Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the elelection, the bt performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Interest Rates. But we have no idea how much rates ultimately will go up. And the fed will be the key to watch here. Interest rates have also been moving on the perception that more Infrastructure Spending may be inflationary. But thats a long way down the road. Third is Corporate Income tax reform. It would make sense that banks would benefit from this. But its not clear how much would go to their bottom line. Again, we just need more specifics. Finally, theres two other nearterm events. The italian referendum and the Federal Reserve meeting both only a few weeks away, and both could trigger more bank squeamishness. For nightly Business Report, im bob pisani at the new york stock exchange. Another sector that took off today, the airlines. The group hit an 18month high after Warren Buffett gave it a vote of confidence. He disclosed his berkshire hathaway, united, american, continental and southwest and delta. His total investment, more than 1 billion. And this is a major reversal for buffett, who has called the industry a Bottomless Pit for capital. In his annual letters, he frequently writes about a volatile investment he made in usairways, back in 1989, often calling it a big mistake. The sector fell in the first half of the year, as you see there, before recovering from the lows of the summer. Theres another under the radar sector that nobody has been talking about since the election. Casual dining. Dominic chu joins us here to tell us why more people are dining out. Why is the sector performing so very low . Theyre hungry. But so much of it is about sentiment in this country right now. Whether or not you believe that the election brought certainty or didnt, people are feeling at least or there is the perception people are feeling better. Theyre a little more certain. For that reason, a lot of traders piling into casual midscale restaurants. So were not talking fast food. Were not talking capital grill. Were talking about companies that do some of the midsize. Darden restaurants youre showing right there, owns not only the olive garden and longhorn steakhouse on the mid scale side. Theyve also got capital grill. Check out the chart, a huge move. 11 higher in one week. Similar charts happen for chilis, also cracker barrel, as well. Country fried steak and country gravy on there. It comes down to whether or not consumers feel good about spending, sentiment plays in. And we have seen a nearterm trend of lower fuel prices. And that helps the consumer, as well. More extra money to spend. He likes to sit in the rocking chairs. I like the rocking chairs. Good food. Oh, man. We were talking on another broadcast some time ago with tillman fer teata, owns a lot of stuff. He was saying people were staying home because they were nesting, they were not confident. So this the uncertainty has risen. How what needs to take place for this rally to continue . Its going to come down to whether or not we do see the economy keep up. And thats going to be a real big driver of whats going to happen. If fuel prices still remain low, and they have been holding relatively steady, especially in the holiday season. We are going to see people start to spend a little bit more of the money on holiday gift items, as well as perhaps other things. But if the overall scheme for consumers remains positive, if the economy starts to pick up a little bit of steam and people feel a little bit better, thats when you can start seeing these stocks really take off. But the nesting thing is interesting. Because Pizza Companies like dominos and papa johns, they have done pretty well. People getting delivery. Right. People staying home. Dom, thank you very much. Biscuits and gravy. Home depot blew past earnings expectations, as consumers continue to pour money into their homes. Sales and profits were both higher, and the Company Raised its full year earnings forecast. But investors were not impressed. After the Home Improvement retailer reiterated but did not lift its full year sales forecast. Courtney regular an has more on the dow components most recent quarter. Reporter any doubt about the strength of the u. S. Consumer and Housing Market is relieved, looking at home depots latest quarter. The Worlds LargestHome Improvement retailer dlafrs for investors. Not only did more shoppers make purchases, but they spent more, too. While appliance maker whirlpool said its soft demand in the quarter, it didnt play out in the category for home depot. In fact, appliances and big ticket items drove the quarter. Oppenheimer analyst brian nagel its half from u. S. Consumer and Housing Market strength. Even though Mortgage Rates have increased, he isnt worried about a slow down for Home Improvement retailers. If the homeowner consumer says i feel confident in my job, thats probably more than the modest uptick in Mortgage Rates. Before they become a significant headwind. The u. S. Commerce Department Says sales increased by more than 1 for october from september. Which could bode well for lows when it reports tomorrow. But the Home Improvement retailers have benefited from positive Macro Economic conditions for quite a number of years. Leading many analysts to question just how much more room there is to grow from here. For nightly Business Report, im courtney reagan. Americans spent a lot of money last month. Retail sales, a measure of spending on just about everything from clothes to online stores, rose. 8 in october. That was more than forecast, and it marked the biggest backtoback increase since early 2014. The report also reinforces the chance for an Interest Rate increase as soon as december. And today boston fed president , Eric Rosengren said the rate hike at the Central Banks next meeting is plausible. Since the economy is nearing full employment and inflation is still low. The conditions that we need for a tightening are basically there. And im looking forward, hopefully, that the economy continues to improve and that it is appropriate in december. Federal reserve policy makers scheduled to meet in mid december. Well, oil prices notched their biggest oneday gain since april. An outline deal was reached in september, but the details are still being worked out. Nonetheless, domestic crude higher by more than 5 . The Energy Sector riding the crude oil wave today when oil prices were down. What can we expect from the oil and gas industry under the new Trump Administration . Scott roberts joins us, senior Portfolio Manager at invesco where he is here to discuss what might lie ahead. Good to see you, scott. Welcome. Thank you. Lets start, first of all, what are your expectations in terms of potential policy changes under a new administration . Well, its kind of interesting. If you think back during the campaign and even during the debates, we saw really Little Details on policy. But we do think that the the new administration is going to focus more on policies that will have less regulations and less red tape. And that has brought implications, one in particular for the midstream area or lod s logisti logistics. When we talk about midstream and logistics, those are terms of art that are very familiar to you, but maybe not to a lot of our viewers for example, the keystone pipeline, such a controversial project. Other pipelines, controversial too. Is that who were talking about here, the pipeline operators and builders . Indeed. In fact, we think there will be less regulatory hurdles going forward, where it will make sense for companies to look at adding long haul pipeline. The idea here is simple. We want to move crude from base where its being produced to where the refineries are. Hopefully leads to lower gasoline price, which saves around 2. 15 a gallon. The curveball is opec in two weeks. So you think opec might be a bigger driving force than the new administration, longterm . Absolutely. Opec is terribly important to the global oil market. We think the changes that opec may embark on will be more of a driver for crude prices in the short run than the auto indeed miles an hour policies will be. I know you dont want to get into specific names by way of recommendation, but thats an area you would say individuals might take a second look at. What about dryly drillers . A lot of discussion about opening or easier permitting for drilling on federal lands. What about the companies that might do that, what about the frackers . So a couple points. First and foremost, if we do see more federal land being opened up for drilling, it does not mean were going to see the media boost in u. S. Production. The reason behind that is, you know, companies high enough. Right, exactly. Companies need to have an attractive irr to make it worth their while. Right now, we dont have that, even with the strong move in crude today. All right. Scott, we have to leave it there. Scott roberts with invesco, changes a coming. Appreciate it. Thank you. And now a followup to a story we told you about yesterday. The Company Building the Dakota Access pipeline has asked the federal court for permission to lay pipe under the Missouri River in north dakota. Energy transfer partners wants the court to confirm that it has that legal right. Yesterday we reported that the army core of engineers wants more time to study that project before it decides whether to allow the pipeline to cross land near a native american tribe. And the Worlds Biggest Oil producer, the aforementioned, saudi arabia, wants to diversify its economy, so that it will become less dependent on crude. And today gamble was at the forum in readd, where the focus was on the companys economic future. While governments everywhere seem to be focused on what a donald Trump Presidency will mean for their country in saudi arabia, today the leadership is focused on the future and thats the fight to diversify away from oil. Over the last several months, we have seen public sectors salary slash and ministers have taken pay cuts and for the first time ever, taxes raised. While it may appear to be one of the most closed societies in the world, saudi arabia is the most connected in the region. And with 720 of the population here under the age of 30, itsit Digital Economy that seems to be gauging traction. Missed global forum in riyadh, but sports, oil, tech and media to focus on the next generation. Even as the pressure of a prolonged period of Lower Oil Prices and delay in private Sector Companies has taken a major toll on Consumer Confidence and led many here to question whether the government is on the right track. For nightly Business Report, im Hadley Campbell in riyadh, saudi arabia. Still ahead, an old Economy Company that wants to be a leader in cuttingedge technology. President elect trump went after the automakers during his campaign and ford in particular for opening plants in mexico. Today fords ceo, mark fields, told fin l phil lebeau, hes a big supporter of free and fair trade and responded to the threat of higher tariffs. In terms of 35 tariff, that would affect the entire auto sector. And that would impact not only the auto sector here in the u. S. , it will impact the economy in general. So we have to take all those things into consideration. Mr. Field said ford has been in contact with the incoming administration. The Scientific Community is also trying to figure out what funding for medical research will be like under a Trump Administration. That was a big topic of discussion at a gathering of researchers in new york. And meg tirrell spoke to them. Reporter while stocks of pharmaceutical companies soared after the u. S. Election, the future of Government Support for science is less certain. President elect donald trump hasnt yet laid out his plans, but the Scientific Community is nervous, suggesting trump may be americas first anti science president from his positions on to himmics from Climate Change to vaccines and citing tweets like this one from the height of the 2014 ebola outbreak, suggesting aid workers shouldnt be allowed back to the u. S. But in new york today, researchers expressed hope the new administration will be supportive of science. Biomedical science has never been a partisan issue. Reporter the annual conference run by businessman mike milkens aims to bring industry, nonprofits and others together to accelerate research into cures. Were in the golden age of science where we can provide personalized and presession medicine to everyone. Reporter the transition comes at a time funding for science already has been tight. We lived through a very tough period from 2003 to 2015, and lost more than 20 of its purchasing power based on flat budgets, inflation eroding and the horrible thing called the sequester, which took away more than 1. 5 billion in one fell swoop. Reporter dr. Francis collins, says the u. S. Has turned a corner on funding, increasing the nih budget by 7 this year. Conference attendees today stressed the importance, with many drawing clues from a policy section on his website. Bullet number three was advanced innovation in Health Care Research and development. And so we dont know what that means at this point. Well battle over the next few weeks and months. But thats still encouraging that that was a topic here type of effort there. Reporter everyone eager to hear more. For nightly Business Report, im meg tirrell in new york city. The world series helped Dicks Sporting Goods hit a home run. The nations largest Sporting Goods chain said its better than said profit and revenue helped by higher sales of apparel from Major League Baseball teams, the Cleveland Indians and chicago cubs. The company also raised guidance for the year, but gave a down beat outlook for the current quarter. As a result, shares off 7 at 56. 71. Profit and sales at Tjx Companies topped analysts expectations with results helped by a steady stream of customer traffic. Samestory sales topped estimates, but the owner of discount retailers marshalls and my wifes face to face rid home goods, citiing impacts fro wage inaccuracies. Shares at 7 approximate. 49. Jd. Com saw its loss widen but did manage to post higher revenue that edged past estimates. The Company Also Announced plans to spinoff its finance division and sell its equity stake. Shares up 11 at 26. 41. Teva Pharmaceuticals Posted higher than expected profit as a result of benefits from the takeover of aller gen. The company did note that lower sales of treatments contributed to its revenue miss and reduced the yearly outlook. Shares off 8 to 37. 60. Beeser homes, delivered fewer homes. The company also reported a drop in revenue. Shares down 13 cents to 11. 67. As we just told you, shares of United Continental continue to rally today. After a regulatory filing yesterday, revealed Warren Buffett took a new stake in the airline. Today united announced plans to introduce a less expensive basic economy option that comes with restrictions like prohibiting customers from bringing on board a carryon. Oscar munoz expects the move to improve earnings. We had an investor who flew from los angeles with a 110 roundtrip fare. That is not a Sustainable Fare in a business wormed. What we want to do is offer not only that fare but that particular customer would have paid more to get a seat assignment, to get a bag assigned. So the way we will make money is the ability to upgrade and upgaug