The shares fell for the Third Straight year to the lowest level in 30 years, this all according to the National Association of real tors annual survey. Just 32 of buyers were firsttimers and historically that share is about 40 . Firsttime buyers surveyed said all forms of debt had delayed their saving for a down payment by a median of three years and for those who had the hardest time saving, more than half said it was Student Loan Debt that was the culprit. Another change in buyers, the realtors found 30 of surveys found the primary reason for buying was the simple desire to own and thats up from 24 in last years survey. When you break out firsttime buyers, the jump more significant. 64 said it was that desire to own up from 53 a year ago. The desire for a larger home or a job relocation were a distant second and third reasons for buying. And this comes as the nations Home Ownership rate still sits at the lowest level in half a century. There was no change in the share of Multigenerational Families buying, still at 13 . Even though the Home Builders seem to be focusing on that segment. Also no change in the age of the firsttime buyer, still 31. This realtor funded report was culled from over 6,000 home buyers who purchased between july of 2014 and june of this year. We have lots more from it on cnbc. Com. Back to you guys. Di, thank you very much. Were watching shares of General Motors at this hour. Voting is under way. It is a big vote over the automakers Labor Agreement with the uaw and it could be a very, very close call. Phil lebeau is in chicago monitoring the story for us. Hi, phil. Hi, tyler. Its almost always a close call when it comes to these contract votes. We can tell you yesterday four plants approved the deal with General Motors and the uaw. In terms of where this contract stands, we still have two major plants that need to vote. A total of 52,700 members are impacted. Lordstown and lansing are voting today and tomorrow. The production workers have been approving the contract. The skilled trade workers because of specific language in the contract, they have been rejecting the deal. Whats at stake for General Motors if they cannot reach a ratification by the uaw membership . 26 million in daily operating profit. That would be lost if there is some type of a strike. 243 million in terms of daily revenue, and keep in mind we have a truck and an suv inventory issue at General Motors and really for all of the au automakers. Its limb limited right now. Trucks and suvs, those are the profit drivers for gm. The deal includes 8,000 signing bonus for uaw workers and its a 1. 9 billion in product commitments that gm has made to the uaw as part of this new labor deal if its approved. Take a look at shares of General Motors. Overnight the Company Reported a 15 increase in sales in china in october for the year up 2. 9 and quickly want to look at shares of ford because ford after the gm deal, its the last of the big three that still has yet to work out a contract with the uaw. We know Fiat Chrysler already approved the deal last week. Thats the latest on the contract talks. Back to you. Thank you very much for that, phil lebeau. An important read on the American Labor market. The number of americans filing for first time Unemployment Benefits rising last week by 16,000 to 276,000, and that is the largest increase since late february. The fourweek moving average which evens out weekly ups and downs raising to just over 262,000. Despite that increase, the level remains near the lowest since december of 1973. So what about tomorrows big report. Well, economists are expecting 183,000 jobs to have been created in october. That is up from 142,000 the prior month. The Unemployment Rate is expected to edge lower to 5 even. So the question now is how do stocks trade around a jobs report . Seema mody is here with some answers through the power of kensho. We looked at data over the last five years to kind of get an idea of how markets perform. Whats interesting is that the jobs number affects some assets more than others. In fact, the big stock indexes, not as much as you may think. If the jobs number beats by 25,000, no big change in the major markets. Financials though, the best performing sector, and as expected the tenyear treasury note trades up with an average return of 3 . Here is where it gets interesting though. If the jobs number comes in below expectations, the dow, s p, and nasdaq trade down on average 0. 4 . In those instances where the investors are perhaps getting more defensive, gold outperforms gaining roughly 1 while utilities the best performing sector and financials the worst performing sector while the tenyear note trades down by 2 . Thats how various Asset Classes perform the day of the jobs report but we thought wed look at one week after and regardless of whether its a beat or a miss, stocks gain less than 1 a week after. Materials being the leading indicator followed by financials. So that gives you an idea of how stocks and assets look after the jobs report. Tyler . Thanks very much. One legacy of wall streets multiyear rally is that while markets have thrived, the economy and main street have basically lagged a little bit but could all that change in the new year . Thoughts now from mike santoli. You make the case that actually consumers, main street, has outperformed wall street by which you mean corporate profits i take it and banking and stock prices. So essentially i think about a year ago is when this started. We had a november jobs report last year of 321,000. It was a huge upside surprise. Since that point the stock market is basically flat. Of course, we hit some new highs, obviously had the correction, but really the consumer economy, the household economy, has improved. You have 2. 5. New jobs, lower wage workers actually being more optimistic about their futures than the rest of the workers. It seems these lagging dynamics are working again. One thing you are watching is the Unemployment Rate. We could be below 5 by the end of the year. Basically most definitions of full employment could be hit say at or below 5 . Weve only gotten there a handful of times in the past, 2005, 2006, in the late 90s. When the labor market gets tight, it get better for main street but stock prices on a forward growing basis tend to struggle a little bit. The stock market leads the economy. So is it your thesis then that this sort of main street outperforming wall street will persist into 2016 . And that the real fun part of the markets rise over the past six, eight years is behind it . Thats what the odds seem to be. Essentially youre going to have companies dealing with higher wage pressures and things like that that are good for main street. Does that necessarily mean the end of the bull run or maybe just lower gains . Certainly not. 2005 and 06 you had plenty of time in the bull markets but i feel its not going to be as broad based perhaps a rally. News flash, santoli unwilling to call end to bull market. Not today. Spoofing the markets. The outrageous story of computer driven stories is misleading some of the worlds most active markets. How its happening coming up. Plus one of the most highly anticipated fashion collaborations of the year and courtney reg sentence live in the thick of it. European fashion house balmain and h m have been teasing fashionistas for months. Today shoppers got their chance to buy balmain online. Ill tell you how its going coming up on power lunch. Awe believe active management can protect capital long term. Active management can tap global insights. Active management can take calculated risks. Active management can seek to outperform. Because active Investment Management isnt reactive. Its active. Thats the power of active management. Welcome back to power lunch. Im mandy drury. Shares of crocs under pressure with the shoemaker reporting a bigger than expected loss. Revenue also missing the mark. The shares are down by 3 . Molson coors beating estimates thanks to strong growth in europe and other International Markets although results were impacted by the stronger dollar. And shares of valeant continuing to tank down 15 . Meg terrell will have the very latest on this stock in the next hour of power. A commodities trader could go to jail for 25 years after being convicted of spoofing which is essentially manipulating prices. Bob pisani joins us to explain spoofing and the impact this case could have. Hi, bob. Big story, tyler. A new jersey trader became the first person to be convicted on a charge of spoofing. Thats flooding the markets with orders he did not intend to execute. Michael owned Panther Energy trading, a new jersey based firm that traded commodity futures. The prosecution charged over a threemonth period in 2011 he made 1. 4 million by spoofing in several commodity futures markets, corn, soybeans, high grade copper and gold, for example. Here is an example of spoofing and how it might work. A trader mit enter a series of orders to buy a stock or commodity at prices slightly higher than the market so the prices move up. When Market Participants try to interact with the buy order, it vanishes. At the same time the trader would sell contract he or she had already bought at Prices Higher that was available a moment before. This is a very old scheme. Its a variation of the old pump and dump strategy thats been around for hundreds of years. However, computerized trading enables you to do it faster, but its still essentially a scam. His attorneys had argued that the law was vague, it wasnt clear what spoofing was but the jury disagreed. It appears to have come down on the side of the prosecution. They had argued that spoofing occurs if you have an algorithm that is specifically designed to be canceled when anyone tried to interact with it. In other words, the prosecutor successfully argued he had an intent to deceive people. This is very important because spoofing was made illegal specifically by the 2010 dodd frank act. This is the first time theres been a conviction under the law. Now, its not clear if this will encourage prosecutors to bring more market manipulation cases but it provides a clear Legal Framework for prosecution. This is being very closely watched by the other person to be criminally charged with spoofing. A londonbased trader thats also accused of market manipulations. Hes denies these allegations. By the way, several big High Frequency trading firms were witnesses for the government essentially arguing in a sense that wasnt High Frequency trading, that guy is just deceiving people. I think the case will be appealed but its an important first test of the law. Thank you for explaining it, bob. Its one of the most anticipated collaborations of the year, high fashion meets fast fashion. H m unveiling its balmain collection. Courtney reagan is live at an h m in San Francisco. I believe the website is actually crashing. Thats right, mandy, and not all collaborations are as anticipated as this one. The balmain for h m, at one point the website was already basically crashing because of the volume of shoppers. Many items selling out both online and in the 220 stores around the world where the collection is available. Now, this morning there were about 250 people camped out outside this location. Only 20 of them are let in at a time. They were given wrist bands and they could shop for about 15 minutes at a time. The first shopper that was let in today had been camping out for more than 24 hours. I want to buy dresses, going to buy shoes, jewelry, belt, whatever i can get my hands on. Only for 15 minutes, correct, yes. Now, while h m wont divulge the financial details or even the inventory levels, these types of collaborations arent typically enough to move the financial needle. The value all comes from the buzz and the marketing. Overall we see that it creates a lot of brand awareness. Were also giving back a lot to our customers saying we have something extraordinary. Existing customers, new customers and something to kick off the Holiday Season by really saying we are here, we are relevant, and h m is on the spot. We had asked kulle if he stress tested the website ahead of time and he said yes but only as much as you can. You just never exactly know how much the demand will be and at what levels at what time. As you can see here behind me, they just let in the next group of shoppers for whatever might be left at h and m in San Francisco. I saw a lot of shoppers just grabbing stuff off the racks. They cant be buying it just for themselves. Are they going to resell it, what . So they do have limits to what they can buy. They can only buy two of the same style. So if youre interested in one of the red skirts, for instance, you can only buy two of them and you only get three days to return it. So perhaps theyre buying one for them, one for someone else or perhaps theyre buying two sizes because theyre just not sure. They only have 15 minutes. So they have to come in with a plan. All of them had plans we talked to this morning. They had previewed the collection and knew exactly what they were going after. That is genius marketing. Only 15 minutes. Like the old supermarket sweep. Thank you very much. Check out shares of microsoft this year up 16 . One of the top ten performers in the dow. We havent been able to say that about microsoft in a long time. The tech giant returning to its start up roots out in seattle and kate rogers is there with more. Hey, kate. Hey, tyler, thats right. Microsoft is gearing up for its latest class of startups in Microsoft Ventures. Well tell you what theyll be focusing on this time around coming up next on power lunch. When a moment turns romantic why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. 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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. Learn more by calling switch to Liberty Mutual and you can save up to 509. Call for a free quote today. See Car Insurance in a whole new light. Liberty mutual insurance. Welcome back to power lunch. Move over San Francisco because seattle is making a major play to attract startups with the help of the worlds biggest soft maremaker. Kate rogers is live in seattle with the full story. Hi there, kate. Hi, mandy. Thats right. Well, microsoft, of course, haernt be hasnt been a startup in decades when they famously launched out of a garage in 1975, but the tech giant located in nearby redmond, washington, is getting back to its entrepreneur roots in seattle. Theyre gearing up for their latest cohort of Microsoft Ventures which is their Global Accelerator program. They will be focusing on Machine Learning. We caught up with Microsoft Ventures general manager zach weiselt who said city innovators great and small make for a great entrepreneurial foundation. You have great Enterprise Companies in this area so its a great place for us to do both work with startups on cloud, work with startups on Enterprise Software and were very interested in this class with data scientists and the whole Machine Learning space. Theyre currently taking applications for this class which kicks off in february. Collectively Microsoft Ventures has graduated 410 companies around the globe. They have raised a total of 1. 2 billion. This will be the third time they have a class here in seattle and he says he has high hopes for the citys entrepreneurial ecosystem. In the next five years were probably going to see a couple unicorns coming out of this area. And who knows, maybe one of those unicorns will come out of a Microsoft Ventures program. Well definitely keep an eye out for that. While were talking entrepreneurship and washington, cnbc will be in the other washington, washington, d. C. , next week for the final stop of our iconic tour along with inc. Magazine. I will be there and tyler will be there and we have a great lineup of speakers. Check out more on power lunch. Cnbc. Com. Ill see you there, kate. The ceo of a publicly traded Pharm