we'll end the quarter with positive gains.f those three indices, particular lly the dow, which looks like it could hit double digit returns. if we look quickly at the u.s. ten-year treasury note, we did see a little bit of a slippage yesterday, at 2.55 at the moment. so still some way from those highs of 2.64% in terms of yields that we saw two weeks ago. significant moves. >> we'll talk about the markets. the resilience and strength is amazing. we have data out of asia to report. in japan, industrial output rising 1.5% in november from the previous month. that was roughly in line with expectations. retail sales also increased in november. inventory fell for a third straight month. in china, reported strong performance in the fourth quarter according to the china beige book survey of 3300 firms helped by hiring and an increase in profits. manufacturing sector also improved from the third quarter with more than half the country seeing revenue gains. inventories rose at a record pace. >>> to europe, a fresh read on business conf

because the gains here could be absolutely stunning. and it would be down right foolish to pass up the opportunity to own the winners even if it means picking some losers along the way. when you're in your 20s and 30s, you should be investing like a young person, not like an old man. that means taking at least a few kinds of risks. let me give you an example that sheds light on the situation. when "mad money" initially came on the air back in 2005, our very first ceo interview was with a tiny biotech company called regeneron. at the time, regeneron was a biotech that had been kicking around for 17 years. 17 years without ever really developing anything noteworthy that could move the needle. since then, though, this company has become a powerhouse. with the stock taking off into the stratosphere based on the surprising strength of a macular degeneration formula and continuing to roar on a number of other break through therapies. fast forward ten years to the summer of 2015, and regeneron stock had traded all the way up to $592 before get

you can see gains across a lot of the indices here, spain up .9%, gains and greece, austria, norway in the fx space, what you're seeing is a little bit of a pause in the post-fed dollar rally. that's translating a little bit of a higher start 12433. we've seen the euro had higher today as well. yields, if you look at the core tracking 10 year treasury yields lower. up some sevenr basis points. a bit of a mixed picture in the fixed income space. in commodities, brent crude up 1.6%, and if we take a look to see how this is translating into the stoxx 600, europe's equity benchmark is up for a second day heading for this highest close in almost a year, set for a second weekly gain as well, up .4% intraday at the moment. i take a look at the imap to show you how different sectors are performing, no surprise that energy stocks are leading again up 1.2% with those higher crude prices and we are seeing a pretty broad-based rally in terms of the industry groups. one of the stocks we're very much focusing on today on m&a news is actelion, the best performer on the stoxx 600 up 11% intraday or th

>> it depends on how many gains you have.ou made a good point about washing gains and losses. it comes down to the environment where we think we may be in terms of interest rates. bond funds with losses may be bond funds with more losses next year, and you have to think about that as well. >> dom, thanks. >> you got it, guys. >> dan's got a strategy for options. >> let's talk about collaring your stock. when somebody wants to hold on to a position, you may think about buying puts against your stock. but here is an example, you may have some short term very large gains that were unexpected, and you don't want to pay tax on them this year, you think tax rates will be much lower in 2017. you just need to bridge the gap between now and 2017. one way to do that would be a collar. one of the reasons we want to do a collar rather than a put purchase is we want to minimize the amount of protection against those gains. i want to go through a quick little playbook here with a collar. you would do this because you want to be tactical ab

we are looking at gains as we wrap up this year. let me give you an indication of what is happening in australia. australia is very much a risk appetite sort of story. if you look at the things that have been bought up in this market, six out of the last is the mining stocks and energy, to a lesser extent. some group right here is really leading the gains basically. some of these at names, 2.7%. you go through the list, these are the biggest mining companies . some of these guys basically, in the world. gold also in play, very much. $11.40 an ounce. where we are for dollar yen, have a look at the open in japan, not much reaction to the data, but again, very positive. be tell trade, highest since october 2015 and industrial production, preliminary highest since march 20 14. nikkei 225, here we go. that is the open. at one point, i don't remember exactly when it was this year, or the year ago, we were talking about 20,000 here for the nikkei. we'll have to talk about more. we are looking at a little bit of weakness there. have a look

you mentioned a sixth week of gains for the dow. modest gains this week across the board.ll the strength continues. dow futures are up a little more than 13 points. s&p up one. nasdaq searching for direction after another negative day on wall street. dow closed off the highs, at one point was 50 points away from the 20,000 level. early indications in europe right now, it's been a strong week for europe as well. a mixed picture again this morning. the german dax positive. ftse 100 in the uk also an out performer. italy down 0.2%. small moves to close out the week. a calm week, a week in which the federal reserve spooked the bond and currency market in terms of a more aggressive forecast. let's show you the action in asia. that's where we have been focused, post fed. hang high closing up 0.2%. the nikkei in japan has been a winner off the back of the weaker yen. up nine days in a row. hong kong closing lower, not as sharply as yesterday. >> as we said at the top of the show, european equities, japanese equities benefiting from the stronger dollar. >> bringing on those weak c

wti up 45%, the best gain since 2009.gold even with this huge decline we saw is going to finish positive for the year but not by much. we finish the year at 1151 on the price of the precious medal. >> we are ending the quarter with financial stocks. only three financials up today. goldman today and good to see jp morgan and travelers. only three stocks and they had been slipping. a little stability in the financials is a good thing. remember with the overall markets right now we are 1% from the historic high and the advance decline line still positive. in other words, there is still more advancing stocks than declining stocks so everybody says we make dow 20,000. i am disappointed, too, but the markets are in great shape. >> another great year. 25 years bill and i have been together. >> keep doing it until we get it right. happy new year. >> the cast of cagney ringing the bell. a lot of pairing off went on with those sells. no dow 20,000. wait until next year. stay tuned for the second hour of "closing bell" with kelly ev

but can we hold onto the gains in december? the debate straight ahead >> and the trump transition president-elect hits the road for a tour today. he makes his way to the white house. >>> plus, tiger is back. the 14-time major champion making a highly anticipated return to the fairway. it is thursday, december 1st, 2016. worldwide exchange" begins now. ♪ >>> good morning. welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> good morning to you from me as well. it is is throw-back thursday. artists on on forbes's list of the highest paid musicians of 2016. first up. >> obviously. $170 million. >> did you see the increase? it was about half of last year. big gains. >> let's check on the global market. >> it is is important. >> very important. first day of december. dow futures start strong. a little bit. up 14 points. s&p and nasdaq both negative. we saw this in yesterday's session. s&p down two points. nasdaq down five. on this first day of the month, here is a look how the markets closed out november. s&p 500 up 3.4%. and

its fifth straight annual gains. that market is quiet and we don't talk about it a lot because it is quite small. a nice rally the past 15 years. 11 of the past 15 years, we have seen markets here at five straight into this year. australia has a short trading session p.m. korea is already closed for the year. south korea just managing to buck the trend. overall in east asia, the second year of gains in south korea. the nikkei 225, .7%. topics -- that the the topix is clocking in its first loss since abenomics. have a look at taiwan. we are up 10% for that market. , retracing some of these extremes. to 47.-year yields back -- 2.47. japan is well anchored at these asset levels. let me end with a look at oil, which is continuing to hit extremes. course, thatof opec a non-opec producers deliver as promised. 53.54 for all intents and purposes. story. the other market verylizing after that eventful trading day. we do know it's not driven by any sort of specific news. watch out 2017. algos, man versus machine. donald trump

great gains for the year as a whole. slight gains in the futures market. post-year. >> happy new year from all of us at "worldwide exchange." "squawk box" is next. where,n l of ts,is the sff r the akes are so your fanans, futur how do solve t you n't. yopartnewith a firm that adand e fortune 500, d, caneliver iight person to person, ontters moan staeym that adand e fortune 500, anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >>> good morning. russia in retaliation now. president putin responding to u.s. sanctions in the wake of alleged election hacking. >>> oil prices are on track for their biggest yearly gain since 2009. we'll bring you predictions on what next year will hold for oil and other commodities. >>> and futures indicating a higher open on this final day of trading. we'll update the sector score card and talk strategy for next year.

we have been gaining 20% since that november 20 announcement out of opec, and those gains continue todaytion cuts in eight years for the group itself, and non-opec in russia joining as well. sophie: the question is whether the momentum can continue. we are eyeing that 60 level potentially, but whether opec will commit is the question. we will be talking about oil and 12 minutes. sophie: trading in indonesia is getting underway. we are seeing asian stocks at six week highs today, so continuing that strong rally. i want to show you the oil and is where thes this action is today, i solid moves in crude, lifting the regional producers today. australia,s in froms up by 4%, good gains oil search and woodside petroleum, woodside at the highest level since october last year, but gains right across the board. a tro china up by over 2%. -- petrochina china up by over 2%. we are seeing that rally lift most of the markets today, this of dollar strength story lifting the nikkei with that weaker yen, up 1.3% on friday. we saw the topix reverse 2016's losses, both of those trading at highs we have not

you walk in january 3rd here, you have 10% gain on the year, you have 30% gains from earlier in the yearif you're long stock and worried about their guidance, and i think guidance will be poor, you may want to replace stock with a call. look at the february expiration when the stock was trading at 116 today you could buy -- [ inaudible ]. >> all right. we're obviously have difficulties with dan's connection. we appreciate his time though and his apple trade. so, mike, why don't you quickly comment. if we can set up the graphic. >> yeah, february 120 call and this is, again, sort of like the other story we are talking about, a little over -- you know, it is 2% of the stock price give or take. i think this trade makes a lot of sense. this is something that moved 10%. could it fall back that same 10%? very easily it could. you're not risking a whole lot. you have maintained the upside and you basically give yourself an opportunity to have the upside exposure and you can play another day. much like the other trade. if it falls to a level of trade, that's where you could look for puts, puts t

the catch is that they both always call for an average 10% gain in this year we gained about 10% which there is also the idea that they literally stick by their calls. and they tested them dropped their calls after the first month of the year when stocks fell. vonnie: and nobody predicted a donald trump victory. oliver: no one said we would get back to the levels because of donald trump. we know that forecasting has problems. we could not really watch the the forecasters themselves. it's not a science that will go away anytime soon. as you were saying earlier, you are apparently [indiscernible] oliver: absolutely. vonnie: i knew you are telling a fib already. i was going to award you the prize. don't put me in an uncomfortable situation. we want to end on a good man -- on a good note. vonnie: they both tie for the chart of the day. take a look at where european markets ended the year. another few hours in the europe -- in the u.s. session. ♪ ♪ vonnie: it is noon in new york, 5:00 p.m. in london and 1:00 in hong kong. i am vonnie quinn. oliver: and i am oliver renick. welcome to "bloomb

that 5.1% gain far above the half a percent gain that analysts had been anticipating.lier was the a chrysler, sales down by 14%. of the estimate was for a drop of 9%. also looking at the ripple affected -- among other types of auto stocks. auto parts are trading higher, from delphi to lear. if you look at companies like autonation, for example, we see some gains, there. thank you, for that. now we want to get to our next entry, the mexican peso tumbling against the dollar. this amend -- amid news that -- during is with more is bloomberg's economics editor, michael mckee. michael: the deputy governor of is aank to mexico, it matter of fortunate timing for us that you were able to join us. that he is, resigning because he had applied for the job that he knew he was a finalist -- we knew he was a finalist. what does this mean for monetary policy in mexico? we think of the central bankers in the united states as the people who drive policy. will we have a bit of a policy vacuum? >> it is an important honor for the country, and a privilege or distinction that is .ell-deserv

she's going to have a big capital gain on that. she had some bonds that just it their 30 year mark last month. can i delay caching the bonds in so that she doesn't have to count that as income this year? aboutreading something depending on when they were issued, they have to reach maturity. i did not know what that meant versus they paid interest for 30 years. guest: we were talking about ee savings bonds. i suggest you go to the website where you will get it all. i am not certain if you can can postponeou reporting that interest. that's one of the changes. i hope you are taking advantage of the capital gains exclusion. at least $250,000 is tax-free. if she owned it with your data, you have to be careful. jointdied, if they were owners than the basis of the home increased. make sure when you are figuring, take advantage of that step up in basis as well as the tax-free exclusion. host: john is colin in from montana. good morning. caller: thank you for c-span. selling question about a primary residence. you just mentioned the tax rul

the first gain since february. minister shinzo abe has visited pearl harbor, the first japanese leader in decades to tour the site. he did not apologize for the strike which killed more than 2000 people, however his visit matched president obama's visit to corrosion earlier in the year and he likewise stopped short of apologizing for the use of an atomic bomb on the city. harrison ford has led tribute to the actress carrie fisher, who died at the age of 60. ford, who appeared as han solo enforcer with movies, said she was one-of-a-kind, brilliant, original, funny, and emotionally fearless. fisher suffered a heart attack on a flight from london to los angeles on friday. global news, powered by more than 2600 journalists and analysts in 120 countries. as is bloomberg. anna: thank you very much. it could be a difficult start to the year for china. january 1 is when an annual $50,000 quota to confer the yuan resets,eign exchange with concerns there will be a rush to sell the currency. regulatory assessment tightening l

it's time to stand up for the gaines family. and here's what's interesting is that this agenda to silence men and women of faith and really to silence anyone who disagrees with the sexual revolution, the ceiling has become the floor. now to where we are today where jason and i, we were actually fired for simply voicing our opinions about marriage and sexuality within the context of marriage. the gaines are being pressured because they simply attend a church that has a pastor that speaks about our traditional beliefs. this is an absolute witch hunt and we knew we had to come to their defense. >> the gaines have not said whether they agree with these things that their pastor has said. the question buzzfeed is raising is do they. this is the pastor and the church that the gaines atent. he's listen to the controversial comments that buzzfeed is focusing on. listen. >> this is a clear biblicaled e ad admonition. homosexuality is a sin. a lie. homosexuality is not a sin. the statistics say that over 90% of people who are in a full-blo

rishaad: who gains from all this? stephen: other nuclear reactor makers could gain.while, westinghouse was thought to be the preferred in china. there were going to secure maybe 12 reactors in india. since the fukushima disaster, china has put a lot of money in developing their own nuclear technology. they are constructing currently their first homegrown reactor, which they could export to markets. and according to some a la no lists, that reactor -- to some analysts, that reactor is 30% of westinghousehan a reactor. so maybe china is the winner in all of this. rishaad: thank you very much. moving to the first word headlines. japanese prime minister shinzo abe has visited pearl harbor. did not apologize for strike that killed more than 2000 people. matcheshistory president obama's trip to hiroshima this year. says it does not objective china sending warships past taiwan. an aircraft carrier and five other vessels sailed past on monday in what beijing said was a routine training exercise. sayington responded by that the u.s. recognizes the lawful use of international

headed for its first annual gain in four years. that is producers from inside and outside opec prepared to cut supply a bit to stabilize the market and reduce the swollen inventory. let's take your call on oil. how optimistic are you that the opec move is going to work and really be able to hold prices in the $55 a barrel range? >> well, we surveyed some analysts last week just before christmas and the consensus was for a modest gain in 2017, for prices to average something like $58. it is about $56 at the moment. that is pretty much the status kuo. we're going to see this bat until 2017. something we have talked about all of this year, which is between opec who are now trying to reign in oversupply and the u.s. share industry, which many think are s going to increase production. he was saying we were learning every month we have to relearn the numbers on which the shale guy consist make the math work. this keeps changing. we're learning all the time where they can be profitable. >> i think for some perspective here, we have seen s

gaining some traction, you could say, today. show you what has been happening in this part of the world. i'm going to show you some of these indices. gains in saudi arabia, up 1.27%. keep an eye on what is happening in egypt. foreign investor appetite, still driving the resilience. the first wordon headlines. : qualcomm says it will appeal against the south korean antitrust ruling. trade commission says company co-worst companies into signing contracts. they are also under investigation in the u.s. and europe. airbus deliveries to its top customer delayed. they will be shifted to a year later as demand for four engine airliners fall. iran canceled an order, but they say they plan to deliver -- -- australianmped retailer wolworths jumped. the funds will shore up wo olworth's balance sheet. teaming up with panasonic to make solar cells in new york state. production is set to begin in the summer and may bring 1400 jobs to the buffalo area. haslett is expanding its manufacturing business in the u.s.. elon musk is on donald trump's b

eroding annual gains.t has set high expectations to boost the dollar and deliver money out of the haven. and it john glenn the first american to orbit the earth has died at the age of 95. the historic space mission made him a hero and then he followed with a career in the senate. he was a fighter pilot in two set and as a test pilot, he a continental speed record. you can find more stories on the bloomberg. manus: thank you. we will get straight out to -- fornici has undone losses 2016. this momentum is building. and the yen is under pressure. happy friday. julia: happy friday. yes, a very good day for japanese equities. we saw them at a six year -- six day high. and looking at 1.2% on the close. as we said, it is about the dollar strength. there has been a lot of momentum coming through in the japanese equities over the couple of weeks. shanghai looking good. we had inflation at better than expected. .t is up seven/10 and we have casino players coming under pressure. this is at a report that the atm withd

oil producers, energy gaining in japan, the yen weaker as well.there we go. ,articularly true and australia singapore as well, a move to the upside. i rising tide is lifting all the boats. haidi: in hong kong, gains except for property. weakness still across these developers. this is bloomberg. ♪ announcer: from our studios in new york city, this is "charlie rose." jeff: good evening. news,eff glor from cbs filling in for charlie rose, who is traveling. we begin with the economy. president-elect trump has outlined an ambitious economic agenda. he has proposed a massive public spending initiative on roads, bridges, and other infrastructure. he is expected to roll back regulations and introduce tax cuts not seen since the george w. bush era. today, trump announced to cabinet appointments, tom price, a staunch critic of obamacare to lead the health and human services and elaine chow.

we did see gains driven by petrochemical shares in the last session.lloway joins us live from abu dhabi. walk us to the technical indicators here. outy: as you rightly point at 65%, this isn't only the highest proportion on the in years, it is the index with the greatest portion in the world. this chart illustrates it quite starkly. what sell signals are we talking about? moving average crossovers, gauging momentum in the stock. when the stock price to verges from these moving average crossovers, it usually signifies the end of the trend is coming. the trend so far in saudi stocks has been relatively good. since saudi arabia sold that $17.5 billion make a bond, the entire share index is up by a third info you. prices hasy in oil helped somewhat, so the question is whether or not we should be paying attention to this technical analysis. a lot of people have strong feelings about technical analysis indicators, but that proportion, 65%, is a big number. it's not all bad news when it comes to gulf stocks, is it? that's right. if you look back to the beginn

and this is the path that i took when i went to meet shawn gaines. >> 29-year-old shawn gaines had spent most of the last six years in the special management unit, awaiting trial on a first-degree murder charge that could land him on death row. >> i've lived here longer than i ever lived in one spot in my entire life even growing up as a kid so it's just, you know -- i have yet to call it home, but it is what it is. >> gaines may not have wanted to call it home, but his security threat ranking dictated it. he was segregated because he was once a major player in a violent arizona skinhead movement. >> i was the notorious leader of that skinhead group. my lifestyle was full of hate and violence. >> so with all of that hype, i was expecting shawn gaines to be a very intimidating character, but when i first met him, he wasn't. he looked a little bit more like a benign, pudgy teddy bear, and he was nice. >> i've taken up drawing. i can't quite say i'm an artist but i like to draw a lot and three times a year i draw a large stack of cards, and i donate them to the children's hospital. >> but g

i'm not going to trigger tax gains. i would love them to come back and -- i'm slow cash. >> long r it's not mutually exclusive to agree with what steve is saying and say a consolidation will be welcome. >> let me ask you this, then. if i pose the question, is it tougher right now -- i want everybody responding to this. we'll go around the table first and, kevin, i'll come to you. is it tougher to buy something new or to sell something that's gone up? >> you know, you think the market is going to keep going up. >> the function of what strategy ewe running. it's a function -- it's a function of what -- >> or tax deferred. >> i'm trying to make it more of a market call with you guys in and of itself, right? >> i think it's tougher to sell something that you own existing because uncertainty has faded. we're past the election now. i think that the forward looking economy and the forward looking market is a lot clearer over the next year than it has been over the past year. from my perspective i think we eliminated a lot of u

a gain of about 1/10 of 1%.s is bloomberg. ♪ vonnie: let's get back to your's banking sector and the challenges posed by the brexit vote. earlier this month, francine lacqua sat down with douglas flint. she asked him what the bank wanted. >> the option you think might happen, the sooner you think , which meansity , tocan discard the options make sure for our clients and that they can begin their fares and to business as usual. the sooner we could get to an element of clarity. >> we know they had been working on some kind of a transitional agreement. >> when he think of the regulatory forms we have been, when reforms are finalized, there is usually a two-year time implementation. collecting information that is required and so on, it is that is as significant as changing the relationship with your, that you can say on day zero, we are moving from that system and day one, you can accommodate everything that has changed. that is some transition. in terms of planning, if there is not a believe that there will be a ti

the question is will monday's gains put us back on a gaining track.e hit all-time highs for the dow. last week, we had falls. the dollar has been falling. >> it running out of steam? >> exactly. the ten-year treasury node has ma paused at 2.4%. >> there's hope for the ecb on thursday which is widely expected to extend its qe program. if it didn't t would be seen as a disappointment, especially after the italian political mini shock. and the fed next week, there is a baked in chance of a rate hike. the tone and the forecast for next year always moving. to the fallout following that italian referendum. italy's president has asked prime minister mateo renzi to delay he stepping down until parliament passes a budget for 2017, which comes later this month. the president will then call early elections or seek the formation of a caretaker government. >> the corporate impact of the italian referendum, shares of banca monte dei paschi siena slipping as the fate of the world's oldest bank hangs in the balance. they are running out of private sector solutions to

it's time to stand up for the gaines family.e's what's interesting is that this agenda to silence men and women of faith and really to silence anyone who disagrees with the sexual revolution, the ceiling has become the floor. now to where we are today where jason and i, we were actually fired for simply voicing our opinions about marriage and sexuality within the context of marriage. the gaines are being pressured because they simply attend a church that has a pastor that speaks about our traditional beliefs. this is an absolute witch hunt and we knew we had to come to their defense. >> the gaines have not said whether they agree with these things that their pastor has said. the question buzzfeed is raising is do they. this is the pastor and the church that the gaines atent. he's listen to the controversial comments that buzzfeed is focusing on. listen. >> this is a clear biblicaled e ad admonition. homosexuality is a sin. a lie. homosexuality is not a sin. the statistics say that over 90% of people who are in a full-blown homos

it gained 23 out of 36 trading days. how much stress is there in the dollar to come under trump comment what is it mean, how is that driven by your inflation expectations? thehe key will be relationship with europe and japan and the monetary divergent. and there is huge monetary divergence between the u.s. and what's happening in japan europe. ultimately is going to go with the u.s. in terms of its monetary policy. the geopolitical relationship with the u.s. and the trump administration is important to japan. in the case of europe, we will see growing divergence. is going to be difficult for the ecb with all the elections coming to shift its monetary policy in line with what's happening in the u.s. after that when people are talking trade potential in 2017, the trade war we have to focus on his hostile conflict between europe and the united states. is the u.s. really going to sit back under president trump and except that germany is running the current account surpluses. strong dollara against the euro but not against th

first let's check on crude oil, looking at a 45% an ideal gain, and -- annual gain, and how about goldt the same massive runup as oil to, but still the largest one-year gain since 2012. what's interesting here is that you see that gold has real ups and downs, and people were trying to guess where's gold going. let's start spinning forward to 207. traders at the new york stock exchange, cme group and the nymex. teddy weisberg, you've seen them come, you've seen them go. what a year it's been. but let's all agree on one thing, anybody who got spooked whether it was by brexit, venezuela, anything that happened here, the attempted coup in turkey, lost out because we've seen some great wanes this year. >> -- gains this year. >> oh, yeah, absolutely, liz. the best course of action this year was to hang onto them and do nothing. you know, a year ago january, early february, we were in the doldrums. i mean, we were in, we were in kind of big trouble stock market wise, and what a great recovery. and a lot of it, quite frankly, came on the heels of the, what i would call the white swan event, if

not be large but we are looking at gains. the dow and the s&p 500 trading at record highs. now, one pocket of extreme strength for u.s. stocks, we're looking at some of the telecom stocks, at&t of course. donald trump yesterday said that

positivity, topics paring back gains though. it is sidelined across the region as we wait and countdown to the fed. really feels like markets are in waiting mode at this point in time. in the middle east it is just under two hours away from the opening of the emirates markets. let's take a look at how they did yesterday. a bit of a mixed picture. abu dhabi down. again people are in wait and see mode waiting from direction from the fed. before we get that decision let's check in on the first word headlines. here is sophie. a consortium including kkr, morgan stanley has made a $5.5 billion takeover bid. they will set up a bidding war which made a lower offer in october. they plan to sell or -- are a step closer in japan after an upper house committee approved new legislation. the bill is expected to pass a final debate which begins anytime now. it could open the door to billions of investment. >> confidence among japan's manufacturer is improved for the first time since june last year as the weaker yen improved prospects. sentimen

with someome off pretty modest gains. of a second breakout, can see every sector. we are looking pretty good at the moment. the asia-pacific is up by 1%. in particular, pretty strong gains coming through. we are back into these trump training. thanks and stuff are seeing these. before i look at what charges are going on. they are coming back strong after pulling to the 20 month low. it is holding steady ahead of debt ecb decision. we are moving into positive territory there. is saying there interestingly that even though we have not seen this fast recovery. it is a sign that greater turbulence is here to stay. rish? rishaad: after five weeks of pain, a commodity could be inside. it comes as the man grows. alex.get more from what is behind the resurgence and we are seeing? seeing?gency, we are drop, producers come back investments. it is picking up because of those low prices. you're seeing a rebalance of the market. after five years of price decline, there has been some producers reacting. the man is picking up. drawn one

♪ tracy: the asia-pacific benchmark he gets up early gains .henzhen stocks fall most since september. oil surges to its highest in 17 months after opec's historic agreement with independent producers. >> donald trump saying the one china policy should be tied to trade. the fed prepares for its last meeting of the year with little doubt about what policymakers will do. it is 8:00 a.m. across the emirates, 5:00 a.m. in london, i am tracy alloway in dubai. angie: i am angie lohan and hong kong. welcome to "blommberg markets: middle east". it was the oil surprise, but as we look to the next event, it's all about the fed on wednesday. tracy: that's right. ahead of the fed meeting, i'm looking at inflation expectations. this is one of the fed's favorite measure of that, the five-year-five-year forward even break. it is nudging above 2% for the first time in quite a while. oil plays into that. if we have a rally in oil prices, you would expect that two feet in two inflation expectations and consumer prices, so it looks like the fed will have to consid

the index reached a one-year high, but the gains were capped by profit taking on the recent rally. the broader topix climbed nearly 0.6%. let's now look at some individual stocks. companies relying on domestic demands such as pharmaceuticals, telecocoms, and utilities were e strongest performers. these include sumitom sumitomo dainippon pharma, tepco, and ntt. there was a selloff in the financial sector. traders sold shares of banks and brokerages to book profits after recent rallies. sumitomo mitsui, mitsubishi ufj ended lower. the federal reserve kicks off its two-day policy meeting. we may see a relatively calm day on wednesday. i'm phoebe amoroso. >>> investors across the asia pacific region traded cautiously ahead of the meeting. seoul closed the day down 0.3%. in china, the shanghai composite ended flat at 3155. investors remained wary of a crackdown on speculative stock trading by insurance firms. over in sydney, the s&p asx 200 index was down for the first time in six days, falling 0.3%. some traders booked profits from recent gains in energy and resource shares. >>> japane

it is time to stand up for the gains family. here is what is interesting.s agenda to silence men and women of faith and really to silence anyone who disagrees with the sexual revolution, the ceiling has become the floor. you look from a bird that fell in '15 and to where we are today, where jason and i were fired for simply voicing our opinion about marriage and sexuality within the context of marriage. the gaines are being pressured because they simply attend a church that has a pastor that speaks about our traditional believes. this is an absolute witch hunt and we knew we had to come to their defense. >> yeah, the gaines have not said whether they agree with all of these things their pastor has said. the question buzzfeed is raising is do they. to set the stage from the audience, this is the pass for, name is pastor siebert and this is the church the gaines attend. let's listen to what buzzfeed is focusing on. >> this is a clear biblical admonition. so if someone were to say marriage is defined in a different way, let me just say it this way, they are wr

it's been kind of impressive how it's held the gains.hen it first approached 10,000, the dow in 1999, it teased you for a while. hopefully we're not in for the same exact gain. >> what does alexa think about the markets? have you asked her? >> i have not. cnbc has an app both on the -- on alexa and homm, and i tried it. >> people have probably seen that ad on our network if they watch cnbc. andrew, thanks for being here. mike, thanks as well. let's get over to "halftime confessions" and scott wapner. >> all right, kayla. thanks so much. i'm scott wapner. the bullish sign for stocks that could keep them climbing long after the dow hits 20,000. with us for the hour jim levanthal, joe terra nova, sarat with us as well. also with us kevin o'leary, etf chairman. let's begin with the sign. one market watcher says could lead to big gains for the s&p in 2017. jonathan of mkm partners joins us now on the phone. jonathan, welcome back. >> thanks

cap -- capital gains would be reduced?ou sell in the last four days of the year? i agree, the market looks overbought. the fed comes out and raises, maybe the market just walks away or continues higher until we get into early next year. joe: -- scarlet: but there is always headline risk as well. donald trump could tweet about company stockour crashing. have you manage that? there hasrst of all, been very extreme reaction in certain sectors. on the one hand you can scratch or had, on the other you can take advantage. some of the industrials in my opinion ran away with too much. to the extent that they are making some adjustments? yes, but we sought with defense stocks. we made a tweet and there was risk to the margins and is come -- companies. you have to be aware of what he's saying and think about what industry will be affected. the was interesting what you said a second ago, people waiting to sell their stock to see it there is a capital gains tax reduction. in the past when there has been expected change in the capital

coming up, volkswagen reports a market share gain in the euros. is the automaker out of the woods from the diesel crisis? that is next. this is bloomberg. ♪ mark: getting breaking news out find it by new york over iran deals -- it's going to pay 235 billion dollars over lacks money laundering that's the only couple of headlines we got. we will bring you more details as we get them. let's turn to the latest on volkswagen as it tries to recover from the diesel treat -- diesel cheating scandal. reporting a market share gain for the first time since the crisis started and the sales , joining us is. team leader.auto does the latest set of results mean volkswagen is clawing its way out of the woods? guest: it is a sign they are slowly clawing their way back, but they are not out of the woods yet. really well,formed but the volkswagen brand at the epicenter of the crisis still lost market share. until the vw brand gets on track, i don't think you can call the effects of the scandal over for the company. evidence tohere any suggest this market share gain

people constant confuse book gains, real gains that you can take to the bank with phony paper gains thatre meaningless because they can be taken away in a heart beat by a tough market. most people are often reluctant to ever book a profit because they don't want to pay taxes. i always tell people if i could just rewind the tape to january of 2000 or july of 2007 when people were sitting on literally trillions of dollars in unrealized gains because they didn't want to take the tax man, we would be able to drill this point home well enough for people to accept it. gains not taken can be losses that will be taken. gains taken never become losses. it's that simple. i stress this point because we have all been brainwashed not to sell. somehow we think it's sinful. it's trading, whoa. it's common sense to sell, it's logical to sell. and it may be the only way to really get rich in a choppy business. but it's just counter to human nature. when it comes to stocks and human nature, i think you've got to learn to counter it. it's so often hard to resist, though. i get it. for example, i can't tell

the australian market giving up gains we saw yesterday, the asx 200 down .6%. down .7%, also under pressure, casino players being sold off again today. the yen continues to extend its rebound against the dollar. flat in the first half hour on the shanghai markets, the kospi point 6%, mixed movement in southeast asian equity markets. fixave been seeing the yuan stronger again. the offshore renminbi weaker at 6.8842, the pboc setting parity today. a little bit stronger there. of course, the yen in focus, continuing that rebound against the dollar. the dollar index for a weekly loss. it doesn't look like it may hit oft morgan stanley target 116 by the weekend, so more of a resurgence in that currency. elsewhere, yields continue to rise in australian and new zealand bonds, up nine basis points on the 10 year note, 2.88 percent on that yield, the highest level since january, so bonds still out-of-favor. japanese 10at the year bond, some movement coming through there, just above that 0% mark, so a little bit of exhaustion today. haidi: thank you for that. the monetar

every single gain this week has day hasevery single seen again.e at the highest level since the early part of 2016. weekly gains since february as well. it started with a no vote in the italian referendum. it ended with a whole host of measures by thursday. this is the big developing story here on bloomberg television in the last 30 minutes. 21st century fox reaching a preliminary deal to require the full control of sky. it roughly equates to about 10 pounds per share. rupert murdoch trying to consolidate his television empire. other elements remain under discussion. don't forget fox already owns 39%. murdoch tried to buy murdoch in 2010. of two ofrevelations his newspapers hacking into mobile phones and celebrities, that deal did fall by the webs -- fall by the wayside. i remember many said it would only be a matter of time before murdoch got his whole hands. toks like they are going finish the day 27% higher. the big $85.4 billion takeover of time warner. big -- goingg to to be big regular tory scrutiny over both deals. that is the big breaking

it was up 0.3% for the third day of gains in four. markedly lower today against all of the euro, yen and british pound. 0.7% move in the yen higher. the euro move of 0.6% has not derailed european trade. just below flat. gold prices, a decent rebound in the last week or so. higher today by 0.6%. >>> turning to today's agenda, there is a pair of economic reports this morning. weekly jobless claims out at 8:30 a.m. eastern. forecasts calling for a pullback in first time claims for unemployment following a big jump the previous week. still jobless claims signaled strength in the labor market over the last year. at 8:30, advanced report on november's trade deficit. in geopolitical news, last night trump took issue with the obama administration's decision not to block that united nations security council resolution, critical of israeli settlements. listen. >> i'm very, very strong on israel. i think israel has been treated very, very unfairly by a lot of different people. you look at resolutions in the united nations, look at what happened

well, it's really been a tale of two tech stories over the last 10,000 point gains for the dow. gray chips versus fangs. the older tech companies versus their younger brethren. facebook and alphabet, formerly goog google. it's pretty well known that the high-flying fangs have been outperforming their peers over the last few years, but to the extent which it's been outperforming them and the broader market since the dow crossed 10k is eye-popping. since october 14, 2009, the fang basket has returned more than 870%. that same period the basket of grey chip tech companies has returned just under 130%. the race hasn't even been close. the best performing fang has been the end. netflix. returning, go et this, more than 1,700%. it's followed up by amazon. up 680% since the dow passed 10,000. the legacy lagards that have pulled down that grey chip basket, then booep benazir objection, cisco, and ibm, and it's been 150% or less since october 14th, 2009. some grey chips have proven more agile than others, pleasing investors along the way, like microsoft, which has made a big bet on its c

its shares have gained nearly 10%. of the 24 stocks in kensho's smart grid basket only four have traded lower and only two of those less than 2%. if you think trump will make rebuilding the nation's infrastructure a priority during his presidency, these could be interesting picks for your new year's portfolio. on the other hand, if you think trump may not follow through on his promise, they could be getting ready for a pull back. for nightly business report, i'm deed dre boza. >>> wonder what stocks should be in your portfolio in the new year? every night we'll feature a special market monitor to talk about stock picks for 2017. we'll begin with hank smith. hank, nice to have you back. i like your pick. let's begin with anheuser-busch. what's not to like there? >> well, look, it's a fabulous high quality company with great management. the stock is down 25% over the last two months on some temporary head winds in our opinion. the stronger dollar hasn't helped, brazil being in a recession hasn't helped and then this trum

but can we hold onto the gains in december? the debate straight ahead >> and the trump transition president-elect hits the road for a tour today. he makes his way to the white house. >>> plus, tiger is back. the 14-time major champion making a highly anticipated return to the fairway. it is thursday, december 1st, 2016. worldwide exchange" begins now. ♪ >>> good morning. welcome to "worldwide exchange"

gain of 87%. buying 865 rite-aid stores. on to the bad, in the staples sector, general mills down 3%. the company reporting profits that fell short of estimates, revenue weaker than expected due to weaker sales of brands like yoplait and progresso. an ugly day for worthington. the metal manufacturers profits fell short of estimates. >>> the dow is closing in on 20,000, less than a month after breaking through 19,000. what is behind this rally? let's bring in steve liesman and larry kudlow. i am so pleased to have you here today. your resume, so esteemed. junior economist, the new york fed, first job, chief economist and you have tremendous experience. >> and cnbc contributor. >> that's the icing on the cake. >> and you're very -- grateful for that, i was also chief economist at omb. >> right. under reagan, yes. so why are we here today? why has donald trump's victory seemed to push the dow so far so fast? >> look, i think part of this is economic growth expectations. very progrowth policies, as i put it, the war against busi

on the stocks, modest gains. record theme is the highs in the u.s.. let's bring in su keenan. su: highs again for the s&p and dow. what this means is we are starting to see a real trend here. a lot of green on the screen. let's go into some of the big gainers. is pinktypically see sheets or penny stocks start to soar. stocks are up some 300% because of high social media volume, and element we did not have an prior bull markets. an element we did not have in prior bull markets. that has returned as we are moving higher in a sharp manner. bloomberg,to the really quickly. the fact that we are seeing again, higher highs. one of the things many of those looking at right here. the question is, do we have room to run? dow transports index is simultaneously together, we will look at that a little later, very positive sign. a happyooking to be friday for us, too. fresh data on jobs. seems like another healthy picture. this is the last report we are getting out before the fed. 100%. that is the gauge we are getting from the fed funds futures. the expectation is they will raise rates. jo