>> i like hunter builders. >> pete? >> citigroup is going higher. >> i'm with pete. get long on wells fargo. . >> that does it for us. have a great weekend. we'll see you on the other side. power starts right now. >> what a way to end the week with another record breaker for the dow and the s&p. the dow is now up 143% from the 2009 bottom. the nasdaq not at a record but just 27 points from nasdaq's 4000. will we do it today? new documents are circulating that the white house had fair warning months in advance that healthercare.gov was simply not ready for action. we'll be talking about that in just a few moments. a brand new study out showing

the individual investor how to spot the next winning ipo and there's a couple of in the pipeline. we have that study four. tyler is out but kayla is my partner. >> we're watching the markets. close to hitting all time highs. the dow 15,913. about 20 minutes from the intradition day high. the nasdaq closing in on 4000 yet again, 27 points away. we have two reports on ways to play this still rising market. we have dominic chu looking at r growth but first let's go to dividend stocks. >> two sectors that offer the highe jefest yields, health car consumer standpointlings. yellen's testimony confirming low rates are here to stay. historically speaking in a low

rate environment high yielding stocks do perform. consumer stams and hearth stocks are up double digits this year analysts say some of the stocks in these sectors are trading at an attractive evaluation. look at pharma. we looked at some of those names. pfizer is trading at a discount to its peers and in the consumers staple space altria and walmart fits the house. and btig what will work this year will work for the rest of the year. that has been the high yielding dividend playing stocks. you're looking at growth. >> all those things seem good but let's say right now growth stocks have been on a tear. i spoke to a person who manages the growth stocks. why? take a look at the 2009 loss to today. the performance of the large cap value stocks is up 203%.

the large cap growth stocks only up 196%. what we could see a bit of a catch up trade where growth starts to catch up to value. that could be a good seen. ed says take a look at this. from a evaluation standpoint it's a compelling story. large cap stocks are 3% above their long term valuations. large cap value stocks are 25% above their historical valuation stocks. these stocks are very well priced. maybe not so much in the future. that means growth is trading at a bit of a discount compared to those value stocks. i get the idea that these value stocks could be doing better but still growth has been powering those things. all those momentum stocks helping nasdaq for sure. >> two ideas there. we'll have to see what the market does. >> all right. thanks so much, guys. our rising tide, growth paying

stores dividend, defensive stocks, two corner of the market still on the rise. if you want to nowhere "mad money" man jim cramer stands on stocks going the weekend. no problem. here's what he thinks. >> the fed is only going to take its foot off the gas pedal and slam on the brakes if coerce doing better. you have this strange situation where if you think stocks are a bubble waiting to be popped? but you have to think it will pop because of something good. even as i never frown on anyone taking a profit. nothing wrong with being along for the ride. >> i'm not against growth. i love growth. supply side growth we had in the '80s and '90s. but what could go wrong in the short run much better faster growth which i might welcome but the fed would stop its easing.

>> of course two very different takes. one definitive from jim cramer and larry kudlow saying here's one thing to watch for that could pop our bubble. so, guys, obviously two very desperate news. kenny we'll start with you. >> you have to be along for the ride only because of the fed not necessarily because everything else is so wonderful. when you look at the broader macro economy people are very much concerned. there's still the nervousness over jobs and what people are feeling about their own situation. but, yes, we said it all along the fed has been in and out for four years. janet yellen made it clear yesterday she isn't going anywhere. >> that's key. now we're back to everybody being afraid of missing more upside than being killed on the down side. simple fact we talked about this

earlier shorts have not worked at all. long short funds are not doing very well. yellen is out of way and given her a little bit carte blanche, other than a huge upside from economic news i don't see that coming that larry mentioned. >> trader mentality in both discussion and what bob just said the fact of the matter is the stock market as a whole has been inflated and held up by the fed. can question is has the fed done the job sufficient to backstop the economy and continue while professional traders like can you identify, low i've been in this business 30 years, you look for a correction but you have that reticent of a market that climbed the way it has. >> cramer is in the popular camp that says the fed will stop easing once the economy is better and that will give rise to the stock market even further. what if fed policy driven for five years time actually suspect as effective as we want it to be. >> can we -- the treasurey

market did not work effectively. their own fed studies pointed out it didn't work. that being said, the fed missed its opportunity to taper the first time. been forced to back track. fact of the matter that's going to happen and rising interest rates are an indication of something good. >> it is indicating of something good but yet i still think that the market is well ahead where the economy is. if and when the fed starts to taper that's when you start to get the market to react fairly -- >> if you look at forward earnings and stock market isn't forward looking grouping, there's no indication, according to janet yellen yesterday we're not in a bubble. >> 15 times forward earnings is we're at. 4% earnings growth this year. 10% expectation for next year. we know that will come down. the market is not overvalued. that's one of the best friends

the market has. the other is high level of skepticism everyone has. plenty of people don't like this. don't have money in the market. >> luckily for everyone on wall street as my aunt mary says not today's problem. pushing new records. happy friday everyone. thanks guys for being with us. over to you. >> stocks marched to record highs. different story for commodities with crude oil on pace for it's longest weekly losing streak in 15 years. crude on track for it's sixth straight declines. prices down 9%. a little bit of a bounce to the upside to 93.91 on web tech intermediate. s&p pushing towards the 1800 mark. the dow eyeing 16,000 and the nasdaq is getting dlo es00. which stocks are the top investors buying and selling. we're doing some whale watching with a beautiful backdrop. very soothing. >> it's great. our virtual aquarium.

large fish whale tank. here's what we wanted to do. the what else oles out there. warren buffett our first big whale. he's got a massive bet. he's accumulated 40 million shares of exxonmobil, so yes that's a whale of a trade. a couple of notable trades on the other side of things he's selling another energy name. conoco phillips reducing his share. and glaxosmithkline reducing his share there by 1 million. there are whale trades in terms of the companies involved. check out what's happening with apple. this is a big story. first of all, we got karl icahn.

meanwhile, leon cooperman he didn't have a huge stake but he sold off whatever remaining stake he had in apple. got nothing threat. that's going the big deal. one more one i want to focus on at least a little bit is yahoo! because you've got dan loeb recusing his shares in yahoo! and then chase coleman take an 8 million share. some big names, big trades in names we all know about that's what's huge about this particular season. >> thanks. up next the president's handling of the obama care crisis. did he unfairly dump it on the insurance companies? is he leading the correct way? is he contrite enough? we'll have some famous ceo apologies next. and how did kentucky get it right and the feds get it so wrong? the governor of kentucky is here in two minutes time.

senator howard baker said it best in the watergate hearings back in 1973 asking quote, what did the president know and when deknow it. same question is float around the country these days as americans want to know what president obama knew regarding problems with healthercare.gov. today we got a little bit more clarity on that and here to tell us about that is don.

>> what i got here is a memo released by one of the top house committees looking into this whole mess with healthercare.gov. they uncovered a memo from henry chao who was responsible. on july 16th he said to one of his subordinates i need to feel more confident they are not going to crash the plane at takeoff regardless of the price. >> the president was press ad little bit on issues about what he knew and when he knew it but obviously with this now being revealed he'll have a lot more questions on his plate. >> indeed. >> thank you very much. well a rare mea culpa from president obama and what other big mistakes-ceos saying they were sorry. >> president obama, the ceo of the federal government has lots of companies among heads of

states, major firms and iconic brands that have stumbled and recovered in recent years. our short greatest hits list netflix in won the made a big mistake when it raised its price of mail ordering streaming and bundle. shaved close 240% off the stock prays. they unbundled the service and rebounded. back in 2010, toyota after recalling millions of cars due to acceleration problems that caused accidents and deaths the president of the company took personal responsibility, apologizing before the u.s. congress for his company's failures. 2004, citigroup in the words of then president was quote kicked out of the private banking business. senior executives took responsibility but did what was called at the time the bow seen around the world.

>> i would like to fully apologize to our customers and the public for the problems that have occurred in our businesses in japan and for any concern or inconvenience this has caused. >> finally hard to believe it's been 28 years since the debut of new coke launched with much fanfare in the spring of 1985 as a beverage smoother, rounder, bolder, more like a fine wine. but overwhelmingly rejected by the public. coke survived and remains an iconic brand. and a pretty good stock these days as well. sue, back over to you. >> hampton, thank you very much. the federal health exchange site is having some major problems. kentucky is having a very successful roll out with its exchanges. joining us on the phone is kentucky's governor. nice to have you here, governor. welcome. >> thank you, sue. >> let's talk a little bit about

what kentucky did right first of all and what you think the federal government did so very wrong and the white house did so very wrong? >> well, sue, we started as early as you could getting the planning grants. we got our vendors on board. we sat down with all of the folks in government that work with these programs, medicaid, public health. and we went 24 hours a day, seven days a week to set up this website. we tested it extensively. we did it very simply. we didn't put a lot of bells and whistles on it. we knew our audience. i think the crucial decision when you look back on it was that we allowed people to get on our website and browse and get all of the information they needed, put in all of their numbers, find out what they qualified for, whether that was medicaid, whether that was premium subsidies before they ever had to open up an account and i think on the federal level they created that road block because everybody had to open an account before they could do anything else. >> right.

are you surprised with the intense amount of problems that the federal program is having? >> well, i'm disappointed like everybody is. but, you know, the president is doing what i have to do if i'm governor and something goes wrong. he takes responsibility for it and steps up and gets it fixed. they will get this fixed. it will slow down the number of people that you get into the program. but it's going to work. look what's happening in kentucky where the program is working. it's almost 50,000 people. >> governor stay with us for one moment. we have breaking news from bob pisani. we just want to let you know the chicago mercantile exchange, the cme has confirmed they were the victim of what they are calling a cyber intrusion back in july. now there is no evidence that trades over at the cme were adversely impacted nor clearing impacted. but they were forced to change

customer credentials, impacted by the incident. they noted that this is a subject of an ongoing federal criminal investigation and they are cooperating with law enforcement. so as of now it doesn't look like trades were affected but there was some kind of intrusion. sue this happened before. the nasdaq had an intrusion a while ago. did it not affect their trading systems but they too had intrusion. this is a high level priority now with the federal authorities. we'll get some more on that as soon as we get any information. >> terrific. we look forward to it. we're back now with the governor of kentucky. governor, even though your health exchanges are working very, very well and you're one of the success stories certainly of the states out there, as we understand it a number of people have also lost their private insurance policies at this point. what should the federal government do, what should the white house do to try to either reinstate that or fix it?

>> i think what the president, the action they took yesterday is appropriate. we're going to be able to accommodate what the president wants us to do. we're going to allow our insurers in the state if they so choose to have those kinds of policies for one more year, it's obviously a business decision that each insurer will have to make. but in the long run, it's not going to affect what we're doing. it may slow down for a few people who might end up in the exchange earlier, but in the end every kentuckyian is going to have affordable health care and that's something we've been needing for years and years. >> i know you were defending the president moments ago saying he'll get this fixed but are you worried about the longer term ramifications for your party especially for those who are up for re-election. do you think this has hurt your party? >> i don't really think that come november of next year this is going to be a defining issue and whether somebody votes for

somebody or against somebody. look, 97% of the people in this country aren't even affected by this. and so, you know, you got a very small number who are actually affected by this. i honestly think the overriding issue next november is going dysfunction in washington and people are disgusted with that on both sides of the aisle and i think they will stipulate and try to do something about it. >> do you think it makes this particular situation, those do you think perhaps it emboldens the republican party and when we go to deal with those very important budgetary issues once again that perhaps there will be less negotiation than there was the last time because the recognizes feel emboldened by this problem with health care. >> first of all, i think that the critics of health care are seizing on all of this to try to divert the public's attention from what they know the public is really concerned about and that's the dysfunction in washington. if they are dumb enough to go

back and be even more industry dent than they were before and shut down government again, they could lock themselves out of governance for a long time to come. >> very good point and interesting point, governor. thank you so much for spending time with us on the phone. we appreciate it. >> thanks for having me. >> kayla, down to you. >> we'll send it over to domenick. >> this company partnered with coca-cola and ford is part nearing with coca-cola to make seat cushions from renewable materials. coca-cola/ford recycling technology. one big eco system.

back to you. >> it's turning into a blockbuster year for ipos. how internet stocks are on a role. but julie boorstin is telling us how to spot the next favorite. >> zulu making a nasdaq debut with a 75% pop. why shoppers are shopping at the zulu ipo. >> i have spent a lot of money there. new way to help you determine what's going next big ipo and what to invest in it. that's coming up in two minutes. [ male announcer ] what if a small company

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from td ameritrade. welcome back to power lunch. 2013 is turning into a red hot year for ipo. 200 companies have gone public here in the u.s. making at any time best year since 2007. one area on the roll, internet stocks. they keep on coming. we're tracking those over at nasdaq and julie boorstin talking about how to spot that next winning ipo. >> we have a big internet stock ipo today that made its nasdaq debut. zulily. investors are happy with it. let's look at the stats of this ipo. it priced at $22 above the original range. raised about $250 million and just take a look at this first day pop.

up more than 75% on its debut. so why love for zulily. if you take a look at the company's financials unlike some other internet ipos we've seen this company makes money. ekeed the profit out for the first nine months of the year. sales are bigger than twitter with a smaller user base. take a look at its investor backing. howard schultz and andreessen horowitz. these guise were execs so they have been through this game before. one thing people say is working against the company that other seattle e commerce company we all know, amazon. a lot of people say amazon is making a much bigger focus on fashion and retail scene. more competition there. but today zulily is taking off. overall this is one of those ipos everyone is watching very closely. first to see how the overall ipo

window was going. we've had a rush of ipos. can it keep going. second to see what other retail and e commerce ipos could be ahead. a lot of people are talking about others on the horizon. if this continues to trade well perhaps we see those ipos coming next. back to you. >> everyone is watching to see if the skids have been greased from twitter. julia, for every zulily there's a shag that opened down. how do you spot the next winning ipo? >> the next big ipos are likely to be companies that raised a ton of funding and need to start repaying their investors. investors should keep an eye on palantir which raised half a billion. there's a company called deem that raised over 440. there's pinterest and square and

followed by box. a new study from silicon valley finds investors are ready to cash in. this year's start ups are on track for at that record number of exits. either selling the company or taking it public. the number of ipos is on the rise as well. now 12% of all silicon valley tech exits are ipos. >> julia, thank you very much. we have to go to john harwood in washington where a key vote is about to take place. >> the house of representatives is about to vote on a republican proposal that would go after a principal feature of the affordable care act by forcing or scratch that not by forcing by allowing insurers to sell policies that don't comply with the affordable care act not only to new customers but old customers. the white house views this as a hostile act against the bill. democrats view it that way. that's why it's not likely to

pass the congress but likely to pass the house and one othe interesting things to watch is going how many democrats vote for this bill. remember, the president's fix announced yesterday was designed to give political cover to democrats to oppose this bill. we're going wait and see over the next 15 minutes how many of them vote with this bill and this is going to be an interesting result although not likely to pass the senate. >> john, a quick question. there's been some emails that have been uncovered out there saying that there was some criticism of the website earlier, that people were worried about it not working. do we expect the white house to address those in any meaningful way either in the white house briefing which will take place in a few minutes or otherwise? >> jay carney is briefing right now. i have been out of the camera so i haven't been listening to what jay said. i expect he'll be responding to that question. the president was asked yesterday did you know how badly the website was doing before it

was rolled out and he said, i've been accused of a lot of things but i'm not so stupid to come out a few days before and say it's going work great and have it crash. the warnings from henry chao did not make their way up the food chain to president obama and one of the reasons why he's upset and surprised by what's happened. >> absolutely. john we'll come back to you in a few minutes as that vote winds up. let's take a look where commodity prices specifically gold are going right now because we're right at the close. gold comex is up at 1287.7. check on the bond market where the focus as hasn't been interest rates in a very strong way. the ten year note has been decidedly above the 2.7 mark which is what the equity side of

the equation is watching very closely. we're waiting to see this week as to whether or not the bond yield would back off the 2.7% yield mark. it hasn't for much of the week. we did have several successful auctions this week but then the 30 year note auction didn't go well. the bid to cover ratio was relatively week for the 30 year. you can see the 30 year yield is at 3.803%. you're up to date on the treasury markets. meantime a big watercooler story. a blind man and his doggett kicked off u.s. airways plane. passengers walking off to protest. why does airline service stink so much these days. sony's much anticipated playstation 4 going on sale. what's the big difference between microsoft's x-box and

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take a look at this. brish prime minister david

cameron's car was mobbed during a trip to sri lanka. earlier he clashed with the president to protect the rights of a minority community. kayla, down you, john harwood first. >> we've stein passage of the bill that republicans pushed in the house of representatives to allow insurers to extend the noncompliant policies with obama care, the ones with lower standards. not only to existing customers but also to new customers. 39 democrats joined all but a few handful of republicans in voting for this. that now goes to the senate where it is not likely to go anywhere. democrats have a different version of that sort of legislation but the purpose of what the president did yesterday was to provide enough cover and enough of a heat shield for democrats that they wouldn't have to go along and pass this bill in the congress and what

the white house is trying to do is play for time, get the website working and hope that they can convince most americans that they are getting a better deal under obama care than they had before. everybody is waiting to see whether that's proven true. the president apologized for the roll out yesterday. at least for the next little while we'll see whether or not they can make it work. >> john, thank you very much. we'll keep come back to you as the news warrants. sometimes flying is not such a pleasant experience, right, kayla? >> that's right. certainly wasn't for one gentleman. this is a story. albert who is blind and has a guide dog wednesday night he was kicked off a us airways flight from philadelphia to long island because the airline said the dog became restless but the passengers felt differently and the flight was cancelled due to the uproar. here's what he and two witnesses had to say about the flight attendant. >> she told people that my dog was running up and down the aisle. my dog was out of control and i

was verbally abusive. >> the whole situation was handled wrong. i mean like i said, the dog wasn't causing any problems for anybody on the plane. >> this is not fair. you're taking a disabled man off the lean for what reason? what did doe? he did nothing. >> us airways saying in a statement quote we're particularly sensitive to those customers who travel with service animals since we partner with assistant dogs internationally. in this instance mr. rizzi became disruptive and refused to comply with crew member instructions when the flight attendant asked him to secure his service dog at his feet. we read about airlines mining customer data to go to far reaching corn towers make the customer service experience better for those who are flying on their airlines but this seems to be a fairly sensible situation. what, in your opinion, did us airways get so wrong on this one?

>> you're dealing with tens of thousands of human beings. obviously none of us were on the flight so hard to say exactly what. particularly with this, what we call assistance animals, there's a lot of judgment involved and they do give the employees some flexibility. every airline has a different procedure but when you read those internal procedures and i've done it, you see there's a lot of flexibility and, you know, some people are going to make better decisions than others. >> it's interesting because one thing that neither side disputes in this scenario, when this happened the plane had been delayed on the tarmac for over an hour. i've been on flights like that. they let you get up and go to the bathroom or walk around the cabin. do you think that there should have been any more flexibility given that the flight had already been delayed? >> certainly sounds like one way or another this could have been -- to say the least handled more optimally. again, it's tricky when you are, in this case, by the way, you

are us airways dealing with an express carrier. then giving those organizations the flexibility to let their employees make some judgment calls and, yeah. sounds like in this case not the best situation that's for sure. >> can i turn to you a story that caught our eye and it has to do with aeroflot. i have through 11 time zones of russia. at the time it was not a very pleasant experience. the flight attendants were very brusk. aeroflot took notice they were losing business to other carriers and have now put in place a customer service program that has catapulted aeroflot to the number one slot in customer satisfaction among eastern european airlines. i never thought i would see that day. what do you think? >> yes.

funny. i actually flew them from all the way from everyone ulan batur to miami. it was pretty good in the air. on the ground more rough around the edges and some of that common sense we're talking about, common sense not always common enough. no. they clearly are taking it seriously. they want to compete for those high value, high tier global business travellers who as you say for too many years would not have taken aeroflot that seriously. >> they have the winter olympics coming up in a short while so they have to get their act together on that. >> they do. >> thanks, seth. >> thanks. >> how do you be your own worst enemy when it comes to your retirement savings. and how tuhao is gaining

traction around the world. we'll tell you what it is in just a second. when does your work end? does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours.

>> welcome back to "power lunch" on this friday. few stocks we're watching. joseph a. banks dropping its plan to take over men's wearhouse. but it's not the end of that situation. and linked in with a buy right. and yelp. barclays downgrading kellogg from underweight to buy weight. kellogg down 1.25% on the day. sue? >> we all might be our who e7b 1 k's worst enemies when it comes to growing it. target date funds have become the automatic default options but nearly 70% of employees still pick their own investments according to jpmorgan.

they found those that stuck with target dates saw an average return of 13% in the last three years. employees who manage their own account had a return of under 11.5%. part of the reason for this do it yourselfers, they often park their money in accounts without actively managing them. the jpmorgan analysis found 90% of those type of investors do that. they put the money in but don't manage it actively. let the new video game wars begin. playstation 4 hits the stores and microsoft releaguses its ne x-box next week. so what's the difference? >> i'm in the middle of some hard core investigative journalism trying out the new ps4. we'll have a lot more on this console when "power lunch"

continues in just 30 seconds. >> coming up on "street signs" we'll talk about a very special day in market history. we won't tell you why or what's happening but nonetheless these things have changed things for us forever. chinese baby boom on the way. how do you profit from it? one of our guests say not so fast. and yes our outrageous

headlines. lots of things coming up guys top of the hour here on "street signs". back to you. >> thanks so much. meanwhile we're watching sony and microsoft today. son chip's playstation 4 hit stores. shares are down slightly as are microsoft which also release its latest x-box next week. both tech giants betting big on its next generation game console. what's the difference between the two? josh lipton is at a game store on a tough assignment. >> grueling assignment. sony is pulling out, you can see all the stops promoting the new ps4 console hosting launch parties from coast to coast. last night you saw hundreds line up in new york for a launch party hosted by sony. i can tell you here at this game stop in san francisco the lines were around the block. today the lines are out the door right now. this is really the first shot in the upcoming video game wars.

microsoft is expected to release its x-box one consome late e cos month. the specs are expected to be similar. ps4 will retail for $100 less. gamers say that price point was a big plus. >> when it first came out it was 600 bucks plus a game. now it's 400 bucks, more gig, more data and playing for a game. you're going to walk out of here spending $500. you're winning. >> reporter: morgan stanley expects sony to sell 3 million units by the end of the year. sony has held a pretty dominant lead in terms of hardware units. playstation consoles account for 55% of the market, microsoft

coming in a distant second at 30%. if you take a long term look at the battle between sony and microsoft it shows the consoles are pretty evenly patched. ps 3 and x-box 60 shipped 80 million units. first place is nintendo that sold 100 million units. analysts beg the console industry at around $10 billion. it's a battle that neither side is willing to lose. back to you. >> i have a question. this seems to me the first x-box that microsoft is rolling out. do people you're talking to expect that to have any material effect on the success of the x-box roll out? >> i'm sorry. julia about how the specs are going to do? the former ceo of the microsoft division that ran its x-box and seen as the visionary, now the

ceo of zynga. i wonder if anybody is talking about the, now, product and quality and whether it's expected to suffer without him at the helm there. >> no. i haven't heard that from any analysts that i've been reading or gamers we talked to. listen, it comes down markets share this year. sony really held the lead but in terms of lifecycle they've been pretty even. we'll see next week what the reaction is when x-box hits the shelves. >> thanks so much. sue, over to you. >> kay larksla a small word bu causing a big wave. >> there's a new word for the suddenly rich who want to flaunt their money. we'll tell you what it is, how to pronounce it and why it's going viral. plus, their live webinars. i use daily market commentary to improve my strategy.

and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates.

it is a small word but it is making big waves when it comes to describing the wealthy. our wealth editor, robert frank is here with more. you going to teach me how to pronounce it anticipate tell me what is it. >> i'll try. every culture has a word for the newest rich. here we call them new money but in china the word is tuhao. probably said wrong. roughly translates into crass spending. people with more taste than money. talking about people buying rolls royce lined with jade. gold. new gold iphone 5 is called tuhao gold phone. the word has gone viral and the new rich in china have become targets. there's tuhao instagram sites,

comic books, blogs and videos. the public is disdainful of the uncouth rich. china may resent the new tuhao but not so much. the new catch phrase in china is tuhao, let's be friends. >> you don't want to distance yourself too much from tuhao. >> i'm told tuhao so you have to lift the how part otherwise you say something like pink elephant. >> speaking of china let's do the power rundown. kayla and bob are set for the power rundown. china the big story in china, the new government has decided that they are going to ease up in some instances on the one child policy. china, one of the biggest global powers apparently the cheapest pledging -- that's coming up in a few minutes. let's start with the one child policy. full disclosure. my twins are adopted from china.

i'm happy they see them relax the rule. i think there are many families who would like to have more than one child. kayla, you want to go first. >> i think this rule was a long time coming. it's a shame it existed in the first place. in rural areas where this rule has been relaxed for a long time people said we haven't had more than one child anyway because of our financial situation. unfortunately some families are saying even if we could or would want to have more than one child we won't. >> good riddance to this one. this has distorted relations between the sexes. there's stories about marriageable women in the minority making demands on marriageable men i want to see your apartment, i want to know how much money is in your bank because they have negotiating power. that's a distortion in the relationship between the sexes not to mention that girls are less desirable, which is completely wrong, of course. >> absolutely. all right. let's go the next topic. kayla, this one is for you.

the cheapest now klein is pledging $1.6 billion in philippine typhoon aid only after a lot of public outcry, a million i should say because of the original $100,000 donation. >> i was going say i think that's where the amount should be. half of what ikea the swedish furniture maker donated. you give what you get. china will get its comeuppance. >> a report says u.s. tax revenue will hit $3 trillion. >> i hope so. i hope things are going up. bottom line what i can see they increased the taxes. 35% now. now at 39.6%. they ought to be doing it. dividend, capital gains also went up. that makes sense. >> swiss voters capping earnings

at a company saying they can only make 12 times what the lowest paid workers makes. we got 30 seconds. >> i talked to some staff here about what they thought of it. that doesn't put any more food on my table. the way to bridge the income gap is to raise the wages of the lower earning employees. that's one way to do it. >> we have to leave it at that. thank you for being with us. coming up next on "street signs" what nasdaq 4000 will mean for the country and the markets. that want does it for us. have a great weekend and we'll see you all on monday. tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge

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nasdaq closing in on 4000 once again. companies with no sales worth billions and the back street boys are touring. are things getting a little crazy? your other hot topics. what china just did that could change their economy in a very grown up way. what happened on this day more than 100 years ago that changed wall street forever. you've heard of a freight train, you probably heard of a love