this is cnbc breaking news now. >> and we are following through big stories for you at this hour. is the jpmorgan deal in danger of collapse? another glitch rocking the nasdaq. and the dow continues its march to an all-time high. hi, everybody. mandy is out today. the stellar kayla tausche is in with us. welcome. >> thank you. >> we will begin with breaking news because it looks like the deal between jpmorgan and the justice department is falling apart. cnbc's kate kelly has the latest. >> brian, thanks so much. "wall street journal" reporting that deal, the much-anticipated

$13 billion settlement between the justice department and jpmorgan and others may be falling apart over essentially an accounting and liability issue that deals with essentially who is responsible for washington mutual loans inherited by jpmorgan in its purchase of wamu gone bad. will it be jpmorgan or the federal deposit insurance corporation? long story short, a dispute over who's responsible and who could as a result be responsible for billions of dollars in liabilities could be causing this deal to fall apart for "the wall street journal". jpmorgan shares going crazy as you mentioned. within 20 minutes after this news first came out, we saw about 4.5 million shares changing hands. that's gone to 6 million shares in the last half hour on a day where the total stock traded, kayla and brian, only about 14 million shares. a ton of activity ons these headlines. >> this is something that the market, of course, has been waiting for. the company really tell graphing this on its earnings call. we want to talk about how this

will impact the stock and we bring in jeff hart. thanks for being with us. given the fact that jpmorgan has said look we have $23 billion lying in wait to pay for these issues, does this nuance really matter about whether they have a potential refund to the fdic? >> you know, i do think it's kind of noise. what we're seeing with jpmorgan shares, this what is i'm seeing, is a relove tance to buy -- reluctance to buy because of the fear of unknown, not so much because of a desire to sell because they think a catastrophic end is coming. getting the settlement out of the way would be a big plays. not a settlement at all costs. it's making it work for both sides. knowing jamie dimon he's not one to walk away from a couple billion dollars. he thinks the fdic should contractually be picking up. i think this issue continues to go on and this may not be the end of it today. the headlines could change tomorrow. the at the end of the day the key for jpmorgan is, they can afford to kind of pay the type

of settlements and litigation cost we're looking at them possibly laying to take on and as soon as they can get this behind them people focus on a bank generating really best in class earnings across its businesses but trading at a big discount to its peers. >> if you were the company you would want to get this out of the way. the fdic has been pursuing litigation to this vain for several years before the doj talked about a potential settlement. if you were jpmorgan would you recommend settling with the justice department, state attorneys general and worrying about the fdic later? >> i don't know that you can necessarily settle one versus settling with the group of them. tots extent you could it would be nice to get out of the way. this is part of the negotiating process. there's a couple parties here, few parties, trying to reach an agreement that they can all get their arms around. i would not take the headlines today to really mean that this deal is done and there's not going to be any negotiating. this is kind of another step in the process. i would still expect to see

jpmorgan reach some kind of a settlement on this $13 billion led by the department of justice deal that we've been hearing about for a while. it's just, you know, not going to happen today. it may be a matter of weeks or god potentially even months. >> jeff hart, we'll be watching for that. thanks tou for joining us. >> another big story of the afternoon, a set of glitches hitting the nasdaq again. which was also trading near a record as well. the composite and the nasdaq 100 are back up after being frozen for about an hour. the company said it was a, quote, data dissemination issue. where have we heard that before? get to seema moody down at the nasdaq who has more and i know, seema, it's the indexes that were affected. come on, black eye for the nasdaq? >> it was a very unusual halt because we're not talking about the stocks that are traded on these indexes. we're talking about the actual nasdaq indexes. the nasdaq composite, the nasdaq 100 among other nasdaq specific indexes were not updating or trading. they were frozen for about 44

minutes from 11:53 a.m. to 12:37 p.m. eastern time, brian. equity operations as i said, stocks on these indexes were not impacted but nasdaq options market was haltsds for trade during this time. according to the nasdaq, it's global index data service 2.0 is a source of this issue, this feed experienced a brief disruption of service that was caused by a human error which resulted in the incorrect delivery of data to the system. nasdaq says it continues to investigate this issue. these systems, of course, are highly complex, still trying to understand if this feed has any connection with the sip, that's my question, which did impact nasdaq trading in august. if you take a look at nasdaq omx group, the operator of the nasdaq composite, ticker symbol ndaq we haven't seen big moves intraday although it is trading at session lows. one point to consider, these indexes were haltsds at 11:53 a.m. but an alert to traders

wasn't sent until 12:15 p.m. we're trying to understand why that was. sources of mine tell me that the nasdaq was trying to understand what the issue was before sending out an alert. back to you. >> between this, the previous nasdaq problem and the night capital group i think americans and international investors will get tired of these human software mistakes that people are making. >> you're right. >> ridiculous, right. where's the confidence? our third big story of the hour, the dow inching closer to another record high, all the problems we talked about notwithstanding. to bob pisani with the new york stock exchange. he's always working right. >> no glitches down here thank you very much. 15676, the closing high for the dow. we were there back in the middle of the september, folks. the old high. we're only 7 or 8 points away from it. what i want to point out we're at historic highs on the s&p, the dow transports, intraday basis, russell day 2,000 on an intraday at a hisseric high. how does this happen we keep hitting new highs.

the great rotation that keeps going on here. on days and weeks where tech stocks might be down, other things move up. in the last few days, consumer staple stocks and tellcom stocks, for example, put up democr there's your market leaders. every time something drops down something new comes in. look at the consumer staple stocks in the last few days. significant part of the s&p 500 ar cher daernl midland, procter & gamble, coal gait, clorox, all these stocks have been up every single day. back to you. >> all right. bob, thank you very much. let's bring in now premier wealth management's mark martyact and jim iuorio. my question nothing to do with the markets per se. to the point we made the nasdaq multiple problems, night capital group, problems here. and yet we continue to power higher toward all-time highs except everything but the nasdaq, of course, every day. why? >> don't fight the tape. as long as the tapering is off the table there's no reason to

not favor equities. especially if you're a moderate, moderate aggressive or aggressive investor. i caution my clients that you never lose money by taking a profit. very simply, you need to be overweight equities right now simply because we're focused on the fundamentals and a lot of the headwinds have been dissipated. >> you know, jim, we talk a lot about how to invest during the two-day fed meetings and prior meetings there was a lot of volatility, a lot of red in the market. seems like everyone expects taper is off the table as we heard from mark, but how are you expecting to invest during the two-day meeting. >> i thought a week ago and before the market was primed for a pull back because we were coming to a technical levels in the s&p and it didn't happen. we chewed through. even during earnings season mostly over, above those levels seems higher. we talk about these headlines of all-time high and reached it in

the s&p, in the nasdaq. just talking about it makes people on the sidelines consider how expensive it is to sit out these rallies. the glitches you talked about and the lack of confidence that have kept people on the sidelines make more money on the sidelines and might actually prove to make that last explosive move higher even more explosive and i think we'll know when we put in and see that. >> jim, i have a favor to ask of you, my friend, an important one. >> sure. anything for you. >> i want to retire from now on the word glitch. >> okay. >> hearing that word too much. software glitch that shut down medicare.gov. >> if someone eats a burger and gets ill, they won't because your place is spotless and fantastic, that's not a glitch, though. see my point? we're minimizing serious problems with language that doesn't represent what's actually happening. >> there's no question about it. we'll use more dramatic words like lack of confidence in the market and that's what begins to happen. either way it doesn't matter because we keep marching higher

because there's no alternative it. what's pushing us higher? rates going up? that's the major catalyst with rates at these levels where else do you go? it's attractive financing fueling buybacks from the the companies too. everything keeps going higher regardless of the "g" word we keep talking about, in mistrust. >> jim, mark, we keep talking about a pullback and haven't seen it yet for months we have been watching for it and yet we have some weakness in the economic data today. mark, we have to end it shortly, but i want to get your take on what brings us to a pullback? >> well, i believe a pullback will probably occur and for profit taking purposes. some time between now and the end of the year. my prediction is for the dow to go to 16,000. i think that's realistic before the end of the year or by the end of the year at the latest. it's trailing the s&p and it's, obviously, trailing the russell 2,000 respectively in terms of overall performance. so a pullback wouldn't be a bad opportunity for investors to take profits off the table. i still think the market will

continue to march higher. >> and we say that as the dow is just within a stone's throw of its all-time record. for now mark, jim, we will leave it there. >> thank you for having me. >> let's send it over to dominic chu for a market flash. >> kayla, blackberry management has met with facebook last week to gauge interest in a potential bid. this according to a report from dow jones citing their sources. so you're seeing blackberry shares moving toward session highs just off them. they got as high as 8.44s. remember, separately, blackberry today announced they got mill 20 million downloads of their service. back over to you. >> facebook says it won't build a phone but maybe it will buy one. >> the home. anybody remember that? operating system. >> long time ago. >> at&t wishes they could forget. >> all right. a lot more still ahead on "street signs." the head of obama care website gets grilled by congress plus as the dow goes to toward a record high, ceo of td ameritrade tells

us what investors are doing with their money. >> airlines reporting record fees, the baggage stuff you hate, why you should all stop complaining and start kind of loving the airline fees. >> i don't know about ha. >> we'll explain. >> what is that four-story floating mystery in san francisco bay? our hard-nosed team of reporters, josh lipton, is on the case when "street signs" returns. .

the official in charge obama care website has gotten quite the shellacking from congress. on the same day that nbc news reports the obama administration did know four years that millions would be dropped by their existing plans. people like michael from st. louis who told this to our bertha coombs. >> i was very surprised. i guess i kept an open mind to obama care and i really didn't think it was going to impact me because i thought i had a really very full, complete plan, that was not a -- what some people refer to as a substandard plan. >> cnbc's john harwood now is in washington and john, you know, i've seen the tweets and heard the defense from the white house, which is basically this, obama care is not forcing anybody to do anything the insurance companies are canceling plans, but doesn't the new regulations force the insurance companies to cancel

the plans? >> yes. it's not really true to say the obama administration has nothing to do with this, it's about the insurance companies. by design obama care is transforming the individual marketplace. to walk people through it a little bit, the individual marketplace is a relatively small part of the health insurance marketplace, about 15 million people get their coverage that way. you can be denied for preexisting conditions. it's difficult to get coverage. a lot of people who have coverage with inexpensive plans that the obama care raised standards for so that people would have fuller coverage. that means rate increases for some people. it means rate cuts for other people. but the balance of those two is colliding along with the fact that the substandard plans, the ones that didn't meet the conditions of obama care, are now done away with by insurance companies. everybody knew that was going to happen. it was not well explained by the administration and when the president came out and said

unequivocally you can keep the plan that if you like it, that wasn't the whole truth. it wasn't really true. because that is true for the employer based insurance market, that's most of the market or if you're on medicare or medicaid, that wasn't going to change, but in the individual marketplace, that was shaken up on purpose and now the administration is reaping the whirl wind of the president's unequivocal statements combined with the problems with the health exchange websites and until you get both a resolution from the white house of the exchange problems the website problem, and a better explanation of why the president described it the way he did, they're going to be in a world of trouble. >> that's obviously a big story, john, but you've got the pulse of the white house with the nasdaq stuff, with germany, this now, what's the mood inside the white house? this is arguably been a very difficult week for the administration. >> there's no question it's a difficult week. in fact, i was talking yesterday to a senior administration

official and discussing the aversion of economic calamity, debt default in the whole debt limit and government shutdown crisis and the official was saying well that was an easier time. we had a simple message, we could sell that message and ended up prevailing and winning over the republican opposition. we achieved a limited goal but we achieved it. now we've got a mess on our hands on a bunch of fronts from nasd nsa to health care. jay carney in the briefing room getting hammered by reporters on this issue. i had to step out but no, this is a very difficult time for the administration and they're going to have to fix it. >> a week to forget perhaps. john harwood, you to hustle back in. appreciate it. one thing is certain around obama care, great for the health insurance stocks. the returns from the insurers since the law was passed, look at that united up 96%, sigma 99%, aetna and humana up 76 and

82% respectively. far outpacing the dow. now in the past month most are down, so is this a change for them? sharon, health karp analyst at crt capitalists joining us now. you see the way the story is evolving. >> i do. >> the administration is very good with pr. so now this is the insurance companies fault. which maybe it is because they probably wrote the law anyway. do we sell the insurance companies on this? >> i don't think you sell the insurance companies on this per se because let's understand that the law is what it is and it does require that if you have a plan that doesn't meet the actuarial test, it doesn't fit with the definitions of a good plan under obama care, then you can't offer it anymore. so, you know, put the insurance companies in the seat of being the bad boys who love to cancel our insurance policies and deny us care and coverage and payments and all the rest of that, that's the easy pr answer here, but the tough answer is,

that the insurance market, the individual market in particular, is changing very few of those plans will be grandfathered and people will have to find other coverage. the good news is, that they can't be denied for preexisting conditions anymore. >> that makes it easier for them. i don't think that the health plans per se are sells because of obama care. they have lots of other issues. big pay fors for obama care coming up, the premium tax, they have for those in the medicare advantage business they have the headwinds of live cuts to their reimburse mpts for that medicare advantage program next year. there are sig cannot issues the plans are facing. >> another group that was on the move recently with obama care being put into implementation and that's the information it technology stocks. athena health, serner, all scripps, down a lot today and a lot of people think well, if they were sent to be the biggest ben factors from the

implementation of obama care what happens with this continued scrutiny? do you sell those stocks? >> well, i think that there's going to be some reckoning in the health care services group to begin with and anyone who is going to be at the end of this backlash against everybody and anything who worked on the exchange is going to have a rough time with their stocks. i would add one more name to this and that's united health group. it's important to understand the role of nighted in all of this. on the one hand they're a health insurance company that is only participating in four of the exchanges. lots of privates exchanges but four of the public individual ex exeses. it's somewhat of a disavow of the economics of that business. they don't think they can make money on the exchanges. that's a good thing from an investor perspective. we like them to make money. their optimum business unit qssi which god got a grilling on capitol hill because it is

responsible for two important pieces of the exchange the hub and the up front enrollment tool. the hub was working until the hardware failed. >> no doubt. >> didn't say glitch but it failed. >> well, i think we've outlawed glitch. maybe they will start using it. >> a dollar for the glitch jar which i just invented right now. >> i'll owe you. >> this debate is getting started. thank you for being with us. >> thank you. >> we have more news from steve liesman with a pop quiz, who's more dovish, janet yellen or ben bernanke? very topical topic steve and you have the answer today in the latest cnbc fed survey. >> the fed meeting today, expecting a statement tomorrow, but this is one of the last meetings of fed chairman ben bernanke. janet yellen nominated as his replacement. so we asked our 40 respondents on wall street, the economists, strategists, the money managers who is more dovish. overwhelming response here, 59 % saying that they think janet yellen is more dovish than ben bernanke with 15% saying much

more dovish and really nobody here saying more hawkish. 10% still holding out not making a determination just yet. taking a look here at the particular areas here. this is a scale of 0 to 5 we asked people to grade the two chairmen on. inflation concern bernanke about a 3, 3.5 on unemployment concern, monetary policy expertise up near 4. yellen less inflation concern, more concern about unemployment. that's where the more dovish really comes from. and pretty much on par on monetary policy expertise. take a look at a couple other areas. communication skills, financial market respect and regulatory expertise and you can see right here, yellen is seen as being better than bernanke, a little bit, on communication skills. not bad on financial market respect and on par on regulatory expertise. moving on to the issue of how clear and credible is the federal reserve after these two upsets in june again and in

september. and you can see here, 55% are saying i'm surprised by this number, say the fed is somewhat clear and credible. i guess there's room for improvement here. over here, 39% saying somewhat or not very clear and credible. jim paulson writes from wells capital management, could we have a bit of an inflation scare in 2014. yellen will come in, perceived as a dove when the u.s. dollar is weak and falling, commodity prices may be showing signs of lifting again. on a radar of a possible problem next year. and john donaldson at hayward says the criticism of yellen is being soft on inflation is unfair. she's fully committed to the fed's dual mission. what opportunity has there been for her to talk tough on inflation over the past several years? kayla, you can read all about this on cnbc.com and see the full survey there including the call for qe to last through all of 2014. kayla? >> thanks, steve. we'll do that.

and still ahead, the earnings squad swoops in with three big names to watch before they report. >> after the break, the president and ceo of td ameritrade is here. there he is. "street signs" is going to ask him if the individual investor is doubling down or getting out. fred thompson coming up. ♪ norfolk southern what's your function? ♪ hooking up the country helping business run ♪ ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo going all around the globe. cars and parts, fuel and steel, peas and rice, hey that's nice! ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one ♪ ♪ norfolk southern how's that function? ♪ the ocean gets warmer.

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isn't that amazing, despite everything we've talked about in the last day, week, month, quarters, years, stocks still at record highs and retail investors more and more getting back into the game and bigger profits for companies like td ameritrade which posted a record surge of new client assets last quarter and lo and behold the president of said company, fred thompson is here. he runs td ameritrade. great to see you again. the stats are pretty heady, right? >> great to be with you. >> more people coming in, the people there, got more money. what worries you right now,

though? what's keeping you up at night? >> i think right now, what's causing the retail investor to pause and worrying us is just this managing from crisis to crisis in washington and the continued gridlock and our inability to address some of our issues. the debt ceiling debate, the budget showdown, the government shutdown, continues to cause a lot of uncertainty for businesses and for investors. >> how do we resolve the uncertainty? don't say by making things more certain. be specific about ideas. i tell you what, fred, we know this, d.c. is clearly out of ideas. they're getting nothing done. so the business community is going to have to step up. what would you do? >> well, what i would do, i think we have to deal with the entitlements in the long term but it has to be a long-term plan, not a short-term plan. i think what's frustrating to businesses here, is the economy has started to improve, we started to talk about fed

tapering, and then we got all this uncertainty, you know, caused by the debt ceiling debate and the government shutdown that just i think has set us back for six months. i think if the government set a course to deal with entitlements and our fiscal issues in the long term and making -- creating a little bit more of a certain environment businesses and consume wears look after the rest. >> there's, obviously, uncertainty, fred, and i think wall street noticed your outlook for 2014 is a little light. do you think it's that uncertainty that's leading to that light outlook or would you attribute it to something else? >> i would say that we're pretty much -- the only difference between our outlook and the street is pretty much, you know, the street had a higher number for other revenue which is two cents of the three-cent difference but other than that all of our numbers are pretty much bang on the street estimates and, you know, so we feel pretty good about '14. >> fred, one quick last question before we have to wrap and that's we have a big deal coming through the pipeline next week

twitter. obviously its predecessor facebook when it went public caused a lot of headaches for the retail investor. if you had to give guidance to retail investors out there would you advise they buy twitter stock or sit on the sidelines for this one? >> i think, you know, we try not to give our investors a lot of advice but you should trade what you know and i think until a new ipo gets out into the market and it settles out, i think that's the better route for most retail traders. we're very -- our clients are very active on facebook and apple. >> all right. we'll certainly watch that one when it happens and hopefully turns out well for you. fred, ceo of td ameritrade. and it's time now for earnings squad. we'll send it to melissa and the crew. >> thanks, kayla. welcome to the earnings squad where we dissect the stories everyone is talking about. i'm melissa lee. joining me is cnbc's dominic chu and doc najarian, founder of

option monster.com. let's get to that scorecard. 56% of s&p 500 companies have reported so far. 69% beat their e ps targets. 11% met estimates. 20% of reports have come in below forecasts. and we got to start off with buffalo wild wings. the company set to report third quarter earnings today after the bell and, of course, everybody knows this stock because it has been a monster performer this year. so we're looking for pretty big move off earnings. 75% gain year to date. a lot of analysts are bullish although it's past track record when it comes to beats and misses has been spotty. four substantial earnings misses in the past five quarters. still going into this report, the stock is hitting a fresh new high. wonderlic securities out with a bullish report saying they expect 20% eps growth in 2014 and 2015 and points out that importantly, spot wing prices have come down recently and that could actually help, of course, buffalo wild wings. >> margins.

>> of course the bigger question is, are people going to casual dining establishments? we've seen weakness in retail sales numbers and restaurant chains. >> are they buying liquor. this is where buffalo wild wings hits it. it's the liquor. everybody thinks it's a wings story and certainly nice to have the price of wings down, but it's liquor and how much of that did they sell. >> it's like milk and cereal. >> for the record i have survived the blazin' challenge at buffalo wild wings twice. >> no firsthand experience with it. i'm sure they are delicious. linkedin reporting third-quarter results after the day. >> this is a big one because it's a precursor to facebook which reports tomorrow. this site like facebook talking about gains in subscribers. specifically in the u.s. and europe, developed markets. that's what investors will be looking at here. in facebook it's also important to see what the revenue streams are like for this company. you have paid subscriptions, also people who pay to use them as a source for job information. that's big. the options market, dr. j pricing in a plus or minus 9%

move op these shares. >> a big move. this is one of the best plays in social i think. i would like to own this one. i don't own it. but if it dips i will buy it. >> and talking about big moves priced by the options market we're getting results after the bell and what are we expecting? >> this one is very interesting because given that we've had the taper talk since may you would figure basically that many of these stocks would be hurt and yet, here they are several of them, zillow and true leah up 100% or more this year. somebody bought a big put spread in here so i'm betting on the downside. >> that does it for us today. if you want to join the conversation tweet us. we will be back tomorrow with more updates and incites and see you tonight on fast. back to you. >> thank you very much. still ahead, the most amazing video you will see today, it is a brazilian surfer, 100-foot wave, that's all we need to say. you have to see this coming up. ♪

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time for a segment we do every day called talking numbers part of helping you understand

stocks and we'll hit a name fundamentally and technically every single day. today's stock is one we talked about earlier, facebook. forester research slamming the name saying advertising on facebook is a waste of time and money. still, not hurting the stock, up 0.4%. earnings out tomorrow. rich ross with hourback grayson on the technicals. gina, begin with you. stock up almost 40% in the past three months. the report came out, nobody seems to be paying attention to it. do you like facebook at these levels? >> you know, i want to like facebook, but not at these levels. i think that they have great growth potential and -- but that is really largely priced in. they have lots of ways they can continue to mon tize and get more ad revenue. the article came out but they still have fantastic click through rates. that's why most are sort of ignoring that article. at the end of the day at 70 times forward pe, they basically

have to have growth similar to say google. you're talking about $5 billion revenue versus $50 billion revenue. for google. we haven't seen that kind of growth out of facebook. i think 70 times forward pe is a little lofty and just prooigs in way more ad growth than you can see even transitioning to mobile and instagram. they have good growth prospects but not 70 times forward pe. >> not 70 times forward pe. the if fundamental case. to the technicals. do the charts back that up? >> look, brian, you can ignore this survey from forester but ignore the technicals at your peril. this story is over. i would be a seller right here. pull up that chart real fast and show you why. when we pull up this chart that dates back to that ipo you see the stock forms a symmetrical triangle or a coil as the stock stores up the energy. boom, you get the breakout from that symmetrical triangle. when the company graces us with a mobile strategy back in july,

take out that horizontal chart resistance. what we love about the triangle not only tells you the direction of the next trade but gives you the upside target. the height of the part were, $27, project that to the upside, $54 where we start. pigs get slaughtered in this business. take your profits here. there's 20% downside in the name. you could see 46 or $50 in the stock. watch the 50 day moving average, use that as your protective stop on the downside. sell it here and get out of facebook. >> well said. clear and concise. gina and rich, thank you very much. and remember for more technicals and fundamentals check out the on-line edition of talking numbers part of our partnership with yahoo! finance. >> still ahead on "street signs," burgers and boats, what will they think of next in terms of iteration. two high flyers on a tear, whether they're worth it? >> why we should stop complaining about the fees that airlines charge us. i know kayla disagrees.

we'll show you some historical perspective coming up. bill griffeth, what is coming up on the "closing bell"? >> i wish i didn't have to buy a pillow when i got on an airplane. that's my beef. a huge lineup coming up on "closing bell." we have both dodd and frank with us today, aetna chairman and ceo mark bertolini reacts to nbc's report that the white house knew millions of americans would not be able to keep their health plans and goldman sachs one of the lead underwriter spot for twitter's anticipated ipo, ceo lloyd blankfein joins us and talk exclusively about what this deal means to his investment bank's bottom line. maria in chicago, i'm in new york. we look forward to seeing you at the top of the hour and could have an all-time high on the dow. up 100 points. back in a moment with more "street signs" after this. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads...

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quick update now on everybody's formerly favorite stock tesla, down about 1%, come back down. it's been a lousy month. it is the second worse performer in the nasdaq 100 if in the s&p 500 it would be the third worst over the past month. video of a tesla catching fire in a town in mexico last night,

have people worried this morning, kayla. >> and still, of course, richly valued up 377% year to date. >> a million dollars a car effectively if you choose to do it that way. >> we're talking about other richly valued stocks and with markets hovering near record highs some stocks are flying higher. . dominic chu here to take a look at the lofty evaluations and whether they're worth it. >> time for today's edition of are they worth it? our show showing you stocks and whether or not investors are paying what they're really worth. so let's take a look at our first stock today because this is a great one. this is wendy's, the fast food chain. they sell burgers. see the stock is up over 100 some percent so far over the past year. now, there are some interesting points to this particular stock. the good story for wendy's, is that they have the growth of fast casual dining kind of with them, in that in between spot like chipotle is serving upper scale menu items.

the bad part is they face stiff competition. there's all kinds of people in the fast dining business and that could mean that perhaps this stock has at least some headwinds ahead of pit what you're going to pay for this stock overall, the value, you're going to pay, again, huge 208 times earnings. you're going to pay $208 for every single dollar of profits that wendy's gives you. now let's look at one more stock here to round out our mix today. this particular company royal caribbean, very much for those vacationers. there is a great story about this. this stock is up about 28%. and the good story is, better booking trends. they're getting better action in asia and europe as well. a bad story maybe because demographics may be working against them. the older folks may be paying more for things like insurance in the future, may be a headwind for royal caribbean and this stock trades at 139 times earnings, $139, guys, for every single dollar of profit. some high flyers. back to you guys. >> definitely getting up there,

dom. we have another story up next, airline fees going wild. jaw dropping amount of money carriers are taking in by nickel and diming passengers, why it shouldn't matter, at least to brian sullivan. >> it's history. tackling the biggest mystery in america right now. what is floating in san francisco bay and by the way, also portland, maine? "street signs" will be right back.

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a new survey shows airline fees are at record shies. it is good new force carriers. phil lebeau with the story. >> we're getting this information from a firm who has been tracking this. the latest data shows this year airlines worldwide are on track to bring in $42.6 billion in

ancillary revenue, up 17.9%. bag fee as loan bring in $10 billion worldwide. major airlines generate the most ancillary revenue, in part because they have frequent flier credit card programs. they bring in about 60% of the ancillary revenue that we see collected in this industry. and when you look around the world, we are the leaders here in north america. $17.2 billion being brought in this year by airlines when it comes to ancillary revenue, ahead of europe. you see it drop off considerably. latin america, only $1.4 billion. i want to show you shares of delta. why are we showing you delta? we're going to show you the airline index because this index continues to move higher. guys, it's outperforming nearly every other index this year. in part because of the profitability of delta and all the other airlines in there. they're profitable because of these ancillary revenue streams. they have developed and will develop further in the future. >> phil, stick around here

because while we all hate these fees, right, check out this graphic that was dug up by derek thompson at "the atlantic" a few months ago. it shows even with the fees, pillow fee, toilet paper fee, whatever it is, it is way cheaper to fly than any time in history. let's bring in the aforementioned derrick thomas of "the atlantic." i loved your piece. when you think about it, if we're going to l.a. from new york for $350 round trip and we have to pay 50 bucks for the bag, our parents probably played 2 grand for inflation adjusted? >> that's right. when you go back to 1960s airlines were regulated and it was illegal to have a flight between los angeles and new york cost less than $1442 in inflation-adjusted dollars. it was illegal to price just that. nobody flew because they were priced out of the market.

today 80% of americans fly. a huge part is the cost of airfares has collapsed. it has fallen by 50% in the last 50 years. if you look at flights originating out of cities like chicago and atlanta, those have fallen by 50% in the last 20 years. since 1993. these airlines, which rarely make money, they've been unprofitable every other year since 1980. lost $50 billion in the lst decade, they have to find way to make money, and they chose these horrible, annoying fees. >> brian is smirking at me, because i'm a beneficiary of lower fees and i fly a lot, the quality experience of flying has gone down in an equivalent way. everyone is wearing sweat pants. not that -- >> listen, i agree. kayla, i agree with you on that point. >> flying is just -- it's -- >> i agree with that. >> it's excruciatingly painful. >> is that the fault of the airlines ort public? >> i'm not trying to be facetious here. i don't think can you blame the

airlines. they don't tell you how to dress when flying aboard these planes. >> clearly not. >> you're sticking a couple hundred people in a steel tube. nobody wants to be nothing a steel tube. >> clowns in a car. you're wrong. >> babies. >> you're right. the quality has gone down and that's beyond the control of the airlines. >> you get what you pay for. we've democrat tiesed the skies. we brought airlines, formerly unaffordable to 80% of the country to the people. people are going to dress like they are. if we have to open up -- if they can be opened up to the hoye paloy, they wear in sweat pants, lets family see each other, from an economic standpoint it lets someone from cincinnati spend money in san diego. it's a good thing. airlines have to find a way to be profitable and this is the way they do it. >> derek, i want you to write about how the airlines are turning into the amazon model. this is why i was smiling.

give something away as cheap as you can, the seat, amazon the kindle, and make it up on the back end. airlines have wised up to the way the world works over the last 20 years. >> right. certainly one way to think of it is weave unbundled the ticket. you were paying for the toilet, fine didn't use it, paying for the food even if you didn't eat it, a carry-on bag that was much larger. now we unbundled it and you pay for one seat and pay for the ancillary things, that's not a bad deal. that's american economics. >> appreciate it. thank you, phil. a lot more up next on "street signs," the most amazing video you'll see. don't try this at home. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance,

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check out the most incredible wave of all time. look at this. brazilian surfer cost this wave off the coast of port guiel, 100 feet high and he might end up in the guinness book of world record. the strongest wave was only 78 feet. that guy is just a speck on the horizon on that wall of water. >> got guts. awe mysterious floating bar has raised some eyebrows and many are looking to google to answers. they're not googling the answer. is this a secret google project, josh?

>> caller: listen, sully, we are here on the san francisco bay. what we're trying to do is solve a big mystery. trying to decide what exactly is this massive four-story floating structure behind me. now, there is speculation that what you're looking at is a floating data center designed by google. we did reach out to google for answers. they gave us a no comment. i checked in with data center experts so ask, why would you want a floating data center? what would be the benefits? she said, it would be mobile. you could use water to cool it. some data centers already use that technology. it might have applications if you had a natural disaster in which you would want a fully-functioning, self-contained data center. if all of this sounds a little wild. just a few years ago back google filed a patent for a water data center with seawater cooling

cylinders. reportedly there was a yacht that looked like the same one owned by larry page docked at this pier. back to you. >> we love a good mystery. the fact, you're on a boat for it. thank you. >> i need dramamine just to watch that. >> fun having you here. >> thanks for having me. >> give me a little -- >> "closing bell" starts right now. hi, everybody, welcome to the "closing bell." i'm maria bartiromo coming to you today from chicago. site of the paulson institute financial crisis symposium where we have a special lineup just ahead. bill, breaking news. >> yes pp, you do. but we have plenty going on here. i'm bill griffeth at the new york stock exchange. we'll have more about the incredible lineup in a moment. first, look at this market. we could be looking at a new all-time high for the dow this hour in addion