Happen to you . The growing trend is on our radar today. Companies saying you supply the device, well support it. Entrepreneur of the year, according to inc magazine, a big contest and they are going to make the adjustment right here on power lunch in this hour. Youre going to want to hear about this young person and what hes doing to change a field that were all going to use over the next few years. First, though, to sue at the nyse. Cant wait, ty. Good to see you. The weather is turning pretty rough outside of the nyse at this hour. If the dow closes above 16,072 it will be another record close and looks like were heading in that direction. In 12 months the dow is up 24 . Right now its up 20 points at 16,093. Take a look at the nasdaq, well above the 4,000 mark and up almost 35 in a year. Right now, up a half a percent or 21 almost 22 points at 4,016. 43. Sheila dharmarajan is in times square and starts us with our coverage. Hey there, nasdaq firmly above the 4 k level around 4,016 and in part due to some big gains by apple up by more than 1. 5 . Google and amazon hitting new alltime highs. Remember, we havent seen nasdaq 4,000 since 2000 so we thought it would be worth to take a look at how nasdaq 4k is now versus how it was back then. Back then remember, companies could go profitable if you just had eyeball accounts or a dotcom in your title. Right now Nasdaq Companies are much more mature and based on profits. So take a look at the nasdaq 100. 51 of those names actually pay a dividend to their shareholders. About half of those names have a dividend yield above 2 . Back in the gogo tech days only 11 of the nasdaq 100 actually paid a dividend. Now the biggest difference between the nasdaq 4k now versus nasdaq 4k then, valuation. So right now the nasdaq is trading right around 20 times average pe. Back then p e was 19 times. Even if you take out the crazy outliers of 1,000 pp e figures. Its a different story than back in the gogo tech days. A lot of metrics investors are pointing to to say were not in a bubble when it comes to the tech heavy index. One of the people say is were always talking about the high flying momentum names. We still do have them in the nasdaq. People love to talk about tesla and netflix these stocks that have risen up hundreds of percent but also just a many Companies Profitable and paying back their shareholders. One company in focus today is google, that stock hitting an alltime high. As forward p e over 20 times not super expensive and heres whats interesting, market cap now, 350 billion. In fact, its approaching the market cap of exxon. Sue, back to you. Sheila, thank you very much. All right. We have another auction today as we try to get rid of 90 plus billion dollars. To Rick Santelli now in chicago to see what the grade was. Rick, yesterday was an aminus. How did we do today some. B. B for boy today. Above average. And the fiveyear affectionately known as the longest short maturity on the yield curve, 35 billion are now in the hands of investors. Lets go through the metrics, yield at auction, 1. 34. The one issue market was volatile, at the end flip flopping, but 1. 34 went from bid to offer to bid. I would say that we nailed it exactly where it was trading. If we look at 2. 61 bid to cover, close to the ten auction average, 2. 67. Were a little strong on indirects of 50 , light on directs of 10. 8. Whats fascinating dealers took a bit less than 40 , 39. 2 to be exact, of this auction, so we have 29 million seven years left and i like the word you used, the treasury getting rid of 96 billion in supply this week. Back to you. Well, i was kind of at a loss for words and thats what i came up with. Thanks. Thanks, rick. See you in a little bit. Lets go up town to seema moody for a market flash. Seema . Social media stocks are rebounding today after what has been a volatile couple of days for these basket of stocks. Some analysts have pointed to valuation concerns, facebook by the way is trading at 54 times forward looking earnings, but that doesnt seem to be worrying the street today. Were looking at facebook shares up about 3 and twitter shares up by 3. 3 . Tyler, over to you. Thanks very much. To that developing weather story. The nation is watching very closely. This is video last night in nashville. Ice advisories all over the music city and dallas, they are getting set for the storms. Salt trucks filled up and on the move at the president george bush turnpike. Milwaukee snow messing up yesterdays commute. Now what . The weather channels maria la rosa filed this report for us a few minutes ago. Reporter this storm has everything along with it, the Severe Weather as well as the wintry side. Heavy rainfall in the southeast right now and concerns about some of the stronger thunderstorms perhaps tornadoes well into the afternoon and evening here. It is the freezing rain through the Higher Elevations and eventually it is going to be a big snow producer. Timing it out, lots of moisture with the main area of low pressure. The cold air comes down here during the day on wednesday. The winds are going to be whipping in through the northeast so its the rain and wind for the i95 corridor. Timing it out precipitation wise, you have icy conditions there in purple, mainly the mountain areas. By wednesday looking at that cold air turning a lot of this to snow. Some of it will be heavy at times, and talk about heavy at times the rain along the i95 corridor that includes the big northeast airports, boston, new york, philadelphia, d. C. Expecting delays because of that. As far as the snow this is impressive. Maybe as much as a foot and half of snow for portions of western pennsylvania, western new york state. Out of the snow the i95 cory tore, but it is going to be wind and rain that will snarl traffic here for the day on wednesday. Back to you. All right. May ra reporting. Gabe gu tear res of nbc news is live in atlanta. Youre near hartsfield. Whats happening in your as al roker likes to say, neck of the woods . Well, theres a lot of chilly rain as maria mentioned. Heres the good news, temperatures hovering around 36 degrees so none of that rain has turned to ice and were seeing that here at the airport. No major delays to speak of. Just looked at the departure board. Some flights dealing with about 15 minute delays but nothing worse than that. According to flightaware. Com in the southeast in memphis there were delays earlier as well as in charlotte but those steam to have worked themselves out. Were watching the storm system as it heads to the northeast. Atlanta, of course, a major airport. The worlds Busiest Airport with about 63 million passengers each year so should be interesting to watch over the next day or so, this busy travel day tomorrow, how this storm impacts travel. Right now in atlanta dealing with chilly rain, but no ice and no major delays. Sue, back to you. Thank you so much, gabe. If the weather isnt a problem for air travelers, youre likely to run into some other obstacles this Holiday Season including packed flights. tis the season for capacity. So phil, why dont they just add another flight to get more people where they want to go . You cant do that, sue. This is not like you have an extra suv in the driveway and somebody needs a ride to the football game. Youre talking about the complex formula of routes, structures, in terms of where planes are, and there are no spare planes available. The system is maxed out to capacity across the country so its not as though theres a surge that they need in one particular area and when you look at what the airlines are doing this week, theres a perfect example the folks at moss flight put this together when you look at delta, perfect example, thursday and friday when fewer people are flying they bring down their capacity. Saturday and sunday, sunday being among the buttiest of the year they bring back all of their flights. What youre dealing with its a constricted formula here where theres just not enough planes and you cant just add a flight in a particular area. You know, there was some talk at some point, phil, of adding perhaps taking a foreign airliner and borrowing it planes but it doesnt sound like that would work either . No. Its still against the law. And on top of that you have union issues and you also have issues in terms of how many slots are available for taking off and landing and then how do you time where youre going to add that plane on a particular weekend . Sure, its easy to say we want that particular knight between los angeles and chicago, and that might work, might not work. Its too tricky in order to say were going to bring in a foreign carrier to fly a few flights in a particular route. Right. Given the weather situation, phil, which, of course, is always changing, how much are the cancellations if they do happen on a widespread basis, going to hurt the airlines over the next couple days . Flight aware said that theyve canceled 339 flights today. I think there will be some impact, but not a huge impact. We havent heard any estimates from wall street at this point. The airlines factor in x number of days a year where they expect to have a storm thats going to cancel a significant portion of their flights. Doesnt help that these are hubs on the east coast that are getting hit by this storm, but so far, based on what weve seen i dont think its going to be a huge impact, sue. Well thats some good news. Thanks, phil. Appreciate it very much. Ty, up to you. Folks, this Holiday Season is going to be the shortest in at least a decade and this winter storm is adding to retailer anxiety. Will the big storm hurt black friday sales . Paul walsh studies Business Trends for the weather channel. Snow and rain would be hor fbl it happened on black friday, but this year it looks like retailers will dodge a bullet and were going to see the worst of this today and really tomorrow so it will be a big travel headache. By the time we get to thanksgiving of course it will be windy and might impact the macys day parade but black friday will be clear. Weve seen through polling theres been a huge increase in the northeast for demand for outer ware as we moved into the first part of november. That sort of bodes well and as long as we can keep the snow and rain away from the weekend, it will be a good sign for the rest of the Holiday Season. Paul walsh. That of course is going to be a relief for many retailers that are planning to get a jump start on black friday. Kmart, toys r us, american eagles, sears, jc penney, target, kohls planning to open early on thanksgiving. Whos not . Costco, bjs wholesale, nordstrom, sacks, lord and taylor, they will be closed all day thanksgiving. And now back to seema moody for a market flash. Hey, tyler. Take a look at amazon shares hitting a record high. The Company Announcing an exclusive content Licensing Agreement with the independent film studio a 24 in an attempt to extend the archive of Television Show and films currently available on its streaming video site. Amazon prime instant video. See shares up about 1. 2 pr on the day. Thank you very much. One of the top luxury names out with earnings, tiffanys sparkling in the Third Quarter due to rising sales in china. Earnings at 73 cents a share, well above the 58 cents that wall street expected. Revenue comfortably topping estimates, rising almost 7 from a year ago. That is organic growth. Highend jeweler raising its full year forecast. The stock up, look at that, nearly 9 at 88. 25. Up more than 50 so far this year. Almost 54 pr. Mens warehouse making its own takeover offer for joseph a. Bank. Mens wearhouse offering 55 a share valuing them at 1. 5 billion, an 8. 7 premium over its Closing Stock price on monday. More than 30 above its price in october when it joseph a. Bank made a takeover offer for mens wearhouse. Joseph a. Says it will respond to the offer in due course. Sounds like theyre in hurry. Mens wear house up 60 , joseph a. Bank up 30 . Two strong reads on housing. Home prices up by the highest amount since 2006 and permits to build new homes surging to their highest level in five years. Diana olick is in washington with details on bothp. Hi, diana. Hi, sue. Youre right both reading are high but as always we need to look inside those numbers to find out whats really happening. Take a look, first to permits. We didnt get Housing Starts because of the Government Shutdown delays but Building Permits did rise 6. 2 in october month to month and are nearly 14 higher than a year ago. Strong, yes, but largely on the back of multi family apartment construction. Single family permits were up nearly 9 from a year ago but multifamily was up 24 . There is your renter nation folks. Why are so many renting . Because home prices are jumping ever higher. Up over 13 on the s p caseshiller home price index in september, both the top 10 and top 20 markets. Prices rose at their fastest annual pace since february of 2006 a lot because distressed home sales is lower than a year ago and also its still very low inventories of homes for sale. Single family construction is no where where it needs to be to meet demand. Analysts are expecting slower price growth in q4 as they move out and leave the markets to regular buyers, buyers facing tighter credit. Thank you very much. Weve covered snow, retail, nasdaq, the whole thing. Weve covered it all. The dow near a record high and housing. When we come back, we will get the take from wall street. The chief Investment Officer at Northern Trust and chief invest ment strategist at ubs Wealth Management are set and ready to go. There you see them. Their advice right after this short break. Stay with us. In a world thats changing faster than ever, we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. Hormel moving higher, maker of spam, corn beef hash, chili, the whole thing. Fiscal fourthquarter profit 58 cents a share. Hormel also raising its Quarterly Dividend at 20 cents a share from 17 cents. That stock is up some 43 pr. For the year so far. Sue . Did you have some red bull before the show . Youre all fired up today. All right. The russell 2,000 hitting an alltime high while the nasdaq composite surges to a 13year high. Question is, where do we go from here and is it too late to put new money into the market. Welcome back our mower players, katie nixon and mike ryan, chief investment strategist at ubs Wealth Management. Katie, im going to start with you. You think there is more room for the market to run based on valuations, correct . We do. We like the u. S. Market still based on three things. First of all as you mentioned valuation does not look stretched. In fact, were right around historical median. Fundamentals look positive. We came through a pretty good quarter of earnings and revenue growth. Then thirdly we believe strongly that well still have this fiscal tailwind and monetary tailwind into the new year. Mike, i think you disagree a little bit and you think that stocks have had a nice run certainly and been correct on that call all along. You think now were fairly valued, is that correct . Yeah. I actually dont disagree with what katie just said. I think market is going to continue to move higher. Markets are only trading at fair value and when you get fair valued markets you get fair returns. Were not going to kind of get the big closing of the gap or the rerating of stocks weve had this year but it doesnt mean some of the things that katie pointed out wont happen over the course of 2014. I thinks Earnings Growth will be solid, not spectacular, the policy backdrop will be supportive and stocks will do well and we still have a favor position in terms of u. S. Equities. Whats the biggest threat to the market sts. Certainly we saw earlier this summer the threat of a miscommunication or a policy mistake on the part of the federal reserve. A lot riding on Monetary Policy and distinguishing tapering from tightening will be important as we enter 2014. Well probably see tapering some time around march. Do you agree with that, mike . I think the difference between tapering and tightening is something weve talked about frequently. If we have slightly higher Interest Rates thats one thing, but if we get dramatically higher Interest Rates its a whole different thing. I agree. The most likely scenario the fed begins to taper in march. Well have a new sheriff in town, janet yellen. From everything weve seen and heard shes going to take a pragmatic cautious approach to Monetary Policy. That suggests tapering comes if anything later than sooner. One thing i did want to mention here, sue, maybe follows what katie said, while all the focus has been on what can go wrong theres a couple things we could see over the course of the next couple months that could be to the upside. We could see progress in washington on a couple fronts. Some Movement TowardsCorporate Tax reform, easing of sequestration and we could see some tepid steps towards addressing some of the entitlement issues, for example, change in the cpi index. Lets not look at the risk purely to the downside. Theres upside risk as well. Youre nodding your head in agreement. Absolutely agree, things not even priced into the market right now. I agree. Thank you both, very much. If we dont see you before have a great thanksgiving. You too. Katie nixon and mike, thank you so much. Ty, up to you. Folks been a long time addiction but wall street may be able to go cold turkey ons the blackberry for good. Byod, bring your own device. Kayla, the details. Bankers have been slowly but surely weaning themselves off the ancient blackberry device with the help of the new app that lets any employee by