Obamacare needs young people in order for it to work but they have to choose between hundreds, even thousands of dollars for coverage or a 95 fine. What are we choosing . Roll it. Honestly, because i dont know how much Health Insurance is, but i know its a lot more than that. Charles and news anchor shelby holiday asked a bunch of people and shels what you found out about this . A lot of young people are worried about the cost. And the bottom line is the government needs 2. 7 million young adults to enroll in health care for the math to shake out and for the system to work. The problem is cost has always been a big, big issue for young people and premiums have risen for young people with the Affordable Care act. So, i think one issue is theres a little bit of a health care literacy, young people dont know how health care works, but the other issue is cost, when you hear you can pay a 95 fine or hundreds of dollars a month for Health Insurance they want too push the easy button and pay the 95 fine. Charles sure, not just young obviously as you get older though the difference of course being that the people you interviewed for the most part probably are the young and invincible. They dont think theyre going to get sick anyway, right . Some are worried and its important to remember that young people do value insurance and overwhelming majority of young people say it is important to have, but when they look at the costs and also when you look at the harvard poll that came out earlier this month, a lot of young people dont think the Affordable Care act will bring better care, they actually think care will get worse and they think that costs will go up. Charles yeah is that . They dont necessarily why would they do that . What makes them think with this big act that was heralded in the mediaaabout levels the Playing Field and all get great health care, why are young people who enthusiastically backed president obama so skeptical about that . If you look the a the numbers, premiums have gone up for young people. A lot of young people qualify for subsidies, but there was a recent survey, a 25yearold male who doesnt smoke would have paid 92 for Health Insurance before the Affordable Care act. And now a bronze plan, over 200 in california and catastrophic plan about 180, 190. So theyve seen costs already go up. Theyre seeing the numbers. Its not just a belief. Charles hold it right there, shelby, liz, you had an interesting conversation with an ohio resident yesterday. Yeah, i did and this person attempted to get Health Insurance through the Health Exchange in ohio and here is the conversation. Here is how it played out for this lady. She called the exchange, talked to Customer Service and asked can you help me set this up to pay for insurance, wanted to work with the people there in the exchange to pay for it out of her bank account or any other way that you can pay for it. No, that was the answer, no, thats another department who will handle that. So then the lady asks, who should i call, how do i get the number, google it. That was the answer. Google it. And people are already feeling theyre stranded in traffic. Right . So they were further told to google it. How does that person get paid with that answer . Navigator. And shelby, back to you, what im hearing this argument that has been argued by many people, the other side is saying, well, young people will see this as a patriotic duty that somehow patriotic pride will make them take the step and do the quote, unquote right thing. Is that possible . You know, i have talked to i have talked to young people who say this is okay with me. If i pay into the system, i think, you know, Everyone Needs to participate for it to work, i think their big concern is will the system be there for me down the road . And there is a lot of skepticism just whether or not they will reap the benefits of a system theyre going to be paying into now. Ive heard a lot of ive got to tell you, i cant blame them for being skeptical. We appreciate your time, great stuff and well talk to you soon. Thanks, charles. Charles the market yesterday closing up triple digits. Another rally today . We are going to find out. The opening bell coming up next. This is the quicksilver cash back card from capital one. Its not the fumbling around with rotating categories card. Its not the etting blindsided by limits card. Its the nogameplaying, noearninglimithaving, debombthrowing, givemetheballandilltake ittothehouse, cash back card. This is the quicksilver cash card from capital one. Unlimited 1. 5 cash back on every purchase, everywhere, every single day. So let me ask you. Ats in your wallet . Hmm. Mmhmm. [ engine rev] [ male announcer ] oh what fun it is to ride. Gethe mercedesbenz on your wish list at the winter event going on now but hurry, the offers end december 31s [ santa ] ho, ho, ho [ male announcer ] lease the 2014 ml350 for 599 a month at your local mercedesbendealer. [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. More than ever before, americas electricity is generated by it. Exnmobil uses advanced visualization and Drilling Technologies to produce natural gas. Powering our lives. While reducing emissions by upto 60 . Energy lives here were a little over a minute from the opening bell. Larry, we asked Scott Shellady what he thought would derail this rally. I want to pose the same question to you. Were on automatic pilot, but what could hurt it . Well, i think its got to be higher Interest Rates. How high do the Interest Rates have to get. 10year yield at 3 , a tick or so. And everybody was looking at the 3 mark to maybe derail the market. The market is not derailed. Were opening on the s p 500 on the high. How high do the Interest Rates have to be. Historically the Interest Rates arent very high, but relatively speaking the rally. Like yin and yang. What is going to make everybody tell, 3 1 2 , 4 . Able its not 3. Charles obviously its not 3. If you figure it out let me know so i can get out the day before. Have a great weekend. Youve heard the opening bell and its a nice open. The dow is at 16,500 in the blink of an eye. Amazing up 32 points already at the open. Now to the market, we know that twitter has been a huge winner this month and a downgrade. Lets take a look at the shares. Twitter shares are down 4. 6 and finally losing momentum. This is a stock, charles, up 22 coming into today. Nearly trippling since the ipo in early november. Get to underperform at macquarie and and the am analysts say its kind of a head scratchers, this has been a high flying stock, but were not really sure why. And quickly, charles, if you look at the volume yesterday for twitter shares here, about 83 million changed hands and thats of the total and complete volume here at the new york stock exchange. Before i let you go, on the screen, we have the mcquery cut from underperform to neutral. This is a guy who missed the rally in the first place. The sour grapes down grades get to me. Probably the same price target. 46, i think its 46. 26, there you go. 46, yeah. Okay, lets stay on switter and bring in market watcher John Layfield in bermuda. The question is why, why did twit are catch fire like that . I think the only place to make money right now is in the stock market because of rates, because of the tapering policy, and the hottest place in the stock market is technology and twitter is the hottest stock, thats the only thing i can john, the question is why . Is it because people have been on the sidelines for years are getting back in and want a quick move and twitter is a name they recognize, after all, theyve got a twitter account . Yes and twitter is going great things. Its a Great Company what theyre doing with television and live media is phenomenal and its groundbreaking, but i dont think that justifies a 40 billion valuation. You have to take the valuation away from the company, from the company itself. Its a Great Company, but a 40 billion dollars valuation . Remember, theyve only had 500 million in revenue and trading at 80 times revenue right now, compare that to say a time warner which is 38 billion dollars, on 22 billion in revenue. I just dont think the valuation makes sense. Time warner is lets talk about the broader market. An article in the wall street journal that says ma and pa investors are missing out and afraid to jump in. Do you agree . Look, this market has been on a tear for the last three years and a lot has to do with the Interest Rate policy. What larry mentioned earlier, thats one of the biggest road blocks out there, if Interest Rates go up or a systemic shock, say a war in the middle east that drives oil prices higher. Barring that, youve got a market on steroids right now that looks to rise in the future. Charles you know, one thing ive said the last three or four years, this has, a, been the most stealth and hated rally ive seen. Professionals have hated it, casual observers have hated it. Water cooler talk, dow 155, 17,000, is that what ma and pa get in there and history repeats itself and they get burned . Youre right the most hated rally. Larry summer pretty much needs a for sale sign on his chest, anybodys dog will hunt. And asked how much wealth he created for the super rich. He said, no, no, were favoring the middle class. Thats wrong and why its hated. The policies favored the rich and super rich and say the average mom and pop are not sharing with them. Mom and pop are going to get in now and thats a worrisome sign. Charles it breaks my heart when the average person is not in the market when its down and wait to get in until the top. Great talking to you, charles. Charles delta Computer Systems giving travelers discount from boston to hawaii. This is a good deal if youre obviously to be part of deltas mistake. So its down 3 4 of 1 now, although the dow transport is at a new record high, charles. Here is the thing, on delta, you could have gone from los angeles and someone left off a zero. First class from l. A. To hawaii, 200. Right now thats about 3500. This is a government wear mistake and a lot of customers got a pretty sweet deal. Charles before i let you go, im starting to think theyre doing this out of purpose out of left field we see if theyve made a mistake and go and buy a flight anyway, thats me, the conspiracy theoryist. The airline made a mistake, give them the ticket for 40 or oh, you have to pay the price, r. Charles better than target this week. Are regular people ready to buy a home or continue to rent . Kendra joins us know you in studio, great to have you in the studio. Great to be here. Youre one of the best when it comes to this and called the housing market. And in some ways mirrors the conversation i had with john. A lot of people in the metropolitan areas, its cheaper to own than rent and yet, people continue to rent. Is that going to change . Were seeing the trends where its changing. If you look at the ratio of Home Ownership to those who rent, at the end of 2013, 65 of people now own a home and only 35 of people rent. And thats not that fash off the peeks in 2002, or 70 to 30. When i look at the home data and look at first time home buyers, and its down from a year ago and feels like wall streets buying the houses, chinese investors are buying the houses, americans, what are they afraid of . Is this an indictment against the overall economy . Something else Holding People back . Well, when it comes to first time home buyers, i think there has just been a lot of skepticism because the housing market, when it crashed, it was ugly. It was bad and people dont want to put themselves in that position and then you have 17 Million People who are either underwater still. Charles still . And 17 million still . 10 million underwater and 7 million who cannot refinance because they have less than 20 left there. Whats your overa you will take on the housing market. Do you think its hitting solid ground now . Yeah. Are we getting rid of the shadow inventory, the foreclosed homes, is that going away . Let me address your second question first, foreclosure filings, we expect to see them back to a more normal pace by 2015. So, thats great news. What thats done though, its shrunk the inventory and caused a buyer panic. Overseas buyers and investors snapping up the lower hanging fruit and that got a lot of the retail buyers back in the market and started the bidding wars and pushing the home values. Charles one thing i find interesting though, and i think the prices have come back too fast. Could i be wrong there that a lot of fence sitters looking for a bottom like people want to do no matter what the investment, saw them bounce back so quickly and feel like i missed it and maybe prices need to pull back a little bit . Yes, and they will. The recovery happened so much faster than expected this year. 12 1 2 gain in home values and thats just on a national average. You look at vegas, california, 20 to 30 increases in value. 2014 were expected to see much more normal inventory levels, right around six month supply, which is healthy. And were supposed to see between a 3 and 5 increase in values which is pretty much, you know, on course. And the other part of the argument, banks arent lending money. Is that still the case . When i look at the fed survey, bankers are saying theres no demand and someone is not telling the truth. Its difficult to get a loan, easier than a year and a half ago. I think that those who can afford to buy are. 75 Million People in america had their homes go up in value this year and 5 Million People got out of an underwater situation. Thats where and thats the silver lining. Before i let you go. One final quick question. Are you buying houses the way that most women buy shoes . You remember, you said that like eight years ago. Thats a great line. Yes, although im wearing a pretty good pair of shoes. Charles thanks a lot. Appreciate it. Lets get back to the market. And check on the big board. An, we saw this yesterday, and gained slow momentum and next thing you know, boom. UnEmployment Benefits expiring for 1. 3 million americans tomorrow, and after the break, weve got a guest that says 2014 wont be much better than this year for out of work americans. A serious topic next. Announcer where can an investor be a name and not a number . Scotade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly 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. Its been that way ysince e day you met. 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If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Well, lets check on the big board here as we come back. Now up 31 points. And holding steady. Look at that, 16,510. Absolutely amazing. On the other end of the spectrum. Gold is up slightly 1215. And up slightly this morning. Check this out. Nearly 1. 3 million americans are set to lose their Unemployment Benefits starting tomorrow. And the ceo of expression Employment Professionals joins us now. You know, bob, how is this going to impact the job market and the economy . Well, i think it will impact it immensely and i dont know that the politicians have the fortitude to cut the Unemployment Benefits and i think it will affect a lot of people if this he do because this is the longest period of Unemployment Benefits weve had in many, many years in our country and it will certainly affect the unemployment numbers. It will affect the health and welfare of a lot of people because theyve been accustomed and learned to use the unemployment, the workers comp and the disability payments of course to sustain themselves. So it will be a challenge if they cut the unemployment. Charles bob, when you say politicians and fortitude, you the flexible staffing industry basically is a participant in trying to help people find permanent jobs. Last year what do you say, bob . Ive got to get in here, what do you say to people who are saying on the other end of this argument, there are no jobs. Yeah, maybe some people are gaming the system, maybe some people have been on Unemployment Benefits so long that the skills have eroded and theres nothing out there for them. Maybe what youre saying might sound good for you, maybe youre talking your book, but its a heartless decision to do at this time in this economy . Well, were out here on main street where we deal with medium and smallsized companies and there hasnt hired anybody permanently. There is a shortage of semi skilled and skilled people in america and were having a difficult time filling