>> i'm brian sullivan. let's start with this market and bob pisani at the new york stock exchange. bob, about an hour ago i got many my car and drove up the fdr to make it for this fine program. the dow wasn't doing anything. what happened in the last hour or so? >> a pleasure to see you. don't see you often enough. good to see you down here. the lack of bids. the buyers have dried up and we have had no direction for now, 11 days in a row. the dow movers here, there is no particular pattern here. you got industrials like boeing and caterpillar, tech that is weaker, consumer names, health names. no pattern. just a general droop across the board here. i know this is a holiday season, volume is on the light side, we're getting exceptionally light volume. volume in the big etfs, financial, energy, is less than half of what it normally would be. that's exceptional, even on a

and i am brian sullivan and melissa has a well-deserved day off. your traders tonight, tim seymour, karen finerman, steve grasso and guy adami. tonight on "fast." you have to wait for another day for dow 20k. stocks retreating so just when will the dow hit that magic 20,000 milestone? does it even matter? we'll take to the charts. >>> plus, where is the retail nirva nirvana? consumer sentiment resurging, christmas just around the corner. why are some of the retail stocks struggling so much? we have a special report. >>> and later on, honeywell sending investors a mixed signal. out with a warning after telling investors basically everything was fine back in october. all of that ahead. >>> welcome, everybody. but first, we begin with the risk to this epic post election rally. >> no, we did not hit dow 20,000 today. but we did lock in our sixth straight week of gains. the dollar is surging. and rates continue to rise. so let's start with guy adami. >> yes, sir. >> do you have any concerns that we could get a protracted pullback in stocks? >> i'm alway

what does it say, brooklyn center brian sullivan?s a cogent point. >> can i see the white board, please and the pen? go ahead. >> all right. i said no buy. just because i'm afraid of the space. >> aww! >> if i had to be in the space, then it's something -- long seaburg. >> bragging on -- >> k? >> for me, it's sold to seaburg. and comes back to the -- i'm afraid of the space. there is still uncertainty about what biotech and drug companies are going to be able to charge for the drug. so i don't -- for me, sold to you, seaburg. >> there is your new board. punctuation, cheap, comma and valuation buyer. there you go. two sells and one buy -- >> i don't know. >> what? >> i'm going to show the folks at home what brian sullivan did. you've got to show it to everybody! can't be between me and you. >> it's like your shirt. stop clubbing baby seals. >>> profits from one of the hottest trump trades. more "fast money." this is probably still incorrect grammar. coming up. hey gary, what are you doing? oh hey john, i'm connecting our brains so we

with me at post 9, jon fortt and brian sullivan. welcome. ? thanks. >> great to have you.oining us as well, henry blodget. good morning to you as welp. >> great to be here. >> our top story of course is january net yellin and the fed unanimously approving the first rate hike of the year, the second in the last year. this is the major averages cut early losses and continue to close in on dow 20,000. henry, not eve an rate hike can stall this rally, but the question is whether we're just borrowing from 2015 gains that the point. >> that is the question. i certainly hope things continue to go up. it's changing the mood, suddenly people are optimistic again, it's wonderful, but stepping back, the fed is raising rates. that is generally not good long term for stock prices. and as we've talked about a lot over the last few years, stocks are very expensive on a historical basis. the defense for that is rates are super low. now rates are going up. so the combination long term, actually, doesn't awe fwur well for the stock market. >> you know, true, you and i are so old hands at th

i'm brian sullivan.n, why have stocks turned as cold as the weather? dow 20,000 seems as far off as santa answers where the questions are and where the market is. plus, with just nine days until christmas, the clock is ticking on retailers nationwide, why many may be growing nervous ahead. >>> will the force be with disney as rogue one hits theaters? power up your lightsabers, "power lunch," your father, begins right now.

. >> thank you for taking it easier on me, i'm brian sullivan in for mel liss sachlt for more "optionsction," go to optionaction@cnbc.com. have a great night. >> announcer: the following paid presentation is proudly sponsored by samsung, delivering you innovation and technology and quality connected home electronics, appliances, televisions, computers, and tablets. samsung -- bring it home. how would you like to come home to a house that is fresh and clean? it just feels brighter and fresher. how would you feel about your home if it always seemed housekeeping just left? happy? relaxed? how about if your carpet and floors were vacuumed automatically or even on-demand? the future is here. >> as a mom and as a woman who's in charge of keeping her house

brian sullivan guessed it on the first shot.ake you wait and guess for later. >> we'll call it the adventure of a lifetime. other market headlines on this wednesday. if you're looking to shop at a gnc store today, you're out of luck. i mean everywhere. the nutrition retailer closing all 44064 stores across america, a reset on prices and strategy. stores will reopen tell. as stocks fall you can blame real estate, materials and technology. why? they're the biggest s&p drags now. down 1%, only four of the nasdaq 100 are higher. that goes to bad bread. other winners today, coach, we talked about them, having hot bags. vf corp. and allergan. when stocks opened this morning, the dow began gaining steam and dow 20,000 hoopla was back in vogue. and then the buying dried up. now back to bob on the floor of the nyse. is anybody give a reason? i heard concerns over china growth. maybe we'll talk about that, higher oil. what is the reason that the buyers have fled? >> we're so used to having the dow go up or going sideways that when you get

. >>> i'm brian sullivan. the trend in the last week and a half continues. stocks just can't seem to come unstuck. we're at 19,956. up 23 points. bathleisure or not. the biggest leaders, cisco systems, apple and merck. nike bringing up the rear. down half a percent. tyler, i can see you perfectly, baby. >> that sounds good. welcome, everybody. i'm tyler mathisen. welcome back interest a long weekend. here's what else is happening this hour on a busy tuesday. u.s. safety regulators investigating ford fusion and mercury milan sedans from the 2009 to 2011 model years. issue, possible brake problems. home prices jumping sharply in october with the case-shiller home price index up a big 5.6%. and the conference board says consumer confidence is at its highest level in 15 years. >> two big hours ahead, let's talk the march to dow 20,000 and bring in mark muscini and larry mcdonald. larry, listen, dow 20,000, we'll hit it, maybe today, maybe tomorrow, maybe next year, maybe in 2020, who knows. but we're going to hit it at some point. let's move past that. optimism

i'm brian sullivan. here are your three big headlines right now. first, with with two hours to go in trading, will the dow hit the 20,000 mark today? we were as close as 13 points away earlier. let's see if the market provides any kind of a late day push. second, we're counting or continuing to follow the developing story overseas following terror attacks in germany and turkey. we're live in berlin ahead. >> and third, we're keeping a very close eye on fedex. why? the company reporting earnings after the bell. we bring you the three things to watch when they report. "power lunch" begins right now. >>> and welcome to "power lunch." i'm michelle caruso-cabrera. the dow hitting yet another record high today. as brian mentioned, we came within 13 points of the thus far elusive 20,000 mark. we're oh, so close. but our market reporters are close by. bob pisani on the floor of the new york stock exchange. bob, give us a rundown of what has gotten us this far so far. >> the important thing is to understand why we had the big move from the middle of 18,000

brian sullivan joins me now. brian, let's walk through this. the president-elect is a billionaire.his peers to head up all these federal agencies, and you know, these people are extraordinarily successful in their industries. he said he was going to drain the swamp. he wasn't going to bring in the same people from washington over and over, and you know, remember, people who are big deals in washington are also -- can be construed as pretty greedy. what is so wrong with having such wealthy people in his cabinet? >> is it wrong. i'm going to waffle like a bad belgian breakfast because i think the answer to your question is who do you ask? if you ask those on the liberal side, they say these rich people coming into washington, they're going to extract what they want, deregulate, risk the environment, all this profit from this, and if you ask those on the right, they may say good, because washington is a corporation, by far if it is the biggest corporation in the world with revenues >> cabinet with people that are going to come many and try. will they succeed? i don't know. but they're

i'm brian sullivan. here's what else is happening at this hour. business activity in the midwest slowed just a bit in december. this after hitting a two-year high, however. the chicago pmi falling three points. parts of new england are digging out from over a foot of snow following a powerful nor'easter. some parts of maine may have gotten nearly two feet. down on wall street, stocks on pace to close out a good year in the red. right now the dow, the nasdaq and s&p all slightly lower. however, who knows what may happen in the final three hours. we have got a big couple of hours coming your way on "power lunch." but, we kick things off with a developing story on apple. the stock moving lower on reports the company is planning to cut iphone production by 10% next year. this coming from the japanese firm nikkei citing data from suppliers. they say phone sales are sluggish. let's bring in colin gillis. when i heard this story, the easy way to read it is, wow, maybe they need to slow down production as the report indicated. but i wonder if nikkei is so

the great brian sullivan? >> he said it. did not, tyler. >> just to warn me. >> little touch there. >> that's right. >> all righty. two hours until the closing bell and what a rally we have. look at the dow, folks. up 1.5% or 272 points. another all time high. the s&p 500 also hitting all time highs. the dow transports, they are surging record highs here. this is the first intraday record high for the transports, folks, in two years. telecom, consume er zegs r e er. >> if you look at the list and it is small, get to the movers in a minute. if you look at the losers in the s&p 500, almost all of them are biotec biotechs. if you cdid not have those comments, it is conceivable nearly all 500 s&p 500 names would be higher. wendy's surging 4%. lowe's up 3%. the home improvement chain reaffirming guidance for the year. mastercard on the rise, up 2%. credit card giant hiking its quarterly dividend by 16%. new $4 billion share buyback program. southwest airlines also higher. say the passenger traffic rose 7% from one year ago. >>> t

i'm brian sullivan. here's what's on your thursday menu. we're going to break out your 2017 stock pickers playbook. big new investment ideas just for you and plus, what just happened to housing that has not happened in two and a half years and what one big drug company did that could draw a presidential tweet. we'll explain as "power lunch" starts right now. >> i'm melissa lee. honda is recall

i am brian sullivan. and breaking news from turkey, a russian diplomat shot earlier today has died.y is a member of nato. the question is, what will russia do if anything to retaliate? the big long. a man who nailed the big short during the financial crisis now says he's as long as he can be in one sector. that sector name coming up. and you're going to hear from a ceo of palo alto networks, down this year, but a big time turn around coming as the cyberwars heat up? we're going to

. >>> i'm brian sullivan. the trend in the last week and a half continues. stocks just can't seem to come unstuck. we're at 19,956. up 23 points. bathleisure or not. th

i'm brian sullivan. here's what el

first, though, brian sullivan. what's coming up on power?it's because kevin o'leary says kronys. is that a weird canadian slang for crona? cream filled. coming up at the top of the hour, power lunch. we'll move from breakfast to lunch. are you buying into this recordsetting rally? ownership still at a record low. what will it take to bring all the naysayer back into the market? if you do buy stocks, it's one old school group about to make you some big man on campus type money. and the under the radar names you don't hear a lot about. thus, the under the radar part. that are being are aing up big gains. we have pretty incredible stats for you. power lunch more delicious than a shake shack breakfast sand wichl coming up when halftime returns after this break. what if a company that didn't make cars made plastics that make them lighter? the lubricants that improved fuel economy. even technology to make engines more efficient. what company does all this? exxonmobil, that's who. we're working on all these things to make cars better and use less f

i'm brian sullivan. here are your three big headlines right now. go in trading, will the dow hit the 20,000 mark today? we were as close as 13 points away earlier. let's see if the market provides any kind of a late day push. second, we're counting or continuing to follow the developing story overseas following terror attacks in germany and turkey. we're live in berlin ahead. >> and third, we're keeping a very close eye on fedex. why? the company reporting earnings after the bell. we bring you the three things to watch when they report. "power lunch" begins right now.

. >>> i'm brian sullivan. proof that even the losers get lucky sometimes.g up, a heck of a year, we'll highlight the three dow stocks that really stood out to us for a variety of reasons. we're calling them your dow stocking stuffers. here's a clue. think blue, think yellow, and think gold. those names ahead. plus, why t

with me at the new york stonge at post 9, brian sullivan and mike santoli. both for joining us. carl and jon have the morning off. we have news from the trump transition and john harwood. >> we've just had the transition call with the incoming white house press secretary, sean spicer. he said that donald trump around 4:00 today is going to have an economic development announcement that will be good for american workers. didn't specify what it is, said he wants to keep everyone guessing. don't know if it's something like the deal that he engineered with carrier to try to preserve some jobs that were headed for mexico or a new investment. of course, he met with the softbank president who pledged $50 billion investment in the united states. don't know what it's going to be, but we will bring it to you when it happens later this afternoon, guys. >> and of course, it is a little bit more, john, than two weeks before we are expected to learn about what the president-elect will do with his own businesses. you mention that this will likely have to do with a company

. >>> welcome to "power lunch," i'm melissa lee with tyler mathisen and brian sullivan.ime highs. biotech taking a beating on some drug pricing comments from the president-elect. more on that ahead. we begin with time magazine naming mr. trump person of the year. he's the man of the

brian sullivan. nike under pressure today. worst performing stock in the dow. there it is down another 1%. one analyst calls those concerns overdone. it's our call of the day. sam poser joins us live today from the new york stock exchange. sam, welcome back. >> thank you very much. thank you for having me. >> you say the concerns in the market are "short-sighted". how? >> we think they made some mistakes about a year and a half ago when they were looking at adidas and some of the other competitors coming into the space. we think they've corrected those, and from what we know of what's coming ahead, the stock is reflecting what's gone on in the past, and we think what's coming ahead is going to make it work. especially with a new shoe called the air vapor max, which we think will be an exceptionally large platform launching this spring, and then we think people are just not paying much attention to the fact that they're taking over the nba sponsorship for the next season. 17-18 season, and that's likely to be a huge global boon for them. >> they have ceded marke

cnbc's brian sullivan joins the table. we were going to talk about tim cook.e president-elect, but apparently, he did. first, i want to hear about christine lagarde. what happened? >> what a weird story. christine lagarde is head of the international monetary fund, one of the most powerful finance people in the world. she was convicted of negligence in a french court yesterday. really wonky. >> i didn't know something happened. >> she was, when she was in power in the government of france, effectively sort of their treasury secretary, she approved a payment to a guy that had to be bought out by the government, sort of did it on her own. it was ten years ago. it's a real wonky story. the point is the court found her guilty of negligence, the head of the imf. >> any personal gain? is anybody alleging she made personal gain out of this? >> no, she literally transferred government money to a rich guy for a payment when they bought him out of his company. had nothing to do with her. except that they claim she sort of did it without the full authority of tand the ta

let's go to brian sullivan. he has a question. >> good morning, everybody.that vladimir putin although number one on your power list may also be the world's richest person. i know not officially but a lot of people you talk to say this is a guy that could be worth $1 trillion because nobody knows what he has. number six, janet yellen, chair of the federal reserve. today they may raise rates for the second time in a decade. why is she number six going into next year for eight years all we've had is the federal reserve? as the economy gets better do you feel like the federal reserve is going to lose some power because of the way we approach it visa have i tadvivin economy? >> she's helping control monetary policy and economies around the world. she's been a real steady hand for so many years. hasn't increased interest rates in such a long time. the fact that she now might very soon sort of shows this is so important when she finally does pull the trigger and changes an interest rate and does something to our monetary policy, it really moves mountains and means

the biggest loser and brian sullivan made fun of me for bringing it up.e of the only losers out there. it was cocoa down more than 30% year to date. its worst year since 1999. a large part of the decline coming in the fourth quarter was a simple supply and demand story. the cha bill griffith, a lot of that probably happened in your house at christmas time. >> we don't make fun of anybody here. this is one of kelly's favorite stories. >> i love the juxtaposition of how poorly cocoa was done. >> they don't necessarily have to do with the economy. they have to do with mother nature. we can't product what the weather will do. i separate them out as a group. across the board commodities did very well this year. >> yes, they did. thank you. >> happy new year. >> and to you, too. see you later. >>> 15 minutes to go in the session. dow is down 80. s&p is down 13. vix is up a point and high flying small caps down half a percent. >>> here we are at the end of the year. the market acronym of the week is also his outlook for 2017. what can it be? ♪ youe into wissh ae

and i am brian sullivan and melissa has a well-deserved day off.r traders tonight, tim seymour, karen finerman, steve grasso and guy adami. tonight on "fast." you have to wait for another day for dow 20k. stocks retreating so just when will the dow hit that magic 20,000 milestone? does it even matter? we'll take to the charts. >>> plus, where is the retail nirva nirvana? consumer sentiment resurging, christmas just around the corner. why are some of the retail stocks struggling so much? we have a special report.

i'm brian sullivan. here's what's on your thursday menu. we're going to break out your 2017 stock pickers playbook. big new investment ideas just for you and plus, what just happened to housing that has not happened in two and a half years and what one big drug company did that could draw a presidential tweet. we'll explain as "power lunch" starts right now. >> i'm melissa lee. honda is recall 650,000 honda odyssey mini vans over an issue with the backseat. inventories fell and stocks are mixed on the second to last trading day of the year. the dow is hovering around break eve. one bit of statistical trivia. the dow's point move at session high today, 44.76 points. almost the same as a point move at session low. 44.74. the last time they finished the day the same. 1989. more on today's action. bob pisani is live on the floor of the new york stock exchange. >> we talk about the lack of leadership, the lack of volume. those still apply today. but i want to point out we have seen notable weakness in the banks now. this is the second day in a r

. >> michael lewis, brian sullivan. your new book is called the undoing project, which maybe is a very appropriate title right now because it does appear that the president-elect is undoing in certain ways the norm, the way things get done, the way you communicate. what do you make of what you've seen in the last two weeks? >> you know, it has been very tempting to filter the whole trump phenomenon. what they studied is the flaws and intuitive judgment. the appeal to his supporters is appeal to pure intuitive judgment. so the -- so it has been interesting. what do i make of it? well, one of the great lessons is the world is a far more uncertain place than people like to think and they do things to make it seem more certain for themselves than it is. and they shouldn't do this. at least mistakes. i suspect he's the master of this. but it is very -- the -- the doing project title refers to what they were working on when they broke up. it was how people undo tragedies, they were trying to -- trying to describe how the huma

i am brian sullivan. and breaking news from turkey, a russian diplomat shot earlier today has died. u.s. condemning the attack. turkey is a member of nato. the question is, what will russia do if anything to retaliate? the big long. a man who nailed the big short during the financial crisis now says he's as long as he can be in one sector. that sector name coming up. and you're going to hear from a ceo of palo alto networks, down this year, but a big time turn around coming as the cyberwars heat up? we're going to find out as "power lunch" on a monday begins right now. >>> i'm michelle caruso-cabrera. here's what else is happening at this hour. trading is back to normal following a technical glitch that suspended all trading. french court finding imf chief christine la guard guilty. and stocks pushing higher as we head deep near the average. the dow is about 120 points away from the dow 20,000 mark. we begin with breaking news out of turkey that brian told you about, some of the images are graphic. russia's foreign ministry announcing that the russian ambassador to turkey was assass

. >>> i'm brian sullivan. proof that even the losers get lucky sometimes. coming up, a heck of a year, we'll highlight the three dow stocks that really stood out to us for a variety of reasons. we're calling them your dow stocking stuffers. here's a clue. think blue, think yellow, and think gold. those names ahead. plus, why this could be the absolute best time to sell your house. we're going to explain as "power lunch" begins right now. >>> welcome, everybody, to "power lunch." here is the stat of the day. the dow has been at a 37-point trading range today. that is the narrowest in almost three years. let's get straight to bob pisani on the floor of the new york stock exchange. bob, 20k, what happened to it? >> well, two things, one, volume is drying up as everybody heads into the holiday weekend. the other is, we're trendless now. the leadership groups aren't there and not enough new ones coming to the floor. the market is in good shape. look at the dow leadership. a few of the oil stocks, chevron at a 52-week high. boeing is up, but not other industrials

. >> i'm brian sullivan. >> some of the stocks making big moves today.tent under the financials, moving higher. goldman sachs leading the way. hsbc initiating coverage on goldman with a buy rating. better late than never i guess. disney, one analyst speculating whether or not it could actually get rid of spinoff, sell-off, whatever, espn. more on that in a moment, though. by the way your two worst performers, health insurers, aetna and humana, lower as the anti-trust trial over their merger begins. >>> now let's get to dominic chu with the the nyse for more on another record high for your money. dom? >> we are at record highs except we've given back about half of the gains we've seen near the peaks for the dow. up about 45 points right now. if you take a look at some of the biggest point contributors to what's happening right now, i'll show you right now what's happening with disney. at post 8 gts, the walt disney company up about 1.25%. one of the biggist point contributors trading today. want to maengs here what you mentioned earlier on, goldman sachs.

i'm brian sullivan. well, after being red hot since the election, why have stocks turned as cold as the weather? dow 20,000 seems as far off as santa answers where the questions are and where the market is. plus, with just nine days until christmas, the clock is ticking on retailers nationwide, why many may be growing nervous ahead. >>> will the force be with disney as rogue one hits theaters? power up your lightsabers, "power lunch," your father, begins right now. >> welcome to "power lunch." i'm michelle caruso-cabrera. the dow just turned negative, moving away from the 20,000 mark. however, the index is still on track to see its sixth straight weekly gain. the s&p 500, the nasdaq are also higher for the week. handful of names entering the all time high club. marriott, quest diagnostics, and allstate and all still in positive territory. tyler? >> michelle, thank you very much. welcome, everybody. i'm tyler mathisen. here's what else is happening at this hour. the 93-year-old sumner redstone will step d