Opportunities will slow growth aboard mean opportunity here in the u. S. . We are debating that today. You know about sonys woes. A live demo on a creative way to protect your emails. All of that is coming up. Lets get to bob pisani standing by at the new york stock exchange. The dow is on the rise. The important thing is the s p has been moving. The problem is energy. When you get 2 down or so in oil and then a 7 drop in natural gas you have problems. Take a look at the xop. This is the etf to watch. Both oil and natural gas are to the down side. You can see it started down and stayed down 3. 5 and hasnt been going anywhere throughout the day. Big names like chesapeake and range resources on the down side today. Bio tech also weak. We have disappointment over at gilead. Not picked for an important drug. Tech stocks moving, Old School Tech stocks doing very well today. Intel, ibm, cisco systems, Texas Instruments on the upside. People are moving a lot of money around internationally. We are seeing some of the International Etfs with a lot of volume. Look at one of the ones around the Europe Africa far east. The rest of the world x the United States getting a lot of volume. The symbol is efg. You want to take a look at that one, as well. Finally lets talk about the santa claus rally. A couple of days before it starts. Last five days of the year. First two of the new year good for a gain of 1. 5 in the s p 500, a lot of people expecting a good close for the end of the year. Lets check out nat gas prices getting clobbered falling down to twoyear lows. Nat gas down more than 15 in three straight losing sessions. Prices moving to a bear market during that time and down 30 for the sixmonth high. That was hit just about a month ago. Lets get to a market flash and dominic chu is standing by with it. Those plummeting nat gas prices that you spoke of are helping send natural gas stocks to the down side. Ultrapetroleum. Interesting movers to the down side. As you look at what is happening the oil and gas trade will be a volatile one going into the end of the year specifically because these prices are volatile so when people are trying to pick stocks on the bottoms this is going to be one of the interesting situations for oil and gas specifically with natural gas stocks when they could be a little bit more difficult to time. In this case the nat gas stocks on the down side today. Thank you so much. Lets get to breaking news in the bond market. Twoyear notes are up for auction. Rick santelli tracking the action at the cme. What is the demand like so far . The demand is what we grade and this demand came in a little above average. We gave it a c plus. Internals. The yield at auction 0. 703. The offer side was 0. 705. The bid to cover at 3. 21 was a little light. 35. 7. A little better than the average. 14. 5 a little worse than the average on direct. Dealers took a whisker under 50 . C plus tomorrow and on wednesday an early option. Thank you so much. Now more head winds and tail winds as we close up the year. Earlier on squawk box had this to say about the global ripple effects on stocks and commodities. I think the slow growth overseas is good news for the u. S. Why . It keeps Interest Rates low. It keeps Commodity Prices including oil low. That more than offsets the weakness that comes because we cant export more. I think the weakness overseas is good news. Lets talk more about the year end of the markets. Want to hear more from chief market strategist. Janua gentlemen, welcome to power lunch. How are we looking at years end . I like the momentum. Seems like when we have a hiccup the market goes higher. I think the momentum is clearly to the upside. Coming off the best threeday rally in three years. Is the u. S. Still the best place to be . It certainly feels that way. We seem to have a lot more momentum on the jobs front and gdp front. That should make for better corporate profits in 2015 and beyond. At this point with stock valuations where they are you need the momentum on the fundamental side to confirm the strength on the technical side. A lot of people saying the u. S. Is looking a bit expensive. You are saying europe provides better valuations. I think u. S. Stocks are fairly valued. I think what you are seeing in europe is quite a discount. We need impetus to get things going so European Central bank meeting in january could kick that off if they are willing to say we support the economy. If not i think the u. S. Is still attractive. Today we are looking at technology shares. We are seeing energy space. You are seeing the spices trade might be at commodities and energy. We were looking very carefully at what happens at selling at the very end of the year. It looks like a lot of investors will be dumping shares of energy names until the last day of 2014. That might provide Good Opportunity to pick up names that you like for a bounce trade going into january of 2015. It is a fairly common strategy among hedgefunds. It is an interesting one for investors to look at. You are going the opposite direction and saying technology might be better. Valuations are still very attractive. From the global standpoint even though there is a stronger dollar most of the Technology Companies globally are u. S. Based. We are looking at Capital Expenditures picking up because economy is doing well. We think technology is a very attractive sector. Thank you for your time and happy holidays if we dont see you before then. Thank you. Thank you, as well. A lot of news out of russia. The deputy Prime Minister overseeing the economy says the government doesnt plan to introduce currency controls. The ruble has lost more than half value so far this year. Russian stock market up today, too, despite warnings from russias former finance minister saying it is going into a recession next year and maybe a deep one. Check out the big russia etf right now. It is down today and off 45 this year. Russian banks feeling the crunch. The Midsized Bank trust bank getting a 530 million bailout from russias central bank. It is the first bailout of the ruble route. There are also fears about big deals over in russia. Kate kelly has been following that story. There is word that a long term deal from Morgan Stanley has fallen through. Given that russia is under heavy International Sanctions stemming from spring invasion of ukraine the depth of the deal is hardly a surprise and could be problematic of what is to come. At a time when Energy Companies in general are most eager to exploit its considerable oil and gas reserves. Rosneft has been greatly effected in particular. Earlier this month exxon and rosneft cancelled plans to drill for oil in the russian arctic. An investment in rosneft by bp which took a 20 stake in it has been under scrutiny in general and other International Companies are doing business with rosneft, as well, but perhaps concerned about the health in the months to come. Today rosneft shares rallied even despite the countrys ongoing currency crisis. It owes another 7 million or so. Meanwhile the u. S. Regularatory constraints dont bode well for future with russia with only six such deals known to have occurred in recent years. It is not that busy a transporter market place anyway but we can probably expect whatever was going on to grind to a halt for now. Lets check in on oil. Oil was up earlier today but tanking this hour. This is after saudi arabia indicated that it could increase. Lets check in on brent and west texas. We are looking at some pretty weak levels. Also at the pump lets check in on the price per gallon. We are looking at the number continuing to fall according to aaa. The average price of a gallon of gasoline in the u. S. Now is at 2. 39. That compares to 2. 55 just about a week ago. According to gas buddy five cities are seeing gas below 2. Thats tulsa, oklahoma, kansas city, missouri and then three in texas including lubbock, dallas and fortworth. I will wander over here. Follow me as i come over here. It will be good. I promise you. How are you . Nice to see you. Im tyler. Two days left until christmas. I hope everybody got to see that little walk. I was saying good bye to kate. Thats besides the point. Two days left now until christmas. I have to start my shopping. The Holiday Shopping procrastinateers are out in full force. I will be out later today. Who is the more efficient shopper, men or women . Vote now at cnbc. Com vote. This month we took to the bustling streets in mid town manhattan to find out this years trends. We are definitely shopping at malls. Unfortunately usually i buy more gifts for ourselves than other people. Doing most of my shopping at costco. I feel like i have good luck at big retailers. Walmart used to be on my list but i prefer target at this point. Banana republic, old navy. I bought a go pro for my boyfriend and a lot of clothes for my sister and my mom because the sales are great. Those carves are hot, big things around your neck. They are necessary. And fashionable. Infinity scarf, is that what they are called . Liz dunn, founder and ceo of talmej advisers. How was saturday . Busiest day of the season so far. Even more than black friday, black saturday, whatever they call it . Black friday was down. Saturday was huge. Lots of traffic and lots of bags. It seems like people are actually purchasing. Bags in high end stores, low end stores, all stores . I thought the mall was a little busier this weekend than Big Box Stores but the Big Box Stores were busier earlier. I think if consumers are running out of time they are going to the malls. I am running out of time. I cant order and make absolutely certain it will get here on Christmas Eve, i guess. I have to go to the mall or to a store. At this point you have to go to the mall if you want to guarantee that it is there. There are some shipping windows that are still open but it is really coming down to it. So as you look back on this holiday season, who won, who didnt . I think macys won. I think that l brands, victorias secret and bath and body works. Tiffany though not as much traffic there because it is a high end store but i think jewelry category was very strong. Those would be my top picks for the holiday season. And the ones that how did the big boxes do . Lets talk about the electronics stores, Big Box Stores, targets, wall martz, et cetera. Consumer electronics were huge. Black friday weekend that is what we were seeing in the carts at target, walmart, best buy. I think those door buster deals did extremely well. At this point people seem to be buying apparel and jewelry. How about the low end which is where the economy has been struggling most because incomes have not come up at the lower end. Throughout the season it seems like there was not much shopping going on at the low end malls. This weekend finally that consumer showed up. I think its definitely not going to be as merry a christmas for that low end consumer, unfortunately. Liz, im going to show you our poll here. Who is the more efficient shopper . That stuns me. This must be men answering this. Probably because it is your viewer base. But men dont enjoy shopping as much as women do. Even if i werent a retail analyst i would probably go to the mall and just really enjoy spending hours at a time there. I dont know a single man who enjoys that experience. Not quite as much into retail entertainment. I really do like it. I think it is fun. Men like to go in a very targeted way. We are hunters and women are gatherers. With the internet you can be very efficient. You can stock what you want online and get it quickly. My present to you will be arriving on Christmas Eve night. Very expensive. Cant wait. Susan over to you. Gatherers lets get to weather news. Bad weather set to disrupt holiday travel. Holiday travel weather unfortunately is going to be a mess. We have rain on tuesday and then more rain coming our way on Christmas Eve on wednesday. In the southeast expecting delays at the airports. On the roads a lot of rain will slow things down plus the risk for severe weather. There is an isolated risk for tornadoes. Really the heavy rain, lightning, maybe strong gusty winds will be the main threat with these storms in the south. To the northeast midatlantic we have rain. It could be snow and i guess it could be worse but between the wind and the rain the airports are going to be tough to keep on time on wednesday on Christmas Eve and christmas day. We have rain all the way up into new england. Some cold air will bring in snow back to parts of ohio, West Virginia and pennsylvania. When it comes to the airports watching atlanta as top players to get delays. On wednesday new york city all of the airports, philadelphia, d. C. , very busy air space and very busy weather for Christmas Eve travel. That is a look at your top travel stories. Back to you. Developing story now. New rules for drones. Josh lipton live in san jose. Tyler, the consumer drone market we know is soaring and chances are you may be giving or receiving one for the holidays. The faa wants you to know there are rules with those drones. The agency launching the website know before you fly today along with information on what you can and cant do with drones. There is this video by the agency which reminds those soon 250 be Drone Operators that they cant be flown above 400 feet or near airports and users should take lessons before taking to the air. The faa points out it is legal to fly drones for fun but illegal to fly for payment or commercial purposes. Thank you so much. Now, what to watch from the Auto Industry in 2015. The etf tracking the global Auto Industry calls carz. And some changes are already underway for cuban business. Michelle carusocabrera has the story. There has been relaxing some communist rules and regulations against businesses in cuba. I was there last week to report on the historymaking deal. Up next i will show you the changes already underway on the island and how they are affecting businesses and people next on power lunch. The mercedesbenz winter event is back, with the perfect vehicle thats just right for you, no matter which list youre on. [ho, ho, ho, ho] lease the 2015 ml 350 for 579 a month at your local mercedesbenz dealer. Welcome back. The dow is right now at session highs leading the way higher for the blue chip index. Intel, ibm, boeing and cisco systems. Now this week we are looking ahead to the new year giving investors a play book on how to cash in for 2015. This hour phil lebeau lays out his predictions for the Auto Industry but first lets check in on how his picks have fared in 2014. Phil predicted entry level battle heats up. That didnt pan out. Strike one. He predicted dealers would offer big incentives for customers. He got that right with those incentives helping boost auto sales in 2014. Phil said that sales of the tesla model s would stay hot and that all eyes would be watching for the release of the model x. He was half right there while model s sales were strong the release of model x got pushed back to next year. What does phil have in predicting for 2015 . Lets take a look. Reporter record auto sales . Probably not in 2015 but the industry should push sales close to or above 17 million vehicles for the First Time Since 2001. Here are three things to expect as sales surge. First, cheap gas. The National Average is now well under 3 a gallon. Most analysts believe relatively cheap gas will be with us for much of next year. How low could it go . The Energy Department is predicting a National Average of 2. 94 a gallon. Even better it could be much lower than that. Low gas prices means you can expect another big year for suvs. In 2015 suvs and crossovers will stay red hot partially because several new utility vehicles will hit show rooms and stir the market. At the same time fuel efficiency still attracts buyers and the newest suvs are Getting Better mileage than before. The crossover to watch will be teslas model x. The crossover is set to roll out by the middle of next year. Will it be as successful as the model s . Can tesla make the transition to building two and will the company attract as many high end buyers if the world is running on cheaper gas . Well see how it comes out this year. In the years since Fidell Castro stepped aside for his brother raul, some parts of the economy liberalization and loosening of state control. Michelle carusocabrera just back from havana last week after a historymaking week down there. How different was it this time from prior trips . 15 years ago people were nearly starving. Now you see overweight people. Being able to eat is a good measure. Things are better from a year ago. Opening a restaurant, does that sound revolutionary to you . Does not. How about being a taxi driver . These are pretty basic uber would be revolutionary. These are basic commerce and business activities. In cuba where everyone used to have to work to the state they amount to changes. In 2010 the cuban government published a list of jobs where cubans no longer had to work for the state but instead could work for themselves. Some of the categories will not have a huge economic impact. Restaurants are going gangbusters. T there are new places to eat every day. She tells us muchneeded employment and with the tips she is making more than when she worked for the government. Professionals, anything that requires a degree, they are not permitted to start a business. They must work for the government. There is about a half a million selfemployed people in cuba. Transportation has gotten somewhat better because employees have taken over some of the staterun Bus Companies and thos