Saw it dipped l below 20, but highs we havent seen since last may. Its at 42. 67. Netflix, another story of a dip and a comeback. Back in 2011 you may remember it was over 900 only to see 300 only to see it drop down to 50 and they continue to build all that they provide and just try and make it better for their subscribers, making deal after deal and original programming. You also had an analyst today, i know youre going to be doing more with this story, ashley, rbc capital putting a price rate of 330 up from 280 with an outperform rating. Really at 300 they could say, listen, its run up exponentially. Instead saying, you know, we still love it. So it was an interesting, interesting story, but netflix and facebook, two names that we all know so well. Back to you. Ashley later this hour weve got the analyst who made that bullish call on netflix, rbcs mark mahaney himself, will be joining us later this hour to tell us why hes so bullish on netflix. Right to the floor show, weve got traders at the New York Stock Exchange and the cme group. Jonathan corpina be, not a bad day, of course, were all waiting for the big jobs report tomorrow, but does that number really matter when it comes to the fed tapering talk . Have they already made their mind up . I think they have made their mind up, and the numbers only going to matter if its way to the left or right. Economic data out of washington recently has been pretty much straight down the middle, and thats what the fed wants. They dont want the waves to get too high or too low because this was all their plan about getting to the end of september. Head liens have been headlines have been moving our markets, syria has pulled a little bit ahead of the tapering talks on the floor, but clear lay clearly, its going to be interesting to see what happens tomorrow and as we get towards a tapering date in our own mind, how the markets going to racket to that. Ashley dan howard, we talked about gold at the top of the show, dipped below that benchmark 1400 level and, of course, the victim, i guess, of a strong dollar today, but how far down could gold go . Well, gold is basically not only dollar sensitive, its also Interest Rate sensitive. So theres certain things that are really being taken advantage of right now. Anything thats Interest Rate sensitive in the way of stocks, even gold, anything that has an interest component, you know, is basically getting a hit here and will continue to get a hit a as long as the Interest Rates go through. If they go through 3 tomorrow which is very possible if we have any sort of a number at all in the employment number tomorrow, thats going to have another hit on gold. So i think we have further to fall if Interest Rates continue to rise. Ashley scott, i wanted to talk oil too. Weve had a bit of a rebound today. Where do you see oil going, especially with syria in mind . Well, you know, i actually looked up syria on the list of oilproducing countries, and its way down there. We have to worry about Everything Else around it. So weve got some geopolitical risk built in, it could go another 10 higher, but i still really feel that our economy even though, you know, were on a precipice here. Some folks think were doing okay. Id say the numbers have been not too hot, not too cold, and i think the fed is going to be frozen, and theyre going to have a difficult time doing anything because the economy still hasnt picked up. And ill remind you, were putting 85 billion every month, and its not working. 2 gdp . The country cant afford oil too much higher than 115, and we slowly go back down to that 95 level. Ashley jonathan, i guess you could argue that the bond purchasing, i guess, put off any disasters, its kept liquidity in the market, but how much of that has trickled down into main street economy . You know, weve seen it all across the board. And when you talk about main street economy, you talk about Small Business loans, companies havent been able to get loans, new home purchaser, theyre getting loans a little easier. It seems like the training wheels have helped some of the Smaller Companies and individuals but probably not to the extent that everyone was hoping to. So when we get to this point where the spigot starts to turn off, were going to start to see if all this movement in the market has been priced in already. Ashley dan, when the fed makes that move, has the market become desensitized enough now that its not going to be, you know,t on the markets . Do you think weve gotten to that stage now . It depends on what they do. If they only knock it down a little bit, say 5 billion, 10 billion, maybe up to 15 billion, i dont think its going to have that much of an impact. Be they take a more drastic step or put out a timeline, i think that could be a dramatic step because, i mean, can keep in mind 4 billion a working day is flowing somewhere, and most of its finding its its way into the market. If they have a significant change of opinion because of that announcement, i think that could have an impact on the market, but hopefully they go gradually. Ashley what do you say, scott . I want your opinion on that. Even a mini taper, could it throw the market for a loop . I dont think they should taper, but i think they will, and i think its going to be five billion. But i want to remind the viewers out there that thats a good analogy, the spigot. If we start to turn that spigot off, but at the same time weve got Interest Rates behind me rising right now, the tenyear up to 3 . Were pulling the plug on the drain at the same time were turning the spigot off, the economy cant take it. Ashley very good. Gentlemen, thank you so much, jonathan and dan and scott, thank you for your time. We appreciate it. Thank you. Ashley well, the crisis in syria again dominating headlines. In russia president obama and other g20 leaders are discussing the possibility of u. S. Military action, and in washington u. S. Lawmakers are still debating whether to authorize the use of force. Joining us from washington with all of the details, with the very latest, our very own rich edson. Reporter good afternoon, ashley. Day one of the g20 is nearing its conclusion. Just a short while ago president obama taking the lonely walk to the g20 working dinner as the United States and only a few other allies are alone in the world in a willingness to strike syria without u. N. Authorization. With russias alliance with the assad regime and its permanent vote on the u. N. Security council, it appears a u. N. Endorsement is out. That leaves the u. S. And congress. And back in Washington Administration officials continue briefing lawmakers. Many say they are undecided. In. Im not ready to vote on a resolution. I have more questions than i have answers, and i hope to get them over the course of today and tomorrow. Reporter the Senate ForeignRelations Committee has already advanced a resolution granting the president limited authority to attack syria. Under this plan president obama could have up to 90 days to conduct military operations against the assad regime. Congress returns in full monday when the house and senate begin considering the president s request to aa tack sir attack syria. Ashley rich, quickly, so we have talked about this. If Congress Says no, whats likelihood that the president will go ahead anyway . Reporter went asked, the administration will only say that it has confidence that congress will approve his request. [laughter] they are not tipping their hand on that one or ruling anything out. Ashley no big surprise there. Rich edson, thank you, as always. All right, the closing bell ringing in just about 51 minutes. Coming up next, the fallout of the nasdaq from that recent flash freeze. Our very own charlie grass plea know will bring gasparino will bring us exclusive details. Plus, we are counting down tomorrows big jobs report from the Labor Department. What does it all mean for the fed . Well be back in just a moment. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Ask me what its like to get your best nights sleep every night. [announcer] why not talk to someone whos sleeping on the most highly recommended d in america . Ask me about my tempurpedic. Ask me how fast i fall asleep. Ask me about staying asleep. [announcer] tempurpedic owners are more satisfied than owners of any traditional mattress brand. Tempurpedic. The most highly recommended bed in america. Buy a tempurpedic mattress set and get a free twin tempursimplicity mattress. Find a store near you at tempurpedic. Com. Ashley the power mover of the hour, louisiana pacific. Shares of the Building MaterialsCompany Moving higher today after the Company Announced it will be buying canadianbased peer ains worth lumber, however, shares down 12 so far this year. The company, by the way, of all things in nashville. There is your useless fact for the day. The it is a huge week for jobs. Tomorrow we get that big with Labor Department report for august. It could determine when the fed begins to taper bond purchases. Joining me now is jeff cleveland. All right, jeff, what are we expecting . I hear in the 175180,000 jobs added. Do you expect any big surprise either on the upside or downside . Given the data that weve seen, a wide array of labor market indicators whether its initial claims or the adp report, its all pointing, in our opinion, somewhere between 150,000 and 200,000 jobs, perhaps to higher end of that range given the ism nonmanufacturing survey released this morning which is an optimistic sign. But, you know, that sort of upside surprise is possible tomorrow. Dont want to rule it out. But i think were still in that 150200,000 range. Ashley you know, there are statistics, and when you dig into these numbers, jeff, its still some parts of this job recovery that bother you. I know a lot of parttime jobs are being created. Is that really a healthy scenario . You know, what bothers me is this layoffs, when you look at the layoffs picture, theyre very low. Job openings have come back, you know . Two, three years ago there were only about two million job openings, now were back up to four million job openings. But the pace of hiring has really been stuck at right around 180,000, 190,000 for a long period of time. Really the last 1224 months. That hasnt accelerated. Weve all been waiting as investors, as analysts for an acceleration. Im not sure were at a turning point where we see that quite yet, and thats really what bothers me. I would much rather see 200300,000 jobs, and i think that would be a sign of a more robust, healthy economy. Were still not there yet, but tomorrow morning i will look at the report with optimistic signs. Ashley so the big question, jeff, is what is Holding Back Business withs from hiring . Businesses from hiring . I think the big thing, you have a structural issue here which is you dont need as many human bodies, you dont need as much labor to produce the same amount of output as before. I think thats a big factor at play. If you look at consumer spending, the data we saw last week, the consumer is still sort of lackluster in terms of spending activity relative to previous cycles. I think Business InvestmentActivity Still continues to lag, and we think what you need to really drive employment is new businesses to form and existing businesses to really invest. And they have been reluctant or, you know, sort of slow in doing that. Optimistic, hopeful for the second half and into 2014, but thus far were just, were stuck in this sort of moderate growth environment. Keep in mind, this is much better than what people thought going into the year. Going into 2013, the calls were for a recession, a double dip recession, a fiscal cliffinduced recession, however you want to characterize it. And that hasnt played out. Instead weve seen just quite moderate, continued growth. So were making progress, but were still a long way away from what i would call a healthy labor market and a healthy u. S. Economy. Ashley yeah, its interesting because, you know, auto sales have been very strong, the Housing Market is showing signs of, well, gaining perhaps more substantial traction. But both of those also showing signs of maybe some deceleration. So are you concerned about that . I dont think that, you know, autos are going to carry the u. S. Economy. So i wouldnt pin all my hopes for a second half acceleration on the they are already back to 16 million annualized which is pretty good in our opinion. Housing, i dont think housing returns to the 20042005 boost to the u. S. Economy. But it has been a huge drag when you think of it. In no cycle in the postwar era have we built so few houses as we have in the last five years. And part of that is because household formation declined, but that is coming back. And i think as we see it there is a little bit of a supply shortage, if you will, a scarcity of Housing Units out there. And thats going to drive construction activity. That will help gdp. But i dont think thats going to be this massive tailwind that many are really hoping for, pinning their hopes on. Ashley all right, jeff, final question for you. What are you going to be looking for specifically in tomorrows report . What are you going to hone in on . Well, i think youve got to look at the pace of hiring, if it deviates significantly from that three month average or that twelve month average. Again, were looking for an acceleration. Federal reserve policymakers have said theyre looking for a pickup in activity. We want to see if we see that. Another thing ill look for, of course, the Unemployment Rate since the fed has really tied their federal funds rate policy to the 6. 5 Unemployment Rate threshold. Thatll be important to follow. Looking at any revisions to the back data. Those are all be in the mix tomorrow morning, 8 30 eastern or 5 30 here in los angeles. [laughter] ashley thats a great promo. Jeff cleveland, senior economist, thank you so much for joining us. My pleasure. Ashley all right. The closing bell ringing in just about 42 minutes. Netflix is on a roll, no doubt, after the success of its original series like house of cards. So just how much higher can these shares go . In a moment well be talking to an analyst who has just raised his price target getting exclusive new details on how last months flash freeze is hitting the nasdaq. Charlie gasparino will be here many just a few moments with that story. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. 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At t mobile share for business. No two peoplhave the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. Ashley gold has fallen to its lowest level in two weeks as economic reports show strong Economic Growth in the u. S. Lets head to sandra smith in the pits of cme with more on golds story. Reporter hey, ashley, were looking at the price right now, down another 20 today, at 1369, remember, 1400 has been the big number everybodys been watching s and were now firmly below there. We had topped there on all the concerns othere are back below there, and on that note, barclays has come out and said theyre actually downgrading their gold Mining Industry, and as a result today, those stocks are getting hit hard. Newmont mining, one of the names getting hit by a couple percent today. Gold corp. Remains one of barclays top picks amidst all this, still a quality name, offers production growth, cost controls. So theyre downgrading the entire gold Mining Industry to a neutral rating from a positive. Not a sell, a neutral rating. Double that up, ashley, with this enormous selloff in gold over the past couple of trading days, and youve got a pretty bearish environment for those gold stocks. So gold, silver and the other Precious Metals getting hit. Ashley taking a beating. Sandra, thank you very much. All right, shares of netflix skyrocketing today hitting an alltime high in the mornings trading after two analysts raise their price targets on the online video service. The stock, by the way, up more than 400 over the past year. So is there room to go even higher . One of those bullish analysts, mark mahaney, from Rbc Capital Markets, joins me now all the way from