake. They feel that in the past and the reduced quantitative easing they pulled the plug to send and at least the second round which helped to slow down economic growth. Now, we did see one important indicator released today, the institute for supply Management Survey of manufacturers much fun factory activity actually was up slightly in october put a decline in part about a concern about the shutdown but it looks like it has not had the factory floor yet. We also saw that of a bit automobile sales were up nicely. So watch the data. And we are watching it. Liz we sure are. In essence saying lets put a limit on bond purchases. I bet there are big battles behind the scenes. I wish we could be a fly on the wall. Thank you for being a tiny little flight, a lafayette no, your more than that. [laughter] dont know my wings off. Liz i wont. One at a time. I was never that kid. He does that . Terrible. Closing bell ringing in 45 minutes. Just about everyone loves Container Store products. We all get so committed. Investors are adoring all that is the Container Store, at tcs. The stock on its first day of trading jumping. You cannot even believe how high because the Company Chairman and ceo cleans up are very anti the office is here at fox business. We throw the gauntlet down. Also, as the ipo frenzy getting out of control . Look at the Container Store going nuts. Twitter gets its moment. We will find out whether investors could be suffering from its directional exuberance over newly listed companies. When we made our commitment to the gulf, bp hadwo 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 the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Oucommitment has never been stronger. Liz we have some breaking news, and this is a big one, exclusive. It appears that Charter Communications which is moving higher by about 2 maybe weighing a bid for Time Warner Cable. There has been a recent management change. Longtime head of Time Warner Cable retired, stepped down in great glory. The stock right now jumping about five and dvr watching both of these closely. As i mentioned, charter is moving higher. Now it has just lost pull on. I want to check this. If we can put it up, that would be awesome. Okay. Here it is, just about 2 . 2. 94 to be a bold move if it does play out. Charter may make a play for Time Warner Cable. To behemoths. Be watching it. We always hear schools and parents saying stay away from the colts. Now we have a stock picker who it says stay away from colt stock. So many better opportunities. We bring back scott black. Making a big play possibly. We on comcast, directv, but it makes sense to give them scale for competition. Time warner cable is a good operation. We dont own the stock. It is a reasonable expectation. They have planned out and jump once again. The announcement and the actual move. We tried to buy them when theyre cheap, statistically. Does it shock that yours that he does not get into the 60 cult stocks . Is very easy to get sucked in. Less talk about what you categorize as one or two or three or four names. Linkedin, many of these companies have no earnings or the infant multiples this is like revisiting detectable that we had in 1999 and 2000. If you remember, Companies Like dell and cisco sold over 100 times earnings. I dont have to refresh your memory. Liz gateway. Gateway was hot. A lot of those names either merge or went away. You believe that these names on your screen either the four super hot stocks to just stay away from for now. And yet people said that a year ago, and it has jumped to the moon. Well, benjamin gramm, and he used to refer to this as the greater fool of investing. Is because it goes up does not make a good business. It does not have real earnings and a reasonable valuation it makes the great cocktail chatter, but is not really a great investment. Liz lets go to something that is more substantial. The last time that you were here you had a couple of names. Lets look at some of them. Florida, for example. Jumping 21 . How did you go about picking 40 . We knew there would be a turn coming in the back webs of some of these construction companies. The one area that was week was mining. Things like iron ore were doing poorly in brazil and australia. The stock was near its low. 16 per share in cash, with the other sectors of the business were picking up. If united out the cash, wellrun company. We still like it. Of course, the backlog is rising. The earnings came in very nicely liz your next bake. Suspended forward. Could your pencils or your ipad or your samsungs tablet. A name that you are looking at right now. It is one that we own. It is on route one to wait. When you live in massachusetts it was called out the industry. Well burn. And basically they made microwave products for the reagan buildup in defense in the early 80s. Add a big play, but now what it does is what is called mixed signal radiofrequency chips, the stock is around 26, two and a half dollars per share in cash with no debt. Back up the cash and look at next years earnings, thats over eight and a half times earnings. At the billion in cash, no debt. Return on equities is 20 . They are plugged into the apple and the samsung phone. 47 percent of the business is apple and the rest is samsung, but the rest of the business is growing faster than industrial and aerospace portions for radio frequency and mixed signal. Liz your next pick is waiting petroleum. Now that is a name that is up 60 percent already. We have owned it since the day it went public. I had dinner with them. But the Company Continues to do very well. The bottom line is when we looked at bonanza creek, the nobles, selling at seven and eight times next years discretionary cash flow. Still selling. The production is still growing. Liz says it shot any of our viewers that he is so happy . Congratulations. Thank you. This was a miracle year. Liz growing and always picking fascinating names that do well. Thank you very much. Thank you for having me. Liz any time. Thirtysix minutes before the closing bell. Investors are all atwitter. Prices on november 6th. Before then, have you seen the Container Store . Those shares going public this morning, skyrocketing after the ipo. Charlie gasparino will be here to tell us whether investors should contain their twitter excitement. Stay tuned. Ask me what its like to get your best nights sleep every night. [announcer] why not talk to someone whos sleeping on the most highly recommended d in america . Ask me about my tempurpedic. Ask me how fast i fall asleep. Ask me about staying asleep. 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