oil below $50,000 a barrel on the brent cark it -- brent contract.tse 100 up .5% after trading lower for three straight days. the dax is higher by 41 points. let's get your stock movers with caroline hyde. >> at the top of the leaderboard is oil and some of retail. greco up almost 3%. why? it is scoring new contracts. it won an argentinian contract. they are also extending contracts to the same customer in argentina and one in the ivory coast is extended. stock goes higher. sainsbury's up 4%. like for like sales not as bad as we had feared is helping. this is one of the most bet-against stocks on the ftse 100 but it is getting up because it did well over christmas. 8% uptick in turkey sales. people traded higher. they went to sainsbury's. taste the different brand. stock trading up. boo-hoo. the pun was too easy, wasn't it? up almost 40%. is currently trading at $23.50. this is more than half of where the stock was listed back in 2014. it is not matching the euphoria. this is an online retailer in the autumn was too warm. rife competition was on the

brent $48 a barrel.oldman sachs slashing the forecast for crude. ♪ >> welcome back to on the move. live from bloomberg european headquarters here and london. this is the stoxx 600 up. the footsie is up 27 points. some gains this morning. the dax is up 95 points higher. let's get some stock movers. >> pretty high up there and getting a bit of boosts. the bank of merrill lynch double of grated and it was underperforming. it is now up. there is a little bit of a warm breeze and we get the chinese car sales in december of 13% in december. it got big exposure in china and it is trading up. it is all about oil and energy. it is up by 2%. keep in ion some of the energy stocks. there is the opposition leader and the labor party leader talking about energy prices and saying that they should be given the power to cut energy and gas prices when oil prices are down and wholesale prices are down which is driving down investors a little bit who are worried about the exposure and the downgrade in prices. meanwhile, one

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 the 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, so -- [laughter] 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 decan signed to -- was designed to bring together these so that the president could look at national secu

fist, brent saunders is here live and exclusively. he's in the process of closing a $66 billion acquisition. going to find out what's next next. >>> and welcome back on a big day for pharma-related deals. now saying they expect earnings to exceed consensus by 10 to 15%. brent saunders is with us exclusively today. let's head back to meg. >> hey, scott. on a big deal making day at a big deal make conference, you couldn't be joined by anybody better than brent saunders. >> thank you for having me. >> you have been called the chuck norris of pharma mma. you have done almost a hundred billion dollars worth of deals. >> that's about right. >> tell us how your integrating allergan into your business. >> it is an interesting time to do deal making because cost of capital is so low and money is ready available, particularly for high quality credit rated companies. i think the issue is you have to be careful when you do it. we've been inquisitive, but we're not really a roll up. it's a fair label for us. but we've been out there looking to fur

little bit higher for brent yesterday., we array some of those gains today but those moves supported bp. reports in the u.k. media that may be bp might be thinking about cutting jobs up in the north sea oil complex. reports not confirmed just yet. copper coming back, up by 2.4%. the biggest one day drop for a number of years. the worst start since 1988 for the red metal. the oil story does not match up with copper. some concerns about demand in china with his -- which accounts for 45% of demand. "the pulse" is coming of the top of the hour. guy the markets -- >> they continue to be front and center. we will talk about the risks we face. the head of pinacle analysis has some pretty impressive downside targets. he sees brent finding a floor in the mid-30's. copper down from where we are here. the u.s. 30-year sub 2%. he has got some fairly aggressive targets. >> we need to start talking about what is going on at the line end of the -- the long end of the curve. curves flattening in europe and the u.s. there used to be a mess

brent crude trading just above $50. break that level earlier in the trading session, but right now trading at $50.88. still a lower session tore brent crude, down just about 0.5%. >> indeed. seema, earlier in the show, oil prices declining, prices at the pump are trending sharply lower in the u.s. and your mother, mrs. mody sent this picture in from portland oregon. unleaded produces there currently at $2.11. and if you are watching this morning, mrs. mody a very good morning to you. greetings from myself and your dear daughter seema here in london. we've been asking all of you to send in your selfies at the pump. follow the suit of mrs. mody. how much are you having to pay for your gas at the pump? one viewer tweeted in to say gas prices in minneapolis are at $1.86. get in touch with us, worldwide@cnbc.com or @cnbcwex. >> i'm sure she'll appreciate your shout out. she watches every day, very dedicated to this show. >> that's great. my mother is also dedicated, but i feel that she's only fleetingly dedicated. about five

at that point brent became the global go-to. if we see this reversal wti becomes the global go-to, and if we start exporting wti here in the united states, that will strengthen the price even more. back to you. >> all right jackie. thank you. >>> oil continuing to sink so where is the best place to find opportunity amid those slumping prices and slumping stock prices too, folks? let's talk to oil experts, carl larry, an oil analyst and president of oil outlooks and opinions, and michael lamott an oilfields services analyst and senior managing director at guggenheim securities. let's start with you. give us some names and explanations of stocks you think might be worth nibbling at now. >> well, you know what we're looking at here is an oil supply problem here. when you have supply problems what you are really looking for are places that can stoil oil. something like enterprise product partners probably a good play out there right now. they own a lot of storage. they just bought oil tanking a few months ago, a few weeks ago. i thi

we are looking at brent at the 52 mark. 51.49.g a ripple effect across other asset classes. let's talk about this with ryan chilcott. -- ryan chilcote. >> that is the benchmark everyone is watching. as you say, we are at 51.43. brent down more than 3% after it was down 6% yesterday. anybody's guess if it will happen, how much it will go below $50. the last time brent went below 50, it fell to $45 a barrel. that was december 31, 2008. the oil price collapse in the fall yesterday contributed to a big decline in u.s. oil producer stocks yesterday, about one quarter of the dow 100 point the klein is attributable to decline in energy stocks. -- doubt 100 point decline is attributable to decline in energy stocks. going to have to watch this. nobody saw 70 coming. nobody saw 60 coming. >> thank you. the latest on some of the oil stocks. they are seeing a big selloff especially in dubai. elliott got can joins us with -- elliott got can -- elliott gotkine joins us. >> to buy has not managed to eat out a single day of gains. the oil price d

nymex is the story, brent as well. olivia sterns driving brent crude lower. a new low the sterns effect. very narrow spread, nymex crude. ruble weekends, nowhere near the 64.65 from a bit ago. let's make you smart. monday, a simple chart. west texas intermediate. here's the lehman low. everybody calls it the lehman low even though it has nothing to do with lehman. were back there. >> this is a bust in demand, this is a boost in supply. we are in the same place for different reasons. >> microeconomic brendan greeley. >> during the crisis every other asset class cratered. there is a big disconnect. >> what did you do, get enough sleep this weekend? >> right here was where i bought my vw diesel because i was concerned about the price of oil. >> right there is where i will be buying a jaguar suv. >> we will go to the detroit auto show and talk to the head of vw. goldman sachs, oil for longer for lower. edward at citigroup has been out front. here is the goldman sachs piece. one year ahead, wti swap needs to be below $65. near $55 for next year to sideline capital

brent is at 52.5 off 1.2% as well. let's see what that means for asian markets and join sri jegarajah who is standing by in singapore as ever. good afternoon to you, sri. >> and a good morning to you, wilfred. it's been a perfect storm of negative offshore leave for the regional markets over here in the asia pacific region. we had this unrelenting fall in the price of oil. that's one catalyst as you know from wall street and, of course, the jitters in the eurozone political uncertainty emanating from greece as that election on january 25th looms large. on top of that we have global growth concerns to round off the picture. the nikkei 225, a generalized risk aversion throughout the market. the nikkei down by 3% at the settlement for japanese equities. this is the worst day in ten months, as you pointed out. but here is where the relative strength is. mainland china equities. shanghai composite, stable at the close. and you've got to remember we had a very key data point. the market hsbc services pmi was, all things cons

the price spread between west texas crude and brent has been narrowing.is an important factor, and we will tell you why it matters to you. earnings season underway. the stocks that are going to help them hurt the most. we'll take it apart for you. real estate stocks starting the year with very big moves.

all eyes on brent. brent is about $50 but not too far above. it has been falling.% this morning. >> yesterday, down at 6.6% at one stage. but how much of the u.s. car market benefiting from the lower oil price yet? as much as equity markets have reacted negatively so far, it seems in the short term we speak to get jose is good for consumers. >> it is a huge boom for carmakers especially for suvs and big trucks. it was all for all of the carmakers year on year especially gm who was up 19% and chrysler up 19%. this is playing to their strong hand in trucks and suvs, chrysler, by the way up. really good for carmakers. not good for the stocks of the carmakers. they were all down. it was a brutal selloff yesterday on the dow. >> that is the point of the story. thank you, ryan. "on the move" is next. >> they will be talked to the chief u.k. economist at goldman sachs about 2015. we will see you tomorrow. ♪ >> good morning. i am jonathan aero. moments away from the start of european trading. what a 24 hours we have had. lead global equities selloff. the worst day in three

wti falls below $45 with brent at a fresh six year low.g off the route with futures educating a positive open and u.s. central command's twitter back up after it was hacked by a group of isis sympathizers. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back. let's have a look at european markets. yesterday it was thoughts of easing and it was a similar trend today and allowed europe to buck the trend as oil prices continue to decline. let's also look at commodities. wti and brent are both off the best part of 3% today. wti at 44.8. brent at 46.1 and we have seen a little bit of a rally in gold in recent trading sessions at a 12 week high just pushing the 1240 level. >> interesting enough decline in oil prices weighing on the energy sector. energy the weakest sector down about 10% over the past three months. that's been weighing

when you see what happens with wti and brent, take a look at the spread between wti and brent. that spread went positive first time about five cents today. wti is discounted to brent because it is land-locked. brent is sea born crude and easier and cheaper to transport f that shifts watch for policy changes, watch for all kind of changes in the global oil market. we don't know what will happen, david, if it gets below 40. liz: brent, right now, you get a sense what bob is saying, $47 a barrel. crude, 46. folks, these used to have a 10, 11-dollar spread six months ago. >> very typical. liz: give us your best names. people watching want names behind your theories. you like the homebuyers and the housing sector. which names? >> i do. i like the brokage industry. he like realogy, they own century 21 and coldwell banker. on homebuilder side i like lennar and to brothers to have a good name. those are stocks in my portfolio and i'm looking for good years. if we continue see more money in consumers pockets. interest rates continuing at historic lows with lending policies becoming a li

brent burns, was the only player in the game to play defense. uses his stick here to break up the two on one. in the second, this is voracek who scores on the breakaway. the sixth player to score four goals in an all-star game. brent burns was on the losing team but he got his first career all-star goal late in the third. most goals scored in an all-star game. 17-12 is the final score. >>> duke head coach mike krzyzewski is considered one of the best at any level. today, he became the first coach to reach 1,000 wins. his players made sure he got number 1,000. okafor throws it down. they trailed by ten with 8:00 left. okaforback banks this in. the first one in d-1 history to win 1,000 games. >> we played great in the last ten minutes. i'm not sure i've ever been part of a game like that. they have one that's different. that's what makes the game so good. to win the 1,000th you have to be a lucky guy. >> for the women stanford on the road taking on usc. lily thompson 4i9hits the three. johnson with the easy lay-in. stanford wins 71-60. now 7-1 in

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.

liz: well, brent's risk is overseas.ng to see why you feel that it's really time to go overseas, and specifically you can get to some of your picks right now because people are dying to hear where they can find yield with a little bit of risk but at least some reward. >> yes. you know, to back up and put it in perspective for the past five years, since march 2010 we've had an overweight to the u.s., and for much of the past year we've spent time decreasing that and moving more toward international, and that's really a monetary policy call. about a year and a half ago the euro skeptics started becoming more popular in europe, and that was the impetus for the ecb and for the fiscal authorities to stop austerity measures. and so if you look overseas right now, expectations are extremely low, banks are actually beginning to lend, and the fundamentals, valuations are a lot lower. so we've become more interested in moving money towards the eurozone. this is an index -- etf which is a dow jones stock which yields about 4% and g

as you can see here brent crude trading below $56 a barrel.ude oil forecast for 2015 to $63 a barrel from $80 a barrel. the supply/demand equation is one of the reasons oil prices have been on the decline, but some traders also attributing the move to the weaker euro. weak currency reducing the purchasing power for dollars in nominating oil. so multiple factors here being digested by oil companies. >> in december it created general risk off sentiment and other risky assets all equities were up. the question for 2015 is now we have develop through the initial sell-off, can other risk assets perform if the oil crisis remains weak? now, of course another area of things suffering is pimco closing the books on one of the worst years ever in which it lost both of its chief investment officers. for more on this story, we'll go to cnbc hq where landon dowdy is standing by. >> reporter: the pimco total return fund has had the worst year of redemption ever in the industry. the fund posted the 20th straight month of outflows in december as investors pull

said brent, tell me she's not dead.fe was forever changed. >> that's the instant i woke up because the screaming was so horrific. >> her screaming? >> yeah. that got to her -- i knew something really bad. i thought probably someone had broken into the house. when i got to her, she was backed against the wall screaming. i grabbed the phone and tried to talk to brent. it was bad noise. i could hardly hear him. i just tried to comfort her. that's the moment that we knew or i knew that my daughter was dead and my wife would never be the same again. >> whew. you lost your daughter. yet you still -- what really struck me in this incredible piece was there was a little bit of a blessing that she was in that police car. explain this to me. >> we didn't know for the first three days that she had actually been taken from the theater. i was unable to sleep because i kept having visions of my baby on a theater floor dying, bleeding out, not being there with her. i couldn't sleep. my son who had gone to colorado to take care of thin

foreign brent crude was down even more falling $2.68 a barrel. the lowest since march of '09. with oil prices in free-fall, many are asking not just how low can oil go but how low is too low. jackie d'angelis has more. >> reporter: the crude crash continues with no end in sight. prices on both sides of the atlantic now under $50 a barrel. while cheap crude means consumers could save $50 to $75 billion on gas this year according to aaa, many are wondering how low is too low for oil. the tipping point where the drag on the economy outweighs the pickup in consumer spending. >> we're in the beginning part of the price zone right now that hurts production in a big way and starts to reverberate through the economy, the manufacturing economy especially. it will be particularly painful if we break the $40 level, and break the $33 level which is the low price target into the 20s, then it's going to be a real bleak situation. >> reporter: production is just one risk if all falls too low. the ripple effect is big oil laying off workers and pulling back on hiring. >>> the number of jobs i

meantime, this spread is very interesting because the last time that we saw wti overtake brent wasn't until from july 2013. it happened very briefly. it happened more significantly in july of 2010, but everyone is watching this closely because what it could indicate really is that wti is going to become more of the global benchmark. a lot of talk out there about lifting the ban potentially on exports, which could mean that other people are bidding for u.s. crude and that could raise prices. a lot of action in the pits here, and watch the selling pressure into the close because the pattern has been to see steeper selling as we head into that 230 mark. >> we'll check in with you around 2:30. let's stick with oil because how not every energy stock is created equal in the face of plunging crude prices. who is best to weather this storm? paul, you know the old saying. buy when there's blood on the streets. there's a lot of blood on the oil streets right now. to go in there and start buying, would you have to have a lot of conviction. luckily you do. tell us why. >> yeah. i think there's a

the focus has to be on brent above $50 a barrel. it is at $52 a barrel. could it go below? i will give you a factor to think about. brent hit a low in 2008 and we are not too far from that now. >> we will talk to you more in depth in 20 minutes. let's talk about the impact on equity markets and the move in oil sending shockwaves. the biggest one-day move was lower. i wanted to get the investor take on all of this. he oversees $9 billion in assets. you say the drop of the oil price is good for the economy. the drop in the oil price sends yields lower and has not been good for markets. >> exactly right. that is what you expect. you feel the pain and see the impact of russia on nigeria. you see spending in the oil industry and it will be a boost to gdp with consumer spending being less at the pump. we will get the gains and we are feeling the pains. >> what is the last time? >> 3-6 months. >> you are not concerned about the high-yield space. >> there will be companies defaulting as a result. you will feel the pain and the benefit should be positive because we will get the econ

let's take a look at brent crude. ice brent crude is up 2% and change. west texas intermediate is up almost 2% even. on the trading session. since peaking in june oil prices dropping about 55%. meanwhile, according to triple-a, u.s. average gas prices end aing record streak by increasing overnight. first time we've seen that since september 25th. >> president and ceo of securing america's future energy it's known as safe. robbie, welcome. good to have you back with us. this prize goes to individuals who submit proposals for making more efficient engines or replacing fossil fuel engines across the board. how much do people win if they win? >> powered by the intertech group. we're looking to give away $175,000 to three technologies that we believe will reduce america's oil dependence which is so important to our economic national security. i just remind people that 92% of our transportation sector is powered by oil and there's zero choice of other fuels. every major recession has been proceeded by an oil price hike. that's why it's so important to find the

in the european contract, brent is up 50%. stockpiles.oing to get data today that is going to talk about the stockpiles in the united states of america. 700 barrels stockpiled last year. china is not going to save the oil market. they will not import as much as they did last year. there is an iranian news service saying there is consensus building monk opec that they should stop the drop in prices. the chief equity strategist at goldman sachs said a global glut sending these stock prices to evaluations that are quite appealing, their energy prices are trading at 13 times their earnings. down from 17. with a market looking for pockets of opportunities. he is looking for pockets of opportunity. you have copper and aluminum. copper at a four-year low. aluminum at a seven-month low. that is according to socgen. the fed, you a strong dollar at a 10-year high. >> after the break -- great stories from bloomberg. who is feeling the pain at the pump? oil prices as you know have fallen. who is still paying top dollar when they fill up, though? that

brent, though, is staying under pressure. we've got the weak china pmi number and concerns from global demand. i do also want to give you an update on the condition of king abdullah of saudi arabia. a statement reported by nbc news that the king did have a checkup. they did discover pneumonia. they inserted a breathing tube but it was successful. that's where we stand at the moment. a lot of the news we get from king abdullah and the saudi arabia situation is from state tv. we're monitoring that. i want to mention gas prices as well continuing to fall. the national average far gallon of regular according to aaa today, $2.23. remember, just a month ago we were at $2.76. really staggering. back to you. >> all right. thank you so much. >>> let's get back to the markets here. we've got stocks sliding on the first day of trade in 2015. but our market strategist has been very bullish for the year ahead. guys, great to have you on the program. let's get to those bullish predictions. i'm not kidding when i said that gene is looking f

west texas intermediate at 1% and 2% for ice brent crude. transports are up almost 100 points and under 2% on the ten year note. >> sue, thanks very much. that will do it folks. thanks for joining us on this edition of "power lunch". >> "street signs" starts now. >> 252,000 new jobs rounding out the strongest year for job creation since 1999. but the market is not smiling. wages are stuck. crude is falling and france is in shock. welcome everybody to "street signs" on this snowy cold friday. steve liesman is joining me today. welcome to the show. tell me what the markets are up to. >> we're down pretty much across the board here mandy. take a look. we're down 220 points on the dow. off the loss. but the stocks have turned lower for the week

joining us is brent, managing director for software research at ubs. brent, is it time to think about rethinking the big tech enterprise thesis here? because look, i mean intel is down this morning, kind of in sympathy here, so is cisco, so is hp. they're down at levels we were seeing maybe in november and december. concerns about growth for the rest of the year. is this just a blip? is it a microsoft issue or should we be more concerned? >> i think it's a macro effects issue. clearly the large caps had a great moves last year. you're in a seasonally soft quarter for technology and software. we've written about this for the last decade. the q1 black ice period is the time to actually be buying into weakness and sell later in the year. so we think that, you know, in the case of microsoft, more of this was related to effects in macro issues. if you kind of add those issues back, their commercial business is still growing at a high single digit growth rate which relative to oracle and other large cap peers, they're growing that much faster. so we think th

like crude in the united states as i said $49 and brent crude typically traded here.bout 1.5%. let's get more. a senior economist at schroders joins us. great to have you with us. i'll say happy new year to you, my friend. but listen we know this continues to be a supply and demand issue. there's more oil out there than the demand. i'm trying to get my head around this. you hear the likes of russia and iraq saying we're going to increase production. they need to make more money. but isn't that like a dog chasing its tail? the more they put out there, the more that's going to drop those global prices. >> first of all, happy new year to you, too. but i suddenly agree. the additional supply is beginning to be adding more pressure on the oil price to fall. and that's the problem that we're seeing at the moment. financial markets and investors have been expecting opec to cut back production by now, in order to protect that crucial price on the black stuff. but non-opec countries have been adding more supply to the markets. we've had new energy supply coming through from sh

brent still remains at $50 a barrel.'t think this is a big surprise, that king salman is saying that he is going to continue the policies that king abdullah pursued. king salman when he was crowned prince gave a speech that said the oil policy will remain in place for the foreseeable future. it is as if they've been preparing us for this change. the man to watch is saudi arabia's energy minister. he, in many ways, calls the shots. when he decided and effectively forced his thinking on opec at the last meeting, that it is not in saudi arabia's interest as the largest crude producer to cut production, he knew that effectively what he was doing is entering a game of chicken with crude producers, she'll producers, around the world. saudi arabia has no interest in switching course midway. it is much more in saudi arabia's interest to get those shale producers out of the market, remove them as competition, than cut production watch the oil price rise, and have other companies provide that capacity and enjoy those gains. he has

go ahead brent. >> mr. chairman ranking member reed members of the committee, i appreciate the opportunity to present some of my views on issues that the chairman and ranking member have laid out in the world which is difficult for all of us. my opening comment i hope can con cribute to your deliberation over vexing issues and choices that we have. the world we live in is full of problems and some of them seem to result from new or novel forces and influences and i intend to focus on them. let me begin my comments with just a few words about the cold war. the cold war was a dangerous period in our history where problems abounded. a mistake could have resulted in a nuclear war. but the cold war had one advantage. we knew what the strategy was. we argued mightily over tactics but we were always able to come back to what is it we're trying to do and it was contain the soviet union until such time as it changed. and that helped enormously in getting us through the cold war. with the end of the cold war that coh

just below 51.3 on brent. gold remains just above 1200. sri jegarajah is standing by with an update on asia. >> a rather upbeat session for regional equities. we saw wall street snap a five-day losing streak overnight. we are looking at gains in ek excess of 1%. if you look at the kos pea, the nikkei as the outperforms. the softer japanese currency by implication, helping the exporters and the broader market. here is the odd man out. shanghai composite underperforming wrapping up its first loss of the year today. the worst session in two or three weeks for the index. the shanghai composite has scaled some pretty heavy highs over the years. we've seen five-year highs for the index. some give back is warranted with some profit taking affecting the financials. elsewhere, you were talking about the stabilization in the oil price has benefited the resources names on the s&p 500. i would say tomorrow given the event risk that we have in terms of this region we have tighter inflation numbers tomorrow and the nonfarm payrolls stateside. it could b

brent is down 0.47%. 50.6 of.gold is hovering around that 1200 level, basically flat today at $1210. >>> we're going to keep you up to date with the situation unfolding out of paris. of course, there is a reportedly a hostage situation in dommartin-en-goelle, a town that is 30 miles northeast of paris. just getting headlines that schools secured in dammartin-en-gele. so far, residents in that town have been told to stay indoors. schools in that area have been secured. >> and let's continue to update you on this up folding situation. there have been reports earlier that with the host aemg situation, one person had been killed, but interior ministry has denied that report in the last half an hour. the two suspects hijacked a car. we've heard about that already and they drove into the town's industrial zone and they have got at least one hostage with them. local media reporting that three or four helicopters, a couple of them as you can see there, police are on and they're still arriving according to local reports. a

energy companies. >> that is what $48 brent does the business.car sales rising for the first year on year since 2007, increasing 5.7%, 13 million cars. joining us from berlin, chris what is behind the strength? is this just cost-cutting? >> well, the rises based on six years of declines. over six years of declines means cars are getting older. at a certain point, they just have to be replaced. also, to reduced demand, there has been a lot of price-cutting, so the fundamentals are still questionable. >> who are the big winners? talk to me about the carmakers, the luxury dealers. any mainstream names some affordable companies that have done well? >> actually what has driven sales the way of the fundamentals of the european economy, is the budget, the lower-cost cars. the biggest gainer last year was a romanian-built renault unit, famous for no-nonsense vehicles. that was the biggest gainer, 23% last year. also the low-cost vw brand grew 13% last year. the luxury brands were actually stable. their market share did not change too much. they do not ha

brent crude, $55. euro yen shows not much going on. it is all about dollar strength against everything else. the german government bond. we will talk about eurasia. looking forward to that. the german government bond mimics that of japan. here is oil adjusted for inflation, scarlet. it is an approximation. it is a little squishy. here is the decline in oil prices. here is opec, the collapse of opec. we are back there. >> what happened in the last leg lower? >> i would say it is oil prices dropping. it is very little about incomes. >> the income level has flatlined. >> but we were richer here than we were here. we are back to a good value. >> the question is how long it stays like this? >> absolutely but there it is. oil continues to descend. getting us started, kate moore . we are also honored to bring you senator judd gregg. cheap oil will have a profound effect on america. >> it is great to have low oil prices. we heat by oil. most of new hampshire is oil, not gas. this is a big plus for consumers. it allows them to save more and sen

ceo brent saunders is here. he's on the cover of the february issue of "forbes" magazine there. dealer. he joins us now to talk pharma growth and big medicine. let me ask you about what i just read. the zero inventions part. how are we supposed to think about those two pieces? >> i'm not sure that's truly accurate. i mean we have as a company our legacy companies whether it's been act actavis have discovered medicines and have launched many. we launched several last year. we're going to launch five or six this year. we just don't do the basic discovery. but innovation is a continuum. we do the clinical work and we get it launched and figure out how to make it and scale it up and do that work is that not innovation? >> the question should be what should be the model? valeant when you were competing with, came on our show and we had discussions after discussions about this idea of now rnd. the rnd should be done effective effectively by start-ups then you should buy them. or you should have larger companies. what's the right answer? >> see, i think you have to be committed to rnd

brent crude at 48.30. spot gold we have seen a little bit of a safe haven bid over the last few days sitting at $1,282 an ounce and copper under pressure, $2.55 and change. >> let's get a rundown of what to trade today. durable goods out at 8:30 a.m. eastern. demand is expected to rebound after a surprise decline in november. at 9:00 a.m. the home price index. prices are expected to hold steady after growth slowed for a 10th straight month in october. now at 10:00 a.m. it's december new home sales which are forecasted to rise after falling the previous month and january consumer confidence which hit a two-month high in december. but to discuss more about what to expect today and the future of the economy we're joined by lindsey, chief economist at stern a.g. there's a lot of concern this will have an impact on the economy. >> we expect the storm to be short lived. maybe a temporary bump today at a here or there but not a very large impact when we talk about the monthly or annual seasonal data. >> how impor

and we still have brent crude trading under $54.ying look for the four handle maybe this week. and you have a lot of analysts saying when is the bleeding going to stop and when is a producer whether here or abroad going to blink and sort of change that supply and demand balance. and a couple of key factors going into that would be number one, the problems in the eurozone right now. a lot of people worried about greece and what could happen there, what this would due to the oil demand picture. also last year russia pumping as much oil as it's ever pumped. and iraqi december exports were the highest since 1980. so all of this is the perfect storm for oil prices to decline. traders are telling me that they're expecting to see some volatility in crude oil prices. you can see some buying on the dip in the next few days as well. don't be surprised by that. but fundamentally, they do think we're going substantially lower from here. back to you. >> bias is down. thanks. for more on oil receiptslet's bring in chadmabry. it looks like you hav

brent crude trading at 47 dollars barrel.ll continue to keep you up to date on the oil tried which continues to be the big story or why equity markets have been moving. now a story in the tech world. the chinese hand set maker unveiled a new smartphone. it's said to be thinner and lighter than the iphone 6 plus. the ceo said he juans him to be the biggest smartphone maker within ten years. joining us on the phone from beijing is eunice. you're with us. take it away. >> thanks a lot. well xiaomi translates to little rice but they're not short of ambition. today it launched the xiaomi note which is going to be a direct competitive to apple's iphone 6 plus and they took the stage in front of hundreds and hundreds of people and he basically went speck to speck taking on the iphone 6 plus. it's going to come in two models. the base model in black and white but you can get the proversion in black, white or gold and the company says the phone is going to have a great camera, 13 megapixel camera at the rear and 4 mega pixel at the fr

brent around 45 as well.t was said it's not about whether the price hike will come, it's about more the timing. >> all i can tell you is that other countries and other continents are starting to react positively. getting better feel from china. europe we're hearing better things because of the oil tee decline. india we're starting to get a good read. the calvary is beginning to come from this low oil whereas we have obviously we've been drilling a lot. since 2009 which we're talking about this trough since 2009 is when we really started doing a lot of drilling. a lot of these projects are being cut back about that everybody was writing about canadian natural resources. but take a look at what they're saying. they're cutting back drilling but they will still grow production 7%. if you cut back drilling and you still grow production we're not done going down. so many people are bottom fishing, but i still don't like it fp. >> we'll hear from terry lundgren talking about the positive aspects before about roger a

brent lee has announced his retirement.h his here at the end of the year. >>> [ inaudible ] leads think first round of the abu dhabi warp i don't know-- championship. 64 and a 1-stroke lead. world number 1, was 5 under 67, and 3 shots behind. >>> two men in the united states has completed what is known as the world's toughest climb. they reached the summit of el captain. [ cheers ] >> reporter: a fate seven years in planning 19 days in making and one never achieved before. friends tommy caldwell and kevin joer ganson reaching the summit of what is known as the dawn wall of el captain in yosemite national park. it is called the dawn wall for a season. a vertical sheet of nearly smooth granite. some have climbed it before but not like this. they scaled the summit without any aids. harnesses and ropes. during the time the pair slept in camps. and sometimes taking days off. any falls along the way, and they had to start again. hard enough with ten fingers, tommy caldwell managed with just nine. >> if anybody deserves it it is t

we had the testimony of two of the wisest men in america brent scowcroft, general brent scowcroft who was a -- who was a national security advisor to president ford and president h.w. bush, and burzynski dr. burzynski, who was the national security advisor to jimmy carter talking about threats. and brent scowcroft said that he believed the cyber threat was analogous to the nuclear threat. people wouldn't be killed but our country could be destroyed. he saw this as one of the fundamental -- one of the two fundamental threats that we face today. and yet what are we doing in congress? not much. it's as if, mr. president we got a telegram from admiral yamamoto in 1941 saying, "i'm steaming toward pearl harbor and we're going to wipe you out" and we did nothing. or a telegram or a text message from osama bin laden saying, "i'm hitting -- we're heading for the world trade center. what are you going to do?" and we did nothing. we have the notice. it's right in front of us and yet we aren't acting. what are the risks? the biggest risk is in the nature of our society. the good news is, we're t

brent is down 17% since the start of the year. it is january 13.enior analyst joins us now on set. when do we hit bottom? >> we're all china find this magic number. -- we're all trying to find this magic number. it is difficult to do. there is no one magic number. producers operate along the cost curve continues. there's not one specific -- for example, we did work up in north dakota looking at various like even costs. you within the bok in itself, it is buried so white. -- bakken itself, and it is varied so wide. >> the journal has a rationalization of what canada will do with the tar sands. do you buy the idea that even as the price comes down through breakeven a set of breakeven's, that people just keep producing or is it a bluff? >> producers are loath to cut production. there will be some rationalization. you will have that capex cut, but that capex cut doesn't necessarily mean a production cut. resiliency of output is the name for 2015 and will continue within north america and other parts of the world. >> maybe the production cut a few years

and #brent burns. 29-year-old. well represented at this year's festivitiesen columbus.hallenge winner. make up for the shootout. win the competition. see burns and company state in the all on nbc sports network. should be fun. >> peyton. thank you. >> coming up after the break. valentine's day around the corner. some people looking forward to it. some aren't. >> i'll let you know later. >> lovers getting back at their don't wait for awesome... totino's pizza rolls... ...gets you there in just 60 seconds. go bold with flavors that kick. (humming) oh yeah. (humming) they're magically delicious. ha! very funny, kyle. >> talking valentine's day. strange idea to celebrate valentine's day from san francisco zoo. this is where folks can adopt a hissing cockroach, giant scorpion. name it after your ex. if you've feel look it. >> husband. wife. boyfriend. girlfriend. >> not free. >> for those that want to rememberen other, lemur, tiger, snow leopard the if your relationship is going good. and hissing cockroach and tarantula, he or she well get the idea. >> excuse to play the vid

let's take a look at the brain crude -- brent crude benchmark. down to about $45 a barrel. massive fall. the latest driven by goldman sachs, they see oil going even lower, as low as $42, and no recovery until 2016. that will continue to be a big story. oil price is having an effect on the stock market. that is keeping london close to the flat line. oil and gas in london. the ftse up by about .6%. marsonison sacked their chief executive. >> there has been some controversy over changes to an iconic chocolate brand. >> chocolate eggs filled with goo. the makers had changed the chocolate used in these eggs. it is now owned by kraft. they are now using a standard chocolate mix. the new chocolate have been tested and the best for the cream eggs. many disagree. lots of outrage about this story. >> thank you so much for that. time now for the press review. hi flo. a lot of the papers still focusing on the "charlie hebdo" attacks. >> it was a moving moment. french papers are wondering, what now? let's take a look at a christian paper. they wonder what is going to happen tomorrow. a

brent remarkably at 50.12. trading under 50 for most of the day but getting a little bit of buying or short covering lifting us up. traders are talking about the comments out from opec all week pretty negative in terms of any chance of cutting supply on table and also one of the nongulf opec delegates said these prices are killing us but why your asking me go ask the big guys. so this gives you a sense that within opec there's still infighting and no sense of consensus. meantime the jobs report steve was talking about before having a negative impact on the market today that could potentially have brought oil prices down as well. guys, back to you. >> can feel the resentment building. the day before thanksgiving on this very show courtney regan and steve liesman made a bet on retail sales. steve said the number would be higher than the 4.1%. courtney took under. $100 to the winner's favorite charity. >> i got my reasons why i'm going to win. i looked at the retailer so far released holiday sales, analysts reacti

but at least wti has begun to gain relative to brent and that's the first sign that most of the down ward move is behind us. and by the way, i can't wait to be in new york to see the new digs. they look fantastic. >> thanks, dennis. >> people think tankers move with oil, they actually move counter to oil. but when you start to see the carry trade that we're starting to see now, in the past have you found that to be where relative to a bottom? >> if you take a look back, it's actually not a very good sign. because what ended up happening back in '08 when you had the contangos out to almost $15 for one year carry, we're only you now at $6.80 -- >> $15ed on what denominator? >> $15 on $40. and it was clearly one of the great trades of all time. going by crude, go sell the back month as long as you can sell storage facility and deliver in. worked great. i think we'll continue to widen the contango out and what we see right now will get even farther out. more people will do more buying of tankers. but this is the first time i've ventured in. this is not a bet on crude, but on simply the c

i just read a report, brent could be at $31 by the end of the quarter. we'll see a big drop in crude in the u.s.? >> i don't see anything changing with the supply or demand situation. the currency situation today definitely strengthened the market. look at wednesday, we went up to $51. option expiration, people covered options of being long in the money pit, and we fell long and had a 46 handle by the end of that day. when we get strength in the crude oil market, we can fall apart hard at any time. liz: started monday focusing on copper. focus on what you gentlemen think is going to be the big trade next week? >> talking about what we see from the ecb, if they do not cut rates, it's going to be -- the markets are heading lower quickly. liz: and by the way, i want to mention, we're going to be at that ground zero area when it comes to getting the best comments from it, we'll be in davos, switzerland of all places, speaking to world leaders, world business leaders at the world economic forum, the day the ecb meeting happens, ira, what would be the number o