A nice move for that company. Lets stay with tech for the moment. Got to talk about sony, releasing its brand new playstation 4 video game console at midnight last night. You may remember yesterday jack trenton, president and ceo of Sony Entertainment america, joined us live with one of the consoles on the set. Weve been previewing this thing since silicon valley, three days in the valley. So will the new playstation put competitor put pressure on debt to haves like microsoft . Nicole petallides. Reporter no doubt. And i almost feel an expert many this because my family, full of boys, loves it. Electronic arts, gamestop, of course, where you go to buy this stuff, act vision right now unchanged at the moment, Electronic Arts getting beaten down, 6 to the downside. Im telling you, trust me, take two with interactive, virtually flat at the moment. Lets look at sony which got an upgrade yesterday, people have been lining up to buy the playstation 4, certainly going to be on the holiday lists as well, down about half a percent and year to date a great performer, up about 65 . There have been lines outside to buy this thing. Amazon has been selling it, and ive got to tell you, you could preorder it at gamestop which is what my family did, and then you get the call at home. Liz keep the shot up, because this is outside whats called the Standard Hotel in a very hip part of manhattan, and all these people lined up to buy this 399 console. They wanted to be the first. But jack trenton told us, he said we dont just want this to be a midnight on friday kind of thing. We want this to really continue and people continue to buy this through the holidays and beyond. Reporter yeah. Theres going to be a lot of competition because you have the playstation 4, the xbox 1 will also be a contender, and christmas is not that far away, the hanukkah christmas season, so im sure this is going to be on the list among other things such as apple products and so much more. Liz sony a couple bucks off its 52week high. Jack trenton told us bar none this was going to add to the bottom line, he absolutely feels confident about that. From the gamers to the markets and everybody rolls the dice when they play the market, right . Well, the markets continue to rally after fed chair nominee Janet Yellens testimony yesterday. She said she supported the feds current, very lax policies and very aggressive asset purchases. Lets get right to the floor show and traders at the New York Stock Exchange and the cme group have been chewing the fat over this one. Keith, it almost looks like and this is what makes me nervous sometimes, that people are saying, oh, well, she said clear sailing, Interest Rates will remain low, lets jump into equities, its precisely at that point that something could spook the horses of the herd, correct . There could, but as long as soontobe chairwoman yellen is put in place, the qe to eternity will stay in place, and theyll just keep priming the pump. I think, i watched the testimony from start to finish yesterday, and i think she was quite clear on what her direction is. They tried to pin her down on asset bubbles being formed, she shrugged those off pretty well. Shes going to stay in there for the long haul. As she said, again, the risks of doing nothing far outweigh the risks of doing too much. Economic data was weaker today, a report that inflows in equity funds were high last week and outflows out of bond funds were pretty high last week, so youve got a lot of money chasing this market x be moreover, liz, a lot of the hedge funds and Institutional Investors that thought they were going to be able to put their books to rest on november 1st, theyre going to have to come back into this market. Were up 3 from two weeks ago. Liz okay. As we finish out these certain sign posts on the calendar, certain hedge fund managers, we have all kinds of fund managers, right, charlie moon, that have to fix and tweak their books . But keith just mentioned the treasury market. As we look at the treasury market right now, it still remains less attractive than what weve seen in the equity market, and therein lies the question once again about the herd coming in a little late after a threeyear rally. Thats absolutely true. In fact, a lot of the money has filtered towards equities. As you can see, stocks are trading at highs, and were still progressing higher. The fact of the matter is stocks are very expensive at the moment, very difficult to initiate buys, but people are still doing it now. Liz yeah. And, keith, let me just ask about sectors. What has really taken off here . Technology seems to be a repetitive winner lately, not cisco which struggled, but it seems to be hot at the moment. Well, Technology Got oversold back if october, so youre seeing a rebound in there where people were pulling money out x they got nervous about rates and growth, and also taper in december. But thats all coming back, just go look at any of the sector etfs, theyre at 52week highs in every single sector. This market, i dare say, has gone from the sublime to the ridiculous. But be, again, theres nothing to stop it. As long as the fed is signaling that theyre going to stay there, were going to move higher. Liz okay. So, charlie, im looking at the xlf, the spider financial, the xle, hes absolutely right, materials, theyre all moving higher. It just seems like if janet yellen is the one and she gets approved, then we continue what began with ben bernanke. Yeah. Theres going to be no slowdown until they actually initiate tapering. Liz so, guys, we dont fight the tape. Right, charlie . Dont fight the tape . Is. Absolutely not. The volume and the buying momentum is still remaining bullish and to the upside. Why not play along with it, ride that momentum . The highs havent stopped it, were creating new highs here, were approaching 800, were 1800, 4,000 in nasdaq, 16,000 on the dow, these are psychological numbers that may provide resistance, but so far the resistance has gone away. Its been momentary. Its basically offered up a slow pause in the market liz little, yeah, i mean, measly pullbacks, peoplein whate bit of a selloff. Thank you both for coming on. Have a good weekend. Thank you. Thank you, liz. Liz were going to get wilbur ross opinion coming up, he doesnt look at the macro market, he looks at distressed areas tar down for the count. Well find out what hes putting his money in. Health insurance ceos sitting down with president obama right now just one day after the president announced that Health Insurance companies can keep people on their existing plans for one more year. Peter barnes tracking the story as the ceos are, what, inside right now, peter . Reporter yeah, thats right, liz. About 25 minutes ago we saw a whole gaggle of these Health Insurance executives arrive at the west wing of the white house, and so we presume that the meeting is underway now with the president , and they came here with a warning for him that as a result of this announcement that he made yesterday to allow people who want to renew their, who may have had their plan canceled but now want to renew it, that this change could cause higher premiums for some customers, could destabilize the Health Insurance market here. And aetna, for one, putting out a statement saying that it supports the efforts to allow people to keep the insurance that theyve got, however, we will need cooperation and expedited approval from state regulators to remove barriers that would make it difficult to make this change in such a short period of time. One analyst says this will now take the heat off of the president for all of this controversy and put it onto the Insurance Companies. Take a listen. I suspect this means that the Insurance Companies are going to be exposed to a much higher level of risk in this individual market. Theyll try as best with they can to pass it through in those premiums, but, you know, that exposes them to a huge amount of criticism. Reporter weve already got some states weighing this in on whether or not theyre going to support this plan, liz. Among the states that say that they wont, arkansas, Washington State and vermont and states that say they will, ohio, florida and kentucky. Liz . Liz there is no doubt that the Insurance Companies have been jerked around on the leash of what this will was supposed to be and the law exactly. Can i just say, though, and we love capitalism here, do not cry for the Insurance Companies. They are mostly at 52week highs as we take a look at just basic trading today, everybodys moving higher. They win this way. They win if more people go on the insurance rolls. Either way, you will see higher premiums, as you have decades before this law, peter barnes, came through. I mean, come on. [laughter] you can blame this law all you want, but lets be honest, these premiums have certainly gone higher and higher. Okay. Closing bell ringing in 50 minutes. Hedge funds tuning into some interesting stocks. Theyre taking big bets on pandora, soured on apple in the Third Quarter and what else . What does legendary billionaire investor wilbur ross buying and selling . He marchs to the beat of a different drum. Hes playing that tune for us exclusively here on fox business next, telling us what hes buying. And if you want to know what sort of mayor bill de blasio will be in new york, particularly if your youre in business, youll definitely want to hear what charlie gasparinos reporting. Hes got some exclusive news about the mayorelect that might surprise you. Stay tuned. If youve got copd like me, hey breathings hard. Know the feeling . 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So you can keep more of what you earn. Get started with the new ishares core builder. Design a personalized plan that can help you achieve your investment goals. Ishares by blackrock. Call 1800ishares for a prospectus, which includes investment objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Liz wow, is it a good day for online retailer zoo lily, holding on to gains of 68 . [laughter] i mean, i never heard of this company. Im uncool, but, you know, first day of trading making it our power mover of the hour. It offers goods for babies, kids and moms, pricing its ipo at 11. 5 million shares, 22 per share raising about 253 million total but here we have it at 37, a nice spike, pulling back just a bit. One point was up more than 70 , but a good move here. Very nice move. One year ago wilbur ross started putting hundreds of millions dollars into what aeared to be the stagnating shipping business, buying up gigantic freighters with investor partners. Since then, the index that tracks these things has jumped some 50 indicating that his call was a brilliant one. So what unloved sector or sectors does wilbur love now . Wilbur roth, roth and company ceo joining we in an exclusive, looks like palm beach. It is palm beach. Liz good to see you, wilbur. That was such a great call a couple of years ago. You started buying into the big freighters that it seemed werent having much business. What gave you the sense that they would soon turn around . Well, nothing goes to zero if its a big and real industry, and Marine Transport is certainly both. There are some 50,000 vessels on the sea, theyre worth Something Like 400 billion. So we felt they were not going to go to zero, and they had gotten down to where rates were maybe 90 below what their peak had been only four or five years before. So it felt like we were getting quite near to a bottom. And it now looks like theyre beginning to come back up from that bottom. I think theres quite a long ways to go. Liz thats what i was going to ask you, so theres still upside here if these opportunities because, again, on some of the indexes i was looking at that track dry shipping of everything from grain to iron ore, theyre still about 50 off their highs of a couple of years ago. So you believe theres that much more room to run . Well, particularly in the dry bulk. Weve recently took we recently took over some contracts for some new builds, ships that wont hit the water for another 18 or 24 months, because we felt, a, they were at a very advantageous price and, b, the time period between now and then we think will be enough to have rates get back to a much more normal level. Liz well, can i deduce that since youre taking a bet on these shippers that do move things that are needed for building, that you believe the economy is poised to grow globally at some point soon . Well, it is growing, its just growing at a painfully slow pace. And thats what had compounded the rob for the shipping companies the problem for the shipping companies, because today had overorderred vessels back in 07 and 08. And as those vessels hit the sea, they were being confronted with a relatively sluggish economy. So it took longer than it might normally have for them to work through the excess capacity. Liz wilbur, i was trying to think like wilbur ross, and you look at what looks scary, and you go in there. A while back it was europe. You started to look at european opportunities, marley financials, and particularly financials, and then europe turned around and started to look good. Except yesterday we got some gdp numbers pick it look like that recovery has stalled. Where do you see the recovery right thousand . First of all, i dont believe you can think about europe as one whole. Nobody has ever introduced himself to me as a european. People introduce themselves as german or french or italian, so you really have to look country by country. Because about the only ting they have in common is the the only thing they have in common is the currency. Each of their economies is very different. For example, ireland, where as you know weve made a very big bet and very happy one so far in bank of ireland, ireland is now coming out of the troika rehabilitation program. So it will be the first of the socalled peripheral countries in europe to reemerge. Thats a very good sign, and it gives one hope for portugal, greece and the others. Liz okay. Then you have done well with your irish bank. I looked at some of the names in spain, that looks worrisome, but now they appear to be stabilized. Portugals gdp is falling a little bit more than what people would expect, cyprus is still of concern, are there any areas that are piquing your interest right now that you havent yet invested in . Well, weve been looking now in germany. As you probably notice in the most recent figures, there is a little bit of a hiccup going on in germany right at the moment. Liz right. And there are quite a few banks there, particularly mediumsized ones that seem to have some peculiar problems unto themselves. Liz german banks. Okay, you hear it here. Do you look for the ones that are floundering a little bit . Are there any names in particular that you like . Well, i dont think itd be very good to name a bank that i think is floundering, it probably would make their situation even worse. [laughter] liz this is true. Once weve made an invest. Investment, ill be glad to tell you all about it. Liz what else is starting to look really interesting right now . We saw some hedge funds were making bets on things like pandora, i doubt that fits into your parameters, but freeport mcmoran, we saw one firm buying them up which is, of course, the miners. The miners never participated in the gold move to the upside. Do you like miners at all at this point . Well, again, mining isnt all the same. Coal is one thing, copper is another. Liz yeah. But part of the thing that we do like about the dry bulk space is one of the commodities they do haul is iron ore. And we think demand for that will continue to grow. Be we also have become very interested lately this if heavy building in heavy building materials, aggregates, concretes, cements, things like that. Because we think at some point in here as part of the recovery from the bad recession, we will get some spending on infrastructure whether its private sector spending because of the shale gas or some sort of federal spending. So wety infrastructure spend we think Infrastructure Spending will pick up, and a good way to participate in that is the heavy building materials. Liz ive got to tell you, youre incredibly exciting to talk about because youre saying german banks, infrastructure, more into with shipping, there could be a turn around whether it is state or countrysponsored or private sector sponsored. Wilbur, i agree with you, this economy as really slogged along at a very slow pace. What did you think when janet yellen during her testimony called it a robust recovery, as she sat before the Senate Banking committee . Well, i guess to quote bill clinton, it all depends what you mean by robust. I dont think its robust at all. Especially not from the job point of view. But i think the job problem is a more or less em innocent one permanent one, because the truth is the high schools and even some of the colleges are not turning out people who have the equipment, the intellectual equipment to deal with the work needs of the technology economy. So i think lagging employment is, unfortunately, going to be with us for quite a little while to come. Liz wilbur ross, thank you for your ideas and for sharing them with our viewers. They are aspirational. They would like to be as successful as you, so thank you so much. Thank you, liz. Liz okay. Were 37 minutes away from the closing bell. Wall street cautiously eyeing new york major bill de blasio. The mayorelect has said a lot of things, but whats his real position on the free market . Carly gasparino has an exclusive story thats sure to add fuel to th