Dow. The dow had three 128point gain on the dow. They had three new entries. Randy warren, warren financial services. Chief investment officer. He says the best way to play the markets is in equities. He has three top picks. Larry shover, our standardbearer from the cme. Larry, i want to start with you. I call it a relief rally because of news on syria. We got this as breaking news. John kerry will meet on thursday with russias foreign minister. Talk about the plan that started accidentally came out of the mouth of john kerry. It turned into reality as russians and syrians turned it over. Looks like it might become policy. Is all this is relief rally what were seeing in the market . Another way to put it. David it is painful rally. This started at end of august. People were downsizing exposure to the stock market with a mine filed of things around us, syria, tapering, what have you. People were very worried and as things go we see a tremendous impressive rally, eight of the nine last days, six days in a row up. People are covering. Theyre chasing. Theyre still very, very negative. So for me the page rate continues to be on the upside because people have not bought into this yet, at least traders behind me. David randy, you are an apple stock fan. You recommend it. Youve got it in your portfolio. What happened today with the stock . Why was it investors were totally unempressed by the new products . I think unlike the situation where, with the Federal Reserve taper, i think in the apple case they did sell the news. They bought the rumor and pushed the stock up ahead of the announcement and then sold the news when there wasnt anything unexpected in the announcement. David but you say buy the news, right . Are you still buying on this news . Yeah. I think todays, todays dip is an opportunity for you to get into a very, very inexpensive stock. There is still a lot of innovation left inside of apple. Lots of employees theyre working hard every day to make that stock go up. They will be coming out with more exciting things. Todays announcement was pretty good actually the david why is that . Biometrics included in the new phone are pretty exciting. David i have to tell you. Im a stockholder of apple. Ive had apple for quite some time. I was disappointed with todays news. There wasnt already anything we didnt already know but why not sell in the short term . That makes sense but theyre coming out, the new phone also not only biometrics but the ability to measure movement for exercise. That will be a really nice feature for people who take their phones with them when they go to exercise ore go to the gym or just want to keep track, you know, how many steps they take in a day. David larry, i dont want to focus on the bad news, on a day with tripledigit gains on the dow. There was a lot of good news around. We saw a rise in Interest Rates again. For a couple days we had a slowdown in Interest Rates. Theyre picking back up again. It was 2. 94, end of the day. Right. David ing closer to the 3 mark on 10yearyearold. Housing. 2. 96 is where it ended by the way today. It has had an effect on housing. There has been a slum in housing deman and a lot he have people would say it is because of increased mortgage rates, right . I think so but lets look at the bigger picture. Interest rates are so profoundly low. We heard bank of america, wells fargo might lay off employees because of lack of mortgage interest. In the scheme of things looking at history rates are really still low. Rates are going up for the right reasons because of Economic Data around the world is crawling up a little better at a time. Not to say if rates jump to 3. 5 that will be good for the market but right here at 3 , whats the big deal . It will cut some people out of the market and thats a tragic situation. I still think were in baby steps after big recovery in the housing market. Okay. David i was going to say some people tragic that a lot of savers are not able to get any kind of return on their capital because rates are artificially held so low so long by the fed. Yeah. David randy, that will change soon. When it does what happens to the market . The key point there that rates are going up for the right reason. The economy is improving. Wed all like it to improve faster. I would like to see a gdp print over 3 sometime the next six months. We might get there, we might not but what is going on in china is exciting. Europe looks like it may be bottoming at this point f that economy is getting stronger, then housing will do okay. People will get jobs that dont have jobs now and they will be able to come into the market. David by the way lets talk about a couple of your picks. I mentioned apple of course. Visa, this is a new entry into the Dow Jones Industrial average. We saw a bump today. Is it too late to get in on visa, randy . No. Visa had a nice run but what a fantastic company. They dont take a tremendous amount of credit rick. They dont loan the money. Banks are behind them loaning money. Theyre taking a piece of every transaction that happens electronically. Which, by the way, apple may be able to get into that business as well with the new biometrics. David it may well. Do transactions more easily on your phone. David yeah, that fingerprint model might be followed. That will be interesting. By the way retailers getting hit bad. We had a lost bad news a couple weeks ago. Retailers stocks went down. Urban outfitters down 10 . Youre going with a retailer, underarmor. Why do you like them . Underarmor is fantastic. They continue to innovate. They continue to come out with new products and they continue to expand their global footprint. Theyre trying to move out from just being a u. S. Kind of Centric Company into more of a global company, moving into things like hotspurs, English Premier League soccer. David randy i have got to remind you, i got to remind you, it is such a fickle market. That is one reason why retail is so hard to get ahold of. Why isnt underarmor part of that fickleness on the part of the consumer . Yeah it is. If we were going into recession you wouldnt want to be in underarmor but were not going into recession. The economy is getting better. So more and more people are able to afford, little luxury of an underarmor type of product. David okay. Well, on a day when the market is up 12points on the dow, keep it with a positive tone. Clearly investors feel that way today. Good to see you, randy thank you very much. Randy warren. Appreciate it. Larry shover well check in with you in a couple minutes for the s p futures close. Thanks, gentleman. The wait is over. Apple finally unveiling the new iphone line. Will they be a gamechanger in the smartphone wars or fall flat with consume officers wall streets reaction is not very encouraging. In a moment we have an allstar panel of what apples future will be. Speaking of tech, liz claman in Silicon Valley with exclusive interviews. Yes, she has more on tap this hour. Liz. Liz one. Exciting things you see here in Silicon Valley, david, is entrepreneurs that are serial entrepreneurs, they start one company, sell it to another and start up another. They are continually flexible. He started stubhub. Sold it to ebay. And now enables video conversations with average people of people of their interest, whether the favorite band or coach of their favorite basketball team. He is coming up in fox business. They have a billion plus users and all of their pictures and all their comments. Om. About, the man who makes it all happen. He is the facebook vp hardware design and supply chain operations. That is a fancy way of saying he has helped to create the servers that handle billions and trillions of pieces of data, coming up. Hes with us. Wait until you hear what theyre doing now over at facebook. Were live in San Francisco for day one of three days in the valley. [ 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. From td ameritrade. At od, whatever business youre in, thats the business were in with Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. David shares of five below hitting alltime highs today. Nicole petallides on floor of new york stock exchange. Nicole, were talking about retailers doing badly. Not so with five below, right . Right. We saw Urban Outfitters get hit hard. But five below is another story, david. Were seeing this one, jumping as you noted to new highs. 48. 99 was highest point. This is 17 to the upside for this discount retailer. They came out with numbers for fiscal Second Quarter profit more than tripled and sales jumped at the margins. Margins strengthened. They easily surpassed wall street estimates and pennsylvania discount retailer, headquarters, did so well. You saw several analysts rushing to a play a little catchup. Deutch the bank, by the way, they are 48 bucks to 50. They have a buy rating. Certainly a great performer and bucking the trend of some other retailers. Jcpenney is down today too. David good for five below. Nicole petallides from the nyse. S p futures will close in a couple minutes. Lets head back to larry shover at cme and sandy smith in the newsroom with two minutes before it closes. Sandy, talk about oil. It is down 2 . Im wondering if it finally peaked. Has all the news in the middle east settled enough oil will keep coming down . Not a chance. This market is definitely focused on syria but oil is rising for among other reasons, raw fundamental reasons like tight global oil supply. When you get news out of china, japan, these kind of economies are blossoming and getting bigger and improving, strengthening, david, youre talking about the world consuming more oil. So we didnt just get the triple Digit Oil Prices because of fears over a strike in syria. We got there because of title Global Supply and thats not going away anytime soon. What were seeing right now, dave, just that fear premium coming out of the market. David 2. 25 drop in the price of oil in one day, larry shover is nothing to sneeze at. If that direction keeps going, we could get below 100, could we not . I dont think so. I think sandra is spot on. All we saw was the risk premium being taken away. Lets remember, north Atlantic BasinProduction Growth is enormous but being offset in a huge way by supply, im sorry, production that is very, very tight across the world especially in north america. So we have a glut of oil that can not be produced right now. So it will be a long while before we see 100 oil at least in my mind. David we should get busy producing and get the pipelines going and get the fracking done. Perfect world, david. Yeah. Perfect world. David sandy, larry, great to talk to you both. Thank you very much. Apple rolling out the next generation of iphones, will the new handsets beat out rival devices from samsung and other companies . Coming up well head to apples Head Quarters in cupertino, california. Liz claman out in Silicon Valley with details of her next big interview. Liz what do you have coming up . We have precast, it is a video conversation site that enables people to learn, from hook up as far as video discussions are concerned with people of their same interests. Its a fascinating website showing huge growth potential, a lot of venture capitalists are very interested this one. The ceo joins us live coming right up. He founded stubhub. Many of you used that, right . Lets take a look when we come back and his brand new venture, spree cap. Liz what do you do, heres a good question, what do you do after selling a company you started, stubhub, one of the worlds now largest ticketing marketplaces, sell it to ebay for more than 300 million . You dive right back in, create a new business. Online social video platform of course. Im speaking exclusively with the guy who did it, the ceo of spree cast. Classic entrepreneur. Silicon valley, typea behavior, start one, sell it, start another. Talk about spreecast. This is video conversation platform which is social media. What does it do and how does it work . Sure. We have a live spreecast boeing on right here. These are four employees. Thee in San Francisco and four in new york. Hi, guys. Liz everybody can wave. Hopefully they will wave and say hi to us. Were about connecting people on the internet with facetoface conversations. Theyre adding little comments right here and it goes through. It just cycles through. Thats right. You can have four people on screen. Thousands of people who attend and participate and those folks who are not on camera can use a textbased chat, share on social media. Anybody can request to join on camera. It is all about interactive, facetoface conversations. How is it different from some other things out there, like google has google hankout . So there are some similarities between spreecast and hangouts. There are really three key differences. The difference is audience interrter activity. In sprycast you can join multiple ways but on hankouts you is not possible you have to be a google plus user. Spreecast you can use facebook credentials, twitter credentialals and use email address so much more open that hankout. Liz you have pretty cool partnerships here. The one that jumps to mind now for example, one direction. You had them come on spreecast and talk to fans and answer questions. That is incredible. How did you land that . We had at love celebrities on from one direction, to Britney Spears and reese witherspoon. Its a great tool for engaging with fans. Same reason you see a lot of celebrities using facebook and twittory connect with fans. Liz that is one way. Youre actually answering their questions. It faces natings and you recently signed up the usc basketball coach. We think sports is just a perfect, perfect vertical for spreecast. You have these rabid fans of a particular team. In this case, usc who may be displaced living around the country and around the world. You karn bring everybody together once a week or periodic basis to talk about the team. Interact with coaches and players. We think its a great way to really mobilize those fans. Liz you have raised 11 million in vc money. What is next for you . How do you make your money . We focused primarily Building Product both on web and mobile. We started to grow our user base. Monetizaton is only something we recently thought about but we put in place a couple of key monetizaton components. One is video ads. You can run ads in the live spreecast. Everything is reported so the ads are in the archive of spreecast. There are features you have to pay for. Liz you have ios and, is it more exciting on smartphones or tablets or laptops . We launched our mobile, four or five months ago back in april and we came out with a mobile browser experience for both ios and android as well as app for ios it has been a huge success for us. Weve been excited about the growth there were seeing more than 30 of our viewership is happening on mobile devices. Liz i think it is betwer a bigger screen. Look at your pals. Look, theyre dancing around. [laughing] somebody needs a little, you know, lesson there but she is doing that. I know that. But i think what, what is better, the experience, when it is on somewhat bigger screen, correct . Well, yeah. Certainly in a desktop browser you will get a more full experience. In a mobile device there are some limitations and some things that you cant do. One of the things well introduce in the mobile experience soon is ability to join on camera. Currently the mobile experience is view only. Were about to launch the ability to actually join from the mobile camera which is another big step forward for us. Liz whos next . If you got the usc coach, im thinking why not the coach of giants or cleveland browns, my personal favorite . I wont hold it against you that youre a browns fan. Liz that is so mean. I did not deserve this attack. Go on. We are very, we think, as i said sports is a big opportunity for us. Were in conversations with a bunch of folks in sports world. Liz how about leaders . As i say we have big relationships with a lot of big media companies. Folks like the wall street journal or mtv or espn or cnn are all using spreecast. They embed it in their o. W. N. Sight. We have embedded player on the third party websites. They can engage the audience about sports, entertainment, news, politics and this is all happening on third Party Players on liz what about leagues, National Hockey league, National Football league, i think there is opportunity here. Youre right. I think it is opportunity to bring fans together, displaced fans and were trying to talk to all those folks. Liz could you, eventually, facebook is so huge could you put other sites out of business because you offer interactive capability here . Were not, look, face boo book is huge as you said. Were not at all competitive with facebook. We view ourselves complimentary. We build on top of the facebook liz they are doing the wave which we love. Tell them to do the wave again. That is hysterical. Now theyre raising the roof. Really as a demonstration here, what do you need now . Do you need more money . Need more seed money. Eventually well be raising more capital. Right now were wellfunded and were, were real excited about just product development. Introducing new features, new functionalities, capabilities. Talked about the mobile broadcast capability. Were heads down working on all that stuff. Liz my coanchor david asman is a jets fan. If you get jets owner Woody Johnson although david talks to him all the time i think that would be good. Cool. Well work with the jets. Well try to get them involved. Liz and the browns too, jeff, thank you so much. Thank you very much for having me. Liz watching developments like spreecast and jeff fluhr, a serial entrepreneur. That is again r again net tis, here in Silicon Valley. That is only day one. We have day two and day three. We have more guests before end of the hour. David dont tell Woody Johnson im going to a giants game, liz. O