For that retailer and they are getting optimistic about the holiday season. Lori thank you. Adam hopefully somebody is optimistic. Some bad news may be coming. Management trouble have abercrombie and fitch worried about losing their spot in the s p 500. According to a report, the shares are taking a hit over the last year. Jcpenney shares lost half of their value. Indexes looking to make room for a spi spinoff starting to trade november 2. Lori shares of deere on an upbeat. Expecting construction sales to surge things to the housing recovery and said that will help offset weakness in agriculture struggling. Soft Commodity Prices leads them to cut spending. Adam the message the fed is still pushing to the market. Federal reserve chairman ben bernanke hinting near zero rates even after Unemployment Rate falls below 6. 5 . My next guest says the fed is nowhere near raising rates and shouldnt even be thinking about tapering. Joining us right now to discuss all of this. Congratulations, you said we would hit dow 16,000. You think we will before the weekend is out . It is a crapshoot, as you know. We will close above 16,000 this week. Adam here is what is disturbing me. You say we had to have another recession for this market or this economy to really gain traction. Can you explain to me why that is necessary . Financial crises like we had in 2007, 08, 09 have been seen in many countries. There is a very typical pattern they follow. After financial crisis you have a post financial crisis recovery. Usually a big recession and a small recession, some sort of a return to normalcy. The big recession in the past 30 09. Waiting for one more recession. A mild recession but the other side of the next recession i think we get back too much better, lower unemployment, much more normal behavior from the fed. Adam we have some sort of a correction before that recession, during that recession or could it be a gigantic correction over 20 should the fed mess things up and bring about that recession . The answer is yes to everything you said. The sentiment in the market now is at rally killing levels. The market is in dire need of a pullback. Recharge the engine of the bull market. If we dont get that pullback, i think you will get early in 1410, 15, 18 correction. Still keeping the bull market alive, but if the fed tapers to sin and to great i think it does send us off into a much bigger bear market move in stocks of 20 to 30 . We are talking way down the road, not right now. Adam first, your thesis, a recession and a second recession, after you have a financial collapse to manage to live through 2008, dont you have to have deflation . That is what resets everything. We did not get that. We have had deflationary in the economy since 2008. The biggest deflationary source in the world. We did have some already. It wasnt to the magnitude we see in japan now and it certainly wasnt the magnitude we saw during the great depression. We did have some deflation. The fed is doing everything they can to engineer inflation rates now. Look at what home prices did in 08, 09. The first yearoveryear decline ever. It is going like that. Unemployment is deflationary. You have a lot of things you dont have like in the 30s or in japan, but half a decade late. Only six months late, i give him a ton of credit because had he not responded that would have had an outright depression. Adam on that note im going to say thank you, i would love to continue it, we will have you back on very soon. Thank you, adam. Lori oil supplies rose less than expected last week. Phil flynn on the trading pits of the cme. Much larger than expected decline. Phil you bet there was be at the prices turned lower prices. It is incredible. You can see in this report low oil prices having on the economy. What came out of this report is we have seen the strongest demand of oil since the financial crisis began. Since august of 2008. That is an incredible number. You saw the big draw down, the gasoline demand really, really strong. Why is demand strong . The prices have come down, consumers are spending more money and were using more gas. Definitely bounce when heating oil up by four. Oil despite the boys demand is actually pretty flat, so it is a pretty good number. Lori have we seen a price stabilization . I think were getting close to it. Despite the fact that we saw the strongest demand since 2008, Oil Inventories in oklahoma where we count rose, so bring on demand. Lori thank you. Adam in 19 million settlement the Consumer Finance and the m n bureau. A 5 million in refunds here to consumers. Cash america, this is a quote, robo signed Court Documents and Debt Collection lawsuits shares near the low of the day. The s p gaining 123 in five years. What stock is up more than 1800 . Lori everybodys looking forward to thanksgiving. Answering the call when celebrities come knocking. Power couple and realtors to the stars on luxury Housing Market. Adam defeating two of the best human champs in the industry. Lori we will talk about watson. What it is taking on now and how you can get in on the action. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the tradg floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. Adam ibm supercomputer watson will soon do much more than defeat human beings on jeopardy. Ibm is opening to thirdparty Developers Giving them access to it via the cloud. The Vice President of Watson Solutions joins us now from austin, texas. An honor to have you here. One of the most powerful computers. On the entire planet. What it is doing is revolutionary. There is one statistic, watson can diagnose cancer correctly 90 of the time when human doctors only do it 50 of the time. How do you allow developers into create even better opportunities with this computer . We are really excited about the Seismic Shift we see taking place in how applications developed, but how they develop and solve. Letting watson be available to entrepreneurs and obligation developers will really help accelerate that shift. Adam give me a sense of how it could be used a year, two years from now and how it might even change my life. I used the diagnosis example which is really remarkable. This computer is not just input, output, it is comprehending, am i correct . Data you put in and is it thinking about the possible outcomes . Watson is what the next era of computers will be. Cognitive computing. Think about how you and i look. We read things, learn about new subjects and take practice tests on it to learn. In medicine, we have watson read a tremendous amount of medical literature and material and study so it can help doctors. Think about the problems you and i face every day that make ourselves worked really hard because computers cannot help us. If i want to go on vacation with my wife would rather say i would like to go i romantic vacation in february someplace wanted use my airline miles. Right now we know how to book a flight, book a hotel, but can you imagine having a system answer questions like that or say i want to go on a hike and it will let you know what to do. A whole different type of problem we have not been able to do before. Adam walked me through how a developer watching right now will be able to access watson and create something i is a consumer will be able to use and what it is really about is how you make money, how will you get money out of my wallet . They key is to make sure watson is something the whole industry will build on. For us we knew we would not have the greatest ideas. We were putting watson in the crowd. Cloud. They can give you all the information you need to figure out how to sign up and get early access. Developers will have access through the cloud and can build right into their engineer apps. Adam you were quoted in an article saying you do not program it at all. I give it practice tests and i score it and watson figures it out on its own how to learn from its mistakes. I ask you this question in all seriousness, this computer is not feeling, but what keeps this computer from learning how to perhaps deceive or to lie, let me use the terminology of terminator, become skynet. Watson systems are not programmed comedies like how to help my hope my kids with homework and to create any program in the past. I feed it expert insight and i let it learn with it. The programmers in the future will not be so much programmers as they will be teachers. Adam but kids never do the outcome you expect. How do you know the outcome of this computer wont be something that we just cannot even imagine . I dont necessarily mean negative. You were on the verge of something explosive and revolutionary with computers here. I think were at the very beginning of what will be a long chapter in the evolution of computers. Right now what we focus on training with experts and expert knowledge. We are not grabbing every bit of information on the internet, some could be good, some could be bad. We trained with the best who are out there, we train with the best on expert knowledge to make sure it is learning the right habit. Adam this computer can process 1 billion books of data and information from 1 billion books. Are we talking about a thinking machine, is it thinking in the way human being things . One of the things we had to evolve opening it up to the ecosystem to let others use it is it is no longer one machine. It is now a cloud of systems i can scale my growth for the smallest developers can get started with it and solve the biggest problems out there. It learns by going through practice, teaching, going through homework assignments and when you tell it how it did it goes back and figures out differently. It is the right way to approach problems goo. Adam developers cannot access watson through the clouds. Thank you. This is remarkable. Hank you for joining us on fox business. Thank you. Lori watson is totally going rogue. And watson is totally going on that honeymoon. Ibm. Very clever. You have heard similarity where one computer brain is going to do all the thinking and take over all of humanity. Lets check the market, w where joined at the New York Stock Exchange, lauren is looking at one stock hitting an alltime high today. Lauren take a look at the today chart, you can see it is up toy, atimhigh pusng 10 pe sare. Goldn sas add priline and ve tm 10 pre targ. Eest cht ishe feye char at iall u ne to kw. Up 1800 in five years. Back to you. Lori thank you. Adam the fate of obamacare in the hands of state Insurance Commissioners, will they go along with president obamas proposed cancellation fix . Detail the head of the at the white house. Lori it was the dueling dinosaur auction. We will tell you what happens when two dinosaur skeletons hit the Auction Block in new york. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. 22 minutes past the hour, this is your fox news minute. President obama paid tribute to john f. Kennedy with the gravesite at Arlington National cemetery in virginia. President clinton and First Lady Michelle Obama and Hillary Rodham clinton the eternal flame marking the final resting place. The 50th anniversary of the assassination is on friday. The state of missouri has executed a service man who killed over a threeyear rampage. He said he targeted blacks and jewish. He was convicted of hate murders but put to death for killing a man outside of suburban st. Louis synagogue. Florida congressmen has been sentenced to one year probation after pleading guilty to a misdemeanor charge of cocaine possession. Was charged with allegedly buying cocaine in the presence of an undercover officer last month. Those are your News Headlines on the Fox Business Network. Adam thank you very much. President Obama Meeting with state Insurance Commissioners trying to push his fix for americans dealing with canceled Health Insurance plans. Rich edson in washington, d. C. , with the latest. How is that going . If he needs the state insurance commissioner to sign off allowing Insurance Companies to reissue the plans for a phased out largely because of obamacare. Right now states are split on whether or not to allow Insurance Companies to do so. Indiana joining a list of several other states who are not alone the president to change including in massachusetts, mississippi, a few other states including 10 states who will allow Insurance Companies including colorado, north carolina, oregon and texas. That continues at the white house at 4 00 today. As a group have said it is very difficult and will take years to phase out. Insurance company allowed them to phase them in over a matter of months. It could be even more expensive. This is from yesterday. Down in florida, in miami an event to try and get people signed up on obamacare. A cbs affiliate picked up video of her witnessing the website crashing for a couple of times. Cbs says only two people were able to get Health Insurance. We have yet to receive a response on why that is true. Seeing firsthand how the website continues to crash. The administration has it out and running at the end of this month for the metric is filled with lots of questions as to how many people will actually be able to access that site. Back to you. Adam simply put, dont hold your breath. Lori we learned earlier today fewer americans bought previously owned homes last month. It reported existing home sales declined by 3. 2 in october to slowest sales pace since june. Charles payne says forget about that number. Charles we are here now. I know you still have it. Here is the thing. There was a company mostly in the south, they do asphalt, business through the roof. A lot of these other businesses through the roof. Lazboy to me maybe the stock of the boy. Real numbers underground, not the surveys, not that stuff. This stock, it is not just one of these trades you can do now. Give an example over the last five years they grew 8 . Over the next five years growth of 7 each time out. Adam either way you can win with this. Painting, plumbing, delta faucets, insulation business, operate margins expanded, cap next business is up, margin expanding and a lot of room to grow. Lori Construction Materials along with gas stations. I am a data person. Charles i look to the people filling this stuff on the ground. Im not as trusting of the government stuff. Lori you have made a platform out of that. Adam speaking of money, how about a preholiday Financial Advice from dave ramsey . They will be our special guest tomorrow at 1 00 p. M. Eastern, do not miss this. Ready to answer your questions. At fox business, he will answer them on air during the 1 00 p. M. Hour. This story is not for anybody pitching pennies. Your first look at jaguar 100,000 ride at the l. A. Auto show with the new take on it. It fits in. From a hot ride the redhot Luxury Real Estate market. 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[announcer] firmness settings for the head,legs,and back. These real owners get that famous tempurpedic comfort how they like it. [woman]ask me about the lumbar button. [man]lumbar button [woman]lumbar [announcer] tempurpedic. The most highly recommended bed in america. Now the fun begins no two people have the same financial goals. Pnc works with you to understand yours and help plan for your retirement. Visit a branch or call now for your personal retirement review. Adam time to check stocks. Well head back to the floor of the New York Stock Exchange. Lauren simonetti is there and she is taking a look at some do it yourself stocks. Lauren . Absolutely. Despite the fact that fewer americans bought existing homes last month theyre fixing their homes. Lowes, this is the second biggest loser on the s p 500. Profits were fine. Issue, lowes didnt do what home depot did yesterday. They didnt up their guidance for the full year. In home depots case it was for the second time. They raised outlook but not as much as wall street wanted. It wasnt a terrible report. It wasnt as good as a lot of people wanted it to be. Back to you. Lori lauren, thanks so much for that. The Housing Market may be slowing down for the average american but the luxury market is apparently on fire catering to alist celebs like Jessica Simpson and scher. They call a conerge busiss f the sta. Th areofouers, propatelitle wliam and romita, part of the real estate group, williams and high land. Welcome to both of you. Thank you so much. Lori you probably heard heard Government Data on existing home sales, down for the 7th straight month, in the latest