sometimes people go oh nice restaurant. the dinner cost is lot more than the lunch cost. so hit the lunch meal. >> great budget advice. thank you. happy new year. >> same to you both. >> i'm not moving. >> every night going out to eat. thank you. see you tomorrow. >> okay. >> "closing bell" begins right now. welcome to "the closing bell." i'm kelly evans at the new york stock exchange. bill, where are you? >> guess. i'm at the wall! cnbc headquarters here where there's a lot of red today. a lot more than we saw the last couple of days but we have one day, one hour to go and the trading year. not that we are counting but we're following a rather weak market today and along with these stories. this might be the stock of the day. i will say closing bell staff is buzzing about this company for 24 hours. ever since we heard about civeo

yesterday. oil services provider cut in half today down more than 50%. and the implications of why this stock is tanking may be much bigger than just this company. right? >> that's for sure bill. you can read about the man camps that they have built. the big activist investors, the fact they have wanted to be a reit and didn't happen. perhaps a tax inversion candidate. that didn't happen. touches on themes of 2014. most notably, the drop in oil. coming up another twist in the sony hacking saga. now, serious doubt among many in the industry that it was, in fact, north korea behind the attack. some say it's a laid off sony employee. why was the fbi so fast to point the finger at north korea? who has it, right? >> i love it. this could make a good movie right here. would you share your car? not once in a while but every day. our andrew ross sorkin thinks

this is the future for america. andrew will be here to explain in a few minutes. i'm not big on it. are you? >> on the idea of car sharing, bill? i love it. i absolutely love it. >> so there -- >> i think it's a -- listen. for people with -- say you're an older citizen, a car driving firt an hour a week this is a way to generate significant income. i love it. >> an older citizen driving a car an hour a week. >> sits in the garage. >> who could you be talking about possibly? >> i'm going to stop here and tell everybody what's going on in the markets right now. as you can see, dow's off 52 points. s&p 500 and the nasdaq off about half a percent. apple, bill a reason why we're seeing pressure today. >> i heard you pulcari. let's get to the "closing bell" exchange with the guests for this december 30th. there's winny sun, we have adam

thurgood today, bill smead. dick burrage and kenny pulcari. what's the motivation right now? tax selling is over and traditionally the markets when we get to first trading days of january, you get a move one way or the other. what are you doing meantime here? >> talking to me? >> yeah you. >> so here's what i think you see happening. exactly. kind of a whole lot of nothing. the market's just churning. nobody's making any decisive moves in two days. people are starting to look forward to 2015. i think all conversations kind of point to 2015 being another good year. certainly some sectors will be under pressure as we have seen and talk about this oil story. going to be a big theme in 2015 as well as a lot of industries kind of being affected by it but for two days you see justice churning. 12% before divies and then we're

up almost 14% and you can't sneeze at this. >> bill, i'm so glad you're with us. i want to talk about millennials next year. you were last on the program making interesting points of their preferences for home ownership and generally speaking do you think this is a group that really exercised its influence on the economy next year and how should we be investing? >> you have had two big stoirls today. one is rent bubble. and the other one about people busting the budgets eating out. well, if you get married and you buy a house, the rent bubble goes away and if you get married and buy a house and have a child, you stay at home and eat at home. so those two symptoms that have been described so well by your reports today tell us where we're going in the next two or three years. and that is the millennials will get married, they will have children. they will want a house and andrew will have a hard time convincing them when they're xhutding 30 minutes each way at

$2.20 to share a car. i think he should have brought it up three or four years ago. >> i was going to say the thing. dick you know we have had pretty good numbers here on the economy lately and the stock market liked by you think of a new number and the stock market might be spooked by that. why? >> well i think it's ultimately i think you are going to see stronger numbers for the economy and i think the conversations that have picked up steam since the employment data was released earlier this month more of those conversations will take place. just talking about the possibility of the fed moving up its timetable and interest rates moving higher will cause a lot more volatility in the stock market. i'm constructive very constructive regarding the economy. i think the stock market in the u.s. probably ends up higher when we get to the end of the year but we are going to have to

put up with a lot more volatility and with the u.s. market trading at a premium valuation today based on trailing earnings i'm not sure we'll end up getting the best returns from u.s. stocks versus the rest of the developed world. >> okay. adam, what about you and what bill had to say? would you bet on the sort of restaurant delivery services and the renting investments here or do you think he's right that we could see a sea change next year? >> i'm not sure about the millennial situation. i have a hard time believing you'll see a change in behavior that quickly but to the prior guest's point, i think that the macroeconomic backdrop is firmly supportive of higher pes. the u.s. pe multiples tend to be strongly positively core lated to the u.s. dollar and negatively to inflation and not sure you're not going to see a pickup in pes next year. and when you look at expected earnings, we're looking at about 11% growth and the only way that

you get a pe expansion in a period with earnings growth is if the market goes up at a faster pace than you see earnings grow. if we see earnings materialize, and get some pe expansion, we could be in for a stellar year in 2015. >> we certainly could but a strong dollar and low inflation, if that's the catalyst for expansion, we should have seen it in 2009. >> well there are definitely times when it doesn't hold perfectly but over the past four or five years we have seen the dollar improve and pes go up and inflation over the longer period has been a strongly negatively core lated factor toward pe ratios. i'm in the camp that i believe that multiples can expand and a positive for the market in the year to come. >> winny, it is envogue this week and last to expect europe to outperform the u.s. i mean you know i guess they're down so far that the only direction to go is up at

this point with european markets. but really make the case. why do you think that europe is a better place to put your money right now? >> well bill i think the thing that we need to emphasize, whether you be a millennial or retiree, the new year's resolution should be to invest. europe is actually a great sector to have. you should have international diversification. we are in a global economy. also, we have had some pretty depressed levels last six, nine months. if you are looking for value, opportunity, i really like the story of investing in europe. >> bill how are you guys playing the trends you are talking about? >> well yeah. the main street is much more likely to outperform wall street in 2015. and i think jamie dimon said i think the economy will blow

people's doors off and, you know what if we start growing at 4% and 5% regularly for 2 or 3 years and what if millennials do begin to demand money? what if banks see velocity of money go up? berkshire hathaways and the automobile commercials and their local newspapers and you get the multiplier effect this economy, that's operated with people hiding underneath their bed. they're all coming out at the same time and we want to get in the way with that with twaencompanies of domestic revenue and no offense to my friends but just because europe's cheap doesn't mean it's dynamic and i've been there three or four times in the last year year and a half and i don't see the energy. >> what happened to the baby

boomers? do we not matter anymore? there's a lot of millennials but the baby boomers have a tremendous amount of buying capacity right now, william. >> bill it is fantastic. you got the two largest -- i'm a baby boomer. the two largest population groups are going to be getting after it at the same time. we're healthier, happier and have more money to spend than any group of 55 to 70-year-olds in history. so it should be a very strong economy. >> why are we talking about millennials that want to rent and borrow cars? i mean, that doesn't help the economy much. >> because we're coming off of jeff who lives at home the 5-year engagement and bad seth rogan comedies of useless 27-year-old males. >> bill -- >> jump in any time kelly. >> bill, i would say -- >> i want to hear from everybody else on this. who agrees with bill to see a change next year and i'm impressed you are so convinced.

kenny? >> i think he is right and it's a strong economy next year but on the european side you make the comment about why just because europe is underperformed and strong next year. in 2009, when we were at the depths of despair and our economy nowhere, we started ignited. the biggest rally that we have known in the last five years. in march of 2009. nothing but straight up and our economy nowhere near in the condition it was today. yet, the market was suggesting that things were going to improve some point. in fact it has. why can't europe? i see and i think the conversation yesterday europe was in the same position now. they're on the cusp on the verge of exploding and getting out. if draghi comes out in january and he starts to stimulate, the same way the fed did in 2009 then i think europe's a great place to be. >> i agree. i completely agree with that. especially european exporters focused on u.s. businesses and consumers.

the qe program that will be put in place will put downward pressure on the euro and make the companies more attractively positioned. >> and the time horizon. >> quick last word. >> yeah. the most important thing is time horizon, long there's no reason to be scared of europe. >> that's right. >> there you go. all right. i guess we're asking you to stick around. we'll bring our panel back here and talk about where to invest in 2015. >> i love it. we have about 50 minutes into the close here bill. markets still seeing red across the board. the dow off 41. 8 on the s&p. 23 on the nasdaq. this on a day when oil finally held in there. and still to come i cannot wait for this conversation. won't be the type of cars to revolutionize the industry. our andrew ross sorkin says it's how we use those cars. >> never next 25 years, car sharing will reform transportation and the larger economy.

>> just ahead and let us know. by the way, let us know if you think car sharing the s the future. good. i'm glad this is the question today. click on cnbc.com/vote. take part in our live poll and we will kick that around coming up here. also ahead, getting ahead of the curve and making money. top five consumer trends of 2015. a pro tells us what he's watching.

welcome back. circle up is investing platform. got that? like a kickstarter. but a focus on consumer products and retail companies. >> and now for 2015 irks circle up is highlighting key five consumer trends. here they are. the trends that they see next year personalization, organic and healthy food technology, especially in devices enhancing the shopping experience making it easy with quick and simple meals and ethnic foods, interestingly enough. >> and that one i find quite interesting, bill. those aisles are already expanding. ceo ryan calbeck joining us. start with the last one. chipotle is one you raise to play the ethnic food investing trend and obviously there's been a huge run-up there. what options are there for investors? >> thank you very much for having me. >> you're welcome.

>> circle up is focused on private companies here and identify trends relevant for private and public investors. in the case of ethnic it's had some tremendous growth but there's still a long way to run. one in every seven dollars in the u.s. in grocery spent on ethnic. chipotle benefited from that. private markets, cosofresh. it's in new york and also doing very well. a company to invest on in circleup and similar to chipotle in terms of demographic to go after with tremendous unit economics. >> i mean we are seeing a shift in the demographics of the u.s. population anyway. we have seenl it in the census records and makes sense. the other area in food is the simple meals. i mean you know people who don't want to cook as much anymore. how does that play out and invest in that? >> that's make it easy. that's a phrase we use.

make it easy is the result of this longer term trend where consumers are just overworked. they're tired, running from job to soccer practice. they don't have the same amount of time they did 20 years ago or even 5 years ago and what we have seen in the data is reaching the tipping point now. that tipping point is causing consumers to demand an offering that gives them the value proposition they need in a much easier way so an example of a company that really took advantage of that is plum. baby food company. tyke organic baby food in a pouch. $100 million later, sold to campbell's and the consumers that eat plum and the babies that do the parents that give plum to the babies are incredibly thrilled with the product. it's a product that again, took advantage of this trend while the larger companies were moving too slowly to do that. >> ryan give us a couple of other up and comers to watch, if you will. and could you respond to the issue of bill in the last

segment to be at an inflection point of millennials starting to form family units and puts the thesis at risk? >> sure. so you know i do think that we're at an inflection point with millennials but, in fact that goes to the first trend that we mentioned here. the personalization ooftf the consumer. consumers today want a personalized offering than ten, 20 years ago. my wife doesn't use the same makeup he mother uses. we don't use the same dog food that our parents used and the result of that is that these consumers need an offering to address their unique needs. might be gluten free et cetera. the data a number of different ways, one example is looking at the last five years, top 50 food categories in the u.s. 80% of those food categories large brands are declining and small brands are growing. it's because a larger company

struggling to innovate to meet the personalized needs of the millennials and others. >> plum was sold to who? campbell's? >> sold to campbell's exactly. >> they have to buy innovation rather than coming up with their own? >> that's one example, yeah. we see another way to say that is if you look at the m & a markets in consumer and retail is twice the size of the m & a market in technology. a lot of large retail companies don't start brands. they buy brands. or they invest in brands. that's a benefit for the private market investors. >> fascinating stuff. >> thank you. good to see you this afternoon. >> happy new yore. >> thank you. you, too. it is all about the millennials. >> it is. sorry, bill. >> millennials versus boomers day. >> proportionally smaller but i think it's the 24-year-olds in this country the single biggest gauge group in terms of numbers. >> a big boom in 1990. let's show you how we're doing heading towards the close.

40 minutes left in the trading session. the dow down 41. s&p down 8. and the nasdaq down 25 points. and up next uber for everyone. andrew ross sorkin explains why he think car sharing the future for america. take part in the live poll and asking if you think car sharing is the future. go to cnbc.com/vote. we are back in two. l your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving

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welcome back. the do is still negative. the s&p 500, meanwhile, giving up a few points. again, we should mention it's rare to see the markets have a losing streak this year. it's rare to see a three-day one. i don't think we've had a four-day one and seeing red here it's looking like the year goes out without one and cnbc gets ready to wrap up the 25th point, some of us are making predictions for next 25 years and here's "squawk box's" andrew ross sorkin prediction act the auto industry. >> car sharing will transform not only transportation but the

larger economy. every car is only used one hour a day. what happens if that car is shared with many different people? what does it do to the cars produced? car insurance. we are seeing zipcar. uber. lift. we are all using apps to share our own car. >> my dear friend andrew is here with more along with lauren fix and writes about the car industry. before we get started, what do you folks think about this as well? that's the question of the hour. is car sharing the way of the future? log on to cnbc.com/vote. you can vote right now while you're listening to us talk about this. thank you all for joining us. andrew, when we did the predictions, the producer said you know andrew loves uber. what do you think? i know you use it a lot. you're in new york city. you use it a lot. but why do you think that a service like that just transforms the automotive industry many. >> there's a couple of trends to think about. the first trend is the major

move across this entire country from the country, if you will to the city which is to say major metropolitan areas where at least 80% of the population going directionally. i don't believe and let me stipulate from the outset that in rural markets the ubers of the world or car sharing rather are going to be the next great thing. in major metropolitan markets, no question that when you think of the benefits of not needing a parking spot not paying for gas, you can go down the list it becomes quite clear and i've had this experience now personally where i use it. but then you need to you know fast forward five years, ten years where we actually maybe do finally get to a google hopes will be driverless cars and the entire dynamic will change. and the economics will change. and so to me this is a steady march of technology that cannot be stopped, in fact. >> there's one thing, lauren to

focus in on is the car sharing itself. you know it is one thing to give up owning a car and rent one a lot from the professional driver basically. and another driving for each other. how would the insurance industry have to respond basically just going to decide that you're car sharing? >> well first off, i think that if you're living in new york city you're kind of living in a bubble because they thought the same thing with the ride share of the city bikes and i live part time in new york city and i use uber and taxi cabs and looking on the app and raining outside or rush hour and i was just there in the holiday week and i will tell you it's times 1.3 times 1.5, times 2 and very expensive to use uber. besides that i think living in new york city is great for the people that live there. it's a great option. but it's not going to affect the auto industry. look at the total sales. we are growinging 16.6 million light truck and car sales for this year for 2014.

2015 projections of 17 million. they're not building these cars with the thoughts that everyone's going to ride share. and to be honest i have zero interest in sharing my ride with anyone. >> the idea is not that car sales are going to go to zero. the idea is -- >> they never will. >> if you're a two-car family it is very possible that you decide that -- and you live in the suburbs of a major city and decide, you know what? i will be a one-car family instead of driving to the train station, having that train car, if you will, that i'm going to uber every morning and have a car pool. >> will we be hopping rides with each other? >> that's car pooling. >> person to person car sharing? >> car pooling is the word. i'm less convinced of a lot of that. uber trying to do that and lift and others and i'm not sure that's the wave of the future but i'm convinced with a closer to driverless car and if not

driverless car completely that there's no question that people will be hopping in cars. it becomes more complicated when you yourself are the driver. >> let's point out the viewers. rarely do we have this much of a divergence. >> i'm losing here. >> look at that. that's pretty strong with 83% saying they don't see ride sharing in the future. >> they don't see -- >> i agree. >> my argument when we were doing the predictions was, this was specifically on uber you know, we near a honeymoon period. it's novelty. we know what happens when novelties wear off. there needs to be a business model to compete effectively with other services to come into the fray at the same time and by the way it's not lost on the carmakers. bmw is starting a service like this, as well. i was reading the other day. you know ride sharing will be here as a niche market but not a transformative technology or service. >> if you think it is

transformative in major metropolitan areas and believe that americans are moving to major metropolitan areas and it is hard to fight the numbers. >> i wonder if the economics are moving in the other direction and talking about household formation and also the low price of gas and maybe now witness a new resurgence of people leaving urban areas for the suburbs. >> probably more likely looking at where people are living. look at most of the cities in america, people want to spread out. they want to raise them in the suburbs like they did. look at the sales of crossover vehicles -- >> unfortunately, i don't have the number in front of me but that's a falsehood to suggest that directionally from a trend line the numbers are clear and factual. >> i don't know, andrew. >> moving to major cities. not debatable. >> we determined when the millennials start families they leave the city. >> uh-huh. i bet -- >> exactly. >> starting to happen in the

other direction. andrew i'm going to numbers after the segment. >> we'll do that and we can re-do this entire election on twitter. and see how -- >> keep in mind that a lot of ride share cars and i can't tell you how many zip cars i have rented and uber and taxi safety things. i'm not riding in an unsafe car. mine is safe and take care of it. keep in mind a lot of veeblgs, take a look at the dash. all the lights are on. abs lights, cracked windshield. >> just for the record, we closed the polls. 82% saying no to car sharing in the future there. >> so many people without vision. so many people. >> there you are. we have to listen to you, andrew. >> thank you andrew. >> thank you. >> happy new year everybody. >> thanks lauren. heading to the close here 30 minutes left in the trading session. minus signs for the major averages. dow down 42. nasdaq down 26 points.

dominic chu rounds up the movers next and civeo is among them. deon the disaster and the pros tell us which companies could take the next hit due to the oil price collapse coming up.

welcome back. as promised dominic chu is tracking movers for us. >> kelly, let's start with the big gainer. america realty after a stake in the company disclosed and the chief let the icahn enterprises before shop starting a shop and said it's undervalued and with the gains the stock down about 25% over 3 months amongst management turmoil and accounting issues. also on the rise in today's trade, the gold mining stocks following the move higher today. newmont mining leading. keep in mind these stocks are still trading at a fraction of the 2011 highs. and finally, a big loser on the day. oil services and housing company civeo down 52% today and 85% since the june high. they build the so-called

villages or camps to house oil field workers and demand is drying up as oil prices dropped. among the firm's biggest investors are hedge funds. bill kelly, back over the you guys. >> thank you. civeo taking that massive hit today, damage from the oil price collapse that we have experienced but many believe it won't be the last to take it on the chin if oil continues the move lower. right? >> more on this developing issue now with russell gold and analyst john kilduff. russell, this is an area many people not aware of quote/unquote man camps for civeo. how much is an issue the drop in oil for them versus corporate factor and what do you expect? >> you nailed it right on the head. these are man camps. this is where the workers live out in the middle of western north dakota or south texas drilling oil and gas wells.

clearly, less demand of oil right now. the prices have gone down and corporate companies are essentially saying we're going to drill where we know we can make money. we are not drilling every well we could which is what their doing a year ago so there's less demand for workers and services. and, yes, absolutely. you're -- this is not the last of the layoffs to see in the oil field service sector. >> i don't feel bad for them. it's a gold rush for a few years. they knew there was risk. they rolled the dice. and not everybody's going to win this this case. for you, as the price has continued to move lower net-net is it more of a positive for the economy or negative? >> it's deexcite the job losses that are horrible and one thing about them bill roughnecks or what have you, people that support the man camps, they're good-paying jobs for the most part and several hundred thousand involved in the total mix but they're high paying jobs and why they're so damaging but,

you know clearly this is a -- remains beneficial for the u.s. economy, the european economy, for all the end user consumer economies in the world because 80% of the crude barrel goes to transportation. >> russell, i guess my question too, this was a spin-off that started trading back in june and one that was at the time thinking it would be a real estate investment trust and tax advantages that way and then move to canada for an inversion or something to still save money as anticipated when it spun off in the first place. so again, is this something where the drop in oil was the final nail in the coffin in a series of poor management decisions, or is this something where you can see other dominos falling that investors need to watch closely here? >> i think in this case there's specific corporate issues going on. they're fairly late to the game in this logistics and housing market. there's well-established players

like target logistics operating for several years, so in a sense they were trying to come in late in the game at the end of the boom. not the right time to be making investments and first companies to start taking it on the chin when oil prices go from $107 this summer to $54 right now. >> and where does it go right now, john? we have heard some pipelines have been brought down. in that region of the united states. do you see more supply coming offline and what does that do to the price down the road? >> we are seeing a slight decline and not material. i don't think you'll see real impact on production until mid to late next year and, in fact there's another big pipeline reordering going on to hit the market and bring another 2k000,000 barrels a day. this is a hit to venezuela and this is not sorted out. we have only scratched the surface to the reaction to the low prices. >> i find this interesting

because people have said even as the oil price has fallen and they still want to bet on the picks and shovels around the oil space and producing a lot of it and they may have thought civeo is an obvious kapd date for that. i'm kanderring if you talk about whether it's mlps, pipelines, the parts of the distribution network that nay be vulnerable that people weren't anticipating thinking we would be pumping lots of barrels. >> well i think that everybody's going to get squeezed. you know, i know there's an argument of the oil to flow through the mlp and the pipeline. they won't get the same toll or $50 oil as they did for $100 oil. it won't happen. as you're seeing from russell's reporting, you know, obviously, there's a heck of a lot less need for rooms and other things and people have to be on the move again for new jobs elsewhere. it's a total ripple effect. i don't think we're anywhere near the bottom and i urge folks

to hold off on bottom fishing here. >> thank you both. >> well put. thank you both. happy new year. and we're heading to the close. it has been a moderately small selloff today. the dow down about 40 points. down 8 on the s&p. nasdaq is down 24. wonder what arthur cashin would say about that? >> we'll find out. and this year as a big one for spinoffs and the tech space. next live to silicon valley with a special report on which tech giants to see spinoff action in 2015. stay tuned for that.

this year spinoffs could be just the tip of the iceberg. >> josh lipton has a look at prime candidates for spinoffs in 2015. josh? >> well bill you know breaking up is hard to do but it's not too hard apparently for many tech companies. hewlett-packard, ebay announcing big splits. ibm $1.5 billion just for the chip arm to offload and which

will split or spin off businesses in 2015? patrick moorhead says oracle could sell the hardware business growing slightly in the last reported quarter. moorhead says dell could be interested in that business. another potential spinoff in 2015 generating buzz amazon web services. now, amazon doesn't break down the performance of its cloud servers but losses in that business are mounting and competition with google is rising. moorhead calls the cloud service a distraction. >> it would be somewhat of an easy one to break off aenl it's a services play which i think that the market would be really excited about as a standloan entity. analysts expect a wave of tech splits and spinoffs next year as companies try to get leaner and

meaner and boost shareholder value. back to you. >> let's hope it fares better than oil services one we were just talking about. thank you, josh. great stuff. a lot of people predicting this for 2015. bill, this will be a huge story to watch. 15 minutes to go. the market trying to make a comeback. still down 40 on the dow. 8 on the s&p. 25 on the nasdaq. >> more on the markets and then later stock picks from a top wall street pro. he gives you the names he's buying right now to make money in 2015. don't touch the remote.

have you heard of the new dialing procedure for for the 415 and 628 area codes? no what is it? starting february 21, 2015 if you have a 415 or 628 number you'll need to dial... 1 plus the area code plus the phone number for all calls. okay, but what if i have a 415 number, and i'm calling a 415 number? you'll still need to dial... 1 plus the area code plus the phone number. so when in doubt, dial it out!

that's not snow. that's salt. >> that's something you see every day? >> morton salt plant wall collapsed. wow. look at this now. >> unbelievable. we were just hearing about this. seeing it first time just as you folks are. that's an acura car dealership. i mean talk about being in the wrong place at the wrong time. nobody's hurt thankfully but those cars that they were trying to get off the lot in a clearance sale for the end of the year they're going to be there a while. >> wow.

if only they could distribute it across the chicago roads and amazed that that loose salt kept in the plant like that. as you mentioned, hoping that nobody's injured. unbelievable pictures to show you. >> crazy. all right. been looking forward to this all day. joining us art cashin who this morning helped ring the opening bell to celebrate his 50th anniversary as a member of the new york stock exchange. 1964, he was 23 years old. and look at now. 50 years later. and he's still 23 years old. congratulations, my friend. >> i thank you. i was just thinking about that thing in chicago make a rather massive mag rita. >> always marinating the ice. >> right. >> was the plan to stay 50 years when you became a member back in those days?

>> no. i was going to stay just a brief while until i got everything about right and now i'm here 50 years and you know why. >> art, i loved hearing this morning and i'm just so impressed you began working down here to support your family. i wonder today when young people are, you know looking for their jobs, employment whatever you will is the new york stock exchange still an attractive place to begin a career? >> yes, it is. you know the business is fascinating business. it's like getting up each morning with a brand new rubik's cube. you see what's happening around the world and discern what's causing that? what's that mean to the next issue? it's a fascinating piece of the detective work and it can be rather lukecrative at times. >> i couldn't agree more. you signaled kelly or me what the buying or selling is on the closing. explain what that is to folks that don't know. where does that information come

from? >> well beginning at around 2:00 people start to put in orders for the close. and if you can monitor them you can see it building up. right now today as we speak we're slightly to the sell side. about $350 million to sell on balance for the close. that's why you saw earlier they were trying to cut the losses and come back to unchanged. well it was an uphill fight because there is that possibility of market on close sellers so that's held up the resistance. day after day, traders try and discern what's going to be happening on the close to see if people buy in anticipation of buyers or if they sell in anticipation if they believe there are sellers. >> given, art, we are at the close of the year are you getting any indication of 2015? >> no. i'm hoping that the seasonals work with us. you know a lot of people think seasonals don't count but when you do this 50 years you realize

that they do. 2015 is the seventh year in a presidential cycle. that has a bias to the upside that's pretty strong. and reaching way, way down into the basket 2015 ends in the numeral 5. years that end in the numeral 5 going back to 1885 have only been down once. >> wow. >> that gives an inkling that we should have a good year. at least seasonals are working. >> i said it this morning on twitter. no finer gentleman. i wish i was there to shake your hand. i'll see you next week. we wish you well. happy anniversary, once again. >> i'm honored and thank you for your comments. >> it's a joy every day. after the bell kelly, did the fbi and white house get it wrong declaring north korea behind the sony hack? one cyber security company now

says it was somebody else. we'll tri to get to the bottom of who is right. you're watching n cbs, first in business worldwide. hi. pete and jon najarian here in new york city outside of the nasdaq, where we bring you live daily market updates. and today, we have a very special free gift for you. so many viewers e-mail us wanting to know our secrets on how we trade options. so we put our secrets into a new book. and if you're one of the first 250 people to call in right now and just cover shipping and handling we'll send you a copy for free. look at the rate of return we've made on some of our recent options trades versus what we would have made had we just bought the stock. there's no comparison. to make the best returns in today's market, you have to learn how to trade options. and our book will show you how to do it for free. jon has been trading options for more than 30 years.

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two and a half minutes left. a quiet day on the street. quick look. the dow on this day, moving lower again as it did yesterday late so we're coming out of that record territory. back below 18,000 now at 17,992.

oil moved lower early on and moving higher here at the -- in the electronic session up 3 cents. hovering around that five-year low. and gold saw a little pop today, maybe some short covering. some thought. maybe some response to moscow with the red square protest. whatever it was, gold up 1.4% in the trade. joining me bob pisani and josh dietz. josh, infrastructure is a big play of yourlin your fund. where do you see opportunities in the new year? >> i think europe and china. opportunities in europe is we believe that the ecb will begin qe in january and we saw the blueprint would happen in the united states when qe started and also in china, china's opportunity continues to slow down and we believe the industries are the ones that government's going to focus on stimulating such as rail and

water and those are the opportunities we see. with low oil prices, roads and airports are great places to be and infrastructure, as well. >> you think european stocks outperform u.s. stocks? that was a prediction of mine for 2015. >> without a doubt. if you look at the valuation and really qe will happen and like i said the blueprint of what happened here. i think it happens there, as well. >> i have seen earnings revisions for european companies years now and i think 2015 it might bottom. i don't think the economy of europe is roaring. >> i agree. >> i think the earnings bottom out. >> is it -- does europe outperform because of the qe jolt much like we saw the last few years or earnings josh? >> i think basically qe. i would have to agree with bob. >> bill utilities down 2%. we have had a huge run-up. it's giving back today. >> happy new year. we enjoy you on the show. bob, you too. heading toward the close.

see you tonight on pbs but right now as we head toward the ringing of the bell on december 30th, here's the second hour of "closing bell" now. i'll see you tomorrow. thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans. here's the second to last trading day of the year. dow jones industrial average giving up 55 below 18,000. we're back below that level now. 17,983. s&p 500 lower by half a percent and the nasdaq the weakest performer of the day although in fact strongest performer of the year and more on that in a bit. let's bring in the panel. joining me is david seeberg, andrew sultman in the house and courtney reagan. welcome, one and all. for more on the market action we have trader tim seymour joining us shortly, as well.

david, you get the first waerd. what a year. >> what a year. incredible year. bio tech. across the board. seemed to be performing well. we are setting up for an interesting 2015. >> how so? >> huge opportunities in energy. energy is a massive trade. and i think you get a big opportunity in the sector that's done really well for past six years, bio technology. >> start with energy. do we have tim seymour with us? >> yes. i'm sure. >> i thought i heard you. energy here yea or nay? >> reasonable yea. i'm not buying it tomorrow. i think oil prices probably a low 50 handle. i think probably somewhere towards the end of the first quarter but looking at integrateds, 20-year lows price to book drillers a very interesting place. look at rig count numbers. dallas fed manufacturing numbers. energy sector has not taken the

hit it needs. i wouldn't be buying but i do think you get a great opportunity. we talked about fading the great moves on the names and exxon trading above the thanksgiving level was a sell. it gets to be a buy again and not tomorrow. >> you know why not, for example, if you wanted to play this story, david, why not play the retail space or health care or somebody else that might benefit? >> first of all, i agree with you with benefiting from the low oil prices i think it's in the stocks. i think you saw a massive derisking. >> look at civeo? one name but clearly -- look. when it went public and spun off this summer in the 20s. >> right. >> it is a $3 stock today. >> no question. i mean i'm absolutely set up from a long side and i think stocks do really well in the first quarter. things are priced in. people derf-risked. managers sold positions out and looking at the same positions they sold four or five six weeks ago so i think we are

setting up for a real interesting first quarter. >> andrew? >> i don't know. it looks like the good news is baked into the price and so many geoplitd call risks out there from japan and china, greece and afraid if we get any additional bad news on the foreign side or if we get earnings slowing down here in the united states, we will see a rul pulleal pullback. >> i think you have an issue with the smaller names. a lot of smaller, you know really highly leveraged names, no question. high quality names, buy them across the board. >> if you go through the list of retail, it is so hard to have looked at retail and picked the winnerless from the losers. foot locker up 36%. finish line, down 14%. people think they're fundamentally the same so you have to understand the knewnuances of retail. if i suggest someone the look

into retail stocks do your homework. you have to be very careful. >> high-end retail. >> i love the small cap play right now. a pure domestic play posed to large cap stocks so much of the revenues and earnings of overseas, pure domestic play i like the small caps. they're up about 4.8% this year. they have a 21 times trailing pe which is a little bit scary. >> how active are you in the market? >> relatively. i'm fully invested and i like 2015. >> i think of you as a lawyer an not the day trader. maybe i'm wrong about this. >> i like the long positions. holding them and buy and hold and be rich when you're old. i like the market and a little bit scary and i don't know if that's built into the price. >> i love the small caps as well. domestic perspective, that's wrong. we heard the point that the european stocks will do really well next year. europe could be a big opportunity. >> could. >> people making bets on that. >> i look and say small caps did really well being down 9% up 5%

on the year. tremendous run late stage in the year and i think they continue to move forward. >> tim seymour, what do you think here? >> well from a trading perspective, iwm seen a lot of shorts thrown out there in a couple of days. data i'm getting says it's one of the most shorted stocks and people got crushed shorting into the hole in october. >> talk about -- hold that thought. to talk about pretty good runs with a trading day left in 2014 talk about the nasdaq as well here. now 5% away from its record high granted that was nearly 15 years ago. dominic chu joinls us with the nameless driving it higher and prospects of 2015. >> the reason i'm laughing is i heard david say buy and hold and you'll be rich when you're old and applies maybe some of the time. >> i think that was andrew. >> maybe andrew. if it was, i apologize, andrew.

it's a great saying. especially because of this. because here's what we'll show you. the large cap nasdaq stock that is have had some pretty good runs since the market peaked in the internet bubble in 2000 march 10th of 2000 look at some of the winners here because large cap stocks did fairly well if you bought in and held them. amazon.com, it's done very well. not as well as the peers and amazon.com up 370% since march of 2000. and then look at starbucks. another stock that we talk about quite often. had an amazing run. 800% gain since march of 2000 and above and beyond the bubble valuations were and then here's another one. apple up 2,500% over the course of the past 14 or 15 years and invest $1,000 then it's $25,000 now. of course, apple, biggest company in the world. publicly traded. now, take a look at the losers because not all of these stocks if you bought and held would

have earned you some beaten market beaten returns here. cisco, still 58% below where it was in the bubble peak so it's still got a long way to go back to the value that it was back in march of 2000. also micron technology, 33% where it was in the big run back in the, you know bull run in the internet bubble here. microsoft sharyls interestingly enough here it pays a hefty dividend just about flat. still down 6% but it's close to recovering that bubble peak. remember, it was oracle shares that finally broke through that level just in the past couple of weeks but still some large cap names not participated kelly, part of this big run since the market peaks in the internet bubble of march of 2000. >> talking about general motors dom, new gm and old gm and the question is how relevant to compare the two. how many by the way want to know, everybody, when you think the nasdaq will hit the 5,000 mark. go to cnbc.com/vote and let us

know. first half of 2015 second half or not at all? let's see what the panel thinks. david? >> i think the first half. see it in the first half. people will get comfortable with the fed with ratds. they're gong to get the arms around it and take the market generally higher. >> kelly, i think the first half of 2015 but dominic's piece reiterates how far, how long markets can go and stay down for and today's different than 2000. i think the pe back in 2000 about 100 on most of these companies and now 20 and different situation and blow through it for the first half of the year. >> court? >> i don't know. i'm conservative. it's taken a long time to get this far. so maybe by year end. >> tim seymour? >> 6% move to get there and if central bank policy as accommodative as it will be and prices at $40 or $50, very good

environment. old tech you showed dom, that's closing the gap and i think those are the names people looking for. nice dip yield and valuations that are reasonable. >> dom, what are people saying that you talk to about this? we know how strong seasonally the last couple of months of the year have been. >> we have been speaking about the importance of technology. third best performing sector in the s&p 500 with 20 plus percent gain so far year to date. the reason why it's also important and hammer it home a lot, largest sector in the s&p and one sector to power the s&p or even the market overall to new highs, it is technology. and to tim seymour's point, a lot of strategies that we talk to like this large cap technology in the new year. doesn't have to be the small and mid cap companies. intels microsofts ciscos may be poised for outperformance and ibm, a biggest tech giant of them all is a huge laggard.

whether or not it turns around could add fire to the dow side of the equation as well. >> i wonder how much the 5,000 level matters. granted a nominal term back then and a totally different time and you have to take into account what that price would be equivalent to today. 6,000 plus? not that anyone's necessarily watching that level. >> no. of course. that's a great point. adjusting for those kind of price levels, this's what you're talking about. more importantly for a lot of investor investors, what it would mean is an idea to get back to certain levels without some of these shocks and the crazy valuations. remember, and to andrew's point, s&p 500 back then trading at 27 30 times earnings. trailing earnings. >> david, tepper said enjoy the ride. i think it's a hop on while the

cart is moving. could it make it end poorly? >> i don't think we're there yet. we have a conversation of private equity and companies rolling out. just yesterday, we heard about shake shack. right? they're talking about brilling it out 12 times trailing earnings. when chipotle came out, it was roughly two times trailing earnings. you look and say is private equity seeing something we are not from a growth perspective? >> or can they roll out six times of chipotle because markets are accommodative or frothier? >> absolutely. no. i think it's interesting as far as the themes that we are seeing in the marketplace. and look. i think the private equity look is an interesting look looking at from a growth standpoint. >> andrew do you eat at shake shack? >> i don't know, kelly. but what skaerts me is bombs globally, a hard landing in china, japan can't dig -- >> there's always a thousand ifs. >> i don't know if investors

fully appreciate them right now. >> probably not. how can you fully appreciate all of them? >> diversify and hope you have your cards on some of the bet that is explode. >> last word tim? >> volatility i think the people thing that people deal with at a reality of 2015. dollar is going higher. fed sidelined until june you have room to run in the first half. >> closing the poll and 40% of people say the nasdaq is going higher and hit that 5,000 mark in the first half of 2015. 35% say it won't hit it at all. thank you, tim, and everybody. thank you, dom. catch tim seymour here at 5:00 talking about which 2014 losers could be big win efforts next year. each trader will give his zero to hero trade. don't miss it. up next here one trading session left in 2014. which stocks will be hot next year? michael farr with the top four picks for 2015 making big bets

on everything from oil, david, to a big bank and there's one search engine betting on too. find out which. also the leak that revealed the ugly side of hollywood. fbi and white house quick to blame north korea for the cyber attack to protest the movie "the interview" but were they too quick? a leading cyber security firm thinks it was a disgruntled employee. that story just ahead. in my world, wall isn't a street... return on investment isn't the only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as fifty dollars.

welcome back. our next guest has come armed with the top stock picks for 2015. three you probably know and one you might not. michael farr president and ceo of farr miller and washington in the house. >> in the house. >> merry christmas and happy new year and all of that. where should we be placing our bets? >> stock market but place them carefully in the stock market. the stock market remember is just making new highs. we made what 51 new highs this year, 52 something like that. buy low, sell high. i think if you start with a company of jpmorgan ten times earnings 1.3 times book. 2.5% dividend. earnings aren't great growers. right? but these are regulated industries. priced in.

they have some challenges. >> will they do okay if the 10-year and long end of the interest rate doesn't move higher? >> yeah i think they're doing fine now and in that eventual time if interest rates go up again, banks are poised to do well and profit. >> who else do you like? >> i like chevron. you know when we saw the oil stocks go up 45% in the second quarter of 2008 to 147 1/2 or whatever that was, that was the time to think of selling them. oil down 45%, 50%. might not be the bottom but i think this is where value guys start to think about them. chevron with a 3.8% dividend. >> you sound like david. >> a smart guy, kelly. >> god bless you and keep you. wonderful how smart you are when you agree with the other guy. >> i know. >> exactly. i like google continue to like google. hard to find a balance sheet with double digit earnings growth. we are looking at 16%, 17%

earnings growth for 4, 5, 6 years from google. >> they've not performed well lately. >> we had lawsuits in asia and they have come under some pressure but i think they continue to evolve their model. they're not just an ad and paper clip company anymore. >> do they need asia to work in 2015? >> i think at some point everybody needs asia but not 2015 to work. >> they can grow the advertising pie next year? do they have to take market share of other people? >> we have phone and android and the other areas where google is soundly making lots of money. right? and, yes. they're settled down in asia where i think expectations are well in line. >> last pick is one, a name that may not be as familiar to view earls. >> i love this company. patterson dental. look at the dental market and said they're all going to the pharmacy and buying gauze and syringers. we can buy a warehouse and deliver it to them. make a great profit and then

when they figured out that dentists paid on time they said veterinarians did the same thing. 1.7% dividend and people are getting older and what we found in the recession, the great recession, they sold to veterinarians and dentists. people would stop and hold off on their own dental work. they'd take the pets to the vets every time. >> oh no. >> pets to the vet. oh! you don't cut back on fido. >> they're counter cyclical? there's some sort of a scale. >> got to have the nails clipped. >> i would love to poke holes in the stock picks but i agree with all of them. i don't know patterson but google i love. a great stock. people underestimate what google's looking to develop and massive investments overseas. look at brazil investments in building out in south south africa africa.

the fiber optic cable lines they're laying down. they're very very forward looking company and i think right now buy it relatively cheap and then look forward. >> michael, i guess my question is, with respect to the banks, jp more began, have they got through the regulatory mess yet or will we see huge fines going forward? isn't that a minimum uncertainty that we see with respect to those stocks a big drag on performance in '15? >> last word michael. >> you can buy them at ten times tangle book and my full list on cnbc.com. they just published it this afternoon. >> there you go. >> all ten of them! all ten of them i think you can buy to hold and get rich when you get old. i love it. look at me! it's working. i'm telling you. >> the website one more time what? >> cnbc.com. >> okay. >> farr's top ten for '15. >> happy new year. >> we always learn something. you can see the full piece for

michael farr's other six we didn't get to those were just four of them for us today. after a short break, the case not closed. sony and fbi saying north korea was responsible for the attack and there's a possibility. was the finger pointed too quickly? former fbi agent and expert are here to weigh in next. speaking of hack attacks, multiple retailers attacked. are you safer at the register now than a year ago? courtney reagan here has done some digging. you may not like what she's found out when we come back. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready.

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welcome back. the sony hacking scandal a case of whodunit. cyber company norse believe it's an inside job and not north korea. this report leaving many to wonder who we should believe. we're joined by clint van zandt and what do you make of the norse account and the fact that it's so flies in the face of what we have heard from the white house and fbi? >> well number one, of course the fbi has access to sources

that private industry doesn't have, especially international partners. we've been burned in the past by saying, hey, we have had other governments help us so i know the fbi won't give up things like that but they have looked at the chinese did it the north koreans did it anonymous did it disgruntled sony employees did it. they have looked at all that. they appreciate the information coming from other security companies. but right now, when i spoke to the fbi today, they're still comfortable with their analysis. >> wait. just so to be clear, you spoke with the fbi today and they told you what exactly? >> the fbi said they are still comfortable with their analysis that north korea is responsible for this. they've listened to all the other information. it's helpful to look at. but look. this country abounds in conspiracy theories. right now, the fbi can't go with theories. they have to go where the evidence points them and the international and the national

evidence as far as the fbi is concerned still says north korea. >> okay. >> has got their electronic fingerprints all over. >> john just reading the account of what norse found, it seems to make a lot of sense. they add together the information, the way in which the information from sony's files was taken, that somebody might have had familiarity with it. they traced certain whereabouts and language i don't know what they're called to find in fact a female employee fired back in the spring and may have been involved. so what do you make of this account now? norse says it doesn't necessarily mean north korea wasn't involved but now likely would it be that those two entities would be working together? >> look. there's been a lot of speculation in the information security community regarding when's responsible and many in the community are not sold on the north korea narrative in particular because the statements of guardians of peace

didn't mention north korea until the media really started spinning the narrative. to me that's pretty telling. and actually in a lot of initial releases they hinted that they may have had some inside help. >> this is not the media. this was from president obama himself, didn't we? >> you're right. you did hear it from president obama but that was well after a week or so after this narrative had been spun up in the media and not say that north korea was not involved. >> i would hope the white house takes more than media spin and if they come out and tell us something and identify somebody as the culprit and in what amounts to one nation interfering with the corporate property of another that they would have 100% certainty or just as close as you can get on this. >> intelligence is 100% certainty. this is a human enterprise fraught with uncertainty. that's the point of why we have intelligence analysis. nothing is certain in this regard. i agree that the fbi and intelligence community is definitely privy to information

i myself am and the broader community is not, as well. that said the information that the fbi has so far made public does not seem to prove their case. there are a lot of real problems with the technical indicators they released that don't have to point to north korea. they could. >> just bringing in the panel for a second. andrew, if it turns out to be an inside job, what would that mean for sony? >> it's a legal disaster for sony because to the extent you have a foreign government hacking into the servers, this's one issue. you have an ex-employee that potentially do the hacking from a legal liability standpoint that's a huge huge problem for them. >> why? >> from linlt standpoint they're already getting sued right now because of what transpired and if you have a rogue employee doing something, even if it's an ex-employee, that's problematic from a standpoint of if i'm sued i have to take certain steps against certain employees and if i have a foreign government i can say, this was a concentrated attack.

much more sophisticated than the system. that's getting them off the hook more than an ex-employee. >> talk about the sophistication of the system, when's watching the network? they hired fireeye to give them some sort of analysis here but this is not the first sony hack. '99 and earlier, there have many attacks on the network. when's the responsibility of sony to protect, you know their systems from being hacked? who's sleeping at the wheel here internally? >> one thing that's interesting is usually these investigations take weeks or months to be able to identify who did what and the fact that sony came out and our government said it was north korea so quickly, that's interesting. >> clint, a chance to respond to all of this. >> yeah. well, you know number one, it was just in may of this year that the fbi and united states attorney's office in pennsylvania indicted five chinese military officers for doing similar type of things.

look. the north koreans are not near as sophisticated as the chinese are. if we can identify the chinese, we can identify the north koreans. and number two, we're not going just because the media says gee, we are not 100% sure we believe that do we expect the fbi to give up their sources and methods to convince us? do we want them to do it in a court of law when they indilt people for this just like they indicted the chinese military officers? >> understood, clint. but again, i'm sure you have read the account of norse. what did you think? they're careful to say it we're not saying it's not the north koreans but they were specifically narrowed down to a couple of sony employees. >> know that the fbi is not turned a deaf ear to this. they have listened to that. but as we started, when we first started talking, the bureau has

sources of information. they consider all of this. everything's laid out on the table. everything's a piece of the puzzle but the biggest piece right now still says north korea. that doesn't say north korea couldn't have subbed it out or other individuals helping them but as far as the biggest footprint on this situation, so far those boots belong to north korea. >> all right. we have to go. we'll leave it there. gentlemen, thank you both. the man that correctly predicted dow 18,000 not so bullish new year. that's burning up cnbc.com. what else are people clicking on? allen is here with the hot list and then the last edition of million dollar homes for 2014 with the most expensive houses yet. broker to the super rich dolly lenz will join us. which mansion packs the bang for your buck? vote cnbc.com/vote in moments.

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welcome back. been quite a year for apple. it's shaping up to be a historic year for the company and not in a good way and that story is hopping cnbc.com. allen, i have read it. i want to hear why from you. >> the ipad sales are going to go down from 74 million to 68 million according to advanced estimates so apple, you still have two days to pull it out of

the bag maybe. that's the way it's looking right now. apple is a theme that our readers just love on the website so this is one story they've been eating up. number two, here's another good is bad, bad is good thing. jeff cox looked at the inflows of equity funds, mutual funds, etfs, best week everlast week. for etfs best three months they have had the last quarter running. is this a sign retail investors are doing what they tend to do which is getting in at the top of a full market? jeff dug into it. >> what kind of etfs? >> equityies. just u.s. equities. i have to thank you, kelly. it was number three right during the commercial break and checked the numbers and it is now number one. michael farr's ten picks for the coming year that you guys were talking about. you gave it a little juice up there. been strong all day long and

people are digging what he's picking. >> happy to do our part. he did a great job and all of that. lots to discuss here. thank you, sir. >> take care kelly. >> lots more to check out on cnbc.com. 2014 holiday shopping season is almost over, while your credit card may be smoking, how safe is your data? with data breaches this year have retailers made it safer checking out at the stores or online? we have a scorecard coming up. first, million dollar homes are back and then a peak at the mansions. dolly lenz has a look into the most expensive houses. our cameras were allowed in, too. we'll be right back.

welcome back. million dollar home competition is back with a twist. this time blowing the roof off the million dollar price tag and showing you the most expensive houses that we could get into. these mega mansions bat too long see which is the best bang for your buck. the southern belle has won the last few rounds. now it's in the final round taking on a new challenger the rugged ranch. go to cnbc.com/vote right now and vote for your favorite. the winner you select will move on and the loser is eliminated. i think in this case the winner is winner period. so get ready to vote. the deciding million dollar matchup. >> this elegant 5 acre estate

offers true southern hospitality. make a grand entrance up the three-story elliptical staircase and then head across 22,000 square feet adorned in details like the custom chandelier. boasting six bedrooms eight baths, panelled library, gourmet country-style kitchen and wine cellar. the custom-built fireplaces look like the ones in the white house. my word. outside, port cos and verandas. featured on a hit tv network, this southern belle can be yours for $16,300,000. >> go home on the range to this massive 314 acre chunk of land. a former cattle ranch, this estate makes for a full outdoor experience with a competition size horse arena and three fully stocked ponds. or even take aim in the state of the arm skeet shooting range.

bring your herd inside the 15,000 square foot mansion stuffed with amenities like a museum quality trophy room with wild live from every continent. four bedrooms five full bathrooms including his and hers master bath and a wine cellar and seven-car garage. a perfect home for the outside enthusiast with a taste for luxury. $15 million. >> voting is under way as you can see there. up to you to select the winner. go right now to cnbc.com/vote. it's neck and neck and now let's bring in real estate super broken dolly lenz. you have been working overtime today. first of all thank you for that. and with these two houses squaring off now, tell us where each one is located. >> new one, new challenger is salina texas. 314 acres. >> wow. >> where is is this? >> four hours away from austin.

so it's kind of remote. and interesting house. you know, with the 314 acres, equestrian estate more than anything else and see people with the horse circuit looking at this house. $15 million. a lot of money and it's you know unusual. >> yes. especially the room with an animal of each continent. >> exactly, exactly. and there's an 8,000 square foot master bedroom in this house. i don't know if you find your mate. >> right. although for some people maybe that's the point. who knows? contrast the mask, the rugged ranch is in opposed to southern belle and if i recall is in nashville, tennessee? >> exactly. >> the rugged ranch. texas is great until just now. and now with this energy business and oil, i don't know. will texas stay in the spotlight? >> right. >> i don't know. it will be very interesting to see where that goes. >> what's the market like in nashville? >> nashville is not strong either. this is a big price point. this would be -- >> nashville's not strong?

>> not at this price point. this is a big number for nashville. >> all right. we are going to let our view earls get the final votes in here. still neck and neck. which one is your pick for the best bang for your buck? >> i have to tell you the nashville house is just spectacular. and it's won three rounds and i say it goes all the way and just win. look at that house. i mean, real estate. >> listen f. the whole owning it doesn't work out, make it a museum or something. >> exactly. >> all right. there we go. votes are in. it is now official. the southern belle, dolly, perhaps boosted there by your comments in the last couple of moments. winning. my own would have been for the rugged ranch. how do you say no to 3 10 ache10 acres? what about new york city? any signs of the high end of the market slowing there? >> you know we are slowing only to the extent that all of a sudden we're seeing lower volume so that's a sign of slowing.

>> why? >> i think people aren't committing. they're like let me pak a pause. numbers are really high. i'm not sure i'm jumping right in. >> what's happening lately between the mayor and the police force and everything? >> no, no. not for that other reason at all. i think taking a pregnant pause. pricing is very high. i think the mayor, the police you know all of that could be an issue. hasn't been one yet and i'm hoping when the mayor meets with the police that we get that all resolved and quickly. that's number one hot button issue is crime, number one. >> good reminder. thank you very much. >> thank you. >> thank you for latest multi-million dollar home series. sony's not the only major corporation to be hacked this year. data breaches of retailing giants putting thous of customers at risk. after a year full of cyber attacks is your data safer at checkout? we'll look at whether the stores learned a lesson of security and how much it cost them.

also, tomorrow marks the final day of trading for 2014. a very special year end market show that you won't want to miss. "closing bell" continues in two.

it's been a treacherous year for consumers using credit card.

from staples to target to home depot there have been numerous data breaches over 12 months. how safe is your information now at checkout? well, our courtney reagan has the details. >> kelly, it is more than numerous. since beginning of 2014 as many as 20 publicly reported retail breaches. jason oxman of electronic transaction association says that criminals will continue to target retailers because that's where the credit card information is stored. just like robbers hit up banks because that's where the money is. home depot, michael's, k mart and then staples are some of the retailers confirming store checkout data breaches in 2014. criminals are more sophisticated. they don't get a real job when hacking is harder they migrate to other methods. 8 million merchants are in the u.s. alone, all potential targets and as the large retailers are better and safer systems, the criminals likely move down to the smaller retailers. payment networks are multilayered and impossible to

identify unknown weaknesses. omnichannel retail opens up more opportunities for data flow intercepted and oxman explains that retail is in a transition period. the industry is finally investing in solutions. however, those solutions take time to implement, not perfect, expensive. and while consumer vs expressed concerns about data breaches total credit and debit card transaction volume is steady at $4.9 trillion with fraud of $5.5 trillion. it's not changing the behavior yet. >> that's what's interesting. also, i guess the question is is it safer? is it safer to use your credit card at checkout or online? >> it appears safer online which is kind of counterintuitive what we thought for a long. there's encryption online that's not yet as sophisticated at sophisticated at the point of sale. those cards with the magnetic strips have remained unchanged

for four years. yes, we're going chip and pin, but that's only part of the process. we're getting there, but it's not perfect, and it's probably never going to be. >> did you guys ever think twice before using your card at big box stores or online? >> a year ago, i would have said no i don't give a second thought, but now i do. it feels like we're in the movie "groundhog day." >> it would be the same company, right? >> but we're seeing it across so many different companies. it's very disconcerting. a lot of people disagree that it's not a profit center for these companies. >> but it is their profit center. >> more importantly, the reputational hits are horrific because there are people saying i don't want to shop here. >> i'm long apple. >> you think it's going to do

well? >> i think it's going to do really well. i don't think it's necessarily going to be the profit driver for apple. it's not going to be. but it's device sales. people are going to migrate to p aland they trust them. >> it does incorporate this tokenization. i've done enough research and reporting to understand that that's something that maybe we didn't care so much about before, but now we do. it's an extra level. >> and you have to give them credit because they have taken the step without doing it this way. and the fact that they have might make apple's case against some of the others and i don't know if google wallet but in other words, some of the mobile wallet competitors. if apple pay has these additional steps maybe the retailers will be the ones pushing out its adoption. >> courtney, thank you. >> could you survive on the kindness of strangers? that's what one man is doing as he travels the world on his motorcycle, and he's repairing those kindnesses with life-changing gifts. we're going to talk to him about abandoning his career in the finance world and hitting the open road with nothing but the clothes on his back, in two.

♪ music ♪ ...the getaway vehicle! for all the confidence you need. td ameritrade. you got this.

a former stockbroker in london left the world of finance in search of something greater. so he hopped on his yellow

kindness one motorcycle there it is, and hit the road traveling the world and relying on the kindness of strangers for food shelter, and fuel. in return, leon paid them back tenfold. he documents the adventures in his book "the kindness diaries," which is out today and he joins us now at the new york stock exchange. welcome. >> hi, thanks for having me. >> you're telling me there's something greater than finance? >> there is there is. >> i'm confused. tell us what led up to this decision and what the most surprising aspect of your decision was? >> you know, i used to be a broker, and i just felt disconnected. i felt working behind my slab of wood was uninspiring and i felt like i was living someone else's life and i decided i was going to travel the world and try and connect with people. and one of the most surprising things was the level of generosity that i received was just astonishing. a wave of jeopardy rosgenerosity that got me

across the world. >> did you think you might end up on social media? >> no i really thought there were kind people out there and i really think that humanity is a beautiful thing and we watch the news and we get all this negativity, but if you go out there and really connect with people, you see a lot of positivity. >> david, you inspired? >> i think it's incredibly remarkable. i really appreciate that. i think there's a lot of people in this business that don't really relate to that. i do. i look at the opportunity to maybe one day do something very different and something that i would enjoy, so i respect that decision. was there something in particular that drove you to it? i mean we're in a very pressure-driven business. was there something in particular about the business, where just the day-to-day that drove you to say i'm done? i'm walking out? >> you know i just felt that being a broker wasn't for me. yes, there was a lot of pressure. but i don't mind pressure. but i don't mind pressure if i'm doing something that i love.

and i wasn't done what i loved. >> how much did you walk away from? >> i walked away from my life. >> what were you earning? did you get to a point where you didn't have to keep working? >> it's an excellent question. i didn't walk away in the sense that i walked away with nothing. i had worked and i had something. so i did walk away from my life but i didn't walk away from my bank account. >> so for those of us that would like to be able to do this but maybe can't afford to walk away from our day job, are there he is sons that you've learned along the way that you can tell us so i can keep doing my day job and become a nicer person. >> i don't want you going anywhere. people are getting the wrong kind of idea. >> you know, i would really say the biggest lesson that i learned is about following my dream. my dream was to travel the world. and your dream may be to be doing this and that's great. everyone's dreams are different. it's important to follow your dream. >> well i think what you're doing is absolutely incredible

and they say that kindness is the language that the deaf can hear and the blind can see. i guess you've been to 90-some countries during your travels. was there one country that was more generous or really stuck out in your mind in terms of the generosity towards you? >> i would say without a shadow of a doubt, it was america. i'm not just saying that because i'm in america. i'm saying that because it's true. there's a level of generosity in the american soul. it is truly astonishing. >> i remember in china i once read about the way people would pay it forward in the drive-through and would that concept ever organically come out of a place like china. and i'm just curious how many conclusions you can draw for generalityies from the way the different people really are. maybe it's the case that the u.s. is somehow extraordinary in that regard. >> the u.s. was extraordinary, but other places were also extraordinary. i wouldn't have been able to cross the world if it wasn't for the generosity of people. it wasn't just americans. it was lots of different countries. >> was there one country that wasn't generous that really stuck out in your mind?

>> you're putting me on the spot now. i would say no. i would say no. >> well we have to jump in just a second but curious to know, what's next for you? a lot has happened for you. you've written the book now. and now what? >> you know, continuing on my adventures. continuing to attempt to give back. and continuing hopefully to inspire. if i can. >> what's the greatest example of your giving back to somebody who helped you? >> i met a homeless man in pittsburgh called tony who put me up for the night on the sidewalk. the next morning, i gave him an apartment and i sent him back to school. you would think that was a lot, but he gave me so much more. he really taught me that true wealth is in our hearts and not in our wallets. >> leon thank you so much for being here. the book is called "the kindness diaries." you can find it today, and a great read for this time of year in particular. thank you again. thank you to the whole panel. on that note it is now time for "fast money" with melissa lee and the gang.

>> all right thanks a lot, kelly. "fast money" starts right now. our traders tonight are tim, john, paul and brian. we talk a whole lot about tesla here on this program, but tonight we are talking a different electric vehicle name. china's candy technology is getting a boost today. we've got the details in an exclusive interview with the representative of the company tonight. but tonight's top story, greek drama. goal rising 1.5%.