labor departnt says the econy added 204,000 jobs in the month of october well above expectations and in spite of th two-week shutdown. unemployment rosto .3% and the numbers from previous months were revised upward. >>the most eagerly waid ipo, the initial publi offering since facebook started tding. it soared to $75. a 70% increaseo where it was priced at26 a are. all went smoothly at the new york stock change. a contrast to the problems facebook had on theasdaq. >>> ththird quarter gdp measured 2.8%. that was wl above the 2% expected. the st reading in two years. >>> gasoline pricesave been tumbling. the avege around $3.25nd in somereas below 3. the reason, u.s. oil pruction is booming and the middle east is ratively stable. >>> a busy week for t market's nerecord. thbig ipo and the jobs report. what does it mean f your money? joining now is larry kantor and nathan bachrach. good to see you. >> thank you. >> it was a etty good week. the job'seport on friday, big surprise. 204,000 jobs created for the month given the government shutdown the expectations wer so low. unemployment at 7

ere'no cfidee inhis econy. noonfince theirecon thi untr and 's relecte. anthisoulde thfinanail thacoff. >> ion'tnow w y dr t corratiobetwn th a a slowwn i holay slesight now. wel let m -- i can it. let me tlyouyou roga goodor nhing [ lahter >> y're payg reor premms,youillhave to pay le -- opleon'tave ur nd omone >> iamnot ahater. i am telli y -- do you think it will affect holiday sales? yes or no? >> mr. neil, you are speaking out of both ends of your mouth, and here's why. on one hand you're saying that the plan isn't going to work. >> no. all i'm asking, will it impact holiday sales? yes or no? >> no. i don't think so. >> that's all i need to know. dagen? >> yes. >> jeez, what is up with you guys? it's like mutiny. go ahead. >> we had the run of the place when he was in charge. that's why. >> well, because it who are being dropped, have to buy different insurance at higher prices. even if they aren't writing the check right now or right before christmas, they are going to look ahead and say, hey, i have to pull back. i have to adjust. i'm paying x amou

>> i'd like janet yellen.n, the econy is not strong enough see employment issues we have talked about before. they continue. we do not have a robust recovery we don't have rising in, cover the real inc income change of this latest change is in years zero at half a point. instead has no choice until they can reach a place to access. it is great to be on with nic jason i have not seen him in a while. gerri: i will plays somesh audial because she will be the next fed chairman. c >> it is important not toot remove support especially when the recovery is fragile and the tools available for monetary policy should the economy falter given with the short-term interester rates are at zero. gerri: goodness gracious ity could be making a bubble somewhere with a free andre easy money floating around?, >> the first thing is theom median price of a home is pretty close at 300,000. there is 400,000 built perg year and the fed buys that much with mortgage backed securities every three months.d when you buy four years' worth of paul sinkhole home yea in the country it isou c creating a bubble you can

hey can make money as cheap as they want, but if the econy is not strong in the demand is not there,nts the money and that is the problem that the banks are facing right now. we are bringing our deposited and no one wants to borrow it. gerri: so they are not making mortgage loans were very few, a lot of the banks have abandoned that business together. now they want to charge me even more for a silly checking account. at the end of thday, i feel a big don't want to have you as a consumer. what would it mean to the major big banks to have consumer individualsoing elsewhere? >> many are willing to be patient. they hope that they wil be doing so in the future but that's not a sustainable business model for the banks in general. when you look at the fact that they are dealing with regulation , they are working on it with a lot of headwinds right now as well. gerri: i want t ask you about something. i know you talked to a lot of important big bankers. he aid there is just too much uncertainty in the economy and you can tell by looking at the spread between the 30 year treasury and the five

>>eporter: under soon to be fed chairmananet yellen, a fed policy that propped up our econy and financial markets for months. you see, quantitative easing or qe occurs when a central bank like the fedssentially creates new money. in this case, $8 billion a month. as you see in this investepedia explainer, thatoney is used to buy bon and other finanal products from banks which in turn loan out the cash, deepeningeveryone'sockets and spawning an atmphere where businesses and consumers are spending. but the fedan't jt kp creating money forever. so what happens when it stops? >> and in that case, the interest ratwill start >> what hpens when interest rates go up? >> when intere rates go up, prices will g down and market prices will go down >> there's a correion coming? >>here will be some corrections. >> reporter:he extent of a stock market drop wi kpend on how high interest rates jump and remain.lthy corporate earnings ma no mistak a correction is coming. >> the stocks are quite high. i mean, the marke is hi. it's nots -- but i is high. i assume that the expectations is for the stock market