German Industrial Production and some reports at least that some ecb members favored a rate cut yesterday. Our road map will go like this. That puzzling jobs number beating virtually every wall street estimate as the Labor Department says sandy had only a minimal effect. Is it true a clean number and what are conspiracy theorists saying. A comment hastings made last july. What does it say about s. E. C. Rules and whether they are out of date. Mcdonalds will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. We begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. October and september payrolls were revised lower. Unemployment rate fell by 0. 2 to 7. 7. Thats the lowest in four years. The dip occurring mostly because more people stopped looking for work and were not counted as unemployed. As for hurricane sandy, the Labor Department says the storm did not substantively impact the november results and that probably was the Biggest Surprise to everybody. This is a very strong number. I think only u. S. Government now can stop this kind of job growth. A fiscal cliff go over snatching victory from the jaws. A superstorm. Nothing can stop the generation of jobs in this economy. Theres a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of Office Buildings developing, shortage of shopping centers, shortage of shopping malls. This is what begins a movement. You have to hire eventually. Now you could say people are not looking for work, come on. Look, jobs are here. They can it can be just easily reversed if you have no idea what is the future because of washington. Given the data points that weve had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. Average hours worked unchanged. Doesnt that i dont know doesnt that bring into question a little bit the participation in the survey. How can it have no impact whatsoever . It seems curious to me. It does call into question whether these numbers can be accurate. We have been starting to think lets check accuracy. Why isnt this done by s. A. P. . Why arent numbers done by oracle or salesforce. Com. Those are private companies. Im just saying that you wouldnt question the data if it was done by a company that got a contract like s. A. P. And put these numbers together. I am beginning to question how these numbers are put together. That number was i agree with you. Sandy has no impact . On number of hours worked. A lot of country was shut down during sandy. Even before the number hit, people were saying you got to incorporate poll workers for the election. You had holiday hiring. You had sandy. I mean, it may be the journal argued its the least important jobs number in five years. I saw that. I do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. Greek situation. Maybe its off the front pages for a while. And so if we assume that the jobs picture in the u. S. Is not bad, lets assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. Kernen had a good point. Does strength mean the economy could handle a cliff or is it so good you wouldnt want to tamper if i wanted to create a recession, what would i do . I would raise everybodys rates. I would cut the unemployment benefit. Just trying to think of a theory of how i could cause a recession. I would cut back Government Spending quickly. I would raise Interest Rates to 20 . Bernanke ought to join the look, i think this is whats going to happen. I think its 5050 we get a deal. No vacation. No legislation, no vacation. I think that when people get their paycheck at the end of january, they are going to be shocked at how much lower it is. I know these guys in washington, their paycheck isnt affected. I think when you get your paycheck, youre going to say i hate that. It is going to be that big. Its going to be very the takeout is going to be big. Amt at the end of the year, youll write a check when youre supposed to go to macys because you cant believe how much this is a terrible thing. Those that think it wont matter, i think paychecks must be so big that maybe it doesnt impact. Part of the 2 . There should be a deal. I think there should be a deal. I want spending cut big. Democrats, i dont want my taxes raised. As soon as you say that its okay that we have tax increased, republicans say youre not in favor of spending cuts. I want spending slashed. You cant make up the budget deficit just by raising money from rich people. Lets talk netflix. Receiving wells notice from s. E. C. , regulators warning they may bring civil action against the company and the ceo for violating Public Disclosure rules with a Facebook Post. Back on july 3rd, the ceo posting netflix a monthly viewing exceeded 1 billion hours for the First Time Ever in june. The s. E. C. Requires Public Companies to make the information public. Hastings says he didnt believe the Facebook Post was Material Information although that day the stock was up 13 . In a letter yesterday, he also suggested the fact the post was assessable to more than 245,000 subscribers to the page makes it very public. You can choose to disclose information through other venues considered fair that may reach fewer people at the end of the day. Aint up to you. Its up to the government. Rules are rules. And these things do need to evolve. There is little doubt about that. I remember when fd was put in. I would have conversations with executives and say you can tell me im on cnbc i will make it public. Im not going to do anything else with it except incorporate it into a story i was using. Its taken us a long ways from the days when an executive would sit down oneonone and share things they should not have or at least they shouldnt have shared with everybody or even Analyst Meetings that were closed. I remember getting thrown out of time warner Analyst Meeting many arizona ago. Its hard to imagine. They saw me in the bathroom and said the head of pr says you have to leave. Thats where we were not that long ago. I was just making my hair look good. Right. Its always an issue. I would be allowed to stay if that was the issue. David, do i have to be friends with hastings . I dont want to befriend him. What if you dont want to go on facebook . Or does one go to facebook for Financial Information . I mean, what if you disclosed something to a large newspaper in some other country where nobody the number of followers, the absolute number of followers may be large. How is that more fair . Its questions for the s. E. C. We use twitter all many of us. I used it as a wire service frankly. And then i use it also to distribute news. I distribute that news of course on cnbc as well but i use it as another channel of distribution. Should that be considered fair disclosure . There was a discussion about the notion of free speech. S. E. C. Does not care about the First Amendment. They think that this interstate Commerce Clause and that the securities and 34 act just completely trumps that. The idea of making a First Amendment case is just stupid. Theyre not going to let you do it. They dont recognize it as part of commerce. It will be interesting. Wells notice means they are likely to take action. Defense here. You can still make it. It gives the opportunity to at least make a final defense so to speak as to why they shouldnt take action. Well see what that defense is when mr. Hastings we have a sense for it given what they wrote yesterday. Im sure it will be closely watched. We should be clear that we didnt see too much reaction in the stock for good reason. This is really a slap on the wrist in the scheme of things. This will be closely watched because im sure other companies will want to know whether if they tweet something, is that fair disclosure. If they use facebook and that will have ramifications in terms of how Companies Choose to share information with investors. The other point that it raises just thinking about information that can move the markets, this is separate from the s. E. C. In a wells notice, there are many days where we have Economic Data that is released and it is released a few minutes beforehand to subscribers to that service. Is that fair . Thats not the s. E. C. s purview but it raises issues of what is assessable to the broader public versus to subscribers either to facebook or a service. Interestingly on the stock, even though the s p is not above 50day moving average, there are hundreds of components above that. Netflix trading above by the biggest amount. Number three on my list. They are going to pay disney a lot of money. The stock right now is in that exact opposite mode of what it was in before. Everything good everything is now reflected through positive prism. Next thing you know well have to watch the program that you have theres another season coming out apparently. Theyve gone into another season of production on that. Meantime, shares of mcdonalds are higher in premarket. Janney finds that franchisees will take it from buy to neutral. Sales may have been better than analysts were anticipated to janney will raise and they see flat sales from mcdonalds in december. Not the only call out there. Deutsche has one too. The downtrend is pronounced. Its big because there are a lot of people that have fled the stock. The stock did go up yesterday up again premarket trading. I do believe that if you can reverse the u. S. , the stock can go to the mid 90s. Theres so many people negative on mcdonalds. An incredible negativity. The caution in both of these is that it is coming up against tough comparisons. December of last year showed growth up 9. 8 . The anticipation is that things will get easier because comparisons will get easier as well. I would like to know the components. What is selling well . What did they do . A lot of what happened in skinners final years, new products. A lot of people felt that momentum was they got you in and they had some surprise factor. A wow factor. I dont know. Does this wow you. Fish mcbites or onion cheddar burger. Both will debut on the dollar menu by the end of december. It would wow my cardiologist. Fish mcbites are round balls of fish. Of corn . Are they fried . Chicken mcnugget is largely corn. Do you think its largely corn . Im just being me. Im being you. Im being me and you. Chickens eat corn so they are basically corn. Corn substitutes because chickens cant stand up and so the whole thing is corn so youre eating a corn ball. They have a new head of u. S. And the stock is in a showme stage. Climbing into the mid 90s as you suggest. Its been on hiatus. People love a new name. Remember, a lot of yum had a big Analyst Meeting yesterday. Some people are circling back to that. Howard schultz told a good story at starbucks. People are desperate to find something new to buy. And in an environment of rising employment, thats a big deal for mcdonalds especially in the breakfast business which is a high margin business. It is highly leveraged to macro indicators too. When i go there, theres a promotion going on that didnt bring me into the store. I want to be brought into a store because of a promotion and not discover, wow, i paid much less than i thought. I told you about mcbites. Will you go into the store now . I think they are called mccorn balls now. We changed the name. Melissa is up to date on the menu. Yesterday it was mcrib. These are very important to the stories of these fast food chains. Thats why im so whats the calorie count . When you see the calorie count thats the determinant. Can i have three lipitor. Thats what im on right now. Are you really . Where is your bad cholesterol . Its not good. Not good. Mine is 80. Goody for you. Thats what happens when you get old. You compare cholesterol levels. I went to trader joes last night. Turkeyless turkeys. For the record, whats not to like. When we come back, well get some serious news on the show somehow. The administrations take on the jobs numbers coming up. White house economic adviser alan krueger will talk to us. In the next hour, one of the best performing stocks on the s p all year long, whirlpool. Ceo jeff fettig. What does the head of the Worlds Largest appliance manufacturer have to say. Back in a minute. Take a look at the futures. Reacting to a better than expected jobs report showing the month of november adding 146,000 jobs. Unemployment rate edging lower to 7. 7 . Implied open on s p 500 up 4. 25 points. A plan to shift concentration away from making hardware to designing software and services for Data Management at cisco. The ceo saying he wants to double Software Revenue in the next five years which today is a business of 6 billion. Cisco sites slowing growth in economic demand due to the economic downturn and increased competition. Looks like cisco is looking to gradually change to an area that would bring it more revenues overall higher margins in theory. I wish them luck. Theres a competitive market there. You want to move into that competitive market. Good luck. Its very hard. Everyone knows that they dont spend like they used to. If this is an attempt to get into big data more than they already are. You would think they already have this. They think they need to do much more. The stock is inexpensive. Doesnt seem to get traction. Chambers gives an interview to times saying of the big five or so, two or three of those will not be on that list in the next five years. Microsoft struggles for relevance. Who struggles more . The stock is acting nicely as of late. Nice for hp the last couple weeks. It doesnt have any tax pressure. Theres no fiscal pressure in terms of locking those gains in. No risk of that. How do you get off to a fast start on this jobs friday . Cramers mad dash is next. A view from the Buckeye State. Former Ohio GovernorTed Strickland on todays numbers and what he sees as a solution to the fiscal cliff. Lets look at futures once again. Holding onto gains. Dow looking at 44 at the open. Much more squawk on the street straight ahead. 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Until we see an Inflection Point in china, right now people feel like its gone like this. Be careful. Yum. There are some lonely bulls out there on yum even at these levels. I happen to think that the United States could turn. I like the ceo. Hes always reacted to whatever is bad. I dont want to writeoff yum. I feel like this was so devastating. I got to see something positive before i can come on this show and say buy it. How about wsm . Heres a terrific report. They say the growth story is unappreciated. William sonoma next week pier 1 reports next week restoration hardwa hardware. Everything in the house is doing better. Possible sandy story. Possible employment story. Where would those employment numbers be had it not been for sandy . Business is real good for ll. No one wants to say our business is great because of sandy because of the loss of life and the tragedy. But look out. A lot of these companies are going start reporting better numbers because of sandy. Its a good line of questioning for whirlpool. Is it ever. Raw costs are coming down. Thats a lot of good information. When we come back after a break, the november jobs number. The sandy effect. Job creation. The fiscal cliff. Well talk it all with Top White House economic adviser dr. Alan krueger. Shares of whirlpool have more than double d this year. An exclusive with the ceo is coming up and opening bell on a friday morning is coming up next. Can i still ship a gift in time for christmas . Yeah, sure you can. Great. Wheres your gift . Uh. Whew. [ male announcer ] break from the holiday stress. Ship Fedex Express by december 22nd