For reelection and they face defending obamacare in their campaigns. Tough. The cancer patient who the wall street journal oped piece sparked a firestorm the white house called it absurd. Speaking of absurd the national joke on obamacare has come to this. Hey, do you have that obamacare . Obamacare, whats that . Whats that . Oh, its great. Its great. What is it . I started signing up last thursday and im almost done. With fidelitys guaraned onesecond trade execution, we route your order to up to 75 maet centersrs to look for the best possible price mae even better than you expected. Its all part of our goal to execute your trade inn. Iderrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason rious investors are choosing fidelity. Now get 200 free trades when you open an account. Help the gulf when we made recover and learn the gulf, bp from what happened so we cod be a better, safer. I can tell you safety is at the heart of everything weo. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over a drilling activity twenturseven. And were sharing what weve learned, so we can all oduce energy more safely. Our commitment has never been stronger. Twit pricing at 26 a share. That means big bucks for the founder and ceo before they start trading. Take a look at this, coounder jack dorsey has 23 million a share and that puts it at 610 million. Cofounder evan million has 57 million shares and his stake is worth 1 1 2 billion dollars, 1. 48 and the ceo Dick Costello has 200 million. And well update these live at the stock moves, have a lot of fun and live vicariously through the twitter millionaires and billionaires. Guess what, its not just twitter making headlines. Obamacare disaster continues to roll onment new documents reveal that the website, the Exchange Website was only able to handle 1100 users the day before it launched and it launched anyway. The new numbers from fox news so much more of you keeping your coverage if you like your plan, so much for that. 4. 2 million americans losing their coverage at least their current insurance. More cancellations are expected and remember the wall street journal story about the cancer survivor who lost coverage because of obamacare . She appeared on kelly file last night and here is what she had to say when she was asked about the white house who tried to debunk her story. Thats absurd, and frankly, its condescending because its not true. And you know, i feel like im a loser in this because ive lost my medical insurance and ive lost and potential to lose my doctors, that really, i think the biggest loser here is trust and respect for government, trust and respect for our leaders. Charles speaking of that, democrats are obviously getting worried. 16 senators up for reelection next year met at the white house and it was an unscheduled meeting yesterday that lasted two hours, thats an eternity in washington. Clearly theyre worried about obamacare. Charles straight to the bell and twitter. Theyre next. [ male announcer ] what if Small Company became big biness overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the fute of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. A moment like this, some people wait a lifetime for a moment like this listen it, it hasnt begun trading, but twitter is the ipo of the year and it will be trading here shortly. Were going to be all over it. The opening bell is going to ring shortly. Twitter has the news and the contingent there is actually going to get a chance to ring the opening bell, but ive got to tell you guys, the market is up because of surprising news out of europe. The ecb, European Central bank, they cant go lower, theyre worried about deflation, but the good news for investors and Stuart Varney would like this point, money pumping around the world does not hurt stocks, in fact, the dow belling ringing will start at another alltime high and lets check the big board right now and see what comes out the gate. Up 4 points, that probably will be up 50 very, very shortly, but the bigger news, at least for stock junkies, right . Weve assembled a twitter allstar panel who are going to this is going to be a big opening for these guys. Tons of excitement around the stock and i cant wait to see them ring that bell this morning. Charles you love the company as a technology guy. You just love the company and the bells and whistles and the potential of it. Is there any chance that the stock could be at such a meteoric rise even youll be and i think today is a big indicator, obviously the stock has grown in valuation over the past couple weeks, now, youre seeing the stock open at 26 or being priced at 26 last night. So, some people are a little bit freaked out about that, but at the same time, i look at compareables like yelp. Yelp was not profitable when they opened the ipo. The people behind the company has seen a nice rise and i think that twitter has a hugement an of potential ahead. And theyve staated to monetize the platform. Theyll do over a billion next year and im incredibly bullish. Charles on the screen youre looking at the barclays pit where twitter is going to be opening. And not everybody is bullish, in fact, keith, youre a bear on twitter, right . Yeah, you know, you keep using the word potential. This remembers me party like its 1999. And the revenues are going in the wrong direction, user base is small. You have no idea how they are he a going to make a profit. Potential is not good enough for me as an investor, i want real profits and investors to know what theyre going to do. Maybe its going to run up, but risk tolerance, uhuh. Charles arent you sort of, arent you grappling here, keith . Your job is to help people make money in the stock market. Maybe the logical side says you want more, but isnt there a part that say it might be a gigantic stock gain to the upside . Im so negative on it and thats the first law of investing. Wait, wait, keith, how can you talk about this stock . How often are you actually tweeting . Do you actually even use twitter . You know, its like somebody. No. Saying that starbucks is overpriced because they dont drink starbucks and rather buy mcdonalds coffee. Youve got to use the product. Charles let keith come in and i want emack in on this. Youre looking at the numbers and saying it doesnt add up . Look if you talk potential its one thing. If you talk about classic business acumen which is the way that Value Investing is done and longterm value perspective is what you need her. If you look at the longterm trend, theres no profits, no way to make money, the user base is too small to install the advertisers. Stuart hold on, ive got knower skeptic on the set. Youre skeptical as well . Yes, this stock will pop in a moment of euphoria and be in the air pocket of euphoria and here is the deal can and the problem im calling it Attention Span. They can sell in a limited frame in 140 character tweets, so as not to allow their users, do it in a short Attention Span of users versus what facebook and google command out in the marketplace. Its really tough to be. And also the plan is to tweet ads to their users. Big brands tell you you do not want to annoy your consumers. Theres a fine line there. A fifth of the users versus facebook and 50 higher valuation versus hold on a second, ted, a lot of experts want to weigh in on this. Ive got to get right down to nicole because shes at the heart of the action. Nicole, its going to be a huge, busy morning for you. Nicole its a busy morning and talking to traders all morning. Moments ago, right now around were hearing 35. Of course its a 26 ipo and youre looking around 35. The obvious is its looking higher. Charles youre saying out of the gate the first pick maybe 30, 35 . I would say and you know, charles, as well as i do these numbers change constantly as the orders start to come in over the next hour or so. However, that being said, the most obvious is look, this 26 ipo must have opinion been priced right. 30 to 35, might go higher than that. Right now were hearing 35. Charles ive got to go back to ted. Ted, you had problems with some of the things that keith brought up . The hash tag should be marketing powerhouse. What they have is gold. No way. Every single advertiser is clamoring over this thing. If you watch this show every single one is clamoring . Every single one, really . They are. All the big advertisers are included hash tags. Watch the super bowl, right, in january. Everybodys going to be saying, follow us on twitter, use this hashtag. Were talking selling ads directly to the twitter users, thats the debate. Its also about engagement, what twitter has, they have control over a platform. Theyre not limited to 140 characters. They have the ability to do whatever they want. This stock price with the fundamentals and any unconstructed one will tell you weve got to bring in joling kent. What are people saying on twitter right now . The hashtag is about ring, and tweeting about the opening bell. Interestingly, there was no executive on top of the podium there ringing the bell at nyse this morning. Taking a look at who exactly it was, sir patrick stewart, the actor, vivian hart, an activist, a young kid, wearing a tutu and shes an activist against child slavery and included a member of the boston police. And there are questions how high will it go and how much people should buy it on its interesting you brought that up. Its a fantastic point. Do you think that twitter is saying to the world, listen, maybe somehow answering questions now theyre going to make money and the impact they have on our daytoday lives by having such an eclectic mixup there . Everyone can use twitter please sign up, they want people engaged. A couple of days ago they launched a twitter explainer, a discover page showing what a tweet is, what it does, how it looks, what does it do . How can you follow your friends or famous people. A lot of different dynamics in a last minute pitch by the public, we can launch money and do well. I spoke to the author of twitter, spent hundreds of thousands with the executives and they are looking for strong partnerships in old media and new media could get themselves sustainable and get that revenue up. Charles and twitter is not the only thing going on today. Whole foods made 3 billion and wall street is not happy. The grocery chain lowered its Sales Forecast and its stock is taking a pretty big hit. And walt disney shares are up right now and costco, customers there spent more money than expected in october and those shares are trading higher. Lets take a look at amc networks, because we talk about media all the time. And one of the big media stories this year is breaking bad and that finale was a gigantic boost for the profits. The sales are up. And the stocks are down because expectations were that enormous and maybe we should i dont know if we have it on death watch, but people may, and might be premature. J. C. Penney reported the sales gains in two years, lets go to nicole. Nicole right now its up about 6 , good news for j. C. Penney, when you start to see the gains in the latest months of sale. And its something. And as you noted the first gain in two years, year to date its down over 60 . On twitter one trader walked by and look at 30, 35 still . He said, yeah, around there, 35 is still where its sitting right now bye i said what do you think . I said higher . He said, oh, yeah, probably higher than 35. He came out of the crowd. Yyure seeing the demand for twitter not likely to open for at least a half hour minimum. Charles you can feel it in the air. Its palpable. And the big board. I thought the dow would pen at high as 50, but its at 30, 35 area. Which is interesting, a lot of excitement about the ecb. Our gdp number came in much higher than expected so that takes away the idea that maybe our Federal Reserve can be accommodative indefinitely. Weve got two things going on. Ecb changing the game, but our gdp number better than expected. So much for that Government Shutdown wrecking the economy. The twitter ipo hype machine is on full blast next. Much more on twitter and with our allstar team and well bring in guys who help a lot of companies, a lot of Tech Companies and the public and want to get their opinion on whats going on here. Stand by, iis going to be a big morning. Come fly with me, lets float down to the roof announcer where can an investor be a name and noa number . Scotade. Ron im never alone with scottrade. I can always call stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows actly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. But with less energy, moodiness, and a low sex drivily first. I saw my doctor. A blood test showed it was low testosrone, not age. Talked about axiron. The only underarm low t treatment that can restore t levels to al in about 2 weeks in most men. 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Giving some traction here and mentioning the gdp number better than expected and the consumer part, the spending part was extraordinarily week and the money printing crowd, the broad market moving higher. Stuart time now for the morning gold report. The gold is down and 1300, the key support number is 1308 right now. Now, you know, lets just look at obamacare. 16 Senate Democrats met with president obama yesterday in whats called a crisis meeting. The democrats are very worried about defending this mess of a law as they run for reelection. You know, emack, i think that the big thing was how tight that virginia race was. It was obvious that obamacare almost killed, took snatched defeat from the jaws of victory and a lot of people are worri worried. People from their home states are seeing policies canceled and the president with Top Democrats there. Big names there, al franklin, rick durbin and Mary Franklin from louisiana and we have Democratic Senators putting out statements, listen, mr. President , youve got to get up to speed on this. The apologies, there are no apologies. Theres no accountability, and youve got to basically listen to the American People and listen to the voters who we face, the wrath of the voters are coming in the mid term. Charles and the gallup approval. And hes giddy. And i know youre involved with 9 ipos and youve got that on your resume, walk us through whats happening because everybody is excited about this. I was involved with Morgan Stanley moving companies through the ipo process. I wasnt an investment banker, but representing the company through the process. Whats happening behind the scenes is this. About 10 of shares went to retail clients. 90 went to institutions. Institutions really drive the ipo market. And that 10 that went to individuals, they are hoping that this stock opens up, a the least 20 above the ipo price, which it looks like its going to. Whats going to happen at that point, the lockup will come off. I said lockup, its not written anywhere, but every advisor is advising their client to stay in that stock until they break out of that 20 range, and they want to go back to twitter and go back to Goldman Sachs if they dont work at goldmannand say look, we held onto a lot of shares, were a good place to come to next time. And youll tell the investor, hey, if you sell this, you wont get any of the next hot ipos and for the most part the investors are going to play the game. What if it opens up 100 higher. Then what . Everyone can sell, its a big party and nobody cares. Brokers are calling up and saying look what i did for you, bring me rest of your money because a lot of brokers are using this to develop new business and theyre making the phone call, would you like shares of twitter, let me put you in for a thousand and they might have gotten 300, what a good broker i am. They got shares and went up, and it could happen the other way, so youve got to be careful. Believe me facebook is ringing behind is on the back of everyones mind. Keith fitzgerald, okay, a lot of people respect you and waach you. The stock opens up is the 35 and end of the day 60. And you get phone calls and email, man, i could have bought it at the first tick, 35. What do you tell people. Charles no, they say they didnt do it because they listened to you and now theyre upset . You know what . So what . If im a luddite, im a luddite. There are certain stocks for individuals listen, in all seriousness, right . Here is the thing, any stock, i dont care what business youre in, depends on your individual risk tolerance and investment objectives. As an investor this thing fits very few peoples actual intellectual investment objectives. Do you want x percent, a dividend . This stock is pie in the sky, based on nothing, but potential. If it goes to 1,000 and im going to turn around to my clients and say now weve got stability and lets get back down to business. Charles okay, now, ted. And what you said. I want to what you first said. Keith mentioned hes a luddite. In the hype days, 1990s we heard a new paradigm and the luddites were right about thh internet boom and burst, and a lot of them havent recovered and keith is making good points there, ted . But you have to look at the internet now versus where it was then. People didnt understand how to monetize the internet, didnt understand how it to get advertisers on board. Twitter knows how to monetize. T