Last two years. There you go. And speaking of a historic first, will the newlyapproved volcker rule hurt the large banks, or will it propel them forward . Lets go to Nicole Petallides on the floor of the New York Stock Exchange to see how financials are reacting. We knew that the rule was coming. Banks expecting it, but still, the question now is now what for these big names. Reporter now what. Thats absolutely right. And were seeing dow component today Goldman Sachs, for example, hitting a new 52week high. We watched jpmorgan at one point today, also a leader on the Dow Jones Industrials, you can see goldman and jpmorgan continue to hold on to the gains, up to 170 and change. Citigroup,back of america pull bank of america pulling back, but bank of america, for example, said they prepared for the volcker rule, and thats exactly what this is about on wall street. Wall street doesnt like surprises. Wall street wants to know what to expect much like when you get the fed calls, when the federal Market Committee meets, right before that you see the uncertainty. Thats the wildcard. So at this point now they are well aware of the fact that the proprietary trading may be squeeze squeezed if the rule makes it illegal money to make speculative bets. So it basically is tougher restrictions on these big banks overall. Morgan stanley up 1. 5 right now, the banking index is just fractionally to the downside. The Dow Jones Industrial average just slightly lower, down about 30 points, so thats not even twotenths of 1 . So it shows you that while this has been a big rule and it was unanimously approved by the fdic and the Federal Reserve board, the sec approved it by a vote of 32, thats worth noting as well. But overall, its done, its what they expected to a certain extent, and thats why youre seeing these banks just hovering around that unchanged line and not really reacting too dramatically at this time. Cheryl still, the sector had a great year, 2012 a greet year for the Financial Sector, so no disappointments there. Nicole, thank you very much. Well see you in just a little bit. Another big story were following today that, of course, is general motors, the stock slight i have lower after the automaker announced mary berra will be the first female ceo of a a major auto company. Here to tell us what this means for the future of gm, jeff flock. I know you spoke with him about all of this, jeff, what was his reaction, and how is he feeling about the transition . Reporter hes been pushing mary for a long time. He really likes her. Shes a real change agent from within the company, somebody that has come up through the ranks at gm. She was running hr when he took over he gave her a whole new portfolio and ill tell you a little bit about her, first of all. Just some fun facts that maybe you havent heard about her yet. She is married, she has two sons a son and a daughter, theyre both in their teens, i think 15 and 16 if im not mistaken. As i said, 51. Her father was a pontiac tool and dye maker. She started herself as an electrical engineer at gm, so shes an engineer. Shes a car gal. In fact, i just listened to what dan akerson had to say about her to troops today. He called her a car gal. Shes also a stanford mba, so shes also a smart gal as well. Look at the rest of the Management Team of gm. Some of them are people that were in line for this job and didnt get it. But first of all, a guy who is highly respected in the new nonexecutive chairman of gm is a guy named, they call him tim, his name is theodore, hes the former chairman and ceo of cummins engine. He was named one of the top five ceos of the past decade along with the likes of steve jobs and jeff beltway sos. Dan aman is the new president of gm. This is a job that didnt exist before. He has been the chief Financial Officer for the company, former investment banker with Morgan Stanley, and mark royce who was also in line, he has now got mary barras new job which is to develop product that he loves. Whos on the occupants . Really only one on the outs . Thats only one person, close confidant of jeff ackersons. And i would add today the stock has not even taken a burp, cheryl. As you pointed out, down just a little bit. But this is in some ways earthshattering news, and wall street does not mind at all even though this is coming sooner than anyone thought because of dan akersons wifes illness. She has cancer, and hes going to devote his time to that. He was probably going to step down, he said, second half of this coming year. Now hes gone as of january 15th. Cheryl but certainly i know, jeff, you did speak with him, and the timing of this announcement not related to treasurys sale of their stake in general motors, because the timing was just kind of spot on. But just a coincidence . Reporter well, you know, i think he learned about his wifes cancer, and i think he did want to get past the sale. I mean, he really that really puts a bow on his whole term as ceo, so that kind of works out well. You could tell today, and next hour well have some tape of him at his employee meeting today, and youll see the gravity in his voice. You know, his wifes illness is a huge deal for him. Very Strong Family guy. And so well see that next hour. Cheryl all right. Well see you next hour for after the bell, david asman will be here with me. Jeff of flock be, thank you very much. Stocks taking a small dive today as the impending taper of the feds bondbuying Program Draws closer. Traders standing by at the New York Stock Exchange, the cme group and the nymex. Teddy weisberg standing by on the floor of the New York Stock Exchange. Teddy, what we seem to be seeing is a change in language for many of the analysts, investors saying basically the taper is a good thing. Are you in that camp that the taper, were ready for it, a good thing . You mean bad is good and good is bad. Well, you know, perhaps its a good thing because weve been talking about it for almost 18 months, and, you know, l until it happens, quite frankly, i wont believe the timing of it. But i think at this point perhaps its just been factored into the market. You know, its kind of like kicking a dead horse. And im not sure if its a good or a bad thing. I would simply say that the prospect of tapering or higher Interest Rates because the u. S. Economy is doing better not for some mechanical reason or political reason would be a good thing. I mean, short term it might hurt the market, but long term its good for companies and, therefore, good for stocks. A lot of talk about the volcker rule, were going to get to that later in the show, but the impact on the Financial Sector, are we past, in your opinion, worries about the Financial Sector and the big wangs, or is it hard to gauge the impact of the rule on people like Goldman Sachs and Morgan Stanley . I think its very hard to gauge it now, but i would simply say this, ive been doing this a long time, ive seen a lot of changes. We lived with glasssteigel, perhaps they shouldnt have taken it away, but they did. Its basically a way to put some handcuffs on the banks in terms of their risk exposure. But the fact is, the banks are smarter than you and i. Theyll figure it out, and they will make a lot of money. Cheryl companies will change how theyre banking and investing as well. Ira epstein at the cme, what are you watching today . Im interesting how the dollars breaking. Foreign currencies rallying, and the stock market staying basically stable. I think were seeing a prereaction already to the fomc meeting, and my guess is the markets comfortable and nothings going to come out other than talking about tapering, but not necessarily enacting it. We may even get a rotation even after the fomc to kick stocks back to the upside. Right now just rotations, but very mild. Dollar down, interesting. And gold and silver came alive today. Theyre getting a real nice pop. Cheryl nice to see you. Jeffrey grossman over at the nymex, i was looking at the oil contract earlier sitting above 98. The activity weve had in that contract over the last week or so has been really the jump that we have not seen for weeks. Does this continue . We going above 100 . Whats going on . Everybody wants to talk about 100. Im not there yet. I will say this, though, when we broke out last week, that was above the 95. 60 area, the market switched over to a market that has been able to be bought on dips on a continual basis for the last half a dozen sessions here. The market is certainly looking healthy. In fact, the only thing that tempers my judgment and wants to say that i dont know if were going to see 100 without any new information coming in, the gas and the heating oil relative to crude oil has shown a little weakness in the last few days. Those crack values, which had blown out, have really calmed down a bit and now have come in a bit. So, again, were going to have to wait for tonights numbers in the api and tomorrows eia numbers to at least give us an idea of overall direction. Cheryl i think the noreaster coming this weekend is going of to have a little bit of effect. Have you seen the forecast . Im sure you have. Thats going to be the clincher, im sure, for that contract. Guys, thank you very much. Good to see all of you for the floor show. Closing bell, just 50 minutes away right now, here we go on this tuesday. North america enjoying a boom in oil and gas production. So how should you, the investor, ride the wave . Coming up next, we have a fox business exclusive with the ceo whose company is rapidly growing player in the Domestic Energy business as well as, get this, the wireless industry. And the Federal Reserve and other regulators throw their weight behind the volcker rule, but how much impact will the new regulation really have on wall street . Will they hurt profitability . Stay with us, were going to cover that coming up. So i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn tilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. [ engine revs ] [ male announcer ] the mercedesbenz winter event s back, with the perfe vehicle thats just right for you, no matter which list youre on [ santa ] ho, ho, ho, ho [ male announcer ] ge the allnew 2014 cla250 starting at just 29,900. And this pa is the inside of your body. See the special psyllium fiber in metamucil actually gels. And that gelling helps to lower some cholesterol. Metamucil. 3 amazing benefits in 1 super fiber. Cheryl the u. S. Economy is rebounding helped by explosive growth in the energy and wireless industries. Behind this growth is a massive grid of pipelines and wire lines across and that is the business of jose [inaudible] his companys stock has surged more than 260 . Yes, i said that, 260 over the past five years, and he is with me now in a fox business exclusive. Very interesting, these sectors that you operate in. Lets start with telecom. Theres been explosive growth in telecom, especially to rural areas. That has been a big thing that the president has pushed through. Are we there yet . Have we reached the furthest part of the rural areas, or do you think theres still more to grow . I think weve made great strides, but we still have a long way to go. As a company, we specialize in wireless deployment, so we build a lot of the networks for the wireless carriers. Its a very exciting field because if youve seen the changes that have happened with handheld technologies and what you can do with your devices, were kind of the company that builds the infrastructure and the backbone to make that work. Obviously, when you think about rural markets, its a lot easier to get rural markets up and running via wireless, so i think weve made great inroads. Cheryl okay. So the rural areas till strong for you, what about the Energy Sector . Because there has been a bit of a, i guess, a change of direction whether its wind, solar, nat gas, coal production, what do you see happening in that sector, and is that the most important sector for you right now with energy . We build wind farms, solar farms, our biggest Business Today is we build oil and Gas Pipelines, but were seeing an energy boom in america. Were seeing a country that is using its own Natural Resources, and i think were finally at a place where our own Natural Resources can fuel our growth in our future. Our biggest business is we build oil and Gas Pipelines from those shales, from those production plays to homes and businesses. So we ultimately get that cheryl but are you concerned about, for example,keystone pipeline, are you concerned about the Regulatory Environment . Theres a lot of concerns about Fracking Technology in the company. Does that worry you as the ceo of a company that that is your Main Business right now . I think its a very active market, and keystone specifically is very important i think not just for the u. S. , but our relationships with canada, its very important to the canadian market. We think its an important project, a project the president should approve. But, obviously, theres environmental risks and concerns, and i think they need to be taken seriously and addressed. Cheryl the president s also calling for more domestic, more must money to be put into ports, railways, things like that. How much work is out there for you if youre a player in this space right now . Well, its a huge opportunity and one that if you think about states and municipalities, theyve really struggled through the down turn, they dont have a lot of money to invest in local infrastructure projects. I think we need to double down on that, thats where the growth comes from. Thats where we get great middle class jobs that we can build on. I think Infrastructure Development is incredibly important. Cheryl jose, you were one of the starts of Undercover Boss and honored, im sure, to be featured on that show. What did you learn from Something Like that. Did it surprise you as a ceo, your experience on the show and what you found with the employees that did not know you were their boss . You know, the big takeaway i had was every individual i worked with, their most important issue was understanding how what they did every day affected the success of the company. And it was different than mm expectation, but ultimately how as a company do we communicate the selfworth of every individual . What do they do, how does it matter each and every day . And i think communicating that as a business is incredibly important to keep up morale at the company. Cheryl again, im sure it was a fascinating journey. Youre in new york, youve been speaking at the conference here in new york. Big theme coming out of the conference . You know, i think people are excited about 2014 especially as it relates to infrastructure. I think the markets really turning, and were excited about the next few years. Cheryl the market turning for Energy Production hopefully for you. Yes. [laughter] cheryl astounding Stock Performance and excited to see where the company goes next. Jose, thank you very much for being here. Thank you for having me. Cheryl closing bell going to ring, 41 minutes to go. Goldman sachs in the crosshairs, should investors be concerned about the impact of the volcker rule . Charlie gasparinos got exclusive new details on that exact story in just a moment. And you might be wondering how all this wintry weather, so much fun, right . Has been disrupting travel across the country. Another belt of snow hitting the mid Atlantic Region and the northeast today. As we go to break, the latest numbers on Flight Cancellations so far for this week. Get ready, folks, look at that. Every day were working to be an Even Better Company and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we in fact, weve invested than anyover 55 billion hereorld. In the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Cheryl the power mover of the hour, starbucks. Take a look at the stock right now, its actually trending to the downside, its down as you can see on your screen almost 3 . This is one of the biggest s p losers today suffering its steepest oneday loss in more than a year. Heres whats going on. Itt research putting out a report today, analyst steve west saying that after two very strong quarters, their data suggests the chains momentum may have slowed this quarter. Remember, starbucks, you know, just recently said they might consider franchising out in europe, so the company is looking for new opportunities. They are moving to get into the tea market, but the Analyst Report today saying you need to watch out for this stock, there might be some pressure there. Well, now that the final details of the volcker rule have emerged and all five be federal regulators have voted to implett it, which firms employees are complaining about smaller bonuses . Charlie gasparino is here with the exclusive detai