brent getting crushed once again.fic nowck with caroline hyde. >> looking at oil but also the m&a this morning. we are actually seeing a few stocks on the rise. top of the leaderboard, balfour beatty. not often that you see balfour beatty winning, but it is only up because we are selling some assets. it could be one billion pounds itsash, uploading public-private partnerships. tocould be selling that over john lang infrastructure fund. 5%.while, altus up again, it is m&a driving it higher. this time it is the buyer. why the shares going up? people like the idea that it is eyeing up other assets in portugal. they did by sfr's unit earlier. time, smaller amount, 7 ,illion euros, just in excess putting it ahead of a rival bid from bain. we could clt's expanding in europe and investors seem to like it. majorsdownside, the oil are all falling. the worst performer is tullow oil. we are seeing prices down once again. worries that opec not doing anything in terms of production, we are going to keep on seeing that a lot. on th

for maria and jesse, i'm brent musburger.s vegas, nevada. >>> saturday night i'm walter perez. city of wilmington marks a grim milestone. plus a a protest interrupting holiday shopping at king of prussia mall and we are live with the latest. >>> we will begin with breaking news from new york city where two police officers were executed while sitting inside of their patrol car. officials say officers were ambush. sus publishing then shot and killed himself. this is scene in brooklyn new york where hundreds of officers are swarming the scene trying to piece together, exactly what happened in this tragedy. it happened at 3:00. they were in their a mark vehicle when suspect whose name is not yet men walk up a and fired several shots in the car. that man then ran into the subway station, where he shot himself in the head. the streets were shut down, and residents are being kept inside. >> thinks unacceptable behavior of anybody, to go and shoot innocent police officers who were in their vehicle and ambush them and take their live

surely $70 brent is better than $150 brent. >> it is an issue of time lag. lower oil prices throw up all sorts of difficulties. 15% of u.s. high-yield debt is predicated on an outlook for a much higher oil price. there is going to be a lot of pain in that area. a lot of the buying is done by countries that export oil. they are not going to have as much money. therefore, less growth. lower oil prices mean less inflation. i think that is good news. much better for growth trends. however, are unrealistic in assuming the oil price we came from was fair and reasonable. i think we have a couple of years at this price. we have about 90 million barrels a day being consumed. about 30 coming from opec, of which saudi is around 10. the u.s. has increased production to around five. we have considerable tensions in the middle east and north africa . only about 2 million barrels a day. this premise that the oil price is now stable is, i think, inappropriate. >> how does mario draghi juggle this one today? does he worry about inflation expectations? >> i think mr. draghi w

david: brent, let me talk about oil prices this is really ironic. today there seemed to be divergence between oil which went down 4%, the price of oil and oil stocks. i'm talking about old-style oil stocks like halliburton, schlumberger. stocks that may not be directly on every bit of work they do related to oil. but they have maintained their value. you think maybe halliburton has been beaten down as a stock long enough and hard enough, so now is the time to buy? >> really is. again halliburton which trades at 9.8 times earnings. reflect whack on utilities thing. they're trading at 16, 17 times forward earnings for utilities companies. when rates go up they will go down. stay away from high valuation stocks. david: we have a fight here. >> definitely. i'm ready to battle. >> then take it, lance. do you think that, i tend to agree with brent on that, especially jeff saut, keep referencing him, he said stay away from utilities even though they have been such a winner this year? >> i have to agree when interest rates begin to go up then there will be

you know, let me start with you, brent. you know, as you look back on the past 10 or 15 years, what sets this period apart in your mind in terms of the function of this apparatus in u.s. national security? >> well, thank you. thank you for that introduction, especially saying i'm on the far left. [laughter] i like that. of course, from your perspective, i'm on the far right. [laughter] so as you will. i think it's useful to go back when we're talking about different nscs, to go back to the beginning in 1947 and what was, what did they think they were fixing in 1947. it wasn't just that the president was going off in all directions. but there was no function of government that brought together national security. the basic elements of national security, state department, defense department, intelligence were in the government. but they were all separate, and there was nobody who brought them all together. so the original law was designed to bring together these so that the president could look at national security, not at def

next is brent turner. >> hello supervisors. my name is brent turner. kim unfortunately because of the weather couldn't make it today so i have a statement after my statement. again i will brent turner and chair the election committee for the san mateo democratic party and chair the state of california democratic party disabilities committee on elections, and i i'm the secretary for the california association of voting officials. cabo is dedicated to providing the election administration community with election options and advocate transparency via publicly owned software and reduction of costs with the hardware. today is a special day not only in san francisco because of this proceeding but globally as well. the annual observation of the day of disabled persons was proclaimed in 1982 by the united nations generallabley and aims to promote disability issues and increase awareness of gains derived from the integration of persons with disabilities in every aspect of political, cultural and social life. we are supported by several different groups, the nat

brent did touch 65.29. nonetheless, bouncing back, we'll see what that means for u.s. -- >> and what it means for energy stockses. the s&p 500 yesterday losing about 4%. >> indeed. that's all that we've got time for on today's show. >> i'm carolin roth. >> i'm seema mody. "squawk box" is up next. >>> good morning. investors slamming the brakes on tesla. shares of the carmaker on their worst seven-day slump ever, down 14% over that period. >>> another day, another adventure at amazon. the e-commerce giant sends bike messengers for one-hour delivery in new york city. >>> meantime, the company is launching a function that let's you haggle over costs. tuesday, december 9th, 2014, and "squawk box" begins right now. >>> good morning, everyone. i'm becky quick along with joe kernen and andrew ross sorkin. stocks down sharply with china's benchmark index dropping as much as 6% in the final hour of trading. shares there had been trading at more than three-year highs. among the reasons cited for today's sell-off, a d

brent trading lower, wti trading lower. wti still below $60 a barrel. brent at $63.a year for brent and wti. here are some of the most important events we will be watching in the week ahead. the japanese election on sunday, the fomc meets on tuesday, and the first round of the greek elections on the 17th. plenty to discuss. ♪ >> a barrel below 60. the international energy agency releases its outlook. we are about to talk to mark mobius to get his take. that is an exclusive interview. >> uber speed bumps. the mobile app faces yet another challenge today in france. >> yep. >> we will talk to the head of the company in europe. >> gucci top executives will step down as kering looks to revive growth.

brent, somewhere around $59.here, we've got -- in fact, brent 59.35 and nymex trading lower by 2.8%, right around 54 and change at the moment. so, seema, we continue to see these oil moves taking center stage. >> yeah the and, of course, the big question, will the fed comment on the partnership tuesday drop in oil? they're beginning their final meeting of the year. the decision is expected wednesday. the fed is likely expected to drop its pledge to hold rates low for a considerable time. it's facing that with a softer verbal commitment. >>> bill gross thinks the fed may not raise rates next year due to the threat of disinflation. in his first interview since leaving pimco back in september, gross says u.s. gdp will likely stay at 3% for another quarter or so before falling to 2%. he attributes to decline to oil prices. >> oil determines currency movements. currency movements determine the spread markets, risk markets, high yield markets, the potential for bankruptcy or solvency not only with companies, but countr

secretary of state james baker and national security adviser brent scowroft talk about the fall of the berlin wall. this this event was hosted by the bush school of government and public service in college station, texas. >> welcome to all of you for this dialogue. we've done this sort of thing before. i will ask you questions and you will say whatever you darn well please. president and mrs. bush, mrs. baker, we're very honored to have you here as we commemorate the historic 25th anniversary of the fall of the wall and the liberation of eastern europe. let me start with a broad question. when did you feel certain that the wall would fall even if you didn't know when? what was that moment when you were sure? >> i'm not sure i could pinpoint a moment, ryan. i mean, as far as i was concerned, it came as somewhat of a surprise that it happened so quickly. we did know that things were moving in that direction. a lot of east germans were going to hungary and then hungary was letting them go through to austria. so the wall had in effect been circumvented, not breached, perhaps. it looks like

where do we go from here with ice brent down 1% and west texas intermediate down 2.5%? is this the bottom? let's find out. joining us jeff grossman, president of brg brokerage. you predicted correctly on our program last week or the week before that you thought oil had more to go to the down side. there are people down here starting to talk about a bottoming formation in oil. do you see that or not? >> i have to say it the way it looks right now that mid 55 which is a little bit of a surprise to me seems to be something that we can pretty much hope will hold for a while. as far as rally ability it is getting tougher and tougher this market to hold any sort of rally. that is the thing that is a little concerning. i think if nothing else this market will need help somewhere from either a weaker dollar, stronger stock market, maybe even some cold weather to give it legs on the upside. >> what do you think major influence will be? is it the weather? last time you thought weather was the major force. is it still the major force? >> for the next six to eight weeks you have to

let's look at the prices on brent. brent at 62.05 down another $1.63 today.that is 2.5%. 9.99% for a week. there is the brent for january as you see it stands at 62.06. here are the ten s&p sectors behind me. do you see green there? take a close look. i see no green. these are all red numbers with discretionary down a good bit. the big loser here materials, look how much they are down today. that is better than 2%. sue is at the new york stock exchange. >> it is a tough day down here. here is a chart that they saved for me. it is the transportation average down about 38 points or so but not as much as you might think given the drop in the dow. in the last month the transports are down 2.4%. the ten year closing in on 2%. a lot of traders talking about the fact that it might crack the 2% market. bertha coombs is following carnage at the nasdaq. bob pisani is with me at the floor. >> high yield to the down side. we are seeing weakness on the global growth story parallel to the decline in oil there has been a separate story of weak global growth. the sectors for

i like brent's notion of making the national security staff smaller.but perhaps even more important than that, to achieve the big objective of strategic planning, even if there is no such entity right now the best i is unique and national security adviser to help you set that is a priority, not the management of the thousand problems going on every day. in a way, brents idea of making the nsc smaller, would help, which is shed the stuff that is an absolutely critical to the presidency into the country and just trust the defense department and state department. it probably won't do a whole lot better with the white house 10% intervention. let them handle those things. due with the important stuff. these two guys did that. the national security advisors with whom i worked at that very effectively and steve hadley. for the obama administration, i tremble to give advice because having been there, i know how difficult the situation is in people on the outside are always giving advice. it is usually at best useless. [laughter] but i will hazard a couple of t

matthew riordan, merlin maertz, mike clark, peter chen, simeon duncombe, victor huang, david farmer, brent burge, jason baker and matt lappin. ( cheers and applause ) i speak for everyone here at the report when i say, holy captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org

they're not disposed to come to our help. >> i agree with what brent just said. and, you know, in that first gulf war, one of our strongest allies and biggest contributors was turkey. turkey had been a 60-year ally of the united states and a nato member. one of the nirngss we asked them to do was cut off the oil pipeline from iraq through turkey. that cost turkey tremendously economically, but he did it. and so my solution for what it's worth as far as the question i posed earlier about ground troops is why don't we really make an effort to see if we can't convince the turks, okay? the turks don't like isis. no country they know wants to abide a continuing isis presence. and the turks don't like assad. but our president has said assad must go, and we're engaged in a war with isis. why don't in their conversion of interest there, we go see the turks and we say, okay, we'll supply the logistics and the intelligence and the air and you supply the troops and we'll give you that buffer zone, which is what he wants in syria. i mean, that to me is -- might solve the pro

they're not disposed to come to our help. >> i agree with what brent just said. and you know in that first gulf war, one of the strongest allies and biggest contributors was president ozal of turkey. turkey has been a 60-year ally of the united states and a nato member. one of the first things they do was cut off the oil pipeline from iraq through turkey. that cost turkey tremendously economically, but he did it. my solution for what it's worth is, why don't we really make an effort to see if we can convince the turks, ok? the turks don't like isis. no country i know wants to abide a continuing isis presence. the turks don't like assad. why don't we say we'll supply the logistics and the intelligence in the air and you supply the troops and we'll give you your butter zone, which is what he wants in syria? i mean that, to me, might solve this problem. i don't know any other regions that will do it. i don't support the idea of men and women on the ground in iraq and syria. >> i agree. one problem is the kurds, several different kinds of kurds. and the kinds of kurd

brent mcdonald, come on up. >> good afternoon, committee. my name is brent mcdonald, the architect for miss kristina baker. i am here to answer any questions, but i think nick explained everything. >> thank you very much. is there any additional public comment on item no. 1? please come forward, if you have public comment? >> good afternoon. thank you. [speaker not understood] the land use -- of the city plan progress step-by-step -- such a match of this trend because i must say of all people -- it's making it better. [speaker not understood] >> is there any additional public comment on item no. 1? seeing none, public comment is closed. [ gavel ] >> colleagues, could i have a motion to forward item no. 1 to the full board of supervisors with positive recommendation? >> second. >> without objection, that will be the order. madame clerk, could you please call item no. 2. >> a hearing on the transbay transit center and downtown extension platform compatibility. >> thank you, supervisor kim is the author and i would like to add my name as co-spo

brent down 2.3% on the day. a fresh low since may 2009.e thought the recent slide was over, perhaps it has just started up again. maybe on low volume today, but nonetheless, declining significantly more. joining us now, jason gannah. jason, let's tick off some of the reasons for the decline. over the last couple of months, since that november opec meeting, we've been focusing on supply issues. but you also think demand has been a big factor. >> absolutery, it has. and we've had the weakest demand growth since the reception largely due to china's economy shifting from an investment driven to consumer driven economy. europe's demand has been incredibly weak. i wouldn't sell short the supply situation, though. this is the highest nonopec supply growth that we've seen in 2014. >> on the supply side, there's been the u.s. gain in production. we did hear overnight that the u.s. is going to free up a little bit more for exports. does that change things at the margin or not significantly? >> i think it actually, on the margin, is a more bearish ou

brent and president fewer. >> (speaking foreign language.) >> and i wanted to thank mr. brent and president fewer for visiting our school at the mission center hedge fund percent of the apartment belong to the elect we're learning about rights and advocate for our children. >> (speaking foreign language.) >> our school is very important to us because it makes us feel safe and the first time that our children can feel safe in a stable environment. >> (speaking foreign language.) >> and we realize this school is the first step to so our children can perform in school can learn new skills they're to help them and give them a foundation so they're ready to live in the new system and the new schools they'll have to move into in the future especially so they can leave behind our stressful past. >> (speaking foreign language.) >> and so is he, reach the ultimate goal that every parent want for their children they can attend college so they can be good people that contribute to society. >> (speaking foreign language.) >> because our children regardless of our immigration status

let's check out brent crude since the beginning of 2014.pretty clear what has been happening since the middle of the year. today falling to $68 a barrel. that's the last three trading days. caplast three trading days production unchanged. oil has fallen over 12%. in november oil declined by 18%. the biggest monthly fall since october, 2000 and eight. -- 2008. that was a nine-month high. brent has sunk from there to there, 40% decline. the lowest level since october, 2007. oil is down by 38%. the worst year since 2000 and eight. -- 2008. don't forget what happened then. oil peaked on september 30. three months later it was at $36 20. and howws you how fast far oil can go in a short time. off with whatsh happened in the 1980's. by a crash was brought on saudi led decision to defend its market share. does that sound familiar? 1980's fell as low as $12 a barrel. it's the question everyone is asking. how low can oil go? opinionully there is an maker in the room to help us. the senior economic advisor at ubs group joins us. you have had the treat

brent is dropping. the central bank of russia must be looking at that chart this morning shaking their head. russia ande pain for the big exporters of oil? how much of a good thing is that for the rest of the world? >> it's good for importers and bad for exporters. although we don't spend too much forecasting oil prices, are best boxs is we are towards the -- our best guess is we are towards the bottom of a spike. and has to do with supply not really demand. we have had some weakened demand. best guess we the can have of a pattern of what the price will do. if that is what happens, it's not a bad time to begin looking at some of those stocks, which have been hit so badly, but i think you want to start with ent rather than service names, because service names will get an impact later on, which i think is nearly inevitable. >> we're going to talk more stocks specific after the break. here is a look at a couple of stocks on the move. rbs and lloyds. the banks pass the stress test rarely. up.see rbs and llo

guess how much brent crude has fallen this year? 42%.erally moved in tandem in the bank of russia seems powerless to stop the fall through raising the cost of borrowing. that much is clear as long as the price of crude keeps falling. the central bank has a tricky situation on its hands and it is running out of options to stabilize the ruble without inflicting deeper damage to the economy. on once i do want to stabilize the currency but on the other side of the scale of rate increases required to do that would further strangle the economy on the verge of recession -- it is a real dilemma for the central bank and russia, investors await the next move. >> the political race in japan is entering the last lap ahead of sunday's election. sherry and reports on how it will work. the next lower house will have four hundred 75 lawmakers and prime minister shinzo abe once a majority to push new legislation -- legislation through. what he really needs is a two thirds majority, at least 317 seats to ensure he has enough support for his policies. how

brent has not been this low since 2009.cut its forecast for the amount of crude oil it would have to supply to meet world demand after the lowest in 12 years. opec figures now it will have to supply $28.9 billion -- barrels per day, below the target that they affirm that their last meeting in vienna. this is a serious existential problem for many of their members. 10 out of the 12 need oil prices higher to meet their budgetary forecasts. and qatar can survive long term with the oil price is $65. we will be back in a moment talking about home construction. ♪ let's live, from bloomberg headquarters in new york, this is -- >> live, from bloomberg headquarters in new york, this is "market makers." >> stephanie is on assignment this week, bill: has ably taken her place thus far. helping me out, bill, he is a contributing editor and also the author of "the price of silence," but you have also written books about their sterns and goldman sachs. >> good to be here. >> great to have you here. talk about- time to the housing recovery

the president and brent and i with them because we thought they were genuine reformers. we were ned out, correct. and but by working with them and ot sticking it in their eye when the wall came down at other to go we were able forward with german unification with the consent of the soviet or with acquiescence of and the the ion acquiescence of the united kingdom and france. one of those countries were ecstatic about the idea of german unification. if we didn't move when we did, we couldn't have achieved that way we did. >> right after the wall came down, gorbechev's attitude dramatically. he had been on our side because parastroika cing and glaznos. he wasn't trying to redemocratize but he was trying some sense of discipline and work ethic. so he was encouraging what was going on in eastern europe until wall came down. diplomacy of the process. ou touched on the reservations that mitch had, thatcher had, gorbechev had. you handle those? leader of ays been a the alliance. we were able to bring both france and the united kingdom over. touchest nut was the soviet union. wit

. >> european stoxx 600 higher despite brent and wti slipping following yesterday's bounce. >> the imf raises its growth forecast due to the weaker oil price, this as u.s. dudley tells cnbc america would be better off if a rate hike is reasonable. >> we're being very clear in terms of what we're communicating. >> the ruble recovers from its biggest daily loss in 16 years, but russia's woes claim another victim. shares in italy's saipem plummet. >>> china has its biggest daily rise in over a year with banks and grocery stocks leading the way. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> brent and wti are currently trading lower after bouncing back during the u.s. session yesterday. they are up today, up 0.66% and 0.23% respectively. wti crawled back around 5% of recent losses to move back above $65 a barrel. >>> some oil drillers have responded to operations by putting their operations on hold. operators around the globe are looking at stacking their rigs, meaning making them temporary idle. the 3406 is aimed at lowering costs

brent crude hitting new lows this morning. jobless claims up to 298.ll major indices solidly in the green. nasdaq up 14.4. russell up about four. we'll talk about sort of the annual performers. the best s&p stock, southwest airlines. worst s&p, transocean. ibm has the dubious distinction of being the worst dow component two years running. that's not happened since 1995 when it was bethlehem steel, believe it or not. >> i guess the other ones on the dow are the oil companies? >> chevron, ge exxon, and verizon. >> was a gainer but it did sort of one of the worst. utilities had a strong year. hard to believe. that group up almost 30%. who would have expected those slow-growing, boring utility names to be among the best? we'll be watching that today. in yesterday's session, they were actually the worst performers down 2%. i'm going to also be watching gold, which had a pretty good day yesterday, contrary to its flat year and down 30% almost last year. >> i think the utilities is really interesting. for the big surprise this year is what happened to interes

>> brent. >> where do you live, brent? >> fifth and pine. >> and who is this?turn mario over to that camera right there. >> i guess mario can top with his mouth? >> as long as he doesn't eat the chocolate. >> hold this microphone for me. i did not realize this was a dog coming in today. i probably should ask questions on twitter with i invite people in. good to see you. >> good to see you. >> is he like a rescue dog? >> yes,'s rescue from paw's. >> awe! >> look at his little under bite. >> we do have another guest. >> what's going on here? >> no wonder poor brent didn't know what the hell was going on. talk to you in a bit. that's for fox fursday. for the love of god. hi, what's your name? >> my name is savira. merry christmas. >> merry christmas to you. >> i love your hair. >> thank you. >> where do you live? >> i live in bucks county. >> oh, well, nice to have you here. thanks for coming all this way. >> you watch the show, do you, every now and then? >> yes. >> thank you. >> we love that. >> what's today, the 11th? >> the 11th. >> now, you watch this on tv.

wti and $66.76 just under $67ed for brent crude.re saying while they did see some technical buying today, and certainly they're in this mode of buying on the dip, they think down side pressure exists. so another $8 on wti really not that far away. we could potentially see it by january. as a matter of fact, jim's trade on the down side for crude oil, he has a target of $61.50. 10 on so once we start breaking through the levels, that's when the selling pressure really starts to mount and that's when momentum takes us lower. but again a lot of volatility and traders are expecting that to continue. back to you. >>> well, they have been winners for week. but the airlines stocks are hitting some excuse us major turbulence in the markets. time to buy or time to fly? >> excuse brian. well, stocks staging a bit of a comeback thanks in part to a big tech turn around. we'll all over the market. nasdaq up by 7 points. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female annou

a halving of the brent crude price. >> and $14 billion saved in the u.s. economy. sizable chunk of money. >> a lot of extra cash for a lot of people. they can go out and spend that money on other things. >> and it helps the economy, no doubt. thank you very much. stay tuned to france 24. let's take a quick look at what is making headlines on the internet. ♪ >> welcome to the web news. the stories making the online headlines. coming up on today's show, responding to the fall of the ruble with satire and jokes. an online campaign to help a homeless man in the u.s. and a behind-the-scenes look at an animated movie. falling oil prices have seen the russian ruble lose about half its value against the dollar over the past few weeks, plunging russia's economy into recession -- recession and raising the cost of living. it has become a popular topic online with russians coming up with imaginative ways to overcome the gloom. many have taken to social networks to respond to that follow their currency with irony and humor. these poke fun at russian coins and notes that are wor

fires in libya at a storage tank vent brent crude -- sent brent crude higher earlier but now it is down. after 27as is higher month low. forecasters saying outbreak of cold weather . demand for the fuel. -- will stoke demand for the fuel. airlines flight probably crashed into the water. the pilot did ask for permission to climb to do bad weather, but they did not send distress signals in comparison with the malaysian flight that disappeared in march. startedic burger chain by denny meyer has filed for an ipo. since its beginnings as a kiosk in manhattan park, shake shack has been grown all the way to divide. will offer stock on the new york stock exchange under the symbol s h a.k.a.. --shak. icon disclosed a stake in -- carl icahn disclosed a stake in the security company and is more ittalks for appropriate. stay with us for a three-hour special edition of "street smart." they will talk about the dramatic rise in the company's stock beginning at 2 p.m. right here on bloomberg television. ♪ >> he is the provocateur behind some of the big ideas of our time. a creator of a sort of pop scie

. >> brent: tcu had opportunity to leave one last impression.ation's number three team trying to just get enough separation to make sure they get in the top four when the rankings come out. they had a trick early on. tcu able to drill iowa state 55-3 is the final. boykin with 460 through the area. you would think horned frogs get in the playoffs. oklahoma state and oklahoma in overtime. ben grogan from 21 yards away. cowboys upset the sooners. cowboys scored 17 points of this game. they were left for dead. 92 yard punt return touchdown by tyreke hill. ou missed fieldgoal to begin ot they lose the game. la tech and marshall. conference usa title game. marshall down four. two to play. rakim, connects with mcmahonus, touchdown. take away own big souvenirs. 26-23 now 12-1 marshall. what a win for them. a one-yard touchdown capping off beautiful opening drive for baylor, eight plays, 81 yards. they are on top of k-state 7-0 head back down to georgia dome. >> adam: thank you very much. all brent's friends went home it looked like. showed the bedlam re

you have seen brent and wpi get crushed over the last few months.own 40% down from the highs in june. crude touched a $65 a barrel, down 1%. the vti also down 1%. under $63 a barrel. in terms of currency, the story has been dollar-week over the last 24 hours. the move has been in dollar-yen. money climbing back into the yen. it is down under .33% right now. the nikkei traded lower. the dollar-yen, nikkei story still going on. we are back in two cooper we'll talk -- we are back in two coo. ♪ >> welcome back to "on the move ." let's bring you up to speed with companies on the move. than $20may need more billion in at your capital by 2019 to meet federal reserve requirements. the central bank laid out boosting surcharges for a big u.s. firms. stanley fischer named jpmorgan in particular, saying the bank will have to come up with more capital. is said to scotland be planning an exit from fixed income trading in japan. the bank may cut more than 200 jobs in the region. is the latest effort to cut assets. standard chartered will be under u.s. watch for th

negative seven on west texas .44, brent down to two dollars.toror the benefit of that for the u.s. consumer and the fallout for the oil companies. skies, the internet of everything has gone there as well. wi-fi connections on planes have been on the rise and companies are looking for international expansion as well. betty liu joins us. goat which are normally familiar with if you climb on an airplane these days. if i domestically and you get wi-fi. every time i get on an airplane i expect to have wi-fi. and a disappointed if there isn't. >> betty, in the words of the well-known panelist louis ck, give it a second. it's going to space. it is a different physical challenge to do it. it is a unique case in terms of internet access. >> it absolutely is an global eagle entertainment which is a isller competitor to gogo putting wi-fi on planes around the world's they just inked this partnership with air china and will make this announcement on our show of a new partnership with another major carrier and international airlines are way behind u.s. carr

>> you know, our futures think we're looking at $63, $80 on brent. sorry. $63 on wti, $65 on brent.re there now. we're there in the terms of the size and the selloff. i think we're kind of reaching bottom because the fundamentals are not terrible. we don't have a huge overhang. it's about a million-barrel overhang at the moment. >> and how nimble do you think we are here in the u.s. pulling back in terms of more production so it's really -- so by six months from now this supply story won't be the same? >> if you look at u.s. production, about 25% of u.s. production will be at $70. but the lead time is about nine months. but i'm looking at the rest of the supply complex. and that's where i think you start to see barrels come off. nigeria came back over the summer. that was a million extra barrels at a time of soft demand. those two countries could fall back off and you'd have instability in other key producing oil companies. >> did rvc, did you write anything or say anything about a drop below $70? >> i don't think -- to be fair, i don't think a lot of people saw this coming. >> yeah

ice brent crude futures off by almost 3%.cause we have the latest update to baker hughes rate account information, the number of active oil operating in north america. saying the u.s. rig count has fallen. also the canadian rig count is down 135 rigs to 256 active oil and gas rigs. it looks like as oil prices slide, sue, it still looks like active oil and gas rigs are apparently on the decline and that trend continues with this past week data. >> not much incentive for them to continue to expand given the way prices are performing. >>> as you might know it was opening weekend in select theaters and online for "the interview." how many people watched it? jane wells is live in los angeles breaking down the numbers. we want you to weigh in as well. do you think sony made the right move by releasing the movie online? go to cnbc.com/vote. you can vote while jane reports. >> reporter: really for the first time we have seen a mainstream movie distributed on all platforms at once and the results are telling. >> i'm actually like -- >

brent down 3.5% below $67 for the first time in five years.gly sweaters aren't just for themed parties. they're actually big business. jane wells has been showing off the ugliest sweaters around all morning. she's back at an ugly sweater store in l.a. with more on that booming business. jane, over to you. >> you know, kayla, i'm at the shop ugly sweaters.com pop-up store in burbank. ugly sweater day is december 12th. this has been commissioned by a hollywood producer going to a red car pet ugly sweater contest in malibu. he told her the budget unlimited. this is sweater number three. we showed you one and two earlier. we got into the thrift store. it's a y2k holiday sweater. as i prepare to reveal sweater number four, first we talked to customers, who's buying and why and the ugliest of all. >> i have one that has grandma's grandchildren. >> red sweater, my ex-girlfriend's actually. it's horrifying. >> glued tin sell a and crazy little figurines you get. it's pretty sad. >> maybe it reminds adults of just that, wearing that sweater that their

eight-hundredths of an inch at brent wood. you can still see that the golden gate bridge is wet.g forming tonight. light showers north of the bridge. slowly drying out tomorrow. christmas week for the most part does look dry. with increasing sunshine and temperatures getting to dangerously close to 70 degrees. by lateener the week. mid 60s tomorrow for san francisco. partly cloudy skies. rain tomorrow if you are mendocino and north. overnight lows will be in the mid 50s . about five to 10 degrees warmer than average for overnight lows. daytime highs, mid 60s are also warmer than average. and for the east bay, not much variation. 62 at brentwood. 65 fairfield. 63 at concord. 64 pleasanton. in the north bay, we will look for some showers tonight. a few very light showers tomorrow morning and clear it out to the mid 60s in the far north bay. we will look at 55 at lake port. extended forecast calling for increasing sunshine as we head toward christmas. numbers will be in the mid 60s for the most part this week and we will keep it sunny for the latter half of the week as it gets a lit

same true of brent. brent is on track for the second weakest month since the 2008 global financial crisis. prices down 47% since june. how low is oil going to go? join the conversation. do you think it is going below $50. you can go to cnbc.com/vote to weigh in. joining us with his take is chief option strategist. welcome. good to see you again. >> good to see you, sue. >> do you think we will penetrate to the down side the $50 mark? >> i am a price action guy. i'm looking for the reaction to the new lows. we have been waiting for a push below 54. ten straight sessions. what is interesting here is you are not getting the free fall. so that may be telling me that the sellers are getting a little tired and you may lean on the 50 level as a level to buy. >> as you go into 2015 in general where do you think prices are going to range? what kind of range are you looking for in the new year? >> there are a number of things i am also looking at. if you look at the dollar the dollar made new highs and is closing

also watching brent prices 67.30. below a five-year low for brent.s the report from morgan stanley taking 2015 forecast on brent down to 70, a $14 cut. making traders nervous. a saudi stuff we heard last week trickling into the marketplace and over the weekend bp announced it will be making job cuts. they did say on lower oil companies. companies forecasting them to go lower as well. nat gas, a stealth mover to the downside 3.67, combined with the fact gas prices down 18 cents in 2 weeks according to lundberg. good news for consumers. back to you. >> thanks very much. keeping it in the realm of oil and gas, news from the u.s. supreme court rejecting bp's challenge to the gulf of mexico spill. a lot of context for you. they've been, jim, fighting for a long time on various fronts involving not just what they've spent obviously but what may still have to come. >> yeah. >> in terms of penalties. >> i think bp felt, once they had made a deal with the justice department, a lot of things would go their way. nothing's gone their way since then. they've been

we saw brent. huge impact on russia. >> it does for you talk to russian businessmen and they say sanctions, sure, it was challenging but not the worst thing that could happen to us. the deterioration are run the geopolitical system, ukraine annexation of crimea, we could stomach it. they are concerned about the decline in the oil price. a decline creates all kinds of problem. ae that could have been problem that russia has experienced since the collapse of the soviet union is unemployment. drop, thata huge means oil companies have to lay people off. i was in vienna. that was on october 20. he told me "we can handle in price even below 60 bucks a barrel before we supply cut." the moment has arrived. this is not a good time. the breakeven cost for production is 40 bucks a barrel. heavily,t relies so about one/three on oil. -- 1/3 on oil. the idea that can transform to diversify of missed this crisis is perhaps fanciful. head of thee central-bank speaking this morning. it is likely that vladimir putin