For you on that. And rolling out the red carpet, denver one of a dozen u. S. Cities now battling to be amazons hq2 were going to go live to the mile high city with the governor of colorado. Power lunch starts right now Rocky Mountain high colorado Rocky Mountain high welcome to power lunch. Im melissa lee. Tech leading todays record breaking chart the s p 500 topping 2,700 for the First Time Ever. Commodities on the move as well. Crude above 61 for the First Time Since june 2015 platinum by the way highest level in more than five weeks. And gold is trying for nine Straight Days of gains nat gas taking a hit today with prices up 10 in the past week as tyler mentioned this record breaking cold really causing people to stay inside. Shares of scana up South Carolina residential customers will get an average of 1,000 within 90 days of the deal being completed, brian. Melissa, thank you im Brian Sullivan as much as the world focuses on trumps tweets, lets stay focused on your money. And can you say dow 25,000 perhaps another milestone in sight. Bob pisani is following your money at the nyse. Bob. Brian, a nice broad rally new highs in all the major indices. I want to show you some of the breakout 52week highs whats interesting about this is theres nothing thats completely dominating. Tech tends to be leading if you look at the new high list, you get industrials like United Technology and union pacific, nucor, lennar, youre getting a couple breakouts in Energy Chevron last week, eog a big exploration company. 52week highs. But see this list is not dominated by just tech or anything else, its a fairly broad list take a look at the big story which i think is now continuing to be growth versus value. This is the way i look at it this is vanguard growth etf. You see that, twice as much in the growth today versus value. And thats been the story really since yesterday and towards the end of the year last year. So what is growth . People keep asking growth versus value, what does it mean growth versus tech stocks semis like nvidia, amazon, a lot of biotech like alexion, growing rapidly thats growth outperforming just recently. Theres a period in november, early december when value did well whats value youre looking at utilities like edison, clorox and kroger and most of the retail names like kohls they had a moment for a while where they outperformed notably. That is not happening now in the new year growth is asserting itself overall. There is one what i call mean reversion play thats going on thats very noticeable and thats energy. This was a big debate last year, should we buy energy we started moving up when oil started moving towards 55 to 60. That was happening in november and you can see the effect there most of them on the upside finally just mentioning the cold weather stocks usually happens when you get these freeze, columbia sportswear, canada goose, all up recently you can see theyre mixed today. Right now lets call it new highs for the major indices. Back to you. Thank you very much, bob pisani from the hot market to the bitter cold sweeping across the country. Theres cold and then theres whats being called a bomb cyclone. Dom chu is looking at the businesses that could be helped or hurt by maybe this deep freeze. Bob made the mention of some of the stocks that could be in play here from jacket makers and whatnot, but we looked at some of the stocks that might be closely associated with the Winter Weather and we asked our data partners at kensho to see how they perform at the months end of november through end of march over the last ten years. Polaris which makes among other things snow vehicles is actually up only 2 on average. Positive trade 40 of the time yeah, winter stock but maybe not as much of a benefit from the Winter Weather vail resorts, theyre up about 4 of the time, not too shabby, but only up 60 of the time. Think a winter stock that would be up pretty big Compass Minerals does a lot of the salt manufacturing for roads and that sort of thing is actually about 8 of the time positive, 70 of the time, 8 average gain one to watch perhaps there. Columbia sportswear, bob mentioned that one average gain of 10 . Its positive 70 of the time. And the one that people talk about anecdotally speaking, netflix, do more people hunker down and watch a lot of those videos and binge watch, stock up 35 on average over the winter months over the last ten years Winter Weather is not entirely responsible for that, part of the story. Of course netflix is a company with a lot of Growth Prospects out there. Something to watch there one thing i would say, guys, to leave you with this, it would be interesting in the coming months to see whether Restaurant Companies make mention in their earnings calls about whether cold weather has stopped people from going out check out names like darden restaurants, restaurant stocks may be ones to watch in the coming seasons. Lots of stuff to watch as a result of the weather. Thanks very much, dom. Lets get the latest from Rafael Miranda. It is a crippling snow and ice across the country right now. Savannah, snow and temperatures in the 20s we have snow in florida, this is moving out freezing rain in charleston. 30 degrees, very difficult travel conditions. Expect all along the eastern seaboard you can see we have a blizzard warning in effect for North Carolina and norfolk, virginia beach, thats the First Time Since the 80s we seen these blizzard warnings in virginia. And winter storm warnings in effect across much of the eastern seaboard not new york city but the jersey shore and long island winter storm warnings in effect and then another blizzard warning in effect for the cape just south of boston. Lets talk about how much snow were going to be expecting tonight into tomorrow. Dont expect easy travel here. New york city probably around 3 to 5 inches in some spots, but as you head east of there, long island upwards of 6 to 10 inches and the bulls eye right now looks to be new england where you can see close to and even over a foot around the boston area and cape cod absolutely brutal conditions its not just the snow, its also the wind. Take a look at the wind forecast as we head throughout the day on thursday winds gusting over 40, 50 Miles Per Hour, even up to 60 Miles Per Hour on the cape thatcould cause blizzard and near whiteout conditions expect very difficult conditions throughout the day on thursday, winding down but then dangerous cold moves in on friday. Back to you. All right. Thank you very much. Lets get more now on the weather effect on business from wall streets weather mandan leonard, senior meteorologist at the weather company. Listen, youre up there in massachusetts, right, dan . Were used to it, we get it, we understand it, its cold, its winter thats not breaking news but in savannah, in charleston, in richmond, thats a surprise how does this kind of weather really Impact Business is it, a, good because we all run out and buy stuff . Or, b, bad because we sit home and dont do anything . I think its a combination, brian. And just to clarify something, i am not used to this level of cold i mean, this is impressive stuff. Weve had a week straight of sub 20 degree temps here in boston and it got over 20 degrees today and im going outside like its tshirt weather. But i will say this, this is actually good for the winter economy. Especially up here in the northeast. Its great for the ski areas, right . I mean, weve had better conditions this year than we have in the past many, many years. And its also good for the regular winter industry. Im talking plow drivers a lot of good comes out of this. Yeah, tomorrow well probably get a little bit of a pinch to the retail, the brick and mortar retails which arent going to do any business. But, dan, have you no sympathy for the water parks of the south . I mean, people go to miami right now to be warm and its not working out. Is it going to be bad for those places down there . Fair, fair, but they dont have to deal with it for very long we are going to get a rebound. And thats the interesting thing going forward. And youve mentioned Natural Gas Prices earlier, the past seven days or so, a big rally. 10 , 15 on this cold weather. But natural gas traders are a lot like equity traders. They want to know whats coming down the road. You can givethem a great Earnings Report record profits, but if the company says its looking like we might have a tough next quarter, the price of the stock is going to sell off, right . Its the same with the natural gas guys, thats why the price is down so much today because were looking at a potentially big january thaw coming up right now the question is does this thaw continue into late january . Does it whats the answer . Or is it stop and we go back i know that, dan, this is the social media age where memory, you know, is 30 seconds long, but remember 2014, the polar vortex i think we went 30 days, guys, where it didnt get above freezing at one point in new jersey that was rough it was a stupid bomb cycle it was a 5 billion hit to the economy in terms of a loss in productivity as well as a drop in Consumer Spending. So how does it compare melissa, there you go, thanks, melissa. Well, remember that even in the polar vortex winter that 2013 to 14, we had a moderation, we had a january thaw, mid january, temps got well above normal in the midwest. People forget that, but it happened so if this is similar and there are a lot of similarities this winter to that winter, if we have something similar where we get a brief thaw but then we snap right back into the cold, that could be really interesting for gas prices as well as other Energy Stocks. But right now it doesnt look that way this could be a more permanent pattern change as we go into the second half of january theres not a lot of cold followup as we head into say the third or even fourth week of january. Well have to see what happens as we head into february but right now it looks like once we flip the pattern, were at least going to go back into a milder, maybe more changeable, more some cold, some warm, but its not going to stick around. Good news thanks, dan. Back to the markets, hot markets as opposed to the cold weather weve been telling you about records and milestones, but the question now, where are we going to head from here and whats out there that could derail this rally . U. S. Investment strategist and michael farris, cnbc contributor, lady and gentleman, good to have you here. Thank you. Mona. Yes. Can 2018 possibly be as good as 2017 when it comes to the market sns. Michelle, i think its going to be a pretty good year in 2018 narrative for 2018 strong earnings, robust gdp driven by tax reform upside and rates while theyre still rising theyre still remaining pretty low. The 2019 narrative i think can shift. I think we Start Talking about the cycle turning, the fed has now raised rates probably three, maybe four times were talking about potential downturn towards the mid to end of that year but 2018 i think can be robust mid single digit type s p returns. So mid single digit not as good as last year but still positive. Yes weve done some analysis on this if you look back towards since the 1920s any time the s p is up 15 plus, the following year on average is up 5. 7 so thats kind of the range were thinking about right now i think it makes sense given where we are in the cycle as well. Michael, monas telling people if youre in it, stay in it even though you had a good run. What do you think . I think you have to i think you stay invested and i dont think you market time. But, michelle, im going to disagree just a little bit with mona though what mona says makes sense, this could go up next year, yes, id could, but it could go down 20 . Thats the tough thing about this market. It feels like this is the new Years Eve Party thats now going onto 2 00 a. M. And im sitting there eyeing the door waiting for the cops to arrive this is the first time 2017 was the first time in 90 years where we had 12 months up together so last time was 1927, 1928 was a good year, 1929 not so much. It is so cold that farr is wearing a vest under his Brooks Brothers this is a sweater and its got a wind thing lining on it. Its cold. I like your style, baby you know, one of the things, mona, that really stood out to me last year was how the markets stepped over everything. Everything. Yep. Just glided right by it. Yep you know, i think, again, were getting some of the geopolitical tension thats rising. Yes. Were seeing north korea emerge. Yes. And were stepping over it. A big missile could ruin a lot of this. A big missile will absolutely i think this is a test. I wont go there. Its a family network, brian. A missile is just a missile. We continue to feel that geopolitical will not move the market, will not move the economy until were actually hitding the button whoevers button it is, its really not a market driver. What we do seemoving the economy could be inflation thats, you know, the one risk we see out there and its interesting the fed put out its forecast just a few weeks ago. They raised gdp, they lowered unemployment but kept inflation flat to slightly down. So if that surprises ths them in way, they dont want to remain behind the curve they want to continue to normalize and get tools in place so the next downturn they have rates, balance sheet, so i do think that is the one thing were watching where, you know, you see a surprise there you could be caught off guard a little bit. Michael, if i hear your message correctly, its been so good for so long, how much longer could it be good for . If youre just worried about reversion, mean and the math, et cetera, what would you do here what would you lighten up on how would you reallocate and all good things come to an end and markets do go down and back to monas point about what the fed is doing what they need to keep their eye on, the two to tenyear spread right now is 52 basis points i mean, this is a really flat yield curve. If you want to watch one warning sign, listen to one canary in the coal mine, its that two to tenyear spread at 52 basis points an inverted yield curve and were cooked so i think you have to look at the areas that have really outperformed i think you have to look at things with commas in their p e multiples and make sure that youve allocated number one reallocated from equities to whatever your specific Asset Allocation should be, make sure youre within your comfort level. If you were 70 equities, got up to 85 last year, bring it back to 70 follow your discipline and make sure you own good things with good Balance Sheets that will endure storms. This music will stop and youve got to make sure youve got a chair i dont know, last time somebody used that metaphor it didnt work out very well for them were going to put that aside. All righty, coming up the race to lure amazon. Governor of colorado will join us next to give us his pitch for his state to win amazons Second Headquarters and another analyst cuts sales targets for tesla. This time by 75 s nd tesla have a big problem on ithas . Power lunch back after this. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. We are touring the country looking at the cities bidding for amazons Second Headquarters does denver make the grade cnbcs special correspondent scott cohn is in the mile high city with a special guest. Hey, scott. Hey, michelle one of the things that amazon has said it wants to do is replicate its current headquarters, its original headquarters in seattle. There are a lot of similarities between seattle and denver joining us to talk about that and about colorados bid is the governor, the 42nd governor of the state of colorado, also a former mayor of denver, John Hickenlooper were live at the State Capitol in denver. You have said that theres no better place for amazons second home than here. Well, there are a bunch of reasons. One is we have a lot of electrical engineers coming out of university of colorado, Colorado State university, Colorado School of mines, university of denver, maybe a couple other cities that produce more, but certainly in migration of millennials who have those kinds of degrees, denvers one of top cities in america its also were a cando that kind of western attitude thats exemplified amazon since day one you look at how denver and colorado have recreated ourselves in the last 10, 15 years as the most probusiness state in america but with the highest environmental standards, highest ethical standards. Kind of what amazons trying to reinvent a lot of economic structures in this country but with high standards. I think thats an important connection plus on a metro region wide basis we collaborate. When we passed our what we call fast tracks in 2003 but it was 122 new mile of track largest transition in the country 4 cent sales tax over the entire metropolitan denver area almost an area the size of connecticut, we had 34 out of 34 mayor unanimously every mayor in the metro area twothirds of them either conservative independents or republicans all supported that what other metropolitan area has done that effort which leads to one of the issue which is is infrastructure, which well get to in a moment its also been reported that youre kind of lowering expectations or at least managing expectations about this bid. Whats going on . Do you know something that we dont . No, no, i have no inside information. I have some executives here who know jeff bezos and, you know, he is not communicating to anybody. As close as i can tell or if he is, hes not communicating to the people that i know bu