chief officer at bessemer trust. we get to the job report but something we have not mentioned just yet. the fact that the dollar hasn't been this strong in eight years. dollar index, 8 year high. the yen, 2.5 year high against the euro. what do you think about that and does it worry you at all? >> it doesn't worry me yet. right now, i think the dollar is a good thing. it's hard to believe this, but just in 2011, the dollar, if you look at it against the basket of other currencies was the weakest it had ever been since it floated in the 1970s. we were really cheap currency on a global basis. now we're getting closer to long-term averages but the dollar is still cheap. it can still keep rising. right now, this is great news. it helps the purchasing power for u.s. consumers. it helps keep a lid on inflation in america. the fed can move more slowly and that's good for stock markets. right now it's great. i think if i look out a year or year and a half if it continues, especially if it continues quickly against a lot of c

reporter: calling saturday the worst day the 13 year-old son would ride on facebook is horrible bessemer is shot dead just for being a police officer ever once is a hate cops with their the people they call for help. everyday scene with his son this unbelievable >> reporter: even as people gathered for vision of they scrutinize the man who killed him on saturday he had a long criminal record police said his estranged mother expressed fear of him saying he may have had and diagnose mental issues investigators are looking into what he wrought also submitted including references to michael brown and eric impose like one made before saturday's killing of four wings on pace to that they took one of our is listed two of theirs. in the wake of his support for recent protest against police officers turned their backs to him saturday rose to one of the victims call for reflection after the chat the death of her nephew. we need to move forward and five and a chemical past for the coexistence. >> james: will continue to follow the latest developments on the story will continue of this for a web sit

as stocks start to trade, i want to bring in the investment strategist at bessemer trust. u.s.stocks and the economy heading into the new year. what do you make of this survey? it's a mixed outlook among ceos. is that a bit of a warning to you? >> not necessarily come i think it jobs with what we are seeing. the u.s. economy is not perfect and if you look at the labor market, it has not completely healed. the right moving in direction and the high-frequency economic data points in the u.s. are moving in the right direction. i think we will get some decent job numbers out this friday. you mentioned the oil prices and how gasoline prices remain relatively low. that is a really good thing heading into spending season for the holidays. >> on the oil prices, is there a particular price you are looking at to say this is a sweet spot? do you expect opec to have a production cut and prices will go back up? >> it's a matter of time until there is a production cut and prices go up. these prices are unsustainably low. we really look at oil prices as attacks on economic growth. the higher