Plunging. Silver is bearing the brunt of that down almost 3 now. Silver has plunged more than 20 in just the past three months and gold is at a 4 1 2 year low getting closer to the 1,000 level. How low prices might go, is it a buying opportunity . Tie is on assignment so simon hobs is my partner from the new york stock exchange. We set a new record on the Dow Jones Industrial average earlier and we saw new high for the dow utilities. Lets look at where we are trading at the moment. Visa is the top gainer in the dow up 92 points. We have seen the Energy Sector do well and the utilities on the Broader Market both in response to the huge moves that we have had in energy and oil in particular. Joining me more on the training action is bob pisani on the floor of the nyse. S p up 0. 5 . We did have a nice move up in the middle of the day off of our lows corresponding with reports of a disruption in a saudi pipeline. We are waiting for clarification on what happened there. Brent moved up. The s p moved up a bit. Speaking of Energy Stocks, a lot of comments from Energy Companies. Eog, their Drilling Program will remain profitable and they talked about numbers much lower than that even in the 40 oil range. They have 10 profits. Got a lot of comments this morning up 6 . Pioneer Natural Resources talking about production growing in the u. S. Regardless whether oil is 70 to 80 they grow production through 2016. I think that is happening because they are doing an Equity Offering so there are concerns there. We have stocks at new highs. A lot of people asking if there are bargains out there. I can tell you that gold stocks are in historically oversold condition. I mean way off the charts oversold right now. That doesnt mean they are necessarily a buy but oversold i havent seen levels like this in a long time. Another group is in the materials group. Iron ore stocks have been oversold for a long time now. I dont mean to buy them you have to believe it is a play. They are dramatically oversold. Traders look for that as buying opportunity. To do it now you would have to believe there would be a turn around. China is slowing down. Im not sure on the fundamentals you would want to buy into that. Never buy just on technicals is my point. Sue, back to you. A number of sectors that could stand to get a boost from the republican win we will profile three of them. Dom is drilling on energy for us. Here is what we got. A reason why Energy Stocks are going to be a huge focus for investors on the heels of this republican controlled congress. Many believe the Energy Policy will be front and center for the party. Dan clifton says Energy Policy has become the main Economic Policy for the party and among the things he sees is the approval of the keystone xl pipeline. That could be a huge benefit for Companies Like trans canada. They are a calgary based Company Behind the Keystone Pipeline network of oil pipelines. There could be more exploruation and production all over the place. That means more drilling. They highlight cabin oil and gas and oil services Companies Like here. They can potentially benefit if the oil and gas business starts to boom a little bit more. The opinions and predictions will vary. There seems to be a general feeling that companies that will fare better in the current Republican Congress could be the Energy Sector overall. And keystone probably will be up for debate in february. That is the latest word. We will see you again in just a little bit. Simon down to you. 94 points on the dow. Stocks surging after the republicans took control of the senate in the mid term elections. We have the dow hitting another record high on the session. So is this the next leg of the bull rally . Ron sloane is chief investment officer. Burns mckinny is portfolio manager. Welcome to the program. Welcome. Thank you very much. As we work our way through the next few hours with the president speaking at 2 50 eastern time, both sides are going to lay out what they now want. As far as the market is concerned, as far as the objectivity of what will move stocks higher, what do we need to see . I think that what we probably expect more than anything is a little more of a conciliatory tone. The conventional wisdom is when you have a democratic president and a Republican Congress we will have grid lock. We dont feel that is likely the case. We do have a president that wants to cement his legacy and a Republican Congress that is auditioning for trying to get to the white house in 2016. Generally speaking i think what we are more than anything we think is positive is the fact that when you have had a Republican Congress and a democratic president that led to returns of 15 which should be positive for stocks Going Forward. Burns put the idea out there that obama wants his legacy to continue for two years and work with him. The conservatives in the gop wont prevent compromise. Others would disagree. I think that the bullish argument from last night would be hopefully less grid lock and maybe the less grid lock would lead to some sort of unleashing of the term whether janet yellen or other folks have talked about, the animal spirits of capitalism. I think that is the missing ingredient here in this whole recovery. So with kind of loosening of the ties that have held down things and perhaps less grid lock we can regenerate animal spirits. You really feel the animal spirits across the country can be invigorated by the politicians. It is not a question that people have gotten disheartened about where the economy is going. Certainly we have given them no evidence that that can be unleashed to date. That is the great hope of what we just experienced. There is a lot of trial balloons that have been let go by the republicans whether it is the Keystone Pipeline or oil exporting, whether its Corporate Tax reform. There is a repatreuation. All of these things combined i think tip the balance here and i think could lead to some significant expansion by industrial america. That certainly would be huge. One last question. There is the prospect that janet yellen and colleagues at the fed will face fairly rough congressional hearings. Some say in order to preserve the independence of the fed you might find them becoming more defensive. Maybe they talk up the possibility of Interest Rate rises sooner. Do you follow that . Do you believe that . Is that market negative . I think there is actually forces at work that may counter balance that. What we have seen so far since Election Results have been a stronger dollar overall. What a stronger dollar means is lower prices for exports and commodities which helps rein in inflation. That suggests the fed might have the ability to keep Balance Sheet looser longer. You could see Interest Rate sensitive names rally a little bit. That should be positive for utilities and dividend paying stocks. Interesting. Thank you both for joining us. In the wake of the gop results. Thanks. Time warner shares spiking. The media giant raising guidance saying turner and hbo had double digit increases on the success of sports and new shows. The company saying hbo is well positioned to grow both cable subscriptions and add subscribers who dont pay for cable tv. Still up over 3 peace cor . The oil market is a bit higher today coming off of the best levels of the trading session. West texas intermediate crude is up. There was a pipeline explosion in saudi arabia. It is under control. It was not a terrorist attack. That was some of the worry in the market that boosted oil according to reuters quoting a security source. Oil has plunged 20 in the past three months. What happens to u. S. Crude production or what happened the last time . Michelle carusocabrera is here taking a look at that. Producing oil in the United States is more expensive than parts of the middle east. We wonder if there is less investment and less production. Last time oil fell it was during the financial crisis. Look at the huge decline down to roughly 35 a barrel. In 2008, 2009 the king of saudi arabia said we hope Oil Goes Back to 50 at some point. During this time period what happened in the United States to u. S. Crude production . We want to show you two areas. Two things to remember, the declines we are talking about are nowhere near as the declines back then. The Shale Oil Revolution was in the infancy. Look at the permian basin. Only for a few months did net production go negative. The production slowed down enough that it didnt offset the slow down in old wells. Say ditto with the shale in north dakota, as well. You can see barely negative and then fully recovers. Citi has done a lot of research and analysis about what it would take to really slow down production. They say 50 per barrel means Production Growth flattens. 70 per barrel and you have a slow down in growth but you still have growth. That is below the levels where we are right now. So it is future production that gets reduced and investment that gets reduced but not startling and history doesnt tell us it would be dramatic. Put on your currency hat. Big news out of russia. The central bank is basically not supporting the rule. They cried uncle and gave up. They said they were not going to defend the currency anymore. Here is the twoday chart. You can show. We always show the dollar. At the bottom what you see is the dollar strengthening dramatically. They have currency leaving the country. Massive. People are frightened to invest there. The currency has fallen dramatically in the last year. Look at that. The dollar has gained 37 . They were spending a lot of money trying to change that. They said they are not going to bother anymore. What a dramatic statement. They said we are going to let the market set the price at this point. It is an indication of what a tough spot they are in. Absolutely. Thanks on both fronts. Speaking of markets, the dow hitting triple digits, near session highs. The republican sweep of the senate the major headline today. There were plenty of smaller races of particular interest to Silicon Valley. Next on the show we look at the tech winners and losers in the mid terms. Today could be the day. The day we give you hope. Relief. A cure. Today, we believe every life deserves worldclass care. As one of the top four hospitals in the nation, over 100,000 people from around the world come to Cleveland Clinic for care each year. And were ready for you with a Second Opinion or a sameday appointment today today today and everyday. Call today, for an appointment today. Welcome back to power lunch. We want to call your attention to the bottom ticker. We are at session highs up by about 100 points. On the heels of the republican sweep throughout the course of the elections that we had last night. Watch the dow session highs up 100 points so far. One of the stocks we are watching are well Care Health Plans at session highs after the u. S. Health insurer reported a better than expected Third Quarter profit driven by increase in memberships under Affordable Care act. The stock up by nearly 6 . Earnings beat as per share profit came in ten cents above estimates. The video game maker raising outlook on upbeat business for world of war craft franchise. Trip adviser getter slammed after reporting earnings that fell 12 cents short of estimates. The website hurt by a jump in marketing expenses. Toyota raising forecast by nearly 10 driven by declining value of the japanese yen. The big story in last nights election was the republican sweep of the senate. There are plenty of smaller races taking place that were of particular interest to the tech community. Here to run down winners and losers in Silicon Valley is eric. The headline is going to be grab by. The super pac which was financed by zuckerburg and bill gates, the main aim of which was to ease restrictions on the h 1 b visas. Where are we on that now . This is a perennial tech issue. I remember talking about it ten years ago. You get nonu. S. Engineers coming in from india and elsewhere in asia and other countries. They get their advanced degrees and would like to stay but they a difficulty getting one because there is a ceiling, a defined number of visas that the government hands out every year and never seem to be enough. Engineering jobs begin to be more expensive and have to spend more cash to attract more talent. The republican sweep is not what they wanted. This is not playing to them. Republican voters have sort of this visceral response to the notion of Foreign Workers coming in and taking american jobs. It is a much more nuanced argument than that. I can point to a number of excellent, very well qualified engineers and ceos now who have started their own companies who were not born here but got in on the h 1 b visa. There is part of Immigration Reform that the president feels he can do with an executive order. We know he held off doing that before the mid terms and maybe he will Say Something when he speaks this afternoon. I assume this is a completely different issue. What you are talking about is a more comprehensive reform that is not under his power, correct . Basically pushing for a larger more comprehensive reform that attacked all different issues but the root cause was the h 1 b issue. Republican control is just not helpful. The organization has had other issues and difficulties with leadership. We will see them try to refocus for the next cycle. We had other things to discuss such as mark udall losing and what it meant for the nsa. Im afraid the clock has beaten us. Thank you for joining us. Thank you so much. So what is on the agenda for the gop now that they control the senate . And what cards do the democrats have left to play with the new deck that they have been dealt. Lets bring. You talk about the cards the democrats have to play. One of the them is the veto power of the presidency even though republicans control house and senate. The big question now Going Forward is will republicans and democrats find a sweet spot where they can compromise on a couple of items and get something done or will we see a flurry of vetoes. Start on the republican agenda where we might see Movement Starting with tax reform. That is a big one for republicans and democrats, as well. If it is revenue neutral and how you define that is the question on tax reform. That can be very tricky. On trade we see the president leaving for a trip to asia. Trade could be an area where you might see the president asking for and possibly getting from a Republican Congress fast track authority. On energy and oil republicans wanted the Keystone Pipeline for years. One question is will they get it now that they have the senate in the house. Will barack obama sign the Keystone Pipeline bill . That is a possibility. That is the gop agenda. The democrats face a completely new landscape. What is their agenda at this point . What do they think they can accomplish . The trick for the democrats is that they cant use congress the way they have in the past in terms of obamacare and passing legislation that they would like to see. They will be on defense with the president having the white house. The attention is going to shift quickly now to the 2016 campaign and potential Hillary Clinton candidacy. Of the area where there might be room for compromise, immigration is a possible one. The president had said he might take unilateral action. He pushed it off until after the election. The decision that is now on Barack Obamas plate is whether or not to do that unilaterally during the lame duck session between now and the end of the year or wait for republicans to come in and try to push an overall election bill. That could be a stretch. And then infrastructure spending. We saw the democrats having a big event here in washington back in september on infrastructure. They would like to see more spending there. Republicans, though, generally wary of anything that has spending attached to the name. So maybe not so much room for progress there. Thank you very much. In just over an hour from now we will get the president s take on his partys defeat in the senate. We will bring you that News Conference live at 2 50 p. M. Eastern time when it happens. Four states had the opportunity to Bring Marijuana further mainstream and possibly to main street in the mid term elections. Did they . Thats next. We want you to weigh in. Do you think marijuana should be legalized across the United States . Go to cnbc. Com vote. Dominic chu with another sector benefitting from a gop sweep. So we talked about energy and you heard the mention of Affordable Care act. Health care companies, how do they fair with the Republicancontrolled Congress . We will take a look at those views after the break. Metimes. 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 in this spirit that ingu u. S. Is becoming a new kind of company. One that helps you think differently about whats ahead, and whats possible when you get things organized. Ing u. S. Is now voya. Changing the way you think of retirement. But what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. We have been highlighting sectors and stocks impacted by the gop sweep. No secret the gop wants to take a hard look at Health Care Related issues. Medicare could be one of the fronts says dan clifton. He knows republicans have been campaigning against cuts so lawmakers can look to restore parts of those programs. Medical hardware, medical device makers of things like hip replacements, they could see reductions in tax rates that they have to pay. You talk about humana and then Boston Scientific among companies highlighted is striker. That is on that front. If you take a look at the big pharmaceutical front look for these kaecompanies to benefit i republicans can help them. Eli lilly is a possibly beneficiary here. Interesting notes here on who benefits on the health care side. We should mention speaking of health care that we have an interview with Johnson Johnson ceo live in the next hour of cnbc on street signs at 2 00 eastern. Four states had the opportunity to Bring Marijuana further mainstream and possibly to main street in the mid term elections. Did they . Kate rogers has been wrapping up the key votes. I know you want to weigh in here. Cnbc. Com vote. So yesterday oregon, alaska, washington, d. C. Are now joining colorado and washington in legalizing recreational pot use. This further solidifies the place on main street. Those who still question the industrys legitimacy take a look at the stats. In 2014 the legal and wholesale cannabis industry at 2. 6 billion. It is expected to top 10 billion in the next four years. That was before these new states joined the band wagon. In colorado, the first state to legalize recreational use, once the other states see how much cash is to be made it is likely that more initiatives will crop up. Setting up a pot shop is rife with hurdles. Itemizing your taxes isnt an option. This is because the drug is still illegal under federal law and getting financing is a problem here to open up shop because banks are weary of doing business with people selling the drug. We will see how it goes. Look at the vote. This is very interesting. Lets lock in the viewer vote. Do you think marijuana should be legalized across the United States, 83 of you said yes. Only 17 said no. Pretty decisive vote. People are in favor. Thanks very much. Simon, down to you. That is daytime television for you. Rchlt gold sinking to a low and silver taking a beating. Where do metals go from here . Thats the question. A tough day for the metals by all accounts. Gold down more than 20. In the last two weeks alone gold lost more than 100. It is a staggering move. Joining me to talk about it is john, the strong dollar is really at play here. What do you think will happen to the dollar and where does gold go from here . That is the story with gold. You want to know what the dollar is doing, do the opposite with gold. Since december 2012 gold is down. It is kind of picture perfect. You have to say what is the dollar going to do. People keep feeling it is a crowded trade. If you faded that in the past two weeks it has been fairly painful. That is the thing. A lot of people thinking the dollar index could strengthen from here. I know you said it is hard to pick levels for gold. If you have to do it, where is gold going . I think the level of 1100 is important. 1050 is really important. I think we have to get above 1180 to get a bounce out of it. On silver taking a beating worst than gold right now. The silver market has a lot more longs still in play. There was the long overhang. As gold goes silver and silver will decline a little bit faster. Thanks so much. Guys, back to you. Thank you. Lets go to market flash. Lets talk about casinos. Check out what is happening with wind resorts. The stock is continuing to move lower in the wake of revenues coming for the month of october. They drop a record 23 from the same time last year. Today it was downgraded to under perform rating. The stock down 3. 5 . Other stocks down, as well. You look at mgm, las vegas, a bunch of them down still on the day. Back over to you. Absolutely. Lets go to the bond market in chicago. Rick santelli tracking the action. Its not an aggressive day for treasuries but somewhat enlighteni enlightening. With the fed holding so many securities we see the market discovery price process gives us a lot of credibility assessing strength and weakening. Market was disappointed at 10 00 eastern. It was a bit impressed at 8 15 eastern. Jobs was pretty good. Nonmanufacturing Service Sector wasnt as good but a lofty level at 57 handle. Euro versus the dollar what is that saying about tomorrow . Quantitative easing takes a big bite out of the currency and the euro is under pressure. Look at the dollaryen. Think backwards. Think yen dollar and place that on top of a nikkei chart. That relationship is significant. Weaken your currency and get a stronger stock market. Is it really a good thing . We will see in the future. Sue, back to you. Thank you very much. As you know there is generation x. There is generation y and there is generation now. Add to that an aging population and Brand New Technology and the landscape for Financial Planning is anything but straightforward these days. What it means for the investing landscape when we come back. So ally bank really has no hidden fees on savings accounts . Thats right. Its just that im worried about you know hidden things. Ok, whys that . No hidden fees, from the bank where no branches equals great rates. Theres confidence. Then theres trusting your vehicle maintenance to ford service confidence. Our expertise, technology, and high quality parts means your peace of mind. Its no wonder last year we sold over three million tires. And during the big tire event, get up to 140 in mailin rebates on four select tires. Dad,thank you mom for said this oftprotecting my future. You. Thank you for being my hero and my dad. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance could be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. Welcome back to power lunch. Nu skin tumbling after the maker cut its Current Quarter profit and Sales Outlook hurt by the strength of the dollar. We hurt that story before. It is trading by about 15 . Chuys plummeting after the chain reduced guidance down by about 30 . Investors tough on these stocks. They dont think they are making the grade. A lot of people ask me what influences the elections have. We are seeing modest moves up in energy. It seems to be moving in relation to the movement in brent crude that we saw earlier in the day seeming to be related to incidents with saudi pipe lines. We are waiting to get clarification on that. That is the leader here. Utilities, materials, consumer staples. We had a great ipo today. A massive limited partnership. They own pipe lines in the marcellus shale. It is a big area. The price is 19 to 21. It opened at 30 and change. You can see it there. Nice debut for them. There is a lot of talk about 2015. Here is information from the Stock Traders almanac. Since then before the president ial election the dow has not posted a loss since 1939. That is an amazing statistic. 2015 will be the fifth year of five. That is the best year of the decade going back. Dow is up an average of 28 in years ending in 5. People are into the seasonal plays, not just november and december. They are trying to figure out what 2015 might look like. Those kinds of numbers get a lot of talk. Thank you very much. Most of the major indexes are higher with the exception of the nasdaq. Lets get to Morgan Brennan with more on the action there. Trip adviser. Thats right. It has been a see saw day. We are down about eight points to 4,614. We have seen elections and energy really moving other parts of the market. Here it is really all about the earnings. We had a boat load of Companies Report with more on top after the bell. You mentioned trip adviser, another big mover to the down side is fire eye. Missing on revenues and issuing Forward Guidance that disappointed the street. That stock is down almost 15 . Another loser is zulily also projecting forward sale guidance. That stock down 20 . Mondelez is gaining after a hefty 11 cent beat on profits. 21st century fox beating on top and bottom lines. One more for you, it services Cognizant Technologies up by 7 after strong earnings and strong guidance. Three more names to keep an eye on as we head to the close that are reporting after the bell. The first is quaalcomm also tesla and solar city. Those are big momentum names and both are in the red ahead of the results. Thank you so much. Charles schwab releasing the annual independent adviser study. The topics include advising an aging population and effect of new technology. What does the future look like for the Financial Adviser . Bernie clark joins us from the schwab Impact Conference in denver. Nice to have you here. Thanks for having me on the show. Thanks for joining me. Pleasure. This was your 16th annual survey. You talked to about 740 advisers. That is quite a big group of people. You know, it seems to me that one of the big issues that you uncovered is they are trying to find the next generation of Leaders Within the industry. Is that a correct read . Absolutely. We have been talking about succession within firms for quite some time. Over 70 of advisers tell us they want to manage and be part of legacy firms and finding the next generation and getting them into the right Leadership Programs is critical. I would say finding the generation after the next generation should be underway, already. Some of the other things we will take a look at right now. 49 have identified the next generation of leaders which you just mentioned. The landscape is getting more competitive. Tell me about that. It certainly is. You can see the vast movement that has come into the r. A. Space. It has been the Fastest Growing segment in financial services. It is 4 trillion in assets and yet competing for the new dollar is always critically important. These clients retain 97 of the assets. They have a ready made sales force that works on their behalf and is engaging referles. We are taking a look at some of the other factors. Millennials and gen xers. That has been one of the issues because they are under invested because they dont trust wall street. You know, they are under invested. Think about how they grew up. They basically were coming out of school and starting their first jobs right around the tech bubble in 2001 and then 9 11 and the geo political events and then as you move on and they are getting towards second careers clearly they started heading into a period of time and then the recession hit and that was a critical, difficult period of time for them. They are trying to move cautiously. They have seen their family and friends lose jobs and homes. They are going to move forward making sure they dont find themselves in a similar situation. I will skip down to the Market Outlook because that was such a big group of people that you interviewed. 65 think the s p will increase. 74 expect the Market Correction and 64 say Interest Rates will rise. Very interesting findings. We will see whether or not that 74 looking for a correction are right or not. Nice to see you again. Maybe we saw that a month ago. Thats true. You got it. All right. Appreciate it. Simon, down to you. Three sectors could be impacted by that gop sweep. We have highlighted energy and health care. Dont miss that live News Conference from president obama at 2 50 eastern. Cnbc will bring it to you live. Shes still the one for you. And cialis for daily use helps you be Ready Anytime the moment is right. Cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. 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Even she could do it. Whatever, janet. For all the confidence you need. Td ameritrade. You got this. What if we finally had that would be amazing. Hey, what if we took down this wall . What if this was my art studio . What if we were preapproved . Shut up from finding to financing, howd you do that . Zillow. Today could be the day. The day we give you hope. Relief. A cure. Today, we believe every life deserves worldclass care. As one of the top four hospitals in the nation, over 100,000 people from around the world come to Cleveland Clinic for care each year. And were ready for you with a Second Opinion or a sameday appointment today today today and everyday. Call today, for an appointment today. Check out hsn shares, the Home Shopping retailer run by mindy grossman. The stock hitting a fresh high on the back of the 40 Dividend Increase. Dow jones says dropping the company saying the Dividend Increase makes a near term transaction less likely. The shares up by about 5 on the days trade. Mortgage applications to buy a home finally rose last week but so did Interest Rates. Doesnt make a lot of sense which is why we called in diana olic. She will explain it with the help of a cool interactive map. I will tell you why it doesnt make sense. What drives housing today is not rates but price and supply. National numbers dont tell us that much anymore. Going local is crucial. Knowledge is power. That is why today we are launching the brand new real estate recovery watch map that will live day and night on cnbc. Com. It will give you prices, inventories and insightful comparisons of over 100 local u. S. Housing markets. The map gives you a striking picture of how the recovery has shifted from just two years ago to today. You can take it back to 2011 which is just before prices hit bottom. Then, go super local to san diego, for example. Prices there are up 8 from a year ago but inventory is up a whopping 31 . We know the california market is slowing and price gains are easing. Given the new supply you can get prices will ease even more. The question is, will they go negative . Move your cursor to houston. Prices there are up 14 . Inventory is down 18 . If demand continues as it has been prices will likely go higher given the short supply. As investors move about the country, all of this will change and we are always watching it. You can, too. I think it is fascinating. I think it is a great tool for people. We were just talking about the fact that the holidays are coming up. We are heading into winter. Fewer homes go on the market during that period of time. What is that going to do to prices . They go fewer historically. Nothing in this Housing Market is historical anymore. We are hearing that there are more homes coming on to the market now than is usual during this holiday season. As we see the inventory come up we will see prices perhaps ease up more because there is more to choose from. Great to have you here. You have to come up more often. Simon, down to you. Republicans dominating the mid term elections. Will it be positive for financials . So the banks are very big focus. Can regulations maybe be front and center for the republicans . Could they ease doddfrank and others . Maybe. Well see what experts say about the prospects for those banks. That and more coming up on power lunch. Keep it right here. Tigers, both of you. Tigers . Dont be modest. I see how youve been investing. Setting long term goals. Diversifying. Dip you got our attention. We did . Of course. Youre type e well, i have been researching retirement strategies. Well thats what type e s do. Welcome home. Taking control of your retirement . E trade gives you the tools and resources to get it right. Are you type e . And youll see just how much it has to offer, especially if youre thinking of moving an old 401 k to a fidelity ira. It gives you a wide range of investment options. And the free help you need to make sure your investments fit your goals and what youre really investing for. Tap into the full power of your fidelity green line. Call today and well make it easy to move that old 401 k to a fidelity rollover ira. I have 40,ney do you have in your pocket right now . 21. Could something that small make an impact on something as big as your retirement . I dont think so. Well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. Welcome back to power lunch. We are going back to sector economics. Dom is here. This time financials. How are the banks going to be impacted by the the banks have been under pressure. We know this for quite some time. A lot of this having to do regulations. A Republicancontrolled Congress could see less pressure being brought to bear on the banks. Not many experts believe that regulations like the doddfrank bill will be repealed but dan clifton says changes could happen on the fringes, maybe legislative changes that could be made. And his team likes the regional banks. Names like first niagara. And, of course, the ones that have exposures to markets where the oil and gas shale boom are still going on given the republican focus on Energy Policy. Texas capital bank shares as a possible beneficiary. This company is based in dallas and has banking branches throughout the state of texas. As you look at where the benefits could be we talk about this idea that there are certain sectors and maybe regional banks are the ones that benefit. Thank you. Great job. Simon, down to you. We will get an answer to a lot of the questions when the president speaks in one hour. What will he say and how much is he willing to give to both houses controlled. Being joined by ben willis. What do you think he will say . Do you think 2. 0 . I think too early for him to say it. He is thinking about the next two years of his presidency. How does he want to go out . He is going to position himself to be more cooperative or go out hard ball and not really cooperating. For a long time dead lock was good for markets. Are you inferring compromise is good for markets . I am thinking compromise will be better for markets. I dont think they will get everything they want. I think americans in the vote really told it all is that they are so frustrated with the lack, the inability to lead. I think what will happen is history has shown regardless whether it is a democratic president and a Republican Congress the markets benefit from the fact that the matter that this is the perfect balance of power which should be bullish for the equity markets regardless of what the favorite industry is at the time, whether Health Care Industry under bill clinton. The net benefit will be positive for the stocks. There may be some losers in the mix. As you alluded to, the markets do like the inability of washington to go without a rubber stamp. So there will be checks and balances so things will not get out of hand. Thank you both. Hedgefund manager David Einhorn is known to make some bold calls. They didnt seem to pay off for him in the Third Quarter. Green Light Capital down 3. 9 in q 3 but up 2. 2 year to date. Losers included u. S. Steel corporation, cveo, long and his new stakes are in cnx, emc and the major positions green light closed out, gmcr short, joy, short, lulu short, under remember aer short. Green light makes a bet and adds to bubble basket shorts. Did you get all of that . Hope so. Lets see what is coming up on street signs. I got all that. Good stuff. How do we love our street signs viewers . Let us count the ways . Exclusive interview with ceo of Johnson Johnson, investing advice for the generation, Senate Majority leaderelect Mitch Mcconnell will speak. Tune in if nothing else to see if we can pull it off. Half live from the schwab Impact Conference in denver, colorado coming up in a couple of minutes. Tune in. The Equipment Tracking system will get you to the loading dock. There should be a truck leaving now. I got it. Now jump off the bridge. What . In 3. 2. 1. Are you kidding me . Go. Right on time. Right now, over 20,000 trains are running reliably. We call that predictable. Thrillingly predictable. Its in this spirit that ingu u. S. Is becoming a new kind of company. One that helps you think differently about whats ahead, and whats possible when you get things organized. Ing u. S. Is now voya. Changing the way you think of retirement. Theres confidence. Then theres trusting your vehicle maintenance to ford service confidence. Our expertise, technology, and high quality parts means your peace of mind. Its no wonder last year we sold over three million tires. And during the big tire event, get up to 140 in mailin rebates on four select tires. Get to the terminal across town. Are all the green lights you . No. Its called grid iq. The 4 51 is leaving at 4 51. They cut the power. Itll fix itself. Powers back on. Quick thinking traffic lights and self correcting power grids make the world predictable. Thrillingly predictable. Welcome back. A lot of Energy Companies have been hit by the falling oil prices. Check out eog resources. It posted better than expected Third Quarter profits thanks to a jump in production. As a result it boosted the forecast for 2014 output. Eog shares up by 5. 5 on the days trade. We are up 58 points. Entering a critical hour in which the majority leader will have a News Conference in i believe ten minutes time. Then the president will follow up at ten to 3 00 eastern. How those two mold together will be absolutely critical for what sectors rally on what compromise, if any. Absolutely. And you know i think we may get volatility this afternoon in this market depending on the tone that the president sets, what he talks about, how he basically handles the News Conference at ten minutes to 3 00 this afternoon. The dow has lost some of the strength as we just saw. Take a look at the gold, silver and copper market. The gold market off almost 2 and silver leading to the down side by better than 3 negative. Not helped by the fact that somebody dumped futures into the gold. Street signs begins right now. See you tomorrow. Welcome to street signs. Buckle up. We have a huge hour ahead for your money. Brian is live in denver at the schwab Impact Conference where he is speaking exclusively to the ceo of charles schwab. We have a rare and exclusive interview with the man in charge of Johnson Johnson, alex gorsky. Then president obama will be holding a News Conference in the wake of the