this is "nightly business report" with tyler mathisen and susie gharib brought to you in part by. >> thestreet.com, up to the minute stock market news and in depth analysis. our quantity ratings service provides objective inpendant ratings daily on over 4300 stocks. learn more at the street.com/nbr. winning streak, the dow and s&p hit records rising for six straight weeks and with rate expected to stay lower for longer, our higher yielding stocks. the dividend payers set out to perform. cutting the quota, cutting back on the amount of ethanol in gasoline handing a victory to oil companies and potentially consumers, but the move comes out of cost. and market monitor. our guest has two energy plays

that he says are must own stocks. that and more tonight on "nightly business report" for this friday, november the 15th, and we say good evening everybody. i'm bill griffeth. tyler mathisen is off tonight. >> i'm susie gharib. good evening from me, as well. big numbers on wall street today. the dow is near the 16,000 level for the first time ever and the s&p 500 points away from 1800, a new milestone and the nasdaq at a level not seen since 2000. records from the dow and s&p. also closing at new highs, the dow transport and s&p mid cap. here is a run down to the closing numbers. the dow jumped 85 points and nasdaq added 13, a fresh high and the s&p rose 7.5 points. seema mody has more on which stock sectors are making biggest

gains and why high dividends matter to investors. >> stocks have been on fire this year, one of the big reasons, the feds monetary policy and with fed nominee janet yellen's commentary yesterday. >> we expect to maintain a highly accommodative monitory policy for sometime to come. >> reporter: expectations are rates will stay lower for longer and experts say that's a boom for stocks. >> strike equities owes much to low interest rates, fed funds may be close to 0% until the middle of 2015, bold yields running higher. i don't think the equity market will come under pressure for significantly higher rates. >> reporter: in low rate environments, high yielding stocks out perform as investors are on the hunt for yield. health care and consumer staples, two sectors that offer the highest yield are up 80% since 2008 and while consumer

staples and health care stocks are already up double digits this year, analysts say some of the stocks in these sectors are trading at an attractive evaluation. within pharm, fazer, altria and walmart but some say they are over valued and technology is the place to be. many offer an attractive dividend yield. they offer a yield above 2%. although dan greenhouse at btig says with the yield on the 10-year treasury notarizing, investors are more selective and looking for names that offer a yield higher than the yield on the ten-year note. according to wisdom tree, fewer than a third of stocks have a dividend yield above 2.7%, which is a yield on the ten-year treasury. big names, at and t, energy, and

more. high growth sectors like tech, one theory experts agree on, dividend stocks will be high in demand as long as interest rates remain low. for "nightly business report", i'm seema mody. >> to talk more is darrell. he's regional chief investment officer at wells fargo private bank. thanks for joining us tonight. >> thank you. >> are there any head winds that could stop this? six uptakes and we've been through september and october with great gains. where is the weakness in the market? >> i'm not sure you'll see a lot of it. we only have 30 trading days left in calendar year 2013. we'll look into 2014 and as we look into 2014, i think the environment sets up nicely for overall economic growth and

descent earnings growth. i'm not sure there are a lot of head winds. certainly on a relative basis to your earlier point and the earlier segment where interest rates are and don't forget cheap inflation or low inflation at today's levels. >> darrell, i would like to follow up on the report from seema where she's talking about the market. at some point the fed will cut back on the stimulus. what companies do you think will be growth winners in that environment and do you agree with stocks she was talking about? >> yeah, as you turn the page into 2014 you have to look at growth winners as opposed to liquidity. sectors that will stand on their own two feet in growth and not necessarily be dependent on the excess liquidity. i would give you a couple sectors. we like the tech sector. certainly evaluations, the tech sector is trading at a discount

to the market multiple today and numberly trades at 20%. extremely cheap and technology companies as a sector have more cash on the balance sheet today than they do debt. they have low pay out ratios so favorable. we like the industrial sector. that tends to be a sector that benefits mid cycle to late cycle and you're seeing the u.s. manufacturing renaissance play through. those are growth winning sectors. you know, liquid did winning sectors are utilities and telecom and maybe health care that we think evaluations are getting stretched there to be honest. >> what about -- well, you mentioned utilities but dividend players, i mean, those that have been helping people achieve a yield you can't get in the bond market and they have been a darling of this market for a couple years. is that too crowded a trade, or would you look to them, as well? >> we got most of them, bill, underway now. if you look at utilities, telecom, probably the two

staples to a lesser extent. we think staples will benefit to the wealth and continuing spending but those pure dividend plays look expensive to us now. so what you can't get away from them completely and important to have a diversified dividend in the portfolio, we think they look expensive. the only other point, bill, we're looking globally and internationally f. you look at countries overseas, the actual dividend rates are considerably higher than the u.s. and you get better diversification benefits and in some cases, a much more reasonable evaluation level. so investors have to look global as well as domestic in staying with domestic. >> thanks for joining us tonight, darrell. >> thanks, bill, appreciate it. big changes may come to your gas tank but could mean higher prices at the grocery store. vowing to pressure, the environmental protection agency is proposing a sharp reduction in the amount of ethanol which is mostly made from corn in the nation's fuel supply. jackie has more on what that

could mean to corn farmers and consumers. >> preparing to ease and lesson the requirements for ethanol in gasoline this is quite significant because the agency for the first time acknowledging the fact the mandate requirement set in 2007 may be difficult or potentially impossible to meet. the epa asking refiners to blend 15 billion gals of renewable fuel into u.s. gas supplies. that's roughly 16% less than congress' 2007 law requires. the impact on the market were immediately lower on the news because ethanol comes from corn and this proposal would reduce corn demand. the refiner spiking on this because it brings their cost down and finally, if it's cheaper for the remifiners, tha means it's cheaper at the point. other imp captions to consider here, ethanol demand is dropping off a bit because of the recent surge in domestic oil and gas supplies.

in audition, demand for transportation fuel also dropping. that makes ethanol less appealing. finally, using corn in ethanol makes the corn price more expensive, this of course, makes it tough for ranchers who use corn to feed animals. for "nightly business report", i'm jackie deangelis. jp morgan chase, the largest bank agreed to a $4.5 billion settlement over bad mortgage backed securities. the same group of 21 institutional investors already received an 8.5 billion-dollar settlement from bank of america on similar claims. a clear legislative review to the troubled health care law today. the republican controlled house passed a bill aimed at undermining the affordable care act, voting to let insurance companies review cancel the plans and sell individual health plans to anyone, even if they don't meet coverage requirements in the new law. 39 democrats broke rank supporting the so-called keep

your health plan act. it goes to the democratic led senate where it's expected to fail. of course, all of this comes as president obama met with top health care insurance ceos today at the white house, trying to drum up support for his latest fix to the law. he urged the companies to reinstate thousands of policies that were cancel the and enlisted their help to get the problem plagued website healthcare.gov website back on track. he spoke about reaching out to those executives. >> i appreciate all these folks coming in. we'll be soliciting ideas from them so that in the years to come, every american will have the kind of affordable health care that they all deserve. >> well, john harwood joins us once again from washington tonight. we would love to know what was said in the meeting after the president spoke. , what happens next at this point? >> well, the most important

thing that happens next is the effort between now and november 30th of the administration to meet it's pledge to get that website functioning smoothly. they reported progress so far and it was interesting that in the outside of the meeting, including the bite you played, bill, the president may clear his agenda, wasn't just about the fix which may be a dubious impact in the long run. we don't know how many people will be effected by that but enlisting executives to help work around where necessary, the problems with the website, communicate with customers get people signed up because what will determine the success or failure of the law is whether they can get a critical mass of people to sign up under kpt changes, under the new pricing structure that left the old one behind, which is why you won't see that many policies extended into 2015. if they get that working and see the choices, the law has a shot to succeed. >> john, you mentioned that

november 30th deadline. i don't know if that will still stick. maybe you don't know, either. there have been so many deadlines and they keep changing, which are realistic they will stock and which won't? >> the reason november 30th is so important, the reason for people to be covered on january 1, there are a lot of policies that expire at the end of 2013, you have to be able to sign up by december 15th and pay a premium. so november 30th gives you two weeks after that for that to happen. now, the pattern that we've seen, every company sees when they have open enrollment is it tends to come in a flood at the end. if it's not right at the end, you'll have real problems heading into january. beyond that, you have a deadline of march 31st. that's the end of the open enrollment period. that's the last point in which people can sign up and be deemed to be covered under the mandate. >> how much you want to bet the deadlines change next week and you'll tell us about it?

>>harwd from washington. sony releases the first update to the sony play station game console in seven years and could hold the key to the struggling electronic company's future. sales of video game players were low last year. the group that tracks the sale of gaming hardware and software said the sales fell by 8% compared to october of 2012 but the shares shot 12% higher thanks to titles like grand theft auto five and ppoke man x.

two of the biggest manufacturers of game players are putting out brand-new systems just as the holiday shopping season kicks into high year. and as josh lipton tells us, the newest console from sony out today is off to a terrific start. [ applause ] >> reporter: from new york to san francisco hard core gamers lined up outside of stores for one of the most anticipated launches in years. >> we've been waiting for awhile for this. this is a big deal. >> three, two, one. >> midnight on friday, sony officially launched the play station four in the u.s. the first shot in the upcoming video game wars, microsoft is expected to release the xbox 1 next week which will be sony's biggest competition in the battle for hard core gamers and with analysts pegging the global console markets at around $10

billion. it's a battle that neither side wants to lose. how do these two consoles stack up? the features are similar but here is the big difference, the ps 4 will retail for about $100 less. sony is hoping that will give it the competitive edge it needs to beat out the rival. >> in terms of overall numbers, we're planning on selling 5 million units worldwide by the end of march and that's significantly ahead of where we were with the last generation of play station 3. >> morgan stanley forecasting similar numbers with expectationings for sony to sell around 3 million units by the end of the year and sony held a pretty dominant lead in terms of hardware units shipped to retailers this year. sony has a lot riding on the launch. >> i think sony, you know, if it wants to get back to make it's own predictions for where it will be in a couple years for profitability, the ps 4 platform has to succeed. >> reporter: sony, once seen as

the premiere name in consumer electronics lost luster. the stock is down 50% over the past decade with companies like samsung and apple dominating the space, but this year, shares have bounced back tacking on about 65% since january. goals, like the team at morgan stanley pin their hope on structuring of the company with the pc and tv segment. a strong showing from the ps 4 could go a long way in helping sony win back consumers. josh lipton for "nightly business report" san francisco. elsewhere, one week after twitter's successful initial public stock offering, options on shares of the micro blogging site began trading today but shares of twitter ended 1.5% lower after an analyst downgraded it at s&p capital iq. they noted the money the company is spending to expand the business. joseph a. bank is pulling the bid to buy men's warehouse.

jos. a. bank's proposal to acquire it's larger rival men's warehouse expired yesterday. although men's warehouse never entertained that bid, jos. a. banks said its would be open to future talks. shares of the retailer were up on the news. men's warehouse rose 1% to $46.64. general electric plans to spin off the credit card business next year as a accept pretty company. it would take them out of retail lending to make less money from the volatile financial sector and more from man fracturing. the stoke rose today. climbing to multi year highs after reporting strong fourth quarter eerpings. the insurance mtd maker beat on both the top and bottom lines but guidance missed wall street easie' estimates. the stock surged by more than 8.5% and closed at $54.93.

and investors bought up shares of zoo lily. that discount retail site that targets moms priced above $22 and shares took off ending the day up more than 71% and closed at $37.70. our market monitor guest tonight is bullish on stocks but says investors should prepare for stocks to pull back in the last trading days of the year. he's peter, senior portfolio manager. sounds like good news, bad news. tell us how much of a pull back you're expecting over the next couple weeks and then how do things look for 2014? >> thank you, susie. we look for a rotation in leadership. as you pointed out in an earlier segment, the value dividend segment had a great run the past couple years and with softening commodity prices, we'll see rotation leadership that will lead to a combination with the tax selling that occurs at this

time of year. some weakness in the leadership as we get new leaders emerging. in an earlier segment you talked about technology and we think they will see cash flow and the ones we want to be in in the next year. in the transition, we think it's less than 5%, but we do see some potential weaknesses, portfolios get repositioned and investors look at the tax opportunities. >> the biggest pal pull back, a few 5% pull backs but been forever when we last had a typical 10% correction in this market. you still don't see that in the offering, either, do you? >> we don't. really, with the softening of commodity prices on the back of the news today from the ethanol rebate, if you will, back to the markets, we don't see commodity prices threatening any time soon. interest rates are effectively a reflection of inflection pressure. with that taken off the table and clear understanding on what will happen with fed policy, we

don't see much of a threat to the market in here and the data we've been getting coming out of the private sector looks good and looks to be picking up momentum. we hope the economy holds together. >> peter, let's go down some of the stocks you recommend. you recommended tech and emc on the top of the list. the stock is trading at the same level it was at the betwinning of the year. where do you like this, and where do you see it going? >> it's a growth name and one investor haves been passing by. doesn't offer a big dividend. no big buybacks and special activity, looking at the sweep of products, especially in the area of data storage, disaster recovery, this is a necessary going forward and there is a lot of regulation going out now with regard to businesses and their ability to come back from a disaster, and when we see the security issues, data today coming out that the auctions exchange board had a problem. we think security ask disaster recovery become big themes and emc is well positioned to take advantage.

>> you like natural gas, the fact you're thinking we'll see much higher prices down the road and a company you think will benefit is schlumberger, why? >> because prices collapsed so much, we saw north american drilling activity fall off dramatically. we view that will come back strongly. they had good success outside the u.s., outside north america and we think that they will continue and we like s schlumberger, high quality sheet and their products speak to the activity we think you'll see in the north american drilling environment in the couple years ahead, really. >> let's talk about a stock in the energy area, chicago bridge and iron, cbi ticker there. stock has almost doubled. it's about $80 now. what is your target on this, and what is the attraction? >> it's industrial and a lot of people think of it as one you would probably want to avoid after the run it's had. the natural gas story as it

comes back in north america and we move from especially being domestic to an exporter of natural gas, chicago bridge iron has a huge technology footprint in natural gas. they benefit not only from the projects in the north american market but those around the globe. as natural gas continues to expand in replacement fuel for electricity generation, we think chicago bridge and iron is in the right place to benefit from it. >> terrific. any disclosures, peter? >> i do not own names personally. we own them in the funds and less than 5%. >> okay. great, thank you so much. have a great weekend. thanks for coming on the program. >> senior portfolio manager at hunting ton asset managers. will falling gasoline prices put consumers in a spending mood this season?

so do you plan to do any shopping on thanksgiving? how about black friday or the rest of the holiday weekend? a new survey showed up to 140 million americans plan to hit the stores over that long thanksgiving weekend, that's actually down a bit from last year but more shoppers than ever are planning to head out on thanksgiving day itself this year. >> you better get going. christmas is now 39 days away and consumers are figuring where they will shop and how much they will spend. will the current economic environment be naughty to shoppers and retailers this year resulting in disappointing spending or be nice, giving the whole economy a lift? courtney regan takes a look.

>> reporter: each holiday season comes with the own set of broader economic issues that impact consumers gift giving and this season is no different. higher payroll taxes, lack of confidence in washington lawmakers and health care costs are cutting into budgets, adding hitting confidence of continued uneasiness of the job market and the naughty list looks fit for a grinch but competition for consumer dollars is so intense, retailers are offering some of the best promotions in years and online shopping options have grown in number and ease. plus, home values are rising. the stock market continues to hit fresh highs, weather trends are favorable and holiday shopping season gas prices are the lowest levels in four years. that all makes the nice list, quite jolly. historically when gas prices fall this time of year, consumers shift those savings to their holiday gift buying but it

doesn't seem to be the case this time around. according to a new gallup survey, the more than 1,000 consumers surveyed reduce the forecast for spending on christmas gifts to an average $704, $82 below the october prediction and $66 below holiday shopping intentions this time last year. >> the economic head winds are still tough, and we expect it's going to be a very promotional but very solid holiday season. >> reporter: while retailers issued mix forecast about the holiday season, many say sales and traffic have been improving. walmart u.s. ceo said various head winds and tail winds in the marketplace make consumer shopping intentions hard to forecast but there is always a chance for a christmas miracle. for "nightly business report", i'm courtney regan. >> are you going to do online shop sng. >> mostly online shopping and i'm not one that goes out on thanksgiving. >> me, either. >> you'll be tired, you're

making dinner this year. >> 16 people, lots of pumpkin pie. >> thanks for watching, great being with you. >> always enjoy being here. i'm bill griffeth. have a great weekend. see you monday. "nightly business report" has been brought to you by. >> thestreet.com, up to the minute stock market news and in deptd analysis. our quant rating service prov e provides objective independent ratings on over 4 300 stocks. learn more at the street.com/nbr.

gwen: a presidential mea culpa on health care. lit stop the bleeding or cost him the credibility he needs on other issues like iran? tonight on "washington week." the president falls on his sword. >> ultimately i'm the head of this team. we did fumble the ball on it and what i'm going to do is make sure that we get it fixed. gwen: and his opponents smell blood. >> this wasn't a small mistake. this wasn't a scaling mistake. this was a monumental mistake, to go live and effectively explode on the launch pad. gwen: even before the president's admission that he should have known but didn't, that his health care plan was not ready for prime time, democrats were joining the criticism. >> ier