tangible. >> love that. joseph and kurtis are producing the custom wine cellars right here in new jersey though they have built cellars for those all over the world. they range in price from $20,000 to a quarter million dollars. and that will do it for this edition of "power lunch." >> have a great afternoon, everybody. "street signs" begins right now. ty and i will see you tomorrow. well, the world's most powerful cartel be completely out of power over our lifetime? why opec could eventually fail. welcome to "street signs." plus, why so many missed the economic recovery. your best stock bets heading into the end of the year. hello, mandy. >> hi, everyone. i'm mandy drury. we are watching the s&p and the d dow. this could be the 30th record

close of the year. right now we are holding in positive territory just marginally. well, to paraphrase the old saying, life is busy happening while you are sitting there waiting. those sitting there waiting are going to wake up and realize it has now been happening around them for three years. and we get more evidence of that with steve liesman here with recovery in full swing. you know what i mean by that, right? >> i love that. it is pretty deep there, brian, for a business show. that's pretty good. >> it really is. >> let me tell you, though, i disagree with you a little bit. people have been waiting for three years for this to happen, but in the last five quarters, we have had four of the past five quarters we have been above 3.5%. we have the one negative quarter in the first quarter, people think because of the weather and cold, we still have the negative number. but really, if we look at four of the last five quarters, they have been the stronger recovery

we have been waiting for. ly tell you we got new data today not showing up in the wage and income data we have been waiting for, but it's not there. it is in the overall increasing wealth. consumer spending, revised up. this is overall at consumer spending up. the government is a little lower, soless less of a contribution. that's how we got to the rescission to the gdp today. ultimately, we are looking for a reasonably strong fourth quarter. >> i call this the yes but recovery. >> you were just about to say something. >> the fourth quarter is tracking 2.7% down a tick, but if we get a 2.73 number for the fourth quarter, that's still a good number. >> yes, brian? like a kardashian tweet, there's usually a but involved. every piece of good news we can have, you can also find a piece of negative news, right?

you can say it is inventory driven or et cetera. you can always find the downside to anything, just like in life. and i just wonder, at what point do people say, while it's not perfect and millions are still out of work and while incomes have not risen, that we are far better than we were a year ago or two years ago. >> i think in the first instance people make an individual decision. am i more better off and more confident? that's simply not true for the vast majority of americans. when that happens and they feel like they are not in danger of losing their job, when they feel like they can walk into their boss and say, yo, give me a raise or i'm walking. then we are seeing more of that coming up. those are the kind of things to make people more confident. when they feel like their children will have a better tomorrow. that makes them more confident. so i also think that all aggragates up into a sense of the country being in a better place. >> i have a question for you, though, i'm going to ask you to put on your rick santelli cap

because he's not here. >> i don't have one but okay. >> it will be a nice shock. my question to you is, steve, we have seen some solid treasury options recently, and what is that actually suggesting for strong demand for treasuries? sustainability of the economic rebound or just that the yields are more attractive than the european yields? >> i think you hit three reasons in there. the first thing is i see these yield numbers murder as a reflection of inflation than the growth outlook. and people don't believe that there's going to be runaway inflation. that would be taking off my rick santelli cap. >> hold on, you stay here. i need to go get something. i'll be back. >> let me just finish this conversation. the other thing is that these foreign yields are so low it's dragged down u.s. yields. and i think there's not a lot of belief that the fed thinks this is going to be overly aggressive. we'll bring in our guests.

>> no, this is for you. it's not for steve. >> not for steve. >> because you referenced treasury auction. no, no, no, on "street signs" we like to keep it real for the people to take complex things to try to make them easily understandable, thus we avoid the super wonk and create the nerd alert beanie. >> watch out for the hair. this is hat hair. there we go. okay, this is a nerd alert beanie. >> when we get passed where we should be. >> if i spin it will i take off? >> we'll find out. okay. well, thank you, brian. with stocks training at all-time highs, the dollar is strong and gas prices are at four-year lows. we could go on. is this the perfect scenario to go all-in on america? dan, remember a couple months ago i called you dan goldilocks

greenhouse because you were listing off all the good things happening. maybe now is a goldilocks moment, no? >> this has been a shift in the last couple quarters here that i don't think a lot of people picked up on. to build on steve's point, four of the last five quarters have been pretty darn good. not just for this recovery, although that's the case, but for the last recovery as well. and i think for a lot of people who have been looking at the stock market and seeing it primarily if not exclusively as the domain of the federal reserve, data such as these support the idea that there's something else going on that warrants higher stock prices, at least for now. >> yeah, i guess, dan, the point that i was trying to make is the importance of psychology and confidence on any life or economy. they are the same. and we could dig out negative stuff. there is still a lot of problems in the united states. i think we're seeing that very clearly today in many other ways, but if we highlight only the negatives as we could,

that's not going to do anybody anybody good. confidence is key. >> let me say two things. the first is the media in general has spent the last three years really scared of becoming a cheerleader for the recovery. so there's been numerous reports on numerous channels and in numerous newspapers about skepticism and how the recovery hasn't been perfect. that's all true. >> if i could defend ourselves, that isn't necessarily true with "street signs." i think you, brian, get on the band when -- >> after being negative for four years, going positive on the economy, you can focus on the bad all the time and it's not going to get you anywhere. >> right. and the other point i was going to make, dan, is we have to be a little skeptical because otherwise we would just be rah rah cheerleaders. >> that's all perfectly fair. i'm not sort of -- listen, at the end of the day what matters for stock prices is not good or bad but better or worse.

and that's an over simplification but that's the truth. over the last two years or so, the types of interruptions we have seen earlier many the recovery have been absent. and ultimately investors are making the decisions going forward and those are the types of things to take into consideration. not where we have been but where we might be. >> dan, look ahead, then. you don't have to put on the beanie but put on your wizard's cap. does the positive turn in the economy mean we're going to have even a greater positive turn in the economy despite the psychology, does confidence build into confidence and do we engage in even more of the upwards spiral? >> confidence is certainly self-reinforcing and you get into the situation where you have the self-reinforcing cycle where people feel better about things, their neighbors feel better about things, and so on and so forth. with respect to the economy, confidence can be powerful. bob stiller wrote a whole book about this called animal

spirits. essential reading for anybody to understand the importance of those, again, animal spirits in the economy and the effect it can have on the investment landscape and the economic land scape as well. that said, just because one quarter was good or one series of quarters of gdp reports are good does not necessarily mean that the next series of reports will be good. but that said, it's pretty clear that the economy has a bit of momentum now, job growth has accelerated, it's printing north of 200,000. private sector job growth over the last nine months has been a as strong as we have seen in the last 14 years. there's a lot to like right now. now that said, we do run into rate hikes on the part of the federal reserve. and that is a known unknown, the likes of which we have not seen since 2006. so even though the economy is clearly doing well enough right now, there is plenty to be skeptical about. i don't doubt you there, mandy. >> dan, thank you for keeping it

real. but i'm going to rename you dan "i disagree" greenhaus. thank you. >> it's clear, man did, because i'm not trying to be a polyanna but there are still a lot of problems in the economy, but we have a lot of successful smart people on this network. i don't know of anybody that we have had on here, a billionaire, millionaire, business owner, whoever, who focuses on the negatives. we focus on the positives. that's how they get to where they are. >> it's because i focus on the things i can't do. at any point in time in history, there are always going to be negatives. >> nobody has ever made it wearing this beanie. >> i think that was the maiden voyage. i christened the beanie. >> a top executive highlights the company's number one problem. this could be our favorite story of the day. plus, why apple inventors are in love with lucky number seven today. we'll be right back with an explanation. bu t r me, it starts with the opening bell. and the rush i get, lasts way more than an hour.

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apple inventors are looking to lucky number seven. why, you ask? they crossed the $7 billion threshold for the first time today, although it pulled back a bit since hitting the mark. it would hit 700 billion at 119.36. apple has grown seven-fold in the last seven years to hit a $700 billion market cap. don't forget, apple implemented a 7-1 stock split. honestly, brian, i think i deserve to put the nerd beanie

back on for that factoid. >> true, but it's been retired. twitter's own cfo, anthony noto, tweeted out to say, i still think we should buy them. he is on your schedule for december 15 or 16. we will need to sell him. i have a plan. the problem is, he thought that was a direct message going to somebody on the platform. that was clearly not a tweet meant for public consumption. herb greenberg, cnbc contributor. by the way, if you follow him on twitter, one of the 65,000 or so followers, he tweeted out accidentally his cell phone number a few weeks ago. this is part of a twitter problem, herb, that it is confusing for newbies and oldbies like you. >> i'm not convinced that was an actual twitter issue he had

because mine certainly wasn't. i think what anthony noto may have done and what many of us have done is if you have an iphone, up here you have a messages thing. if you look at the messages coming in from all different sources, that will include direct messages. so i was out there in new york about ready to meet john moreno from the deal for drinks and he was going to the wrong place. i said, john, turn around. and i get a link from him saying, herb, meet me. i see a direct message under my messages, i say, turn around, here's my phone number, call me. i start getting a bunch of phone calls not from him but from everybody else. >> so they were calling you all throughout the night. >> hang up. they love that. but that's the point. i think it's easy to do if you don't have your settings correct on the iphone. a direct message is a direct message is a direct message. that's easy to do on twitter. there's a bunch of other things

twitter can do to improve things, including how you can see your direct messages and get them on their way. but it's the response that you do that can cause you a big problem. >> yeah, mind you, you would like to think the cfo of twitter was maybe a ware the glitch could happen. >> but if you're doing a million things, i was walking out of a hotel room looking down just doing my thing, if you're doing other things and not present when dealing with this, that's where you can end up with that kind of a problem. again, assuming that's his problem. >> that kind of content, maybe you would double check who it was sent to, how am i sending it, it's a pretty big thing instead of tweeting out, i think we should buy them. by the way, who do you think he's tweeting about that they think they should buy? >> well, look, i have other opinions about -- i have zero speculation on this one. i have other ideas about twitter, which i'll actually be discussing on "closing bell" at 4:30 eastern time. >> teasing "closing bell" on

this show? >> because we are all part of the same big family, brian. >> this is true, but we are also, we are also each with our own rooms. and we like "the street." >> i go from room to room. >> i have heard that about you. let's go back to this, which is -- i don't want to say the sec is going to get involved here, herb, but the cfo of a publicly traded company, why should you be using direct messaging anyway? and it's not material in the public because there are no names made, but now we know twitter is theoretically in the market for somebody. i just think that's not a smart thing to do regardless. >> that's a great question. you know, mark cuban has this new twitter -- excuse me, this new messaging service that everything will just go away. maybe that's the way you'll do it if you should do it. >> or call somebody if you have material on public information. not for insider trading

purposes, you know what i mean. >> brian, to be fair, we all have a ton of incoming, and he probably has as much incoming as anyone. and i'm sure he's learned a valuable lesson to you point right now as have other people, but when you have so much incoming and trying to keep up with it, you're bound to do one of the crazy snafus. and this material, this may not be a material deal. who knows what he's talking about. >> no, it's not. listen, again, i'm not an attorney, i have a law degree but can tell you this much, this is not that. but what i'm saying is, what if there was more? it could have put the company in hot, hot water. >> and by the way, i can't believe you wonder who they would buy? at this point, i can't imagine they would spend their money on a large deal, especially of a company that would probably be the smarter seller than twitter the smarter buyer. they are just not in that place right now. it's got to be something they find out about. >> apparently the last tweet

belongs to snapchat's leader, just an interesting factoid. on a far more serious note, the reaction of the grand jury decision in ferguson, missouri. we'll take you live there for an update, next. cute little guy, huh? this guy could take down your entire company. stay with me. on thursday a hamster video goes online. on friday it goes viral - a network choking phenomenon. why do you care? he's on the same cloud as your business.

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tensions remain high in ferguson, missouri, after a grand jury decided not to indict police officer darren wilson in the shooting death of 18-year-old michael brown. scott cohn is live in ferguson. scott? >> reporter: hi, man did. this time yesterday we were reporting from this very location as the anticipation was building about what the grand jury had decided and what would be announced and when. we only knew at that point that the grand jury had reached its decision. you can see the aftermath here of the public storage facility here that had business torched, one on four of this block of west florison that was looted, burned. and a very difficult scene there that we watched up fold. including gunfire, we had to take cover inside for a while, and what you see behind me is just a slice of the damage.

there are businesses all over ferguson. and also in the greater st. louis area that have been vandalized. and the cleanup effort is hampered here in ferguson because a lot of this area is now being considered a crime scene. there's a little bit of evidence that tempers may be flaring a little bit as people want to get back to their homes and businesses and that's led to speculation about what may happen tonight. glmpb j governor jay nixon is determined to not let things happen like they did last night. that's why i'm meeting with leaders of the guard and law enforcement to ensure the lives of and property. protests today have been peaceful. there was a march in st. louis today and in clayton not far from here where the grand jury met with the decision being announced. the peaceful protests as well, that was always the plan the day

after. they wanted to do peaceful protests, but obviously things got out of hand tonight. last night, that is. and the question now is, what happens tonight? >> stay safe. thank you very much, scott cohn. the end of the year is fast approaching, so we'll be turning back to the market with three of the best before 2015 closes out. and pandora could be singing the blues before too long. if you own the stock, you will want to hear this caller. maybe you won't. we'll have that coming up. the cnbc realtime exchange market snapshot is sponsored by interactive brokers.

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the ultimate arena for business. hour after hour of diving deep, touching base, and putting ducks in rows. the only problem with conference calls: eventually they have to end. unless you have the comcast business voiceedge mobile app. it lets you switch seamlessly from your desk phone to your mobile with no interruptions. i've never felt so alive. get the future of phone and the phones are free. comcast business. built for business. welcome back to "street signs," everybody. i'm mandy drury. >> as blank anchor, i need to hold the paper anyway. well, time is something that we have here.

>> i have sharpened up and have my fake tv anchor paper ready to go. >> first up, a big call on pandora downgraded by the capital market to a sell. >> this is the call we referenced going into the commercial break. the stock is down more than 4% to 18.88. but that is nothing. if you believe the fdr analysts, they have got an $11 price target on the stock. 40% below the current price. they cite a meaningful risk of debilitating price structure. that's a big call on pandora. and next up is tjx companies. >> t.j.maxx met with analysts. the price target is $75. stocks are at $64. and ubs upgrading garmin

brands. >> thank you for saying garmin. >> well, it is really an underpants brand. and rbc initiates the outperform. >> that is not helping the stock. ge is widely down half of 1%. the price is $30. this company is undergoing transformational change than at any time in its 122-year history. the stock has been underperforming this year. the fourth worst performer in the dow. one of few that is down year to date. and this is your under the radar name. unit corps. >> it is a $57 target with a 20% upside. you keep in mind, as you might

say, this is a $70 stock back in july. it is now $45. the price target is well above the stock price and still well below where it was. >> now keep in mind the australian accent. it always comes out british. >> what is going on here? >> this is awesome. >> that's how we were in the convict days. we have come a long way since then. and now will hp's stock turnaround? i want to start with you, robert. this was a giant company. they are splitting up. they are still going to be very big. do they lose something in becoming smaller? >> well, the company will tell you they don't because instead of being a $100 billion company, they will be two $50 billion companies, which is still pretty big. i actually would worry hp loses

some of the advantage they get from the scale. one of the biggest things hp brings to the table right now is they are just enormous. that helps them on the sales and margins end. they do risk a little of that. >> okay. what about the technical side? already up 36% year to date? technically, what are the charts telling us, katie? >> the chart is looking good ahead of the earnings. if you look at the last eight earnings report, the average the next day was 5%. if you look a month later, the average move was 10% higher. if you compare the current environment to the november 2013 report, the stock is set up very similarly on its turf. we had a nice relief rally. in fact, in recent weeks, we have been up 20%. but even so, the chart is supporting a breakout. we face resistance like we did ahead of the number in the 2013 report, but we did see a breakout on the back of that earning after a successful test of the 200-day moving average. >> so robert, before we let you

go tonight, what are you going to be watching for? give our viewers who own the stock or think about owning it one or two key things to watch for. >> for the quarter itself, i'm expecting an in line quarter. the revenue will be down year over year. the pcs will be their best business. so question one will be, do pcs have any more legs or are we done in the pc rebound? after that, i think it is cost-cutting. do we have more cost-cutting ahead beyond the head count cuts we have already been told about, because this is really what has been driving the story, which has been reducing costs, reducing heads. do we have more of it or are we starting to get or see the light at the end of the tunnel. >> we are talking about the sustainability of the pc rebound. at the end of day, we were talking about is the pc dead, right? it's come a ways. thank you to both of you for joining us. check out the online edition of talking numbers with yahoo! finance. well, if you're knee deep in

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check out oil prices. crude sliding more than 2% today to end at a four-year low, brian. >> well, opec set to meet in vienna, austria, on thursday. the billion-dollar question, will they cut production to drive prices higher? kate kelly is joining us now. what say you, kate? >> this is by far the most important opec meeting in receipt history. the consensus is pretty broad that the prices will fall today. the opec members will cut the oil supply to put pressure on brent and domestic crude both in the $70 range. adding to that today, word that

a price level of $60 in the global brent market wouldn't cause russia to cut. that alone will push brent down 2% based on the timing of the headlines. most traders i talked to are neutral or slightly bearish on the theory despite reports that the last few hours have a production compromise in the area. adhering to the quota, which are what the headlines are talking about, would not amount to much of a cut the traders have given they are in the neighborhood anyway. so unless there's a substantially bigger production trim, they are expecting brent to hit $75 or less in the wake of thursday's meeting. and u.s. crude to hit at least the $70 arena. again, maybe even lower in what is sure to be a relatively light trading day on friday. the day after thanksgiving day as well. however, there's also an outliar scenario, that a spice production cut by the saudis will catch the market off guard and brent crude oil rips upward by $15 on friday between the unexpected bullish news and the

fact that many traders are off on the holiday. but even a move like that is expected to be short-lived. and in the meantime, there's a lot of probably volatility intraday as we get to the actual news on thursday. >> right. so when you talk about the potential compromise in the works, that's really the status quo. >> right. the key to look for is what the opec output right now? i don't know, you have a thought on this, but right now it's in the 30 million barrel per day. we have not seen the numbers yet, but it's it's sub-30, we are going to add here to a 30 million quota doesn't mean a lot. >> no, not so much. i doubt it will be under 30 just as the numbers we are seeing out of saudi arabia and other countries are upping production like iraq. so we've had libya online most of the month, so i think they are going to eke that out. but you're right, the shocker scenario would be a 1.5 million barrel per day cut. the russians throw in maybe make mexico or norway. >> john, we'll get back to you

in just a second. >> by the way -- >> sorry, i just tossed right to you. >> we are going to get back to him. >> shame on you. >> sorry. >> this is a highly structured show, you know that? >> it's thanksgiving week. i'm letting my hair down, i'm sorry. >> i was ready to go. let's quickly show you, because we have this amazing tool called kensho, you are probably wondering how opec affects your portfolio. after the opec meeting there's a cut, we'll bring up the chart here to have a look. now, we're talking about the opec meeting with the cut. the worst performing sector is the oil services etf with a loss of 6.9%. obviously, if there's less output, there's less need for the services. it's the reasoning behind that. >> well, we showed that graphic last week. it's a great tool but it's

pretty -- we showed the graphic like oil prices -- >> i'm not poo-poo'ing it but -- >> we showed that graphic before, last week. >> apparently we cannot show that graphic on tv. >> the robot has died. as we countdown to the opec meeting on thursday, we are asking whether opec will matter in 25 years. joining us from vienna is the senior director with ihs who thinks it will be around in 25 years. and we have john kilduff here who thinks opec will not be relevant. john, it's not that you won't think it's relevant in 25 years, but you already think it's irrelevant. how much is due to the dependence on u.s. oil? >> that's dramatic rise. global demand is near 90 million barrels a day. the saudis are pumping nine and we are pumping nine. the russians are pumping nine,

you're already at a third. the rest of the opec pack falls off the map in terms of producers. so except for that this is sort of their last run here at relevancy if they can imagine this production cut this week. cut 1.5 million barrels a day or many to get a price rise, but they are only going to benefit the competition and not matter. we are going to reach a point 25 years from now soon where what if they had a meeting and nobody cared? we are almost there. >> all right. we'll go to let our viewers and listeners know there's a significant delay here on this feed going halfway across the world. why do you believe that opec will remain relevant? >> well, look, the members of opec are all sort of different. different economies, different politics, different geography, but they share in just one single interest, which is

exporting oil. as long as they are going to actually do that, they have an interest in keeping this thing going. now, in 25 years, if you look back, 1985, they were close to coming apart. and so -- but they actually came together. so perhaps if we need their oil, they will probably keep going for the next 35 years. >> do you believe that there is a chance that opec will sort of bow to some of the pressure we have heard about and cut oil, maybe even by a couple million barrels a day? or are lower prices perfectly acceptable to it? >> i don't think there are any signs that they are going to do it at this meeting. they may call another meeting or they may be monitoring the situation and we'll see how much the oil supply is in the next year. so far there are no clues that the members, in particular,

saudi arabia, is not giving anything away with the cards very close to their chest. there's no clue that they are going to do anything truly startling. that said, in the past they have surprised people at some meetings. so we can't rule it out yet. >> very quickly, john, right now the saudis are the big kahuna in opec. 25 years from now whether there's opec or not, who in the world will be the price set her? >> i think they still will be the price swing setter, but there will be a new iran or iraq, and whoever the winner is in libya. you can see the core producers pull together there, but the divide between saudi arabia and iran is going to last probably a generation now. and i think part of what's happening with saudi arabia and oil policy is to strike back at iran and anger about the interference in syria and in supporting assad there.

>> have a great evening. i know it's late there. thank you very much, john, appreciate that. >> thank you. so we know that it has been a pretty great month for stocks. in fact, one of the best ever actually, but what stocks have been the best of the best? we'll show you coming up. plus, a storm coming to the northeast at the worst possible time for holiday travel. just how bad are the airports going to be? you beeady anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away.

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comcast business. built for business. we have been talking about the big rally for the s&p 500. the record going back to 1928. but what stocks in the index, man did, are leading the rally, you ask? you called it earlier, the entire typhoon in trade because the best stock in the last month, goodyear tire rubber up 20%. whole foods up 27%. and ea maker titan fall up 20%. so nothing in common with those companies other than you might drive on a goodyear to get to your whole foods. i don't know. and by the way, i want to point something out, because this whole since 1928 data, people have been saying, that's when the crash happened, but keep in mind much of the data that wall

street uses goes back to '28, so that doesn't have to be an ominous thing, it just means the data ends then. so people are like, all you see is '28 and that's a sign of doom. >> not necessarily. it may be, but not necessarily. >> that's a good sign of doom voice. >> that's a good doom voice. now that we have less than 30 trading days left in the year, one of the best stocks to postpone, paul hickey is joining us now, what do you see between now and the end of the year paul to outperform? >> hi, mandy. looking at this historically, we want to look at groups and how they outperform year to date through thanksgiving, they tend to do better than the rest of the market through the remainder of the year. so it's a function of the winners keep on winning and the losers keep on losing. for 75% of the groups in the s&p 500, they tend to do better in the last six weeks of the year when they have outperformed through thanksgiving then when

they underperformed. >> i'm sorry, keep on going, paul. >> so some of the groups that have outperformed that we would still find attractive are health care and health care services. one name in there, stair cycle, which has done good recently. and the group has outperformed year to date. tech hardware, one name in there that is a bohemuth is and. and health and human services going into next year, you think about it, the chance that the medical device tax could get repealed next year now that we have republican control of congress. so that's one bone that they could -- obama could throw that to the republicans as an olive branch to here. so that would help that group. now, we are looking at groups that underperform up to thanksgiving usually continue to outperform. and the only two groups down are energy and auto this year, so those would be groups to potentially avoid. another one is retail. retail underperformed year to date. it typically underperforms from

thanksgiving through year end even though that's the best time of the year for the companies, but in years where it underperforms through thanksgiving, it tends to do worse through the remainder of the year. so even though the consumers look a little bit better here on a lot of the economicretail sto the first place you should be looking. >> isn't that a cruel irony, right? >> yeah. >> holiday season as you say, paul. what about next year? i'm pushing the envelope a little bit. take us beyond the end of the year into next year. what sectors do you think would be the place to be? >> i think looking ahead to next year, health care economic and services could continue doing well here. you have a market that people telling you extremely, you know, gotten ahead of itself and overvalued here and we are just looking today while you have some sentiment measures showing excess bullishness, there's a yale confidence indices that go back at least 15 years here and the individual investor, their confidence that next year is up

for the stock market is lowest it's been in 14 years so individual investors, you know, while you have some polls saying they're bullish, it is not unanimous that they're here, you know, full on bullish. >> paul, thank you very much. just to reiterate three places to be going into year end, health care equipment and services. >> thanks. >> tomorrow the busiest and worst travel day of the year. we'll bring you good news of why it may be busier and worsier than ever. plus, robert frank tells us what the rich are doing to get around the traffic to the airport. they've always got a way, right? you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go.

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power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. a snowstorm of the east coast tomorrow creates a travel nightmare before thanksgivingment it will start as rain and then change into snow and by thursday morning some areas of new england could have as much as a foot of storm. the storm making wednesday evening the worst time to travel and unfortunately when most people plan to be on the roads. >> meantime, a new study of the united states travel association forecast that thanksgiving day travel more than doubled between this year and last and what's more concerning is air travel problems caused by poor infrastructure cost us nearly $36 billion. u.s. travel association senior director of domestic policy eric hanson joining us with the results of the survey. i don't know if you watch our fine show but if you do you know we hammer the table on

infrastructure all the time. it's a national disgrace. when do we wake up and actually realize it is not a spend to make things better? it's an investment in the future because pretty soon we're going to go back to the horse and buggy. >> that's right. look. i think the travelers wake up before congress is. if you want the see what the infrastructure problem looks like in this country, look no further than the wednesday before thanksgiving. our airports are jam packed. there's cancelations and waiting in more lines. there's traffic on the way to the airport. unfortunately, i'm not sure that congress is going to wake up to this challenge and try to solve it any time soon. right no they're doing nothing. >> right. i'm sorry about that, eric. basically this. what people don't realize is the reason of air delays is not the weather but the radar systems are based on world war ii era radar and can't stack the planes in the sky because you're not specific. planes fly in bad weather. will we in our lifetime upgrade to the nextgen radar system to

stack the planes and fly and not have the stinking delays? >> i hope so. if travelers are fed up which our survey shows they are, we have an opportunity to do something about it but it's not just about next gen. once we stack them in the sky and land them faster, we're going to need runways, terminals, gateways to accommodate them. and guess what. a price of air travel is rising. if we want the see some more competitive prices, we will have to build infrastructure for a competitive industry. all these things cost money. not an as much as you pay for a bag fee. probably about a fourth of that. but we do need to start making the investments to improve the travel process. >> you naturally think that, oh, going on a trip is a good thing and interesting of a study i believe, eric, earlier on this year by u.s. travel showing increasingly americans are actively avoiding travel. they just can't deal with the hassles anymore. >> that's absolutely right. think about how many times you wanted the take a trip and then looked at the prices. you decided how long to take and

said, you know what? just not worth it. we found is that people are avoiding about 2 1/2 trips a year on average. over 36 million trips avoided a year and a cost to the economy and not only are people skipping out on family functions or not going on business trips, but those businesses that rely on travel, they're losing out, as well. >> yeah. i tell you what. airlines and i knock them, too. they don't want to pay, right? people don't want to pay. i never fly. why should i pay for those who do? business travelers say, well, we pay enough already. i mean, we could just sit here and wait until every airport crumbles into dust, i suppose. >> we are headed in that direction. >> we are. >> we can spend money smarter in washington. one of the problems is that we can't keep sending tax dollars back to washington because they don't come back into services that they use. 30% of the airport grants in this country are going to airports with less than 1% of the passenger traffic. better, smarter way to fund airport infrastructure would be to use user fees. that's what they say in washington.

for you, you pay for what you use. it comes back into the system. and for things that you're going do see a benefit from. that's a smarter way to do it. >> this is true, eric. i'll say this and then the tsa has good men and women. i'm not knocking them. but i'm to two airports in the last six months where the number of tsa people was greater than the number of people waiting to catch the plane i was on. that's -- i'm being 100% true. in fact, i was the only person in the security line, a very small airport. nine tsa people. i'm thinking, okay. i have newark and normally fly out of which is a disgrace. sorry. we have to go. >> okay. well, great to be here today. >> is it? >> thank you, eric. >> got worked up. sorry about that. i have to drive home. and three hours to get home tonight. >> if you have to go to the airport this week, there is a better way to get there than just sitting in the traffic. fly right over it. wealth editor robert frank says the rich, of course, are using a service described as the uber of helicopters. >> yeah. you don't have to be that rich.

brian, i have a solution for you. it will calm you down. go over the river and through the woods tomorrow in your own euro-copter. there's bounce offering helicopter service of manhattan's west site to teterboro. it's $600. a price of curb services works out to $117 per seat. about the same price as a black car. instead of 45 minutes in the traffic, you get four to five minutes to the airport. this company is launching services to other airports. teeter be ro does 600 to 700 flights a day tomorrow even more. >> that's cheaper than i expected. >> going to teterboro where you must have a private jet waiting for you. there's no commercial traffic. >> that's the start-up. >> that's the entry fee. a charter of teterboro, less than catering service on the jet and kind of an add-on. >> what do you serve on your jet, mandy? >> caviar and a bathtub full of

champagne. >> sounds good. >> someone to spoon it into my mouth with a golden spoon. thank you so much, robert frank. >> thank you. >> good luck driving home tonight. >> happy thanksgiving to you and yours. i'm off today. >> you are. happy thanksgiving. thanks for watching, everybody. >> wherever you are going, be safe. "closing bell" is next. and welcome to "the closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffith. rather eye popping gdp number this morning but not enough to give stocks a pop today. 3.9% for gdp. revision. much higher than expected. >> a lot of that was consumption. maybe it is the lagging effect with the data coming in and looking back saying, hey, lower oil prices helped. >> noted economist of pantheon says he feels the u.s. economy is about to break out in