Stories were watching this morning starting with oil. Wti crude closing higher than brent yesterday. That was the first time of august 2010. Watch for Inventory Data. Well get that at 10 30 eastern time. And break in the last hour a new report coming up from opec predicting that oil will rise to 95 barrel but only in 24 years. Also on tap we get durables goods and personal income and spending and at 10 00 new home sales and Consumer Sentiment but some of the numbers came earlier when the Commerce Department released spend dag at a yesterday. We got november Consumer Spending rising. 3 last month. That came in line with forecasts. Also apple making it easier to nominate a director but there are restrictions. In a new filing that it put in with the sec the tech giant says its going to be eligible to make a nomination. A shareholder or a group of the 20 shareholders must hold 3 of shares continuously for three years. So also the good news there is it prevents some of the shorttermers. 2040. Unbelievable. 2040. At 95 barrel. Remember when 2000 sounded like a futuristic year. What year is it now . 2015. First we said a couple of months well be back to 100. Then may still here for awhile. Now were talking, how many years is that . 25 . 25 years and it gets to 95. They have no idea obviously but they continue to see their market share and the am of barrels shrinking. Not the increase slowing but actually shrinking as competition continues from russia and the United States. You saw that Conoco Phillips said forget about it. Pulling out of russia. We cant make any money in this venture. Its tougher and tougher and tougher. Its staggering to see it. Apparently its tough for u. S. Oil companies in general to ever make money in russia but conoco says forget it, were out. It has huge implications for trying to migrate away. It has huge implications because unless technology really pix ck up the pace with alternative and renewables. Cheaper option. If youre worried about Climate Change its not good. Good for filling your tank. Bad if you want to, you know, survive without water or dying in the heat. Stocks to watch today, nikes earnings topping estimates. Revenues were a bit short but future orders up 20 . That was well above wall street consensus. Among the drivers, demand strong in north america as well as china. 28 or so in china. I think 11 or 12 revenue growth. 4 if you include the dollar. The only just slight negative was that because of getting, working out of some inventory over the next quarter, Gross Margins might not be as positive. Were going to talk to an analyst at 6 20 eastern. The Company Continues to sell a lot more stuff online as it is taking that head on. I guess, you know, thats future orders and the future for any retailer is going to be the web. And shares of bed bath and beyond are under pressure with the retailer cutting its Current Quarter earnings citing softer in store transactions. Micron trading lower this morning. Among the reasons, weak demans of chips used in pcs and lower average selling prices. Shares of celgene getting a boost. The company settling Patent Litigation in the u. S. For its top seller. It will allow for the sale of the generic version of the drug more than a year before the patents actually covering the drug will expire. Speaking of beatles. Yes, sir. Sir paul was at the rangers game on sunday night. Was he really . Yeah. So its just really cool what they do. All of a sudden theyll Start Playing on the big screen, i think they did like, i dont know some great song. Ill hold your hand. And you saw john like this and paul like that and then they focus in on him and he waves and hes smiling and holding a rangers puck so i was on one side. I could see the camera so i picked him out where he was across from us and then i watched him the rest of the game. You watched him instead of the game. But i was watching how long he stayed. Who he was with and how much fun he was having. They played a lot of beatles songs and he sings along. Thats what i want to hear. Hes into being paul. I didnt see him eating any of those horrible Meat Products though. Vegan. Tech news this morning, google building a new application, the company trying to better compete with rival companies such as facebook. Googles new Service Expected to use the Artificial Intelligence expertise integrating Software Programs that answer questions inside the messaging app. Its the ai but i dont know if youve seen you all use apple products but now even on their email, gmail on the phone, they will suggest an answer. So somebody emails you and says would you like to have lunch at this day really . So you dont even have to type it all out. They give you three potential answers because it can read the message i think its perfect. Thats what we all need. They dont know that person is a total bore or you always have to pay. No but it will look at your calendar and say youre not free. They dont know whether you like the actual person. Just when your schedule is free. Take lunch out of it. Can you do this and it will say yes, no, maybe. It will give you options because it has a computer sense of what the message is. If i get invited to anything with you it tries to no, hes washing his hair that day. Youre washing your hair that day. So it doesnt make up excuses. Joe has been texts me. Texts at night. Business matters. Texting at night. Watch out. You started it because all i did was a reply to you on remember we had to go to the wedding. You started. I had your number ready just to reply to. So you made the first move. Mistake. Some of our viewers yesterday sent us a hyundai commercial videos. And it said on one of them it said at exactly 29 seconds you will hear the perfect hyundai pronunciation. So being helpful as i am, i sent that to you to watch okay eddie haskel. Being helpful as you are. A little bit hard on the beaver. Lets check on the broader markets this morning. We saw that the futures here are higher. Lets check out whats happening in europe. It looks like the dax is up by 1. 5 and so is the cac and the ftse. Check out what happened overnight in asia. Youll see that the hang seng was up by about 1 . Korea kospi up by a third of 1 . Also take a look at the ten year note. Yesterday the yield ended at 2. 239 . This morning you see its right at 2. 248 . The dollar a little bit stronger against the euro at 109. 24. Its down against the yen at 120. 94 and gold prices that were down about 7 yesterday this morning look like theyre down another 3. 30. Today is the last full day of trading. Stocks continue to gain traction and go higher and avoid a down year. Lets talk about it right now. Hes the deputy chief us economist at ubs and joe is the portfolio strategist. I got that right . Not really. We discussed the whole hyund hyundai. You have to send me the commercial for him and maybe i can get it right. Is there any chance we can have a little santa claus something . Is the world okay . Yeah. Everythings fine. Its all good. People are worried about overseas activity and theyre probably a little too worried about it. If you look at all the details, details look good. No one is getting layed off. No one is miling for unemployment insurance. U. S. Consumers in good shape and housing in good shape and we have to think about we had a huge manufacturing expansion, maybe its taking a little bit of a breather. Im about as optimistic as you can get. Whats your gdp number for next year . A little higher than this year. Between 2. 5 to 3. But you a little more on the inflation side so your nominal numbers look better. So revenues look better. Going into the last week and a half here, is there a play . Play to be made. Its been holding this market back, you know, this quarter and even this year has been the corporate profit story and i think thats something that a lot of people are overlooking. As drew mentions the economy is fine. Looks to get better but whats been happening through the bulk of this year is corporate Profit Growth in the u. S. And year on year basis slowing. So people are asking why havent stocks worked out so well . Where is that december rally we typically have and the answer is at the most base level. In an environment where profit fwroeth is falling on a year on year basis its hard and a tough environment for stocks. Were more optimistic for 2016. What does that mean . The u. S. Is going to out perform in 2016. We have been four or five quarters deep now into this corporate profits recession and looks like in the First Quarter of next year profits growth is going to turn around in the u. S. Its going to turn positive. Thats a better environment. You had a lot of guests recently come on and say put your money in europe. If you want a really great opportunity, theres going to be more opportunity there. Do you buy that . I think its very important to differentiate europe and local currency terms versus foreign currency terms and if youre going to put your money in europe f youre a u. S. Based investor you do well to hedge that currency risk because what we see is europeans continuing to weaken their currency. So if youre a u. S. Based investor and going to europe and youre unhedged you have a lot of currency risk there. One of the big plays in 2016 would be european exporters to the United States and hedge the currency. Why . Because they have a big currency advantage right now. Dollar has been going up and euro has been going down. Today its at 109 so i think the real play in 2016 would be european exporters into the u. S. Because the u. S. Economy is doing better. Gdp numbers higher this year and the fed is intent on hiking because they see the economy get brg so for european or even a Japanese Company doing business here they have a big currency tail wind. Right. Is there another country besides the United States you think is going to grow. China is going to grow in a meaningful way but its slowing. Is u. S. Looks the best of pretty much anything out there that i think most people are thinking about. The u. S. Is going to lead. Other countries can do better than people are giving them credit for. I cover canada as well. Canada, i know its going through a tough time now but i think theyll follow the u. S. Lead and a lot of countries will follow the u. S. Lead. If were growing well take a lot of people with us and i think the break down youre seeing, particularly in a lot of the emerging world is did they align themselves with the u. S. Supply chain or chinese supply chain . Most of those countries are doing better. Well leave it there. Thank you guys. Happy holidays. Youre wearing a holiday tie. I am. Reindeer hiding behind teas. Festive octopus. Nothing like the holidays like octopus. Well take what we can get. Octopi. Its almost an octopuss garden. Its a quadropus actually. I have the same tie. Thats how you know that. Coming up the insideline on nike after the companys beat the street so far this year. Stock is the best performing dow component. First though, heres a look back at this date in history. Ideas are scary. They come into this world ugly and messy. Ideas are frightening because they threaten what is known. They are the natural born enemy of the way things are. Yes, ideas are scary, and messy and fragile. But under the proper care, they become something beautiful. While youre watching this, im hacking your company. Grabbing your data. Stealing your customers secrets. Theres an army of us. Relentlessly unpicking your patchwork of security. Think youll spot us . You havent so far. The next wave of the internet requires the next wave of security. Were ready. Are you . Another big quarter for dow component nike. The stock gaining more ground after profits beat expectations. Joining us to break down the numbers, an analyst for city research. She leads the apparel and footwear retailing. How long have you covered nike . Ten years now. I mean, is it just me or is it just unbelievable that high is never high for the companys performance or the stock . They just continue to i guess its International Expansion in china now but apparel of all kinds. Its just very well managed. Its a very well managed company absolutely. The numbers we saw going back 15 year stles never grown futures as fast as 20 . Thats lacking pretty strong growth over the last couple of years. I dont want to take credit for the 20 but the olympics have something to do with it. That nbc is going to be running, right . Well, actually encouragingly olympics werent in the futures window yet. One of the prospects for why theyre comfortable and they have to get rid of the oil products to keep it going again. Yeah, thats right. The olympics always provides an opportunity. So it goes december to april i guess. Thats right. So the olympics is past that. There is even before the olympics. Right. So they were in the european numbers so thats the euro championships. Its a soccer tournament. A round ball. They know its not really football. But anyway, thats that sep sepp blatter guy. I dont know. Hes in it. He says hes done with soccer. 8 year ban and hes like 75 or something. At first when i saw that i was like why arent they giving this guy a lifetime ban. His choice. Sorry. So okay. China is 28 . Have they ever fwroun that much before in china . I think probably in the earlier stages of china they have. How do they reenergize that area of the world . Whats so exciting i think about nike and so revolutionary about them is they have been able to revitalize the marketplace. Not just in growing emerging markets like china for the brand but places like north america. They have been able to merchandise it in a much more effective way while securing floor space and market share. Other than amazon or walmart the sky is the limit. Is it going to go to a 400 beside company . As you point out whats so exciting about being a brand in this day and age versus maybe a retailer per say is that you have this global community, this global secular growth is definitely part of why nike is so successful. The brand is authentic in that it identifies with health and wellness and athletics but theres also a fashion component. Usually things are not that fashionable for that long. Why do you think that is . Some fashion cycles havent always played to nikes strengths but i think there is an opportunity for them to identify with a lot of different consumers and they have also been one of the strongest players as well. That innovation piece sets them apa apart. And the light lowering of margins is due to clearing out inventory . Its not a negative doesnt indicate weakness . We dont think so. Inventories are higher as they attribute that to the disruption from the west coast port disruption that we saw earlier this year but overall inventories are up 11 and they posted this. So for our writers would you say that nike continues to just do it . If you were writing the intro to the story would you use that. Swoosh. Did i mispronounce it . Yes you did. Like hyundai pretty much, do you have a preference . Any other ways we can do it besides swoosh and just do it. Theres a lot of ways. We need like take a bite out of apple, we need things to draw viewers in. Im not that clever but we always like to compare it to a long race, a marathon. See. Were going to see something in three months. They do this four times a year. How much did lebron get for this lifetime deal. Hundreds of millions of dollars. Do we know numbers . We dont know. Thats not out there. No. Its forever. Its forever. No one has ever done a deal like that. Aside from jordan so you could see potentially maybe a line like lebron for jordan. Jordan still makes 100 million a year just from nike. Thats amazing. But no. W he makes more money from that now than his career. Thank you. The big short opens in theaters nationwide too much. So we turn the tables on them asking how much each of the movies central players are actually worth and were joined now to find out what we found. He has some of those numbers. So thinking about slices you can do the same thing with a movie and figure out the bank ability of each actor, producer. So brad pitt is the most valuable member of the movie. This is his marginal increase in revenue. Its based on every actor and director and crew member thats done any movie. Theres a guy in hollywood that runs the numbers. Com. He sells this data to studios and investors to figure out how do you put certain parts together in movies. Their inclusion in the movie increases the value of the Movies Box Office revenues by that much. Brad pitt is worth 9 million. So in total though if you would just add up these actors is that what the total box office would be. Yeah so the four of them add up to about 20 million. The total box office expected for this movie about 83 million. How do they get from the 20 to the 83 part though. Because theres way more actors in that movie than just them. Tons of crew members and directors and producers. The director is worth about 3. 5 million so its not just steven spielberg. So many guys in it bring it together. Ive seen this movie. Brad pitt has a relatively small part in the film. But you dont know that until youve seen the movie. You know hes in the commercials and he was in money ball. Based on this type of math you say Say Something like oceans 11 that would be the Biggest Box Office draw of all time. Theoretically. People know when theres 11 people you get the sense that clearly theres not 11 stars. So you can have three or four and people might think these people bring a lot of value. You would think its worth a lot. Hes only worth 1. 5 million. So theres a lot of people in oceans 11 that have big brand names but theyre not worth a lot. So right now we keep talking about it, most of these theaters are all full one star wars and crowding out a lot of fill. Theres a big question mark around whether there will be a distribution for other films. Who made this movie. I dont think it was univers universal. I think it was paramount. It would help to make for a compelling movie. Thats dwhy only four wall street movies ever made more than 100 million. Watching guys that have no idea. Talk about memorizing scripts so they can pretend to talk about these. Thats what actors do. Thats why they dont make money though. Luckily thats all they need to do most of the time. Wall street movies almost never make over 100 million. We cal