. > > another stock that popped yesterday was usg. > > yes. kind of really the same story.pace, definitely not as widely held or widely, let's call it, played in the markets as a home depot or a lowes. but same thing: the outlook because of sandy, going into not only fourth quarter, but first, second quarter of next year, is going to be very rosy. same thing, we breached all resistance levels - the stock is trading $27.50, and volatility is low. so again, it could be a very good, cheap play to the upside. > > usg actually had a 52-week high yesterday in trading. > > yup. > > good to have you on the show. have a good weekend scott. > > same to you angie. that's all the time we have for today. a quick reminder to set your clocks back on sunday so you don't miss our show monday. join us then as we compare the economic policies of the candidates ahead of tuesday's presidential election. from all of us at first business, have a great weekend! >>> we're live in san francisco where san francisco police have just released a surveillance video ever a man brutally attacking a muni ag

go to defensive pick which is usg corporation.ey make building material. >> usg is the worldwide leader in wall board production. they have done a great job getting price in the current environment. you see explosive earnings growth. you have a top tier high quality management team. new products roll out at home depot gaining share. better pricing. which like the story going into 13. liz: could i say you see the spike around the time. hurricane. usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain

this is a map of the usgs that shows the potential levels of ground shaking that could be experienced across the bay area in a repeat of a major 1906-like earthquake on the san andreas fault. very strong shaking would affect most of san francisco and would last well over a minute. for context, in 1906, over 500 miles of the san andreas fault moved in a second. in 1989 in the loam loma prieta event (inaudible) understand our interdependancies and we launchd an inder dependancy study earlier this year. this will benefit all our operators as well as the region's businesses and residents. first we want to build on an understanding of all of our existing system interdependancies and the consequences of existing conditions to help expedite sppbs and restoration planning among agencies. with this we will also identify the key assets and respiration of priority schemes to prioritize and restoring and rebuilding our city and ultimately the region after such an earthquake. we will then work to develop a set of life line expectation under current systems and standards developed over the next dec

the usgs reported an avenue shock later in the day. many people are now staying out of their homes fearing more quakes and aftershocks. >>> in gaza a funeral for a 16- year-old palestinian killed. the eus -- the there are no reports of israeli injuries. >>> and in poland clashes on the streets of warsaw as ride wing nationalists fought with police during poland's independence day population. the they pe gap throws phones and squares. 13 people were injured and more than 130 arrested. >>> turning now to the recovery effort from hurricane sandy. victims are getting much needed help from people who felt the same kind of devastation. >> we all these 25 hands with me i wouldn't be able to do anything. >> reporter: one group of volunteers traveled a long way. they came from new orleans knowing that extra hands would go a long way to recovery. >> we pay a forth. you all came to us in our dire met, i was right on the other side about seven years ago. >>> searching tonight for the cause of a small plane crash in fresno. plus helping hear the sc

you are probably already usg something this quiet genius already invented. the "wall street t journal repo" begins right now. >> this isis america's number 10 one financial news program, "wall street journal report." now maria bartiromo. >>> here's a look at at is making news as we head to a new week on wall street. corporate america had a strong message for president obama this week. ceos of a dozen of amamerica's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president a also sat down wh congressional leaders and officially began negotiations. if congress doesn't act taxes on income, dividends and estates will go up and spending cuts will kick in january 1st. this week, i spoke to allen simpson ander skis bowl subpoeimpson anders skin bowls. >> you can't spend or grow your way out of. this grab hold it will be a rocky road. >> you say closing the loopholes alone brings a trillion. >> if you are willing to wipe out all of them and that may not be feasible but you can broaden the base, sim

cal ema and we've developed the ability to import data from every allied organization whether it's usgs, the law enforcement agencies, fire, weather, what have you, to be able to put it out in layers so we literally can know everything going on. we can see lightning strikes that cause fires, down to the size of a car fire. we're often able to do predictive analysis that exceeds the ability of fire and other agencies and able to call them up because we can see this and we've trained our battle captains that work in our operations center to think ahead and think three moves ahead whether or not an event they see developing is going to cause a trigger that is going to require national guard or other military forces to deploy. >> if i may, i think it's for us, myself as the senior leader in third fleet, it's about information sharing and intelligence fusion and turning that into actionable knowledge. we have a 24/7 maritime operation center as well that we attempt to do that. we do have cnn up, usually turn the volume down and just look at the pictures and read the bumper sticker underneath

though it was on september 11th, and then the idea that it was -- it was a result of what everyone s usgl video. and this was days after words when the cia knew it was a terrorist attack within a matter of hours. lou: the questions remain. actually, they and large. numerous by the day. we thank you for being with us, secretary donald rumsfeld, as always. >> thank you. lou: up next, democratic national committee had to be wasserman shultz stopping traffic in florida. not in the way you might think. we'll show you. and coming up tomorrow veteran campaign strategist amount democrat, radio talk-show host and author market rally, former bush adviser among our guests. stay with us for the very latest from the hurricane ravaged eastern seaboard next. ♪ lou: good news for the aba campaign, a new poll out showing the president crushing governor romney. some bad news associated with it. it is a poll taken in russia. that's right, all whopping 41 percent of russians want president obama reelected. only 8%, 8% back romney. oh, my goodness. they have cancer that sort of things. those romn supporters

i'm talking about very basic companies like georgia gulf for pipe, usg for gypsum board, louisiana-pacificser for board and wood, lumber highest prices since 2006 this morning. owens corning and berkshire hathaway. i expect it would extend, even appliances and paints, again old favorites, whirlpool and sherwin-williams. this one is so big it could move the needle for caterpillar, definitely united rentals. we'll hear numbers being bumped you will for all these companies as they furiously try to get the inventory where it's needed. just hiring contractors, a newfound labor shortage and wipeout, it will be difficult, but this event will provide multiple quarters of growth, and growth you must invest in during every dip during the next four to eight weeks. it's ironic the housing and construction business was just beginning to come back on its own. witness this morning's strong pending home sales number, but sandy damage, you get sharply better than expected quarters for companies that have serial disappointers, a major change, one that will become the story for the first half of 2013. stick

we love usg. we love fortune brands.s will continue to work next year if the broader market is going to work. >> they will. even with the gains they've had? >> we're seeing big upside in the home builders. we're going to see gross margin upside. >> is it all because of low rates? >> low rates are one part of the story. we're also looking at -- >> are they 80% of the story? >> one-third, one-third. tighter inventory levels. stable pricing environment for the first time in five years. three, high degree of affordability. we see a strong upward trend. we don't think the investors have fully digested the strength of the sizable beat today on the start snubber. everybody's got to raise start snubbers for 2013 in the wake of today's print. >> it sounds like you're saying this housing recovery is real. it has been recovering in fits and starts. it feels like this is sustainable. craig, the boom in miami, how sustainable is it? >> miami seems to be just going in a great direction. it's really a city of the future. we have more a

. >> usg been a monster this year. i'm very thankful for that.e but i would take some profits now. >>> on the other side of the break we'll give you your thanksgiving final trades. >>> in the next hour, stores are making different and aggressive guarantees this holiday season. are they keeping their promises? find out at 1:00 p.m. nouncer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. 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. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's

let's go back to usg. think people are seeing the need for wall board to rebuild the jersey coast and then new name, briggs and stratton. i think people are done relying on the electric grid for power. you know what? fiscal cliff? if it's really good buy, i like the discretionary plays. harley-davidson, polaris, dick's sporting goods. you give rich people more money, they buy municipal bonds first, boats second and then create the jobs that they're so often lionized for. then return to the retailers. i urge you to keep in mind some of these if the cliff is bridged, notably nordstrom and petsmart. high end retail suppliers have been disappointing, right? the stocks have just been okay. ralph lauren, coach and pvh were terrific for a long time. then people started freaking out. wait a second. we could be twice blessed. pvh is up 58% for the year. 2013 looks terrific for them. the ceo said the same thing. but in a situation where you had no idea what the capital gains tax rates would be, you want to nail that

according to the usgs, the quake was centered under the colombia river between north portland and westnjuries have been reported so far. that is your "west coast minute." dennis: the maker of marijuana vending machines flying high after a "wall street journal" article saying the time may be ripe for investing and medical pot. district attorneys and two major colorado cities announcing they will begin to dismiss existing marijuana session cases now that colorado has decriminalized the once evil weed. >> amendment 64 does not become law until mid-december when the governor certifies it, but as of today depending on where you stand really depends on whether or not he would get in trouble with the law if you have some pot on you. if i was standing north of denver in weld county, the district attorney says i have an ounce of marijuana or more i would get picked up and prosecuted. says accordingly we will not be dismissing existing marijuana possession cases but more importantly our office gives low-level possession cases to get drug users help with their addictions. that practice will conti

know and no one is going to refute this fact, no one today, or in the future, that when we had the usgs report and the other reports saying that we now are in a different position than we've been before. we are not only -- we do not have only 2% as some people are saying, of the reserves in fossil fuels. i'm talking about coal, oil and gas. we are number one in the world now. we didn't used to be. two years ago we couldn't have said that. right now we are. we have the -- the opportunity and we can look at the opportunity in terms of our -- of our reserves that are usable of being totally self-sufficient. this is the thing so disturbing when people talk about they don't want to be dependent on the middle east therefore we have to spend billions of dollars of defense dollars to experiment on biofuels when had, in fact, we could be completely self-sufficient. all we have to do is what every other nation in the world does. every other nation in world they go after their own resources. so we have the recoverable reserves in gas and oil to take care of this country for the next 50 and 90 year

we have had other things, the usg number shot is up higher than normally we see.e have come back off. all for not, but a little bit of something to talk about. >> there you go, he is willing to pay more. look at this, $20 right there. he is already paying more. lori: jeff flock, thank you so much. from oil to the keystone pipeline. since president obama rejected in january, but now including prime minister say they are optimistic it will soon get done. joining us, ceo of the american petroleum institute. i will ask you out of the gate, are you optimistic the pipeline will get done on the three election is over? >> i think we are hopeful. the president is committed, pro-jobs and growth as we heard him a few moments ago. keystone at the pipeline generating 20,000 jobs almost immediately. we think it is a no-brainer like the prime minister has said, so i think it would be a good early indication the president is serious about job creation growth in the approval of the keystone xl pipeline will take us there quick. melissa: that seemed code to do we dare him to do it

i want to be long usg. let's shift bonds in the dollar.ick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you can see unlike friday which in front of a weekend a lot of things going on like the middle east, rates went down a bit. if you look at the way they're moving up a bit, we have about an eight basis point spread which is a wider spread on intraday basis low to high than on closing yield basis which if you look at the next chart clearly you see this 160 levels a major pivot and for the most part the last week and a half we have settled very close to that area. if you look at the dollar/yen, one of the big trades in foreign exchange. monster trade. almost a 3% move on the dollar versus the yen. you can clearly see today reverse just a bit but it doesn't diminish the magnificence of this one-way move and a lot has to do with politics with what's going on in japan. if you look at the last chart, this is fascinating. the fiscal cliff issue is a reas