investors look at the fallen angels that have been hit. we talk about the oil, the energy sector, certain merger markets. there's a value there that's selected, but value there. the market as a whole valuation wise is high up. it's a name-specific market. i think that's important. somee fallen angels offer value. in terms of biggest risk to watch is the currency market. the extent that currency volatility can go to other sectors. >> mohammed, we'll see you after the new year. thank you. >>> coming up next, sony said it will show the movie "the interview" in some theaters. the reaction of what happened when we co >>> sony, it seems, is calling north korea's bluff saying it's standing up for freedom of speech. the defiant studio now said it will release its controversial spoof, the interview, despite hacker threats against sony and any theaters showing the film. where can you see it and is sony planning an even bigger rollout? our julia boorstin has more now. >> look at this. >> reporter: a bigabout face for sony. releasing thein theaters th

but how do you pick one name when so many fallen angels in this oil price decline. that's tough. i'd stay away. >> the cleveland browns are dusting off their help wanted signs. the free agent quarterback passing on the opportunity and the hefty paycheck that goes it. and under the radar, three stock stories you may have missed our traders did not. ♪ oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now - but hurry, the offer ends december 31st. [ho, ho, ho!] lease the 2015 c300 4matic for $419 a month at your local mercedes-benz dealer. you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. >>> at the top of the hour on power lunch today the dow tipping 18,000 for the first time ever being fueled by strong gdp reports. 5% growth in the quarter. so is it full steam ahead for stocks in 2015. now with the dow hitting 18,000 not every dow mem

angeles and san diego. forecasters are saying so far more than ten inches of rain have fallen in northern california. the damage is eye-popping. wind gusts up to 140 miles-per-hour. that same storm knocked down trees in oregon and reportedly killed at least two people. right now, los angeles is feeling the brunt of it. the threat of mudslides and flashflooding. forcing emergency officials to order evacuations and close down schools. this video shows the aftermath of one mudslide. wow. that's 50 miles north and west of los angeles. you can see the debris is piled as high as people's rooftops. and in one home, mud and water spilled out of the living room. >> after five minutes the door slammed shut behind me and i knew what had happened, the mud entered the house, and was up against the door from the inside. >> wow. thankfully no reports reports oy badly hurt in california according to the red cross. emergency officials say california's 0 historic drought and wildfires are making certain areas prone to the earth giving way because the foliage pops out of the ground. williams is in malibu. one of the bes

los angeles' police department say we stand with our fallen brothers putting black stripes across theirce department this morning. >> it really feels like a turning point, like a pivot point. like a moment that we're all going to remember. police officers, unfortunately, lose their lives in the course of their duty pretty regularly. one was killed last night in harbor springs, florida. they are killed all the time, but this was an assassination done for political reasons. and it comes out of a climate of distrust and demagoguery by certain politicians and it feels like we'll look back in ten years and say something big changed in this moment. >> yeah. thank a police officer for their service when you see them. you see the picture of the two men, officer liu and ramos. and we talked about how ramos said the church is very important to im. it's sunday morning when his family would normally wake up and go to church together. i'm sure his congregation will honor him and many churches throughout the country will be remembering the two fallen heroes. if you are going to church, say a prayer f

police officers in los angeles showed their support for the brothers and sisters i was cross the country. lapd held a special christmas eve wreath laying ceremony to honor fallenew york city raphael ramos and wenjian liu. both officers were shot in the head as they sat unside their patrol car last saturday. >> former president bush spending this christmas in the hospital. dinmily spokesperson says the 90-year-old bush is still at houston methodist hospital tonight. bush was rushed to the hospital by ambulance tuesday night as a precaution after he had shorr tonight family members say he is doing well. bush is the oldest living former u.s. president and suffers from a form of pa for for for parkine more trouble tonight for atlantic city revel casino. the conforida development per in mind to buy the property wants a discount. lawyers for glenn straub says in court filing the casino should sell for 87 million, that's eight mel i don't know less than what he the bd at the auction. he says the auction was not fair. a in jdge is set to consider the sale on january 6th. a local animal shelter making sure our furry friends are i dt foyearot and that this christma. sav

fallen leaves when this happens. >> they left the body in the street. >> the latest on the search for a hit-and-run driver. >>> flames in los angeles this morning. an apartment building caught fire about 1:00 a.m. more than 250 firefighters were on the scene trying to get the fire out. they say it was like a huge blowtorch that started to spread. >> firefighter said got in, they were able to cool the building gone before anything took off but they had papers, blinds, window screens that started catching on fire or melting. >> portions of the 101 freeway were shut down and that backed up traffic for miles. no details on the cause of the fire. >>> the battle of the bay, the raiders and their quarterback derrick car looked grated. the 49ers and colin kaepernick they didn't look good at all. ktvu's joe fonzi is here. looks like the 49ers are imploding. >> it was hard to tell which team still had a shot at the playoffs and which team had one win. one season or part of a season you can see a team change 180 degrees when it comes to the nfl. 2011 jim harbaugh was the fresh new football face of the 49ers. leading them to their first playoff appearance i

angeles, santa barbara and ventura counties. this all began yesterday up north in san francisco. about 100,000 people there went without power. they were getting around sonoma county in kayaks. fallen trees and power outages and traffic nightmare just not in san francisco yesterday but coming in today, several freeways in los angeles are closed entirely. and you can imagine what nightmare that is for commuters. martha? martha: it's a nightmare. is there any upside to this, is it a positive impact on the drought there or not really? >> yeah. it is going to help a great deal. it is a slow-moving statewide soaker exactly what we need after two years of the driest years on record. of course the key will be the snow pack. we're getting up to nine inches of rain up north and several feet of snow and that is really the water bank for california. that will be critical. they will be looking at those stations in the sierra mountains later today. but california, december, january, february, as we get 90% of the our moisture that is usable. right now we're getting it down here. it's a good thing. no fatalities, no injuries reported. back to you. martha: william, thank you very much. bill: seei

angeles to a water spout off the point rays lighthouse. a water spout is a tornado over water. >>> the storm saturated the ground and could cause more of this, fallen trees. crews finished removing a 90 foot tree that crashed through a senior living home in union city. two people were hospitalized after the tree came toppling down early yesterday morning. crews are inspecting nearby trees to see if there is the same damage. >>> pg&e crews are working to get power back to all its customers hopefully by the end of the day today. last night crews were working to get 1,000 people back online. this huge monterey pine had to be removed from a driveway. the tree toppled over during the height of the storm on thursday. >> people came out and settled this area in the '40s and '50s. these trees were planted for fast shade. unfortunately, they now have a lot of problems. >> power to majority of cust mores have been restored. crews won't stop until the last customer has their lights on. >> crews are preparing for the next storm which anthony said will return late tomorrow night. >>> in the south bay, a safeway store suffered extensive damage from the storm. lo

fallen in northern california is taking its toll. at least one home in marin county was evacuated. it's the first blood in this particular area in 40 years. more rain expected today. east of los angelesn bernardino national forest, ski resort owners are welcoming another delivery of snow. that should bring the snow level to 5,000 feet in the mountains. these resort towns are turning into winter wonderlands just in time for the holidays. >>> a look at your weather now. the second storm is bringing rain into california and further up the coast. it could move into arizona and new mexico. look for showers from dallas into the northwest and snow showers around the great lakes. >> temperatures in the east 10 to 15 degrees above normal today. it will be much colder today in chicago with a high of 30. and cool in southern and central california. >>> december sure isn't living up to its reputation as one of the best months for stocks. in a roller coaster of a day, the dow at one point up nearly 250 points but those gains were completely wiped out in all three major averages posted significant loss yesterday. among concerns spooking investors, the falling price of oil. >>> another reason is ru

about a los angeles officials say a bit like that is unlikely because of the distance between the cities. >> james: still alive look as satellite and radar we have showers all sure some acid fallen the tech a look at will can expect for the day in the rest of the week. arebouto ma mor deliveries toore aceshan ybod arebouto ma mor ear.eries havthe eed. weave e tenolo. and havthe am. weade er 1billn succesul divers la yea 15 blion otba has season. seba has sean. th is r seon. >> james: visibility behind storm the road and yes today, evening hours and the overnight hours that mainline is often the sea air where a bill would like a lot of sour for the rest of the day to day as he hit into tonight we will see more arise rain through the good news is it will happen while you are sleeping and then wake up with a few sprinkles here is to feature test for the scattered at best and timmy hours the odds are will run into any by noontime pretty much the same story will notice a little more activity in the unarmed missile forces and the san francisco and then as a hidden to the evening hours 7:00 p.m. maybe letter to the evening commute we might see showers began to fire up hopefully they wi