they missed estimates, but gentlemen, and mark newton, you start with this one first. i like, and we see the dow is up 41 points, once again a record. i'm not going to ask you that same question of is the rally stretch, but more importantly, what's been a ceiling for the s&p 500? because this market marchs higher. >> we've all talked about the this before, we're nearing the one-year anniversary of last year's lows. so we're up about 32% since then. so an amazing move in the last year led by consumer discretionary. yesterday after the testimony was leaked, the market broke out, and we have continued higher. we're already overbought again in the very short term, but volume is really lacking. not where we want to see on this. and really the fact that yellen all of a sudden is now this super dove that everybody expected, she towed the party line, this doesn't really answer think of the questions and hasn't really alleviated any of the concern about the market getting frothy. this is the opposite of what everybody wanted to hear. we need to have some sense of when this tape

. >> in fact the previous ceiling according to mark newton was 1795. we're not too far from that. time for the front page headlines. fed chair nominee janet yellen signaling, it would be quote, steady as she goes for fed policy if she is confirmed as chairman n the testimony before the senate banking committee, that it is important for the fed to do what it can to insure a strong recovery. david: charles plosser said the central bank should have a sing mandate of fighting inflation. instead of dual focus of inflation an unemployment. liz: the number of people applying for first time jobless claims fell. the total dropped by 2,000 to 339,000. david: walmart stock little changed today after the retailing giant lowered its full-year forecast. walmart customers facing continuing economic uncertainty. many are shopper at cheaper dollar stores. liz: shares of another bigger retailer, kohl's getting hammered after it cut forecasts. lower profits. same-store sales fell disappointing analyst who is had predicted a small gain. david: president obama backed down on a key part of the affordab

adam: mark newton, all the best. >> my pleasure. you too. billion mark, the eye-popping mark for the unfunded employee pensions of the state of illinois. adam: we have the director of teachers retirement system in the state of illinois will join us on the threat to current retirees. that's next. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what ppened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what ', so we can all produce energy more safely. our commitment has never been stronger. adam: illinois governor pat quinn calls his steak gigantic debt burden, an extreme emergency. $100 billion in unfunded public pension liabilities and growing. the illinois general assembly meets today and tomorrow but nobody expects law makers to tackle the d

even the market for initial stock is heating up, that can be interpreted at bullish industries, mark newton is keeping a close eye on stocks, they have been under-performing lately and that may indicate that stocks could be due for a pullback. paul hickey is looking at the market sentiment, saying that one indicator to watch is the investment's intelligence survey, saying that 85% of the responses are bullish. the last time it got to that number was back in may, and the s&p dropped. the important thing to remember is that no one can predict the future. for nightly business report. >>> and as dominic just mentioned, as we saw in today's "wall street journal" many investors are putting their money back into stocks five years after the financial crisis, and just as the u.s. economy seems to be getting a little steam. the individual investor was never far from anyone's mind. after all, the 2,000 registered investors in attendance managed to gather tens of thousands of investors, what i asked walt bettinger what he was seeing in his retail business, his answer was a surprise. so walt, there is t

mark newton on the floor of the new york stock exchange. rday we hit the milestone of 16,000 on the dow, that is a psychological level but is it interesting to you or telling you that we're steering quite clear of that milestone today? >> second time we tried to push above 16,000 and we're selling off. indices rallied 27 out of the last 28 trading days. we're geting a lot on at love measures. interesting starting to see transports role over a little bit. transports at four-day lows. vix trading higher than the six or last seven trading days. lori: that is telling, that is forward indicator the transports? >> you're absolutely right. dow jones transports gained about 800 points since october 7th. that is 12 1/2%. that is much bigger than the market at all. we heard signs of bubbles. now carl icahn yesterday and baron's cover over the weekened and "wall street journal." interesting from a contrarian standpoint when you hear all the people talk about bubbles, rarely are they successful catching the exact top. but the market is quite overdone as

mark newton of grey wolf execution partners is in this and joins us. i was reading a report that a lot of bank stocks are going to have to deal, jpmorgan chase, wells fargo, with equity lines of credit going a bad to a greater degree next year expect year after that. of are we seeing any of this reflected in bank stocks just yet? >> well, surprisingly, i mean, bank stocks have been some of the best performers for the month of september, and we've seen a rally just in the last month for financials, really the third best so far, and they have, of course, led year to date. if you remember, they've been suffering really since july, since interest rates started to take off and continue b to under pressure. so as long as that trend in interest rates is higher, it's doubtful that we can see in my opinion too much further outperformance in the financials. i think we probably will stall out sometime in the next couple days, honestly. a lot of them have moved just too far too quickly. so a lot of stocks like goldman sachs, for example, american express, jpmorgan,

mark newton, gray wolf execution partners on the floor of the nyse. rk, you have the dow and s&p both touching new milestones today. >> that's right, dennis. historic milestones. dow not too long ago was at 15,000. now we're at 16,000. the s&p at 1800. what does it all mean? the numbers are not that important. last few years only number that matters, prices can cluster around these levels. people enjoy round numbers much more so than odd numbers. dow 16 sounds a lot better than dow 15,981. the market is pretty stretched at these levels. one thing is interesting, emerging market are start to participate again. outperform over last few days. financials as well which have been a real laggard over last couple months. we're seeing steepening in the five, 10, yield curve. financials are starting to get a nice bid last week. dennis: we took 66 days to debt from dow 14-k, to 15-k. took 166 days to go from 15,000 to 16,000. is the last gasp of a tired bull or start after new leg up where optimism means more optimism? >> i owe you dinner. i didn't think we would

than the other big topic, technology, mark newton on the floor of the exchange with more. >> relative a lot of companies turnaround and despite the weakness, cisco or ibm there are a number of stocks hitting new territory, small caps yesterday reversed as well as yield censored stocks pushed down with interest rates moving higher starting to rally a little bit but technology continues to be one that is a good risk/reward more so than other groups like consumer discretionary industrial setting new highs. connell: big names including yahoo! second from the bottom ordered from the top. martin, thanks. dagen: the digital age of education. one west coast school district is making an investment in technology for students after the break. connell: a lot of money to be made there and also keep an eye on markets that mark newton is talking about. look at the winners on the nasdaq speaking of technology. white house, the president is late in his comments about the obamacare fix as we are calling it. we are waiting to see what he will say, your favorite tv network correspondents, still waiting f

mark newton, thank you for your time. >> thank you. snap chat there is another thing money can't buy, proper grooming. san francisco giants closers brian wilson turned down an offer from the new york yankees due to their strict facial hair policy. for decade now the yankees had a policy that does not allow for hair below the lip and facial hair must be contained to mustaches only, a policy wilson clearly violates. lori: it's a distraction. i get the dress code thing. adam: kind of looks like a beehive. see, riply's believe it or not. lori: kind of looks like moses. or zz top. >> cue cecil b. demille's music and we're off. lori: how can you make some money off those things lying around in in your house? adam: founder of online high-end consignment store, the real reel shows us next. ♪ ows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors ev

a technical analyst, mark newton at gray wolf, he heeded our call and gave us three sectors. is consumer discretionary the single best performing sectors this year in the s&p, newton says a number of statistical momentum indicators are showing signs the sector is overbought. it means momentum to the upside could be exhausted. the second sector is health care. he's seeing signs of deterioration as well and weakness in biotechs an insurers that are subsectors of this that are warning signs. watch health care. an the third is industrials. momentum appears to be slowing for the transportation stocks in particular. now not coincidentally these three sectors are the best performing sectors this year, so newton says keep an eye out for winners that lose a little bit going forward and losers that tend to gain a little or something called mean reversion. back over to you. >> it seems for every day we drop in stocks like yesterday we get two or three up days in return. the s&p 500 up 24 year to date and valuations also largely continue to rise. so how do we still find great opportuniti

mark newton's with gray wolf, he joins us from the new york stock exchange.is week? >> when you talk about round number milestones, the nasdaq comp is setting another milestone getting over 4,000, and that's the highest level since september of 2000. despite the fact that these markets have rallied quite a bit, they continue to be resilient. the dow up nearly 26.5% so far this year, the nasdaq up 32%. really, really incredibly resilient this time of year, and, you know, a lot of people think this market's a turkey, but we haven't seen any signs of faltering, so a lot of focus on housing in this week and, obviously, the retail coming into one of the more important times of year for the retailers. we'll have to see how that pans out, but this morning we saw the fifth consecutive monthly decline in pending home sales, but it hasn't put a dent in the market, the market's still showing good signs of gains early on. connell: stocks are so far, the dow 16,000 and change, nasdaq just a little below 4,000. mark, thanks at the thank. new york stock exchange. we have, j

mark newton think it is might bounce back next week. twitter, new low. watching in the $42 range. it is starting to bounce back. don't forget yesterday it moved above 50 bucks. it was a 26-dollars ipo but still looking pretty good in the long run, doesn't it. dagen: long run, one day. not anywhere near facebook, twitter. no earnings. connell: let's not be a hater. so early in the day. the u.s. economy, this is good news, added 204,000 jobs last month, well above economist expectations. unemployment rate ticked up to 7.3%. the shutdown effect is the big question here, fourfurloughed workers during the government shutdown, effect or lack of effect. dagen: joining us to weigh in, frank friedman chief investment officer of deloitte. we have a deputy chief economist at mesereau financial. gentlemen, welcome to both of you. a doll foe, are these the numbers we can put up month after month year out? >> if you look at gdp report yesterday you would question that for one day let's take good news. i think short term the economy is taking jobs. private sector is showing some resilliance, pro

entertainer wayne newton's mansion is up for sale, and the price has been marked down, yes, cut.eady? you can see if you want it. the property was originally put on the market for $70 million, but the price has been slashed, as you see, to $48 million. this estate sits on 36 acres and has eight separate homes. eight separate homes. now, remember, bernie madoff's penthouse apartment with three bedrooms is 17 million. the main house has three bedrooms, six and a half bathrooms, the property also includes multiple swimming pools, horse stables and tennis courts plural. but if you get bored of entertaining inside one of those eight homes, take the party outside. there's a passenger jet just sitting there, a focker f-28 just to kind of hang out in and pretend you're a flight attendant. it also includes its own airport terminal with plenty of space for a party. but i don't think that jet can actually take off. we were looking into that. [laughter] can't actually take off. okay. speaking of parties, time for a house warming party. two companies moving in together in the latest home buil

newton and colin kaepernick. they actually room together at the combines before coming into the nfl as they will be going against each other. >> all right, mark, thank you. >>> we've been telling you about the problems with the bay bridge. but what about their famous neighbor the golden gate? tonight we're looking into the all-electronic polling that will be making it harder for them. >> we are always here for you on facebook and twitter as well. thanks for joining us. have great evening everyone. good night. i want you to know stuff i want you to be kind. i want you to be smart. super smart. i want one thing in a doctor. i want you to be handsome. i want you to be awesome. i don't want you to look at the chart before you say hi...david. i want you to return my emails. i want you to keep me doing this for another sixty years. at kaiser permanente, we want you to choose the doctor that's right for you. find your perfect match at kp.org and thrive. if you do something today. and there's never been a better time because this year, devry university has $45 million dollars in need and merit-based scholarships and grants available to those who qual