Meaningfully freezing weather around the nation. Once that happens watch them move to the upside. Dave i love natural gas because we have so much of it, the move lower sending natural gas lowe going down. Liz we have been hearing a lot from companies announcing special dividends pushing it up before the end of the year when tax breaks may change. Stifle nicklaus saying the new skin and monster beverage are the most likely companies in the coverage to announce special dividend is due to the tax uncertainty that would bring up to 180 companies that announced this again. They may change their dividends before the end of the year. Dave think of the billions of dollars that will be in the economy just when people will be buying those blue boxes. This could be a nice stimulus for the economy. John boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. What compromises need to be made . Sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. Liz did you see the cover of the wall street journal . Fed stimulus like gillian 2013. We talked about this the second broke yesterday halfway through the 3 00 p. M. Show. The man who wrote the article, wall street journals chief economic correspondent and chief head head to lend us live. Dave before that is of we will tell you what drove the market with the data download. Stocks extending yesterdays gains finishing a volatile session higher with the dow, s p and nasdaq trading above the 200 Day Moving Average for the first time in three weeks. Telecom and health care were the Top Performing sectors. Fewer americans filing firsttime applications for Unemployment Benefits as Hurricane Sandy had the labor market and continues to subside a bit. Weekly jobless claims fell by 20,000, seasonally adjusted 393,000. Prior weeks total was revised to 416,000. The hurricane play a role from 410,000. U. S. Gdp grew at a revised 2. 7 in the Third Quarter above the initial estimate of 2 reported last month. The Commerce Department attributes last quarters increase to gains in private inventory investment and federal Government Spending so got to take that in mind and a decline in imports didnt help that number. Liz a crazy day in the pits of the cme. We have Tim Mulholland standing by, tom is a 1act telling why it is time to shift away from release save names and diving in, and the dour is headed higher. He calls a day of 14,000, we will tell when he expects it to hit but lets start with him at the cme. You have john boehner, speaker of the house coming out at 11 00 eastern saying no substantive changes or developments after meeting with the treasury secretary and many had harry reid saying it is going to be done by the end of the yearend market, with a place and some gains pretty decent. It is to be expected, they still have time and theres always the Eleventh Hour but at the end of the day rather than trading on those headlines at the end of the day it is pretty clear the Election Results which serve as a referendum from the august 11th fiasco that we had, the public wants the reasonable solution which means president obama has to move to the middle and let republicans save a little face and at the end of the day come up with some agreement at a resembles simpsonbowles. Stuart to the president just won and election by staying on the left. The argument is he is concerned with his legacy. If you wants to push that line, this term is not going to be one you want to remember in a positive way. He is not running for reelection. What is good for the country, to the middle, and liz if the market is moving on congressional ineptitude as my guest in the last hour called it, why not be an investor who looks at real fundamentals at this point, buying good quality stocks that dropped because of the gyration. That is what you are seeing. Earlier this week we found important s p 500 at the 200 Day Moving Average at 1382 or 83 area, you see that debt buying, looks like what we are going to see is Economic Growth continued stimulus and interestrate repression which means one of the only game in town for investors is the equity market and that is driving things now. Liz we saw the ten year yields. Good to see portfolio manager. Good to have you. Theres always talk about the election and the winner of obama but the most important market factor in november wasnt necessarily the win of obama over romney but it assures that ben bernanke will be here for a while. All this talk about the fiscal cliff is peanuts compared to the importance of what is happening in Monetary Policy. That is correct and the fiscal stimulus not so important. Ben bernankeemaintaining quantitative easing for prolonged period of time gives investors confidence as opposed to taking the punch bowl away with quantitative easing of the mitt romney as president so when the fed says they will keep Interest Rates relatively low we are absolutely low and some time in 2013 you have to believe that. Liz the journal says qe 4 is coming. He is coming up in a minute because he got a big scoop yesterday on q e 4. Great to have you on the program. The dow 14,000, you are obviously the bull, what would get us there and in what period of time . Nice to be on with you. I think when we look at the technicals here we are seeing a strong landscape of many individual stocks representing broad diverse leadership. This would not say if the expectations were for a fault of of the fiscal cliff. The market has been resilient in the face of a lot of Headline News in recent years and i think as tom mentioned it is important we have transparency with the fed and the insurance Interest Rates are going to remain low. That is an underpinning and why these corrections are held short by the dow, held nicely at a 12,500 area recently. Earnings are also very important ann earnings are continuing to come better than expected. It is not a reach to expect the dow to move up to the 14,000 level over the next month or two, possibly by this year but more likely in the First Quarter of 2013. The structure of stocks is very good. The policeing of access is very good. The balance of leadership is extraordinary unlike anything i have seen in the market in the last 30 years. Dave it is extraordinary on all sectors. I disagree with both of you about the fiscal cliff because there are real concerns whether the president wants to resolve it or if it will be resolved but the point you make is a good one, we are poised for greatness in equities aad i think of this dividend situation, all these companies, costco, disney, 1 pointed billion dollars, billions of dollars as we mentioned sitting on the sidelines for years literally will be walking into the economy just in time for christmas and holidays. Just in time for that but also another reason we should expect a fairly strong First Quarter because what happened with sandy will put downward pressure on the Fourth Quarter but we will have the stimulus from the dividends that will help to push the economy higher and we will have a rebuild program. We have to be fairly optimistic about what the landscape looks like as we turn to the new year. Liz the sectors you like our financial, industrial and materials. We like growth cyclicals. One thing that is happening with this shift in the taxation dividends should for the will force investors out of the safety of utilities and telecoms and blue chip names. It will force people into those companies that either have very low dividends or no dividends. Dave we mentioned you see diversity like you have never seen before. The market up some good bets and your picks reflect that. Going for the silver is a save play but also health care and Roper International industrial product stocks. You span waterfront. We do. These represent different years. A company like roker is interesting because it is involved in fluid control but not just one particular sector or one little niche. They are in water treatment, agriculture, medical, energy. The stock has been trending toward a new 52 week high. It looks very good for the long term and the shortterm as well. Baxter i would also say is very attractive here as is Cf Industries in the agriculture area. Dave we didnt get a chance to talk about japan but you are bullish on the fact that if he is elected prisoner and follows through with a lot of promises which could be bad for the japanese economy all that capital is coming here. We could have a lot of capital to play with. We could see a very significant turnaround in the yen. Something we saw in the 199598 period when the yen declined 35 to 45 and during that period the s p was up 140 . I am not saying there is a link but just because of the yen is weakening doesnt mean things will be negative. Liz have a Great Holiday if we dont see you, thank you so much. You can call him traveling kim. Treasury secretary tim geithner meeting with Party Leaders in congress to discuss the nations fiscal crisis. Was any progress made . Behindthescenes of what is happening that were not hearing about. We are live on capitol hill. Dave meeting with the president is great but what about reaction from wall street Ceos Rabin Todd . Sheila bair says it is time for wall street to ante up when it comes to helping fix the Fiscal Health ledge she have ideas how to do it but would it hurt investment . That is what we will ask coming up. Liz is quantitative easing part 4 on the way . Very likely to be announced dec. 12. It come. He joins us to make the case. Stay tuned. [ 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. Which isnt rocket science. You know it can be hard to lbreathe, and how that feels. E, copd includes chronic bronchitis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiva is the only oncedaily inled copd maintenance trtment that does both. Spiriva handihaler tiotropium bromidinhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you ve kidney problems, glaucoma, trouble urinating, or an enlarged prostate. The may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking iriva and seek immediate medical help discif your breathing you suddly worsens,drops. Your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd spiriva helps me breathe better. blowing sou ask your doctor about spiriva. Dave shares retailer coles sliding to the. Lets go to Nicole Petallides at the stock exchange. Why did it buck the trend . Nicole they came out with samestore sales and they were a big disappointment. Analysts expect over 1 and they showed their numbers of samestore sales in the month of november came in and dropped 5. 6 . Talk about a tough economy, they also noted Hurricane Sandy, they felt good about the thanksgiving weekend. That was a little encouraging but overall they are noting Hurricane Sandy as one of the reason they did not meet analysts expectations and you saw the stock reflected down 12 . Liz retailers did so beautifully. Treasury secretary tim geithner was on a mission today. The cameras watching him arrive at one location and leaving another meeting with all four Party Leaders in congress hoping to make some type of head way on the fiscal cliff negotiations. Dave peter barnes has been on Tim Geithners trail all day long and joins us from capitol hill. We had little snippets of moon news that move to the markets. Peter treasury secretary left capitol hill here with republicans angry. We got a statement out of senator mitch mcconnell, Senate Republican leader after his meeting with tim geithner and he said, quote, they took a step backwards. According to a Senate LeadershipRepublican Leadership source secretary tim geithner came to the meeting basically read proposing the president s demand for 1. 6 trillion in new tax revenue from wealthier americans. John boehner also met with secretary and 8 this morning and he was not happy either. Take a listen. Despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. No substantive progress has been made in the talks between the white house and the house over the last two months. Is a tactic. It is a tactic. But the facts are these. The American People expect and deserve us to honor our responsibility for them, to manage this issue in a way that does not harm our Economic Growth. Peter House Minority leader nancy pelosi finished her meeting with secretary tim geithner and she is expecttd to appear at a press conference to debrief reporters momentarily. Liz we heard elvis had left the building. Tim geithner migrating to the next meeting. Any word on progress the two sides are making . Peter you are hearing what i just reported from senate falconsrepublicans but talked one democrat who said he felt a phone call last night between john boehner and president obama was progress. He was feeling more optimistic and he believes the speaker and the president are trading proposals right now. Liz ok, thank you very much. Dave the boosting gdp may be shortlived. We have someone who says call it for a slowdown in the u. S. And warning of a worldwide recession is sauce is the moderate thing to do. You dont want to miss harry dent coming. Liz drug refills may be costing you even more money this year filling brandname prescription. You know cheaper alternatives, they may be getting even more affordable. You got to hear this story. We take any kind of prescription drugs. Details straight ahead in todays speed read. B you know how panful heartburn can be. For fast, long lasting relief, use doctor recoended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relievi the pain quickly. Try fast, long lasting gaviscon®. Maybe you want to incorporate a business. Ortect your family with a will or living trust. And youd like the help of an attorney. At legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. Get started at legalzoom. Com today. And now youre protected. Liz look at five stores in one minute. Union strikes in los angeles and long beach terminals shutting down most of the nations largest port. Workers claim carol operators are outsourcing their jobs overseas, shippers are denying that claim. Price gap between brandname and generic drugs is widening. A new report says the price of brand name drugs jumped 13 ove the last year and generics plunged approximately 22 . The cheaper generics, student loan delinquencies rising. Survey by the Federal Reserve bank of new york shows 11 of Student Loans are 90 days or more past due in the Third Quarter up from 8. 9 in the previous quarter. There are two winners of last nights record 570,900,000 power ball drawing. One was sold in the kansas city region of missouri and the other in arizona but the identity of the winners is unknown. Syriac is blocking Internet Access nationwide after confirming the unprecedented blackout which comes as fighting in the countrys capital continues. That is todays speed read. Dave just in time. The Third Quarter u. S. Gdp is being revised upward from 2 to send to 2. 7 but one Economist Says enjoy it while you can believe in this low rate is the best we will see for quite a while. Liz harry dent is the ceo of age as a dent. How to i make money off of that prediction . That belief . The markets look like it is rallying over a likely resolution of the fiscal cliff. There probably will be in the next month or so. We have been surging from all the stimulus that have a leading indicator from Consumer Metrics that looks at real time spending on the internet so you are catching retail at the very beginning before any slowdown hits the rest of the business chain and it says to expect a slowdown in Consumer Spending in the Fourth Quarter and First Quarter and the markets are not expecting this. Most investors arent expecting it. Ride this rally, looking at stocks going up 10 but especially if this happens sooner rather than later i would be looking to get out of stocks. Dave another factor might decrease spending, all the dividend checks coming in because everyone is from boating dividend expecting taxes to go up. That means billions of dollars will be in he economy at use at just the right time when people are shopping. Will that have a positive effect on retail . Maybe you should wait until after the holiday season. We think stocks will head up for a number of reasons and that is another good one. The First Quarter is one we ha