>>> valerie bertanelli and jeff goldman whip up some competition with the baking championship. >> your baking time begins now. >> i hate eliminating the kids. i wish they c all win. wlfr ahenever a kizds have to go home -- >> the kids thoepg win a $25,000 grand prize. valerie is there to judge and >> i don't think i'm going to finish. >> yes, you are. >> if you're,, stressed, you don't bake as well. >> just an hour and a half to bake a winning dessert, the pressure is on. just ask this 12-year-old ryan wilson. he made this pinata cake. it looks like a masterpiece that no one can resist. she never a cooking challenge but she did another competition you might remember. >> i had battle of the netwo stars when i was growing up. a little bit different. >> and they're off! >> well, i was like me and lou racing cars. >> and who can forget valerie's amazing swimsuit body she signed with jenny craig. she still looks great. today she focuses more on happiness. >> i do want my jeans looser? hell yeah. but i'm happy today. >> and that's what's most important, of course. valerie als message for kir

. >> valerie bertonelli and pastry chef jeff goldman made it their practice to judge kids' cooking. today we're turning the tables and the kids will do the judging. >> i like it. while we were away we made some news. there was a story that came out about peyton manning. there were accusations about him using human growth hormones after some surgery. he blatantly said that did not happen, that was never the case, et cetera, et cetera, et cetera. he did an interview with espn afterwards and he wanted to talk about it and explain where he was during certain times of the day and how he was getting treated for his illnesses. that's when we came into the picture. take a look. >> i did all 35 days, watched hoda and kathie lee, i did all 35 days for an hour treatment, watched hoda and kathie lee. >> all 35 days. that was sweet. >> then people started reacting to it. gq called peyton manning's admission an embarrassing confession. this type of bombshell could devastate a player's career and it was a dark day in the nfl because of that. >> yeah. >> "wall street journal" report tweeted, very d

earlier this week, i spoke with jeff currie, at goldman sachs.bout the impact of several oil price scenarios. it's still not our base case. i think a lot of that has to do with the dynamics that are in play. the $40 a barrel scenario we talked about was a financial stress point. in terms of thinking about at what price level do companies start to hit a financial constraint and adjust their behavior. we are beginning to see the impact of that around $28 a barrel. this last week we saw significant announcements from of guiding production down. the $20 scenario is what we call operation stress. it's when the surplus begins to overwhelm the logistics of the market, such that you and up seeing a disconnect between spot prices and floor prices. night, int last february, in which the february prices disconnected from the forward pricing and cut out the cash and carry, which is an indication the surplus is breaching the system. we have both the operational stress as well as financial , somewhere around $28 a barrel. alix: you also had a note earlier in t

oil, earlier today, we spoke with jeff curry at goldman sachs.n we think about brick dish about reaching the storage capacities, they are indiscriminate where it will happen geographically and what product it will happen in as was the timing. yes, iran just puts more pressure on already oversupplied market whether it's in print or wti, it's open to debate. alix: that was a snapshot of my interview in you can catch more of that interview later today at 4:30 p.m. eastern. his call for oil over the next nine months is staggering. scarlet: he was out front with eight to dollar call it alix: citigroup was first but that's what he's saying. up, the fed is expected to leave rates unchanged next week but a rate cut could be in the line. ♪ alix: welcome back. scarlet: let's get a check on the markets. the s&p 500 and the nasdaq are rising at least 155%. 1.25%. we should note that oil is up better than 5%. wti is now up putting $30 per barrel. it had gotten to a level that was a 12 year low but people said it was far too overdone. alix: it's a 5% swing whi

goldman sachs has a big call out today on commodities saying that despite the new lows that we've seen in oil and the metals, this year will bring a new bull market for commodities. jeffurrie is head of commodities research at goldman. kate, take it away. >> jeff, interesting note. thanks for joining us today. you're saying that q1, we could hit $20, but your base case you're main taping a $40 target, which seems high today. can you tell us what is coming near-term in oil? >> when you look at prices they have come down but we have not seen a follow-through with fundamentals, you have not seen a substantial rebound in demand or contraction in supply. another way to see it, we've seen a lot of financial volatility but we have to the seen volatility in fundfundamen. you had bp yesterday, pet prpet. >> we're seeing diversified commodity companies at a jump for downgrades, there's a concern for that with freeport, glenco glencor glencore. there's a lot of concern about chinese demand. you're saying the latter may be overblown? >> when we look at base metals, the correction process is more difficult than it is for energy. there's no such thing as storage capacity for mets,

and jeff, ted cruz leads clinton still beats the texas senator. >> glor: okay, julianna goldman. a tornado hit cape coral, florida, last night. nobody was hurt but there was severe damage to one neighborhood. at one point 10,000 people were without power. the storm was an ef-2 with winds up to 135 miles an hour. the united states sent a b-52 bomber on a low-level flight over south korea today. the show of force was said to be in response to north korea's new clear-- last week. the american bomber was escorted by fighter jets from south korea. since october there have been a series of disappearances in hong kong. five employees of a store that sells books critical of the chien ease government. today thousands of protestors concerned out to demand answers. seth doane reports. >> protestors carried signs reading today lee bo, towm and me. lee disappeared december 30th. a letter which suggested he was in mainland china, assisting with an investigation. lee was the fifth person tied to causeway bay books to go missing. >> this book shop specializes in the stories that could never be o

some are saying we really might be need a commodities bottom, especially in oil, including goldman analyst jeffurrie on earlier, say the fundamentals may change favorably this quarter. if that occurs, we'll start to bounce back. >> that's i guess the hope. but again, to the point we're making, nobody knows how to forecast or even price this thing. you could talk supply and demand but this is a commodity collapse nobody saw coming. >> commodity collapse nobody saw coming and commodities themselves don't go away, in the case of the metals, the stock piles are tremendous. i do think we're at the point now of this rec conning, where you're trying to see if balance sheets can work at these prices that's what the markets in general are doing. >> i think it's not the commodity meltdown is not a secret at this stage. stock like bhp was $100 stook in 2011 and it's at $20 right now. you're talking about for value investors, this is exactly the time when you're supposed to be buying bhp. >> berkshire was loading up -- >> i'm not saying -- i think it's extremely hard to time these things, when you ask your

. >> let's take a listen to what goldman sachs ahead of xwhod tis jeff curry said moments okay on "closing bell." >> well, when we think about where we come up with 40 at the top and 20 at the bottom, 409 is what we call financial stress. it's a price level in which when you drop through you start to create real risk of credit default, in real shifts in companies' behaviors because of the company stress. at the bottom, the $20 a barrel, we generate that off of cash costs. >> i get that the banks didn't talk about distress in the past earnings season, but aren't stocks, don't they tell us things in advance? >> i believe so. >> are they telling us something in advance of this credit event? >> we may agree to disagree on this thing. i'm not certain what it, but you mentioned copper. you know what's very interesting over the last few months, as freeport-mcmoran has gone when carl icahn announced his stake to the levels you heard currently, not heard one word from him about this stock. it's interesting, as far as i can tell are, he's not added to that position. to me that speaks volumes as to w

goldman sachs' jeff curry was on cnbc earlier today saying while crude could move lower from here, theorst of the panic might soon be over. listen. >> we're not bullish right now, but i'm not tripping all over myself to be the most bearish guy in the room. the material price declines are behind us. if we move from $30 to $20, yes that's a 33% decline in prices and from a trading perspective that's significant but from an economic perspective it's not. >> the bears certainly out in full force today. with us now to discuss it a little bit more a jeff grossman from brg brokerage. great to have you with us. it started with the iran story, people speculating the sanctions will be lifted this weekend but the sell-off today is much more than that according to you, right? >> oshs, sure. i think it goes back to the china news that's still weighing so heavily on this market right now. again, the stock market seems to be leading rather than following us right now. it's holding us down. again, this may be that final blow off that really knocks everyone out of the market here and then we may be abl

goldman sachs said they are going for a market rally. jeff curry is saying the key thing for 2016 will be fundamental adjustments that can re-ballot markets to create the birth of a bull market that we still see happening in late 2016. for a closer look at where oil is heading, i want to bring in a critic of oil predictions, daniel yergin. of thed -- the chairman ihs research. join me from washington. are you a critic? think it is difficult because people are trying to say what will happen to the chinese economy? how much oil will be ran put into the market? -- how much oil put into the market? right now, you know, it is striking. we are in an oil price range. that is where the great takeoff of china and the emerging markets were heard we back to 2003. betty: we are. we are wondering will we experience 2003 all over again? daniel: we are close to it in terms of oil price. people know, they follow the thist -- they knew that friday the ran would get -- irna would get certified. they are going in the context of this global market panic. betty:

goldman sachs probably. she is full of it. he's the who cany uncle and whacky uncles are in. >> coming up next el chap toe. he escaped the law but he couldn't escape jeffcolli. did it lead to this awesome picture? {off-lin {off-line} i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com. hi hey you look good. thank you, i feel good. it all starts with eating right. that's something you taught me. that's why i eat amaz!n prunes now. they're delicious and help keep my body in balance. even this one loves them. you eat prunes? mhmm. it's true, feeling good starts with eating right. i love these. sunsweet amaz!n prunes, the feel good fruit. or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered with over a million new business owners to do just that. check us out today to see how you can become one of them. legalzoom. legal help is h

right to rise usa >>> valerie bertanelli and jeff goldman whip up some competition with the baking championship. >> your baking time begins now. >> i hate eliminating the kids.

. >>> valerie bertanelli and jeff goldman whip up some cmpetition withhe baking championship. >> your baking time begins now. >> i hate eliminating the kids. wlfr ahenever a kizds have to go home -- >> the kids thoepg win a $25,000