Economics and the church. And how much home does a Million Dollars buy you in different parts of america. Our trademark Million Dollar homes feature is back. Main street edition. Meanwhile, sue, check in at the nyse where the selloff continues. Yeah indeed, it does. Thank you. Stocks in the red as investors chew over that budget deal. Many thinking that perhaps that will lead to some fed tapering. Were going to talk about that. The Dow Jones Industrial average is off 86 points at 15,887, the nasdaq is down 39 points, almost a full percent on the nasdaq and the s p 500 is down 13 points at 188. 64. We are moments away from the results of the key tenyear note auction, the last auction, last note auction before the fed and might give us some kind of indications if you will about whether or not the fed might be tapering or whether wall street thinks the fed will be tapering. Talk about this with Kenny Polcari and bob pisani. Kenny, you dont think theyre going to taper but the budget deal you think is key in todays trading . I think the budget deal is causing the weakness. As they say the devil is in the details. Theyre patting themselves on the back saying look what we did but no real guidance, at least not yet. I do think it lays the path for the fed to start to say, things are getting better, washington is coming together, we can start to pull back. I think theyre going to change their metrics to send the message to the community that theyre going to stick around for a while, that theyre not just jumping ship just yet and the market is prepared for that. One of the reasons we saw the markets weak, futures dropped about 9 00. Some comments out from several analysts saying the likelihood its inns creasing. Ed thinks the odds are 35 the fed may begin to taper in december. I dont remember what he used to have it at. He raised the prospects of it. That was widely discussed this morning. We keep having this conversation, its Ben Bernankes last meeting, right . Its his last appearance on the world stage. I just dont think at the moment that hes going to open that door . I dont think hes going to do it. I think its highly unlikely hell do it in december. Theyll lay the groundwork for doing it in january. Is it going to matter whether its december or january as long as they can delanate the difference between taper and tightening and they will draw a clearer line and find way to do that to change the Forward Guidance or not. May draw the line, whether or not wl wall street believes it or not is another thing. Breaking news in the bond market right now. Tenyear note up for auction. What does it look like, ricky . Not too good. Actuallyp. Cminus the grade. Lets look through the internals and the biggest assessing the grade for demand at 1 00 eastern on this nineyear 11 month auction was the fact that the issue mark pricing at 281 bid. Where did this price, 2. 824. Higher yield, lower price. That isnt what we want to see. 2. 61 bid to cover, 2. 61, chasing every dollar worth of security available, 9 cents below the average of 2. 70. We did see strong indirects but to me the best issue to assess demand is exactly how aggressive these auctions turn out, how far back they have to go to cover it. You can see the slippage on the rate. Back to you. Quick observation and then a question. You know, this year so far, bond fund mu fuel fund holders have pulled out almost 71 billion of capital so far this year and that is higher by far than the previous annual record outflow back in the bear market bond year of 1964 according to trip tabs investment research. What does this say about and it this tenyear auction say about the fed, its tapering and investors appetite for bonds . I think just on the surface, i call it a road process. The more redemptions you see, the more that translates into selling by those who held the money in those investments. The redemption comes, selling goes and i think that will continue to drive rates above and beyond all the other reasons many investors may try to say, you know, the economy isnt strong enough, the stock market goes down on higher rates, all that will mitigate the rise in rates, all true. But the peeling the onion is about redemptions and the selling that leads to it. As far as what this may mean about the taper i agree with kenny, i dont think were going to see it. If we see it its information about it down the road in my opinion. Steve liesman you get an aplus. Many i talked to on the floor dont believe that you would be as aggressive saying something is happening on the taper the next meeting unless somebody wases which perring it in your ear. You have everybodys attention. Maybe thats one of the reasons the auction was weaker. That is reporting. You nailed it, rick. Steve does a lot of serious reporting. Rick, thank you very much. Basically the message there from rick is, when the market speaks get out of the way because the market is far more powerful in the aggregate than any policymakers, et cetera. Lawmakers on capitol hill beginning to sound off on that bipartisan deal on the budget. Amman javers is in washington with the latest. This seems to me like a deal that was the least they could agree and the most they could agree on. Yeah, thats right. Kind of hits the sweet spot here. A two year diehl. Heres what theyre going to do in the aggregate. Get rid of about 63 billion in the spending cuts. Theyre going to replace those with another group of spending cuts, 85 billion in that pot over a longer time frame. Theyre going to say thats net net about 23 billion in deficit reduction over time. A lot of the leadership here really likes this deal. Speaker of the house jon boehner came out to talk to reporters earlier, asked about some of the conservative groups that have really blasted this deal already today and Speaker Boehner had some tough words for them. Take a listen. You mean the groups that came out and opposed it before they ever saw it . Yes, those groups . Are you worried theyre using our members and using the American People for their own goals. This is ridiculous. Listen, if youre for more deficit reduction, youre for this agreement. So leadership here likes the deal. They want to see it passed later this week, as early possibly as tomorrow but some of the rank and file republicans, particularly of the Tea Party Political stripe, didnt like what they heard when they were briefed by their leadership on whats exactly in this deal. Take a listen to some of that dissent as well. It is the typical endoftheyear deal ive seen in my three years up here. Its going to increase spending with the promise of spending cuts some time in the future. At the end of the day its going to increase the deficit, raise taxes and fees and its not going to address the longterm overspending in washington. So sue, bottom line, theyre expected to vote as early as tomorrow on this deal. It does look like it has the su support to pass by groups in the middle but a lot who dont like what theyre seeing here today. The markets agreeing with them. The market doesnt like what its seeing in that deal although we are off of our worst levels of the day. Appreciate it. Up town, dominic chu has a market flash. How about two companies with successful debuts. Valero Energy Partners up more than 20 . The company is an oil and gas pipeline operator formed by valero energy. The company structured as a Master Limited partnership. That Corporate Structure is popular among many of the Energy Pipeline and terminal operators. And also auto home, owner of the chinese auto websites rising as much as 83 after priced at 17 a share. A couple successful ipos in todays trade. Back to you. Thank you. So how should investors position themselves with tapering on the horizon. We welcome back joe on the floor of the nyse, Global Market strategy at Jpmorgan Funds and david is at citi privateba bank. Have you made any changes to your allocation if you think taper is coming coming sooner than later. It was a matter of when not if. I agree with what kenny said, its not going to happen next week. My guess is some time in the first quarter. That supports our view that risk assets are likely to outperform bonds over the next year. David, i know that you have like a 40 taper comes next week but you really dont think it will either. Yeah. I mean our numbers have moved up in terms of what we think is likely to happen. We think its probably a january or december event. We think that the markets, though, are under anticipating the sort of, you know, momentum thats there. Growth could be faster than people expect and i think people will have to look beyond the taper and really position their portfolios more aggressively in 2014. You still think people are holding too much cash, is that correct . Thats right. Especially among the sort of ultrahigh net worth clients. You see a disproportionate amount of cash waiting for opportunities and we think that strategy does not make sense. We think the market now has gone through a lot of changes and has really overcome a lot of difficulties in 2013 and even though our return forecast for next year are lower, the fact is our degree of certainty about them feels stronger. Yeah. You know, weigh in on that. Are you finding that your clients are still under invested . There are those who want to get into the market but theyve seen the phenomenal gains weve had this year and dont want to be the one that gets into the top either. A lot of investors asking themselves have i missed it, 20, 25 rally in the markets this year. Is it too late to get in . There still is opportunity but you need to temper your expectations. Still looking at Earnings Growth although i would echo what he said, probably not to the same degree of what we saw this year. Dividends coming in and multiples which is a wild card. Overall i think youre still looking at mid single dij its in u. S. Ek question it yous. Where would be your favorite place to invest globally. We still favor the developed worlds but within the developed worlds probably more upside in europe. I say this, obviously still a number of issues in europe but when i compare the u. S. And europe i see better valuations in europe and i think its a story about operational leverage. We talk about Profit Margins swri risen hitting their alltime peaks. In europe with a slow and modest recovery i think you can see better Earnings Growth. You favor the developed world over emerging markets as well. Thats right. I think we like europe but we really love the United States. We think its extremely well positioned with cheaper energy, now budget stability, and economy that can finally pick up a little momentum. We like japan and like europe. The dm over em theme, developed over emerging theme is important for 2014 because we do expect that when the fed does taper, the largest negative impact will be on the emerging markets that are really users of capital and we dont want to be in that space really during the tapering period. Very important point. Thank you very much, david. Appreciate it. Happy holidays to you. Joe, you as well. Thanks for coming by. Always good to see you. Ty, up to you. Thank you. New numbers on obama care enr l enrollment come as Kathleen Sebelius gets grilled on the hill once again. Bertha coombs has joined us. How are the latest numbers stacking up . They show that things are improving. Still nowhere near what the administration would have liked. A quarter of a Million People selected plans through the state and federal exchanges in november according to the latest Health Department figures bringing the total to 365,000 through november 30th. Majority still are coming on state based exchanges but more than 110,000 people managed to sign up on healthcare. Gov last month, more than four times we saw back in october. Now our team here at cnbc has been tracking the numbers reported by the individual states that are running their own exchanges. As of this morning we calculate that nationally almost 459,000 people have now selected plans to date with 107,000 of those coming in california, at about 0,000 in new york. This morning secretary sebelius announced that she is now calling on the Inspector General to investigate the flawed launch of the federal exchange and looking to appoint a new risk officer at the centers for medicare and medicaid. I will instruct this officer to look at i. T. And Contracting Management practices starting with healthcare. Gov and the risk factors that impeded a successful launch. Ill ask for an initial report in the first 60 days with recommendations on how we can mitigate risk as we move forward. Sebelius admits all the bad headlines with the faulty website probably dampened enrollment nationally and she had projected or at least her department projected back in september, tyler, that by this stage, they would have over 1 Million People having signed up. So well below that. People still have how long to enrolle . To march 31st to enroll because of the first year and the problems, its a six Month Enrollment period and have until the last day to sign up. If you wait until march 31st to enroll and get coverage, you might go three months of next year, from now on with no insurance, right . At least the beginning of next year. Then you would start in april presumably. This program was supposed to address the 40 some odd million americans who dont have insurance coverage. Weve signed 400,000. On the pay plans and thats what were focusing on. 800,000 through medicaid are coming through that as well. A different number. Thats not paid for the poor and people who dont have the means and who have low income. So those numbers are growing, but its the paid website and the paid enrollment where the Congressional Budget Office projected some Million People by march 31st. All right. Well see. Bertha, thanks very much. Sue over to you. Ty, as you know, Time Magazine naming pope francis their person of the year. The pontiff has been very vocal about globalization and the growing gap between the rich and the poor. We will talk capitalism, economics and the church when we come back. And mastercard is soaring in todays trading. Its up 4 now. The credit card giant announcing a 10 for 1 stock split and raising its dividend. Well tell you which other high priced stocks may split as well. Change engineering in dubai, aluminum production in south africa, and the Aerospace Industry in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 70 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. With investment information, risks, fees and expenses maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Time magazine selected pope francis its person of the year for 2013 calling him the most influential news maker of the past year. Just months into his papacy the pope is shaping the global conversation on a myriad of topics including his emphasis on social and economic equality calling out investors and the stock market. Here to talk more about the popes economic message is nbc reporter Anne Thompson and father matthew carnes, assistant professor of government at Georgetown University where he specializes in labor and social policy. Welcome to you both. Ann, how surprised were you at the popes message about ten days ago in which he really did have a very strong message about the acquisition of wealth and the stock market greed and so forth . Did this surprise you . Not at all. I think one of the things about pope francis that really i find remarkable, ty, is how consistent he has been about his message, about economic justice, since becoming pontiff of the catholic church. Essentially what he is saying is this whole idea that he who gets the most toys wins, thats not a viable economic system. He says the rich must help protect, defend and promote the poor. And that theres a responsibility that comes with great wealth. The responsibility isnt just to collect all the money for yourself, but to make sure that you use it wisely to improve the condition of others. And that is the heart of his message. It follows a theme hes been talking about for his entire pay pasy. I mean when i was on the plane to rio with him he spoke eloquently about the issue of youth unemployment and how it is in europe and south america and the importance of having a job, the dignity that brings to people. Hes not advocating some kind of handout social program. He believes in work and that work has a purpose and that it helps you both physically, monetary and spiritually. You know, father carnes, what of the things that is striking, i think, about this pope is not only his messages ann so eloquently detailed it for us, the fact that he walks the walk, he has put aside some of the trappings of his position and has led very much by example something that we Vice President se havent seen for some time. I think thats exactly right. This is a pope who was formed in south america which is the most unequal region in the world, a region that sees vast differences between rich and poor and he chose as bishop there, to be someone that walked and lived among the poor, that lived in a simple apartment, that got to know the people that made his shoes, that sold him his newspapers, these were Real Relationships to him and so all that he does is put a human face on this capitalist system we live. I think about what hes getting us to do is reflect on the system that sometimes goes unquestioned. Its like the water we swim in or the air we breathe and hes saying, look at it freshly and see the faces there. Especially the faces of those who suffer the most in it. Father carnes, your own academic interest has led you to latin america, argentina, peru, chile. I wonder how much you feel his own personal experience growing up in that culture in argentina has colored this message that hes brought to the world and how that message would be different if say he grew up in the United States or in germany as his predecessor did . Yeah. Thats a terrific question and i think youre exactly right. His experience in latin america formed him in this profound way. Had hes seen so many economic models tried and have fleeting successes and fail but hes seen some regular people get left behind, people at vulnerable moments in their lives when theyre young or unemployed or old. Hes focused so much on those three groups. You know, were he here in the United States we might see him talking much more about how prosperity needs to be shared. In fact, he just issued a brief letter for the United States yesterday saying that part of our role in society is to be a land of generosity. So for those who have received much, much then needs to be shared. If the experience hes seen of the poor has formed, be the experience he sees us of having prosperity and wealth should form us in terms of the way we respond to the world. Ann, one final question, how will he take his ideas and translate them into action quickly . I think he does it just by being himself. This is whats remarkable about pope francis. From a years worth of reporting there is no great pr strategy here. What he does is hes just being jen whigenuin genuine. Thats what attracts people to him and made him times man of the year. When you see him he walks among the poor. He did so on his visit to brazil. Hes urged the priests to get out of their get out of the sack cra sti, out of the parish, get among the people, get dirty. He wants them to have, as he says, the smell of the sheep. That is how hes going to deliver this message. Anne thompson, big notre dame booster sharing the podium with a georgetown guy. Go irish. Thanks very much father carnes and Anne Thompson. To dominic chu for a market flash. Thats. Royal bank of Scotland Group will pay 100 million to resolve u. S. Probes into whether the bank violated u. S. Sanctions laws against iran, sudan, burma and cuba. U. S. Authorities said on wednesday. Now the bank entered into agreements with the federal reserve, the Treasury Department and new York State Department of Financial Services so 100 million in rep pir ragss and fines and other financial consideration considerations. Those shares lower in the market today. Thank you very much. Believe it or not the fiveyear anniversary of Bernie Madoffs arrest. The ponzi king behind bars. Whats life like for him now . Our scott kohn speaks with madoff. Ponzi schemes still alive and well. Coming up, a mini madoff of the midwest comes clean. His biggest investors were saying your Bank Statements dont hold up. That story right here on power lunch. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. With the mobile trader app. Stick with innovation. Stick with power. Stick with technology. Get the new flexcare platinum from Philips Sonicare and save now. Philips sonicare. Im bethand 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. I wanna spread a little love this year i wanna spread a little love and cheer [ male announcer ] this december, remember provocative design and exacting precision come together in one powerful package at the lexus december to remember sales event, with some of the best offers of the year on our most thrilling models. This is the pursuit of perfection. The older i get the faster time goes by. Hard to believe its been five years since Bernie Madoffs ponzi scheme unraveled. Once a pilar on wall street it came to a crashing end. Scott taking us inside bernies world five years later. Bernies world is a prison in butner, north carolina, where he is serving a life sentence but as prisons go and ive been to a few as a visitor, this could be a lot worse. Spent two hours with madoff at the prison in january, the conversation off the record at his insistence but he looked good and was very much at ease, much different froms those infamous Court Appearances and perp walks in 2009. His hair is shorter, different glasses, put back on weight. I cant reveal the conversation at this point, and on the record email he sent me a month after our visit gives you a sense of where his head is at. Weve reported on this before. As remorseful as i am for the pain and suffering i have shamefully caused i take comfort in the fact that my assistance will, in fact, accomplish what ive originally claimed, that with my assistance, all of my customers will recover their original investment principle. Thats something that madoff trustee erving pick card and his chief counsel tell me is bunk. I think he would like to sort of turn his image around suggesting he had something to do with it and as far as irving and i know and everyone on our team hes done nothing to assist us. What is life like for Bernie Madoff . He has a job and cellmate. Telephone and email privileges but no internet and has plenty of books to read. Former inmate shawn evans described the place to cbss american greed. Its like wow, you know what im saying, i got to be locked up, but this is the place to do it. On this fifth anniversary of his arrest, Bernie Madoff seems to have gone silent. We havent heard from him since october. He does have time. His sentence has 146 years to go. We have a lot more about my morning with bernie at cnbc. Com plus later on the closing bell whats become of his victims and lots more madoff tonight on cbs prime with 60 minutes and the american greed special madoff behind bars. Sue . Thank you very much. Look forward to both of those. Bernie is behind bars but ponzi schemes are still alive and well. Cnbcs andrea day investigates. Reporter theres no telling just how many new ponzi schemes are lurking out there until they blow up. This time a man named gerard the mini madoff of minnesota. So many zeros there. A stunning confession. He saw the scheme tumbling around him and he had to get out. Reporter a massive ponzi scheme laid out for Mike Friedman and his team in minnesota. The master mind, gerard, now serving 96 months in prison after pleading guilty to 36 counts of securities fraud in 2011. He had about 53 million of these fake printing contracts. Reporter the scheme played out here in minnesota, looks like just the tip of the iceberg. We tracked him down in a courtroom in california, moved from his cell in the midwest to face 455 additional charges. About 200 million went through this particular ponzi scheme nationwide. Reporter like madoff, accused of bilking money from victims all over the country. Some of my friends and family have lost everything. They had millions invested into this. Reporter the story beginning in minnesota where gerard owned a small business. Minnesota printing service. By all accounts a lowkey guy with a high school education. But a big desire to strike it rich. I had no reason to doubt him. Reporter chris says he met him on the football field where their sons played for the same team. So when he told him about a way to make fast money he dove in. He sucked me in as a family friend and i wasnt going to question what he did. Reporter the pitch was simple enough. Prosecutors say he told inves r investors he had printing contracts with major corporations based in minnesota like target and at t. The promise, a 10 return in 90 days. The family was first to jump in. But prosecutors say he wanted more. Convincing friends and Business Associates to invest too. The entire ponzi scheme allegedly run out of his home and as the scheme grew, he used a broker in california to connect to wealthy investors. Orange county d. A. Mark hebrek. The loss is incredible, the number of victims is over 80, over 21 million in orange county. The money kept rolling in. For close to five years. He would use some of the money to pay off the earlier ponzis and use part of it for his lifestyle. Reporter prosecutors say he spent more than 7 million on real estate including this barn complete with a 1950ss style diner. He even a gocart track. Other properties were decked out with bowling alleys and home theaters. The cash also funding gifts for family and friends including millions to matt camons megachurch, tickets for sporting events and thousands more for a home arcade. He had 11 cars, last time i checked you can only drive one at a time. Reporter there was a growing problem. His business was just an illusion. None of these printing contracts were around, they did not exist. This was just a ponzi scheme being run all across the United States. Reporter and the scheme was about to come crashing down. His biggest investors were saying your Bank Statements dont hold up to what you say, whats going on. Reporter with a noose tightening prosecutors in minnesota say he decided to come clean. He basically told us his entire business operation. Reporter he pled not guilty to charges in california. I think weve learned something ha weve known for a very long time that when something seems too good to be true it often is. Reporter boyd johnson spent 12 years as a federal prosecutor in new yorks southern district. Hes a white collar defense lawyer at willmer hail and says even after madoff became a household name people are still buying into the scheme. There are always going to be ponzi schemes because unfortunately there will always be victims who need money fast. Reporter he believes well see more and more as they get harder to detect and unravel. No matter how effective a ponzi scheme is, at the end of the day its going to crash down. The problem is when the music stops, there arent enough chairs for people to sit in. Reporter and boyd says as consistent investment returns become harder to come by, the lure of quick and easy money to innocent investors couldnt be greater. Back to you. Andrea, thank you very much. To the bond market now. We have a soft tenyear note auction earlier this hour. Rick santelli is tracking the action at the cme. Give us an update, ricky. Yeah. It wasnt a particularly good auction. An you really pick it out on the charts, look at this intraday chart. You see the spike around 1 00 eastern, those were the trades after a very iffy on a demand scale auction. But if you open the chart up to november 11st you can clearly see you cant pick out today because the direction of Interest Rates has been steady, moving up at a steady pace. Heres the chart you want to Pay Attention to. Look at intraday dollar index. Notice that nub on the righthand side, thats significant. That touched unchanged on the year. Sue, back to you. Wow. Thanks, ricky. Appreciate it very much. All right. So how much home is a million bucks get you on main street usa . Well tell you on cnbcs Million Dollar homes main street edition coming up. The big business of drones. Josh lipton live in the midwest city of oklahoma. Hi, josh. Hey, sue. Yeah, were here in midwest city, oklahoma, at a drone conference talking about all the applications of these. Were going to have a lot more when power lunch continues. She loves a lot of the same things you do. Its what you love about her. But your erectile dysfunction that could be a question of blood flow. 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Ask your doctor about cialis for daily use and a 30tablet free trial. This is a fascinating story were about to tell you about. Mastercard skyrocketing since it went public back in 2006. Rising more than 60 this year. Look at that gain, 61 this year. Jumping again today by almost 4 the company saying its going to split its stock ten for one and raise its dividend by 83 . What other companies, dominic chu, could potentially do this kind of thing and we were just talking offline about why companies do it in the first place. Why they split. Had they split them because a lot of times it makes the shares more accessible to the general public. 1,000 stock is mot as easy to buy one share of as one worth 10. These companies, we found five of them that have high share prices, they could split but, you know, oftentimes they choose not to because of liquidity. Over here we have one fast food chain chipotle on fire as a stock, 522, a hefty price tag for one share of stock. Then a home builder, nvr which costs 969 just to buy one share of stock. Then, of course, some big brand names in internet, google, almost 1100 to buy one share of stock. And then theres priceline. Com, both of these companies have resisted that urge to split their shares and provide more flow to the public here. Thats big. But the grand daddy of them all has to be Berkshire Hathaway those class a shares dont split, still 173,000 per. The reason its important, is because it also promotes liquidity. The more shares you have outstanding, the easier it is to trade or traffic in them. On average 463 shares of berkshire trade a day and intel, trades about 30 million shares per day. Sue, this is a big deal for a lot of traders, especially brokers out there trading these shares. Absolutely it is. Dom, thanks very much. All right. Weve heard a lot about drones lately but they arent just for the military. Even amazon is thinking of using them for deliveries. Just how big could the business of drones become . Josh lipton is live in midwest city oklahoma with that part of the story for us. Hi, josh. Hey, sue. You say the word drone and a lot of people probably think of the militarys predators but there are big potential commercial applications for drones or Unmanned Aerial Systems as the industry calls them from farming to oil and gas exploration. By the end of the year the faa is expected to pick six test sites to collect data on drones. Oklahoma could be one of those sites. Private drone manufacturers say there is real opportunity for this industry. Ben kim ro the executive Vice President of tactical electronics. He sees a big market for his drones. There are really so many places that uas can be used anywhere thats dirty, dangerous, remote or austere where it would be unsuitable, unsafe or, you know, to put a human being. Now, by 2025, the Drone Industry says it could create 100,000 jobs and add 82 billion to the economy, so no surprise that a lot of sooners here are excited about the industry. Tyler, back to you. Thank you very much. Cnbcs very popular Million Dollar home competition is back. Today were going to show you what a Million Dollars can buy you on main street. Across the country when power lunch returns. Power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 70 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. A confident retirement. Those dreams, theres just no way were going to let them die. Like they helped millions of others. By listening. Planning. Working one on one. Thats what Ameriprise Financial does. Thats what they can do with you. Thats how ameriprise puts more within reach. For the year. Hi. Sorry. Just want to say, i bundled home and auto with state farm, saved 760 bucks. Love this guy. So sorry. Okay, does it bother anybody else that the mime is talking . Frrreeeeaky [ male announcer ] savings worth talking about. State farm. Welcome back to power lunch. Lab corp shares are tumbling after the medical tests company cut the lower end of its full year adjusted earnings forecast due to what it says is tepid demand and the Uncertain Health care environment. The stock of rival Quest Diagnostics lost nearly 5 in sympathy so both of these testing companies, guys, taking a hit in todays trading. Back over to you. Absolutely. Top of the hour, it is, is the American Dream back up and running . We have a great new stat on Home Ownership that suggests it may be. Also our guests are going to be picking three stocks, one you can buy for a 20 bill, one with a 50 bill and one yeah, you guessed it, one for a 100 bill. Those things an lots more coming up top of the hour on street signs. Hope to see you then. Back to you on power lunch. Thank you very much. Now cnbcs popular Million Dollar home competition, this is olympic style stuff, come on, folks it is back and all day were going to show you what a Million Dollars buys you on main street. We sent seven cnbc reporters to seven real estate markets to check out a Million Dollar home with basically a main street address. Heres how it works. Two Million Dollar homes go head to head, one moves forward. To make it interesting weve asked the reporters to reveal their locations. Weve reveal that after we take a look. In the last round delawares mammoth manor beat out rocky residence in colorado. Look at that. Thats nice. Now in round four, the mammoth manor takes on the lavish lodge. Diana olick and kayla tausche. This greek revival mansion is a history buffs dream built around 1850 it houses nearly two centuries of stories. Sitting on 2. 3 acres and facing main street in addition to the manor house you also get five outbuildings. This classic home set on. 4 acres has new englands style and charm. Built during the revolutionary war it includes twocar garage and side porch snoofts 7,000 square feet in this home, i wont lie, the kitchen is your renovation but with ample space and imagination its a chance to blend the old with the new using this original bread oven as your center piece. Will are eight fire places in this 3500 square foot home including one in the main kitchen. Downstairs in this second kitchen, are an array of vintage pieces from a bygone era when this town was home to the carriage industry. Upstairs are 11 potential bedrooms perfect for a large family or a b and b and this is where your story starts. Up in the attic they used to hide slaves traveling north on the underground railroad. Imagine waking up to this view every morning. Just steps away enter a private office and a bathroom with a new jacuzzi tub and thats just in one of the rooms. Three bedrooms, 3 1 2 baths. The real selling point is this grand main level with 13 foot ceilings and original stencils that match the stain glass. Should you get lost ring for the servants for the asking price of 960,000. Dont have a car. You can sail to this house originally built for a ship captain. Its private river front and expansive backyard put this town on your horizon. The price tag 1. 03 million. All right. We know the my wheels are spinning here. The mammoth manor is in delaware, you said camden. Lets get the locations of kaylas lavish lodge. I have two ideas up till she said river location i thought it was probably danbury, connecticut. Im guessing its down on like the navsink river in new jersey, like rumson, Something Like that. What do you think . You know, when she said the carriage industry that threw me as well. Im going to say maybe some place in vermont. Vermont. All right. Joining us now, i might even throw a danbury there. Real estate broker to the the super rich, dolly lens. Tell us if were even close. And also tell us which house is the better bang for the buck. Youre getting very close. Its in massachusetts. Massachusetts. The setting is just amazing. That house sings to me. I have to tell you. Is. A lodge. And to know it was a ship captains house. Which town . Aimsbury. I dont know where that is. Where is it . Its in amesbury. Its just a beautiful house. Eight fire places, lots of charm. On main street. To have a house on main street and on the water. Amesbury, massachusetts. Lets talk about the winner here. Which one do you think represents the better value . What do you think some. I think youre in love with amesbury. Im going there. Youre right. Im in love with ames bury but it represents a better value because its irreplaceable. To get a house on the water, with that kind of a view and all that charm, and be walking distance to everything on main street only two other houses in the whole area for sale. Thats why youre good at what you do. Dolly has figured it out. She has. Youll be back in the next hour to continue this competition and then the ultimate caged death match like mma. Youll be there refereeing. Exactly. That is i believe on closing bell. Now, let us know if you agree with this stuff. You can tweet us using the milliondollarhome and dolly will be on street signs, and she will crown the top house on closing bell. Sorry, diana. The lavish lodge is beautiful. Uruguay becomes the first country to legalize the growing, sale and smoking of mare wan fa. Should the u. S. Follow suit . Well talk about that. An italian maker of luxury puffy jackets is set to go public on the Milan Stock Exchange next week. Will investors cozy up with this company . Well talk about that in just a second. You stand behind what you say. Around here you dont make excuses. You make commitments. And when you cant live up to them, you own up, and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it when you know where to look. Anncr vo introducing the schwab accountability guarantee. If youre not happy with one of our participating Investment Advisory services, well refund your program fee from the previous quarter. While, its no guarantee against loss and other fees and expenses may still apply, we stand by our word. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. Some of the best offers of the year. This is the pursuit of perfection. Power rundown time. Frank and chu are back again. First up the finance question of the day, uruguay becomes the first country to legalize marijuana and its trade. Should the u. S. Follow suit . 5 2 say it will generate tax revenue for the government, 37 say its a bad idea and 11 say theyre sitting on the fence. What do we think of this . Bad for amsterdam but will are these if you join a smoking club in uruguay you can grow Something Like 99 plants. So you know, i think of americans are going to start vacationing there and residency there. Its going to draw a lot of people. Beautiful beaches in uruguay. If you let them do it you can tax it. This is going to be a great expert to see if the government can make revenues. And take it away from the criminals. Lets go to italys montclair, like my town that i live in, thats spelled the same way, spelling it wrong, come on, best known for 3,000 ski jackets, prices its ipo top of the range. Is europes economy better than we think . Heres the thing. The argument has been made, this is roberts wheelhouse the guys affording 3,000 puffy jackets are never the ones that affected by whats happening with the economy. Even though things are not good in certain parts of europe, there is always going to be, whether in europe, the u. S. Or asia, the ultrawealthy who can afford to buy these jackets. Look at that one. Thats a gorgeous jacket. Nice coats. My view on this, if you want to get rich right now invest in companies that sell to the rich. This company is just going gang busters in sales. Theyre expanding in asia, sales in the u. S. Have more than quintupled. This company is proof if you have a status brand with a great pedigree you can change anything you want. Wealthy will buy it. The hot ipos, brunelly cuccinelli. Up way since their ipos. I hear these coats are really warm. 2,000 warm . It doesnt matter. Finally, italy, the italian food im porium from the bell going on from chef mario batali and a chef opened an outpost in chicago, 2,000 visitors the first week alone, they had to shut town down the place for a day because it ran out of ed. First they became Celebrity Chefs and now created the pasta megaplex. I lived near italy in new york city and that place even though it doesnt have anything special because its a food experience, it is mobbed every single day. Its amazing what theyve done. I can tell you i live in the suburbs of new york city and there is a bastionitch place with an italy an a wine shop and that place is always going gang busters. May not just be about the economy. Maybe its ba tally. Frank and chu. Top stock winners of the day next. [ male announcer ] heres a question for you if every u. S. Home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes . 1 million . 2 million . 3 million . The answer is. 3 million homes. By 2030, investments in Energy Efficiency could help americans save 300 billion each year. Take the energy quiz. Energy lives here. [ engine revs ] [ male announcer ] the mercedesbenz winter event is back, with the perfect vehicle thats just right for you, no matter which list youre on. [ santa ] ho, ho, ho, ho [ male announcer ] get the allnew 2014 cla250 starting at just 29,900. 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 to power lunch. Check out afternear pharmaceuticals with a market cap of about half a billion dollars, trading four times its daily average volume. The drug failed a mid stage trial and reported fourthquarter results that fell shy of estimates. Those shares making moves in the market. Down over 24 . Thank you. The markets here down at the nyse really improving a little bit. Were down 55 points on the dow. About a third of a percent. The nasdaq is still the biggest percentage loser, down almost a full percent on the trading session but notably off of its worst levels of the day as well. And the s p is too. Some top s p 500 winners today, skrips network up. 5 , might discovery be making a bid for that company. Mastercard, the 10 for 1 split, up almost 4 and a good gain for Urban Outfitters up almost 4 as well. Some green arrows in an overall red market today, ty. Very interesting. Im going to Say Something crazy here, i am going to be watching the vote in the house of representatives and the senate on this budget deal very, very closely. To me it aint no sure thing. Thats all for power lunch. Street signs begins now. Drop it like its hot drop it like its hot thats what we call the quiet open and apparently stocks can go down after this years run, we almost forget that it could happen. But is it about to happen in a big way next year . Hi, everybody. Your other hot topics, why your house is likely to be worth even more next year. The best stocks to buy right now at three different price points. Were going to be naming names and why a