this is night"nightly busin report" with tyler mathisen and susie gharib brought to you in part by. >> the strestreet.com up to the stock market news and in depth analysis. our quant rating service provides objective ratings daily on over 4300 stocks. learn more on thestreet.com/nbr. up, up and away, the dow hit as record but as stocks trend higher, how should long-term investo 0,

400, even 700% this year but could the fast and furious run up reverse course as quickly? >> game changer. crude prices are tumbling and whether that continues is talks taking place half a world away. that and more for "nightly business report" fan wednesday, november 6th. i'm sue herrera in for susie gharib. >> i'm tyler mathisen, welcome everyone. the talk today may have been soon to debut twitter but once again the dow proved it's not a quitter. an all-time closing high, the 3 33rd of the year, more than a month's worth of closing high. more economic news to drive stocks but positive data out of europe didn't hurt. microsoft helped too. a different story at nasdaq. the electric car maker tesla fell nearly 15% after yesterday's earnings report and forecast. here is a look at today's closing numbers,ç the dow up 1 points ending the day at 15,746 and the nasdaq lost act eight points and the s&p 500 up seven.

one point away from its own record closing high. well, with the dow at a record, what's the one thing that could derail the rally? we will ask top market strategist joe duran what concerns him the most later in the program. it's almost here, the initial public stock offering for twitter. the most highly anticipated ipo of the year and a micro blogging service will price the shares tonight ahead of tomorrow's debut. estimates now call for a share price as high as $7 a piece, above the range of 23 to $25 and that was already raised from earlier estimates just days ago. twitter, which has yet to turn a profit currently makes money from advertisements but anxious investors are asking how will the service raise more revenue in the future and what is next in twitter's pipeline? julia boorstin takes a look. >> reporter: the fact that twitter's core business add is potential to sale stuff not when shoppers shop later but in the

moment on twitter. they hired nathan hub bard as the first ever heard of commerce. twitter could use information about users's location and interest to offer products ordeals. the big leap will come whenç twitter allows users to link a credit card to their account for one click purchases within twitter. you can say buy a pizza from papa johns or donate to the red cross. this would allow hotels to offer empty rooms and concerts to sell tickets and restaurants to sale tables. >> advertisers could make it easier for people to chance act. that could be another one. that e again, needs a larger base and i think, you know, that needs to be developed. >> this would be a stream line version of twitter and the sink partnership that links credit cards to profiles. twitter could also partner with companies like ebay, etsy or

amazon to link accounts without inputting new credit card information. commerce isn't the only way we expect twitter to branch out the the ease i way to ramp up revenue is overseas. 3/4ths of the traffic was international but generated a third of the company's revenue. >> the biggest opportunity right now for them is to monetize internationally within -- for advertising, they have half a percent for the worldwide market share. a big, bigç opportunity. >> twitter's purchase in september will allow twitter to improve ads are real-time bidding. while that grows revenue from the separate business of serving adds across the web. for "nightly business report", i'm julia boorstin. >> to read more about the future of twitter, head to nbr.com.

it took long enough but shares of microsoft, which we mentioned earlier, today rose to the highest level since the year 2000. not saying but i'm just saying that was the go, go period before the tech bubble burst. shares shot up more than 4% today as the software giant has reportedly narrowed the search for a new ceo. the names include ford chief executive and several company insiders, most notably steven elop that headed up the smart phone unit. one of the second tomorrows benefitting from the recent runups are the makers of solar energy panels. one of the biggest, solar city reported the latest quarterly earnings after the bell. revenues shot up 52% netting a profit of $3.4 million. shares of the photo cell maker and installer are up an astounding 400% just this çyea. so what is driving the foreign

prices on solar stocks and should you put your money into them? jackie deangelis has more. >> reporter: solar stocks, year to date they have been great performers but will they continue to be shining stars? solar city up roughly 400%, for solar up roughly 100% and canada solar up a whopping 700% but some analysts think these stocks look frothty. proof knit margins picked up and there will be a time they come back down but that doesn't mean there aren't bright spots in the space. the chinese solar names performed particularly well. >> partly, it's because they did get extremely beaten down in 2011, 2012 and it is true that margins have improved and volumes have generally picked up partly because the chinese government is pushing solar demand in a very big way.

>> reporter: u.s. based companies could see growth domestically as states provide special incentive but these companies have another advantage. >> for many of the companies, it is an international market, certainly u.s. exposure is important and the u.s. solar market does have room to grow. >> reporter: part of the big picture is consolidation,ç not just larger solar players shopping for smaller ones, also strategic players looking to get in the space. >> who might be next as a target for the large strategics and a good example, i think would be a company like advanced ennear guy indust industries. the nice thing about solar inverters, is unlike the panel manufacturers, this is a less ka modtized business. >> reporter: the bar is high for these companies and sometimes good results aren't enough to keep the stocks moving up. while these are high beta, the fire behind them just might burn out. for "nightly business report",

i'm jackie deangelis. after housing, strong auto sales and man pack toufacturing lynch pin and toyota profits skyrocketed 70% last quarter on cost cuts, a weaker japanese yen and solid sales in the u.s. that offset weaker sales last year. phil la bow joins us from detroit with more. let's talk about the numbers last quarter from toyota. how much was due to sales and how much to the weaker yen? >> the yen was the big contributor, tyler, when you look how much the weaker yen contributed to the global sales profit, a 16% increase last quarter alone and for aç long time, the ceo of toyota said i need a weaker yen because we're experting 35% of our merchandise. >> they are running number two

to ford. might it ever pass ford again? >> it's not going to happen soon because ford is benefitting from stronger pickup truck sales, the f series the best in the world and you also have the suv market that's so strong right now. toyota improved, sue, ford will be in the number two spot for the future. >> how about the race to be the world's largest auto maker. toyota is now but can gm catch it? >> not this year or next but a few years. toyota continues to struggle in china because of the relationship between china and japan. all the japanese auto makers struggle in china and that's the fastest growing market in the world when you look at the large market, number one and gm is picking up ground on toyota. it's not going to happen soon but a few years down the road. >> phil lebaux.

americans talking about the minimum wage and whatç raisingt could mean for businesses, consume consumers, and the economy. now, an update on a story we told you about yesterday. voters in washington state rejected a ballot measure that would require the mandatory labling of genetically modified foods. early polling showed wide support for that initiative but a flood of advertising on tv and radio financed by the food industry and biotech companies may have persuaded people to vote it down. ballots on several states on

election day involve raising the minimum wage above the current standard of $7.25 an hour. that may be or may not be good for workers. hampton pearson has more. [ cheers ] voters in a small city in washington have just approved a $15 minimum wage an hour. they are due for a big pay raise. the first step in a push by organized labor to go çnationa >> people will finally be able to make ends meet without having to work two or three jobs, descent pay, descent benefits. much for the work for the airport but for this come moneyty. >> reporter: in new jersey, the only thing more popular with voters in the reelection of chris christie was a 61% vote approving a constitutional amendment to raise the state's minimum wage to $8.25 an hour in january. california is the first state to commit to a $10 an hour minimum

wage by 2016 signed by jerry brown in september. what all three states have in common is a large number of low-age workers and the high cost of living. >> folks at the bottom of the pay scale have been left behind. you have to do something to reconnect their labor, their work, they are trying to get ahead to economic growth because it's not happening the way it used to. >> reporter: 19 states and the district of colombia have a minimum wage higher than the $7.25 an hour federal law. the groups are fighting back from the u.s. chamber of commerce, quote, any discussion about raising the minimum wage needs to recognize small employers often have to operate under slim profit margins and will have the hardest time absorbing higher costs. >> it can'tç repeal the law of economics. when you raise the cost of fuel, energy or inexperienced labor, businesses and consumers buy

less of it. raising the minimum wage will mean there is fewer jobs for inexperienced and unskilled workers to take. >> reporter: by the time the 2014 elections roll around, there could be minimum wage propels of at least eight more starts. for "nightly business report", i'm hampton pearson in washington. the botched rollout of the affordable care act healthcare.gov website. kathleen sebelius told a senate committee after hundreds of fixes, the website still needs repairs but should not be taken offline until the fixes are complete. >> delaying the affordable care act won't delay cancer, diabetes or clost real screenings or prenatal care. for many americans, delay is not

an option. >> sebelius was warned lawmakers don't want to wake up at the end of november and find out, as he put it, we're not there yet. the first casualty of the officials behind the troubled plague health insurance website. the centers forç medicare and medicaid website announced that tony trinkle will leave this month and head to the private sector. expenses caused a sharp drop in humans proch fits and lowering the 014 profit outlook because of lower than expected enromment from the exchanges but the weak outlook didn't weigh on the stock. it popped 2% to $95.87. whole foods market says sales growth is slowing, same store sales rose 6% in the fourth quarter but that was the slowest pace of the year. the largest u.s. natural organic grocery chain is lowering sales

forecast for fiscal 2014. the news caused an initial drop in the stock after the bell. whole foods finished higher to $64.47. ralph lauren beating expectations and upped the full year forecast, the sales forecast an the expectation of a strong holiday season. the luxury retailer said business was strongest at the ralph lauren storms and raised dividend as well. the shares rose more than 5% to $180.52. shares çof abercrombe and blamed the short spending on young shoppers. the stock off 13.5% to $33.13. the cut in oil production caused shares to drop.

the gas producer topped revenue forecast but the beat overshadowed by the company's weak outlook. the stock fell near lie 7% to $26.23. halliburton will hike the quarterly dividend by 20% to 15 cents a share. the ceo of the second largest oil field services company said halliburton anticipates buying more stock. the stock popped more than 2%, $54.40 the close there. bearracuda network raised about $75 million, pricing more than 4 million shares. the ceo says barracuda's business model is promising. >> we've been cash flow positive since the three months after our three co-founders founded the business. we had a healthy balance sheet. as they level the cloud infa st structure, we believe we can ex pend margins.

$21.55. joining us tow now to talk about the money, joe, welcome. >> good to see you again. >> you know, it's been a very good year, and i think that's an understatement for stocks and it doesn't seem as though things are slowing down any time soon, given what we're seeing in the markets today especially. how do you feel about it, and how much further do you think we have to do? >> i think there is very little reason to not see it go higher, accept for one thing. what i'm seeing is a big reduction in the amount of risks the people are concerned about and i always worry about that. you actually make the most money when people are most afraid and have the highest risk when people are least afraid and what we're seeing now is typical of a melt up, which is ignoring fundamentals, like the fact that most of the earnings growth is not coming from revenue growth and what we are seeing is

multiples expanding significantly faster than earnings, and that is a concern that i think what the fed has said if there is weakness, we'll give you more money and as soon as that happened, it's basically removed a lot of concern for individuals, and so i think that the more we go without a little pull back or settling in, the higher the risk is that the pull back will be meaningful. peopleç are being lulled into co state. >> reading into your words, you're concerned this market is too highly prize, too rich to shove chips on the table. >> i think the s&p will be higher by year end -- >> by how much? >> and what we typically see after a big, strong year like we're having now, especially because we have head winds because people look at the investmen investments, the prior year and

typically then reinvest. it's very hard to see a reason why the market would go down from here to april if the government doesn't create more shenanigans. >> how much higher do you think the s&p could run? >> we could be around 1800 or so, a couple percent but there will be noise in there and as long as the fed is supportive and my concern is what happens afterward because we're not seeing the overall growth and since we take our people's entire net worth, we tend to lean on the more cautious side of things. >> you mentioned washington briefly and for a lot of the people we talked to, one of the concerns is the fact we'll relive some of the issues that we sawç just a short while agon washington, that there is still this dysfunction in washington. could that be the type of external shock that would trigger a market sell off? >> i don't know that's necessarily one. i bet they won't do anything

until again we're at the deadline. i think that it's actually something probably that we're not expecting. we never really predict exactly where these surprises will come but we know the less we expect the more likely to come. it could come from surprise in the international markets to something happening in china to a currency challenge that could occur that nobody is expecting. so right now what we're seeing is the individual investors adding money meaningful into stocks. that's not always a good sign, unfortunately. for now, yes, i think we'll have turbulence in the beginning of the year, but the fed has said we don't really care what the government does. we'll support this market and that basically m plies they are not going to be doing anything for quite a long time -- >> so very quickly, if people are putting money to work, where should they put it to work, growth and value and volume and if so, which? quickly. >> for me, growth. you want companies growing

revenues a and b companies generate revenues, the international marketsç have a t more growth to come and haven't had the runup. emerging markets and international, interesting here. >> ceo of united capital finance l advisors. >> talks with iran over the new clear program begin tomorrow. why this could be a pivotal moment for the oil market.

a set back in the u.s. labor market, planned layoffs spiked by more than 13% higher during the month of october according to challenger gray and christmas. the industries affected most by the nearly 48,000 announced cuts are pharmaceutical companies most notably merk andç banks originated fewer home mortgages. in the meantime, applications for new mortgages fell again last week. applications for refinancings and new home loans fell 7% reversing the gains made the week prior as interest rates inched higher. crude oil prices posted the biggest gains in five weeks today up 1.5%, what a surprise drop in u.s. oil and gasoline inventory this week. crude rebounded from four-month lows but closed below $94 a

barrel. >> nuclear talks between iran and western nations starts tomorrow. it is possible there could be a preliminary deal as early as this week. sharon epperson takes a look at the potential impact this might have on the price of oil and on u.s. consumers. one of several factors contributing to the shock and drop is optimism about iran's nuclear cape bts. the thought of nuclear weapons kept the benchmark of oil above $100 a barrel for almost three years. >> there is a 10 to $15 risk premium and been there for quite awhile with what is going on with iran. so anything -- any progress they make to take awayç that concer about iran, helps to lower the price of oil. >> since late august, crude prices, the oil benchmark tumbled more than $10 from $117

a barrel to over $105 this week. international sanctions aimed at curving iran's new clear program cut in half the country's oil exports which topped 2 million barrels at the beginning of 2012 but for moderate leadership from the new president eased tensions and raised expectations that sanctions may be rolled back. on thursday, iranian negotiators began another round of talks in geneva with leaders from six world powers, known as the p 5 plus one. if negotiations are successful, 1 million barrels a day of crude oil may be back on the market. if that happens, global oil prices may drop as much as $15 a barrel, but that's a big if. >> we get slightly better than average odds from agreement to principle right now. what we're seeing is an unprecedented enthusiasm on the part of the u.s. government

taking steps that haven't been taken in more than three decades. >> reporter: if the outcome fails to result in a concrete deal, the slide in oil prices is also likely toç continue. >> fundamentally, it's weak and we're a wash in this country and around the world so i'm looking to short it and adding iranian oil makes it weaker. >> reporter: oil prices are benefitting american consumers. gas line prices on average plunged 25 cents a gallon since september at $3.23, the national average the lowest price of the year. for "nightly business report", i'm sharon epperson. finally tonight, it's the end of an era, ten years ago blockbuster stores were everywhere, the place to go to rent the hottest movies just out on vhs, remember those, dvd or the latest must have video games for kids. not anymore, blockbuster's owner dish network announced it will

close the last of the remaining 300 stores in the u.s. and shut down it's dvd by mail service. i remember those days. >> oh, sure. you could go there every weekend. >> absolutely. that's it for "nightly business report" tonight. i'm sue herrera. >> i'm tyler mathisen. thanks from me, as well. have a good night. nightly business report has been brought to you by. >> thestreet.com, up to the minute stock market news and in depth analysis. ourç quant rating service provides objective independent ratings daily on over 4300 stocks. learn more at thestreet.com/nbr.