still, halliburton, baker hughes, shares are halted right now. they're saying they have not offered apparently -- the department justice said they haven't offered enough of the concessions to allow the deal to go through. but they have now until the next time line is april 30th. permitted under the merger agreement. again, they are delaying what's happening with this pending merger. pending justice department review. april 30th, the next benchmark date. they're going to work on trying to get more remedies in place to get regulators to try to approve this deal. we'll keep you posted when they open up again. what you're seeing right now, shares of baker hughes now still halted for the news. back over to you. >> thank you, dom. they're the second and third biggest in the oil services industry. they had agreed to join forces last year. so leaving the industry highly concentrated obviously. you know, it would be named halliburton should this happen, but again as we're hearing here this is after the antitrust period was pushed to november 25th back in

talks are heating up between ge and halliburton -- how it could help in its takeover of baker hughes. apple steps out to overhaul the pay-tv bundle. mediay can't facedown giants, can any company question mark we are one hour away from the closing. amy: we started out in a good way with the doubt popping about 200 points and now we have given up all of those gains. looking at the numbers, we are scraping bottom and it looks like we are not going anywhere. 1% and the down nasdaq down the most, by about 1.8%. continue on this trend, it's on its way to the worst close in weeks. u.s. crude oil inventories did come in at a near three-month low earlier today. 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%. th

baker hughes 2% lower at 46.78. cheniere will replace its ceo. this comes just a few months after the activist investor carl icahn hiked his stake in that firm. board member neil shearer will serve as interim chief while the company saepz for a replacement. shares lower. valeant has hired a crisis management firm and an attorney. this according to reports the company is under increasing pressure over its drug pricing policy. shares up 1% at 94.14. >>> bridgestone's retail unit has hiked its offer price to purchase pep boys to more than $850 million. the move is an effort to match billionaire investor carl icahn's bid for the firm. shares fell a fraction today to 16.22. and royal dutch shell announcing its plans to cut 2,800 jobs after it completes its statakeo of its rival b.g. group in an effort to cut costs. shares fell more than 1% to 43.95. >>> today is december 14th. also one of the busiest shipping days of the year and the busiest bar none for the postal service. morgan brennan takes a look at how the shippers are faring. >> reporter: today

before they were halted baker hughes up 2.25%. halliburton better than 2%. we'll let you know. >>> l.a. on high alert that the hour. all public schools shut down after a number of school board members received e-mails raising fears of attack. remember, san bernardino is just an hour away from basic los angeles and the school district there. new york city officials said they received the same threat but they concluded it was a hoax. new york police commissioner bill bratton, once the l.a. police commissioner said he thought l.a. overreacted, that was a comment that was not welcome across the country. >> the school district safeguards three-quarters of a million lives every day. when they make a decision, they have to take into account the safety of the children of los angeles. i think it's irresponsible to, based on facts that have yet to be determined, to criticize that decision at this point. liz: fox news' adam housley is in los angeles with the very latest. and can you tell that the l.a. officials from mayor garcetti to of course charlie beck were unhappy

baker hughes fell a fraction to $46.50. halliburton was 1.5% higher at $37.10. >>> there is a new problem gripping america's workplace. prescription painkillers. employee abuse of these drugs is a growing problem nationally. i and if the problem isn't dealt with, it would become very, very costly. >> maine has been particularly hard hit by this epidemic. >> opioid use is a serious problem in my home state of washington as well. >> tennessee rates near the top of the list for prescription drug abuse. >> reporter: a new report says prescription painkiller abuse is affecting the workplace in particular. according to a survey reliesed by the national safety council and indiana's attorney general, 80% of employers have been affected by employee misuse and abuse. but it is not just indiana. >> this is a national problem and it is really important for employers to understand this is an issue they need to pay attention to and not put their head in the sand. >> reporter: the president and ceo of the national safety council says not

i want to talk about baker hughes.ince recovered from a brief halt in trading represented right here where this dip is where everything stopped. at thented to look merger for halliburton and how it was delayed. the stock off its session highs and first gain in four days. nearly 3% ass up the doj is said to be unhappy with the disaster plan proposed .o get the merger the doj says it may delay a final decision until 2016. check in on's bloomberg first word news with courtney donohoe from the news desk. courtney: let's start with what is happening in los angeles. a law enforcement official tells the associated press that the threat that closed all schools in the los angeles school district was e-mailed to the school board member and appeared to come from an ip address in germany. which is the second-largest in the nation has 640 students in kindergarten through 12th grade and has more than 900 schools and 187 charter schools. all schools, i have asked them to be searched today by the appropriate people and appropriate peo

>> i don't like the baker hughes situation. it has more down side. oil is not going to soar the way they would like it. if you can own it after a couple of years but i don't like the near term meaning the six to 12 months. if you like oil, there's a couple of high growth companies i do like. but the oil service group, let's just say not very special right now to be diplomatic about it. in the word of the great marty zwzwg, what you are concerned with is the probability of success. yesterday the fed adjusted the odds. that doesn't mean up should give up. if history is any guide, you can still find winners if you know where to look and i'm here to help do you that. >> the weather outside is delightful. is that how the song goes? could warmer weather weigh on con ed? and i'm sitting down with the ceo. plus, it's the most wonderful time of the year for many. i'm calling it do or die. can dhe ceo make your holiy murray, m-u-r-r-a-y? >> announcer: don't miss a second of "mad money." have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@

halliburton's takeover bid for baker hughes is facing yet another hurdle.ntitrust officials revealed they may delay a decision until next year. that's according to a person finale with the situation. has raisednd brazil concerns about how the merger of the number two and number three will servicing companies can change the competitive landscape. sentiment gauge's fell for the second month in a row, having a 10 year high in october. they're concerned about the rising cost of labor and loss. now he and pharmaceutical has a new distribution deal with walgreens, to help lower the prices of branded restriction based products by 10%. the deal also covers over-the-counter products made by value pharmaceuticals, international. the 20 year deal takes effect early next year. you can always get more business news at bloomberg.com. ramy inocencio as a check on companies moving this afternoon and pouring over reports. ramy: the first and i talk about is disney. that "star wars," came out less night in los angeles, and shares have been gaining. right now they are gaining

justice department questioning whether other companies can buy some of haliburton and baker hughes assetslkswagen explains chain of mistakes for emissions scandal. kind of self-explanatory. following internal investigation the mistakes began with the company's diesel push into the u.s. in '05 and quote, culture of tolerance for rule breaking that allowed the deception to continue. we knew that. now vw admitting that. nicole: mock political debate ahead of "monday night football." >> here is my friend but he is a loser. >> you're just mad because the cardinal defense is a wall and you can't penetrate it. nicole: we'll tell you who came out on top of that one. john mccain's arizona cardinals or al franken's minnesota vikings. it came down to the wire. in supports a big night for a at bam running back. dow futures down 67. s&p futures down six. nasdaq futures down 18 for the week. all 10 sectors lower. seeing selling pressure in oil. you're watching "fbn:am," your first look at morning markets and breaking news. ♪ >> we've heard this kind of rhetoric before from my very close friend but wher

the division is being sold to clear the way for halliburton's takeover of baker hughes. general electric rose a fraction to $30.47, but halliburton was more than 5.5% higher to $38.30. >>> in real estate, there are now more than 9 -- 9 million more renters than they were just a decade ago, according to a new study. that is the biggest jump on record, and they are paying more than ever before. the harbor joint center for studies says one in five are paying more than 30% of their incomes on rent, and the number of people paying more than half their incomes on rent went from 7.5 million to more than 11 million in just the last decade. >>> another sobering survey shows that about 20% of americans believe they will never be able to pay off their debt. that's slightly higher than last year. according to creditcards.com, those making $75,000 a year are the least likely to be debt-free, and about half of those in debt say they'll remain that way into their 60s. >>> debt relief could be coming for some who have big student loan debt. with student debt at more than $1 trillion, so

talks are heating up between ge and halliburton -- how it could help in its takeover of baker hughes. out to overhaul the pay-tv bundle. mediay can't facedown giants, can any company question mark we are one hour away from the closing. amy: we started out in a good way with the doubt popping about 200 points and now we have given up all of those gains. looking at the numbers, we are scraping bottom and it looks like we are not going anywhere. 1% and the down nasdaq down the most, by

the baker hughes is out a little later on today. plenty more still to come on bloomberg television. and i will be taking to the airwaves very shortly. we've got some great guests lined up. oil as ever taking center stage. the spread between brent and wti is now virtually zero, which is another interesting aspect of what we're seeing in the world of oil. u.s. exports cleared for takeoff. that's it. "the pulse" is over. "surveillance" up next. ♪ ♪ opec says oil demand will continue to slide into the end of the decade. risky business. british exit from the european union is the first and biggest threat to the european economy. nike outruns the china slowdown. good morning, this is bloomberg "surveillance." i am guy johnson in london with tom keene in new york.

halliburton and baker hughes extend potential merger to april 30.ials are not satisfied with the plan and would like to delay a decision. antitrust officials have always concerns about the merger. from a sitter goes has eight new distribution deal with walgreens, helping to lower the prices of branded restriction raised products by 10%. it also covers over-the-counter products. the 20 year deal takes effect next year. ends speculation that he will leave satellite radio. financial terms of the deal were not disclosed. that is your bloomberg business flash. we want to focus on yahoo! now. full disclosure, you are an investor, but you say the ceo was dealt a tough hand and it may be too hard to turn around the company. this chart has revenue and operating margins for yahoo!, and you say this is damaged beyond repair. she came in after both had peak. does that mean her only play was to dismantle it? wasirst, marissa mayer given a business model that was completely broken. the second and bigger problem was that she was given control of 10% of the company

breaking news now on halliburton and baker hughes. those shares are halted. the companies say they have extended their time for the deal to no later than april 30, pending a review by the department of justice. before the shares were halted, both of those stocks, as all energy shares were, rallying pending their deal closing. let's get a check on the headlines of bloomberg first word news with brendan greeley. brendan: french police say a 29-year-old man is arrested and being questioned at his home in an eastern suburb. his name has not been released. the attacks killed 130 people last month. the man can be held for questioning without -- for six days without being charged. officials in new york city say they received the threat -- same threat that los angeles received but quickly concluded it was a hoax. mayor bill de blasio says he's convinced there's no danger to schoolchildren. l.a.am bratton says overreacted. the white house and i on the relation. >> the president has been in form of the decision based on information they have received. this illustrate s

the weekly rate count from baker hughes showing an increase in riggs last rate -- last week.ng that has been helping oil as we head into the afternoon was the dollar. the dollar has been declining after its recent winning streak. goldve seen copper and gaining. to look at the treasury market as we have seen money flow out, it is flowing into bonds. we are seeing yields push lower on the 10 and the 2-year note. interesting in this week that we did get an interest rate increase. betty: thank you. julie hyman at the markets desk. let's get more insight into this wild week for the market. the best commentary section on the terminal. we have been talking about equities but what about the bond markets? what are the bond markets telling you? lisa: people are pretty excited coming out of the fed. seemed like we had momentum behind our backs. we were ready to go. we are growing slowly but we can keep going. janet yellen came out and delivered it perfectly. yields rose and credit rallied for the riskier corporate credit rally and that has reversed. you have seen on yields as julie was

matt: i'm looking here on bloomberg at the baker hughes rig count. if you look at the last five years, it really is as if it's fallen off a cliff. ashas not been falling steeply recently but probably only because it fell so steeply previously. well that pick up? will we see u.s. production pickup? >> all companies are doing right now is cutting, cutting rig count, investment programs, projects, head count. austerity oncall steroids, and we will get a second year of it. we think u.s. oil and gas cutbacks will be down 60% this coming year. it's on top of another 50% cut. count will certainly continue to trend down in the companiesths as implement these cutbacks, and as a result, u.s. production is going to decline. it's not just the u.s. supply broadly is going to be trending down over the next 12 months. that is what is going to solve thisglut, create fundamental rebalancing of the market, partly higher demands. primarily it will be a supply driven tightening. we think oil is going to be in the 60's, maybe even the 70's, 12 months from now because of

there's baker hughes who got a new adherent there. >> value act yesterday got brought forward contracts>> what does that mean? >> for 7.7%. but they can't vote that, i don't think. >> they must think the deal -- >> they're a big believers at value act in that deal and the power of the combination between baker hughes and halliburton. >> do they think energy transfer can buy williams with stock and not cash? >> that's an interesting question you bring up. let's discuss it during the break. we'll huddle, come back and talk to the viewers. >> i think we periscope during the break. >> nice. >> sometimes it just comes up during the show. >> while they discuss, when we take a break and come back, the beatles with an early christmas gift for the band's fans, and for apple, amazon and google. we'll get to this warning from bed bath, chipotle and celgene. the market looking healthy. announcer: it's time to make room for the new mattress models! during sleep train's huge year end clearance sale... get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices! save even mor

the only support that we've got was from the baker hughes rig count.ou take a look at the numbers, they said last week there were 524 working rigs in the u.s. now, oil rigs. last week before that was 545, so 21 taken offline and this time last year we had three times that number, so production coming down but not enough to boost prices. >> dierdre: what are traders, what did they tell you about where they see prices going? >> jeff: there are a very few positive ones. most of them say it's a perfect storm for oil right now. opec producing like never before. stock is in 80-year high for this time of the year. the u.s. output continues. shell is a big play. there's just not a lot to support higher oil crisis. >> dierdre: s&p 500 logs first week. gary smith. so how, gary, significant oil long-term to stocks? >> gary: i think the effect is more macro. as we all know there's two parts of the whole oil price. there's the supply part of which were a wash-in as jeff alluded to in the last segment and there's a demand part. you know, when oil prices are really l

. >> caller: what are your thoughts on halliburton as an investment long term, after their baker hughes transaction? >> i'm not positive about halliburton. this deal is going to cloud things. buy schlumberger, which is all the way down within 2 points of its low. again, we don't know where oil is going to stop since opec decided to pretty much end itself, thank you saturday. danita in illinois. >> caller: happy holidays, jim. >> same to you. >> caller: thank you. i have a millennial son who has a little of apple and a little bit of facebook. he wanted to know about microsoft and salesforce or netflix and comcast combo. it's something we do together. >> i'm glad you say millennial. a millennial person will be more interested in sales force. it's a very high growth company that doesn't pay a dividend. microsoft is a less growing company, but very good, that does pay a dividend. the younger person should be drawn to sales force. the older person should be drawn to microsoft because it has a little more capital appreciation and preservation. that's the way i want to split the difference. fo

some of the names hitting 52-week lows today, including tiffany, macy's, kansas city southern, baker hughes. >>> time now for our trader blitz. four trades on four stocks making news today. first up, lennar is selling despite beating estimates. jimmy? >> probably down just on the presumption that interest rates are going higher. look, this stock the whole year has been up and down from the mid-50s to the mid-40s just with the strength and he beiebbing o strength in the housing market. i think the housing market will pick up steam in 2016. it's not a bad name to be in. >> josh, carmax. >> yeah -- >> stock down 9%. >> because you could say that this is just a very temporary problem, not a long-term, and i wouldn't throw this name out just on a bad report. >> okay. mizuho begins coverage stock of under armour. >> a $95 target. stock is 8% under the 50 day moving average. that's a level it has to retake. it rallied $1 and then sold off. i think you do want to own this stock right around $80, $81 where it's trading now. >> steve weiss, garden raising the dividend and the outlook as well. >> they

either way baker hughes and halliburton are halted.ough to talk about tonight on "fast money," pile that on. >> we'll be talking the "star wars" premiere and in light of the shut down in los angeles, what increased security measures will be taking place across the theaters at the company. we'll have the ceo of imax. >> movies, cyber threats, oil deals, good luck. >>> all right, pandora's future is in the hands of three federal judges. they're scheduled to issue a ruling on the royalty rates music streamers like pandora to has to pay for the next five years. the stock has been hit big. let's bring in cnbc contributing john najarian. you and i talked about this earlier today. pandora is a hot option stock, but what is going on with the options activity right now with pandora? >> that's right. it's trading like a biotech stock right now. that's because the normal historical volatility in pandora is around 59%. which is high. but today's number is 360%. in other words this is through the roof, brian. a high historic implied volatility is h

also of note, mandy, next week because of the new year's holiday, baker hughes weekly rig counts will be released on thursday, new year's eve at the typical 1:00 p.m. eastern time. >> crude is moving to the upside again today, and, of course, it's flowing through to the energy sector which is one of the leading sectors in trade. nike also delivering with its latest earnings. profits soaring 20% and future orders surging as well. they're down by 2.5% today, but it is the best performing stock in the dow this year. sara eisen has more on what's been fueling nike. >> mandy, nike just did it again. a strong quarter and outlook. most impressive to wall street, futures orders, an indication of growth six months out, up 20% globally driven in part by 34% growth in china. on the outlook a few key events, the rio olympics in august and a big european soccer championship in june. jay sole, an analyst at morgan stanley, said they're key and do tend to be drivers of sales growth and catalyst for stock moves higher. one concern, nike forecasting gross margins to be down a bit next quarter as it de

with weekly jobless claims for the purchasing managers index and weekly inventory for oil and baker hughes. jo: it is a huge break. you will want to stay with us all week. coming up, one mississippi man went big after he gets off a plane in atlanta. we will tell you why. the famous times square ball drop will be a little brighter this year. we will bring you that story as well. checking your stock index futures right now we are seeing the dow just done about 50 points. right now nasdaq futures down 9.5. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ nicole: all right. let's keep that up in the global market actually been seen overnight after winning reach on wall street last week. only the nikkei is up half of a percent in the shanghai composite index down 2.5%. kospi down one and one third advancing down 1%. jo: and europe, boxing day in london. germany and france down as well. it backs down 25 points as well. nicole: all the major averages gained 2.5% last week but down aeros. dow futures down 55. s&p futures down 6.5 from a shortened trading week. jo:

we're keeping an eye on shares right now of baker hughes. the oil services company. right now what we're seeing is shares up by about 2%. they have been halted for down side market -- this after bloomberg headlines that said that u.s. regulators may be looking to be -- or may be unsatisfied with the current deal as it stands. halliburton is a pending deal -- bloomberg headlines crossing saying that the u.s. may not be satisfied with the current deal tazz starts. a decision on approving that they'll maybe push back to 2016. we did see a down side move here, but now those shares are up by about flat right now. back over to you, guys. >> dom chu. back with doug and vinnie of virtu financial. vinnie, back from the raek. i want to talk market structure with you. i think it's a topic that's near and dear to what we do at this network, and i know this viewers are interested in how the markets operate. the market opened down 1 sthous poishts off the out set. is there a problem with the way the current markets are structured, and if so, how do you fix it? >> i think. >> if yo

and has launched a legal action and baker hughes pushing higher by 1.2%.hares in prada sharply lower in hong kong at one point hitting a record low. this after they missed forecasts. the luxury italian retailer was also hurt by a stronger dollar in the united states. claudia is in milan with more details. what are the key takeaways here. >> yes, well, good morning, we are certainly seeing a slow down in china. there's no question that this is happening. sales did fall by 38% in the third quarter due to the slow down in china. but overall for the full year we are still seeing or actually for the first nine months we're still seeing prada in positive territory. they were up by 1.2% but this third quarter is putting in focus the luxury sector because it is also coming out as we are entering this very important quarter. so it will be interesting to see what happens in february since we hear out from the luxury operators including prada. as far as prada is concerned to face the slow down in terms of high cost it will be the slow down opening of stores. they hav

they will own that to baker hughes. that is 20% of the existing market cap. they might have an imbedded put in it. it is at 52-week low. >> and i think the airlines couldn't break out. even with oil as low as it is, they seem to have topped out. and if oil goes higher, they don't benefit. i would fade the airlines. >> from cheap gasoline to record warmth, the warm weather is having a chilling effect on the holiday sales, particularly at department stores and could spell trouble well in 2016. joining us to discuss this and more former saks executive steve sadove. it is good to see you. >> good to see you. >> and it is warm and the scarves are piling up and the markdown signs are up. how long does this hangover typically last. judging how warm the weather is up until this point in the holiday season. >> at this point we're in clearance mode on the warm -- on the cold weather goods. because it has to get out of the system and it is being marketed down very heavily. and it will happen. it will get good -- great prices for the consumer. and i think as we go out of

matt: i have been showing the baker hughes rig count. it fell off a cliff. u.s. production, because the rigs are just there to put wells in. total u.s. production is increasing here over the last five years, continuing to rise. in yellow, i have inventories bouncing around a little bit, but also at a real high-level, even as price comes down. continuedproduction to rise after the price at peak -- had peaked. the price just came down, and production kept going up. david: though there is a drop off. matt: it drops off a little, but compared to the last five years it is massive. david: one big change in the world economy is the u.s. became a net oil exporter. the u.s. dollar is forecasted to strengthen against all major peers except for the pound and canadian dollar in the first quarter of next year. sharplydiction differs with the current trajectory of the dollar, on the longest losing streak since april. the dollar has been coming down a little bit, oksana, but don't we expect the dollar to stay pretty strong? oksana: that seems to be a perfectly understandab

they're divesting assets to win antitrust approval for its akeover of baker hughes incorporated.people familiar with the matter. fetch as off could much as $5 billion in total for the oil fields service provider. will be watching this as it continues. .7%, guys.w up scarlet: i should point the out go from a the bid to finance company to industrial company to oil services company. analysts are looking at 2020, decade when it will shift into an oil company at the end of the day. much. thank you very we will be right back with more "bloomberg markets" after this. >> it is 2:00 p.m. in new york. to "bloomberg markets". ♪ >> from bloomberg's headquarters . here is what we are watching. reverse spinoff, the phrase of the day as yahoos latest plan to keep its alibaba stake and spin off its web business. dow chemical and dewpoint late stage merger talks, would create biggest transaction in chemicals industry. donald trump under fire for anti-muslim comments. what does the public think? let's head to the markets desk. ge is said to be in advanced talks for halliburton drilling assets. the

new field, baker hughes, eog, schlumberger. as david pointed out, this is the problem. low on the dollars and short commodities. >> let's get to rick santelli of the cme group in chicago. >> when the world goes computerized with the bulk of the trade, what they pay attention to aren't so much the traditional, fundamentals of the market but what goes on in the academic minds of central bankers and planners and news stories come out that are erroneous, this is what happens. what may be more interesting than the financial times saying, no change, five minutes before the decision was dubee the ecb, which created its own set of moves. the moves also was deficient in the eyes of many that expected more. it may give back a lot of what has happened. the fact that every single market moved exactly the same should cause many traders to have some pause. if you look at intraday charts, you will see what i'm talking about. let's look at the european two-yar. this is what happens when you sell off a fixed instrument in negative territory. look at the move after the decision. a dozen

baker hughes, southwestern energy, devon energy, all 52-week lows today. range resource, marathon oil, all 52-week lows here today. neil is back with more "coast to coast" in just a moment. neil: see something suspicious or outrageous, life-threatening outrageous on internet, one of your social sites whether facebook or twitter, what are you going to do? should you then go to the next level to report it? a former federal prosecutor and fred tecce on whether you should or not. going to be top cal issue, fred, because the argument seems to be obligation, if not you as user maybe the companies involved. what do you think? >> look, neil, i think as citizens of the united states we have a moral obligation. i think we have an ethical obligation. if you want to live in free society, you have an obligation to see something to say something but the law does not impose on you to say something. if i see some guy buying 30 propane tanks at walmart i need to say something but the law doesn't obligate me to do that. neil: when you register a site or big and influential

we have halliburton/baker hughes floating out there. that's been delayed to next year.gh year for m&a. disney up today after great numbers for the "star wars" franchise. up 16%. now it's flat. it was up nicely at the open. "star wars" did well. disney up 16% this year, guys. maybe nike did better, maybe home depot. at least for today, definitely disney's day. back to you. >> certainly at the box office, though as you pointed out, stock is -- has -- all the media stocks have traded off. >> thank you. the medias -- >> still up, but not up as much as ten minutes ago. >> the airlines are up, which makes sense. they'll have good quarters. it's important. they're not big cap capacity editions like i thought -- like some thought. should we go to someone else. >> let's go to washington, d.c. we have breaking news on the race for the white house. >> yeah, good morning. senator lindsey graham is suspending his campaign for the republican presidential nomination. he made the announcement in a youtube video directed to his supporters just a little while ago. in the video he says he

the baker hughes weekly rig count is coming out right now falling two. oil rigs down two. let's now talk about amazon.com. amazon has had a huge year this year. the stock has more than doubled in value, up 121%. amazon is a company now valued at $323 billion. wow. that's great for amazon shareholders and employees, but here is more macro question, is amazon becoming too big and simply too powerful in retail? bob pisani and retail reporter courtney reagan are with us, so is ron insana and kayla at the nyse. all of us were going back and forth on e-mail ahead of this segment. you say in 31 years of covering financial news, you have never seen a stock like amazon. explain. >> well, in the sense i've never seen a company like amazon where investors have been willing to give the firm the wide berth it has with respect to producing profitability. investors have been content with revenue growth, cash flow growth, massive reinvestment, but razor thin profit margins at best when they do report profits, and i guess the big idea here is that as amazon grows into this behemoth, ultima

stephanie: let's get to halliburton and baker hughes delaying the closing of the proposed $26 billionf april. they say they simply need to satisfy government concerns. halliburton says they will sell assets to avoid antitrust issues. is this a case where you are also saying the government should stay out? sam: there is a big difference between antitrust and day-to-day regulation. majorust is focused on a competitive decision that could affect the industry. pm making a career out of this one deal, and it is probably being dramatically impacted by the fact that the assets involved are becoming worth less every day. thisnk that is part of deal, too, but it is hard to negotiate with the government. i have been involved in many antitrust scenarios. sometimes the are reasonable and logical, and other times it just say, i do not get it. david: they also have to be getting jammed up. there are so many of these proposed mergers and they only have so many people to work on them. number three, brazil. brazil will start the new year with the they bills to pay. they go almost $38 million. borrowin

we're at $35.70 right when the baker hughes numbers came out, so we're not seeing any kind of a lift. one wonders if we continue to drop and it's the biggest drop in a while, if that will put a bid or a floor under the price of oil which then, guys, could put a bid and a floor perhaps under the price of some of these distressed junk bonds that we have been talking about, by the way, for a number of months on this program, so oil rigs down 21. no change yet in oil, but the biggest drop we have seen in a long time for the number of future drilling rigs. guys, back to you. >> you see the numbers there, 35. not moving down on that news very much, the price. >> not seeing anything. i was hoping, tyler, it might be enough to put a floor under the price, maybe even see oil -- force some of those shorts. remember, shorts in oil contracts are either at or near record highs. if we get some kind of a bullish number like this or whatever it might be, an export ban, maybe a lift, maybe we're going to see the shorts have to cover. jackie deangelis, of course, knows a lot more about this than i do.

we are watching for the baker hughes rig count number. it did come out and we saw another decline in rigs, down ten, to 545. these are oil rigs i'm talking about. the total is down to 1,030 from a year ago. we're down 13 in the last 14 weeks. we're still hovering around $40 a barrel. in the eia report on wednesday, production in the u.s. actually went up. it went up to 9.2 million barrels a day. until we see the rig count declines translate into production declines, we don't have a meeting of the minds. oil prices trading around $40. >> and let no one ever say, jackie, you can't count rigs as well as sully. >> thank you. >> just don't let anybody say that about you. thank you very much. treasury yields on the move following the jobs report this morning. how is the mortgage market reacting? diana olick is tracking it. hi, di. >> high tyler. the number was in line with expectations. the bigger move actually was yesterday when mortgage rates took their biggest leap in two years on a daily shade on news from the european central bank. the ave

stocks are falling, but i also charted the baker hughes rig count.ing chart over five years, it falls off a cliff and continues diving down, so this is what happens when opec produces more and more oil. part of the reason -- a lot of people will say it is a ploy to stop or hurt iran, but it's also an attempt to get u.s. producers to phase out. that is holding the price of wti and that is why brent has now converged with wti. a very interesting look at what's going on in the oil patch. thanks, buts 2015, let's look at 2016. when it comes to the fed, will be bowls or the bears when the day? mark gilbert is with us with -- from london. best --e: he rocks the the vest. that there defeats could be an upside, one of which the fed and the others like greece -- at the landmines and the grenades and the potential -- try to be optimistic and find some things next year that might turn out to be surprises. larry summers had for more reasons why the fed is mistaken in moving rates so early, but i was thinking if he landed from mars and all you knew was what gdp i