>> energy stocks rallying. [closing bell ringing] liz: here come the bells. they clank on wall street. finally an up session to give a little bit of sugar rush for the bulls who have been down for the count. as the numbers settle looks like the dow jones industrials charged ahead in the last 17 minutes of the hour, up 186 points. s&p better by 26. a huge swing for the dow which had been the, nasdaq, rather, which had been below flat line earlier today. now sees a gain of 63 points, good for one 1/3%. of the russell 2000 gets biggest pop, up nearly 2%. david: big day for the markets. "after the bell" starts right now. david: let's break down all of today's market action. talk about the late-breaking news about a possible deal between the ecb and the german

central bank. we have with us pete lang who says time to move some of your invests into cash. he will tell us why. a and g capital's hilary kramer is here to tell us where to find value in volatile market. i will ask her about venezuela about which she knows a lot. nicole petallides at new york stock exchange and brian battle at the cme. nicole, i want to start with you. normally we start with you cme but we'll start with you. there is late-breaking news between the european central bank and german central bank. germans are sticklers, if some country goes bankrupt we don't want to pay the bill. >> right. david: is that why the market popped the in last half hour? >> it very well could be. i haven't confirmed that from "der spiegel" myself. that is one of the big bones of contentions, worries about one of the big players in the eurozone, germany in particular. that really shields them from the losses of other countries, like greece, spain, italy, portugal, some of the more

tempermental countries. that would give them a little bit of a safety net with. that we certainly saw everything bounce back here on wall street overall. we have had extreme selling on wall street. you could argue an oversold story. we saw all up arrows. not only equities but commodities. oil and gold and 10-year, 1.81%. there is a correlation between 10-year bond and equities. every trader here on wall street has been watching, 1.78 and 1.80 on the yields. saying there is direct correlation between equities and bond yields. as yields go up so do equities. if it falls below 1.8% that would be a worry. liz: let's get to brian battle on the floor of cme. i don't know if the "der spiegel" news made it to you in chicago.

either way there was optimism from the start. the energy sector is one of the better and what is going on with psychology everyone was terrified by the swiss national bank move and today we have bulls running? >> the swiss national bank news is one. central bank voting they're giving up on the euro. they will take losses. they promised no matter what it took to keep the swiss franc strong, they gave up all on that. this focuses next week on the ecb meeting. swiss are trying not to get run over by the draghi steamroller. you can't underplay the events. bundesbank has long history and someone contribute them or somebody in politics says something and central bank contradicts that. you need confirmation. we'll over 2,000 this week and only congratulate only negative 2% for the year. everything that happened this week, amazing recovery from a

three-day weekend. david: hilary kramer if it is true, we haven't had confirmation from bundesbank or outside of "der spiegel" reporting this news, emphasize what the compromise would be. frankly if the ecb doesn't do its own qe the markets would really tank. they're looking forward to the ecb doing something like that. but again the national central banks will only be allowed to buy sovereign debt of their respective countries. that is what the ecb presented to the bundesbank according to "der spiegel." is that good news? >> it is good news in the sense that everyone is digesting the fact that the european union as we know it and the euro may be about to unravel. that means the world isn't falling apart. now in terms of germ knit 10-year bund which is below 10 basis points could go negative we have to watch on monday. greece, for example, their 10-year yield on their sovereign is nearing 10%. finally countries are starting to separate from each other and

it is really all fine and working out and the price of oil stablized and other news, david, it was really important that jeffreys, the investment bank, came in and rescued fxcm, which was this foreign currency trading public company that found themselves on the wrong side of the swiss franc. >> we also should mention that with everything else that was breaking in this last hour, january options expiration. so that stirs the pot, not to mention all of the headlines that have been out there. let me get to pete lang. you don't care what the headline is. right now you once you put it all in the recipe you taste it. go to at least a bunch of cash. why? why the fear? >> liz, i think falling prays of oil continues to foreshadow the market. the world economy is being and massive change of wealth is occurring. we're waiting for the other shoe to drop in this market.

it is not your parents stock market. consider investing a large eninvestment of in cash. long buy and hold term for assets will be risky. emphasize downside risk management. that is key to protecting your money in this market. david: we'll jump back and forth rapidly. today is still wild. we're still going into it after-hours. brian i want to go back to you. i want to talk about oil. look what happened with oil. it appears it might have found its bottom. it is up, what, four, almost 5% today. does this rally continue in oil? >> hard to tell. i don't think so because remember it's a three-day weekend. there has been a ton of rice action. if you've been short and genius for the week, cover. take chips off the table. oil will go down way faster than comes back. there is easy to cut production. there will be lag time. a lot of producers pump out of the ground and cover debts. if the market doesn't come back, they will blow out.

ripple into the markets and banks and mlps. people lent money to wildcatters and high cost producers they will feel that in the broader economy. price of oil is globally traded, globally priced. hard to tell if we're at bottom. feeling better. glad to see there is some bid for it but would be too soon to say this is the bottle. >> don't forget the iea noted they saw a little upside potential in the price for this year, 2015. that may give, in addition to the short-covering he appropriately mentioned that has been part of it over the last 48 hours. liz: nicole, isn't it training, you're there watching actual plumbing and flows of trading down at the new york stock exchange even knowing that yields on certain financials instruments and stocks are so much better, than the 10-year yield that people are still fearful and going into treasurys because they would rather park their money and know they will get it back with a teeny bit more. in the last hour a guest said go into indian government bonds.

they return 5.7% and why not but yet people are fearful to trade stocks. >> you have to know what your risk appetite is. if you want to be safety player you go to treasurys regardless 3%, 2%, 1 1/2%. at least you know your money is safe. things like utilities and telecom, things that pay back dividends. >> absolutely right. >> those are safety plays. whether a market is booming or a bust, people that will want the safety play will play that regardless. gold saw a pop. don't forget that. that is another safety play. david: let me really talk risk here for a second. i want to go back to hilary kramer. all the world is watching what is happening in cuba an venezuela. they're going around the world trying to collects money, passing the hat in china, iran, places like that but people in the know frankly you have a lot of knowledge, you have a lot of time dealing in venezuela. what do you think will happen

there? is it about to change so there might be opportunity there and also cuba because of our openings to that country? >> in terms of venezuela we'll first see some kind of revolution. the good news is i think this has been expected for a number of months and hopefully we're prepared, the united states is going to have to step in and potentially boots on the ground. it could be that bad. but ultimately, it will be great because pedavesa the oil company of venezuela, david, you point out about the debt, they owe tens of billions of dollars to oil companies around the world, equipment, you name it, so ultimately it will be a positive. cuba, cuba i think it is excellent news that cuba is opening up. of course we have to realize it is all because cuba doesn't have venezuela feeding them anymore. of course it has been years since the soviet union has been around to take care of cuba. but, it means that there is some potential, i think potential in terms of tourism, our cruise

ship industry is excellent. liz: that will play out sooner rather than later. david: think you're right. liz: good to see all of you. hillary, nicole petallides, brian battle. david: have a good weekend. fed tries to keep pumping up inflation to 2%. that goal seems further away. of the consumer prices last month, they saw the biggest monthly decline in six years. of course energy had a lot to do with it. not just here that prices are falling. consumer prices across the e.u. 28 member. with us is peter schiff, euro capital ceo and chief global strategist. i want to get your mom meant on the -- comment on the breaking news with "der spiegel," that they are coming to agreement with germans, that the new plan that national central banks will only be allowed to buy the sovereign debt of their respective countries. that way if one of the countries goes under that germany is not left holding the bag or paying a portion of it.

what do you think of that plan. >> i think it is better than doing full-blown qe. this will limit the scope of the quantitative easing europeans can do. europe will benefit from that. quantitative easing is the wrong medicine. it makes all the problems you're trying to solve worse. we'll find that out the hard way when the fed is forced to launch qe4. david: let's talk about inflation because of course the fed wants inflation. europe wants inflation. the world bank wants inflation. i heard the arguments about deflation, why it is so bad for us but are falling prices really that bad? >> they're not bad at all. they're good. everybody is talking about the benefit of falling oil prices, how consumers catch a break. it is like a tax cut. that is the same thing when the price of anything goes down. if the price of everything goes down it is a even bigger tax cut. we all want to buy more. you said the central bank as a goal of inflation. most people's goal is to be able to buy more, not buy less.

the real reason central banks want inflation because they can't afford to repay their debts. they don't want inflation to wipe out their debts. they don't have integrity to do it honestly but do it dishonest ly to increase inflation. they lie to the public. they say inflation is necessary for economic growth when it is not. david: hold it a second. you are saying that the central banks are essentially bailing out big governments who are not doing necessary things to get the economy working? they're trying to do it artificially through monetary stimulus? >> absolutely. they're bailing out the banks and they're hoping to prop up financial markets, right. the stock market wants inflation. the real estate market wants inflation. but economic growth does not need inflation. in fact inflation is deterring economic growth. that's why the real u.s. economy is actually, you know, going down as the markets are going up. david: let's talk about another

sort of disconnect that usually doesn't happen but is happening right now. gold, that is specialty of yours of course. for decades when inflation came down, so did gold. gold was a hedge against inflation. we have inflation coming down but gold going up. why? >> well i don't think inflation is coming down. i think central banks around the world are creating it. the price of gold is up more than 10% in terms of euros in the last two weeks. of course it is up strongly against the dollar as well. david: hold on a second. oil is going down. the dollar is going up but gold is going up as well. that is not usually something that happens. why is it happening now, quickly? >> well all currencies are being debased. so, yes, the dollar is going up but only relative to other currencies but all these central banks are creating too much money. yes, oil prices now have fallen. they had risen rather spectacularly. i think they will rise again when the fed takes rate hikes off the table.

david: peter, i'm going to try one more time. you're missing big one. the color of my tie, gold. why is gold going up right now? >> because people need a safe haven from paper money, from fiat curren estimate people want to buy something that a central bank can't create. that is what is going on. people are talking now about the swiss franc. you know i said from the beginning that the swiss were going to have to pull the plug on this peg because i said it was mistake from day one. they would have to end it when they got tired of throwing good money after bad, but when everybody has to look not in a rear view mirror but ahead. look at big peg from china and dollar. when we launch qe4 the chinese will have to pull the plug on that peg. when the dollar goes down the drain it will be much bigger, much bigger shockwaves in the financial markets than what the swiss did to the europeans. david: peter schiff, europacific capital. have a great weekend. >> thanks, david, you too. liz: first a collapse in oil.

then a collapse in copper. now a massive move bit swiss that peter and david were just talking about, that is having major ramifications across the globe. what do you think is the next black swan? we've got a panel with some major predictses. david: also, classic car auctions, don't you love them. they hit a record high. sales in 2015 could keep accelerating. a better bet than gold. we're live at one of the biggest auction houses. do not want to miss that, a woody. , look at that, a woody! liz: low oil prices are great for a consumer. there is a big dark slide to the prices. cot negatives outweigh the positive? we're tackling tackling that so, stay tuned. ♪ is it our insightful strategies that make edward jones

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cars. a ferrari you do. if you want a '56 continental, the vice president at rm is one of the best cars if you got 120 to 150,000 buck. >> in its day this car was extraordinarilily expensive more than a rolls-royce at the time of the catalog estimate for this car is well below what it will cost to restore the car. >> show it to everybody, the lines on this car, the best you ever sold. >> best we ever sold, bar none. the chrome work would cost you tens of thousands of dollars to complete. it's a valuable replica car but couldn't re flip kate it. >> maybe your parents and aunts an uncles had something with this. you will sell 45 to $50 million worth of cars this weekend. this is one of then. >> it is very special with with the largest 3.5-liter motor. very desirable you expect. people drive and enjoy these in the sun.

fantastic colors don't hurt. >> car like this, 1971 when this was knew, $20,000 or even less? >> effectively your banker's hot rod. very expensive car to own. hand-made, few built. the largest motor in the bunch which makes it so desirable. >> if you swing around i have the photographer take a quick look at this car over here this is chrysler ghia. these are special because you have italian bodies which were put on chrysler chassis and transmissions and engines? >> original definition of a hybrid, exactly. italian styling, american v-8 power. hand built in detroit with large motors. frank sinatra owned one of these. dean martin owned one of these. these were one of most exclusive cars in america. >> how much does this cost. >> hundreds of thousands of dollars but one of the best examples in the world. >> rm group the largest by sales last year. can you hold the title in 2015. >> we certainly expect to. the market is strong. a lot of new interested parties

looking at classic cars than ever before. >> you were off to a great start. 27 million yesterday. perhaps better tonight. >> thanks. >> as i go to the continental, they have a ferrari coming up three, four hours, it will set the place on fire. could go for $12.5 million. a rare racer we were talking about it all morning. in scottsdale they are talking about it. the 2015 collection auction season is off to a grand start. liz: revving its engines. david: adam shapiro, you have a lovely beat. congratulations. look forward to more of that. liz: this week alone wall street was surprised by surge in swiss franc and plunge in copper of all things. what could be next unexpected black swan event? >> plus if you're on the hunt for a new job, we are counting down the best jobs for 2015. going to be surprised which ones made the top list. liz: we've been hearing all about the benefits from the oil price plunge but are there actually more negatives than positives now emerging? we debate and much more with our

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it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. liz: the year is young but it has been a wild ride with number of big, frankly unexpected market moving events. plunging oil, crashing copper to name a few. what could be the next black swan we need to watch out for? we bring in our panel to help you do that. jeff saut, raymond james chief investment strategist, brian wesbury, first trust chief economist and our own tracy byrnes. jeff, right off the back, who would have you expect, if you woke up people on sunday what would happen bad this week, no one would have said the swiss franc but that caused a lot of gyration in the markets. spin it forward, what could really frighten the markets? >> a lot of things, liz, they don't call them black swans because you expect them. the fukushima was a black swan.

quite frankly i don't have a clue what the next black swan will be but there will be a black swan, whether next week, next month or next year. david: i -- liz: i was trying to push something out of russia but i don't know. brian, what do you think is the next black swan? >> you know, liz, if you go back over this past five years we've had 250 black swans. so, i kind of have a hard time calling it a black swan anymore. i actually think what the last five 1/2 years prove is that the golden goose is laying a lot of eggs. that is why the stock mark is up 200%, even though we have all of these things happening. and, you know, it is kind of interesting. so, for example, copper, you brought up copper, it is down a lot in last couple years and last few days. if you go back to 2001, copper was 60 cents a pound. liz: higher. >> today it is 2.60 a pound. if you want to look over long period of time, copper is up.

that means industrial production is up. that means the economy is stronger than it was back in 2001. liz: tracy brian says the golden goose, golden swan would be something out of washington. perhaps better tax policy might help things but do you see a black swan out there? >> bipartisanship would be a black swan coming out of d.c. if we go to the definition. to jeff's point, something you're not expecting. at this point we're expecting you know what to hit the fan from all angles. i think an attack on financial system, a cyberattack on financial system, a hack attack would be a huge, huge hit to this economy. liz: possibly. that affects consumers, but consumers are enjoying low gasoline prices. what is the dark side to lower oil prices some may now say outweighs benefits? brian we started to she shades of very dark gray today, we have royal dutch/shell, stopping projects of more than six 1/2 billion dollars and we see

schlumberger cutting 9,000 drops. >> no doubt we'll see job cuts, lower profits, less investment in the oil and gas second tore. liz, no doubt we're going to see that. here is kind of a fascinating things. if you go back to 2009,. only 2% of job growth has been in oil and gas. it is a boom for north dakota, mid lan, odessa texas area things like that. it all the growth for those areas. but for the economy alone only 2% of the growth. corporate profits, just 3% of corporate profits come from oil, gas and coal and so -- liz: you're saying it doesn't matter that much, but, jeff saut, to me i will take cheaper gasoline because there are more of us than oil companies and frankly that is the trade i want to see. is there a darker side to it or slightly lighter side to the benefit of lower oil? >> i think brian is right on. we ran the numbers and it only impacts about 230,000 jobs. if you talk to exxon and

chevron, they're moving drilling rigs from the high cost areas like tuscaloosa trend to permanent mean where the doctor per mean. i would remind you that boone pickens all this started said thought it would stop on price decline basis in the 40, to $45 area. my energy team does indeed think we're making a low. they have a price deck at end of the year of 62 bucks. liz: it is 48 today. >> can't take away from states that will feel it, north dakota, texas, louisiana. they might see a mini recession in the state borders until this works itself out. that will affect all of us. liz: great discussion. coming up, despite all the world turmoil consumers an investor are quite optimistic. is that warranted? dissecting the tech sector, where are the real bargains, david, particularly subsectors of technology?

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you. how are you feeling? the latest sentiment survey about consumers show more investors are actually more optimistic. this as consumer sentiment rose to the highest level in more than a decade. 11 years, in fact. what is fueling this optimism? we're back with jeff saut, brian wesbury and tracy byrnes. everybody so excited. over what? >> earnings are great. corporation are in a great place. every policy came out of the white house supposed to help the middle class has done nothing to help rich get richer. more money to the market. we're still prettiest girl at prom at end of the day versus what is going on overseas. kill the franc. kill everything else. the dollar will go up. liz: is that you laughing, jeff? >> yes. tracy is spot on. i was in europe seeing 200 portfolio managers. all they wanted to talk about u.s. equities and markets are going up, and dollar is going up

and irresistible and they're underinvested. i would add to that. the u.s. consumer is ebullient and at low end of wage scale with a $200 tax cut with the gas coming down at pump. liz: brian, we were at ces consumer electronics show and it was most optimistic year in the past three or four. >> liz, we're riding a wave of new technology, just unbelievable stuff. cloud, smartphone tablet. forget fracking and 3d printing. that is out there. it is bringing manufacturing back to the states. on consumer side we have all these new technologies which are making our lives better. and to go to jeff's point, tracy's point, look, $500 million a day is what additional purchasing power is, because of the fall in the price of gasoline. so no wonder consumers are ebullient. liz: i'm glad you brought up technology. that is our next subject. when you know central bankers

will prop everything up, especially here. let's be positive at the moment, even though we know the truth that is a little fake. >> the thing is along that point of view, the euro, everybody expects draghi to come in to do qe and help the european economist. yet the euro is collapsing. qe isn't going to help anything in europe. that's why we're doing so well relative to them because we got rid of qe and they're thinking of starting it. liz: brian, you just talked about electronic gadgets that are making our lives better. well, from gadgets to social media to hardware to software, 3d printing, a lot of places you can put money to work in the tech space, which ones will rein this year? i hate it when people say, i like tech. which part? there are about a million. >> we like tower stocks. you can see your computer is going into the mobile device more and more every year. you can't use it if you don't have a hook up to the internet. you think of the tower stocks as real estate in the sky. liz: tracy?

>> anything that, like makes my house smarter. if you can cook, i will buy your stock. honeywell put out the lyric, you have the nest. you have all the fabulous things out there. i think that is were the future is. liz: brian, what about you, which subsector of technology is a winner here? >> i know, liz, you're trying to push me down a narrow road. i will say a broad, look if you look at s&p 500, the information technology component, it is a little over 90 stocks. i think it might be 95, their pe right now, next year is, next year's earnings is 15.8. the last 10 years it has been 18.8. these are undervalued, underappreciated stocks. i would look at whole sector. liz: i'm going with pocket calculators. oh, wait, that was last millennium. good to see all of you. thanks for joining us in our roundtable and panel. jeff saut of raymond james, brian wesbury of first trust and

our own tracy byrnes. david: that was fun. coming up president obama, british prime minister david cameron laid out plans how to tackle the growing threat of terror here in the u.s. and abroad. how did the president respond to iran? will he vetoing more sanctions? we'll go live to the white house. after another year of lackluster performances, hedge funds are they, actively managed funds are they a ripoff? some people say they are. we have a guy who has been saying that for year, that they are overpriced, overvalued. he will tell us his top plays next. ♪ no photos of men tworking on ranches.. just a ram 1500 ecodiesel that gets 156 more miles per tank than the ford f-150 ecoboost.

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david: 2014 was a rough year for actively managed funds. only 13% of those fund posting returns above s&p's 13.7% gain for the year. liz: so if investors are not reaping the rewards, is now the time to pour your money into index fund? we bring in a guy who is very opinionated on this. he is buckingham advisors director of research. larry, you have been beating the drum on this saying, you know what? are you paying somebody to lose money? that is ridiculous. warren buffett is guy say only put it in an index fund. tell us what your theory is.

>> well, that theory is pretty simple. while it is certainly possible to outperform the market, and there are people who do it every year, but the evidence shows that over the long term, very few people are successful. and the longer the period, the fewer the people are. so, sort of just as you would find that the roulette wheel and crap tables, the surest way to win the loser's game of active management where most fail and simply not to play. to take buffett's own advice, invest in index funds. he says if you do so, you're virtually guaranteed to outperform the vast majority of investors, both institutional and individual. david: but larry, for the past three years we've had extraordinary gains for indexes. that is not likely to continue. already this year we've seen tremendous volatility, ups and downs and so forth. aren't hedge funds, so comparing the past, how they have done in the past three years is a little up fair because they have been

so unusually good for the broad indexes. don't hedge fund do better when it is really volatile or down time? >> well let's first address a key issue. one, don't confuse indexing with exclusive use of s&p 500. and evidence is very clear by the way, that active managers do at least as poorly relative to their benchmarks in bear markets if not worse. david: really? interesting. >> than they do in bull markets, yes, absolutely. secondarily, look at the last 10 years. we've gone through big bull and worst bear market since the great depression. the last 10 years anyone can look it up, hfrx, hedge fund global index, earned a rate of return of about 1% a year, underperforming virtually every equity asset class. even underperforming incredibly safe one-year treasury bills, let alone a reasonably balanced

60/40 global portfolio which clearly far outperformed that. hedge fund are not investment vehicles. they're, they are compensate session schemes meant to transfer money from the wallets of wealthy country club members to the purveyors of the product. liz: see, i said, he is opinionated. larry will not disappoint here but let's talk about your better ideas then. you've got some picks here. and fees are much, much lower than what you might expect for some of the hedge fund guys. the returns are pretty decent. let's start with the bridge way omni small cap value. if you like small caps. as you mentioned, don't just confuse buying s&p with index investing. tell us about this one. >> right. well, it is important that investors understand that not all index fund, even within the same asset class, are created equal. i would encourage listeners, you look at three fund all excellent

choices. vanguard small value fund, dfa small value fund and bridge way small value fund. if you look at the metrics, you can do this on "morningstar".com, you will find vanguard fund is 3 billion average market cap, dfa about 1 1/2 billion and bridgeway's fund is closer to 600 million. so it is much smaller. and also the p-e ratios and price to book values, et cetera, are all much lower on bridgeway, in the middle in dfa and highest on vanguard. so what you would see is, at least in the long term, small value stocks outperformed. so you would expect the bridgeway fund to outperform in the long term, the dfa fund to be in the middle and the vanguard to be the worst. but, in a year like last year, when small and value underperformed you would actually expect bridgeway to do

the worst because it has most exposure to these underperforming. that is exactly what happened. liz: good stuff, larry. by the way we'll put all of larry's picks up on facebook.com/afterthebell. we'll put fees, david. because they're extremely low. david: good suggestion. make money. for millions of americans looking for a job, "u.s. news & world report" has list for best jobs fifth president of pay, manageable work, life balance and good prospects. some are real life careers. look at top five, number five, dental hygienist. average salary is more than 71,000 bucks a year. it will be expected more than 64,000 openings in that field this year. number four is a doctor. a lot less than needed. median salary for a doctor, more than 186,000, with unememployment rate .7%. 123,000 job openings there expected this year. at number three, software

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he is talking about encryption software, one of the big asks from the british prime minister at the white house, google, facebook, apple, all employing increased encryption software, allowing talks to talk over their networks without anyone else having ability to read what they are saying. something that the fbi director james comey said apple was impeding law enforcement, something "the wall street journal" reported that the white house asked the fbi director to back off a bit and president obama was asked about this today and he did acknowledge that technology does pose a security challenge. >> we have specific information, we are confident that this individual, or, this network is about to activate a plot, and despite knowing that information, despite having a phone number or despite having a social media address or, email address, that we, we can't

penetrate that? that's a problem. >> the president says that civil libertarians should be part of this debate, especially in the wake of the edward snowden revelations. also the president says they should have the ability to track this information though in a way that is legal and conforms with due process. they are also saying, according to the president, that the administration officials and tech companies are working through this. some stumbling blocks however, are technical in nature, getting technology to work. those discussions continue between the companies and government. david: i have to mention the president also said that he has plans to veto congress if congress comes out with any further sanctions on iran. that could cause problems down the line as well. rich, thank you very much. >> thank you, rich. david: coming up, volatile week rallying up 190 points. what is ahead for next week. we're back with the number one thing to watch coming up next. >> hi, everybody, i'm gerri willis. coming up on my show at the top. hour, how do you fix errors on

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headed to 2015 economic forum. the fox business team braves cold high up in the mountains to bring you best interviews, the best guests, world leaders. oh, yeah, look at that. even a polar bear walking down the street. an ersatz polar bear. we have a little fun. we run into bears and food and cozy area. we always talk to the. we share -- we're on top of each other. we speak to biggest leaders with major impact on the global economist. here's a sample. bill gates, the cofounder of the bill and melinda gates foundation. mukhtar kent, chairman and ceo of coca-cola. bob greifeld, chairman and ceo of nasdaq. ceo of the carlos ghosn of nissan. howard lutnick, bcg partners, cantor fitzgerald. ceo of dow component cisco, we're joined by john chambers.

rich gelfond, ceo of imax. michael corbin of citigroup. doled did i hahn. actress -- goldie hawn. there are a couple of celebrities. starting tuesday, but on wednesday, "after the bell," we have got mark wine merger of ernst & young. this is fascinating. andre cost ten of btb bank. this is a russian bank. how are sanctions affecting him? this will be big exclusive. we have the steve from bain capital. john key the prime minister of new zealand. we'll talk to him about facing terrorism. friday we're sitting down with the ceo of lloyd's of london, insuring against all kinds of things. you can only imagine now. and bain & company. so much more. john chambers. we have joe jim men necessary of novartis a swiss company. -- jimenez. david: very big names we'll be

watching. time for number one thing to watch. jeff saut, raymond james chief investment strategist. i don't know if you heard news. but there is apparently a deal, according to "der spiegel," with ecb and german bundesbank that would be acceptable to germans they were sticklers for new ecbqe plan. they would only be allowed to buy the sovereign debt of their respective companies, if one of them defaults germany wouldn't let them be holding the bag. will that deal work? >> that is one of the rumors that circulated today that cause ad throw back rally as technician would describe it. you will get announcement next week by bank of japan. i'm watching that closely. you will also get ecb announcement t would not surprise to see a lean towards quantitative easing by draghi. david: boy, if they have a deal the germans could go for, that would really move the market. liz: 500 billion or more of. that we'll be seeing that.

thank you very much. david: have a safe trip. liz: that. see us starting tuesday. we'll be in davos, switzerland. david: "the willis report" is next. have a wonderful weekend everybody. gerri: hello, everybody, i'm gerri willis and this is the "willis report," the show where consumers are our business. food police strike again. wendy said no more sod todays with kids meals. what is next? no more fries with that. police indict a couple when they let their kids go home from school alone. they say it is child neglect. they say they know how to raise their kids. southwest is fined for letting passengers get stuck on a plane for hours. is this real enforcement or a slap on the risk. four out of five credit reports have errors. doesou