stocks are steady as we are seconds away from the big release from the federal reserve. >> hello. the ten year note is yielding 2.35% ahead of the fed. as we can see the markets are ever so slightly on the back foot. let's get to steve liesman. >> the federal reserve discusses the path of rate hikes. it did debate rate hike communications. on the specific questions of what went into the statement some wanted to eliminate the considerable time language because they felt it gave the language of a specific time period and saw labor slack diminishing. you saw that change in the language. many believe the feds should watch carefully for decline in inflation expectation. there was some concern that inflation would stay below the 2% fed target for quite some

time. inflation was likely to edge lower in the near term but see moving up in the medium to longer term. a number of participants worried about lower growth because of foreign weakness. the fed rejected adding a section to the statement that expressed that concern about global weakness because many decided the global effects so far in the united states were limited. lower energy prices were seen boosting consumer spending. housing recovery remains slow. they expect volatility in the markets as a result of policy normalization, part of the process of discussing rate hikes and the fed is debating constructing a consensus forecast essentially to solve the dot problem. you have the dots all over the place. they create an average that is different from perhaps what the fed wants. let me explain these limits in maybe a metaphor we can understand. there are pilots sitting in an

airplane getting ready to take off. that is the general trend of where things are going but they are debating how strong the winds are. is there a cloud over here or over there that could potentially mean they should stay on the ground a little longer. there is this long term trend of things. there is a more minute discussion about things out there, global weakness that say should we delay the inevitable here. >> what are the key phrases that were new? >> significant labor resource under utilization to saying labor resource was gradually diminishi diminishing. they did not include global weakness. there is some concern which is what we learned today about lower inflation in the months ahead beyond the medium term, beyond energy and beyond some of the more cyclical things going on that there is a broader concern about inflation but

there is ultimate belief they are going to get to the 2% target over the median term. >> i decided to look for the word inflation in the past couple of minutes. do the old word count. april meeting may minutes 47 times. june meeting 54 times. this time 68 times. 67 to 68 in a couple of months. the fed, they are showing they are more concerned about inflation simply by talking about it more. >> but how? it is important to distinguish how they are concerned about it. >> the 68 -- >> i will go back and count now. this is a great metric here. right now more than half of the 68 are concerned about inflation that is too low, not too high which tells you a lot. >> in terms of what it says about where policy is going, too low inflation has one outcome. right now when you read these

minutes the concern is about too low inflation but they are ultimately dismissing that but watching it carefully. >> let's look at the market reaction here. keep in mind we were slightly moving to the down side ahead of the minutes and we haven't moved that much. the color has changed. the dow has turned positive sitting up by 15 points. we are talking about very mining moves here in reaction to the minutes. >> if we don't finish higher in the s&p 500 we will end that 20 year record streak that we talked about yesterday. >> s&p 500 while you were talking. if it closes higher today that would be the 44th record close of the year so far. >> i'm not sure -- i have no power. stick around. >> take what you can get. lindsay piaza and edward jones investment strategist kate

warren. i want to begin with you. your take on the fed minutes from the stuff we have said. >> we would have liked to have seen more specifics in terms of a timeline for the first fed rate increase. instead we saw a more aggressive conversation regarding new and lingering head winds to that first-rate increase. international growth this was a dominant theme in the september meeting minutes. we saw the fed reiterate that concern about sluggish growth abroad continuing to put pressure on prices and keeping that inflation rate further below the fed's 2% target. that was the reason behind. we saw minnesota fed president descent in october, that concern of longer term declines and inflation pressures. the labor market, the fed continues to weigh back and forth between job creation and limited wages. and going to household spending. as of late the fed noted that

household spending increased. looking at the sales report the latest data going into the october report we are seeing very muted overall assessments of retail spending. >> that's sort of the economic side of things but what about the investment thesis here? kate, you listen to what steve liesman said about the minutes. how are you strategizing on the back of this? has anything changed for you? >> i think overall the fed was quite reassuring that what we are likely to see is ongoing economic growth why they decided that they would end the taper and the bond purchases as expected. and i think the minutes really are showing the right mix of concerns. they said that international hadn't had enough of an impact to be worth putting into the minutes from what you were reporting. i think that also trying to figure out some way to clarify when they do plan to raise short term interest rates since a lot of the debate is about when will

the fed take the next step. clearly we are likely to see long term interest rates rise sooner. i think that is the key take away for investors. this continues to be a good environment for stock investors. it is one where it doesn't need additional support. they are not seeing long term interest rates rise. they are likely not to do anything about short term interest rates. as a result this is quite reassuring. >> it is reassuring but let me tell you there is a problem and the fed is not talking about it which is where the market is in terms of the outlook for the fed funds rate and where the fed is. there is a big gap. this is one of the things where brian probably has a closet in his den that is full of stuff and doesn't have to worry about now but he is eventually going to have to worry about it when he has to look for something. this problem about the difference between the market and where the fed is on the outlook for rates is something they will have to deal with. every day that goes by the day

of reckoning comes a little bit closer. they talked about it briefly when they said maybe we go to a consensus forecast rather than what is a random average. it is a little technical but ultimately the fed does not have the language yet to begin talking to the market about how it is going to raise rates and the speed of that increase. the only thing we have is that one paragraph at the end of the statement that says below norm. >> the other thing the fed did emphasize in the statement and i'm assuming also emphasized in the minutes now is that everything depends on what happens to the economy between now and then. i think they are struggling with the gap between what the market expects and what they expect but also with the fact that no one knows between now and then. that's something that they won't be able to address because clearly they are saying it depends on the data.

the more they say that the more the market expects different things. >> we know a few things. we will die. we will pay taxes and the fed will raise rates. do i care about when? i know it is coming. i have to be honest. i'm not afraid of a 1% fed funds rate. i'm not afraid of a 2% fed funds rate because i guess i'm getting old. i can remember when 6% was considered low. why are we so terrified that 1% is going to destroy the world economy? >> i think part of the disconnect is the expectation of the fed. the fed continues to talk about next year will be the time to raise rates. think back to 2011 they were talking about 2012, 2012 we heard it was 2013. and so the timeline continues to be extended and the disconnect is really between the fed's more optimistic forecast and the much more lackluster reality. i think that in part really kpem pliifies the disconnect. i don't think the market is scared of a 1% increase but the

market is scared the fed will raise rates 300 or 400 basis points. the concern is that the fed will be forced to raise them quickly if the economy does begin to gain tremendous amount of speed or if inflation begins to push quicker above the 2% target rate. that is the concern, not a soft landing. >> depends on how tightly you think the market has priced stocks. if you think there is tolerance in market values for the 1% fed funds rate. if it is priced tightly 0 to a.25 and you can get an adverse reaction. the fed is saying volatility will accompany this process. >> i am not talking about the stock market. i would expect stocks would go down for a little bit. for once we are reversing roles. you get into my closet. >> he is out of your closet. >> i am talking about the overall economy.

i think it will be okay. the stock market may go down but the stock market is not the economy. >> i don't think the fed would go to 1.5% if the economy was not doing well enough to withstand it. >> knock some sense into him. >> i will take him out back and knock sense into him. >> thank you for joining us. we are following a developing story out of the white house. president obama expected to make a big immigration order as early as tomorrow. john harwood joins us with more. >> president obama is going to announce that executive order speech thursday night at 8:00 p.m. just before thursday night football, an event in las vegas with harry reid, the current senate majority leader and in the next congress the minority leader. the president is going to say i have been waiting for congress. we can't wait any longer. this is risky territory that he is getting into.

if you look at numbers in our poll although the public broadly shares the president's goals for immigration reform and a substantial majority supports an eventual path to citizenship when you ask whether or not you support executive order by the president you have an opposed by the president. among whites 34 in favor, 55 against. this is not a slam dunk political proposition for the president at all although democrats think it will work well for them in the long run politically given the growth that the latino population. we will have a big storm here and the question is how strong will the republican reaction be and what form will it take? everything from potential impeachment to government shutdown to debt crisis to some sort of legal action. we will have to wait and see how republican leaders manage the anger among their base. >> thank you very much. we appreciate that.

plus we are also following another developing story at this hour. this one concerns bill cosby. now to jane wells. >> we are hearing nbc has told us its proposed sitcom with bill cosby is no longer in development as more women came forward saying he drugged and sexually assaulted them. development has now stopped. this follows a netflix announcement that it is indefinitely postponing the launch of a comedy special with cosby slated for the end of the month. at least five women have come forward with accusations including former model janice dickenson. cosby's attorney has called the accusations of rape an outrageous and defamatory lie. back to you. a bit of a lighter note, don't panic america, only 35 shopping days left until christmas. up next we have a big retail ceo who will tell you what he sees

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remember last week we talked about how black friday may not be important anymore. a new survey seems to confirm that. bank rate says only 28% of americans will shop on that friday after thanksgiving. i don't want to owe another dollar. more millennials will shop on that day than any other group even despite propencity towards all thing internet the millennials are still addicted to the mall. >> that struck to me that they are more than likely to go to a brick and mortar store than us. maybe we are the ones to blame. >> get off my lawn. >> a company hopes you stay out of the malls this christmas season is qvc the shopping network. let's get to our david faber live with the ceo of qvc. >> reporter: thanks very much. that's right. we are with the ceo of qvc, a wholly owned subsidiary of

liberty. now you have your own tracking stock. in a way you are a public company or if investors want to play you they can. >> we are a pure play investment opportunity. now investors can make a pure bet on our video e commerce model. we are thrilled with it. >> $8.6 billion annual revenues at this point. if i am a new investor it is a tracking stock but gives me the opportunity. what should i be focused on? >> great opportunity for global expansion. france coming up this summer. very large global foot print and digital. our business has evolved from being a linear tv model to a true multi platform model. mobile has been explosive for us. 43% of the e-commerce business is mobile.

>> what percent overall of revenues is e-commerce? >> about 45% of our business here in the u.s., not quite half. the business has really evolved dramatically. it is a multi screen experience. for the investor it is a chance to play in mobile and digital but with the power of tv shopping behind it which is a track record of leadership and and success for us. >> many might look at the changing landscape and said these guys are dead. how are they going to adapt in terms of digital? yet you have made that transition. >> there was a lot of fear probably in our own building and within the investor community. we have shown we can be a leader in digital. we are third largest mobile commerce retailer after amazon and jd.com in china. for us it is because customers want to go where we want to go. they want to use different

platforms to get a more emersive experience. we synchronize the mobile experience with what we are showing on tv. it is the integration of channels i think has made the difference for us. >> why are you bothering with china? i just got back from there and spending time with alibaba. mobile 85% of the online commerce done on alibaba. how will you guys compete there? >> we don't need to be as big as alibaba. i was in beijing last week and it is an enormous opportunity. last 12 months we did $134 million in revenue in china. we are in 86 million tv homes. within a couple of years we will be within more tv homes in china than we are in the u.s. this is a new industry in china. we think we can be a leader in that industry. i think there is a multi year run way. >> not e commerce but the good tv product. >> but coupled with e commerce. we have a great app in china on

we chat, the dominant social platform in china. 100,000 followers, real revenue we are doing. it is going to be a multi platform experience. the live broadcast is at the center of it. >> we are in the midst of christmas buying or certainly about to start with black friday just around the corner. what kind of holiday season is it going to be? >> our holiday started with christmas in july. we have been at this for a while now. next week will be our biggest sales week of the year. we expect to do a lot of volume around black friday. i think the consumers in the mood to spend a little bit. this gas dividend has been helpful. it has given a little bit of tail wind to our industry. we are really optimistic for the holiday season. >> up over last year. >> absolutely. >> thank you. >> ceo of qvc. >> thank you very much. while we've got you you spoke

with john maloan earlier about net neutrality. you were there with him. you got to look him in the eye and read his body language, as well. do you feel like maybe his views are stronger than what he said? i got that sense. >> it is interesting because i have interviewed john malone many times. he is nothing if not a straight talker. i was a little surprised he was perhaps not as strident as i might have anticipated in saying i don't know what the president is talking about. those are my words. he didn't say those. that being said you might imagine he doesn't think -- even if they were to try to do it and the chair were to go along you would end up in litigation over a long period of time and end up with a compromised solution. that is kind of where he came down on it in a wide range discussion that we had. >> thank you very much, david

faber. great work. thank you. there is one thing that the ceo of jp morgan chase says keeps him up at night. we will tell you what that is. goldman sachs making bold predictions for the new year. they have the top ten list. netflix finally pressing pause on america's favorite tv dad. nbc as we were mentioning earlier with jane wells doing the same. "street signs" will be right back. of experience... for access to one of the top wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more.

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let's take a look at the markets. after the minutes we are lower than where we were going into the minutes. the dow turned positive as did the s&p which could have meant another record close for both indexes. at this stage it looks like we are on the downs again but anything can happen. we have a little bit of time before the end of trade. >> i was so excited to go to this top ten list that i jumped all over you. i trampled all over your read. >> being the big guy you are that would be quite a trample. goldman sachs out with the

top ten market themes for 2015. if we gave all ten to you now you wouldn't have reason to stick around for the final 30 minutes. here are ten through six of goldman's top 2015 predictions. living in a low return world, low volatility world and its challenges. emerging markets, more relief, more polarization, china's bumpy downshift continues. that is only number seven. fed, later, steeper, further and calmer. the increases will not be as dramatic. i'm surprised those only made seven and six. i cannot wait to see five through one even though i know what they are. >> i'm excited, too. that is why people have to stay until the end of the show to find out. paying 24% interest on a loan doesn't sound like a great deal does it? for some small businesses it could be a win/win. kate rogers is here to explain.

win/win. i'm a little skeptical. >> it is the wild-wild west of lending. shadow banks lend and give money quickly but with a catch. president of credibility capital will launch his company's market place lending product next quarter and recognizes the risks facing small companies if they don't do their homework. >> there are plenty of companies that charge higher rates, higher apr rates and many borrowers don't realize what product that they're borrowing and what product they are engaging in. there are players out there that they do sell the need in the industry. they provide a quick loan. >> for many small businesses that loan is the only option for quick capital. the market place sector is ballooning accounting for about $9 billion in loans right now

among major lenders and projected to hit 1 trillion. why do companies do it? i spoke with barbara graves. she told me national funding deposited $150,000 in her account in 72 hours. the business pays back national funding $1,000 a day which she says is easier than paying the loan back in monthly chunks but this reminds ralph a lot of the lending that fuelled the housing bubble. >> the recent experience in the housing market several years ago created a tipping point for the economy back in 2007-2008. we don't want to see that reoccur especially in the small business sector. >> that's a lot of concern among the big banks especially. back to you guys. >> thank you so much. black berry is singing the blues again. and one of tesla's biggest fans is pumping the brakes. the incredible scenes out of

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welcome back to "street signs." the fed minutes came out about a half an hour ago. the dow jones industrial average was down slightly then and now. the nasdaq and s&p 500 also down. you are only down 0.2% so you probably don't. yesterday 23 days in a row we closed above five-day moving average tied for the longest streak in 20 years. >> that could come to an end today. >> i'm glad you understand your

place in life. time for something we do every day at this time, "street talk." today black berry getting downgraded by morgan stanley. target is $7 about 30% below the current price. morgan stanley sees black berry falling. they say the expectations are too high and the targets are unlikely to be met. >> we have another downgrade. this one is for a cloud solution prouder. everything is called a cloud solution provider these days. >> r.w. baird cutting to under perform. their target is 42. the stock is at $43.30. another name where the target is below the current price. they cite -- i am starting to

notice more and more sell ratings on wall street these days. >> the mosaic company getting an upgrade. we have an exception at susquehanna. stocks at $48 so 20% upside seen. this is another fertilizer company getting an upgrade. >> this is cf industries. stock is up 1.25%. it was up from outperform from neutral. they boosted target about 15% more upside. stock has had a good year and blew through older targets. this is our under the radar name of the day, brookfield infrastructure. >> kind of a misnamed company because it is like a pipeline and energy transportation company. it is a master limited partnership upgraded from outperform from neutral.

the target 46. only about 10% upside in the name. like all ml ps a nice dividend. this pays 4.7%. let's go to "talking numbers" our daily look at a stock from a fundamental and technical perspective. today let's take a look at a company that makes electric cars named after a heavy metal band from the '80s. >> tesla. >> or the guy who invented electricity. we have jonathan krinsky. and david winston of morning star. a shout out of coming up with cool stats on the s&p 500. how does it look technically? >> we don't have the cool stats on tesla. if we pull up the long term chart we will show you why. we know it had a massive run. the way in which it has done so has been orderly which is what keeps it in tact. we had a big run in 2013.

nice pullback into the fall of 2013 lows but importantly it found support in the rising 200-day moving average. the moving average continues to rise and act as a support level. we saw a similar move in the spring of 2014 and a similar move completed in october of this year. despite the weakness here the pullback makes it attractive on a buy entry. we look for move back up. we continue to use the trailing 200-day moving average as a stop level. if it closes below there you possibly want to take something off the table. what about the fundamental thesis here? what are you looking at for tesla? >> we do a long term intrinsic value philosophy which gives a tremendous amount of uncertainty. my fair value estimate is $200. that can certainly go, there is going to be a lot of volatility owning tesla.

are you comfortable dealing with risks of a company that is quite young. remember yes they are a tech company but they are still making cars. it is highly capital intensive and cyclical. there is still a lot of unknowns with the name going forward. the growth run way is tremendous. >> it sounds like you like it. >> it is rated two stars out of five. it has the potential to change the world. >> david, to your point it is trading at a valuation i know this is not an official metric of more than $1 million per cars sold. >> we think it is overvalued. >> got it. >> thank you for the clarification. be sure to check out the online edition of "talking numbers" as well in partnership with yahoo finance. the latest positive signs with the housing market. we will bring you up to speed. we will be talking to the man behind the biggest commercial real estate project in

manhattan. >> is the unhealthy excuse for mcdonald's falling sales really true? i don't think so. you can make up your own mind because we will talk about another chain where the food may be more fattening but sales are great. we will count you down to the top five things they say will be the big themes of the stock market for 2015. lots of reasons to stick around. i would give "street signs" 4.7 stars. >> why not five out of five? 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 if you get a trade idea, schwab can help you take it on. tdd# 1-800-345-2550 we're getting a lot of questions tdd# 1-800-345-2550 about organic food stocks. tdd# 1-800-345-2550 [ male announcer ] sharpen your instincts tdd# 1-800-345-2550 with in-depth analysis by schwab experts. tdd# 1-800-345-2550 and if you want to run your idea tdd# 1-800-345-2550 by a schwab trading specialist, tdd# 1-800-345-2550 our expertise is just a tap away. tdd# 1-800-345-2550 what's on your mind, lisa? tdd# 1-800-345-2550 i'd like to talk about a trade idea. tdd# 1-800-345-2550 let's hear it.

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so we named you ten through six on goldman sacks top 10. developed market divergence leaves on and broadening recovery, their number one theme, your take on those five themes? >> in 30 seconds? you want to give me -- >> 19. >> what do you think?

bullish dollar? >> absolutely bullish dollar. it is obvious why bullish dollar. i can't see why it would be negative dollar with boj going down easing path. with the divergence in interest rates. >> good economy. dollar bull. there you go. >> king dollar. where are you? we have three key data points on housing today and following the bullish theme all three were positive. housing starts for single family homes rose to their highest level in nearly a year. housing permits jumping to a new 6.5 year high. a particularly good sign because the number is more forward looking. weekly mortgage applications up nearly 5%. most of that was driven by applications to buy and not just to refinance. from residential to commercial real estate this time in our own backyard. new york city is booming again.

you have luxury residential towers, new office towers rising from the rubble of the recession. but it has some asking, is it too much too fast. joining us with an exclusive with the man behind the single biggest development in the history not only of manhattan but i think the united states in terms of dollars. >> absolutely, absolutely the united states, brian. a $20 billion project re. we are talking all things commercial real estate. who better to talk about it because you have retail and residential skpl you have office. i want to start with a question, what should every real estate investor, what is the biggest decision they should be making in the market right now? >> if you own real estate probably the biggest decision you can have is should i sell it now. there is so much money chasing real estate that prices are probably at an all-time high. the decision is what does the future look like or should i take the money now and run?

>> and the answer? >> depends on where you are, what your tax situation is and your long term plans. certainly today you can say you are a lot wealthier if you look at the value of your real estate. >> we have been talking about residential real estate. you are in the beginning stages of hudson yards but will be adding to that residential stock. is the market getting a little overheated? >> right now it is getting overheated at the upper ranges. there is a great demand for apartments when you are talking $2,500 a less. you have office towers where people are looking $5,000 to $10,000 a square foot. how many buyers are there for that type of property? i think that is really where people say how long can this

market last at those kind of prices. >> new york is unique the draw for office space. we are seeing a change in office across the nation in having to co-work and having people work away from the office, changing the way we work, group working. how is that changing the face of office in manhattan specifically? i know you have time warner going into your hudson yards. does it make you have to redesign? >> the redesign isn't because they are working at home or that. today corporations, people work together more. corporations are looking -- how do they have less square feet per employee? so therefore they are looking for larger footprints, as well, floor plates where the people today the workers are working more together and are closer together. it's open as opposed to offices. so these are the types of things that work. today corporations who are moving or are looking to move they can use a lot less space,

roughly 20% less space than today for the same amount of employees. that's the decision they have. >> and retail i want to get to that quickly. you have neiman marcus going in. coach already there. overall how do we get people off their phones and back into stores? >> people want to go back into stores and go into unique experiences. they want -- shopping is still a form of entertainment. it is probably the greatest. people don't want to walk into that mall where it is the same old wherever you go the same thing. you have to do something that is creative, attractive and a place where people want to be and socialize. that hasn't gone out of vogue yet. it never will. >> it is a change in what you are seeing and what you will develop there. >> how are the miami dolphins going to do this weekend? >> of course we are going to win. >> back to you. >> thank you very much. great stuff. got questions about the dolphins but i guess i can't ask those.

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markets continuing to edge lower after the minutes. busy day for netflix. first it postponed a comedy of bill cosby special due to rape allegations against cosby. special supposed to come out this month to celebrate his 77th birthday. next, nielsen says it will start monitoring viewership for services. netflix and similar services do not release viewership numbers but nielsen says it can determine which shows are being streamed. last but not least, netflix is finally coming to australia and

new zealand starting in march. they're increasing international push as a rival prepares to enter the space. time warner's hbo plans to release a streaming service. the netflix stock to the downside and not just a little bit but quite a bit today. chipotle is hot this year. up 23% and no match for jack in the box. up nearly 50%. this year jack is single best performing restaurant stock year to date. why are we comparing a burger yoint to chipotle? jack in the box owns chipotle qdoba grill. a senior restaurant analyst. he say it is target is under review. welcome back. is jack in the box a good way to play america's taco renaissance without paying cmg? >> in my view, it certainly is.

when you look at the successes of this management team in operating both the jack in the box business and now more importantly qdoba, clearly it's put together a business mod they will's re -- stock price perfor company. >> chi pot potle is a hold. >> it's lofty valuation. no doubt about that. my view of jack on a comparative basis is not only a strong performing brand yjack in the bx and a dividend in qdoba an enthe accelerating performance there. in our view, we believe that qdoba continues to generate much stronger operating trends, same store sales. they have guided for a high single comp and that's a period of time the competition

theoretically chipotle with double digit numbers and i challenge they're able to be successful when chipotle also is. >> people say things and sometimes they're us the media, bob, if you say them enough, people might believe them even if they're untrue. one of those things is that mcdonald's suffering because people are going for healthier offerings. jack in the box has numerous burgers, over 1,000 calories and 2,000 milligrams of sodium, they're delicious, on those metrics, they're unhealthier than mcdonald's and yet their same store sales up 3.1% in the jack in the box brand alone. my point is, is this whole mcdonald's is suffering because of healthy just not true? i was going to say something else. >> to be fair, if you think about it, maybe jack is delivering more calories per penny than mcdonald's is. maybe that's why it's doing -- i say that tongue in cheek but to be fair, brian, when was the

last time you really thought of something on mcdonald's menu that you really deemed to be cravible? what i would say is when you look at jack in the box's menu, when i do, i think of a number of things within the menu i would clearly go out of the way for. oh, by the way, the calories on the menu over a year now. the core user doesn't care. they enjoy the experience. >> there you go. spicy sirachi burger, delish. >> they're good. >> the mascot is terrifying but theburger is great. >> mcdonald's share price back to where it was the start of the year. >> thank you. >> i think we killed the theme. >> we did. >> like the cow for the burgerment it's gone. >> bidding farewells here. i'm off to host at the u.n. on the vast benefits of micro loan to women particularly in developing countries and, you know, what they can then therefore do with it to help the communities and great panelists

such as lynn tillton and leaving you in the fine hands of my cohost here, bri yn. >> rock it like you always do. >> oh. thank you. >> not not invited but you will own it. we'll suffer on without you for a couple of minutes.

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the roads. that's not like a snow globe. that's buffalo. those people are tough. morgan brennan is here with the salt commodity problem. >> yeah. salt prices, harsh winter last winter season. and we saw salt shortages all of the municipalities, counties, states, midwest and northeast going through the salt supplies and then stockpiling, trying to replenish the supplies but the demand is outpacing the supply and seeing the prices shoot up, particularly in the midwest, double-digit increases on salt like michigan, ohio, indiana seeing as much as a 50%, 60% increase in salt. >> last year, did snow in places that never get snow. >> it did. >> like the deep south was under snow. >> it did but look at buffalo. on track to potentially have another harsh winter and this year a lot of these municipalities and local governments ordering for salt than in the past and driving the prices up. >> people in buffalo are tough.

six feet of snow and they're fine. >> they're super tough but if you think that we could see salt shortages again then compass minerals is the purest play on the salt miners. >> thank you very much. appreciate that. shout out to the people in buffalo, by the way. keep digging. we are with you here. thank you so much for watching. "closing bell" is next. yes. welcome to "the closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffith and so am i. stock market seesawing right now. we would have thought that the minutes from the federal reserve es's most recent meeting would move the market one way or the other. >> sort of did. sometimes this is what's so interesting. tend the move the market more the day before or within the week or so after as people figure out what they might have really meant. right now the dow as you mentioned off about 27 points. >> guys standing by to help us figure out all of