we have the report from baker hughes this hour reporting a sharp decline in the number of rigs going another indication that energy companies are starting to pull back. >> should we do the yahoo finance question of the day? i think we should. where do you see stocks heading in the first quarter of the new year? here are the results. 54% said stocks will climb and move higher. 22% say they will stay flat and 24% said stocks will drop. that is what makes a market. >>> let's go see what is coming up on "street signs." >> coming up crude oil hitting fresh five. can it hold above $53 a barrel into the close. we will tell you all about college football $48 million man. is he worth it? and can you name today's charts? single best performing stock in the s&p 500 this year. the answer and a lot coming your way on "street signs." "power lunch" returns right after this short break. i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning

interesting prior to the baker hughes report we saw oil prices tanking here.took out a major resistant area went down to 52.90. but when this report came out they seemed to stablize. people realize we'll see less oil down the road. you have to watch tracy cotango in the market. not only seeing a glut of oil in the short term but a lot of people are buying oil at cheaper prices today and putting it away for rain any day maybe six months or a year down the road and starting to make money off that. there could be a big rebound later in the year of course when supplies level off. tracy: anyone's game at this point. phil flynn, at cme. thank you sir. >> thank you. tracy: they're still looking for signs and fears grow for airasia's missing plane as search teams finish the second day with nothing to show for it. >>> we have regulation nation from calorie counts on menus to laws against drones. the obama administration has sure got busy with the rule book this year. take a listen in next to see what that's going to mean for you in 2015. we got "piles of money" coming

. >> baker hughes is spending more money to paint these pink and promote themselves then they are makingreast cancer donation. >> but they think she's looking at it wrong. >> isn't it justice if you believe they're going around causing cancer to make money away from them to help cure it. >> oh. what have i been thinking. i feel like a ding dong. >> these pink drill bits have changed the game. i'm about to turn your operation into a money making machine. oh. >> better. i feel like optimizing the health risks. how many car sin owe tkpwepbz does a fracking company use? >> hundreds. >> you could make money off each carcinogen. open it. >> >> don: thank you. >> pink ribbon zero spf sun screen. radioactive waste. i switched it out. it's pink now. >> time to show her how to turn pink into cold hard green. every radioactive dump site, smoke stack and polluted canal could poise on the planet for the cure. >> look at all of the possibilities. >> i could never take money from the industry. >> alright. i have had it [beep]. >> i won't let her sin a cynicip me from doing my part. >> jon: wow, samanth

we've got aig, that's an great getting hurt but doing the deal with baker hughes. think they are doing a good job. the chargers are behind and hp and brooke fieldkóo diversifie global management company. don't know what they own, which bothers me butkz.bj asset manag, oil service, tech, these have much less over lap than a lot of other banks so i'm okay with that. that's a bad story and i hope you're okay. i know that's a tough one. stick with cramer. discover the new spirit of cadillac and the best offers of the season. lease this 2015 standard collection ats for around $329 a month. >> i want you to do homework on dennys and arista? watch the restoration hardware, gary freedman and i won't tell you how it happens. i'm jim crimer aamer and i'll s tomorrow. >> narrator: in this episode of "american greed"... kenneth ira starr is the money manager to hollywood's a-lists. >> among his past investors, annie leibovitz, martin scorsese, sylvester stallone, wesley snipes. >> you know, the names just went on and on. >> narrator: starr woos potential clients, but he doesn

baker hughes said that the count in canada, active rig, fell 135 to 256 active rigs, so there are much higher impacts north of the u.s. and in canada. remember, this is a company that two large hedge funds are a part of. so, these are two big names as of the last reporting period. we don't know what they've done, if anything, yet, but they are two big names that are part of this play. back to you. >> thanks so much. remember, relateded to this name is investors real estate trust and karen finer man was talking about putting a short on that name, so that's another one to watch in the after hours sessions. we've got iret and right now, it's not moving much, but it is worth keeping an eye on. >> and it's a name, like a lot of these names. i call it a small cap. less than a billion dollars. it's going to move a lot. the volatility's high. what's cheap here, but that's very, very deceiving. these are guys that had big numbers last year. to say they're going to do it again, that's a value trap. >> if i could real quick, the issue here is is the benefit that tim spoke of, which i agree 100%.

my favorite in that group is baker hughes.oil were going much higher i would recommend it. >>> i need to go to harvey in my home state of new jersey right now. >> caller: booyah, jim. >> booyah back. >> caller: thank you so much for all you do for us home gamers. >> i'm doing my best here. what's happening? >> caller: annally. >> i know that yield seems tempting but i do not want you in the stock. i'm going to kristin in colorado. >> caller: hi, jim. >> hey, kristin. >> caller: booyah. i wanted to thank you and your staff for inviting me on the show. >> i have a cracker jack staff although they keep eating the good food we have been getting. >> caller: i waunt to ask you about a stock we had bought. bcrx. >> you know what, i got real high ones like celgene and regenron. i will steer you towards those. i feel more comfortable recommending those. >> i'm going to new york. >> caller: nice talking to you from long island. i love the show and love you. >> thank you. >> caller: i am a long term investor in ge. i saw you on the inter

we own halliburton, baker hughes. adam: would you buy more? >> certainly it's a stock on our buy list. we're not buying more at present. we're adding in areas that are outside of energy, but may be exposed there. like a company like flour, something investors should take a look at. but i think energy is a great sector for investors with a long term time horizon to take advantage of that blood in the streets. as i like to say, some of the blood is on my hands. liz: you're disciplined. i like that. peter kenny, john buckingham. great discussion. adam: as we've been discussing oil falling to its lowest level since may 2009. low oil prices shouldn't go to all the credit. >> the oil refineries, i don't know for how long, jeff flock, you're live from exxon mobile joliet refinery. look at that. >> sometimes on live tv things happen. for those that don't think oil refineries are good for the environment, i give you this picture of nature making peace with the oil refinery, the exxon oil refinery, one of the the employees feeds them carrots. there you

baker hughes, bhp billiton showing nice gains in otherwise flat market. >> these are classic stocks. i'm thinking investors looked for yield. that's why they're snapping up utilities. [closing bell ringing] , likes like the market is trading down heading into the close. i don't know about making a record. s&p is up a little bit. up a little bit for the s&p. cheryl: up seven sessions for the dow. we'll take it. david: the dow is down. all other indices are up a little bit. look at nasdaq, really strad deading the -- straddling the flat line. "after the bell" start right now. david: getting right to today's market action, mark travis of intrepid capital management. he says the rally of 2014 will continue into 2015. craig hodges from hodges small-cap fund. he says it is time too look for companies on sale and yes, he

right off the bat, how does an investor spot similar deals like what we saw weeks ago which was baker hughes you know, some of the other names. at halliburton. is that what it was? did i get that right? other way around, i'm told. >> you're right on track. what you need to do as far as investing in oil right now, if you want to stay evolved and exposed to that sort of sector, you're going to look at the best of breed. me personally, for my clients, we're looking at slumbersday. they'll potentially be acquiring these mid-tier regionals that have popped up. look for the best of breed. i don't think oil will stop and reverse its track any time soon. so really be careful. don't catch a falling knife here. liz: peter, what do you think. boone pickens came out said, we could go back to $100 a barrel. where do you see oil going? >> i've got the same book. i own a lot of oil stocks. but, look, i think this oil decline, again, is temporary. i think it's more a market-driven phenomenon. it's technical. a lot to do with the anticipation of a tighter fed and a stronger dollar. the dollar has strengthene

next, one of our traders made a bold call on baker hughes.nd our next guest used to manage more than a billion dollars in assets. we're going go get master investors reid walkers energy outlook and strategy for this year's portfolio with purpose competition when we come back. s. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. make the best entertainment part of your holidays. catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. sony news. let's go to julia boorstin at the breaking news desk. >> sony announcing a limited release for "the interview" on christmas day. ceo michael linten saying we never have given up on releasing "the interview." they don't specify how many theaters. he goes on to say at the same time -- this follows some tweets from two independent

liked baker hughes. liked broad com and intel. of those in the portfolio along with inger solrand. i still believe in those stocks. i was very happy with the portfolio. the format changes so there will be a little more trading. still no options but will be more trading. >> your take being more tactical as a trader or being a buy and hold investor. both can work. if you are going to be a picker of stocks you better pick good ones and these guys did, that being murphy and joe. >> you have to take into fact there are transaction costs, attrition costs. when i was on the buy side you had to worry about those things, about the transaction costs. remember this year active managers on average, the stock pickers, the ones who seek alpha have under performed. again, people come on both sides of this argument and they will swing back and forth from year to year. this year and the last couple of years it has always been about the beta guys. >> if i were pete i would play this into protest. he had a stock taken out. that would have put him ni

baker hughes is starting to go higher.ubt about it, the off shore drilling is where it's just not going to pay. those are longer term projects, but it's very difficult to say, you know what, this is the time to go prospecting in gold. the problem with the gold in mexico, you're not necessarily going to hit oil. when you're doing it on shore, you're going to hit oil. g.e. has a mixture of everything. remember, the last meeting was about why we moved into the hottest area of the u.s. ee ckcn hottest area of the u.s. ee ckoy economy. i'm saying there was a moment where everything was looking real good for oil and g.e. made it in. >> when we come back with the first holiday shopping weekend in the books, walmart taking on amazon. looking to capitalize on cyber m monday. we'll have courtney reagan's interview with neil ashe in just a minute. kid: hey dad, who was that man? dad: he's our broker. he helps looks after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're

but baker hughes, it makes a lot of sense to be in halliburton, because if it doesn't go through, halliburton'she clear winner. it's pretty cheap, and it's trading around 13. it really makes sense to be -- charles: okay. >> if you want to catch the -- charles: we'll leave it right there. up next, millennials to the rescue for the housing market? that's right. all of the experts, guys, say that your kids are going to move out of the basement next year and save the housing market and america in the process. i want to know if you really believe that. we'll be right back to tell you how to make money from it. ♪ ♪ it's more than the driver. it's more than the car. for lotus f1 team, the competitive edge is the cloud. powered by microsoft dynamics, azure, and office 365, the team can gain real time insights and instantly share information around the globe. when every millisecond counts, staying competitive begins with the cloud. this is the microsoft cloud. i'i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national.

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

it turns out for this week according to baker hughes the active count the united states declined by 18 riggs to a total of 1,875. the active red count in canada declined by 40 riggs to 391. so the total rig count is 2,266. what we will show you also is again this has been a steady decline over the course of the past five weeks and the number of active riggs in north america. however if you look at it long-term over the last decade it hasn't been that big of a drop off. we saw a noticeable one during the financial crisis. >> thank you very much. back to mike kelly manager and senior director with dploebl hunter securities. his numbers confirm what we were just talking about and that is that there is a bit of a pull back. and second get your thoughts about and times of stress can be times of tun. maybe you have names that might be worth a buck or two. >> it started. did decline of the rig count is starting. we expect at least a 20% pull back when all is said and done and the way to play this is to focus on the companies that have core acreage. there are select names here that will be win

obviously halliburton, you name it, baker hughes and groups like that. so i want to keep them working in the oil patch. i also know this is the best time in my history that we've seen refinery margins where we're at. and that's what i want to ask. typically the intergrated oil companies that have refiners and production, they have refining. that is not the profit center. most of the profit center is the production side. we do have three of those refineries are are also independent refiners. they're not integrated or majors. have you seen -- have you done any research on the refining capacity? i know the shutdown of refineries, smaller refineries around the country, there is some concern over the years that even though we weren't producing as much crude as we needed right now, also we were losing refining capacity. have y'all looked at those numbers? >> we have a study under way on the ability of u.s. refineries to absorb this increase in the lighter oils that are being produced from the shale formations. we'll have that out sometime in the early part of

baker hughes at the unchanged line.odity. >> we're stunned by the vix too. not only did it spat. today, but up 78% over five sessions last week. there seems to be a slight bit of concern with the markets. >> it has been wild. to watch it today to have the intraday swing we haven't seen in three years is highly unusual. so the vix in itself something to keep an eye on. david: folks watching gold particularly as we approach the fed meeting. gold is moving particularly what the fed does and moving down today, isn't it? >> down in the after-hours 30 bucks. gold plays so many roles, right? it place psychology and commodity and currency. well watch for fed earlier in the week. certainly below the 1200 mark. bringing names along with it. newmont mining down 3%. liz: today they're getting hurt among the biggest decliners, right? >> 3-d systems. look at stratasys. these names are under pressure. we saw social media on the other hand doing well. it is wild. [closing bell ringing] david: bells are ringing on wall street. looks as

stock has been killed since they announced the baker hughes news. i don't want it to go below 39.can get back to the low 40s. >> what do you think of the pick? >> it is a beaten up stock, a sector overdue for decent bounce. if you get a bounce halliburton is going to play. >>> it has been another fun week on "the halftime show." >> we try to buy low and sell high. >> really good strategy there. thanks for asking. >> have you seen the airlines today? we haven't talked about those. >> how about chinese stock doubling s&p 500's performance this career and technicals say it is higher. it is our chart of the day. we go to josh brown for the break down. >> thanks, scott. >> debt and higher costs. >> i thought you were throwing it to a sound byte. >> can i go to the intro of the show where each guy got their own screen and richards and i split one. >> it's always good to talk to you. don't worry about liesman lumping you in with him at the beginningfelt you are a handsome dude. >> that was fun. >>> let's go around the horn and do final trades on this week. >> i'm going to go with bank of

we've talked that i'm not sure how the whole baker hughes halliburton deal will transpire as well. something will have to get renegotiated i think given the drop in oil places. that would not be the one i would focus on. royal dutch because it's a special situation a restructuring story, they are selling $15 billion worth of assets this year, returning $30 billion in cash flow over the next two years and so i like that in the face of the volatile underlying commodity. >> you have a take on the big integrated names? >> i mean, not a specific name but swn, southwest was in barron's also. >> yep. >> i can't believe you're going to knock down the price of natural gas 20% because of what the front month contract does and turn around a year from now and to me, these nat gas stocks at some point become close your eyes and buy them. >> i tend to agree with stephanie on that list of barron's and i think that, you know, this idea of screening for quality, screening for big healthy balance sheets, companies that really can get by for a while, if oil stays lower or volatile or both, i like all

but baker hughes, it makes a lot of sense to be in halliburton, because if it doesn't go through, halliburton'so be the clear winner. it's pretty cheap, and it's trading around 13. it really makes sense to be -- charles: okay. >> if you want to catch the -- charles: we'll leave it right there. up next, millennials to the rescue for the housing market? that's right. all of the experts, guys, say that your kids are going to move out of the basement next year and save the housing market and america in the process. i want to know if you really believe that. we'll be right back to tell you how to make money from it. ♪ ♪ want to know how hard it can be... ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enla

surely this is something that investors -- >> is it really going to change with the baker hughes purchasehat is another part of the puzzle here. how many are looking to consolidate? to offset a lot of the changes in the industry? expect a lot of more that -- expect a lot more of that. that just happened yesterday. angie at ubs says that it is just one step, the first step, really, and conservation. you will see suspended dividends. >> what about consolidation? >> it is already in the cards. that is what the next step may very well be. people may try to hold off, but these were put in years before, they might have some room to hold off on it, but maybe once it gets going you might see a mad rush. >> it is all about the less new drilling, right? >> exactly. when companies have been looking at it for quite a while, there are already efficiencies playing out. they can extract more for less money. back, we areme going to stay with oil. for the shaleay revolution, you may be looking at big losses. ♪ ♪ bloombergrom headquarters in new york, this is "market makers." is "market makers," on bloombe

look what is happening with halliburton and baker hughes.t's -- how much of a catalyst is $65 going to be for him in a and energy -- m&a and energy? >> typically, there's a delay between when prices move and sellers expectations change. i think we would certainly expect a slowdown in activity in the first quarter as people recalibrate their budgets and their capital needs going forward. ultimately, if we hang around the $65 price for some period of time, it should be a catalyst toward activity because people's access to capital and ability to drill effectively will change dramatically and force activity. >> where are we going to see it? smaller producers buying smaller producers or will this be a field day for private equity firms and credit opportunity hedge funds, which have an opportunity now, for example, to buy up distressed debt, take control of creditors committees, etc., etc.? >> the people with money are the big advantage in this environment -- >> every environment. >> right. the unconventional world is people tend to spend money au

yesterday you had baker hughes talking about reducing its rate count. data points all over the country with companies doing system plar things starting to reduce head count. starting to see these lower oil prices are starting to hit home. traders telling me we could bounce around the $50s. january would get hit hard when books rebalance. we are getting an upside to gold. short covering out of asia. also end of the year rebalancing for gold k. can't seem to break back over that $1,200 mark. watching commodities closely with the market. >> thank you very much. >>> when we come back art cashin will join us as he celebrates 50 years at the nyse. dow down about 28 points. back in mant. >>> some of the top gainers on the session, best buy walmart, lower gas prices and the ideal shopping weather left them raising estimates for best buy, target and maintain street estimate for walmart. in my world, wall isn't a street... return on investment isn't the only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is wh

a month ago we reported that halliburton is going to acquire baker hughes.hey're going lose 1,000 employees. is this moving too fast to make any predictions? >> i think the pace of change makes it hard for the m&a business. i think it's always hard to make predictions in the oil and gas industry. i would say it's probably a net positive for m&a. >> i want to get to the energy market. i would suggest there will be three transactions by monday morning. they're down 60%. do you represent transocean? >> we do a lot of work in energy. >> i want to be careful i don't step on your private matter, but the ferment right now, it's great for you, but what is the angst for the energy business right now? what's the level of sweat this friday morning? >> i think everyone is focused on their business, trying to understand what this means to them. >> there's no business. it's imploding. the second derivative of oil, and you have i never seen this. steve roach was shaking yesterday. >> this is not the first time the oil industry has been through retrenchment. >> correct. s i

still own baker hughes.ll have neighbors and some of those i think prudent to take some of those off, given the moves dramatic and wait for stabilization in that space before committing more capital. >> danny what about you guys? >> >> i think to john's point do your homework on these name, which -- you want to be in energy, what type of energy dwupt to be in? do you want to be in the drillers? be in the guys who supply the drillers? the guys at the pump that have more dig significant margin protection? so it really nice do that homework, but it is absolutely a stock pickers a market in the energy side. but then again, you see oracle at 52-week highs after their earnings up 16 and a half% for the year over 8% today. microsoft, over 26% this year. if you have been on that ride as well, i think some people are probably taking some money off the table, taking some profits at the end of the year as well. so, i expect to see more volatility this week, next week though totally different story. i think we are going

looking at baker hughes and halliburton, they saw an opportunity to overthrow an entire board becausein a row and they were voted out annually. a mid small cap public oil company batten down the hatches. the sharks will circle and coming after you to consolidate, sell, certainly to change out management. it is going to be a banner year for the hedge funds in the activism space. >> i agree. >> do you agree, carl? >> yeah. you know what? i think it goes beyond that. i think some talk recently of small shale players in north dakota area. so you're going do see big oil taking a look at some of those small shale companies, especially the ones in the high-yield debt. they're going to attract a price here pretty soon if things keep going this way. >> carl, chad, can you settle a debate for me? i just talked about china, still importing and demand is still positive this year. is this a demand side picture or a supply side issue with oil pricing right now? >> carl? >> you know what? it is not just demand thing. not just demand in asia but real loser here is europe. europe's had a really rough

baker hughes and groups like that.o i want to keep them working in the old patch but probably, this is the best time in my history we've seen the refinery margins where we're at. and that's what i wanted to ask mr. saminsky. typically, integrated refineries with production, they have refining but that's not their profit center. usually it's the production side. we have three of the refineries also independent refineries. they're not integrated or majors. if you've seen, have you all done any research on the refining capacity? because i know the shutdown of the smaller refineries in and around the country, there's some concern over the years that even though we weren't producing as much crude as we needed right now but also losing refining capacity. have you all been given those numbers? >> we have a study under way on the ability of u.s. refineries to absorb this increase and that lighter oils that are being produced from the shale formations. we'll have that out, i think, sometime in the early part of next year. i thi

baker hughes reports the on shore count declined last week. that was the third week of declines. u.s. oil producers are pulling back amid these lower crude prices, the lowest that we've seen in five years as the nasdaq gets close to the highest levels in 14 years. obviously, not completely related, but t kind of interesting. >> the understand decks is now at 5% from its march 2000 high. check out the leaders. american airlines up 109%. you will be very happy if you own that stock. electronic arts adding 108%. if you think those are terms to impress, you have not seen anything yet. since the nasdaq peaked in 2000 been here are the stocks that have gained the most. monster beverage up 41,000%. keurig green mountain up 34,000 percent. tractor supply nearly 7,000% and gilead more than 4,200%. but how about the most talked about tech giants? apple is up more than 2,400%. microsoft is still 6% below its march 2000 high. intel, 38% below its best mark that year. cisco, 58% off of its high. >> not sprooi surprised. >> huge multiples back then. >> it was has 50 sometimes earnings. >> coff