1. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION DISCUSSED DURING HAWKTRADE MEETINGS. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any financial instruments does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. There are no absolute guarantees in investing. HAWKTRADE and its members do not bear any responsibility for losses or gains made by members trading on their personal accounts based on analysis from HAWKTRADE meetings.

3.  We meet every Sunday at 7:15PM – 8:15PM at W151 in PBB  Membership Dues: $20/semester  Food/Drinks every meeting  Investment information and education  Great trading tips and strategies  Investment Competition: $15/semester  Best way to gain experience and learn  Past prizes include iPads, Apple TVs, gift cards  Fun Discussion atmosphere, member involvement

5.  Cramer – “Picture-perfect labor report”  Unemployment down.3%  Lowest unemployment rate in 5 years  Labor force participation rate went up

6. Friday, 6 Dec 2013 | 10:00 AM ET

7.  Timeline – low percentage December, more likely in early 2014  Citigroup – tapering may be a concern, but not as big as people think  Likely only small decreases at first  Already priced in to the market  Credit spreads remained steady this past week

8.  Had been down previous four sessions  Q3 GDP best since Q1 of 2012  Fundamental economic growth lessens the need for QE  Auto sales and home sales up  Cyber Monday sales up 20%  With current rates, money flows easiest into equities Is the Stock Market strong enough to handle tapering with minimal damage?

9.  Optimism all around  Executives – expect rise in M&A, IPOs, and loan activity  Markets may not do as well as 2013, but economy is expected to be better

11.  Predictions S&P 500 will end around 1820 (1805 on Friday)  Gov budget agreement could drive market higher  December 18 th Fed makes announcement

12.  High of $1,203 USD on Dec 1 st  Current price (5:25 PM): $776.49  A Tesla Model S was bought 100% with bitcoin at Newport Lamborghini

18.  Thursday strikes have been organized in over 100 US cities  Protests have been organized in 100 more cities  Thousands of fast food workers will walk out

19.  Fast food workers demanding $15/hour pay  67% increase from current industry average of ~$9  Federal Minimum Wage: $7.25

20.  Restaurant industry officials have said that high of a wage would sharply raise fast-food prices  Employment could be reduced also as a side effect

21. White Castle Exec on minimum wage debate Wed 4 Dec 13 | 4:27 PM ET

22.  “Absolutely catastrophic”  406 restaurants, have to close half  ¼ White Castle team member with company 10+ years  Less than 5% of all restaurant workers make minimum wage  43% of team members under the age of 25

24.  Arindrajit Dube, an economics professor at the University of Massachusetts said an increase in pay to $15 could increase prices by 20%  A $3 burger could cost $3.50 or $3.60

25.  Ken Jacobs, chairman of the University of California, Berkeley, Center for Labor Research and Education  Said the $15 minimum wage would only raise prices 10% and would result in higher productivity and less employee turnover  Thinks franchisees might take on some of the higher wage costs to reduce price increases

26.  Stephen J. Caldeira, president of the International Franchise Association  $15 wages would lead to a 25 percent to 50 percent increase in fast-food prices  Increasing the cost of labor makes higher prices for consumer, lower foot traffic and sales for franchises; loss of entry-level jobs

27.  David Neumark, an economics professor at University of California, Irvine.  Raising fast-food pay to $15 would result in a 5 percent or 6 percent reduction in employment  One benefit of raising minimum wage would save U.S. Government about $7 billion in assistance annually

28.  David Neumark, Economics professor at U of Cal - "Anyone who thinks sensibly about this should be concerned that $15 would have a big effect on employment.“

30.  Cost cutting has already taken place:  Self service for soft drinks  Computer screens instead of people at counter to take orders

31. Fast food sector wage rises need 3 key ingredients: Pro Thur 5 Dec 13 | 5:30 AM ET

32.  What do you think?  Do they have the hand to play?  How will it effect teenage employment?  Will prices rise?  Is it good or bad for the economy as a whole?

33. Favorite booze stocks Thur 5 Dec 13 | 2:47 PM ET

34.  Concerns?

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36.  What did you like?  What didn’t you like?  What do you want to see more/less of?  Any additional suggestions?  Additional comments?

37. FROM GOOD LUCK WITH FINALS! HAVE A GREAT BREAK!