for "nightly business report", i'm morgan brennan in new jersey. >>> finally tonight, friday the 13th turns out to be a lucky day for ben bernanke, it's his 60th birthday but he'll have to put off celebrations as he winds down his second and final term as chairman of the federal reserve, he'll decide next week whether to wind down the stimulus plans, and in another month, the former economics professor at princeton will lead the fed but no clues where he is headed next. from your friends at nbr, happy birthday ben bernanke and many more. tyler, i wonder what wish he'll make out when he blows his 60 candles? >> next week they celebrate the 100th anniversary of the fed itself and the three living chiefs will all be there. of the three, i think bernanke had the toughest hand to play. bosquer had -- >> he had -- >> there as well at the end of the 1970s and early '80s. >> we'll be talking about all of that next week. and i hope all of you tune in next week. that's "nightly business report." i'm susie gharib, thanks for watching. >> thanks from me, as well. stay out of the snow, get in the

morgan brennan has more. >> reporter: feel yourself for a rebound in steel? strong auto sales, the u.s. housing recovery and a flood of orders for long-lasting manufactured goods all helping push demand higher for the hard-hit commodity. experts say global appetite for steel could grow in 2014. >> as we head into 2014, we're looking very positively at the demand side. we expect that you could see demand as much as 6% to 8% higher led by nonresidential construction. why does that matter? steel is one of the industries hit hardest. as construction ground to a halt and as the auto industry faced bailouts. nearly five years later steel has yet to recover. but stronger economic growth in both the u.s. and in europe could be leading the way for steel's long-awaited rebound. adding more proof that a recovery is here to stay. ratings firm moody's recently upping its outlook for the industry to stable. saying steel saw its bottom earlier this year. and investors seemed to agree. several steelmakers posting strong stock gains in the final days of 2013. united states st

morgan brennan joins you with what looks like a quick response for the white house. is it true?y. actually the white house has been working on revising the nsa program for a few months, but that meeting with tech leaders like apple's ceo tim cook and sheryl sandburg yesterday probably greased the bheels. a panel recommended that the nsa no longer keep a database, and also called for much more restrained when it comes to tracking foreign leaders, but these recommendations are just that. the obama administration said it will announce what changes it will actually make. also late today, a federal jury found former s.a.c. capital fund manager michael stein berg guilty. he faces a heavy prison term when sentenced this spring. legal experts believe this will increase pressure on matthew martoma, another former manager to finally cooperate with prosecutors and help them go after steven cohen. >>> we know one of the winners of last night's massive $648 megamillions drawing, a stone mountain, georgia woman claimed the prize late today. she is described only as a married mom. her half of

morgan brennan is on the case. hi, morgan. >> hi, thanks, tyler. diabetes pay be at the center of this deal, but it's another disease that's powering the move, cancer. bristol-myers saying it's focusing more on its oncology franchise. what does that mean? the giant is plowing its resources between treatments that harness the body's own immune system. die jeets has gotten a lot of attention thanks to its ballooning epidemic status. according to evaluate pharma, spending on oncology treatments totaled $84 billion in 2012 glob globally. and the number is expected to grow at about 8% a year. a bristol-myers spokesperson says the company will look for new opportunities in this area. so could some of the cash pile be tied to the diabetes deal be put to acquisitions of cancer focused biotech companies? if other deals this year are any indication, then yes, it's likely. we've seen other pharma giants gobbling up oncology-centered techs. to name a new, amgen and astrazeneca. >> morgan, thank you very much. to dominic chu for a quick "market flash." >> check

cnwc's morgan brennan joins us with information on the lawsuits the store is already seeing. good morning. thank you. yes, target's general counsel met with several states attorneys general to discuss the retailer's massive target breach. they face 15 class action suits and they want the u.s. trade commission to investigate the incident. >> morgan brennan at cnbc. thank you for that. appreciate it. >>> and we are talking weather now because we've got some weather to talk about. changes coming. it's cold. >> look who came down the nbc 4 chimney to anchor this morning, barbara harrison. so great to have you with us. >> so great to be here. not so great to be up early this morning but i get to see all my friends here, my early morning friends. >> merry christmas. happy new year. >> don't forget i'm back here at 11:00 a.m., midday. >> we'll be here all morning to get people through the morning. a lot of shoppers may be heading out right now and as you're heading out to hit the roadways or traveling, no traffic problems locally. there's a beautiful blue sky at dawn in washington.

morgan brennan is on the case. morgan? >> these are master limited partnerships.hey've been one of the best money makers of the year. will they be a great place for your money in the new year? more "power lunch" in two minutes. (vo) you are a business pro. seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicati

morgan brennan tracking it all. joins us now. >> thanks, kelly.er united therapeutics surging 30%, after receiving unexpected fda approval for a blood pressure drug that was twice previously rejected. analysts raising price targets on the company. home builders building momentum thanks to kb home getting an upgrade. citigroup upgrading the company too neutral. shares up more than 7% today. and skullcandy getting some sweet news. just in time for the holidays. roth capital raising recommendation on the headphone maker to buy shares of skullcandy popping 12%. can we say music to investors' ears? >> that's for sure. thanks very much. speaking of skullcandy stock, sizzling today, and its products seem to be hot as well this holiday season. joining me exclusively is skullcandy ceo hoby darling. thanks for being here. >> it's my pleasure. thanks for having me on. >> what can you tell us about sales this holiday season? >> overall, we're hearing from retailers is definitely if you have innovative product where we've told a great story around them, doing

cnn's morgan brennan is joining us.t's december 13th but clearly people don't feel lucky. >> reporter: we are seeing that jackpot grow, definitely growing. $425 million it jumped to today. that's a lump sum take-home payment. there are new odds. before october you had a 1 in 176 million chance at winning. after the change, a 1 in 259 million chance. some perspective, you've got a better chance at being killed by a falling coconut and the changes have worked. the jackpot has rolled over 20 consecutive times but that's not stopping people from buying here at eagle liquors. people believe to be lucky. in march, pedro bought his powerball ticket here and while that may sound like a dream come true, he's in court battling it out with his former long-time girlfriend over those earnings and he faces accusations that he broke promises to pay neighbors' rents. that's not stopping me from dreaming big. i bought this here today myself. i hope that lightning will strike twice. larry? >> by the way, thanks to morgan and seema mody.

. >>> i'm morgan brennan with your cnbc market wrap.he dow surges 292 points to a record high, thanks to the fed. the s&p jumps 29, also finishing at a record. and the nasdaq gains 46 to settle at a 13-year high. the catalyst for today, the central bank's decision to taper monthly asset purchases by $10 billion starting next month. meanwhile, housing starts soared to their highest level in nearly six years. and shares of theater operator amc jumped 5% in their first day of trading. that's it from cnbc, first in business worldwide. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve

. >>> i'm morgan brennan with your cnbc market wrap.pped 52 points, the s&p last 5 and the nasdaq down 8. a sign the job market is improving, the number of job openings jumped to a five-year high in october. up to 3.9 million. wholesale inventories up 1.4% as businesses restocked their shelves. gm, meanwhile, has named mary bara as the company's first ceo, also the first woman to head a major car company. that's it from cnbc, first in business worldwide oh. tro of pr. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all.

our own morgan brennan is here.ay it's not just industrials, per se, but steel in particular. i thought we left steel back with the department stores we were just talking about. >> yeah. you know, steel got -- it was one of the industries hit hardest in the economic downturn. it has yet to recover. 2014 might be the year we're starting to see some -- >> why? >> -- more positive signs. a few reasons, strong auto sales. that's a big demand for steel there. we're seeing housing rebound. we're seeing construction start to come back. one of the big questions next year will be whether nonresidential construction can come back because that's such a big piece of the market for steel. likely that will happen. another reason we've seen the durable goods orders starting to tick up. all of these positive for steel. the question moving forward will be whether prices can rise with that demand. >> what's been happening with steel stocks, and what will they do next year? >> steel stocks, we've seen some interesting movement in the

. >>> i'm morgan brennan with your cnbc market wrap. the dow jumped 129 points today.he nasdaq gained 28. industrial production rose 1.1% in november, driven by a surge in auto production. it's the single-largest month increase in a year. gm says it will invest nearly $1.3 billion at five u.s. plants to produce higher-quality trucks, engines and transmissions. meanwhile, shares of exxonmobil jumped 2% after goldman sachs upgraded the oil giant from neutral to a buy. that's it from cnbc. first in business, worldwide. ♪ as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way, rethink how you're invested, and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. [ male announcer ] welcome back all the sweet things your family loves with 0-calorie monk fruit in the raw. ♪ welcome back [ male announcer ] it's ma

morgan brennan, what is driving this post-christmas rally today? >> tesla keeps on trekking.mbing about 2.5% today after the national highway traffic safety administration reaffirmed its five-star safety rating. that report separate from the administration's investigation to recent car fire incidents. the stock is trading up more than 8%. on monday e-bay shares falling today, down by 2%. likely cause a report from channel adviser showing holiday sales were up about 10% in thele holiday season versus a much heftier 30% for the five days associated with cyber monday. twitter social media giant coming off from its intraditionay high. >> we traded 2 1/2 days this week. >> trading about 75 million shares on what was roughly 80 million float of shares going back to the ipo. >> our favorite stock to talk about. so is the twitter rally sustainable? should you be betting on it now? neil, make the case for twitter at these levels. >> there's a number of reasons why we're still bullish on twitter. we did a survey of 1700 twitter users fairly recently and over 90% of them said they will

aetna, and for that, we introduce for the first time, i think, on "squawk on the street," our morgan brennanthe health insurance giant will double its revenues by $100 million by 2020. actually, double to $100 million. and bertolini thinks that's a conservative estimate. aetna is pegging the growth to a combination of things including medicare advantage, medicare expansion, and perhaps most interestingly, private exchanges, which bertolini believes will host 75 million enroles by 2020. he also says he doesn't expect obama care to go away. that the midterm elections will likely result only in changes and improvements to the act. back to you, kayla. >> all right. thanks so much for that. i know a lot of people are watching the insurers with regard to the aca. a big development there. thank you, morgan. >>> elon musk is speaking out at a dell conference in texas this morning. phil lebeau is live to tell us what he had to say. >> we always want to know what he has to say, and in particular, because of the nhtsa investigation into the safety of the model-s batteries. here's a taste of what's goin

morgan drawing, i believe, is tonight, morgan brennan at a liquor store in new jersey where the last mean more people are going there or fewer do you think? >> i think we're seeing major foot traffic here, we're at eagle liqueurs. they were the sellers of the winning powerball ticket. $338 million back in march. they actually sold other winning tickets, notably scratchoffs since then we've seen right now, as you can see here, 1,064 tickets sold. to put that number in perspective, a mere 45 minutes ago, the number was 850 tickets, and around lunch time, that number was 400 tickets. seeing a lot of foot traffic, what is notable here, the store owners tell me, that power balls always had a huge appetite regardless of the size of the jackpot, megamillions. the jackpot being this big, it's now got just as big an appetite among ticket buyers. >> wow. morgan, by the way, am i right, it's tonight, the drawing, yes? >> the drawing is tonight at 11:00, $425 million, the cash buyout is 220 million, before taxes. and i've got my ticket right here. i'll see if lightning strikes again. >> yeah. we

morgan brennan has the latest. >> thanks. target now confirms debit card p.i.n.compromised, which hit 40 million customers. these numbers were stolen in addition to the previously reported track data the information stored in a card's magnetic strip. target insists the data encryption will keep those p.i.n.s protected saying quote, we remain confident that p.i.n. numbers are safe and secure. the p.i.n. information was fully encrypted at the keypad remained enkrissed within our system and remained encrypted when it was removed from our systems. raj samani says target's analysis of risk related to stolen p.i.n.s seems correct. triple des encryption is strong and there shouldn't be any reason to change your numbers. mark rogers from lookout says there's no such thing as permanently strong encryption. he says, in my world there's no such thing as permanently secured encryption. one process is called hashing, which turns your p.i.n. into random numbers. it cannot be reversed. rogers says this method is favored by his colleagues in the security industry and believes ha

morgan brennan has more on this. hey, morgan. >> hey, thanks, yes.ctor in the s&p 500 right now at the moment. in that we're seeing strength among defense companies. three defense stocks hitting all-time highs. they're all up around 1% as the stocks add to strong gains this year. kelly? >> all right, morgan, thanks very much. >> as you all know, 2013 was a tumultuous year across the war -- with the war in syria raging, riots in turkey, syria, and what are the potential flash points in 2014? michelle caruso-cabrera has already worked a long day, back at hq. hey, michelle. >> yeah, we'll start here in the united states with puerto rico, because of its status as a national territory has similarities to an independent sovereign nation. they've been priced out of the market. they'll need to borrow before the summertime. the question is, how much, and will the markets lend it to them at a decent enough rate for them? if not, they're going to be in trouble. they've done massive teacher pension reform signed into law today. we'll see if that calms the market

morgan brennan is live in new jersey. she has the answer. morgan? >> hi, thanks.lion jackpot. that breaks down to $216 million lump sum before taxes, and a $145 million chunk of change after uncle sam takes his cut. that nine-figure fortune is the result of the mega millions lottery changing up its format in october. hiking the odds of hitting the jackpot from 1 in 176 million to 1 in 259 million. to put that astronomical number in perspective, you have a better chance of being struck dead by a falling coconut than of winning tonight's mega millions grand sum. indeed, since the mega millions upped its odds, no one has won the jackpot. it has rolled over 20 times. now, as we've seen with past lotteries, when the jackpot's this rich, expect a last-minute wave of hopeful ticket buyers to throw their dollars down, as well. in fact, the new jersey lottery commission is jumping on a call in the next hour to see if all of the buyers will result in an even bigger jackpot. now, i'm feeling a little lucky myself. i'm even looking to push the odds a bit, so i'm going to buy