We have amex and United Health as the weak links. Centralbank president mario draghi put it damper on what could have been a strong rally saying weakness in the euro zone is expected to continue for a while. It has been going on for quite some time. Dont know why that is a surprise to the market. That means for the next couple years would centralbank is also cutting their 2013 forecasts for the region. The wild swings in apple just over the past couple days, yesterday apple tanked suffering its worst day in four years. Today a tiny bit of a reprieve from the selling. Noticed a sharp reversal at 10 00 this morning. Buyers stepping in, all kinds of sound bites from tim cook who is the leader here. It didnt choose the market in any way for apple and oil is taking a still down for the third day in a row. Part of the weakness due to supply. Gasoline inventories jumping last weekend when you throw in the mario draghi a you see y crew is up 2 that is the interday picture. If you see what happened yesterday you would see the drop off and that is the Market Driver picking up what is moving these markets. Coming a few minutes the recovery in housing. Remember that . We are always talking about fiscal cliff but what about housing . Is everything in your portfolio still depend on a recovery or is having an overall Market Driver lost its punch . Liz and saunders, chief investment strategist at Charles Schwab and which sidles through and why she thinks the recovery is just beginning. This company depends on you making trades for your portfolio and so far you the Retail Investor are still on the sidelines. Td Ameritrade Joe Moakley weighs in on that, on whether the age of the supersized bank is over and the massive life change he made off of the sidelines and into a real football game. Lets get to the floor show. We have freighters at the Stock Exchange, cme group and nynex. Give me your thoughts. We go through grinding higher as far as the broader markets are concerned except for the russell which is looking weaker right now. Just turned positive. We are all green for the major indices. Does this continue through tomorrow . Hard to tell. If you look at the way the markets have traded on an intraday basis we have seen this pattern over the last couple trading sessions we see a lot of intraday volatility, market opened higher after the opening, trade low and little by little we trickle higher and higher and as you get to the clothes we start to see a selloff. We are seeing that exact pattern today, we are green now and have been up for a while and as we approach the highs liz why is every midday slot is similar to what we saw two days ago. We see a lot of intraday trading. Everyone is investing, people were investing for logger periods of time. With so much uncertainty they get in in the morning and out in the afternoon and back in and by the end of the day they want to be flat because anything can happen overnight. Anything can come out of your core washington so every day as the new day. A week of tomorrow morning and played a market long or short especially with the Economic Data we got today leading to unemployment tomorrow. Liz what about those of us with day jobs . Other than sitting in front of our tv ameritrade or who knows what account making our trade and especially when you see today the ten year yield in treasurys came down once again which makes me believe at certain points, treasury trade and a few trades coming in a matter what. It is defense. Treasury will come down. They are treading water here which is a positive but volumes are down. Volume is slightly over and the treasuuy auctions, the fed is going to announce some kind of treasury buying program to stimulate the economy and keep rates low and that will favor stocks so stocks will take care of what is going on in the treasury market. Liz cap it with the hurricanes and the effect which a reverse from negative to positive at some point. You saw jobless claims are up but sandy will handicap it a bit. We will wont see a clean job number until next year. Once again it will be at my number and will be waiting for the fed. Oil coming downn it is simply a story of a lot of supply, less demand. That has been the story for the last year. We had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. When you take out the fear we have of things going on in syria or iran you see us treating at 78 as opposed to where we are now but [talking over each other] liz when you push it out a couple months to the future of the market and look at the trend it looks to me like we should be trading 3 or 4 or 6 or 8 lower from here and look for the trend to continue as we go further through the winter unless something happens in the middle east. Liz thank you very much. Grinding higher by 14 points. Have a good day. Thanks for joining us on the floor show. 25 days and counting for congress to make a deal otherwise more than 600 billion in tax increases and spending cuts kick in. The fiscal cliff potentially sending the economy into recession. The fear of the cliff. Is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio . You need to see the forest for the trees. To help do that, liz saunders in a fox business exclusive, Charles Schwabs Vice President and chief investment strategist. What is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal cliff landscape . They are trying to trade around perceived outcomes. That is fairly treacherous. We dont get a sense that a lot of investors are doing that [talking over each other] liz there were buying in on the dips because they are trading around he headlines. Theres a lot of tax related strategy happening right now, many of which make a lot of sense, but i have asked the question of loss, what would you put money on a particular outcome . I wouldnt. That is a dangerous strategy. One scenario could be as damaging as another. We can gain that at this point, what should people do with their money . There are certain things individual investors might do if they sit down with their advisor and there might be specifics Tax Strategies but that is very individual in nature. Broadly we are not seeing trade, but fairly cautious on the relatively neutral so basically does make any big bets and keep things close to the best. Woodinville the dust settles and theres probably more opportunity in 2013. Liz you do that in technology. Why is that . We have seen a hit to the economy on the business side, and it is being felt this year. It is pent up demand in 2013 that i think would probably find a lot of dollars going to technology. There continues to be the need to invest in productivity going away. If your company is holding back on spending on newer computers, theres a cycle, we invest in that. We heard a lot of people say we wont have a real rally into housing comes back. Does it still the the entire market depend on that . Are people becoming in nord to the housing has to be it doesnt depend as much, people assume it doesnt matter anymore. What is being underestimated is a positive ripple effect. Even bears concede we are seeing the beginning of a recovery. It is going to start to feed into confidence and even though it is only 2. 7 gdp, and housing goes beyond not just the least being psychology. Liz we put together what i thought was a very cool charge because it shows a strong inverse correlation between Housing Starts and the unemployment level so what you saw was a huge difference, Housing Starts were dropping, unemployment went up. Now you see a real trend in the reverse. There you see its being on the far right, starting to cross again. Does that lead us to believe the Unemployment Rate might come down . The Housing Market, National Association of Home Builders has become a proxy for housing broadly. With a 15 month lag that tends to track the Unemployment Rate and as a go of the Housing Market index goes up, we are now entering into the sweet spot where we should start to see some pretty decent gains in jobs solely related to the improvement of housing. Liz do you tailor your strategy advice at Charles Schwab to the jobs report . No. We did not make tactical calls around the jobs report. At all comes to play in terms of how the macro picture helps us the fine what are shorterterm we dont make a day to day or month to month trading call on the jobs number and suggest clients move money around. Liz what has it been like a Charles Schwab . Is a giant in the industry when it comes to private investors and trading and peoples account. I am sure people are anxious about the fiscal cliff. Should they be as worried . Are we overplaying it in the media . Time will tell. I will say that mainstream does not seem to be as focus on this as wall street or businesses are. The answer to how big an impact is somewhere in between the perceived whistling past the graveyard the consumers are doing and the obsession we all have with wall street and probably is a reality. But i think what tends to boost consumerss psyche, their incomes would be things like gains in housing, falling castling prices, the recovery starting post hurricanes and the. Those come in to play and we have both stocks and houses, the biggest the components of net worth generally moving in the right direction. That, i think, is causing the confidence among consumers and we, wall street, the media, have been tired of talking about [talking over each other] liz great job. Thank you. One of the last things you said was one of the most important. The two things that are the Biggest Network for people, stocks and housing, the home that they own, property moving in a decent direction. Which has not been the case with housing the last several years. Liz liz saunders gets it right so often, thank you, great to see. Closing bell ringing in 49 minutes. He is a leader in the board room and in the locker room. Td ameritrade chairman joe moakley of happens to the head football coach at coastal carolina, a rookie, college coach, find out what he is saying about the downsizing on wall street. The Retail Investor, the Retail Investor will ever come back, and even talked to him about fast tracking dividends to be generated more trading on the Td Ameritrade web site . All coming up next in a fox business exclusive. I aays wait until the last minute. Can i still ship a gift in time r christmas . Yeah, sure you can. Great. Whes yr gift . Uh. Whew. [ le announcer ] break from the holiday stress. Ship Fedex Express by december 22nd for christmas delivery. I put away money. I was 21, so i said, hmm, i want to retire at 55. And before you know it, im 58 years old. Time wenby very fast. It goes by too, too fast. But would do it again in a heartbeat. [ laughs ] liz investors piling in for the power mover, and making it power mover of the hour. Speedup content delivery of Broadband Networks and the Company Coming to terms with at t on a multiyear deal. I will tell you about the terms of the agreement but it is a great move here and this is a one month chart so not bad at all. Let me show you one year so you get a better sense what is going on. At t will provide content delivery to at ts business customers so what is content delivery . At t has a Broadband Network with an insatiable demand for bandwidth. We are talking about streaming video and runofthemill content used to power websites. You can see it is where it has been for the highs of the year slightly but me depress you and show you a three year picture and we are off of the three year highs. Lets look at the fox 50 year. Johnson and johnson and microsoft straddling the line. Nicole petallides on the Stock Exchange with the good and bad in social media stocks. Nicole i liked when you said in satiable demand for bandwidth and it is true because it is hot. Lets look at the zynga and yelp. Lets start with zynga. Of the nose zynga, whether you love it or hate it, the truth is you have an up arrow for zynga because they are working closely with nevada in order to secure nevada gaming rights so that will add to their revenue. There is the stock, up 0. 16, a gain of 7 at 2. 47 a share. Then we will take a look at yelp. It turns out a homeowner, actually gave a scathing review and not a good one about contractor accusing him of damaging her home and telling her that she has got to take parts out and questions freedom of speech and judges are involved and basically questions of the value of the whole thing altogether. If you cant have realistic reviews. There is the stock on yelp which is down 4 . Liz i cant even look at yelp because every review looks like somebody has a bone to pick or there is a competitor or something. Thank you very much. That is my 0. 02. What do coaches and ceos having common . Leadership, the ability to put together a successful team, Td Ameritrade chairman on both sides, the head football coach at coastal carolina, first year, the team made the playoffs, good for you. He joined us on fox business. We go back, you have a passion for coaching back in the day when you were at dartmouth, a split interview because we have to hear what is going on when it comes to the actual trader and layoffs that banks. The biggest trend since we talked is all these companies are fast tracking dividends to be the fiscal cliff clock. Is that spurring people to get off of the sidelines and trade stocks . They see any change or trend . Reality on Something Like that, and the entire market was well aware of where obama was headed and once he won the election it was a reaction in the market. The client base is difficult to make the right decision, you dont know what the facts are. Will be a question later on. There has not been a lot of trading in dividend stocks and because of the reason for that, an overriding concern what is going on with the fiscal cliff. People waiting to find out what is going to happen. Liz from your perspective and you guys are among the biggest, youre not seeing people jumping in and saying these companies are paying out early dividends. As far as our client buying or selling, no. The rationale is simple. You dont know what the rate is going to be an dont know what your tax is going to be and if that is the reason you bought the stock to begin with it might make sense if it goes up 5 , wont makes sense if it goes up 30 so the client base is smart enough to recognize that. Liz Td Ameritrade added dividend of 2. 6 consider fast tracking its dividend. The entire Management Team as well as the board will always think about the longterm best interests of our shareholders and that is something we would look at. Liz is that at yes or a know . Those are things we would look at, decision along those lines hasnt been made. If they would you would be the first to know. Liz thank you. Keep asking you that year after year. Lets get to the supersized bank here we have seen, citigroup cutting 11,000 jobs and it is a smaller percentage than most people might think of the work force. We have seen 30,000 jobs lost in the financial world, my question is is the era of supersized banks over . Seventeenth in the company at one point. At the end of the day, what took place in 2008, this is financial armageddon. You cant go through something that series without a longerterm impact. You havent seen a rebound in housing so all those in our part of it so while we are going through an environment with incredibly low interest rates, the Financial Sector is not making the money they once were. They need to be able to adapt and make some cuts. Eventually at some point in time there will be a light at the end of the tunnel but right now is just management potentially cutting back to make sure they have got realistic numbers relative to what is going on today and tomorrow with regard to the economy. Liz only adds more fear to the market, the retail trader, the investor has been sitting on the sidelines. You know that as well as i do. E di ameritrade down, the stock down 20 since september of 2009. There was so much fear their and trading volumes of not gotten back to the heyday. What would get the Retail Investor off of the sidelines . Number one, clarity. You talk about that an awful lot depended on the market place. Once we get some sort of resolution in terms of what is going on with the tax structure and to tighten cuts and incremental revenues, what is happening with the whole fiscal cliff mantra . Once they have an understanding of what is going on and theres light at the end of the tunnel and the marketplace perceive that as something that will lead to Economic Growth in the United States u. N. Absolutely see the individual investor get back and think aggressively. Theyre waiting and watching. Liz we have got to talk about perfect that you are now a coach again. You went back to your dream job, your coaching in coastal carolina. I love the cover of the book that has been written about you, it shows a guy with a briefcase heading back on to the field. What has that been like for you . What has the journey like . The journey itself for me has always been as much as i love football, what always impacted me most in the Business World was the impact you might be able to have on others and for me it is about an 18 to 22yearold boy learning to be a man and stand on his own two feet and a accept responsibility for himself and understand the needs to learn the consequences of his actions, helping him with his wife when football or college is over with. Have an impact like that, i cant imagine ano