Stocks, 25 of the 30 are positive so far today and were keeping an eye on energy again, as well. Exactly. Down here, one of the indexes that will often list up here on the boards is energy index. Look at that one off 122 points. Again, just reiterating the pressure seen, renewed on crude oil today and down another 3 settling around 55 bucks and change. Natural gas by the way. Its had a 10 move lower in 2 sessions. I was going to say. See how nimble they are in the booth . We know they are but lets see if they can show us natural gas because it is down sharply and for good reasons if you like warm weather. Yes. Correct. The socalled i95 corridor on the east coast expected warmer than expected temperatures over next ten days or so and thats taken the wind out of the sails, plus that inventory report of last week. Right. Flip side, not so good stuff with the Energy Complex is a move on the rating side you heard on the European Oil Majors and again some talk of whether we are seeing a bottom or not on these prices amid renewed if you will indications of the middle east, saudi arabia, theyre not cutting back production any time soon. All right. Lets talk about it for this monday as we get thinged started on. David kudlow. Beth ann bovino. Joe durant. Quincy crosby. And Rick Santelli is in chicago, as well. Beth ann, we have had the debate of the decline in oil and netnet is a positive or a negative for the u. S. Economy. Youre siding on the positive side. Why . Absolutely. Well, first of all, i want to put it in perspective. The u. S. Economy has been doing rather well and without this oil boom, its actually a positive. But one of the reasons why we see this as a positive, think about if now gallon of gas is dropped about a dollar since june or july, that means that for every person who the average person spends about or buys about 500 gallons of gas a year, that means 500 extra bucks in the pocketbook and they need that for this as they go into the Holiday Season for some of those presents. Thats a winwin. Other nonenergy businesses will boom from basically cheaper costs in terms of transportation and electricity. So a positive. You know, rick, i dont mean to spring this on you but i was reading earlier today on a writeup and a point to be made of coming to the Federal Reserve and what it should do, if we had some kind of, say, gdp target that took all of this into account with maximizing growth, for example, instead of a target that was pulling together unemployment and inflation and these things, dont you think that would be a simpler message that everybody could follow and understand here . I wish i could say yes but i think gdp is a bad metric in that regard. I dont think there is an easy metric, i could mold statistics than than clay and make them say anything you want. You know . The president pointed to how great the metrics are and most of the things he quoted are correct but what we cant tell is exactly, you know, which jobs created, how many were part time. We get close. Industries that dont pay as well may created the most jobs. We have heard a couple of pieces on that, actually, today. So there isnt one easy metric. I think the easiest metric of all is a metric we dont like to hear an answer. Americans asked how they feel about the economy, Many Americans still think we near a recession and i think that speaks volumes. I do think the monthly jobs number, if you just take it at face value, they have improved and i think it is about jobs, jobs, jobs. All right. I think that the downside is as we need to create more jobs that pay a little bit better but then again those that dont have skills, theres really no place to hide and we need to grow the economy from an education standpoint, as well. With those, you know, i guess you would say with that kind of skepticism about the growth of the economy and, you know, ricks quite right. There are plenty of people out there still not convinced that this economy is on firm terra firma right now. The stock market is knocken on alltime doors right now. Youre convinced we have room to go. Why . Take the gdp numbers averaging around 4 growth. And with the Fourth Quarter coming in, we think well still be around 4 growth for the three quarters but on main street, there are many people, im here in michigan. Many people dont feel that, they dont feel like we have ever really come out of a recession because the growth despite a couple of quarters has been more anemic. How do you reconcile that difference, that gap that exists between wall street and main street . This is in the the first time. How do you reconcile those two, the vastly different outlooks of both . I think because the growth has been except for more recently more anemic and until that follows to the broader public and they feel that and jobs numbers continue to come through, housing continues to improve which we saw a little bit of setback today, general public just the anemic growth fe feels like a recession. Thats why the market continues to do well. Id add one thing to that. What you are seeing as Balance Sheet improvement for five years so people with wealth feel better about the economy than people who live paycheck to paycheck. You have a big appreciation of home prices. Sure. And the stock market and those that have savings in the 401 k have done very well and you havent seen is if you are paycheck to paycheck, you have not participated because theres not been income recovery. Right. Thats why, joe, the interesting question of 2015 starting to see this out there, i think bank of Americamerrill Lynch saying 2015 the year to buy main street and wall street and thinking about that with Meredith Whitney over the weekend and made bets on the sort of middle American Public if you will that dont appear to be working out. Where do you think here the trade lies . Is it time with the drop of oil prices and bet ore main street if you will for 2015 . I think for 2015, make three bets. One, there will be more volatility. Second, Interest Rates will be going up. Theyve told us that. You want Larger Company that is have the ability to withstand higher Interest Rates and third you want to know that youre participating in a global middle market that is are happening everywhere. So i really like still the mega caps because they participate in all three in dollar denominated terms. And they have flexibility. If we see higher volatility you want to be in larger names and so i think youre going to see again the russell which is not done very well this year continue to underperform and i think we might see a multiyear period where you are way better off being in larger companies, wellknown brands that the middle Class Consumer wants to own. Middle Class Consumers like to buy brands and aspirational, large brands are very, very interesting. I would add i would be very careful about the Global Growth story, though. We have strong growth here in the u. S. , europe is hurting. Japan we think abenomics is flawed and a technical recession now. We have the slowdown in china so these big Mega Cap Companies as much as theyre exporting, we have a stronger dollar, i would look the other way and look towards small caps to be in 2015. Okay. We have a trade here now. All right. Joes got some small caps to sell you. Quincy, if rates are to begin rising and they have started at this point, not in a concerted way but a rise since last weeks fed meeting, is that good or bad for stocks down the road . I think that the first actual rate hike and maybe second may give the markets some difficulties or let me put it this way. The anticipation of it i think will give the market difficult it is you but as long as we have growth underneath it, at some point the market will absorb it and move on the way they did after the termination of qe. Getting rid of considerable time and now patient. Patient will go away and youre going to get the beginning of the rates but the point is, that as long as there is growth underpinning it, i think the market could do very well. We did with 4 in the Interest Rates and i remember 5 Interest Rates as long as there is growth. Yeah. I was going to ask whether you would bet on the traditional rising rate names and the insurance space, for example. Look at the twoyear or the 10year moving higher and the longer end isnt moving and do you think its moving . Does that mean we shouldnt just assume that those longer dated plays work next year . You know, the fact of the matter is if we could get europe out of the picture for a little bit and have a little bit of calm in the markets, well get a steep in the yield curve and good for financials and see some of the big big banks begin to sweeten their dividends and some actually introduce dividends. So, theyre attractively priced and with the new congress coming in, we may have easing of the pressure of regulators. All right. Last word to beth ann. You have been very patient economist there. As our conversation steered toward this wall street versus main street, does the lagging main street make wall street the stock market more vulnerable going into 2015 . What i was going to comment on with joe mentioned was that what havent seen throughout most of this recovery is wages. Paychecks have been pretty much flat, real wages pretty much flat throughout this recovery. I think 2015 to start to see a net gain. We are expecting to see with basically the quit rate now at a sixyear high, the shortterm Unemployment Rate now 7year low, those are indicators that suggest to start to see wage gains pick up next year and expecting. Main main win it is day. Well leave it on that hopeful note. Thank you, everybody, this afternoon. See you later. All right. 49 minutes left. Is this the high of the day . Yes, it is. I think it is. Up 122. Moving back to the high of the day. It has been the perform of the majors. S p and nasdaq also higher but not by as much. Spitting distance of the 18,000 level. Stocks may be surging but oil and Natural Gas Prices keep plunging. How low can prices go . Is it bad for the markets and the economy . Thats next. Retail index is outperforming the broader markets over the last month or so but history suggests you may want to sell the Retail Stocks before grossing out the year. Thats still to come on closing bell. Stay tuned. I love my Meta Health Bars. Because when nutritious tastes this delicious, i dont miss the other stuff. New Meta Health Bars help promote heart health. Experience the meta effect with our new multihealth wellness line. Tdd 18003452550 even on the go. Tdd 18003452550 open a schwab account, and you could earn tdd 18003452550 300 commissionfree online trades. Tdd 18003452550 so when a market move affects one of your positions, tdd 18003452550 schwab can help you decide what to do. Tdd 18003452550 with tools like free livestreaming cnbc tv tdd 18003452550 that give you the latest Financial News and trends. Tdd 18003452550 and bubble charts and price charts that let you see exactly tdd 18003452550 how market activity is affecting your positions. Tdd 18003452550 so when the time comes to decide whether to scale in tdd 18003452550 or scale out you can make your move, tdd 18003452550 wherever you are. Tdd 18003452550 and start working on your next big idea. Tdd 18003452550 open a schwab account and you could earn tdd 18003452550 300 commissionfree online trades. Tdd 18003452550 tdd 18003452550 call 18777292379. Tdd 18003452550 or visit schwab. Com trading. Tdd 18003452550 schwab trading services. Tdd 18003452550 your goto for trading knowhow. Tdd 18003452550 tdd 18003452550 your goto for trading knowhow. Female announcer during sleep trains hugeom foyear end Clearance Sale,s get beautyrest, posturepedic, even tempurpedic mattress sets at low clearance prices. Save even more on floor samples, demonstrators, and closeout inventory. Plus, free sameday delivery, setup, and removal of your old set. Why wait for the new models . Sleep trains year end Clearance Sale is on now . Guaranteed your ticket to a better nights sleep welcome back. Rally day again after last weeks fed meeting. The dow up 117 right now. Just off the highs of the session. The s p up 5. 25 and nasdaq up. Energy sharply lower. Nat gas is killed. This sea of green is as Energy Commodities are crushed again. Jackie deangelis breaking down the big losses and including for natural gas, as well, as the nymex. Good afternoon to you guys. We did see selling pressure in oil at the close. We did see wti down 1. 83 closing at 55. 26 but i would say that we have seen a lot steeper selling pressure than this. The fact were over 55 on wti and over 60 on brent right now means that the market is still kind of treading water and feel things out at this point. Of course, more comments out of saudi arabia saying this its not going to cut production a. Lot of people saying saudis trying to sell the market, not scare it, reassuring and dont see a need to panic. Still, gas prices on the other hand still declining, guys. 2. 39 according to aaa. Down 85 cents from last year. Consumers saving 420 million a day on gas since the highs. Nat gas crushed here. 9 on the day. 3. 14. When it came below 4 and 3. 50, no one was expecting this but talking about 3 nat gas if Mother Nature doesnt send wild weather our way. Put this altogether in context for consumers, its really good news throughout with the Holiday Shopping, paying less to fuel the automobiles. Paying less to heat their homes and they like that, guys. Back to you. They do, jackie. Especially the one next to me. Thank you so much. Just what impact will such low Energy Prices have on our economy, sfwhil. We have expert halima kroft. I can remember a few years ago we were saying what in the world why is oil going as high as it is and staying there . This premium built in. Now going the other direction asking the same question. Why is it going as low as it is right now . I think the comments over the weekend of the Saudi Oil Minister said we wont do anything to help it recover and prices to 20 a barrel and not going to step in so the saudis, other gulf states, not providing reassurance to remove barrels. So thats why were treading water at this point. Theyre not the agitator, are they . Theyre on the back foot, arent they . Arent we in a situation of much of the supply coming on in the u. S. Is supply thats productive, at least for now, profitable, anyway, thats putting a lot of these traditional producers in a tough spot. Ironically, the more it declines the more they have to keep pumping in order to maintain their coffers, dont they . This is whats fascinating. The staudis said we may have to borrow and playing for the medium term. If we can keep prices down, we can price out the most expensive, nonopec marginal barrel and might be scorched earth. See how much you can take out and live to fight the next day. For how long . Venezuela cant afford this at all. Russia, outside opec cant afford this at this point. And now here in the United States. The shale oil producers. Right. Even, frankly, with saudi arabia it is a bit of a gamble and some people in the media, private sector essentially saying, come on. You know . How long are we going to keep this strategy up . Can you give us a sense of duration . Its a pain threshold and venezuelas the first one to watch. Debt payment in march. The saudis can hold out. What about the russians, especially as congress or is it congress or the president just approved new sanctions . Havent been signed but its amazing, new congressional sanctions essentially penalize any Foreign Company willing to invest in arctic, shale, deepwater. Potentially slows further the growth of russian production over the medium term and the pain is worse for putin in terms of sanctions and low oil price. Thats why it goes back to saudi arabia. Even if they what would they have to say to put a floor under oil here . Yeah. I understand the numbers and how big, what would be their bazooka, the equivalent, what would they have to say or do for oil to find a bottom here . Some of the physical market is tightening and libya production is m coing off and seeing russian decline rate is high this year but will the saudis come out with russia and say, okay, collectively, 2 million is coming off the market. It would have to be a pretty big cut to comfort the market. Is this a time or a price to cry uncle at . I think it is more time. The question is venezuela could hit an immediate wall with the debt payment and theyre powerless. What can they do . Not much. Its question of duration for the gulf states. How about the shale producers and who are already feeling some pain because of the debt levels and so forth . Absolutely. I think the saudis are watching that. How many rigs are coming off . I think watching closely how much nonopec supply to get shut in . Following the rig count closely . Absolutely. I think basically watching to see, just also arctic, brazil. Watching the whole nonopec complex. Were now seeing the increased amount of headlines about wall street firms getting out of the commodities business. That didnt take listening. Players emerging to indicate just how involved they were. In other words, other people involved in commodities during the if you will runup, the bubble almost, now getting out. Does that reiterate that its going to be order for prices to rebound from here . I still remain an optimist. I look at 2016 and say, wait a second. Rig counts taken down and we still have a lot of fragile producers and demand should pick up and it could be setting the stage for 2016 for a rebound in prices. 2016 . Maybe the back half of 2015 but 2016 i expect prices to recover. She lied. This is the last question. How low could we go . Thats the big question. Could you touch 50 . I think we could. When you have that 40 number thrown out there what was that . 33 and change at the low . Thats right. Theres no floor for opec right now. Will i pay 1 something for gasoline again . They are in oklahoma and texas. Im hearing from them. Im waiting for the northeast here. That would be something. Good to see you. Thank you, thank you. Shes chief commodities strategist at rbc markets. You mr. 1, in connecticut, 3. 99 to fill up. Still . Yes, still. Wow. Hard out there. Blame your energy taxes. No, absolutely. I know. About 40 minutes to go here into the close. Were keeping an eye despite everything, exxon is barely down today. The dow having a strong session, up 123. Well send you home with a gallon of gas just to im going to start an interstate gasoline arbitrage. I think its called driving. The rush is on for a lastminute Holiday Shopping. When we come back, were going to hear from somebody who says that investors should not be caught up in all the hype about retail. Why he says stay away from Retail Stocks as we go into the new year. Thats still ahead here. Also, what does bruce willis have to do the bank russia bailed off with the plunging ruble . This unbelievable story is later. Stay tuned. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Welcome back. Heres whats happening out there. Dow up 135. Were only 20 points off the record high and exxon fractionally lower. Tough day for oil as people think it can avord some of the outcomes of the smaller, weaker, heavily indebted rivals. Black friday gets the fair share of attention for officially kicking off the Holiday Shopping season and may be Super Saturday. Did you know it was Super Saturday last week . That may matter more. I didnt know. The last weekend before christmas is the race to the finish line for shoppers and retailers. Lets check in with kate rogers. This weekend on Super Saturday shoppers were getting it done the oldschool way. They were going to stores rather than shopping online as the clock ticks awe at the final opportunities to complete the shopping list. Analysts saw increased foot traffic as consumers feeling the sting of last years delivery debac debacle. Saturday was the number one sales day of the year for retailers raking in as much as 10 billion in sales alone. Now, today and tomorrow, theyre also expected to be heavy shopping days which are ranked number four and number ten in terms of sales for the year f. That forecast is right, its the first time in a decade that Super Saturday outpaces black fridays estimated 9. 1 billion in sales. Analysts say black friday is less of a oneday sale and thanksgiving bringing in 3. 2 billion and if youre wondering whos shopping in the last few days to fill the stockings, we are hearing that its the men who are the procrastinators. Theyre apparently just Getting Started on the list, making this the time for cosmetics, perfume and those will be the most popular in the days leading up to christmas. Back to you. I was just about to say im done and then mentioned stocking stuffers. Whoops. Forgot those. We know where youre going after the show. Thank you, kate. Cnbc. Com Senior Editor says investors shouldnt buy into the hype. I mean, youre saying maybe its too late to get into the stocks. Like we just heard, so theres so much late shopping, individual days dont matter as much as they used to. The earlier staseason starts ea. It ends later. They buy 60 of the goods and that 800 on average and not enough to make a difference. Xrt, its one of the worst possible trades you can make from now until the end of the year. Truly one of the worst. You want to stay away from it. Doesnt participate in the santa claus rally . No. Its better off earlier. At this point its too late. It would have to be new information this time of year, in other words, an unusually large amount of dollars spent unusually late in the season. Priced in, right . Yeah. Hearing billions and billions of dollars, its priced in. Look at gold miners, banks, especially regional banks and even real estate. These are almost guaranteed to make you money. Gold miners . Yeah. Gold miners. That etf by far the best one. Santa claus rally . From now until the end of the year. Do you know why . I think because if you look at overall effect of that january effect, and then people start looking into the calendar in december and start getting ready for it. To put new money to work. Yeah. Gold is one of the thing that iss not a real stock. They dont trade like gold per se. Every year you hear from the people saying this is the year that gold breaks out and every year lately the hopes are dashed. People move away from retailer and go into gold. Retail is worst and gold is the best trade starting right now. Focusing on energy right now. How does it play snout. Energy is actually one of the best trades to make. Energy is really good. A bounce here . Yeah. Thats a bounce of metals, mining, stay away retailer and utility. Youre talking about averages . Averages and the frequency of positive trades. So these good trades are up 75 of the year is going back and 3 to 1 you make money on them. I dont know. I still feel like the reason why these segments make me uncomfortable i feel like so much changes, like, for example, you have an oil price collapse, how relevant 3 out of 4 times it would have rallied . You just retails always a bad choice. All right. Good to see you. If you want to read more, cnbc. Com. Breaking news on comcast and time warner. Julia boorstin has that for us. Thats right. Fcc delaying the merger again. This time, its because of some document production issues. Meaning they have not produced the proper documents for the fcc in a timely manner. Comcast with statement saying they will be making additional production today, tomorrow and confident any outstanding documents will be produced in an expedited manner. This allows staff to review the new materials and remain on track for the transaction review concluded in early 2015. We are pleased that the fcc did not delay the deadline so that work on the transaction will continue and well be filing the final comments tomorrow and should not delay the total approval but the delay within the process. Back over to you. The wheels of government slowly turning. May explain why this wasnt more reaction in the share prices for now. Thank you. Heading toward the close here. I havent seen art cashin Walking Around here. Buy or sell pressure to the close and its buy pressure so far. We were up 137 a moment ago. I was trying to talk about 3 a gallon for a fillup. It was 2. 99. Not 3. 99. Then the joke would be on me if anybody fills up at that price. 2. 99 sounds about right. Existing home sales sclumping to a 6month low in november. Why is housing cooling off as stocks have been heating up . Thats next. And forget about china, india, brazil. Coming up, well tell you why africa may be the hottest and biggest Growth Investment and a great opportunity to play old toto song, as well. You wont believe how companies trying to get in the door early in africa. Stay tuned. Boy, the rally continues. The dow up another ten points in the last few minutes and now a gain of 142 points and, boy, we are a sand wedge away from 18,000 on the industrial average. 11 points shy of the prior closing high from december 5 wthd the super strong jobs number and closing 17,958 and change and now 17,946. Good gains there. Today existing home sales taking a little bit of a dive. Down 6. 1 to just under 5 million. Could be another case of bad news is good news, though, because this report unlikely to push the fed toward an early hike in interest ratd interest make s the market happy. We have to guests. Fred, i mean, you i was just looking at the notes here. You say 2015 could be one of the greatest years of real i state if and only if Oil Prices Stay low. Low Interest Rates havent done it all these years and takes low oil prices to make better real estate. Nope. As i have been saying for years, bill, it is all about jobs and confidence. So now what you have is a situation where were going to keep these low Interest Rate farce long time. Price of oil has come down. People have a few more bucks in their pocket theyre starting to spend, happy about spending it. So now they get a little more confident. Now a few more people get employed. This is all going to turn around to a happiness and i call it the axis of housing happiness in that you have jobs, you have low oil prices and you have low Interest Rates so people are now happy to sit around and let me stay here. This is great. I love it here. Happiness. Its all it is. Sherry, whens your outlook for housing in 2015 . 2015 is going to be a great year for housing, kelly. Part of the reason is slow start in 14. Ending not so great and what happened in between is pushing us in the right direction. Were going to see the same thing in 2015 and end up in 2016 with 5. 5 million in home sales versus 5 million this year. A biggy is the fact of folks struggling with foreclose yurls and negative equity to get past that this year and the first year that the nation recovered and its going to be driven by a bunch of people on that happy axis. Well have firsttime buyer who is i think exceed their 40 historic average in terms of participation. Boomers with the sheer numbers a big impact on housing, especially in the regions to retire to and of course we will have the boomerang buyers who sat out the mandatory waiting period and get back into housing. Housings going to be really nice things in 2015. Everybody loves the Real Estate Market for 2015 and here comes the Federal Reserve. Fred, theyre going to raise Interest Rates. Maybe as early as april if we believe the tea leaves that janet yellen was spreading out last wednesday. That takes away one of your triangle there. No. No way. And even if they do for a second, people ignore it. They wont raise rates . No. Bill, people need a place to live. Yeah. Alternative is to rent and rents are going up faster than Interest Rates. Exactly. Rates are not a big obstacle. It is easier for firsttime buyers to get in. 100 gifts allowed on 5 down conventional loans. I dont ever remember that in the history of fannie mae. Thats going to open up so many more people to get in and get mortgages now. Fred, how did you feel about housing in 2006 . Hah 2006 was the do you remember . Yeah. I remember. I always said that the people i asked people, what was your house worth in 2005 . I said thats basically what its worth after the 2008 crash. 2006 was the beginning. It was the beginning of the end. It was just like, heres all these stupid loans and like ugh. Doesnt make any sense. Were not going to see a repeat of that, kelly no thats done. The real issue is they havent figured out the new market. We have new products. We have the safe hay boar qm loans, rebuttal presumption qm loans and nonqm loans and the origination costs are still high. The products are limited, the products to offer and the costs to charge customers are limited and they havent come close to pricing the risk and we dont have to worry about another subprime bubble until investors and originators make as much money as they did in 2004 and 2005. Thats years off. Sure, nobodys not going to take a mortgage because they dont make money. There are mortgage banking side its a might their with the cfpb but it will be better. We may see rates impacting builders but this is the year of the homebuilder. Thank you both. Happy holidays. I sense were both skeptical. A pleasant surprise if housing picks up as they suggest in 2015. Meanwhile, the dow now you leave me hanging out there. 17,950. No. Im just thinking it through. A lot of themes in there. We should take a look at the builders, in fact, at that etf and note that the s p 500 is trading at 2078 about right now and should be a record high. Why is the music louder . They want us to stop . Will the momentum deliver a yearended santa claus rally for investors . Well talk about that coming up. How can sony prevent itself from another cyberattack streaming the interview online . Will you watch it if its released that way . Your chance to weigh in coming up. If every u. S. Household with a computer used sleep mode when they werent using it, how much could we save on electricity each year . Up to 1 billion . 3 billion . 4. 5 billion . The answer is. Up to 4. 5 billion. Using your computers builtin energysaving features can generate real household savings. Take the energy quiz round 2. Energy lives here. Theres confidence. Then theres trusting your vehicle maintenance to ford service confidence. Our expertise, technology, and high quality parts means your peace of mind. Its no wonder last year we sold over three million tires. And during the big tire event, get up to 140 in mailin rebates on four select tires. Welcome back. Dow within points of closing here at an alltime high. Dominic chu with the big movers. Dom . Handful of points. See if they help. Defense sector, lockheed martin, raytheon and northrop grumman, surging. Facebook hitting an alltime high today in part of mobile advertising growth and up more than 200 since going public back in may of 2013. Different story for gilead sciences. X scripts dropped their drug for a cheaper version to be on the plans. They moved higher on the ground. And natural gas stocks took a hit as prices plum meted. Ultra petroleum, chesapeake energy, range resources to the downside and the very volatile energy trade still continues into the year end, guys. Back over to you. Thanks. With our bob pisani, whens the mood . Energy. Again. What happens when you have high dividends and real livety high capital expend yours, credit issues. S p came out, waiting for them to Say Something about the oil names, european oil names. All talking about, listen, debts, high, dividends, high, oil main asset dropping, you could have credit problems a s essentially what they were talking about. Isnt this the time to buy energy . In theory. The problem is the earnings expectations are still very high. Anadarko nearly 30 times 2013 earnings. Exxon 19 times 2015 earnings. These are not cheap right now. Theyre still going to have to come down more here. Dominic mentioning chesapeake. Some of the shale plays are starting to look very cheap. Probably 13 times forward earnings. A lot of names i could put up a bunch of them, now, guys, you are starting to interest me. Back the you. All right. Bob, thank you for now. Thats bob pisani on the flor. The dow up 113 points right now. The rally continues from last week. Ever since the fed meeting. Yes. Like a spring. We have jonathan and david murray, there they are. Can you tell them apart . By the way, on that you are outlo outlook, a bull bear twin showdown when we come right back. Thank you for being my hero and my dad. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance could be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. All right. Ten minutes to go. We were up 155. Record territory. Art said we have about 450 million to sell into the close but thats not a big number but might be just enough to take the edge off this rally we have been seeing here. Hey, you are not seeing double here. We have a couple of guys that look alike with different views on the market. Joining us now are Jonathan Murray and david murray. Welcome to you both. Whos the bull and the bear. Im da bull. Perennial bull. Were you bullish before . I was bullish 200 ago before it went up and 49, new highs this year. Just i think it is time david, you have turned cautious now. Why . Prudent. Saz i said, the markets up 200 since its low. Thats a heck of a run. Valuations arent screaming by not bad. Theyre not bad. Theyre in check. 16 times earnings. Something like that. Where will you put your money . Bond . Commodities . Good time to take chips off the table. Be smart. Dont be greedy. Where will you put them . Not having a whole lot of cash isnt a terrible thing at all. 15 , 20 cash, depends on you as an investor. Earning a whopping 0. 01 . Where are you putting your money . Dividendpaying companies. International markets. I do like that. The emerging markets are looking really attractive. Even with the dollar strengthening the way it is . We are contrarians. I love to take a broader look at stuff out of favor for two or three years and to carefully deploy capital that way. Its kind of basic and what our parents taught us of averaging in, dont be greeding. Your parents did . Our dad did. And you listened . More mom than dad. Is there a prudent side to your portfolio . Are you edging in any way here . Yeah. I think one of the thing investors dont do is add alternatives enough. Like . I think whether youre looking at credit or looking at long short, commodities. Maybe oil. I think on this weakness, look at adding alternatives. Talk to your advisers of what does well when Interest Rates go up. The treasury from 6 to 2. Right. Since, you know, last five or stocks. Falling Interest Rates. What does well when Interest Rates go up . They will. What is your answer to that . Stocks noncore lated assets. And stock that is have good dividend downside. Innovation in the country is awesome. Cancer therapeutic or water technology, just awesome. And to be an investor, thats what youre investing in. Own blue chip look at highyield bonds and bond funds. Havent fared terribly when Interest Rates go up. All i know is people told us how to position every year for Interest Rates going up. I hope you have to figure that out. Theyve been wrong for three years. Do you do this around the table . No. We get together in pittsburgh with dad and very boring. They love it. Price earnings ratios. We have your mom on the line. No. Cspan had a similar. I dont know if you saw this. They had a similar lineup not long ago on the political realm. They had a conservative and a liberal and the mom called in. They were twins . Wow. I did see that. Mom calling in a minute. Well be back with the guys here in a moment with the closing countdown. After the bell, consumers are loving impact of oil prices on the trips to the gas stations. Thats coming up. Youre watching cnbc, first in business worldwide. Take a closer look at your fidelity green line and youll see just how much it has to offer, especially if youre thinking of moving an old 401 k to a fidelity ira. It gives you a wide range of investment options. And the free help you need to make sure your investments fit your goals and what youre really investing for. Tap into the full power of your fidelity green line. Call today and well make it easy to move that old 401 k to a fidelity rollover ira. Oh and could you turn on air conditioning im starting to sweat. Ill just do it myself. Useless. Thats nice. Sets the mood. Have your entire house within reach, even when your devices arent. Introducing relay by wink its like a robot butler, but not as awkward. Open port twentytwoohoneseven on the firewall for customer db access. Install version twopointthree of db connector and ensure verbose flag is set in case of problems. clapping sound isnt the cloud supposed to make business easier . Get the one that can connect to the systems that you already have. Today theres a new way to work. And its made with ibm. Three minutes left in the trading day. This is what the dow did today. A bit of a rally on the open this morning and moved higher into the close. We are just off the highs here with a gain of 147 points. We are very close to an alltime high and see if we can do that. What went lower . Oil again. Do you know that price of gasoline in this Country National average gone down 88 consecutive days. Thats a record, by the way. Let me show you oil price. Wti crude, 55 a barrel. Has been the price today. Any moment now wti crude. Or maybe not. And natural gas also got hit big time today with a decline of 9 on this expectation that the weather is warmer than had been earlier forecast and one one other thing to tell you about, facebook hit an alltime today. The market cap for facebook 270 billion. Isnt this amazing . Unbelievable. David and Jonathan Murray. Switched places. Didnt think i would notice. Testing you. Nothing is lost on you. Would you buy a facebook at these levels here . It is a great example of how you dont know what the next facebook is going to be or google will be. The best way to own those kinds of companies in my opinion is through a mutual fund where you have a person at the helm to pick them. Yeah. These guys are industry analysts, experts. They know ahead of time what the big institutions are thinking and doing. Too much of a dice roll for most people. Best investment idea for 2015 from the Murray Brothers . Have a plan. Have a plan. We dont plan enough and nows a perfect time, bill, at the end of the year, get together with your loved ones. Put a plan in writing. Whether its saving more money, spending less, who are you going to leave your money to. I didnt expect something so practical. I thought maybe you would say tesla or thats the sexy things. Too micro. But in reality, a perfect whats the average 401 k balance today . Like 27. Theres a crisis facing this country and that is that americans are woefully underprepared for their retirement and started with a plan. Youre 20 cash. So somethings got to be in the market here. I like jonathan. I think that big multicap companies with strong dividend yields and those to benefit of a strong dollar. You know, nonu. S. Manufacturing, for example. But again, mutual fund expert that is know the companies. While we talk, the market going higher. Of course. What do you know . Great to see the Murray Brothers. Markets go down but they never stay down. Words of wisdom. Happy holidays. Thank you for being with us today. A gain of 155. I think just about there. Well talk about that coming up now on the second hour of the closing bell with kelly evans and company. See you tomorrow, kelly. Thank you, bill. Welcome to the closing bell, everybody. Im kelly evans. It appears were going out on record highs. Adding 157 points, i believe at 17,962, if we stayed right here, thats good enough for a record high and same goes for s p 500 at 2078. Up 8. The nasdaq up and laggard on the day only up about a third of 1 . Lets talk about it with michael black, with Sharon Epperson and john nejarian and guy adami. Welcome, everybody. Michael, first one here, record highs, still an affect of janet yellen . Been a straight vertical line up since the fed zwigs last week. Yeah. I dont give janet yellen credit for it. Im still getting over the fed statement. Theres hawkish parts, dovish parts and yet thats the impetus. We got it out of the way. A question and answer for everyone. Sharon, is this janet yellen or others . Retail investors realizing to max out the 401 k contributions and put as much into the accounts before the end of the year as they can and doing some book squaring with their own personal accounts and doing that with the Financial Advisers before they go away for the holiday. John . Lower for longer, rates and Energy Prices. Both are great for the economy going forward, kelly. Into 2015. And i think people once we stopped going down as hard as we were going down in energy every day seemingly finding some footing around the low 50s for crude oil, u. S. Wti, i think thats when the market really found its base. Guy, to you, what do you think here . Accounted for this sharp snap. A question, kelly, blind faith belief that the fed has our back. Thats all. You cant theres no real other explanation for it given the comments and the move. Its all fed all the time. Great while it lasts. Blind faith as i said was a great band, great first album and only great album. What about sharon said about investors getting into the market and dr. Js point about oil prices . What about the other factors . I get the oil prices. You dont think i like the gas station . I have a smile on my face. The next won the nba championship but it cant be dismissed. We are in a sixyear low in commodities and the biggest of history of mankind is cut in half in four months and something going on. Commodities a sixyear low, im in the lower rates camp, as well. I think the reasons we believe that theyre going lower are different. Thats the only difference between me and dr. J at this time. Michael . Im in the lower for longer camp for quite a while. I think the fed is trapped and cant raise rates and saying that for a while. Im trying to reconcile this with this whole lang wage and janet yellen saying april for liftoff or lower for longer wlchlts going on here . Something doesnt compute here and sharon pointed out and some other things going on here. Year end, you name it. What do you think, dr. J . Im looking at the very real possibility in my mind, kelly, buy april, michael, we could be seeing the euro dollar 3 lower or more because i think draghi will have made the move by then, the ecb. 3 lower . A lot of it is priced in now or i think a lot of it will play out. Who knows . Do we see 115 handle which would be more than a 3 move . We could. If we do, again, why would you possibly give your money to spain or italy or france in their bunds or their equivalent thereof when you think that the currencies will make a dramatic move which is what i think. Money flows and puts a cap on rates lower for longer. Sharon . Isnt there Historical Data saying after december now we see the markets start to slide back up and happen through the beginning of the year and historically, we have seen the market come off at this time of year. Are we reading too much into this exactly. Observing a santa claus rally. Seasonality is on the bull side here. Not just a santa claus rally but where we are in the president ial cycle and jeremy granthum known as a bearish, cautious guy talking about how this november to april period is the best part of the president ial cycle and a lot of that going on, as well. Thats why, guy, im wondering, too, we have to turn towards first quarter, Second Quarter of next year and traditionally and sounds like youre saying the president ial cycle stuff, this is a strong period for stocks . Do we pop through 18k . People confuse my comments with what i think is going on in the world is extraordinarily destructive but that doesnt mean the markets cant go higher. I get why the market continues to rally and why it will continue to rally. I just think the reasons why we have got on the where we are is very dangerous. It doesnt matter. Regardless the markets gone up. So, you know, you have made money either way. The structure behind it, the foundation of the market scares me. With that said, some of these single stock stories are tremendous. We have talked about facebook since last quarter and everybody scared by the comments of how much money to spend going forward. Facebook made an alltime high today. I think that stock moves higher. Defense stocks a theme for us for quite sometime. Look at defense stocks today. Outside of gilead the bio tech sector is on fire, as well. Theres things that make sense. But again, the structure, the foundation of the market to me is built in sand. Understood. So what are sticking with this theme for a second, what are names you like here, individual names i mean or sectors if youre more comfortable that way going into 2015 . Yeah, i mean, i dont like a whole lot right here. Thats been wrong but by tactical you can be okay with it. Very short term, i look at retail. Everyones catching on to the gas price story. Afraid of it in october. Slowly came around and now i think reaches a fever pitch with christmas and Everything Else going on. The thing im watching out for there as a blow off top is a conference on january 12th, the icr exchange and can be the height of the euphoria short term. Im not a buyer of u. S. Stocks right here. Its funny. We had eric just last hour saying retail is the last place to be this time of year, never performs well and maybe this is different. Dr. J . Planes, trains, automobiles, late, great john hughes with that movie with john candy. Fab louse movie. I would replace trains. Unit trains are, of course, hauling crude oil. Not as much demand and replace trains with use lines. Planes, cruise lines and automobiles. Those are all going to benefit bigtime, kelly, from this. Thats going to carry well into 2015. So watch those. Sharon . I want to bet on the consumer. Not a specific name or sector but thinking about living in the northeast like me, heating oil, like me, how much less you pay to heat your home this winter and now with the big drop we saw today in that gas price, more than half of the country heating that way. We see a significant drop in expenditures there. Consumers to heat the homes paying a lot less and hopefully good news for them. Agree. A couple of costs are going up and i wonder if we have evidence of where people are spending the money. You like to think discretionary, Health Care Premiums as they transition in this obamacare premium time and data anymore and whether its their mobile phone, whether its their tablet and then, again, just rent that is we have heard about, as well, here. Continue to go up. These three areas siphoning off that dollar that might have otherwise gone to a retailer . Looking at surveys like iff l fidelity and its to save more as a resolution and not spend and the savings is coming after they are spending more on those necessary items you were mentioning whether its a phone or whether its other expenses they have to take care of for their home. It should be Asset Managers . Maybe. Perhaps, guy, what do you like here . Last word as we look people want to save more and lose weight. Are you buying Weight Watchers . I think you hit the nail on the head, kelly. The money were saving in gasoline were paying in health care and rent and paying in other spots. U. S. Consumer is resilient as can be. We all know that. We get it. To help lets not confuse the spending of the u. S. Consumer with the health of the u. S. Consumer. I think thats an important distinction. I like that. Well leave it there. Later guys coming up with the rest of the fast money crew at 5 00 asking Dennis Gartman of the huge drop of natural gas. Coming up here, you wont find too many people lamenting the oil and gas prices but we have a market watcher warning it could be a bad omen for the Global Economy and why. Also ahead, after president obama said sony made a mistake not releasing the interview on the heels of north koreas hack attack, now talk it may be released soon and not in theaters. More details ahead. Keep it here. Heres a question for you when electricity is generated with natural gas instead of todays most used source, how much are co2 emissions reduced . Up to 30 . 45 . 60 . The answer is. Up to 60 less. And thats a big reason why the u. S. Is a world leader in reducing co2 emissions. Take the energy quiz round 2. Energy lives here. Well, consumers feeling the weight in the wallet as gas prices post 88 Straight Days of declines and longest on record. According to my next guest, its not all its cracked up to be and its a symptom of Something Else larger in the Global Economy and not pretty. Bill smead joins us. Explain to us how it does more harm than good long term. Well, it is very good for the United States domestic economy but for investors in s p 500 and other places, youve had a 10year move from 2000, 2010 where everyone organized investments around the globally synchronized trade. The wellknown fact that 400 million middle class citizens want the same thing that people in the United States wanted. They just left out a few important facts, like somebody that makes 8,000 a year thats considered middle class in a developing country isnt going to buy the same things that somebody making 50,000 in the United States. So, bill, if youre right and everyones on the wrong side of a trade or set of assumptions, what happens now . What does look attractive . Who are the winners and losers here . Why is this such a bad sign as youre kind of putting it for the Global Economy here . Well, you know, if we didnt have 86 Million People in the United States between 19 and 37, which is 6 million more than the baby boomers my age group, there would be reason to be depressed but you can be very positive. Theyre going to emerge. The most exciting emerging market in the world millennials that did everything later in life and get around to doing it and as the baton gets passed from the boomers to the ecoboomers to lead the economy, you will begin to see the multiplier effects we have in an economic recovery. For example, everybodys down in the dumps on the housing number. Theyre just getting married and having a child and until the baby is screaming, you dont want that standalone house but when they do and the numbers explode two or three years, everybody scrambles trying to find out what companies to own to make money from there. Bill, its very interesting report that youve put out about this and also about the ecoboomers and where their investments will be. You say housing. Are there specific names or locations . Because the housing industry will be more approachable and better for millennials in certain areas. We own the fifth largest homebuilder, nvr, ryan homes out of the midatlantic region and 80 is firsttime home buyer oriented market. We own a lot of what i call the second tier things. Berkshire hathaway is a conglomerate of companies and weighted to mortgage activity for ecoboomers through bank america and wells fargo, carpet, paint, second largest real estate broken and. Warren buffett has his sign on communities across the country. So thats the kind of ways that were going about getting at this. Now, i might add that since most large institutions and High Net Worth individuals are way overweighted in private equity and widely diversified investments, it is going to be the same kind of phase at 2000 and 2010 and large money groups trying to get at the trade. Out of which trade . At or out of this trade . All of these institutions with a ton of money to work will mimic what Warren Buffett is investing in, u. S. Economy and the millennials driving it . Yeah. Just think of the frustration as things slow in the emerging world, the Consumer Staple Companies that made a ton of money off the growth in the emerging markets, the earnings are very difficult because the dollars getting stronger and the brazil and russia and theyre not going to be the discuss merles that the folks thought they were going to be and in the United States millennials dont need more qtips or ketchup. They dont need more toilet paper. So or tooth paste. What will happen is earnings are going to be difficult for International Streams of revenue which, by the way, also might include technology in that list of company that is are getting a lot of revenue outside the United States and slows down and what will accelerate is domestic Revenue Streams and the s p is not set up well for that. Hey, bill, you know, again, great points. I see you on the demographics and energy and strong dollar. A number to throw at you. 1. 3 trillion, Student Loans outstanding and i think seen as a bit of a damper on some of the housing recovery here accelerating. Do you have any thoughts on that . What can be done s. That a problem . Something were thinking about here. Thank you for bringing that up. First of all, its been made turned into a contentious subject. Average balance is around 24,000 a student. The millennials who are average age about 28 when i was 28 i had a 100,000 mortgage. Or larger. And i didnt have Student Loan Debt. What would you rather have right now, single with 24,000 in Student Loan Debt or be married with 100,000 in mortgage debt . The Balance Sheet of the average 28yearold is the best 28yearolds have ever been because everybody was married by then in 50 years. Bill, its interesting, though, because the argument isnt just about the way the Balance Sheet looks today we evolve over time and ultimately at least if youre carrying a house do you think thats going to generate appreciation and contribute to all the kinds of statistics we hear about, earn more, married, kids, contribute more longterm to the longterm economy. Is there a danger that the generation doesnt fall into that or do you think its just going to come later . I love you for asking that question and its one of the funnest things we do in the work right now. The answer to it is since people wait so much later to get married they dont young males dont do anything about the Student Loan Debt until they have somebody else to worry about besides themselves and the jeff that lives at home phenomenon so the reality is most of that debt is attached to people that went to prestigious colleges, became doctors, became lawyers, became highly educated professionals or graduate students at the best colleges. The average 35yearold that went to college and got a fouryear degree makes 25,000 a year in their lifetime than a noncollege educated person. You think an average of 24,000 in debt is a good idea to make 25,000 more a year between 35 and 65 . I think so. That has all been blown out of proportion. You get the young men in the late 20s, a wife, a screaming baby, the honeydo list kicks in and like Warren Buffett says, hormones and dont like the inlaws that much takes over. We have to let you go. I love this. Circling back saying that you were striking a cautious note about the Global Economy. Is there anything to be cautioned about, warned about here . Yeah. The chinese stock market is doing a lot better. Primarily because the things that the chinese used to invest in like gold and six or seven additional apartments are doing lousy. But people should not construe that to think thats connected to their economy doing better. The price of oil is telling you where things are doing in china. All right. Bill, thank you. Refreshing perspective this afternoon. Have a wonderful holiday. As we march along here. President obama called sonys pulling of the interview a mistake. Shortly after the president made that comment, democratic congressman brad sherman on this program said sony should show the film to congress. I think that sony should make it available to congress and i think we would want to screen it right there in the rayburn building across the street from the capitol. With washington beating the drums for sony to stand up to north korean hack attack, sword the movie may way it to the public. What would that mean for sony and companies that help distribute it . Thats next. You can go to cnbc. Com vote if you would watch it. And cialis for daily useor you. Helps you be Ready Anytime the moment is right. Cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid long term injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. You dont need to think about the energy that makes our lives possible. Because we do. Were exxonmobil and powering the world responsibly is our job. Because boiling an egg. Isnt as simple as just boiling an egg. Life takes energy. Energy lives here. Welcome back. We kick off with dominic chu. Were watching shares of chesapeake oil, Natural Gas Prices weakened throughout the course of the session. The stock moving higher in the after hours on news of a 1 billion Share Repurchase program that chesapeakes putting in place. Those shares lost 7 in the regular trade and up by 2. 5 in the after market now. All right. Thank you. Ever since Sony Pictures Computer Systems hacked on november 24th over the release of the interview, the talk of the country and the world and the emails replaced by what they should do now that the cia stated it was the worth of north korea. Tracking the chatter inside and outside the beltway. Reporter there does appear to be an outage or disruption at this hour of north korean internet access. They dont have a lot on the internet as you would imagine in north korea but they have ip addresses and showing signs of disruption. I asked National Security council whether the United States was behind that and what i was told by an official is they dont have any new announcements to make about north korea today. So the white house not confirming or denying they have anything to do with whats going on in north korean internet infrastructure right now. Over at the state department today, a suggestion of north korea to do to redeem itself here, a state Department Spokesperson saying north korea might owe sony some money. Take a listen. We are confident the north korean government is responsible for this destructive attack. We stand by this conclusion. The government of north korea has a long history of denying responsibility for destructive and provocative actions. They could compensate sony for the damages that they caused. Reporter she didnt say how much north korea ought to pesony for the damages and she didnt say how sony gets against sanctions. Only suggesting that some sort of a workaround might be able to be put in place there. An interesting suggestion there from the state department now, kelly. Probably not one were going to see the North Koreans take up too soon. All right. Thank you for now. If sony shifts to streaming the interview online . Does it put companies at risk . Well ask an expert in a moment. Will you be watching it if it is streamed online . You can go to cnbc. Com vote and let us know and bring in mike potts here. Mike, its great to have you here. What risk are these companies at should any of them take on the potential vulnerability of being hammed by the North Koreans here if they were to stream this movie . Good afternoon, kelly. The question isnt of a nationbased attack or a cyberattack but inevitable. Every company is under sewaiege. We will be attacked but good thing is theres a way to get ahead of these attackers and that is doing what a lot of customers do and thats getting visibility turning it into an online sensor to detect behavior patterns aenl in the case of sony, allegedly with these attackers coming in back in february, companies are using products like ours would have been able to detect the unusual state of this activity. And now that is really in demand that we guard our network from the inside out much like what we have done over the past decade from the outside in using printer based defense systems. Dr. J, a question if i may put you on the spot. How do you feel about lets share youre a shareholder of google, would you support them streaming this movie . Sure, i would, i would. I know that each companys going to have to decide for itself, netflix, google, amazon. Itunes for that matter. Whether or not theyd be willing to take the risk of the hack that would inevitably be attempted. But yeah. I would support it. Although from all of the reviews that we were seeing ahead of the movie i dont think its going to have the big pull that the studio wished in the first place for this movie. Would you, by the way, support michael block, the companies . Yeah. This is a fact of life. The way things go. Face it. Im sure that our guest could speak to this, as well. Everyone does this. Were reading about iran with the who was responsible for that . If it wasnt for us, someone were friends for. Whoops. Did i say that out loud . Its a clear invitation. If it didnt happen, it is a surprise taking on the North Koreans as a company. Where does that end . You mentioned google. Do they alter the search results and because what shows up in priority offends somebody . They do that in chi in. Stopped going to china. They pulled out. This is something that the guest can speak of. Streaming video, are some of those Companies Much better prepared than sony was from the out set . 90 of the viewers say theyd watch it. Why wouldnt you say yes im going to do that . Mike . Well, i would hope that the companies that are entertaining, distributing the product much better prepared than sony was. I mean, the end of the day without having the disclosure of everything that transpired, there were 100 te ra bytes of data distrinted. Put it in perspective. The library of congress with every paper Edition Published into a medium would be 10 terabytes. It is a massive amount of data somebody at sony if they had visibility what was happening on the network would have seen that. So my belief is that some of the other companies have better operational procedures in place to protect themselves. We all know it is a matter of time. No longer a question of if. And its much like a cold. Better prepared you are to fight a cold, the better off you will be to actually fight it off when you catch it and then in this case returning a network to a normal state. Mike, are you going to watch this movie if its streamed online . Theres enough curiosity i probably have to. We have to go. By the way, could your firm given that youre in the security arena show it . Were not set up to stream media like that. In the entertainment business. But thanks for asking me. Maybe partner with somebody who can. Understood. Mike potts, thank you. Well close our poll now. Clearly, 92 , 93 of people saying they will watch this movie if it is streamed online. Good movie, generally critically speaking, or not. Markets are another alltime high. New records have users flocking to cnbc. Com. And the other market stories that have been generating heat today. Hi. Pete and jon najarian here in new york city outside of the nasdaq, where we bring you live daily market updates. And today, we have a very special free gift for you. So many viewers email us wanting to know our secrets on how we trade options. So we put our secrets into a new book. And if youre one of the first 250 people to call in right now and just cover shipping and handling, well send you a copy for free. Look at the rate of return weve made on some of our recent options trades, versus what we would have made had we just bought the stock. Theres no comparison. To make the best returns in todays market, you have to learn how to trade options. And our book will show you how to do it for free. Jon has been Trading Options for more than 30 years. Pete is one of the top 100 traders in the country. And our book will teach you how to trade options for free. So call now. [ male announcer ] call the number on your screen now for your free copy of jon and petes new book. Thats. see the number on your screen call now. New market highs. New oil and gas lows. Two stories dominating the hot list. Allen joins us with what users are diving into. Good to see you. Online. The market Coverage Today as usual with a big move like today, people diving into the market coverage. One story really catching attention right now is the our look at whats happening on Natural Gas Prices. Kind of bottomed out there. 3. 12 per btu and not long ago up around 6 per btu. Traders say they see panic selling with the spade of warm weather nobody was expecting and betting on gas prices going up. Thats a point. We have a wrapup of a survey of wall street analysts and what they see going on for next year. 15 of them surveyed and they actually had a median gain for the dow of about 7 . Not too bad. Were up about 12 this year. And then finally, another story thats been pulling all day long, the Saudi Oil Minister coming out and saying we dont care if oil is 20 bucks a barrel, we will produce the same level. People love that and we think theyre reading that story and diving into the market coverage of the markets going up so there you go. All that stuff. Mapping it out for us. Thank you very much. Were counting down to 2015. Just nine days away. Up next, dominic chus sports predictions for the new year and how you can cash in and whether its the nhl, mlb or nba, chances are the jersey is made by 47 brand. Coming up, the chief executive of the Sports Apparel retailer and how the Holiday Shopping season is going and what he is predicting for the new year. vo rush hour around here starts at 6 30 a. M. On the nose. But for me, it starts with the opening bell. And the rush i get, lasts way more than an hour. announcer at scottrade, we share your passion for trading. Thats why weve built powerful technology to alert you to your next opportunity. Because at scottrade, our passion is to power yours. All right. This week looking ahead to the new year, giving investors a playbook how to cash in for 2015. Well begin with dominic chu and how he fared. Bold last year saying the monster mlb deals with ar thing of the past. Strike one. Okay. He also predicted the nfl would embrace next gen media technologies. Well, right there with the league producing nfl now this year, he gets a check mark. Finally, dom said 2014 would be a Tipping Point for Major League Soccer. He is half right. Television rates up. So thats 1 1 2, i guess. 50 . Well take it. Whats dom predicting for 2015 . Heres a look. From arod to Donald Sterling to ray rice, scandals plagued the sports world in 2014. Here are three bold predictions for 2015. The nfl crosses the pond. After sellout crowds for three games at wimbley stadium in 2014,the National Football league will announce an International Franchise in london. Were not talking about nfl europe part 2. With more than 8 million casual nfl fans in the uk, there is demand and passion. Student athletes cash in. As ncaa revenues grow, so will the Bank Accounts of student athletes. The ncaa will continue to loosen rules to allow the opportunity to get paid. And not just scholarships but also a cut of the money they help bring into each school. This could be a game changer. Two words triple crown. The year, 1978. The horse, affirm. The last one to win the most coveted distinction in horse racing. 12 horses since then have had a shot and all fell short at the Belmont Stakes and its torturous mile and a half track. In 2015, the triple crown drought ends. Oh. Hmm. What . Dominic chu joins us now. A predictions or wish list . They said to be bold. Im as bold as possible. We know that the nfl has not even put on the table an l. A. Franchise for right now so the uk might be a bit of a stretch. You know, it is an intriguing thought. Listen. I went to those games in london. It was a pretty big draw. Theyre selling out and thats a big revenue so i think some point you will see its not the world league of american football and could be big. Ncaa athletes thing is interestinging if they get paid or talk about whether or not theres some kind of a revenue sharing agreement. Triple crown thing is interesting because its been a while and we have thought it would happen. Maybe this time it happens. I can just tell you that the most robust discussion on the news desk of 2015 predictions is where jim harbaugh will coach next year. Will it be at michigan . Will it be somewhere else in the nfl . Theres guys up here with a lot of thoughts. One of the guys including mark fisherman says almost a shoein to go to michigan. What say you, dr. J . Michigan or the oakland raiders. Those are the two frontrunners. I think people say across the bay. Can you imagine . I dont know. Niners fan. I cant imagine it. Michael, we were talking here about the premier league going back to doms prediction of Major League Soccer making more gains. It has a little bit but so, too, has soccer, football, if you will, across the pond. Here people watching. Look at today even. Quite a phenomenal. We were talking about the chelseastoke match. Im an arsenal fan myself. Any thoughts of epl and the mls getting further penetration this year . Are there any new thoughts here . Mls half right on the way. Whens next for soccer . That whole epl, english premier League Soccer thesis is why i thought it would take off big and the world cup and you can see it on nbc sports network, of course. A lot of people have an affinity towards english soccer and you wonder whether its the beginning and start transmitting and broadcasting all kinds of european matches and that really starts to get people involved. Soccer is a sport thats starting to get more traction with kids across the country so it may be a few years off but soccer is a demographic trend to be here to stay. I like that you stuck your neck out there. Thank you. We have a major play in the Sports Apparel business with us and the only brand exclusive rights across all leagues, that includes major league baseball, National Football league and National Basketball association and National Hockey league. 47 brand ceo steven deanglo joins me exclusively. Are you seeing a pickup on Oil Price Declines . Talk to us about the trends. Hows the business . Hey, kelly. How are you . Our business is really strong. The license business continues to grow and be a strong growth area at retail. Well, Sharon Epperson here might have questions of your Pricing Power in 2015. With a 12yearold basketball player that wants every jersey out there it seems like, i want the know how does the nba get paid based on the licensing or whens the arrangement and why are tshirts with little logos so much less than the custom jersey special varsity whatever hes asking for. Well, the introductions a little off. We dont have exclusive rights. We are the only company that has headwear and apparel in the professional sports leagues and colleges. So were not in the Jersey Business but usually the way how about the hat instead. Thats probably a good answer. But its typically based on a royalty rate and thats how the leagues get paid. When you sell it to a retailer, each league has a different sort of setup and based on a price point, you pay them on your wholesale price to a retailer. Thats the royalty rate to the league so jerseys tend to be more expensive than tshirts and its at a higher price. Depends also on the size of the logo, does it not . Years ago in the sports retailing business and we actually had like 17 different locations where we sold pa paraphrenalia and the larger the lo logo, the more you bad to pay. Is that still the case . What that tends to be is based on embroidery costs or applique cost and typically the more embroidery stitches or larger applique, the more expensive it is to manufacture. And it raises the price of the wholesale which raises the price of the retail. Okay. On a lastminute in terms of royal rate. Im sorry. No. I was going to say as a lastminute shopper, what is your best sell rear right now . What should people be getting . We specialize in tshirts and headwear and we have beautiful, beautiful quality tshirts and the best headwear in the business so its still not too late so come to 47 brand. Com and pick up some unbelievable beautiful stuff. Any stuff from the english premier league, steven . Its funny. Were we are in the process of doing a deal domestically with the premiership but thats not going to be until fall of 2015. Listening in, we an i gree completely with the demographic changing and the soccer world sort of changing and its going to become big here in the United States. Well watch for it. Always next Holiday Season. Steven, thank you so much for being here this afternoon. Ceo over at 47 brand. Stocks are closing at record highs in the u. S. Today. To find the next opportunity, you veal to look overseas and may be surprised where that is when we come back. Oman] can it t appointment when my teeth are ready . [girl] can it tell the doctor how long i have to wear this thing . [man] can it tell the Flight Attendant to please not wake me this time . The answer is yes, it can. So, the question your customers are really asking is, can your business deliver . Theres confidence. Then theres trusting your vehicle maintenance to ford service confidence. Our expertise, technology, and high quality parts means your peace of mind. Its no wonder last year we sold over three million tires. And during the big tire event, get up to 140 in mailin rebates on four select tires. Welcome back with cnbc turning 25 this year weve been taking a deep dive into what the next 25 years in business will look like. Were joined with what the greatest opportunity in the world will be. In 25 years, what do you see . Were headed to africa. Thats where the numbers of consumers will multiply over the next 25 years. First, you got to look at population growth. Look at the start gap, the growth in africa and every other continent. But this doesnt tell the entire story. With the help of rising investment from china and the west over in africa, we should see the development of resources and infrastructure along with Better Regulation and the impact of urbanization, africas population is seeing more and more Economic Growth and disposable income. How are western Companies Taking advantage of the new opportunities . Cocacola, for example, has been in there for years. It just recently partnered with its bottling in Bt Global Services to provide underserved South African communities with free wifi which will be built into coke vending machines. In april, another example, Marriott Hotels increased its footprint by buying a local chain acquiring 116 Hotels Across seven counties in the continent doubling its rooms in africa. Major Beer Companies caught on years ago. Theyve been figuring out ways to introduce beers that a appeal to local tastes and incomes. They replaced the barley malt in brewing with locally grown casaba. They rely on these local crops to support the communities and make Higher Quality but lower priced beer. It will not be enough that prakter and gamble gets 1 of its total sales from africa or cole gate at 2 or cocacola at 4 . Theyll have to figure out ways to establish a bigger presence and navigate the challenges and how to meet the needs of this booming population. Yeah, exciting times, though, sara, they certainly are. And another record day on wall street. Could we see dow 18,000 tomorrow . Stamps. Com is the best. I dont have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps. Com you can print real u. S. Postage for all your letters and packages. I have exactly the amount of postage i need, the instant i need it. Can you print only stamps . No. First class. Priority mail. Certified. International. And the mail man picks it up. I dont leave the shop anymore. [ male announcer ] get a 4 week trial plus 100 in extras including postage and a digital scale. Go to stamps. Com tv and never go to the post office again. Including postage and a digital scale. Because it helps me skip the bad stuff. Im good. Thats what i like to call, the meta effect. 4in1 multihealth metamucil now clinically proven to help you feel less hungry between meals. Experience the meta effect with our new multihealth wellness line. Welcome back. For the 50th time this year the s p 500 has closed at a record high. The Dow Jones Industrial average today also going out on a record high at that last minute gain of 154 points. The prior record was 17958. Today we did 17959. Turning to the panel here, guys, is it justified, dr. J . It is justified. Like i say, companies are financing debts, lowest prices in history, refinancing debt, issuing debt, thats going forward. Its not just consumers, planes, cruise lines and automobiles and retailers and a whole host of others. I dont think its overdone but amazing that were just doing it by inches each time. Were not leaping over there, even though its 154 point gain we beat the old record by a point. Funny to see how this stacks up compared to past years when the market was trading higher. In 2007 for the s p with a hat tip to our data team we only had nine record closes. In the year 2000 we had four. You have to go all the way back to 1995 when we had 77 record closes. Im not sure what that means, what that tells us. If you look at other trends in the santa claus rally we were talking about, the last trading days of the year, the s p 500 being higher, weve seen that happen in the last six years and 17 in the last 20 years. So while weve had these bull markets, its not unusual for this to happen, whether or not its 150 points or 1 point ahead of the last record, that may be how we do it, but unlikely to see the same trend again. This has been hard to fight, but im going to fight it. Bill sneed was on the show earlier. He made an interesting turn of phrase where he said investors have organized themselves. Thats a really key word. Some of the reading work ive been doing in the finance world has kind of related back to the science of earthquakes and seismology and talks about how investors selforganize. Where everyone goes the same way and everything moves around. Were seeing a lot of that here, where energy moves get exacerbated, we saw what happened to the biotech names today. Energy weekness is good for consumer stocks. We talked about that quite a bit today. But all this volatility leads to little cracks in the earth. And when everythings kind of working against each other, everythings fine. But everything goes the same way. Interesting that you brought this up as well because weve had more coverage lately about the etf world and to what extent the creation of the etf products themselves contributing to this behavior, some of the risks in the market. Are there risks with regard to being in etfs and trading in these products that investors need to know about . Ive been talking about this for a while. Liquidity was not what it was when these things were invented in 2007 or even 2009 and 10. Theres a chance for these all to go at once. Markets do well when theres disorder. Guys saying one thing and everyones opposing them and buyers and sellers. Where we run into a problem, ironically is when the chaos ends and theres order, everyone goes the same way. I dont know if we want to see that. I fear theres a chance we can see that in all the recent behavior and volatility tells me were more likely to see that than six months ago. Thats why you see people more cautious lately, but youre saying dont worry . Im always worried about what we dont know. Thats why when were seeing the blowup in energy and so forth, what i was worried about was who has an s p put linked to a crude oil delivery that, you know, theyre on the wrong side of both bets. And then all of a sudden they have to unwind that all at once. Thats what i worry about. Those kind of things that we dont know are out there because theyre off the Balance Sheet. Theres a lot that you dont know. Be prepared for even if we have another santa claus rally be prepared for more volatility in 2015. That doesnt mean get out, just be prepared so you can handle it. Good to see you. Fast money coming up in a few moments with melissa lee. Whats on tap . Big move in gil add today, down 15 . Big moves in biotech off of the scripps news. One would say this is your buying opportunity because the stock is cheap. Get the reason behind this call. Got to hear this one. Over to you guys. Fast money starts right now live from the nasdaq marketplace in new york citys times square. Tim seymour, brian kelly, karen finerman, gil add having their worst day in 14 years. Weve got somebody who says this is not the time to ditch the stock. But the Technology Sector sending the s p to its 50th fivezero record close of the year. The tech sector hitting highest levels since 2000 with names like intel, cisco, apple, qualcomm leading the charge. Every five trading days. Every week. Its getting a little
comparemela.com © 2020. All Rights Reserved.