Walmart. The changing of the guard. If you do stepping down. Head of international will be stepping in for the retirement and then to take on the new role. And then we are watching bowling was basically is issuing a precaution. Recently, advising about the risk of engine icing problems. They are working on now with some of the other companies. You are seeing it down right now. A un 15 minutes. Lets talk about blackberry. More changes coming to the Management Team just weeks after taking over. Interim ceo is ousting three executives, ceo, cfo, and chief marketing officer. Blackberry will not replace the ceo or cmo leaving the responsibility in the hands of the company said of compliance who will take over. Blackberry shares are actually rising on the news. Investors will have to win a little longer for the chrysler ipo. Fiat postponed plans for an offering until early next year, saying it will not be, and this is a job practical men mean. Does not make sense to launch an offering before the end of the year the United Auto Workers union, just over 41 percent of the company. And news alert. A major storm making its way across the country already canceling hundreds of flights commanded could become worse for the 43 Million People who will travel over the thanksgiving holiday. Fox news meteorologist in the Weather Center tracking the storm. I hope you can see a practical better than i can. I am not a popular person right now. This is the storm the we are talking about, bringing a ton of rain is leslie and freezing rain and eventually as a make his way toward the northeast, snow and plenty of it. Lets take a look right now. Radar with the last 12 hours moving across the Mississippi River valley. The mixture of freezing rain and or sleep. Really dangerous to be on the roadway. Youll watch this low continue to move bringing with it the potential for two to 4 inches of heavy rain, maybe even some severe storms. Then it will move off the coast and combine with another system over the Northern Tier of the country bringing in all of that cold air. And look at this mess for millions of people all up and down the i95 corridor and the timing. 6 00 a. M. On wednesday. People are going to try to travel. In some cases it is going to be very difficult, if not impossible. Forecast precipitation, you can see that we will see the bulk of the reign of toward the midlantic. We could see in some cases over 6 inches of snow. Interior sections all across the coastal areas. But the winds will be gusty. Here is the latest computer model. There is our low as we travel on tuesday. We will continue to move up toward the coast and then develop and wraparound with more coal theyre giving us the potential for snow and interior sections. The bottom line is this will be a mess. A lot of people will be delayed. We will have to cancel there travel plans for wednesday. Back to you than. Adam one of them as my father. I will be on the phone with them right after this cast. We will get in here. Thank you. In addition to travel, this is a huge wheat for retail. Our next guest has a proven track record of predicting just telling shoppers will be with their cash. In fact, he was one of three economists and the entire country to get last weeks retail day exactly right dollar and he credits his success to what he calls the vice index. The founder of south bay research, and he joins us right now. Thank you for being here. Lets just talk headlines. You are predicting what for the Holiday Shopping season . The same as what we have been seeing. Consumers retreating, still spending, feeling good. We are up against affordability. Income coming in, so much can be spent. You will see next month, the same level of spending. Right now there is a possible. Adam last question and we are seeing mornings, best buy in their earnings report. Why should i not be concerned about that . The second one will be a lot longer. Essentially the started back in the summertime. The consumers started to retreat around the start time. Lots of reasons why, but fundamentally there is money out there. They will spend it. They have the income. What is driving the fed crazy is there not been able to get the consumer to leverage of. Adam they have not been using revolving credit. Getting back to sanity. Real living within our means more less. That is healthy longterm, but shortterm fits and starts and is painful. The consumer is i have this much income. I dont know if obamacare will have me as a payroll tax. I might be spending more. The new agency. We are coasting. We are still growing. I think. Lori and the reason you think hat guy in the past we used to have inventory dumps. Now we dont get that. We get longer economic at a lower threshold. This is something of the getty was paying attention to. The internet totally eradicated unchanged what we are buying, where we are buying, ow were buying. Retailers are keeping inventory on hand. Everything changed and the amount of capital. Without having to put all the money into capital, stockpile inventory, oh, my god, dump it quickly. We are not getting soaring rebuilding in the media dump. We are not getting highs and lows, and that is making the duration of our Economic Cycle longer. Someone like summers are krugman comes out and says it is only 2 percent gdp, you take a breath and say, you know what, i would take 2 percent gdp for seven or eight years instead of 5 for your to. Adam lets talk about the vice index. One of the measurements is prostitutes, escorts. Booze and broads. Adam it is trending down. What does this mean . I am going out and tracking actual consumption, not doing a top down model. This much income, so that means that. I am looking a lot people are really spending money on. Everyone spends on vices. Prostitutes. We will escorts. How do you gather that they . Is not like the fed keeps a number. Contrary to what a lot of people think and im not going out myself and during direct research. Lets get that clear. Adam you have a formula by which you check the price of marijuana and the price of an escort. There are ways to go out and check not just pricing but consumption. You can track the evans flow. We are really talking about is, can we track . Are people willing to spend more less . Is the consumer out there right now spending. Adam i know when they talk about luxury consumption. The vice index catches everybody. You are talking in andy warhol painting for hundred million dollars, what does that tell us about the economy . So what really is telling us is what is going on. On going and saying, everybody drinks. Everybody has a vice. By contract and unquantified and then track the inflection point. Adam nanette think we have a chart. Show us what the vice index is telling us and do you sell this to. Yes. The issue here is that it is a canary in a coal mine. What youre looking at today is what will happen a few months from now. I will like it. But you will notice, 70 percent of our economy, and personal consumption, going out and spending. This is almost onetoone with a people spending four months away. The first thing someone will do, do i feel like i have money burning a hole in my pocket. Will i take dead cigar and lighted on fire . Im checking to find out. Theyre starting to pull back. Adam they continue to pull back by consumption. We are now at the beginning. We are pausing. Still growing. Life is still good relatively speaking, but if you go back to 2011 retailers growing eight to tap 8 . It is slowing down. Adam that is the kind of index. All the best to you. Measuring the American Dream. What seems like a pie in the sky idea is now a reality. How close to you think you are to reaching its . Morrison meyer making a big bet on video as katie couric officially becomes the tech giant new global anchor. And the nuclear deal killing the great u. S. Oil boom . We are in the pits at the cme as a loyal it said to flood into the market. You know how painful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Adam u. S. Leaders and iran reached a deal to halt the Iranian Nuclear program for six months. Lawmakers on both sides of the ill criticize the deal. Democrats and republicans alike threatening new sanctions. Peter barnes is in washington d. C. With the latest on how this is all playing out. This deal has been met with widespread skepticism from israel to saudi arabia, from republicans to democrats in congress. They say that the iranians can be trusted, the six agreement is not tough enough, and it will allow them to keep on course to Building Nuclear weapons. In the deal that promise to cap in rate uranium enrichment. Limiting that uses. They promise that it wont create any knew centrifuges and will suspend work on its Nuclear Reactor in the iranian city of a rock. Iran agreed to increase you in inspections demand for all of this debt would get about 7 billion in some relief from the International Sanctions that have crippled its economy. We are very concerned as to whether there will live up to even these commitments, and this is the first debt during the next six months we expect that the renegotiation is to eliminate the infrastructure in iran. It will to produce a nuclear weapon. The reaction, there are spiking the football in the end zone sank a look, we consolidate. We relieve sanctions. We will have the right to enrich. The Administration Says that the deal is designed to buy time to continue negotiations on the tougher longerterm, democratic senator robert menendez, one of the president s top allies in the senate and the chairman of the Senate ForeignRelations Committee called them duplicitous and said that he will keep working on legislation to toughen sanctions on iran as the talks progress. Reporter oil prices are dropping and news of the deal. Fox business contributor phil flynn from Price Futures Group is in the trading pits. How should we interpret all of this . I think initially theyre celebrating, but as the day goes on we are seeing crude turn higher. Wti is back over dollar off the low it would have brought more oil to the market. This really does not lift the sanctions on oil. It allows them to sell more oil to their current customers of the deal which probably will only add three to 400,000 barrels per day. But you take that risk premium out, look around the globe. Risk premiums are being put back in. You look get syria. Rebels take over an oil field. You like libya, a state of war in benghazi according to libyan army. Oil supplies are being disrupted then, of course, the ongoing tension between china and japan that could make shipping routes of lot more risky. You put it all together and we are wiping out some of those losses already. Adam if i hear you correctly is seems that the next six months really poses no threat to the oil industry in the United States which continues to grow and expand. It does not. Even six months from now if they get sick, you know, so that 1 Million Barrels per day will probably be years before they get their full potential. And the Global Economy, if it continues to grow will still be a big place for u. S. Oil. Adam thank you very much. That setback to the floor of the New York Stock Exchange. Nicole petallides is there taking a look at stocks which are getting some upgrades. Tell us about it. Reporter bye and bye. You know what, you say by, these names are jumping. Lets take a look at names that everyone knows well. The aluminum maker buying a big rating today. It had an unusual pop. Up from 87. Adam San Bernardino california is going to the bargaining table. The bankruptcy is starting mediation talks with creditors today for the First Time Since it filed for bankruptcy protection. Reuters reports that the city will dispute what it goes towards its pension contributions. This scipios 16 nav million dollars, but the city says that number is closer to 13 million. Pensions are kishis because, like detroit, the big question for san martino is whether pension benefits can be cut as part of the bankruptcy process. Different scenario. In stockton they have continued to fund their payments. Executives shuffle. Ceo their apparent on his way out. Charlie gasparino has an exclusive that you have to see. And trying to hammer out a budget. They looked to make cuts in an effort to avoid another government shut down, but who is going to pay . We are live on capitol hill. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I tradlike me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Reporter and 22 minutes past the hour, im laurin green with your fox business minute. Ohio attorney general mike dewine says a grand jury has indicted the superintendent on charges he obstructed an investigation into the rape of a teenage girl last year faugh. The principal and two coaches also face charges. Two Football Players have been convicted of raping the girl. Travelers passengers on a train have been taken to the hospital. No serious injuries reported. No immediate word on the cause. A death toll of 54. The for the operation was interrupted over the weekend with a large part of the group fell in, but no one was hurt. The investigation is underway. And those of your News Headlines and the fox business network. Now back to adam. Adam. Reporter thank you very much. Adam lawmakers are putting all options on the table to try and avoid another ever shutdown. Rich edson is live from capitol hill with more on what they are considering intellectually awarded to a marriage . Reporter they are trying to do so, adam, and trying to read the part of what is known as a sequestered. Republicans say that they want spending reductions elsewhere. Democrats say they want revenue. Republicans say there is no way to tax rate increases. The idea of possibly closing tax loopholes could be problematic because basically a number of lawmakers are pushing to overhaul the entire tax code. Their difficult decisions that have to be made, and most oppose doing tax reform on a piecemeal basis. For those reasons i think that it is unlikely to see significant changes in the tax structure included in a deal in this process. We should look for those down the road and a broader tax reform effort. Reporter so basically the negotiators are saying that they are looking at a set of fee increases, one of them could possibly be government Workers Panel a bit more to the benefits program. Not looking at these. This is used are our industry, huge for the traveling public. Small ball, really lazy legislating. Reporter appealing to lawmakers and their customers handing out these fires to get to the folks to fly their airlines to call the lawmakers and tell them not to increase the tsa fees in negotiations continuing and the staff level. They are supposed to make conclude by december 13th they still want to use that as a way to offset those automatic Government Spending cuts and there is no way, at least the democrats say that theyre going to do so without some type of revenue in that. So on a smaller deal, really is the only way that seems palatable politically, at least right now on capitol hill. Adam thank you very much. It is time to make a little bit of money. Even though oil is trading lower , the stock in the oil will go higher. He joins us now. Were talking about marathon. Marathon petroleum. Three months ago 9. 302. That is above the last couple of weeks. And one of the big problems is when they reported him and believe me, i am no oil expert to but use of sweet and sour and narrow. 46 percent. And then west texas intermediary verses louisiana, that contacted by 76 . The bottom line is money that they normally would have made was just completely not there. Having said that, it feels like in a more normalized market. They have retail spaces commanded just looks like it is oversold. Adam let me ask you this question. I am thinking not sauce. Ive got a lot of the Oil Companies this bread is not dead, not making the same amount of money and gasoline. I hear you correctly, you thing marathon is at the bottom of that. I think it is built in. When you just mentioned that is a fact in that think it is sort of built into it. The stock is trading worstcase scenario, i do not see devolving. Five and a half percent samestore sales. I like it as a value play. If youre looking for value. You can see a clear transition. The nasdaq was higher. Within 30 minutes of trading all the funding came out. The highfliers, facebook, all of the other ones and transition the back. Adam a good chance we might go back over 4,000 on nasdaq. Absolutely. Adam a quick programming note, tomorrow morning peter barnes, our chief correspondent in washington sits down with former Federal Reserve chairman Alan Greenspan in a fox business exclusive. You will want to hear what the former Federal Reserve chairman as to say. Tomorrow morning right year. President obama, facebook and protesters all recently named person of the year. You has your vote . We will tell you how twitter is helping you get your sake. Investing. We will introduce you to upstart, a company backed by eric schmidt to montagnard mark cuban which plans to allow you to invest in average people for a of their future income. Indentured servitude . No.