i'm bill griffith. >> i'm sarah eisen. >> welcome. >> thank you, bill. oil is down and just seems to be the way they're liking the trade today. >> classic turnaround tuesday. down yesterday, it's up today and vice versa. >> bill, they might not like this. u.s. banks, do they have too much exposure to american energy producers slammed by the plunging oil prices? some are now worrying that if those firms default on the loans it could be 2009 all over again. we'll take a closer look at that angle. >> what would that do to the yen? >> that is the key question. 1129.23, marching higher. thank you, bill. >> you're welcome. >>> what's the real story on retail? this is confusing so far. there seems to be no clear picture yet for this holiday season of shopping. we'll try to clear things up with that man. we'll speak exclusively with hsn president bill brand. what a perfect name for the marketing executive at hsn. new official name of what we have known for years as home shopping network. we'll find out what the sales were like and the plans for the future. >>> s

. >> yes, i'm bill griffith. wishing you a happy holiday. tyler mathison is off today. we did have a record breaking session on wall street. but just barely this time as the dow did edge to a fresh closing high. with the markets closing early ahead of the holiday, stocks faded into the close ending mixed and little change. here's how the major averages ended. this quiet dayen on the street. you see that the dow was up six points, was much stronger than that earlier. any positive close, though, good enough for a record high. it's the sixth strai we've seen for the dow. the nasdaq was up eight points when all said and done, but the s&p snapped a five-day winning stre, losing a fraction of a point on the close. in the widely followed energy markets, a rising u.s. dollar and a sizable jump in u.s. crude inventories sent oil prices lower today. unused u.s. stockpiles rose by 5 1/2 million barrels last week. when analysts had been expecting a decline in those inventories. and with domestic crude oil fell more than a dollar, closed at $ $55.84 a barre also down more than a buc

my partner bill griffith is here at cnbc headquarters with me. >> the major averages trading in a narrow range, light volume. you would expect this for the last trading week of the year. we have seen several new records. the s&p, the russell 2000 closed in a new high on friday. here is how we stand at the moment moment. the s&p is up a fraction. now $53.30. brent is back below $60 with conviction down 2.8% now or $1.66. that is taking a toll on blue chips. back to the new york stock exchange. bob pisani, happy monday. >> let's take a look at the s&p 500. we are lower as oil moved to the new lows. not that much lower. i think the market is holding up fairly well here. you see us off of our highs. s&p still positive. dow went negative a short while ago. we did see oil stocks move down. look at the exploration and production index. oil started moving south a little before noon when we started moving into negative territory. energy stocks mixed today. they all just move negative. positive a short while ago. trans ocean also lower. most of the group is in negative territory. broader implicati

this is earlier at the closing bell with kelly and bill griffith, take a look. >> we've only done this once before in our history. we welcome competition. we love it. it's not about momentum and taking market share rapidly and increasing the gross margins and the last thing is about invasion. if you don't protect your invasion, people will take it. we needed to send a message to the market we will protect our invasion. >> it's about pioneering innovation and protecting innovation. we've been given the lawsuit two days ago, they won't let me talk about it. they say lawsuits have a form of flattery. we will analyze it, look at it and defend our ip. >> you spoke december 9th and said we believe we can co-exist with who is the largest vender cisco. if this is the opposite of co-existence if they knock you out with an injunction. that doesn't sound like you can co-exist with your old team. >> the market is large enough that a good set of customers will still need traditional enterprise it and a good set of customers wants to go to the cloud architecture. we absolutely can co-exist, no one c

i'm bill griffith. >> i'm sarah eisen. >> welcome. >> thank you, bill.to be the way they're liking the trade today. >> classic turnaround tuesday. down yesterday, it's up today and vice versa. >> bill, they might not like this. u.s. banks, do they have too much exposure to american energy producers slammed by the plunging oil prices? some are now worrying that if those firms default on the loans it could be 2009 all over again. we'll take a closer look at that angle. >> what would that do to the yen? >> that is the key question. 1129.23, marching higher. thank you, bill. >> you're welcome. >>> what's the real story on retail? this

. >> for the past ten years, bill griffith has been curator at william faulkner's estate. >> he added> faulkner thought this was his masterpiece. >> jack pendarvis is the author of "your body is changing," "the mysterious secret of the valuable treasure," and "awesome" as well as a staff writer for the game-changing animated series "adventure time," all works of which i am a huge fan. he wrote right on the wall? >> he just wrote on it. >> it's his man-cave. >> it's his version. he said that houses in mississippi who have a family business have one room dedicated to the family business and this family's business is writing. >> from as early as 1919 through the early '60s, faulkner wrote extensively about the post-civil war south. he was the first author to do so, at a time when most writers were writing about anything but. >> he always said that he wrote about a south torn between itself, torn between the old ways, the old traditional ways and modern development. he said he was going to break the antebellum code. >> right. >> and he did. he did. >> but? >> he did. and yet, he had those

i'm bill griffith long with susan lee. >> so happy to be here. forget about the post holiday sales just four days left to trade 20i7b 14. today we are looking for bargains in the stock market. and the santa claus rally doesn't happen before december 25. it comes after. will it happen this year? >> meanwhile, how was the shopping season? new numbers are coming in. in about five minutes we have all of them for you. it

. >> bill griffith, wishing i was there with you.ghtly business tonight. six straight days of rally. >> and the rally continues. the dow is up 54 and again this is a shortened trading session. so

i'm scott wapner in for bill griffith.ld's and caterpillar all getting beaten down today. we're going to get into the reasons why and why those could signal bigger worries than for just those three names. >> which is better long term, stocks or homes? some of the best money minds in the world debating this one right now. we'll find out what they said and which one, scott, might be the better investment. >> ti

. >> i'm bill griffith. what a day this is in many regards. a bumpy day for the equity markets.se it was a shopping start to the holiday subpoenaing season

i'm bill griffith long with susan lee. >> so happy to be here. forget about the post holiday sales just four days left to trade 20i7b 14. today we are looking for bargains in the stock market. and the santa claus rally doesn't happen before december 25. it comes after. will it happen this year? >> meanwhile, how was the shopping season? new numbers are coming in. in about five minutes we have all of them for you. wait until you hear what you were buying on amazon. >>> what about natural gas. oil really dropping in the last six months. how do you play energy? >> i love buying gasoline at the gas station these days. the top story of the hour the stock market, prices are on the rise right now. >> let's take a look at the board. the dow right now we looking at gains. the nasdaq, as well. the s&p headed for the 52nd record close of the year. >> the russell 2000 is back again. record highs, as well. let's get to mary dobson. >> the santa claus rally is underway. we are not seeing a lot of red here on wall street. if the rally happens, of course, that i

. >> i'm bill griffith. day three of this selloff.00 last week. >> just friday. >> we have not looked back since that time. down sharply for the dow, the s&p at one-month lows for both of those averages. the price of oil has come precariously close to $59 on wti. that's a five-year low

. >> i'm bill griffith. any gain for the dow jones industrial average is another new all-time high.o for the s&p although virtually there

. >> i'm bill griffith. any gain for the dow jones industrial average is another new all-time high. not so for the s&p although virtually there now. 2072 and change for a new all-time high. the nasdaq continues to march ever higher today up about 17 points right now. we're just about 5% now away from nasdaq 5000. >> 5%? >> yeah, right? but think about how long it's been. march of 2000 when it hit that mark and signaled the top of the internet bubble all those years ago and not close to that level since that time. and we're wondering getting closer whether this number is making some investors nervous now. >> hmm. >> thinking that's the completion of this bull move. right? >> we'll debate it. >>> we have a pair of heavy hitting ceos ahead. joseph swedish as they change from wellpoint effective here and here to ring the closing bell and changing the ticker symbol and talking obamacare impact. plus international paper's new ceo mark sutton in his first interview since taking the reins ago. so a lot to talk to them about. and again, more to get to ask, to see what they got out of this me

. >> bill griffith, wishing i was there with you. i'm at cnbc headquarters getting ready to do the nightly business tonight. six straight days of rally. >> and the rally continues. the dow is up 54 and again this is a shortened trading session. so you are seeing us because we do van hour heft o go in the session. looking to see if we can continue this run that's making front pages. the s&p adding record territory again. and same for dow. nasdaq up 17 points for his part but we're note braking out the nasdaq 5,000 hats just yet. >> but they are being made for that day it comes. and yes it is finally hitting newspapers. let's talk about the closing bell exchange. rick santelli and others join us. good to see you all. pat powell we are just joking here. i said we got 18,000. can we do 19,000 by new year's eve. are we at the point where we're expecting this just to continue? is there complacency? >> there is always at year end. year end you always have the things that are in motion stay in motion. there is window dressing. tax loss selli

. >> i'm bill griffith. day three of this selloff. we came close to dow 18,000 last week. >> just friday. >> we have not looked back since that time. down sharply for the dow, the s&p at one-month lows for both of those averages. the price of oil has come precariously close to $59 on wti. that's a five-year low looking at right now. >> and there are parts of this country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. a stunning decline here. i use the word stunning because this is not a financial crisis. this is not a recession at least in this country. this is a situation where contributing factors have pushed the oil price out. everybody's jumping ship. look at the traders. the funds. for moving out of the space. i'm sure a lot of big institutions will be next. >> that's a good point. i think traders consider it a repricing. they are repricing right now. >> what's so extraordinary about this, again, tells you ho

. >> i'm bill griffith. what a day this is in many regards. a bumpy day for the equity markets. is that because it was a shopping start to the holiday subpoenaing season? everyone seems to agree sales were, in fact, off to some degree. the real question is, why? is black friday dead as an entity in the holiday shopping season? we'll get into that and more. we did all those stories leading up to black friday suggesting that it was losing its cache. in fact, that -- >> it's goneful left the building just like elvis and hearing from tony hsieh. now starting to open up brick and mortar stores in vegas and a pop-up store open 24/7. almost a showroom. perhaps a glimpse into the future of retail and where he'll be coming to us from and a realtime view on zappos sales there and online. >> we are getting indications cyber monday is strong. not just zappos but among other online retailers, sales very, very good today. now about oil. you think it's going to be lower because of opec. >> speaking of black friday. >> it's going the other direction today. what a bounce up more than 4% on wti c

i'm scott wapner in for bill griffith. chevron, exxonmobil, mcdonald's and caterpillar all getting beaten down today. we're going to get into the reasons why and why those could signal bigger worries than for just those three names. >> which is better long term, stocks or homes? some of the best money minds in the world debating this one right now. we'll find out what they said and which one, scott, might be the better investment. >> tis the season to steal stuff from work? this is the time of year that businesses are at their greatest risk for losses, not just from shoplifters but employees. our kate rogers has a special report. >> but let's begin with markets right now. an hour to go and we are seeing significant pressure on stocks. the dow's off 102. well off the lows of 150 from the last hour or so of the session. still as mentioned, a lot of pressure in the energy complex. crude today closing at a five-year low. and look at some of the names taking it on the chin in response. you have a denberry off 10%. the equity no

bill. julia, that is wonderful. where did you find it? right out of your disappeared he never bothered her again. griffithsd of julia knew how toshe exercise power better than any woman she had seen in any legislature, and that is high praise. so, here we have a campaign iffiths who martha gr was one of the influential women members from the 1950's into the 1970's. she represented a michigan district for it and like some of the earlier women, like julia hansen, she has got a lot of experience. she is a lawyer, she serves as a judge in michigan. and she is elected to the house in 1954 and she comes in in 1955. quickly movesvery into positions of influence purchase the first woman after a number of women in congress had campaigned with the speaker to get a seat on the very exclusive ways and means committee, the tax committee. and from that position, she really weighs in on a lot of the issues affecting women monetarily, but she is probably best known as the mother of the equal rights amendment. every year, she reentered used -- she reintroduce the equal rights amendment which has a history in congress going

bill. julia, that's just wonderful. wherever did you find it? right out of your district, mr. chairman. and he never bothered her again. martha griffiths, who was a power in her own right, said of julia hansen that she knew how to exercise power better than any woman who she had seen in any legislature and coming from martha griffiths, that's high praise. so, here we have a campaign postcard of martha griffiths who was one of the influential women members from the 1950s into the 1970s, she represented a michigan district and like some of the earlier women here, like julia butler hansen, she has got a lot of experience before she ever comes to congress. she is lawyer. she serves as a judge in michigan. and she is like the to the house in 1954. she comes in in 1955. and she, too, very quickly moves into positions of influence. she is the first woman after a number of women in congress had campaigned with the speaker, to get a seat on the very exclusive ways and means committee, the tax committee. and from that position, she really weighs in on a lot of issues affecting women monette tearily. every year, she reintroduced the equal rights

sense that i took care of their cashs and make sure they earn the bills to take care of their personal needs. >> in the book, david griffithsg the artist from the suit. was it hard to be friends with these guys and being their manager at the same time? >> the thing about it, you work in an atmosphere where it is a community. i was working behind the desk in new york booking days with promoters. it was the community. you work with everybody. i mean it was just not on the phone with businessmen, you know. it was a great experience. it is a learning experience to work within the great them. it is really a scene. it is not at all being in the real business world. >> i have not been. got to see the show after all these years. yeah, he was one of the guys that went to egypt with me and helped me put that trip together. >> a lot of fun times. a lot of fun time force me, i bought my last three shows in '95. >> did you get in the jerry's garcia band? >> i did. i got in here in oakland. and i got that sense that he liked playing in that band. >> yeah, when i started working with him in the jerry's band. those couple of years with sau