dave: usually one of the slowest days of the year but a lot of traders trading today, retail stores and opening, wall street and open for thanksgiving even though you see a down tick at the end of the dais and incredible deals for individual stocks, people still going on, a split decision as we end the day, the dow line this and you were going to stay on the plus side. day did he got a slight loss but that is not stopping the nasdaq, apple, a lot of other cac stocks, microsoft doing extremely well. it is a split decision. time for your front-page headlines. black friday huge day for shopping, two of the biggest retailers, wal-mart and target seeing strong sales growth in

stores, britain's water and online. tracy: automakers hoping for big numbers, ford and hyundai cooking to clear milosevic 2013 models and to make way for the 2014 cars and big suvs. dave: google is facing heat from regulators, the privacy watch dog says the tech giant is breaking the data was saying its privacy policies respect european laws. tracy: euro gaining data, the annual consumer price inflation rose by 0.9% in november, unemployment fell for the first time in three years. dave: the latest price inflation in japan boosting confidence in the economic policies, the latest data showing prices rose by the highest amount since deflationary began in japan 15

years ago. tracy: refusing to negotiate with china after beijing declared air defense known over contested islands, the u.s. is challenging the new zone, two unarmed b-52 bombers through the disputed aerospace earlier this week. "after the bell" starts right now. dave: a busy trading day. a lot of action and at the end of the day trading heading downward. let's get today's action, piper jaffray senior market analyst, wealth management, bcu managing director, and in the pits of the cme let's start with you. the end of the day, the end of the trading day we saw the downward rip. what was going on? >> it is black friday, black friday mania but jobs next week is what all traders are looking

at. we head into next week and you are starting to see repositioning ahead of that. jobs are major focus by the close of today, people looking at next week. tracy: the s&p up 20% this year, today, one of the lightest trading days of the year even though the market is doing fine. where do you expect the s&p to be by the end of the year? >> we continue to think the market will work its way higher. when we have gone back and looks at those years, going into thanksgiving holiday, and 80% of the time you are higher in december so we think the market will work its way higher, specifically the s&p, working for 1850 by year end. ashley: we just heard jeff in the last hour said we could see s&p 2,000 by the end of the

year. >> 2,000 -- dave: glad. >> 2,000 by next year. >> he did say 2014. will you see it? >> it is possible. no one is more bullish than i am but we are getting ahead of ourselves and some time in the first half of the year we could have a correction. dave: based on what? i can't tell you how many times i heard we are going to have a correction and it doesn't come. what would be the trigger for the correction? >> first of all i want to congratulate craig. his 1850 call has been out there for a long time and you see that call and that momentum will carry into the beginning of the year so you have the s&p over 1900 but in the first quarter i

think the capering question will come up and the market itself, technically, hopefully we get that pause. tracy: we have been hearing about the pause, government b s, is that price and at this point? >> it is. we have been bullish for a while. we have surpassed it. there are levels above here, the 1850 in the cards here, this market is bullish and i don't see anything slowing it down until the end of the first quarter. dave: let me ask a contrarian position whether we are in a bubble or not. people who send me e-mails saying this is a bubble, if it is not a bubble why was it rendersvalued for so long? we begin q e a couple years ago. >> i don't think this is a

bubble. it is part of the new secular bull market and what happens when we go through a period like we have been crew, 13 years bear market there is not a lot of confidence. you get cut in half twice over ten year period of time and it takes time to rebuild. in 2013, 2,000 will be achieved, we stuck our neck out on the line and played out in august of 2012 and that will happen next year. tracy: is banc of america the time to get in? >> i like the old forgotten names. texas instruments, bank of america, gee, microsoft. these stocks are in double digits as opposed to the other stocks, netflix and triple digits, get back to the old names. dave: you are going for a couple

retails. these are companies that doubled, even more than doubled, can you go even higher? >> we think they can with our microbrew work inside of footwear, footwear starting to work and people who have been in this market for a long time when you hear about shoes and these parts of the market starting to work that is a positive sign meaning investors and individual consumers have the money and when you look at a chart like this you start to make a nice series of higher highs and lows, sculptures got out of a multi-year basis and the stock moved up to the mid 40s. tracy: can we talk about oil? where it is oil going with all this? >> oil tested lower on

wednesday. building oil stocks. that moves the market higher. last week we saw, the agreement out of iran sunday night definitely started a path of least resistance lower but failed to follow through earlier today. focusing on jobs next week, the data we are going to see through next week as well, weaker dollar provided support today in the market, and looking for the market to stay through next week. dave: an important point. as gas prices have come down over the last year, makes it easier for people to go to the mall helping the holiday shopping season. >> oh yes. can't forget the airlines and the truckers. this is a big plus for them absolutely. very important product. tracy: what would you stay away

from at this point in the year? >> we under with the energy sector and basic materials, gold, the best days are behind it. there is another 20%, maybe 30% downside to be having goals as the next support area comes inn at 10:50. we will be avoiding those areas and the utility sector, interest rates are poised to move higher into 2014. we are looking at 3.5% of the ten year bond yields next year and that will put us to head wind in front of the utility sector. dave: if we get 3% on a two year going to 4% will that stock the rally? great to see you guys. we are going to check in with you when the s&p futures closed. tracy: the fifth biggest economy in the president gets a

downgrade. new concerns about the recent economic recovery. that story in a few minutes. dave: it went up again, 20% overnight. with holiday shopping in full swing how much are shoppers turning away from the old brick and mortar stores, one of the most accurate trackers of online spending, you want to hear what he has to say. tracy: the question about today's shopping frenzy. what do you consider your best black friday deal. log on to facebook.com, we will let you know. [ male announcer ] what if a small company

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than exxonmobil. bause using energy responsibly has never been more iortant. energy lives here ♪ dave: a big day for retailers on the holiday shopping season, nicole petallides on the floor of the stock exchange, great news. nicole: we have seen a lot of retailers on the move, we have seen thanksgiving and black friday, a lot of interest in a short holiday season. let's look at how the retailer was ferrying today. it was underperforming the markets, some were mixed, names like best buy and walmart, target and radio shack ruled that, walmart actually hit a new high today.

walmart, they sold a lot of ipads. they were -- analysts saying they were pushing tvs not noticing it is cold out, there are other names, dillard and seers and j.c. penney, j.c. penney has been working on this turnaround doing better this month so that is good news and there are a lot of deep discounting going on and do they make a lot of profits when doing that? macy's it a new high, parent of macy's and bloomingdale's and other names like tjx and nordstrom, the group was next and we saw late day selling on the market and i talked-about traders ben willis, gave that the gains and picked some profits going into the weekend. dave: nice to see j.c. penney in double digits. let's hope it stays there.

thank you very much. tracy: we have to head back to the pits of the cme. what is going on? >> heading into the close, jobs next week our major focus. the unemployment rate drops, a good sign, got the day to a good start. the middle of this christmas rally market is bullish and has been bullish all year. dave: thank you, there is trouble with a new fallout from the obamacare mess and more trouble, small-business getting cancellation notice from their health insurers saying current policies don't meet the requirements of the affordable care act. dagen: now the details. >> you may not know this but small-businesses left 50 people on the payroll, required to offer health insurance under

obamacare but those that do are eligible for tax credit. one other business providing care to a staff for years, this january, maybe the first time they have to say no. >> beautiful. >> in phoenix, doesn't have to offer insurance to its 13 employees, it chooses to. >> an obligation to take care of people who take care of me. >> her husband was shocked when their provider had a cancellation notice put their current policy saying it was in compliance with the affordable care act better known as obamacare. >> stuart: to pick of the compliance plan it was going to be 60% more expensive. it completely floored us. >> the price jump is something they can't afford. employees are confused about what that means for them in the new year. >> do i need to have this insurance going to place before

the end of the year or am i able to wait until after the first of the year? will we have coverage? do we need to find our own coverage? >> so far they are unhappy with options that include and h m 0 with a smaller selection of doctors. the search continues, they admit they are disappointed. >> i thought because we don't have that many employees and are not required to provide insurance that we wouldn't have all these regulations coming down on us. >> we have similar stories of canceled plans are around the country. earlier this week the obama administration announced the online marketplace for small businesses to shop for coverage, that has been delayed for a year. for now owners can go through an agent or an insurance company, exactly what they're doing in arizona. at this time we don't know how many small businesses are going to be affected and how many

employees. small-business accounts for 80% of the u.s. economy and millions more perhaps could be affected. dave: extraordinary when you think a couple months ago the republicans said this was going to happen, said let's delay it and they were called wife beaters for suggesting that. thank you. appreciate it. tracy: j.c. penney stock, the company paid a heavy price after firing thousands of workers, could impact the retailer's ability to compete with its rivals. we get that story next. dave: we will cut through the hype over black friday to find out whether wall street should be paying much more attention to online sales than it has been over this holiday weekend. we are back in two minutes. stay with us.

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dave: time for a speed read of other stories, the netherlands is the latest country to be stripped of its aaa credit rating, standard and poor's downgraded the netherlands to aa plus due to a, quote, weakening growth prospect. general motors naming a new president for its fine operation announcing that you seen would succeed as a ransom and investment. j.c. penney scrambling to hire 35,000 workers for the holiday season. the struggling retailer short

staffed the former ceo, fired tens of thousands of employees last year. the number one mobile messaging apps according to a survey by on a device which serve 4,000 android and i o s users in brazil, south africa out, indonesia and china. australia blocking the midlands $3.1 billion bid for brain core, the new government rejected the american company's deal on grounds that takeover would go against the australian national interest and that is today's speed read. they timed it just right. tracy: take the credit. we are starting to get some early read on black friday sales and it is good news for apple and retailers like wal-mart. holiday sales start as early as thanksgiving day which is crazy, the holiday shopping season is the shortest since 2002, 27 days between thanksgiving and christmas.

dave: could waiting for black friday be hurting retailers? joining us is principal analyst camera gafneed. it looks like everyone is doing well, natalie online retailers, you saw amazon jumping about wal-mart has come out with an incredible preliminary figures that makes it look very good. >> we looked at thanksgiving data, crunched data last night, we predicted it was going to be $1 billion day for the first time ever and it came in at $1.26 billion, beating all records, we got that data through information we have been able to pull from the marketing clout. stassen dave: when you talk about heart they screwed up the online stuff, walmart.com processed

four hundred million page views on thanksgiving day. why didn't the government hire walmart? the government can't even get close. >> when we are looking at what is going on on line is blowing away the previous years. thanksgiving day up 18% year over year, consumers said they would shift their dollars from in-store to online purchasing this year. tracy: i have said i am not going to break and more. there was a shooting at the mall near me. there's traffic, why would i bother? in your notes you said people are shopping more on their mobile phone and ipads. >> that blew away our estimates. what we saw yesterday we predicted 14% of the sales of line would come from a mobile device, it came in at 21% so we

didn't have to go to those malls because we could sit on the couch with an ipad and get our shopping done. dave: one hit against amazon, a legitimate hit, does so much to gain market share that it squeezes its own profit and ends up with a loss because it does that. it is growing leaps and bounds but there is one example, amazon prime is a great service, they get free videos online, day free shipping. i signed up for a week ago. i could do all my christmas shopping online as an amazon prime member and not have to worry about -- are a lot of people doing what she did me is doing? >> one thing you have to be

careful about with regards to pricing is black friday and cybermonday are about price promotions and they have created for consumers a desire to wait and not spread their shopping until they reach critical promotional days and according to our data take some revenue out of the picture for the retailers. tracy: i was reiterating david. dave: careful with money. i prefer that phrase. tracy: does perfect we lose the weekend make a difference or because of on the online surged doesn't matter? >> it has the potential to make a big difference. when you look at all the days from the beginning of november through christmas day they are all above average online sales, you take six day is out of the picture between thanksgiving and christmas and have potential to

lose $1.5 billion online so retailers are pushing promotions as early as they can this year. tracy: a big number. thank you for being with us. dave: you amazon prime? if you are shopping you get one month for free. >> than i can can't live. dave: it is a promotion. according to the web site you king canceled and you get two day shipping. we have another perspective on the holiday shopping weekend straight ahead. the president of the online shopping site price grabber about the company's brand new 2013 black friday and cybermonday survey. tracy: is it time to bet on bitcoin? one trader has his doubts about the virtual currency even as it blows through to hit new highs. we will be back.

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tracey: looking at the market drivers said they in the week on a positive note this is the eighth consecutive week of gains it is the longest winning streak of the s&p 500 in nearly 10 years. although ending the of week and month higher jpmorgan rose 11% even with all the cavities it is still up there. followed by merck up 10 .6%.

also the road hit a one month high against the dollar with the arizona eases speculation of further monetary easing by the ecb. it hit the intraday high of $1.36. david: not everyone is willing to spend the night to get into the store for the door busters. many people want to stay home to shop on the internet is this a trend? jeff gold stephen price grabber great to see you. what they tell you about shopping but if you go into a price grabber.com you can search for a product then you get the price is you can see the web site water people plenty in more than anything else in the search category? >> over the holiday season consistent is electronics.

for out of five top trading products are large screen tvs. people love those large screen tv. david: i would say the ipad? >> the fifth product is the ipad many. david: what about that air? do people focus in on that to get something cheaper? >> it is up there no question. >> you do have those surveys. what do they tell you about the shopper trend? >> in terms of black friday and cybermonday one of the interesting trends is 83% of consumers that responded to our survey say they plan to shop from home on the cybermonday.

darnley the stereotype everybody rushes in to work to spend half the day shopping at work. we think the big driver is the fact of multiple devices at home you have your desktop all connected we see people using that. david: they also use that at the store you taken with you and to even those people bring their mobile devices with them to use it to try to get the sales. is there any store that doesn't have to match the prices when they go shopping ? >> it is a great point. 50 percent of all users said they would go to the show room.

they are price matching more aggressively also pushing loyalty programs and offering free shipping so they have a bundle of strategy's beyond price matching to respond to the show room. david: but if you are sure you go to the store they will match your price then that means you go back to the stores that you like because if you have a choice between this or that you like you will go there if you can get the best price is there a focus to try to make that experience as pleasant as possible because they cannot be taught bryce? >> it looks like it. again with the survey be found 70 percent of consumers said customer service was at the top of their list. what we find on price

grabher the best price does not win if the consumer has a retailer that they like or identify with so often they will choose them but when people go into the store we think that same thing is going on. >> but apple is still the leader not only do they have great products but there is more competition nobody could beat them in a customer service and that is why apple is doing so well. >> i agree. they do a terrific job with groupon. people do a great job to move you through the process you can see others responding and this is great for consumers. david: traffic has doubled

it is due tuesday i phone and the tablet. does it continue to double here on out to? >> it will grow substantially no question. you just have to look at the gross of mobile device purchases on the phone and the tablets side is exploding. we should expect mobil cobbers will explode as well david: thank you jeff. you are not alone a lot of people do what you do. tracey: and the be cheaper in the end. and hits a a one month high but how do you play it? we would get though they display of the currency market. david: battling unemployment how do they do it now? we will explain. it is called the most important to be year in the

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david: the euro is that a one month high against the dollar after the ec will not resume further monetary easing so what does this mean not only for the role but all currencies? tracey: capital founder and managing director, give us your thoughts. where is it going? >> first a bit of disclosure i started my career as a eurodollar currency trader that i have kept up in the beginning i was trading below 20 but here we are at 136 we have a bit of love

crowley of a couple of weeks back from that ecb but a the made point i would make of the trent is more to do with what goes on and with the u.s. as opposed to the year rose zero. during times like right now with a modest recovery to $0 or more risky assets. >> let me talk about a very risky asset that is bit coin it increased 20% overnight. it is taken off like wildfire. if you put $1,000 she would be a billionaire. either it is pure speculation it looks like a

bubble to me. or the world economy is fed up with the central banks that they can no longer maintained that of value of a currency. what is going on with bit coin? or is it speculation? >> with those bills points they are true. 400 and five head did years ago we hope that it has become clearly like of bubble and it is frothing if it's. tracey: we just looked at your target by the end of the year what should i buy to get my portfolio there? we back we had an amazing

year for the s&p. with the mentality is over the past 12 months we have a scenario where in the situation of a sell-off has anybody in the market as long as the trent contiguous with a major correction in the equity markets particularly in the first quarter obviously the fomc meeting then at the end of jay rebirth of -- both of those would be important for everyone. david: currency is your expertise and talking about the year-old but long term is there in the currency that has captured your interested?

rivera going back to pre-crisis with the dollar trading above $2 which really helps exporters period retailers as well. getting the influx from the of a british tourist and doing business this time of year. i think the british pound we are bullish against the dollar. david: i just had to lbs. i gave them to our british producers they could be worth a fortune now. [laughter] tracey: can you comment quickly on the yen while we're talking currency? >> japan over the last 12

months will be even more important because we will see some results in the japanese economy or with a budget yen is a kerry trade scenario over the last few years we expect that to continue through 2014. that is very important. david: good to see you. we appreciate you coming in. tracey: a great story. veteran. david: t the most important beer in america. how this brewing company is have -- helping military veterans. david: how would you like to spend your whole life cruising along an a floating city? we have the details. second.

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tracey: the us feel good story of the day the department of foreign affairs say many troops are unemployed no one group looks to make a dent in this statistic. treated to entirely on dash

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>> every employee from the delivery guy he hopes to send a message to other employers. >> for the private sector to realize the better it is the greatest resource of this country and hopes to send a message to other veterans. >> we will bring them out of what they need to be injured or disabled. >> eight now people will buy that first six-pack out of patriotism so if it is good they have the repeat orders. the breakout year was quick so they only have to move 500 cases this year but next year 200,000 cases of the golden magical dick would that help people like me. [laughter] david: that is a great point you have to get past that

for 60 act if you choose between the two rival the with the veteran. tracey: i am in for the full case just to see you dance. [laughter] >> it is a river dance right now only my feet move. [laughter] david: the brooklyn coach faces a huge fire and after he went to extreme measures and we will bring details when we go off the desk. tracey: kicking off the holiday season what do you consider your best black friday deal? we will read your comments when we get back. don't go away. ♪

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david: go way off the desk if you are retired you may like this spending your entire life on one contiguous cruz a company called freedom ship international seeking $10 billion to build the world's first ever flotation city for thousands of people having all of the amenities of a regular community like or galleries, galleries, schools, hospitals even the rooftop airport it is a huge floating platform on paper expected to be 1 mile long, 25 stories high with room for 50,000 residents and powered by solar a and wave energy and would neveneneed to adopt -- stock.

tracey: and never need to see your family. tracey: it is good if you don't need to see your mother of god. jason kidd lost more than and a cup of soda against the game on the elevators. he was fined $50,000 for intentional lease billing his drink on the court to delay the game after he was seen smelting of words hit me to give the chance to hide a lot. he denies the accusations. david: you can see it. we have facebook tea and twitter either tracy or i have bought our intention was to take today off to a shot of my i saved my sanity by avoiding the crowds.

>> time for the top three things to watch the october and november new-home sales data. 10:00 a.m. eastern they are expecting the sales to climb 435,000. new home sales rose 7.9% since january. david: the second reading of third quarter gdp set to be released thursday 8:30 a.m. eastern. expected to increase at the annual rate of 2.9% from the initial reading of 2.8 percent. tracey: the number one thing to watch as the november jobs report released friday 8:30 a.m. eastern they are expecting non-farm payrolls to rise 185,000 down from october to the 4,000. 4:00 today watch ace fabulous special with access to the greatest most unusual

sellers in the roles including the prohibition era and of the tower of wind. david: have a great holiday. we will see you later. jeff: this week on "across america." reinventing the american grocery store. ♪ ♪ and an exclusive look at the former deli clerk who is the ceo. welcome to "across america." a from the wheatfields of the midwest to hvac, and the latest on an icon iconic american brands. a company doing its best to reduce the u.s. trade