we're keeping an eye on went which was down earlier. the inventory numbers were bearish and usually that takes air out of stocks. hasn't happened today. >> it hasn't happened. six days of gains. >>'s it for "squawk alley." have a merry christmas. shortened session today. >> carl and kayla thank you. welcome to the closing bell everybody. i'm carroll evans at the new york stock exchange on this christmas eve. >> bill griffith, wishing i was there with you. i'm at cnbc headquarters getting ready to do the nightly business tonight. six straight days of rally. >> and the rally continues. the dow is up 54 and again this is a shortened trading session. so you are seeing us because we

do van hour heft o go in the session. looking to see if we can continue this run that's making front pages. the s&p adding record territory again. and same for dow. nasdaq up 17 points for his part but we're note braking out the nasdaq 5,000 hats just yet. >> but they are being made for that day it comes. and yes it is finally hitting newspapers. let's talk about the closing bell exchange. rick santelli and others join us. good to see you all. pat powell we are just joking here. i said we got 18,000. can we do 19,000 by new year's eve. are we at the point where we're expecting this just to continue?

is there complacency? >> there is always at year end. year end you always have the things that are in motion stay in motion. there is window dressing. tax loss selling so year end is always a little quirk kirky. and this market seems to be floating up almost effortlessly. i think the new year new gain. >> you think we grind a little more. >> i think we're going to float up for the rest of the year. >> what do you want for christmas, with regard to the market. >> i got my christmas present kelly. this was it. n in the old days somebody would create a big footprint in the market we'd called it a blue light special. that's exactly what we got with stocks over the kous course of the last couple weeks. a blue light special. you got a chance to buy on sale. and with that number we saw yesterday, what i want to see next year is the beginning of the great rotation. finally getting people out of

fixed income into equities. and if that happens, watch out. that turns into what is not a ten or a 12% year but maybe a 20% year of gains for equities and then you need art cashin pull out the 20,000 hat, not the 19,000. if we start to see that great rotation, out of fixed income and into equities and that 5% number yesterday kelly, if we see more hoff that it's going to happen soon are rather than later. >> keith fitzgerald you feel a little trepidation about 2015, why? >> what's happening right now is the fed is making fancy policy statements. there is a lot of calm in the marketplace. i don't go so far as the complacency but definitely calm here. and it reminds me of the calm before the store. i don't know that we're going to get the storm. the ingredients are all there for growth to me the emperor has no clothes and the lot of people

out there not willing to say so. and as evident by the low yield, it is still very much on the mind of traders. i want to be lock bng but very cautious into 2015. >> what's wrong with that, anything? >> yeah. definitely emperor has no clothes. but the scary part the naked emperor has a boat load of the central banking tailors that all have thread and needle and it makes me nervous. i really think that today and yesterday we should be a little cautious because the spread between tens and bunds is widening dramatically. what does that mean? yields are going up, no surprise. but europe's yields aren't budging. still under 60 basis points. what's that going to do to the dollar? foreign exchange markets, all of that is going to ultimately come back around full circle and

effect the central bank that is closest to tightening, meaning the u.s. central bank. my prediction for 2015 is simple. europe is going to count more than central bankers think it does in the big global picture. >> how can you say -- >> hang on. >> hang on jack. we got breaking news buddy. >> hold that thought. we do have breaking news on sony. with julia boorstin. what's happening now. >> right now sony has just announced its digital distribution plan for the interview. it is going to make it available, starting in less than an hour. 1:00 p.m. eastern, 10:00 a.m. pacific. google play, microsoft office videos and the documented website "see the interview.com com. and people will be able to purchase the film for $14.99. they are doing a day and date release. offering on video on demand at the same time in theaters.

actually they are putting it out earlier. people will be able to start watching today and a earlier theatrical release in limited theaters starting tomorrow. so a big reversal after they said they were not going to be releasing it in theaters after the terror threats and the president came forward and the white house now supports them to get the film out. >> shares up about 2%. interesting to see if google's are moving on this as well and julia do you think the delay and now the decision would have to take into account a enormous security risk on their part. >> google and microsoft as well. microsoft xbox is participating in as well a. and the reason they waited until now is they really wanted to have more than just one distributor out there. they didn't want to do it just

themselves. and i'm sure that google or microsoft would be more eager to participate knowing that it would be both of them. the idea being the more people that distribute it the harder it would be for hackers to take down any sight. >> it's gone from the movie nobody could see and now it will be the most available movie in history i think. >> from the statement of the ceo, he said we chose digital distribution first to reach as many people as possible on opening day. and we continue to see other platforms to further expand the release. it is very unusual to put a big film out like this digitally before in theaters but this is such an unusual situation. there is been such a stir up from the film. and of course it really will only be in about 300 theaters tomorrow. >> fascinating. julia thanks. see you later. and all my friends that go to movies on christmas. you don't even have to leave

home now. you can stream it and get take out chinese at that point. rick santelli, you said yesterday you will go see it. you can stream it now. >> no we're going to the theater. we are going to definitely go to the theater to see it. and whether it is a good movie or another lone ranger move, almost doesn't matter yeah i want to go see it. >> pat how about you. >> >> i'm not going to go see it but this reminds me of the new coke. a big mistakes that turned around and turned into a whole bunch of other things. so it's turning into sony was being beaten up and now they are coming through and looking sort of like heros here. a good pr effort on their part. >> i think it is going to be very interesting to see the impact on the streaming business. a first run movie like this. very front rage. >> there you go. >> this will open up avenues that haven't been opened before. don't you think? >> i think so. and necessity is the mother of inventi

invention. it is a calculated risk but i think it potentially redefines how movie theaters and streaming interact going forward. a think a lot of studios are going to watch this very careful. >> you bet. >> jack have you weighed in on this buddy? >> i'm looked forward. i'm just tired of the seeing dictators win. cuba last week. and north korea. i'm going to go see and it tell must all my friends to go see it too. >> i can't wait to hear what crow think of it. >> i think it's really interesting here that apple's itunes is not participating. itunes when it comes to selling movies itunes is really a leader. and google, you don't really think of google as a place to go buy a film. so this could really help establish the google play sfoto as a place people really think of as a destination for purchasing premium content.

and sony ceo calls out google and microsoft saying i want to thank google and microsoft for helping make this a reality. we couldn't have predicted this road. so he goes on in really praising google and microsoft. i know they were in talks with apple's itunes. it's interesting they did not decide to participate. although they could down the line. >> they are still talking they said. >> absolutely. >> i know we're always talking big picture about this market. would you make any trades based on the participation of apple or others or lack thereof in this release? >> personally i'd sit back. i want to see the numbers and what the streaming numbers actually come in at. i would not rule out the fact there is going to be a big revenue pop. whether that translates to the bottom line i don't know. because movies are still very expensive to get made. sony as brand is in real trouble i know. they have a lot oaf challenges ahead of them. so i wouldn't look to the stock

there. if anything i'd short on a pop like this. >> i think keith is right there. i think what you have to do is be very careful here. you have a dynamic shift in media. so it is a question of how it's going to all pan out. the real question is what we're going to see happen with netflix. >> there you go. >> that is the going to be the real key. in the in fact i'd be playing that stock if anything. >> it's buying on an unknown. so you might as well be gambling. and as long as you are gambling you might as well go go to new york city and put it all on 26. >> wait a minute, i'm writing that down. >> merry christmas everybody. >> thanks so much. >> you going to go see it? >> are you talking to me? >> yes. >> are you going to go see it? >> no. >> i feel as though it's our

patriotic duty somehow. so it's something to talk about. the dow is up 54. >> s&p up four points. nasdaq even participating after the biotechs got clobbered yesterday. >> will santa deliver a christmas gift to the bulls. >> and a tale of two media stocks. facebook up nearly 50% this year. twitter down 40%. so what will the new year bring for these two giants in social med media? that's next on the closing bell. merry christmas everybody.

welcome back. green arrows here on this christmas eve after the dow has been on pretty much a record setting run. closing above 18,000 and not giving up as we add 55 points. about a third of one percent. a quarter point gain on the s&p. the nasdaq actually finally, the outperformer up about .4% or 19 points. >> and everybody as we're looking ahead to the new year giving investors a playbook on how to cash in in 2015.

what is julia boorstin predicting for media stocks next year? take a look. >> with madison avenue on board. social media will grow up in 2015. first facebook will keep growing by adding to its family of apps with more launches and acquisitions. if other social apps are taking off like whatsapp our promise to revolutionize communication like oculus, facebook will snatch them up. and look for more in house developments. and with twitter as it makes a play to be the real time public social network of choice. second twitter will shift strategy. under fire for slow growth. it will focus less on growing user base and more on expertise with mobile. trying to become the ultimate infrastructure for app developers. everything from log in technology to ads. third get ready for the rise of

the reps. as snap chat pinterest and whatsapp get serious about making money. they have dedicated users and now they will role out a range of ways to make money for ad, commerce and subscription fees. the big question for all the social apps next year is not whether ads will annoy people but privacy concerns will send users running. >> well for those predictions and more. our julia boorstin with us along with a ross gerber from ckawas i kawasaki. >> i do think the fact that this film had such social support on social media is one of the reasons they have decided to release it. there was such an out pouring of

interest. and there is a list of all the theaters showing the film online. and i think it is going to have a big impact on the entertainment industry. and we'll see more releases day and date. a involved on demand around the same time if not the same day. in this situation the day before the neat cal release. but certainly a very momentous occasion. >> some o our staff have already tried to get online to see if they can download the movie or stream it and they can't get online yet. so i think sony is holding to that 1:00. >> yes, 1:00. >> either that or it is going to be over loaded at that point. >> this is historic. amazing. i am so happy. i was so angry about this. i love seth rogen. i can't wait to watch the movie. but this has totally up ended the theater business. the cowardly theaters that wouldn't play this movie are now

going to suffer their own death because this is all about streaming and this is the future model o of the movie business and the entertainment business this is aa la carte. >> i the understand if they were concerned about again being targeted, which they pretty explicitly were by these hackers. >> that's a ridiculous. >> you me the -- what are they going to do. >> how would you like to be the theater owner that has, you know, god forbid something happened. >> i run a financial firm with hundreds of millions of dollars that could be hacked into every day. i worry about cyber security every day. >> we're talking about an actual -- >> yeah but there are not north korean terrorist sleeper cells in the united states. this is just huge threats of nothing. they are like the little kid in the schoolyard that yells they are going to beat you up every time you say anything but they really have nothing. >> hang on -- >> take a -- >> hang on one second. julia i've just getting word now

variety is just now reporting that sony is also in talks with netflix to stream this as well. >> that's who i expected to do it. >> that would make sense there. >> that is a very different model. sorry sort of a subscription model. first and foremost they were going after the on demand audience. >> what if they stream it everywhere. >> spread the risk is the idea i think as much as possible. and from sony's perspective to get it out there as much as possible. and because they are giving up that revenue as it were from all the major theater owners. 80% are not planning to run this movie. of course that could change. but they might as well get it out there everywhere else if they can. >> and changing dynamics. >> and because they are not locked in the five major theater chain, they have that flexibility. but with a traditional theatrical release you have to wait a month before you offer a

film on video on demand. >> there will work for them. i think this is the thing that needed to happen to change so that we can prove that you can distribute digitally first and foremost. >> yes but this is a very unique situation. talk about publicity for a movie. i mean this film, everyone is talking about it all over the world. so it is an unusual situation and i think that theater owners are going to try to maintain status quo for a little while longer. but i think that it is going to make sony back some money. we also have to remember as kelly and i were just discussing they have to make back the roughly 90 million dollars they spent to produce and market this film but also dealing with about a $100 million in cost from the hacking and rebuilding their network. >> back to theaters for one second. sorry bill. again if beer tawe're talking about the situation a week ago the threats come out from the hackers and the theater has to effectively decide whether they

are going forward with the movie. if they have been consulted by the fbi and told not to do it or a similar agency, then unfortunately they are left holding the back. everybody else is able to get a step and now this will be streamed and i wonder where that leaves some of the major chains. >> i think they will decide to add it down the line. i don't think they will be running it tomorrow. they could change their mind but the chains could add it in a couple days time. and as with the big tent pole movie, people want to see a movie in theaters and i have a feeling this is the kind of film people are going to go out and see it in theater just because they want that experience. and yes there is going to be a continued shift towards streaming but i don't think theatrical movie going is going away. people like to sit there with the crowd. >> the numbers are decline every year. theatrical movie going is going down every year. people want to see things when they want and where they want and how they want to see it.

and i think this is why this is so cool. because for the first time we can get rid of this antiquated ridiculous model where i want to go see the movie, fine i'll go see the movie. but if i want to watch it at home, why can't i watch it right when it's released and that is what's happening here which is so cool. sony now has an experiment to see what will happen. and because it has so such global knowledge of this movie now i think they are going to do phenomenal with it. i'm cheering and happy for seth rogen. >> i guess you are not long the major theater chains. >> who win ifs in this. >> i do own imax. and people want the experience the angle on that. but all the others are in a dying business. that's why alcohol now and couches. they want it to be your living room is basically what they are trying to do. >> i have to say i got a look at one of the cutting edge theaters. a regal in los angeles and it had smell o vision and chairs

moved. and it was a cross wean tbetwee theme park and a ride. and i think that might be something we see in the future as the theaters try to distinguish themselves. >> that happened in the 50s too by the way. >> thank you you both. great story. boy, sony is making a july jug of lemonade in all of. aren't they? >> we think so. >> up 15. >> that's right. and the s&p adding almost 5. and the nasdaq having a strong day as well and all as the energy complex continue to be under pressure. >> when we come back, the gol y goldilocks stocks. the mid caps have been beating both the small and large caps. >> and later looking for that last minute christmas gift for the whisky lover no your live. our scotch expert has the best bang for your buck. stay tuned.

plus signs for christmas eve. the dow is up almost 59 now. it's been like that all day. and just remember as the s&p up four points and the nasdaq up 15, the market closes in about 30 minutes for this holiday shortened day. that is why you see ms. evans and me here right now. >> and you can also catch bill later on the nightly news report. that's why he's out there. and we continue our beat the street. the hensy cornerstone mid cap

three. tack take a look. >> so what is this fund doing other funds have not been doing? and what is their strategy for next year? let's ask their co-manager. happy new year and merry christmas. >> thank you. you too. >> i get what a large cap is and it's often a multinational and it's a cutting edge company. small cap, that is where all the job growth is. what is a mid cap company anyway? what characterizes them. >> well we define the mid cap space between 1 billion and 10 billion it. moves around. but we use those hard and fast to define it for us. >> what makes them grow? it is going to be company to company i realize. but why that space for you? >> you know, i think it is kind of the sweet spot of the market. the companies are large enough that they have a defensible market positions. but, you know, small enough to

really make kind of smart business decisions be impactful for their bottom line. >> brian, can you talk about a couple of the picks that have propelled you to this out performance and how you find them? >> sure. we use a quantitative method that is a strict discipline. and what we're looking for is essentially companies that have a price of sales below 1.5, increasing earnings year over year. positive momentum on three, six and twelve month periods. they are only domestic stocks and have to be in a market cap between 1 and 10 apple. >> -- 10 billion. >> jet blue, that fits the category, right. >> >> exactly we think they are going to do really well with lower fuel appliprices. and i think they are in a great position right now. stock has actually done really well the last toum years but we think it continues higher. >> you also like pilgrims pride and mohawk.

>> right. if you think the market is a little high right now and you want to protect your assets a little bit, i think pilgrims pride is a great way to play that. consumer staples. everyone is going to continue to buy chicken. for mohawk, the consumer is coming back into the marketplace. especially in the durable goods side. the numbers have been down a bit but i think this is the year where the consumer opens up the purse book and starts spending and spending on stuff they have deferred over the last couple years. and i think mohawk is going to be a winner in that. >> it's interesting. we hear from another brian reynolds about why big caps out perform small caps. which is kind of counterintuitive but it has a lot to do with corporate engineering and big corporate buy backs. where do you see it? >> we look at all that type of

stuff. and i think it's important that, you know, there is always going to be some kind of increase in dividends or increase in stock buy backs or m and a activity that happens in every space. i think we saw a lot of m and a in mids caps this year. asset prices have gotten more expensive and it's a little harder to do a deal seeing the r.o.i that you need to get on it. going forward we expect there to be minimal change in terms of dividends in the stock buy backs. we're starting to see that mid cap space expanding capital expenditure programs, which is great because they are now looking out 12, 18, 24 months and i think the longer term is really great for the shareholders. >> hxmdx. the symbol for the fund we've just been talking about. merry christmas. >> thanks guys. merry christmas. >> 30 minutes to go here and we're looking at that dow up

about 60 points. the dow pushing past that 18,000 milestone yesterday, and today continuing the run. the question now is whether 19k might be the next big milestone to keep an eye on. and maybe it is just a matter of months away. >> also we're going to hear from one bear, yes there are bears out there, who says sant santa e delivering presents now but expect a post holiday hangover in the new year. cnbc first in business worldwide. you're driving along,

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heading into the close here on this shortened session. the bell will ring at 1:00 and yet another day of gains across the major averages. up 55 in the dow. and santa may be coming tonight but is the santa claus rally for markets already here? >> let's see. david nelson and peter kosta as well. we've been asking what do you want for christmas? what is it you want for christmas and going into 2015. >> sure.

we always want the market higher. and we've learned it's a wonderful discount mechanism. we've been pushing to new highs all yearlong. and a lot of scares. and then we get a number like yesterday the and that is kind of the confirmation. >> the gdp number. >> the gdp number, you know, pushing towards 5%. this is a big deal. that is a big deal. and it kind of confirms some of the moves wean seen earlier this year. >> i period i know you are think act t ing about the family fund. where are you going the. >> i'm going to -- and i said this yesterday. i'm going to be looking for the few value plays that are left. and there must be in the world of 4800 different equities, there's got to be 10 or 15 stocks in there that are undervalued. and that is what i'm going to be doing. i'm hunting for value instead of trying to catch a wave that is going to run out of steam at some point in the next couple -- >> typically i know that jeff

hirsch would say it's the last five trading days of the year. >> starts today. >> is it upon us? have we already had it? does it even exist. >> actually i think that's another myth. but you know what, let's enjoy the fact we've had a 6% run up in six trading days. but it is a myth i think. it's the end of year the a lot of money is being put to work. also there was cheap stock with the market down 5 and a half percent. but it's more about finding stocks and finding value and looking forward to the future. >> david, where are you going to look for value? you take issues with those companies that do all the buy backs? i do. >> engineered earnings as some could call that. what are you doing in 2015. >> in 2015 that is not an area i

want to look. it's obviously driven the market for the last several years. financial engineering. that is going to eventually run out of steam. if you keep doing that eventually you turn into ibm. i'm looking elsewhere. i want to see real top line and bottom line growth where they are really earning the numbers and not buying back stock. >> who do you have for that. >> yoov name for you right now. and -- >> lessons from 2014 is that it's probabit e it's probably better to pick the index. >> exactly. >> you know what, i got to take issue with that one. >> i agree with you a hundred percent. >> i take issue with that. >> who would have predicted what would have happened in the energy space. >> nobody can predict that stuff. but there are good companies out there and frankly, we're past the time of index investing.

>> what are you talking about? >> why use a shotgun. use a sniper rifle. >> [inaudible]. >> well there are a lot of money manager out there outperforming the index. don't believe everything you read. >> i agree, 100%. >> peter i guess from a practical stance, i can understand for the pros there is a value of doing the research and studying. but generally speaking haven't we seen testament to the fact of doing an index investor for the last couple of -- >> everybody's a genius. there is no science to a rising market. when the market sells off that is where bottom up research is where it becomes very important. if you do research and like four stocks in a group that is -- in an etf that is 35 stock, why wouldn't you invest in the four you like? why would you risk the fact that you did all the work to figure out what the four best stocks

were and give a chance for every other one to fail. >> because the market is constantly reminding everybody how -- >> that is coming to an end for the following reason. a lot of the reason the indexes outperformed so much has really been the fed and the fed is pulling away right now. they pumped in the liquidity and brought up the bad with the good. we're seeing that less and less and less. and as time goes on, and if you focus on the high quality companies, those with growth and earnings you are going to do a lot better. >> yes. >> yes. >> fair point. >> all right guys. merry christmas. exciting weekend coming up in the kosta household has he goes searching for value in this market. >> yes. >> and apparently the dow up 50 points today. >> putting us on track for a six day win streak. which stocks are leading the way? we have domonic chu to round up the numbers for us. >> and oil giving back yesterday's gains. will prices keep slipping?

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dow up 41. s&p up 3. both in record territory. the nasdaq up 15 and kel, one of best statisticians around here just pointing out this as six day win streak. the strongest going back to july 2010. >> exactly. and domonic chu is looking at names, pushing us higher again today. >> the sony stock is ticking higher in today's shortened trading session. as the company will release "the interview" in just about 15 minutes. another mover here is oracle. shares are trading up again today. the move means oracle is now worth around $205 billion. the peek share price in september 2000 was over $46. shares up also novo nor disk.

and gopro on the move as well as it continues to gain momentum following the post ipo lock up expiration. a cal maine foods missed expectations and warned that future results would be --. yes cracking some eggs in today's holiday shortened session. >> making omelets. >> yes we are. >> eggnog. come on. >> you got it, guys. >> we know how much you like eggnog. >> i do. >> i can't stand it actually. are you a fan? >> sure. coming off the highs here but still above 18,000 for the industrial average and s&p up 3 points. >> the controversial comedy "the interview" will be released online with google as one partner. this just hours after

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welcome back. >> all right we're heading -- go ahead, you first. can you tell we're making this up as we go along. >> i was going to say we're up basically a thousand points in the dow in what about a week? >> the strongest six day win streak for the markets since 2010. i'm wondering though at this point now, you know, wore at 18,000. whether we're getting to the point where people are becoming a little kplasn't a kplasn't complacent and saying they're expecting 20,000, of course we're do that. >> and speed is increasing so it only took about six months this time. about seven before that and then several years to get from 14 to 15,000. that of course encompassed the financial crisis and many people at the time weren't sure we'd ever get back to those levels let alone well above them. >> when thing are going well we

don't expect them to last. and when things are going badly we expect them to last forever. ben willis what about they point that maybe we are get 18,000, o 19,000 is coming next? >> i think it is a luxury problem and nothing to worry about right now. i believe what we see built into the great unwind some extreme volatility, something we started to get comfortable with if you remember very early in the month of december we had the swoon to the down side. people expected this is it. the bull market is over. everything is going to go wrong from here on out and then we had the turn. from that point on i think you can expect -- everybody wants to be -- i call it the -- everybody wants to be the one that says the market is going to correct. we are going to have a nasty correction. i don't think that is really the case. i think we will see major volatility but i don't think

this bull is anywhere near tired. >> elaine is out there somewhere. people have to look her up to see what you are talking about there. >> i am curious what people say to you about this market. when people come up to you do they say this is crazy? do they want to get involved? what are you hearing out there? >> the general outlook is not terably emotionally engaged in the rally ever. most of them are still sitting there saying i don't understand this. i don't feel the economy is at a new high. why should the stock market be at a new high. corporate america can do better than the overall economy by cost cutting and figuring out how to improve business. there is a little bit of vacuum in news. earnings will be out shortly. if you notice very few companies have come out and reduced or tried to tamper down earnings expectations. i think that is a potentially

good sign for earnings in the fourth quarter. >> art cashin indicating we have about $400 million to sell on the close. >> we were talking about how sony is finding these partners to stream "the interview" beginning in about ten minutes and into tomorrow, as well. do you see a play there? do you want to trade those guys in social media or sony or netflix? google is going to participate with youtube. >> i kind of wish you didn't ask this question but i think the only way if you are going to try to trade that is you want to be playing the insurance companies. there is a little bit of danger here whether imagined or not. i think from a trader's perspective i don't know if you see a benefit from the names you talked about. i would be more concerned about cyber protection or physical protection of those places that are going to broadcast it. >> do you sympathize with the chains who decided not to show

this? it is back to the point that we were debating earlier? >> i have to. it is a whole different -- it is one thing to wave the american flag and say we have the right of freedom of speech and should not change our style of living. we know what terrorists can do and whether through a cyber attack or some other emotional discharge it is going to be a very unfortunate situation on christmas day for somebody to take advantage of that. i have no problem with people saying we need to view this from a different perspective than simply waving the flag and saying we have the right to show this. >> do you notice they always try to get you to rent the high definition version of the movie first? that always annoys me. it is $3.99 if you rent the sd version. >> we are showing the google play website right now. >> what kind of television do you have? >> i have a -- >> does it have rabbit ears? >> it annoys me. you don't need to rent the high

definition. >> you guys stay there because we are coming back with the closing count down for this christmas eve. >> after the bell will santa keep delivering goods for investors after christmas and into 2015? we will hear both sides. you are watching cnbc first in business world wide. right now, for practically just your signature, you could drive home for the holidays in a new volkswagen. like the sporty, advanced new jetta and the precisely engineered passat tdi. ah, the gift of clean diesel. for the new volkswagen on your list this year, just about all you need, is a pen. festive, isn't it? get zero due at signing, zero down, zero deposit, and zero first month's payment on select new volkswagen models.

back with closing count down. here as you pointed out statistician pointing out that the dow in the last six days,

this has been the strongest six day win streak for the market going back to july of 2010. you can see in that timeframe the dow has been up about 4%. and you are wondering what the ten year yield has done in that time. it's been up 20 basis points. the yield has risen four of the six trading sessions that we are talking about here. that is the biggest percentage point if you want to look at it that way, basis point gain in yield over a six-day period, the biggest since november of 2013. back with bob pisani and ben willis on the floor there. ben, if we keep getting stronger economic data, you have to believe that the fed is going to have to pick up the pace on when it will raise rates. what is your view of what the markets will do when and if that happens? >> i think we have had a long enough time that the original thought process was that the market would react very strongly to the down side.

i don't think we will see that at this particular point. i am still in the camp we will see an early rise. we will go to a quarter point to show the market where we are going to go. i don't think the equity markets will sell off. we have been talking about this run that bob talked about coming in. the real story had been the 30-year bond. that is going to be the market to keep an eye on as that corrects as interest rates go higher. >> there is some idea the market might not freak out. the gdp number, 5%. in the past when you see big moves when the gdp surprises on the upside, in recent years the market went down because people were afraid that qe would be ending. that didn't happen this time. >> the market that did react was the bond market. the stock market did not fall. >> i think that is at least an encouraging sign that this time around maybe, maybe we might be able to withstand presuming the fed can engineer a gentle rise

in rates, big presumption but might be able to withstand that. >> as we know wall street loves traditions. they look to traditions. traditions suggest that today is the beginning of the santa claus rally. we throw that term around loosely. today traditionally as you pointed out is the beginning of the santa claus rally. we have had six consecutive days of strength in the market. will this continue into the new year? >> i think the rally will continue but i would not be surprised to see one or two days with a sharp move to the down side. there is still so much money. for the longest period of time we were seeing money raised by some of the larger funds but not seeing it going to work. we have seen a change in that. i think there is a lot of money that will go to work if we see some sort of pullback. the rally may have been bought a little earlier than usual but i still think the last day we will see higher than we are right now. >> 54 is the low we hit. we have been in that range. if we drop into the 40s i think

you see a lot more pressure on energy. i am not feeling that is going to happen. >> merry christmas 2to you both >> heading out to the close. here now is the second hour of "closing bell" as the market closes for this christmas eve. merry christmas everybody and to you, too, kelly. merry christmas to you. welcome to "closing bell." i'm kelly evans. looks like we are going out in records across wall street. the dow adding about -- we gave up significant momentum into the close only about seven points. let's see how things pair off and shake out here. the s&p 500 turning red there just giving a little bit of christmas coloring. the nasdaq up about eight points. we are back to hear from michael

feinstein. he has new year's eve airing. apologize, we are excited but i apologize if that interferes with the sound for the next couple of minutes. let's bring in today's panel. jim is here from american enterprise institute. welcome everybody. joining the discussion, dennis gartman. all is coming up roses in time for christmas? >> i am glad i adopted my new investment strategy, only invest the second to last week of december. it is -- i can't guarantee future result. >> is it a slow driven move? is it for real? >> i think a lot of it has to do with the fact that most data here in the united states is rosy. when you look around the world you get a different story. we are blessed to be here in the united states where we saw not

only strong data but improving dollar. >> you do have to wonder how much volume and lack of liquidity plays a role. the feeling that everything other than energy and every other economy is doing pretty well here. i do know traders that are expecting this. they thought we were going to rip into the latter stages of december and the market is cooperating. you are seeing effects and disparity in commodities. >> let's listen in for a second here. ♪ who are dear to us will seem near to us once more ♪ ♪ someday soon we all will be

together ♪ ♪ if the fates allow >> dennis gartman with us. if you can hear me, it is a nice time of year, maybe not for the oil bulls today? >> does everybody know who wrote this wonderful song? it is a great trivia question. >> do tell. >> the great velvet fog meltormay wrote this song. one of the great singers of all time. i can't imagine how much money he has made over the decades as people have played that song and paid their royalties for doing it. back to the markets. if you are a bull on the oil market this has not been a good year. i fear it is probably not going to be a good year next year. i see no reason to think crude oil is going to rally. the term structures continue to be overtly bearish. bless the united states for the ability to fracexcept for new

york. that is changing the landscape of the united states obviously and changing the landscape of the world. too many people believe we are going to see a huge and quick shuttering in of production. that's just not true. given the term structure and slope of the curve in the crude oil futures you can produce crude and sell it back at a highly profitable range. we will continue to see production increasing and not decreasing over the next six months. >> i think you made great points. i was wondering whether we would see lower levels in the next week or two days. you recall 2008 we were in the mid 30s in terms of crisis at that point. you have slim liquidity and inventory numbers as of today showing us we are seeing robust production in the u.s., as well. i think your point is right. it is not going to be that easy to bring in production on the u.s. side. this is going to be a multi quarter process and probably

will see pain. we will start with trends and dividends suspended or reduced. there may also be pain in the bond market in 2015 and painful realizations that drilling may have to slow or stop. i don't think people are going to move until their hand is forced. there is a camp expecting this to be a one or two quarter phenomenon. >> it is amazing how optimistic midland and the bakken can be. it is amazing how many people think this will be over quickly. >> were you amazed to see leaks that opec is projecting $80 within the next year? >> i had a hard time stopping the laughter. that is simply not going to happen. i wrote about it this morning, the data coming out showing how quickly china has moved from being supplied by saudi arabia to being supplied by angola to other suppliers and clearly the

saudis are very upset about this fact and are going to make certain that any market share that they have lost they are going to regain and they have the ability to do that. this is not going to end very quickly. this is not going to end nicely. there will be a lot of disturbing circumstances, bankruptcies, shutterings later in the year but not in the next two or three weeks or two or three months. this is not over quickly. >> bring it back home for us. talk about some of the impact we can see in 2015. >> there is a couple of parts of this. if you look at just united states and gasoline consumption we are estimating maybe you pick up like $100 billion of annualized additional spending that can go into the pocket of the consumer that does not go into the gas tank. that is a clear stimulus just for the united states economy. multiply that globally. it is a positive for all of

those things and global inflation and keeps fed and other central banks being able to stay lower longer. all of this i think is a relatively positive thing for equities in 2015. >> you see reasons for concern? >> i love the whole story. the additional $1,100 a year forufor u.s. consumers. most of the bull cases i'm hearing you have the fed, the oil case adding half a percentage point to gdp. what are the down sides? i feel like we are so bullish right now. it is that time of year, too. how much are we concerned about the strength of the dollar which is my ongoing massive concern is what is going on in europe right now. granted the fact that you have the lower oil prices helps those economies. those are my concerns. u.s. dollar and europe. >> europe you are saying is your main concern. it is amazing to look at where the bond yields are trading. you almost think the numbers are fabricated. who would buy ten year paper

from france or italy? you are chuckling, is this because it is internally domestically financed by the banks and part of this loop to keep borrowing costs low or a rational reason for anybody else to be buying that paper here? >> there is a real rational reason to have been buying their paper because that economy is as weak as it can be. i should revise that and say it is as weak as it is now and can get weaker still. they have done nothing proper to turn it around. eventually the ecb will have no choice. the germans will have no choice. but to move into quantitative easing. they have to do that. you have negative rates in switzerland. you can get close to negative rates in germany before this is over. as preposterous as that may sound. >> that makes no sense especially in light of what you are hearing in recent months about the disparity in the

credit markets and further dislocation from the core and whether france is a member of the eu. people are really starting to make even more picks in terms of what credits and stocks they buy. >> the european market in as much as a tear. a gain over the last six sessions for the dow jones industrial average, strongest six-day streak since july 2010. we faded significantly there into the close. we almost turned negative on the dow after being nearly triple digits. s&p did turn negative. dennis, these markets here, do you start to get concerned about stocks overheating, if you will? >> i'm concerned all the time about everything. but at this point it's still a bull market. prices are still moving from the lower left to upper right. anybody who has tried to fade it

has proven that has been an ill advised decision. i have tried every once in a while to sell it. that has just been silly. so the trend, it is still a bull market, why fight it. >> your top picks for 2015? >> i think for us it is still a lot of what we did in 2014 which is stay long the dollar, stay long u.s. assets. a little more exposed to places where if you are going to go to emerging markets you want to go to places where there is still a very good chance that the flow through in energy prices doesn't hurt those countries and it can grow long r term. selective and mostly here united states large cap stocks. >> thank you for your time this afternoon and for the information on the singing that we heard here, as well. good to see you. merry christmas. >> merry christmas to you. thank you very much. >> appreciate it. what now?

that is the question everyone is asking with the dow breaking out yesterday. veteran tice shares his look into the future next. back to plan a. sony has released its controversial comedy "the interview" on multiple platforms. tomorrow the film hits about 200 theaters on the heels of the hacking and threats from north korea. we will talk to one of the theater owners who decided to play the controversial comedy but a few hours ago dropped out. he will explain what is behind that decision. you are watching cnbc. ♪

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welcome back. my next guest remains very skeptical calling for a market sell off of 30% to 60%. joining me now is david tice, president of tice capital. you don't look very happy. what do you make of this market? >> i'm happy it is christmas. it's christmas. as far as the dow at 18,000, certainly the market risen a lot more than expected. i tend to be very, very early on these things. i had the same feel in '98-'99.

now i have bien seeing it in 2013-2014. this is going to end badly. i have every confidence in the world. you need to listen to people like david stockman, these guys were talking about how zero interest rates are not helping the economy that much. we have a labor participation rate at record highs. 92 million people exited the workforce. this is going to end badly. it is hard to say when. >> just bringing in the panel here. >> what exactly is the mechanism for how things are going to end badly? you are worried about low rates. i look at what has been going on in europe where they had the central bank tight and worried about inflation. i see our economy growing at 5%. a european leader able to deliver 5% growth and our job gains he would be reelected by acclimation. how is it going to go so wrong so quickly? >> rates are going to have to go higher.

there is going to be -- we had 5% gdp growth helped by a major contribution of nearly a percentage point from artificiality of obamacare contribution. we had only 2% corporate earnings growth year over year. we have had 0 interest rates are not going to be here forever. when interest rates go up there will be problems and rates are going to go up at some point. >> i am quite confident that at some point the market is going to go down and we will have a recession. i just don't see it in the cards at the moment. most of the data we are looking at is moving in the right direction. if you think about the points that david just brought up, at looets we are seeing some earnings growth. we have a dividend yield of something like 2%. there are some net stock buybacks going on. when i think about valuations at 16 times forward earnings it is

not cheap but certainly not super expensive like back in 1999. we don't have an enormous bubble in the housing market. credit has not been in a bubble stage like 2005, 2006, 2007. if david is expecting interest rates to move higher i think they will move higher as the economy picks up steam and things start to get better over time. i am hoping that he is right and we see higher interest rates. >> are you shorting this market? or are you in all cash? >> i've not been short stocks. i played the vix call options a couple of times. i have lost money sometimes and made a little money sometimes. i am still a big believer in gold. that hasn't treated me well. bullion i feel like is a buy of a lifetime. with what is going on with central banks around the world, the ecb loosening, we see

chinese credit growth going crazy. japan, u.s. having grown balance sheet from 800 billion. gold represents one quasi-currency. >> so your argument reminds me a little bit of john paulsen where he thinks this new money supply will work its way to the system and gold is going to be a great thing to have at that time. is that where you are coming from? if so what is the timeframe for that trade? i know it is taking an awfully long time. he kept his money on the table in september of 2011 when he could have sold it for a huge profit. >> what prized the bears is how long velocity has stayed low. with this increase in the monetary base if velocity picks up we will have significant inflation. to the other gentleman's point if the economy does pick up then velocity is going to pick up and

there will be inflation that is going to, you know, take place. now, the question is, that has stayed low because we are in the cusp of deflationary spiral. looking at oil prices falling as they have. gold is held in pretty well given how low oil is gone. >> we know what we are watching in 2015. americans hitting the roads for christmas with the lowest gas prices in recent memory. oil taking it on the chin. we will look at where oil is heading for the remainder of this year and into 2015. and a change of heart what one independent theater owner has had. that controversial comedy being released in some 200 theaters not affiliated with the large exhibition chains. it hit online streaming sites about 20 minutes ago. we will hear one owner's

concerns about showing the film and his take on the online theater strategy and how it could transform the movie business.

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on wti. just over $56. brent was under 60 and now it is near 61. this is interesting as we are going into christmas eve here maybe a bit of a rally on our hands or less steep losses than we were expecting. this morning we did get a build in inventories not only in crude but also in products that sent these prices lower. traders saying for the rest of the year potentially bouncing around levels but fundamentally really nothing has changed and are expecting to see a little more red into the new year especially when more new money come s on the table. the lowest that i had seen $2.39 before christmas. $2.35 today according to aaa's fuel gauge report. we are tracking those because that savings means a lot to consumers. back to you. merry christmas. >> merry christmas to you, as well. for more on oil let's bring in john with our panel. kind of interesting question for

you. how much do these bench marks matter when we keep hearing more and more about people being able to kind of name their price for oil. is that happening out there? what do you think? >> i mean, certainly in western canada we are well under what you are seeing on the screen. we have seen the saudis and everybody else out there discounting their prices to the global bench marks like brent or dubai marker. it is a battle for market share galore right now. this is all part of the shock and awe strategy to really disrupt things and send these prices crashing lower to the point where it scares corporate planners about what to do next year in terms of drilling. >> so i have spoken with a london based crude trader, 45% up. he said one thing that benefitted them was call in natural gas and bearish stance on crude.

i want to run a couple of things by you. he predicts a low of $40 to $50. obviously $40 in the new year. agree? >> i agree. >> he thinks the saudis will raise production. i know given the inventory numbers today you had the suspicion that maybe they were the ones sending crude to the u.s. to refine. do you still feel that way in. >> i do. they are just setting up here for a massive fight. they are going to teach everybody a lesson. i believe that is what they are setting out to do. >> do you expect to see an emergency opec meeting in february? >> the saudis are really ready to ride this out. they told everybody in the cartel to be ready to ride this out. that is what we are witnessing here. it is really remarkable. this is a shock and awe strategy. >> if we are talking about $30 crude next year, just to take these predictions at face value, what kind of reverberations will

that have across the world? >> i think it goes beyond the greatness that it will provide to the u.s. economy. 80% of the crude oil barrel goes to transportation fuels here. that is why it is really so important, goes to the bottom line. you are staring down potential regime changes in russia and venezuela and other middle east countries. not only oil producing countries but countries that benefit to keep the peace. it is going to be a very tumulltuous year as everybody gets forced to undergo and experience severe austerity. >> we are under weight oil and don't have significant exposure to places like russia. but if i take this whole thing which we have been talking about for weeks now and turn it on its head and imagine the price instead of from 100 to 50 went from 100 to 200.

we got a lower oil price. didn't get an oil price shock going to 200. and we got better performance in the u.s. economy last two quarters. we got a stock market that has been exceptionally well and overall the consumer is doing and feeling much better. so if we the price going much higher in a classic oil shock like we had in 73, 74, early 90s i would say we may have a real concern here. i have a hard time getting concerned about the global scene with the oil price going the other direction. >> you said global. i wonder if you agree and how much of this is about hoping that the u.s. remains relatively stable and strong as other effects take shape. >> this is -- the black swan. this is a black swan. remember, it does want have to be a bad thing. there can be good black swans. >> is a black swan not definitional? >> it just means --

>> it can be positive. >> an extremely negative market event. >> the book came out when there was extremely negative market. you can read the book next to the holy bible on the book shelf. you can have a positive shock. and i think already if you can make a prediction and this is going to be our prediction show. in 2016, at the end of 2015 the big story will be how oil effected the economy in ways we cannot predict. that is why sort of the unknown unknowns. the geo political situation in russia, venezuela, iran. extra money for u.s. consumers. >> the other nice thing about the predictions is everyone is certain that oil is at 55 and going lower. where were these people when it was 100? i'm not all convinced that it is at 55 going to 10 or 20 or 30.

i know it is a very volatile market. there is all kind of elastici elasticities. as best i can figure is that at the end of the day supply and demand will determine this price. i think there will be lots of opportunities in the energy. i think you got to keep an open mind to that. >> can i throw out a theory here? we were talking about the santa claus rally and why it has velocity to the upside. what about the idea that it took a while for it to sink in that we were in a cheap gasoline environment and oil prices were going to stay low and that plus gdp and reduction in joblessness are adding up to net positive picture? >> the fracers were hard at work at $100 oil. this has been a building scenario. we hit the tipping point about mid year. that is what has done this. it is different this time. it is a wall of supply that i think was unforeseen in its

magnitude coupled with other events that happened. i want to point out one thing very important here. fittingly they have the santa tracker up here and santa claus is leaving the middle east as we speak. he just left terra ta -- tehran >> so good to see you. merry christmas. >> a week ago sony pictures seemed stymied in the release of "the interview." today full speed ahead with the release. tomorrow hitting more than 200 theaters. we will sit down with the ceo of a small movie chain who was planning to show the movie but

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welcome back. after much debate "the interview" is available as of 30 minutes ago. it can be purchased at dedicated website seetheinterview.com for $5.99. more than 200 theaters nationwide will be screening the film tomorrow. our next guest is a theater owner who backed out of showing the movie at the last minute. i know this is such a difficult topic for a lot of executives which is why i'm curious to hear your reasoning for not showing the film. >> thanks for having me. i appreciate the opportunity. it is a complicated situation. i think sometimes the general discourse that we were seeing on twitter made it sound like it was a simple argument that you can make a stand and we will do

a, b, or c. people fail to realize there are real things at stake here. we run a small family own company. we have a flagship location in omaha. what i was trying to reason with people because we jumped on the opportunity to play it. yesterday when we talked to sony pictures who have been under extreme duress and have been nothing but professional in dealing with us about playing the film i said let's try to put this into a theater where we could fit it in. and we knew there would be logistical problems. how do we make it happen so fast. so we committed to it and then we proceeded to visit between the family that owns the company. we talked about it and said wait a minute, are we making the right decision here? are we serving our customers and our guests the best way possible. >> what was your concern? an outright attack? the actual safety of the people who would come to watch this

movie? do you feel as though you would be targeted? >> not at all. what is interesting is it is hard to delineate. perception is reality. i think in the theater business we are taking a very tennious situation. every time you say theater and terror or theater and violence we lose. we as exhibitors lose and the customers loses. your point is exactly on target. that is it is not the actual violence we are fearing but it planted a seed in our customers, people who have a trust in us and have a contract with them that when you come into a cinema you are going to be safe. this holiday weekend we need to understand how important this is. this is one of our busiest days starting on christmas day, one of our busiest weeks. we have to balance everything. it was not an easy -- we don't have the luxury of making an easy decision. it was to say how can we balance what everybody needs here. there are people in our

markets -- >> thank you for joining us. number one, you were worried about people feeling uncomfortable coming to your theater even if you had no real fear of violence. you were worried about a contagion effect on other pictures that you were showing on your screens as people worried about violence even though you thought it was unlikely to result in anything real. is that what you are saying? >> you said it better than i could say it. that is exactly it. >> bringing in the rest of the panel here. i think one of the issues at stake is just to what extent you feel as a business owner like you have to make one decision and actually if i can put it this way and as a patriot like you have the ability to show this movie as sort of making a stand, as an act of free speech, if you will. do you guys feel like that is an important ingredient into the decision to show this film here and for people's decision to go? >> i think if you show the film. there are people worried out

there. i didn't have to run across anybody who is actually worried about north koreans attacking in the theaters. this is really -- i think the odds of something happening are so low. if you are concerned you don't have to go. but to take that choice away from people and saying we are not going to show the movie because it makes some people uncomfortable. those people can stay home and watch something on netflix. >> it is a business decision. >> bill, go ahead. >> can i jump in there? really valid point. as far as being a patriot that is an easy target and an easy shot against us. i think the reality is we have to think of so many more variables. i served in the united states military for 8 1/2 years. any thetrance that we are not patriotic these need to be factored into decisions. i would say there are people who didn't bargain for this. i operate in markets where it is not black and white. it is very gray. there are people who don't want

any part of this. do i then have to please one set of people that have an agenda? again, we are a small family company. we have built this company over 20 something years to build this. i can't make flip in decisions. i have to say how do i please as many people as possible? all theater owners, we were put in a tough position. we weren't asked should this film be made. we were not asked what date should it be released. >> you take issue with the film that shows the assassination of kim jong-un and the taste with which it is done, the theme of the movie is at the core of why you didn't feel comfortable showing it? >> i'm not sure that is the whole reason. i think i say perception is reality. while we may have a private discussion and say was there a real threat it is here nor there. if there is a perception of a

threat by a large percentage of my customers that i understand. we are not off in an office. we are boots on the ground running and operating our theaters. we get to visit with people all day long. so i actually have the information and the e-mails that i get continuously and phone calls regarding this topic. i think maybe we have a little more insight into it. i think being given just a little bit of credit that maybe we understand our markets and also understand that just because we were being forced to make a fast decision, fast doesn't mean good and smart. i have questions about why it was being forced out so fast. i think this could have been handled a bit differently. i think sony distribution people have been nothing but professional and understanding of my view point. in fact, really shocking, i think people shocked as to how much they understood our view point and sympathetic to what we were trying to say. this was left on our shoulders and left on my shoulders.

i made the decision to do it. i am comfortable with it because i think i have the information that other people may not. this contract i have with my customers and not just a very specific subset of my customers, but all my customers. so the holidays are a great season for going to see movies. we have a million things to watch. we are comfortable with our decision. >> bill, understood. we can hear you struggling with the decision even now. taking it very importantly for the customers you are looking after and being here to explain it to us, as well. we appreciate it. merry christmas to you. up next, just seven days left in the year if you can pleev it. markets staging a major rally in 2014. have hedge funds been able to keep up? it's not too late to stock your bar for christmas. we get the top whiskeys this holiday season when "closing bell" comes right back.

we want to thank viewers who called in to help with some christmas trivia. our friend dennis gartman posed a trivia question as to who wrote the song? it was co-written by -- he co-wrote another holiday classic "the christmas song". just kind of how we feel right now. 2014 shaping up to be a great year for the markets.

much like last year some big hedge funds under performing. how does it look? >> you are right that not everyone can beat that impressive 13% year to date at this point. starting with any funds that were long russia there was a lot of pain to go around. the russian prosperity fund leading the pack down roughly 44% as of monday. that is an improvement from the day of the ruble's enormous drop last week. john paulson reverting to his advantage plus fund. deeply in the red again. this time about 22%. that is through the end of november. also down through that month fell about 10%. and that is the second year in a row this credit fund has had a bit of a struggle. a diverse blend including relative unknowns. the overseas fund that invests in energy and soft commodities

having a banning year where they are up 45%. bill acman's pershing square killing it with 35% upside on the allergon long. the tulip trend fund up 28% on good calls on futures and forwards. unfortunately rsh perhaps, not available to u.s. investments. >> i was going to guess it was dutch. thank you. >> as we shape up 2014 and start to look ahead, christmas, a courageous story of a wall street employee giving of herself to raise awareness for a rare disease and others are giving to help her. when we come back. your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals --

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the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business and get the fastest wifi with the most coverage. comcast business. built for business. welcome back. it seems right it should be told at christmas. it is about a young woman battling cancer. she is a fellow washington grad. the story brought to us by another alum. meg terrell has the story. >> just a month ago she thought she had just weeks to live. her synovial sarcoma had returned three years after she bet it the first time.

>> probably was one of the worst weeks of her life. >> reporter: she and her boyfriend didn't want to waste the time they had left. the couple pulled together a wedding in two days. they started a fundraising campaign to support research on liza's cancer. there is no play book for synovial sarcoma. because they are so rare it is often some of the last cancers for which new medicines are tested. >> normally speaking the funding for sarcoma is sometimes as rare as the tumor itself. the generosity that she has shown will really serve as an incredible start and continuation of some of the research that has been going on at hopkins in sarcoma and allow us to make more strides. >> reporter: liza thought they might raise a few thousand dollars. with help from a moving video made by her sisters and friends

donations have sky rocketed to $350,000 in less than a week. fundraising site go fund me said the love for liza campaign is among fastest growing ever. her condition improved enough to start treatment with chemotherapy. now she is taking it month by month and hopes to continue to raise funds and awareness for rare sarcomas like hers. >> i spoke with liza on the phone and she wanted to emphasize how much they are trying to raise funds for rare cancers like the one she has. sarcomas effect young people. one thing she told me is you think your little donation won't make a difference but if you look at the money raised clearly they do. people can donate directly to johns hopkins, as well. >> just bringing in the panel here. one of the things we learn in going back and forth is that some like to give straight to

johns hopkins because go fund me takes a cut and in some cases it is not always tax deductible. >> we have been talking about the internet and the cyber hacking, are they going to release this movie? here is a fantastic movie that the internet enables able to give money and spread the word about these very hard to treat and lesser known cancers. >> it is a really heart warming story. i agree, a wonderful application for social media. there is a lot of negative that comes along with it. this is an example of a positive. i have a friend suffering from colorectal cancer. often times you need private money in order to do initial rounds of testing for new drugs before the government will kick in. >> where do things stand with synovial sarcoma? we know bio tech and seen a lot of developments, a lot of real advancements.

what do you see on the horizon here? >> talking with dr. mayer who is liza's oncologist he tells us often sarcomas get to try exciting new therapies which harness the immune system later than larger conditions like melanoma for which two have been approved. they say for each patient treatment is really unique and emphasize it is important to go to sarcoma centers where they specialize in these kinds of cancers. it is exciting they are coming to the market faster. they are hoping this chemotherapy treatment works for liza perhaps she will be able to get to a trial for her sarcoma later next year. >> we are all pulling for her. love for liza and wyatt. bringing us the story, a big thank you to you as well as bill miller along with other alums and wall street known names pushing this cause, helping to raise all of that money. santa claus is coming to town and we are getting in the

holiday spirit. up next we get the top whiskeys to go along with your feast tonight.

well, what better way to get into the holiday spirit than with a nice bottle of scotch. here with his kilt and top picks for the season. welcome. >> i brought along -- my beautiful wife looks after whiskey. these are three single malts. the first is a taiwanese single malt whiskey. in taiwan this is a port finished whiskey. sweet, elegant, great whiskey to start with. the second is the 1992 vintage single malt scotch which is one of my favorite. the bottle less than 2% of what they made. and then finally the big bold

smoky. this is like perfect for the end of the meal once kids are tucked up in bed. this is what you want like liquid smoke. >> take your pick, gentlemen. >> i don't drink. when i was on jeopardy ten years ago potent potables was my worst category. >> you got all three of us here. i'm not a scotch drinker, either. >> how did you end up with a panel of non-drinkers? >> this is actually an intervention. we are going to take over. funny that we can't have a set here on the stock floor. we say money makes the world go round but whiskey makes it spend twice as fast. >> tell us about who is ordering this and how much it goes for. >> these are just the three i chose because this is what i'm going to drink with my family today and tomorrow. ranging anywhere from $90 a bottle. you can spend tens of thousands

a dollar a bottle. theardbeg will run about $60 a bottle. $55 to $60 a bottle. affordable luxuries. >> i guess it depends on your definition of affordable. how do you recommend serving? is it all the same? should it be different for each one? >> personal preference. for me i like to drink most neat. you can add water. it is really a chemical reaction. if you add water to whiskey it will bring up some floral notes to the surface. i make the analogy of walking through central park in fall. you can smell the leaves. that is the same thing as adding water to whisky. if you add ice it freezes the fatty oils. it is personal preference. don't get me wrong. if you want to add diet dr.

pepper please don't use these in front of us because i will come with you like a spider monkey. >> you have been warned. thank you for being here. as we wrap things up on christmas eve and give people an christmas eve and give people an idea of >> a high-tech control room. >> he is looking at everything that's going on here. >> railroad cars hauling urgent cargo. >> get it into a railcar as fast as we can. >> on a mission to create the world's most popular brew. >> we have a presence in over 80 countries. >> it's a cultural icon -- a bubbling legend. >> probably the most recognized beer label in the world. >> an ultimate beer from the ultimate factory -- budweiser.