volume about 2.5 times greater than down volume today but a quiet to your point rather quiet day. we've gotten spoiled with the trading in the past. >> never trust a quiet market. >> right. we'll wrap it up for this edition of "power lunch," sue. >> see you when you get home. "street signs" begins now. also never trust a quiet news anchor. so you should not trust us at all. welcome to the big show, everybody. your hot topics, can blackberry rise from the ashes like a phoenix or will the company meet its end. with its ipo this week who's using twitter? the one thing nobody is talking about that may save christmas and the most important question anybody today is asking, mandy, should we dump the stupidity that is daylight saving time? i'll remind everybody sun set at 4:48 tonight. >> that bites.

okay. let's take a look at the markets. the dow and s&p are starting the week flat but we are nonetheless going for their fifth straight week of gains. we're also on pace for the best year since 2003. the real action though is in what was once canada's most valuable company with shares over $140 apiece, yes, we are talking about blackberry. currently down by about 16% and sitting at less than 7 bucks a share. let's get straight to josh lipton with more on this developing story. give us the latest, josh. >> mandy, blackberry certainly shocking investors this morning, moving to fire its ceo and bane don a buyout by fairfax financial. smartphone maker works hard to reverse a dramatic fall in market cap and market share. big change at the suite, thorsten heins ousted in the next two weeks. john clen will serve as interim ceo. now talking to a lot of analysts who cover blackberry. here's what i'm hearing from the street. the best path was to go private and the company would have had a

chance to regroup and refocus out of the public spotlight. that option is off the table. so now colin gillis says we're back to the cycle of constant negative news which becomes a self-pro filling prophecy. if you're an enterprise company you might be concerned about partnering with a company that could get broken up. what's next, one option gillis says could be a so-called take under, meaning the company sells itself on the cheap. another option, sell off pieces. the messaging service, the portfolio. regardless, remember all this is happening as the competition keeps heating up. google introduced the new version of its android operating system and if you look at the global smartphone operating system market, idc forecasts android leading the pack in 2013 with 75% of market share, blackberry comes in fourth behind windows at 2.7%. investors will look forward to seeing who the new ceo is, what the strategy will be to try to save the company. the companies, how much cash did

blackberry burn, how many subscribers are left and people abandoning the platform. >> josh, thank you very much. no doubt the story marches on. can these changes save this once great company or have the times and technology simply passed it by? bring in ed snyder and c-net's roger chang. roger, first to you, any hope for blackberry at all? >> unfortunately not. blackberry had their shot for a comeback. thorsten heins, blackberry 10 the launch order this year, they failed. sad to see a competitor go down but doesn't seem there's a shot. >> do you agree, ed, their shot for comeback has passed? is is there nothing that could be a long-term gain? >> you could turn it around. the odds are long against that occurring. you could. there has been one successful of a handset company motorola in

2003, but it's very, very difficult. the cash costs, the organizational problems, it's going to be a very long haul. >> you know, i think, roger, about 1998, when apple was a $3 stock, on death's door. larry ellison of oracle talked about buying the company to reinstall his buddy steve jobs as ceo. apple was a phoenix. reinvented itself. why do you argue so strongly that blackberry can't do that? >> apple is the exception to the rule. i would argue that motorola's comeback wasn't a comeback. it was still losing money when it got bought out by google. apple's comeback came at a different time. they had a successful hit, ipad, iphone, ipod. number of products well received. blackberry, blackberry's coming out at a time when it's not just the product, you need to have software, services, a whole ecosystem around it. unfortunately with apple and google, samsung all around it, blackberry couldn't compete. still can't compete. >> still can't compete. what do we think of john chen?

i mean he's known as a no nonsense kind of guy, very business savvy. is he the right man to maybe have a shot at this? >> no, i don't think so. you need somebody with a lot of operational experience in handsets. i disagree about the motorola turnaround. they were profitable with razor and triplets but that was an operational focused team. brought in guys from nike, ge, and they fixed the company and it was only later that it was brought to its knees by a new ceo. the point is if you're going to fix it you have to have somebody who knows this business. you don't have the luxury of time to figure it out as you go along. you have to find somebody who knows handsets and aren't many of those guys around. >> who could it be besides john chen? if you were to hand pick somebody for this job? >> right now, i can't really see that many people out there that actually have the expertise for that. >> david copperfield? >> probably. yeah. houdini. john chen, he's more of a software guy. that seems to be where the

investors want to take the company. >> the reason i bring that up, doesn't that tell us a little bit about which direction the board may want to go in here? >> absolutely. >> we will probably end -- won't see any physical blackberries but the company may exist as operating like the new bbm is their messenger launching on ios and android. >> that's it. i mean the company, the investors want to push this into a software-based company. it's still unclear to me, you know, where the demand is for that software. there is obviously companies that work with blackberry right now, but looking at all the drama, the issues right now it's hard to see a lot of big businesses jumping on to the blackberry bandwagon now. >> quickly, roger, i mean they're launching the z 30 on verizon this month. i hate to say it is it worth it? in light of what's happening with the company? if you're a company would you really use blackberry as your platform at this stage? >> a lot of companies are letting employees bring their own phones in and those aren't blackberries. i've had the z 30 a couple days.

it's a decent phone. more of the same, z 10 but a little larger. it's really not worth it at this point. >> yeah. ed, listen, as an analyst, you're looking at the value of the company. we talk often about the patents. remember the ntp fight a few years ago which valued blackberry as like the richest company in all the land in terms of ip. any real idea what the stuff is worth? it could be zero or a trillion. >> precisely. those are heady days because everybody was battling to get a patent portfolio. google looking for one. apple. that market has passed. everybody got what they needed. you're not going to see the bids for the ip and lots of individual pieces but getting different suitors to take those and ignore the money losing hand set side of the business will be difficult. it's going to be a tough hurdle to turn this company around. >> apparently john chen says they have no plans to shut down their handset business. ed, roger -- >> make losses and handsets.

>> losses and handsets thank you very much. >> another big story today continues to develop. the u.s. attorney in new york announcing a massive settlement in the sac case. kate kelly all over the case since the beginning and kate, isn't case closed, is it? >> it is absolutely not closed, brian, and if there was any prevailing message today from the u.s. attorney for the southern district and the fbi who were both there, that was it. they're still working on this. no one should rest easy. couple key points from u.s. attorney preet bharara. he said it's a rare thing to hold a corporate entity like this accountable for these sorts of security fraud charges. the $1.8 billion is a record certainly for insider trading. again, no one has immunity as a result of this. not steve cohen or anybody else. there should be minimal impact, important for our viewers to the markets and to other parties who do business with sac. still, the questions from the audience were skeptical. a lot of questions about why steve cohen was ultimately not a part of this, what happens next. there's a sense that sac wants

to reopen after just a short period of time. bharara was having to say no, that's not going to happen. they have about five years to unwind and we think it will take less than that. what they do after that whether they open up a new fund or turn night a family office is up to other parties. here's what he had to say about the significance overall. >> greed sometimes is not good. and there are at least 75 convicted insider trading defendants who today would likely agree. but individual guilt is not the whole of our mission. sometimes blame worthy institutions need to be held accountable too. no institution should rest easy in the belief that it is too big to jail. >> reporter: so obviously tough words there from preet bharara in terms of individuals who think that they may be off the hook. we'll see what happens next. in the meantime brian, an interesting end to at least one chapter of a year's long probe

and a month's long criminal indictment. >> and i've got some breaking news for you as well, kate, because you're out there reporting, so the sac statement just came down and i'm going to read it and listen in. >> let's hear it. >> the sac statement just released, the breaking news animation up, quote, we take responsibility for the handful of men who pleaded guilty and whose conduct gave rise to sac's liability. the tiny fraction of wrongdoughers does not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. so there you go. sac has never encouraged, promoted or tolerated insider trading. that sac statement just coming down as well, kate. thank you very much. >> that's an -- >> go ahead, comment. >> that's an interesting point there. i knew that they would plead guilty to securities fraud and actually they pled guilty to every count in the dimindictmeni was also told we were unlikely to see they had promoted insider

trading something alleged in the july indictment and they're articulating that in a statement here. it will be interesting to see if there's additional paperwork filed in terms of more detail and what they do admit, they're trying to minimize the sense of how per vasesive this was. preet bharara was a magnet for market cheaters. now sac saying handful of men involved, just a handful, exception to the rule. >> kate kelly, thank you very much. appreciate it. >> all right. up next, are the markets like bill gross told us last week, mandy, a little bubbly. we're going to play a numbers game to try to pop the bubble. >> gas falling below $3 a gallon in some spots. will the good news at the pump translate to big money for retailers this holiday season? >> the extra hour of sleep is costing all of us a lot of money. we're going to speak with an economist who wants to get rid of daylight savings time to switching to two time zones. we'll debate that and let us know what you think on twitter. i put a poll out, yes, we get

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i want you to know stuff i want you to be kind. i want you to be smart. super smart. i want one thing in a doctor. i want you to be handsome. i want you to be awesome. i don't want you to look at the chart before you say hi...david. i want you to return my emails. i want you to keep me doing this for another sixty years. at kaiser permanente, we want you to choose the doctor that's right for you. find your perfect match at kp.org and thrive. dow has dow has had a major year and some like bill gross on this fine program last week calling the market a little bubbly. is it really? let's take a look at the top five best years for the dow and the percentage gains for the year. the index's best year was 1915. woodrow wilson was president and

the louisa taineny was sunk. the dow ended up almost 81% outpacing the second best gains, 33, 28, 1908 and 1954. buy the railroads. take a look at the dow this year given we still got two more months to go more or less but if we end here today, where would 2013 fall in the rank of the best performing years? you think pretty high, right? not really. it's the 31st year for the dow, up about 19% and only number, mandy, 31. kind of hard to believe given the run we've had. this is no 1915, that's for sure. >> it is hard to believe, suspect it? you know what, brian, the year is not over yet. are we going to be headed higher into 2014? joining us now from permanent port flol family of funds, michael and robert from ban yon partners. great to have you with us. michael, you sent over notes and said, in response to the question of will we end the year higher than where we are now,

you said 50/50. that's not good enough. i'm sorry. 50/50 is not good enough. you have to give us a better answer than that. put yourself out there. >> mandy, as you know, we're known for diversification and balancing risks. i guess what would you expect, right? i think you have to take a look at where we are. the market, you know, the run in stock prices has outpaced the growth in corporate earnings this year and so that's a potential negative. yet, you do have the federal reserve involved and apparently not going anywhere any time soon. we think the noise last week was the market overreacting to comments. as long as you have the dual mandate of lowering employment and no near term inflation risk the fed will be around for a while. those two arguments kind of go against each other. you do have tax selling, people locking in gains, that would be an argument to sell some positions yet pes are not overly expensive. they're reasonable, not what i

would consider bubble territory. you have a balanced approach. >> balanced approach and also bob, do you think it's fair to say, you know, the market is up 20%. even if i think it might go a little higher at the end of the year, i'm not going to take the risk. i'm going to take my good 20% profit and run. is that a fair point? >> for a professional investor it is, but for an average retail investor i wouldn't worry about it. the market is being pushed higher for several reasons. you have a lot of hedge funds and mutual funds that have underperformed this year and now having to chase the market going higher. they're moving in to the large cap dow names because these are the things that have sort of done okay but not as well as some of the other names out there. they want to try to make up for what they've lost out on. you have the retail investor. the retail investor is being attracted to the market and seeing a market up 19% for the dow, 20 something percent up for the s&p 500. they want to participate and going to continue to stick with it. you also have earnings. earnings have come in fairly

well when you take a look at it on sort of a top line basis but when you delve into the numbers the earnings really aren't that terrific. companies have been lowering their guidance and analysts taking down their numbers. you could say well, there's a reason. but really what's driving this market going is qe. quantitative easing. tapering has been pushed off to next year. there was concern last week that fed might start to move on tapering into december, but that's very unlikely. the market -- market may have gotten ahead of itself but i still think it ends the year better than where we are here right now. >> michael, to mandy's point, right, take the money and run, you got to have some place to run to. >> yeah. >> what's a better option than the u.s. stock market right now. i've argued it's europe although this german deflation threat which occupied my weekend a lot more than it wanted to. japan is probably topping out. >> i still think europe has some questions. it's high unemployment over there and it's been quiet lately but i don't think they're out of the woods.

one of the reasons the u.s. stock market has gone up is because it's the only thing that's gone up this year. its performance chasing performance. a lot of other asset classes this year have been volatile, negative at times, and so you do have liquidity moving in that direction. we've been advocating for as long as the fed is involved, stocks are okay but know the name you own and look for an exit strategy or diverse fier or to take some money off the table and that's where a more balanced approach comes into play as an offset to some of the equity gains people have made. >> michael and bob, great stuff. and no more 50/50. i think we're in agreement on that. thank you. >> sounds good. >> take care. >> at least he's honest. i don't know. could go either way. we need more guests to do that. i don't know. it's okay to say that unless you're a tv anchor because we know everything. still ahead, as we tick closer to twitter's ipo, find out exactly who uses twitter. the answer might surprise you. >> and odds are you will not be

able to get in on twitter's ipo price but we will show you why that might not actually be a bad thing. look at this year's hot ipos where it paid to not get in at the ipo price. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.

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twitter, twitter, raising the price of its highly anticipated ipo to 23 to 25 per share, just days before it is set to trade. now a new cnbc/ap poll shows us just who is using twitter and how. so my question to julia bore ston is detailed, who is using twitter and how? >> brian, nearly a third of americans say they've used twitter but how they use twitter might surprise you. of those people, 17% say they use twitter at least once a week. frequent twitter users are more likely to be male and under the age of 35. so what are people actually doing on the service? a quarter say they use twitter

to send tweets, 22% both send and read tweets and about half of those who have an account or use someone else's account are just lurkers, they never send tweets of their own. now people love to tweet about what's happening. 60% use twitter to follow breaking news and about half use twitter watching live tv or a sporting event. people don't turn to twitter as much when shopping. just 13% use twitter to find information about services or products. 16% to express dissatisfaction. now what about twitter ads? 55% say they don't actually notice those ads and 69% of those who do notice the ads say they have never clicked on a promoted tweet or followed a remoted account. the question is whether the sutley of those ads is a good thing for twitter or those ads aren't having an impact. twitter would say you don't need to click on a tweet for that tweet to have an impact. so brian, we have a lot more

from the cnbc/ap survey on cnbc.com. it's fascinating stuff. back over to you. >> it is fascinating and i think the 16% of people that use twitter express dissatisfaction, i don't know about you, brian, but i feel that number is a little low. it feels like it's such a medium to vent if you're angry or dissatisfied, want to get out there in like 140 characters or less. >> you're a loser with two os. >> i think actually guys, it's a great way to complain about a product and get the attention of the company because the company doesn't want you to be complaining in public. >> very true. >> it's interesting, too, i don't like the term conversation. people use that, julia, we hear that a lot in the sales pitch. twitter is not a conversation. i'm sorry. it's a bunch of people yelling at each other, some people with a megaphone, right, other people without one, and maybe there's a reply once in a while but it's not a conversation. how do i -- at least if my

opinion. >> i don't know, brian. i have to disagree with you on this. especially the way twitter is now been formulating its tweets to see when someone is replying to someone else or mentioning someone else. you can see the line of conversation. but speaking of brands or products i on occasion have tweeted when i've gotten bad service on an airline or a product that's broken an sometimes the company will tweet back to me because -- >> you're julia boorstin. if you were mandy on a plane, hey delta, you're in the media they're going to give you extra love. joe blow wouldn't get that attention. you have a lot of followers and could make an influence. i am a lurker. >> brian, when it works well, when twitter works well, it is intended to be a conversation. where people who don't know each other can interact. that's the hope. >> there you go. that's the hope. it's kind of like the argument now with qe. i feel like twitter makes the socially rich richer. >> yeah. >> know what i mean. >> yeah.

>> a million twitter followers, buy this underwear. >> never clicked on an ad and i'm on twitter constantly. >> it's a -- listen, big discussion. >> the next question there, mandy if you don't click on an ad but notice the ad, what kind of impact did you did that have? >> i don't notice the ads. i'm on constantly but now i am fully aware and will look out for the ads and click the on them. >> is the sutley good or bad? >> herb greenberg's latest tweet brought to you by ensure. julia, thank you very much. appreciate it. hi, herb. the average investor won't be able to get in on a twitter ipo at least not at the ipo price. that may not necessarily be a bad thing. dominic chu is here to show us how some ipos performed even if you did not get in on the initial price. >> well, brian, i mean if you talk about twitter that's one thing because twitter's ipo has a lot of things going for it but investors use it as well. the three biggest one day pops ever this year on ipos. that's sprouts farmers markets,

that's jobs vet and pot belly. one an upscale grosser, one a 3d printer and sandwich maker. they gained 120% from their ipo but most folks don't get that pricep they have to buy on the secondary market in the first day of trading. here's a look at a couple stocks that did well out of the gate and produced hefty gains even if you bought the shares at the end of the first day of trading. check out gw pharmaceuticals that stock up 239s% from its first day ipo close. it's a british company that specialized in making medicines derived from marijuana of all things. let's say you didn't get that 8.90 price, you got $8.98, you got that 239% return. there's another one too, nsis therapeutics that specializes in cancer treatments. this stock i po at $8, rose over 20% by the end of day one, but even if you bought at that closing price you would still be up 330%.

through the end of last week. now overall, 9 out of the top 15 best performing ipos when measuring from the end of the first day of trading when we could all buy stock through the end of last week, they were all in the health care sector so twitter may be the next hot thing on the ipo trail but a lot of regular investors like you and i made money in health care ipos not just the hot tech ones. >> good information there, dom. thank you very much, as always. still ahead, tesla may be up 400 plus percent year to date but is the stock still a good buy? we'll make the case for ending the scourge of daylight saving. grammar police out today. >> later on, 60 carats for $60 million. we'll feast our eyes on the largest pink diamond known to man. [ female announcer ] it's time for the annual shareholders meeting.

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it's a happy monday street talk edition. burning through the stories you should know about. the first one lumber liquidators, target boost of $134 from $120. >> when do we get the theme

music going here, like the '80s, yeah. 16% upside and raise both gross margin and estimates on double l and think they should benefit from a shift in product mix. stock soaring up 120% year to date. company that had its headquarters raided by the feds in late september. >> always a warning sign. >> have that in your mind if you're going to take them up on their recommendation. be careful. >> the whole steel sector getting an upgrade by goldman sachs. >> goldman, that is stacks. >> they're going up up. >> up to a buy from a sell. that's a big jump. the target goes double to six from three. 20% upside. u.s. steel up to a buy from a sell. that's only 11% upside. stock is passed the previous estimates. they did downgrade reliance steel. >> tri pointe homes higher. this is a good story thrown in for fun. >> tri pointe name we don't talk about much, 500 million market

cap, weyerhauser announced merger with this company, $2.7 billion. by the way, this company is controlled by somebody we know and do talk about, barry sternlick, founder of starwood capital, former starwood hotels guy. big name behind it. >> and clicks. >> 20-year-old business intelligence company based outside of philadelphia. this name upgraded on the view that products such as their qlik view will drive new revenue targets, growth, whatever. the target raised from 33 to 26. 25% upside. the founder of qlik is bjorn burke. >> today a's under the radar, extreme networks. >> california based manufacturing, soaring, up 16%p of all ethernet networks of everything they sell. gross margin up 58%.

a 5% increase year over year. completed their acquisition, another company that focuses on the boring stuff, the infrastructure, the guts, but hey, boring but doing well for that company. the stock up about 77% year to date. >> by the way, sternlick will be on "squawk box" tomorrow morning. >> how did you know that? >> the voice of god gave me that information. >> magical device, amazing how it works. >> shares of tesla higher today after ceo elon musk did a bit of a reverse and said wait a minute, my stock is a long-term buy. now interestingly enough, tesla's model s the most popular car among the wealthiest zip codes in america. with the stock up more than 400% year to date has it come too far too fast. on the technicals, ryan, on the fundamentals, gina sanchez.

gina, tesla, due to report third quarter earnings tomorrow. do you expect the earnings will justify the incredible valuations? >> well, i found it very interesting that elon musk's original quote the stock may be a bit overvalued at 100 times forward pe. so i think right now, the stock is priced to perfection. expectations are around 11 cents per share for the quarter and that's up from 9 cents a share. and that already is a lofty expectation. i think there's a lot of room for the downside. a lot of analysts that say tesla is the kind of stock you want to buy on dips. it could be an interesting time to buy. the long-term story for tesla it is a huge player in a very small market so the question is, how big does that market become? the electric car industry is growing. there is no question it's growth over the last few years has been extraordinary and tesla has been a huge beneficiary of that. the thing that it has to keep up

with is that it has to get up to scale with an affordable car before the rest of the manufacturers do it. right now it is -- it is on -- it is on track to do that but it has some risks. the number of batteries it needs, the ability to charge the cars. i think in the long term its first entrant in a very expensive industry to come into, will benefit it and i think it's a long-term buy. i think it's probably going to miss its earnings. >> a long-term buy. let's bring them up and take a look at what they tell us. ryan, what are they saying to you? >> right here when you look at tesla we know it's on a big run and still looks good. one thing that happened just last week, tesla had a very well-known head and shoulders [ inaudible ]. simply put a bearish formation. we've seen for years now everyone gets bearish at the wrong time and broke that 160 level which is an area of support that was the neckline, all the bears got excited just as quickly it goes back above and called a bear trap. in other words, that's the time

you want to buy when it goes above. that looks good to me. talk about -- we touched on a second ago, option activity, a lot of bearish puts coming in. >> why do you like that? >> from that contrarian point of view -- >> a hedge. >> all that negativity can be potential buying power and stock twitch the on-line community just 50% of those people are bullish going into earnings. lowest it's been in two months. a lot of negativity broke back above 160, to me that negativity very well could set a lower bar, good news, can continue to make this one soar higher in my view here. >> all right. different views, fundamentally and it technically. that's what talking numbers is about. thank you very much. check out our on-line version in partnership with yahoo! finance. >> let's move on. we'll go for a quick break here. on deck, more madness. a big upgrade for one retailer but a big downgrade for another, buy, sell or hold. >> and feast your eyes on this 60 carat stunner. it's hitting the auction block. the price will blow your mind. but "closing bell" could blow your mind too.

bill, what's coming up? >> we have plenty planned here. obama care, it relies on young people to sign up to pay for the program but if they don't sign up, does that send up raising health care costs for everybody else? both sides of that very contentious issue. speaking of contentious issues google's executive chairman schmidt is slamming the nsa for reportedly spying on its data centers. we're going to hear from some that say he's being disingenuous and even hypocritical. maria and i look forward to seeing you at the top of the hour on "closing bell" after "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... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help

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how about $3,000 for an old tv guide cover. other things up for auction included tea pots, lamps without lampshades on somebody's head at a party and a pair of 13 foot long sofas in velvet rope fringed. the sale for her charity brought in more than $600,000. you had me at roped fringe. >> if andy warhol signed that tea pot it could be worth millions. >> absolutely. >> spray painted. >> if none of oprah's old junk caught your eye and you have a few million lying around, we have some art auctions coming our way. >> this is a little more than knickknacks. art auctions this week and next, expected to top $1.6 billion. that would surpass last year's total of $1.2 billion. sotheby's estimating $628 million for its sales and christie's expecting just under a billion for its sales. take a look at the top priced paintings. it's wall-to-wall warhols when you look at the top. christys selling off this coke

bottle between 40 and 60 million. warhol actually painted that by hand rather than silk screen. sotheby's has one of the famous warhol silver car crashes expected to sell for more than $60 million. only one of four in prior to hands that's why that's so expensive. liz number one being sold by steve cohen. there are nonwarhols at the top, christie's selling this between 60 and $80 million. but it could sell for a lot more. he's in big demand right now and another barnett newman, brian's favorite artist, remember the newman that sold for $43 million last spring. this has two lines, so it's really good, 18 to $25 million. now my favorite of the auction, a balloon dog. christie's is selling a balloon dog, it's orange, between 35 and $55 million. 12 feet tall and is that the ultimate toy for the rich. >> i know who will buy it too. >> who would buy it? >> elied broad.

>> he owns a bunch. >> one is not enough. >> he's a billionaire. >> and steve cohen owns one too. i don't think he's in the market. >> some ladies like one carat, others two, 60 carats of diamonds on the finger. >> some ladies and men. that's going up for auction. pink diamond that could sell for $60 million. that right there could become the most expensive diamond ever sold in history. at least at an auction. we've got an orange one coming up which we showed you last week we called it the pumpkin diamond that could sell for $20 million. hard assets, a big week, this week and next week for collectibles. >> it looks fake. there you go. no one would know. thank you very much. the countdown to christmas is on. retailers are getting put on the naughty and nice list. which ones will find coal in their stockings this holiday season. >> start your engines the one thing that may just save christmas. yeah.

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are you tired of bad news in here's some good news for you. gas prices are now below $3 a gallon at a few pumps, not a lot, including one right around here near cnbc's hq. sharon epperson is at the nymex. good news. >> it is good news and gets better because it's more than just a few. aaa is now saying about 35 states have stations where somewhere in that state you can find gasoline below $3 a gallon. they're saying that, of course, is well below the national average which is right now $3.25 a gallon. still the lowest price that we're seeing for the year. keep in mind, though, as we look at the states that have gasoline below $3 a gallon there are four states they include missouri, oklahoma, arkansas and texas and that's according to gas buddy.com. but even in this region which was, of course, devastated by hurricane sandy just a year ago, new york often has the highest priced gasoline and we saw gas prices at $4 a gallon and above

this time last year, prices have come down some 40 to 50 cents. and in at least ten states around the nation, we could see the statewide average below $3 a gallon by the end of the year. that's what aaa is predicting. they're also looking at the national average at the national average saying the national average should be around $3.10 a gallon by the end of the year. they say it's unlikely the national average will drop below $3 a gallon somewhat because we're looking at oil prices still relatively expensive. but that is definitely relative, because if you look at the drop we've seen in the u.s. oil price since august, down about 15 bucks, we're seeing a lot more supply than demand. that's a big reason why drivers, another good news tip, have seen prices lower than a year ago for the past three months straight. for more on this, go to cnbc.com. >> good for drivers and good for consumers. we'll have more on that in aa moment. moments ago sears and k-mart said they will open on thanksgiving morning at bright

and early time of 6 a.m. they're going to stay open all the way through black friday this year for the first time. indeed, the holiday season is upon us. you shall shop. well, today, goldman sachs downgrading gap and ubs -- i'm sorry, ubs upgrading kohl's. let's bring in retail expert himself, jan. i want to start with sears and k-mart opening up at 6 a.m. thanksgiving. is it worth it. >> i'm in favor of giving customers what they want, thanksgiving at 6 a.m. is not what the customers want. they won't do enough business to pay the light bill. i think it's a bad idea. people tested it before. it's never worked well. my guess is this is not the solution to sales problems at sears and k-mart. >> it smacks a little of desperation. i understand all kinds of retailers are pulling out all kinds of early promotions and doing what they can. at the same time we're hearing gasoline prices are dropping.

is it really that dire out there for the shopper at the moment? >> it's pretty tough out there. i think one thing that might save is us gasoline dropping. that puts a lot of money back into discretionary income. so, i am a little more optimistic than i was, now that i see gas prices continuing down, the consumer feeling a little better about that, i suspect. we've got a lot to get over here. the other thing that goes is the weather compared to last year. no hurricane, at least so far. colder weather, at least so far. that could make a big difference as well as lower gas prices. >> good point on the hurricane. the last two years -- >> we've had abysmal weather. >> beyond that. storms, shutdowns, power outages. the government shutdown is preebl less than the storm impact the last couple of years. we often forget that in our economic analysis. >> there won't be any government impact from the point of view -- >> because the money is being paid back. >> we took money out of the third quarter. would he put money in the

consumer's -- >> gap, jcpenney, sears, whatever, every teenager i know would rather have the accessory of a new phone than a couple new pairs of jeans. >> i think that's going to be a problem for christmas. i think we're going to see more -- >> unless you cell phones. >> unless you cell phones. for my kind of people, it's going to be a problem. they're not selling apparel. if you're gap, i understand why people would have walked away from gap. gap is all apparel. it has a big dedication to blue jeans. denim is not in for the fourth quarter. color is not in for the fourth color. they're dedicated to color. i can see why people are walking away from gap. and my favorite retailer is no longer self-emulating, and since jcpenney is coming back, they're going to put pressure on gap. >> we have to leave it there on that note. if we keep going on jc pen y it's going to get nasty. thank you for joining us. >> you and i will have a twitter conversation, which is just

yelling at each other. >> next, have you to tweet in capital letters. >> i will! >> up next, is daylight saving time daylight wasting money? the economicings behind springing forward and falling back. that's all after the break. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does.

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welcome back. check out what's happening on this market flash with intrepid. those shares are kind of on the move. they're shooting up toward session highs. coke is boosting their stake in this particular company. coke industries is the conglomerate owned by the koch brothers. intrep rid potash shooting up. >> if you were tuning "closing bell" but this is "street signs," you forgot to move your clock back. they say moving the clock back is a waste of time and money. allison, loved your piece. welcome to "street signs." make the economic -- we know it's annoying to get dark at 4:45 p.m. make the economic argument for ending dst.

>> america had over 300 time zones when we were trying to keep time with the sun. we moved to fewer time zones because of the railroad industry and telegraph. so, the whole point is economic coordination. the problem with daylight saving, some states do it, some don't. most countries don't do it. and everyone does it on a different day. it just leads to a lot of confusion. you can imagine if you're a trader having to keep track of all these different markets when the time zone changes. and then if you think about coordination, why would we stick with a system that was based on commerce in the 1880s? it seems it would be much more efficient if we would go to two time zones, pacific and eastern time, or move eastern time onto central time and pacific time on to rocky time. that way california and new york would only be an hour apart. you can imagine for all the traders on the west coast who now have to get up at 4:00, 5:00 in the morning, how much better their lives would be. >> and certainly all of our viewers on the west coast i'm sure would be quite happy about

it as well. i understand it creates a lot of confusion in this globalized world but at the same time, is there a real economic benefit in terms of dollars and cent? back in the '70s daylight saving gained traction because it was saving energy. is it really saving energy? >> in times of war they always bring it back or it became more uniform in the late '60s and '70s but there is no empirical evidence that it's meaningful in terms of saving energy. >> is there any argument, very quickly, for it? make the strongest argument on the other side. why keep it? >> well, i guess the idea is you have brighter mornings and that's supposed to be easier to commute, easier to get to school, and as well the idea there's going to be an energy savings in the morning. but on the other hand you're giving up daylight at the end of the day. you know, you're losing on one end. >> it's a trade-off. >> yes. >> allison, thank you for joining us. those that are interested, you

can catch her story as well. very well. >> i tweeted out, great story, great article. i think daylight saving time just sucks. >> i like -- i like getting up when it's not so dark, i have to say, ien joy that. >> because when you wake up, the sun comes up after you. la la la. thank you for watching "street signs," everybody. >> "closing bell," la, la, la, is next. hi, everybody, happy monday. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. >> we all turned the clocks back and we made it on time. i'm bill griffeth. we are watching the stock market still hovering near all-time highs. not that close today but approaching that again. some big corporate stories in the news today from crackberry to just cracked berry. blackberry shares slammed again. we were down as many as 20% on the open this morning. the deal with fairfax financial is over now,