to default is an irresponsible sort of path to take. but remember that just three or four weeks ago, the treasury secretary said we are willing to see the country go over the fiscal cliff. let's go down now and listen to the once and future speaker of the house of representatives, john boehner, of ohio, as he assumes the speakership for the new congress. >> -- and their two daughters, lindsay and trisha, and the entire boehner family. speaker boehner, i know all too well that well not always agree but i hope with all my heart that we will find common ground that is a higher better place for our country.

surely we can be touched by the better angels of our nation. -- nature. >> hello and welcome to "street signs" where we have double time for our our. speaker boehner set under fire the last few days, a newly re-elected speaker of house. when the speaker does begin speaking we will bring you his remarkes. we also have breaking news out of the federal reserve, minutes of its last meeting unveiled right at the 2:00 hour until the speaker begins to go on the -- why don't we go through highlights of the federal reserve minutes of their december meetings. most members of the fed considered financial conditions lit change from the previous meeting. he said that economic activity did continue to increase at a moderate pace in recent months. all right, we will give you more on fed minutes. gavel handed to the speaker. let us go now to the house where speaker john boehner will address the nation.

>> my god bless speaker boehner, may god bless this congress and bless the united states of america. my may i introduce, speaker of the house, john boehner. [ applause ] >> leader pelosi, thank you for your kind words. members of the house, and senate, my wife, debbie, who is with with us today. thankfully the girls are with working. and all of you in our fellow countrymen.

we meet again at democracies great port of call. every two years, at this hour the constitution brings a new order to this house and it is an interlude for reflection. a glimpse of old truths. and to our new members and our families, let me just say, welcome. [ applause ] i know you're feeling a bit awe struck at this moment. history runs through this building. now you're among a select few to share in this privilege. and for those of you who are returning, who have walked these aisles before, maybe it's time we get a little awe struck again. [ applause ]

you know, the way our founders envisioned it, the republican will be led by citizens who recognize that the blessings that we received by governing ourselves. and it requires that we give something of ourselves. everything dependent on this. so they made each other and successors a swear of an oath allegiance. in a few moments, i'll take this oath for the 12th time as the representative from eighth district of ohio. it is word for word the same oath we all taken a not that it makes no mention of party or faction or title, contains no reference to agenda or plat forms, only to the constitution. the one addition we dare make as george washington did at the very first inaugural is to envoc

the assistance of our heavenly father. this covenant makes us servants ever posterity. calling us to refuse the poll of passing interest and follow the fixed r of a more perfect union. put more simply, we are not sent here to be something, but to do something. [ applause ] or as i like it call it, doing the right thing. it is a big job and comes with big challenges. our government has built up too much debt. our economy is not ro pro ducing enough jobs and these are not separate problems at 16 trillion and rising our national debt is draining free enterprise and weakening the ship of steam. the american dream is in peril

so long as its name sake is weighed down by this anchor ever debt. breakity hold and we begin to settle economy -- >> fed minutes, which we don't normally get, there is a disagreement with the operating twist in the fed. i will read a direct quote of age 9 of the 25-page release. this is important. several others, meaning those on the fed, thought it would probably be appropriate to slow or stop purchases of bonds or treasuries or mortgagees well before the end of 2013. citing concern about financial that sta built or size of the balance sheet. in other words, more members are saying there could be unintended policy consequences about this or at least they are afraid of that mandy and they are sulgting that perhaps qe or twist should be slowed or stopped by the end of the year. >> that's big news. let's find out what kind of

reaction we see to this to the equity and bond markets. we find bob pisani. i'm watching the tick by tick here. feels like we have gone slightly more negative. >> we have. we lost 20, maybe 25 point. i think brian is right. guys down here agree that the comment about possibly discontinuing bond purchases, putting dow industrials, we were in positive territory going into the fed meeting -- fed minutes, excuse me, at 2:00. so we were up maybe 25 to 30 points on the dow. we lost about that same oomt. other than that going through this on the headlines, that we were getting, just as we come out, i didn't see much more than that. i would agree with that. let me show you fairly quickly, 60-point range. so volume a little bit lower than yesterday. take a look at other things and bring up some of the bond funds. i want to show what you is going

on with other issues here. emerging market stocks. turning negative but etfs, eem an vwo, this is a new high for emerging market etfs. bond markets receiving trickles of outflows. not a big move but we have been seeing moves for the down side for a while. this is one of the biggest funds out there and they own a diversity of bonds including government as well as corporate bonds. mappedy, i wouldn't say a big trend yet but volume into stock etfs and money -- looks like trickles coming out of bond etfs. that's a from 2013. >> we will watch very carefully and i would like to look at what is happening with the euro dollar rate right now. on the back of the big news we just got out of fed about the possibility of that some members were wanting or slowing or stopping of bond purchases before the end of the year,

seeing the euro drop at the drop of nearly 1% sitting there at 13068 and this morning rick santelli after the better than expected jobs number, we saw yields at three-month highs. what are they doing now? >> every mark set moving quite aggressively. right now, 25, 30, rewe have 40-point loss since five seconds before 2:00 east person. that's all attributed obviously to the notion that qe might be built into a cake that's half cooked. aleast in regards to longevity. we sold off and pushed yields from 186 to 190. so if you are just looking at intraday, we haven't had 1 .90 print intraday since the second week of september. look at 9 dollar index, up a third percent. now up over a half a cent which is partially explained by the euro you pointed out but more

broad-based. euro has been getting squashed for two days against most currencies. i think the dollar is benefitting from continuation but the implications. think about what it is saying. maybe we don't have to have so much purchase power and programs embedded into the marketplace. so there is a lost different wayes it look at this. >> and very u.s. dollar positive. let's talk more about the fed minutes with a former fed governor and also strategist of drw trading group. robert i would like to get to you first of all. if you are one of the voting members, would you have been one of the ones who would like to wear the slow or stop those purchases before the end of this year? . >> yes, definitely. if not sooner. there is a strong group in the fed ram reserve board and the fomc. but they don't all get to vote

at the same time. so you see in the statement reflected a significant number of people apparently are switching to the view that the fed just cannot go on to finance almost the entire federal deficit. >> indeed. i think bill this morning said the global money printing would lead to destructive bout of inflation. lou, what are the implications for the markets on the back of this? >> for one thing, the idea of a cost benefit analysis for the fed purchases is splg that was spoken in the statement and something they have been talking about the whole time. so the idea that some people on the fed are not happy with this program is not particularly news. i'm not aware of the quantitative invention, how many people on the fed are unhappy with the increase or decrease. but fact that there are some that are not happy with it is

important. about no, the idea thbernanke a are -- >> lou, sorry to interrupt but i want to get to a very basic bottom line here. it seems this could be the beginning of the end for four years of fed go-go juice. do you agree? >> no, not at all. >> why not? >> no. >> you got more people on the fed saying maybe there are some potentially negative consequences about this. >> like i say, i'm not aware of the quantity that they used on it. but in december, the meeting where the minutes are from, went to a program saying they will buy 45 billion long end without selling short end and they are going to tie to to macro economic ind kittors which they still think aren't going to click in until 2015. no, i don't think this is the beginning of the end.

this is certainly i think people staking out on the feds, staking out their positions at the onset of a new program. >> so you don't think this changes anything in terms of what lou says. this is not particularly new. you don't think this is the beginning of the end? >> i don't think it is the beginning of the end. i agree on that. this is still the obama fed and obama will be the president for the next four years. so the obama majority he has appointed on the federal reserve board, they carry theory the day and go on with the financing we are currently seeing. and so mainly among the presidents of the reserve banks and there are few. probably two or three of them that are of the opinion that program should be -- >> robert, are you suggesting perhaps that fed is politicized and maybe no matter how they feel fundamentally, they could be encouraged to keep the

economy humming? >> well, sounds like -- >> sounds like that's what you said. >> i don't think the fed is politicized as such. but appointees that come on through the federal reserve board, they are made by the president. and clearly they reflect to some extent the viewpoint of the president. and at the current time we have one single federal reserve on the left from bush's days. the rest are obama appointees. >> how much do you take in account for 2013 rae forecast? any tail wind or otherwise from the fed? seems like when you look at historical charts when a we've got from qe1, qe2 and qe3, there is definitely diminishing returns. >> that's who different arguments. what the fed intends to say and what people think about the efficacy of it. as far as just to finish up that

other point, the idea of the fed purchases -- the fed policy is extremely nuanced at this time. the fed fund policy is another thing. they said they will start at 25 million. this might indicate there is some fluctuating in the purchases from meetings to meeting. increase, decrease, you know, with the way this minute sound, maybe a decrease at some point in the year, not necessarily shutting it off. but as far as the fed policy goes, bernanke hears the clock ticking on the employment situation. the longer that it stays weak, it will -- the more he worries it will move from something he considered to be a cyclical situation into a structural situation that he cannot avoid. >> okay. lou -- >> i think he has his foot on the accelerator. >> lou, sorry to jump in with you. we have breaking news from seema

with the nasdaq. >> a story we are watching at the nasdaq, apparently some type of trading issues at nasdaq for a short amount of time around 1:50 p.m. eastern, roughly 20 minutes ago, we heard from traders they had problems getting quotes from nasdaq for several minutes. now the nasdaq confirms there was an issue and that 2 t has been resolved. we will be sure to keep you updated on any other developments. well continue to get to the bottom of this story but that's what we know this at this point. plannedy and brian. >> suddenly a very busy news day. thank you, seema after the break, bill gross of pemco will join us by phone for his meet reaction of the see fed. bill gross will have questions, coming up p. this is $100,000. we asked total strangers to watch it for us.

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we had big news out of the fed today with some feeling the purchases should be slowed or stopped all together on 2013. quick reaction. gold dropping about 23 bucks app. >> for the yield, it was at three-month highs this morning. ten-year yield ticked up hitting 190 earlier on. euro dropped. as for equity markets we have seen a mild tick down in all three major industries.

brian? >> bill gross, pemco won the floor. we appreciate you joining us on such short notice. as soon as we saw these headlines, we said with be we have to get bill on the line. do you few it this way? >> no, not a sea change but a bit of a surprise. a few wanted qe to end at the end of 2013 and several wanted it well before. so that means perhaps four or five members are in the opposing camp. the three musketeers, are driving force of the fed, in terms of decision making, as is mr. evans. so i think that they will maintain control, so to speak. but the surprise is that there is more dissension than what we thought beforehand. >> at the end of the day, bill, what are the chances there would

be any conditions in the economy to slow or stop the those purchases before the end of the year. >> good point. there was a new set of objectives as you mentioned, 5.6% unemployment and 12.5% inflation for 1 to 2 years. it seems to us at pimco and i think for the market, that unless we brooched 6.5% unemployment on the done side and quantitative aedsing would continue. we think they have very little choice absent those two conditions. >> what does it mean for the bond market? treasuries in particular, bill? >> i think the front end is protected by funds at 25 basis points for a period of time. admittedly that period of time is hazy and dependent on the two conditions that just mentioned.

front ends that the long end is a more problematic simply because that's what the fed buys. they buy about 80% of all treasury issuance and almost all long bonds and so quantitative easing were to end then it is a long bond suffering the most i would suspect but i don't anticipate that in 2013 or 2014. >> and you've been very critical of continued quantitative easing. you said valuation of currency and investment returns. would you be in favor of stopping qe earlier than later? >> i don't think it can. it is easy to say now but they shouldn't have begun the process and such a substantial amount to begin with it and now they are investing as trillion dollars every year into the market as are, by the way, other central banks. the beo is doing it, boj is threatening it and ecb is doing

their own particular qe. all central banks are trying to reflight. i think that's what the bond market has to, you know, has to fear. this 2, 2.5, 3% inflation increase. so investors move toward the front end of the yield curve and that means five years, four years, three years, as opposed to 30 year bonds. >> what does this mean for stocks. >> a slight meg. in in past, three months, 12 months, have been dependent on investors grabbing out and into equities as haven for return. and to the extent that fed doesn't buy treasuries then that would mean that the journey outward and into the equity market would be less of a dynamic and so i think -- >> even though it is less than a dynamic anyway right now? >> well yes. and i made that point too.

equities aren't in favor but i think aging boomers and that would continue to be the case but those speculating on reflags and stronger economic growth would certainly be tempered by this particular statement. >> okay, mr. bill gross, always a friend of "street signs." thank you very much for joining us today on the show. >> thank you. >> forgot to wish bill a happy new year. >> must have been right next to the phone. >> look at the big move in the dollar strengthening. >> gold down 25 bucks an ounce right now. >> yes. absolutely. >> yield spiking up to 190 a moment ago on the ten-year. >> yeah. get mortgages locked in now america. >> mandy. >> find out, if you can. i think my refie is still in process. five months and counting. >> a lot of questions now about it fed language change. what it will mean for the rest of the world? we are always thinking. we have a global participant here. >> we will talk about the rest of the world implications with

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meeting. we just talked about what it means here. maybe slight negative stocks but what it does it means for the rest of the world? let me bring in michelle creka crewso cabrera. >> the europeans will love that. you think of banks competing around the world for cheaper and cheaper money. you see this one line which says some members of the fed may want it end purchases before the end of 2013. you saw the dollar rise dramatically, and this is all relative. we could be the tightest central bank on the block, next to the other big ones we talk about with europe and japan. a lot to say right now, but -- >> and i think not just the europeans but the asian woebs thrilled to pieces to have a stronger dollar as well. they spend a lot of time --

>> a great day for japan and my bet on nikkei, by wait. >> a weaker yen. and if you see the nikkei. >> i was chugging sake on the break. >> the fed handed them a gift. >> absolutely. absolutely. >> one thing to think about. >> let's bring in louise cooper. what do you think about the implications globery, louise? >> i add very interesting lunch just before christmas. and we were talking about the end of qe in the uk. currently, about 375 billion pounds of british government bonds have been augbought out ar total of about a trillion. how much can be bought? i've chatted to a number of members of the monitor committee and they recommend about half. so in the uk, that far away from the end of the qe, and when that

happens, that is going to be very negative for guilts. we have seen the guilt market sell off already, rising over 2% today, up from 1.4% lows. i think the end of qe is a very worrying thing for both economies and for -- and for the government bond market. >> louise, louise, louise, you lost me a little bit at guilt. i know the world according to that guy -- >> look out of the european weeds -- >> bottom line. may be bad for our treasuries here. may be bad for your government bonds and other parts of europe. so when and if the fed does this because you know they want to single the language out, who benefits? besides japan so they can sell more betamax players or whatever they are making now. >> depends whether stopping qe

because just the capacity -- they have bought so many treasuries they just can't buy any more. if you are stopping qe for that then that's not great for the rest of the world. if they are stopping qe because the u.s. economy is doing well, then that's fine. >> i think that raises -- >> and the uk, they need to stop qe soon because they just bought a third of the uk government bond markets. we are almost up to half. >> we were saying earlier, japan benefits. europe would love to see the euro be weaker. vis-a-vis u.s. currency. however pb if feds actions and they stop buying lead to weaker u.s. economy then that turns out to be bad for european economy, right? >> if they stop too early because they are worried about the aaccumulative problems down the road as opposed to stopping because we are already in a strong place, we still have number one economy, but it is still number one economy and the world is globalized.

>> i think 23 members of the eurozone, gdp perspective, is the same eyes as america. >> bigger than the united states. >> it needs olive oil in greece, right? manufacturing out of germany. >> champagne france. >> exactly. they need stuff to be cheaper so we can gorge on champagne and corks. >> lucky you. what do i get to gorge on? we don't get to gorge on anything. what does the uk make any more? i'm not sure what we make any more. we know there are currency wars. this is the language. in the current environment, of course we will see currency wars. so yes, you know, europe would love to see a stronger dollar. but lots of places would. >> to louise's points, when i

head through the minutes, there are members that would love to go to 213 and beyond. this clear division what isn't said here at all is why anyone expressed any opinion it is. >> putting his hand up and saying that these asset purchases unlikely add to growth. bottom line, not helping any more. >> you stink, how come? don't know, just do. thank you michelle, very much. >> you're welcome. >> thank you for stepping in on the family fight. >> google get a bit after free pass. plus news on the markets and whole block on guilts. right after this. tdd#: 1-800-345-2550 when i'm trading, i'm so into it,

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top stories of the day that may j just flown under your radar, now front and center. hugh nighted health, what is it doing? >> sometimes forget it is a dow company and what it is doing. deutsche bank downgrading, citing lack of catalysts. united health, worst in the dow right now. deutsche keeps a buy rating on aetna, which is the cheapest of the group. >> sounds like a biotech. i need melonlanox because my ey lids are drooping. this stock is up 60% this year. but mellanox with today's hair cut is under 14. >> a lot of coming out today, the discount retailer, what is

it up to? >> it is down -- >> what is it down to, i should say. >> that is the biggest single drop for fdo in 12 years. guidance stumped for the full year 2013. >> a margin -- >> when everything is a dollar. >> an lot of margin. not a lot of pad in there. >> dollar tree, is not a store where dollars grow on trees. i thought it was, i mistakenly walked in. >> or selling christmas trees for a dollar. >> tough news also for one of the most despicable diseases out there. >> yeah pz lou gehrig's disease. they had a third trial, trial result not good. they are ceasing development of the drug. bad day also for folks suffering from als. piper jaffray cutting its sun cast.

>> solar panel making moving higher. >> i wanted to end on a high note. >> and do you. >> little sunshine, literally with sun power, raising shares of sunpower, to move to neutral. saying investors are overlooking the stock. strong sales disability and ability to turn healthy returns what we know to be a highly competitive solar market. >> tough solar market. >> boost from warren buffer tbu. >> nothing like the name warren buffett to throw in there -- >> it is berkshire hathaway -- >> bought shoes from him once. >> ending a long with the fdc. i would imagine criticses of google are dips pointed with the shrill slap on the wrist, right? >> it was a slap in the sense

that this is just a voluntarily agreement. there is no teeth into it, in the sense of being binding and google add long string of things that they've done, you know, some even illegal activity. and all we've ever seen is a fine here, slap on the wrist here. this is a continuation of everything we have seen in the past and very unfortunate considering that google has significant market power and they've manipulated search ranking. >> so you don't think it is the right decision then? >> i don't think they realize when they do an on-line search they aren't getting a not organic church that not bias but result favoring google advertisers. >> what wrong with that? no one is forced it use google. there is bing, yahoo!. just go to some someone else if you don't like their searches.

>> people don't realize their searches are manipulated. if i saw an ad with advertisement on top of it, i know it's an ad. but if i google something, i believe i get an organic search. in fact what i might get is a a manipulation of results that favors towards googles website and not competition. i think there is self-dealing going on. as google gets more and more involved in things such as mapping -- >> sorry to be tough on you, because i don't disagree fundamentally, but aren't you treating google like a public service rather than corporation. honda is going it steer me to use a civic. that is an surprise to me. i choose to use google. >> with honda, you have a sticker that tells you results. people believe that this is a fair result. that what they are getting outs of google is unbiassed search. maybe there is disclosure.

i'm not calling for regulations. i think people need to be involved about it. what we have coming out of this is just a voluntarily commitment, not a combineding commitment, that europe is coming out with in about two weerks. ftc would have been wriez to wait two weeks and see what eu was going to do about this issue because we might see more teeth coming overseas. >> okay. we have to leave it there. thank you very much to steve, of the american consumer institute. i should add that google schmidt is currently making a trip to north korea. some people say maybe it a sign that north korea might want to see more of the outside world. the government is saying, not helpful to making a trip there right now. >> with googling or whatever they do pyongyang. >> coming up next, making money

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coming up on the closing bell, a fd fight after very weak 2012. should you eat up shares of mcdonald's or wendy's with their new dollar value men use? we have the trade on that. also aetna's ce 10 leading the charge for the debt. why he says the tax deal congress just passed does not go nearly far enough. an former wells fargo ceo is with us. he will tell us why the only way to fix the debt problem is to educate americans. he said our country is going to hell. can i say that on cable television? i just did. kelly is back with us and we look forward to seeing us, for the most important hour of the trading day, as you know. >> bill might be right. don't feel bad about it. the dollar on the back after change. little subtle. page nine about how some members say we should stop or slow bond

buying by the end of this year, moving the dollar up. moving gold down. can your treasury y50e8d. look at that. yields are going up, refie now. stock market down nine points. >> yeah. put your application in now and get your refie closed in about eight months time from now. don't mistake the forest from the trees. a tough asset class it play. as kate kelly found out, kate, what are we looking at with lumber? i've seen dire predictions for lumber prices this year? >> have you really, mandy. i heard it was the best performing commodity in the year with upside of 49% on the future side. on the physical side, not bad either. cash side for lumber rows 40%. analysts predict a strong 2013. in terms of what you're hearing, there is a waiver at least on the physical price side and few furs suggest that will happen as well but narjly based on great

expectations for housing starts this is the bull case which have almost doubled from the lows of 2009 and went up another 20% in 2012. the question is, though, how do you play it? from a stock perspective it can be tough. many players are privately held today. one of the major public players can you get into it weyerhauser. analyst said they had more room to run. certainly respective in the year ahead. commodity side can also be tough. lumber is one of the thinner markets in an outlying month in september told me just the other day, open interest is literally ten contracts. even hedge fund managers like to stay away from it despite big gains of last year. in a yield starved market, most lumber names are solid investment grade objects. fundamentals are still good. demand from china and other parts of asia as well as muted

supply because so many mills shut down and laid people off in 2012. you now have higher prices and sort after situation that could persist for a little while. one person i spoke to is recommending names like georgia pacific, owned by coke. and potlatch, which has industries, mandy and brian. >> let me ask you about the forecast asaw, after what you said is a very good 2012 mp more tra production on-line with canada which is the world's biggest exporter. >> no doubt there is a lot of competition from canada. they have tons of forests there that can be used for opportunities in this case. they have a problem with a pine beatle. >> could be a problem. >> it is much less of a problem here in the u.s. i'm not sure if t is a problem at all here. the other decision is how close are they to the coast and how much can they meet the asian demand. you may have a hard time getting

goods overseas, where if you are closer to the ocean, it might be easier. >> may 5 of 2011 is weyerhauser being undervalued. >> down hill from there. >> certainly people thought that last year. when you see a 50% plus up surge, you know people are up to something. >> and harvard buying physical timber land. >> harvard management still likes timber. they said that is one of their favorite ideas. >> and disthe pine beatle. thank you so much pch kate kelly. >> did you know the lone star state produces more oil than three opec nations combined? why it is time for opec to open up to texas tea when "street signs" returned. >> the rain in spain. >> hard to say when you're

. well, 44 years ago today alaska was named the 49th state. that nearly 100 years after the area was bought from russia for $7 million, 120 million in today's money. the alaskan pipeline produced more than 540,000 barrels last year which is more than 212

million bucks in oil. not a bad return on investment, brian. >> not bad at all. by now you've heard reports that the u.s. will become the world's biggest oil producer by the end of the decade. the reason, a huge production boom in the gulf of mexico, particularly in texas. but now consider this. if texas were a member of opec, not america, texas, it would be the cartel's seventh biggest member. so should the lone star state join opec? could it? let's bring in andy lippeau, president of lippeau associates. is this even possible, and? >> it's not possible because you don't see the u.s. joining opec in any form, but what's interesting is that texas oil production has risen so substantially over the last year due to this fracing revolution that our increased production is making the u.s. really a significant oil production force that opec now needs to reckon with. >> i mean, absolutely. takes producers more oil than nigeria. this is a purely academic

debate, but what would be the pros and the cons of joining opec? >> well, the pros, if we joined opec, is we would have a seat at the table, and we could argue with them about production quotas for around the world. of course, texas oil producers have to report to their shareholders. members of opec do not. they report to their populations to support the social programs. >> yeah, okay. so this is merely an exercise in speculation then, but, listen. we know that texas has kind of got its own thing going on. maybe it's not -- and i love it, by the way. maybe it's not opec, andy, but could texas, you know, they control a lot of pipelines to the gulf. i mean, you know, they could go a lot of ways here. >> well, it's good for the texas economy, and, of course, you've heard our governor talk in the past about seceding from the rest of the united states which, of course, is not going to happen as well. but the fact is that texas oil production as well as the rest of the country, especially in north dakota, is changing the

dynamics of the u.s. and especially as we look ahead five years or ten years and we produce enough oil, that we don't have to depend on the middle east, the political dynamics between the u.s. and the persian gulf governments change significantly where we can decide do they need us more than we need them? >> mm-hmm. would it give us more say and, therefore, more control over prices of crude, andy? >> well, i don't think it will give us more control over prices since it is a global commodity, and you see that happen every day as world oil demand grows, but the fact is on a political level the u.s. i think would have much more say as to what's going on there. we wouldn't need the oil out of the persian gulf as much as they might need the security of the u.s. for them to stay in business. >> yeah. there was an article in the f.t." a week ago that opec had 1 trillion in profits, and they literally have cash bonfires over there. is there any way to reduce their power? >> well, the way that you would reduce their power is for the

rest of the world to produce more while they simultaneously consume less with energy efficiency. that would drive down the price of oil, impacting their revenues. of course, it would hurt several of the states here in the u.s., notably texas. alaska, which is very dependant on revenues as well. >> we have to leave it there, andy. i should also note, by the way, we're talking about texas joining opec or not. north dakota produced more than qatar and ecuador. >> yeah, but there's already been six flags flown over texas. they have a penchant for this kind of thing, which i dig a lot. i'll head up the cnbc dallas bureau any time. coming up, things that make you go hmm. next. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently.

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