European business. Tire sales dont look like they will pop up anytime soon. Dave sometimes a few big moving stocks can affect the market. These ones were the drag in the dow, not all of the down today, but dupont, boeing, travelers and chevron all pulling down the dow bigtime this week. If it wasnt for them we would have pretty much a better market but these are the big dow losers. Liz what about inflation . The fed set aside from a little inflation uptick for gasoline prices they didnt see it long term many times in but we have a money manager who says dont wait for anybody to call it. Make sure your portfolio is protected. Michael wall, three ways to play information. Dave some say this form will be the worst in a hundred years, who knows, but theres a serious question. Will Hurricane Sandy become the perfect storm . Another storm moving from the west, coming from the north as well. We have details on the megastorms hat and potential billion dollar impact. Liz a mixed day on wall street with the s p 500 landing in the red. The dow and nasdaq were able to climb into the green with the nasdaq rallying back after trading below its 200 Day Moving Average for the first time in five months but despite modest gains with a down week on wall street all ten s p 500 sectors end lower. Materials and Energy Leading the decline but at one point the Dow Jones Industrials were down 63 points. Not as bad as it could have been. Consumer confidence soaring to a five year high in october as Consumer Sentiment index climbed to 82. 6 rising five. 5 points from last month and a surprise to the upside with u. S. Gross domestic product rising 2 accelerating from the second quarter, 1. 3 . Consumer spending which was the biggest impact on gdp is 70 of all spending increase 2 from 1. 5 in the Third Quarter and Government Spending jumping 3. 7 . Dave we have kevin grady in the pits of the cme and peter kenny, limited potential for stocks. Just hold on to this years gains. Mike gibbs on the other hand doesnt see the Downside Risk and he is bullish on stocks. I want to start with kevin. We have this gdp move. It is up a little more than expected but it is a lot of it is Government Spending. As far as business spending and exports they are down. Is that why the market was having trouble finding footing today . I think it is. You have to look at the internals of the report. 2 presented a good feel good number but when you dig into what drove that 2 was Government Spending and consumer spending. With an economy that appears to be flat on its back and cannot gain any momentum to the upside how much longer can consumers spend that way . We are heading 40 fiscal cliff. How much more can the government go, how much more can we spend . That is why you are seeing in the trade today mixed market continuing up and down. Cant find that momentum to break through on the upside to make new highs. Liz we can spin it forward fbn bobs bob and we get the jobs number soon and people will be looking for that final jobs report before the election. How much power does that hold . Holds a lot of power. That is something the market really is going to focus on next week. You need a big upward surprise in jobs next week to really have the market gained momentum and i think make people feel like there is momentum in the economy. Even if the number comes in lackluster ahead of a president ial election that carries a lot of weight on which direction the market will move particularly as we move post president ial election. Dave what is happening with commodities . We have seen gold test the 1700 mark. It out but did not go anywhere today. When you look at commodities, gold in particular it is a two day trade. You mentioned inflation and people are looking at that. We dont see a lot of inflation right now and people looking for the momentum side in the economy and it is not there so you are seeing some pull back in the gold trade. Looks like a more bearish trend on the chart as people are selling into that and so much uncertainty out there right now as we do move through the end of the year. Lets go further than earnings with new executives on the conference calls, a lot of uncertainty and what the Fourth Quarter will be like and what it may be like going into the new year especially with a new administration coming in. Dave a lot of things could happen. We will come back to you when s p futures closed. Liz investors expect stocks to rise in the week ahead . Time for a street fight . Dave night capital managing director peter kenny, raymond james, cote head of equity trading, michael gibbs. You are the bull but you have concerns about earnings particularly with regard to revenue. Revenue does seem to be slowing. That is a concern. Revenue is 42 . Longterm average is 62 . We have challenges with earnings and revenue and uncertainty over the fiscal cliff, the election, etc. But the market price now in the situation where we have limited downside, what are we going to put on the market . 1313 . That is where we bottom in 2010 when we thought europe might collapse. You have a market that is still in the mid 1300s which is not too far from here on the downside and if we get some resolution on the fiscal cliff which i think we will. The fiscal clinic next year the number and drag with 2 gdp growth. A multiple on the upside and menacing the above 1500 so the risk reward looks compelling to me. Liz michael just outlined some positive or at least dont be a fraidycat scenario. What do you see that keeps you so concerned keeping in mind the past nine month anybody who was worried lost out on this rally. The index put in a very good year. The s p 500, nasdaq, dow, a positive, 14 , 12 , great performance year to date. The last few weeks gave us a bit of a pull back and that came from what should fundamentally drive the market and that is earning less. More specifically revenues. Revenues in the broader narrative very much of a disappointment. You point out good year earlier. Great example of a multinational that is speaking as a result of the e. U. The e. U. Is a head wind, very much real, it hasnt gone away. It could get worse. Fiscal cliff, we see clarity and resolve liz what do you say about expedia which is solely based on Discretionary Income and how much they spend on travel when going to the island or wherever they choose to go . They did beautifully. That speaks to Consumer Confidence and you always have pockets of strength regardless how weak the overall market is. I am not saying we are falling off a cliff. I am saying guidance forward for earnings is anemic. Theres a lot in a way of head wind and i am not sure theres a lot of room on the upside. Dave a bullish visible bearish and the bear that is a little bullish. Lets focus on a sector taking a lot of focus which is technology. We have a major shift going on, what apple is trying to do, some people say for the first time they are following rather than leading technology in their habits. Other people look at what microsoft, Walt Mossburg had this terrific review of surface, their new tablet in which he says it is a real game changer so you have microsoft, the Software Company getting in successfully to hardware. We are in one of these major shift happening in technology. How is it going to shake out . It is a big deal. Look what technology is doing and driving and that continues to play out. You have the shift that is going on. It bodes well for the Technology Space especially companies that are supplying Bigger Companies producing products and if you look at the tech space in general you have record cash on the Balance Sheet generating a ton of cash flow and willing to share that in the form of stock buybacks and dividend increases so that puts that sector in a very opportunistic place. [talking over each other] dave you dont like to be specific but if i had cash i wonder how this major shift in technology will play out. Where would i put my money . More on companies that focus hardware or the ones that focus on software . Software is better. You have got to be a little more specific to the areas of a market that are involved. Companies that are supplying the equipment that goes into the tablets and smart phone, if you look at an investor does is look at the Earnings Report you can see companies that surprised or gave better guidance than their peers or the ones focused on that area and that is where we would be looking. Liz the names you really like right now . I love the Consumer Staples because the dividend, the predictability of performance because the demographic trends the sector can build on. I love large cap for well over a yearandahalf. To your question earlier about hardware, software, look for a company that can do both, migrating culture toward strength and which has a dominant position in one of the other dave you are talking microsoft. Neither of you want to focus on particular stocks but that is what microsoft is doing. Interesting story. Dave a lot of people doing Different Things and some are succeeding and some are not. Michael gibbs, good to see you, coming up next we are tracking hurricanes sandy as it makes its way up the east coast. Where it could, we emphasize could, team up with another storm coming from the west with devastating results in heavily populated northeast. Live report from the Weather Center next. Liz ready to play the inflation game . We are. Michael walsh, ceo of wall financial will share his winning plays he believe can be you down a road to profitability. Dave better than blackjack a. Overstock ending the week with a huge move to the upside. Look at the pop in the last two days. 30 coming. After burns joining us exclusively to talk about rising revenue, attracting consumers in a crowded field, what is going to happen after the election . A slew of stuff to talk about with patrick coming up. [ male announcer ] this is steve. He loves risk. But whether hes climbing everest, scuba diving the Great Barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesnt nickel and dime him with hidden fees. So he can worry about other things, like what the market is doing and being ready, no matter what happens, which isnt rocket science. Its just common sense, from td ameritrade. Monarch of marketing analysis. With the ability to improve roi through seo all by cob. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Im going big. [ male announcer ] good choice business pro. Good choice. Go national. Go like a pro. Dave s p futures closing right now. Lets go to kevin in the pits of the cme. How is it shaping up for monday morning . We will end where we finished, and though mixed on the day as we head into the weekend and come into monday morning we will look what happened with the gdp data today and looking at the reports next week, manufacturing data and unemployment report at the end of the week. Dave have a good weekend. Liz people are prepping for Hurricane Sandy which is being called a 50 year storm. They might be disappointed to learn they might not be able to stream movies. Lets go back to Nicole Petallides on the floor of the stock exchange. Nicole making a little money, it is pouring and you want to be home and watch your netflix, turns out you may or may not be able to do so because we talk about Hurricane Sandys have going from florida to maine but in that same path is a key data center, Critical Data center in north virginia. In the past has been hit by lightning and was offline for a while and powers and move those websites and also included in that would be netflix. We are not saying you wont get your netflix but it was coming out that that is something among the websites and services and things we will be watching. Netflix had a great day of 10 , but that will be one of many things we are watching next week. Dave one thing everyone will be watching is the storm. The east coast is keeping a watchful eye on the potential devastating superform of Hurricane Sandy collided with an incoming snow storm that is coming from the west. Could be a monster. Liz a number of forecasters say sandy could make a beeline for the northeastern u. S. Early next week. Lets go to rick for the latest details. Where is it now and what are the chances it smacks into new york city . It wont matter if you can get netflix because people wont have power. It really doesnt matter and a lot of people might that have power for a week or two. With that kind of power outage, in to many millions, takes a long time to get back out there for everybody. Here you go. The storm is across parts of the bahamas and it doesnt matter and we have rain across florida and the carolinas and rain at times, wind still 40 to 50 miles an hour at times. Once we get to the northeast we get a significant problem on our hands. The european model we have been watching closely and it is shifting farther north, the center of the storm came on shore around Central Jersey at 6 00 tuesday, that side of the storm is towards new york harbor. A lot of water toward Long Island Sound and water piling into new york harbor, major problems for new york city. Long island, major problems, north jersey major problems but the way the topography of the coast line is, all the water comes in and cant get out and that is one of the problems. The other model we like has been trending farther north and it is around their wards road island. That puts more energy plus coastal areas of maine. It wont necessarily be one of those. Could be somewhere in the middle or that general area. It doesnt really matter because by the form by the time the storm gets to the northeast is not a potential hurricane with the strongest wind at the center of the storm. Is a difference to amend wind field will be huge. Many people will be dealing with a lot of wind and a lot of Power Outages. One thing that will definitely happen wherever you have the storm to the east or to the right there will be a lot of storm surge, significant storm surge and waves that will cause significant damage to the beaches of jersey, long island, connecticut, cape cod and the islands. A two day event with possibly Hurricane Force winds, Long Duration rain and wind and Power Outages are going to be a significant problem for people not just on the coast but well inland as well. Dave next week we have a full moon that will drive up the tied even more. And you get this on top of it, that adds insult to injury. Dave good to see you. Thank you, appreciate it. Playing the inflation game to your dad did. 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Common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. See your doctor, and for a 30day free trial, go to axiron. Com. Liz the fed plans to keep Interest Rates low through mid 2015 and the fed isnt worried about inflation over the long run. A little worry about shortterm gasoline prices but longterm not really but we have a money manager who says the risk of inflation is, quote, huge. He has three ways you can play it. Michael wall is the ceo who joins us in a fox business exclusive. We will play the inflation card game but before we do let me play devils advocate. Warren buffett yearandahalf ago wrote a column saying inflation has to be coming because with all the stimulus and money put into the system at some point it will happen. He just didnt know when. We havent seen it meaningfully happen and wages have kept pace with everything going on. What back on the calendar are we talking about . Good to see you. I dont know there is of particular point you can play for but it is definitely going to happen. What is inflation . The cost of things getting greater. As with look over time you mentioned gas and oil, we definitely have seen that happen and we will see that as you mentioned about printing money. There has never been a time we havent printed money in the past where inflation didnt follow so preparing for earlier is a good bet. Liz lets talk about how to play this. There are three cards that give people a winning hand. The first is three specific ways to invest to prepare for what you believe is inflation coming. I like the actual idea of physical metal, gold, silver. Everybody needs medical but silver, gold, medical metals, silver, like anything else anytime more dollars are printed a fear goes up and costs and value of the dollar goes down. Gold and silver have been around for ages and they will always be around. I like the idea that physical metal i like buying it in claims. The reason i like that is play a real situation where america doesnt have the great future we think, it will. At least those coins can be used in addition. They have value that can be used as legal tender. Liz now you