Average of a gallon of gasoline at 2. 84, the lowest in two years. And healthcare. Gov is open going live with the new Enrollment Period beginning last saturday after being plagued with problems last year. The new site will make it easier to shop for coverage and have enough computing capacity supposedly to handle open rollment. Michelle, over to you. Global news this morning, chinas news is Holding Steady with Consumer Prices rising 1. 6 from a year earlier. Producer prices falling 2. 2 , however. In europe, catalonia voting for independence from spain in a straw poll. Spain ordered the vote to be suspended and it went on anyways. And Russias Central Bank is allowing the rouble to float freely in the market. Starting today, it will scrap daily controls with the currency in freefall recently. Incredible volatility on friday amid uncertainty tied to western sanctions and a drop in Oil Prices Going above and beyond what they announced on friday. Well check on markets this morning. We are trading at highs and the accommodative central bankers around the world are pitching into the markets since we dont have any qe anymore, though we still have lower rates, not much is happening this morning. If youre driving in a car, the s p is indicated up less than a quarter of a point. The Dow Jones Industrial average soaring two points and expected to. And the nasdaq is up less than a half a point. Well get to the broader markets. Well talk about oil and the argument, is it good or bad for us here now that we produce so much oil . It does hurt the companies that earn that area and have moved in with horizontal fracking. The tenyear which has been seeing a little bit of movement on the yield higher, but not today down 2. 27 . Well take a quick look at the dollar. It looks like a good place to visit parts of europe at this point. 1. 25 now. Up date, 40 cents more. It was 1. 24 last week. I still thing a dollar is fair. I would like below parody, actually. Yeah. If it was it would be so much cheaper. They would let me travel more to europe. And in a real world, thats based on what we have going for us in terms of economic ability, it should be. Then finally i dont live in the real world, so i dont know what you folks are talking about. What is the price in hollywood . If you are in a guilded cage on the upper west side, right . The upper west. Lower west, so youre basically wherever at some point most weekends, arent you . You have fake hipster no, that would be if i was going i dont think you do the hipster in the city anymore. Only in brooklyn . The hipster would be over there, dont you think . Fake glasses and beard. Maybe lower east side. We should hang out in the lower east side. I havent been there in years. Do we look at gold . I dont know, is gold going to triple digits or under 1,000 . Wow, i had not pondered the question. It could when you look at what is going on with the dollar and no inflation. I would buy a couple of cougars you like the look of them . I like them. Always keep them on hand to bribe the border guards. When you live in a nation of law order, you think thats a joke. We dont have border guards. I dont need to bribe nip. We have a free at this point, dont we . Stocks on a threeweek winning streak. Joining us with a look ahead. Alison deents from cnt global and ed is the director at qma. Alison, we are at new highs. We only have a month or two left, what about next year . Is it going to be the year theres a day of reckoning or this is going to continue . I think its going to continue at a very slow pace. The markets fairly valid right now. My price target is 2,000 so we are pretty much there for this year. I see any further improvement in the market coming from corporate profit growth. And looking at top line growth of 3 to 4 and bottom line growth of 6 to 8 , i dont see the market doing much better than that next year. So what does that add up to . A total return of somewhere between 8 to 10 if you include the dividend yield on the s p. So a good market and better than a lot of other things out there, but not over a bust full market. Add 8 to 10 has been a safe forecast for about five years now for people that come on. Its because it doesnt assume anything about multiples. You dont have to make any assumption about what the pe ratio will be, you just use, well, the corporation will earn this much and earnings will rise this much, add in the dividend to get that number. Is that thats putting it briskly. Its really boring, pretty much the same. How do we do how did we do 30 last year . Evaluations were on the low side. In hindsight. Thats right. But as a result of the move up in evaluations we had in 2013, now stocks, they dont look terribly expensive by historical standards but fully prices. Why wont they get more expensive . They might. But theres always the possibility people become overly optimistic and back to the late 90s scenario where evaluations rise and rise. Turns out, you always give that back and it is prudent to expect to get returns roughly in line with Earnings Growth given that evaluations are fair. Ten year goes where . The tenyear, ive been wrong about that all year. I thought at the beginning of the year rates would rise but instead they have gone down quite a bit. I have switched over to the camp that my colleagues have argued for a long time, that we will have lower rates longer. We used to think of, i guess i think in my age normal rates are 5 to 7 on the tenyear, i wont be surprised if three was the new six. That is rates are more like what they were back why . Well, partially because of tremendous demand for fixed income product and the supply is relatively con strained. Both by the monetary authorities, but thats only part of the picture. Youre also seeing the deficit in the United States cut by twothirds in the last couple years with tremendous demand from institutions and foreigners to buy fixed income products to keep rates low in addition to what is done by the monetary authority. Do you know, andrew, what causes recessions and acronyms for it . An acronym for causes and recessions. I have an acronym for what can cause a bear market. Thats right. Rsvp. Recessions, shocks, value paying and policy changes. That is what causes a bear market. Thats right. As an asset all locator like we are, most of the time it pays to bear risk. So most of the time the stock market tends to work higher. The trouble is every once in a while the market makes a horrible downturn. To try to avoid those, they dont usually come out of the blue but they are driven by one of the four things. We were tested in october and were likely to go to a recession, no. Are we going to get a shock from ebola or something . We dont know by the definition of shocks but didnt think that was going to take us over. On the policy front, fiscal policy is more set in stone and Monetary Policy, the fed is pretty clear they will remain accommodative for another year or so. So youre always going to get downturns, but the question is, is the downturn severe enough to cause a bear market to cause big losses our clients want to get out. And i think that otherwise you pretty much want to stay fully invested. And we dont see any of the four things hitting us to cause a real change many the market environment over the next term. Alison, do you have a notepad . Did you write any of that down . Can you remember r. S. V. P. . If i quiz you. Shock, policy, recession no, i think they are all very valid. The one point i would make about multiple expansion is typically it comes in a declining environment. While rates most likely will go up dramatically from here, i dont see them going lower. If they do, its because theyll have one of the letters from the acronym, which is a recession that doesnt bode well for the market. You can find historical precedent where multiples went up at the same time as Interest Rates, cant you . Because the economy was going much better . I have to look back. Im not sure. I think you see the markets go up. Can you see . I think the only time you can find it would be the 1950s. So it went up after the war and the great depression. There was a period where Interest Rates rose and you had multipreside multiples. That was before my time. You brought up the return to nirvana possible in some like that, in the 50s. Maybe with the Housing Market improving. That seems to be the one thing stubbornly staying depressed. We should just do a well tax, andrew. Just smack them. Exactly. Dont mess warden the income. Lets start with people whose first name begins with w and worth more than 30 billion. Just 50 . I heard that the country last week had moved in a different direction. I heard this happening, did you hear about that . No, no, no. I heard twothirds of the voters stayed home and all would have voted for the other side. Theres a guy who said that. The warning on the front page of the New York Times today is flashing red. The gops path to the presidency is tight but real. Let me see. Gop path to the presidency is tight but real. Open up your wallets fast, readers. Anyway, thank you, alison and ed. Thank you. Thank you. Coming up, when we return, a live report from china where World Leaders are meeting for a major summit plus some of the biggest names in tech gathered on the red carpet last night. Its all part of an event to give 12 people 3 million each. Find out why when squawk box returns. But heading into the break, highlights from our own red carpet. The celebration of cnbcs 25th anniversary. Can i give you a kiss on television . Absolutely. Thank you, sandy. I do remember the photo of the guy on wall street. It was an awful photo of me. I look better than that. It was like a caricature. You look great all the time. I was gratified to hear all the stories of peoples First Experience with their blackberry and how it changed their lives. That sounds almost dirty the way you say it. E financial noise financial noise financial noise financial noise Mark Zuckerberg and mary milner are teaming up eachi yea to give 3 until to the scientific accomplishment. Youre looking live at the red carpet last night on the west coast. 12 break through prizes were awarded but take a look at what happened. We have for 3 billion years we have been evolving this amazing oregon called brain. And all of a sudden we can understand the universe and our place in it. And yet the people who helped us do this, they are not celebrated. And i think well learn how to celebrate athletes but i think its about time we celebrate scientists. In total 12 breakthrough prizes were awarded. This year the first to hop more mathematicians because we do celebrate sports and so many other actors, but we dont celebrate what is the nobel prize, though . Dont we celebrate science there . Not in a truly celebratory way. They will be very upset you said that. But i dont think you have physics and math. The point is to get kids to think that is what is cool. Right . Yeah, i guess i listen to all those complaining about the lack of engineers in the United States and yet when you graduate with an mba versus graduating with an engineering degree, you often get paid more. So its my contention that if the market really demands more engineers, they will start paying them more and more. Its just there are so many engineers being produced in Companies Like china, eventually all the stuff gets outsourced. Someone told president obama to have a degree with mitch mcconnell. He said, really . Why dont you have a drink with mitch mcconnell. Kids dont take communications and business, you take engineering. Really . You know what happens in engineering . Every man in my family is an engineer. Every uncle, my dad everybody. Your social life goes out the window. Maybe they dont live boring lives. I am not putting down civil engineering, but you do ee eee. Mechanical engineering, get ready to not go out for four years. But you want the engineers to be walking out the red carpet hanking out with Mark Zuckerberg. It takes a certain kind of person. You do you were at m. I. T. For a while, wasnt it fun . Not in engineering, but it might help as you see the jobs in that area. It might help get more i think right now people arent going into banking anymore. They are going into different things. They are going to silicon valley. If it continues to be this lucrative, you cant tell people to be an engineer. I do think celebrating success is a nice thing. By the way, i dont know if we have time, but have you seen the surry rvey on the wall street j . I think our red carpet looked better than their red carpet. But you pointed out we have problems with the young movers. We get the old movers and shakers but we have to find a way to get the young movers and shakers. We have to merge the breakthrough prize. Okay. Coming up, we are going to talk to the indexs newest member and well talk movies eventually. If ben affleck has a movie, you go and urge him to go into politics chch politics. Which is just what the world needs. His buddy just played a bad guy. I shouldnt say that because you disappoint know that right away. Nevermind. I saw interstellar on imax and it was awesome. The chair shakes when the rockets take off and stuff. Awesome. 70, though. And thats not including a vat of buttered popcorn. Anyway, as we go to break, heres a look at the last weeks s p 500 winners and losers. You probably know xerox as the company thats all about printing. But did you know we also support hospitals using Electronic Health records for more than 30 million patients . Or that our Software Helps over 20 million smartphone users remotely configure email every month . Or how about processing nearly 5 billion in electronic toll payments a year . In fact, todays xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. With xerox, youre ready for real business. And life gets lived. So right now if you get the 15 gig plan, well double the data and make it 30 gigs for the same price 30 gigs . Wow thats a lot. You dont have to do that for me. Its the same plan for everyone. Families. Businesses. Whoever. Riiiiight. yelling no celebrity treatment here yelling really isnt any celebrity treatment. Just a normal guy, getting a great deal. Were just saying it loudly for some reason. Get 30 gigs of data to share with family or your business. Switch to at t, buy a new smartphone and get a 150 dollar credit per line. Many americans who have prescriptions fail to stay on them. Thats why we created programs which encourage people to take their medications regularly. So join us as we raise a glass to everyone who remembered today. Bottoms up, america. See you tomorrow. Same time. Another innovation from cvs health. Because health is everything. receptionist Gunderman Group is growing. Getting in a groove. Growth is gratifying. Goal is to grow. Gotta get greater growth. I just talked to ups. They got expert advise, special discounts, new technologies. Like smart pick ups. Theyll only show up when you print a label and its automatic. We save time and money. Time . Money . Time and money. Awesome. Awesome awesome awesome awesome all awesome i love logistics. I scoured the news for something ominous or for the music, and i got nothing. Its an intense monday morning. The president s in china. There are things going on in the world. We had two kinds of music. We have light, sort of that music. We sort of have light. And the dow morning numbers indicate up 2 points. Will this give it to you . Cyber attack wars. I think michelle has already nailed it. Yes, youre right. Lets cue the music again. Cue the music again. Here we go. Another bond swings thats pretty serious. Here we are in the New York Times. The gops path to presidency tight. But it is possible we could have a republican president. Thats a warning. Turn up the music. Good morning, welcome back. That sounds like football music. Did you know the jets won yesterday . Who did they play . I wasnt focused on it. The new york jets. We live in new york. I wasnt focused on it. Welcome back to squawk box here on cnbc. Im joe kernan along with Andrew Ross Sorkin and michelle carusa cabrera. Becky quick is off today. It takes roethlisberger had 12 touchdowns in the last two games. I heard they played the cubs. Do you know who roethlisberger is . He had 12 touchdowns in the last two games until yesterday. No touchdowns for the home runs the mets. Come on. Who are you looking for . Anybody. Bueller . Crickets. Disneys big hero 6 won at the box office, 56. 2 million in ticket sales. In second place, i saw interstellar reporting 50 million in its first weekend. Let me tell you, Anne Hathaway says Matthew Mcconaughey takes adventures like no one has ever seen. They must love her because the actress from zero dark thirty is in it as well. We were talking about science. The whole plot revolves around relativity. When you travel at the speed of light, time is dilated and length is contracted. And things are different as einstein proved. If you travel and come back, people age. Think of the different plot twists you could make where and your loved ones are aging. Is this two thumbsup, three stars or four stars . You need to distend a lot of real belief. But it is really well done. These arent really i guess they sort of are its definitely a higher class of beings maybe somewhere. Something weird. Theres a lot of weird things. But a little bit of gravity involved, but on an imax it was amazing. But it was expensive. All in with the popcorn and the twizzlers, just with the family 100 bucks easily. Yeah. And you werent in the great seats that go all the way back. No. It was just the imax. And i didnt realize that imaxs are just like theaters. If you can see it on the imax, you would rather. President obama is in asia this week. Susan is joining us there with highlights from the apec summit. Reporter hi, there. The apec dinner is taking place and all the World Leaders, the most we have seen in beijing since the 2008 olympic games, are all decked out in traditional garb. Usually representatives of the coup industry are hosting this year, so u. S. President barack obama is dressed up in a silk suit along with russian president Vladimir Put