alix: i am alix steel. "what'd you miss?"bama says russia is beginning to realize that backing bashar al-assad is a price too high. he says russia has accomplished little since entering the conflict. >> the russians have been there for several weeks, over a month, and i think fair-minded who have looked at the situation would say that the situation has not changed significantly. >> the united states has not dropped its insistence that the sharp al-assad can play no role in series future. the russian president is painting a rosy picture of his paris meeting with president obama, but the white house does not see it that way. mr. putin says the leaders have an understanding of what needs to be done in syria and the fight against terrorism, but the white house says the president stressed that the syrian leader cannot stay in power. he also says russia is still attacking legitimate opposition forces. africa, an appeals court will rule this week on whether to overturn a manslaughter conviction against oscar pistorius. he could be f

alix: i am alix steel.jing has issued the first --lection -- first pollution scarlet: you can't see anything. no wonder. if you want to come inside the bloomberg terminal, you can see it. this shows the increase in pollutant concentrations. last monthcovering and there is the big spike in december. mentioned, the red alert has gone on and there are coal burning that is driving a lot of this but also the increase in cars on the street. alix: if you come inside my terminal, you can see the bizarre correlation as the air quality gets worse, car sales pick up. the gas guzzlers, around a record high now. it is not to tearing putting more cars on the world -- the road. scarlet: we have much more coming up on "bloomberg markets," after this. ♪ sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. alix: from bloomberg world headquarters,

i am alix steel. "what'd you miss?"et's get to first word news. >> the latest on the controversies surrounding republican presidential candidate donald trump. added to the group, condemning trumps call to ban moslems in the united states. >> i'm not concerned about lasting damage to the party. i'm concerned about standing up for our country's first principles, and i'll party is dedicated to these principles that's why it's incumbent on leaders to defend what conservatism is and what the republican party stands for. >> the proposal has strong -- drawn strong criticism. runner isican front not backing down, saying his proposal would be a temporary measure. the house is preparing to tighten controls on visa-free travel to the u.s.. legislation would bar anyone who has been in iraq or syria in the previous five years from coming to the u.s. under that these a waiver program. the legislation has overwhelming bipartisan support, and is also backed by the white house. it may end up attached to a sweeping year-into spending bil

i'm alix steel. here's what we are watching at this hour. the u.s. economy continues to grow, buoyed by healthy consumer spending. but investors don't like everything about the latest gdp numbers. oil prices trying to recover from a volatile start to the week. we will talk to one analyst who sees some bright spots. the biggestlim is loser among the world's richest people. have you shed about $20 billion in wealth this year. -- how he shed about $20 billion in wealth this year. let's go to ramy inocencio. ramy: we are adding on to gains that we saw from yesterday. markets shrugging off the fall we saw. existing us home sales falling. we are all in the green. .4%.&p 500 up oil is also moving higher for the second day in a row. let's go into my bloomberg terminal. energy is the biggest gainer up by 1.75%. and part of the trend has to do with energy. but are not 100% correlated they do move in tandem lately. ramy: they have been moving quite closely. the fall in oil has had a knock on effect. nymex crude

i am alix steel. what'd you miss? ?ge colleges and universities are trying to attract the top talent. that means building the best facilities and universities. fascinating insights here. what colleges are the worst offenders? >> to be honest, it is virtually every college. it goes all the way up to harvard and then it goes all the way down to sweet briar college. they were going to close earlier this year. everybody is an offender. >> how do students feel about this? they are paying all of this to wish and. spending money on fancy buildings that do not necessarily benefit them. kate: i cannot speak for the students. i am no longer one. they are trying to attract students. that is why they are going on these spending binges. they are trying to attract students. they are seeing student applications come in at record highs. i looked at amherst college and took a deep dive into what they are doing. we have a chart over here that we can actually look at. over the last 10 years, only two years have not been record highs. ever

alix: i'm alix steele. "what'd you miss?" to mark crumpton with the first word news this afternoon. mark: two american astronauts put a railcar back in place outside the international space station. they took a little more than half an hour to release brake handles on the railcar and help guide it for inches back in place. the railcar needed to be moved, so a cargo ship filled with supplies could dock at the space station on wednesday. rescuers and china spent the day searching for dozens of missing people following the landslide. a mountain of dirt and construction waste very nearly buried three dozen buildings. authorities say more than 90 people may have been trapped. is a major manufacturing center located not far from hong kong. police in nevada say a woman who raped her car into a crowd did it intentionally. one person was killed and at least 37 others injured. officials say the driver was a woman in her 20's. she is being tested for drugs and alcohol. a three-year-old who was in the car with her at the time was not hur

i'm alix steel. scarlet: i'm scarlet fu. time for a look at the biggest business toys are not. nd says the federal reserve should not raise interest rates next week. he says that doing so could jeopardize economic growth and worsen inequality . ask and says that janet yellen may know something i do not know , but i don't understand why it is so important to raise interest rates when there is so little to be afraid of. the fed meets next week. scarlet: boston college says the number of students sickened after eating actually restaurants last week and has could that80 two 120 has propped tempora closure of the restaurant in boston. the illness is now norovirus. there are waiting for results of e. coli test. alix: the vaccine against dengue fever has won approval in mexico. the initial steps toward preventing the mosquito borne infection puts half the world population at risk of the coming says the vaccine is awaiting approval in 19 more countries. you cannot was get more business news at bloomberg.com. scarlet: let's head over to the markets desk where we have been checking on ind

i'm alix steel.r global business report. here is what we're watching. spain's prime minister wen's the election, but loses his majority. what is next for spain. apple and ericsson have resolved their legal battle over patents. and how close are two parties to reaching a deal? thet, let's start with election in spain. voters chose a fragmented parliament, ending the domination of the two-party structure in recent decades. tough negotiations will be needed to reach a coalition. the conservative party fell short of the majority needed to govern alone. ericsson and apple have reached a licensing deal that paves the way for a deal between the two tech giants. they will collaborate in areas including 5g development. apple will pay realties as part of the seven-your pact. two most powerful leaders kicked out of the sport. sepp blatter and the man thought to succeed him have been kicked out. fifa is continuing investigations. sepp blatter says he will appeal. >> this committee has no right to go against the

alix: i'm alix steel. details about commodities with our interview with ross mcewing. south africa's president appoints his second finance minister in or days. is this enough to restore faith in the markets? alix: let's start with comments from ross mcewing, speaking to bloomberg. explained the strategy regarding the biggest market story of 2015, the slide in oil prices. have done a lot of risk assessment around the oil industry and mineral industries. looked downstream at all of the service companies and what is the impact. scarlet: royal dutch shell plans to cut 2800 jobs once it takes over the bg group. pastaome on top of shell previously announced plans to drop contractor positions. turning to south africa, president jacob zuma appointed his finance minister, the second change in a week. hisfocus will be bringing country back into focus with the credit markets. >> we hear their concerns and will take them into account. thatll demonstrate action -- on concerns that we have raised ourselves. we will have

i am alix steel. here is what we are watching this hour. oil prices heating up today, propped up by an unexpected drop in u.s. stockpiles. opec says prices will rebound to $95 a barrel but it will take 25 years. 2015, a big deal year for m&a, billion-plus 8 $50 transactions. we will talk about why he was such a banner year. norfolk southern has no interest to selling to canadian pacific. rejecting the sweetened offer of $31 billion. as a proxy fight next? let's head to our markets desk, cio has theinocen latest on the rally underway. ramy: still greg greene after the slew of data this morning. the sessionk at highs. s&p 500 of by nearly 1%. dow up by .8%. nasdaq by .7%. we are digesting the news on better-than-expected u.s. consumer sentiment. as well as the expected surprise drawdown in the u.s. oil inventories on the order of about 5.9 million barrels last week. with all of this, let's look at the s&p year to date. take a look at this. s&puld like to have the year to date, if you can possibly get that up. up 1% on the intraday. i want to

alix: and i'm alix steel. scarlet: time to look at the biggest business stories. esident james bullard says unemployment will continue to fall. bullard says that unemployment will reach the 4% territory. he took audience questions following a speech in vienna. scarlet: ford is recalling thousands of fusion and mercury models. the fuel tank may crack and leak gasoline, possibly leading to fire. most all vehicles affected are in the united states. gox: general electric may outside the u.s. or the private equity to find a buyer for a system. they were abandoning a deal with electrolux. ge canceled it because of a legal battle to get the acquisition approved i regulators. electrolux says a regret ge's move. scarlet: you can always get more on that story and other business news at bloomberg.com. alix: now matt miller has the latest on markets. matt: we are still down across the board. take a look at the major indexes here. there they are. down 1% across the board. the s&p is 2069. even with this drop, we are not far off. the dow has a little further to go. right now we

. ♪ >> i'm alix steel. "what'd you miss?"sident obama spoke from the national counterterrorism center. >> are professionals do not have any specific and credible information about an attack on the homeland. x the president is trying to reassure americans that it is doing all it can't protect them. >> new hampshire has scheduled the primary for february 9, a move widely expected given the lack of pressure from other states. they must hold their primary seven days ahead of any other contest. a trip toson canceled israel and africa, citing security concerns. carson has been trying to beef off his foreign-policy credentials. you can get more of these and other breaking stories 24 hours a day at bloomberg.com. was --energies ceo -- the ceo ofergy cheniere energy was pushed out. first company to export gas in the united states. he wanted to expand, pro-business, so i asked how he feels about note longer being ceo. on an emotional basis, it is disappointing. you must separate your emotions from the facts. at the company has chosen t

alix: i'm alix steel.sh gives his outlook for the iron ore industry and his companies strategy in china. sweden central-bank stays the course with aggregate interest rates. first let's start with comments from rio tinto ceo sam walsh. industryron ore producers were hanging on by their fingernails. he also gave his outlook of growth out of china. >> we spent a lot of time studying china from the ground up, more in relation to our perhaps thethan broader base of the economy. is chinese gdp growth will be around 7% this year and that the government has the wherewithal to keep the economy going. chemical isnational moving ahead with a takeover plan on syngenta, according to people familiar. the chinese chairman met with executives last week. its china is looking at first proposal after it was decided to be too low. the sweetest central-bank is continuing its policy of negative interest rates. the governor discussed how unusual global trends are making it difficult to make predictions. >> we have had to deal wi

this could be the black swan of 2015, according to "the bank of alix: i'm alix steel.'d you miss?" a look at some of the biggest business stories in the news right now. nike posting profits with continued strong demands for shoes and apparel. the world's largest sporting put up $.90 per share. estimated earnings per share of $.86. it defied concerns about $938mic growth in china, million. the stock is higher in late trading. gasoline prices falling at the billion dollars in u.s. drivers wallets this holiday season. that is how much consumers will save during the year and travel compared to last year according to gas buddy. the average nationwide pump sunday, thed on lowest in more than six years. the faa says that boeing will pay $12 billion for failing to with abed -- deadline reduced risk of fuel tank explosions. they will also have to take a series of actions to show improved safety certification of for quality control. part of an effort to address problems that cause the fuel tech to explode over long island, new york in 1996. that is your bloomberg business flash.

i am alix steel. scarlet: i'm scarlet fu. alix: yahoo!e up today, at its highest level since mid-august. "wallt: according to a street journal" reporter out last night, the board will meet to discuss a selloff of its core businesses. joining us is bloomberg reporter bryan womack from san francisco. us how theowing stock is clearly outperforming the market, and yet analysts are a little bit skeptical here. that thist says potential shift in strategy could increase uncertainty in the tax treatment of alibaba's assets, the spinoff it was planning. what are you hearing from the folks you are speaking with? is it a good move for bad move? bryan: you could take a lot of things away from it, but while there may be some uncertainty here, there is new hope, essentially, that the board might look for selling the company and doing something interesting with this asset that is yahoo! and alibaba, the massive state it has in it. it speaks to a lot of the issues that the company has. bottom line, it is not about the core business, the stake in alibaba,

i'm alix steel. "what'd you miss?"resident obama says that allied forces are hitting the islamic state harder than ever. he went to the pentagon today to meet with his national security team and afterwards he said that the islamic state cannot hide and is losing territory. president obama: our strategy is moving forward with urgency on four fronts. hunting down and taking out these terrorists, training and equipping iraqi and syrian forces to fight isil on the ground, stopping operations by disrupting the recruiting, financing, and propaganda. finally, persistent diplomacy to end the syrian steerable -- syrian civil war so that everyone can focus on isil. alix: it's part of a public relations drive to ease domestic worries ahead of the holidays. leading ind cruz is iowa. backed by 31% of republicans in "des bloomberg politics moines register" paul. donald trump is at 21%. ben carson is at 13%. hillary clinton has a nine point lead over democrats in iowa. cnn made the decision to debate based on recent polls. chris chri

i'm alix steel agnes is your global business report.15 comes to a close, one of the top voices on oil says people should be paying attention to iran in the coming year. $983 millionth a write-down. and apple is planning on taking its payment service global. let's start with the oil outlook for 2016. the eye a chess vice-chairman explains what he thinks people should be looking out for in the coming year. guest: sanctions will be lifted on iran in january to help the president in the parliamentary elections. that is the next big shoe to market.the oil is it half a million barrels a day or a million barrels a day? that is what i would be watching. bnp paribas is writing down some of the goodwill related to what units. france's against bank is setting aside more capital for the italian corporate union -- corporate unit. they reiterated their plan to pay 45% of their profit in s.vidend japan's central bank announced it would not expand its main stimulus target. mistake, japan is heading in the right direction with wages in the labor market

. >> and i am alix steel. will prices falling again before recovering slightly.oser to a floor? >> america's top -- returns. we will see what he is vying for his third champion. >> and not everyone is enjoying the mild winter. retailers are feeling the heat from the warm temperatures. i love the heat. on today's activity, we want to head to matt miller for the latest. we are grinding our way higher. we are still in the negative column. matt:

from bloomberg world headquarters in new york, good morning, i am alix steel.tching. bears remain in control, brent oil sliding to an 11 year low. political uncertainty in spain. voters break up the two-party dominance, giving power to some newcomers. now that washington has extended a tax credit for solar energy, is it time to warm up for solar stock? marketead over to the desk ramy inocencio has the latest on the holiday week. markets started in the green but now the dow is losing steam. the s&p 500 is up by only about a quarter of a percent.

i'm alix steel. here's what we are watching at this hour. the u.s.ontinues to grow, buoyed by healthy consumer spending. but investors don't like everything about the latest gdp numbers. oil prices trying to recover from a volatile start to the week. we will talk to one analyst who sees some bright spots. the biggestlim is loser among the world's richest people. have you shed about $20 billion in wealth this year. -- how he shed about $20 billion in wealth this year. let's go to ramy inocencio. ramy: we are adding on to gains that we saw from yesterday. markets shrugging off the fall we

i'm alix steel. big news in the world of hedge funds.att who runs capital management says he will return outside client money and turn his firm into a private investment partnership. he will focus on managing his own wealth and that of his partners and employees. now? this is not the only one, a macro hedge fund closing. >> a tough last few years for blue crest. i think if they were making money, i would speculate maybe this would not be a decision on the horizon. michael platt is saying the new structure will allow him to take more leverage, allow him to make more money and that regulations are harsh. you spend a lot of money on compliance, dealing with investors. who needs the hassle? that said, they have lost money recently and it has been a tough time. alix: this is a quote from mr. platt. he says "everyone knows that the landscape has changed. we want to position ourselves to be free to adapt to the environment such as it exists. ." does that signify that they made bad bets? is it a structural shift in the industry? simone: they wer

. >> i am alix steel. here is what we're watching.kreli is arrested on security fraud charges. he is accused of running a shell game after his hedge fund lost money. prosecutors will hold a press conference soon. we will bring you the latest. >> now that the federal reserve has ended the 0% interest europe, what happens next? >> larry think said the fed made the right decision but he thinks economic headwind is ahead. he tells us why he is not expecting 2016 to be a banner year for stocks. >> we want to check in on today's activity, let's head over to the markets desk julie hyman has the latest. welcome back. after the rally that we

alix: i'm alix steel. here's what we're watching at this hour. all eyes and ears on janet yellen.giving a speech later this hour. will she present a case for interest rate hike in december. scarlet: how to defeat the islamic state. israel's minister of education will be joining us. is reportedlyoard thinking to do about the company's internet business. what does that mean for marissa mayer and its stake in alibaba. scarlet: we want to give a snapshot of today's market activities. lettuce head over to julie hyman. the december rally hitting a speed bump. julie: we are playing a waiting game right before we

i am alix steel. here is what we are watching this hour.rices heating up today, propped up by an unexpected drop in u.s. stockpiles. opec says prices will rebound to $95 a barrel but it will take 25 years. 2015, a big deal year for m&a, billion-plus 8 $50 transactions. we will talk about why he was such a banner year. norfolk southern has no interest to selling to canadian pacific. rejecting the sweetened offer of $31 billion. as a proxy fight next? let's head to our markets desk, cio has theinocen latest on the rally underway. ramy:

i want to bring in commodities guru alix steel. ou think any of this is anticipation of this vote? alix: i would say more the dollar and the fed. there would be more demand for wti. that would implicate a price rise. on the other hand, more wti in the market means more oil in the market, which means lower prices. you can make an argument either way. this is why the export ban may not matter. you are looking at the spread between wti and brent. the difference in price is about $.80. wti needs to be that much cheaper for you to want to get into the midwest through the gulf coast, on a take her to a different country. analysts say that spread needs to be closer to four dollars. you will do it, but economically, it does not make sense right now. betty: explain to me how competitive u.s. oil is, compared to oil coming out of the middle east or latin america? alix: it depends on what you are talking about. latin america has heavy oil, so it would not be competitive with that. saudi arabian oil, because it is light and sweet. this is the s

alix: and i'm alix steel. [closing bell] alix: u.s. stocks closing higher. a rally to 3%. joe: the question is what'd you miss? alix: the commodities heading for a second yearly loss. we have the charts everyone in the oil industry will be watching. where americans are moving. states with the biggest population increases. how one might be jeopardizing credit rating. does it actually matter? we begin with the markets. another rally into the close. we closing around session highs. off 27% volume was versus the 10 day average. oe

. ♪ alix: i'm alix steel. "what'd you miss?"ends.urn to the country held his first round of regional elections on sunday. london is them codirector of open europe, a think tank that covers the region. thank you for staying up so late for us. when you take a look at the map of the voting, national front is ahead in six of the 13 regions. botheader and her knees won more than 40% of the vote in their regions. what is the number one reason we are seeing the shift? >> a big driver is the economic growth or lack of it in france, the high unemployment in particularly the high youth unemployment. the anti-establishment feeling that is growing it france, and the economic malaise we've seen over the past two years. about how you ask would characterize the party. when you read an article, it will say the right-wing national front. she has -- she eschews that label right wing. risk that she draws from the left as well as some of the former union and industrial areas that have been left behind in the new economy? is that a greater issue tha

." ♪ scarlet: we are away from the closing bell. .oe: i'm joe weisenthal alix steel is off today.ll ringing] u.s. stocks closing lower and volume on the s&p, 42% below this moving average. joe: the question is "what'd you miss?" can you still do value your wage growth? -- whating world that the fiscal situation means for global economies going forward. scarlet: and the biggest risks in 2016. you'll hear what they feared the most as we bring in the new year. we begin with the markets. after closing out with big gains, we have given back some of that. there's not a lot of catalyst to go on as everyone on the street takes the week off. joe: we did have a bit of the selloff that not dramatic.

alix: and i am alix steel. "what'd you miss?" stocks closing lower. llowing for the fourth time in five days. crude at the lowest level since 2009. joe: the question is "what'd you miss?" alix: energy shares sliding. are we at the bottom or still sinking? joe: are we ready for the fed rate hike? we take a look at bank of america's 2016 outlook. how demographics drive our economic future. we have the charts. we have to begin with the markets. it was an interesting day. data, chinese trade global stock selloff as imports and exports disappoint. s&pave the

alix steel is off. u.s.ling to a two-month low with the dow jones industrial average dropping 300 points. joe: the question is, "what'd you miss?" scarlet: the countdown to the fed decision next week intensifies. joe: markets after the fed decision -- the guess is equities should be ok when the rate hike happens. scarlet: south africa in turmoil. viruses financial advisor wishing the country to contain spending. what is next? we begin with the markets. what a selloff it was. stocks, commodities, high-yield debt all tumbling. the catalyst, if you had to pick one, was oil prices, extending the drop to a six-day. it seems like as we get closer to the fed rate hike

joe: and i am joe weisenthal to alix steel is off today. scarlet: u.s.ng their worst losses this quarter. joe: the question is, "what'd you miss?" scarlet: central banks take center stage. janet yellen ready for liftoff while european central bank disappointed about europe's qe extension period joe: and we speak to deutsche bank's chief international economist about what he expects about the jobs report. scarlet: impeachment proceedings. will she be ousted? we begin with the markets. a dramatic selloff in global stock. it was not just the u.s., but we kind of finish things off. the worst day september 8. the put side was the euro rallying most in six years on a disappointing stimulus plan from the ecb.

will look at the corporate bond sector and the implications of a >> i am alix steel. "what'd you miss?" first word news. officials in new york say they received the same threat that led to the closure of the l.a. school system, but concluded it was a hoax. the mayor said that he is "absolutely convinced there is no danger to new york schoolchildren." >> i contained the president was informed of the decision made by local authorities in laws based on information they had received. think this illustrates something that is important to understand, which is that ultimately it is local first responders who are responsible for taking the lead in protecting their communities. alix: meanwhile, an official says the threat was e-mailed to a school board member from an address in franca, germany. >> the judge has instructed jurors to continue deliberations after that jury sent a note to the judge following nine hours of deliberation. he is charged with manslaughter, assault, and reckless endangering, the first of six officers to stand trial in freddie gray's death. >> republican

i want to bring in alix steel. she is a fan of commodities. t's start with what we have seen, a drop. alix: the inventory numbers came out. you had actual crude but you also had product inventories ailed despite the fact that refiners worked less last week. imports are at the highest level since 2013. basically we are sucking up all of the extra crude in the world. it is coming here and then being stored here. that is really weighing on the overall price. david: i want to ask how this could affect the prices, but let me talk about exports. news broke that paul ryan had come to a deal to budget taxes and part of that was lifting the long-standing crude export ban from 1975. what effect could i have? alix: nothing. at all. it is uneconomical. you have to pay for oil to come from cushing to the u.s. and then to asia or europe or venezuela or mexico or wherever. --order for that to happen this is not the right chart. hold off on that. but in order for that to be economical, energy aspects say be fourbe -- has to dollars away from brent. that let's

. >> i am alix steel. here is what we're watching. martin shkreli is arrested on security fraud charges. he is accused of running a shell game after his hedge fund lost money. a pressors will hold conference soon. we will bring you the latest. >> now that the federal reserve has ended the 0% interest europe, what happens next? maderry think said the fed the right decision but he thinks economic headwind is ahead. he tells us why he is not expecting 2016 to be a banner year for stocks. >> we want to check in on today's activity, let's head over to the markets desk julie hyman has the latest. welcome back. after the rally that we saw on the rate increase, we are getting some of that back. we are, we keep giving more and more of it back and we see stocks falling more and more. been leading to decline, now down by 1%. , ok.of this is we are over the hump of the first rate increase. now what? the bloomberg terminal, a lot of this has to do with commodities today. it is a broad selloff. a lot of green here. energy is doing poorly. and finan

alix: i'm alix steel. joe weisenthal is off today. ell ringing] scarlet: yellen's speech tipping her hand to a rate hike sooner rather than later. mario draghi expected to announce additional stimulus. that decision comes tomorrow. alix: and how things are looking in a private equity sector. we're going to talk to a fund manager at kkr about being a woman in finance. , we are of course following the breaking news out of san bernardino, california. let's go to mark crumpton for the latest. mark: the associated press is reporting that the president and ceo of the southern california center said the police focus is on a building that houses at least 25 employees as well as a library and conference center. the inland regional center

joe weisenthal and alix steel are off today. ♪ scarlet: u.s.ast day of 2015. the s&p 500 in the red for the year. the question is, "what'd you miss?" we show you the detail that missing,len might be and what that could mean for interest rates. and, how much will residential investment increase in 2016? 2016.he biggest risks in you will hear from experts in the business about what they fear the most as we ring in the new year. there you have it, a live shot of moscow as they get ready to ring in the new year right there. that is, i don't know the name of the river -- that is red square in moscow. new year's day in much of the rest of the world, we are still

i am going to channel alix steel here and talk about -- joe: oil? scarlet: exactly.ng tomorrow in vienna. they clashed before, with saudi line. holding its joe: the other thing you jobsusly cannot miss his day tomorrow. economists are expecting about 200,000 new jobs and the unemployment rate to stay at 5% and for average earnings to take up .2%. i am interested if we get a big miss, but not a huge miss. probably it would not be enough to derail the rate hike, but people would get nervous. nuances.the i am so excited. that is all for "what'd you miss?" than >> good evening, from washington dc, while we watched the entire gop feels be at the ronald reagan building down the street from where i am here and our washington bureau. i had a chance to sit down with two of the candidate, john kasich and carly fiorina. updatewe get to that, an on the dominant story in this country and in politics today. that remains wednesday shog

. >> alix steel is off today. i am joe weisenthal. [bell] scarlet: u.s.osing lower today, heading for the biggest two-day slump in three months. the s&p 500 is racing the weekly gain. joe: the question is, "what'd you miss?". scarlet: very icing green ways and on what is holding back growth. currency, we will discuss the charts that show china's position on the world stage. scarlet: and credit woes, how banks are structuring after being in a weaker spot in the market. we begin of course with the markets, pretty much a down day from the get-go. and if you look right now, we are pre-much closing at lowe's in the session. this is the worst days in september 1. i was just looking at the point to swing 3

. >> i am alix steel. ♪ >> u.s. stocks closing higher. u.s.ed a six-day losing streak. is "what'd youon miss?" >> junk bonds us all the first gains in four days. joe: under 24 hours until a potential rate hike. we discussed what the fed will be watching. , the lifespaname of a tech company. we explain. let's begin with the markets. stocks rallied, credit markets recovered. oil's helping is the recovery for the second day. joe:

alix steel pointed out citigroup says the gulf coast draws down inventories to minimize taxes on mineral holdings and that could reappear in january and that could be a weight on the markets. let's look at the bloomberg terminal to see how the s&p is doing. seven of the 10 sectors are in the red right now, led by the against laggard, information and technology, down 1.8%. materials is the biggest leader, up 2.7%. energy up about .9%. the possible dow and dupont merger keeping that sector in the number one position. crude is at session lows, down .6%. it spiked right here and that's when u.s. government data showed inventories fell 3.6 million barrels last week, but we have given up all of those games and that is having its impact on the markets. david: the tech heavy nasdaq is one of the biggest laggards of the day. ramy: some of the biggest winners in tech this year are actually the biggest losers today. still upright now is by the year for 33% and amazon is down by about 2%. it is paring some of its losses. this could be because of google saying it plans to expand its it's thevices, bu

alix steel joins me now for a look at what has been happening in the energy sector.a look at the oil price today. it has been somewhat of a reversal of fortune. we had a decline yesterday that was quite severe, but oil is trending around the neutral line. this a realcall reversal, we are going to have to take out the highs we saw yesterday, which is just over $40 per barrel. it is a far cry from being in the clear. we also have the energy information administration boosting estimates for production this year. that also hampers any kind of rally. that is bleeding over into the energy sector. off the lows of the session -- part of that is that those natural gas, shale names are up today. they are having a little bit of a breather after getting really hammered over the last couple of days. versuslook at the s&p the energy sector over the past few years. , you tend to see some kind of correlation, however, mid 2014, that correlation tended to shift a little bit -- meaning that energy stocks may not be the drag on the overall stock market that we might have suspected. i d

. ♪ alix: i'm alix steel. "what'd you miss?"e are following breaking news out of san bernardino and a mass shooting. let's get to mark crumpton for the latest. that we are receiving word police are confirming that there are fatalities in that shooting at a southern california social services center. officersrdino police told kay cbs tv that there are multiple casualties and some confirmed casualties. she says she does not have specific numbers and told the television station that it appears there is more than one shooter and she believes they were wearing in her words "military style attire." the shooting taking place a few hours at go about 60 miles east of los angeles. initial reports said as many as 20 people were wounded, but we are getting confirmation from police that there are fidelity's. the search for the suspects is underway. -- that there are fatalities. we are hearing word that there are perhaps as many as three people who carried out this second mass shooting in the united states in less than a week. we will continu

alix: i am alix steel. ♪ >> u.s. stocks closing lower. the s&p lower by 1.5% for the month.tion is "what'd you miss?" the.s. markets falling, dollar strengthening after the first great increase since 2006. joe: janet yellen discuss of the carnage in her press conference. ceo, ousted from cheniere energy. we will get his take on the energy market. talk about the u.s. stark market giving back yesterday's rally. jerkeemed like a knee reaction from what we saw.

i'm alix steel, here with the bloomberg quick take to keep you informed.today's topic is the climate change pact. it is the biggest step yet to stop climate change, agreeing to an ambitious deal. here's the situation. a hugel calls for investment in reducing the output of greenhouse gases damaging the earth pro atmosphere. this year is on track to be the hottest on record and rapid industrialization means the world is unlikely to meet the goal of limiting the temperature rise to two degrees celsius. the first such agreement since the kyoto protocol. the last such push for a deal in copenhagen was back in 2009, and that ended with legally-binding targets. the private sector has been making strides to reduce greenhouse gas omissions. homeowners are taking advantage of energy-efficient technologies and the cost of her new mobile energy has fallen. rising consumer awareness and pressure has provided momentum for the global deal. the next challenge will be spending. according to the international -- international energy agency, it will require trillions of doll

all right, our own alix steel is charts every investor should be looking at as we head into 2016. atch for? alix: oil was one of the biggest 30% and prices syncing it is the focus of this week's "the numbers don't lie." the most important number you have to watch is inventory. when do we hit peak storage. this is the total oil inventory stocks. around 3 billion barrels. bank of america thinks it could rise -- ok, bank of america thinks it can rise so slightly to over 3 billion barrels. the issue is, supply has to come down fast enough to make sure we do not hit that peak supply. looking at canada, u.s., brazil, russia, mexico -- it is 58 million barrels a day. a decline ofsee about 200,000 barrels a day next year and is basically due to the u.s. you had some cost and areas like canada, mexico, brazil, so they producing even though the oil price is so low. that brings us to one of the biggest risks by h oldman -- by goldman sachs. this is basically a product -- the fuel that we use in cars, and heating, and we have avoided peak storage because refiners have been making product like

scarlet: that is where alix steel is, i think. 55 minutes before her screening begins. she has been talking about it for weeks. they are stills, digesting this week's decision. andrew levin, a former advisor to janet yellen, told us earlier this week he sees a collision over the path of future increases. >> i believe the markets are misreading today the extent to which tend out of 17 fomc committee members expect the funds rate to be up at 1.5 but the end of next year. who gets to define that? the committee, not the market. bishop is the lead fixed income strategist at rbc, which has $271 billion in assets under management. do you agree, that the markets are misreading the fed? >> no, i don't. we think the market may have a better idea of where rates will eventually end up. our view is, going into 2016, we expect to see the projection from the federal reserve, those numbers ratchet down and again to converge closer to where market expectations are. scarlet: what would profit federal reserve to bring them down? they didn't do anything here except to tweak the edges. >> t

theme thateresting alix steel talks a lot about is there have been talks for several years now that wouldalking about it coming and yet it has not quite come to fruition yet. dealsd a decent number of but there has not been an explosion of huge deals people have been waiting for. i am curious what is the tipping point in 2016 that will make that potentially finally happened? some of the language we are hearing from analyst's and executives is just the oil of these, the prices would come back before then. they have gun to the point where they do not have any abilities to hold out. collects some of them were hedged and those are rolling off. and were able to refinance keep the journaling going. that is what they have to do, to drill or drop. that has probably given volatility and that may make such an extension possible. meg: we will see a tipping point. i cannot access the public capital markets, help. >> what kind of opportunity does that create? particularly in fixed income markets, it turns out -- some of the best minds are on the buy side. you have high-frequency trading, people at hed

steel, scarlet fu is off today. u.s. stocks closing higher today. in december. 3.5% joe: the question is what did you miss? alixd where this weakness stems from. and spain's inconclusive election. we will stay that we will speak with tina fordham -- we will speak with tina fordham. a prettyt was lackluster day in terms of direction and where we were going. we had a rally. we are coming off of flows of the session. joe: we're back to tac

steele. scarlet fu is off today. ♪ [clapping] rising, dataocks showing that the u.s. economy stands at a 2% growth rate driven by higher consumer spending. joe: the question is, "what'd you miss?" alixpy or with volatility jumping up in surprising ways. joe: will the bank raised rates more quickly now that the fed has hiked? we speak to mark carney about his plan for the u.k. economy. alix: more pressure on saudi arabia as oil falls further. will the gulf have to abandon it dollar peg? we begin with the overall stock market and a relative come back in the stocks. yes, we close off the highs of the session but it was pretty much a banner day. materials, consumer