Transcripts For FBC FOX Business After The Bell 20130109 : v

FBC FOX Business After The Bell January 9, 2013

Sandra close out another trading session. Lets go ahead and see how things have wrapped up. The dow up to 61 points, s p 500 up three and three quarters of a percent or one quarter of a percent, the nasdaq composite up one half of 1 or 14 points. The rustle up one half of 1 as well. Ashley facebook small rise. Now up after delivering the Third Quarter results. Sandra and one of the biggest etf losers today moving lower as natural gas itself falls more than 3 . Ashley the solar names are shining today. China will more than double the solar capacity this year. Among the top performers on that news. Sandra lets get some more insight and analysis. Government officialgovernment og iran for recent Cyber Attacks against american banks. Coming up, the exclusive with the president of mcafee and how big the threat from iran is the biggest Cyber Security threat for the new year and most importantly how to protect yourself. Ashley more from liz claman. You just spoke to one of the biggest names there. Lives and that would be intels paul otellini. And he bought mcafee for intel. Look, speaking in a fox business exclusive, they gave no interviews or anybody else here at ces and i asked about the Succession Plan because he said he was retiring after eight years of being ceo but he has been there since 1974. Watched all the revolutions. This is a behemoth. Globally it is gigantic, dow component, where do we stand in the process because it is still a big secret, what will happen and will that person come to the inside . Heres what he had to say. I sure hope so, and i would think so. I am only one vote, but i think we have a very good group of internal people. Liz he has one vote, he has one of the votes, he has made a recommendation, he did not say who. Obviously have no since the company can work on the transition but he will leave the company in may. I want to quickly point this out, guess what the new trend is in cell phones overseas. Bigger. They still fit into your side pocket. It is kind of interesting to see what is happening here is smaller, thinner, completely opposite of what is happening in africa and asia. It is a real revolution globally. It is a global business. Also, we should mention we just spoke to tim tebow. He is still single but he would not comment on what he is doing, he did not feel the situation in new york was a mistake. Heisman trophy winner and there you have it. Representing tivo. Sign the little football for me. I will get you one, were all big fans. Laurie thank you. Enjoying the conversation so much, you could not tear him away. What else is coming up this hour . Liz gorilla glass. In 33 different products so when you drop your phone, and who hasnt, it doesnt scratch. They have a new version out. Stay tuned, it is coming up this hour. Ashley liz claman going kung fu. Thank you. But first, lets tell you what drove the market with the data downloads. Pushing high with all three major indices ending in the green. The dow, nasdaq and s p 500 step in a twoday losing streak as well. Health care and industrial with the Top Performing sectors. Lots of action in the Precious Metals today with palladium and platinum soaring into the green. Jumping more than 20 per ounce to close up 3. 1 . Buy them a nice boost ending the day up 1. 1 . Tenyear bond yields trading near an eightmonth high following weaker than average demand of the tenyear note. Yields declined 1. 85 . Laurie we have jerry leavy in the pits of the cme and or market panel, ceo and chief investment strategist. And advise asset manager at the cme. To you first, a nice rally today. So theres a lot of challenges ahead for the u. S. Equity market. Talk about the bearish. They look great. Remember, we are so early in the season, was the worst in 11 quarters. The worst since the Great Depression. The earnings estimate looking at 25 for total estimates down about 50 from what they were a couple of months ago so again looking at the season, not really positive. Still dealing with the fiscal cliff issue in actual and subjective variables. For me a little bit more on the bearish side. Look at some of the action i saw on the s p. Ashley pointing out the trading range has been incredibly narrow on the s p. It has not done that since august, why so narrow, why such an interesting narrow range on the trade . Great statistic. 1. 5 over the course of 2012 the very tight range. Theyre waiting on two things, Earnings Report and what is going to happen with the next stage of the fiscal cliff. I think sequestration is going to be 10 times as large as what we saw coming up into january. Im looking for a 10 correction probably before march. Laurie thank you. Ashley lets bring in our market panel, gentlemen, thank you for being here be from what i can tell, the view of the market in 2013, why the optimism . We have had other analysts on the back end of 2013. This is a market of stocks as much as we want to look at the recipe and so on really what is going on is really irrelevant how individual stocks are behaving and equally how the respective sectors are behaving. Theyre pretty oldish tone. The kind of formations historically the offer is in sustainable. The accumulation trends especially on a noninstitutional basis are attractive and seeing very good depth of leadership in such key areas as manufacturing, health care, technology, Consumer Staples and so one. This is a very wellbalanced leadership, not a microsomatic market. Inasmuch as we are concerned about the fiscal cliff, it is a real worry but the important factor is the fed remains very transparent, they remain committed to transparent Monetary Policy and that is very bullish along for the market let alone we have historically low interest rates. Laurie all sounds good. But Earnings Growth is expected to decline significantly from the same quarter last year, that has to be had when in that view. There will be surprises to the upside. If you look at where the great performances were in stocks and sectors in the Fourth Quarter, they will probably be the stocks in sectors with the dutch earnings and expectations. I still think we will see majority of s p 500 Companies Beating the street expectations. I would be as pessimistic and as that occurs wil youll probablye more movement of cash from the sidelines of the market. Ashley david to that point are pretty positive for the output on the market this year, but investors should be focused on highgrowth, high yield investments. Why that particular area . With his wall of worry the market has been climbing, there is a lot of pessimism out there. The fiscal cliff, china, the economy, now earnings that stock market has a lot of worry. With the approach of looking at highgrowth for a good market we have had over the past several months and high yield for events and diversification, mortgagebacked securities, emerging market bonds, preferred, that balance has worked very good. Ashley i see on that chart we put up, you like housing, any particular area of houston . We like housing broadly. One of our recommendations a new 52week high today. In the supply chain a bit as well. But anything with housing we have seen the homebuilders have come incredibly far off of their lows so w were in the early innings. We think further gains ahead in 2013. Laurie how do you feel about the Auto Industry . The recommended gm and ford to our viewers. Just about a year ago on your show i recommended gm and ford coming off of a poor 2011 and had a great year. With the continued strength in sales in north america growth in emerging markets specifically china and mitigating those losses in europe we have another 50 to 20 upside in both of those stocks this year. Ashley where are you putting our money, youre pretty heavy in equities, is that right . We go between cash or equities, but we have a relatively low cash position and pretty significant equity position. Right now probably the favorite sector is manufacturing. Since late september of last year, we saw golden a pretty steady downtrend. The same time oil has been moving up to oil up 1 in that time frame, gold down more than 6 . Investors are releasing a little bit of the movement to safety or the hedge toward gold and more toward oil. As an indication or perhaps perceiving the gold economic expansion is going to develop that will be more demand for oil. I like materials and manufactures very much. Laurie where do you see the dow closing out the year, the primary driver to bring it up or down to that level . We see a range on the upside during the course of the year. We expect it to make new highs. Driven by manufactures and Media Companies and by the health care components. Laurie appreciate your Market Analysis for us this afternoon. Nine banks have been victims of Cyber Attacks since september. Now Officials Say iran is responsible. What is the threat to you and how can you protect yourself . Up next, copresident of mcafee joins us in a fox business exclusive. Ashley aig wont be joining shareholder lawsuit against the government. Charlie destino broke the story and he will be here next to break down what is going on now. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. Whatever your business challenge, and you see the woman you fell in love with. Shes everything to you. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in Blood Pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing ovision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cial and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Laurie shares of best buy in the red today. What happened to best buy today . Nicole heres a look at it today. 11. 59 per share. Down nearly 2 on the day. The founder, whether or not he would step in with the bid. He was working in order to do so. The time allotted to him is really creeping up, finally able to step in and do that. At the same time the Sales Numbers on thursday. So keep a close eye on best buy. It is a tough business, sometimes they go and shop around and look for a better price on the internet. We will see what happens to best buy. Laurie optimistic, thanks. Ashley government officials blaming iran for a series of breakins that recent bank hacks. Actions are still dangerous. Laurie mcafee has released their cyber predictions. Not only do they have banks on high alert but there are new threats coming this year that you really have to be aware of. Joining us now, fox business exclusive. So the headline here is you guys according to the survey and research are viewing in on a tax to mobile devices. Tell us about that. We are seeing an increase in the attacks we see on the mobile platforms and they come in a doublcouple different programs. More confidential information is becoming the source for the bad guys. There is an area where the hackers will take over your phone and for a sum of money can basically buy your device back, theres big money to be made and that is why they tend to follow that. Ashley are we keeping up with the bad guys . Once you figure out one type of attack if you would like or whatever it is, they come up with another and it is difficult to get ahead of them. Is it still that case . Doesn definitely a great qu, for sure. Wellfunded, no longer couple of kids in the university trying to break into some organization. It is structured, a lot of resources that go behind it is why we are in the production. We get a chance to take a look at the marriage of the chips on those machines with software. This doesnt be a good question. Laurie government officials are blaming iran for tax on banks. Recent example of statesponsored from iran, so how serious is that and could these results in serious harm which mark . There is a tax l infrastructure. Those are things were all very concerned about and as he said they could be state sponsored, organized crime. The common denominator is there fast and funded. All the Critical Infrastructure we depend on is a lot of effort going into trying to make sure we have those resources secure. Ashley you mentioned banking. My fear is cloud computing. How easy it is to have my bank out there, how easy is it for these hackers to jump in and wipe out the account . All 10. Obviously might have a safe at your home, but you expect a high level of security. Same with cloudbased applications. That becomes a target for the bad guys. From a banking perspective we are seeing an increase in the number and we will tell you were seeing major banks doing everything they can their power to keep the money safe as well. Laurie windows 8 will be the next big target. Microsoft has done a lot to make it even more secure than the previous version. Reality is that a lot of people use one product, the bad guys only have one to write to be able to affect anybody who has that product. Again, it is common with any place where a lot of people use the same product. Ashley it is a fact of life these days. Thank you for joining us. Laurie Charlie Gasparino joins us. Aig would not say the u. S. Government, you have to keep it here on fox business. Copd makes it hard to breathe, but with advair, im breathing better. The scene. Advair is clinically proven to help significantly improve lung function. Unlike most copd medications, advair contains both an antiinflammatory and a longacting bronchodilator working together to help improve your lung function all day. Advair wont replace fastacting inhalers for sudden symptoms and should not be used more than twice a day. People with copd taking advair may have a higher chance of pneumonia. Advair may increase your risk of osteoporosis and some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking advair. If youre still having difficulty breathing, ask your doctor if including advair could help improve your lung function. Get your first full prescription free and save on refills at advaircopd. Com. Ashley . Breaking news out of washington. More changes for the president s cabinet. Secretary of Labor Hilda Solis is resigning. A statement from the white house says she has been a tireless champion, working, for working families over the last four years. She has been a critical member of the president s Economic Team and we have work to recover from the worst economic downturn since the Great Depression and strengthen the economy for the middle class. The president says he wishes her all the best in her future endeavors. Labor secretary hilda solis resigning. Ashley adam, thank you very much. Appreciate that. Charlie bass telling us earlier today that aig would not sue the u. S. Government and guess what, he was right. Lori surprise, surprise. Charlie with here more on the breaking story. I do want to make a comment about miss solis. Ashley go ahead. Who is just, every day that went by we thanked she was part of the Economic Team. One of the problems with, with the president s economic agenda people in charge really didnt know who they were. When you got past geithner, tim geithner, the treasury secretary the rest of them were almost nonentities. He was a real nonentity. The person driving the economic agenda is Valerie Jarrett. It will be interesting to see how Valerie Jarrett meshes with jack lew. Another story we had had first here on fox business. Ashley aig. Why did they say no to Hank Greenberg . There are many reasons why. Im getting this from inside the company. They were not going to join this lawsuit earlier today. It was, it is so obvious. Aig right now is applying to be about is known as a sieve if i firm. Ive if i firm. System i financially important firm. Systemmally Important Financial Institution they are applying for that. Guess who you dont sue. Ashley the federal government. This was a nonstarter from the minute they looked eight. Should also point out another reason why, they have an ad campaign where they basically talk about how theyre thanking the american tax pay fore. Ashley turning around and suing the taxpayers essentially. Those two things. Systematically important issue made it dead on arrival. Why are they taking it up . What theyre saying internally and what they told me as we were reporting this out this morning this is perfunctory. Hank greenberg is suing federal government over the terms he didnt like of the bailout. He is came to the board with a proposal. We have to consider it. That is all they did, merely considered it. I think the times, which first reported about this, i think i dont know why they made it like there was a possibility here. There was zero possibility from the moment. Ashley aig would join the suit . All you have to know they want to become a systematically Imp

© 2025 Vimarsana