Largest shareholder. Theyre going to infuse 1 billion in the company. The ceo is out. We have the latest on the mess and blackberrys insistence. Interim ceo right now, a friend of ours, insists they will not stop selling the blackberry devices. But whos buying them at this point besides us . If you have one, is it time to give it up . Never. I dont want to give mine up. From my cold dead hands youll take it. I did switch to the iphone, you the by still rely on my blackberry. Isnt that amazing . Absolutely. I have both but i wish i could keep it, really. At least theyve got us. Rooting for them. To stay strong. A new cnbc poll shows investors are not sold on twitter as a stock that is especially the young people who use twitter the most. We thought that was interesting. So, why did the company just dramatically increase its ipo pricing range today . Take a closer look. Ahead of the big deal coming to market this wooeleek. Should you buy it when it comes to market thursday . Google outraged it may have been spied upon by the nsa. But someone one of our guests is asking isnt that what google does to its users . Is that a fair comparison so make . After all, google does have a user agreement. People accept it. Nsa doesnt have a user agreement i know of but we have both sides of the issue coming up. Fascinating, actually. Lets check the markets as we approach the final hour. Dow jones is in positive territory but off the highs. Up 14 points on the industrial average. It has been a slow creep higher for much of the day. Nasdaq nasdaq, similar chart pattern with gain of 10. 75, 3932. And s p 500 up 0. 25 . Dow and nasdaq creeping back toward alltime highs. Bob pisani whats moving things up . We bottom at the time europe closed and steadily moving up. Rom is slight to moderate typical of a monday. We have more cyclical doing better. Tech names, industrial names. Put up some sectors. Materials, all doing better. Outperforming the overall market. Housing stocks have had a lot of news. Theyre doing great. Tripoint is buying warehouse home units that was an interesting deal. Vulcan, they had a terrific report. Crudes, near the lowest levels since june. Airline stocks doing well. Delta at record high. We have u. S. Air, us airways at six or seven high. Southwest, same with them. Steel stocks are high. Goldman upgrade the entire area. This whole s. A. C. Settlement. A huge part of the volume, some say as much as 5 but more importantly, they were the largest commission payer of any hedge funds out there. While the impact may not be obviously, were certainly going to see somewhat lower volume slightly lower volumes. The big impact of course, is going to be on less commissions out on the street. Of course, wall street runs largely on those commissions. Guys, back to you. Thank you, bob. Joining us for Closing Bell Exchange jenna godfrey, aaron gibbs, hank smith and our own rick santelli. Good to see everybody. Thanks for joining us. I want to begin with hank here because, hank, i know in the past weve talked about financials. We got those new capital rules for the upcoming stress tests and the Bank Capital Requirements going into the next year. Whats your take on that . Would you put new money to work in the financials here . Well, yeah absolutely, because we think theyre still very undervalued and they have earnings power that hasnt returned to the precrisis level. So, yeah, theres some obstacles, headwinds, the financial reform, new regulatory environment, but thats all priced in, in our view. Jim, i saw you tweeted out to your followers asking them what risks you think they think investors have missed the most. What did you find out . What did they tell you . Well, one of the concerns that well i mean my followers are very concerned across the board in terms of whats going on in europe in terms of u. S. Policy. One of the concerns i think a lot of investors have missed is the fact that some companies out there have focused on costcutting alone to boost their profits. In order to maintain this profit trajectory they need to focus on Revenue Growth. In particular, weve grown more cautious on the banks because regulatory costs are going up. And in terms of economic back drop, its gotten a bit weaker. Cost cutting can only get you so far. Thats why the concern. Erin, what about you in terms of Revenue Growth what are you seeing from this quarter . So, this quarter is actually pretty decent for revenue. Next quarter is the big negative for banks. I think its largely priced in. Earnings tends to follow two quarters after the Revenue Growth trends. We see Earnings Growth being one of the worst for this quarter for financials and for 20 13 its the third worst sector for 2014 for Earnings Growth. With a meesely 4 Earnings Growth. Well below the average. If youre looking at sectors to avoid, right off the bat, financials isnt one of those high growers. Also when you look at valuations, its also one of the more expensive, particularly when you look at where it ranks within growth. Theyve been trying to cut costs. Hank you got a response to gemmas idea that cost cutting is not a longterm proposition. Thats been going on here in the u. S. For a while, hasnt it . Oh, its been going on for three decades now. Fortune 500 fortune 1,000 k7z have been doing nothing but cost cutting and thats part of the productivity story. So when the economy does pick up, thats going to fall right down to the bottom line. Youll have a much greater profit expansion. I mean the point is well taken, gemma, by your followers that cost cutting can only take you know, earnings so far. But it depends on how much fat is on the Balance Sheet right now, right . Exactly. Because you can only cut so much fat and then have you to look at, how can you grow performance . If were using the analogy, how can you make that steak taste any tastyier . Some ways is profit momentum. What were looking for in terms of, for example, Biotech Sector there are many different multipliers, many different drivers. You have m a activity secondly a strong pipeline of products. You have Revenue Growth drivers that are there. Thats the reason were slightly more comfortable there. Going back to the point that was mentioned initially in terms of valuation, et cetera, this is a sector thats underowned. Again, thats quite rare in this momentumdriven market to find something, you know, that is positioned like that. Yeah thats a good point. Meanwhile, the dow transporting touching record high. More money moving into this market. What are you seeing in chicago, rick . Jump in here. Were seeing a very, very calm treasury market considering we have important data. Thursday first look at gdp. Friday, the jobs report. Infraday ten, were not going anywhere quickly. You can see rates have firmed up. You can see theyve taken a toll on things like the hyg, or lqd, investment grade. The last chart may be the most important with ecb meeting. Euro currency taking a bit on the chin. Lowest level since third week in september. Maria, bill i sympathize. Im a big blackberry guy as well. Ive been hoping someone from blackberry would go on the air and say, if you like your blackberry, you can keep it, period but since that didnt work so well for health care, i guess it doesnt matter if they say it or they dont. Im with you. Someone call john chen quickly. Get him on here quickly. Quickly, before we go gemma, you dont think the ecb will cut rates on thursday, do you . I dont. I think that i remain acome dative. If they do, that would be a moderate surprise because only upside potential there. Otherwise its priced in the fact that the the possibility of them keeping rates on hold. We will see. Well leigh it there. Thanks everybody. Thanks, erin. Appreciate it. 50 minutes left in the trading session. Its been a calm trading day in the equity market just as rick was saying about the treasury markets. The dow up one point right now. And what about Health Care Bill. Obama care relying on young people to sign up to pay for the program and help the ouflt control costs of health care in america. How does that look so far . Weve got an update next. Speaking of young people have you heard about this new poll we conducted with the Associated Press . Cnbc ap poll finds 52 of people aged 18 to 34 those are the heaviest users, they feel twitter is not a good place to invest. Really . So if twitters core users dont even want to buy the stock should you stay away from that offering . Well look at that coming up. And then scrooge mcducks, thats what they are being called. They should pay more in taxes. You can but thats getting some reaction today. Later on closing bell. Vo two years of grad school. 20 years with the company. Thousands of presentations. And one hard earned partnership. It took a lot of work to get this far. So now im supposed to take a back seat when it comes to my investments . Theres zero chance of that happening. Avo when you work with a schwab financial consultant, youll get the guidance you need with the control you want. Talk to us today. Welcome back. As you know welcome back. As you know, in order for the Obama Care Health plan to work it has to have young, Healthy People to sign up to offset the older people who tend to use a lot of health care. Now were getting some details on who is actually at least inquiring about enrolling in the obama care program. Bertha coombs joins us with details. Bertha . So the Obama Administration has given itself 26 days to get the federal website fixed and running smoothly. And in the meantime, they say they are now going to be taking healthcare. Gov down between 1 a. M. And 5 a. M. It started over the weekend. Theyll be doing it now on a daily basis. While it will be another week before we get official enrollment data from the Obama Administration, some interesting indicators from a Commonwealth Fund survey. Fewer than 1 in 5 merndz who could be eligible under obama care said they visited healthcare. Gov. While 60 of those polled know about the online marketplaces, only slightly more than half are actually aware of the availability of subsidies. Of those who visited the exchanges, 21 said they had actually enrolled. Among early shoppers 1 in 5 is younger than 30. While more than half are between 30 and 49. 73 describe themselves as being in good or excellent health. While 1 in 4 say theyre in fair to poor health. Now, tomorrow Marilyn Tavenner will be back on the hill testifying. That hearing gets under way at 10 a. M. On wednesday Kathleen Sebelius will be back as well, testifying before the finance committee. Back to you. Bertha, thank you so much. The Obama Administration set a target of 7 Million People to sign up for the new Health Care Plan by march 1 st of next year. Thats 39,000 each day. The exact number of enrollees is not public but early estimates show enrollment falling short right now. Joining us right now with their take, doug holtz, former director of the economic budget action and michael mandell, economic strategist for progressive policy institute. Thank you for joining us. Doug, kick us off. What do you think the impact of Health Care Overall will be if the enrollment in exchanges falls short, which seems to be what were seeing . Well, this is a big problem for the obama care rollout. No question. You need the young invincibles. A group traditionally has not boughten some insurance. In polling we did earlier, 45 of them said they would not buy insurance if they saw premiums go up by as much as 30 . Were seeing much bigger increases than that. For a 30yearold male thats a nonsmoker, cheapest policy has gone up by 260 on average. For females, 190 . This smells insurance disaster for obama care, on top of the higher cost they built into the premium base. This is not good news. I mean, we want to talk about the cost and the enrollment and whether that goes down as enrollment goes up. Michael, you dont feel this sense of urgency yet. No, no theres no urgency yet. Because remember the data is march 1 st. Its not really march 1st. Its march 1st of 2014. We wont know until how the thing is doing until 2015. The fact is right now, im actually fairly confident theyre going to hit their goals. Look at Health Care Stocks up. Shouldnt be selling Health Care Insurance stocks yet. Obama care is something that will end up working. You think theyll hit their target of, what, 7 million by march 1st of next year but the makeup of the people that sign up is going to be very key to what it does to premiums, what its going to cost people. Right now we dont know what the makeup is going to be. But this is a little bit like you know you look at these early polls. When you have a new product that comes out that smart people dont try to sign up, they wait until the bugs are out. Everybody knows about the bugs. Lets look a month from now, two months from now to get a real answer about whats happening. I think the obama care program has a lot of momentum behind it. Well see it be successful in the end. I want to agree with something michael just said. I dont think were going to know today, tomorrow, november 15th, input i dont think they have as much time as they might believe. If they want to get people into policies, this has to be working very well by december 15th. I dont think thats this is more than a website problem. This is an enrollment problem. Enrollment hinges on what you get and what you pay. Your prices are not going to change. These prices are a big cost. The prices are lower than people think. You have a lot of people who dont have insurance now. They may be lower than they think but higher than last year. A lot of people didnt have insurance last year. Thats a big difference. What about the overall cost curve of health care . Lets not its going down. Its going to shift, though. Its going down. What about the concern about who is signing up . Too few young people, the invincibles Health Care Costs have been going down. Whats happening is were not hadding into a cycle where Health Care Costs are rising fast, theyre rising slowly. Im not worried about Health Care Costs at this point. Lets remember there are two different pieces here. Piece number one is the Health Care Bill how much our nation spends. And there obama care is designed to raise the bill. It is designed to cover people and say, spend more on health. Its going to drive things north. On top of that are insurance costs. Were seeing dramatic increases in the cost of insurance, particularly for the group they need the most. The young and healthy who are supposed to pay the bills of the others. Remember, Health Care Insurance its not going to get better. This is not about the website. This is this is about the fundamentals. Health care costs have been slowing michael, do you think the younger citizens out there, as concerned as they are about the cost of health care, are going to be the ones willing to pay the costs pay a higher premium to help out their older sicker brothern. Theyre not doing it to help out the older thats the basis of the program. Theyre not doing it, michael. Well its not happening yet. This is the early stages we raised the price. They can do the arithmetic. Anyone making more than 25,000 is going to say 95 penalty or a sticker shock of 260 a month. Well find out by march 1st which ones happened. Well find out if you think about the young people, i know a lot of young people. They havent been thinking ahead. Once we sort of tell them once they sort of are informed about the availability of Health Care Insurance, i think youre going to see a big change in behavior. Because youre relying on the legendary ability of the young to absorb the wisdom of their elders . Thats the plan . It can happen. It can happen. I have children in their 20s. Yeah, me too. Me too. Mine are for sale. Thanks, gentlemen. Well be watching. Appreciate your time. Well sigh you soon. Thank you. Final streven of trading for the day. We have a market fractionally higher. Slight moves. Five points higher on the dow. Google executive slamming the nsa for reportedly spying on googles data centers. When we come back well hear from somebody who says schmidt is being disingenuous maybe hypocritical because google spies on and exploits its own user information all the time. Red sox stars shaving off their famous playoff beards after winning the world series. And blackberry shaving off share after abandoning plans to be acquired. Blackberry has not won anything recently. Theres a segue. Time for loyalists to give up on their blackberry phone and move on to another device. No i wont do it bill me either. And im not shaving my beard either. Announcer where can an investor be a name and not a number . Scottrade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions i can talk to someone who knows exactly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. And just give them the basics, you know. I got this. [thinking] is it that time . The son picks up the check . [thinking] im still working. Hes retired. I hope hes saving. I hope he saved enough. Who matters most to you says the most about you. 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