tv Making Money With Charles Payne FOX Business December 31, 2014 6:00pm-7:01pm EST
charles: i'm charles payne. you're watching "making money." happy new year, everybody. okay, the dow, we're up six straight years. this was a very good one. proves what i've been saying for a long time. don't listen to the naysayers. you have to be in this if you want to win it. we'll make 2015 a good year. right now, straight to laurie rothman. she's in for nicole on the floor of the new york stock exchange. laurie. >> it's a wrap for trading in 2014. the dow gave up 160 points. economic news may have had a larger impact than an otherwise volume trading session. a banner year for the us markets. dow jones industrial average gaining 8% on
the year for its sixth annual gain. s&p 500 rose 12%. the nasdaq 14%. energy, the worst performing sector. oil itself off 46 points. oil and gas-related stocks fell 9% as a whole on the s&p 500. but the best performer on the s&p 500, southwest airlines, ticker luv, up 107%. electronic arts up 107%. number one intel. number two united healthy. markets are closed for the holiday. we'll be back on friday in action. charles, to you and your wonderful panel, have a happy and healthy 2015. charles: you too. i love that southwest is number one. they don't rip people off. we mixed it up a bit. robi is with us. her first time on the show. she's not only a successful psychologist, she's a small business owner as well. regina, welcome to the
show. she's one of the nation's leading experts. he's our secret weapon when we need a ratings boost. two beautiful smart women and todd. speaking of which, hillary kramer and matt mccaul founder of penn financials. they've been so smart. making a lot of money. we want to wrap this year up the right way. let's dig into the first real, real deal. good year for stocks. the rally was challenged on more than one occasion. it surfed any quantitative easing. you heard about the n qe is all she wrote -- it limped out the year. these last couple of days, two rallies. it did not work out. we closed out on the low of the session. the vix surged in the last couple of days -- of all assets, it only finished behind coffee and feeder cattle. maybe threats against the new york police department, that helped
the volatility. i don't think so. we've seen this coming on a lot. so hillary, i want to start with you, your assessment of the market, how we finish? >> i'm excited about 2015. 2014 for us on wall street, it was an excellent year. the defensive stocks stood out. there was some fear, but the good news it was across-the-board. whether it was utilities -- charles: how do you explain utilities continuing to do -- this is mind-boggling -- no one sold bonds. that whole great rotation out of bonds didn't happen. >> but investors, especially the older investors, what they're looking for is yield. they're looking for 2%, 3%, 4%, that's where to get it. you don't really need to go to utilities. that's where investors have made a mistake. even retail stocks -- charles: remember widows and orphans. imagine getting a nice yield and they're the best performing out
there. matt: utilities up 20%. 3% yield. meanwhile, loaning the us government 2% for years. nuts to loan for that. i own the utilities. the utility etf. i wouldn't -- i probably will be selling next year. charles: it was a little sloppy last few days. matt: they made their run. this year was a fantastic year. i think we have -- i agree with you. we have more power going into next year. that volatility, we're not going to have that slow move that we had this year. we'll have a lot more volatility next 12 months. charles: i think the average person will be surprised just how volatile this year was. a lot of people -- todd, i want to bring you into this. forget about the if you thens of the economy and the stock market and everything else, washington really, really has spooked investors and main street so much that it's reflecting in the market these days. >> you're absolutely right. this is a big, big problem, you know, with the republicans, and, again, i'm a conservative here, but
republican leadership really has been problematic. they've been sending a lot of mixed signals out there. a lot of people are nervous are where to put the money. folks talk. they can look at what's happening in the stock market, but in reality, they're talking to their neighbors, they're talking to the folks they're going to church with, and people are very, very nervous. matt: isn't it a self-fulfilling prophecy. keep talking about it, and you freak yourself out. the government doesn't go anywhere. why can't we ignore that and invest in the fundamentals of the market. easier said than done, i know. charles: ignoring that going into the election cycle. open up the first page from payne's investment playbook. the latest in consumer confidence. the number was a little below consensus. but for the most part, take a look, the bottom number, the trend we can see is still pretty good. look how wide it is. a million miles difference between consumer confidence and the stock market, the big gap. they were at a record high in 2000.
keep in mind, the dow rebounded. homeownership was at an all-time high. unemployment was low. for the most part, it felt like america was on easy street. even then, consumers weren't that confidence. their gut gut feeling was spot on. the difference between the market and confidence almost defies logic. speaking of logic, i have to go to you robi. home prices coming on nice. the stock market is through the roof. the job market looks better. why are americans reluctant to not feel better? >> i don't think it's a choice. i think it's a matter of feeling safe. people look at their lifestyle. is there lifestyle getting better? more disposable income? the stock going up doesn't necessarily tell the story of what meme can do ipeoplecan do in their on lives. do they feel comfortable paying for their kid's college? the answer for a lot of people is no.
charles: we had a viewer who came by. i bought him a drink. a couple million bucks put away. he doesn't feel financially secure. doesn't it go deeper than even people's lives getting better. why are we afraid? >> you bring up a great point. a lot of it is subjective. for someone to have a million dollars, they might feel they're on easy street. for someone else, given their lifestyle and choices, they know how long that million dollars will last. if it doesn't last long or they don't have the capacity to earn that kind of money in the future, they're not going to feel confident for a good reason. charles: are regina, friends ex, consumer expert, do you see the same thing playing out on main street with respect to consumer confidence. yeah, it's coming back, but nowhere near where it was. are we the children that survived the great depression. >> a little bit of a lag.
particularly gen x. i think you have to have confidence in the future success of your children to feel like it will go a long way or to feel like you might have to cover for what they might not be able to earn. remembering now, given that the next generation will do better. in fact, the first generation is not doing better than their parents. there's a lot to be said of that psychologically. i can't quit because i don't know all my offspring are okay. and that's -- that's -- that's a hefty weight on your shoulders. >> let me weigh in on that. the issue for a lot of moms and dads. it's those kids that have college degrees that are still living in the basements at home. that's right. it may not be enough when they realize they have to take care of their kids down the road. charles: a lot of parents too, though, use that for an excuse. they don't want the kids to leave. right? especially the moms with the sons. i don't know.
>> after a while, you want them to leave. >> maybe the first week. >> the way i look at it, moving aside that next generation, 2008, 2009, that financial crisis, it was shocking. it was earth shattering. we were really brought down to our knees. if you managed a million dollars or $1,000, it was horrible. that taste is still in our mouth. even the taste of 2000, and the tech bubble bursting, that has an imprint on us. i think that's why, in terms of investors, there's that -- matt: it's the combination of the two. 2000 broke us a little bit. and then 2008 brought us down. two of those in the ten years. living through that, just starting to get money. getting in the market. lose a lot of it. happens again eight years later when you finally get back. tough to have confidence. i think misery loves confidence. i think we like to sit around and complain. go to the bar these days, everybody is bitching about something.
why can't you say, things are getting better. i think that has to change mentally for us. >> great bonding experience talking about how bad things are. charles: people will be doing that tonight. a good point to below the whistle. open up the next page of payne's investment playbook. regina louis has written a lot about trends. she has a great piece on trends in 2015. i want to highlight the ones that i think will have an impact on the economy and specific sectors and stocks. i shortened her list. from her list, these are the trends worth knowing about. they will affect your wallet. the first one, the gen xers turn 50. you never hear about them. we hear about the baby boomers. everyone is complaining about the millennials who won't move out the basement. the gen xers could be a huge opportunity for businesses. these are the people in a lot of cases that have
disposable income. businesses with r are targeting them. the abbreviated wardrobe. we're hearing, work, weekends, workout. there's one. athletic fashion. it's emerged. people wearing uggs and lululemon. accessories galore. maybe a tie pin. fake flower. i don't know. that makes up for the fact that you wear up for uggs and whatever. benz b buing. all thbing viewing.real skills y matter. cops, mechanics, welders, it experts with two-year electronic degrees. specific certifications. the job metric needs that a lot. all right.
regina, it's your list. talk to us. because there's certainly a situation where all those things i talked about generate economic activity. >> you're talking about a covenanted group. they will turn 50 this year. they are 10 million short of the generations that they're sandwiched between. which is baby boomers and millennials. webber, pew research now looking at this group and saying, if you're a car advertiser, why aren't you showing the reality of driving your aging parent and getting them out of the car while you're also on the phone with your college student negotiating the loan. why is it not relevant? this group is cynical. as we discussed the early 2000s and 2008. it will take targeted marketing. we'll see that change, but it commands that. charles: speaking of change, one of the big areas of the market,
are these companies that make replacement hips and knees. the baby boomers are skiing. there was a historical perspective, general examinergenxers. gloria, she plays in the movie sunset boulevard. both the character and she, they were 50 years old at the time. imagine this, she was portrayed as being a washed up old hollywood star, 40 years out of touch with reality. there was that famous with the movie director when she said she was ready for a close-up. now this group is more gung-ho in some ways. they're bogged down because their parents and kids they're helping. at the same time, they're a lot more vibrant than ever portrayed before. >> first of all, it's taking us a lot longer for us to grow up. by the time someone reaches 50, they feel like an adult at this on
point. they can feel young, but they feel wiser. they have to work. so the economy is part of it. but science is changing. and medicine is changing. so that is allowing us to look younger longer, to feel healthier longer, to live longer. so, really, you know, when you think about it, passages -- mid-life -- talk about her mid-life crisis happened at 35. charles: that's nothing. >> it's very different, the landscape. you can have a woman sending her child to college at 45 or having a child at that time. >> even the algorithms don't plan for the longevity of life for women. charles: if you're 65, 99% chance you'll live to 85 as a woman. i'm trying to help. you have to change your outlook. you have to invest. you have to be prepared.
you have to the ability to do it. here's another thing, todd, from your list. vocational training. there's a gigantic shortage of welders and skilled workers. it's not all about stem jobs either. science, technology, and engineering. there's a big need, big voice for that. >> charles, you have a stopped up toilet. you have to get in there and -- that's exactly the problem here. but look we hear this talk. everybody needs to go to college and get a degree. that's great. somebody still has to build the houses and fix the cars. you need to go to vocational skill to do that. i'm a gen xer. i remember having shop class and learning how to do basic things. that's a big part of it. it's almost retro. but, quite frankly, i think there's -- at least for us guys, i won't speak for the ladies.
but for us guys, we like to make stuff and do stuff. matt: the us department of labor said basically over the next ten years, hvac70% job growth. where can i get a job making good money in two years, people think it's below them, but it's not. >> our next-door neighbor back home in tennessee, he had a welding business on the side. charles: not all guys are handy. i had a flat tire, and i called someone up. all right. that brings us up to our next real, real deal. hillary, i want to talk about gen xers. they have a lot. they do travel. they like good foods. they go out. you go to a concert and see chicago. those are gen xers. no one can afford $400 to see these guys.
you like chicago? >> i love chicago. >> the whole issue when we talk about these generations, whether it's gen x, millennials, baby boomers, part of the equation, technology, those that are over 35, not being with it in terms of technology, being able to program, understand how technology works, that's putting a lot of people out of the job market. there's a need for vocational trends. of course, vocational training. but i think that's one of the main problems. that's a real downer, in fact. i'm looking at the psychoanalyst. it weighs heavily on those who feel like they're out of touch with what's happening. they're spending money because as we've discussed, they don't feel like they have enough to put down a deposit on a house. and they're spending on their technology as well. their spending habits are much different. charles: what do you think from an investment perspective? looking at the list, anything that would stand out? >> yes, auto nation.
an. used cars. those gen xers. ultimately have a natural stringent to havinstinct to havebabies. auto nation will thrive. i love the way the company is managed. amazon and apple. the two a's. matt: i don't like women walking around in yoga pants all day long. >> but we like it. matt: exactly. the point is, most clothing sells are work workout gear. i like nike. i think they will slide in there and give them competition. for your 401(k), nike is a good hold. charles: nike, lululemon and under armour. should you invest in
charles: all right, guys. time to answer your questions. remember, anything about the markets, making money, curious about an industry, individual stock or any chicago songs. we've been getting a lot of them. let's do a big one. let's do three of them. got a lot more than that. tj asked on facebook, is it time to jump on
mobile i? >> i'm starting to think these lock up expirations are overplayed. you know, and i think it may be oversold into that. i wouldn't be surprised to see that come and go. i think it's oversold here. i actually would prefer to buy it on strength through 42, trading that better than average volume. i like it a lot. some people are a little disappointed in that last quarter and losing the bmw deal. >> i love it. since the ipo driver assistance. this is the new technology. gen x-ers love it. charles: what's the group after the millennials? xyz? >> z. charles: a kid born today probably will never learn how to drive because he has a grandpa. what do you think about mobile i? matt: i love it long-term. great play. if it holds around 30, i like it. charles: see if you like this
one. wayne asked, what are your feelings about high crush? i have to tell you, i love the company. look, there's nothing you can do with any energy-related stock except cry right now, but also know they will all come back, the good ones. they don't go out of wisconsin business. business. this stock will come back. and it will be a gargantuan winner. no boilings there. fundamentally it's oversold. that's not enough to jump in. unless you took a tax loss and 30 days from now, start to anybody he will again. matt: i rode it up and back down. peg ratio going up. even if earnings are tampered up, this is a great valuation. i like the fracking. hclp. >> the fracking reminds me as the solar stocks. you have to get in and just stay in because fracking as we know, what could happen in the state of new york is
very volatile. charles: but where it's been passed is an economic godsend. look how cheap our gas is. carl, would you buy 3-d systems right now? i like the way the 3-d stocks acted this week. let's see how it goes the next year. i love stratus. i like them both. both oversold. all the hype about hewlett-packard getting into the space is overblown. >> the fundamentals are there. the margins keep contracting. charles: a lot of cheap competitors. products not as good. matt: this will be one of the three or four that come out. dip in earnings. going back up next couple. buying it down here. charles: all right, guys. the minimum wage battle continues. a lot of critics on both sides of this. remember, the midterm elections, the democrats got throttled. this part, everyone actually liked.
tomorrow, 21 states will have higher minimum wages than the federal level. only two states will be below that threshold. take a look at the map. five have no minimum wage at all. many on the left took the votes for higher minimum wage in midterm elections even in red states as a sign that maybe they lost that particular battle, but they're winning the war. what's your overall take? we got a tweet, they don't see any positives from this. >> well, i certainly don't. look, the fact of the matter is, a lot of folks want to look at mcdonald's and burger king and use them as examples. what about the mom-and-pop businesses. the folks who don't have a lot of money. the fact of the matter is, if you only have x amount of money allocated for salaries, you'll only be able to have so many employees. you may end up losing an employee as a result of the minimum wage. what do you tell that person that's not making any money because they're on the unemployment line. charles: a lot of poor families have three or four adults
working partly minimum. if they have to jack up the wage, if you take one out of the occasion -- two are working. one comes out. if they're making a couple bucks extra, that's a net loss. >> that's a loss. money not being spent in the economy. in terms of the 21 states. the incremental increase, theoretically we're opposed to it. the next step after this becomes $15 an hour. walmart has to lay off hundreds of thousands of people, not just one or two. charles: fifteen is the imagine number pushed around. matt: people making slightly above minimum wage, they have to increase their wages too. it's a trickle up effect. this will hurt the small people. entrepreneurship is struggling. put this on top of this. very detrimental for the economy and any growth we have.
charles: there's the thing. people voted for this. in red states where you think it wouldn't pass, it passed with large margins. for me, i think the general public looks at it as i want to help my general neighbor. >> it's hard going to sleep at night a hard-working person making minimum wage can't make it. that shouldn't be okay. by definition, if you're working 40, 50, 60 hours at minimum wage, you're doing what you can. that's the rate that you earn and you should be able to pull it off. i think everybody wants that -- matt: why is it our job, the voters, yes, that person deserves more. why do they deserve more. just because you make minimum wage, doesn't mean you need a good life. move your way up. get a better education. better job. >> move your way up assumes a lot of things. why can't you have a minimum wage job for life? matt: no. you won't have a family on minimum wage your
entire life. >> it was for generations. charles: there was a point where there was no minimum wage, and we actually -- that was during a period where the economy sort of came on. we took the best economy from great britain, if you will. i think some would say the negatives are, if you reward someone who didn't necessarily earn it job, in other words, someone said i started smoking weed in high school and dropped out, and they don't have the skills that matt is talking about, should society, should taxpayers reward that person? every time that person has another kid, give them more money. wouldn't it incentivize others, i'm in tenth grade and i don't of to give it all because society and the government will take care of me? >> i'm not for enabling people. i don't think that's healthy. people feel better about themselves when they challenge themselves and can take pride in what they're producing and earning. having said that, not everybody does the right thing. and so we can't rely on
everybody just paying people what they're worth. >> but they're relying on us by not doing the right thing. >> well, i think -- matt: they are. >> certain people are hard workers. they should be able to earn enough to satisfy their lifestyle and then they'll end up spending more. hopefully the economy will benefit from it. charles: the problem with that again, we get back to a society where businesses are created for a profit motivation. if you're a small business, particularly, it will really hurt. i want to segue into the national labor relations board. they've launched a war against mcdonald's. the mcdonald's franchise is really a legal extension of mcdonald's, the big company that's publicly traded. anything that happens when this small little guy should reflect in the big companies. so any local infractions by any restaurant which are owned and completely operated separately should be reflected there. here's the real deal. right? we have some serious stakes here.
90% mcdonald's restaurants are franchise restaurants. over 40% of our entire restaurant work force -- union membership. this is what this is all about. the clock is ticking. it's absolutely plummeted. the inability to lure workers into the fold is given way now to legal strong arm tactics. with less than 7% volunteering up to the plate. 36% in 1959. there are two signee targets. walmart and mcdonald's three-quarters of a million. those will be huge scores if you force those workers to be union workers. nrb and the unions, they went in overdrive in 2012, there were 290 charges against individual stores. 140 closed. eighty-six they tossed out with no merit. after the most recent round of debrissuous
protests by workers, there's retaliation and intimidation by mcdonald's the big company. our investigation found out mcdonald's usa through its franchise, its uses, tools engaged in sufficient control over its franchise. in other words, they're puppets. what they're saying, they have violated all the rules. they want to go after these guys. you know, for me, regina, it's one of these things where i think it's pretty transparent. you know, when the administration came in, they talked about forcing people to have certain union cards. that didn't work. and, again, you mentioned starbucks too. i have a problem with this because the franchise model does allow people to save up money and open up a business that has name recognition, so you're not shooting in the dark, and you can fulfill your dream to be
an entrepreneur. this could wreck the whole thing. >> that is the american dream. incredible high percentage. can't recall it now of people who start working in a restaurant go on to be a franchise owner. charles: mcdonald's has a great track record, including the current ceo. >> exactly. i don't think it means you're smoking weed or you're a dropout or we're funding you if you work minimum wage and go on to make it. i don't think we should rule that out or scoff at it. that's why, you know, i know it's not without controversy, but i would knock minimum wage. you show up 40, 50, 60 hours a week, good for you. matt: you shouldn't get paid to just show up. you start minimum wage and work your way up. charles: that's not what we're saying. why would an adult be in a situation where they're working minimum wage. >> if i want to be a franchise owner, great.
that might not be your goal. charles: 49% of people working minimum wage are teenagers. 49% right now. it was always considered a steppingstone. if you work at a place like mcdonald's, it's proven you can move up the ladder. if they messed up this franchise ladder, 10% of the work force, that can have detrimental effects for a lot of people. >> people complain about those minimum wage jobs. better than having no job at all. when you have the unions going after these franchises, not just at mcdonald's, but other fast food companies as well. look, these unions are ruthless. they'll go after these franchises for every single dollar they can get. charles: we have to leave it there. i would say to anyone out there, remember, no matter what minimum wage is, it's still the minimum. please endeavor to do better than that.
announcer: and now it's time for upon further review. charles: all right. you know, there's a new developing trend in higher education with more schools ditching so-called merit grants, which provide financial assistance to academic stars, but they otherwise don't need help paying their tuition. this has the makings of major controversy. first, talk about reverse discrimination and perhaps even some of these schools now selling their souls for a fast buck because tuition is going higher and higher. these are private schools that provide the biggest -- some of these schools it's a big chunk what they do.
there are powerhouse schools that don't offer any merit grants at all. cornell. dartmouth. brown and vasser. there's a school like washington and lee. their merit grants are valued at $42,000. so upon further review, is the practice of merit scholarships unfair to poor students or no longer a smart deal for these colleges and universities? >> there are schools that don't need to offer it. i think there needs to be a place for students who deserve it. it's based on merit. it's not discriminating against the poor. it's just saying you need to meet a certain type of academic requirement. and also, who is the really wealthy enough to pay for $200,000 of tuition. >> you can look at it the opposite way. which is, today, colleges totally out of reach. impossible for even middle class america. that's why it should be on need base. the point is, if someone
has a multi million dollar trust fund, should they be getting a scholarship because their academics are good. charles: aren't you discriminating simply because of that money. >> it's based on community. maybe there's a tuba player or a gymnast, that's what makes a community. not just an academic star. matt: that's merit based. if you work hard, i worked my butt off and got a sports scholarship. if i was academically better, that person worked hard. >> my daughter has one. the deal breaker -- my daughter is on merit scholarship. she's a scholar. gets paid on academic scholarship to penn state. it makes her proud to be there. paid to study. $6,000 a year. good for her. >> in this country that we can have just more
equivalence. people are going to vocational schools because they can't get into college. they're in so much debt. >> it's like cold cash. >> honestly the reason penn state gives you an academic scholarship. they don't want you to go to cornell. it's couponing. charles: people want to bring in academic stars. the same way they pay a college football coach $8 million and bring in these guys who can did yowho can dunkand not read. there's an underpinning here about merit and earning something. in this particular case, these kids have earned something. now we're talking about taking away what generally was a reward. >> a lot of kids work their butts off. maybe they don't party on the weekends. they stay home and hit the books. i can understand the concept of the community. at the end of the day, the community is not taking the test and paying those bills. it's you yourself as the student. charles: all right, guys. we have to leave it there. hey, it's new year's
they beat the street last time. i like where the stock is on the chart. they'll ramp things up. a nice little turn coming on. listen, you know i don't like the conscious capitalism thing. from a risk reward point, this is a good stock to have in your portfolio. i have to admit, i went to the container store last -- you guys don't know. i hate their business model. it's not a business molding. they're proud of it. conscious capitalism. they sell the books. but i was thinking, you know what, oil is so cheap. 90% of the stuff is made out of plastic which is oil. even if you don't have a for profit business, i comprised and went with whole foods. they love money. >> i love whole foods. they're trying to get more competitive. sprouts farmers market can't compete. charles: why? >> and i like that. it's a company we looked at. but whole foods, it's about scale and about how you buy from your --
from your -- charles: i like walking in. and i'll ask the consumer expert. when i walk into a whole foods and trader joe's. completely different experience. whole foods is a nice shopping experience. >> it's curated food. it's a museum. it's the moma of your appetite. people don't want to live in the suburbs and mcmansions, the stanford connecticuts. young people, they want to buy what they want to eat that day. whole foods lends itself to that. matt: gen x. they're moving up. but the gen x, we have jobs, we can afford that. i love whole foods. i think the competition, with the issue a couple of years ago, they won out. they're still the clear leader. >> this is the restoration hardware of supermarkets. >> great organic chicken thing too, they have.
charles: on december 22nd, pope francis just let into the leaders of the roman catholic church. outlining the ills of them. feeling immortal. mental and spiritual petrification. overplanning. spiritual alzheimer's. rivalry. gossip and chatter. the funeral face. hoarding. and exhibitionism. it's difficult to wonder if the pope was taking shots beyond the church. he's been very outspoken and controversial. he promises more of the same next year. considering the rut that america is in, despite the good things we have versus the rest of the world, maybe it's good we took a look of this list and consider the good things. now i will tell you right now, i'd rather be an american in the great recession or any other
frustrating period than a citizen of any other country during their boom times. let's talk about this guy's -- so many things on the list that i agree with as a nation. i will say the back coordination, which i think the meaning was we need to learn about other people. other communities. we see this a lot in the headlines and news. spiritual alzheimer's. cut out the gossip and the chatter. we need to find a lot of new things to watch on tv. indifference is an excuse to not get involved. funeral face, i hate it. i told you, i was at the container store, we're hoarding. a whole lot of junk. >> listen, i love this pope's message. i think it's really important. we are in a society that forgets how important it is to forget our own egos to not confuse financial gain with being over -- with being important. so this is a message i
think people can't hear enough. also in terms of mental health, the person who is more spiritually guided in this way will be happier and healthier. charles: people email me, i'm not in the market because america has gone the wrong way. so many people have given up. i don't think we realize just how great we have it even when we're in a slump. >> i'm a baptist, and i think the pope is on to something here. we need to understand. i think church people understand that true hope is not based on politics or the economy. true hope is based on a much higher power. and i think when we focus on that, i think we'll be okay as a country. charles: what do you think? >> i think pope francis, he's reaching out. it's wonderful. to those who are disenfranchised. he makes religion, spirituality important to the self again. charles: you are catholic? >> true and true. i think he's a great
marketer. he has an anti-consumption beat, which we are against. but it makes you mindful, you don't have to do good to be good. you don't have to have a lot to mean a lot. charles: i don't feel bad. but i think we have a lot of stuff at home. sometimes it's too much. i hope my wife is watching. time now for the marching orders. quickly, let's talk about this. the marching order, be safe. right? drink moderately. i know i will probably knock a couple back. we hate the aftermath when we drink too much alcohol. thousands will wake up and look for a cure for their hangover. if you're one of those, you'll get a lot of advice. drink water. how about sports drinks. coffee. crackers. greasy food. or more alcohol. that's hair of the dog. not might to be too smart to overindulge in the first place. you guys were fantastic.
new busy, we appreciated. we appreciate you watching the show. happy new year to everyone. make sure you watch us every night at 6:00 p.m. up, next, lou dobbs. keep it here. good evening, everybody. president obama conducting his annual year end news conference today and not surprisingly he declared this year to be one of his best. president obama began his press conference by acknowledging that north korea was behind the massive breach of s