"power lunch." ty? >> fascinating and generally rather sort of secretive company, aldi. >> yes, very low key. >> we'll look forward to that. there was nobody in that store, by the way. i want to go there. no lines. that does it for "power lunch" for a thursday. >> with a strong market, "street signs" begins right now. see you tomorrow. yep, that's right. stocks are on the rise as we get more evidence the economy is on the mend. the question is why is the dow only up a couple of percent on the year? we're going to get some answers. and billion-dollar advice on what to do with your money from here on out. welcome back, brian, by the way. you know, we've talked a lot about the shortcomings of the dow, but this is a really good example today because one stock, visa, is responsible for about 135 points of the dow's rise today, all by itself. you can see there the dow is -- nicely sitting at 17,207. so it's back above the 17,000 mark. it's also higher for october

once again which means all three averages could finish with a positive october. brian? >> all right. so a big heaping dose of hopium helping stocks. the u.s. economy grew at 3.5% in the first quarter. let us bring in steve liesman. steve, what is working in the american economy right now? >> thanks very much. let's take a look at that. and kind of how many i doing on the u.s. economy, strong market, strong economy, an above expectations number today on third quarter gdp. let's dive in and look at consumer spending and some of the other sectors in the economy here. first thing i want to show you is the overall. notice here, four quarters above 3%. a lot better than we did here before except in one quarter here which was a negative number. that weather-related number. now let's dive in and look at the sectors. let's start off with 70% of the enchilada, consumer spending. that was up 1.8%. maybe a bit better than some expected, but in order for the fourth quarter to be as good, we're going to have to do a

little bit better here. we'll have to do 2.5%, 3%. some hope for that with lower gasoline prices coming and consumer spending up right around the holidays. let's move on and take a look at housing. 1.8% on the upside. that was not as good as had been the prior quarter. but still holding its own and adding to gdp growth here. government, a big surprise. and maybe it added too much to gdp for it to continue into the fourth quarter. 4.6%. that mostly as a result of defense spending, not expected to repeat in the next quarter. finally, net exports. one adding $51 billion. question as to whether or not that's going to continue also because of the strong dollar and whether or not the export surge goes on. we have some good numbers in there, better than expected, a very good trend for the past five quarters above 3%. lots of questions as to whether or not it can continue into the fourth quarter. >> to that point, what you were talking about with defense spending, i noticed after this came out, jpmorgan, framp, cut

their q4 gdp expectations to 2.5. do you expect to get back from those gains from defense and inventories? >> we're seeing a lot of that, mandy, which by the way will take growth at potential, not back down towards 2%. if it's 2.5%, that still should be enough to put people back to work, soak up some of the labor slack in the economy. i think the odd man and woman out here is the consumer spending number. how do those gas prices play at the malls this christmas? >> we wouldn't know that much yet, right, steve? because it's only going to be the last couple of weeks that gas prices really fell. so we'll probably feel gas a little more in q4. >> you know what's interesting about that is that is empirically correct, brian. it is absolutely true that you get a cut in gas prices and it is not spent immediately. it takes several months to work its way thr the system till consumers wake up and say i've got a few extra dollars in my pocket. maybe i'll go out and spend it. >> it was a stupid question.

i got 90 minutes of sleep. give me a break. >> it was a great question. because people are asking that question in october, brian, where's the gas windfall? you know what? it's too soon yet to see it. i thought it was a great question even for a guy with 90 minutes' sleep. >> not the kind of thing i would announce on live television. >> i was empirically correct? not just correct. >> thanks a lot for that, steve. so what does this strong economy mean for your investments? we've got zach handle of colombia management investors advisers and steve. gentlemen, great to have you with us. he always talk about the fact that the market isn't the economy, but what does a good economy mean for the market nonetheless, steve? >> really that's good news for the economy and for the market here, mandy. you know, we've got gdp growth actually continuing. i think it feeds on itself into next year at 3.5. the earnings season we've just come through has been solid. and thanks to weakness overseas and a dovish fed, we've got

interest rates really well behaved. so that is a goldilocks scenario for stocks. and we are thinking this is a very bullish time for equities. we've got a 2100 target for this year, 2500 a couple years out. we think the market's going to gradually move higher over the next couple years. >> you sound positive, steve. why do you think we're not going to get the first rate hike until 2016? >> well, you know, it's a combination of two things, mandy. you've got the fed, janet yellen in particular, worried about, you know, long-term wage inflation. she'd like to see some wage inflation. we have no sign of that. we have commodity deflation coming from overseas. so she's focused on inflation. and there isn't any. and she also wants to get this 747 economy of hers airborne from still recovering from the '08, '09 crisis. so we think the fed is going to be, you know, holding back some before it really starts to hike.

and that really gives us a very nice goldilocks scenario. for equities. >> zach, we know the fed will raise rates. when is just sort of a matter of conjecture. when the fed raises rates, will that crush stocks? >> we don't think so. i mean, as long as the fed is hiking rates in an environment which the economy is doing well, which as steve said, wage inflation is picking up, the labor market is tight, that's stilly environment for the stock market. and i would just say really what's happened over the last month is that markets have had a change of heart about the outlook for the economy. we've seen a downgrade in growth expectations, downgraded inflation expectations, and markets push back the time of the first rate hike by about six months, back into that 2016 sort of time frame. what we heard from the fed yesterday is that if anything changed between september and october, it was just that the job market got a little bit better. and so they've continued to express confidence in the economy, confidence in the labor market, and set a course for a

rate hike sometime in the middle of 2015. >> what do we do then, zach? there's no average viewer. all of our viewers are special in their own way. but you get my point. average risk tolerance, average age. what should they do? >> the single most important thing for the average investor is to stay invested. cash rates are still zero. with inflation between 1% and 2%. you're losing purchasing power all the time with money invested in cash. with the economy performing decently well, we think across most asset classes, you should be expecting positive total returns well in excess of inflation. so the number one piece of advice i think for your average investor is to stay invested. you have a healthy economy that should give you healthy returns across most sectors. >> steve, quickly, does europe matter? i mean, does it matter to the u.s. market whether or not europe grows or not, or does it basically just need europe not to blow up? >> yeah, that's exactly, mandy, you know, what i would say. as long as europe doesn't blow up, we're fine. and we don't think it is going

to blow up. i mean, it has been not really growing the last four or five years, bouncing back and forth around zero. but as long as it just hangs in there, we'll be fine. you know, all signs indicate that's the case. and certainly the central bank of europe, if anything else, you know, gives you a put on the european economy. >> how big of a risk is china? >> again, china, you know, is slowing down. we think that's a good thing. it's got a huge amount of currency reserves. they can use to kind of gradually prick the bubble that they've got. that's what they've been doing. again, as long as china doesn't blow up, and we see that as a very low probability event, we don't need a lot of growth. remember in the '90s, the u.s. was the sole engine of global growth. and the stock market did quite we well. so we may be in a period like that, brian, where the u.s. is the main engine of growth in the world. and that can be very good for our companies that are global companies. >> steve and zach, thank you very much for joining us on this big market day. well, the big story is --

well, it's actually something that could have major impact for years to come. it's actually apple ceo tim cook telling the world, coming out that he's gay. it doesn't mark a moment of real change in corporate culture. we're going to discuss it with the president of gladd next. did you know there are only five days left until the midterms? regardless of the outcome, we're going to let you know why midterms are generally a buy signal on wall street. we'll be back right after this. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton,

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tim cook in the news after anoupsing that he is, quote, proud to be gay. it is the first time the ceo has publicly addressed his sexuality. josh lipton is live outside apple headquarters. josh. >> reporter: well, brian, you know, it is an historic day in some sense. the ceo of the world's most valuable company telling the world proudly and publicly that he is a gay man. in that op-ed today, tim cook said that being gay gives him a better understanding of what it means to be a minority, a deeper sense of empathy. cook wrote, "it also gives me the skin of a rhinoceros which comes in handy when you're the ceo of apple." now, the news today not a big surprise. remember, it was just this week tim cook gave a speech in which he called on his native state of alabama to do more when it comes to gay rights. >> as a state, we took too long to take steps toward equality, and once we began our progress,

was too slow. too slow on equality for african-americans. too slow on interracial marriage which was only legalized 14 years ago. and still too slow on equality for the lgbt community. >> reporter: now, cook's decision being widely applauded by his leagues here in cupertino including executives like phil schiller and eddie cue. and apple's board also coming out with a statement that tim cook has their wholehearted support. back to you guys. >> thank you very much for that, josh. let's bring in now sara kate ellis, president and ceo of gladd. that's the gay and lesbian alliance against defamation. sara kay, great of you to join us today. >> thanks for having me. >> how much of a difference can it make for someone as prominent and as public as tim cook, the leader of a very iconic company, to come out? >> this is a game changer. not only in corporate america, not only in the united states,

but this crosses our borders. this is global. in the sense that he's so well respected and well regarded, that knowing that he's gay and him being open and proud and out about that is going to have positive cultural effects. >> yeah, sarah kate, and you look at apple, as we pointed out, the most valuable company in the world. does it make a difference that it is the biggest company in the world, or does it not matter at all? >> absolutely. this is our first fortune 500 ceo to be out. and it's apple, which is already a business leader, a cultural change agent in and of itself. so i think having tim out there is going to bring other people out. it's going to give people who are youth -- our youth today hope that one day they can be tim cook because when you see it, you can be it. >> why do you think he didn't come out earlier, though, sarah kate? >> everybody has their own personal journey with this.

it's such a personal decision, and he was building a business, and with stepping into steve jobs's shoes, which was a big enough coming-out in and of itself. i think, you know, there's so many factors that play into it. you can't pick just one. >> sarah kate, we're going to leave it there. really an historic day. and we appreciate you sharing with us here on "street signs." you have a fantastic day, all right? >> you, too. thanks for having me. >> take care. openly gay ceos may be few in number, but the ranks of gay and lesbian millionaires and billionaires growing. i bring in robert frank. it's a big thing. >> yeah, as they gained acceptance, the lgbt community has been gaining a lot of wealth and becoming a fast-growing market for the wealth management industry. we don't have any exact counts, but there are at least seven billionaires who have publicly identified themselves as part of the lgbt community. now, we've got media magnate david geffen, also known as the

free man in paris, of course. then tech tycoon peter thiel, john striker. here's the heir to the striker medical fortune. and the fashion world, you've got michael kors and the two founders of dolce and gabbana. and the hiatt hotel heiress became the first transgender billionaire. the list of members is much longer. some highlights include facebook ceo or co-founder chris hughes, colorado tech tycoon tim gill and magazine magnate jan winter. this has become a big market for the wealth management business. and a survey found that affluent and wealthy lgbt members are especially complicated because they have a lot of legal arrangements, but they're among the most loyal clients. the study found that 30% of those investors were married but that most file joint taxes. so they have very specialized needs, but they are among the most loyal clients. so those firms that can get that fast-growing market will have a big revenue stream. >> thank you very much.

>> thank you. >> robert frank. all right. get ready because we are about ready to flip the script. instead of earnings squad taking over the show, this show will take over earnings squad. we have got four big names that need to be on your radar before they report tonight. and a sweet treat this halloween for all of you chocolate lovers. "street signs" will be right back. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need.

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hard to believe, i know, but we're almost another week through earnings. lots of big names till to report after the bell. >> absolutely. let's bring in our earnings squad, jon fortt and jon that jarrian. the two jons. before we get to you guys, let's recap with our earnings scorecard here, brian. >> so far, 331 s&p 500 companies or about 66% have reported their numbers. of those that have, 76% have come in above estimates. 6% have met estimates. and 18% have unfortunately come in below estimates. >> okay. well, our thanks also to everybody for joining us today. what have you got on your card there? what are you looking at? >> we're going to start with me? >> yeah, why not. oh, jon fortt. >> these are the guests. don't short-change them. >> i was going to go clockwise.

jon, why don't you start? >> well, linkedin is after the bell. this is one of those high-valuation tech stocks. so we're looking for eps. 47 cents. revenue at 558 million. that's well above where linkedin guided. but you know what? traditionally, they beat on a top line by at least 7 or so percent. they'll probably do that. but guidance is the issue. remember facebook? they beat on a top and bottom line. but the guidance came in light. linkedin tends to be conservative on guidance. so that could affect the stock after hours. we'll have to see what they say. the talent business, that's their core business expected to turn in around $340 million if they're going to go well above where they guided that particular business is going to have to outperform. >> okay. we'll be watching that. what about you, jon? i know you've been watching gopro which got a little pr recently with that much-talked-about ten hours of walking around with a gopro, the lady who did that in new york. >> yeah. there's a lot about gopro to like, and then there's a lot

that they need to explain. as in, okay, are they really going to make that push into media that everybody keeps saying? >> mm-hmm. >> they're going to do. we know that they're a very popular channel with youtube, and we know that this third quarter is not going to be nearly as big for them as their fourth quarter because of the gifting and so forth that will go on with this. stock cratered down to about 64 again today. second time this week that it's gotten down to that level. it bounced, and just before we came on was right around 67 and change. 67.50 or so, almost unchanged on the day. so right now, it's pricing in a 12% move, mandy. that's the options. the calls and puts. so $8 is what they're saying between now and tomorrow, this stock could move. if it does move to the down side, i think a lot of people would want to buy it. not enough people covered on the short side, brian, from, you know, the big short interest that was there when it was 90-plus dollars a share. well, it's still within 300,000 shares of that short interest

that it was when it was at the highs. so they could catch a lot of people napping here. that's why i would be a buyer on the dip here. if you're not somebody who likes to do that, you could also sell some puts because they're very pumped up. 225%'s the volatility in here versus 90 which is average. >> i like doing earnings squad because we've each chosen stocks that sort of represent our personalities. jon, you're all over social media. you write for linkedin. jon, you take pictures of the food you eat in chicago. >> very true. >> so this next stock fits right in. >> come on, just because i'm australia, that's so cliche. i would expect better from you. let's move on to foster's beer. incredible growth rates is what we're expecting. >> you walked right into that. >> you picked it. >> i did. i did. i was naturally gravitating towards boston beer. who doesn't like samuel adams oktoberfest beer. we're expecting a gain of 23% on year for revenue, we're expecting a gain of 19% on year. i'm sure a lot of beer companies out there, some of the big boys like bud would love to have growth rates like that.

they've been focusing a lot on brand building. they've got a lot of things going on like the angry orchard apple cider, but this is the problem, right? everybody's getting into that space. there's a lot of competition. >> 2200 microbreweries in america. 2200 craft breweries. isn't that amazing? >> so competition definitely is something which could squeeze them going forward. but you know, because they're so focused on brand building, we could also see a discussion of significant expenditures on building those brands going forward. that's something to watch as well. and also depletions growth. what is depletions growth? well, it's kind of a funny word. what it means is how fast their products move from the warehouses out to consumer outlets to consumers like apparently australians like me. you know, year to date, the shares haven't done that well. despite this fast, fast growth rate. i think they're down about 5% to 6% year to date. >> i'm an infrastructure geek, as we know. a company we don't talk about much is flr. their numbers are out. eps estimates are 1.10.

that would be up from last year. the revenue estimates, though, exactly at 6 billion. that is down 10% from a year ago. right now wall street loves flr. 21 buys, 3 holds, no sells. but given we talk so much about infrastructure, the economy is getting better, you have to watch china. you've got to watch europe. are the weakness in those areas going to drag down flr? it's a fully global company here. this stock does not get a lot of attention. jon, you look at options. i don't know if there are options on fluor. it's not a very volatile company. i know you like the companies with the big swings. fluor doesn't have that. it's an interesting company. we need roads, bridges and things that don't fall down. >> i was reading because of the sliding crude prices essentially put this quote in the, quote, bargain bid. the cide prices have been weighing a lot. thank you, gentlemen. here is a sweet treat for you just in time for halloween. if you haven't got your

halloween costume yet, get started. cocoa prices falling. ebola-hit west after ra drove prices higher. cocoa prices are down 5% over the past week. still, cocoa prices are up a little more than 4% on the year. one stock that is a real head scratcher today is weight watchers. they did something weird last night that wall street couldn't figure out. the stock is tanking. we think -- we hope -- we figured it out. we'll tell you why in "street talk." later on, he won more than $8 million at the world series of poker, and now he's doubling down on this market. we're going to hear what big bets the reigning poker king is making at the tender age of 24. plus, we're really on top of the market. the dow suddenly up 1.2% right now. it's been gaining throughout the day. and we are getting back close to an all-time record, are we not? >> yep, we're getting there. >> right? we're getting there. >> and it's a positive for october now with today's gains. >> you know what else? a commercial break, so we'll be back in two minutes.

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i'm just looking over the company bills.up? is that what we pay for internet? yup. dsl is about 90 bucks a month. that's funny, for that price with comcast business, i think you get like 50 megabits. wow that's fast. personally, i prefer a slow internet. there is something about the sweet meditative glow of a loading website. don't listen to the naysayer. switch to comcast business today and get 50 megabits per second for $89.95. comcast business. built for business. we have a strong market run on our hands. the dow is up. i think visa's gain is adding

135 points alone, one stock, to the dow index. anyway, more on that in a second. the s&p and nasdaq are also moving higher. all three indices are positive for october. we've still got one more trading day to go. >> and 17,350 on the dow is the all-time high. less than 200 points away. we'll go back to dow all-time high watch. i want to look at kmx. no news today. this is the single best performer in the s&p outside of a company that got bought, care fusion. that doesn't count. carmax in october, number one performer, up double digits. 20% gain. you talk about an economically sensitive name. >> right. >> sells cars. >> really, i would never have thought. >> yeah. they sell -- well, they're trying to sell the maximum number of cars. we'll see if they live up to their name. >> yeah. generally i would go for the maximum rather than minimum. >> carmin didn't do well. ob, everybody, time for something we do every single day at this time. a little thing we call "street talk," five analysts calls you need to know about.

the first up is pandora shares, not music to albert freed's ear, being cut to an underweight. >> this is a story we probably should have done more on in the show. shame on us. pandora, people not noticing has been tanking lately. albert freed cutting it to an underweight. that's their fancy way of saying sell. their target price, mandy, is 16 a share. stock's at 18.87. it's about 13% below the current price. if you're saying a stock's target is below where it is, that's a sell. i don't care how you word it. >> holiday wish lists are coming. best buy, will yoiams-sonomwill. >> citigroup analysts like williams-sonoma. also the recovering housing market. new house. also new management. and guess what? maybe a little boost from lower gas prices. so that's best buy. not sure why we're showing that. williams-sonoma, wsm. >> the reason we're showing best buy, it was a twofer. they were added to citi's top

holiday picks in the hard-lines category. we're selling accelerating trend of people spending more on electronics as opposed to maybe clothes or food for their children. >> i only researched williams-sonoma. i cannot comment except for they sell stuff. this was the mystery we were bringing to you. it's a strange one. it's very odd. it is weight watchers. what's the deal? >> okay. last night when weight watchers came out with numbers, profit fell 37%. but it was less than expected, so there's some positive chatter. the stock actually rose after hours. then people got to dig into the numbers a little more, realized they were going to spend more money to market to bring customers back. credit suisse expect eps estimates to come down. weight watchers is now down after being up last night, down 15% right now. wtw. there's pandora again. >> yeah. you did say we haven't done enough recently, so let's do it twice. okay.

love, southwest airlines. >> kind of a weird call from jpmorgan. they upgraded it, but only to a neutral. so here's the thing. they raised the price target on southwest to $42 a share. stock's at $34. so that's about 20% upside to the current price. so jpmorgan chase analyst who covers luv, if you're out there, why not put a buy rating on it? if you see 20% more gains, just throw the buy rating up. why be neutral on a stock that you see rising another 20% on top of an 80% climb already this year? sort of a -- >> it feels like -- >> how about this, neutral with a bullet. >> it feels like a condemnation by faint praise kind of call, right? pull out your pencils and pens, guys, or a computer these days i would say. your under-the-radar name is grand canyon education. very interesting ticker as well. the ticker is loped. do you know why? >> the antelopes. jpmorgan raised their price target on grand canyon

education. the catalyst, they've formed a panel to explore all options. that includes the ability to switch to a nonprofit entity. sell yourself, go private, become -- whatever it might be, it could be a lot of things. market likes it. the stock's up 7.5%. analysts very positive on lope. something else we do every day at this time is called "talking numbers," our look at one stock from both a fundamental and a technical perspective. today let's look at visa. >> yeah, why not? >> number one mover on the dow by far. steven on the technicals. david sieberg of cowan & company on the fundamentals. david, we did about, i don't know, two weeks ago a segment on why we hated the dow. visa is emblematic of that. man, the dow wouldn't be up as much as it is by half. >> it's exaggerated, right? >> yeah, it's like 135 points right now or something like that. that's a big number. >> going to visa, how does it look? because it's still a buy to you. >> yeah, look. i think it's a little bit of a

sigh of relief considering there's a lot of people that had concerns about the guidance for '15. i mean, if you look at their business, they had a tremendous amount of headwinds, whether it's currency, whether it's, you know, their cross-border transactions. there were some concerns. what did we get? their cross-border transactions firmed up. we didn't have a '15 guide down, and they announced a significant buyback. i think the most significant thing to take a look at is really the talk in pricing on the call. you know, it's been four years of essentially no fee increases. they suggested that that's a possibility. so i think that's probably the most encouraging thing that stands out. so provided, you know, currency can stay relatively, you know, stable from this point on, we'll see. but -- and the cross-border, you know, transactions don't, you know, they replicate what we saw in this quarter. i think the stock could trend higher. you can see estimates start to ratchet up. we're already seeing upgrades and targets ratcheting up. the stock can actually move a little higher. i don't think it's going to shoot up through 300 bucks, but

i think that it will continue to grind higher here. i think we're in a pretty good position with visa. >> so you're not necessarily in love with it, but it could grind higher according to your fundamental case there. what about the technical? a similar grinding to the upside, steven? >> yeah, the technicals look pretty strong, actually. what we see in the chart for visa is a stock actually that was sideways all year. and that usually depicts a stock or sellers and buyers are evenly matched at different price levels. a stock that the fundamentals maybe aren't very strong. the outlook isn't great. but now we see on this earnings announcement a big push through that upper resistance bound. that tells us that everyone's now on the same side of the boat. everyone sees the more positive outlook. everyone agrees that the valuation should be higher. technically it's a very strong development. it tells us that the stock has a chance of appreciating going forward, and we would look for it to do that. the basic projection of this price range is about 250, 255. >> okay. thank you very much to both of you. yes, david?

what was that, david? >> that's the street average right now. i think the street's average, i think the average price on the street is, like, 252 bucks, right? we're going to see that ratchet up a little bit. again, i think it pushes it higher as numbers start to increase if things hold constant. >> a little added bonus there from david sieberg. thank you very much to both of you. and be sure to check out the online edition of "talking numbers" in partnership with yahoo! finance. well, san francisco still probably, you know, partying from its world series hangover. cleveland is starting to celebrate what may be a bigger and even more lucrative prize. >> lebron james returns tonight. and we're going to be looking at how much money it could mean for the city. stay with us. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so when a market move affects one of your positions, tdd# 1-800-345-2550 schwab can help you decide what to do. tdd# 1-800-345-2550 with tools like free live-streaming cnbc tv

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welcome back to "street signs." we're watching shares of intel. the chip-making giant right now is making session lows or just off them right now, down by nearly 4%. there aren't a lot of specific reasons as for right now, but the stock has taken a large hit on the day when the rest of the dow is up a lot, given visa's earnings earlier today. so mandy, intel certainly a trade that you want to watch as we head towards the closing bell. back over to you. >> okay, thank you.

well, tonight lebron james returns to the cleveland cavaliers. but it's not just tonight. it means at least 40 more nights this year of crowd buzz and restaurants. morgan brennan is live in cleveland. morgan, just how much money is lebron worth to local businesses? >> reporter: yeah, well, man ma this entire city is focused on the cavs as lebron makes his return to the floor here after that dramatic departure four years ago to the miami heat. this is a huge homecoming both on and off the court. tickets are soaring on the secondary market. the current average price for a cavs home game, $386. that's a 222% increase over this time last year, according to tick i.q. fanatics.com says the cavs are now the top-selling nba team. that's up 7% -- 700% versus last year. and the top-selling jersey, lebron. local businesses i spoke to tell me that this has been a great marketing opportunity for them. and they're already seeing a boost.

>> we are full for opening night. so as far as before the game, the restaurant is completely booked. that's a good place to be. >> the advanced bookings are really up. >> reporter: economist leroy brooks at john carroll university estimates this will add hundreds of millions of dollars to the local economy annually. but of course, all of this, the sustained success of all this, is going to depend on king james and his new teammates winning games. and that process starts tonight. mandy, back to you. >> thank you very much. all right. so as morgan reported, right, there is a lot of hype out there. but can the reality live up to the huge hype? michael is an executive editor with "forbes." all i can say is, mike, the cleveland cavaliers better do a lot of winning. >> well, i'll tell you who's going to win big in a couple of years is dan gilbert, the owner. the local tv deal for the cavaliers is getting up for renewal, and it's undervalued. it's about $25 million a year on average.

you can bet, as those higher ratings come in with lebron james, as they were before he left, brian, when they led the league before they tumbled, he's probably going to be able to get anywhere from $40 million to $50 million a year. and remember, each dollar of revenue is worth about $5 in team value. >> so then we look at the clippers' sale. now, that was albeit under unusual circumstances, but with a $2 billion price tag, you've got lebron coming to the cavaliers. how much, mike, do you think the cavaliers are now worth? >> i would say it would be very hard to buy the cavaliers for under $1 billion. i realize james's contract is only for two years, but i don't think he had it short term because he wants to leave or would consider leaving necessarily. i think it's because he knew there was going to be a new national tv deal which, indeed, there has been. it's going to pay the league $2.5 billion, on average, up from $897 million an average

under the current deal. so he wants to make sure he can negotiate his next contract, knowing full well what the value of this new tv deal was going to be. >> mike, what do you think of the new cavaliers' head coach, david blatt? he was recently in russia and israel doing his job. but when you're coaching such a big personality, it comes down to being able to manage someone, not just like when they're playing, but also in real life as well, right? >> absolutely. but i think he's going to be great. and he's going to fit with james. look, this guy was coach of the year in europe. he's coached in russia. a lot of pressure there, a different kind of pressure, but pressure nonetheless. he's a very, very good coach with a great reputation sed to play. he knows the game. i think it's going to work great. >> michael ozanian, we do appreciate your time. good luck to cleveland tonight even though they're playing the knicks. the knicks may not win a game this year, right? what do you think? >> no, they're going to win some, don't worry. but i don't think they're going to go as far as the cavs. >> no, i don't think anybody predicts that. michael, thank you very much. >> thank you. the cleveland browns is a

football team. >> thank you. >> okay. they are pretty good this year. cleveland cavaliers, pretty good this year. the indians gave it a good run. we should take the show on the road to cleveland, get some sausage, surf on lake erie. >> what sport was the browns again? >> football. >> are you sure? coming up, politics and your money. we are looking at how the results of tuesday's election might impact stocks and your portfolio. and picture this. a 23-year-old kid, basically, winning $8.4 million in a poker tournament. and he does not waste it. he invests it. so we're going to be talking to world series of poker champ ryan reese about how he handles all that money he's holding there on the screen. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e*

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i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. and often even more. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $89.95 a month. comcast business. built for business. just five days to go until the very important midterm elections. if the gop takes back the senate, our next guest says you can expect a rally. joining us on set is jeff hirsch, editor in chief of the stock traders almanac. before we get to the historical stuff, nick, let's get to you. why do you say this? historically stock markets have actually done better under democrats. >> yeah, it's very interesting. we did a survey last week of our

clients and partners, and we found overwhelming confidence that two sectors especially would do well if the republicans took back the senate. the first was energy where the 90% of respondents said that group would work better in a senate situation and financials. most importantly, nine of all ten sectors of the s&p our respondents said would go in a republican win. the only one for health care where democrats would do better for the health care stocks. but nine of ten groups up in the case of a republican win. >> in a broadbrush scenario, nick, to what degree are the midterms and politics in general more important now to the markets now that essentially qe has ended and so the fed is passing the baton to congress. it's going okay, you guys try and stimulate the economy now. we've done as much as we can. >> such an important point, mandy. you know, we've had several years of excellent stock market returns. but i don't think anybody thinks that's the result of the president's or congress doing a great job. that's the fed.

now that the fed has ended qe yesterday, we do have to look to congress and the president for incremental catalyst coming out of washington. the good news there, nobody expects anything. approval ratings are in the basement. any positive would be a positive. >> jeff, jeff, give us an histo look here. what happens? >> i'm not convinced that the republicans will take back the senate. i think they are kind of splintered. i don't see a whole lot of -- most people don't know who is running against cuomo in new york for governor right now. the republican does whip, the best situation for the market. democratic president, republican congresses, 19.5% return since 1949. a split between executive and legislative branch? >> yes. yes. >> on democratic president, republican congress or republican president, democratic congress. >> republican congress he provided over the best market year, democratic president even better where you get the 19 1/2%. in the short period of time here around midterm election time, seeing that bullishness right now, i suspect that they may not

lose, you know, over 10% house seats, often what happens. but you know, the economy's really great market's doing well. i know obama's ratings are not stellar, but people are dnch not stellar, they are in the tank. >> i was being nice. >> they are horrible. >> diplo maikt. >> trying to it's okay. >> doing statistic crunching back to 1934 for like how, for example, the do yw performs aft the midterms? >> the last seven weeks of the year, gapes, except for 20 -- gr

2012. >> i think what we can say definitively, we definitively can say nothing. the "washington post" had 93% chance, one of their better estimates for the gop. guggenheim securities only a 40% chance. even smart people have no -- nobody knows. say the gop doesn't take back the senate. under your alternative scenario that mean stocks crater? >> seems that's pretty much where the market expects currently. we -- people expect status quo and not a whole lot of change. the upside scenario, there is a change, republican does take back the senate. the downside case, expectations are really so low, i don't see the market cratering on that result at all. >> market done well a split congress and democratic president the last several years. >> sure has. that is mostly the fed. >> s. >> well, standing of on their own two feet now, nick and jeff, thank you so much. >> market all growns up, all groups up, all groups up. >> go go juice taken away from him as well. >> about to bring you an

investor who is just like many of you, except that's 24 and a multimillionaire, but apart from that just like you, right? he is watching these markets, he is buying stocks, he is holding them for retirement. >> yeah and he is also a poker champion, not anything like any of us, but he is here, coming up after the break. they're still after me. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities.

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story, trying to figure out exactly what's happening. infell stocks, the low of the day, down more than 4% on a big update for the market, mandy. no other dow stock is down more than 1.3%. microsoft is that stock. intel and microsoft are very closely linked. perhaps the weakness of intel has something to do with the weakness in microsoft. the point is, intel is basically three times worse than any other stock in the dour right now. sometimes you got to admit when you don't know. i don't know. looking. cnbc has a whole team on t >> the dow is doing, imagine how much better if intel was up. >> come on, intel. >> come on, do your job. get your stuff together. >> mind you, the dow was up significantly above 200 points, upside now, only 180. >> we are checking. we got a big team here, dom chu talked about it earlier, you, my friend, the first to know. almost exactly one year ago, ryan rays won the main convenient at the world veers of poker for a prize of $8.4 m instead of blowing that money on

booze and women and fast cars, ripe has invest it had in stocks. good man. joining us now from las vegas is ryan reese, great to have you with us. the sad fact of the matter is though, i understand that after you had to, you know, pay taxes, investors, expend churgs left with $2 million over eight right? >> yep. that's correct. about 2 million left after taxes and all the expenses for the year. and you put all that into stocks? now, do you do the research for stock picking yourself, ryan? >> i do. it's all independent research and i have really smart people that i'm talking to constantly and getting their advice on which stocks to possibly jump into or which ones to sell. >> and which are those, ryan? >> well, a couple of my biggest holdings right now are apple, disney, union pacific and facebook, which has had a rough day or two. >> let's dive in, champ, okay? i get the first three. union pacific? you got tech companies and

disney, enter taint, new media. why a railroad? >> i mean in my opinion, it's the best railroad in the country. and they are everywhere. on the way driving to the studio, we drove by a couple of union pacific trucks. i don't know, it's my favorite railroad of them all. >> we were talking about the air line a moment ago, southwest and i understand that in light of that, you're carefully watching what's going on with the headlines of ebola as well, right? >> yeah. the ebola is kind of hurting the cruise ships and all the airline stocks but eventually, as long as we can get it under control, they should rebound. >> but in general, when you see stock -- you see the market dip, are you someone who freaks out or go in and buy more? >> the first thing i learned when i got into stocks, not to sell on the king people are

impatient, stocks go down, they will panic and sell. the first thing i learned was to buy those opportunities and better to sell when the stock's had a good week. that's what i'm trying to do. >> being an exceptionally talented professional poker player, i would hope you don't run for cover the first sign of distress. >> give us some advice. it is a fun game and most people don't have the patience for it. >> you know, spacious a prescription for most things in life i've discovered. maybe could you learn a little. >> i don't have time for patience. >> no idea about that ryan, thank you for your advice. good for you. 24 years old. good for you. >> kicking butt. by the way, before we go, "closing bell", more on the markets somebody cement this

article on seeking out intersill, reporting high pc chip inventory, might have something to do -- just a report out there, thank you, by the way, jason, for sending it to my attention, appreciate it. >> keep an eye on inat this the rest of the market going into "closing bell." thank you very much for joining us here on street since, see you same time, same bat channel tomorro tomorrow. >> i'm kelly evans at the new york stock exchange, another big rally on wall street. >> for one stock. >> yeah. that's right. >> incredible day. i'm bill griffeth. the month started with some scary selloffs, as you know, but seem to be ending with strong rallies. you will look at the dow, think big rally day. it is for visa. 10% today up. accounting for 150 of those 186 points in the dow industrial average. >> what a contrast that forms with the