andrew ross sorkin. thanks for joining us. now let's send it over to mandy and the halftime report. >> we're on a road to nowhere. i don't know what that says about the show. i'm mandy drury sitting in for scott today. let's meet today's starlgt line-up. we have steve weiss, jim leventhal along with john and pete. feels like groundhog day. the game plan looks like this. hail mary playbook.

i'm becky quick along with andrew ross sorkin and brian sul vin.the lowest levels since 2004. take a look at that. 36.33. a decline of another 1.5%. wti also lower this morning. it's down by 1% to 34.37. worth noting that january wti contract expires today. that could mean a more volatile trading session. we'll talk to legendary oil man harold hamm at the top of the next hour. as for broader markets, u.s. equity futures look to be strong. dow up by 104 points. s&p futures up by 12. nasdaq up by 38. this is coming after another rough week for the markets. at one point during the week it looked like we would pull up and making gains after horrific week from the week before. dow down by 0.8% by the end of the day. >> a developing story outside of the world of business this morning. at least one person was killed and 26 others injured. this after a car crashed into a crowded sidewalk in las vegas. investigators think the crash may have been an intentional act but say they are confident it's not any kind of terrorism. it was a 3-year-old in the car with

andrew ross sorkin. thank you again. >> it's been a fun week with you.eek, but a couple of days. >> couple of days. >> also joining us this morning is dan rosen's wife, president and ceo of -- former coo of yahoo. dan, good day to you as well. >> good morning, everybody. how are you? andrew, how are you doing? >> hey, buddy. how are you? >> two scarsdale guys on at the same time. >> that's true. >> dangerous. >> you should know that. we went to high school together. not at the same time, but we've done a couple of things together in that -- >> kindred spirits. >> let's get to apple news. italian authorities say

i'm becky quick with joe kernen and andrew ross sorkin.ng overnight a spacex falcon rocket with a safe landing. officials say that the launch was the first attempt to land a rocket on land after previous attempts used floating landing pads and those were not successful. you can hear the cheering though from the staff at spacex. right now let's get to the u.s. equity markets. we have been watching the futures at this moment. the futures are relatively flat. dow futures are up by 15 points and the nasdaq is up by 6.5. check out oil prices as joe mentioned there was a rebound in oil prices but this is ever so slight. you're back above $36 barrel but just barely. up by about 28 cents to

i'm andrew ross sorkin along with joe. thursday i said happy holidays, not merry christmas.e pc. i do christmas. i know joe had a good christmas. you had a good christmas? >> i did. >> what's that, joe? >> you just can't help yourself. >> i was not trying to be pc. >> you weren't trying, you can't help yourself. >> you don't want to say that anywhere but here. >> as

i'm becky quick along with joe kernen and andrew ross sorkin. >>> it is the hottest gift in 2001.pulling some hover boards from its floor a mimid concerns of safety. there are fires with them. there you can see it at the mall. >>> first, let's get to the markets. the s&p coming off its worst week since the middle of august. last week the dow was down by more than 3.3%. the nasdaq was

i'm becky quick with joe kernen and andrew ross sorkin. the u.s. cuba reaching a deal to resume commercial flights between the two countries. we'll have more on this story just lal ba little bit later th hour. the global markets reacting to the first fed rate hike in nearly a decade. u.s. equity futures are up again this morning. the dow is up 50 points above fair value with the s&p futures up by 6.

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today.ome. >> welcome. >> let's get to the markets this morning. check out the u.s. equities futures. we saw the markets pick up at the beginning of the week but by the end of the week the dow was down by 2% on friday and that did pull the averages down for the full week. you can see this morning the futures are up by triple digits. dow up by 117 points. s&p up by 14 and the nasdaq up by 41. the big story today, oil prices. brent crude dropping to its low. brent is below 37 at $36.50. wti still below $35. down another 30 cents to $34.42. big oil benchmarks have now fallen by more than 2/3 since the middle of the year whe

i'm andrew ross sorkin. becky has the day off.ave confirmation this morning from the north american aerospace defense command and santa is on the move. >> look at him go. >> norad continuing the 60 yearlong tradition of tracking the guy in red as he makes his way across the world to bring gifts to boys and girls. if you're looking for white christmas this year, the only way to do that if you're in new york right now is to head west. in the south and even parts of the northeast people will be wearing shorts. a southwest wind could bring temperatures in the 60s and 70s. >> but not you.

i'm becky quick along with joe kernen or andrew ross sorkin. this is the final one of the year.rterly expiration of stock and index options and futures and you could be in for a volatile trading day ahead you're going to see right now the futures are indicated down another 85 points. yesterday the dow was down by 253 points wiping out all of the gains from wednesday's trading session after the fed raised rates and then

i'm andrew ross sorkin. we have a purple something going on here this morning. she is sitting in for becky quick this morning. of course to queue the countdown clock we're getting ready for the november payrolls report. the numbers coming up at 8:30 a.m. eastern time. the economy likely added

i'm becky quick with joe kernen and andrew ross sorkin.n all streaming music services starting on christmas eve. unlike taylor swift the beatles songs will be available on free versions on services like spotify. first let's get to the markets. yesterday was a good day for the markets. the dow was up by 165 points. you can see this morning the green arrows are up once again. s&p futures up by 8 and the nasdaq up by 20. >> let's tel y

i'm becky quick with joe kernen and andrew ross sorkin. police are processing the scene from two shooters opened fire on a holiday party. one male and one female were killed in a shoot out with police a few hours after the massacre. now the investigation turns to who motivated the couple to commit such carnage. we'll be joined in just a moment. >> first a couple of the big market stories this morning. the ecb is meeting in frankfurt right now. then president mario hi

i'm andrew ross sorkin and michelle cabrera sitting in for becky. u2 played to 20,000 people.the irish band returning. front man bono paying respects to the 130 people killed in paris that day and the 14 people killed last week in california. meantime, back here at home, president barack obama addressing the nation last night saying in his words freedom is more powerful than fear and discussed the broader threat of what he's calling a new phase of

i'm becky quick along with joe concerner and andrew ross sorkin.er paul ryan telling republican lawmakers that congressional leaders in the white house reached a deal. the two sides agreed to tax and spending bill that would reach a deal. 2016 through the budget year and 40 year old ban on exports. we'll get into more on that. and we'll have more from last night's gop debate in just a bit. and check out the markets on this fed decision day. gains with the dow up by 150 point. and up by triple digits once again.

andrew ross sorkin. thanks for joining us. for now let's send it over to mandy and the halftime report. >> we're on a road to nowhere. i don't know what that says about the show. i'm mandy drury sitting in for scott today. let's meet today's starlgt line-up. we have steve weiss, jim leventhal along with john and pete. feels like groundhog day. the game plan looks like this. hail mary playbook. >> nasdaq is clearly a win wrer, up 10%. mostly thanks to netflix and amazon, have more than doubled this year. also, treasuries in the dollar and the green, and, of course, crude, well enough said about that one. it is a complete disaster. down by 31% year-to-date. >> that's in the books. will we see a rally for stocks in 2016? dr. jay, kick it off. will we see a rally next year? will it be a better year for stocks? >> i think it will be a better year for stocks next year. i don't think that american companies are going to have the same head winds that they had this year in terms of fx or foreign exchange, and that definitely took a bit

i'm andrew ross sorkin along with joe. thursday i said happy holidays, not merry christmas. i was not trying to be pc. i do christmas. i know joe had a good christmas. you had a good christmas? >> i did. >> what's that, joe? >> you just can't help yourself. >> i was not trying to be pc. >> you weren't trying, you can't help yourself. >> you don't want to say that anywhere but here. >> as you know, i am loving you so i try to incorporate all holidays. in the meantime, we have a developing story about deadly weather across central u.s. tornadoes, blizzards, heavy rain killing more than 20 people in three states. more bad weather coming. western oklahoma bracing for a foot of snow. blizzard warnings remain in texas and missouri. a little bit of travel trouble across the country. about 1500 flights canceled nationwide yesterday. another 6,000 planes are delayed. you're going to be getting a live report from the weather channel in just a bit. >>> meantime, the global markets are open today. we are seeing some negative activity in the futures market because of some of the activity

i'm andrew ross sorkin and michelle cabrera sitting in for becky. u2 played to 20,000 people. the irish band returning. front man bono paying respects to the 130 people killed in paris that day and the 14 people killed last week in california. meantime, back here at home, president barack obama addressing the nation last night saying in his words freedom is more powerful than fear and discussed the broader threat of what he's calling a new phase of terrorism. john harwood will join us from the white house. before we do that, let's get up to speed on this morning's other top stories. michelle? >> let's start with oil. crude prices dropping after friday's opec meeting. as a result there's no agreement on output targets. in fact, the cartel didn't even mention a quota, something we haven't seen in decades. analysts say this is a message that opec or saudi arabia is willing to deal with low prices. you can see wti is back below $40 per barrel. u.s. gasoline prices dropping again as well. the lundberg survey says the average price is down 4 cents. $2.10, the lowest level since late

i'm becky quick with joe kernen and andrew ross sorkin. they'll be available on all streaming music services starting on christmas eve. unlike taylor swift the beatles songs will be available on free versions on services like spotify. first let's get to the markets. yesterday was a good day for the markets. the dow was up by 165 points. you can see this morning the green arrows are up once again. s&p futures up by 8 and the nasdaq up by 20. >> let's tell you about the big stories we're watching this morning starting with oil. wti crude closing higher than brent yesterday. that was the first time of august 2010. watch for inventory data. we'll get that at 10:30 eastern time. and break in the last hour a new report coming up from opec predicting that oil will rise to $95 barrel but only in 24 years. also on tap we get durables goods and personal income and spending and at 10:00 new home sales and consumer sentiment but some of the numbers came earlier when the commerce department released spend dag at a yesterday. we got november consumer sp

i'm becky quick with joe kernen and andrew ross sorkin. breaking overnight a spacex falcon rocket with a safe landing. officials say that the launch was the first attempt to land a rocket on land after previous attempts used floating landing pads and those were not successful. you can hear the cheering though from the staff at spacex. right now let's get to the u.s. equity markets. we have been watching the futures at this moment. the futures are relatively flat. dow futures are up by 15 points and the nasdaq is up by 6.5. check out oil prices as joe mentioned there was a rebound in oil prices but this is ever so slight. you're back above $36 barrel but just barely. up by about 28 cents to 36.10. brent is up to 36.44. part of this, at least with wti is because that january contract rolled. you're looking at a february contract. we were already in a february contract for brent but every time you see that roll you'll see prices come up slightly. the question is whether they can hold on to that. >> it would be under 35 i think if you just add

i'm becky quick along with joe concerner and andrew ross sorkin. house speaker paul ryan telling republican lawmakers that congressional leaders in the white house reached a deal. the two sides agreed to tax and spending bill that would reach a deal. 2016 through the budget year and 40 year old ban on exports. we'll get into more on that. and we'll have more from last night's gop debate in just a bit. and check out the markets on this fed decision day. gains with the dow up by 150 point. and up by triple digits once again. a gain of 129 point ifs the markets were to open right here. s&p futures are also indicated up higher. they're off by 13.5 points and the nasdaq up by 38. starting with the fed the fomc will wrap up the meetings with the big decision on interest rates. chair janet yellen will hold a news conference 30 minutes later and economists are widely expected with an increase in the fed's fund rate for the first time in nine years. a lot more on this big decision and possible market reaction in just a minute and don't miss complete coverag

i'm becky quick with joe kernen and andrew ross sorkin.he dow tracking to close out 2015 down about 1%. the s&p is just near break even levels. we're three or four points above break even. that would be looking at the nasdaq and looking to finish 6 or 7% higher at this level. let's take a look at the quick u.s. equity futures. where we go this year, break even on the futures this morning too. the dow futures are up by 7 points. >> not to rain on the new year's eve parade but news just out that authorities in belgium now detained six people as part of their investigation into a new year's eve terror plot yesterday. here's where it gets more complicated. they called off the new year's eve fireworks display citing fears of a militant attack. they wouldn't be able to guarentee that every attendee could be checked so they cancelled the celebration as a precaution. also the city of paris cancelled parts of its new year's eve celebration and shortened the amount of time that the light show will be taking place to avoid having large groups gathere

if they were as smart as andrew ross sorkin, i'd be much more challenged. >> get something done. >> weomething done. we'll see. it's a trick cany bringusiness. >> we love having you. kayla, thank you for being here. "squawk on the street" starts right now. >>> good morning and welcome to "squawk on the street." michael is day pe debuting here. take a look at futures. two more trading days left of 2015 undid sister some future. dow down about 33 points in early action. nasdaq crossing over into

i'm andrew ross sorkin. becky has the day off. we do have confirmation this morning from the north american aerospace defense command and santa is on the move. >> look at him go. >> norad continuing the 60 yearlong tradition of tracking the guy in red as he makes his way across the world to bring gifts to boys and girls. if you're looking for white christmas this year, the only way to do that if you're in new york right now is to head west. in the south and even parts of the northeast people will be wearing shorts. a southwest wind could bring temperatures in the 60s and 70s. >> but not you. >> but not me. i'm wearing a sweater. >> you're cold. was it cold yesterday and today in the studio. >> television is a visual medium. >> it's the holidays. >> it's not the plaid. it's the sweaters that bother you. >> it's the whole thing. >> it's christmas. >> it's christmas. it's holidays. >> is it cold at 70 degrees? >> this is my christmas shirt. i with only wear it once a year. >> you design something based on what it's supposed -- it's 7

i'm becky quick with joe kernen and andrew ross sorkin. the u.s.nd cuba reaching a deal to resume commercial flights between the two countries. we'll have more on this story just lal ba little bit later th hour. the global markets reacting to the first fed rate hike in nearly a decade. u.s. equity futures are up again this morning. the dow is up 50 points above fair value with the s&p futures up by 6.5. yesterday the markets were sharply up across the board. the dow was up with a gain of 224 points. s&p up more. a gain of 1.5%. a gain of almost 30 points. the nasdaq was up as well. taking a look at what's been happening, the stock you can see surged into the close yesterday. the s&p is now on its best three day winning streak since early october. it's the first three day winning streak since early october. treasury yields moving higher as well. two year yield rising above 1% for the first time since may of 2010. check out the yield on the ten year this morning, 2.239%. >> and the global markets taking a queue from wall street this morning. asian st

i'm becky quick with joe kernen and andrew ross sorkin. police are processing the scene from two shooters opened fire on a holiday party. one male and one female were killed in a shoot out with police a few hours after the massacre. now the investigation turns to who motivated the couple to commit such carnage. we'll be joined in just a moment. >> first a couple of the big market stories this morning. the ecb is meeting in frankfurt right now. then president mario draghi will hold a news conference 45 minutes later. expected to expand the central bank's bond buying program. they're also looking for a deposit rate cut. the euro is under a bit of pressure. let's also take a look at european stocks at this hour. you're looking at a picture of -- well, things look increasingly better. this is the injection issue that we always talk about. we're also watching the energy markets this morning, opec ministers are gathering for a meeting tomorrow. reuters reporting saw day rab i can't is going to be proposal the cartel cut output by 1 million barre

i'm becky quick along with joe kernen or andrew ross sorkin. this is the final one of the year. it's the quarterly expiration of stock and index options and futures and you could be in for a volatile trading day ahead you're going to see right now the futures are indicated down another 85 points. yesterday the dow was down by 253 points wiping out all of the gains from wednesday's trading session after the fed raised rates and then some and with nine trading days left stocks are on pace to end a winning streak. investors running. stock funds posting $13.2 billion in outflows. that is the third straight week of withdrawals. investoring pulling bond funds in the last week. they recorded their largest one week net withdrawal since tracking fund flows in 1992. the dow and the s&p now both down for the year. nasdaq still higher. >> got ripped off yesterday. finger. >> that's a couple of fingers. >> it was pretty ugly. >> it's like a pinky. >> after the victory laps on wednesday. you know, i'm not going to mention any names but he sits right here with me a lot of times. it couldn't ha

i'm becky quick along with joe kernen and andrew ross sorkin. >>> it is the hottest gift in 2001.zon is pulling some hover boards from its floor a mimid concerns of safety. there are fires with them. there you can see it at the mall. >>> first, let's get to the markets. the s&p coming off its worst week since the middle of august. last week the dow was down by more than 3.3%. the nasdaq was down by 4.1%. you can see there are green arrows. the dow is up by almost triple digits. looks like the futures would open up by close to 100 points. nasdaq open up to 32 points and the s&p up by 11.5 points. >>> oil was down by $4.35 a barrel. this morning wti down another 26 cents to $35.36. >>> let's tell you about some other stories we're watching this morning. "the wall street journal" reporting that david barse is officially out. the departure after the collapse of the junk bonds. it was hit by heavy losses. third avenue looked to liquidate the fund and block redemptions causing all sorts of hysteria. dan loeb officially calling for the removal of dow chemical ceo andrew livrist. it raise

i'm andrew ross sorkin. we have a purple something going on here this morning. she is sitting in for becky quick this morning. of course to queue the countdown clock we're getting ready for the november payrolls report. the numbers coming up at 8:30 a.m. eastern time. the economy likely added 200,000 jobs last month. the unemployment report seen holding steady at 5% t. futures right now are up and up in a big way. the expectation of course that janet yellen will raise the interest rates by the way unless the jobs number is somehow massively negative. right now dow would open up by 92 points higher and the nasdaq up 20 points higher. all of that could change at 8:30 but we'll see the other big story of the morning. members of the cartel not in agreement over whether production cuts are needed. oil prices at this point, wti crude at 41.65. we're going to head there for a live report in a minute or two but first michelle has the mornings other big stories. >> let me ask you this, we're all focused on the jobs report and janet yellen, we get a few more days like yes

planned parenthood, the business record at hp, when jeffrey sonnenfeld from yale came out, when andrew ross sorkinew york times" came out and said you need to take a closer look at her record at hp, that hurt. chief among the reasons as to why she's faded, she distinguished herself in that first debate last summer and republicans thought maybe she's the one best equipped to take on hillary and to embody the anger that we're feeling but she was totally suplanted by donald trump. he took the oxygen out of the room. he became the chosen one for that pent up, frustrated crowd within the gop. >> michael, what plays really well with that pent-up crowd is attacking us, attacking the media. >> definitely. >> she's done that, like donald trump has successfully done twice in the interview with chris. first of all, saying you're a journalist, chris and asking his -- and then asking his opinion on it. >> she asked it as a question. did she say are you a journalist? >> she said you're a bjornalist. let's listen. >> there were scenes and picture depicting horrible things that nobody should want to see that were