Finishing at 1768. No new records for the dow or s p tonight but not a bad start to the week. Bob pisani following the action as olzalways. Now historic high for dow transport. Weve been talking about it all day, due to airline stocks. Historic highs on delta, u. S. Air all on the upside. Low oil since going back to june. Thats a big help. Thats what moved it forward. Speaking of oil, ive been talking about exploration and production stocks. Its the fracing plays and Companies Involved in fracing plays, northern oil, concho, they were strong all day again. The big surprise has been exxon. Theyve been dead money all year. Moved up again big today. Since earnings last week there were modest increases in Oil Production. Theyve been flat to down for years. They spent a lot of money on capital expenditures. Bulls are out saying we might see growth in Oil Production from exxon. That was 85 a month ago. Thats a big move for exxon in the last few days. Lets talk about housing stocks. Realology, vulcan had a big story, and the big story, tri pointe buying weyerhaueser. Shareholders will own 80 of that company 2. 7 billion deal. I want to note financials have had a rather tough time today and theyve been topping out a long time ago, jpmorgan half a point to the downside. Regions, fifth third, some regional banks like keycorp, on the down side. S. A. C. Announcement, a lot of people wonder what its going to mean for trading. They were part of the big Trading Volume perhaps 5 . The big thing is commissions, maria. They were the largest commission payer on the street as a hedge fund. Largest hedge fund that paid the number one commissions. And i think the clear outtake the takeaway from this is theres going to be fewer commission dollars that are on the street. Thats what people down here really care about. Maria, back to you. Thank you so much. Joining us now to help break down the Market Action lizzette from Athena Capital advisers tim leech and nathan, and thank you for joining us. Whats your take on these markets here . You say you dont want to be underweight in an environment where youve got such easy money from the fed, is that right . Absolutely. We have easy money all around the world, not only the fed but also in europe eurozone and japan. Japan has been a big entrant to that. Do valuations not counter into a decision on when to put money into equities right now . Do you worry about valuations even though this market is going up on all of this easy money, as you say . Yeah. Valuations are high, particularly in small caps and in some of the consumer cyclicals. There are still areas for relative value. And i think theres still room for further Margin Expansion as we look sfwardforward into the future as we keep the asset bubble going. Nathan . I see it that were in a trading range. Were rangebound. Most rallies start at about 11 on an p. E. And end or die around 19 or 20. When you see the 16 or 17 the hard part is that were halfway between where weve been and where were likely to go. And absent news like we didnt have any great news today so everybody looks around. Now is a time to check your strategy. I think if you dont have enough in equities, now is the time to think about it. Watch the party over in europe inspect i like vgk as an example. When you hear the drage announcement, theyre dropping rates, theres only one more thing to hear, it will be short term emergency measure like our fed for five years, in which case you know its time to get out party streamers. Is that what youre expecting, you think rates go lower this week . Absolutely. They go to a quarter and stay there for a while. Weve seen the movie, read the book, we got the tshirt, we got the postcard from our friends, we know what happens in europe when money gets down to a quarter point and stays there for a while on bank funds. Interesting. Tim leech, where are you on all this . A big meeting this week for the ecb. Speculation we could actually see rates go lower. Whats your take on that . How does that impact markets . Well, i think rates have to go lower in europe, maria, with the core cpi in europe, below 8 europe is very much in danger of a deflationary risk. They really have to counter that very strongly. But here at home, when we think about the easy money policies our fed has been maintaining, and i agree with the first guest in the sense that its hard to fight that or to see that thats going to choke off the equity market returns, but the issue that were actually seeing now on the horizon, maria, is that the fed may surprise. The fed may may actually look at the january meeting but probably more certainly for the march meeting if not january in order to begin the taper. That may catch some people by surprise. Yeah. What do you think happened today . Cimino, i want to welcome into the conversation. Samir, felt like a quiet day on the street. What were driving things from your standpoint . The most interesting thing today is you had the dollar down and also commodities down. Youve seen that over the last few weeks. One reason is the fed policy this time around is keeping asset prices fairly low. I would take the other side. You could see the fed staying on hold much longer because theres a lot of room for them to really keep from tapering. In our opinion, the stock market can run for a little while longer. What youre seeing with the bond market by virtue of the fact they wont let the tenyear get below 2. 6 right now, listen were going to do better next quarter. If the economy can get along, you can add 2. 6 and get a Home Mortgage at 4. 6 theyre not about to give away anything on the bond market. I think thats why rates have stayed, other than when politicians messed things around in the middle of october, were sitting at 2. 6 and i think so the bond market says, were not going any lower than this. We saw a pretty good spike last week. People were worried last week but theres always a cap. I think the cap is if this economy can adjust and move homes, which were not forming households were off about 300,000 in terms of hos hold formation. If we can get household formation back, well see progress. I think rates the bond market is saying were not going anywhere. You cant talk us down any more fed chair. We see the rates coming. We know theyre rising. What do you think . Just given where how much rates rose on the threat of taper, that i dont think janet yellen, if she is, in fact elected as fed chair, is going to go anywhere close to pulling back too quickly. Shes going to error on the side of being slower. Shes dovish. I think shes going to keep the front end. Curve pegged to nothing gets in front of this equity rally train . I think there may be bumps along the way. Not right now. Go ahead. You do have to keep in mind, with Commodity Prices going lower, one thing you have to watch for is where theres that Tipping Point when people start to focus on the Economic Data as opposed to what the fed is doing. There will come a time even if, lets say, the fed doesnt taper, if Economic Data tends to weaken meaningfully, you will see a tip willing point where folks will celek wits and take profits if the Economic Data starts to weaken. Were not there yet but that could be coming. Great conversation. Appreciate your time tonight. Well see you soon. Thank you. Nasdaq continuing its slow march to 4,000. Sheila has been covering the action at the nasdaq. Were hanging onto gains at the nasdaq. We were led higher by names like tesla, western digital, but what a ride it has been for nasdaq 100, also the composite. Both indices near 13year highs right now. Were just about 70 points away from nasdaq 4000 thats a level we havent seen since september 2000. Whats been driving the nasdaq higher . Two words momentum stocks. Names like tesla, up 500 , flet netflix up 300 gilead biogen and facebook up more than 20 in the past three months alone. Back to you. Thank you so much. We have 1. 8 billion and a guilt judge plea s. A. C. Capital today agreeing to pay a record fine and plead guilty to Insider Trading charges. But the legal battles of Hedge Fund Titan steven cohen and his company are far from over but possibly so are the days of him running other peoples money. Well have reaction from sheila bair. Also, if youre thinking of putting your money in twitter this week, Pay Attention to what young people say. Social network just upped the price of its ipo but our new poll shows a lot of users may be snubbing the stock. Highlights of our survey. A heated debate on the merits of investor in twitter. Growing calls to tax the rich. Robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Its a big week at big board. Twitter shares will begin trading on thursday. The social networking giant raised the price range between 23 to 25 a share, despite a new cnbc ap poll which shows the folks who actually use twitter are skeptical about it as an investment. Kayla with the details. Rearranging price work like clock work. In the midpoint of the new range twitter would be valued as 16. 9 billion fully diluted, 17 times 2014 estimated revenues. It could price above that. Thats what wall streets expecting, or Goldman Sachs could choose to sell more than the allotted 70 million shares as an elite few on wul street crowd into ipo, main street is not so sure. 40 of respondents who are active investors believe twitter is a good investment compared to 54 who thought facebook would be a good place to put their money book in may 2012. A larger percentage of higher income and millennial respondents believe twitter would not be a good investment. However, 46 of those young adult respondents, the core user for twitter, believes the company will be successful in the next five years. So, down the road. Two forces behind this. One, millenials are wary of the stock market in general, according to wells fargo. Two, perception of social media is lagging. 19d of respondents said they viewed twitter as a good company. Facebook highest in that crowd at 47 . Shares of twitter for Retail Investor will be far and few between. Perhaps giving time for that positive sentiment to recover. Back to you. Kayla thank you so much. If millenials arent buying into twitter, who is . With us larry from dynalink. He doesnt think twitter is sustainable as a stock to own and also max wolf sees twitter as a great momentum growth story. Larry, what is your problem with twiter . I dont like it, first of all if it comes out 25 its double the valuation of facebook at 40 times sales versus 20 times sales. The difference is theyre not profitable. Facebook at the tirmme was 1 billion profit. I dont see any sustainable growth. I think theyre coming out way too early and theyre not ready for it. Talk about 25 billion. I think if anything, maybe 8 billion valuation. And i still would stay away from it. I think people, if they get in, are going to get burned. I could see this thing going way down. Max, lets talk about this for a second. I know twitter has been a growth story. I have a little bit of an issue with the survey we did because were surveying users of twitter, socalled millenials. That immediately makes me think of my 20yearold niece, samantha. She doesnt have any money to put in the stock market. Shes still in college. I dont know why we think users of twitter, millenials will have any money to put in a stock market if they dont have the money to invest right now. The good news is thanks for having me as always. The good news is theyre not actual buyers. Its a sentiment check. Its important symbolically, get filling out the cards and getting shares filled. In terms of the multiple twitter is coming out at less than 20 times forward sales we got facebook out at. Coming more like upper mid level of the range. Theyre coming out in multiple more like facebook is now and its had quite a good run. Facebook came out at 103 billion and it was going to do about 5 billion in revenue in the next calendar year. So, we thought. So, it isnt more expensive. Its going to come out around the same range were seeing facebook and linkeden trading now. When you buy a company that doubled revenue last year, only making money for two or three years, you need to be careful not to do that as a Value Investor otherwise i would never buy any tech ipo ever. While theres a reason to do that, i think the bigger question is, will you like this company over the next year or two . Its too early to tell. Thats the real decision metric for Retail Investors to sagely use. With all due respect, Larry Facebook had its issues when it first went public but it stabilized. People are believers in the story. It was above 50. Google had its share of critics. What is it doing to those critics now its above 1,000 when it went public at 85. Who is to say long term this growth story is not a real growth story . Facebook is over 1 billion users and already profitable. This is zero profitability. Right now theyre losing a lot of money and slowing growth. If you look at valuation of 25, it would be last years 43 times sales and facebook came out at 22. It would be double the amount. Dont see the growth there. 200 million users. What will happen is you continue to get hit on margins, slowing your user growth as it is. To continue to scale i dont see it there. Dan niles sold his entire position. He was a guy whos been a genius in terms of investing in this stock. He shorted it when it was up to 4250 during the ipo and then bought it below 20. Now he just sold it at around 50. Look. As you recall, i was one of the more bearish voices on facebook. I told the public in part on your air they would be better off buying a Lottery Ticket than those fb ipo shares. Liked the company. I didnt like the share price. Twitter has the advantage of standing on the shoulders of the folks who came before. I think this ipo is being handled better. If has a lower forward apples to apples earnings multiple. I dont think its an earnings multiple. Bottom line, its definitely not cheap. Its not the bargain of the century. People are either buying it this week because they want a quick pop, which is not wise and not for Retail Investors or they believe in the longterm story. Lets be honest here. Twitter has become the first draft of history. Everything happens first on twitter. Its the first democratic wire service. Becomes the Second Screen for television. Its becoming the Rating System for television. And its taken over the field of journalism. That makes it relevant. It isnt just in the news. Twitter is the news. That makes it exciting for mou. It will take more than a few weeks or months to know if its a good idea. Its here. Its Revenue Growth year over year, quarter over quarter is 100 . It has momentum. Has trouble with user growth here and there but it has conquered mobile. Facebook hadnt. 75 of utilization is outside the u. S. And it hasnt been monetized. If they can turn on the do it yourself ad platform youll see but its not making money. Its absolutely making money. We love the post office but the post office doesnt make money. I dont know if the post office is growing 100 year over year either. And the whole good point. The whole issue is were getting into video advertising here. Volume is a great property. If you look, you need a dramamine to most people have Attention Span for sixsecond format which is vines format. I disagree. If you want a safe value play, dont buy any tech ipo ever, this one included. The real the proof is in the longer term pudding. What are those metrics, max . Give me one or two metrics youll be looking for said longer term youll be able to see it. Is it profitability . They have to inflekt at least to break even within six to nine months. They have to tell us a little more and how theyll get there. They have to ak tu the way on being the Second Screen social utility and take 75 of their user base which is nonu. S. And monetize them because right now 25 of users are american but 25 of users are american but 75 of revenue is american. They need to flipflop that with the international story. All right. Well leave it there. Gentlemen, thank you very much. Good conversation. Appreciate it. Well be watching this big deal this week. The government will be notching a big victory over steven cohen and s. A. C. Capital today. All of the charged s. A. C. Companies have agreed to plead guilty and all have agreed collectively to pay total fines and penalties in the record amount of 1. 8 billion. The latest with our own kate kelly on whos been way out in front of this, plus sheila bair speaking with me exclusively with reaction. Hold onto your wallets. A growing call to make the socalled rich pay more and more in taxes. Our wealth editor robert frank has been seeing a trend. Hes here to connect the dots for us. Its as simple as this. At bny mellon, our business is investments. Managing them, moving them, making them work. We oversee 20 of the worlds financial assets. And that gives us scale and insight no one else has. Investment management combined with investment servicing. Bringing the power of investments to peoples lives. Invested in the world. Bny mellon. Vo two years of grad school. 20 years with the company. Thousands of presentations. And one hard earned partnership. It took a lot of work to get this far. So now im supposed to take a back seat when it comes to my investments . Theres zero chance of that happening. Avo when you work with a schwab Financial Consultant, youll get the guidance you need with the control you want. Talk to us today. Im beth. And im michelle. And we own the paper cottage. Its a stationery and gifts store. Anything we purchase for the paper cottage goes on our ink card. So you can manage your business expenses and access them online instantly with the Game Changing app from ink. We didnt get into business to spend time managing receipts thats why we have ink. We like being in business because we like being creative we like interacting with people. So you have time to focus on the things you love. Ink from chase. So you can. Welcome back welcome back. S. A. C. Capital advisers pleading guilty and paying a record 1. 8 billion fine to the federal government. Kate kelly breaking the story over the weekend. What can you tell us . Reporter its been a jampacked day for s. A. C. And also the u. S. Attorney for Southern District who held a press conference at midday for reporters to walk people through this landmark settlement. Procedurally theres a lot still to come. The settlement has been agreed to between the two parties. Its sitting on the desk of two judges in the courthouse behind me judges swain and sullivan, who must approve it. If and when that happens theyll have a public guilty plea by senior representative from s. A. C. Not necessarily founder steve cohen but as well as sentencing to follow several months later. Its after that s. A. C. Needs to get serious about restructuring. Theyll have to appoint an independent compliance monitor to oversee what theyre calling the winddown. What that means is they have to return thirdparty money to investors. A process that actually will be mostly completed at the end of the first quarter, from what im told, but could take ultimately one two two years, maria because they have liquid assets they need to sell. That process is currently being negotiate with the s. E. C. They have sfooif years to do it. Probably wont take that long. So, nearly kate, thank you for the facts. We want to talk about this. Nearly 2 billion to settle Insider Trading charges at s. A. C. We want to get the latest from sheila bair. U. S. Attorney pete bharara said penalties are steep but fair. He made it clear this shut help serve as a deterrent. You agree . I absolutely agree. This is great. This isnt just the cost of doing business. A fine of this size hurts. It hurts where it should. We have more coming from criminal prosecution, so i applaud the u. S. Attorney. I applaud the Justice Department and s. E. C. To bringing this to fruition. Interesting they were unable to bring any criminal or fraud charges against steven cohen individually. His name is on the door s. A. C. Is steven a. Cohen. Why do you think was that . Well, i dont know. I dont know what the evidence is, what the facts are. Criminal prosecutions can be very hard to bring. Well have to see what kind of further indictments might come down the road. But at least at this initial stage, this is a very, very steep fine. It will be hitting him obviously, since he is s. A. C. , it will be hitting him personally as well, i can only assume. And i think it sends a very strong signal. Gerngs i applaud the government. And the s. E. C. Is expected to demand that steven cohen never manage outside money at s. A. C. Or anywhere else. Should that happen . Yeah, absolutely. I dont know why someone with this long track record of improprieties at his firm should be interested with ever managing public money again. I think thats completely appropriate, absolutely. But does it say anything about the fact that they werent able to bring charges you know, against him individually and now theyre trying to say, well, he cant manage money . Well and if theyre bringing criminal charges and his firm is saying, yes, we plead guilty to this, well who . An institution doesnt do it. People do it, right . Well, people do it, thats true. But its easier look, im glad that theyre going to bring further criminal prosecutions. Its obviously easier to get a settlement when the firm is paying versus talking about sending someone to prison and attaching the personnel assets. Thats just a fact of life. But nonetheless, i think this is a very steep fine and one that is going to hurt him, or it should. He shouldnt have to have a criminal conviction to tell someone they cant manage public money anymore. Theres certainly enough evidence here, at least, of very, very poor management of his firm. He should not be allowed to manage public money anymore. I dont need a prosecution. Whats the next shoe to drop would you expect . Looking at this situation, we know now weve got to hear from the judges. But what else are you expecting to come out of this . This is obviously a steep fine and very serious charges. Well, i think its going to sends a very strong signal. Thats what you want with enforcement actions. You want to send a signal for others who may be doing this or may be thinking about doing this. But its not going to be tolerated. Its going to basically put you out of business or seriously contract your business. If this kind of conduct occurs. So, i hope it sends a strong signal. This is exactly the kind of thing you want. This is why you want fines of this size so its not just the cost of doing business. This hurts. This one hurts and will be a lesson to others. One thing said in the press conference was its a culture, and this culture fostered getting information and getting ahead of it. Yeah. But its just indicative of the ethical standards and how badly theyve deteriorated, unfortunately, with some of the most prominent names in the industry. I wish i could think this is is lated but i dont think it is. So, the fact that were seeing this new vigor at the Justice Department, this kind of very aggressive case i think its very promising. And hopefully well start with these kind of enforcement actions, start seeing profound ethical change in the way people do business on wall street. When you say cultural change do you mean specifically in hedge funds . This is one case i dont think its just hedge funds. Wall street . What do you mean . Dont think its just hedge funds. Weve seen a lot of examples of manipulation cases you know massive fraud in large parts of the securitization market. Its ethical standards, conduct of doing business, deteriorated substantially in the runup to the subprime crisis and the government has not done enough since that crisis to correct it. Its very refreshing to see these kind of things coming. Its five years after the crisis. This is a little different from the activities that gave us the 2008 debacle, but nonetheless in showing new vigor and resolve by the government to take on very powerful, influential people, i think thats what we need. Not just lower level folks but people at the top. Yeah. Let me switch gears here because you were speaking out on housing, criticizing former colleagues from way from tougher mortgage roles required under dodd frank. Are you concerned were seeing lax lending standards and on the road to a bubble again . Were positive here with this enforcement action but i think in rulemaking were seeing definitely backtracking. We had a problem with private securitization and the problem is we separated origination of the loan from ownership of the loan and the risk it would default later on. That gave us volumedriven business. So forcing securitizers, those packages mortgages and selling them off as securities forcing them to keep some skin in the game was a key central reform of dodd frank. Its been proposed as eviscerates that and i think its highly problematic. Theres a lot of political pressure on regulators to back down on Risk Retention. Everyone wants to get the Housing Market again. They think thats part of the solution to our economic problems but wet want a sustainable Housing Market. We dont want to recreate the party we had prior to 2008. So, im very concerned about it. I hope theyll think it through before they finalize those rules. You still see, what 75 , 80 of the mortgages in this country held or coming from fannie and freddie . Thats right. Right. You would like these two right right. This action, this business put onto the private sector but that doesnt happen overnight. We know that. This is going to be an enormous job to do . Can it be done in terms of minimizing fannie and freddie, putting these mortgages in the private sector . I think it can over time. I dont think 5 Risk Retention is going to put anybody out of business. I dont think it will have any Significant Impact on the cost of credit. Regulators acknowledge that as much. Fannie and freddie, ive been saying for a long time its a broken model. We need to eliminate them. I think ed demarco is ratchet willing up guaranty fees to make it more expensive to do that business for them. There are some things that should be changed before its finalized. There can be a new model that can get us out of the fannie and freddie situation we have now because theyre basically government monopoly. 75 of the market, you know,ist nice theyre paying taxpayers back. Theyre generating a lot of money. But the taxpayers are essentially guaranteeing all of that. The Housing Market turns again, well be on the hook again. So, the sooner we take care of that problem the better. Privatization needs to come back but not in the way it existed before. We dont need it the way it existed before. It destabilized our economy. Thank you for weighing in. Sheila bair. Mental issues once again leading to tragedy. Fridays shooting although l. A. X. Airport sparking more concerns over the melt healthoment health care system. Ill talk about costs people need to deal with hejts health issues. [ laughter ] [ female announcer ] each one of us is our own boss. And no matter where you are in life ask your financial professional how lincoln financial can help you take charge of your future. Mike rowe here at a ford dealer with a little q and a for fiona. Tell me fiona, whos having a big tire event . Your ford dealer. Who has 11 major brands to choose from . Your ford dealer. Whos offering a rebate . Your ford dealer. Who has the low price tire guarantee affording peace of mind to anyone who might be in the market for a new set of tires . Your ford dealer. Im beginning to sense a pattern. Get up to 140 in mailin rebates when you buy four select tires with the Ford Service Credit card. Whered you get that sweater vest . Your ford dealer. Welcome welcome back. No new records for the s p 500 and dow today but there were big movers. Lets get to dominic chu with more on that. Lets start off with blackberry which plummeted on news it was no longer for sale and the ceo heins would be leaving to replaced by john chen on interim basis. Johnson johnson losing some ground after agreeing to pay 2 billion to enter government problems in the way it marketed antisigh psychotic drugs and the heart drug netracor over several years. Ryanair falling after they slashed the profits for two years. Then tesla, moving higher ahead of earnings tomorrow. The streets looking for a gain of 11 cents a share on revenues of 585 million. Finally, lets cap it off with linn energy and berry petroleum, both gaining after linn said it would increase to 4. 9 billion overall. Terminal 3 at l. A. X. Los Angeles International airport, has reopened following fridays deadly shooting rampage. The suspect, paul ciancia, who was shot four times by police who has been hospitalized heavily sedated and under 24hour armed guards. From los angeles with the very latest. Jennifer, what can you tell us . Reporter maria, terminal 3 is back to normal. A lot of airport employees have said commented how quiet of a day it is around here at all of the airport. We can tell you here at the tsa checkpoint where the officer was gunned down first is where paul ciancia is the one who walked through the door right here and at the bottom of the stairs were told open fire. Where you see the flowers is where that tsa officer fell. Ciancia allegedly went up the stairs, kept firing back at that tsa officer, and accomplished one of his goals, to kill a tsa officer, and the second goal, to show how easily it is to get a gun into the airport. In fact, what happened friday is likely going to change the way things are done around airports as far as patrol goes. But how remains to be seen because its so difficult to patrol such a large area with so many people. Were told he came in, was dropped off by a friend at the corner. Was not a ticketed passenger. Just walked in with a duffle bug. So, thats the situation here. Things are back to normal after a horrendous day on friday. Sadness in the air but planes also once again in the air. Maria . Jennifer thanks so much. Jennifer joining us from l. A. X. Tremendous violence that bring focus to Mental Health illness. A and cost nearly 200 billion in lost earnings. Sadly, as we saw friday it can lead to violence and loss of life. Doris fuller treatment advocacy center. Ladies, thank you for joining us. Doris, what is the crux of the problem in helping those with Mental Illnesses like the shooter at l. A. X. , what is the barrier in terms of getting the help they need particularly before an event like this happens again . Well, we really dont know enough about the shooter at l. A. X. To know exactly what his problem was. He actually did reach out for help, let someone in the family know he was sueicidal and there was followup. In some other cases, jared loughner, others, what were looking at is people who have untreated Mental Illness and are not getting what they need to intervene before tragedy occurs. Debbie, you believe theres a lot of attention being placed on Mental Health but in the wrong area. Can you talk to us about that . Sure, maria. We are getting a lot of attention but its very negative attention and skewed. It is true we have had some highprofile incidents in recent times. However, to listen to the news, one might get the impression theres a great deal of violence with Mental Illness. In fact, 95 of violent incidences dont diagnose Mental Health illness. 3 to 5 with Mental Health or Substance Abuse issues. We are getting a lot of attention. Attention is good. Doris is absolutely right this system is not serving people well. We need to be able to have people who reach out for help have followup, just like they do when they have other kinds of Health Conditions. Usually when someone has a Health Condition and they need help, theres some kind of plan in place to get them services and followup, whether its in their home or outpatient. And thats lacking in the Mental Health systems. Weve had almost 4. 5 billion cut out of states budgets over the last few years, since 2008. So, even in places where there were very good connections, theyre not as good as they were. We also know that the Affordable Care act coming online and more people having access to Mental Health services due to the Mental Health parody law will help people make those connections. Yeah, thats true. So doris, help us follow the money on Mental Illness. What kind of funding is Mental Illness treatment getting . Is it enough . Is it going to the right places . How might it be different . Debbie is absolutely right. Weve had terrible cuts in Mental Illness health care across the country. Theres no place we could use more money for more services. One of the things thats missing when we discuss, even in the Mental Health community, where those dollars need to go is that we have the vast majority of people who are not a danger to anyone else. They can walk in and seek services. They know they need help. They can get their services may not be what they should be, but they can seek help. Then you have this very small segment of people who are the ones that primarily drive these negative impressions that debbies talking about. And they can step in and seek services. And so no matter how much money we throw at them theyre still going to be out there because theyre lost in a different world. And so we have two populations. One very large. One small. One having a really disproportionate impact on the image of all people with severe Mental Illness. Very important insight. Thank you very much. Appreciate your time tonight. Thank you. Up next what could take the dow and s p 500 to new heights tomorrow. Wall street money pros give you a leg up on tomorrows money action. Stay tuned as we take a look at tomorrow tonight. Wealth editor robert frank are where calls are gaining the most traction. We asked people, if you could get paid to do something you really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . Honestly, im a little old fashioned. I love chalk and erasers. But change is coming. All my students have the brand new surface. It has the new windows and comes with office has a real keyboard, so they can do real work. They can use Bing Smartsearch to find anything in the world. Or last nights assignment. And the battery lasts and lasts, so after school they can skype, play games, and my favorite. Do homework. Change is looking pretty good after all. Customer erin swenson ordered shoes from us online but they didnt fit. Customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Welcome back. 30 second on welcome back. 30 second on the clock for each of our next guest as they tell us what we should be watching tomorrow. New high for dow on the agenda . Joining me, jimmy lee and oliver pearce. Jimmy, youre up first. 30 seconds on the clock. Tell us how to prepare for tomorrow. Tomorrow im watching same store sales figures as consumer makes up twothirds of our economy. With the Holiday Season ahead of us, im hopeful all of us will do a lot of shopping this year. Also tom gallup pollsters release eci data set. We get a better gauge how consumers feel about the economy. Friday ill be watching employment numbers. I think theyll be on the rise with holiday hiring. As an optimistic i think the glass is half full. I see the stock market higher in six months with more money moving out of bond market and into equity markets. You make a good point. Im watching retail as well. A lot of big names. Oliver, 30 seconds how do we prepare . Absolutely earnings is going to be key. Well start out of the gate with a lot of European Data in the morning. The ism nonmanufacturing coming out at 10 a. M. Those will set the stage for the trading day. Look, cvs is reporting before the open. Tmobile is reporting before the open. Tesla, as dominic chu just point out, reporting after the close. The boj tomorrow afternoon or tomorrow evening, after the close. The bank of japan is going to release its minutes. Now, typically thats not very important but i think it will be for the week. In large part because of economys are so much in influx and you want to avoid inflation numbers. Gentlemen, thank you very much. Good to see you. Thank you. Appreciate your time. Up next some small town colorado to the big apple. Our wealth editor robert frank on renewed calls to increase tax on the socalled rich. Even more. Peace of mind is important when youre running a successful business. So we provide it services you can rely on. With centurylink as your trusted it partner youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information safe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. [ male announcer ] what if a Small Company became big business 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 future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. My customers can shop around see who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business and definitely not with our health. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Welcome back. It was less than a year ago that the president won a big victory. Now calls to hike taxes more on the rich are raising volumes all over again. These calls are coming from your own backyards. He joins us now on a story i cannot wait to hear. You talk about our backyard. It really is our backyard. Mayoral candidate ahead in the polls going into tomorrows election. The key to the platform is raising more than 500 million to pay for education programs. A top Senate Leader says he will push it. In colorado voters head to the polls tomorrow to decide whether to hike taxes especially on those making 75,000 or more. I guess that counts for rich in colorado. That money is slated for education but the calls for hikes on the federal level that have grown broader. If we look at that the billionaire calls the wealthy this is what he writes. He says you did not kbild that. You did not create that wave. You road it. And now its time to share your good fortune by paying higher taxes. Capital gains should be taxed the same rate as ordinary income. Opponents point out that the top pay 40 of state income taxes. Now tax and Capital Gains right now looks about as unlikely as a duck landing in a pile of gold coins. I think most people agree that the rich should pay their fair share. But i wonder why they think they arent already. Somebody making a mm dollar they want more than 60 . It just got a bit tougher for banks as well. Stay with us. Jackie there are plenty of things i prefer to do on my own. But when it comes to investing i just think its better to work with someone. Someone you feel you can really partner with. Unfortunately, ive found that some Brokerage Firms dont always encourage that kind of relationship. Thats why i stopped working at the old brokerage and started working for charles schwab. Avo what kind of Financial Consultant are you looking for . Talk to us today. So i c an reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the allnew fidelity active trader pro. Its one more innovative reason serious investors are choosing fidelity. Get 200 free trades when you open an account. And and finally tonight, my observation on the Capital Requirements that have once again been put out by the capital reserve. This was actually released on friday, the tragedy at lax airport overshadowed the news. Analysts are writing about the implications for the big banks. Comments from the fed suggests a much stiffer set of criteria. The question, of course how much of this was expected. And is this the reason for the recent underperformance of the banks . The fed released a stress test scenario for the top 18 banks which are required to submit their capita plans shortly after the new year. Many of these banks have been reserving and planning for more capital outlays. Now there are now questions about that because the fed is gaming on a possible weaker economic scenario. There is also a Counter Party default scenario. Plab lu xz fb the lablgts ub mobd galgts barlgs ubsment 6 looking at valuations has this been priced in or will we see sell offs once it becomes clear that there will not be significant dividend increases . The major banks are all up between 20 and 45 year to date. But just in the last three months they have started to show some weakness. We will watch this group and whether or not the market can rise without the banks in the lead moving higher. Nasdaq picked up 14. 5. That will do it for closing bell. I will see you tomorrow. Fast money begins right now. Live from the Nasdaq Market site in new york citys time square, im melissa lee. Red flags for the rally. Two big wall street names raising concerns about the markets big run. The high flier has been tapping the brakes and we have got a bull and bear debate. And consumer check up joins us to break down the held of the consumer and how his company is gearing up for the all important