what else is in play for david wu? ♪ scarlet: i'm scarlet fu. what did you miss? trade ideas for 2016? china and the yen was a big idea . let's start with europe. how do you want to be positioned? us a dollarry tells tends to rally into the first fed hike and then falls solved. this time especially so. there is aing fundamental reason for the dollar to weaken, but i think given its positioning the risk ofthe euro could have a run 112. is going into q1, by the three last fed hiking cycles after the first fed hike, the u.s. equity market fell off. i think if that happens we could see the euro going higher. i want to go into your other trades for the year. dead.annie mae what is the idea here? guest: regardless of who is going to get into the white house, there is going to be a tremendous bipartisan agreement something has to be done. they have been dragging their feet about what to do with it for some time now. i think they are very profitable. we need to get out of this business. think it was a guaranteed. the housing market coming back actually makes it less likel

addition to that, there is, perhaps, a currency risk as well as the bank of america currency strategist david wuays it should decline as much as 10% against the dollar. that would be bearish for emerging markets and commodities and companies like comments that depend on that. joy global being downgraded to underperforming versus neutral as well. the price target there is $10, global coal in the industrial metal outlook is as bleak as ever. bad news for joy global. i wanted to show you a couple charts on the bloomberg terminal. one of them shows valuations of u.s. construction stocks, construction machinery stocks. they traded nine times -- enterprise value to -- that was at least in november. what you're looking at here is the construction and machinery stocks as a whole, the white line, caterpillar alone is the orange one. up here, the s&p 500. you see the discount at which the stocks are trading because of the recent underperformance. then, look at if there is any sort of -- any sort of outlook that things will improve. you can look at freight growth in the second half of 2015. you can look at

wu onn also catch david the show today. it begins at the top of the hour as we hit the close.business stories in news right now. this is the year wall street discovered cord cutting. media stocks are heading for the first annual decline in seven years. the growing number of americans who are dropping traditional pay-tv packages. disney worried investors in august when it revealed espn was losing subscribers. the biotech company formerly run is filing foreli bankruptcy protection. nasdaq this attitude do list the company's shares earlier this month. wasier this month shkreli arrested unsecured charges related to another company. billionaire investor carl icahn has won a bidding war for a car repair and auto-parts chain. the japanese tire maker bridgestone refused to cap his takeover offer of more than $1 billion. has 800 locations in more than 30 states. shares of weight watchers have surged almost 30% since oprah ebuted a campaign endorsing the program. they have piled on the pounds there. it has renewed optimism about the company could investors are betting she can revive the

phil: we have learned david vasquez did not follow safety procedures including setting the break before studying the mesh janet wu is live reaction from the governor. >> the governor all but said the operator is responsible for nine minutes of terror for the passengers. the incident also points to some of the biggest weaknesses. >> i want to stress at this point, the investigation is ongoing. but we do believe this was an isolated incident, one that required an individual to make multiple mistakes. >> that individual was conductor david bosco' s, a 20-year veteran of the t. he left the train yesterday morning to switch a bypass toggle because of a signal system failure that occurs frequently at the braintree station. but in order for the train to move, two brakes would have to be disengaged and the trottle or cineston would have to be in the forward mode. the transportation secretary would not confirm a cord was wrapped around the cineston, but -- >> in any way a wedging or restricting in the movement of the cineston is a prohibited act

david: just great. stephanie: as a thank you, they should send you the wu tang album. , what you are reading on bloomberghanie:stephanie: it is time to look at the stories trending from bloomberg news. here's a look at the top five. we are talking energy prices exciting, bond maturities been extended. morgan stanley cutting 5% of the equity trading staff and hedge funds are seeing more go down than the previous quarter. cory johnson, what are you liking in the terminals? corey: my favorite story is about the ceo of whole foods. cumulative he is the -- he is the queue leading 338 days of vacation. he has a saved up and he sets the tone for his company and this guy does not take time off. because this money is owed to him, they had to put it into the proxy savings for the company. a wonderful story on the terminal today. andrews mila and went there and found a bunch of come these were the ceos are owed a lot of time off but they have not taken up because that is the way they do it. david: the companies i have worked for, they do not let you do that. corey: this is a great day, proxy. in some places, you do

david westin. stephanie: i am stephanie ruhle. we will have a guest from jp morgan asset management. 2016, guess who else is in the house? keri geiger, giving us the latest on where the wues today when the ship sank near turkey. six of them were children. at least 3500 people drowned this year trying to reach europe. syria's foreign minister says his government is willing to join talks aimed at ending the country's's civil war. diplomats will return to geneva next month to consider a russian proposal. it is not clear up the future role of president bashar al-assad. the man who admits to killing three people at a planned parenthood clinic in colorado his own lawyer. results of his mental exam are pending. news 24 hours a day, powered by 150 euros around the world. world.aus around the matt: let's look at futures, unchanged on the s&p. dow jones up nine points, nasdaq up a little bit, really, little changed on this christmas eve, a shortened trading day. i forgot to remind you around the world, that at home i am sure you know that markets are closing early today. look at crude here. it continues to rise. it is $7.83 a barrel. $37.83 a chart -- barrel. this is a chart, sho