Halftime. Power starts now. Power lunch and the second half of the day starts now. Indeed it does. After five year highs on the s p 500, we are giving back today. Is the market changing longterm or is this just a momentary blip. We will talk about that. Two big settlements in housing to tell you about. And a whopping 10 million deal with fannie mae. What this means pour for the foonl giant and investors now. You will hear the president speaking live and it is the next big fight in washington. The president is set to pick chuck hagel as his next press secretary and it is proving to be a controversial choice. Well carry it live and look at what it means for the defense stocks. Meantime, my partner ty is down at nyse today, hi, ty. Hi, sue. You mentioned some of the reasons why. Investors seem to be selling off in the wake of last weeks major rise for the markets. Though it got choppy on thursday and friday. Rg3s knee explains why. Worries over that, certainly coloring investors at this hour. Nasdaq off a third of a percent at 3,090. S p 500, 1457. 98. Down a little bit. Oil off rather substantially today. And the dollar a little bit weaker against a couple of currencies. Bob pisani is here. Whats up, bob . Our lows of the day. I was talking all last week of how much of the big move up was due to the fiscal cliff and how much due to new money coming in. Today it looks like that was a lot about new money coming in. As you can see, less energy. In terms of sectors here. Most major names with big moves up last week. Energy financials for example, look at sectors. All modestly to the down side today. I think the important thing thats interesting here is that materials are weak here. Dollar is down today. That normally helps metal stocks. As you can see, none of them are doing much. But reporting in the next couple of days. Want to know, gold stocks having a tough day here. Harmony had to shut down mines in south africa because of strikes going on there. Gold stocks still not performing very well. We will have an expert on at 1 30 eastern time to talk about the outlook for gold in 2013. Welcome, good to see you, lets focus on the earnings season kicking off. You wrote about it a little bit this morning on your note. Is that a real concern right now . I think it is. They prepared us, kind of investors for a weak fourth quarter. They have been talking about it for a while so it shouldnt be too much after surprise. I think the surprise will be the extent of really how bad itll be, right . Is it going to be worse than maybe than theyve indicated . I think we will not know that until we get through it. Certainly alcoa will kick it off. Last week we had that massive move and the mark set looking for a reason to give it back. It has to fill the gap on the 1420 with the s p before it can substantially move higher, from a technical point of view. You have to look at the open gap. I think the important thing is it is improving. We should hear from them on whether they see china improving and the outlook. You will hear that from a lot of companies. They will kick it off but they will want it hear the macro story. Whats the recipe for today within quickly . Recipe today was pasta fajoli. Oh, thank you. And so lowcalorie as well. Thank you. If the Death Threats werent enough to worry about, there are concerns among fed policy makers over the exit plan. Steve liesman is here on what you are hearing. How concerned are they . There is concern and it takes two forms, sue. Two separate fault lines that developed over the fed. You are well, that the easy one. The economy meeting what we call the substantial improvement in labor market quicker than others do. They are worried about substantial group in the Balance Sheet and adjusting it once they stave off inflation. Here is what they said about three different folks with the fed. Another group a few others say we need considerable policy. That is qe. But they frnt telling us how long it gez on for. This other group called several others that say it is appropriate to slow or stop purchases well before the end of 2013. They site concerns about Financial Stability or the size of the Balance Sheet. Here is what i understood to be some of those concerns. Big Balance Sheet obviously could lead to inflation. They could be at a loss or make payments to the bank. As Interest Rates go up, principal gez down. Payment to banks would come from interest on reserve in order to sequester those reserves. On the other side, those who are not concerned about the Balance Sheet unwind. They worry the fed could make decisions, not onq e, not based on economics. They say the balance so far is not inflation. Strict monitors have been wrong the past four years aep the fed can reduce the Balance Sheet it a natural runoff and quarantine reserves by paying interest on reserves. Good idea, never tried before. The fed would like it purchase assets but youve got to watch the upcoming meeting and comment made by officials in the runup it see who is in that several oerms group. Thats what i want to know and what noneconomic reasons are they mostly concerned about . Noneconomic is politics. Think about this and there is plenty of that to go around these days. So if the fed has it pay tens of billions of interest on reserves it would essentially pay banks not to make loans. Correct. Washington will have a field day with that. So the bigger this Balance Sheet gets, the more it has it pay the banks to sequester the loans. Keep this from becoming loans. All right, steve liesman, it is not easy to understand. But you did it. It is fun to understand though. Once you get your head wrapped around. The Security Team is proving to be controial. All set to speak any moment now as you take a look at the podium, the president will be there shortly. Lets bring it john har wood and john will lead us to the president. Jorge posada, lets start with the two choices. The sunday talk shows were filled with differing opinions on chuck hagel and whether or not he was going to make it through the process on capitol hill. It sounds like, at least from what we heard sunday, that itll be pretty contentious. Itll be contentious. He will have a challenging confirmation hearing. I do think at the end of the day it is likely that chuck hagel, former republican senator will get through and be confirmed but you never know, there are things in his background of which he offended both liberal democrats and conservative republicans and he will have to answer that to. But president s generally have a fair amount of latitude and wiggle room in selecting their cabinet. The president and susan rice opted not to pursue her candidacy for secretary of state in the face of opposition i think the president will not back down on this one and you can expect him to press very hard and ultimately i think success in the senate on confirmation. Let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didnt already on sunday morning talk shows. You were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. So what happens if we really get to the point where we go over, and what the next steps . What does the treasury do . Very difficult choices. The treasury would have to prioritize bill paying. They could do it by the day. Do it by the type of expense they are going to repay. Presumably sovereign debt would be repaid first. But given the fact this is unprecedented, never happened before, you could have the president reconsidering his assertion that he could not use executive authority. The president said he does not believe that under the constitution he can un latry raise the debt ceiling. But some disagree and urge him to do that. He said he will not negotiate with congress at all. So you have to think that is at east in the background. This briefing this morning said the treasury could exhaust the extraordinary measures tyler as early as february 15th, which is earlier than most expected. That a fight, this whole debt ceiling fight, which is coming, is one that will dwarf whatever is going on on the chuck hagel confirmation front. John, thank you very much. We will be back with you and the white house in a couple of moments as the president gets set to his announce secretary of defense and director of cia. Two major settlements in the housing industry, including bank ever americas 10 billion deal. Yeah, you heard me right. With fannie mae. We will have the details and what it means for you, the investor, after this short break. St find us online, youll also find us in person, with dedicated support teams at over 500 branches nationwide. So when you call or visit, you can ask for a name you know. Because personal Service Starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. Our support teams are nearby, ready to help. Its no wonder so many investors are saying. [ all ] im with scottrade. [ male announcer ] dont just reject convention. Drown it out. Introducing the allnew 2013 lexus ls f sport. An entirely new pursuit. Welcome back to power lunch . The president will take to the podium where he will announce his nominees for defense secretary and head of the cia. We carry theory that for you live when it does occur. A 10 billion settlement with fannie mae, bank of america up over the past year. Now trading at 1205, down 6 cents on todays trade. What does it mean for b of a . A quick look here, kayla . A big thorn removed from the side of bank of america. In it within two specific numbers. 3. 6 billion to cover fannie maes losses and buy back of loans it sold to the mortgage giant through 2008. Also b of a was one of ten banks settling for messy foreclosure practices in the wake of sub prime mortgage mess. And it opened services rights. But why is the stock turning south now after popping almost 3 premarket . On one hand, you have two cases settled on another. B of a expects to turn a modest profit next week. Analyst estimate 26 cents per share, the cost of these settle 789s. After a legacy, Merrill Lynch wiped out last quarters profit. There are still cases outstanding and investors are saying, what does that mean for how much money the company will report when it does have earnings . Investors were hoping more capitol to be on return. Tyler . Thank pup president is taking to the podium with nominees. And leon panetta behind him. Lets listen in. As president and commanderinchief, my solemn concern is the American People. Over the past few years, we met that responsible by ending the war in iraq, transitioning into afghanistan, decimating the al qaeda core and taking out osama bin laden. By disrupting terrorist plot and saving can countless american lives. Among an outstandings national Security Team, im especially grateful to leon panetta who led the cia and military with incredible skill. Leon, after nearly five decades of service, you have more than earned the right to return to civilian life. Ill have much more to say about leons distinguished service in the days ahead. Today i simply want to convey to you and sylvia, the eternal gratitude of the entire nation. Thank you so much, leon. I also want to thank michael month relo. In moments of transition hes guided the cia with a steady hand as acting director. Not once, but twice. And he is a consummate professional. As i said, everybody in the white house who works with him, everybody across agencies who work with him, considers him to be truly one of our most Outstanding NationalSecurity Team members. And so michael, on behalf of all of us, thank you. And mary beth. For your continued service. As these leaders know, the work of protecting our nation is never done and weve still got much to do. Ending the war in afghanistan and caring for those who have born the battle, preparing for the full range of threats from the unconventional to the conventional, including things like cyber security. And within our military, continuing to ensure that our men and women in uniform can can certain the country they love, no matter who they love. To help meet the challenges of our time, im proud to announce my choice for fwo key members of my national Security Team. Chuck hagel for secretary ever defense. And john brennan for director of the Central Intelligence agency. Chuck hagel is the leader that our troops deserve. He is an american patriot. He enlisted in the army and volunteered for vietnam. As a Young Private and then sergeant, he served with honor along side his own brother. When chuck was hit by shrapnel, his brother saved him. When his brother was injured bay mine, chuck risked his life to pull him to safety. To this day, chuck bears the scars and shrapnel from battles he fought in our name. Chuck hagels leadership of our military would be historic. He would be the first person of enlisted rank to serve as secretary of defense. One of the few secretaries who have been wounded in war. And the first vietnam veteran to lead the department. As i saw during our visits together to afghanistan and iraq, in chuck hagel our troops see a decorated combat veteran of character and strength. They see one of their own. Chucks a champion of our troops and our veterans and our military families pch as a leader of the v. A. , we thought to give our Veterans Benefits they deserved. As head of the uso, he voted for our troops. Having studied under the gi bill himself he helped lead the fight for the post 9 11 gi bill so todays returning heros can get their education too. Having cochaired our Advisory Board he knows our forces collect, analyze and depend on good intelligence. Chuck recognizes that American Leadership is indispensable in a dangerous world. I saw this in our travels together in the middle east. He understands that america stands strongest when we stand with allies and with friends. As successful businessman, he knows that even as we make tough fiscal choices, we have to do so wisely, guided by strategy and keep our military the Strongest Force the world has ever known. Maybe most importantly chuck knows that war is not an on stra obstruction. He understands sending Young Americans to fight in dirt, mud, is something we only have to do when necessary. It is geared towards the guy at the bot doing the fighting and dying. With chuck our troops will also know just like sarge et hague el was there for his other brother, secretary hagel will be there for you. Finally, chuck represent the bipartisan pra tradition that we need more up in washington. For his independence and commitment to consensus. Earn et the risk of military leaders, republicans and democrats, including me. In the senate i came it admire his courage, judgment, willingne willingness speak his mind, even if it wasnt popular. Even if it defied the conventional wisdom. That what i want on my Security Team. When it comes to the defense of our country, we are not democrats or republicans, we are americans. If rs each of us has a responsibility. Chuck has said. To not be guided by the interest of our party or president , but i the interest of our country. So chuck, i thank you, for agreeing to serve once more. In the interest of our country. Now while im on the subject of patriots, let me say a few words of john brennan. In john brennan, men and women of the cia will have the leadership of one of the most skilled and protected. The combination of smarts and strength that claims comes from growing up in new york. A 25year veteran of the cia. John knows what our National Security demands. Intelligence that provide policy makers with the facts, strong Analytic Insights and strong dynamic of the world. Given his extensive skpeps experience and travels, including traveling through the Arabian Peninsula where he campcamp with combat men in the desert. The desire for human dignity, driving so much of the changes in todays world. And he held senior management, analytic and operational positions at the agency. John is committed to investing in the range of technical capabilities we need. Technical and human. He literally built then led the intelligence. John lost colleagues and friends. Heros whose star grace the wall at langley. The last four years as my adviser for terrorism and security, john has developed and overseen our counterterrorism strategy. A collaborative effort across the government including intelligence, defense and Law Enforcement agencies. So think about the results. More Al Qaeda Leaders and commanders have been removed from the battlefield than at any time sips 9 11. Communications, recruiting, training, finances, all under enormous strength. All of which makes it harder to plan and carry out attacks against our homeland. Our entire team, including our exceptional director of national intelligence, jim clapper, will remain relentless against al al qaeda and its affiliates. In all this work, john has been tireless. People here in the white house work hard. But john is legendary even in the wlous for working hard. He is one of the hardest working Public Servants ive ever seen. Im not sure hes slept in four years. When i was on marthas vineyard, john came and did the press briefing in the summer, august. He is in full suit and tie. And one of the reporters asked him, dont you ever get any down time . John said, i dont do down time. He is not even smiling now. [ laughter ] there is another reason i value john so much, that is his integrity and an American Opinion he worked to imbed our efforts in a strong legal framework. He understands we are a nation of loss. And moments of debate and decision. He asked the tough questions and he insists on high and rigorous standards. Time and again he has spoken to the American People about our counterterrorism policies because he recognizes we have a stunlt to be open and transparent as possible. So john wuf been one of my close et vifors, great front, im deeply grateful for your Extraordinary Service. And im grateful to both ever you for your willing to take this assignment. Today i can say to the men and women of the cia and director john brennan, you will have one of your own. A leader who knows you, cares for you deeply and will fight for you every single day. And you have a leader that has my complete confidence and my complete trust. As i said, the work of defending our nation is never done. My number one criteria in making these decisions was simple. Who will do the best job in securing america . These two leaders dedicated their lives to protecting our country. Im confident they will do an outstanding job. I urge the senate to confirm them as soon as possible so we can keep our nation secure and the American People safe. So chuck, john, congratulations and with that, i want to invite each of these leaders on stage to say a few words, starting with mr. Leon panetta. First of all, let me express my deepest gratitude to the president for giving me the honor and privilege of serving in your administration. These last for years as director of the cia, and now a secretary of defense, i have been extremely proud to be part of your national Security Team, mr. President , and to be proud of what it has accomplished in your first term. Looking ahead to the second term, i want to commend president obama on his decision to nominate chuck hagel as next secretary of defense and let me also add as former director of the cia, to commend the president for his choice of john brennan. Ive had the opportunity to work with john in counterterrorism issues these last four years. He knows the cia. He will be a strong leader. Of that great intelligence agency. Ive also known chuck for a long period of time as well. And i had the opportunity to work with him closely. Particularly in his capacity, as chairman of the president s intelligence Advisory Board, i grately appreciate the work he has done to strengthen our intelligence enterprise. It has been extremely important to our ability to improve our intelligence kale builts. . Second of defense i also benefitted from his work when he served on our defense policy board. Chuck hagel is a patriot, decorated combat veteran, and he is a ded kadedicated public ser. I believe his judgment, deep understanding of the Security Issues facing this country, make him the right choice to be secretary of defense. As for me, after close to 50 years, of serving the American People, began in 1964 when i served as First Lieutenant in the United States army. And then, in both the legislative and executive branch positions in washington. The time has come for me to return to my wife, sylvia, our three sons, their families, our six grandchildren, and my walnut farm. Dealing with the different set of nuts. [ laughter ] i want to deeply thank my family for giving me the fullest measure of love and support during my many absences from home throughout my long career in public service. But i will leave washington with a very deep sense of pride. In what we have accomplished. During these last four years. Being on the president s national Security Team. As both director of the cia and secretary of defense, i have always believed that our fundamental message is to keep america safe. Keep america secure. And because of the outstanding dedication of our intelligence and military professionals, america is safer and more secure than it was four years ago and we have reached a turning point after more than a decade of war. And on that, as weve reached that turning point, weve developed a new Defense Strategy for the 21st century. We have, with johns leadership, decimated al qaedas leadership and weakened their effort to attack this country. We have brought wars in iraq and we will bring the war in afghanistan to an honorable conclusion. We have opened up opportunities for allamericans to serve in our military. And we continue to strongly support our forces, their families, and our wounded warriors. These are some of the achievements that i am proud of. Let me close by expressing my profound gratitude to the Outstanding Team of military and civilian staff and leaders that ive had the opportunity serve with at the department of defense and at the white house. In particular, let me deeply thank the outstanding men and women in uniform who ive had the privilege to serve and to lead. Those who put their lives on the line everyday on distant battle fields for this country. Their sacrifices teach us that freedom is not free. A strong democracy depends on a Strong Defense but you can also not have a strong and stable defense without a strong and stable democracy. As we continue to confront strategic challenges and fiscal austerity, my hope for the future is that the sense of duty, our Service Members and their families exhibit everyday inspires leaders of this nation to have the courage to do what is right, to achieve the american dream, give our children a better life and build a more secure future. Joe . Thank you, mr. President. Im honored by your trust and confidence in me and not unmindful of the immense responsibilities that go with it. I want to also acknowledge my wife, my daughter and our son, who is in chicago today. We hope. Back attending his first day of classes at depaul university. And my friend, leon panetta, thank you for your Extraordinary Service to our country, over so many years and so many capacity. You are one of the prehere Public Servant of our time. To follow you into the department of defense will be a most challenging task but i will try to live up to standards that you, bob gates, and others have set for this job and this nation. Let me also express my deep appreciation and congratulationses to my friend, john brennan, and to also acknowledge the president s confidence and trust in john brennan. Thank you, john, for your service and what you will continue to do for our country. Mike more rel when i have gotten to know, serving on the committee and as president noted, the privilege of cochairing the president intelligence Advisory Board with former senator dave borne. Thank you, mike, for your continued service. Mr. President im grateful for this opportunity to serve our country again. Especially its men and women in uniform and their families. These are people who give so much to this nation everyday. With stuch dignity and selflessness. This is particularly as important at a time when we complete our mission in afghanistan and support troops in military families who sacrificed so much over more than a decade of war. Im also grateful for an opportunity to help strengthen our country and strengthen our countrys alliances, global freedom, decency and humanity as we help build a better world for all mankind. I will do my best. I will do my best for our country, for those we represent at the pentagon and for all seasons. Mr. President , ill always give you my most honest counsel. Thank you very much. Lets bring back john harwood as we dip way from remarks of people who have been nominated or leaving office, including chuck hagel, and to. give us some reasons why he is regarded as a maverick. He will have to answer questions about his views on israel. Hes been more critical than most american politicians. Questions about his stands and how tough it is on irans. These are concerns that republicans have raised. He will also have to address concerns. He begun to do so about his stance on guy right because he said some things in the 1990s about an appointee that clinton had that concerns members of the guy community. Sew will have to address all of those. There are concerns on the left and right. But i expect he will be confirmed ultimately. This is a day to celebrate and the president says he expect the he is not rate to probably confirm. I have to say, before we get out, a nod to leon panetta who has been an extraordinary Public Servant. He had the line of the day where he said he will be retiring, returning to california with his walnut farm to work with a different set of nuts. Which is a reference to washington. He exhorted his soon to be former colleagues in government to be the right thing. I think he is talking about the sequester and debt ceiling and avoid whatever fiscal cliff is coming near us. Thank you, john. Appreciate it. We bettered our position is little bit on the dow jones. We were off better than 80 pointses. S p is off about and nasdaq down 10 1 3. Power lunch is back in two minutes. Joe doesnt know it yet, but hell work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. Hell start investing early, hell find some good people to help guide him, and hell set money aside from his first day of work to his last, which isnt rocket science. Its just common sense. From td ameritrade. Its just common sense. You know it can be hard to lbreathe, and how that feels. E, copd includes chronic bronchitis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily inhaled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. blowing sound ask your doctor about spiriva. Welcome back to power lunch. Here we have backed off rather large and we will continue to monitor the economy. If you look at the next set of charts, we have Investment Grade from barclays. Etf is a different story. Investment grade on oneyear chart doesnt look as good as the next one. Looking for 15 pretty big corporate deals for the week. Maybe as many as 25 billion worth of Investment Grade. So this scenario you will want it watch, especially to see how the secondary market reacts. Power lunch will return after the break. [ male announcer ] how do you turn an entrepreneurs dream. Into a scooter that talks to the cloud . Or turn 30million artifacts. Into a hightech masterpiece . Whatever your business challenge, dell has the technology and services to help you solve it. Welcome back. Gold closing down about a dollar or so. Bigger picture, the London Association forecaster said we will see gold prices that are around 1600 on average this year. They say the bull market, 12year bull mark set over. A lot of invote estors will fav silver this year ahead. Back to you. Thank you, sharon. Bob pisani is here at the new york stock exchange. Bob . You heard sharon talk about gold. Maybe the bull mark set over. Nicholas brookes is head of etf securities. He is based in london. Nicholas, thank you for joining us. Underperformed s p 500, gold at a fivemonth low or near it for now. What is your outlook for gold in 2013 . I think gold is still in a bull market but i think it is median to longer term bull market. What happens over 2013 i think will depend very much on what happens with sof ridge risk issues, both in the u. S. And europe and also in real Interest Rate policy. My gut instinct is they will be positive but perhaps not as positive as theyve been over the past few years. Let me ask you about a fund you have. You have a very interesting gold fund. This is the swiss gold shares. If you put that up for me, this is direct ownership of gold in switzerland. Is there people who need gold in switzerland versus london and new york . What is wrong with london and new york . Why would people want this fund . I suppose is depends on dwr why you are buying gold. A lot of people dont buy gold for a lot of reasons they dont buy in ibm stock or by copper or oil. A lot of them are buying it based on worst case scenarios. I dont think anyone expects the gold to confiscate gold any time soon but i think some investors with Large Holdings of gold want to diversify by custodian, and even by country of location. I wouldnt say that it is by any means a critical risk for anyone. But for investors that have Large Holdings, they want diversification and this provides some of that diversification while tracking the gold price in. Dollars. Very Interesting Group there. Check out etf securities. Look at other precious metal etfs. Nicholas, we will have to leave it at that. Sue and tyler, back to you. Thank you. Well take a quick break then talk with art from oppenheimer funds. He is responsible for investing an allocating 24 billion worth of things. So he has some very interesting advice when we come back after a quick break. Ive always had to keep my eye on her. But, i didnt always watch out for myself. With so much noise about health care. I tuned it all out. 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You were saying to me on the break that your fund flows go as follows. Not much going into, in fact going out into domestic equities, a lot going into bonds. Are investors doing it right or are they doing exactly the wrong thing . They are doing exactly the wrong thing. High quality bonds cant serve the purpose they used to in portfol portfolios. That is providing income and a buffer against volatility when riskier things like volatility goes down. They are either paying less than inflation. So if you pay a treasury bond, the treasury guarantees you will lose money slowly. So thats why we are talking about the new 60 40. A yield over and above the rate of inflation. Do you think there are opportunities with high yield as opposed to high equal snit. Yes. We think default risk is less than it historically is for 2013. So when you look at where the risks are, traeeasuries really have a lot more risk than people are used to thinking about them as having and higher yielding opportunities have less risk than people my words, not yours. Bonds overvalued are stocks, domestic stocks undervalued . To some degree. Im on old bond guy to i like to flip the pe ratio. The earnings yield on stock is high to its own history and at huge levels relative to fixed income levels. Im comfortable saying this is a another year when equities will outperform bonds. But investors have sailors on how quality bond side of the boat. At some point, those sailors start coming over to the other side. I dont mean to date you but you and i both this bull market has been going on for 30 years. Thats right. When i started, coupon at bond watt 14 . It marched down to 0. So i think we are done. From zero, cant go lower than that. Good luck in the new year. Hi, sue. Hi, ty. 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But the most watched, most wanl wa wage wagered game in history out there. How much is wagered out there. Now mind you it is about 20 of the super bowl but in terms of the teams it is interesting, sue, and i apologize for my voice. Notre dame is not affiliated with the conference, as least as of yet. They get 6. 2 million win or loose. Alabama has it share their entire bcs pool with the entire conference. The key though, beyond the fact, they get 6 million, they dont see an uptick in fundraising based particularly on this game but they will get it with sponsorships and reup hopefully with nbc in 2015 they get about 15 million a year from that and some say that could as much as double. Brian, what about the hints that ncaa, in fact the president or one of the chairman of it, are inclined to favor stippens to be paid to College Athletes above and beyond the basic sort of food allowance that i guess they get. It is ridiculous. New contract for pay offs will pay ncaa 470 million a year just for semifinal games and final. How do you give some of that back to players . They dont know how to do it. But the head of ncaa said maybe we can add 2,000 stippen for things beyond scholarship benefits. Scholarship on average is worth about 50,000 and when the schools take in millions they have to figure out what to do. But they cant just give them Profit Sharing here like notre dame or alabama. Because a, it isnt fair under title 9. And b, i dont think anybody wants it see the kids Walking Around with extra thousands or thousands of dollars. It probably wouldnt work out too well on campus. How is vegas playing it . They are saying alabama will win and win big. Spread is 9 1 2 points. And still, most of the money is on alabama. So people think that it is going to be a blowout. Thats not what i wanted to hear, brian. Listen, im with you and the thompson family. Take the point, sue. Take the points. Ill take the points and run with it. Take the points. Ninepoint win is pretty high. Brian, thanks. Well all watch tonight if we are not watching the memphis sacramento game tonight. Feel better, brian. We will get you up it date on the markets and get you ready for street signs at the top of the hours. Well be right back. With the spark cash card from capital one, olaf gets great rewards for his Small Business pizza [ garth ] olafs Small Business earns 2 cash back on every purchase, every day helium delivery. Put it on my spark card [ pop ] [ garth ] why settle for less . Great businesses deserve great rewards awesome [ male announcer ] the spark Business Card from capital one. Choose unlimited rewards with 2 cash back or double miles on every purchase, every day whats in your wallet . Office superstore ink retailer in america. Now get 6 back in staples rewards for every ink cartridge you recycle when you spend 50 on hp ink. Staples. That was easy. 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