flirting with a 300 point loss. but i would call this a rather stable selloff at this point. interesting to note is that exxon mobile is now the number one performer in the dow 30. at last night, it had turned positive. >> it is positive right now. >> that will wrap it for this hour edition. >> have a good weekend, tyler. closing bell is up next. thank you. welcome to "the closing bell." >> hope you're feeling better, kelly. stocks selling off raise the second consecutive day. the culprit is not just oil. we'll talk about what's going on. we'll set you up for the week ahead as well. >> naughty and nice. we have a special report on this year's worst and best performing

stocks and there may be a few candidates on the list that will shock you. >> recent downturn in junk bonds. with one hour to go left in trading, we still have red arrows across the board on wall street. the dow down 1.5%. the s&p is down just more than 1%. it's the worst two-day losing streak for the dow and the s&p since the end of august. the nasdaq is down 1%. >> all this after such a promising start to the week, but let's start with the market selloff in this final trading day of the week. bob? >> we're in a funk.

wall street is in a funk. you get the idea a bit of a funk here. here's citi group. you have fewer rate hikes, less opportunity for banks to raise rates. a lot of the big banks are down about 2.5%. take a look at some of the big industrials here. here's united technologies. you've heard about operating capital budgets getting cut here. that's the general theme here. that continues into 2016. utx down about 1%. groups that have been beaten up,

you know iron and field stocks have been beat up. up almost 4% here. reliant is up here a bit today. the street doesn't believe these kind of rallies are going to last. they're in a bit of funk. exxon has gone positive today. again, people are hoping that trend is going to last. $10. it's been d-listed today by the new york stock exchange. that's the latest victim of the big decline in energy prices. meanwhile a tough day for disney shares despite what is looking like a huge opening

night for "star wars: the force awake awakens." the film has set a box off record of $15 million from last night's showings. they posted photos of themselves on facebook. >> the stock, it is falling. it is down more than 3% today. part of the reason behind that is btig downgraded the stock to cut the price targets to 90 bucks. rich greenfield explained his reasoning. >> it's scarily because of espn and the cable network division. everyone is excited about "star wa wars." we believe "star wars" is going to do $2.6 billion globally. >> should investors be excited about "star wars" or should they be more concerned about disney's cable network issues?

joining us is robert luna. have you seen the movie yet? >> i have not seen it yet. here in phoenix it is sold out at the theater i go to. >> you're not so worried about disney's stock, are you? >> no, i'm not at all. i've been a long-term holder. i think what the analyst said this morning has been well documented. the idea espn revenue is going to fall off in this watershed event is a little overestimated. there's some cord cutting. i think the biggest thing he's missing out on is the power of disney, the power of the "star wars" franchise. i heard him say 2.6 billion. i think that could be 3 billion. shanghai is going to attract

several million visitors to that theme park. this franchise has a lot of staying power. the stock will be closer to 130. 90 is not going to happen. >> it is hard to quantify some of these issues. the espn problem, it's a known problem. it's been brewing for a couple of kwaquarters. i'm just wondering how you square that. >> i agree. this is going to be coming over the next year and a half. i don't think espn is going to drop off the next quarter or two. one thing about "star wars," we saw what disney has done with pixar and marvel. the merchandising opportunities alone -- what they did with "frozen" was interesting.

"star wars," not only is my daughter excited, but it is also gen-xo gen gen gen-xers like me. >> there's the positive side story spin on disney. robert luna from sure vest wealth management. joining us today jim lowell, keith bliss, and jack rougian. today is an expiration day. a lot of options set to expire today. that's probably having some impact as well, don't you think? >> it probably is having an impact. there are some underlying things in the market that are making me pause a little bit. the two things are bond spreads, the corporate bond spreads, the

high yields. that's been an excellent indicator about the market pulling back. it's now at its widest point since june of 2012. the second thing you and i have talked about over the last year is the transports. the transports have been an excellent indicator of which way the market goes up and down. in concert with the transports, three other indices, which are very much in tune moving to s&p, china, japan, that's a troubling sign right now. the market right now, it's down. >> jim, the worry is that now that the fed debate is off the table, at least for now, we'll have to pay more attention to the fundamentals in our economy, in the global economy. there's not all that much to like right now. >> i take any sort of troubling signs at least in the very near

term as probably net positive in long-term investments. the economy is going to grow a little bit faster here in the u.s. in 2016. that's the groundwork for the ability to be able to hunt for reasonable gains across multiple sectors, x energy. we saw japan stepping in today with a surprise addition to their stimulus measures. that may be a little bit worrisome this the immediate term, but longer term, that casts a safety net. we think in the hands of good stock pickers with proven track records in troubling singles like these, we'll be able to return home with some pretty good gains before next year runs its course. >> where do you see opportunity? clearly, volatility is back in the markets, but where are you going to make some money right

now? >> bill, this path to normalization is going to be volatile and painful. it's one of the reasons why the market is starting to turn. today's exploration is ver important. this is followed by a big $900 million sale on yesterday's close. this is the first expiration after the fed made their move. this market feels like it is rolling over. i've come on the network for the last six years saying you have to buy this. i think the time has come where we have to start lightening up a little bit. the next 12 months could be very dangerous for the marketplace. there are warning signals that are out there right now. today's expiration was one of them. the fact that we're seeing earnings contract. that's basically because of the

dollar. really changes the dynamic of the price earnings ratio. it is really rich whereas before it wasn't rich. a fed which is just positioned to the rest of the central bank world, that is going to drive the dollar higher and drive oil lower. that's not really good for the market short term. >> keith, you were talking about warning signals in the high yield market. if you're playing ek quitieequi is increasingly hard predicting how the market will react to some of these moves. utilities would be the best performing sector and treasuries would rally by the end of the week. >> i know. that's a disconnect in the market as well. there are a couple of factors to where the market is going short term. one of those is seasonality

factors. we're about to get into a strong season. also the advanced decline line is the weakest it's been along with 2002. that generally precludes a march upwards, so we'll have to keep an eye on the market. it is weaker signals short term than strong eer signals. >> before we go, where are you going to make money in the market? >> we think we're going to make it in good u.s. low price stocks, established europe and japan, especially in the mid and small cap ranges. it's not going to be a market that you're going to be able to rest easy on. i don't think any day, month, out of next year. i think we'll be able to muscle our way to some profits. >> thank you, gentlemen. have a good weekend. see you later. we have 48 minutes left in the trading session here. the dow is down 280 points.

i think we were down 300 points earlier today. >> we'll have much more ahead on what is moving in the market. you won't want to miss our conversation with howard marks. he'll discuss corporate bond funds. bill, he has said recently there are more opportunities now. >> he's got a long shopping list right now. when we come back, amazon is in talks with boeing to lease planes for its own delivery service. a leading logistics expert weighs in on whether the online retail giant is getting in over its head coming up.

just about 45 minutes into the close, every single s&p

sector is in the red. financial down more than 2%. the work performing sector quite a different tale than we thought a few days ago. >> the least of the worst is utilities today. let's check some other movers for this friday. darden rising. darden says olive garden customers are spending a little more per visit these days. olive garden accounts for more than half of that country's 1500 restaurants nationwide. b wells fargo is citing lower price expectations. >> amazon is reportedly in talks to lease 20 boeing planes for its own air cargo business.

morgan brennan has the details. >> the seattle times reporting the e-commerce giant is in talks to lease 20 boeing 777 jets for air service. if amazon is doing this, it is likely talking to aircraft leasing companies, not boeing directly, that could operate the planes if amazon isn't certified to do this. amazon may already be testing this. as of last month, there were five freight planes. several sources do claim that this is indeed amazon. overall amazon has been bringing more fulfillment in-house. it has sorting centers. air delivery is really a logical extension to all that. shares of ups and fedex are

trading lower in part on this today. fedex founder and ceo fred smith said building a transportation network is very capital and information intensive. that's the reason he doesn't see the shipping landscape changing much in the future. >> seems like amazon's ambitions are only growing. amazon stock like most of the market is down. it is down 0.75%. kai timmermann joins us. it seems like amazon is doing everything in transportation and logistics besides buying a

refinery. >> that's still coming. this seems more of a skimming or cherry picking exercise. with all the transaction information they generate from the purchases and going across their network, being able to identify freight characterist s characteristics, being able to invest fixed costs into that structure seems to make sense. >> you don't think they could do a better job of transporting their own stuff better than ups, fedex, and the post office. >> i don't think it's a question of whether they can transport it better. right now is it going to be a variable cost play. they'll be paying out on per cubic foot. you change the model of that. they can really pick which lane. they can pick which freight. they understand what's moving, and it puts them in a much

better information situation. >> holiday season demand and order outpaces the capability of ups or the postal service. would leasing a cargo fleet be a permanent solution? >> i don't think so. the deep season is going to effect everybody what is going to operate. bear in mind, you have a last mile issue. you're talking about trunk lanes when you're talking about the airlines. again, we're working on the drones. it's not been -- to my sense and my quick read on it, i think it's a cherry picking skimming exercise. it doesn't make sense to become the next united. what they probably want to do is

say let's focus on these areas where we know we have a lot of cost. let's variablize that, which is a more competitive position, and cut down our shippi inpin inpin. >> it's going to be fascinating to watch. thanks, kai timmerman for joining us today. the dow is still deeply into negative territory. dow and the s&p are on track for their worst two-day performance since august 31st and september 1st. >> it is expiration day. we're seeing some volatility as a result of that. coming up in the wake of today's selloff, the stocks that have been naughty and nice as we head into the holiday season and the end of the year. and up next, the ceo of

carnival will speak with us exclusively to discuss expansion plans at the world's biggest cruise operator. "closing bell" will be right back.

we have a news alert. >> jeffrey locker becoming the

first fed official to speak since the wednesday conference. a fed forecast of four hikes in 2016, that shows what the committee means by the gradual pace. we reported that the feds shows the funds rate rising to around 140 next year. that would constitute fourth quarter hikes. a rate hike can come at any meeting. finally, he said the rate hike was a sign of improvement in the economy in his panel discussion. here's what he said. >> i think it's a sign of the strength of the u.s. economy. i think it's a fundamentally positive reflection of how far we've come since the recession. we continue to add jobs. consumer spending continues to expand. we continue to innovate and invest. >> guys, those remarks from lacqulac lacker hit the tape around 2:45. it seemed to start a little bit

before that and then accelerated at 3:05. what the market is hearing is the four rate hikes are not a sign of a good economy. >> good point. thank you very much. carnival stock, one of the few clear winners today. it is up over 4% in this down market. the world's largest operator of cruise ships beating earnings expectations. >> simon hobbs joins us here along with arnold donald in an exclusive interview. >> two and a half years in this turnaround at carnival, there's a lot going on in the business. let's talk about oil first of all. how much has the 2/3 fall in the price of oil have you been able to capture? >> happy holidays to you, simon,

kelly, and bill. only about half of our purchases do we get to benefit from the lower prices. of course, currency tends to move the opposite direction. actually from our guidance last december for this year we had a ten cent net drag with fuel and currency combined. exceeding guidance was through operational performance and i'm very proud of our team. >> this is a great time to talk to you. you're two weeks from the start of the wave booking season where you'll bomb us with the adverts. in september you said you were selling more cruises at a lower price. that's clearly turned around now. you're able to raise prices, arnold. give us some color. >> the color is really simple. what's key to us is exceeding

guest expectations. the more we do that, the better we're going to do. that's what we're totally focused on. concerning the pricing, we started out a little bit behind pricing wi pricing-wise, but ahead on the booking curve. we have higher pricing on those later cabins. we've already begun to see that especially with what we see in the first quarter. >> arnold, bill here. nice to see you again. unfortunately the world we live in today everybody thinks about and is concerned about security. are you spending more on security these days not only on your ships but somehow in the ports where you stop on your cruises? how does that figure into your bottom line? >> we've always had to pay close attention to security.

we are in constant contact with all the intelligence communities around the world and all the various enforcement agencies around the world, but there's port security outside of us here in the states. around the world, there's separate security. we have narrow access points for the ships. when they're at sea, they're almost inaccessible. cruising in that regard is very safe, but of course we pay very close attention. the number one thing is to ensure that our crews and our guests are always safe. >> arnold, it's been two and a half years since you took over there after the two brutal events at sea, which people will recall. a turnaround story to say the least. i think the carnival brand has double digits. if you look at the stock price performance though over the past five years, there's been this

cumulative growth also from your rivals. what can shareholders expect? will you be able to catch the other two, do you think? >> you're talking about an apple, an apricot, and a basketball. we have very different scales between our company and the two you mentioned. you've got different starting points, et cetera, so we don't worry about them, but we do worry about our performance. and our goal is to deliver double digits return on investment capital. this was an important milestone for us this year. it puts us on the path, but we need to get to double digit returns on the capital and we will. when we deliver that, we feel strongly that our share price will reflect that and our shareholders will be rewarded. >> arnold, have a great holiday season. it's good to see you again. i have an idea that you have great places to go with the

family. thank you. >> where does the ceo of of carnival go on vacation? >> he has so many brands to choose from. >> where doesn't he go? time for a cnbc news update. here's what's happening. bernie sanders' presidential campaign manager says the democratic national committee is undermining sanders' white house bid. that's what president obama commuting the sentences of six people for drug sentences. gop presidential candidate ben carson holding a town hall in iowa. he denied any notion that he holds biases against islam, but he argued that immigrants must

accept what he sees as classic american values and principles. prince george will begin his school life next month when he starts attending a nursery school in the united kingdom. he'll be enrolled at a moschool. >> his parents home being kensington palace, by the way. >> yeah. >> sue, thank you. >> see you. just a half hour before the close, the dow and s&p still deeply into negative territory. doesn't look like we're going anywhere anytime soon. >> a leading trader is going to tell us what he's watching going into the close on this selloff friday. >> howard marks will explain why

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25 minutes to go in this trading day. big down day.

expiration day. what do you think we can expect in this next half hour here? >> we're already at a billion shares on the nyse. we're going to expect a massive amount going forward. this is the last opportunity for traders to get in and out of any trade that they want. with the volatility we've seen, there's been a massive repricing of these options, so people are probably going to want to put anything to bed that they're not cold fro comfortable with going into the new year. >> does it present a buying opportunity necessarily? >> it certainly could. we're right on some support levels that we've held all day in the s&p. this could present an opportunity to buy more, sell more. i'm sure there are will be some disproportional move. >> thanks so much. meanwhile, we've been watching oil's decline all week.

it's down nearly 2%. the decline over the year has been pretty much cut in half. it's bad news for some, but market opportunities for others. oak tree capital has been buying up distressed debt. howard joins us now exclusively to explain. to say you are a legend in the distressed debt world might be putting it mildly. >> your returns speak for themselves. you were giving money back to investors because you said there weren't enough opportunities. >> the opportunities, for especially for a distress investor, have been slow. there are times when it is better to have a lot of money and times when it is better to have a little and we try to respond to that. >> you made comments a couple of weeks ago where you said there were more opportunities for the distressed debt investor than anytime since the lehman fallout

and oil is one of the big opportunities. can you clarify? this is something we would say to our viewers you wouldn't normally try at home. >> let me talk about the potential opportunities when you talk about oil. it's an opportunity to invest. it may not work. yes, really since -- '08 was the crisis. '09 was the recovery. sometime in '10 things reached equilibrium. the opportunities in distress debt have been very modest. our opportunities are inversely proportional to the health of companies. >> clearly, the decline in the price of oil has put a lot of pressure opinion the oil patch and those companies, especially those smaller drillers who issue

the debt. >> that's right. >> the debt is going to be disstressed and that's what you're talking about, right? >> yes. >> how risky do you see that on the scale? >> i see it as quite risky. there's nothing intelligent to be said about the price of oil. there are people who don't know what it's going to be and there are people who don't know don't know what it's going to be. it is quite uncertain. >> we're at the pain level right now at $34, $35? >> the best cure for low prices is low prices. the lower the price, the fewer the people who invest in additional capacity and that eventually causes supply to decline as demand increases. price comes back.

>> we heard he is shoring all major leveraged oil companies. if you're playing the debt side, how do you find the conviction that a bond that goes from 90 to 60 is going to go back to 90 and not to 10? >> i don't know. you tell me. >> you're the expert. >> it is hard to have conviction about that. it all depends on the price and i think the price is unpredictable. now the price is down 2/3 from the high. it was 110 not long ago. it was 147 in '07. what's the real price? what's the price to compare against? i don't know. >> with the fed raising rates, what other opportunities might present themselves, or is the fact that they're talking about doing this in a very gradual fashion not going to pose any stresses anywhere? >> no, i don't think -- 25 bases

points is not going to stress anybody out. i don't think they're going to move far enough or fast enough to change the equation. in a major sense, i think it's a non-event. >> you just raised a new fund for a rainy day. can we say that? >> yes. >> what are you waiting for? what do you need to see in the market to put that money to work? >> we need two things. number one, we need the default rate among high yield bonds to pick up. defaults are very scarce, especially outside of oil. then we need some enthusiastic selling. we get our best bargains, as does everybody else, when some people are moved to sell. >> are you going to buy puerto rican ponbonds if you haven't already? >> we don't buy sovereign. >> those certainly would qualify

as distressed bonds right now. >> yes. but the answer on that question is not an economic one. it's a political one. i think political analysis, those two words are an oxymoron. >> you said social media stocks might not necessarily be poised to continue going up. what do you mean by that? >> popularity is not a good thing. when you buy the things that are popular, we have an expression. they're usually priced for perfection. there's too much optimism in the price. that means the upside is limited and the downside might be extensive. we don't buy stocks. we don't buy social media stocks. if you look for something that's been the beneficiary of enthu

enthusiasm in this market, that's it. >> can a distressed investor be an optimist? >> yes, we're optimistic about the recovery after we buy things. >> we're heading to the close. we have about 17 minutes left in the trading session here. the dow gradually coming off the lows. we're down 298 points right now. up next, we'll run through the good, the bad, and the ugly in the stock market this year. we'll be back in two. like turning algae into biofuel... ...new technology for capturing co2 emissions... ...and cars twice as efficient as the average car today. ideas exxonmobil scientists are working on to make energy go further... ...no matter how many tries it takes. energy lives here.

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today's market selloff has everyone seeing red and it has nothing to do with santa claus. there's only eight trading days left in the year. >> dominic chu joins us now with the look at 2015's best and worst performers. >> a lot of investors are making their list and checking it twice to see who was naughty and nice.

let's start with the naughty list. bad news first. names like bed, bath, and beyond. it's lost about 1/3 of its value, but there hasn't been a lot of ups and downs. it's been a steady down trade for this year. moving on from that consumer theme to another part of the market showing real signs of weakness, you take a look at harley davidson, motorcycles. this stock a little bit more volatility, but you can see the trend has been lower all yearlong and it's lost 1/3 of its value as well. you look at petroleum, down about 44%. as for the nice ones that have scene steady up trends all

yearlong, hormel foods. this has been a steady riser all year. up 22%. you take a look at some defense stocks. a fairly decent up trend all yearlong of 25%. we'll end on one of the biggest gainers of them all on the mega cap side of things. amazon.com. we know how well it's done. more than doubling so far this year, but not a very volatile trade. pretty much steady up all yearlong. as investors start to take stock about these particular holdings, they're looking at the ones that have been steady performers all year and those that have not. >> a tale of two different types of stocks, that's for sure. ten minutes to go in trading today. a lot of red still on the street. nasdaq still on track to be up about 4% this year.

the only major average in positive territory this year. >> this is expiration day. you're going to get all kinds of swings and different motivations. it is but there is a small amount of s&p to sell at this point. we'll keep an eye on that, it's a friday, albeit a selloff friday. we'll get david's take on the selloff along with margaret. stay tuned. working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this.

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eight minutes left in the trading session, with the dow down 325 points. joining us with david darst. worst two-day period since august. >> i would say to you both and to our listeners that the world is swimming in oil. the world is swimming in cash. the world is swimming in monetary stimulus, still. what it lacks is business confidence. "night of the iguana," there's a famous poem at the end, "not only in this golden tree but in

the frightened heart of me." >> did richard burton say that or i haveava gardner? >> tennessee williams wrote it. i find oil being low like this being incredibly stimulative. we lack that spark. it can come. we have the uncertainty of an election year. we have 39% bears now. the long term average is 30%. there's an amount of bearishness building up. you'll have backing and filling until this abundance of nothing is filled with something called confidence. >> there are a lot of companies in texas and oklahoma who don't feel stimulated by the price of oil. >> that's true. that having been said, your previous guest, who is an epic guest to have on, howard marks, the low price of oil is its own

solution. it will stimulate the economy and that will come back. this is a great time to be picking over stocks that have good dividend protection in the energy sector. so you can buy -- look, royal dutch yields 8.7%. british petroleum, 7.7%. can they maintain their dividends? if so, you'll want to nibble at stocks. courage. >> we need courage. thank you, mr. rather. have a lovely holiday, merry christmas. >> thank you so much. >> david joining us as he does each friday. up next, the closing countdown. >> and more on today's market selloff. we have shark tank investor kevin o'leary. your watching cnbc, first in bid worldwide.

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2.15%. the dollar strengthening especially after the fed raised rates for the week, up 1%. and the ten-year-year-old, as we see a rise in the ten-year yield. we're seeing more selling here as we head toward the close on this expiration day. >> it's hard to tease that expiration effect out. there's also an expiration in oil on monday. my theme has been lower, lower not just for oil but lower in 2016, natural gas lower, interest rates staying lower. take a look, for example, at the bank stocks today. they're probably the biggest downside performer. comerica, lower interest rates, lower for many emerging markets. i think it's interesting that we did try to buy a lot of the

steel stocks today, we bought a lot of the beaten up energy names. the problem is traders don't believe that energy is going to last. that's part of funk wall street is in right now. >> we're going out on the lows, down 367 on the dow. stay tuned, much more on the second hour of "closing bell." and welcome to "the closing bell," here's how we're finishing a volatile day on wall street. here is what the major equity indices down, dow down 370 points at the low of the session. the selling escalated going into the close. financials are tech are the

worst, nasdaq composite was down 1.6%. volatile week for the markets, three straight days of triple digit moves following the fed's decision. joining us is dominic who will join us in just a moment. first, evan is an individual investor and cnbc contributor, and mike. bill griffeth is back with us. >> we see this 370-point decline. people are seeing that one number, oh, my god, what's going on here. is it more about this it can expiration? >> the technical expiration pushes the market a little bit in the direction it was heading in anyway. it doesn't necessarily change the up versus down but maybe you have an extension for that reason. what jumps out at me is not just that we finished the week on the s&p within a quarter percentage point, but last friday's action

was very similar to this one, we had a big percent and a half down say, you had oversold conditions, two bad closes in a row. and what i said last week, investor sentiment is souring. monday is a monday. and usually mondays after weak thursdays, fridays, not usually but often, they aren't necessarily reliable as bounce points. >> we've got dominic standing by right now with some of the data for us. >> bill, mike, kayla, to talk about the volatility we've seen, we haven't closed that far away from where we were a week ago. still, there has been a fair amount of volatility with the fed interest rate meeting and the subsequent market action there too. the dow jones industrials today, just today so far, a rather steady decline all day to the point where we're seeing that

370-point decline. maybe we don't have as much fuel for that seasonably strong part of the market overall. if you take a look at what it's been like other part of this week, over the last two weeks, there's been pressure, traders say it's felt heavy on the dow. on the s&p, the same, same kind of move, down 37 points, 36 points, we're still settling things out right now. the two-day chart, again, same kind of move. near, again, close, again, towards that 2,100 level, dripping down to 2,005. the sector points, the most overall, the dow jones industrials over the last week are relatively flat, about a percent. overall, with the moves here, the s&p 500, same kind of thing, down about a third of a percent.

the sectors are where it gets to be interesting, if you will, right? we did have some green over the past week. utilities up by 2-3/4%. three of those guys known more for their dividends, as opposed to materials, technology, industrials, energy, consumer discretionary, the more cyclical parts of the sectors, the ones more exposed to the economy's ups and downs, they're the ones that have fared the worst. so guys, kayla, bill, everyone else on the panel, it will be interesting to see whether or not we can get any kind of momentum. those people out there, the purists, to find the santa claus rally. between christmas and new year, the first two days in the new year, we'll see if there's strength for the santa claus rally. >> setting itself up there. dom, thanks very much. i'm pleased to welcome the birthday boy himself, "fast

money"'s guy adamle. >> i truly appreciate that. i'm 52. >> you're a deck of cards now. congratulations. >> i'm a lot of things. >> you're the joker in the deck. does this present a buying opportunity? what are you doing here? >> bill, i know that's the word we typically put in front of "opportunity," is "buying." how many people come on and say it's a selling opportunity? i'm not saying that's necessarily the case now, but i think you have to look at the market through a different prism at this point. the energy move absolutely matters. we've had so many people come on and be glib and say, yeah, this emergency mo energy move is great for the consumer. as much as i enjoy spending $40 instead of $90 to fill up the tank, it has far larger ramifications. can we see a bounce? yeah, but earnings matter,

revenues matter. the chasm between earnings growth and revenues growth continues to widen. people are finally starting to see the chasm between the on the the boots economy and the stock market continues to widen and maybe that has to come back to earth as well. the yield curve is absolutely flattening. the fed may control the front end, and i've said it countless times on this show, they do not control the back end, and that's not a good thing. >> i don't think anyone anticipated the ten-year to rally after the fed's move, to say the list. art cashen said earlier this week that crude oil as a leading indicator for the market could possibly be more powerful than the fed. the viewers want to know how your oil trades are doing. >> my oil trades are fine. my average price since i've been buying, i'm down 6 or 7%, which is in the scheme of things, that's fine. i have no problem. i'm happy to buy a share of exxon down in the low 70s than i am buying facebook with a

valuation of over $300 billion on it. that's kind of the big picture. by the way, i take the other side of what guy is saying, this oil trade. oil has been a tell. and it's been a bad tell for the stock market. i don't think there's any disagreement with this. the thing that i ask myself is, going into next year, what does this mean? i'm not trying to play the next two weeks or what's going to happen. the good news of this week is, we know exactly what the consensus is going into 2016. the consensus is guy adamle. guy adamle is telling you the consensus is bearish on oil, bearish on gold, bullish on bonds, and kind of negative for bearish on overall global growth. that is the consensus going into next year. and where you should put your money is based on what you think that consensus is right. >> by the way, guy, jack berugia agrees with you, the most

consistently bullish guy we've had on this network came out and said he's getting scared for 2016 now. >> i'll push back, when people that have historically been right, you have to listen to him or her for that matter. but i don't think the bullish bonds is consensus at all. i've come on this and been ridiculed for saying bond market is higher, yields have going down. i don't necessarily think i'm consensus when i say i think gold is going to go higher. i try not to be consensus in anything other than my love for bill griffeth. >> what i do find interesting, to guy's point about bonds not really being a consensus trade from the long side, a huge outflow out of bond mutual funds in the last week, by some measures the biggest on record in a single week. obviously people got spooked by the idea that fed tightening equals a bond bear market. what i find interesting stock

market-wise, people don't want bonds but they want stocks that act like bonds, which is a little bit dis on ant, if you ak me. . >> it's a relatively bullish bond position. it's basically saying there's very little economic growth forecast in the next year. >> it's a huge premium over german government bonds. the world is the world, as it is right now. >> i know, but right now, right now, if you look at bonds versus the dividend yield in the s&p 500. >> about the same. >> it's about the same, which is basically saying there's no growth. >> not a lot of growth. >> mike, do you agree with jim stewart who writes in "the new york times" this weekend that the junk bond scenario never happened? >> the money available for riskier credits is less than it was a year ago. but it doesn't necessarily mean it's some kind of carnage that can only get worse from here. the catalysts for getting a lot

worse aren't evident. in january, banks starred to expand and it isn't this low liquidity anymore. >> are you expecting a santa claus rally? >> i'm reticent to use that term. the short answer is no, i'm not. but what i do think you can be involved in are the miners, the gold miners. i was wrong the other day, on wednesday, i thought you would see a big rally in gold and yesterday it obviously got crushed. but the move you're seeing now starts to make sense. i think bond yields go down. i think you'll see a knee jerk reaction to the upside in gold. i think some of these junior miner stocks would get a bid in what could be a dicey broader market. >> guys, stick around, we'll switch gears. the other big story of the week, martin shkreli resigning as ceo of turing pharmaceuticals after being arrested on securities fraud. meg is outside his apartment in

new york with the latest. >> reporter: martin shkreli has started live streaming his activities again on youtube, telling his viewers, it's good to be back, i'm sorry i wasn't live streaming yesterday. >> i'm not allowed to say anything about the case. as you guys know, i'm not one for a lot of comments. my lawyers say don't talk, so i'm not going to talk. everything will be non-casework. anyway -- non-case stuff. >> reporter: so to recap, shkreli was arrested at his apartment yesterday by the fbi, charged with seven counts of securities fraud, wire fraud, and con spespiracconspiracy.

shkreli's pharmaceutical company, rheturing, announced a interim ceo, ron tilles. they say daraprim remains available and is unaffected by these events. other than the live stream, shkreli isn't commenting today. in a statement from a spokesperson last night, he said, it is no coincidence these charges, the result of investigations which have been languishing for a considerable time, have been filed at the time of shkreli's high profile yet unrelated activities. yet he did nothing to maintain a low profile. in addition to the live streams today, since november 4th he has had 65 live streams, broadcasts more than 300 hours of his life online, kayla. that is the update right now from martin shkreli's story.

>> charges on seven accounts. can't keep him down. >> i love the fact that he's got the marshall amp, the heavy, blowout rock amp, sitting behind him. >> it looked like he got distracted from his own stream, he lost interest. >> he will be left alone with his marshall amp. >> the fact that maybe the authorities were closing in on him maybe retroactively make a lot of his behavior seem a little more explainable. >> we talked about that this week, that might explain the purchase of the wu-tang clan ails. but. >> the fbi did not seize the wu-tang clan album because they didn't have a seizure warrant. meg is a trouper to be out there in the cold and the rain. >> art cashen stopped by and said on the close, on the bell,

they did 1.3 billion shares in volume here at the new york stock exchange. >> some people are saying no accident, by the way, that the s&p went out at $200 exactly. these options things, they want certain levels sometimes. >> right on the strike. >> all that volume, and we're plus or minus a% percent of whee we started the year. >> guy, enjoy your birthday celebration. >> thanks, bill. i want you to put on the twitter feed a cocktail with my name on it. >> the friday cocktail is in your honor. >> thank you very much. >> see you later. we'll see you and the rest of the gang on "fast money." mike will be making his "fast money" debut. how are you going to do that? >> my debut? as in my current position, yes.

we'll be doing it from here. >> wow. >> very impressive. >> but you guys will be here for the rest of the hour. we'll have marco rubore on toda selloff. also carmac getting hit hard. what those numbers reveal about the broader economy, coming up. you're watching cnbc, first in business worldwide.

the dow closing down 367 points today to cap off this incredibly volatile week. >> to help us navigate the market, kevin o'leary. kevin, are you the kind of guy that swoops in at extreme times like this? >> i'm a long term investor, bill. i care about value. i look for opportunities in days like today. today i found two areas of interest. the volatility in the morning was also evident in europe. i'm looking at the incredible u.s. dollar vis-à-vis the euro and saying to myself, next year, won't companies in europe take

advantage of the fact that their companies are extremely competitive at exporting goods and services? and oil is the only commodity that when it collapses has a silver lining. it reduces input costs in every sector, particularly in european companies now, which have two benefits: low euro and low input costs. i'm allocating more to europe next year. i'm going to move up to a 25% waiting in my holdings. necessarily, la roche, succulent dividends, it's fantastic. >> you also have a market being supported by a central bank. japan, as we learned this morning, is going to be tweaked a little bit and extended there. does that mean, mark, europe and asia are potentially more attractive than thee u.s. for te time being? >> yes, and i agree with kevin.

you've seen european outperform american, masked by the euro/dollar cross. while the dollar stays strong at least against the euro, it probably decelerates et cete s strengthening. so i'm bullish on that scenario. when you say asia, kayla, i must say i am japan bullish. there's a turnaround on hand in china but there's other markets i would still underweight in a portfolio. >> i wonder how you would think about 2016, assuming we have basically a flat year here for the s&p 500, historically not very common to have two flat-ish years in a row. do we have the makings to break significantly one way or the other here? >> maybe from a contrarian at

some point, my work led me to believe i think 2016 delivers at best muted results and probably results that along the way are subject to continuous bouts of volatility because of all the divergences that are existing around the world today, whether they be military-related, geopolitical related or monetarily related. >> why are the markets, kevin, at least appearing so heavily correlated, whether we're talking globally, across asset classes? people say look at what's happening with oil, that has an impact on lowering bond yields. why today is it so correlated, do you think? >> it's certainly blown out in corporate credits too. i like to look at the optimistic grew, saying input costs have better results in every sector except energy. but the rest of the world is saying it's an indicator on

economic growth globally. i happen to believe the saudis are pumping 11 million barrels plus a day just to drive people out of business. and i'm okay with that. they've done that in the past. their input or out put costs, i can see oil at $25. my incremental dollars will go to to places in 2016. i'm loving what's happening in short term credits, blown out to a 7% spread. it's incredible. it's a forecasting a massive recession based on energy. the rest of the companies haven't even reached a 2% default rate. i'm going to take a position there. and i started doing that today as well. because i happen to believe we'll see spreads tighten as people realize it's just not that bad out there. it's bad for the oil guys. and believe me, i have a heavy heart for them. meanwhile, for the other nine sectors, i'm very, very happy. >> mark, what about that? especially as it pertains to oil.

i mean, you know, even saudi arabia, we were just reading today, they're starting to think about revamping their own economy to deal with a prolonged period where we have low oil prices. >> well, it is a problem for saudi arabia. they have a $650 billion reserve fund that allows them to weather that much more than other oil producing countries do, which is much more problematic and could lead to a potential skirmish down the road. it's a supply/demand balance that could be rectified sometime in 2016, likely the second half more than the first. the fact is even though there is an abundance of supply and saudi arabia is squeezing out or attempting to the marginal oil producers, demand is increasing. both oecd and non-oecd demand is growing. it's not growing swiftly but it's growing nonetheless. that could catch up if we see continued production declines, particularly in shale back. >> got to go, guys. kevin o'leary, mark mashini,

always good to see you as well. i learned this revamping of the saudi economy, the task has been given to a deputy crown prince. i had no idea there was a deputy crown prince. >> i think there are a lot of them. aren't there? >> i think so. there are a bunch of them. >> weird title to have. >> it would seem strange. the u.n. security council is voting to step up efforts to choke isis's money supply. but while world leaders reached a unanimous decision, congress cannot agree on who should lead that effort here in the united states. his nomination has been blocked for 200 days. we'll go behind that roadblock coming up later. carmax stock getting hard today, down 6-1/2%.

carmax stock falling hard on an earnings miss. but there is more to this decline than meets the eye. bob pasani has details. >> what's important here, new car sales have been fabulous. we've been talking about huge numbers, potentially record numbers. and yet carmax reports numbers that are little weaker than expected. and it's not in the new cars. it's in the used cars that's going on. 0.8% decline in used car sales.

what's happened is new car sales have been strong, we all know that. due to low rates, aggressive leasing promotions, the used and new car people have been so successful pulling away from the used car business. so this is really good news. great deals on cars, great deals for the consumer out there because the leasing promotions are really strong. but bad news for carmax because there's not as much out there for them to buy. lack of supply a big issue for them. carmax down 11% for the year. we've got all these great new car sales numbers and the auto companies aren't really doing much. and these guys have 4% yields, ford and gm, 4% yields right now. none of these stocks are expensive on any stretch of the imagination. we got the a new deal with the uaw, with ford that may have weighed on things, there have been a few recalls with general motors this year. but by and large the great news in auto isn't translating into an auto stocks that much, a

little bit of a disappointment. >> bob mentions the heavy lease promotions, low rates, low gas prices pushing the consumer into the new car market. so do you wait three years until lease cycle ends? that's how long a lease is to get into a stock like that. >> it's a prosperity thing for the industry as a whole. the average age of a car on the roads remains very elevated. so you have this replacement cycle but maybe you're replacing a pretty old car. i don't know if this is maybe for carmax specifically kind of a glitch, a hiccup along the way or if the cycle can kind of rescue it for a while. it doesn't seem to me like anybody but the consumer is making out that great at the moment. >> the part i find staggering is the way in america, certainly with the car industry, history always repeats itself. we're back to the aggressive financing. everybody is buying suvs and pickups in the big cars again,

price of gas has gone down. it's reinforcing bad behaviors that the u.s. car industry vowed they would get away from forever the last time there was a crisis. we're setting ourselves up for it again. >> the leasing and pricing is so attractive, that might have been an issue in stock prices overall. i'm surprised there wasn't more of a dividend play, 4.2%. >> some of the people in the industry are saying that that's kind of where gas savings are going. if you're going to have a little more room in the monthly budget and are in the running for a new car, the leasing terms are very generous, so you're buying more car. it's not necessarily like you have the cash to go next month to spend on something else. >> it's stunning to see how quickly consumers respond to fallen gas prices in buying a hummer or a jeep or a big car. it's like a weak turnaround. it's almost instantaneous. >> you're seeing a lot of them on the road, certainly the gas guzzlers are big.

>> they're big sellers for ford. the f-150 pickup trucks. >> i hear there are some great deals on volkswagen diesels too. >> ouch. time for an nbc news update with sue herera. >> president obama holds his end of year news conference. he portrayed 2015 as one of significant progress for his agenda, pointing to diplomacy with iran and cuba, and also the asia pacific trade agreement as big wins for his administration. he said he plans to do much more in 2016. senate majority leader mitch mcconnell is holding his own end of year news conference. he called the $1.1 trillion spending bill the senate passed today a major accomplishment and said the senate is back on track. chicago police officer jason van dyke appearing in court today. it's first time he's facing a judge since he was formally indicted on six counts of murder in the killing of teenager laquan mcdonald. his attorney confirming van dyke will ask for a change of venue

for his trial. pope francis visiting a new homeless shelter in rome, opening a special holy door of charity. it's designed to emphasize the importance of charitable mercy in the life of the catholic church. back to you guys. have a great weekend. >> thank you, sue, you too, thanks. still looming in the back of everyone's mind is the increasing threat of terrorism in this country. >> the treasury department is on the front lines of trying to stop isis. but congress has been slowing down the efforts of secretary jack lu's team. we'll explain when we come back.

weak services, pmi this morning, price of oil really moved the market yet again today. dow ended down more than 2%, s&p down 1.5%. doesn't quite set us up for that santa claus rally next week. but perhaps it could.

>> as mike santelli will point out, the santa claus rally is between christmas and new year's. >> but this is the point where you start to see some strength. small caps outperformed. people will talk about how this is an okay setup to have a bounce if nothing else next week. >> guy laughed at me when i asked about a santa claus rally. >> you did shake him up a little bit. >> i did. nothing rattles markets more than the potential of terrorism. treasury secretary jack lew has been stymied by congress this year. his anti-isis plans have been blocked and he expresses his displeasure about that on msnbc's "morning joe" this morning. >> he's respected by republicans and democrats alike for being the expert who has designed so much of our sanctions efforts. congress has to get beyond

politics and move a nominee that needs all the tools at his disposal to fight terror. >> joining us now for their take on the treasury department's antiterror effort is cnbc senior contributor larry custody low and cnbc contributor barney frank. gentlemen, thanks to both of you for being with us on a friday afternoon. >> hi, guys. >> barney, it sounds great in theory to cut off the financing source for isis. the u.n. has said this is the direction the world needs to go, it needs to get the middle east on track with this, and of course we have the defense secretary in the middle east saying exactly this. but how easy is this in practice, to implement this on the ground? >> oh, it's very hard. in fact, one of the problems i have, frankly, with all analyses of policy, whether it's republican, democrat, congress, or the president, nobody ever gives the degree of difficulty. in fact almost by definition,

things that are going to be discussed widely are difficult. i am troubled by this holdup of a nomination on two grounds. first, i'm very proud of the role that i was able to play when i became chairman of the financial services committee which in the house has jurisdiction over much of this, over the banking system, working with the bush administration very closely. we put into place sanctions that i think have been very helpful with regard to iran. so i hate to see partisanship interfering with what has been a generally cooperative effort on sanctions. secondly, and here my criticism is bipartisan, both republican and democratic senators have wildly abused the rules and the confirmation process. you have the situation of holds where a single senator can put a hold on a nomination and keep them from coming up, not necessarily because he or she opposes the nominee, but because they have some other policy angle they're trying to push. they need to change the rules. a presidential nominee deserves

to be voted on. if people think he or she is unfit, you vote them down. this business of holding nominees hostage and not voting at all is unfair and it is destabilize to go the policy. >> larry, what would be the motivation? the president and secretary lew are saying republicans are stonewalling here because adam zubin's nomination has been held up for 200 days to be undersecretary to combat terrorism, undersecretary of treasury. what would be the motivation other than just pure politics? >> i don't know what the motivation is. i would agree with barney frank that the confirmation process needs some changing, overall. i agree with that. but look, mr. zubin has been in office. he's been the acting undersecretary. so that's kind of a straw horse. the issue is, with respect to isis financing, why hasn't the united states unleashed our military to bomb all the oil trucks, all the oil supply trucks? now, that may have changed very recently.

but up to now, what we've heard is no bombing of the oil trucks because, a, the driver is a civilian, by the way you can bet he's an isis civilian, and therefore it's collateral damage, and b, bombing the oil trucks will release carbon emissions into the air and create global warming. so their biggest source of funding has been through oil. and we have not allowed our military to go after every single oil truck, every single supply truck, on both sides of the border, by the way, including the turkish side. and we should do that, okay? that will knock a billion dollars right out from under isis funding. >> barney? >> well, i am in favor of bombing the oil trucks with one possible difference here. one of the things, i thought jeb bush, frankly, had his best day at the debate the other day when i talked about the importance of trying to build up relations with sunni atiorabs, because yoo need a sunni force to fight

these butchers, these extreme radical terrorists, and you're not going to have that if you're fighting with sunni populations. so i think that having -- taking action in turkey, bombing in turkey without some permission there would be a problem. i have to go back again on the syria issue. i think one of the great unfairnesses has been this persistent criticism of president obama because he said he would bomb syria if they used gas and then didn't do it. people leave out the fact that he asked congress for permission, many people feel it's important to have that, and the congress refused to do it. so here the president is being attacked for abiding by a policy that many of us thought was a good idea, which is that you engage and involve congress in doing this. but specifically at this point, bombing turkey without turkish permission would seem to me to have some counterproductive

elements. >> i'm not saying bomb turkey. i'm saying if the oil trucks get over the border -- >> but you're bombing in turkey, larry. >> i understand that. >> you don't think it's bombing turkey, but turkey does. >> it's called hot pursuit. but we don't bomb the oil trucks on the iraqi side or the syrian side. >> i agree with you on that. >> i know you do. >> i just think, however, you may not think that bombing oil trucks in turkey is bombing turkey, but turkey does. >> the president's sunday night address did ask congress for continued military force. >> i agree with barney on this important point. there should have been a war resolution from the u.s. congress, absolutely. he is 100% right. and i don't know why the republican party has not gone down this route, all right? big mistake. and i think the chairmchairman 100% correct.

however, the obama administration has undercut their own credibility by not getting a war resolution from nato, by not getting the war resolution on isis from the u.n., and by not convening a conference, and here i think i agree with barney again, all the sunni arab tribes, countries that are our allies, we should have called an emergency conference to get ready to invade iraq and syria, isis land. that we should do also. >> all right. >> let's be tough. let's declare war and get the job done. this is a wartime situation but we're not acting like warriors. >> i've got to go at this point. we'll leave it there where you guys are agreeing. a rare moment here. >> we may talk ourselves out of a job here by agreeing. >> trust me, we'll have you back, don't worry, we'll find other contentious issues. that's easy to do. see you later. >> next time we'll have to talk about larry's changed stance on immigration, we didn't even get to that. 'tis the season for holiday

shopping. along with a surging stock it may make wayfair one of the fastest growing retailers of the season. we'll talk to the ceo, next, and he has his critics.

if you think santa is being easy, think again. why do people spend big bucks to

dress like st. nick? >> courtney reagan has more. i hope our kids at home are not watching this. >> reporter: well, kayla, everyone knows there's only one real santa claus. but everyone also knows that evaluated many helpers, at malls, parties, and parades. all of those helpers don't just support the big guy in the red suit, but the entire economy around the business of santa too. st. nick is the patron saint of the commercialization of christmas. yes, santa brings happiness and hope to children and families, but he also brings traffic and in some cases revenue. there's a lot of investment that goes into the job, especially that famous red suit. >> mine are all custom made. and they run anywhere from 1500 to $2,000. >> the beard, wig, and mustache, that's about $1500. >> reporter: if it's a real beard, grooming costs $100 per month. plus the boots, the gloves, oh, and santa school.

that starts around $400. for the nonprofits, many of santa's helpers are paid between 30 and a couple of hundred backs an hour. others donate their time. there is a santa university here at this mall. there are multi-year contracts employing over 4,000 people this year at nearly 300 venues. their sales have grown by 50% in the past five years. all of the malls we contacted declined to comment, but i-play america says santa drives 15% of its business during the holidays. walmart hass santas in 3600 stores this year. they tell us many shoppers plan their trips based on seeing santa claus. that's the one thing you can't do online. >> if it's all about an experience seeing santa has to top the list of those

experiences that people will go to the mall for. courtney, thanks. while you won't be able to take a picture with santa, wayfair, the online home furnishings retailer, has been one of the fastest growing e commerce sites in recent years, up about 150% since then. >> even in the past month that stock has been climbing, after the company announced record growth for sales during the black friday and cyber monday weekend. with us now for more on the holiday rail trends, the ceo of wayfair. good to see you, welcome back. >> thanks for having me. >> why did you see that kind of growth that particular weekend? we've been talking about the diffusion of sales away from black friday and cyber monday. people can go online any time they want. why did you see growth there, do you think? >> i think a few things are happening that are really driving this growth. one you saw was that black

friday, which obviously is a huge day at brick and mortar retail, is a day when a lot of folks decided they were better off not driving to the stores. that contributed to the five-day period. cyber and cyber monday which ends the weekend is the biggest day of the year in e commerce. so when you add it up, for us, what we saw was the growth in our direct business which was 91% and we saw that accelerate nicely. >> help us understand the general theme of retail and shopping going into the new year. because where e-tailing is concerned, we make generalizations with headlines, like one king's lane doing layoffs and guilt group selling itself. how is your business different from what they are going through? >> thanks, kelly. i think that is a really important point to make. and the real challenge online is that it is a very competitive market. and so whatever online product you look at, there is typically

a big winner in the category. so streaming video services, if you have only one subscription, it is netflix. they are the big winner. when you think about home, furniture and decor and the categories we sell online, we think we are actually doing a good job. we think we're winning. and that is why we're taking so much share. >> i have to ask you, because there have been some very vocal investors taking about wayfair as a potential short opportunity, 55% of your shares are on borrow. what would you say to people betting against your company and why they're wrong? >> specially whitney tollson. >> anyone is welcome to buy our stock. anyone is welcome to sell our stock. i think high-growth companies are misunderstand. he was well-known for shorting tesla and google and they've continued on to great success. the biggest thing misunderstood about wayfair is the home goods category is a relatively unique

category in that it is nonbranded and visual browse and finding unique items. gret selection and in a category challenging with that is letting us take share. and unless you think about the nuances of the category and look deeply at what we are doing, you might think it is the same as selling batteries or paper towels or what not online. >> the stock chart for the year speaks for itself. it is a busy time for you. so we'll let you go. >> thank you for having me. >> the ceo of wayfair. >> a volatile week for stocks. we'll tell but it next. >> and we told the story of the recommending an 700, the iconic rifle linked to accidental misfiring and some two dozen deaths. well the investigation continues in the latest installment of gun fight. remmington under fire premiering right here on sunday night on cnbc.

jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. ashley bryant, you are a teacher of small children. that's right.

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all right. red across the board for stocks today. dominic chu joins us to wrap up notable choosers. >> good morning, or good afternoon. the russell 2,000.

small cap stocks, third consecutive negative week for the first time since january. so a long time since we've seen this kind of weakness out of small caps. shares of twitter set an all-time low closing twice. 22.99, a long time from the all time closing high in 2013, at $73 stock back then. remember twitter priced the ipo at $26 a share so we are well below that. and it might have been across the board but one stand-out stock that managed to hit a 52-week high and that is red hat, the cloud software company earning closing the day up over 3%. kayla, back over to you. >> dom, have a great weekend. up next, how you should be positioning for next week and what to watch, up next. now more than ever america's electricity comes from cleaner- burning natural gas.

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we're almost wrapping up here. next week, what do you think? >> well with any luck, we'll be able to look at the domestic economic numbers for november that come through next week. personal spending and durable goods. hopefully they start to matter. >> do we hear jingle bells. >> i tell people don't think

about the santa claus rally, have a drink and think what will the world look like six months or a year from now and invest on that basis. >> what is your guy adami cocktail. >> it is called the iron man but i'll get guy find out about that coming up on twitter. that does it for "closing bell." "fast money" up next. and "fast money" does start right now. live from the nasdaq market site overlooking times square, i'm melissa lee. your traders on the desk are tim, steve, dan and guy adami. tonight on "fast," a great rotation that could stop the bleeding. a special report on where to put your money to work right now. and the force is breaking records. but shares of disney are having the worst day since the collapse back in august. we'll tell you what it is that has investors feeling the dark side. and later, can't take the heat. how to protect your portfolio for less than $5. but