fortunately hilary kramer agreed to stay on.r the first question i was going to ask marty feldstein, numbers looking better, particularly under employment the fed is focusing on now, how can they continue this zero interest rate policy which is hurting so many people? middle class savers are being killed by this. wall street loves it. but the middle class is getting hurt by these policies. >> middle class is certainly getting hurt. they're using equity markets as a bond surrogate. eventually the fed has to raise rates. the last time we really saw fed speak i was thinking 2016, set of set of because they keep going back, so this works. so they continue with this. the problem we have $18 trillion on the balance sheet. once that, once tightening starts to happen. that gets loosened up, we could see terrible ramification notice market. david: by the way one of the things marti was going to talk about, there are risky loans, people took out loans thinking zero interest rates would last forever will be stuck holding a big bad. >> that

let's bring back hilary kramer.trading sessions left but what should we watch on friday? >> we want to watch russia, ruble and price of oil. because that is so interconnected. right now we're seeing a lot of strength, adam into the u.s. stock market because russia is where the money is fleeing out of. if russia has to take another step to raise their rates again, we could see ramifications because companies like ge. >> ford, apple, certainly have been impacted. adam: very quickly. russia has foreign reserves in order to do that, don't they? >> no one really knows for sure. right now part of the problem is assets fleeing out of russia and it could really be a cascading impact. adam: hillary, thank you very much. thank you for joining us. before we let you go, wanted to just ask hillary one last question. 2015? >> s&p 2100. we might see a correction in the first quarter but then it is going to be going strong again. adam: you expect oil as some of our guests have said, mid heart of the spring go back up or perhaps ear

hilary kramer, hank smith and mark sebastian. mark, we'll check back in with you see how the s&p futures closest specially after today's rock and roll moments. david: thanks, folks. liz: the cyber at attack on sown any pictures take as potentially dangerous turn. the hackers are threatening movie-goers saying that there would be a an attack like september 11th. david: adam shapiro is doing work on the story. what a dangerous turn this has taken, adam. >> this is first threat of violence against people not working at sony but it is pretty incredible. this is quotes from an email. dow jones news quotes, remember september the 11th, 2001. this threat goes on in the email we will clearly show to you very time and places "the interview" be shown, that is movie interview, including premier, bitter fate those that seek fun and terror should be doomed to. some movie theater stocks should be checking this. not taking a hit because of it. cinemark, regal, carmike all of these theater chains part of this threat. fox business this morning we

here to discuss that, damage schaefer, hilary kramer and james frischling. james, this santa rally will continue? >> i think it will continue a little bit. household institutions, lower gas price, particularly create as nice tailwind. consumer doesn't mind oil. whole another story about oil especially if you live in texas. consumer, spending is up. better for retailers than expected. tracy: dan, if retailers wake up and think they missed a heck of a lot? will they show up in january and 2015 will be much better than we thought? >> i don't think so. i think we're on the tail end of this experiment with the federal reserve. i think retailers will be hit hard. i think consumers are not really spending. the numbers are not much matching what they're talking about especially in the media. tracy: right. >> i feel about that, i spoke to you about this many months ago we're in early stages of deflationary depression in oil prices. gold prices collapse. oil prices collapse. the greens collapse. the bond market keeps signaling a low interest rate environment for a lon

hilarious. >> it's dinner time on the "seinfeld" aquarium set. elaine is eating food. jerry is watching. there's george, he's pretty much always eating. kramerwman is sitting on the table. >> all i really want to witness is the moment where he thought this was a good idea. that moment where he says you know what i'm going to do next? >> it's not a bad idea. >> yeah. >> you know, if we were the cast of "seinfeld," who would be kramer? >> i was going to be elaine. why do i have to be the dude all the time? come on, one direction. what is happening. >> at least you're not newman. >> we're going to be right back. >> you can be elaine. >> i dance better than her. >> you dance better than elaine. >> we're still on, sara. ♪ >> we'll be right back. ♪ >> we'll be right back. zilch. nothing. nada. small potatoes. no potatoes. diddly squat. big ol' goose egg. the new iphone, zero down. zero. zilch. said that already. zizeroni. not a thing. zamboni. think that's a hockey thing. you know what, just sign us up. okay - this way. with at&t next get the new iphone for $0 down. now get a $150 credit for each line you switch. creeping up on you... fight back w