dayal news 24 hours a powered by our 2400 journalists in 150 newsrooms around the world. brendan: i shudder to think of the steps i have wasted making connections in atlanta. prices are having an effect on it shale production. production will be cut by a record 557,000 barrels a day. joining us to talk about it is our energy analyst who talks -- it covers the energy sector for us. what happens when these rigs go idle? what is the time it takes to get them active? guest: it depends. for some companies with hedges in place right now, they will persist. 60% to 70% of t fleet still on contract. almost $30,000 per day rolling off as we go into 2016. if we do not find any rigs in this market, we get to 10% by the first order. down about 35%, but that is how the cadence looks. the opec strategy or saudi strategy in opec has into to break price down the shale producers in the american west. is it even possible to break them? they are not going to be gone forever even if production bks off. guest: the credit and equity markets were open and as the windows start to tighten, some co

dayal news 24 hours a powered by journalists. up, gold is on track for its third straight annual loss. why has gold lost its luster? and currencies, this is been the worst year for fun since 2011. all thanks to the federal reserve. it was a lackluster year for tech ipos. the other unicorns we have heard so much about go public. ♪ to bloomberge back markets. we've been covering breaking news story of a massive hotel fire in the midst of a celebration in dubai. near the scene, we spoke couple minutes ago. it you were talking a bit about plans for the fireworks display going ahead as scheduled. any word on if that's going to continue? >> somewhat unbelievably, the withrities will go ahead it. it seems a rather unusual decision to do it so soon after a disaster like this. it looks as though the entire hotel in downtown dubai is being burned. handing over the downtown area, it is an iconic skyscraper that looks over the entire downtown part of dubai. the latest information is that they will go ahead with the fire display but this buil

dayal news 24 hours a powered by our 2400 journalists in more than 150 news bureaus around the world. >> let's have a quick recap on how u.s. markets closed. markets closed right around the highs of the session. volume is obviously very light. nonetheless, a killer rally for stocks continuing. >> as you say, very light volume. these last three days have pushed the s&p into the green. we've have had volatility. the market is flat. nothing happened. >> i would not have thought the santa claus rally would actually happen this year. chevron added about 37 points to the dow. week, people pointed out that friday was the weird options they. maybe that is what the volatility was at the end of last week was about. >> let's talk about oil. a bear signal taken into the terminal. you are looking at the volume of put options like gives investors the right to sell oil at $20. this goes through june, 2016. get the huge jump from september to october. the higher this goes, the more volume you see, the more heiress investors -- beari investors are. sh the bears'sentiment. >> people making big bets tha

dayal news 24 hours a powered by our journalists in more than 150 news journals around -- bureaus around the world. betty: the latest s&p case schiller index climbing at a faster pace in the year that ended in october. home values are getting a boost from a limited supply of property and improving demand. joining us now is our chief u.s. economist carl riccadonna. from seattle, svenja gudell. i know you have taken a look at the data, made some predictions at housing going into next year. what is the biggest takeaway from the research you found? take away is that affordability will still remain an issue you we are seeing wages relatively flat, especially at the bottom end of the income institution. home values are rising. widenings the gap is and affordability will therefore be a big issue in 2016. betty: and that will push people out of the cities into the suburbs? >> it will touch more people in the city, especially first-time home buyers, who will then consider buying in the suburbs, especially considering inventory is really low in urban areas. more condo purchases, but at some point,

dayal news 24 hours a powered by our 2400 journalists and news bureaus around the world.tention to the top retail stocks of 2015. consumers may still be skittish about splurging, but these companies were in a the competition. topping the list was amazon.com wit. joining me now is kyle stock, who covers retail. if you have to come up with a common theme for these names, was it look, savviness? >> a little bit of both. operationally delivering very well right now relative to their peers, but they are all benefiting from a little bit of a trend. athleisure. scarlet: overpriced sneakers. >> china is also basketball crazy, and they figured out that market. scarlet: there was something about the supply chain in china. talk about that. >> they tightened up their vendor and distribution arrangements, manufacturing. a bit of a new market, so something of a learning curve. scarlet: let's go to o'reilly and automotive. a diy car parts company. we know that people are splurging on cars. this one is counterintuitive because car sales have been so hot. these guys are betting on people

dayal news 24 hours a powered by 2400 journalists in more than 150 bureaus around the world.e quinn. betty? betty: much more in the next half hour of "bloomberg markets ." for your need netflix dose of drama. wall street has enough. a look at the top scandals of 2015. and the oil route dragging down energy companies. the point where it all turns around? ♪ >> we would like to welcome you on bloomberg television am bloomberg tv. this is bloomberg advantage. this is a roundup of what has been a difficult year for hedge funds, as much as we do not like to use that term as a catchall, catherine, it did seem that many of the big ones did feel some headway -- headwinds in that category, catherine. well-knownhad managers, known for their performance do horribly. bill ackman, david einhorn. their funds are down more than 40% this year. and yet there are others who have done very well. exactly. were there strategies that just did not work, and should they be taking january to december is any kind of timeline at all? is that even relevant? : it is relevant for investors because they pay