tv Power Lunch CNBC December 22, 2014 1:00pm-2:01pm EST
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thanks to mark fisher who leaves us with the final trade. >> oil, volatility, stock volatility. if you think that -- >> happy, healthy new year. "halftime" is over. "power lunch" and the second half of the trading day start right now. thank you very much. susan lee joins us from cnbc asia. sue herrera is out for the holiday. there is one big story front and center. natural gas's big drop down more than 6% right now. it was much lower this morning. is there a buying opportunity? >> speaking of buying
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opportunities will slow growth aboard mean opportunity here in the u.s.? we are debating that today. >> you know about sony's woes. a live demo on a creative way to protect your e-mails. >> all of that is coming up. let's 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 hasn't 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
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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 let's 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. let's check out nat gas
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prices getting clobbered falling down to two-year 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 six-month high. that was hit just about a month ago. let's 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
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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. let's get to breaking news in the bond market. two-year 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%.
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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 can't export more. i think the weakness overseas is good news. >> let's 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
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the market goes higher. i think the momentum is clearly to the upside. >> coming off the best three-day 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
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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 don't see you before then.
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>> thank you. >> thank you, as well. a lot of news out of russia. the deputy prime minister overseeing the economy says the government doesn't 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 russia's 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 mid-sized bank trust bank getting a $530 million bailout from russia's central bank. it is the first bailout of the ruble route. there are also fears about big deals over in russia.
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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
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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 country's ongoing currency crisis. it owes another 7 million or so. meanwhile the u.s. regularatory constraints don't 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. let's check in on oil. oil was up earlier today but tanking this hour. this is after saudi arabia indicated that it could increase. let's check in on brent and west texas. we are looking at some pretty weak levels. also at the pump let's check in on the price per gallon. we are looking at the number
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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. that's 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. i'm tyler. two days left until christmas. i hope everybody got to see that little walk. i was saying good bye to kate. that's 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
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bustling streets in mid town manhattan to find out this year's 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. >> wal-mart 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,
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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 can't 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 didn't? >> i think macy's won. i think that l brands, victoria's secret and bath and body works.
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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? let's 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, wal-mart, 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 it's definitely not going to be as merry a christmas for that low end consumer,
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unfortunately. >> liz, i'm 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 don't enjoy shopping as much as women do. even if i weren't a retail analyst i would probably go to the mall and just really enjoy spending hours at a time there. i don't 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. >> can't wait. >> susan over to you. >> gatherers -- let's get to weather news. bad weather set to disrupt
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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 mid-atlantic 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,
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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 can't do with drones. there is this video by the agency which reminds those soon 250 be drone operators that they can't 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.
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>> 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 caruso-cabrera 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 history-making 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."
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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 let's check in on how his picks have fared in 2014. phil predicted entry level battle heats up. that didn't pan out.
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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? let's 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.
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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 tesla's 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
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on cheaper gas? >> we'll 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 caruso-cabrera just back from havana last week after a history-making 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
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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 much-needed 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 self-employed people in cuba. transportation has gotten somewhat better because employees have taken over some of the state-run bus companies and those employees get to keep half of the profits so they are incentivised. taxi drivers can work for themselves. there are a lot more old cars on
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the roads than before. the big american cars can hold a lot of people. they are a lot more popular. remember, there have been no american cars for sale in cuba since 1962 when president john f. kennedy imposed an economic embargo. starting two years ago cubans were allowed to buy and sell those used cars to each other. up until then you could only get a car from the state and then you had to give it back to the state if you didn't need it anymore. the owner of this '48 chevy is looking for $3,500. he claims it runs though he wouldn't turn it on for us. scarcity of newer cars is leading to eye-popping prices. one woman we talked to is selling this for $80,000. this is a 2009 nissan. she paid $60,000 two years ago. 2009 is a new car in cuba.
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>> that was a radiator. >> it was bolted and bondoed in ways that were unbelievable. >> not big on the pollution controls. >> they retrofitted them to diesel. >> thank you very much. food and marijuana. i could stop there but i won't. we have kate rogers. why don't we start with you? >> we have a huge fight between colorado where marijuana is legal and its bordering states where it is not. heading to the supreme court. is this the end of the experiment in the rocky mountain state? i have a bottle of water. we are asking what will this and other beverages look like in 25 years. the beverage business in the next generation part of our celebration of cnbc 25. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution.
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let's check in on precious metals. gold prices closing right now. we are looking at the comexdown about 1.5%. silver, copper, palladium, platinum mixed picture out there as we are looking at pretty volatile trade at least for the new york markets. let's get to dominic chu for a "market flash." >> exacerbating the losses are the gold miners which are no more levered to gold prices so they are taking a hit. all to the down side.
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if gold is down 1.5% often times we expect gold miners to do even worse. >> let's check out the bond market on the back of the two-year note auction. rick santelli tracking the action. >> the two-year note was a little better than average. if you look at an intraday of twos we switch to today. you don't see a lot of bumps or movement around that time. remember, open the chart up to april of 2011 that is the last time yields were here. for purposes we had a 70 basis point handle and we haven't had one of those at auction since march 2011. all the curve, flattening based on bigger movements to the upside yield. this is a chart of dollar yen. we briefly touched 120. we continue to monitor that.
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it is still loftier price actions back to 2007. >> sony, this guy right here, this guy could have saved you from north korea's invasion of your embarrassing e-mails. anyone who sends e-mails and that is pretty much everyone should hear from this fellow. we will show you his live demonstration on how to protect your e-mails in two minutes. he is the man.
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welcome back. check out shares of price line.com up by nearly 3%. no specific news to speak of but the stock has been climbing since the opening bell today up by about 3% and climbing for the past week up nearly 6%. one of the momentum names showing good signs as we approach the new year. >> thank you. been nearly two weeks since the sony hacking scandal news broke. shares down about 2% since then. they were ticking higher. year to date the stock is up 20%. barrens noting it could rise 40%. where do the analysts stand on
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sony? five buys, four holds, one sell. wow. who is the sell? where does he live? julia boorstin is following the next moves. first to washington on a fresh north korea threat. >> well, the state department has a new message for north korea. state department spokes woman said earlier today they would like to see north korea pay reimbursement for the damage it caused. >> we are confident the north korean government is responsible for this destructive attack. we stand by this conclusion. the government of north korea has a long history of denying responsibility. if they want to help here they can admit their culpaability and compensate sony for the damages they caused. >> the spokes woman did not say how much they think the north koreans owe sony as a result of the hacking attack and how sony would be able to take a check
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from the north koreans. she said maybe a work around could be done to sanctions to allow sony to take compensation. that is probably unlikely to happen. the suggestion the north koreans had was that they should have a joint investigation. >> i wouldn't be waiting for that check to appear if i were sony. >> let's go to breaking news ft. goldman sachs has sold its embattled metal storage unit called metro to reuben brothers, a swiss investor. word just out that the deal was recently finalized. the terms not disclosed but goldman looking to sell metro since may of this year. metro is a place where investors and others can store aluminum and other metals sometimes over long periods of time. the practice is at metro drawing controversy as recently as last
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month from a senate panel. so tyler that debate will move on perhaps to other owners in the sense that goldman has dispossessed this asset and sold it to this swiss company. >> thank you very much. let's resume our conversation about sony and the hacking story. julia boorstin is here at headquarters. you have never seen anything like this story. >> i have never seen anything like this story. the question is how sony will release the movie "the interview." they said they are determined to get the controversial film out there. while there have been reports on sony's site sources tell me sony is in touch with other companies in large part because the streaming video site is ad supported and not set up for video on demand. other industry insiders tell me the only safeway to distribute it so no other company is pin
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pointed and so the service distributing it. the solution they say is for very broad release across a broad range of companies. we reached out to other potential distributors. netflix saying they are approached on virtually every unconventional release and don't discuss pitches. a number of senior hollywood executives say they think it was a big mistake to use the north korean leader's name in the film and instead say it would have been better to make him a fictitious character and say it is not their responsibility to defend sony and they don't really know the facts. >> ongoing story. we haven't seen the last of it. >> absolutely. i got something cool to show you. as the world scrambles for ways to protect their e-mails from north korea and every other hacker on the face of the planet this young man from brooklyn thinks he has found a solution.
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he has raised several million in funding and has a staff of six and more than 100,000 active users to his website. let's bring in the founder and ceo and nathan basically the sender can own and decide who reads their e-mails and how much of it they can read. >> exactly. the idea behind it when you share something either by e-mail or social media you have no control of it after you click send cht so we built a way where you can actually make something disappear on the fly whenever you want. >> so let's demonstrate how it works. in the interest of time i opened an e-mail you sent me. let's just show you what happens when you are sent a message for indestrux. >> what you are looking at is called blur in case you are afraid someone may take a picture of it with an outside
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device or take a screen shot. we want to make sure they only get a small portion of it and the rest of the file they have no access to. if you want them to see the full document or picture that you sent them you can do that by turning off the blur function. >> so let's see if i wanted to see the whole document that you have sent me. i'm looking at a noncompetition agreement which is very confidential. you can basically blur out the whole thing if i'm trying to see it all. >> myself as the sender. i sent you that and you saw that i allowed you to see the whole thing. so if i want extra protection you keep the blur on and you can still see what you need to see but in a limited way. if i trust you 100% then i send you the document like that and you can scroll from page to page. >> let's say i was being naughty and i wanted to grab a screen shot, this handsome devil, he
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looks really good even unmade up. so let's say i want to grab this and send this out to the internet or maybe to his adoring fans. i'm trying to do this. you can't. >> you're forbidden from taking screen shots and forbidden from forwarding it to somebody unless the original sender gives permission. most important part is when it is forwarded throughout the web you see where it actually went and you can allow that person to see it by clicking it on or clicking it off. if you want it to just go away at any given time you can make it disappear. >> i wonder how much tyler paid you to make that happen. you are saying you are seeing a surge in users after the sony hack attack scandal. >> a lot of interest from individuals and about the same amount of interest from companies looking to protect their intellectual property and the things they normally share.
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>> i'm looking for self-destruct e-mail because apparently it is like mission impossible. you can make an e-mail self destruct on cue. >> we also have a function called denote. so if you wanted to send something for one person to the next just in the form of a message but a little more than instant message you can make it disappear, as well. >> i'm looking forward to one day the self-destructing e-mail and you control everything. very interesting. thank you so much and good luck with the fundraiser. wasn't that cool? >> that was very cool. we loved that. what happens when you don't like what your neighbor is doing and you can't make a phone call or knock on the door? this fight is all about weed. go to cnbc.com/ -- got your attention there. vote to join the conversation. we will look at what the consumer industry will look like
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in 25 years. >> will soda be around in 25 years? will it be taxed like alcohol? how smart will smart water get? i'm back in two minutes with answers on "power lunch." (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound)
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so on this 25th anniversary of cnbc we are looking at the next 25 years. taking a look at the consumer industry and what beverage will look like in 25 years from now. >> i will tell you it will look different. regular coke, diet coke, pepsi are not cutting it. traditional beer sales are slowing. that is why companies are struggling to figure out the new demands of consumers and how it will shape what they will drink. we took a peek inside the innovation machines to find out what it will be. >> vanilla, strawberry. >> choices, personalization,
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customization. that is the key for beverages. pepsi is already thinking about it as it prepares to roll out drink finity pods. >> what does it tell us about the future of the consumer? the consumer in 25 years. >> it tells us a number of things. firstly, consumers are going to look for much more exciting propositi propositions. it used to be a long time ago that you had a choice between two different types of colas. now consumers have this vast amount of choice available to them. >> you are starting to see that in coke's freestyle machine in restaurants which lets you customize your favorite coke brand. that's what alcoholic beverage drinkers want, as well. >> over the next 5 to 20 years you see a consumer having a clear role on what the beer experience tastes like. . >> at the lab in chicago they
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are experimenting with unique flavor profiles. >> i think the flavor companies are going to get more and more complex with their flavors, more and more natural. >> reporter: big companies are experimenting with natural sweeteners. consumers want to make it themselves. for instance, home brewing equipment kits are growing double digits according to the american home brewing association and that number is expected to continue to grow. you will already see kaechs betting big on this. coke teaming up with green mountain to launch an at home brewer and pepsi working with soda stream to allow consumers to make pepsi drinks on their own. this is just the beginning. the trend for beverages is clear. personalization, do it yourself and make it natural and make it healthier. that is what beverages will look like in the next 25 years. >> great answer. tyler, over to you. colorado's marijuana industry under attack from
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across state lines. both oklahoma and nebraska want to snuff it out because marijuana still isn't legal as a drug as far as the feds are concerned. those states may have the upper hand now. we want your take, as well. who do you side with in this marijuana cross border war? colorado or nebraska and oklahoma? go vote at cnbc.com/vote. kate, explain what's going on. >> we have a big fight brewing here. the attorneys general of nebraska and oklahoma are asking the supreme court to put an end to colorado's experiment in legalizing pot. they say colorado's law violates the controlled substances act of 1970 and it is burdening their law enforcement in the states. the fact that the federal government is allowing legal cannabis to be bought and sold means the drug is seeping across state lines and they are just not happy about it. they say they are hardly scared. for example, one who owns an
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edibles company says the industry is too big to fail and oklahoma and nebraska will have to prove that they have endured irreparable harm thanks to colorado's legalization. another pot shop owner says a supreme court suit is small potatoes compared to other things that used to keep him up at night like an aggressive dea. the suit comes at a time when the pulse of the nation seems to swing in legalization favor. this last mid term election cycle oregon, washington, washington, d.c. joined colorado. once more forecast the legal cannabis industry to grow to 10.2 billion by 2018. supporters would argue that this one is here to stay. >> whether too big to fail or not time will tell.
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as you see there it is three to one in favor of colorado. >> not surprising. >> i will take nebraska and oklahoma in the points in this. colorado three to one. don't miss this in 2015. marijuana country, the cannabis boom hosted by harry smith. it airs monday january 5. back to work that day. everybody will be home, marijuana country, the cannabis boom 9:00 eastern here on cnbc. there you hear the sound of detonators to bring down kyle field which is the home of the texas a&m football team. wait until you see what happens next. a big price war in pharma. which company is on the losing end? that's coming your way next.
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million overhaul to improve facilities and increase capacity there. construction actually is expected to be completed by the start of the 2015 season next fall. they know how to get things done in texas. >> you bet. in this hour of power the dow and s&p 500 seeking the first four-day winning streak in more than a month. nat gas diving to the lowest level since january 2013. goldman sachs selling its embattled metal storage unit to geneva. your headlines for "power lunch." >> the war over hepatitis c is heating up and it is bad news for one stock tanking double digits. we will tell you which one it is and why. happy monday. brian is back in the house from midland, texas. he will be telling us what one oil company ceo is asking that is really shocking and
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welcome back. we are seeing shares of gilead take a tumble as it faces major pricing competition from new comer. express scripts today said it will cover the regimen on the largest plan for the most -- >> and sparked a major debate over drug prices. it is priced at $84,000 for a 12-week course of treatment or $1,000 a day. the regimen was approved on friday and the company said it would cost about $83,000. we're told express scripts negotiated a significant discount to that price as part of the agreement. the news has weighed on the entire industry as concerns mount that prices could come
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under the same pressure. steve miller said today we have to do something because prices have become unsustainable. back to you. >> thank you very much. that will do it for this edition of "power lunch." >> "street signs" starts right now. >> we'll see you tomorrow. > . >> oil and gas falling again. wait until you hear what one big oil player says he is ready to do with prices. welcome to "street signs." much more oil and interviews from texas finally running. whether your home is likely to be worth more next year. >> the dow is nicely high but the s&p is flat. as the santa claus rally starts this wednesday a santa rally in each of the past six years. less than 100 points away from the dow. take a look at the s&p energy sector. indexes up there currently
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