david: by the way, we want to look at rates which are up about 5% today. there is a little move, a little move whether the rates will go up regardless of what the fed decides to do. [closing bell ringing] meanwhile only the nasdaq is in the red today. all the other indices are in the green. we're hearing a big cheer, folks, for the dow 18,000. all the indices are in high territory. the question whether they have popped off. whether this is now if we have to look at correction. we have it all covered. "after the bell" starts right now. david: get right to today's big market action. we have alan lancz of alan lancz and associates. he says it is time to buy energy. tim says, international markets in 2015. chris robinson in the pits of

cme. nicole petallides is still with us as well. chris, start with you at the cme. do we still have to hedge against some kind of correction, some kind of five or 10% pullback for this market? >> yeah, that is the old expression. when everybody is looking up it is time to look down. not that long ago we were down to 16,100. that is 10% correction. we could absolutely see that type of move again. those are two numbers i look at, 17,000, excuse me, 10% is 16, two. that would be in the realm of market volatility some that would not that be that exceptional to see. so, but it's nice. nice we got to 18,000 print. david: sure is. >> now we'll see if the s&p can get the 2100 print. it will be onward and upward. for the year looks like s&p will be up almost 13%. 12.75% if we settle here right now. so a continued good showing.

if everybody likes the strong performance in the gdp, people thought it wouldn't be that high. tracy: right. >> when everybody is looking up it is type to look down and maybe do some hedging. tracy: that's for sure. tim, i will toss it to you. a lot of people say 18,000 is psychological, doesn't mean much, man it gets people going and excited. will this continue into sift 2015. >> we think it will. there are still couple things going for the market. obviously the economy is very strong. the odds united states are going to dip into recession which is one thing that could derail the markets from moving higher, there is very, very low possibility that the u.s. is going into recession for next year. interest rates are very low. much corporate earnings are very high. as long as there is not a viable alternative to socks and roughly 6% in earnings that they're generating right now, we feel like stocks will do relatively well next year. david: guys, i have some breaking news here.

i have to break in. sony apparently has been exploring the sale of its music publishing unit. this we find out bass of those leaked emails. we had news sony would go ahead and release the movie "the interview" despite all the problems they had with threats and so forth. now some of the material that has been leaked as a result of hacks into sony es inner sanctum does reveal they were thinking of selling their music publishing unit for 1.5 billion to $2 billion. alan, i throw it back to you. everybody is worried about a black swan when they see the market up this high. that is only thing at that could derail it or a recession. could this hacking material be one of those black swans. >> it could, david, if it escalates. what you will probably see more rotational, sector correction as far as that bows. so basically, energy where was

one of leading sectors this summer and taking it on the chin, we've been taking profits in health care and utilities. both are up 23 and 27% respectively and i think there is risk in those two sectors and putting money into sectors that have lower expectation i see that more of a risk in the market than a black swan at this stage. tracy: nicole, you're down there with these buys every day, what are they saying? are they saying 18,000 is purely psychological or does this number have some backing to it? >> basics are you have very accommodative fed. there is backing to this, no doubt. you have accommodative fed and business fun funds -- fundamentals improving. job data the best we've seen in many despite i know the fact that millions are still unemployed. you have gasoline at these lows we've been seeing. the foundation is here pretty good for a good market. some folks like jason weisberg,

when your maitre d' asks if he should sell, by more. they are walking around with a dow 20,000 hat that he made last year. there are some people here on wall street who still remain extremely bullish. so we'll see whether or not that comes to fruition going forward. dow 18,000, record close for the dow and s&p. david: tim, for those not that comfortable with the nose bleed section where we are right now, these tremendous heights we're at, they are looking at international markets where things have been beaten down terribly and some of them perhaps have nowhere to go but up. you're looking international. where specifically are you looking? >> yeah, you're right. if you look at the u.s., we're very expensive. we're one of the most expensive markets in the world. we're that way for a reason. because of the numbers we just talked about. but internationally we're looking specifically at the small cap sector. small cap international,

diversified globally is trading at about 10% discount to its book value. probably the most attractive asset class based on price. historically you're able to buy at these discounts which are around 30% less than what you buy a u.s. small cap for that generally is outperformance moving forward. while u.s. will do well, international will probably do even better especially in the small cap area. tracy: alan, i know you were a little early on your energy call but now are you thinking that people should start to nibble back in? >> yeah, i mean, we suggested, as far as buying energy into weakness and it is up about 10%. so we wouldn't chase it. i think tracy, you will get another chance to buy into a panic selloff. so again, we would rather buy energy into a big selloff like what we saw a few weeks ago rather than chasing it after it has been up 10%.

i think energy will replace some utilities as far as yieldwise of. that is why we like energy, industrials, some of the underperforming sectors as poe es opposed to sectors that have done so well. >> we look for signals that the market might top out. so far the signals are wrong. people like permabears like todd horowitz who have been bears unfortunately for their sakes, when even permabears start to put money in the market is that a sign to get out perhaps? >> yeah i would say so. it is kind of perverse nature of markets. when the last bear gets long that is usually time to be heading for the exits unfortunately. doesn't matter if you're looking at any market, corn, wheat, beans, the stock market. the last person that has been bearish is long, he is throwing in the towel, that is usually sign of near-term top. look at where we were.

low of '09 left a mark on people. david: have you seen, chris, have you seen permabears jumping into the market now. >> no. you're still, everything we look at and read every day, guys are saying just wait, just wait, just wait. i think when that, sentiment flips, also too we'll have to watch to see what the sentiment is for money managers. if these guys get bulled up there is a lot of money to be put to use. that is the thing. you have to watch the money flow and also have to watch and see how much hedgingis getting done. watch volume in the s&p puts. i think that will be a key to look and see if it gets toppy. nobody will pick the top. nobody, if they pick the top it will be by accident. certainly -- >> dollar-cost averaging. >> right. if you're worried it will go down, if you can't stomach a 900-point move or 1800-point move in the dow you need to do some hedging. you need to do the hedging. tracy: or take dramamine.

it will be pretty volatile ride. thank you all. nicole petallides on floor and chris robinson at cme. such great gdp numbers in the morning with a stock market that won't just quit. could this change the fed's timeline when to change rates? david: with us john hills send rath chief did, jon hilsenrath chief economics correspondent with the "wall street journal" looks like the fed is running out of excuses more zero rates, isn't it? >> they have a pretty big excuse that inflation is so low. hour 1/2 after those gdp numbers came out, the commerce department put out number, core inflation which takes out core food and energy numbers, ticked down last month. the challenge the fed has right now do they look through the soft inflation numbers and stay with the plan of raising rates around the middle of next year? i kind of think they balance out and they stay on course and looking towards the middle of

next year. the other thing i would say, let's not forget, the fed raised rates all through the 2,000s, from 2004 through 2007. and the markets still went up and long-term interest rates didn't move. so the fed could start raising rates next year. we could still have very low borrowing rates for things like mortgages and car loans. tracy: john, exactly where i was going to go with all this. think we're all making way too much out of interest rate increase. people won't duck into the basement and lock the door. it will be decimals. do you really think the economy will budge if that happens? that is yellen probably calling. >> yeah, janet yellen. i think it is my mother-in-law telling me to straighten my tie. no, you know, i think you make a very fair point, which is you know, the fed has raised interest rates before and there was very little movement in the long term rate markets and we could, and other thing we have

to remember is that when they finally get around to this, we will have spent at least a year talking about it. this will not be a surprise when it happens. david: jon, we were, "wall street journal" i believe had a piece today talking about all the experiments all around the world all central banks. add up all the cash created not only by fed, japan, europe, et cetera, it comes up to about $17 trillion around the world has been added to capital, to the cash out there. >> yeah. david: isn't there a cost eventually to be paid for this? obviously it is not happened yet in terms of inflation. is there any other costs? could that be somehow related to slow growth that the world has been seeing? >> let me say two things. first of all, as far as the 17 trillion number, i can't speak to. that i know the fed's balance sheet went to 4 1/2 trillion. i haven't added everything else up. if you look at what all the other central banks are doing i

think there is very important implication for u.s. markets next year. if the ecb, the european central bank and bank of japan are doing more of this stuff, printing more money and fed is pulling back you could see a lot of investment flows going out of europe and japan and into the united states. that potentially has making for asset boom, call it an asset bubble here in the u.s. david: good point. >> that will be important part of the discussion next year. the u.s. dollar is getting stronger. that tells me asset flows, let's not forget about china either. they're coming out of those places, could be going into u.s. markets. 18,000 today. who knows where we'll be in december 5th fifth. tracy: you mcgreat points. your tie is straight if that was your mother-in-law. jon hilsenrath, thank you very much. david: if that was janet yellen he just miss ad story. that is the problem. >> i'll be right back after i learn something. david: the other big story we've been following today, is sony's change. company announcing the interview

will have theatrical release on christmas day. tracy: we to know what do you think? what was behind the sudden decision by sony? was it pressure from theaters or the government? tweet us @fbnatb, your answers coming up. david: while the markets are at record highs the average american still isn't getting richer. in fact average household net worth is down since 2010. and our debt is rising. why the disparity and how can we fix it? tracy: from alibaba to gopro it was a huge year for ipos with 303 companies going public. that is the biggest amount since 2007. we will see another big year in 2015? will we? what name should be on your radar? we'll find out. david: we'll let gdp growth we saw today keep up in this market in 2015. also opec seems to be playing a game of poker saying they will pump more oil even if it goes down to $20 a bear. will the u.s. call their bluff?

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david: stocks continue to climb to new records with the dow topping 18,000 for the first

time as 2014 proves to be another great year for equity investors. why hasn't this translated to full economic recovery for the average american? joining us david weidner, market watch wall street columnist wrote a piece about this was quite good. david, thanks for coming in. america's net income, net worth, is down 2% since 2010. so they're not feeling any of this because most of them, most americans, are no longer in the stock market, correct? >> that's true. you know since of course the financial crisis and the great recession and the big collapse in equities back in 2008-2009, the investors haven't come back. you have had some gets on, just in the last after hour that have pointed to that fact. right now we're looking 45% participation of regular americans through 401(k)s or direct ownership. when you really cut it down to that direct ownership number, where people own individual

stocks, that number is really, it is under 20%. the number i saw was 16% the mows recent figure. david: wow, i didn't know it was that low. >> that is really startling. that is like 1960s levels. we lost a lot of regular people going out and investing. >> people are spooked. the point is, when people have enough money to put away some savings, they don't put it into the stock market. they put it in their savings account. and you can't make any money. as we just mentioned with jon hilsenrath, as low as inflation is, interest rates are lower. so you're losing money if you're saving it. >> that's right. why we're seeing that household net worth number, basically be stagnant. i know it has gone down a little bit over last couple years. there was a good recovery in the previous two years before 2010. but really that number has been stagnant. when you throw in the fact that wages are increasing. they're basically holding on, to

level of inflation which we know is low, we're just not seeing movement when it comes to people building a nest egg. david: with the gdp, even know though the gdp figure was really good today, the average american, their net worth is down how can the fed possibly avoid being seen as just helping out rich people? >> that is a great question, david. something has to budge here. whatever the decisionmakers at the fed do, they need to, look they will see the 5% gdp number and they have to move with something. they need to enact -- we need to see this translate, most americans are saying all right, that's a great number. let's see this translate into higher-paying jobs. we've talked about a jobs created this year and president taking credit but reality they are retail jobs and restaurant jobs. >> right. >> they're low-wage jobs.

they're service industry jobs. that has been the bulk of them. what we haven't seen come back is a lot of construction jobs. a lot of manufacturing jobs. reality, that the job quality of the jobs being created needs to come up a little bit. david: well reality is, as long as the fed keeps zero interest rates going, savers in america are getting screwed. david weidner, good stuff. appreciate you coming in. >> thanks, david. david: thank you very much. tracy over to you. tracy: david, opec says it won't cut production even if oil hits $20 a barrel. is this a bad bluff though? will the u.s. call them on it? plus institute of highway safety announced lineup of safe heft cars of 2015. we have winners and losers for you. speaking of cars, one of the iconic white ferraris featured on "miami vice" is up for sale. it will cost you a pretty penny. will we get white shoes to go with it? details ahead.

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tracy: time for a look at today's market drives. record day on wall street. dow, s&p 500, hitting all-time highs. the dow crossing above that 18,000 mark for the first time ever. health care was the only sector ebbing in the red. final gdp reading for third quarter coming in at 5%. that is the fastest growth rate for the u.s. economy in 11 whopping years. durable goods orders in the u.s. unexpectedly fell by .7 of a percent in november. this is the third decline in the past four months. people are not buying washing machines, dave. >> well, as we mentioned a record day on wall street. will the rally keep up its pace or will profit-taking prevail in the coming week? let's bring in our panel, john tamny, real clear markets editor, larry shover, sfg alternative cio, and tracy byrnes with us in studio still. john, a lot of people are wondering whether this rally is

for real or whether it is a market bubble. what do you think? >> well if you show me an end to the fed's quantitative easing burden that was not good for the stock market, if you also show me gridlock in washington and give me a strong dollar, i will always give you a bull market. and the question is will this go into the future? economies naturally grow if left alone. so if washington stays relatively benign we'll see more economic growth and this will reflect in the stock market. david: all right. larry, what do you think? >> i certainly think the market will continually grind higher. the domestic landscape is good. i fully acknowledge disinflation but the core numbers are still very sturdy. monetary policy around the world is diverging but very accommodative. corporate health is still decent. we're seeing share buybacks. corporate valuations continue to move higher. all is a green light with me. david: tracy, when they do start raising those rates, does that

mean at that point we begin to see this bubble pop? tracy: i think we were talking about it with jon hilsenrath earlier. we've been talking about a year already when they finally pull the trigger and do something and it will be so minimal that i don't think it will have such an effect on the economy everyone is worried about it. david: john, you're not a big fan of the federal reserve. i know that. don't you think they're artificially pumping up this market? >> i don't think they are. the question is how much higher markets would be absent all the fed meddling. we're talking 4 trillion of it and allocated money that would be much better allocated than the fed. david: you think fed is crowding out private lending by what they're doing? >> without question, the fed does not create credit. we create credit. when central bankers move around $4 trillion they're robbing good ideas of capital. all we have to look at japan. japan at zero interest rates for decades, did nothing to the stock market. david: that's true.

>> where would we be absent the fed footprint. >> if that is our model, japan is our model, we have low growth for decade. >> oh a slobsly. it could be worse in japan. japan is a reasonable explanation, if we didn't have the fed, if we wouldn't push out the financial repression system and allow stock market risk-taking to be over who knows where we would have been. remember how dark it was in the middle early 2009. easy to look in the rear view mirror. but things were table. so they have done a fantastic job navigating without a map. david: larry, i move on to a subject near and dear to your heart. opec says they will keep pumping oil even if the price goes down to $20 a barrel. they're hoping world consumers, while severely punishing competitors and expanding market share here. larry, are they just bluffing us when they say $20 a barrel? >> yeah. i think they're being a little facetious but they do have a good history of standing back and allowing prices to

normalize. involving them with producing or not producing is very expensive and laborious endeavor. they're better off allowing market and supply overhang to rid itself which is always ends up doing. what they will do eventually take the heat off of russia and iran but right now i think they are willing to let prices continue to fall. david: tracy. tracy: david we've been talking for years whether opec is even relevant anymore, right? can they really, truly control it? i think they're nervous. they can't believe flipped this hand out in the poker game and you know what? the rest of the world is doing just fine without them. i would be surprised if they still command the power they actually think they have. david: john, clearly in november when they were pushing hard to get the price down, they pumped a lot more oil than the world needed and the price came down. i know it coincided with a rising dollar but the supply issue, saudi arabia, putting all that oil clearly affected the

price, didn't it? >> i don't think so. i think opec's role is vastly overstated. how do they explain the '80s and 90's? was opec feeling generous back then. oil was expensive in the '70s and 2,000's when we weakened dollar. we had much stronger dollar late and reflected in the price of oil. opec is irrelevant. david: good stuff, guys, i like that sony meanwhile announcing it will release the movie "the interview" in select theaters this christmas. what caused the company to change its plans? tracy: plus the insurance institute for highway safety releasing its list of the safest cars for 2015. of course our very own jeff flock will tell us the winners. david: love his stories. sony's lawyers telling twitter to suspend the account of user who posted some of the leaked files on the account. we'll speak to the twitter user who posted all the sony messages on his account. stay tuned. ♪

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david: this is fox business exclusive. sony is telling twitter to suspend the account of one of its users who posted hacked material. twitter didn't tell the user to take down the tweets but said it could not help him with legal advice against sony if it didn't do that. >> joining us exclusively is that twitter user. val brook. thanks for being with us to take

time to share your story. tell us who did you hear from first? was it sony's attorney david boies or was it twitter? >> well, who is this, david and trace is right? hey, guys. i first heard twitter, account was suspended, thursday, friday for about 24 hours. and then sunday night i got that email, that email, whatever was from david boies. >> what did david boies tell you exactly, val? >> he said, you know, stop tweeting or we're going to come over and kill your hard drive and bury it underground and beat it with a baseball bat. it was silly. >> but, i mean, you're getting a lot of response on twitter. a lot of your fans out there, or your followers i should say, what about freedom of speech? what about first amendmentment rights? what do you say to all that? >> i don't know. look, i'm a musician. i was making music. i tout i would take a break from recording. been doing this forever and do some tweets and i didn't mean,

i'm not like political. i'm a musician for god's sakes. tracy: how did you get it then? how did you get even the hacked documents if you're a musician? what do you play, by the way? >> i play guitar, sometimes base and drums. i've been recording forever. and i, want to take a break. so silly. i had this stuff, again i had nothing to do one day. i saw the hack. i saw the link on the sony screens. i sorry, i got nothing to do. why don't i figure out, email this link and see what is going on. i thought everybody did that. david: did you think, val, though, when you were involved in this, that perhaps it might be against the law? that maybe because of the fact that these were stolen documents, who knows whether it was north korea or whomever it was, somebody hacked into sony to get this stuff and that you were passing on stolen material? >> you know, i don't know about that. i first of all, i'm pretty sure

it is not north korea. david: hold on, what makes you think it is not north korea? >> oh, well, you look, there is emails from, that i saw in the in box of linton from the hackers, that, all they wanted originally was just money. it was like a shakedown. give us money or we'll hack your system. al of a sudden it got silly. they were called god's apostles originally. not gop. david: you think it was a shakedown north korea had nothing to do with it. >> that is what they said in the email. i saw it. posted it on my twitter feed. tracy: there is a lot of sufficient on your twitter feed. a lot of people responded to this. makes you think twice next time you're out taking a break from playing. next time you get your hands on something like this, would you keep spreading information? >> you what you guys don't know,

because, i gave it to the press right away. what am i going to do with this stuff. as soon as they send it to me or gave it the link i gave it directly to the press. it wasn't like two weeks after it has been reported on did i started tweeting. i didn't even know it was going on. david: how could david boies say you were breaking the law if in fact you were dealing with law enforcement. >> dude, i don't know! david: seems like somebody is trying to make you the fall guy, doesn't it, val? >> a little it about, yeah. david: are you, have you lawyered up? have you got a lawyer now? >> a lawyer? you are you kidding me? i'm outside smoking a cigarette. i don't own anything. tracy: i think, that you should take the seriously because these guys are not screwing around as much as i know you didn't mean to create this total, total mess in your own life but, you should think about getting a lawyer, no? >> probably, yeah. hey, any lawyers out there, call me. you know. yeah, you know.

i may have, may not be screwing around but they screwed up because this is ridiculous. this is absurd to come after me. if they come after me, they come after you for anything. they're going to be telling you to stop talking about sony, who knows. this is silly. david: val, please stay in touch with us. we want to know how this shakes out. thanks very much for calling. >> thanks, man. >> thank you so much. david, isn't that the point, right? people will be afraid to put anything out there. you're afraid of a shakedown. david: they are. although today sony made its moved and announced they would put "the view" -- the interview out there. we're back with tracy, john tammy and larry shover. i want to go to larry on this. do you think first of all, that guy who dealt with this stuff and put it out there, we were just talking to, does he have any culpability here? is he liable for getting sued

from david boies or anybody else. >> i'm not an attorney. realize because he doesn't have an attorney, they do, they will find a way to prosecute him or find something wrong. david: even though he is the fall guy. >> exercising his free speech. david: more than that, it just appears they're looking for a fall guy. you know how whom wood is. they're pointing fingers like this. here is one independent musician who decide to do this in his spare time. looks like they picked him, john tamny as a fall guy. >> my guess they want to move on from this. ultimately they have got shareholders. they have amazing publicity for a movie with really bad reviews. they want to get this released and move on. tracy: i would like to say the media has to take credit for this release, quite frankly, because we put a lot of pressure on sony for caving, for not putting it out there. i hope people go see it. david: well, larry one person that didn't show a lot of, one group of people that didn't show a lot of courage were hollywood

insiders who george clooney tried to organize to take a stand against what was happening, against the terrorists leverage that north korea or whomever it was trying to use. he couldn't get one individual inside of hollywood, not one producer, not one actor to sign this letter he put together. that was pretty disgraceful, wasn't isn't. >> yeah. you know, just almost uncalled for. it is too bad. this comradery they're all supposed to have in the industry of entertainment, yet they can't get any solidarity around something really was a big issue this time last week. face it, it really was a lot of unknowns. yeah, it was tragic he couldn't get any kind of solidarity. david: on the other hand, john, listening to this guy, val, he doesn't think it was the north koreans. he thinks it was a simple shakedown. people wanted to make it appear it was north koreans. so seems like something it wasn't. do you think there is truth to val's story?

>> i think there is. the idea that a backwards country like north korea could do this to sony, didn't make sense. what a great idea. and hack into the company's emails and say we're terrorists and say we could stop commerce. it was a great ploy but they shouldn't fallen for it. david: interesting theory. it is just a theory. we don't know whether val is right. but val, you heard it here, he said in fact he does not think north korea was involved. that it was a simple shakedown situation. john, larry, thank you very much. do you think it was a shakedown? tracy: i don't know but i do think someone should get in touch with val and find out a little bit more what he knows. david: i think you're right. i think you're absolutely right. what dowhat do you think? what was behind sony's decision. send us a message or facebook us or tweet us @fbnatb your answers coming up. tracy: entirely different note, if you're looking to buy a new car next year, you want to listen up. the institute for highway safety just released its list of the

safest cars for 2015. david: jeff flock has the all the details. jeff? >> do you believe despite all the recalls, cars are safer, at least ones they're making now, at least what the ihs says, a total of 79 cars have actually made, 71, excuse me. last year it was 39. this year 79 cars make its best of list. the only bad news, not too many of them came from detroit. the only one that made its highest priority, most safe car list, what do you think that was? it was the chrysler 200 actually. that is the one from detroit that made the top list. it is also interesting to me to see some of the cars that made it and didn't make it. for example on the mid-size and compact section the camry, for example, the toyota camry, yes, that made it. what didn't? the chevy very cruise did not make it actually. -- chevy cruise.

luxury category, mercedes or bmw. [mercedes e class made the list and bmw 5 series did not. here is one for you. take a guess, the dodge dart, what do you think, was it a safety pick or not? it has gotten a lot of criticism. what do you think? david: i can't imagine it being but maybe i'm wrong, i don't know. >> you are wrong because the dodge dart actually did. it was only one of two chrysler products that made the list. tracy: wow! >> the dart compact. redesigned. there you go. david: making bet cars out there, no doubt. >> they are making better cars. they don't make any bad cars anymore. they make cars that cost too much. david: i'm sure there are one or two out there. generally speaking you're right. tracy: they just recall them if they're bad. >> we'll fix them for you. no big deal. just bring them back. david: thank you, jeff. >> see you, guys. tracy: hard to forget the day alibaba went public, mark asking the the biggest ipo ever. we'll look back at this year's

biggest ipos and what you need to know from the ipo market for the new year. david: a blast from the past. one of the iconic ferraris featured on the "miami vice" tv show is up for sale. we'll tell you how much it will cost to you get your hands on this hot rod. thanks.

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david: the iconic white "miami vice" 1986 ferrari is up for sale on ebay. two different cars were used in filming of series, originally driven on screen primarily by don john character, james son any crockett. remember that? the car's current owner, told foxnews.com he bought it three years ago after it was sitting in a garage number of years. the asking price? 1. rap $000,000. that is not too bad i guess if you have the money. >> i guess. new report from pricewaterhousecoopers says 2014 represents the most active environment for new offerings in seven years. so what can we expect from the ipo market in the new year? david: joining us is pricewaterhousecoopers deals partner and u.s. capital markets leader. 2014 was an unbelievable year. of course whenever the market goes high people try to get an ipo to take advantage of that, of money flowing into the market. is 2015 going to be anywhere near as good as this year was?

>> 2014 was great. 300 ipos, about 90 billion raised in capital. so phenomenal year coming off of a couple of good years with momentum bidding up. we see the pipeline being very, very strong. the fundamentals of '14 were great. a lot of different sectors, technology, health care, big ipos, biotech ipos and the pipeline looks real good. tracy: neil, is it good because everyone is rushing to get in under the gun before rates go up? right now you can borrow money for almost nothing? >> that is a great question, tracy. there is lot of enthusiasm to get after yield because interest rates are so low. ipos are a bit more of a riskier asset. even within ipos, sectors a little higher on the risk curve are ones generating higher yields. there is a lot of money on the sidelines. david: you mentions biotech. one of the most exciting things i can think of, everybody has experience with cancer. there are all advances in

genetic testing for cancer, treating it in different ways, i would think that is one area where biotech would stand to make tremendous advances of because of an ipo because of availability of all the capital? >> for those companies to grow obviously capitol is critical. ipos provide solid growth as do other mechanisms but we see biotech, technology, again, the ones a little higher on the risk profile generating a lot of attention going into 2015. tracy: how dot banks play into all this? we already hear banks are out there vying for the uber-ipo, right? there is not a lot to go around for them. they need this kind of stuff to make their numbers. >> good question. again there is a lot of ipos that came into the marketplace. we'll continue to see that. there is a lot of competition out there in relation to getting right advisors to work through an ipo in relation to who will pitch the best story for you. again what we're seeing is a lot of competition and folks asking for a lost advice. david: let's talk about three.

i think we can put the charts up of alibaba, facebook and twitter since their ipos. facebook and alibaba are now well above their ipo price but twitter is not. twitter is a little bit below. is that pretty much average, that one out of three ipos don't rise above their initial offering price? >> well generally speaking an ipo will right with a by of an ipo discount. what we've seen is 10 to 12% growth in eye pose in 2014. that is what we typically see in relation to the ipo discount. david: not the kind of thing where you can lose because some do. >> absolutely. we see today is amount of diligence that goes into the ipo. looking at assessing management and regulatory process. there is a lost diligence. tracy: we have to jump but what is the ipo you're most excited about for 2015. >> ipos in the technology and

health care sectors will be great. tracy: ferrari potentially. how about that? david: pricewaterhousecoopers, thank you very much for being here. appreciate it. >> thanks, guys. david: tomorrow is christmas eve. what market moving event could bring holiday cheer to your portfolio? we'll bring back larry shover for the number one thing you need to watch tomorrow. that's next. >> hi, everyone, i'm rich edson in for gerri willis. coming up on "willis report at top of the hour. great gdp number and dow flies past 18,000. but are americans satisfied with their economy? that is one of the very big stories coming up on the show in a few minutes. ♪

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rich: we have been asking on social media what do you think was behind on sony's decision to release "the interview" to theaters? spencer says pure public image. reactionary mode, not as noble as many may think. tracy: i think he is right. number one thing to watch tomorrow. we're back with larry shover. larry what are you watching for tomorrow? >> i'm watching price action in oil. not so much if it is up or down a little bit, it is the gyrations. markets don't like this volatility that we're seeing. i for one think that lower oil prices, net economic have virtue, truly is at some point needs to find a home. needs to simmer a little bit, what we're see something not good, we're seeing high volatility in emerging market

effects. we're seeing liquidity dry up a little bit. also high yield credit continues to trade poorly. so the best thing that could happen is for oil to be nice and quiet tomorrow. it might not happen given the liquidity, people not trading tomorrow. it will be very important to see what happens. rich: you know, larry having thing today, the saudis were telling us with oil going down to $20 a barrel. >> yep. >> yet oil came up in price? was that the market saying the heck with you? we don't believe you, saudis or opec? >> yeah. i think that kindergarten answer that some people end up getting short. they listened to that news and they sell it. as things go it bounces right back in their face. right now it is in the long base. it needs to find a home and think we're doing that right now. that's what happened today. tracy: what about, what about equities though, quickly, larry? people have to be in that until the end, right? we got the santa claus rally. >> absolutely. the santa claus rally.

look what happened since the middle of november, how much we bounced back. the narrative has not changed. people have to remain in the stock market to remain diversified. >> larry shover, great to see you. thanks for being here. thank you, tracy. tracy: trace i. thank you and rich edson -- rich: good evening, everyone i'm rich edson in for gerri willis. tonight the big stories that matter to you. christmas comes early to wall street as stocks hit new highs. the dow closes above 18,000 for the first time in history. plus another holiday surprise. gdp growth taking off in the third quarter, posting its best results in 11 years. will american workers finally see the economic recovery in their own wallets? we have latest coverage with scott brown, chief economist for raymond james research, klaus bell, from raymond james and david, go to you first. what does this number mean? where do we go from