russell near a record. aft the bevel starts right now. -- "after the bell" starts right now. adam: six seconds away from the closing bell with for trading sessions left in the year. looks like we will have still a record close but, with very light volume. let's get straight to today's market action. we have gary rand who says investors have great opportunity to get into one specific sector right now. kirk cabia is predicting big market drops in 2015 he will tell us why. todd horowitz at cme. nicole petallides at new york stock exchange. you're up first. tell me about it. >> it has been an exciting run obviously. we saw dow 18,000. on loud speaker michael feinstein. big picture here is 2014 really clocked in some stellar gains especially after worries we saw in october. as a matter of fact we're up

over 1800 points since our lows in the middle of october. six years in a low of gains after our great recession. it is very nice for the bulls out there. great for 401(k)s and iras. light volume as you noted. but a winning day. >> as we settle the s&p 500 looks like it is flat. not a record. we still have four trading sessions left in the day. i want to go to gary. if you want to talk about sony by the way, how can you ignore this? sony had a good day. they will show on limited edition, "the interview" and youtube and talk you can buy the film for $15. where do we go from here? if you want to work in whether we should buy sony or not, let me know. >> i think markets will be trending higher for the next four trading sessions. i think into early next year looks pretty solid too. i think on back of better economic news in the u.s. i

think better corporate earnings look in the forecast for next year. i think you could see better results in the market as well. as far as sony goes -- adam: go ahead. >> as far as sony goes, you know, i don't know much about the company. i know that they have had some difficulty of late. and the internet, internet issue was just, one of a problems there. adam: differ consults of late. the understatement of the century. i want to ask you about, i know you like to play large cap dividend going into the new year. kirk, what about you? give me example where we're headed because you're expecting a correction. >> i think it will be a reshuffling of the deck. i'm a long-term bull. i think we're in secular long bull market and i think we're in the first leg of that but we're due for correction. probably about mid-january, we'll correct and sell airlines and sell retail which have done very, very well and pick up some things where haven't done as

well i think like energy, financials, things that look very attractive for next year. i think that will be, kind of like last january, eight or 10% correction. i think bigger one will come in the spring. adam: april may? okay. >> april may, i think it will be short term. there are a lot of people that haven't bought into the recovery yet, believe it or not. i think there will be opportunity for people to buy things inexpensively. and make money. i think volatility will pick up dramatically in 2015. probably a bit more like 2011 and i think we'll be on the upside. adam: todd, you are the grinch. yes you do. are you eating garlic for lunch? >> hi, adam, how are you doing? adam: good to see you on a holiday. let me ask you, commodities have been taking a hit but seems to me kirk is expecting at least oil to start going back up, what say you? >> you know, i think the whole economy is in a big mess. i think this whole free money float that we've seen starting

even with yesterday's gdp. if we had normal interest rates no way we get to a 5% gd purchase the average american's debt load is higher today than it was in 2007. so the average american has not benefited what is going on the stock market. 401(k)s are have been great and they're going back up and we want to talk up the market. at end of the day, look at interest rates compared to valuations we continue to reduce earnings expectation so we beat those numbers but we're not seeing dynamic growth. we're not seeing a change in velocity of money. we're not seeing a lot of flow. we're seeing great balance sheets built on free money. not putting money in the company. adam: listen to the ask question i ask gary. talking about debtload of average american is somewhat misleading, that is skewed people have taken on fixed debt. we're not talking about revolving debt which has been trimmed down and allows consumers to spend freely.

you would say, what would you say to that? my criticism of what just todd said, but some large cap dividend stocks you would like? >> well, look, i think the consumer is gaining confidence in their situation. i think spend something increasing. i think the reduction in gas prices will be helpful. i think coming into next year you could see the consumer get back more involved in the economy. i think as far as large cap dividend stocks go, so what worked last year, and coming into next year? so large cap stocks are about only thing that worked in the domestic market. if you looked at small cap stocks this year it has been pretty much a disaster. >> some of the stocks you like. looking to 2015. amc who else? >> well i think could look at what has not done well of late? i think you look at biotech as an area you can get into. i think as one of the other guests mentioned, energy, i think should do well at some

point. think you have to buy as warren buffett says you have to buy when others are fearful. i think energy stocks especially and mlps especially today represent great value. combination of yield and growing distribution. i think the fundamentals look strong and i think the baby has been thrown out in the energy bath water here. adam: nicole petallides, you're in heart of it. will you let todd get away with the equity smackdown? >> the facts are the facts. we've seen improvement and up six years in a row which is great news for 401(k)s and iras. as far as economic news it is mentioned. great to get jobless claims better than expected. fewest claims in x-amount of weeks in this case. most jobs added since 1919. but same time americans are still feeling the pinch, the pain. with that you still have so many millions of americans that are still out of a job or taking a part-time job or not seeing wage growth. so that being said, you're

getting that mixed economic news. that is part of the worry. as far as the market, the traders still think the trend is your friend. we'll wait to see ultimately what the fed does in 2015. that could be market moving. adam: curt, the trend is your friend. what we've seen drive these markets up in the last week, isn't this a lot of money managers underperforming trying to boost end of the year performance to impress their clients? >> yeah. eight out of last 10 years in the month of december has been very positive. a lot of that is driven by those who have underperformed -- adam: 85% of them. >> maybe make their returns. i think that's the case but i think the economy is stronger than most people give credit for much. i can tell you here in denver, colorado, we're absolutely red hot. i think the fed is behind the curve in tightening because i'm talking to people in the construction industry can't find people to drive trucks, unload trucks, build homes. not that there is not demand. there is not a supply of labor.

and so much construction coming online in denver, civil engineering firms are being begged to bid on jobs. adam: okay. >> there is so much work out there. i think it is hotter than people think. i think 5% gdp i think we'll have corrections earlier this year. i think fed will move up the timeline and velocity of their tightening because they have to. adam: todd, i want you to respond to that and cut me down to size if you think i was wrong criticizing your debt picture. >> first of all, it may be very hot in denver but the overall country is not, overall american is still in recessionary period. we're seeing it in lack of jobs growth. we're seeing better growth but jobs are not good jobs. they're low-paying jobs. we're making less money today than in i 1999. that part is a big problem. as far as debt issue. people using more credit cards. financing revolving debt. putting themselves in position they can't get out of.

this big gas tax cut everybody is hoping to help stimulate, is helping pay their mortgage, car payment and their kid. at end of the day the middle class is still solidly in recession. adam: todd, you get final word. gary, curt, nicole, thank you very much. we'll continue. up next profiting from sony's loss. one company developed an app that sends messages which automatically self-destruct. it is launching a version for corporations. we'll talk to the ceo next. uber could be most highly anticipated ipo of 2015, if, of course, the car service up start decides to file. which banker is going to make a bundle and go the bundle go to the downside with negative publicity from uber and its executives? could someone tell these guys to stop talking? >> a partnership that could be a win for football fans. and are you better off just buying index fund?

that and more with our panel just ahead. ♪ ♪ you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here.

adam: so it was the hack attack that shook the nation. the sony cyber crisis still causing a lot of headaches for that company as we learned from

a musician val, accessing sony's emails was not as complicated as one might think. >> i had nothing to do one day. i saw the hack. i saw the link on the sony screen. sounds like. i said i got nothing to do, why don't i email this link. i thought everybody did that. adam: enter a company that began offering company messages that self-destruct soon after sending but does anything really disappear from the internet forever? joining us actually the ceo and cofounder. cofounder and president of confide, john broad. >> broad. adam: i need pronouncers today. you're a year old essentially? >> correct. adam: as i understand it, because you were profiled as part of an article in "the wall street journal" just yesterday it is a messaging service but the key here that i thought was interesting to avoid a screen grab, you have to see people, you have to put your

finger over to read it and it disappears. why do that. >> first it is end to end encrypted. after we encrypt the message, cover it over with bricks. it is fun and tactile and james bond-like. if you were to try to screen shot it and get two words of the message. we kick you out of the message and we notify the sender that a screen shot was attempted. adam: we've seen services like this in email sector but now the texting sector. it is encrypted at the start and encrypted at the end and evenly person with a key can read it. >> that's right. it looks for unique identifier in the recipient's phone. once it finds that. and covers it over for the wanding. as you decleat it is wiped clean from the phone. adam: can you send pictures or pdf files? the reason i say pictures, some go as contracts. >> it is really targeted at professional business person audience. pictures and documents come in january.

>> that is key i would think. because contracts you want to keep protected. with the sony hacks we saw discussions over contracts and got terms of contracts. >> we announced yesterday confide for business. one of the key defer ren eighttores is confide for business rather than confide for consumers you up load, pdf, power point, from dropbox and google drive. adam: dallon load or service you purchase. >> confide will be free. always free. on ios and android, download today. confide for business comes in january and charge for business features. adam: if i want confide to do this with my brother, if i want to do this with my brother, if i have it and he doesn't he won't be able to raid what i write? >> correct. you enter anyone's email address or phone number. if they're on confide they get message. if they're not, we will send email or ems you have received a confidential message from adam shapiro. click here and download to read it. >> no way to steal the key to unlock the encryption.

>> absolutely impossible. adam: i expect business skyrocketed for you. all the best. because of sony, did you hear about this? deciding it will expand its release of "the interview." the movie is now available as of right now on google play, youtube movies, microsoft xbox video as well as sony's own website. it just hit the google movie play. on the phone, benefits, writer for "the wall street journal" who has been covering this story. you can get it pretty good price. buy it for 15 bucks. rent it for 5.99. any takers yet? >> we don't know who is going, but given all the publicity surrounding the film you will see the movie doing quite well. adam: honestly, is it possible are possible for them to recoup, i was reading they would lose 80 million on the film alone. would they make a profit with this thing? >> very hard to say right now. so many factors going on. they have insurance claim with

the cyberattack. adam: right. >> playing in a few hundred theaters. all depends. i think unlikely they will make the money back. so much left to do here. hasn't come out overseas at all. i don't think sony even knows the financial picture for the film yet. adam: by very chance have we heard from the glorious lead other are -- leader or the people's republic? have they responded now that the film is out there? >> they have not yet responded today but i'm sure microsoft and google have their security people on high alert today. adam: there was concern if the movie were released and it is being released not only for people to watch at home but movie theaters to have on christmas day tomorrow, there was concern there would be another document dump, that would be worse than what we've seen. two questions, what is sony afraid of if anything? two, what could possibly be worse than we've already seen? >> at this point sony is not afraid of much more. there is so much stolen. only question when it all comes out, not if.

i don't think sony wants to act in fear of terrorists and not release the movie. it hasn't gotten them anywhere so far. there are tons of documents gotten out. adam: all of this over a movie history would have forgotten because the reviews, can i say it is crud? no, i can't say other word. benefits from the wj. i tend to see it, but reviewers say it is crud with an a you know what i mean. >> thank you. adam: facebook has been on a tear this year. it can now count the nfl as one of its newest and hardest hitting friend. uber may bes losing friends. car service experiencing major growing pains. will it hurt the lofty valuation or will they shoot themselves in the $41 billion-foot?

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adam: uber's valuation literally defying "gravity," topping 41 billion bucks. many expect the company could go public but the fight on wall street who gets to underwrite the ipo.

it has already begun. joining with us exclusive details, who else, charlie gasparino. >> end of the year. calling my banking sources. we should point out uber has not decided to go public. they may announce they're boeing public next year and go public in 2016. they may sell themselves. they may do nothing. it is kind of interesting right now, uber is establishing relationships with plenty of banks, not juts goldman sachs. we should point out goldman sachs through vc arm owns a portion of google. we don't know how much. many people feel they have the inside track. google is establishing relationships with wide array of wall street firms. and banks. jpmorgan, goldman sachs, morgan stanley. what these bankers are telling us at firms, if and when they do go public it looks like they will pull a page out of alibaba and not pick a lead underwriter. probably do the thing that alibaba did. everybody's lead. we want relationships with all of wall street. and maybe someone does the processing part of the

underwriting but, no one gets paid extra. this thing will, this thing is going across wall street. because if you think about it, this is a company that startup, alibaba made a sort of interesting splash with its ipo. everybody now likes alibaba. >> right. look at what alibaba closed at. >> if you think about old days you used not to pick morgan stanley and pick goldman, sometimes morgan stanley analyst -- adam: i don't want to do business with that guy. >> morgan stanley analyst gave you sell rating because they didn't get the deal and goldman would give you a buy. this is kind of an interesting thing. you spread the wealth. everybody is positive. everybody comes -- adam: i pulled up baba. 105 bucks, almost 106 bucks. let me ask you about uber you can't compare the business models. one certainly spreading the wealth across all banks would help them boost valuation. >> of course. adam: is it when you talk to the

bankers, now the time they should -- $41 billion valuation. founder and management group with them from the start, can't keep their mouths shut. these people, stereotypes, play into every negative stereotype of a tech in over their heads. they should cash out. >> either cash out or not go public for a while. that is the sort of thinking here. maybe they don't go public for a while because they're just not ready for prime time yet. would you think when you have kliner perkins, which is big vc firm. adam: right. >> you have goldman sachs, a bunch of players that want to see their investment monetized at some point, now is the time to do it. adam: so those people i'm sure you're talking to, you won't tell us your sources -- >> they're bankers. listen, i didn't talk to jamie dimon. i didn't talk to james gorman. i will be clear. these are bankers that hunk the deal down a little bit. they know sort of the bottom line, on the ground, granular level. >> but if you put yourself in the mind of capitalists, venture

capitalists who are money behind uber. look where they are right now. they face legal hurdles which they win in various parts of the world but how much higher could it go? >> well -- adam: you maintain a portion of stock, but cash out. 41 billion is a lot of money. >> can you imagine what the disclosure will be on the legal hurdles? that is one of the arguments against them doing ipo anytime soon. because of all the liabilities, i think they're being sued wherever, right? india. adam: india they're being sued. france put a halt to them. >> there is potential legal liability here in the u.s. that type of disclosure could scare away investors. so there is a theory, that, let's wait until we get done with that. that may take a year, maybe two years. then we come public. this is all a biggesting game. uber is clearly on the mind. i will say this. it is guessing game. haven't decided whether to go public, sell themselves, do nothing. but every banker is chasing potential here.

every firm is looking to kiss up to these guys anyway they can. they're being smart, doing business with everybody. the theory on the street is -- adam: 2016. >> they don't pick a lead underwriter and do alibaba where they spread the wealth. adam: charlie gasparino happy holiday to you. >> thank you. >> we'll find you on the cell phone. >> yes. adam: charlie never goes on vacation. sony will offer the controversial film "the interview" as online rental or purchase. you can buy it now. what could have led to the decision? let's bring in our panel. hilary kramer, and our own rich edson joins me here on set. i will start with you, hillary. why do you think that sony's finally just, do it and dump this thing, let people watch it? >> it became politically correct for sony to do that. lawyers and council for sony was stopping sony from doing that. amy pascal, michael lynton, the

cohead of sony, their hands were tied cleaning up their own mess of inappropriate and absolutely terrible comments they had made. so now it is okay. because the world came out and said show it. don't let terrorism get to you. of course, i do worry in movie theaters, there is responsibility to take care of our citizens first, employees of movie theaters and movie-goers -- adam: nsa, fbi, the administration said there was no credible threat of an attack on movie theater. let alone kim jong-un coming over here to do something. can't get a visa. >> why, ultimately the movie theaters decided, or at least the independent chains, to run "the interview." but i think the smart way to have gone which is at the same time, having the simultaneous release on demand. you know especially with youtube.

>> rich edson, leave the gun, take the cannoli. that is your favorite movie, the godfather. have they jumped the shark. >> six bucks to rent it tonight. too15 bucks to buy it. >> christmas tradition on this thing. >> we've been talk about over and over again, number of people would see this thing what might not be a critically aclaimed film, pretty good move. president came out against them for goodness sakes. this puts them in the right spottilyally and hollywood community and moneymaker for them. >> adam, on quick note with sony. one point people don't realize. we talk about the cost and will there be a profit on "the interview." ultimately there could be a profit on "the interview." adam: there will be no profit? it would make a trillion dollars and it would be a loss. that's hollywood accounting. >> that's for sure. i know that personally. michael lynton, amy pascal are

gone. executives are out and long-term profitability for sony is done because the creativity just won't be there. adam: cbs will buy it. let's move on. uber making another country's naughty list. this time south korea where officials indicted uber-ceo. is uber-shooting itself in the $41 billion-foot? let me start with you, rich. not just the ceo gets into trouble with the things he says. other people from uber. there is a fight with an uber executive and his landlord in san francisco which people over there are all talking about this executive filed a suit against the landlord. it was thrown out and being called frivolous. as hueber jumped the shark. >> comments made at dinner thought to be off the record. there is a lot of bad press for uber. story in the "new york post" today about a uber-driver punching somebody in philadelphia. anytime you have a company like uber, anything that happens to it will have such incredible attention whether it deserves it or not.

taxi driver punched somebody in philadelphia? it's philadelphia. what would you expect? it has got to be such, i hate to use the phrase, such a desare up tiff technology company. adam: right. >> you know, anything surrounding them in the spotlight will be greater on them. that's what we're seeing. adam: hillary, what do you think? >> i absolutely love uber. this is all about competitive pressure and anger of taxi drivers and unions and medallions. look what happened in las vegas. there are issues there with uber. ultimately uber makes consumers life easier. therefore uber will win and deserved a $41 billion valuation. adam: could the day come when cities said we can't keep licensing. let's give up that revenue stream? let people do peer-to-peer, i get in anyone's car and tax everybody with a car and drive that up? >> as long on insurance side, liability side is taken care of. that is absolute must. in new york, we don't have that

yet, that form of uber. we need some licensing and some extent regulation of the taxi industry. adam: don't go anywhere. coming up, big change at the top for embattled airbag maker takata. will it be enough to inflate their problems? are you ready for some football. rich edson is. social networking site strikes a deal with the nf. we'll look what it means for facebook as it tries to keep its younger demographic from heading to the hills. can you guess which stock was the favorite among retail investors this year? we'll have the answer coming up in a bit. >> okay, people, tomorrow morning 8:00 a.m., santa is coming to town. [screaming] >> oh, my god! santa here? i know him. i know him. thanks.

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you don't need to think about the energy that makes our lives possible.

because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. adam: starting next week you will be able to watch nfl video clips on facebook as part of a new distribution deal which well, could this be a big boost for facebook and fans? we're back with hilary kramer and rich edson. rich, you're a football nut. would you want to see clips on facebook or could you care less. >> could you link it to nfl.com or your favorite team, dot-com? this new innovation? adam: gives facebook 800 plus million potential viewers. wouldn't you do it on your own site if you're nfl and go that route? >> exactly. put on facebook feed putting

odell beckham catching that amazing catch. i don't see how this revolutionizing anything for anyone. adam: is this intoe straight tiff, hillary? or is it jumping the shark? we said that three times. >> disney owns espn which is a very smart move. espn has been a problem because of high cost of buying nf-rights. anything they can do, i'm sure in their minds, reaching just like facebook does but a younger demographic. and, disney has a real problem. what if their movies, "star wars" coming out and "the a ven guesser" out in 2016. disney hit 52-week high and disney it's a plus, plus, advertising revenue from deep pocketed advertisers. >> do you like facebook? is it overpriced at this point? >> $225 billion market cap. it really isn't.

the only problem with facebook, it is an older demographic. you know, and but it is good. continues to grow internationally. becoming institutionalized but instagram is eating lunch of facebook with anyone under 30 years old. this is a big help. everyone sees it as a plus. adam: i understand that. i will throw it to you and rich. those people under 30 eventually will be in their 40s and recorrect with the old facebook crowd? people in 40s have a lot more money than people in their 20s. >> that's why facebook is worth it. $225 billion. they need to innovate. wall street, we on wall street, we want to see facebook continue to bring in additional ad revenue and same for disney. definitely a plus. it is odd of course, very interesting point, adam. why didn't espn do it by them seems? everyone likes to partner up and distribution is seen to be extensive and wide breathto facebook.

adam: is underperforming fund chasing returns and if so, are you better off buy an index fund? rich edison, what do you think? >> the fed is concerned, right? the fed has some level of concern about this, in their forward guidance said we'll be patient on this one. if they can be patient and are not ready to raise rates or economy not ready to raise rates or advancing timeline we should proceed with caution. adam: i said the word, fcc is going to fine me. 80% of the money managers are not performing better on par with the s&p 500. you're an index fund, aren't you. >> god, yeah. adam: hillary, what do you think? >> going forward it's a stock-pickers markets. money managers were chasing performance. they were too smart for their own good. they thought they could catch a falling knife with oil prices or buy biotechs acquired and deals fell apart. i love the fact that individual investors have the ability to do

their own research, coming up with air own stock ideas and index wouldn't work. i love delta, i love american, aal, they're hitting 52-week highs. the stock to buy in 2015 is virgin america. still under $2 billion market cap and continues to grow. better to be a stock-picker because the money has been made going indexes etf style. adam: hilary kramer, rich edson, thank you very much. on that we call it a rap. ameritrade releasing the list of most held stocks by investors here. number one might come as no surprise. number five is facebook. the stock hit an all-time high this month. number four, microsoft. that stock seeing a massive 28% rally this year. coming in at number three, bank of america. number two, general electric? he said with a question. the stock is underperforming this year. it is down 7%. at number one, apple. up almost 40% this year but they're building that new headquarters.

watch out. you know what they say when companies build new headquarters. we hit a lot of milestones in 2014 to dow 18,000 so what will 2015 bring? we'll ask one of the smartest mind on the street next. takata hits the brakes on management. will a shake-up in top level executives be enough to turn around the company's recent bad pr blunders? you will find out next. look, daddy. every time a bell rings an angel get his wings. >> that's right. that's right. that a boy, clarence.

adam: forget dow 18,000 just for a second. how about the u.s. dollar? the greenback hovering at the highest level in eight 1/2 years following robust gdp reading for third quarter. with the dollar taking center stage on wall street, other currency hot spots around the globe are flying under the radar. they could have serious impact on companies that may be in your portfolio. joining me now, with tips on how to protect your money from currency swings, is wolfgang coaster. he joins us now. wolfgang, i got to ask you, the dollar will not lose any value in 2015. there could be a black swan

event but no one should expect it to drop precipitously, should they? >> i think everybody we're talking about, ceos on the street they're talking pretty much dollar strength and i tend to agree with it. i think fundamentals are good for it, absolutely. adam: any rebound for the ruble or japanese to stop devaluing their currency? >> i think japanese will continue to manage and quite frankly manufacture their currency. want it to get probably between 120 and 1.25 space. russian ruble you will see volatility continue. you will not see another 50% drop in the ruble this year. i don't believe that. adam: you have to be careful about owning companies have them in your portfolio or put them on negative side of dollar trades. fingerprints, forgive the pun, tupperware party may be over for some investors. explain that. tupperware is great company, no problem. >> they're a great company but issues are especially for tupperware is when people don't actually focus just dollar

versus the euro or dollar versus rupee, but there are exposures that companies and analysts are not looking at yet. tupperware and same yen are looking at euro and indian rupee. that is nine 1/2, 10% depreciation in the euro versus the indian rupee. that hits company like sapient. your cost in india goes up 9 1/2% but on the other hand sales in europe go down 9 1/2%. you are losing 20% what could be a good business if you're not managing that risk properly. companies in that industry. competitors like sapient, extent ture who do that very well. but sapient and tupperware come out and admit, listen, your indian rupee is real issue for us and we're going to have to actually be a little cautious on our eps because it will impact

it. adam: same kind of scenario, different parts of the world play out argentina and brazil. these were once, not argentina, but brazil, certainly a powerhouse but not a powerhouse today. who should you keep an eye on out there today and how will it affect? you. >> how russia and china and some things are really impacting argentina and brazil, probably on the negative side especially with dollar strength. tough look at manufacturemanufacturers. look ad fords of the world and philip morris. philip morris expect ad originally 61 cents earnings per share headwind because of currency because of currencies like argentina and brazil that they're expecting a 72 cents eps impact. so even worse performance. that is pretty significant. that is not one cent. look at, we do big data analytic foss for corporate finance and exchange, we see benchmark should be less than one cent eps

impact they're talking about 72 cents impact. adam: wolfgang, fire apps ceo. merry christmas and happy new year. >> thanks to you, adam. good to talk to you. adam: it has been a tough year for takata the airbag maker. that company announced a management shake-up today in hopes of getting back on track. jeff flock joins us with more. jeff? >> well, not like they're blaming the president and chief operating officer, stefan stocker, because he joined the company not that long ago, long after this whole thing started to boil but take a look at the pictures. stefan stocker is the first non-japanese president of takata. but he is out today but staying on as director of the company. it brings to the fore, the 48-year-old grandson of the founder of takata, the huge japanese automotive parts company. i should say airbags are just one of the pieces of the company. that has been getting all the attention lately. this is the problem with these

airbags exploding with undue force and spraying shrapnel inside of vehicles. so far 24 million vehicles have been recalled worldwide. that is a dozen different automakers, the most recent of that, bmw, just, last week, should say this week, with 140,000 more airbag potentially, faulty airbag recalls. what is the impact been to the company? well, this point it has been pretty tough. well over almost $300 million lost thus far this year. they took a charge for another 400 plus million dollars in the third quarter. and when asked at the last analyst meeting to forecast what it would be like going forward, the company said it was impossible to predict. will the company survive? adam, this is like what happened with toyota and even ford with the ford-firestone recall as a result of the firestone tires

coming apart back in the 90s when they brought grandson or in ford's case, great-grandson of the founder to run it. that is what the grandson is doing here at but maybe that will have positive impact but company is in a world of hurt. adam: history will show the young mr. ford needed to get out of the way to let alan mulally run the company. jeff flock, thank you. president george h.w. bush hospitalized with shortness of breath last night. we have the latest. we'll bring you the number one thing to watch on friday, this shortened trading week. will the the santa claus rally p going? ♪ ♪ (holiday music is playing)

hey! i guess we're going to need a new santa ♪(the music builds to a climax.)

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adam: bit of sad news on this christmas eve. former president george h.w. bush was taken to a hospital in houston last night after he experienced shortness of breath. fox news correspondent molly henneberg is live from washington with the latest for us. molly? >> hi, adam, gene becker, former chief of staff to president george h.w. bush is suggesting that the 41st the president may not be in hospital much too

longer. she said the bush family appreciates your love and concern. this is not two years ago. it is a hiccup. she should come home in a few days. two years the former president was hospitalized for two months because after bronchitis related cough and other medical issues. apparently more serious according to becker than the situation this time. in this case shortness of breath is not unusual doctors say as patient has parkinson's disease as the former president does. >> there is always extra set of caution here especially because he is 90 years old and has this condition. they will keep him there, maybe longer than they would keep someone else. but again, i wouldn't read anything into that. >> doctors will keep an eye on him. they will keep him in the hospital until he is breathing more easily and comfortably. white house says the president obama has been informed of the former president's condition and taken to the hospital n a statement the white house said, quote, president obama and the first lady send their good

wishes to the former president and the entire bush family during this holiday season. despite parkinson's and the fact that he need a wheelchair to get around, president george h.w. bush has kept up something of an active lifestyle. he celebrated his 90th birthday in june, doing a tandem skydive. adam? adam: molly, thank you very much. hiccup or not we all pray for his well-being. take care. time for the number one thing to watch this friday. let's bring back hilary kramer. friday, only four trading sessions left but what should we watch on friday? >> we want to watch russia, ruble and price of oil. because that is so interconnected. right now we're seeing a lot of strength, adam into the u.s. stock market because russia is where the money is fleeing out of. if russia has to take another step to raise their rates again, we could see ramifications because companies like ge. >> ford, apple, certainly have been impacted. adam: very quickly.

russia has foreign reserves in order to do that, don't they? >> no one really knows for sure. right now part of the problem is assets fleeing out of russia and it could really be a cascading impact. adam: hillary, thank you very much. thank you for joining us. before we let you go, wanted to just ask hillary one last question. 2015? >> s&p 2100. we might see a correction in the first quarter but then it is going to be going strong again. adam: you expect oil as some of our guests have said, mid heart of the spring go back up or perhaps earlier? >> we might find a floor but i don't expect 80, $90 prices. adam: thank you very much. thank your daughter letting you come in on this day to work with us. we want to wish all of you merry christmas and happy new year from the fox business network. we have a special edition of "money" with melissa francis coming up next. the fox business network will be on air throughout the day. keep watching. right now, have a wonderful day.

melissa: moneymakers are sharing their tips. even when they say it's not, it's always about money. ♪ money is always trying to get you the most bang for your buck. fox business cheryl bisson kicks it up for us in new york city.