Forecast for brent crude saying oversupply is likely to peak in whos doing it best. The Second Quarter of the next and candidly, new york really year. Those prices are looking at a was doing the best work in this near fiveyear low. And the worst case scenario, brent could fall as low as 43 space. Were in a good position from a in the next six months. Thats something to be watching. Budget point. Andrew, over to you. Thank you, becky. On a cash basis. Good morning. We have Corporate News this morning as well. Here are the stocks to watch. Reaching nearrecord levels. The first one out of the box is im comfortable well be able to merck reportedly in talks to buy absorb and pay for the costs. Cubist pharmaceuticals to make and im also confident that the antibiotics and they will pay entrepreneurs coming with roughly 7 billion. Foreignborn citizens and thats more than 34 premium. Immigrants will more than contribute their fair share to also in other drug news, bristol atlantas economy and make this something that we can do and i myers squib says a high rate of think its the right thing for the future of our city. Hodgkins limb foe ma patients responded to a new drug that i have to admit, i didnt helps the immune system fight realize that you had the city with the second Fastest Growing blood cancers. Foreignborn this was a small early stage by percentage. By percentage. Trial. I had no idea of that. The immunotherapy drug also whats drawing that in . Why atlanta . Well, i think because we have showed positive results one of the most dynamic following prior therapies data from both trials presented at a economies in the southeast. Not many folks know it. Medical meeting this weekend. But the gdp is about 295 well have a lot more on these deals and stories in just a moment. Then in media news, cbs and billion. Its bigger than 33 states in dish reaching a multiyear the union. Carriage deal coming just hours so we have the ninth largest metro and it is attracting after cbs pulled the programming foreignborn citizens certainly over the last ten years. From the satellite provider. And we abt over the next ten terms of the deal were not years that were going to attract even more. Disclosed. And this morning a dutch court is banning uber in the and the state of georgia is in the top ten states in terms of netherlands in if the company doesnt stop providing service the number of immigrants who there and will face a fine of would be impacted by the more than 12,000 for a violation. President s executive order. Meantime, new delhi is barring all of those factors are the the ride sharing app and the reason im here today so that we temporary suspension comes after can respond in a thoughtful way an accusation that one of the and absorb in a welcoming way drivers raped a passenger over the weekend. In a statement, ubers ceo says these viindividuals into our community and economy. The government doesnt require its a little bit off topic, background checks of commercial but its a weather question given that were having drivers and the company will apparently some kind of big new work with the government to polar vortex coming our way at least up here. Last winter you had your own troubles. Establish that procedure. It was tough. Thats the story in the Huffington Post this morning. Thats not where i first saw it, a bit of a critique. I was curious how youll be but i think they are also launch approaching this winter . I will be approaching it by ing it it will all converge. Getting out of here and going home and being available and working in partnership with our governor. The bottom line is that we are on a much more aggressive footing in terms of our preparation for Severe Weather early stage one, but numbers events. I feel reasonably good that like 80 , 88 response that were better positioned than we were certainly during last year these blood cancers have and that we will have a much higher level of cooperation and lymphoma, which are like liquid tumors, if you will, but also coordination between the city, the state, and our metropolitan they have shown prominence on solid tumors as well, which area which is made up of seems that cancer, we have multiple jurisdictions. Talked about it before, cancer the falcons are going to cells, tumor cells release freeze their butts off tonight. Something that blocks certain we have a dome for that. Cells from being attacked by the but how many points do you immune system. If you block this thing that the want if you were will you cancer cells you block the blocker, yeah. Actually take the falcons . You block the thing that falcons always have a chance. Blocks the immune cells then of course im going to take the then your body attacks it falcons. Were going to go to new orleans itself, yeah. But some of the numbers were and beat the saints pretty soon. So im taking the falcons. Incredible. But there are these are no question about it. Safety trials and there are some side effects that are not great. Packers are 60 at lambeau but this is pretty exciting field this year. Yeah, whatever. News, actually. Who knows, it may be more than just a lymphoma or hodgkins im the mayor of atlanta, man. Im with the falcons. Story. It may help in other cancers, hope springs eternal. I didnt say i was betting. Which would be good. I just said im with the lets get a check on the markets this morning. Falcons. As we mentioned, youre looking you have to, i understand. At the markets setting on new mayor reed, thank you very highs for the dow and the s p much for joining us today. 500. This morning there are some red thank you for having me this arrows. You can see right now the dow morning. I dont know, man. Futures are down by 37 points. S p futures down by close to 5 Aaron Rodgers i thought for sure you were going to ask him a walking points. The nasdaq futures are down as dead question. Yeah. That must have been that was well. The nasdaq ended the week after a tough time for atlanta. Six weeks of gapes last week so its looking to start a new but he managed through that. Record this week. Well see what happens. A good mayor will do that, in early trading in europe, there were decent numbers out of manage through whatever is thrown at you. Germany to show the economy is i dont think that really not as bad as we had expected. Happened, actually. Maybe things were improving a i know that. When we come back this little bit, but still red arrows there as well with the dax morning, auto sales are back and americans are spending big down. 40 . Bucks. Sales of expensive cars surging. The cac in france is down phil lebeau has that story. By. 60 . And the ftse in london down plus the effect of plummeting oil on teslas sales. By. 70 . The nikkei closing higher will cheap gas kill the electric car . Stick around. Take on the challenge of Trading Options and futures. Despite the news that showed that the gdp numbers were worse than we even expected coming out of japan. The hang seng also closed slightly higher with the shanghai close to 3 . Oil prices are another big story this morning. Brent looking like it is down around fiveyear lows at this point to 67. 69. Wti is down by 1. 6 this morning. 64. 72. You are looking at wti below 65 a barrel. Check out what is happening in the bond market. Right now the tenyear note looks like it is yielding 2. 326 . If youre watching the currency with the easytouse suite of trading tools. Markets right now, the dollar at at optionsxpress by charles schwab. Least at this point looks to be and well give you a one hundred fifty dollar up against the euro at 1. 2247. Amazon. Com gift card when you open an account. If youre looking for a trade idea, start at the idea hub. Its down against the yen, where options and futures opportunities are organized by volatility, earnings, market activity and income strategies. 121. 16. And gold prices at this hour look like they are up by a about 4. 60. Then run your new idea through the trade and probability calculator to get a quick look at the 1,195 dollars an ounce. Possible upside and downside. Streaming charts give you the realtime quotes and and eunice eun is joining us customized views of the market that can help you make your final decision. And when youre ready to make it happen, on the weak data out overnight. Walk limit helps you save time by searching reporter andrew, i have a didbit of information for you. For the most favorable price. You are not buying enough iphone find new ideas, analyze and execute your trades 6s. Because of that, we are seeing a lot of weakness the trade data with just a few simple clicks, with optionsxpress. For china for november. Im serious. The exports slowed sharply. For a one hundred fifty dollar amazon. Com gift card a lot of that is because people are not buying as many when you open an account, call 18889805745 today. Smartphones after the iphone launch in september. And also because of just optionsxpress by charles schwab. Generally there is a weakness in demand globally in the United States as well as in europe. In terms of the imports, they also fell dramatically. A lot of people were taken by surprise by the numbers because of the falling commodity prices. But also because of the genuine softness in chinese demands. And that was raising a lot of concerns here about the overall economy and the direction. Now, this data really came at a time when the leadership here is convening a major conference to discuss the economic goals for 2015. They are going to be drawing up a blueprint. Its a closed door meeting to happen every year, but the results are not announced officially until march. At a big communist party. A lot of times we get leaks from the closed door meetings and people are hoping to see a gdp growth target leak. And that is mainly because economists are very concerned about where the economy is headed or hoping that the or at least expect the leadership to lower its growth target for the year to 7 . Now, while all this badness is welcome back to squawk going on, there was actually a box. Americans are buying cars again huge rally in the stock market in shanghai. For the first time in several and they are buying expensive years, it crossed 3,000. Ones. Phil lebeau is joining us with and a lot of this is because new i did data. Its just kind of interesting this comes to us from true because investors are expecting car. Com. We are on the cusp of a major the government to come in and save the day with extra stimulus milestone. Americans are on the verge of so people are piling into the market. Thats what is going on over buying at least 1 million expensive cars this year. What do we mean by expensive . Here. All right. Take a look at sales of anything eunice, i always like that shot. 50,000 and up as the average its very hightech behind you. Transaction price. Their sales this year up 30. 8 . And its also never empty, compare that with models priced either, no matter what time. Under 50,000, sales of those eunice yoon, thank you. Vehicles, those mass market yes, big traffic. Vehicles, up just 4. 1 . Things are happening. So whats driving the demand for we know that. You passed us. These expensive cars. China passed us in population. Ultra luxury models. And as a result were seeing i dont believe the gdp passing because its a bigger total greater demand. Output but a lot more people. Highend suvs. Also sales growing there. Its like capita. You look at things like the it is not apples to apples. They do have more people. Cadillac escalade or yukon i have heard that. I havent been there. Denali. Finally theres the tesla model i dont know. I dont think that they, that s. And the model s which has an People Magazine has checked average transaction price of every person over there for how 93,000, its on record sales in sexy they are. I dont think they do. The u. S. In the month of if you dont look at 1. 6 million september. The most recent data we have for people or 800 million, whatever tesla. Look at the breakdown of it is for men, i just dont highend vehicles and how the think that its a real who is sales have done this year. The guy . Anything priced between 50,000 thor . Yeah, thor. And 75,000 up 32 . What is his name again . Thors brother is in the then if you thought thats got to be it. Anything over 100,000 sales of hunger games. They call it symmetry. Those models up 17. 2 . Did they interview you for the and as we take a look at shares i didnt get a phone call. Of tesla, were pointing this out because the tesla model s once you are the sexiest man which has a transaction price you arent again, right . Average of 93,000, guys, its i think you are the sexiest not uncommon to find people who man forever. Are buying a model s for over has George Clooney been on a couple of times . You have to bring that up 100,000. The bottom line is this. With the market. The demand for these expensive a lot of people are writing cars has never been greater. About him that its over. Thats where the industry is hes a whiner. Pushing right now because those because hes married . Are the greatest margins. No, because hes whiny and and clearly people can afford this because of 0 financing and leasing which is incredibly hes been in the spotlight for a very long time. Popular right now for these the market buzz story of the higher end models. Would a loaded explorer be day. Under 50,000, do you know . Gasoline prices falling. No. Not if its fully loaded. If its fully loaded, its close the regular price of unleaded is to 50,000 or more. And the base model starts far lower. But what were talking are the average transaction prices. 2. 72. A dollar cheaper than the all of these highend suvs, the average back in may. And a new survey of economists fullsize suvs, youre going showing the view of the national over 50,000. Association for business easily over. Like a navigator or something economics says it expects the or an escalade or denali. Fastest u. S. Economic growth in a decade in 2015. And two big reasons, we have a 65, 70 probably. Stronger job market and also the absolutely. Falling oil prices. So germany had something i would think a cherokee positive again, right . Loaded is probably getting close did you see that, some kind of to 45, anyway, right . Absolutely. Cadillac escalade this year, industrial the second month of growing. Sales up 32. 6 . October and november things look better. Thats what were seeing with so maybe the German Economy is a all the fullsize suvs on the little stronger than we have been giving it credit for. Higher end. Okay. Stick around, phil. But then we had other things dont go anywhere. Were going to continue talking that werent, emerging markets this time about tesla. Dont look that good, right . Will sales of the electric car thats because of the dollar. Drop off as the price of oil the dollars resurgence poses a plummets . Joining us now is ben callow, threat to emerging markets, plus Senior Research analyst. We put the question to you, ben. Last weeks oil market. Thats three days late. What do you thinks going to happen . That was the wall street so, we dont think that the journals lead story on thursday or friday and we talked about demand will be impacted by gasoline prices right now. It. From the last segment you see thats the news peg. There you go. Here the car average selling the dow is on the verge of price around 90,000. Scaling the 18,000 market. Stocks getting a bit of a boost we dont think consumers are from the november jobs report on friday. That pushed the dow and the s p pencilling out gas prices in 500 to record closings. Their purchasing. Joining us right now for the they buy more for the monday morning strategy session, performance, its reliability. Rich stineberg, president and and for the brand which test laz chief Investment Officer of has become an aspirational stineberg global asset ability. Management and covering the the that becomes the question. Is tesla put in a category economic angle, maury harris. Relative to anybody else who is what did you think of the jobs trying to pursue electric vehicles . I think so. I think because of its numbers and what does this mean for the fed . Well, the job numbers were technology and the range advance much better than anybody expected. It has, it is put in a separate and remember the fed is expecting the Unemployment Rate category. At the end of this year to be i think tesla has built this cult around its buyers where between the 5. 9 and 6 . Its really become that and its already at 5. 8 . Aspirational vehicle. And, you know, you see reports easily the up employment rate is going to be coming in next year like Consumer Reports that are most recent rating gave tesla less than the fed expects. One of the highest ratings all of which suggest to me that the fed is going to start again. And so i think people are buying tightening in the middle of the it for the performance, the year. You can see the first tight luxury, and the attributes of anything happening at the june electric vehicles. Weve got to go, but if you meeting. I know the expectations had been for september, at least think of tesla as a battery thats what the markets were company in terms of what the stock price is and the saying, but really conventional underlying valuation to the wisdom is june anyway. Extent you think there is an were you swayed by any of this or were you on june anyway . Underlined valuation given the we were on june anyway. Price, do you worry about where oil goes in terms of price . Our models have been suggesting that payrolls would be going up no. Its not really correlating with around 2. 30 a month and the oil. Were looking at Natural Gas Prices here more as a Unemployment Rate would be in the middle area by june. Correlation. Okay. So oils not correlated in whether that was the core the long run. Okay. Inflation would pick up closer thank you for joining us this to 2 and everything would be in morning. Phil, of course, thank you. Order for the fed to start when we come back this tightening. If thats the case, rich, morning, more on the deal of the what about you . What do you think the market had morning. Merck buying cubist been anticipating . Pharmaceutical. Plus management matters. And does it concern you at all a look at Companies Reaping the or are we really in a situation where good news is good news . Benefits of solid leadership. Thats next. [woman] can it make a dentist this is what we want to hear and the market is okay with that . Appointment when my teeth are ready . Good news is good news, becky, but the markets are starting to price this all in. [girl] can it tell the doctor earnings estimates are starting how long i have to wear this thing . To trickle down for next year, yet investors have to brace for [man] can it tell the Fli