Too. Weve got someone who says its time to start buying names in the energy space and he will tell you where. And with the potential recovery in commodities on the horizon, is the junk bond scare already a thing of the past . We were just getting used to this thing. Weve got a top high yield strategist to give us his take. Weve got the latest details on the frenemy relationship developing between amazon and ups. Thats an interesting story there thats ongoing. Lets start with nike. The shares making quite the reversal. The Company Reported solid numbers for the quarter last night. Pleasing investors, taking the stock to alltime highs. Joining us now is oliver. We were talking last night about whether it would break out above the 134 level. Today it cant even hold that. What do you think is going on here . I think its a matter of managing expectations. Investors got really ahead of themselves. Great quarter once again. Just about every business segment is doing well. Im a little surprised by the pullback. But again, one day doesnt change the trend. Were very bullish on the stock. Its one of our favorites going into 2016. Also joining us is camilo lyon. Youre not quite as bullish. Shares were priced to perfection, and the company didnt meet that perfection, right . Well, we didnt think that the quarter was as rosy as the headline number would have indicated. The beat really came from a lower tax rate. They missed some of the sales number. They got it to i think today call it a 10 revenue growth. This was certainly less perfect. Its a pretty High Standard that theyre being held to here. You talked about the futures number. That was quite healthy. The china number. What about that . Especially being their key growth market. Very surprising, to say the least. Astonishing, actually. But the fact is the revenue guidance even if there is a bit of conservatism, theres a disconnect with the futures that is at the very least perplexing. Typically, the futures numbers are a good leading indicator for the growth rate in the next couple quarters. This goaround, and it happened last quarter as well, reporting growth has come in below that futures number. So its almost like that indication Going Forward is becoming less and less indicative. And oliver, its already had a heck of a run. The best performing dow stock this year. You dont have to look very far for headwinds for this company. The strong dollar being a primary example of that. Are there going to be headwinds . Yes . You have the potential for some margin compression in 2016. Im executing really, really well. The womens segment is growing rapidly. A lot of room left to go. Internationally theyre growing. People pointing to things like the euro. That was a one time thing. But soccer is played every day everywhere around the world. So it really isnt. If you look at an s p 500, and expecting it to gain somewhere between 4 and 6 in 2016, nike will outperform that in my view, and in our view. So thats why we like the stock. Its not that we think that everything is rosecolored and perfect. But if youre going to be invested, invest in a company thats growing revenue, thats taking margt shae ining market performing well. What do you make of camilos point that it isnt necessarily translating into revenues the last couple of quarters . Thats one of the issues when you have your order book growing. It looks wonderful on paper. Until you deliver the goods, it doesnt translate into revenue. I do think that theyre managing the process well enough and theyre delivering on that, and their Product Innovation is terrific, that that will translate into sales. Because youre not seeing cancellations. Youre not seeing things that are overly negative there. And so again, from our perspective, we look at nike as just a wonderful growth story. And i put it this way. Its a wonderful kind of melding of technology and consumer discretionary. Because theyre using Technology Better than just about anybody else out there. I mean, in terms of understanding their customers, its just horrific. Its just a question of where youre going to put your money, this is a better place than most. Thank you. Appreciate your thoughts today on nike. Nike, the perfect example of the big debate shaping up for 2016, growth versus value. Bob pisani is here to explain why. The important thing is values underperform growth for many years. Right now for the last few days, value stocks, energy stocks. Look at some of the energy names. These names are done 30, 40, 50 on the year. Look at this as just today. You think people are trying to buy beaten up names . Dont poopoo it. That can be the difference in being the green or the red. Growth stocks are having a slightly tougher time. Activision is a big growth name. Facebook. Exteed exped expedia. Theyre all down. Growth stocks have outperformed value stocks. Those are the growth names. Theyve outperformed the overhaul market. I think this is an interesting argumentment. A lot has to work for value to work in 2016. Number one, youve got to get oil stabilizing. This is a pretty tall order. The consensus, everybody, you know this, we get another year below trend growth and oil is going to struggle to rise. Thats the consensus. You can see these beaten up value names. Alcoa is up 10 in two days. So play the end of the year santa claus rally. I think you can make some money at it. The big question is will it work into 2016 . Back to you. Value investors tend to be very patient, but this has tried even the most patient of the Value Investors this market has. Thanks, bob. See you later. Time for our Closing Bell Exchange on Christmas Eve eve. Susan fulton, Rick Santelli is in chicago for us. Mike santoli hates this when i refer to the santa claus rally. Whatever you call it, its day three of a pretty good rally. I think its more of this volatility that were going to experience. Its going to go into the beginning of january as well. Were virtually unchanged, though, from the end of october, when you really look at the numbers across the board. If you were to look at the charts of the major indexes, the dow and the s p in particular, weve really been consolidating into an indecision triangle type of formation. We probably wont get some clarity on that until the end of january. So youre going to see this trade is really occurring more along the lines of what we saw happen with energy, Higher Oil Prices translates to greater consumption, which us a tenoste means greater economic earnings. The energy complex. Basic materials as well as the industrials. I think well see a rally for santa claus. Are you buying growth names . Value names . How do you think 2016 looks . We tend to like value. We like stocks that pay a dividend. Theyll probably wait on adding amaz amazon. We like t. J. Maxx. We like anything that doesnt look like its going to be run over by amazon. Which is everybody else, isnt it . Everybody else. One of the things that came up earlier today, that id just like to comment on is i dont think anyone is looking at nike and recognizing the risk theyre taking and going into brazil as strong as they are with the olympics. Is that because of the political backdrop . You not only have the political backdrop, but you have the corruption backdrop. The corruption backdrop can cause tracking. Are for there were a highprofile tragedy at the olympics, that could seriously harm nikes reputation . I think it could. I dont say its going to. But i do think no ones building that into the pie. We certainly hope that doesnt happen. Rick santelli, what are you watching as we go into the last week of the year here in your markets . Well, i find it fascinating, the s p is almost exactly unchanged on the year as it sits right now. The dow is about one and a third percent behind the eight ball. I think weve crossed through unchanged in the s p and the dow so many times, i think that its natural for the market to close. If theres any surprise, i would think its the upside. Today was one of these sessions on the floor where everybody was paying attention to issues that werent necessarily global issues. Not even necessarily fundamental issues. Rates were somewhat floating and correlated with that move. All things considered, i think all the issues weve been talking about the last month, you brought up high yield. I think all those things will come back in january. But i dont see any negative surprises here for the final couple weeks of 2015. As a matter of fact, i think ill be more surprised if stocks didnt all close in positive territory. The indexes, that is, than not. Thank you, folks. Merry christmas. Heading to the close here, 49 minutes left in the trading session, and its another rally day. Whether you call it A Santa Claus rally or not. Up 164 points right now on the dow industrials. Exxon up nicely, too. Up next, the Energy Companies that could perform best if the crude comeback continues. And are your Christmas Gifts in danger of not arriving on time . Well tell you which companies are delivering for customers and which are not. Thats still to come on closing bell. Welcome back. We have a shortened session tomorrow. Today we have a nice rally shaping up. The dow is up 150 points. The s p up 22. The nasdaq up 37. We should emphasize a lot of this is rebounding today. Chevron and exxon are some of the best bperformers. Bertha coombs is at the nymex with details on that. It was an eye opener. Analysts were looking for a build when it comes to inventories. We saw 5. 9 million barrel drawdown despite the fact that we actually saw a build in supplies at the wti nymex. That spent the entire complex higher today. And what a lot of traders are saying is a relief rally. A number of the gulf refiners are probably drawing down their inventories to try to reduce their tax exposure on a local basis. We continue to see crude slightly above brand. Traders are betting thats going to continue into the new year. They have more surprise coming from iran. As you look into the new year, whos going to blink first and really cut back on production . Thats a good point. Our next guest says they cannot be accurate in the near term. No kidding. Investors should focus on what they can control. He is Brian Youngberg joining us now. Good to see you. Welcome. Thanks for having me. Youre going to get these volatile swings anyway based on inventory or pronouncements from opec or whatever. Youre not going to see 95 oil for the next 25 years. Do you have a 25year target on oil . I think its hard enough to predict where oil is going to be next week, or next month, let alone 25 years from now. We think oil prices will be higher in 2016 than 2015. The timing obviously and the scale is impossible to predict, obviously. We think well see continued reduction in supply in the u. S. We think well see demands begin to pick up a little bit as the Global Economy hopefully improves here in the coming months. We think that will be enough to Push Oil Prices higher and we think they can rise from there. Just thinking about the deal making we might see, even if prices managed to hold these levels or edge a little bit higher. Is that going to be enough . Whats going to be the catalyst for consolidation that i assume is now needing to happen across the energy patch . Or there will be . Will it just be that we say goodbye to a number of these firms . Ive been saying for quite a while, a year, year and a half, that we would not seek consolidation for a while. The buyers and sellers have different price outlets. You dont have a lot of desperate sellers out there. You really dont have as many buyers as people think. A lot of Big Companies are being told to focus on what they have already and fix that. We saw that just a week or so ago. Devon energy made a good longterm acquisition, but in the nearterm, the market hated it. So we think theres a big issue there between all that. I think until you get some desperate sellers out there, youre not going to see a lot. Lets make this meaningful to investors. Who do you like then Going Forward . Who would you make money from, do you think . Of the larger integrateds in the u. S. , we like chevron. Their projects in australia are going from money users to money generators Going Forward. Do you think theyre dividend safe . We do believe the dividend is safe. We didnt raise it last year for the first time in three decades. We think the dividend is definitely safe. A great track record here lately of improving operations. In the expiration production space, we like eog resources. A leader in shale. Offense and defense is a great thing to be able to do. We think they can turn it on again. And then the oilfilled services. The dominant global name is schlumberger. We really like the international presence. They pay a great dividend. We actually do think they can raise overtime. Jim thinks betting on it are going to be really hard pressed Going Forward. Why do you cite that as a positive for chevron . In the near term, there are going to be issues in spot market. We think the big picture, longterm, were going to see increases of liquefied natural gas, whether its an industrial standpoint, power generation. Were going to see over time that is really one of the best growth areas within energy that these Larger Companies are going to really capitalize on. Well see. Brian, thank you so much. Thank you. About 40 minutes to go here. Chevron is one of the companies actually leading the dow higher by about 3. 5 . That index up 165 points. At the moment, a 1 gain on the last whole trading session of the week. Tomorrow is short. Up next, why amazon may be one step closer to viewing ups as a competitor, not a partner. Plus, find out why the summerlike temperatures along the east coast may end up playing havoc with the broader economy. Were back in a moment. The rally continues on wall street today. The post is behind us. I was going to say i dont know who that is. The dow is up 179 points right now. The s p is the better performer today, up 1. 1 . By the way, bed, bath beyond shares under pressure after slashing its Third Quarter profit forecast because of increasing competition from online retailers. As our guest in the a block said. Theyve been amazoned. Thats the way to put it. The race is on to get those lastminute Christmas Gifts delivered by tomorrow. Bills a little chilly today. Weve got the yule log out for him. It may be a very close call in some cases. Morgan, what more can you tell us . Heres the good news. Its not as close a call as recent years. Ship matrix estimates 60 million packages will be delivered on Christmas Eve, with just a few thousand missing that window. Theres a big difference from the 2. 5 million that were delayed in 2013. But this could be the calm before the storm. So amazon will move about a billion packages. Thats according to ship matrix. They can squeeze amazons margins pretty thin. They want even more control. Its been building out its own network. Reports that its looking to air delivery. This could affect ups. Ups will probably have significantly lower volume from amazon next year, unless they make some changes, whereby they change their operating model to suit the needs of amazon. The final destination facility of ups. So in other words, how did ups handle the last Mile Delivery . Reports suggesting the ecommerce giant is looking to ease ties with ups is really whats pressuring shares of that stock today. You can see those shares are down about 1 . I think thats a very, very interesting development. In a way, it reveals who has the strength here. You might think that ups is such a beneficiary from this trend towards everybody ordering stuff into their homes. I wonder what their future is. I think that is the big question. Certainly ups is the largest shipper in the world. Weve done this before. Ive been inside all of these major storing facilities and net works for ups, fedex and the u. S. Postal service. You go into these facilities, and the majority is amazon packages. Thats where you really get to see how much amazon is moving around to the country and around the globe in terms of ecommerce and packages. Theres something to keep an eye on. Some have said its not so much that amazon becomes a competitor with these companies. More that they just take more and more of their business away. And so much of the volume growth weve seen has been because of amazon. I dont think they can eventually completely replace all their shippers. They will pick and choose. More advantageous for them to do that, right . I also wonder at what point and perhaps hes gotten some indication on this as well. Shipping is a business that could squeeze amazons profit margins. Is any of the way in which theyre trying to get around some of these guys, or add to the root . Are they doing that in a way that is profitable for them . I think thats the big question. Building out a Transportation Network is extremely capital intensive. It takes a very long time. Some of these Bigger Companies cases. Theres a reason we only see three major parcel carriers in the country, the ups, usps, and fedex. Its a very expensive and capital intensive business. But on the flip side of that, it would make sense for amazon to be taking more and more control of its own transportation inhouse. Retailers like walmart. You can actually make the argument that walmart has one of the largest trucking fleets in the country because of that. Ive seen them. They are massive. Thanks a lot, morgan. Morgan brennan there on the frenemies. Time now for a cnbc news update. This yule log is cracking me up. I love the yule log. No pun intended. Heres whats happening this hour, kelly. Military operations to retake the city city of ramadi continues. But demand appeared to stall. U. S. Authorities say there are still up to 350 isis fighters in ramadi, as well as several hundred outside the city. A woman accused of intentionally driving her car into crowds of pedestrians on the Las Vegas Strip appeared in court. Laquisha holloway arraigned on murder, hi and run, and child abuse charges. Her 3yearold son was in the car during the incident. She did not enter a plea. Pennsylvanias Pension System says its about to send Jerry Sandusky a check for 211,000 to cover payments going back to when it illegally stopped his retirement benefits. This after he was sentenced for child molestation. Sanduskys 4,900 monthly annuity will resume in january. And a florida Jewelry Store is offering customers a free handgun with purchases between 450 and 4,000. The promotion is reportedly attracting people from across central florida. The Jewelry Store plans to offer the same deal on valentines day. Thats the cnbc news update at this hour. Back to you, bill and kelly. How romantic. Thank you, sharon. Very much. 30 minutes left in the trading session. The dow up 165 points right now. Some said the junk bond selloff could spark fears of another financial crisis. Up next, well talk about why the high yield worries have suddenly been put on the blackbu blackburner. Chesapeake energy has become the worst performer this year. A debate on whether this can be the ultimate turnaround play for 2016. Coming up. Ar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . 160point gain for the dow. Imagine what it would be doing if it were not for nike, which is the biggest decliner today of the dow components. Chevron and exxon are the best performers to the upside with the price of oil doing what it did today. Kelly evans with that short fall in inventory. Thats exactly what were here to talk to alan valdez about. Are we to believe that some of the rallies are from the most beaten down parts of this market . Over the past 100 years, over 70 of the time, the last five days of the year and the first two of the new year, we see this kind of rally. So im not surprised to see this rally going on. You like to see big volume, where you have an up day like this. Otherwise certain spots. Its not braoadbased. Is it back to the way that we were trading before that, with pressure across those places . I think you could see that. I think with the fed raising rates, it was good news for the market. Now bad news is bad news. And nothing you can do. Theres no safety net. I dont know whats going to happen. I think were going to have an up year next year. Not really particularly high. Maybe 2 to 5 . Well see. Thank you, sir. Well let you get back to it. Bill . 2 to 5 would be better than this year. For sure. Its been a tough year for high yield bonds. Especially those tied to commodity and energyrelated. Are the junk bond worries in the Rearview Mirror already . Are we premature with this expectation that its over . I think its important to take a step back and what has driven the high yield markets so far. To a large extent, given that 20 of the index isnt the commodity sector. I do think if you get oil prices to stabilize and you get a little bit of a rebound in mutual fund flows. You might see a bit of a rebound. To be honest, when we look out further than the 2016, there are yields just beyond the Energy Sector. We think default rates are probably going to be in the 5 area. If we think about mutual fund outflows, looking further out, theyve been on a trend of outflow. Might be under some pressure for some understandable reasons as opposed to anything that would spark larger panic. I think thats right for now. When we think about the equity markets, a lot of investors are thinking what is the flowthrough of credit and equity . Its very, expensive levels. The high yield is catching up to equities. For the s p 500 investor, youre looking at a sound index, high credit quality. The problem is beginning to be if high yield continues to sell off from here. There well be more concerned. Actually more concerned with u. S. Small caps than u. S. Large caps. Whats the dollar going to do . That will dictate a lot of this, right . Everybodys expecting a strong dollar. If thats the case, though, energy probably has to go lower still, doesnt it . I dont think so. The dollar definitely does play a role in oil prices. Our house view is it will probably weaken a little bit against the euro. I still think you have a fundamental problem now. The lower quality credits is not there. So again, we all know the energy story. Theyve gotten hammered. But triple cs exenergy sold as much the last three months. Thats surprising. This isnt just a coupon you can clip. You need to worry about actual default risk. And weve seen investors migrating. We think that will continue to 2016. Its interesting this is happening we dont know how theyre going to do for how long. Isnt this the behavior wed see closer to the end of the cycle . It is, to be honest. We see the lower quality credits in the universe. They have trouble issuing dealt. Were seeing that now. I can show it to you. Thats a pretty bad sign. Theyre going to have to refinance a lot of debt. There is a concern. What would get us more concerned in the short run is more security. The double b security kept selling off. That would signal a lot more concern. Having said all this, though, are there areas where you see opportunity . You know, again, i think right now, we probably oversaw a little bit in the short run. I think investors have told us theyre not taking any risk. Some of that money will likely go back in there once we start the new year. Might get a little bit of a rally. I would say we would structurally fade that rally. But you could see some again, double b rated segment of the universe. So youre more likely to be fading rather than scooping up any bargains right now. Good to see you. Thanks for joining us. Thank you very much. About 20 minutes to go here. Dow up 150 points. Weve mentioned nike and disney are the ones in the red. Interestingly, that effect will be smaller for nike as of tomorrow when the two for one stock split takes effect. That is having a little bit of an impact. You can see the broad index up 21 points. We all know 2015 was not exactly a great year for ipos. Dominic choo will give us his predictions on whether new offerings will fare better in the new year. And later, steve forbes discusses the race for the white house and who he thinks will end up winning the republican nomination. Stay tuned. Surprise we heard you got a job as a developer its official, i work for ge what . Wow. Yeah okay. Guys, ill be writing a new language for machines so planes, trains, even hospitals can work better. Oh sorry, i was trying to put it away. Got it on the cake. So youre going to work on a train . Not on a train. On trains youre not gonna develop stuff anymore . No i am. Do you know what ge is . Dow is up 160 points right now. Its time for our favorite chart of the day. Theyre all positive. Look at energy. 4 today. Consumer discretionary lately leading, the lagger today. Things are not getting any better today for micron after the chip maker missed quarterly revenue estimates last night and issued weaker th eer than expec guidance. 2015 hasnt been kind to Companies Going public, but thats not stopping the Storage Company nutanix. The Company Hopes to raise 2 20 million from the offering of a list on the nasdaq. I spoke to Sun Microsystem about why he became an early investor. What google and amazon and to an extent microsoft did in the cloud for themselves is obsolete in the 100 billion data center that products from Companies Like emc, dell, cisco, even oracle. All those are being obsolete and replaced because of the new demands and growth from consumer services. Thats whats exciting about this opportunity. Because they really dont have any products of expertise to do the new products, theyre being invented by innovative startups. One of the smartest guys in silicon valley. The big question is whether nutanix and other ipos in 2016 will fare any better than ipos this year. Heres dom chus ipo prediction. 2015 celebrated some of the most highly anticipated stock offerings weve seen in years. 2016 could yield a lot more of the same, but it may come with the same volatility that weve seen over the last year. Expect fewer ipos in 2016 and less cash raised by the ones that do. In the past, the ipo market has mirrored the overall stock market. So with uncertainty about the domestic and Global Economy looming, it could be significant in 2016. Ipo investors are going to demand more attractive pricing. The overall demand for initial Public Offerings may be softening from higher levels that weve seen in the last couple of years. That means investors will be looking for relative bargains. So look for bankers and companies to set ipo price targets and ranges at more valueoriented levels to get more demand. Uber and airbnb are going to be the most highly anticipated ipos. Weve heard all about the multibilliondollar valuations for sharing companies, like uber and airbnb. These wellknown brands will be among just a handful of offerings that have the power to generate investor demand regardless of market conditions. Guys, kathy smith, who runs Renaissance Capital says that her 2016 outlook was a little bit at least partially the same as it was in 2015. The first part of 2016 she says will be very much like the end of this year. Some choppiness. Perhaps some slow growth in the ipo market. But she is expecting a nice rampup in activity. Back over to you guys. All right, dominic. Thank you. Our dominic choo. 15 minutes to go here. The dow is up 180 points. The last full trading session is up. The market will be here tomorrow early starting at noon eastern time. Our next guest says 2016 will be filled with increased volatility and muted returns. Sounds like fun. Well talk about it coming up next. Here at Td Ameritrade, they work hard. Wow, that was random. Random . No its all about understanding patterns like the mail guy at 3 12 every day or jerry, getting dumped every third tuesday. This happens every third tuesday. We have Pattern Recognition Technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. Theres no way to predict that. For all the confidence you need. Td ameritrade. You got this. Welcome back. Take a look at some of these commodity names making a huge turnaround today. Marathon oil on the session when crude prices are low. No bias either positive or negative right now. Its awash going into the close here. Ten minutes left in the trading session. Youre not alone in saying were going to see some increased volatility. Market getting used to the idea of the fed taking some of the punch bowl away, right . Youre absolutely right. If central bank continues to dominate, not just ours, but globally. Its a break from the trajectory that we had seen previously. At least we have the certainty of one increase behind us. The debate as we move through 260 is out there. And the overall impact on currencies and the level of growth that were likely to see in 2016 still is a question mark. What would you do as we were talking earlier about the debate. Do you go with growth or value . What are you guys thinking . Theres an appropriate mix between the two, to be quite candid. For us, we still find certain sectors where theres better opportunities than others. For us, that would be in the form of technology. We still like technology. Health care has generally been a sector for all seasons. Thats still attractive. Weve certainly warmed to financials as well as industrials in this environment. Financials at the beginning of this year were a favorite. And that didnt happen at all. Everything is possible, certainly. We saw a pause going back to expectations for the beginning of 2015, playing out. Its been a market that can be characterized as violently flat. Severely unchanged. There is no doubt about it. But there are opportunities. We want to focus on select areas and select opportunities. But for our clients, its also a matter of diversification. On the s p 500, a 20 to 25 price target for the end of next year. What was your forecast for this year . How did that do . Why this specific number . Well, still to be determined. Our target for this year is 2,100. Wouldnt be out of the realm of possibility to see the markets advance. For us, looking at 2225, its more a continuation of the value story. What about overseas . Where do you see any opportunities . Were still in favor of developed markets. I still think with a favorable monetary backdrop, still likely easing from central banks, that that will create a more favorable environment. But were also seeing relative improvement. Nothing heroic. But its more the slow grinding higher type improvement. Is it as simple as were tightening, youre losing . Do you go with them because money is much easier than it is here . Not quite that simple. We certainly wish it was. To us, its those shades of gray in between. What are we looking at Going Forward . If we dont see a significant change between policies one to the other where it doesnt exacerbate the currency, were likely to see a more favorable backdrop. Thanks, eric. Until it happens. They say where did the return go . The currency is down 30 , too. Coming back with the closing countdown. And the great st. Thomas boys choir will be performing. Stick around for that. Among other many things. And after that, and also after the bell, ad spending for 2016 campaigns ramping up. Were going to talk to steve forbes about president ial politics and his new book to fix america. Youre watching cnbc, first in business worldwide. When youre not confident you have complete visibility into your business, it can quickly become the only thing you think about. Thats where at t can help. At ts Innovative Solutions connect machines and people. To keep your internet of things insync, in realtime. Leaving you free to focus on what matters most. Inside the fiveminute mark. The dow up 177 points. Im going to show you the threeday chart of the dow. Ive got bob pisani and mr. Arthur cash in here with me. Theres the rally, guys. And so far this week, the dow is up 2. 74 . We cant call this the santa claus rally because technically thats next week. This is the warmup. Your old producer pointing out that we are very close to were just above break even for the s p for the year. Closed at 2059 december 31 of last year. Thats why i felt people who were snarkily messaging me, dont laugh at it. Put up alcoa. Alcoa is up 10 in two years. Two days. There are guys who are trying to play this long for a few days into the santa claus rally. It makes perfect sense. This could be the difference between being in the green for the year and being in the red for the year for a lot of people. Look at some of these energy stocks. Breaking news right now fromdfrom d from dom chu. What we have right now, the small cap Biopharmaceutical Company run by charged Martin Shkreli. The nasdaq has informed the company that it is no longer in compliance with its listing requirements, citing among other things the resignation of their audit firm as well as their interim cfo. The company is allegation saying it has not yet determined whether or not it will appeal the nasdaq staff decision to dlist the companys securities. The deadline for any appeal is december 28th, 2015. It will be suspended as of the opening of business on december 30th, 2015, the day before new years eve. So another development here in terms of the whole Martin Shkreli saga. It appears as though the nasdaq may be delisting kalobios shares. Back over to you. All right, thanks very much. A turnaround for oil today, the inventory report showing the big drawdown. Youve made the point quite a bit that oil is calling the shots lately. Theres no reason to believe hes not going to helicopter doing that. Absolutely not. I think today you saw a real burst of shortcoming. Everybody was talking about will oil get a two number in front of it . Where are we going . It was overly short. And scared the heck out of them today. That put a real bid with stocks, along with nike. I think the big thing here is whether or not this energy and material names is a shortterm phenomenon for santa claus rally, or whether it really carries over into 2016. We talked about this at the top of the hour. Its a really tough call to argue these beaten up value names will have a big 2016. Feds going to be very quiet. A lots going to be right. Thats why they got the bounceback. Thats when santa claus shows up. As i mentioned, the great st. Thomas boys choir ringing the closing bell. At the nasdaq, its communities and schools ringing the bell there. Stay tuned for hour number two. See you tomorrow. Thank you, bill. Welcome to the closing bell. Im kelly evans. Heres how were finishing up the last full session. 183 points today. The s p one and a quarter percent. Were going to listen in to the st. Thomas boys choir singing we wish you a merry christmas. Good tidings for christmas and a happy new year good tidings we bring to you and your kin good tidings for christmas not something we have every day here. A nice way to close things out. Thats the st. Thomas boys choir down at the new york stock exchange. Again, as we head into the holidays. On the panel today to talk a little bit about these markets, mike santoli joins us. Welcome everybody, mike. What are your thoughts . That was a pretty sharp rally today. A nice rally. Bob was just talking about how it kicked in today. The reason i think were talking about all these seasonal effects, this is also kind of the january effect pulled forward. Nothings really changed about the snapchat in the economy we got recently. Now its all about how do we gain year end . What do you think . I really thought there was a lot of Economic Data that was out today that kind of got lost a little bit in the wash. In particular, i was interested in the university of michigan sentiment. I was looking at the amount of people who were interested in buying durable goods because of price discounts. Actually, the university of michigan economist who helps compile the study said that they were worried that theres actually a deflation mindset. Starting to emerge, expecting prices to go lower. That could be important for fed Going Forward, because its part of the key anchor, the fact that inflation so theyre more so than usual . I think people might always think the dishwasher will be nicer and maybe even a little bit cheaper next year. Theres only been three surveys in more than 50 years, in which a high proportion of people mentioned were looking at the discounts. Im always looking for a deep discount. The market to me is that year end kind of runup. No one wants to get in front of the freight train. Theres lack of liquidity. Things have been a little bit better. Chinas been a little bit better. What else could you want . Yellen, we got that out of the way. If energys better, the market is better. It does feel like its kind of a mutual agreement. Like okay, lets nobody disturb this too much. Oil stabilizes. High yield credit does okay. At least its a green light to have some kind of mean reversion. Think about all those funds, theyre either going to fail and theyd rather lock up the rest of this year and start fresh, if theyre lucky enough to get there. A lot of them get hammered on energy, industrials, materials, all the names we know about. But that export ban being lifted i think is a major catalyst for oil to run. I think thats a major thing that people arent thinking of. Do you agree . I do agree. That was definitely the point in time when people felt like it was safe to bet on that. But im also interested in what you think. Every time this year where youve had this defensive move, people feel a little bit nervous. And then the market starts to lift a little bit. Theres a chase. People feel underexposed. And today you saw a lot of people diving after call options. Basically saying dont leave me behind. And then that doesnt really extend itself very far, because weve been trapped in this range for so long. Totally agree. If you look at the leaders today, we had energy, materials, utilities. You and i have discussed why people chase utilities. Its counterintuitive. But they pass on those rising costs. The problem for me is energy. Why is it running this time . You have europe at basically zero. We have japan in multiple recessions. Just as an anecdotal thing, the first time i ever heard a nonconversation about how cheap gas is at the gas uat the pump. Are we finally going to see more of a figup to the consumer . Todays numbers, the personal savings rate is at 5. 5 still. So its still quite high. We havent really seen consumers take that savings from energy. Weve seen sentiment go strong. One of the things weve heard actually is that people with direct knowledge of the matter say its going into getting people a little bit bigger car. Maybe going a little bit further. So it might not be showing up necessarily in the chain sales, but it is going to perhaps show up in the economy. Its very clear. Its not in the place where is you see the same score sales. You see the people saying you want to buy durable goods. Its going to be no hurry to do so. It really will be an important part of the 2016 story what exactly the consumer does. Its been the lynch pin of the economy so far. Is that going to continue next year . One interesting wrinkle this year is the east coast experiencing unseasonably warm weather. Its already affecting retailers. What could it mean for the next problem with Economic Data . Steve liesman joins us with what hes found. We have some weird, wacky, warm winter weather. And we dont know overall how its going to affect the economy. We know its going to have an economic impact. It may not be the reverse, we had all those blizzards. We know that brought the economy practically to a frozen halt. Take a look at this map. What were looking at here is the average temperature, the departure of temperatures from the average during the week of december 13th. Its gotten, i guess, worse if you want the cold weather, and better if you like the warmth. What were looking at here is east of the mississippi, where 60 of the American Population live, thats well above normal from two degrees to almost 20 degrees above normal. And this is last week, its going to be worse this week. Zoom in on this area right here. And you can see one of the losers. Those east coast ski resorts up there up there massachusetts and upstate new york. Theyre having 16 degrees above normal temperatures. Take a look at some of the winters. Our whitehot christmases. What is hot . Well, maybe you get a little more housing. We had an expert on earlier talking about Home Building completions might accelerate. Easier to look for cars when the weather is a little warmer. As well as people may be going out to dine. Not the greatest time for mining. Finally things like fishing and golfing. Ten more days than he had last december. Catching tuna and stripe bass. Whats not hot this christmas, take a look at some of these ski resorts. Although you did see we talked to they had record snows out there and theyre picking some of whats lost. All the mittens and the gloves and everything like that. Thats going to say. Some of the warm weather resorts may have something of a falloff until it gets colder. My understanding is that january and february may be a little bit below temperature. There may be time to make things up. In the meantime, i think a lot of retailers wish they had tshirts and bikinis on the shelves rather than mittens and gloves. Sounds like your friend is getting a lot of fishing time recently. I dont know who that guy is. Cant imagine. Also golfing, by the way. Theres a lot of guys, they have 9irons rather than snow shovels in their hands. The larger question about the impact is really interesting. Does it have a noticeably negative one, or is it just that the spending shifts around . Theres two big issues. One, you guys have done a lot of great reporting on the impact of seasonal adjustments and how well the Government Agencies are able to calculate the data and make those adjustments for that wild, wacky, warm weather that were feeling right now. The second thing i would point out is go back to First Quarter in 2014 and remember that at that time, we actually saw a contraction in economic growth, and yet the feds still continue to taper. Thats key for investors here, how much you look through this. I dont see warm weather as clear and negative as cold weather. In this case, theyre going to spend differently. Youre going to want to discount the strength. Other reports come in, you want to discount the weakness. Its making that distinction between the two that will be the key to reading Economic Data to december and maybe january. What would you say is the trade from a Traders Point of view here . Im long deckers. Ive seen the hit. Its down 45 . You look at macys. Inventory is down 45 yeartodate. Whats good is a company like deckers, theyve completely thrown out the winter already. So you get a couple of cold days, people start buying those boots again. They do own that line of sneakers. So maybe theres light at the end of the tunnel. I think everyones throwing out retail. We unfortunately have to go. I was just going to point out if its warm enough to golf, its also warm enough to go outside and pick some of the thing fix some of the things outside. Home depot and lowes may be another beneficiary. True. We have a news alert. Lest get right it to. Morgan brennan, whats happening . Hey, kelly. Thats right. This is the latest in the back and forth between Canadian Pacific and Norfolk Southern. Norfolk southern rejected its latest, its third offer of a takeover earlier today. Canadian pacific saying its disappointed that Norfolk Southern has rejected this offer without engaging in a dialogue. The company says its remains confident that a combination would secure Regulatory Approval and its apparent that neither the executive leadership at Norfolk Southern nor its board of directors are willing to sit down and have a talk about a potential merger, that this is not the company saying this is not in the best interest of Norfolk Southern hashareholders. It will review its tra strategic procedures. The latest reaction to the third rejection of Canadian Pacifics third offer. Back over to you. Three strikes and youre out maybe. Norfolk southern has been vigorously defending himself. Its been an unwelcome merger approach. We dont really know if youre just arguing over price here ultimately. It doesnt really seem like this. Or at least Norfolk Southern doesnt seem to be putting those signals out there that says hey, if you ever get up to this price, and were confident you could need it, that will be okay. Especially because of the combined medium term entity that would exist. Incredibly complicated. Theyre trying to create these kind of safety mechanisms that investors wouldnt really lose over that twoyear approval period. Exactly. Well leave it there for the time being. Thank you for joining us. Be sure to stick around and catch grasso coming up with the rest of the fast money crew next hour, talking to the woman leading new york citys effort to block a 10 billion merger of europes cable vision. Mayor de blasios top Legal Counsel will join them. Many energy names rallied big today. Could they be the ultimate turnaround plays for 2016 . The bull and bear case are the worst performers in the Energy Sector next. Later, steve forbes joins us in a cnbc exclusive with his plan to revive america. But does he have a red hat . Youre watching cnbc, first in business worldwide. Looking at potential turnarounds for the new year. Today, we are talking chesapeake energy, as many know, it is the worst performing stock in the s p 500 this year. Down nearly 80 year to date. Making, of course, a 10. 5 comeback today. Here to debate whether this rally will continue, sun trust neil dingman with the buy on the company. Neil, why do you think this name will continue to run . Theres no question, theyve gotten in trouble because of the low gas prices, the high leverage, and then the mbcs that they have. More recently, theyve been able to exchange a third of their debt. Theyve got over 5 billion liquidity. Over three billion dollars alone. We think the asset phase plus liquidity makes them ripe for making it through this terrible time right now. So why are they not attractive to you here . Hey, kelly, thanks for having me on and giving me the opportunity to tell your viewers that under no circumstances do you stock anybodys stuffing with chesapeake stock. Theres five reasons. Its simple why you stay away from this. Number one is take a look at the bond prices. Its a red flag. Bonds are being priced at 27 cents a dollar in the out year. Its really because of the leverage situation. We can see if you use the futures market as your guide for prices with oil and gas, you get leverage thats out of control by the end of next year. We could have it eight times net debt. Going down the list here. These guys, neil said you like their asset base. We dont at current prices. We think they dont actually have a single play right now. Giving a positive rate of return in a 40, two dollar type world. And lastly, say theyre mid stream contracts are the absolute worst in the business here. Guarantees that theyve got one of the lowest margins of the large cap group. Mid cap or small cap for chesapeake. And all that really the stock is still trading at a premium for some high quality peers. It makes zero sense to us. What do you say to all that . The big thing i think that mikes missing is the asset base, to say that things are not making sense or economical. What weve seen this year, were yet to see a depressed asset sale. Theres been a deal very close with nearly 20,000 an acre. So whether mike wants to say theyre economical or not, im not going to argue that. My point is right now, asset prices, what theyre selling for continues to be almost on top of what they were last year. But that doesnt sound economic. I mean, why would these assets be selling for more than theyre worth . Not on todays terms. What theyre obviously being priced at is further out. When people look at oil, they look at natural gas. Youre not looking at the current price. Youre not looking at the strip. So maybe based on 1. 90 current, i might not argue with that. When you look out, youre at 260. When you look out two years, were over 3. Do you think that those prices you mentioned to yourself what the market has priced here. If the markets right, these are better plays, right . They do have some decent plays. You do need higher prices, though. Two things. One, if youre going to rely on asset sales, theyre selling off their best stuff. Whats left at the end of the day here. And for a company thats got 11 billion of debt right now. And kelly, to put this in perspective next year, if you looked at the unhedged cash flow of these companies, its going to be about 900 million. Theyve got about 600 million of interest payments. Even with these debt exchanges. Really kind of struggling to stay afloat. You dont get prices that double from here. I think you could be looking at a stock thats down another 80 by this time next year. You mentioned it would be down another 80 . Is that with oil prices where they are, or do you expect them to go lower . Does that change the whole story . Chesapeake is 70 plus natural gas. Its really a natural gas story. Natural gas is looking like its going to be really as hard pressed as its ever been in 2016. Were going to come out of this winter. Likely at record storage levels. Actually going to exceed Storage Capacity by next fall. Horrible things for chesapeake. Thank you so much, mike kelly, for joining us. Neil dingman making the case for why he thinks this company could continue to rally. Who do you think made the better case here . You know, i think mike made the better case in terms of the question what are you left with. Gas prices stabilize here. They can make it way through. They can do these financial reviews to help you service the debt. But then its a matter of what comes next, unless youre bullish on the commodity, in which case you have an amazing leveraged play on that. That becoming the central. The lever point. We have a quick earnings result. This is a 2. 5 billion producer of eggs. It reports earnings per share of 2. 27. That misses the average estimate of 2. 40 per share. Revenues coming in also slightly worse. 546 million. Analysts were looking for 552 million. They did make some comments in their release, saying that shell egg prices were up about 43 versus the same time a year ago. But prices have declined since about the end of the second quarter. So some weakness here on the earnings and sales front. But weve got to keep in mind cal main shares were up year to date heading into this number. Well keep an eye on calmaine foods. No inflation on the egg prices. Dom, thank you. Republicans, meantime, burning through Campaign Advertising dollars to the tune of 111 million so far. Were going to bring you the gops biggest spenders coming up and how they stack up against house candidates. But first, the battle brewing between tmobile and youtube. Weve got the details and what it means for consumers and shareholders right after this. Welcome back. Youtube isnt happy with tmobiles new binge. Josh lipton joins us with what could be the start of a bigger feud. Hey, josh. The Program Offers video at lower quality in exchange the video doesnt count toward the data cap. The Company Already has 24 partners, including netflix and time warner. Youll be able to stream for free, and then secondly, for anything else, outside of the 24, youll be able to scream three times as much data. No overages. None of the shenanigans the other guys are pulling. But youtube doesnt seem especially happy with binge on. A spokesperson from youtube telling cnbc reducing data charges can be good for users, but it doesnt justify throttling all users. In other words, binge on is impacting the quality of all streaming video, regardless of whether its coming from a service that actually partners with tmobile. Tmobile telling cnbc that bing bingeon is for customers. The exclusion of youtube in the program is due to a technical issue specifically tmobile saying it cant consistently identify youtube video. This spat is coming when regulators are more involved. The s. E. C. Just sent a letter last week to tmobile seeking more information about its bingeon program. So stay tuned. Back to you. Its interesting. This is what users want, mike. If they dont even necessarily care, should youtube be this upset . Its interesting. I guess in some way, they want to control the quality of the product theyre putting out there and they dont necessarily want anybody to be able to use or alter it at will. It is interesting. You normally think of, enlarge the pie. Increase viewership. Increase usage in general. Probably should be good for everybody. When im watching those panda videos, im just not sure how crucial it is. We want to see every whisker, every fur on that panda. I think this is actually a bigger task actually for the s. E. C. I mean, they specifically did not address this issue when they put out their broader Net Neutrality regulations. So how they handle this, how they handle this implementation and how they handle the gray area, i think will be an important issue Going Forward. The s. E. C. Chief tom wheeler said he thought the bingeon program was highly innovative. Now as theyre starting to be more complaints, we would like that. That idea of what youtube videos are, its not really what they want from Going Forward. They want you to think of it as a place to get high quality professionals. And thats fair enough. Its just interesting because it reminds me of the music industry. In a way, missed the larger picture. Thats good. Forest for the trees. When it comes to that, people using tmobiles plans, apparently the uptake is pretty good. Seem to be wondering how much this could put to bear on those providers. Somebody along the way is absorbing the cost of all this. Infrastructure or otherwise. Lets get to sharon epperson. A protest that started at the mall of america moved to the airport. Airport Officials Say access to one of two terminals has been blocked by protesters. It was organized by black lives matter in response to a black man being killed by Minneapolis Police last month. Soldiers in afghanistan bid a final farewell to their fallen comrades, killed by a suicide bomber two days ago. The taliban claimed responsibility for the attack, the deadliest on u. S. Forces in afghanistan this year. Staples is accusing federal regulators of applying antitrust laws in a misguided way to try to block its 6. 3 billion merger with office depot. The company says the ftc used selective documentation to show the merger partner where is the only Companies Competing for Large National customers. As Odell Beckham jr. Awaits the results of his hearing, the appeal he fought with, josh norman, was fined 26,000 by the league. Norman was called for two personal foul penalties during the game. Thats the cnbc news update at this hour. Back to you, kelly. We are 320 days away from the 2016 president ial election. Up next, steve forbes weighs in on what the candidates need to do to get the economy back in on track. And chipotle announcing changes to its food preparation and cooking techniques. A food safety scientist will tell us whether these moves will really make a difference, coming up on the closing bell. Welcome back. A look at how we finished today on wall street. The dow up 185 points. About 1 in gains. The s p was up 1. 25 today. In some cases quite significantly. That includes a lot of the energy names and of course crude oil did rally again today. The gop candidates vying for the 2016 president ial nomination have spent more than three times as much on tv and radio advertising as both the republican and Democratic Candidates combined by this time in the last election cycle. Eamon javers joins us now. Hes got the numbers. These new numbers come from nbc news, which has been crunching the figures for ad spending. It really challenged the conventional wisdom. The theory on money and politics was always that the desperate need for candidates to raise money gave a huge amount of power to the establishment of a political party, because the donor class there could simply turn off the financial spigots. Thats not what were seeing this year. The other assumption was that a struggling campaign could spend the money to move the needle on their poll numbers. Were not seeing that either. Take a look at these spending numbers. Team bush, 38. 1 million. Theyve spent more this election cycle than all of the ad men in the 2012 election cycle. That is a lot of money. Hillary clinton 12. 2 million. Kasich down there at 9. 1 million. Whats striking about that list, kelly, is it doesnt bear any resemblance to what were seeing in the poll numbers. You look at donald trump at the top of the most recent nbc news wall street journal political analysis. Hes only spent 217,000 on ads this entire campaign. Hes not spenting a lot of money to win that top position at this point. You have to go all the way down to the bottom of the pile to find jeb bush at 7 despite that massive spending that were seeing on the advertising side by the Bush Campaign throughout this year. Clearly bush is realizing he cant simply pour money into this campaign and move the needle. In politics, as in life, money cant buy you love. Eamon, thank you very much. Someone who knows a thing or two is steve forbes. He was republican candidate for president in 96 and 2000. Before turning to Forbes Magazine as editorinchief, hes also the author of reviving america . And in a cnbc exclusive, we welcome steve forbes back to closing bell. Good to be back. Thank you, kelly. What do you make of the campaign cycles . That spending doesnt seem to be buying popularity. Donald trump remains on top of the polls. Is he the right guy to win and lead this country . Tapped into the huge discontent. What also trump has shown is that even though hes a novice to politics, hes shown if you have a theme and you come out with bold positions, you can dominate the debate. You look at these other candidates. Ask any voter. What does jeb bush stand for . You draw a blank. And they also keep changing it. Retuning and rebooting their campaigns. And you look at the bush ads. What is the common theme . And they dont have it. On Donald Trumps tax plan, i think i read some analysis that it would take 10 trillion out of government coffers over the next i forget the time period. Point being its going to significantly cut the amount of revenues going to the government, potentially increasing the deficit. What do you think about his tax approach . Whos got this right . I think some are more right than others. On trump, i think those numbers are a little more elevated. How they do growth that you do in the economy. How much the salaries are a percentage of corporate revenue. All this stuff that they think they can project ten years out. You really cant. In terms of good plans, terms of plans that rand paul has a desent one. Ted cruz has a decent one. That can be modified. They are moving in the right direction for simplification. Thats one reason why cruz has come up in the polls. Hes also taken on the fed. Which all the others are scared to do. Theyre intimidated by the subject. Hes gone right in, taken it, and the base likes that. I know youve called for a return to the gold standard. How will that actually occur and why is that important now . What you want is a steady value for the dollar. Its like having 60 minutes in an hour. Imagine if the fed floated the clock. You bake a cake for 30 minutes. Is that nominal minutes . You need fixed weights and measures in the marketplace, including money. None of the central bankers realize it. Short term the fed is not going to go to a gold standard, but at least they can allow more market rates for interest. This little recent increase, not enough. The other thing they should do is run down their portfolio, over four trillion. The other thing they should do, a little technical, is do more repurchase agreements to put more cash in the banking system. There are ways you can rev up terms of lendable cash. All right. Steve, its a long time now. Just pivoting back to the tax side. Some kind of big reform measures. Are we any closer in your perception to actually getting that, something along that front initiated . Or is it still this thsame theoretical notion . Over 30 countries around the world have done the flat tax since i advocated it. This is not laboratory stuff anymore. Every republican candidate now feels the need to put a major tax simplification proposal under the table. Four of them have a variation of the flat tax. Others have two or three brackets. When you put two brackets together, its like putting two rabbits together. They breed. 15 , 28 bracket. It multiplied. I think theyre moving in the right direction. There even is a consensus for Corporate Tax reform. I think youre going to have it on personal. I think youre setting the stage for radical tax simplification, the kind we havent seen since the mid 1980s. I think the time is gelling the right way. Are you going to endorse somebody . I feel like right now im on the dating game. Watching these candidates. Ill be watching more of them. Well see how it gels together. Theres a lot of fluidity out there. Trump has a real solid core, but others are looking. They could change overnight if they see something. I think most people have two or three candidates that theyre really looking at and theyre not going to make a decision until at least the turn of the year. Youre hearing talk that the whole party might be feeling that way. It wont be just as soon as we get through the first round of primaries. If you dont do extremely well in one of those first four contests, like christie hopes to do well in New Hampshire in february. Youre going to be very hard to stay in the race when youve got 12 primaries coming on march 1st. You have to have bucks. You have to have a ground game to really compete in that. So the odds of a brokered convention are i think still remote. They dont allow smoking in rooms anymore, so you cant do that. I think the primary process will do it. But ive learned humility in this cycle so far. No ones scripted this one. No, they havent. Steve forbes, thanks for joining us. Chipotle unveiling new procedures to prevent more e. Coli outbreaks. We have a food safety scientist to talk about whether the new measures will make a difference. As the Holiday Season kicks into high gear, dom chu will join us with the dogs of the dow for 2016, right after this. Were getting close to the end of the year. That means a check on the dog of the dow. What goes into the strategy and what changes are in store for next year . Dominic knows and hes joining us with some answers. So im a sucker for puppies. I always like talking about the dogs of the dow because it gives us a chance to show video of dogs and puppies. Lets talk about the investment strategy. Its fairly simple. Its for income oriented investors and involves selecting the ten highest dividend stocks in the dow by the end of the year. This time around, weve got certain dogs in here, but were going to change things up. If the year were to finish right now, heres how the dogs of the dow would look. Theres going to be three deletions. Right now, cocacola, mcdonalds, and General Electric are all part of the current dogs of the dow. But because, by virtue of mcdonalds and General Electric having such nice runs higher, the dividend yields are now lower than they were at the beginning of last year, and so now, they go out. However, these stocks go in. Cisco, walmart, and ibm all having north of 3 in terms of dividend yields. Cisco, an Old Technology company. Walmart and ibm, we know about these two stocks. Ibm working on what could be a Third Straight year of losses in the Dow Jones Industrial average. Walmart, one of the worst performers so far in the dow. The question becomes whether these are contrarian trades. Remember, the reason why some investors care is according to bespoke, since 2001 and 2014, on average, the dog strategy has returned around 9 on average a year. Total returns. Dividends and price appreciation included. The dow jones is up about 7. 5 a year, and the s p 500 closer to seven. So thats the reason why running with the dogs perhaps is a strategy that some investors like to use. Back over to you guys. Although i agree. Im all for just showing the doggie videos. You and i are both dog people. You have a dog, so that makes it legitimate. Im going to bring lucy over and we can have a play date. Thank you very much. Additional thoughts on this one . Just a few observations. When this strategy was devised, it was probably a strategy, kind of an old timy thing on wall street with brokers. But 1991 is when a book was published about this. It was all Big Industrial companies for the most part. When the yields got all high, it was because the stocks underperformed. It was a way to find value. Cheap, neglected stocks. Here you see only three out of the ten really being replaced. You have a byou have more growt companies that have been in in, like visa, nike, apple. They pay about 20 of their earnings in dividends. These other companies are doing 50 to 100 . Its a little bit of a different type strategy, in that advantage and performance that dom noted, almost entirely came from the advantage. Its the dividends that give you that cushion of performance. Thats why its going to be interesting to see if this keeps working. Thats the same debate weve been having. Chipotle is hoping these and other changes will halt any further risks of e. Coli strains at its restaurants, but some food pros are dubious these moves are going to be enough, and well talk to one next. Y become the only thing you think about. Thats where at t can help. At at t we monitor our Network Traffic so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Sup jj . Working hard . Here at the Td Ameritrade trader group, they work all the time. Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. Welcome back. Chipolte has implemented several new food safety protocols at restaurants to halt the ecoli outbreak that has plaqued locations for nearly two months. The new tactics include branching vegetables and boiling water for three to five seconds. Making sure that cheese arrived already shredded. And onions will be in lemon juice and they will be chopped. And pork and beef will be delivered already cook and tested about before sent to stores. Now effective are these precautions. Joining us now is a professor at North Carolina university and food safety specialist. Welcome and thank you for joining us. Having heard the steps they are taking, does that get to the heart of the problem, do you think . Im not really sure if it does. Chipolte has been fairly quiet on what their plans have been coming out of these outbreaks, these now six outbreaks over the last few months. And as they release some of the information today, some of it is a little bit incomplete. Were not really sure exactly what the science is behind some of the things that theyre suggesting. And i guess what i mean by that are what are the specific parameters. We know that adding lemon juice or lime juice to fish, to cook ceviche does something. We dont know exactly what it does when it comes to onions and how much. So it is interesting that theyve providing some information. But i think without data behind some of the validation, it is really difficult to prediction whether it is enough or not. Ben, how difficult is it to identify the source of some of these outbreaks. I remember the 2008 salmonella scare that sickened over a thousand people. They thought it was tomatoes and then the smoking haljalapeno wa the cause of it all. How could they identify the source and take the appropriate steps to make sure that particular item of food is not the one that is contaminating the other ingredients . Is. Yeah, we may never know exactly what the source of the ecoli o 26 outbreaks are. It is fairly common to not know exactly what the source is. Especially in a setting like a restaurant where there is a lot of different foods and that has ingredients in dishes. We do know from a couple of the outbreaks that were linked to stores, noero virus, it is a employee hygiene issue. So we may not ever know about the ecoli outbreak but we could look at other factors that speak to the others. And we have some tough people, and mike santoli joining them in a lunch break from chipolte. I joined in in the office lunch. There is the picture. The principle is simply, it is the plane crash theory. You go with the airline that just had a crash because they are more vigilant. I feel like ive never expressly decided to make a trip on that. No, but i think it is a matter of a small number of cases over millions of consumers. And were not really sure what the Common Thread is. So i basically did it as a statement of obeying probability as opposed to anecdote. I have also eat ep there since it happened. But people quick to dismiss it in other walks of life dont do it this time around. Thank you for joining us. Ben chapman from new york state university. For some music lovers, it could be the perfect christmas gift. Long Time Streaming holdouts, the beatles are going to be available on several Music Services in time to unwrap presents on christmas morning. Details next. Now more than ever americas electricity comes from cleaner burning natural gas. And no one produces more of it than exxonmobil. Helping dramatically reduce u. S. Emissions. Because turning on the lights. Isnt as simple as just flipping a switch. Energy lives here. Welcome back. Beatles fans are getting their christmas presents early. Starting tomorrow the fab four catalogue will be featured on spotify, google play and apple and more. And that was a joking reference, for millennials who might have fallen out of touch with the significance of this group. I dont know that the core listening to those streaming services felt this was a huge gap in the music array. It is very interesting as one of the longtime holdouts. Could it be a platform for people, older generations who might not have been into streaming that maybe i better try to figure this out. My kids will be home around the holidays, they could help me do it. It is a great way to introduce your kids to the classic music that we all grew up with. My dad made me mixed tapes of beatles song and i would rewind it and fast forward it to get to my favorite one. I think this is very exciting and im a huge beatles fan so ill be tuning in. People are looking for a beatles station, on sirius xm radio and there wasnt one. People just assume it is in the public. And it is not. And it comes forth now. Well see how much people do respond to that. What was your favorite beatles song . A day in the life. Elon, mike, thank you for joining us on closing bell. Fast money begins in a few moments. Melissa lee was is on tap. The top council on bill de blasio on why they want to block the cable vision. We start right now. Overlooking times square, im melissa lee. Your traders are tim, steve, ari wald and guy adami. Nike reversing course and closing near the dead lows. Could this spell trouble for the rally. Plus is your portfolio down on the year . Relax, because we have four stocks that history says will rally between now and january 1st. Well tell you what they are and why they could have you back in the black. And later, one dow stock is up nearly 30 on the year and showing signs of an even bigger breakout to come. The one name that could be the