Apiece after the close yesterday. Checking the shares at the moment, up nearly 2, 21. 87. Facebook will likely make a bunch of new investor friends, because itll become a member of the s p 500, also the s p 100 next week, so this means facebook shares will automatically get snatched by some index and investment funds. Lets have a look, a huge session for the social network, 2. 58, thats 5. 25 , thats a nice jump putting the price at 51. 97. Now, unlike facebooks rally, lululemon having a sour day after it warned about a sheer forty be quarter. Fourth quarter. Straight to nicole pet lee d. C petallides. Reporter taking a look at lululemon, lori, looking you can see its down about 11 to 60. 78 a share. When lori says sheer, that was one of the many problems that lululemon has faced, they went back to the manufacturer, they had to recall some pants. That being said, theyve had to lower their fullyear numbers. They said Quality Control was an issue, getting the products back to the stores and on the shelves also challenging. And while they think things will go smoothly in 2015, they have to be realistic and say, well, all bad press has ultimately hit our stores and slower traffic. The amount of people walking through those stores as well. And dont forget, these are not cheap items. Those yoga pants at lululemon are 100. In the meantime, you also have the ceo stepping down and the new ceo coming in who came from lbma, also thoms shoes and louis vuitton, so has a lot of obvious experience, but there is some transition going on in this particular company. Back to you. Lori thank you so much, nicole. Well see you soon. Overall, markets are trading lower here, investors starting to lock in yearly gains. Is the santa claus rally coming to an end . I dont know, because we are seeing some late session buying here. Lets get to the bottom of it with our floor show, traders at the new york stock exchange, the cme group and the nymex. So Jonathan Corpina at the new york stock exchange, to you first. What are you seeing, theres some momentum building, correct . We had some Economic Data that rattled our market a little bit, normally not earthshaking news, but it seems like in this market has been fragile lately, and investors have been looking for opportunities to take profits off the table. Thats what we saw this morning. I think overall when youre going to look at the month and the end of this quarter as a whole, this market will continue to see the growth that we have seen over time. We talk about the santa claus rally, were getting fewer and fewer days left to trade, were going to start seeing some hedge funds that have been trailing the market so far have to up their performance, so more money will be coming in in the next few weeks. Were going to have a couple of short trading sessions that will affect things, but other than that, i dont think were going to get too panic in i finish panicky over the news. Lori surprisingly strong retail sales, so what does that say about the feds next move . You know what . Im going to look more at the retail sales than i am jobless claims. Thats one week it flipped up, it happens. Weve got to look at this thing over trend. I think the biggest fear is fed taper. The market seems to think it might happen, i dont know that it will. Even if it does, that should be a good thing. It means the economy can handle itself on its own, and that will lead to better corporate profits down the line. In the short term, maybe not. But im Comfortable Holding positions right now. Record hover do you mean it will announced at the meeting . Because its going to happen sooner rather than later, right, dan . Just to clarify. The big question right. The big question is will it happen next week. I think youve seen a lot of people say it will. I think more likely what youll see is the fed giving some clarify i case as to when it will happen. Probably not next week. Probably not. Lori i do want to stay with you for a moment, dan, because a lot of people are raising their Overall EconomicGrowth Expectation on the back of this better than expected retail read. Are you . Absolutely. I think youre starting to see things come together not only here, but in europe and in china. Europe is slowly working its way, china is coming back out of its problems. But our economy seems to be on solid footing. And despite this mornings payroll number, youre going to look at employment thats going to get better over the next six months. If it does, our economy is getting stronger. Lori okay, now. Thank you, gentlemen. To Jeff Grossman at the nymex, and i know you keep a close eye on crude, but im wondering if you could comment on the trade in gold since we saw such a big move lower today. The gold is trading in what i still consider a normal range here. Unfortunately, everyone has this idea that the market has to go back up here. They still remember the 1900 level or whatever. This market is working, in fact, i still think it could even work it way lower here. I think maybe were even talking into, lets say, the 1100s which scares everyone to death here. Im not really a real gold bull here, i never was, and i was a little surprised when we ever got where we did. Again, you cant find it. Now i think its a reality check here. It is a onethird retracement from the highs, and that makes everyone a little concerned about where this market can go from here. I think thats where were going to settle at the end of the year. Next year maybe some fresh money will come in and could give it a bolstering up to lets say even i would say now your upside potential is maybe 1350, maybe 1375 on the upside, that would be ap optimistic look for good. Lori isnt that a message perhaps that people are feeling better about the pace of economic growth, and theyre not necessarily looking for a safe haven if thats how you do play gold . One way, of course. Again, ive never felt it was a safe haven. Many people use it as a hedge. But again, ive never thought of it as a very good to me, its a very speculative commodity, always has been. Some people like to make it part of their portfolio which is a very good idea, but again, to consider anything strategic in the long run is really foolish, if you ask me. Lori all right. Um, lets get your take on the price of oil today, pretty much little change. Anything going to move that, jeff, before the end of the year . Oh, no question about it. The inventory figures are going to be key here. Again, we had a day where we were virtually unchanged, stayed in the mid to high 97 range. What was of note here was that the gasoline and heating oil against the crude got crushed today. Each of them was in about a dollar, and that shook up a lot of everybody assumes with this coldwet right now that shouldnt happen. What happens is Something Like this will happen, flush out some of the weaker players and probably next week when you really see the effect of this cold weather were having, you could have a reversal of this move today, and everyone will say, gee, i wish they didnt knock me out of the game, but thats how commodities trade. Lori you said it, sir. Thank you so much. Jeff, jonathan and dan, appreciate it. Lets talk about the auto industry. Speculation over whether fords Ceo Alan Mulally may jump ship. Fords board is anxious to know what his plans are. Just last week liz claman asked mulally whether he had any idea why his name keeps coming up in question to microsoft. The question seemed to catch him off guard. Take a listen. I think that people are looking for leadership, and i can understand that, but i love serving ford. Lori okay. Elizabeth macdonald has the latest on the story, she joins us with e. Macs bottom line. Reporter yeah. Thats a classic nonanswer from an executive, right, lori . [laughter] so we talked to people at microsoft, and heres whats going on. Heres the bottom line. Alan mulally has a lot of question marks over his name. Yes, hes got a great reputation. Hes charismatic, hes a visionary, hes a team builder, hes a leader. But what were hearing from insiders is this is what theyre looking for with this ceo and, by the way, microsoft really is pushing, the board is pushing to name a ceo by the end of this year, so theyrlooking for a person that has a lot of technical experience. Consumer devices, Enterprise Software, cloud computing, Business Software and business be development and strategy. Ill tell you this, the list is narrowing. Microsoft started out with a list of 40 names. Theyve narrowed the list down. Here are some of the guys who are still in the front running for this, Enterprise Software at microsoft, clo of microsoft, kevin turner, still in the running. Nokias former ceo still in the running. By the way, should be noted he ran microsofts Business Software division. And then the other thing, too, about steven is, you know, microsoft bought nokias mobile device, the phone be handset business. And the other name that keeps coming up is the former ceo of skype, tony bates. So im just looking at comments coming in over emails, basically what the names that are still in the running, the one that is really popping out is the Business Software development guy, steven. He is a real hot contender. Again, he bought microsoft bought nokias mobile division. But heres the thing, lori, there could still be a dark horse. It could be somebody else that we havent seen the name coming in to be the ceo of microsoft named by the end of the year. Were going to be staying on this developing story as the information comes in and bringing it to you, lori. Lori e. Mac, always a pleasure talking about unexpected i mean, just look at the news of gm and mary barra. Nobody expected her to be ceo. So its interesting. Reporter yeah, exactly. Lorii thanks so much, well see you soon, e. Mac. Now the closing bell rings in just about 49 minutes. Billionaire steve cohen has paid more than 1 billion in penalties against his firm, but is cohen really out of the woods . Charlie has an exclusive on that. And instagram comes out swinging against snapchat. In a moment, well tell you how this facebook business is trying to poach younger users from its competitors. If youve got copd like me, hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Spiriva helps me breathe easier. 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 medicines 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 problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Lori and some mixed data out today. The markets in flux, overall this year has been unbelievably strong for u. S. Stocks. Can the trend continue into the new year . Lets ask those questions to bruno, global x funds cofounder. Where do we go from here . Yeah, as you point out, incredible year in the u. S. , and, you know, when you thi about in the context of valuations are in the u. S. Versus international markets, we think well have a decent year next year, but probably high single digit. We actually like a lot of the international markets, better value and to some extent better fundamentals in some markets. Lori lets narrow that down. Where across the globe do you see the best investment value right now . So you have to be somewhat picky. We like Frontier Markets as a whole and specific markets such as nigeria. We also like some markets in Southern Europe. Obviously, its been a very problematic market for many years, but youve had valuation increases. Other markets in Southern Europe such as portugal which hasnt gone up in value very much and also china. Chinas a market where we see a lot of growth and really has underperformed the last couple of years. A lot of good value there. Lori you caught my attention with nigeria. Whats going on with the economy that has you focused on the countrys investment op . Sure. Nigeria has the benefit that its a domestic economy, its not really driven by the Global Capital markets. More diversification, and its a market thats growing very nicely. Again, you want to participate in some of those markets that are growing, that are not highly correlated with the u. S. That can give you performance, but also diversification. Lori most folks, most analysts, market wampers dont expect 2014 to be arepeat of the monstrous stock gains of 2013. Why is that . Are there other fundamentals going on . Well, the fed, obviously, whether it is first quarter, second quarter, were going to see taper next year. Thats going to hold the markets to, you know, to some significant degree. And also valuations. The market has run up so much that the valuations are not as attractive as they were at the beginning of last year. Both factors will make the u. S. Equity markets still somewhat attractive, but clearly not a 2013 type of year. Lori its frustrating in a way to fundamental bists, because if the fed tape efforts, it means tapers, it means the economy on the right track. The Employment Situation is moving in the right direction, perhaps a hiccup today with the initial jobless claims. Right. Lori why is that . Why cant we react, positive news with good news of late . Yeah. I mean, obviously, thats really the whole objective with taper, right . They wanted to flood the economy with liquidity, create gains across Asset Classes. Certainly, the u. S. Equity market. And so as the economy recovers and we can actually survive a taper, thats when were going to have it happen lori survive the taper, sorry to cut you off, but wouldnt it be fantastic that we rallied because people are confident were back on solid footing . Whats the likelihood of that happening . [laughter] youre looking at me like im out of my mind. I think it will happen, its already reasonably good footing, so to some extent youre going to have good effect, but clearly, liquidity is a negative for Asset Classes in general. Lori its interesting to see the Interest Rates rising. Do you think that thes the market taking matters into its own hands . Again, theres your reaction of some better economic news. Right. Similar. Its all related, but clearly Interest Rate rising will happen and will accelerate as taper accelerates. And, again, its correlated with the economy doing well, and we can survive higher Interest Rates. Both factors will offset each other. But again, you want to have a good economy that carries everybody. Lori we were talking at the beginning of the conversation about international versus u. S. How would you weight that as we wrap up here . If you look at the weight of the market cap of the u. S. In the global markets, its about a third, so thats about the kind of weight that you want to have. So, you know, you want to have a base weight to relatively underweight you whereas most people are significantly underweight in the u. S. Lori bruno, so nice to talk to you. Thanks for coming in. Thanks. Lori and the closing bell ringing in 40 minutes. Wall street powerhouse jpmorgan may be getting ready to take on bitcoin in the Virtual Currency game. Well ask dick bove whether we are on the brink of a payment revolution, if you will. And amazon gets down to earth after all the drone hype, trying to kick start a business that could take off during the christmas holidayings. Tell you all about it when we come back. Hi honey, did you get e toaster cozy . Yep. Goall the cozies. [ grandma ] with n fedex one rate, i uld ll a box and ship it r one flat rate. So i kn untilwas full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. [ttdd 18003452550 can take you in many directions. 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Lori well, you might think that sac capital founder steve cohen is off the hook after paying more than 1 billion to settle that huge Insider Trading case against be his firm. Well, that may not be so. Charlie gasparinos here with the latest. The feds are still trying to make a case against him personally for being involved in some of these Insider Trading allegations that are affecting two of his former portfolio managers, Michael Steinberg whos on trial for a suspicious dell trade, and march the view mar toe mow matthew mar toe mow whos on trial i believe its in february. Heres what the fed, what we understand the latest game plan for the feds in addressing steve cohen and attempting to at some point they would like to bring charges against him. What theyre hoping is this both steinberg and martoma, they win cases against them, okay . Theyre both being tried in the Southern District of new york. The u. S. Attorney wins the case, they both face long prison term, and then at that point that long prison term