next we have steve bell who director of ior economic policy. on the that steve worked staff of senator pete and budget 1981 to 1986 and last but not least we have bob, he executive tkroebgter of the concord coalition. he served a member of the debt force, also no one as the commission who pro a solution for addressing the fiscal challenges. with that i'll pose the first panel and each of the panel will have ten minutes to answer and open it up for questions. what do you is, see as the major opportunities for progress in the upcoming can lawmakers w best take advantage of them. we'll start with mark. here and ou for being thanks to the concord coalition nd ben for organizing this event. i have entioned substantial experience failing a grand bargain. the concept was relatively traightforward and it was a concept that was pretty broadly to.eed would have to agree o cut the excesses out of defense and non-defense and democrats would have to's agree the entitle programs while do so by programs. republicans will have to reform by cutting the 1 trillio

steve: squeeze them! [bell] >> eat them. steve: eat them. [bell] >> we're going to play, steve!: they're going to play. audience: [cheering] steve: well, brit, let's get to it, name something the pillsbury doughboy likes people to do to his buns. >> butter them. steve: butter them. >> good answer! steve: butter. [buzzer] audience: aw! steve: that was a good answer. miss minnie, the superstar. >> yes, darling. steve: yeah. name something the pillsbury doughboy likes people to do to his buns.

steve: how much do you weigh? [cheering and applause] [bell] >> your age. steve: your age. plause] [bell] pass or play? >> we're going to play, steve. steve: they're going to play. [cheering and applause] tiffany, what question should you never ask someone else? >> are they pregnant? >> good answer! steve: wow. [applause] that's a very true statement. >> thank you. steve: pre...pregnant! [laughter] [bell] [cheering and applause] latasha. great job, pretty smile, nice, got the little package together. can i get a husband?

steve: their grandparents. [bell] >> their parents. steve: their parents. ng and applause] pass or play? they're going to play. [applause] hey, tiffany, let's go. name someone a cool teenager wouldn't want to show up at their party. >> their neighbor. steve: their neighbors. [applause] [buzzer] audience: aw! steve: latasha. >> yes, sir. steve: hi, darling. what do you do? >> i actually go to other people's jobs and tell them how to do them better and what they're doing wrong. this is what i do. steve: have you been married before? >> i have not. not married, no kids. steve: oh, wow. whoo! [laughter] steve: go and get you some, latasha, hey. >> but i just need to clarify

mixing of steve said bell senior director of economic policy. pregnancy were from a staff for senator pete domenici and served as staff director for the senate budget committee from 1981 to 1986 and last but not least we have bob bixby. bob served as the debt reduction task force also known as the domenici rippling commission which proposed a bipartisan solution for addressing fiscal challenges. without i will post the first question to the panel and each panelist will will have tim and his answer then we will open it up to the audience for questions. that question is what d.c. is the major as the major opportunities for progress in the upcoming congress and how can lawmakers to best take advantage of them and we'll start with mark. >> thank you everyone for being here and thanks to the concord coalition and ben for organizing this event. as ben mention they worked on the simpson-bowles commission and the supercommittee so i have substantial experience failing to achieve a grand bargain. [laughter] the concept of the grand bargain was straightfo

ist we have steve bell who the executive director of economic policy at the group, andpolicy then we have bob bixby, executive director of the concord coalition. he proposed a comprehensive bipartisan solution to address the nation's fiscal challenges. with that i will pose of the first question and then we will open it up to the audience. the first question is what do you see are the major opportunities that lawmakers can take advantage for the economy? thank you for the concorde coalition and for organizing this event. it has been mentioned that i experiencential failing to achieve a grand bargain. the concept of the grand bargain it was relatively straightforward and it was a concept that was pretty broadly agreed to. there was broad agreement as to what this agreement should look like. both sides would have to agree to cap's that would restrict growth on both defense and nondefense, and democrats would have to agree to perform at the entitlement programs. republicans would have to accept reform that would raise changes, andx code they would use the money to reduce rates and simpl

steve: the hug, okay. it's the embrace if you're writing children's books. [laughter] hug! [belle: nilaja. >> yes. steve: hi, okay.

next we have steve bell who is the executive director of economic policy at the bipartisan policy group, and then we have bob bixby, executive director of the concord coalition. he proposed a comprehensive bipartisan solution to address the nation's fiscal challenges. with that i will pose of the first question and then we will open it up to the audience. the first question is what do you see are the major opportunities that lawmakers can take advantage for the economy? >> thank you for the concorde coalition and for organizing this event. it has been mentioned that i have substantial experience failing to achieve a grand bargain. the concept of the grand bargain it was relatively straightforward and it was a concept that was pretty broadly agreed to. there was broad agreement as to what this agreement should look like. both sides would have to agree to cap's that would restrict growth on both defense and nondefense, and democrats would have to agree to perform at the entitlement programs. republicans would have to accept reform that would raise additional tax code changes, and they wou

[applause] steve: yup, money! [bell] [cheering and applause] pass or play? oing to play, steve! steve: they're going to play. [cheering and applause] louie, what do you do, man? >> i'm a detective in the new york city police department. steve: cool. i like detectives, man. i work well with detectives. 30 years ago, i'd be sweating, right now, my man, louie, the detective. >> [chuckles] steve: are you ready to play? >> i'm ready to play. steve: all right, louie, we talked to a hundred men, fill in the blank. i wouldn't want to date a woman who had more "what" than me.

steve: you're changing my diaper all wrong. [bell] >> whoo! >> let's play! >> we're gonna play. re gonna play. good. all right, ervin, this is for the car, man. >> yes, sir. steve: no messing around. >> steve, first, i brought you something. can i show it to you? steve: oh, ok. >> ok. i mean... look. this is a picture of my father back in the civil rights movement, and this

quaalcomm ceo steve mollenkopf will be live on "closing bell." >>> target shares moving up at this hour. the retailer reporting a surprise rise in third quarter profit beating estimates. right now the stock up a big 4.62 a share. that is almost 7%. it has been nearly a year since a compromise in a massive data breach. how is the retail giant doing since then? courtney reagan joins us from minneapolis. >> reporter: that's right. it's a big day for target and a big day for ceo brian cornell. today marks his 99th day as ceo. the company is earn itting in a very strong third quarter earnings report beating earns and topping revenues. not everything was as good as target had hoped. target canada remains an issue that ceo is watching closely particularly this holiday season. take a listen to what he had to say when we spoke to him less than an hour ago. >> the next six weeks are critically important to see how the guest connects with our brand. i'm going to analyze and assess every single store in canada but every store has to improve. we are seeing performance improvement but we are way behi

just a programming note, steve mollenkopf on "the closing bell" in the next hour here on cnbc. >> thankou for now. >>> also liberty media with the annual it was or the meeting today in new york city. >> david faber is there and joins us with greg faffei. it's all yourls. >> thanks a lot, bill. wrapping things up here with the ceo of liberty media, greg maffei. we're up out of time. we have to go to a board meeting. can we start with liberty ventures? i mean, you know, people are always -- you're reintroducing yourself in some ways because the company changes a lot in various tracking stocks but liberty ventures, you have a lot of cash there and i wonder, when are you going to put it to work? if so, in what areas? >> well, we have been building a pile of cash partly because our belief is that larger deals, ability to write a larger check, have the cash on hand to write that check are more attractive but we don't feel compelled to swing the bat any given day. we'll wait for the pitch that we like. in general before the pitches we have liked, you know, as a history of liberty is we have li

steve forbes. lot of things coming up this hour. "after the bell" starts right now..: another name for the history books here, the dow industrials for today ne

bell. we're following the breaking developments in ferguson, missouri. stevee from clayton missouri where the grand jury has been meeting and apparently there will be an announcement in whether to indict the police officer in in the shooting of death of a ferguson teenager over the summer. why you need to stay tuned to fox business, charlie gasparino joining me in a fox business exclusive with information about the 40 billion-dollar aig lawsuit. will the largest shareholder of the insurance giant that became quite infamous during the financial crisis, will hank greenberg really get his win in court? you won't want to miss this information. stay tuned liz: breaking news on ferguson and the shooting that happened over the summer. fox news is reporting a family attorney for michael brown, the teen who was shot and killed by a police officer, says a grand jury decision will be released sometime after 6 p.m. eastern. fox news' steve harrigan live in clayton, missouri, where the grand jury is making its decision. steve, first, what's the latest? >> reporter: the lat

steve will be testing this for us. first of all we have executive producer and brandon bell has a sweet and sour appetizer.hink. >> a little spicy? >> i don't see the spice, it's not kicking me yet. tasty though. >> it is a little different. >> this is brandon's? or his mom's? probably his mom's. >> meek these are your special brownies. >> my long lost uncle ike is in town, these are brownies my wife makes and it is nice to chop up and put it on the ice cream -- ice cream. i don't need to taste them but i will taste them. >> i don't think that, but they are oh tie and finally the eatable cranberry pound cake, she is an amazing chef and brings in really good deserts. >> this is magazine like. it looks good, nice red color. >> yeah, what i am curious about which is this cocktail napkin. >> all right, we will foal cuss on that over the next hour and we will do a little judging to see which is the best. >> all right, that is good and i want to mention we have recipes defendanted -- posted on our web link, just chick on the home page and you can tweet us and they will give votes and i am getting all excited. we

[bell rings] waitress: welcome to denny's! ♪ [ cheers and applause ] >> steve tonight show." we are here playing the tv game show classic "pyramid." playing the game tonight are jimmy fallon and jeff daniels. [ cheers and applause ] ♪ i'm your host, steve higgins. and who are you playing with, jimmy? >> jimmy: he sold over 20 million albums as a member of the jonas brothers. starting tomorrow you can pick up his brand new self titled album. please welcome nick jonas! [ cheers and applause ] ♪ >> steve: whoa! >> jimmy: that's what i'm talking about. >> steve: wowie, kazam! >> jimmy: thank you for being here, pal. >> happy to be here. >> steve: and jeff, who is your partner? >> well, steve, he is an eight-time grammy award winner who is currently performing across the country on "the u.r. experience tour." please welcome usher! [ cheers and applause ] ♪ >> jimmy: unbelievable. unbelievable. >> steve: wow. >> jimmy: unbelievable. >> steve: wow. that's the first time a man has shown an usher a seat. anyway -- here's how we will play. you'll each be picking a a cate

steve forbes. lot of things coming up this hour. "after the bell" starts right now.. liz: another name for the history books here, the dow industrials for today november 21st. a record. let's get into the action along with the s&p. brian boyle of boyle capital says now is the time to buy into which sector? we will tell you. iur capital garrett ryan is here to tell you why you should keep a close eye on commodities, and we may be headed for a global money printing bubble. he is the voice of caution, at least slightly. dan, we begin with him at the floor of the cme. you got to see real action, it was the s&p index which trades right there on the floor of the cme that sees another record. 500 stocks doing beautifully once again, was it china? european union comments. mario draghi comments, what is it? >> the chinese is the most important. on a 40-basis-point move is a real number, that has a positive income and one economy we've been pretty much worried about, there's always been, can we depend on data? what are they doing? this is going to help a lot, especially if it g

so steve, jon, thank you for joining us. thank you for watching. "closing bell coming up next. >>> welcome to "the closing bell." i'm kelly evans at new york stock exchange. >> i'm bill griffith. we will have more on the oil story and midterm elections and how they intersect. gasoline prices below $3 a gallon in parts of the country. unemployment nationally below 6%. the economy growing at a respectable pace and democrats expected to lose power in the senate tonight. why the economic diskent in this election? >> we do have several special guests coming up for this election day, including afl-cio head and two key congressmen. tom price and kiss van hollen. that's all

steve sedgwick in vienna. in the meantime opening bell about to ring at the exchange.at the s&p at the top of your screen. at the big board, the 88th annual macy's thanksgiving day parade, that is santa claus. this year sandra lee at the podium. we'll speak with the executive producer of the parade in few moments. over at the nasdaq, adma buy logics. >> i don't know -- >> more exciting for santa or miss usa. >> yeah. >> down on the floor. >> looking at the ball kofi a little more. >> -- balcony a little more. >> good combo. >> we'll keep a close eye on the names we mentioned. john deere in focus, 1.83, does beat 1.57, revenue ahead but warning on sales for 2015. sees income of $1.9 billion. that implies 535 to 550, street at 634, dramatic miss if that happens. 20% decline in farm sales as these farmers and their incomes -- >> it's corn and soybean. the prices have fallen over the last two years. you saw it with adco when they reported recently. i don't think there's any surprise they're down. >> depend on the buyback and how they're able to massage the eps next year. >

steve carell ♪ [barking] ooh who's a good dog! [barking] hey... whoa! no hard feelings, ok? ♪ crazy good! good morning. morning. [beep] your morning could use a hand. taco bell's and egg a.m. crunchwrap with a hash brown inside. a whole breakfast in one hand. [bong] as strongbow hard] acider, better.. but strongbow over ice is the best. enjoying strongbow over ice with your slow motion horse, the bestest. ♪ strongbow, world's number one hard cider . >> jon: that's our show. if you get a chance, tomorrow night, thursday night we're going to do what they call a sneak preview of the film rose water and simulcast it to a bunch of theatres and afterwards young stephen colbert who is a talented interviewer will talk to me and the journalist. get a chance to join us for that, great. if not, we will see you tomorrow at 11:00. if not, your moment of zen. >> to fight the 230 particular she got on halloween day a caused with dozens of other drivers of not stopping to let a six foot four donald duck cross captioning sponsored by comedy central

bell. matt miller and alex sherman joining me. number 10, the stevethat will not go away. >> is there another? pictures, we were talking about the second one that was going to be produced by sony. they let go of it. universal pictures has taken it up. a myopic of apple cofounder steve jobs. it has been a musical chairs -- >> christian bale has passed. he opted out. >> and leonardo dicaprio. >> michael fassbender. what steve jobs would have thought about all these hot guys playing him. >> demanded not shower. -- the man did not shower. it is based on water isaacson's biography. >> but it will be loosely based because it is written by aaron sorkin, who showers six times a day. >> you are steve jobs fatigued on movies? >> i did not see the first one. i love apple products but i do not to see a movie. >> there will be a lot of walking and talking. >> i love the book, that was enough. >> number nine, red box announcing plans it will byrease dvd rental prices 25%. dvds will cost $1.50 instead of $1.20. the parent company saw shares jump 12%. analysts calcul

we are live with steve from princeton securities just a few minutes before the opening bell.s a shortened trading day but the last trading day of november. what should we look for? >> obviously looking for damage done here in the energy sector. looking at transports very closely. if you're not delivering oil, you are going to have a good day. airlines will probably have a good day. firms that deliver parcells, delivery services, they'll have a good day. it's an interesting half day set up here. >> it's exxon, chevron and oil majors sinking the dow. do you think retail and the numbers we've seen on a preliminary basis out of black friday can offset that at this point? >> there is a chance they offset it today. i think the whole situation with oil is bigger than retail. going out the next month or quarter, there is so much out there we can't say yet. if you play i your sectors and stay focused, this is a game you can play. >> we are on track for the sixth consecutive week of gains. we finished off the best five weeks for the markets since the financial crisis april 2009 coming

steve callet's yard. a barbecue steamer smoker made to look like a steam locomotive. it's got a bellto relieve the pressure. it took him three years to build. >> the heat is generated in a brick lined fire box. whatever is being cooked is under the hood. seems all ready for the big bird next week. that's kind of cool. i didn't know what to expect. it's cool. three years. a little much, but, still, it's cool looking. >>> coming up, alfonso was trying to recover to be on "dancing with the stars" last night. how about this? got a perfect score. and then one competitor got the boot. >>> first, the religious icon with a rock star following. pope francis thrills the faithful in america with plans for a u.s. visit. you're watching "world news now." >> announcer: "world news now" weather brought to you by lysol. . before the first sneeze, help protect with a spray. before the first tissue, help defend with a wipe. and help prevent with lysol. to get ten times more protection and kill 99.9% of germs around the house. this season, help protect your family with lysol. start healthing. she loves

bell today. let's comment. >> with oil prices going down you can send the twitter controversy now, who needs tessera. >> steve your final trade and quick tesla comment. >> quote john macro buy it long. >> morgan stanley the stock to go to. >> cnq, bought it. >>> the president 2:50 and "power lunch" begins now. "halftime" is over. "power lunch" and the second half of the trading day start right now. >> thank you very much. a shake up on capitol hill. stocks are in the green. who stands to win right now? three sectors that could get a major boost from the republican suite. >>> marijuana voters lighting up the elections last night. we will talk about where americans stand right now on the issue of pot. you can join the conversation, as well. should marijuana be legalized in all 50 states. go to cnbc.com/vote and weigh in. come on over here. the commodities crushed. gold and sve

bell rings] waitress: welcome to denny's! >> osgood: a former player who started his very own routine. here is stevene point no. 60, jason brown was one of the best centers in the nfl. at one point he had a five-year, $37 million contract with the st. louis rams. at one point he decided it was all meaningless. and just walked away from football. >> my agent, he told me, he said you're making the biggest mistake of your life. and i looked right back at him i said, no, i'm not. no, i'm not. >> what could possibly trump the nfl? you wouldn't believe. jason brown quit football to be a plain old farmer. even though he never farmed a day in his life. >> how did you learn to do what you're doing. >> get on the internet. watch youtube videos. >> you learned how to testimony from youtube. >> thanks to youtube and good advice from other farmer here in lewisburg, north carolina, last week jason finished harvesting his first five acre plot of sweet potatoes. >> when you see them pop out of the ground, it's the most beautiful thing that you could ever see. >> he says he has never felt more successful. >> in god'

bell exchange right now. joining us today, there's rob morgan, steve croll with us at the big board today. susan fullton is also with us. so's peter anderson. and our own rick santelli, as well. rick, i want to bring up to you first because two things. i mean, we had a strong gdp report and bond yields lower today and reports of a huge block trade in the treasury markets that pushed the yields on the 10-year and the 30-year to more than 1-month lows today. what's going on? >> well, i'm sure there was that trade and a variety of other trades that all have one thing in common. that investors are looking towards the rest of the year with higher prices an lower yields. the charts i think are pretty clear. many don't like to look at technicals but it's a record of how investors behave and their behavior started to change friday and 30-year bonds started to break out of their closing range. they had amassed 22 sessions they were in that range. they dipped below it and now the entire curve. i'm sure there's curve trades. i'm sure there's long trades and there's relative value trades. again, boon

bell. we're going to speak to mr. desimone first tomorrow noon right here. now we're going to speak to steve liesman who has breaking news regarding the fed. steve? >> scott, thanks very much. dallas fed president richard fisher explaining why he did not dissent in the last meeting, why he voted for the statement and he says because the phrase considerable time between when the fed would hike rates and when it ended qe has been, quote, neutered. he says the new fed warning offsets considerable what fed warning, the new warning that fed could potentially hike rates faster if the economy goes as fisher believes which is goes faster than currently believes. he goes on to talk about fed chair janet yellen saying she has proved herself to be, quote, neither a dove nor a hawk and yellen is, quote, impressively balance in her outlook in the way she runs the meeting and her legacy is in completing the exit from the monetary policy. fisher a known hawk goes on to warn there's, quote, a lot of inflationary tinder out there. thank you so much. >> time to break out the confetti and party like it's 1999.

bells and whistles. but they -- so, we heard that they're port or their parts? what do you do with the boat? >> steve> jimmy: import? they're imported here? [ laughter ] anyways, the cruise ship is here and we're like, "what do they have on there that we can play with, you know?" because they're here. we were looking through all the stuff we can do. they have a sky-diving simulator on board. so you can you sky-dive while you're at sea. so, i was like, "we got to try this thing." so anyways, higgins and i -- the other day went over to the cruise ship. and we asked them if we could do the sky-diving simulator. it's just like a giant phantom. it's fun. here's what happened. >> jimmy: hey, everybody. we're here on board the royal caribbean international quantum of the seas cruise ship. higgins and i are about to try out this new sky-diving simulator called ripcord by ifly. let's do this, buddy. >> steve: let's go. >> jimmy: so, we're here with our instructor, callan. callan, you're going to tell us about ripcord by ifly. this is a sky-diving simulator? >> that's correct. it's the world's first at sea sky

steve moore, thank you very much. forget about shelving that tax rate. now, japan has to find some way to pay for all this spending which is off the charts. does that ring a bell. tracy byrnes say it's been ringing all our bells. politicians very creative getting money from folks not creative when it comes to saving money for those folks. so, tracy, wacky. >> i don't know where these people have money left to spend. they pay 14 percent into social security. they have a dying work force. very few people spending in their social security. their demographics against them. lots of old people. no babies coming up the ranks. lou: they like the old people. they're kind there. again, the point lizzie, the emfaa if a sis is auto o keeping the government going not starving that government. >> it wasn't always like this. it did not have these policies until the early '90s watch what happened when they raised their taxes in 1970s or there abs. (?) japan went into recession. the housing market got really hurt. we see consumers in japan, the household spending going down for six straight months. so taxes spent is not the path to prosperity. neil: go ahead, jonathan. >> liz,

steve jobs what it was not painful to put it aside to do that. the "time," and i really wanted to put it together. >> let's take questions from the audience. here is one about bell labs being such an incredibly innovative place in the 30s and 40s. what do you think about the bell labs of today? >> you know it's a shame that whether it be xerox parc, bell labs, many others of these great corporate institutions we had a lot of corporate basic research that was being done. i think you see that summit google now with google apps. they are really cool about it. you also have one of the unsung heroes in the book who wrote not only as we may think which is really the recipe in 1945 for the personal computer and the internet in wikipedia and a lot of other things but he also he was besides founding raytheon and running the war research the manhattan project for the u.s. government he puts together this triangle of corporate research centers, universities like stanford harvard and m.i.t. and private corporations. you have things like brand that almost fall in between. those were the days bell labs was in the highlight of that in which we did basically search in this coun

bell exchange in the in the meantime. michael far with us. rick santelli is in chicago. and look who we found at the stanford town center mall in stamford connecticut. steve leaishman. and look how he dresses during his shopping. >> i want to add a lit class. >> and how about the price of oil. >> it's a big deal. for consumers and political. but america has become much more of an oil producer than in the past. so there is going to be some negative effect. what i've heard is a very technologically driven oil boom so there are fewer workers in the oil fields. put a single well in, you go horizontally so not as much is there. but you are getting closer, i think blowing out people's bottom price target here. you thought maybe 80 was the bottom. now your towards 70 and talking about a 60 handle on west texas crude. that is going to change the calculus. it's going stop some future investment but not much of what's in the ground already. >> can you talk about the risks of people owning this high yield credit. do you discuss any spillover? >> about five, six weeks ago we had the big downdraft in stocks, everybody teamed up the reason being dropping energy prices