i'm brian sullivan and the traders are getting ready. they're doing that, here is what is coming up. that is what stocks did today, but fear not, we'll tell you how you can still buy protection on your portfolio, plus -- >> that is what crude is doing, and it

i'm brian sullivan and the traders are getting ready. while they're doing that, here is what is coming up. that is what stocks did today, but fear not, we'll tell you how you can still buy protection on your portfolio, plus -- >> that is what crude is doing, and it is about to take down the most important sectors in the market. here is a hint -- and it could spill trouble for the stock. the action begins right now. all right, let's get right to it on a friday night. if things continue to get worse, where do you put your money? let's get in the money and do it right now. >> i think you want to go for some safety here. the things working all year long have continued to work. maybe some high growth evaluation and tech names have gotten hit here. that being said i think they will hold between now and the end of the year. if we get a rate increase, i think you want to go defensive. i think you have to go back to that playbook where rates are low and you're looking for yield. that is a reason that we'll be talking about utilities. i think util

i'm brian sullivan and the traders are getting ready. while they're doing that, here is what is coming up. that is what stocks did today, but fear not, we'll tell you how you can still buy protection on your portfolio, plus -- >> that is what crude is doing, and it is about to take down the most important sectors in the market. here is a hint -- and it could spill trouble for the stock. the action begins right now.

i'm brian sullivan.dy is going to stick with us throughout the whole hour and we have a jam-packed show ahead. stocks are pushing higher right now. the dow is up triple digits, but we have to kick things off with a continuation of the top economic story of the year. oil's continued collapse. you might have heard this one before. now, earlier today we hit $36.52 per barrel and most headlines will say that's a six-year low which is technically correct, but you always must adjust any price for inflation, and if we do that, $36.50 per barrel today roughly the same as $33 per barrel back in 2009, which means we would be below the lows of that year. the point, after adjusting for inflation, crude oil is trading at the same price levels as it did back in 2004 in today's dollars, which means, yeah, we are really at a more than ten-year low for the price of crude oil adjusted for inflation. you heard exclusively from chevron's ceo john watson earlier this week. let's add to the global view with cnbc contributor h

. >>> brian sullivan joins us from cnbc. >>> you almost got it. >>> julie mendelson sent you an emailncess leia knows her value. >>> we'll be right back. this holiday i can count on someone's kid mistaking me for santa. i'm so sorry. come on sweetie. it's okay. and knowing right when my packages arrive. introducing real-time delivery notifications. one more reason this is our season. glad i could help you plan for your retirement. alright, kelly and promise me that you'll try that taco place on south street. and we have portfolio planning tools to help you manage your ira. yeah, you're old 401k give me your phone. the rollover consultants give you step-by-step help. no set-up fees. use your potion. sorry, not you. my pleasure. goodnight, tim. for all the confidence you need. who's tim? td ameritrade. you got this. >>> i have been tested. i have beaten breast cancer. i have buried a child. i started as a secretary. i fought my way to the top of corporate america while being called every b-word in the book. >> that was part of carly fiorina's opening remarks during last night's presiden

john watson told brian sullivan that the sector is adjusting to lower prices by cutting supply. that capital investment will be cut and that he sees oil prices trading higher one year from now. >> there are adjustments taking place in the business. if you look in the united states, production has fallen 500,000 barrels a day in the last six months. the capital being withdrawn from the business, hundreds of billions are being taken out right now. some companies are finishing projects under construction. that's temporarily adding to supply. but once those projects come online and as people absorb the current prices, you're going to see production drop in many parts of the world. >> do you believe that? because every time the u.s. comes down, maybe iraq goes up or iran goes up or russia goes up. we've got 11 million coming out of saudi arabia that we know of. there are countries and companies, john, as you know, that need to keep producing. why are you so confident we will see supply drop? >> there is a natural decline that takes place in our business. as you pull investment out, o

i'm brian sullivan. melissa lee is at the nasdaq and we begin with your markets and your money.ding days left in the year, the dow is close to posting its first annual loss since 2008. and though there is always plenty to be worried about, there is also a lot for investors to be thankful for. let's talk the pros and cons of, john stof fuss and paul hickey are with us. the question of the moment, john, if you're a short-termer, is do you think we're going to get enough of -- i hate to use the term santa claus rally, but i will -- before the end of the year that we will not finish with a down year for the dow. 3.5% is a long way to go in eight days. >> i got to say i think it is, brian, and as you know, i'm usually pretty positive. but it looks like the grinch that stole christmas just might be visiting the exchange but we're not going to give it up. we'll say we go for at least flat to slightly positive for the end of the year. >> flat to slightly positive. not exactly scrooge and marley-esque but not overly optimistic. why do you think this year has been so different than recent

johning us, john kirby and brian sullivan and lee gallagher.the troop levels, john kirby. there has been a growing consensus it seems among the military that what we have there and what the plan has been in terms of scaling back is not going to work. there's been a lot of talk about this particularly for people very much involved in this in congress. we've seen polls that show this growing unease among the american people, that they are more in favor of boots on the ground than they have been in a very long time. is there an active reconsideration going on right now about leaving those force levels where they are longer than we had previously anticipated? >> the president already made a decision to allow the 9,800 troops to stay longer at the rek addition of general campbell. what goes on over the next year, that's going to have to be between the commanders and the commander in chief. this commander in chief has made it clear he's willing to listen and take their advice. i don't think we're at a stage right now where we're going to make that pa

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today. me. >> welcome. >> let's get to the markets this morning. check out the u.s. equities futures. we saw the markets pick up at the beginning of the week but by the end of the week the dow was down by 2% on friday and that did pull the averages down for the full week. you can see this morning the futures are up by triple digits. dow up by 117 points. s&p up by 14 and the nasdaq up by 41. the big story today, oil prices. brent crude dropping to its low. brent is below 37 at $36.50. wti still below $35. down another 30 cents to $34.42. big oil benchmarks have now fallen by more than 2/3 since the middle of the year whe

i'm brian sullivan with melissa lee. the dow is down about 80 points as we look to be headed for your first down year for the dow since 2008. >> so is 2016 going to be better? we've got stats and facts on what happens to stocks usually after a weak year. and is this biotech stock a b biohazard? today it is. it's down 80%. >>

i'm brian sullivan in for melissa tonight. your traders, tim seymour, brian kelly, and guy adomi.onight, karl icon says the market is a keg of dynamite, and bank of america agrees. what one high yield analyst is saying the credit market is about to do and why the panic may get worse. from fang to dang. one of wall street's biggest

i am brian sullivan. tay la tausche will join us from the new york stock exchange and lots to do on this final day of the year but it's tradition time. let's get to rick santelli for the annual new year's celebration on the floor of the chicago merc. rick? >> happy new year, rick. >> it was up there but now, jimmy, it's all on the floor. hey, listen, happy new year to all the viewers, all the investors out there. remember one thing, we still have people in chicago! yeah! 2016 will welcome you. janet yellen, we'll be watching! happy new year. >> all right. happy new year, rick, to you and everybody at the chicago merc. we have some serious breaking news from dubai in a scary situation. here again is sue herera. >> absolutely, brian. here is what we know. a fires a engulfed the address hotel located in downtown dubai. these pictures are coming to us from the associated press. this fire broke out just a few hours before dubai's massive fireworks display was set to go off. it is in the address hotel. it has e

i'm brian sullivan. mand, as you heard, sticking around for another big hour.e have the very latest from san bernardino. we have the ceo and former ceo of live nation and reliant steel on, and angels pitcher c.j. wilson will be joining us as well. that's all ahead. but we have got to begin with oil. it is down big again today. incredibly falling below $38 per barrel. folks, this is not a complicated story. there are 1 to 2 million barrels of oil more per day being pulled out of the ground than the world needs. it's a classic case of over supply and under demand. look at this. 20-year chart of crude oil. the recent nominal lows were $33.55 per barrel hit intraday back in 2009 at the very height of the financial crisis. in today's dollars, that's about 37 bucks and change. in other words, we are nearly at more than a decade low for a barrel of crude oil. unless you are a owner of oil related stocks, probably a win for you because wholesale gasoline prices are also falling. that should put more money into your pockets, but if you are an oil investor, unless you're

let's go back out to california and brian sullivan at the california milken summit. go ahead. >> all right. thank you very much. before we get to the next interview, few folks remember we have the things called the power city index. it is here on cnbc and power lunch. there are 40 different stock indices that we follow. we can tell you which cities are doing well in the stock market every week, month, year. averaging up this year in the past 12 months, the number one city for the stock market according to our power city indexes is raleigh, north carolina. the average gain, 29.9%. look at that. charlotte, number two. north carolina doing really well. you have seattle at number three. san diego at number four. and then silicon valley, california, number five with 17%. there is a reason we bring these up now. joining us now is the milken institute where they're unveiling right now on cnbc the best performing cities for 2015 which is a far more scientific study than we do with the stock market stuff, ross. how many metrics do you do in creating best performing cities? >>

i am brian sullivan.ay la tausche will join us from the new york stock exchange and lots to do on this final day of the year but it's tradition time. let's get to rick santelli for the annual new year's celebration on the floor of the chicago merc. rick? >> happy new year, rick. >> it was up there but now, jimmy, it's all on the floor. hey, listen, happy new year to all the viewers, all the investors out there. remember one thing, we still have people in chicago! yeah! 2016 will welcome you. janet yellen, we'll be watching! happy new ar

nbc's brian sullivan. >> relax. it's holiday season. no tie.big story this year. opec saying it's probably not getting any better. they think demand will continue to weaken. they're not predicting 70 buck oil until the year 2020. that's bad for states like north dakota. it goes into our second story, the census department out with their population shift data. guess what? it's a big political story too. states like north carolina are gaining population. a lot of these political swing states when they reapportion the electoral college votes, some states might add people. north dakota added the most people but the oil bust might hurt the trend. coal states tend to be losing states. if you're a pfan of the beetles. they will be available streaming as of tomorrow night. spotify, apple music. i'm going to say something that will get me in trouble about the beatles. sergeant peppers was not their best album. it was a derivative response to pet sounds. i can't get on board the sergeant pepper train. >> no need to apologize. a lot of people say abbey ro

and then you've got to bring in bomb teams. >> this is brian sullivan.nk you for joining us on short notice. >> sure. >> the reports are that these shooters were in camouflage, perhaps. we don't know body armor. they were apparently wearing masks. they have not tried to disguise themselves. they are obviously trying to make a point. is there anything that we can glean from the fact that these shooters were masked up, were apparently in camouflage, were obviously trying to disguise their identity? >> well, i think the first thing that you can take from this is that they really did not plan to be captured, therefore they didn't want to be identified. if they pull out their mask, they could be just like me or you. >> take us through in term of how you change the investigation. the more minutes that pass by, they could have hopped on a freeway before it got shut down, etc. >> oh, yes. and therefore you can't bring in enough people at this stage. the information i have is a public golf course across from this facility. it's just massive the number of people y

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today. brian, welcome. >> welcome. >> let's get to the markets this morning. check out the u.s. equities futures. we saw the markets pick up at the beginning of the week but by the end of the week the dow was down by 2% on friday and that did pull the averages down for the full week. you can see this morning the futures are up by triple digits. dow up by 117 points. s&p up by 14 and the nasdaq up by 41. the big story today, oil prices. brent crude dropping to its low. brent is below 37 at $36.50. wti still below $35. down another 30 cents to $34.42. big oil benchmarks have now fallen by more than 2/3 since the middle of the year when the selloff began. it is worth noting that the january wti contract expires today so you very likely will see higher prices for wti tomorrow. in the meantime gasoline prices dropping four cents over the last two weeks. the lundberg survey puts the nationwide average at $2.06 a gallon. that is the lowest we've seen in over six years. with more on the oil story and

. >> let's get to brian sullivan, see what is coming up on the second hour of "power lunch." >> you were talking about nike and china. before we get to the menu for next hour, want to show wlau is going on in china right now. look at that. if you can see through it. beijing still under red alert because of dense smog. get this, levels of certain particles in the beijing air are 20 times the level that is considered safe by the world health organization. the red alert expected to be lifted tomorrow. hard to go jogging in your new nikes if you can't breathe. all right. let's move on. we're going to dig more into that huge miss on the housing numbers. the question is, was it just a one month inventory wonder or a sign of tough times to come? plus, what are the best places to invest next year? your market guest has ideas. we're going to bring them to you. and history says that when a ceo does this one thing, it may be a great time to sell the stock of that company. the ceo of the company you know just did that thing, what that thing is and who the company is all coming up in the next hour. w

first, over to brian sullivan for a look at what's coming up on the second hour of "power." >> i can't with that. i like this song. why this could be the start of an epic holiday stock rally and where you can find some big students before year end. also, the winners and even some of the losers in this record warm christmas forecast. and can you name today's mystery chart? this is the best performing nondeal stock in the s&p 500 over the past month. i guess i'll give you a hint of square pizza and granola. does that help? i don't know. we'll give it to you. a lot more to do. robotic reindeer, drones crashing on skiers, "power lunch" coming up. hi watson. annabelle, your birthday is tomorrow. i'm turning seven. what did you ask for? a princess. and a pony. you like things that begin with p. i like pink frosting too. will you have a cake? yeah. i was too sick to have one last year. the data your doctor shared shows you are healthy. are you a doctor? no. i help doctors identify cancer treatments. i want to be a doctor someday. i can help with that too. watson, i like you. >>> this is the f

but first to brian sullivan for a look at what's coming up in the next hour. >> tyler, thank you veryh. we're staying on the brewer bond story you just hit with two big guests including bill gross. we're going to ask him if he's a buyer of certain bonds right now and what all this means for your money and then guggenheim's scott meinert on why he thinks some of the mutual fund pain may just be starting. don't miss knows interviews. plus a list of the three hardest hit funds right now. is one that you own on it? and something happened in energy today that hasn't happened since the movie "casino" was in theaters, and bill clinton was only halfway through his first term. it's not oil. we'll tell what you that 20-year high is coming up. stick around. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bot

i'm melissa lee along with brian sullivan. oil is getting knocked around today, no surprise. in the last six months, crude is down almost 40%. what a tumble. >> also, natural gas, did the nat gas trade just run out of energy? it's had a huge week but it is down again today. what is going on, melissa? >> and a year ago brian made some pretty brave and bold predictions about 2015. today we will show you what he got right, what he got wrong, and why he should really pay attention to brian in 2016. >> no, no. as i write, put on your gloat coat because i blew it. >> i didn't make any predictions. >> next year you will. >> next year maybe. >> next year you will be on the hook. tyler is out. you just saw mandy on "fast money" so here we are and here is where we are in the news. crude oil prices plunging again, now back below $37 a barrel, and once again global crude prices, brent crude, have fallen back below the u.s. traded price. it is hard to believe that just a year and a half ago oil was above $100 a barrel. we are down nearly 70% from those highs. also on your radar, natural g

brian sullivan in the meantime back at hq, you have a news alert for us. >> it is the weekly rig count. it's the biggest decline in the number of oil rigs we have seen in a long, long time. the number fell 21 last week. now, we're not seeing much of a bid come into oil here. we're still down at $35.68. we're at $35.70 right when the baker hughes numbers came out, so we're not seeing any kind of a lift. one wonders if we continue to drop and it's the biggest drop in a while, if that will put a bid or a floor under the price of oil which then, guys, could put a bid and a floor perhaps under the price of some of these distressed junk bonds that we have been talking about, by the way, for a number of months on this program, so oil rigs down 21. no change yet in oil, but the biggest drop we have seen in a long time for the number of future drilling rigs. guys, back to you. >> you see the numbers there, 35. not moving down on that news very much, the price. >> not seeing anything. i was hoping, tyler, it might be enough to put a floor under the price, maybe even see oil -- force some of thos

i'm brian sullivan with melissa lee. the dow is down about 80 points as we look to be headed for your first down year for the dow since 2008. >> so is 2016 going to be better? we've got stats and facts on what happens to stocks usually after a weak year. and is this biotech stock a b biohazard? today it is. it's down 80%. >> and the new monster of the sea. no, not a giant squid or chris hemsworth's biceps, there's a gigantic cargo ship in operation. look at that thing. it literally is a monster ship. i know, and we are going it talk about how this could change the shipping business forever. tyler is out all week. you just saw mandy doing "the halftime report." >> a lot of swaps going on today. >> stocks are sinking on the final trading week of the year. major averages down a half a percent overall but it's not all bad this year. if you own these stocks, treat your family to a nice dinner soon because you have made some money. netflix up 135%, amazon up 115%, activision nearly doubling this year and nvidia up more than 60

i'm brian sullivan. melissa lee is at the nasdaq just for you. we begin with stocks and oil.low oil means more money in your pocket from gas savings. we get that. but low oil is also what has largely been dragging down the value of your investments. do you need proof? we've been talking about this for a year. if you do, here you go. exhibit a, that is a chart of oil and the dow. the bottom line, if you care about where your investments and your retirement funds are going at least in this variety, you must follow the price of oil. if you're listening on the radio, trust me it's a shot of the dow and crude oil and they are tracking just together. so here is the question. where is the price of oil going from here? now, most analysts did not see the oil collapse coming. most. but not all. your next guest did see it coming, and he warned his clients earlier this year. rob mcnally, the founder and president of the rapidian group. this is his first time on "power lunch." welcome, bob. >> honored to be here, brian. >> that's a strong word. i'll be nice now. what did you see that made

into what brian sullivan termed two years ago, the santa claus rally territory, so i think the setup that's going to surprise a lot of people. >> when you say "rip your face off rally," what are you talking? is that 5%, 8%? 10%? what do you expect? >> i think it could make new highs by the end of the year, new all-time highs. >> and that's based on the fed simply coming out, raising 25 basis points and saying that it's going to be a slow and steady march? not looking for higher rates any time soon in. >> i think that's exactly what janet yelp's going to do. i think she's a gradualist, steps back, sees the impact on the economy, on the financial markets, on the real estate market before another rate. >> why do you think stocks are undervalued here? people think they are fairly valued, some people think they are overvalued talking about 18 times earnings. >> well, it's not 18 times earnings if s&p's bottom up operating earnings estimate is near the mark next year, around $ $127, and they are not as cheap as they were, becky, back on august 24 when i said the market's going to bottom to

brian morris. criminal investigator martin sullivan, christopher delzato and michael braconi for their tireless efforts that led to today's actions. at this time i would like to introduce michael har "pst" ra from the fbi, and he will provide you with additional details after which the director will address you. thank you. >> good afternoon. described by securities and wire fraud trifecta of lies, deceit, and greed. as charged martin shkreli targeted investors and retained their business by maintaining several misrepresentations and omissions about key facts of the funds that he managed. the hedge fund, however, was essentially worthless. at this point he along with outside counsel evan grabel conspired to create a series of agreements detailing the payoff to msmb capital investors without the approval of the board of directors. in the end the settlement resulted in investors suffering a loss in excess of $11 million. while the charges announced today are significant, they are but one example of what's left to come as the fbi continues this investigation. many thanks as always to our partners there the

brian, thank you. >>> we have some new numbers into our newsroom here. all but about five customers are without power after an equipment malfunction near middletown. last night about 52,000 people, mostly in orange county, sullivan county, and pike county, pennsylvania, were in the dark. according to orange and rockland utility, there was some sort of equipment malfunction in the middletown area. that set off all these problems. the outage left drivers a little bit puzzled. >> i guess they kind of just stopped for a second. everybody kind of like braked, and we all looked around at each other. it was just like, is this really happening? >> again, not a lot of outages left. the remaining ones are in orange county. we're told everyone should be back online by 11:00 this morning. >>> this is not related to that power outage, but there's an investigation into a shutdown at the indian point nuclear power plant this morning. shut down because of a reported power loss to several control rods. no radioactivity was released, according to the company. that plant supplies one-quarter of the electricity to power new york city and westchester county. >>> turning now to the massacre in san bernardino. here's the latest. tonig

brian. of course i'd like to recognize the republican staff director julie ann sullivan who leads the team with patience, skill, and determination. amy jones who was a firm and fair negotiator throughout the entire process. and last but certainly not least, our senior education policy advisor brad thomas, sitting here patiently beside me today. according to our most recent estimates brad has spent more than of straight days here at the office working out the details of the final bill. we could not have done it without his knowledge, expertise and education. brad, we are grateful for your service. again, because of the hard work of both republican and democrat staff on the education work force committee as well as the staff of senators murray and alexander, we will soon have a new education law that helps every child in every school receive an excellent education. i would remind all my colleagues that when we come in to vote later this amp, it's a buynary chiss. -- binary choice. you can vote for this new direction, give our children a better opportunity, or you can vote to keep no child left be