first dom chu isn't messing around. he's getting into the hard stuff.ocks down. >> yeah, liquor before beer this time around, guys. at least when it comes to what we're talking about today because it's the holiday season. how about a libation or two especial for investors in those liquor stocks. not the beer stocks. check out diageo, one of the biggest liquor companies in the world, j&b, smirnoff, captain morgan, up 7% year to date. so a healthy return but maybe not as fantastic as some other stocks. here's another one for you. a big name. jim beam. beam, the company that was spun off from fortune brands behind jim beam and maker's mark whiskey. they're up 9% year to date. and here's a big one for you. brown forman, you may not know who they are, but they make jack daniel's and yes pepe lopez tequila. all of them are positive but trailing the market. if you really want to know where the bubbles are in this market, especially for investors, you've got it, guys, of course, look towards the beer stocks. back over to you. >> and we will right now, dom chu,

dom chu back at headquarters with more. >> melissa, as if they needed a boost, the great usg dp numbers are putting a bid back to the market for sectors, oil like you said, now the world's biggest economy expanded at a 4.1% annual rate. one of the places you see impact is in energy. both west texas intermediate and brent crude oil prices rose today. that helps the names in oil field services, among the best performers in the energy sector, halliburton, baker hughes, all up a percentage or more. look at those oil services stocks on the heels of the gdp report. >> thanks, dom. will oil service stocks catch up to the broader markets? let's call to the charts with the one and only carter braxton worth of oppenheimer. hi, carter. >> the setup is crude was quite weak from the end of the summer at 112. but crude has recovered back to almost 100. some of these oil service stocks are still down. we think they are to be played here on the long side for bounces. just to give you the backdrop. this is the oih, the etf which captures halliburton, weatherford and so forth. this is the entire energy s

. >> dom chu, thank you very much. and happy holidays to you. >> same to you guys. >> you bet. >>> and while stocks took off, the economy plodded along but showed some sign s of improvement. jobs are created and the unemployment rate is coming down although still sitting at 7%. the consumer seems to be spending more and the federal reserve feel things are getting better and started to pull back on its bond-buying program. steve liesman and hampton pierce have been our go-to guys. steve, let's begin with you. we had the fed last week announce that taper. and fed chairman bernanke, the kind that he announced the cutbacks, he said the economy is healthier and that the job market is improving. what is your take? how healthy is the economy right now? >> well, what seems to have happened is this nice revision upwards to the fourth quarter after a very strong third quarter. we're going to probably average 3% growth in the second half, and that's up from around 2% in the first half. and that extra percentage point means more j

. >> let's go over to dom chu. >> twitter hitting a fresh all-time high for the fourth consecutive dayre just scratching the surface with advertisers. twtr certainly in focus, simon. >> johnny capital markets is expanding its coverage of the beverage industry and what it calls an investable moment, coca-cola, dr. pepper snaple both with a buy rating. welcome to the program. >> thanks for having me. >> why the upbeat note? >> well, i think a couple of head winds this year. people's fear of regulatory headlines and some bad headlines in the u.s. have caused people to focus on fierce that had already been there and structural strength outside the u.s. people aren't paying enough attention to. >> a lot of people are focused on the fact that there's this crash -- it's not really a crash but the diet soda market has taken a hit here, latest figures say down 7%. there are still questions for many people about the long-term effect of sweeteners. how do you factor that into your calculation calculations? >> i think in 2014 we'll see innovation around new kinds of sweeteners, natural sweeteners.

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kayla and dom chu made it down here.>>. >> how about the idea that when we talk about these social media momentum stocks we talk about this idea that we should maybe look at people selling just to lock in these gains because it's year-end. you want to do something with them. they keep on -- this is way more than doubling the ipo. >> look at this chart. it's up today, 7, almost 8%. 64.64 appears to be the new close. >> my reaction, i said go tweet the fact that twitter has hit $64 a share. >> i already did. >> you know this is one of these cases where you risk having kind of 1990's rebound when you start saying this stock is indeed being priced for some expectation of what it becomes in the future. not reality of what it is in the present. it will prove to be spectacular wrong or spectacular right. >> i googled facebook when i saw its incredible move the inclusion in the s&p 500, you'll get natural momentum. the only thing i saw where an entrepreneur forgot his i.d. at the airport and tsa let him check in off his facebook

i got to go to dom chu right quick with breaking news. >> let's check out what's happening, bill, withe twc shares have spiked in just about the last five or ten minutes or so. this on reports the company may be open to an offer to buy the company somewhere north of the $150 per share range. remember, time warner cable has been at the center of a deal kind of talk, if you will, among any number of suitors. names that have been tossed around have been comcast, parent company of this company at cnbc. also charter communications. again, backed by billionaire john malone. shares reached as high as just about $139. have now drifted back lower, bill. we'll keep an eye on those twc shares. >> there it is. up about half a percent at the moment at $132.76. we'll keep an eye on that as we head to the next hour. sorry, breaking news as we head toward the close. don't forget, tomorrow we'll have coverage of the jobs report when it comes out at 8:30 a.m. eastern time on "squawk box." in the meantime, second hour of the "closing bell" with kelly evans and her all star panel. i'll see you tomorrow. >

our dominic chu explains back at hq. hey, dom. >> hey, carl.ocess in their own specific ways here. a report published in grantland.com outlines a new way to handle the nba draft. it would script out when a team would draft in each of the next 30 years. something called the wheel. you can see why there. it's a mathematical formula used to determine the most equitable sequence of picks from year to year. now, proponents of this system say it would prevent teams from tanking, like you said, to get a better draft pick. it would allow team managers to better forecast how to build teams, as opposed to just drafting individuals, because you know exactly where you'll draft in every single year. now, the naysayers claim the system could penalize teams for picking in a draft, just because they have a bust and give them another high-five pick, and then they'd have no way of really making up for it, because it's scripted for the most mediocre teams, and also other teams for the coming years have that same kind of scripting issue. it also allows great teams

i'm a huge dom chu fan.ll get to him back in a little bit. >>> according to shoppertrak, the week leading up to christmas is when consumers open their wallets wide. the saturday before the holiday, second to black friday, in terms of consumer spending. let's bring in barbara khan of the jay baker retailer, and good morning to both of you. good to have you. >> good morning. >> thank you. >> laura, i'll start with you. people are beginning to make lists of the kinds of things retailers are doing in the final week, right? doing a lot more social, appealing to last-minute shoppers, staying open for 87 hours in the case of toys "r" us. is it time to panic? >> of course, what we're focused on is the level of discounting, and it really is unique. especially for apparel retailers. we're seeing very deep discounts at the mall. the first week of december had awful traffic. it's a short calendar. we think some retailers are showing signs of panic. >> barbara, how about you? i mean, which -- from your standpoint, i wond

joining us frank and chu, no frank and chu, dom and robert.life approaching investors in bill ackman's hedge fund suggesting they pull their money out of the firm according to reports. we reached out to herbal life and the company has no comment on the story. my approach on this would be fair is fair. you go after me, i'm going after you and your customer. >> it's not just that, it gets more complicated because the people that they may apparently be using to help kind of get this campaign going, are contacts they both shared in the past, investor bankers they've both have been in contact with, both ackman's side and herbal life's side. this is a funny soap opra that gets better as the story develops. now they're going after each other in ways that we couldn't have even imagined. >> other side playing hardball, robert sfloonk dom's right, they were hiring ken mullis, one of the big bankers, so they pulled in the big gun. protest too much. it's one thing for a company to say you're wrong, it's really another thing to go after the investors of ac

nobody except for the great dominic chu. dom? you stealth stud you. >> i'm trying not to laugh because i look at these stocks and i say to myself why aren't we covering these more. we're going to give you a snippet of a few. first of all drug company forest labs. a stock that's up 58% so far this year and if you take a look at shorter term performance of the stock, it's up again about 15% just over the last month. this company is going through its own strategic review trying to figure out how to cut costs and looking to buy back more shares. bullish story somewhere for these investors. another one we're talking about here is h&r block, one of the biggest tack preparers in the country, up 56% year to date an it's not tax season just yet but this company over the shorter term is up about 4% just in december alone. so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking abou

want to go to dominic chu now with the latest because dom, we're wondering whethers those packages havedelivered. we were also worried you didn't get your xbox on time. what is the latest? >> well, i mean, let's be honest, my sad sad christmas story is relatively speaking not a sad one at all. i did end up getting my xbox one delivered by ups to our front door last night between 8:00 and 9:00 p.m. there you can see this particular xbox one and the game that came along days before. it arrived in time for christmas. i got that. it's alone underneath the christmas tree because the only gift not opened yet. everything else has been done. but again, my mother-in-law at least had some sense to put it under the christmas tree for the spirit of things. back to you. >> belated christmas present. >> yes. christmas is just extended. that's what it is for me. >> all right. we are all very relieved. dominic chu. josh lipton on the latest with the shipping headaches. tyler? >> all right. folks, when we come back we have a lot more of "power lunch" coming up. we will talk to you about the countdown, n

. >> now dominic chu hosting fast money in for melissa lee. dom, contrarian take on the day. is it not? >> it is interesting, of course, this is the first downish type day we've had in seven for the dow. if you talk about where the money is made, kelly, we talk about the big bets, the guys who make those contrarian bets, think about those people who bought subprime mortgages or shorted subprime mortgages, they made the big money. maybe that's the way you actually make the calm. you make the big money making the big bets. right? >> in that case, i want to stay tuned and find out what they have to say. over to you. >> thanks. fast money starts right now. live from the nasdaq market site in new york's times square i'm dominic chu in for melissa lee. here's tonight's lineup. the target data breach gets bigger. new developments about safety of pin numbers. we have details and potential impact on target's stock. twitter falling back to earth. sort of. even with the day's selloff the stock is up more than 50% this month alone. we'll break down the key levels, that you need to watch.

dominic chu and robert frank all over those stories. domyou first. >> how about you take a little break from the power lunch and do some investing, rest and relaxation. some r and r for your investment portfolio after the break. >> millionaires giving away so much money to family members they're called the family bank. how much they're giving away and why it could create huge problems down the road coming up. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. [ male announcer ] this december, experience the gift of unsurpassed craftsmanship and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. >>> welcome back to "power lunc

chu for a quick "market flash." a name we were just talking about, dom. >> how about this.tter discussion. it's another day, another record stock price for that company. it's only been public for a little over a month. but it's more than doubled in value from that $26 offering price. and the to costock is up over 4 from the low of $38 back on november 25th. so mandy, this is a powerful, powerful move for that social media stock. >> it certainly is. the twitter is on fire. >>> well, it looks like congress will be voting on the budget deal will be voting sometime tonight. aetna's ceo is weighing in on how obama care is impacting his company. the newest member of our team is here. welcome to cnbc and "street signs." great to see you. whoo! that's the official "street signs" welcome. >> it is now. >> so what's going on? >> thanks, mandy. some fresh comments coming out of the company's shareholder meeting, ceo mark better lean b its team working on the bugs and fixes with the exchange. he says they will not reinstate individual plans that were canceled in the initial rollout. bu

. >> now dominic chu hosting fast money in for melissa lee. dom, contrarian take on the day.e this is the first downish type day we've had in seven for the dow. if you talk about where the money is made, kelly we talk about the big bets, the guys who make those contrarian bets think about those people who bought subprime mortgages or shorted subprime mortgages, they made the big money. maybe that's the way you actually make the calm. you make the big money making the big bets. right? >> in that case i want to stay tuned and find out what they have to say. over to you. >> thanks. fast money starts right now. live from the nasdaq market site in new york's times square i'm dominic

dominic chu has been researching how to forecast a sudden drop for stocks. how do you do it, dom. >> it's tough. no crystal ball for this. with all of the talk of a reduction in stimulus by the fed how much should investors be worried a potential correction could happen. if you take a look at the s&p 500, since the financial crisis, that's what we've got back here, we know that there was that big drop 57% from the 2007 highs all the way to the march 2009 lows. but the stocks rallied 80% after that. now since then, we've seen other corrections in the market and this is how they've played out. between april and july of 2010, the index fell 16% from that low through the april of the following year. now then we got a 33% rally. that's a decent size move. the next correction came, a drop of 18% through october of 2011, stocks rallied about 14% from there. then came another couple pullbacks, one between october and november of 2011, it was near 10%, not technically a correction in the strict sense of the word but some traders say it was a pullback. stocks rallied 22%p the other near 10

. >>> now, let's send it over to dominic chu for a quick "market flash." dom?higher. they posted a small but surprising fourth quarter profit as it continues to try to turn things around following mechanical problems and fires on three ships earlier this year. the number of passengers it carried was 3% higher than it was the same time a year ago. in a cnbc exclusive, the ceo, arnold donald, will be on "squawk on the street" in the next half hour. so, carl, we will definitely be tuned in. back over to you. >> all right, dom, thank you very much. >>> now that the fed has begun tapering, what's the best way to play the banks and financials? we'll talk to dick bove in a moment. >>> also, rick santelli in chicago. rick, what are you watching? >> well, you know, mortgages are still a big deal, part of taper is $5 billion on mortgages. we'll talk to a new guest, vincent, talking to him not only about mortgages in general, but some of the mortgage reforms and some of the crazy ideas we thought were dead, like eminent domain, and they're not necessarily dead. this will

dominic chu has more on that. happy new year, dom. >> happy new year, carl and gang.will be a huge year. the ipos can do relatively well. according to renaissance market to tracks this market, 300 ipos priced $100 million or more, over 100 more than last year. among the better performing ones, take a look at some of these. the container store up 155% since it went public. a lot of people want those storage or tupperware containers. up next, voxeljet. and another one, gw pharmaceutical and another cancer company here up 400%, insys. we could expect a lot more of those to come up, if the market stays stable, names expected names of king.com, the makers of the candy crush video games and coupons.com, coming out possibly in 2014 if the markets stay stable, solid and economic improvement, we could see a lot more ipos coming up in 2014 as well. >> thank you, dom. when we come back, we'll take you live to tokyo in just a moment. [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce them

but they've not managed to stay under the radar of our own dominic chu, who brings us more on them now. dommon. we wanted to take a look at some of the big-name stocks that are out there that haven't been the momentum names we've been talking about, so we picked out three of them to give you an idea that there are other big-name stocks making moves that you should put on your radar if they're under your radar right now. the first one is archer daniels midland, one of the biggest food companies in america. the stock is up 55% year to date. and if you look at just this month in december, it's had a pretty decent move in the last week and a half or so. it's up about 5%. not too shabby for just the first couple of weeks, so adm. another one is the world's biggest making of computer chips, intel, up about 20% year to date. yeah, it's lagging the market. but if you take a look at what it's done for the past week or so, it was the best-performing stock in the dow jones industrials average, and some analysts/investors are getting more bullish on the company's prospects in the pc market, believe it

chu now. he's been looking at the biggest names in business and politics and what they really want for christmas this year. dom>> bill, i mean, i just may be wanting the xbox one under my tree, but some of the big leaders of the world probably want something even more significant. let's start off with all i want for christmas, and vladimir putin edition, and all he wants is for the sochi winter olympics to go off without a hitch, and he wants them to have no boycotts, maybe have a few more g-7 leaders show up, remember, moscow needs good, positive press. the stock market there is down 5%. another big one is elon musk, behind tesla, solar city. he wants to sell a heck of a lot more model-s cars despite the fires. they want the positive press to come back and they want to sell a lot more of the -- possibly more than 40,000 of the cars. remember, tesla shares are still up about 350% so far this year. and finally, how about one guy that probably is going to have a little bit of a christmas break now, former fed chairman ben bernanke, or he's on his way out here, what he wants for christmas is to never have to go t