8:00 a.m. at gopro headquarters, 11:00 a.m. here on wall street. and "squawk alley" is live. ♪ happy friday everyone and thanks for joining us. we brought the big guns in this morning. john steinberg, ceo of daily mail north america and kevin o'leary will be with us the first half hour as well. we want to start with the markets in full on rally mode. right now the dow is up 175 points after breaking through what had been its prior closing high. a ton of movers on the floor.

bob pisani this is attributed to more than just seasonality. >> the bank of japan is really the big mover here. i the dow jones industrial average, we did hit an intraday high on the dow jones industrial arch. not quite there on the s&p 500. need around 2019 or so. we're at 2013. but good enough for a new interday high on the dow centrals. most of this kicked off this morning. overnight when the bank of japan announced additional purchases of the government bonds. but also a double whammy t government pension investment fund there, the gpif, announced half their investments in stocks. it was just a quarter and that is international stocks as well as domestic stocks. so we're talking about several hundred billion dollars going into not just the japanese stock market but the global stock market. that of course to shares in japan but also around the world.

2% gains or so in europe. here in the united states, risk on here. so techs, financials, material names also having a big day. those are all 1% gains as you are seeing there. and as for some of the other assets, forget about the commodity market. oil is near a two year low. gold, sitting near a four year low. there is very heavy volume in the gold trust. that is the glb. and very heavy volume in the silver trust, slv. vix at a five week throw. and i want to point out this is the last day of october. look at the volatility moving down after a big spike up in the middle of the month. we were close to 30 at one point. and here is what's important. this is the end of the week 6 month period. sell many may and go away. how he's that working for everybody? it didn't work. again this is the second time. the s&p was up 6.7% in the

period from may to october. assuming we got the last day here. so let's not quibble at the few points. in 2013, sell many may and go away didn't work either. my point bringing this up is that there is a lot of old trader lore sitting out there that hasn't worked very well for a long time. we'll see if the old trader lore, november/december, are seasonally strong months. october is supposed to be seasonally week. we had a great october. we're up so far. wouldn't it be delicious if november is a down month when everybody is is expecting it to be a up month. >> i don't know if i could call it delicious. >> ironic? delicious, sweet. a lot of assumptions are been up ended. you can blame the fed for it but some things aren't working the way it used to. >> a market that is not following any patterns. let's stick with the markets a

little longer. shark tank investors and chairman of o'leary funds. not only did sell in may and go away not pan out this time around. but if you were a seller you lost out on about 10% gains to the upside. >> i think the lesson is, as always has been, is watch the earnings. when we were having that ebola pandemic discussion and concern, earnings were coming in, in a spectacular mode. so day by day as the s&p was reporting you could see that the continuation of growth in cash flow, even though there are global concerns. every day it was something different. isis or pandemic or ukraine. if you keep your eye on the cash flow you never go wrong. you basically left 11% on the table if you sold at the thursday blowout. i look and say in modern times

we've traited had s&p as low as 14 times, as high as 26 and change. what we're getting now is pe expansion. because earnings haven't actually blown away estimations. they are going end around 118 to 121. we're seeing expansion get into it. >> some of the earnings surprisings are coming from unexpected places. the overall tech center people had long been placing bets on big conglomerates and we're seeing expedia, linkedin, groupon, gopro in the green basket despite bearishness in recent weeks. >> and it's hard to tell how invest rers going to react. facebook has blowout earnings and a strong q 4 guide even though it was conservative based on what they had last year. and still they traded down on --

>> nasty call. nasty call afterwards. >> it was the raising of the expenses 50 to 75% to kevin's point about earnings. >> yet and still you see a gopro and linkedin in come out. they are still investing in growth. they talked about that and didn't make apologies for it. but they are up both more than 10%. >> but down from the highs big time my friend. gopro is a big stock now it sold off a lot because it has to prove its whole moultiple on th content. >> 40%. yes they had margin expansion and more revenue and raised guidance by 50 to $80 million. but huge short squeeze on that stock. >> i was waiting for you to bring up gopro. you have been talking about -- you have been waiting to short it but it is too expensive. and h have you gone into that trade yet. >> it is difficult to short the stock because it is so short and you have to borrow it obviously. they are masters of marketing a

brand. nick woodman is a genius. beyond what i even thought he could do. however when i -- i remember once losing my credit card in a nightclub and i went back in the morning to pick it up. and i waited to 1:00 to open. and when i went in it stank of stale beer of the night beer. this is a disco shock. one day people will wake up and say whoa it was so shiny last night and now it distinction of stale beer. i don't think you can prove out the content is worth a 16 multiple. >> does it have to be when they can sell a camera for 500 bucks when last year they were selling a high end camera for 400 bucks and the margins are. >> i think you are going to see growth in the 129 offering. more growth at lower margin. >> the bigger issue on this is we have seen this movie so many times. we saw it with the flip cam, samsung. big phones. nobody had big phones. then apple comes out with big

phones. two quarters in a row they get decimated basically. i agree with kevin. love gopro now. they are about 10 minutes away from apple going into this and them getting killed. >> in the month of october many of the large caps are still negative despite the broader market back in positive territory. do you think that is a permanent correction for those names a high flying multiples. >> i think each has a different story. facebook t fact they have to raise expenses that much shows how fragile the network effects are. they have to keep innovating. you could have millions on whatsapp. with twitter they have still not done the product enhancement. with linkedin it's stred progress which is enough to satisfy investors at this point. >> fragile? i don't know. they sandbagged by 10 basis points last year when guided on op ex. it's not necessarily going to be

those numbers they gave either. >> those are huge increases. 50 to 75% of expenses. it was on the call when they said that everybody freaked out. if you have to spend that much money to keep a billion four users happy there is something fundamentally unstable. >> we've been talking all fall about this idea that the consumer is not participating in the recovery, that the consumer has not felt as healthy as the one percent or the broader economy. but today good data. wages grew 8.8%. consumer sentiment, yet another number at a 2007 high. do you think the consumer is finally feeling like they can participate in the recovery at a healthy level? >> we'll get that read through the retail season and i have a feeling the numbers will be good. but i think what should be putting everybody on fair warning regarding the slight tick in wages, this is the first fed hike being advertised to

you. i predict 25 basis points some time by june of next year. and it is going to be reflected in all the securities that are duration or interest rate sensitive. somewhere in the next six months. so that is the next thing to worry about. >> so you say the up tick in wages is basically the inflation is fed is looking for and then some. >> it is the one that will tip them. the straw that broke the camel's back. because there isn't been any. at some point rate wills go up and that will be the first hit that the market will get a test on. and frankly i've gone back to 2004 and 1999 and looked at what happened and you get a 6 to 7% correction and then it picks up because it is an enhancement of economic activity and gives you inflation and pricing power at a corporate level. thai that is my anticipation. >> what earnings are you watching next week?convinced we end up somewhere around 119. so it doesn't really matter. the rest of the companies can fail this quarter and still you are going to be on target.

i feel like we're done. >> we're done? well okay. maybe the markets -- >> drops mic, walks off set. >> no you got to come back. you will still be with us after the commercial break. up next, the dow all times high. but the nasdaq the best of the bunch. and we'll bring you the biggest movers when we come back. being a keen observer of the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running.

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increased annual dividend 15% to 2:07 a share. the shares currently up about 1.25 percent on today's trade. >> a lot of stocks still in rally mode. bertha coombs has oil. >> stocks seem to have shaken off the correction this month. not so in the energies. the dollar index, look versus a basket of other currencies. sporting an 87 handle. a four year high. and a formidable head wind when it comes to energy prices. seeing wti, nymex right now below $80 a barrel. the majors so far seem to be

able to withstand these prices. certainly we saw exxon and chevron both better than expected earnings. but nonetheless one of those things that can't necessarily go on for a year, say. opec is a big player here in terms of the brent price and the international price, reuters survey reporting opec shipment this is month and production fell a tad, about 120,000 barrels. of course they are still near all time highs in terms of production. and when we are seeing inventories in this country near all time highs in terms of the kind of increases that we saw yesterday, that is once again having concerns about a glut of supply. the good side of this for consumers that gasoline prices here at the nymex, they are down about 18% for the month. at the pump we are now at 3 dollars average for the country. haven't be there in a long time. and we are also seeing for the

price at the pump, down 33 cents, about a penny a day over the course of the last month. those savings likely being translated into candy for the halloween. certainly not translated into people buying gold with the very strong dollar, gold here at multiyear highs as well. >> bertha coombs at the nymex. up to the nasdaq which is up 12% since october lows. kate rodgers is there. >> we are in rally mode here to about a 1.5% up today. the composite hit highest interday level since march 2000. the same month it hit its all time high before the dotcom bubbles burst. a big drive today is earnings. gopro up around 12% thanks to earnings in revenue that blew past estimates. sales up 45% from last year and sales outlook also up for the current quarter. linkedin also reported stronger than expected earnings with

sales up 45% from one year ago and expansion in china that stock up 13% today. and groupon another big mover up nicely around 19% after an upgrade from credit squeeze thanks to its earnings report which was in line with expectations. and one stock on the slide today, starbuck's. down around 2.5% after disappoint sales for the fourth quarter and weaker than expected outlook for the next quarter. apple up just slightly. it could close at its 38th all time high of the year. contributing to big gap gains here at the nasdaq. >> thanks kate. kevin, the 38th potential all time high for apple in just this year. talk about apple. >> my thesis about apple, and i am a shareholders is that all sectors of investors want to own this stock now. value yield guys like me institutionally. full weighting the portfolios. the company is delivering what

we need. dividend, and dividend growth. if you are a the debt investor you made much on the bonds they used last year. fantastic. these bonds are better security than the u.s. ten year. that is what the market is telling you believe it or not. and on top of that, cook delivered this essence, this je ne sais quoi of growth around the payment system, apple pay. i love that. all three coming together. first trillion dollar market cap company coming to a theater near you. >> if danger to gopro if they figure out software and the cameras become another ipod. the lot of people figured the ipod was also a flash in the pan and end with that stale beer and it didn't turn out that way. >> you may be right. but i also ask are they turning into a consumer electronics company. and if you are a one trick pony which, basically that is.

you have huge risk. >> one more stock. starbuck's. am i the only one who thinks delivery of coffee on demand is a crazy idea that can't possibly make economic sense. >> i don't understand how it would still be hot when it gets to you. >> fresh direct where they have trucks parked in mid town and bringing coffee up to people's offices. >> the growth story came out. that's why it's suffering. inve nvrsers are starting to think is this a basic utility. a coffee utility. and now you have to cut cost and start throwing the kids out on the street to make more money on a dividend. >> my thought. >> it's low cost product that costs a lot to get to you and as the perishable. >> coffee and pastry delivered to your office? that is to me is a sign there is no growth in the core business. >> there is an institutional stock. so if they can't deliver growth again in the next two quarters it is the utility. a coffee utility. and it is going to have to cut

costs. simple. >> you have had your coffee delivered to you for a long time though right? >> i refuse to pay three bucks for a coffee. it only costs 15 cents to make. this is for free from you guys, thank you. >> kevin is going to stick around. we're still watching the markets. the dow hitting a new all time high this morning. currently up 187 points. but rick santelli has a lot to work with today. rick, what are you watching? >> oh my goodness. a lot to work with is the understatement of the year. you know it is not often that clapton gives us the key to success in trading. but he did last night. because the song you should have been listening to when to get long was "after minnesotdnighmi" m will get you to the loading dock. ♪ there should be a truck leaving now. i got it.

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>> it was a bit after midnight that everything started to get wild but before we talk about the bank of japan let's talk about easy pieces to put together. first pieces, all central bank stimulus is fungible. fungible is mostly used in markets. if the u.s. has an abundance of oil or natural gas we're going to pay less than everybody else. no. it's a global economy. why do we consider about systemic issues or the connotation or a slowness of a certain sector? because we're global. every bit of contribution or contraction or expansion in global gdp really effects everybody through various ways, whether through bank, how their portfolios act or don't act or act differently than as priced

in. so we need to keep everything global. now let's get back to the bank of japan. back to clapton, after midnight. a look at the charts. look at the s&p future, the dow future, the nikkei stock market. jgb is in the 40s. 40 basis point yields. but you see how they all move. now am i saying that is it? that is the only reason that the markets move? no. but that is the reason the markets moved after midnight. and if you look at the levels after midnight and look at where the levels are today, pretty much done. we had the move and we're basically side ways to that zone. if we take out the high prices from after midnight, especially in front of the weekend you want to go long. now another piece, oil. how many times have we heard the big problem beta the equity markets of course is oil. looks like oil is still under pressure. the long and short is cause and effect is a difficult thing.

nobody sends out a memo. there is a lot of positive things going on. we had positive income today on income and spending. we have had a very chicago pmi. positive michigan. i think many of those are because of the stock market. but the final word, we had a exchange populati capitulation where they hit a low and moved higher. most likely stocks will be moving up also and let's not forget there is a lot of good things going on. one thing is uncertain how all the central bank happiness translated into the markets will eventually have to run out of gas and become self sustaining. back to you. >> thanks for that reminder and happy halloween to you rick. >> you too. >> kevin, what do you make of all the central bank activity. joe curran made the comment as if the sunset here and it rose in japan over night. do you think they are trying a strategy that's been tried

before and didn't work. >> with a little difference. traditionally historically in japan you buy debt down to zero and this is the first time they are saying a huge buy of this is going to go into the equity markets. they are going to value equities of companies above that of national debt is a really interesting metric. and if other countries do that as well, this is great for investors. this is crazy. because you are basically getting the government in front of you buying the market for you. so just hang on for the ride. buy some equities and let some foreign government buy them from you. >> if you look at the macro stuff where people were in a panic and look to the earnings and you look today and everything is ripping again because of the macro. how do you play earnings without being whip sawed? zblo now i'm going and playing pe expansion. if the japanese government wants to buy stock from me let's take

it frup from 15 to 16 to 18, 19. i want to sell it to them. >> always great to have your perspective on this stuff. what is your costume for tonight. >> i'm going to be an oil baron i think. i'm going to put on one of those outfits. i know it sounds crazy. i want to celebrate this is a asset that spikes the market up. the lower it goes the better for stocks. >> kevin have a great weekend. good to see you. normally at this time we bring you the market close in europe but daylight savings came a week early overseas so this week the report jumps to 12:30. tune in in just an hour for that report. it will be back here in "squawk alley" at 11:30 a.m. on monday. when we come back a big day for momentum stocks, with linkedin,

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welcome back to "squawk alley." the tech sector is the top

performing group today. and joining us is kara swisher, co-executive editor at re/code. good to have you. first up a lot of momentum names reporting strong earnings yesterday. shares of linkedin gopro and groupon all rallying. a lot of people were skeptical about these companies but it seems like they actually have it together at least for one quarter that we can talk about. do you think we set expectations too low? >> i'd say so with linkedin. linkedin is growing business and trying hard in china internationally and in a sector with with a lot of growth. how we find employees and others in the workplace. i agree with the guy previous about gopro. i think it's a disco stock. and they did well this quarter but the idea it can sustain this momentum seems ridiculous to me at this point. and groupon is struggling to try to make its business, essentially the couponing

business shifted to this deals business. and it's made progress but it is a tough road for people running that company. >> kara, what do you make of the fact that gopro is able to expand margins from 42% to 44, seemingly able to sell the hero 4 black for a hundred bucks more than the previous version. but the software is this still not good. flip cam and others that came out that were flash in the pans, they seem to have a software issue asks innovation issues. what would it take for you to be wrong on this one and for gopro to get this going. >> i'm not long on it. one of the investors says you don't understand it's a media company. and maybe i don't understand. maybe it is. but it's really hard to sell media advertising and that is a whole other business. look at sony. they were hot and then they weren't. and they struggle with their phones. they did okay with the

population. but it is a tough business. the hardware business is tough and very volatile. and eventually it ends the same way. except for apple i guess. >> do we dare touch groupon at this point? people are very confused about the business model. even with the stock up big today, it is just in the $7 range and remember when it priced it's ipo at 20 dollars a share. >> yes i do. >> what do you think is next? >> they have had their heads down and trying to fix the situation. just a question of whether they can make a real business. and they have made a real business. but if they can keep it going and keep people behaving this way. if they can provide great deals. there is always a business in deals. it has its iterations in other areas. it's just a question of if other companies are going to come in and do that. and you might get deals with apple pay and payment systems.

who knows. they are trying hard but it is a tough business. >> to me the interesting story today is linkedin in. and i feel like wii never talked about linkedin in enough. on the call we understand they did 31% of the advertising revenue came from sponsored updates. the native instream updates and 47% mobile right now. bmo capital makes a good point. it only trades 8 times ev to revenues whereas facebook and twitter trade at 13 times. if they can make media a bigger part you can get that multiple expansion other companies have. linkedin is there in the pantheon of where brands want to advertise right now. >> kara your thoughts on that? >> i agree. i think they are a strong company if they manage it right. and looks like jeff weiner is managing it just right. and he's not overpromising the way the ores seem to be. >> the executive shakeup in

silicon valley. --. in the meantime twitter demoted its vp of products after six months on the job. he had come from google. the third product vp to leave this year. and finally you have been reported yahoo was set to hire amazon's head of sales to a similar role at that company. three different company, three different people moves. which is is the most interesting or perhaps indicative to you. >> well i think andy everybody thought was going to leave. i don't think anyone thought he was staying there. i think they just parked him in robotics. he is' very interesting entrepreneur and probably wants to do something outside of google after he left the android team. and with sinjar in charge that was not a prize. i think the move at twitter is not good. another problematic situation with their management mish gas they have going on.

and the guy they brought in is very well regarded within the company and he's been in charge of the monetization of the products. but it still creates a lot more pressure on dick costolo i think. no question. >> on the andy ruben thing. he did get put into robotics. they boston boston dynamics nor a big price and then he just left. would that be annoyed about that or does no one care. >> it's google. like the museum of fantastic entrepreneurs. they have so much money. they try all kinds of things. los of robotics people there still. and that was just an interest of andy's, i think. it is not a surprise. they will -- they have lots of executives to lose. so it seems like they have a hugely deep bench. it is going to be natural these people move along. and at yahoo, you know, this is her third time's a charm with the ad sales. enrique de castro.

ned brody. they replaced with this woman from amazon whose well regard with a great reputation and the question is she going to be the one to turn around the advertising business? people like her. she's talented. and it is the third choice. maybe this will be the person who helps marissa get the ad business going again. >> after months of testing, instagram is officially rolling out video ads today. five major brands running ads all 15 seconds long. here is one of those for the new game "call of duty." that just really stressed me out to watch. >> awesome. >> instagram's ceo said he personally reviews each ad

before it's posted. you can do that if you only have five brands launching video ads but at what point does that become impossible. >> i don't know. that was bizarre. i thought that was the strangest things i've heard. and they have to get a business plan and they have to figure it out. they have long had ads in the photos which are a little less intrusive and interesting. so they have to experiment here. they have signed some multimillion dollar deals to do this. and it is just inevitable they need do this. it is not inevitable that he can look at every ad but maybe some day it will be so good he doesn't have to. >> there is a ton of money here if they get this right. 15 seconds, that as standard ad length. >> yeah unless it bothers the people using instagram. that's why kevin is looking at them all. it is a question of whether it's

irritating. this is only mildly irritating. >> we're all mildly irritating aren't we? >> no. i like some of them. >> i mean us as people. >> video ads go live on instagram because everything good must come to an end. do you see instagram leapfrog b facebook. and while we have seen slivers of it. it doesn't seem like it's been a block buster strategy. >> i think video ads are going to be everywhere. and omni com up front deal with them. 40 million dollars over the next however months and ultimately these agencies want to push as much video to millennial as they can. and they are not on television. if you can reach with video ads on facebook, vine, instagram,

publisher sites. >> snap chat for sure. >> what sort of market do you think is there for snap chat compared to vine. >> i think snap chat has a better opportunity it would seem to me. i think people like to consume that way. and they're ephemeral and fun. if they can do them creatively there is no reason they can't do well. it's not tv. it's smaller and smaller and smaller. and that is the question is who is going to pay for reaching these people in these tiny little places and results in a lo of the need for creativity. so we'll see. but there is no choice. that's where millennial are watching these things. >> millennial. can't live with them. with kill them. >> there is a big issue is viewability. and on mobile at least you can guarantee the ad is viewed. >> kara, thanks we'll leave it there. >> thanks. >> up next still all over the markets with the dow hitting a

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coming up we are ending the wild month with this big rally. but are the gains too far too fast? plus gopro, or go go gopro. last night the stocks went another 7%. and sticking with citi. what does mike mayo think about

citi has earnings bomb shell yesterday? we'll ask him. >> over to dominick chu for a quick market flash. >> visa continues to power ahead. on wednesday visa reported stronger than expected third quarter profits saying mobile payments would be a great drive for the business. up about 13% just this week and you can see up about another 2% in trading today. >> that is quite a chart. and that was very much responsible for the dow's move yesterday. markets still in rally mode at this hour. dow up 186. let's bring in art cashin. you told us that ghoullies and ghosties this time would bring goodies. are these the expected? >> i can't say expected. i'd like to. but we've been pounding the

table all week that the final four days of october are the strongest days of the year and thifd lived up. the real surprise was the bank of japan and idea they were going to commit a large amount of money to stocks and etfs of non japanese locals that has inspired what looks to be a global short covering. markets up 1-2% in europe. most have held gains. it was not only the people who were short, bearish, of the market. but many people found their hedges began to work in ways they had never presumed and they have had to cover shorts too. >> so what about next week, art? we've got midterm elections coming up. clearly some expectations are baked into what's happening in the market now but are there any surprises we might see next week that could move the markets one

way or the other? >> certainly. some dramatic surprise in those elections that you spoke of. and there is still out there the world of geo politics. while we're all looking at what's happening financially you don't know if isis -- what happens if kobaani falls or the make a move against baghdad. -- i believe that is thankfully with only the nurse who is attended mr. duncan were the only people who became infected. the family he was living with. none of the other 84 people. so i think the markets have come to think it is a dreadful thing but not as highly contagious as we thought. >> you mention the middle east. we're watching oil. crude at 80.36. below 80.50 you side people will get anxious.

do you think other inflationary pressures we saw this morning off sets that? >> all the relationships we've been watching are wiped away by what's happened in japan. this is such a dramatic short-term event certainly. as we move into next week other things will begin to take over. and oil may begin to reassert itself. i think the focus next however will look to mr. draghi. is he going to get into this game of sweeping cuts? and if they don't produce something that looks a lot like qe that may take day afrom what just happened. >> quickly before we go. >> by count i would say s&p resistance up around 20.22 to 20.25 somewhere in there. and a an air trap beneath us because we've run so far today. >> art, have a great weekend. always good to see you. >> thank you. happy halloween. >> and to you.

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keeps the internet users anonymous, up against secure selfies, an app using facial recognition to lock and unlock cell phones. secure selfies is the tech crowd winner this week. and joining is the company's co-founder and the chairman patrick esposito. thanks for joining us. so facial recognition to lock and unlock things. we've seen that a bit in other products already but what do you think settous apart? >> well the real difference maker for us is the power in our algorithms. one we can rebuild images that may be a little distorted. two we can ensure your face is actually you. three then we can verify liveness. and that is a difference maker. detecting a face and matching it to something else. but if you can verify that that person who's face is being represented is actually alive that is a real difference maker. and doing it as fast as you can

recognize a password is where the real value add comes in. >> is it only android. >> right now the working prototype is on android. we've launched the kick starter project to take the prototype that was developed that we licensed from west virginia university and their multispectral imaging lab moving it over to a full scale android version and of course a version for ios and soon for windows as well. >> patrick, with bo metrics taking off but touch id and fingerprints already hot. why are people going to use faces as well as fingers. >> not every device has fingerprint capabilities. cameras seem to be ubiquitous. so if you are looking for

security solution that could end up in the enterprise, the camera is more ever present than fingerprint recognition devices. >> how does it allow for a person's face to change be it by ageing or whatever else they choose do. renee zellweger. >> great point. one of the things is people can change the images they store. they can put multiple images in. so folks who seasonally grow a beard. we have the capability to add in multiple reference images and that is a nice feature to allow for the changing faces as you mention like renee zellweger has certainly brought out this week. >> if i have a bad hair day i certainly want my phone to recognize me. patrick esposito.

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>> no entry means yes to gaming and on this december late piece of property outside boston steve nguyen wants to spend 1.6 billion to build a world class place. across the state in springfield, mgm already spent 40 million on what it hopes will be a resort where they can make a half billion a year on a plot of land ravaged by this tornado three years ago. in springfield where unemployment is around 10%. >> the resiliency of the people,

the exact opposite happened. we rose up. and mgm has put us on approximate map. >> --. seems appropriate to find a city like this one that could use the economic development. >> springfield's unemployment is in double digits. we need the 3,000 jobs. we want it. >> oh yeah they are spending big. the casino companies. public opinion show voters strongly support the casinos because of the job, taxes and fun. we'll see on tuesday. power lunch we're going to hear from steve nguyen. back to you. >> jane wells. thanks so much from massachusetts. a quick look at the s&p we are about 5 points from an all time high there. that is an important level to watch on that average.

guys have a great weekend, a great halloween. jon steinberg thank you for joining us. for now we'll send it over to noontime. and the judge and the halftime show. welcome to the halftime show. meet our starting lineup. jon and pete najarian, are co-founders of option monsters. josh brown, mike murphy, we begin with this big rally to end an incredible month. the dow hitting a new interday high today. fresh stimulus in japan giving a big boost to