>> flight to safety. gold up 18 bucks. [closing bell ringing] nice rally for metals and miners today. david: gold is just barely over 1200. not only thing that is up. look what is going down, all the indices. russell 2000, let's start at the bottom. small and mid-sized caps we'll talk a lot about these with our investors coming up. that took a half a percentage point hit. nasdaq more percentagewise. s&p and dow jones down half a percent or third after percent. remember folks, volume is pretty low. it doesn't take much of a move on some stocks in the dow or s&p to really move it far. we have a busy hour. stay tuned. "after the bell" starts right now. david: let's get right to it. we have john trainer, people's united banking. he will tell us what he is watching ahead in the new year.

chris recognize letter, tells us why he thinks this market is not, i repeat, overvalued. trent wagner joining us from the cme. talk about gold because that, we don't have trent. john, let's go to you first and deal with gold. deal with the gold issue. safety is one of those things not really considered much in a market that is so bullish as this. do you put any faith at all in gold as a hedge? >> no. we actually are underweighted in gold and commodities in general right now. we have not seen inflation as a fear. so we have not been heavy in commodities. that has worked out well for us this year. cheryl: all right, well, john, it is interesting to watch what is happening in the markets but, chris, at the same time we don't have it, when you look at it, especially 18,000 mark, we're having bearish predictions for 2015. what are you watching? >> we think growth will continue into the new year. we think small caps are setting

up very well after a disappointing year where they underperformed the s&p 500. so again we're looking for really good top-line growth, march pin improvement in companies. those stories that will work throughout 2015. you know we spend a lot of time in the technology area. we think there are some really good tailwinds there. we think stronger dollar will help a certain group of investors out there. so we're looking for those plays right now. david: we had to wrestle trent wagner out one of the pits in the cme of trent, talk about gold if you don't mind. why the big bump in gold? was it short-covering or what? >> i would attribute it more than anything else to short-covering. this time of year it is well-documented a volume in a lot of markets is down. historically, $20 move in gold is not big of a deal. when you look at a chart, when you not to get too technical,

the 2050 area, if we stay underneath there i'm in camp to echo the previous gentleman, stronger dollar is better in certain areas. gold is not one of them. i think we see that stronger dollar narrative as we move into 2015 which i will will not be good for metals at all. i advise selling rallies on anything that gets up in the 1250 area in the gold market. cheryl: we've seen a shift from emerging markets economies to domestic economy like the u.s. the u.s. you say may be better market to be in but what about other first world markets? should we be looking at western europe? >> we actually are very interested in the developed international markets which are seeing what we hope we see is that the europeans begin a qe program. but what is more important and what your viewers should keep an eye on, is europe making structural changes, the tough decisions to improve their economy, so improve workers flexibility. that will tell us that now is the time to add to international

markets. we've been underweight for three years. we would like an opportunity to add to international markets. david: probably not going to happen in a place like greece by the way which is about to elect a far-lettist prime minister. but, chris, we know, while the rest of the world is getting more loosey-goosey with regard to central bank policy, printing more currency, we're tighting up. interest rates will probably go up in 2015. how will markets take to the interest rate hike here? >> if interest rates are going up because the economy is doing pretty well. we're looking for growth to power through. we think that will support valuations for the near term. could we esee a correction first half of the year? certainly could. right now the economy is doing better. we'll be lapping some comparables in last winter which we remember was a terrible cold hit to the economy. >> by the way, let me ask, when do you think that we'll get the rate hike in 2015?

>> it probably is later in the year because the central banks across the globe will be putting pressure which will be impacting the long end of our interest rate curve. so i think that it is going to be probably later in the year if at all. >> you know, trent, one of the things we've been watching, obvious i let volatility will kick in toward the end of the year because of low volume but for 2015 many traders tell us already they expect a lot of volatility for 2015. that will make it more challenging even for the average investor when to put money in and kind of where. what is your sense on the volatility side next year? >> well i think a lot of the volatility coming into play this year over 2013 was due to fact we were wrapping up the stimulus package here. until we get a rate hike though. i'm not sure how much more volatility weil see in 2015 over and above what we saw in late 2014. we actually had a decent amount of volatility in october and

earlier this month as well. i'm not convinced they are going to raise rates next year. i would agree with the gentleman earlier. if anything it will be late in the year. at that point in time i think we say see a jump in volatility. i don't know that we're going to get much more in terms of volatility increases over and above what we've seen of this year. david: john, what is your biggest concern for 2015? >> the biggest concern that we have is sort of the unwinding of a lot of great investments wee seen over past several years. a lot have been yield driven, high-yield bond. we saw high-yield bond trade off pretty aggressively this fall. normally they're tied to equity performance. they did not rally back with equities. so high-yield bond. we're underweight reits right now. reits have had a fantastic year. we're at 50% weighting on reits. those yield plays that have done very well we're most concerned about as we head into next year. we agree with the prior two speakers.

we think the fed will raise rates but latter half of next year, not early. cheryl: chris, before you go i want a couple names you want to get out there. i know you know like a company like express scripts. i'm always looking for the hottest new stock of 2015. express scripts, health care play, you like it? >> express scripts will do well. it has power with drug pricing and has been in the news with gilead. i think longer term you're bringing more people into the health care system. they have insurance. they need a pbm they provide a lot of value to the end consumer and drive a lot of cost out of the health care system which is what we need. cheryl: john and chris. thank you very much. he will join us back there for the s&p futures close we'll wrestle him out of the pits once again. >> thanks, guys. cheryl: speaking of markets what are the technicals telling us may come in 2015? david: with us the king of the technicals, j.c. parets, eagle bay capital founder and

president. good to see you. broad market, s&p, broad index, straight up for the past two years, i say straight up, there are obviously dips. this is a two year chart i believe? yeah. two-year. you have this range that, are we going to continue to see that? what does this tell you about the past two years looking into the future. >> higher lows and higher highs this is nice bull uptrend channel. you buy towards the bottom we put a note out to our clients we're bullish going into the end of the year. i think we continue to see. that upper trend line is probably somewhere around 2180. granting it is a moving target but fading s&psp there tactically but structurally nothing wrong with it. david: looks good. cheryl: some are saying that the s&p has topped out so wonderfully on technical basis for 2014 that we'll see more of a dip for 2015. do you worry about that especially first half of the year? >> yeah we'll get dips and we'll get volatility. based on structural big picture

there is nothing wrong with it. seasonally, 2015 all signs point to higher market. we'll have to watch price which at the end of the day is most important thing. cheryl: dave will point to another chart. >> we talk about mid-caps. we talk about the small caps, russell 2000. why do you like to talk about the mid-caps here, mid-cap 400? >> they're very important group. they're january bradys of word, stuck in the middle. this is big breakout. more times a level is tested more likelihood it will break. we have overhead supply throughout the second half of 2014. we broke out of that recently. call it 265 as long as mid-cap 400, ndy specifically remains above those levels i think we see much higher prices of the that is the key level we want to watch. >> i will make a vanna white call and call for oil. the big fall in crude price from a technical basis what are you seeing? >> we want to look at things from multiple perspective. this is daily chart first. this is much more shorter term time frame.

we're looking for mean reversion. we do a lot of sentiment analysis, hold on. mean reversion, explain. >> everything in history except for lehmans and bear stearns of the world, stocks that go to zero ultimately they revert to the mean whether they come down to the mean or up to mean. we're looking 200-day moving average, 65% away from current prices. mean reversion process will likely begin very soon. we're doing a lost sentiment work. we've seen a lot of pessimism since crude oy bottomed at end of 2008. if you recall, crude oil made one more low in the first and second week of 2009. i think we could see something similar. so we want to watch momentum, diverge postively on the niece new lows we're seeing. we take off to 55 1/2 we're off to the races. david: i know you're a fundamental because you're a technical guy. 2009 was a comparing economy in midst of recession.

don't you have to consider that fundamental when looking at a chart to compare it to 2009? >> number when we look at economic data all of that is backward looking. we want to look at forward-looking indicators specifically in the market and markets tend to behave very similar ways. we have historic pessimism down at beginning of 2009 of the as we enter new year. david: we don't have the pessimism now. >> we do. david: not about the entire economy. we were in the midst of recession. >> crude oil specifically what we focus on here. that is what we're talking about. that is the discussion. david: i know but it was related to the economy. the price at this point was related to economy. >> perhaps yes, perhaps no we could make a similar argument today. at end of day talking about selling crude oil we have to look at price, we have to look at sentiment. i see a rubberband very much stretched. 55 1/2 is level we're watching. if we break out of 55 1/2 we are off to the races. only long above. that below that there is nothing to talk about. cheryl: send your charts and analysis over to the saudis,

have a little discussion with them about crude oil. david: he wouldn't mind. he would go there. cheryl: thank you, j.c. parets. david: thank you very much. well, turns out it is not a closed case when it comes to who hacked sony. new evidence suggesting that it may not have been north korea, at least north korea alone. we have details who else might have been involved. cheryl: plus it might be a small world after all. one analyst tells us why your portfolio could see big gains betting on small names. david: with oil prices down 49% in the past six months, could it be time for bargain hunting in the energy sector? our panel talks about that coming up. ♪ these ally bank ira cds really do sound like a sure thing, but i'm a bit skeptical of sure things.

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cheryl: the s&p futures just closed. let's head back to trent wagner in the pits of the cme. >> yeah, looks like we finished down just under 10 points on the day, about half a percent, guys, 2076.30. that is the last trade we had here as we enter into the fiber-optic al session tomorrow. i wouldn't read too much into today's weakness. we talked about a lack of volume

earlier. we had some consumer confidence numbers that missed slightly this morning. that might have set the stage early. today's action is probably due to profit-taking at end. year than anything else. david: trent wagger in. appreciate it, trent. >> take care, guys. thanks for rescuing me from that pit. >> absolutely. cheryl: small world after all are according to our next guest who says small caps will con kerr the markets in 2015. david: john bollinger joins us now. you see a definite seasonal pattern for small caps. explain. >> well, classically the small caps have done very well in january of the year. there have been many academic studies that have pointed out that idea. so that will be a great test period. we've come out of a year where small caps basically did nothing while their big brethren performed really well. 10, 12% for large stocks. small stocks finally break out

towards the end of the year. they have been laggard all year long. we look for january for them to start to assert some leadership. cheryl: that is interesting. you saw underperformance for small caps. everything was kind of big cap, big cap but the last couple months that shifted. what does that say to you? >> so in the middle six months. year we had a tremendous period where large caps performed very, very well and small caps performed very poorly. that ended really in october. ever since then, small caps have been trying to turn up against larger stocks which we call building up relative strength. and that's really been going quite well so far. so we're well set up for this january effect we look for in the first month of the year where small caps typically perform really well. the key here is that overall valuations in the stock market are really high and in order to justify owning stocks you have to have growth and small caps, mid-caps, that is the area where

growth is much easier to find than in large caps. david: i tried to squeeze a fundamental explanation from another technician who just joined us, j.c. parets. i will try to do the same from you. the dollar is strong right now and gas is cheap. that tend to focus on consumer demand. it es very good for companies that are based in the united states that are focused on the consumer. that tends to be the small stocks. i know you -- >> that's right. david: you focus on the technical but isn't that a good fundamental explanation why small stocks might do better? >> that is great fundamental explanation. it is really important to marry technicals and fundamentals. i call it rational analysis. it is taking best tools from the fundamental analysis tool box, the best tools from the technical tool box and combine them into rational approach. when you have good evidence on both sides of the equation you increase confidence and make that trade. that is what we're looking for, focusing so much on january. if small stocks don't do well in

january, when they should do well, all bets are off for the year. if they do well on january then think they do well for most of the year. david: interesting. cheryl: if we'll have small cap versus large cap discussion i would think the sweet spot is going to be mid-caps. if you look at the s&p mid-cap, the 400 etf, it actually performed pretty decently. we have 8.5% return year-to-date. if you're kind of chicken i would think the mid-cap way is nicer way to go? >> i think that is a great idea actually and the reason is, for institutions to put money to work, you know, basically they like to be in the large cap world where there is liquidity. they can easily make sector bets and move around. as they move down into the smaller stocks it is harder and harder for them to trade. harder and harder to get market exposure to take positions. so the mid-cap is generally the first beneficiary of a move towards smaller stocks. i think that will actually be the fact in 2015. after that, if the trend goes really strong, then you want to

get down to the micro caps. you have that little russell microcap etf, iwc. might do well later if this trend really gets going. cheryl: you have good alternatives. david: good advice. john, thank you very much. >> my pleasure. david. turns out north korea may have not acted alone in the sony hack. u.s. investigators say north korea hired hackers from outside of their country in order to help. officials say north korea doesn't have the capability to conduct some elements of the extremely sophisticated hack. cheryl: they identified six people with direct involvement in the hack, including, get this, a former sony employee. we talked to someone that read many sony emails and said it wasn't north korea. >> first of all pretty sure, not north korea. david: second of all, hold on, what makes you think it is not north korea? >> oh, well, 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. >> all right. sony's stock, david, down 7% over the past month. david: you heard it here first, folks. probably wasn't just north korea. despite a small gain today, oil is still sitting at five 1/2 year lows. it has taken many energy stocks down with it. is it time to do a little bargain hunting in the energy sector? we'll talk about that. cheryl: new developments in the search for the missing airasia flight. emerging today, we'll have the latest details for you coming up next. david: also, it was a big year for new tech products from the new iphone, popularity of fitness trackers but not everything worked out so well, particularly with amazon. we have hits and misses. we'll tell you what consumers will be looking for next in 2015. ♪ thanks.

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cheryl: big developments in the search for the missing airasia

jetliner. the indonesian navy said it recovered four bodies from the ocean and that the number is likely to grow. the it confirmed objects recovered in the sea did come from the missing jet. airplane exit door, inflatable escape slide and lifejacket. one indonesian official said bodies that were recovered didn't have life jackets on. air and sea search focused on area halfway into the flight of the jet. u.s. navy ship, uss sampson. airbus was carrying 162 people and dropped off the radar amid stormy weather early sunday morning. dave. david: oil dropped below briefly 53 bucks a barrel. is now the time to buy into the oil patch? let's bring in our panel, lee munson, larry shover, sfg alternatives, and our own cheryl casone. lee munson, first to you, would you go hunting around for good stock in the oil patch?

>> i would. i would look at think about it this way. you go mild to wild. xle is cheap. buying s&p components of energy. 20% behind the s&p this year. 30% cheap they are sal wages than the overall s&p and pays dividend yield 25% higher than s&p. as long as you want to speculate a little bit, hold it for a few years, i don't know if we'll be out of this little patch but i think it recovers. don't believe in the jargon of mean reversion and other stuff. it is cheap for a reason. if you can't to get crazy, buy russia. it is super cheap but you really playing at the craps table with that point. david: that is getting a little crazy but i love the options. larry, where do prices as cheap as they are right now from a long-run average when oil prices come down like this, does this indicate we'll be here for a while or is it about to change for the upside? >> well, no i think we could actually go lower.

on inflation adjusted basis, a real basis most commodities are still overpriced. so we could languish here or even go lower. not saying we will but we have to normalize. we have three things going on right now. we have american output and opec output and worldwide demand. we need normalization in the market. in one of those things doesn't change on inflation adjusted level we could drift lower and $40 a barrel is now in question. cheryl: trying to buy energy companies and stocks and i had a guest on "countdown to the closing bell." he said next few weeks, four weeks you should start to bargain hunt for big energy names. they are really depressed. they will not stay down there forever. david: you don't want to catch a falling knife. larry, to your point, we're talking about schlumberger and halliburton, oil-related stocks, would you buy into one of those? >> my column in december i talked about, oxy and schlumberger, apache. i like those stocks from a cash

standpoint. they're very hello think. they're very diversified. they're not relying on expensive technology like oil wells. if you get stuck in value patch, at least go to a diversified value patch. david: okay. the u.s., as most people know has the highest corporate tax rate in the world. lowering that rate may be one of the few things republicans and democrats agree on. will it happen in 2015. cheryl, what do you think? >> i had a off-camara conversation with a congressman he thinks it will be pulled off the table. that other things will come to congress's attention. we talked about the corporate tax rate, when push comes to shove in january when our brand new senate, republican-led senate comes to convene and congress as well they will push that to the side and that is unsupport gnat. david: wow. even owe though larry, most people agree, we'll hear this from lee in a moment, nobody pays or at least big corporations don't because they have all their special deals and everything, but still shouldn't

we bring down the top rate? >> yeah, we should but optically it just can't happen. imagine being on television saying we'll give a tax break to all the rich corporations while individual get stuck holding the bag even though that is not true. even though we know if we cut tax rates on corporate level that will benefit everybody but optically a hard message for anybody to get across, lee munson, i thought i was a cynic. i group up in washington, d.c. i have no respect for the politicians and or at least most of them. i read your pov, you think there is no chance in hell this will happen, right? >> no, it is not going to happen remember, part of the idea we could get rid of lobbyists and we can simplify things. think of all the people in the 1% that are paid. lobbyists will not get rid of their 500,000, million dollar jobs. congress doesn't want to stop getting wined and dined by these

people. if you're paying 35% you need a better tax strategist. this is messaging thing. we have to convince the 99% that the 1% are taxed at high rate and stifling. i worked for the 102nd congress as congressional page i things are dysfunctional. if we're in populist environment nothing will happen in the corporate tax rate. quite frankly there is a lot of money to be made by professionals trying to get it down from 35%. david: if you bring it in as a actage, don't just focus on the corporate tax rate because most people don't have sympathy with corporations, bring down all the tax rates like simpson-bowles said we should, a bipartisan panel. bring down the whole thing so everybody benefits from this. cheryl: let's not forget we still have a president who is a democrat. his name is barack obama. he will absolutely fire up the democrats even though they're not in control of congress. it will be a big fight in the front of the cameras. it will be a lot of rhetoric and nothing will be done. we'll potentially have gridlock

for another couple years. i think corporate tax rate will be a big piece of that gridlock. david: wall street doesn't seem to mind gridlock that much so maybe that is best. coming up next with the panel, real estate prices in some areas at record highs but with big areas of the country having unrest could we see tumbling role estate prices. >> the camera program sunday fire believe it or not it is increasing car crashes. we'll have details for you coming up. several major retailers are now allow louing customers to pick up online orders in stores. does it cut down on shopping time? i don't know. boots i got last night, click, click and click. david: good for you.

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david: new yorkers woke up up to a nasty editorial in the "new york times" that blamed city cops for, and i'm quoting here, a snarling sense of victim-hood. that is what they describe after police protested a mayor who is very slow to come to their defense. could such anti-cop displays make crime worse and send big cities in a downward spiral? we're back with lee munson, larry shover, cheryl casone focuses on real estate more than

anything else. i seen cycles take place in new york. when crime goes up the prices come down. may that happen again? >> i think in other parts of the country that is very true. in new york city, i talk to readtores almost every day. they say no. this there is no available inventory toin detroit t could be a problem in 2015. people are paying enough money. you have billionaires and millionaires floating around in new york city they will start to complain. they will being all over mayor de blasio just like the cops are and things will certainly change. david: we had a lot of millionaires in the '70s and got in a lot of trouble, larry. crime is still low in new york, very low by historical standards but we got this notice of a crime wave in new york, crime aaid. cops are not arresting people. busts are down 66% in two weeks since the cops were killed. maybe a protest.

eventually that might lead to more crime. >> you could, can you not blame them for making their arrests. these are gentleman and ladies doing their job, 99.9% of them and right now they're afraid to do anything. that should persist, which i really don't think it will, i could see real estate definitely tailing off because there has been a fundamental shift of people wanting to live in these cities. however that would change if crime goes back to the way it was the in late '70s, or early '80s, if you remember how bad it was. even in times square around the '80s. yeah, that could happen. but not right now. happening everywhere in north america. not just in new york. david: i applaud your defense of police, something sadly lacking in awful editorial in the "new york times." i hope they're ashamed of themselves for. that. lighten things up a little bit as we close out the year. what were the big winners and losers in the marketplace? lee, i want to go to you first. go ahead. >> you know the biggest winner right now were real estate

investment trusts or reit sector. last yearer this up 2, 3%. everybody left them for dead. they're up over 25%. biggest losers are things like energy. anybody remember 3d printing companies and their big hope? that's gone. next year you have to look at all the small cap. despite what the other guests might say, go with small cap value. i think that is where you make the most money next year because it was left for dead last year. energy, you will make bucks. david: larry, biggest winners and losers for 2014. >> other than china, india. we have utility, biotech, health care and how about the airlines? when was time anybody said airlines were a big winner, 2014. losers, greece, portugal, russia of course. we also see steel, energy, telecom in the tank. euro retail, euro banks, copper, oil and most commodities. david: okay. you just took a little wind out of the sail of cheryl who knows

a lot about airline industry. go ahead, cheryl. cheryl: thanks a lot, larry shover. airlines i won't say a loser but were quite a surprise for 2014. airline stocks have always been frankly bad investment and volatile. all this consolidation. all the oil prices lowering. i think for the year, airlines, even for 2015 obviously going to be a sector to watch. as far as winners go, you mentioned health care and then technology. >> yeah. cheryl: once again health care and technology. i'm hearing same trend will continue for 2015. david: we will see. gang, thank you very much. lee munson, larry shover and cheryl, don't go away, okay? stay here with me. cheryl: absolutely. david: in fact give us a tease. cheryl: i will talk more about technology now. it was a big year for technology, iphone six, google glass and even virtual reality headsets. we'll look at the winners and we'll look at the flops and what technology products will dominate 2015. david: the biggest red light camera enforcement program in the country could actually be

having the opposite impact of helping things. could actually be increasing crashes at intersections. our man jeff flock is all over that story. he's next. ♪

cheryl: several major u.s. retailers are now allowing shoppers to pick up online purchases at their brick and mortar locations but a new study from retail intelligence firm shows that in-store pickup barely saves the customer anytime of the study reveals that shoppers only saved average ever 96 seconds using in-store pickup method. in some cases in-store pickup took longer because the customer searched for the items in the store. okay. david: do it the old-fashioned way. sometimes that works. you could say it was a break-through year for technology. a lot of new things. the drones of course, 3d printing, virtual headsets and google glass though that didn't work out too well. cheryl: not every new and innovative product was a hit. with a the look at today's best and worst technology with mark from technology mag and editor-in-chief. tom, start with the negative stuff. >> that is more fun.

cheryl: what was the biggest loser for 2014? >> it is the amazon phone. the fire phone was supposed to be like this big thing and you had the retailer getting into the phone business but it was a flop because it was gimmicky. he had a 3d like screen but didn't do enough and didn't do enough to separate itself from other android phones in the market. only available from at&t which is not a good sign. >> i remember criticism of fire phone, it was something else to shop with. which is to the point, mark. >> sort of like amazon vending machine. they want you to use their stuff. david: google glass, we mentioned in the intro, what do you think? obviously didn't work out too well this time but will it eventually work out? >> there was so much of a backlash in terms of social aspect of it. wearing it in public. all the businesses banning it. david: it looks stupid. >> i think it could have resurgence in the business sector. david: where people don't mind looking stupid. >> like say, a shop floor or like a doctor's office where you

pull up information in real time and do your job with it. but it is not going to change the way we interact with the world. david: good point. cheryl: what about the chrome book? >> chrome book is a success story. cheryl: is it? >> you have all the people who want to get online. sort of like second coming of the netbook. it is very easy and they're cheap and why microsoft is responding with devices like stream 11 from hp that are 199. there is a price war which is good for consumers. david: this is not a good product but old version of a apple iphone 6 which took off like wildfire. >> it was a hit and people were waiting for big screen and finally they got it and got it in two different versions. over the holiday season there is news angle. 51% of smartphone activations after the christmas holiday was for the iphone and samsung was about a third less than that. so that tells you how much they have distanced themselves from the competition. cheryl: oh, wow, that is really interesting. talk about blackberry. >> yes.

cheryl: almost say it was a hit-and-miss year for blackberry. wasn't all bad. >> financials are not that bad but devices have been on the decline for a while. i got some negative flak for this because there is a lot of fans out there still but blackberry, called it the passport but should have called it the brick. it is huge. it is five inch displacement a square design. it was awkward. in my review it felt like work using it. but for blackberry fans there is sort of like a classic version out there and called the blackberry classic for people who want the traditional design. it is not over for them. david: it is retro. going back to gordon gekko to the big phones. i know you're wearing one of the wearables. share had one and it didn't work too well. why do you put that on the winners list because not everybody likes them? >> we love the category. awareness of the fitness trackers is really skyrocketing to the point of 70% of the people are aware of themly only one in 10 people bought them. there is so much growth in this category left for 2015.

fitbit is at top of the bit. they own 50% of the market but there is a lot of other players like garmin and microsoft. the reason i wear it because it is combination of smart watch and fitness tracker and get notifications from my phone and pace on my run which is pretty cool. cheryl: i have to say, for women, you got to make it pretty. fitbit is actually doing that with the tory birch line. most of the wearables look at that and say no thank you, i'm not putting that on. >> that is good segue. apple will focus on design and hired away designers from watch firms. i don't think it will be out until the spring. it will come in multiple versions like gold and sport version. what i worry about with apple watch, is the price. 349 is lot higher than fitness trackers and other smart watches on market. it will come down to the app selection and ease of use. i can touch it and share my

heartbeat with someone else across the world. cool ways to use this technology. david: i want to keep my heartbeat to myself, no offense. mark, thank you very much. appreciate it. cheryl: red light cameras are supposed to entice people to drive safer and in turn reduce accidents. turns out the opposite is happening. details are coming up. david: the debate continues whether or not oil prices will kill the keystone pipeline. a former industry ceo tells us what he thinks will happen. >> hello, everybody. i'm gerri willis. coming up on my show at the top of the hour, america's worst customer service, who tops the list and who is actually doing a good job? that is one of the big consumers stories coming up on "the willis report" in just a few minutes. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved

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david: don't you hate those red light cameras? hate them. hate them. the largest enforcement program with the red light cameras is in chick but -- chicago but it is under fire with a new study. >> jeff flock is in chicago with the backlash that the program is feeling. jeff? >> dave, cheryl, this is one of the lights that flashes in middle of the night that lights up picture. back here you have the cameras. if you see them over here, two cameras, one take as picture of your license plate. one take as picture of white should to show you've gone through the red light and you get a 100-dollar ticket in the mail. real backlash against these

things, not just here in chicago. look at number of red light cameras around the country, has gone down from the peak. a lot of businesses in this, companies making systems. 540 a few years ago. it has now shrunk to 469. new jersey ended red light camera experimental program. focus on chicago where they did a study at intersections like this one. this is mccormick an lincoln. while t-bone crashes were reduced it actually rear end crashes were on the increase. actually increased. because people slam their breaks on and next thing you know, boom, they're trying to avoid a ticket. one other thing that happened here in chicago, david, you love this one, they reduced amount of time on the yellow light. take a look what that meant a couple years ago at this intersection. the tickets were about 2 or 3 maybe a day. all of sudden they spiked way up. and they found out, uh-oh, they actually cut yellow light time

and people didn't know it. next thing you know, they got a bunch of tickets and bunch of revenue. david: that is pure entrapment. i hate it. thank you very much. >> thank you, jeff. david: may be a shortened week of trading but a lot of action on fox business today. here are some highlights starting with an interview i had with former shell oil president john hofmeister, whether or not he thinks the keystone pipeline is dead? >> no. remember the keystone oil pipe line is not for today as much as it is for tomorrow. we'll need those canadian oil sand in the u.s. marketplace in the decades ahead. our children, our grandchildren would benefit from this infrastructure. it is like building, you know, some kind of a hydroelectric dam. it is going to be there for 30, 40 years and provide the future generations with what they need. anyone who would say no to the keystone xl pipeline is saying no to their children and to

their grandchildren and to their disadvantage. >> -- but it is cheaper. as soon as there is demand and shoots way higher. to underscore that point and to appreciate our passengers and our drivers, you hear in a few cities that we're in, we are offering $10 for a ride anywhere, for a ride that originates anywhere within the city. >> luxury segment the cadillac ctvv is a really strong selling car right now. but they're also putting $3,000 cash back on it which makes it very attractive. in the european segment the audi a 6 is good buy with low interest financing. lexus, 200h. the hybrid version of that, has some low interest financing as well. you mentioned trucks. there is the dodge durango which is an suv selling well and probably get a very good deal on

that now. >> catch all of today's interviews, foxbusiness.com. david: time for the number one thing to watch for tomorrow. let's bring back larry shover. give it to us, larry. >> you know tomorrow's sparks are going to fly. it is the end of the year. right now index traders, stock traders they're obliged to mark-to-market tomorrow to make sure they get the prices they need to get for the portfolios, mule wall fund managers, hedge fund managers, it creates a lot of intraday volatility. as individual investor i would turn a blind eye to it and wait until we reopen in 2015 to see what new narrative is going to be but tomorrow it will be very volatile toward the close because a lot of people need prices at certain spot at 4:00 eastern time. >> larry, 10 seconds up or undo tomorrow? >> i think we'll be down tomorrow. and i think we'll be down into january. >> there we two. david: we have to remind people we're coming back for trading on friday right after the new year.

>> we'll be here tomorrow. david: new year's eve and day after new year's day. thank you, larry. >> that's it for dave and myself. we'll see you tomorrow night. "willis report is coming up next gerri: hello, everybody, i'm gerri willis. controversy, controversy over the increasing number of colleges and universities offering new financial aid to students from the middle class who are earning salaries up to $150,000 but is this solution to the ever growing costs of that four-year degree? joining me, campus reform editor-in-chief, caleb bonham. welcome to the show. $150,000 income how come they need more financial aid? >> that is what a lot of people are asking. colleges are a business and we're starting to realize that. gerri: if they're a business with a lot of overhead. the bureaucracy is out of control.