so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. stocks are soaring. >> and you can also check out that windowless plane story on the twitter account. "closing bell" is next. see you same time tomorrow. big fed day show. make sure you join us. and welcome to "the closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffith. quite bounceback. just about the highs for the session with the dow up 120 points. a surge in apple. it's all-time territory today. continues to hit -- >> even though kim kardashian uses a blackberry? lie we get to that later?

i have a new kindred spirit it turns out. so yes. $106 all-time high territory trading at close to 750 a share before the 7 for 1 split and it's as you see there having another big day up right now. >> and it's a big day, a big gets here on "closing bell." etna ceo, td amertrade ceo and john huntsman sr. giving away most of his wealth to fight cancer. so much to speak with him about. can't wait for that coming up. >> i love jon huntsman sr., such a charismatic figure. before that, facebook's earnings will be out at the top of the next hour. mark zuckerberg watching that stock rocket higher, nearly 50% this year alone. we will have the earnings, the numbers as soon as they hit the tape and the market reaction and analysis coming up.

>> here's the markets. the dow up 130 as bill mentioned. top of the session here. the s&p adding 16 points. it moves back up towards 1980. nasdaq up 65 today. 1.5%. that's raising, bill, eyebrows as people try to figure out what's driving the strength after the high profile misses including twitter and the russell 2000 on fire today. look at that, 2.5% just about. >> by the way, we are waiting for a statement from the president there on the south lawn of the white house. they have just put his papers on the podium there. before he boards marine one for a trip to milwaukee, wisconsin. for an event there this evening. but before he does that, he's going to go before cameras for a statement on ebola and we want to hear that statement so as soon as that gets under way, we'll take you there live to the white house so that will interrupt our programming for

just a moment. as a matter of fact, let's do it now. here's the president on ebola. >> i just want to offer a quick update on ebola and number of the issues that have been raised. we know that the best way to protect americans ultimately is going to stop this outbreak at the source. and i just had the privilege of speaking with some of the men and women who are working to do just that. our disaster assistance response team on the ground in west africa. first and foremost, i thanked them for their compassion and dedication. these are the folks the moment we saw the outbreak growing larger than traditionally, deployed and on the ground and helping to coordinate the countries where the outbreak is happening to make sure that the response was effective.

and it's typical of what america does best. when others are in trouble, when disease or disaster strikes, americans help. and no other nation is doing as much to make sure that we contain and ultimately eliminate this outbreak than america. we deployed this dart team to west africa back in early august. they're now the strategic and operational backbone of america's response. they've increased the number of ebola treatment units and burial teams. they have expanded the pipeline of medical personnel and equipment and supplies. they have launched an aggressive education campaign in country. the bottom line is that they're doing what it takes to make sure that medical personnel and health care workers from all countries have what they need to get the job done. and the good news is that it's starting to an impact based on the conversation that i had with

them today, they're starting to see some progress in liberia and the infrastructure is beginning to get built out. that's thanks to the incredible work and dedication of folks from the united states who are leading the way in helping liberia, guinea and sierra leone. and it's critical that we maintain that leadership. the truth is that we're going to have to stay vigilant here at home until we stop the epidemic at its source. and for that, we're going to need make sure that our doctors and our health care professionals here in the united states are properly trained and informed and that they're coordinated if and when an ebola case crops up here in the united states. but what's also critically important is making sure that all of the talent, skill, compassion, professionalism, dedication and experience of our folks here can be deployed to

help those countries deal with this outbreak at the source. and that's why yesterday the cdc announced that we're going to have new monitoring and movement guidance that's sensible based in science. and tailored to the unique circumstances of each health worker that may be returning from one of these countries after they have provided the kind of help that they need. in fact, tomorrow, i'm going to have a chance to meet with doctors and public health workers who have returned from fighting this disease in west africa or who are about to go not only to say thank you to them and give them encouragement but to make sure we are getting input from them based on the science, the facts, the experience about how the battle to deal with ebola is going and how our policies can support is incredible heroism that they are showing. so, we don't want to discourage our health care workers from going to the front lines and

dealing with this in an effective way. our medical teams here are getting better and better prepared and trained for the possibility of an isolated ebola case here in the united states. but in the meantime, we've got to make sure that we continue to provide the support of health workers who are going overseas to deal with the disease where it really has been raging. it's also important for the american people to remind themselves that only two people so far have contracted ebola on american soil. the two dallas nurses who treated a patient who contracted it in west africa. today, both of them are disease free. i met with one of them, nina pham, last week and she is doing wonderfully. and i just had a chance to get off the phone with amber vinson who's on her way back home and also as many of you saw in her

press statement today is doing well, also. of the seven americans treated for ebola so far, all have survived. right now, the only american still undergoing treatment is dr. craig spencer who contracted the disease abroad while working to protect others. and we should be is a lutding his service. and we are focused on getting him the best care possible, as well. our thoughts and prayers are with him. meanwhile, the west african nations of senegal and nigeria are declared ebola free because of outstanding work led in many cases by americans and working with the countries to make sure that we did not see an outbreak there. so the point is that this disease can be contained. it will be defeated. progress is possible. but we're going to have to stay

vigilant and make sure that we're working together. we have to keep leading the global response. america cannot look like it's shying away because other people are watching what we do. and if we don't have robust international response in west africa, then we are actually endangering ourselves here back home. in order to do that, we have to make sure that those worker who is are willing and able and dedicated to go over there in a really tough job that they're applauded, thanked and supported. that should be our priority. and we can make sure that when they come back they are being monitored in a prudent fashion but we want to make sure that we understand that they're doing god's work over there. and they're doing that to keep us safe. and i want to make sure that every policy we put in place is supportive of their efforts

because if they are successful then we're not going to have to worry about ebola here at home. america in the end is not defined by fear. that's not who we are. america's defined by possibility and when we see a problem and a challenge then we fix it. we don't just react based on our fears. we react based on facts and judgment. and making smart decisions. that's how we have built this country. and sustained this country and protected this country. that's why america has defined progress because we're not afraid when challenges come up. thanks to our military, our dedicated medical and health care professionals, the men and women who i spoke to today in west africa, that leadership and progress continues. and we're going to keep on making progress and we are going

to solve this particular problem just like we've solved every other problem. but it starts with us having the confidence and understanding that as challenging as this may be, this is something that will get fixed. in large part because we've got extraordinary americans with experience, talent, dedication who are willing to put themselves on the front lines to get things done. i'll have more about -- more to say about this tomorrow when i have the workers here but i just wanted to emphasize how proud i am of the people who are already involved this effort and how confident i am after speaking to them that, in fact, we're gong to get this problem under control. all right? thank you. >> there might be some confusion between the quarantine rules of the military and health care workers and some states? >> well, the military's a different situation, obviously, because they are first of all

not treating patients. second of all, they are not there voluntarily. it's part of their mission that's been assigned to them by their commanders and ultimately by me the commander in chief so we don't expect to have similar rules for our military as we do for civilians. they are already by definition in the military under more circumscribed conditions. when we have volunteers who are taking time out from their families, from their loved ones and so forth, to go over there, because they have very particular expertise to tackle a very difficult job, we want to make sure that when they come back that we are prudent, that we are making sure that they are not at risk themselves or at risk of spreading the disease. but we don't want to do things that aren't based on science and best practices because if we do

then we're just putting another barrier on somebody who's already doing really important work on our behalf and that's not something that i think any of us should want to see happen. all right? thank you, guys. >> all right. the president heading toward milwaukee for an event there this evening but before that a quick progress report on ebola both here in the united states and in west africa. jon harwood is there at the white house. clearly this had the president's focus full-time, jon. the u.s. strategy continues to evolve on ebola, doesn't it? >> reporter: yes. although he said pretty consistently from the beginning the most important thing to stop it at the source but i think the real onus of the remarks, most pointed remarks, directed and the president didn't say so at governors of new york and new jersey saying we're not going to make decisions based by fear. plainly the when you say and the administration believes that that's exactly what those two governors did in announcing

their new unilateral guidelines for confining workers and the president said that's counterproductive. he doesn't want to discourage the workers and wants to salute them and made the point that the only two people who have contracted ebola on american soil were nurses who were treating the man who came back from liberia where he obtained it in the midst of the outbreak. so he was trying to calm people down and push back against those politicians who he thought were giving in to public fear and not tamping it down. >> jon harwood, thanks very much. see you later. let's get back to the markets running a little bit behind schedule obviously at this point but the rally continues. the dow up 147 points this hour. joining us in the exchange, gemma godfried and we got david kudlow joining us, as well. gemma, there's a feeling here in the united states that the fear over ebola some extent caused

some of the volatility in the markets. you also believe the fed is a problem for the markets down the road. but prioritize. are you watching ebola and reacting to it as much as we are here? >> i think it's a time when you have to keep your head and others around you losing theirs and the way to do that, check your time horizon and focus on quality companies to appreciate in value longer trmer and this is an opportunity to buy into markets and we do think that the volatility is here to stay and some complacency in markets and natural to see it coming up to more normal levels but we're using this to buy into markets and closer to home in developed markets. >> david, all the same, looks like markets here are bid up. no surprise ahead of the fed meeting, the pattern for last several meetings. what does the fed have to do or say tomorrow in order to keep the snapback going? >> to stay the course. we're all expecting that the fed is on autopilot relative to qe

and for qe to end, there will be some very close scrutiny on any language and the announcement but basically that the fed stays on course to end qe and then we're just in a waiting game for raising rates sometime next year. probably late next year. >> i'll cut to the chase. i'm sorry. we are tight on time. you said earlier today you would avoid investing in europe in the very place where gemma sitting right now. what don't you like about europe right now? >> i don't like the fact that there are countries there that are dangerously close to a deflationary economy and the political wrangling that mario draghi, the ecb president, has to deal with and implementing monetary policy. it's not as easy as it is here in the u.s. where the central bank, our federal reserve, can act as they see fit. there are a lot of constituents

there to agree and so, therefore, i think -- >> jim, give us if you could, before we go here, gemma, how likely is it, it's an economy the size of america's potentially entering deflation. what's the most likely outcome? do you think europe's an attractive investment for those of us on this side of the pond? >> europe is becoming a buy their trade and dependent on whether they have qe or not. you are seeing -- people underestimating the amount of progress made. if you lock at the banks are much stronger than they were. money supply, no one's talking about this. growth accelerating. however, that's all very well on the supply side but you need to see a boost in confidence an enthe way to get that is ironically if germany which is the growth driver of the region deteriorates enough that they actually stop opposing straight qe and so bad news is good news and stick a rocket up the markets. >> all right. we'd love to pursue this

further. we are tight on time. appreciate you joining us. >> we have about 40 minutes to go until the close here. markets having a nice day. the dow up 156 heading into the close and a lot will depend on how much is bidding equities up and how much is other factors like earnings? >> pressures on the fed once again. earnings season in high gear. facebook, gilead sciences, electronic arts reporting tonight after the bell. we have a preview what to look for in a moment here. and also ahead, the ceos of etna and td ameritrade talking earnings and topping forecasts and later jon huntsman discussing his autobiography hot off the press. find out if he thinks entrepreneurs have it easier or tougher these days.

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pretty good rally under way. the better performer is nasdaq up a percent and a half. apple leading the way there. that's an all-time high territory. apple shares are back to $106 a share right now. and facebook, ready for theirin of the hour. >> shares of insurance giant etna, though, down almost 3% in today's trade. profits and sales above expectations. the company boosted the full year guidance. >> medical costs are expected to rise to the high end of its prior guidance for full year. etna's overall outlook is up. could ebola throw a monkey wrench in the industry? joining us, we always like to welcome back the chairman and ceo of etna. good to see you again, mark. >> hi, bill. hi, kelly. >> health care costs. according to the release, it

surprised you to some degree how much it went up in the quarter. tell us about that and what you think the implications are going forward. >> i think at the beginning of the year, bill, we said we were going to see an increase of utilization. part is the economy recovers. we have seen that. it's noisy, though, however, as the lower end of the market, small group and individual get ready for the changes with the affordable care act so it's hard to predict and why we gave annual guidance. in the end, we'll meet annual guidance and again we beat and raise for the third quarter in a row so we anticipate overall that our earnings and revenue all will come in fine for the year. >> mark, is obamacare the grinch that steals christmas? i ask because this is a time when consumers have much more disposal income and there's reports about rates of people renewing or joining obamacare going up significantly. is that going to eat into disposal income? what kind of rate increases are you seeing? >> i think we have said that we see rate increases that will be

in the mid-teens, low to mid-teens and i think generally the rest of the pack with the rest of the marketplace. i think the part that's noisy is first time people have to re-enroll and people that joined last year. so all of this is new for everybody. and so, we want it to go smoothly and working with the administration and with cms to make it go smoothly but i think folks are a little confused of how to access the system and quite frankly the rate increases are just one part and subsidies change and not known until after the first of the year when tax season starts. >> we have sort of watched the evolution of obamacare through your eyes over the last couple of years here. so let me get your update on that. i mean, you opted out of some states and didn't think you could make money. can you make a living on obamacare as it now stands and do you feel things are settling down to some degree? >> well, i think we have a long way before it settles down. we need to see more healthy

enro enrollees in the program but first three quarters of the year the enrollment is profitable. we have more people in the system and the operating costs are lower. we have yet to see underwriting margin, the health care costs, at a place to get a return on capital but we think that's going to take some time. expectations not to make any money this year. >> so mark, why is it that in particular the expenses piece of this or the investment if you will is going -- that seems to be why the shares are reacting negatively. what's that all about? >> i think people are worried trend or health care costs start to increase again. >> are you? >> as the economy is improving and i think people worry it's industry trend and this people won't be priced for it. >> are you worried about that? >> no, we are not. >> why? >> we look at this every month. and we've looked at the overall

trends in the marketplace and trends are behaving. we have certain blocks of business, again, this lower enof the market that's a little noisy, but that's all in part because people are trying to figure out how the new system will work but trends are behaving still. >> but that's fascinating, mark, because it goes back as we've watched medical costs, the growth rate moderate since the downturn, there are some who say that's because the economy is weak and kept a lid on pricing. others say, no, there are important changes in the delivery of health kafr that are actually contributing to keeping prices low. are you seeing that it's because of the changes that hospitals, for example, are making that are likely to keep medical costs down? this is important implications across the economy. >> i think everybody's reacting to the changes that the affordable care act created and an action forcing event. hospitals and providers are looking to do things differently and more effectively. i think consumers paying more out of pocket and cautious how

they spend their money. if anything, if any kind of health care inflation returns it is related to a slow growth in the economy. it's not going to be like cycles were before. we have to watch it develop. given that it's moving slowly today, we have time to get in front of it should it jump up. >> how do you respond when i say ebola? i mean, obviously, a human story an we don't want to migake ligh of it but from a business standpoint at some point does it become another cost layer if this story continues to grow? >> well, we have already had two member that is have contracted with ebola. we have treetded them. or are treating them. we don't see it as a major cross driver given the population that's exposed to it. the only way it would be a problem i think for our industry here in the united states is if there was a massive outbreak in the u.s. and i don't think that's going to happen. i think we are in front of it and we're working to control it. so i would say, you know, we are

treating it, handling the folk that is have it and following the cdc protocols and working with the administration to make sure it's not a bigger issue. >> mark, thank you this afternoon. ceo of etna touching on one of the most important developments in the economy right now. thank you so much. boy, the market just continues to move higher and feels like the market before all the volatility propped up in the month of october. the industrial average up 165 points. suddenly, we are knocking on 17,000's door again and other two major averages are doing better, as well. twitter stock amid all this doing a face plant after user growth disappointed and annual itselves downgraded today. we'll get a check on the name next. also coming up, head of the biggest u.s. discount broker td

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right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. rally day on wall street. the day before a fed meeting closes out. this is becoming the norm lately. industrial average up 162 points now. s&p up 20. the nasdaq's up 70. transports are in all-time high territory. all ahead of the fed tomorrow

and i guess they're hoping that they hear some good news on quantitative easing. >> that russell making a push of a gain almost 3% today. dominic chu, what's pushing higher? >> let's talk about the big names. cummings, inc. is motoring higher. near session highs. reporting profits in sales that beat expectations. also boosted its sales outlook and up by 7% and then building products maker masco down about 4% in the trade. the company of behr premium pants and faucets met sales that missed expectations. the ceo said that the long-term outlook is positive despite a slower than anticipated housing recove recovery. big blue is repurchasing shares. in addition to the remaining 1.4 billion left on the current plan, ibm bought back around $108 billion of its own stock

since 2000 and spent a lot, of course, on acquisitions and other aspects, as well. twitter shares, of course, ending here. down 10%. this is off session lows after analysts largely had their expectations met with current results here but, of course, this current quarter outlook perhaps leaving a little bit to be desired. down 14% and now by 10 approaching the closing bell. back over to you. >> all eyes now on facebook. dom, thank you very much. that's such a big important gauge after some of these misses from the likes of twitter. we've got about 30 minutes to go before markets close and starting to get the earnings. again, keeping an eye on the dow making a go for 200 points here. >> continues higher. when we come back, talking about it with td ameritrade ceo talking about the earnings beat, whether or not investors are become and for how long. stay tuned for that.

plus, another lineup of heavy hitters after the bell. not just facebook. also gilead, marriott on deck. previewing the numbers when we come right back. ameriprise asked people a simple question: in retirement, will you outlive your money?

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all right. rally continuing. we were talking during the break here. every time you turn around it's up another five points on the industrial average. it's that kind of rally here. look how close we are to 17,000 on the dow industrials. >> did you know if we look at the s&p, by the way, just since october 15th, 13 days ago, not even 13 trading sessions ago, up 9% off the 1820 low. that's an amazing snapback. >> yes, ma'am. >> bertha coombs tracking the action for us at the nasdaq and despite all this the outperformer of the day. >> and really led by small caps, russell 2000 today on pace to make up the technical ground.

if we get a close in the russell above 1145, .94, it regains the 200-day moving average. the russell and the small caps was where we started to see that downturn in stocks this quarter. some of the big names there, higher today on earnings. sanmina and buffalo wild wings. all this talk of twitter not working or issues with twitter, talk about the comeback tweet today. elon musk defending tesla and shares responding after being hit yesterday. of course, tesla's not a big, big weight. ap sl the big behemoth here on pace to close at yet another all-time high above $106 a share. big caps and i would be remiss if i didn't say health care, a standout today. s&p health care index at a new all-time high.

amgen today strong and also its analyst day and new highs for cerner and celgene, as guerilla. >> td ameritrade on move after new assets boosted the quarterly profits. also adding to the optimism, the forecast for next year where it could see further asset growth in 7% to 11%. >> joining us, ceo fred omaha. good to see you. thank you for joining us. >> great to be with you today. >> volatility. i'm guessing you like it. it's good for your business because you get more trading and all. the average investor i'm going to guess doesn't like it. how do you balance that to your customers out there? do you like the fact that you get the volatility of october or do you wish we'd go back to a

slower growth stock market? >> you know, we've been saying for a while as we get through this the fed put a lot of stimulus into the system. and as they start to adjust that stimulus, you're going to see increased volatility and we are seeing that so far in october. we don't mind volatility in terms of trading levels as long as the trajectory on an upward trend over time and we don't have the big moves in the market and we haven't seen those as yet even though we have seen increased volatility so far in october. >> fred, we had a guest on the other day accused retail investors of being dumb trading and he said every time the market sells off a little bit, people jump out of the market. i thought you highlighted the fact that people are savvier lately. what kind of activity have you seen as stocks have been so volatile here? >> well, for the last year, our investor movement index is trending up so investors are

moving into the market. and taking increasingly bullish positions. and but during that now for 18 to 24 months and they have certainly participated in a rally. let's not forget that last year the s&p 500 was up over 30%. >> did i read this correctly? net new assets were up 30% in the quarter. is that typical? that sounds like an awful lot of new money coming into your coffers there. >> yeah. we had a very good fourth quarter in terms of asset gathering. normally in that summer period there's a seasonal pattern to our business where asset gathering slows a bit and trading slows a bit. we didn't see much of that this year. trading was at pretty good level and very strong asset gathering. in fact, if lou okay tt year, we had a record $53 billion of net new assets, that's the sixth consecutive year of double digit asset gathering and very proud of this. >> what do you make of that?

is that simply your marketing or is there something going on out there among investors as they start to accumulate more assets? >> i think they've been accumulating more assets. thinking of the stimulus in the system, you're starting to see people, where do you go as an investor? it's real estate or stocks and if you're looking at stocks, clearly the best market in the world to invest right now at least from a number of economists is u.s. market. it tends to be the market right now with the strongest economic growth so that's where investors are going which is good for us. >> fred, are you seeing anymore interest among millennials if you will and a generation we're told time and again that isn't interested the way their parents might have been. >> we continue to see them invest into this market. they're particularly interested in technology stocks. most popular holdings and most popularly traded stocks continue to tend to be technology

particularly apple. >> we teased earlier that you've got a forecast for the end of the year. do you? what is it? >> oh, i'm not sure i have a forecast for the end of the year here. in terms of equity markets. you know, i think the markets are well valued right here. and as i said earlier, i think we have gotten used to low volatility and an upward trend in the market. we have to get used to more volatility. there's a lot of geopolitical events going on and as the fed starts to pull back on the stimulus, we'll see volatility. >> we have to go. just to be clear, are you saying more or less it's apple, interest in apple trading that's getting millennials engaged with the stock market specifically? >> not necessarily just apple. it's apple's our most popular traded stock and most popular holding but tends to be more technology stocks so you will see interest in various players, whether it's twitter at times, whether it's google, whether it's amazon. but they'll trade off different

things. sometimes they're shorting that stock and so you do see an interest in that sector, the millennials in particular in technology. >> fascinating. just curious. thank you so much. ceo of td ameritrade. >> and the word from him is buckle up. >> yeah. >> volatility is us here. and markets had a slight pullback. the dow up 166 points right now. but we are still suddenly, suddenly precariously close to 17,000. look at the russell. 2 plus percent gain today. >> we have another barrage of earnings after the bell. dominic chu to preview the names and numbers to watch next. don't go anywhere. (vo) you are a business pro. solver of the slice. teacher of the un-teachable. you lower handicaps... and raise hopes. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the

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is. earnings season about half over and reuters estimating about 73 ors of companies reporting topped estimate ice dominic chu has the names and numbers to watch out for tonight. lots of big names. >> lots of big ones and the biggest of them all, facebook with earnings and analyst looking for 40 cents a share. as with twitter, investors watching closely for user growth metrics. options traders are pricing in a

swing after the report. on the bio tech front, gilead sciences. they have a number of products but the help titus c drug getting attention as well as an update on the new hep c drug and consumer spending a focus for marriott. we'll see if people are spending on travel at a healthy clip. ea also reporting today. estimates 53 cents a share on sales of $1.16 billion and panera bread, as well, expectations are for earnings per share of $142. on sales of $620 million. back over to you. >> i love this time of the quarter. i do. when all the earnings are coming, rushing out. >> exciting. >> it is like open the box of the puzzle and all the pieces spill out. >> just fly by, right? so many of the reports. just staggering sometimes. >> great stuff. thank you.

see you later. it's already 12 minutes until the close here and the dow's up 159 points. art cashin wandered by. signaled that there's no real pressure either up or down as we head toward the close here. >> and then later, after getting through the earnings, jon huntsman sr. speaking with me in a rare interview. we have the upcoming midterm elections, the economy and what it took for him to build the fortune out of nothing and trying to give it all way in an effort to cure cancer. >> if you don't know jon huntsman sr., stick around. one of the most charismatic business leaders in our country. great guy. stick around. (vo) rush hour around here

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eight minutes left with the dow up 152 points. back to dominic chu for the quick market flash. dom, what do you have? >> bill, shares of video game maker are high we are the overall market but perhaps helping things along is an l.a. superior court ruling dismisses a suit of a former dictator of panama. the video had a character based

on noriega. activision, was the publisher. former mayor giuliani was arguing on behalf of activision. back over to you. >> crazy story. thank you very much. see you later. market moving higher here. up 162 points right now. heading back to the highs of the day. joining me as we head toward the close, j.p. michael and barbara larson. i mean, i know, you're the individual stock wonk watching them carefully. what do you make of the earnings so far and this rally? is this earnings driven do you think? >> yes, i do. certainly one thing going for us in the very slow growth economy. fifth year earnings failed to get 3% and kornted to be strong and companies have done so many things to earn increase the earnings. >> we have had strong day it is

last few days here. >> i think the fed's going to hold the key tomorrow, right? hopefully we'll see a patient and friendly fed. we'll see a fed that draws the proper line between an improved labor market and i think fallen inflation expectations and hopefully one to maneuver an exit of quantitative ease without a lot of month-end volatility. >> i mean, going to -- two things to watch for that they end quantitative easing and then if they signal how long we have to wait before we raise interest rates. >> janet yellen referencing wanting to see disposal income going up and says this each time so i think they're going to, you know, really err on the side of slow to raise rates until they start to see that. >> are you inclined to go into this market right now or wait and see what the -- get more information out there? >> i don't think it can hurt to wait until tomorrow. i think today --

>> not until tomorrow but, i mean, more earnings coming out. >> i think certainly today you see the market is tilted towards everything that's going to come from the fed is going to be favorable. but you know what? what else can they do? do they desire a lot of market volatility? there isn't a tremendous amount of growth and there's not a lot of inflationary pressure so why not be measured? why not be patient and the markets will do extremely well with that type of rhetoric. >> we'll see. good to see you both. >> thank you. >> coming back with the closing countdown. capping off another strong day here and then earnings will take center stage at the top of the hour. facebook, gilead sciences, marriott expected to report the results. we'll have those numbers, the instant analysis and the market response. all very important coming up. you're watching cnbc, first in business worldwide.

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two minutes left. here's the dow today. this tells the story. quiet morning. busy afternoon. we took out the resistance levels in the s&p which we're not showing you here and once we did that around 3:00 eastern time, the last hour became this big rally and we're finishing about for the highs of the day with a gain of about 180 points on the dow industrial average. now the earnings after the bell. we have highlighted the big four. all trading higher here, bob.

you're watching for petroleum. >> after the bell. first big e & p out there. what i want to hear about is what about capital expenditures in 2015? what about price of oil and how's that going to affect what they're doing? >> look at the dow. about to tick over 17,000. you have a report of the new york fed of what happens in the market the day before a fed announcement. >> everyone knows that the market goes up the day before and into the fed meeting. new york fed's got a report out calling a fed drip and going on over 20 years and the conclusion of why it's happening is we're not exactly sure. everybody's passing this report around. kind of laughing at it. we all know it happens. part of the folklore and why the market is going up today by the way. it's the day before the fed meeting. the market goes up. >> they better deliver tomorrow or -- >> right. >> tradition also holds of volatility on the fed day, too.

especially after 2:00. we'll watch for that. thanks, bob. going out here. we'll see. we are right at 17,000 on the industrial average. let's see if it holds in a few seconds and stand by for the big earnings reports. wait until you see the a-list panel right now on the second hour of "the closing bell" with kelly evans. see you tomorrow. thank you, bill. welcome to "the closing bell." i'm kelly evans. that's larry kudlow. the dow on a gain of 183 points. in fact, look at this. those couple of points at the bell pushing it over 17,000 and reclaimed that level after the selloff we saw in october. the s&p 500 meanwhile adding 1%. look at the russell. up almost 3%. back to the level of 1150 or thereabouts. the nasdaq with a strong session, too. up 78 points. bring in the panel as we wait on some big earnings any moment now

after the bell. our very own jane wells in town gracing us here with her presence. welcome. buckle up. also joining us is mr. larry kudlow as mentioned and former governor of vermont, howard dean. welcome one and all. joining us right now to weigh in on today's market action, too, trader tim seymour and "shark tank" investor kevin o'leary. welcome, everybody. tim, look, just first to you. what did we learn from the trading action today? >> well, if markets can correct to their intraday lows of ten days ago down 9% and come back up, did we have a correction? and i think the action is little dangerous, quite frankly. i think people have gotten -- we were talking in the green room before emboldened and if the fed gives you anything tomorrow that starts to talk about that people are in very different sides to where the fed is guiding us in terms of where rates are at the end of '15, '16, '17, considerable time period an enif

that's taken out, meantime, i think people who said i need this correction to get back in for a year-end rally probably jumped in a little too soon. >> and a blink and you missed it kind of story. tim said the action a little bit dangerous quite frankly in terms of the bounceback. would you agree? >> i have been on opposite sides of tim. >> come on, larry. >> i hate to. but there's no recession. there's no inflation. okay? oil prices are falling. and king dollar is firm and stable. profits are rising. the mother's milk of stocks. that's a good combination for stocks. >> by the way, i want to draw attention to when's happening on screen. we have facebook's numbers hitting the tape. looks like a beat on the top and bottom sides. julia boorstin has more now. julia? >> yes. beat on both the top line we have facebook reporting 43 cents in earnings per share compared

to 40 cents per share expectations and revenue of $3.2 billion. wall street expecting $3.188 million. user numbers are obviously very important. daily active users 864 million on average for september. that's better than expectations of 852 million. monthly daily mobile daily active users 703 so that is also -- i believe that was not -- not an expectation with that. monthly active users 1.35 billion in the month. that's right in line with expectations. mobile active users 1.12 mm and in line with expectations. revenue of advertising up 64% year over year. that's slower than q2's 67% advertising growth. but it did total revenue of third quarter 3.2 billion. and revenue from advertisinging

2.96 billion. looking at the shares are lower, it could be because the revenue was -- growth slowing as expected. i'm going to continue to dig through the report and get back to you with more. >> thank you very much. shares bouncing around a little bit. almost positive there. let's get reaction to the results. jane, you use facebook? >> all the time. all day long. but i use it mostly now on my phone than on the desktop and really curious to see out of the numbers seeing in mobile. julia's giving you the advertising revenues there but i'm curious. why the stock -- why the investors after the hour are disappointed. >> especially because this is what's interesting as well as to look at some of the names before them, the twitters of the world. >> right. >> is the pie growing or facebook share of it growing or snot this remains the central question here. kevin, you use facebook? >> yes, i do. and i see nothing wrong with any of these numbers.

this is a really good quarter as set out by management last quarter, hitting every metric they articulated very well versus what twitter does. but i'll tell you something that really is getting to me. the concentration of online advertising, there's only two players. there's google and facebook. they're sucking the air out of the whole industry. they're the index of online revenue in advertising and happening and i think analysts in the numbers are going to say exactly that tomorrow. >> they're going to want to at least see, howard dean, growing by leaping and bounds. >> these are speculative still. this is such an interesting thing. you have an incredibly disruptive technology, facebook, et cetera, and disrupted by new technologies. i think that 20-something-year-old crowd uses facebook. the teens use instagram. >> or snapchat. >> and 60-something use twitter. i love it. i tweet a lot. >> instagram is owned by

facebook. >> that's right. they saw it coming but this is going to continue. it's going to be more hot apps that come on and buy them at ridiculous multiples and some make it and some don't. >> speaking of an acquisition and 19 billion and -- >> you have to say facebook is smart about what they have bought. >> back to kevin. don't you think 60% in ad revenues is impressive? the economy is not that great but obviously facebook is great. i mean, that's a big number. >> well, except, larry, this is coming at somebody's expense and it's television. >> they have turned the platform, they have turned the platform into a measuring metric and deliver to you an advertising platform to measure. when people say online advertising, what they mean is just facebook and google. everybody else has nothing. >> julia boorstin with more details now. julia? >> that's right. now, digging into the numbersing look at the average revenue per user, both of the stats coming in better than expected.

average revenue per user coming at $2.37. advertising revenue per user, $2.19. both of those higher than expectations. now, another key stat to point to here since we are here at the code mobile conference and mobile is key to facebook's growth, mobile ad revenue was 66% of facebook's total ad revenue. that's up from 49% in q3 of 2013. so just showing you how mobile continues to drive facebook's growth. kelly? >> you know, it's interesting. i don't really pay attention to the mobile ads yet and i haven't bought anything through the mobile ads. when's funny about facebook, i don't know how they figure it out. they're telling my friends i like something. oh, jane loves banana republic. i don't know where they got that from. that's all over -- someone else likes whatever. i'm curious. on mobile how much follow through they're getting. obviously, people paying for the ad. >> the reason this is already

outvoted this 5s you have to the 6, the size of a samsung, kids are moving away from either laptops or certainly desktops. this is what young people are going to use in the future but with a slightly bigger screen. >> tim seymour? >> i think the other thing to get to and this is something we saw with twitter is what are the maus? facebook dwarfs twitter in terms of total viewership and where the growth i think needs to come from for the ad revenue and we talked about and i think kevin brought this up. a larger share of a piece of pie that's getting bigger and bigger and scale here is what matters so i think people are concerned they're not growing fast enough and so far ahead. the bar is very high for facebook coming into the numbers. there's concerns that what's app shares that could come out again a liquidity event of facebook for a few days. i don't think that's reason to be selling the shares. i think the stock's a bit of a victim of its own success and like most of the folks out here

on the panel i think facebook is doing everything right relative to the space that people said two years ago they couldn't compete in mobile. they're dominating mobile. >> larry? >> kevin, you know more about this. i'm twitter user. why can't twitter monetize the way facebook does? what's blocking them? what's the business execution mistake they're making? >> i think they're having a very hard time keeping users on their platform for a lengthy period of time. the same way facebook can. that's the real challenge. i use twitter. i'll tell you something else i'm depressed about and speak about this without any disrespect. i listen to the ceo and i looked at the numbers. i was not able to understand a direction from what dick was saying. he's not good at articulating metrics that i can measure. and i hear other people saying -- >> creating new ones. >> i'm concerned the company can't tell me where they're going and if you can't do that in a high multiple stock, you

get killed. and that's what happened today. >> tim? >> i was just saying that one of the problems for twitter is they're almost telling us, telling the analytical community what they're supposed to fol he and creating new metrics for us that almost serve their own purpose and logged on, logged off. i get that it's a valuable component and not necessarily where people are putting their bets. >> and it goes back to the platform question. we'll have to take a quick break and get back to. tim, you raised a great point, as well. obviously to the extent to be a platform. coming the landing page, that's fine but you want them as part of that ecosystem trapped if you will. tim, you can go and get ready for the show on "fast money" at 5:00 talking about the four sectors of oil's steep decline. straight ahead here, much more reaction to facebook's results and also going to round up the other after hour results coming in fast and furious.

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welcome back. we are back with more on facebook's earnings and see if the shares managing to turn higher.

back and forth across the flat line and digesting the after hour market response. we're joined by two guests. along with the panel and kevin o'lea o'leary. todd, what jumps out to you about the quarter? >> i think it's what didn't jump out. i'm trying to figure out the arpu depending on the market. if growth is coming from asia, for example, where arpu is $1.02 last quarter, what's the arpu this quarter? in the united states -- >> can we not arpu? >> i eat very important because -- >> plain english for the viewers, i mean. >> average revenue per user. >> thank you. >> in the united states, $6.44 last quarter. i don't know what it is this quarter and in asia i have a feeling that's where the growth is coming, especially moving far bond 1 billion users, 1.2 billion users. >> fair point. burt? >> yes. i like the company. mainly because i love the ceo.

he's probably the smartest guy in silicon valley. i like to have smart people working for me. mark zuckerberg gets $1 per year in salary. i'd be willing to offer him much more to work for me but he won't. the next best thing i can do is buy the stock and work for me that way. >> bert, how do you value the shares in that case? where do you think they should be trading? >> it's p.e. of 85. very high. the last time i talked about the stock three months ago and it was 95. next year this time probably 45 unless they have a big rally. i like the company. i don't look at quarter to quarter numbers with a company like that. i want mark zuckerberg. he is going to make me a lot of money over the years. unfortunately, i wasn't able to buy the stock before this because i was coming on to the program. but -- tomorrow morning you got to be in a hurry to beat me to

it. >> does he like the stock? >> bert, did i hear you say the stocks gone from 85 to 45 next year? and you like the stock? >> price earnings rash yes. >> the multiple. >> okay, okay. how about the share price? where's that going? >> well, you know, i use technical analysis and so we never try to tell a stk or the market where it should go. it will tell us where to go and t tell us when it's ready to tap out. it's one of the few stocks i hold and forget. >> okay. todd, where do you think it's going? >> i don't know. i'm not a financial analyst. i'm a journalist in that regard but i think instagram and what's app should be the new growth engines for facebook and interested to see how it monetizes both of them moving forward. we haven't heard much on the what's app angle and instagram is just now getting advertisements and i want to see how it drives things because i

think the united states as you were saying before the break, facebook's getting stale, especially among younger users. i'm 29. i'm not a big fan but i use instagram and twitter a lot so i think there's monetization there moving forward. >> a 20-something using twitter. howard dean? very important. i feel so much better now. >> twitter's a professional tool. facebook is a personal tool. i didn't mean it like this. >> i have to figure that out. >> i'm sorry. back the you. >> i'm gong to process that. >> all i'm saying is share reaction new of facebook down about 1%, this is a company worth over $200 billion. so even if it has everything in this quarter, more or less going right, there's a lot priced into the name. the easy money is probably made and the question now is a question of betting on executing right and maybe winning more of that share? >> that is 10-year-old company that is seeing 60% earnings growth.

revenue growth. people have been writing facebook off for the last two, three years. writing netflix off. reed hastings said he got tired of the obituaries of netflix being written. they're killing it. >> kevin, this is interesting. people now i'm hearing from various place betting on the name almost because they're happy to be betting on mark zuckerberg r. they overconfident in this guy as ceo or does he got the goods? >> i think he's executing quite well and most people are looking at the metrics of any company at 85 p.e. saying is insignificant bre anything breaking down? that's not happened. facebook over the last couple of quarters coming to my attention, this whole issue about coolness with 20-year-olds has been around forever. but i'll tell you a growing segment. small business is now allocating a portion of advertising to

setting up and maintaining facebook pages to grow business. and i hadn't seen that as much momentum as i have seen it now. every single one of the deals i'm invested in of sales under $5 has a facebook page and spends maintaining it. >> that's a great point. >> it is if i can jump in. we use it all the time. it's actually a great point. a small business and it's a small publication. having facebook likes and people following the page is huge for us. in terms of both general ratding new traffic and keeping our audience, existing audience happy. i love it. great point. >> fair point. jane, do you have any scores to settle with kevin 0 leo'leary. >> yes. we shared the scene and he wanted to know if i had dated charles manson. i know where you live, o'leary. >> by the way, we found kevin's college picture. >> he is charles manson!

>> that is beautiful. >> i'm calling the penitent rare right now. >> if you have -- >> you have a history to share with us. >> as sober as i did in that picture. >> the last time i was with kevin he told me never to buy a house again. i'm pretty sure he said that and said never buy a house again. >> i remember that. any regrets? >> not at all. i've been right. housing is rolling over. >> did anyone tell you, kevin -- buy low and sell high. >> you don't look a day than your high school picture. >> i just am a lot blonder. nice try, kevin. >> thank you. >> nice try. thank you for being here. our thanks to kevin, todd and bert. facebook shares fighting to turn positive after that quarter. may be stealing the spotlight and other big companies that just reported, too. dominic chu breaking down the numbers coming back and talk about a true american success

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estimates for 40 cents a share and beat there. revenues though coming in just slightly better. $3.2 billion. jon fortt tweeted out this is not when you see the wild stock swings. look for the conference call and outlook issues to move the stock more. gilead, also in terms of earnings per share, unclear if that's comparable to estimates. revenues coming in slightly better. the hepatitis c treatment, sales lighter than expectations. so those shares you can watch for that one there. electronic arts, 73 cents a share beats estimates in terms of 53-cent estimate. also sales coming in slightly better, as well. shares up by about 3.5% and then invensense reporting five cents a share versus estimates of 16 cents a share. sales in line at $90 million and

said that gross margins declined from the same time last year due to a one-time inventory related charge and a secular shift to certain lower margin type items and the revenue mix a question there. express scripts, earnings matching of $1.29 a share. sales better, as well. for the average analyst estimate. >> dominic? dominic? dominic, i have to ask you this. i know you know all things about the stock market. at this point, at this point, are not the earnings per share numbers beating expectations? i don't mean the number of beats. i mean the actual dollar numbers are beating expectations? >> they are. many analysts do think that the earnings are beating expectations and not just the per share amount and i know, larry, you are one of the biggest proponents of this idea that the mother's milk, if you will, of the stock market is corporate earnings and healthy

to see this and the expectations beat. the real question is about whether or not the revenue growth is there to back it up. that's not the overall arching thesis for you, larry. it's something that people are watching. >> profits are the mother's milk of the stock, the life blood of the economy and the profits are rising. >> largely because the ex-financials declined a bit. >> stop already. stop already. it's good news. you know? >> i know. i know. people are twitter will give me hell about it, too. he's one of the nation's richest men and given away much of his fortune to the fight of cancer. jon huntsman sr. telling us about his success, his work and critical of wealthy americans that don't give much to charity. taco bell with an app for custom orders and getting people to spend more money? taco bell's president and soon to be ceo joins us coming up.

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tell tom torlakson to keep fighting for a plan that invests in our public schools. welcome back. he's had his share of board room battles and jon huntsman sr. won many of them and documented his success. "barefoot to billionaire."

jon huntsman sr. joins us now, founder and chairman of huntsman corporation. welcome. it is great to have you here. >> thank you. nice to be with you. >> i almost don't know where to begin. i wonder if you could give us when gas and oil prices are plunging and concern about the petro chemical industry broadly and you have been through a downturn recently with your company, how bad is it out there and what's your expectation of oil prices going low here? >> i think they're stabilize realtively quickly around thanksgiving. but our business in the petro chemical business we have been in business 45 years, is doing extremely well. we had the third quarter earnings yesterday. the best third quarter we've had in history. our foundation with most of -- largely shareholder in huntsman corporation started to buy more shares today and we have great

confidence in the future. europe, asia and the united states, so things look good, kelly. >> and it's interesting to hear you say that and think back to the financial crisis and your struggle notably with leon black and apollo. you got billion dollars out of him when there was no money going around. what is your opinion of leon black? what is your opinion of wall street and whether it's a friend or a foe to corporate america? >> i quowrote a little bit abou this in my book because i thought it deserved attention. the private equity firms obviously changed okacquisition in america forever. when i bought the businesses to create huntsman corporation it was done on a one on one basis, trust, confidence and a feeling of taking care of the employees from the company you were acquiring. today, it's a matter of who can bid the highest. there's no personal interest to be spoken of and it's a very different world today.

it's one that entrepreneurs like me don't like very much. >> the face of the industry for americans is mitt romney. would he be a suitable president? >> of course he would. i think mitt's an honorable, fine man. and he and i have known each other for a long time. his dad was a very dear, close friend to me. so i think mitt's a fine man. >> do you think he'll run in 2016? >> i don't think he will. >> do you think he should? >> i don't think he should and will. i think the family went through a grueling battle. i know them well. i think they went through an experience with respect to whatever he said seemed to be wrong and even the republican quarters that it would be difficult for someone to go through that again. >> is there bad blood now between the huntsman and romneys? some of the book asserted that was the case. >> not at all. i don't know that we've ever been closer than we are today. naturally, with jon jr. on the

campaign trail with mitt, sometimes things were said or done but all is well. we're all at peace. and the romneys are great friends to the huntsmans. >> on the political front, we have the midterms looming and will turn to the national election. who do you think is fit for being the republican candidate for president as 2016 looms? >> well, the most obvious candidate is jon huntsman jr. he's been an ambassador three times. governor twice. over 80% of the democrats, over 80% of the republicans from state of utah voted for him. he brings people together. he's such a tremendous leader and a gifted person. and i would put probably right next to my own son who i really love and respect probably jeb bush who i have a great deal of admiration for, as well. >> do you think it's good for this country that we would have potentially a race that pitted a clinton against a bush?

you know, i just think to your own story, barefoot to billionaire. when about the new entrants and the fresh faces and the ceos? >> i wonder the same thing. i think congress at a 7% approval rating by the public it drives many business men and women out. it's not a respected position anymore. and until that position becomes respected, an elective office, we'll see tremendous numbers of very talented men and women like you have right there with you who will not seek public office but eventually we'll come back to normal again and find the ronald reagans and even the bill clintons. >> do you think chris christie is one of those possible ronald reagans of this generation? >> you know, that's really hard to say. i think he's done a fine job as governor but, you know, like a lot of other americans, we're waiting to see exactly what he as says and does and learn more

about him. >> is it true you once sent out 30,000 christmas cards? >> yes. that's true. it's actually about 32,000. but you have to realize -- >> that's an unbelievable number. >> you have to realize that many of them went to our associates, employees around the world. our customers, our suppliers. of course, many of our dear friends. >> i'm just -- i read it, i had to read that passage ten times to make sure i was seeing it correctly. thank you for supporting the u.s. post office. but, you know, there are certainly people who look at what you have accomplished in the business world and now what you're doing on the fi philanthropic. how convinced are you that your dollars will be put to use in an initiative you say you want to win of cancer? >> i had cancer four times. my mother and father died of cancer. we are making progress. huntsman cancer institute is the largest research center in the

world and making tremendous progress in virtually all types of cancers and the problem is we're lacking funding. the government's cut back tremendously an virtually all of the money from private dollars. we are building, growing. take childhood leukemia. used to be 80% fatality rate and now 10% to 20% and working hard on different women's cancers and making progress and i really tip my hat to the great scientists and the men and women in the working with cancer research. >> there are so many different billionaires if you will in this country now heavily involved in philanthropic efforts. is this money being put to good use? >> well, i think the best use it can be put to is cancer. one out of two men and one of the out three women will have cancer in their lifetime. 500,000 americans die of cancer every year. 7 1/2 million people die of cancer every year. there's no cause greater this need of funding from the

billionai billionaires, millionaires and average people on the street of cancer and directed to cancer research we can make a huge difference. >> what about the dollars going back to the national coffers here? you know, we ran a large deficit in the downturn. things look better now. certainly we're as a country better funded. there are entitlement concerns, all of those things out there that are still in need of some leadership and perhaps some overhaul. do you expect that that will be coming if the gop takes the midterms next week? do you respect president obama and his leadership on these issues, as well? >> well, i respect president obama as a family man and i think as an individual trying very, very hard to do what's right. absolutely i disagree with him on virtually every policy issue. i think it's bad for america when one adds state taxes to the type of taxes i now pay and others similarly inclined and we add tithing or certain church expenses into it.

we're well over 50% of our income is going to causes other than humanitarian or building businesses and building businesses and creating jobs is only place, kelly, as you well know to make this country function properly and get the middle class up where they belong. >> what would you do about corporate taxes tomorrow if you had the magic wand? >> i'd do what jon jr. did in utah, a flat tax. he created a flat tax and saved enormous amounts of money, a fairer tax. lowered the tax space. and yet we were number one in job creation at the same time. >> and what about immigration if i may? this is an issue that's we see business community rallying behind and members of the republican party opposed. >> i rally behind. i think we need to get on with the show. many of the people are making a great contribution. we don't want the divide families and it's important to get behind the cause and solve it and move ahead.

i think the republican party for those who believe in the other side of the coin, i think they're wrong. >> jon huntsman sr., we'll leave it right there. thank you for your time and touching on a wide range of issues this afternoon. >> thank you, kelly. >> "barefoot to billionaire" and many, many more stories in there i wish we had time to share. appreciate you being here. >> you've been so kind to me, kelly. thank you. >> now dominic chu with a quick market flash. >> watching shares of panera bread down in the afterhours session. they reported better than analysts expectations and sales coming in line with estimates at $620 million. but the company cut both its fourth quarter guidance and the full-year guidance, as well. due to among other things rising ingredient costs specifically for things like dairy and those types of products so, again, panera shares down by about 3% right now in the afterhours trade. kelly, back over to you.

>> thank you. it could be a tech takeover. robots tested as sales people in lowe's in san jose. that's drawing attention on cnbc.com. taco bell bracing for the future. >> the year 2032. the city, los angeles. the movie, "demolition man." the restaurant -- >> now all restaurants are taco bell. >> that prediction hasn't come to bare yet but the young brand's chain has a brand new mobile app that could help transform the business and world domination. that story's straight ahead.

facebook earnings out. people liking it on our website. allen joins us now. hi, alisten. >> how's it going, kelly? facebook earnings are just lighting up the candle right now. and, you know, kelly, facebook is always a strong number, too, to apple on the ticker look-ups on the website. today number one clear and away. people piling in. reading the earnings report and jumping into the quote pages and checking it out. >> strong day for apple in the mark market, allen. even strong fed days apple is often number one. >> a horse race. even the crazy market days of a week ago, apple, the apple story still outpaced the individual fed story so go figure. we have a second one that's also doing real well and put together a list of the tax foundation of the best and worst states for

tax climate. okay? i'm going to point out that the best states tend to be golfing states and the worst states tend to be states bad in the wintertime like new jersey. >> and vermont perhaps? >> allen! >> there you go. >> allen? let's not -- >> california is great for golfing. >> let's not gloss over that. california terrible. new jersey, the northeast terrible. >> that's viewed as a badge of pride. i am proud of it. we have one of the best education systems in the country. >> you were a -- that's later. >> i wasn't. we have always been a high tax state relatively. >> you didn't hike taxes. >> i lowered taxes. they were so high. we had a great education system. every kid with health insurance for 20 years. >> i thought there was supposed to be opposite sides here. >> we are on a lot of issues. >> both fiscally conservative. that's true. >> allen, other thing is, wyoming, right? >> wyoming's up there, too.

one of the better ones. you know what? the same debate you guys are having up there the readers having, too. i love stories like these because people just go right in these stories and they debate it up and down, up and down. i have a third story for you guys that's also getting commentary. it's a very salacious story. a divorce case going on in california involves a couple bio tech executives -- >> not me. >> we don't usually do this but the divorce filings moved the stocks. it is involving allegations of involving a banker at jeffries. all of this is allegations. >> oh yes, yes, yes. >> denied and rare of a divorce case this nasty actually move stock. >> allen, please name names. >> no, please don't. please don't. >> put it right out there. >> if it's -- >> it will help traffic on the website. >> why is it moving the stock?

a big block on the market as a result of this? >> allegations involve drug use and debauchery of all sorts of salacious kinds. >> it's the drug use to upset people. >> the drug use does some people think call into question of judgment of the leadership of the companies and nevertheless, someone pointed out, a distraction to the leadership of the companies and take the eye off the ball and moving the stock price. >> there's much more on the website. allen, thank you very much for now. up next, the battle for your breakfast s. taco bell starting to eat into the bottom line of mcdonald's and other rivals coming to the most important meal of the day? the president and incoming ceo joining us next. tomorrow, beat the street segment. the returns that blown away the broader market and we'll be right back. you do a lot of things great.

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welcome back. dom chu is back with an earnings alert. what can you tell us? >> so, kelly, this one here is for the jane wells in your little panel right over there. wynn resorts with results that beat it is average analyst estimate. revenues in line 11.37 billion lower than the same time last year and guess this, kelly,

jane, the surge was due to a 9% increase in las vegas casinos which helped offseat 5.5% drop in mccao and two thirds of the revenue and still up 2/3 of wynn's revenue. >> it's amazing the shares can be up 3% when macao is doing what it is. >> i was in the wind two months ago coming out to a live show at 3:00 in the morning. it was more backed than i had seen anything in vegas since before the recession. what's going to be interesting on the call is what steve wynn says about boston. we're going to be there live friday to talk about what's at stake for all the casino companies. >> now dorito's locos tacos are going digital. users can order and pay using their smartphones and head to a location to pick up their food. joining me now is brian nichol, president and soon to be ceo we should add of taco bell. welcome. >> welcome. thanks for having me. >> how big an investment was this and what kind of pickup are

you seeing day one? >> you know, well, it's been a big move for us this year and day one has been just phenomenal. we've already gotten close to 50, 60 reviews, and luckily the coveted five stars seem to be the trend. we're really, really excited with how things have gotten started. >> it sounds like there's a proppr proprietary payment system. are you thinking about incorporating apple pay at some point? >> you know, what we've actually done is we're the first in our industry to actually have mobile ordering, mobile payment, and what this allows is you can use credit card, debit card, the taco bell gift card, and it keeps everything secure and safe so we're really excited about that. apple pay right now we are not using that as part of the app. >> would you think of it? >> in the future it could be a real option for us. we're still pretty new. this is day one. so we'll see what our consumers

are asking us for. >> larry has been using it. >> mr. niccol, according to the news reports you blacked out on tw twitter and facebook, et cetera. how long will the blackout be? aren't those big advertisers for us? >> at taco bell we've always tried to do the unexpected. we have a huge social media following to your point. we have millions of followers on facebook and twitter, et cetera. really the thinking was by blacking out all our social media areas, the people that are our biggest fans will be the first to know we have the app and so far one that was really unexpected but, two, our fans have really appreciated the fact they're in the know first. >> we should add, what's happening in the technology front across the food space is really important right now, brian. i mean, this is interesting, innovative, but also crucial to your success. just what happens as more people -- this is upending the whole typical way of doing business. instead of walking into taco bell and ordering something,

people are going to be on mobile first and then coming into the stores. could that create any conflict? >> fast, super fast. >> you're right. i think one of our big pieces of our growth strategy is making technology break down the four walls of taco bell. we want the brand to be accessible for however our fans want to access the brand and more and more people between the age of 18 and 34, first play they look to make a restaurant decision, frankly, is their mobile phone. we have to figure out how to get our brands where they want it, when they want it, and then allow them to customize their experiences on their terms. >> i have a food question. wendy's is doing its own app. my first job was at taco bell. >> that's good. >> beef prices are at record highs. what are you doing to be able to accommodate those higher costs for you and, secondly, what's happening at breakfast? i tried it a couple times, i haven't been back.

>> yeah. so to answer your first question, obviously there's pressure on commodities and what we've done is we've looked across our business to find opportunities for us to save money, frankly, so that we don't have to pass along the cost that come into our business. we only want the consumers paying for things that truly a.d.d. valadd value and get them excited. in regards to breakfast, we are really excited about the start we've gotten. i think you might have seen in our most recent release, we're already ahead of break even. we see this as being an $80,000, $90,000 layer into our business. it's proving to be really incremental. the thing i'm really excited about is we're bringing the innovation to the breakfast category that, frankly, hasn't really happened in a long time. we're getting a lot of positive feedback. you should go back. >> one last question. for the overnight cloud in colorado and washington, are you seeing a lot of sales there? you know what i mean. >> munchies. >> quick answer, yes or no.

>> well, you know, here is the quick answer. the number one requested tweet is, hey, when can you get us delivery. one of the big things that came through is now that we've got the mobile app, are you getting closer to delivery. more to come on that front. >> are you? >> that's a dodge. you're dodging the question, brian. >> the answer is yes if they can get in their cars. >> if it's a no you better speak fast. brian niccol, the incoming ceo of taco bell. pressure is on. facebook continued the earnings parade today. tomorrow the fed could overshadow earnings about the potential announcement about the end of qe. how does larry feel about that? we'll be right back. ♪

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to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov welcome back. tomorrow the federal reserve ends its two-day policy meeting and it could also be the end of quantitative easing and i think larry is shedding a tear. >> no. no tears. by the way, i'm going to give janet yellen credit. they talks very dovishly but this action on following through on bernanke's strategy, they've closed down qe, i give her credit for that. i think she talks more dovish than she actually is and i think

that's a good thing. >> will they come to regret this, howard dean? >> no, they will not. i think bernanke is the one who saved the western economies by doing his stimulus -- >> i mean the end of it. >> no, no, i'm with larry. it's time to stop. absolutely. you can't go on forever. we'll have to deal with this. >> do i need to disagree just to have -- no, i think it's a horrible idea. back to you. >> i think the interesting thing is you have a story on "the wall street journal" website posted this afternoon. inside the fed they're debating, did qe do any good at all. i want to weigh in. first qe when we were all in deep, deep you know what was right, correct. the second and third qes i think did nothing except put a lot of bonds on the fed's balance sheet and the economy, which is growing at 2%, very subpar, did not react. >> i'm doing to say one word, europe. i think we see what happens when they couldn't react the way they wanted to. we're going to save the rest of that debate for the next time. we have to go. it's time for "fast money." >> taxes, taxes! that's what europe has to do and we have to do it also.

>> larry -- >> loopholes. >> everybody, jane, howard, thank you all for being here this afternoon. so much to get through. "fast money" will pick up from us now in just a few moments. melissa lee, facebook? >> facebook all over facebook's conference call, kelly. the stock has been sort of wild in the afterhours session. you saw that tweet storm from el elon musk debating the waunl and the data out from ward's. we have ward's editorial director to tell the fact from the fiction. >> shares were up sharply. over to you guys. >> "fast money" starts right now. live from sometimes square, i'm melissa lee. a big rally today for stocks with the nasdaq up nearly 2%. but right now the focus is on facebook. shares are moving slightly to the downside despite beating on the top and bottom line. the conference call is getting under way. we have sun tres btrust bob pec monitong