Airlines. You have probably seen the incredible orion launch earlier this morning. Wait until you see the landing, the splash down, unbelievable. Takes you back to the apollo days. First to sue at the New York Stock Exchange. The dow closing in on the 18,000 mark. So lets get you up to date on all of the numbers. The Dow Jones Industrial is up about 80 points on the trading session, 17979. 18. We are not far away. Up 10 from the october 15 lows. Bob pisani joins me on the floor of the nyse for perspective. 321,000 everybody went whoa. You could hear the air out of the room. Upward revisions. And wage growth on top of that. Lets look at what is moving the market today. Might be surprised because my guess was industrials would lead the way, not quite here. It is actually financials as well as materials and health care modestly on the upside here. I want to point out we have a lot of new highs in financials today, regional banks are strong right across the board here. A lot might say why are regionals and banks leading the way here. I think a lot of people are betting consumer is looking a little better and with a little more money potentially good signs for the banks. These are new highs on regionals. Even Money Center Banks and big financials so all at least 52week highs. Not surprising i think we are seeing weakness in interest rate. Not much. 1 down in utilities. Telecom, if this was a year ago you would see a lot more panic. I think it is a sign the market is maturing a little bit. I want to point out another factor and that is the yen dollar relationship. The yen dramatically weakened against the dollar. Now 121 yen to dollar. This gives a boost allowing traders to borrow money cheaply and invest it elsewhere in the world including here in the u. S. Stock market. If we would have this number a year ago i have no doubt that would be down 200 to 300 points right now. Because it would change the feds time table. I think it is a sign people are not quite as panicked right now. Inflation still very, very low. Very low indeed. Thank you. Ill see you later. Dominic chu for a market flash. Lets pick up the conversation. We will talk about the financials, the leading sector in the s p 500 on heels of that stronger than expected jobs report. That raised the specter of higher Interest Rates possibly sooner rather than later. You can see here the s p financials up by 1. 25 leading the way higher regional banks like zions, etrade financials all winners in the days trade. Thank you very much. The dow rally being driven by those jobs numbers this morning. The economy on track to record its strongest year of job creation in 15 years. Job market partying like it is 1999. 15 years ago pretty good year. The jobs report sparks the only debate it could about whether the u. S. Economy is accelerating into another gear. That debate can be seen in the cnbc rapid update tracking gdp forecasts. The numbers were reduced because of softer october. What want to point you to is the range. Third quarter tracking kind of old business 4 with a small range. Look at the fourth quarter. 2. 6 down a tick with a range of 1. 1 to 4. 2 . Deutsche bank, he is our resident optimist in this survey we do at 4. 2 . Goldman sachs coming down to 2. 4 . Who is the pessimist . Here are the numbers that everybody is fawning over. Nonfarm payroll 321. The estimate a weak 230. I had the under. The Unemployment Rate was unchanged. A big influx into the workforce. Participation unchanged at 62. 8 . Average Hourly Earnings up. It is a Festive Season for u. S. Workers should translate into a jolly time for retailers and the economy. One other chart if you can skip to the fed funds chart. What you see is a big uptick in the outlook. Thats a big jump in what is expected for december 2015. I would say it goes without saying another strong month like this with strong wage gains could easily bring forward rate hikes. What about incomes and earnings . As the labor market tightens should we expect wage gains higher. If you are an employer will you pay somebody more than you have to . You will do it because you have to. So only a tighter labor market. Toiger than it is right now. There is still several Million People unand under employed in america. Guys, with the dow hitting a new high and closing in on 18,000 should investors adjust their year end strategies or not . Joining us to talk about that is burt white and mark eagle. Gentlemen, welcome. Burt, i will start with you. As we see the market continue to make new highs almost on a consecutive daily basis. A lot of people might be tempted to change their asset allocation. Do you recommend that . We continue to think you need to have your portfolio pretty bullish. Lets remember fourth quarters are good. Fourth quarters in mid term election years are extremely good. Almost an 11 annual rate of return and 88 batting average. We think it is a great opportunity. In 2015 it looks quite good, as well. You are seeing good job growth. The economy looks like it will be growing between 3 and 3. 5 . That will translate into good top line and Bottom Line Results for companies that could drive easily high single digit rates of return for next year and the rest of this year. Mark, do you agree with that . It is also likely to be a year marked by a little more volatility, some say a lot more volatility. We may have changes in Interest Rates. We have to worry about europe. Are earnings here in the United StatesStrong Enough to drive this market higher . We would agree with virtually everything that burt just said. I think you have to have an eye towards equities. Most particulary u. S. Investors. The language is getting stronger. The battle between germany seems to be going draghis way. You should probably look at funding whether europe or emerging markets. Equities around the globe and maybe taking that from Asset Classes like fixed income. We like to say Interest Rates are going to move up. We have been a little bit early on that call. At some point they will move up. Data numbers like today drive us towards that day getting closer. Appreciate it. The dawn of orion. It is a new era in space exploration. Jane wells is live down in florida. Mission accomplished. Reporter right now the navy is retrieving the orion from the Pacific Ocean this as we show you after a flawless reentry and landing as the slow from 20,000 miles an hour to 20 miles in 11 minutes after a series of chutes deploy after two trips around the earth going higher. 3,600 miles. Everything worked, quote, perfectly. We have splash down. Splash down confirmed at 10 29 a. M. Central time. Orion is back on earth. America has driven a golden spike as it crosses a bridge into the future. Lockheed martin kept orion powered. The navy has taken over. The retrieval could take another five hours before taking orion aboard uss anchorage in a new way of retrieving. They will take it home to san diego. The only known mishap so far is that two of the five flotation devices didnt deploy or fully deploy but three were enough to get the job done. We will have a briefing at the bottom of the hour to update if there were other issues. The next test flight will be in 2017 or 18 unmanned. A big win for launching lines. This will be the last time that lockheed uses ula for a launch. The next mission will be on nasas brand new still being built sls rocket, not a private rocket, a publicly owned nasa rocket being built by boeing, atk and aero jet. Thank you very much. Ulta salons earnings and revenues beat estimates. Analysts reacted by jacking up price targets for ulta. Bank of america downgrading google to neutral from buy and cutting the target. And on the flip side b of a upgrading yahoo. We have all heard of employees going on strike. Well, why thousands of angry employers are taking to the streets. You have to see this to believe it. Steve liesman is back. James bond needed a license to kill to do his job. More and more americans need a license to work. The problem with licensing all around the country. You can join the conversation. Is there too much regulation on business in the u. S. . Go to cnbc. Com vote. Power lunch coming back in just two minutes. Often enough, but thank you. S thank you mom for protecting my future. Thank you for being my hero and my dad. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance could be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. I take prilosec otc each morning for my frequent heartburn. Because it gives me. Zero heartburn prilosec otc. The number 1 doctorrecommended frequent heartburn medicine for 9 straight years. One pill each morning. 24 hours. Zero heartburn. Were for an opens you internet for all. Sing. Were for creating more innovation and competition. Were for Net Neutrality protection. Now, heres some news you may find even more surprising. Were comcast. The only isp legally bound by full Net Neutrality rules. Lunch. We are watching what is happening with the Dow Jones Industrial because we are sitting at 17,980 mark about 20 points away from the 18,000 mark. At one point we were nine points shy. We will keep you updated. We are watching shares of starbucks moving higher after analysts increased price target to 82 maintaining overweight rating. Analysts are bullish on the fiveyear Plan Detailed yesterday. The shares are up by about 3 there. The first Starbucks Reserve and tasting room opens today in seattle part of the plan to open upscale caves in more than 100 world wide locations in the next five years. You are watching a live shot of one of those locations right now in seattle, washington. Starbucks founder and Ceo Howard Schultz will be live on the closing bell here on cnbc. We will learn about the reserve tasting rooms and about big plans for the future. Hopefully they put one near you or me. We will see. Absolutely. The french always seem to be on strike. Airline workers, farmers, waiters, someone is always walking off the job. Now it is the bosses. Reporter this week the bosses say they have had enough and werent going to take it anymore. In an unusual twist it was French Business owners, not workers, who took to the streets in protest against the government. They say that inflexible labor laws are hurting the french economy. It is something you cannot translate in french which is a business friendly environment. Reporter next year a series of new laws will come into effect, effectively raising the cost of hiring workers. This includes legislation that forces parttime employees to work at least 24 hours a week. Next week president hollandes party will announce reforms. Not very easy for the interpreters. Reporter he says he wont stand for reelection in 2017 if he fails to curb steadily rising unemployment. The French Public are skeptical about the economic plan. The bosses are friends have some backing. Both the European Central bank have urged the french government to make its economy more competitive. Thank you very much. France, of course, not the only place where regulation is blamed for getting in the way of business. Steve liesman will take a look in a moment of how it is impacting everyone from entrepreneurs, to home decorators here in the United States. Is there too much regulation on business in the u. S. . Go to cnbc. Com vote. You vote while steve reports. Reporter what do a florist, manicurist and interior designer have in common . This is not a dumb bar joke. Give up . They are jobs for which somewhere in the country and sometimes many places in the country the government requires a license, registration or certificate to go to work. And in some states even bartenders need a government sanctioned piece of paper, licensing, Certification Requirements soared from 5 in 1950 to now covering a third of all u. S. Workers. Economists like steven davis point to such local state and federal rules to explain why the u. S. Job market has taken longer to rebound. New business formation, job to job mobility, recovering from a lost job, growing businesses in a way that they can hire other people, all of these thinthing things constricted and restrained by unnecessary occupational licensing. Reporter economists dont dispute the need for training and education. Troubled is in places like california a job such as emt requires less training than, for example, an interior designer. They are, to some extent, incumbent protection devices. They often do serve the purpose of driving up wages for the incumbents but they do that in a way that is harmful to competition. Reporter a report, president obamas top economic adviser report, found licensing and registration can lead to 18 . In california designer requires up to two years in apprenticeship. Those all saw these incredible pictures on power lunch earlier this week. President Obama Meeting with many of the nations top ceos. Job growth soaring. Questions about regulation remain. Is president obama probusiness . We will discuss it and you can join the conversation. Go to cnbc. Com vote. Power lunch with the dow up 69 points at 17,969 in two minutes. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Welcome back to power lunch. Just about 31 points away from the big 18,000 mark. Sears moving higher after standard and poorz said Third Quarter results show improved comp sales here and says it doesnt see the company defaulting and will continue to divest assets to cover the cash burn rate. Sears shares trading up by about 3 . It is still down about 16 over the past year. Thank you very much. The u. S. Economy adding 321,000 jobs last month. Unemployment rate 5. 8 down over the past year. Participation rate 62. 8 . That is relatively low historically. President meeting on wednesday. Cnbc brought that to you live. The president making it a point to greet practically everyone in the room. He worked the room. As we flirt with dow 18,000 has president obama been good for the stock market . Join the conversation by voting now at cnbc. Com vote. With us today from philadelphia as he is generally on these jobs days, marc morial, much to talk about with the former mayor of new orleans. And at the New York Stock Exchange christy ceo of christy strategies. Gentlemen, welcome back. Good to see you. The stock market at a record high ron christy, unemployment down at a multiyear low. Job growth over the past year as good as it has been since 1999. Has this president been good for the economy or not . I dont think he has been. I think if you look overall africanamerican Unemployment Rate went up to over 11 now. You have 9. 1 Million People who are still looking for jobs. You have 18. 1 Million People who are either under employed and working part time. I think the market has responded well. I think the president has been good for wall street but not good for main street and the middle class. Mayor morial i suspect you see it differently. This is what is so crucial on this. The dow is up. The Unemployment Rate is down. Weve got this sustained period of job growth and also more jobs created this month than in any month in decades. So is the president progrowth . Has the economy grown . Is the nation better off since president Obama Took Office . Any fair minded person would say the answer is yes. Do we have work to do . There is absolutely more work to do. In comperative terms this president has been progrowth and our nations economy is moving in a better direction. You know, ron, one of the issues we may have an economy that is doing extremely well or much better than it was before and a stock market at record highs but the disparity between those who have and those who have not has rarely been wider than it is now. And a number of long term Unemployed People is at a really terribly high number. And those do not gel with dow 18,000 or near dow 18,000. That is where i think the disconnect is between wall street and main street. I think that is why there are so Many Americans expressing displeasure with the president s handling of the economy. The workforce Participation Rate is at the worst point since the 1970s. We have many millions of americans who will see an increase in their Health Care Insurance through obamacare. They will say this president hasnt done anything to help me and my wages grow. This president has stagnated my growth and dragging down the economy. Lets lockdown the vote. Really 70 of our viewers say the president has not been good for