jon fortt, your reaction to these accusations of racism?ensitive, the jokes may be bad, but i don't think on the face of this this is racist. they may think it's funny, yeah, probably he doesn't, naming all these movies with black people in them. if they were going for offensive, i think they could have been more offensive, but i can't imagine how many e-mail searches they're doing now and hitting delete. >> it was a reference to a -- and just an unexpected i guess -- was that unexpected? >> you mean the hacking? yes, there's lots of hackers out there. >> i've had people in the last couple days saying give me a call. i wonder if this is more chilling than anybody has suspected, because you say anything -- and all your private e-mails are out there. >> forever. never go away. >> no context, nothing. >> we're all back to the phone. >> dr. jay? >> don't put it in pictures, don't put it in writing, kelly. >> how about pictorial or otherwise quick final thought, what you are watching tomorrow? >> i'm going to see whether or not we can settle at

jon fortt, kayla tausche with us as well.out 82 points as energy pulls a lot of components lower. we want to approach the end of the year with

jon fortt with us as always. on a day turning a little rough. dow down 182. rough owl morning.cks likely to stay in the red for the week for the first time in seven weeks. our eyes on crude down more than 2% in trading this morning. and dow is a couple hundred points from testing that 50 dwa moving average. once again we continue to talk about the spillover effects. because oil, it's not how much it's come down although that's amaking but how quickly. >> people forget that commodities when they correct don't touch the sides. in the nineties we saw oil go from ninety to eight on nine. and it was a rapid decline. and everybody is talking about oil all day long. if you could choose between two oil prices for 25 20 15 as an s&p investor which is what i am. $100 or 40. which would you prefer for the economy. >> does it matter what names you currently hold? >> 20% of the names in the s&p and somehow associated with the transportation or extraction of oil. those guys are the toast. what about the benefit from the low impact cost of oil. i want to see oil at 30 bucks. bring it down so

jon fortt is out. kayla tausche is here. interesting market day. dow is down about 46. worst loss in a couple weeks which tells you something about the environment we've been in for a while. first up, another twist in the sony hack. according to reuters, u.s. investigators now believe north korea hired from outside the country. now security experts are the starting to question whether north korea is behind the hack. the insider story had been out there until the fbi came in strongly. >> from the business perspective isato ato story is basically over. it's pretty dramatic if the administration got it wrong. who actually caused it now is sort of irrelevant to the business. >> a few experts have come out and said i don't think it's north korea. we have reason to believe maybe it is russia or china. we may all have our theories but the only entity that has the visibility to trace back, to back all the layers of the onion to see where this e originated is the government. and at this point you have to trust they are using that intelligence and they would not come out publicly

john steinberg and jon fortt. let's start with the markets this morning. the dow is down about 115 points. close to lows. energy and financials once again taking their toll. bob pisani on the floor. >> if it wasn't for chevron and exxon we'd be down about 80 points. they are about one-third of the decline. and there is your weakness. the spider, this is the biggest etf out there. everybody play this in and out. volume is not particularly unusual. so what we're seeing is lack of buyer enthusiasm. but remember you can go broke on low volume. what is significant on volume is high yield etfs. these have had among the highest volumes of the year. that is a new 52 week low for the gyg. the other one, we've told you many times about 16% the composition are shale place. and that is a major reason we're seeing weakness. new lows all over the place. commodities are also -- other commodity names are also among new lows. we all know how terrible a year it's been for some of these names. particularly iron ore like vale have not done well. costco keeps firing on all cyl

joining me today, chris whalen, contributor natalie morris and jon fortt and "fast money" trader briann, what amounted for the loss of momentum into the close do you think? >> options expiration obviously today. i don't read a lot into either a big update or a big down day with the cross currents. see what happens on monday. i thought it was interesting after the oil markets closed, the pits closed, saw a big ramp in oil and that potentially has ramifications for monday if it continues. >> we did see a move higher there, chris. what do you make of it? is it just a technical bounce? is it a sign we have put in the bottom? >> i don't think we know about oil prices per se. clearly the stocks were oversold and panic selling in the bonds in high yield. those spreads starting to come in and good news and getting out of danger territory and when that 30 and 10-year spread versus high yield is too wide and that's a bad sign. it even suggests that the fed might have to change policy so, you know, we'll see. your earlier guests were saying, oil will stabilize in the 60s simply because of demand.

with us jon fortt. dow is down. a bit of a selloff led by telecoms and some technology. energy one of the few sectors in the green. european close in about half an hour. we'll see if that alleviates. maybe folks over there using our markets to rasz cash. >> could be. a few interesting names. gopro down near -- of course it's low low was that $31 close its first day of trading. it is still up more than double from that level. but 65, is a pretty low level for them. we'll see. >> and tesla down for an 8th consecutive day. mary. >> it's a turn around tuesday. we've seen at lof o sectors and areas that have been strong. they have turned weaker today. a quick look at the an interday chart of the dow. we were down about 225. we have come off those levels recently but look toot v lly lo. there are some concern that invest rers getting increasingly nervous. the vix about it highest since october or so. one area we're seeing the fear reflecting is the move in the dollar yen. dropping below that 120 yen level right now. it's been some ti ee' it's. another area where you could see

jon fortt's here. sarah said a moment ago. gdp revised for the third quarter. 5%. well above the estimate. and the best back to back quarters we've had in about ten years. >> tnumber of stocks on the roa. 18,000. let me show you some stocks that moved the dow up here in the last few moin months. visa is the big one. we're at 220 there a few months ago and now 265. nice move up for visa. healthcare has been a big leader. united healthcare was in the 80s, back in july. now you see it at 102. that is a 25% move. since the dow 17,000. broad groups here. financial, healthcare, now industrial. 3 m was 140 something back in july. now 167. so i'll show a little more as the dow nears a close. and the bio tech etf. and that is why the nasdaq by the way is down here. that's kind of spilling over today. we had a miss in housing again. two bad housing numbers or disappointing. november new home sales below expectations and yesterday existing home sales below as well. and the itb which is the etf for housing is on the upside today. those are the little on the disappointing numbe

jon fortt, kayla tausche here with us. lot going on the. the dow up some 65 points. lot in terms of the nasdaq as well. apple close to flat line after a tough morning. price target upgrades at bank of america. some of the decline might be note to a bearish an dri hargraves who says iphones seemed to be priced in with more likely to flow after the strong first quarter. andy, good to see you again. >> thanks for having me. >> you've been a tough one to convince, especially coming into the apple. or the iphone 6 launch earlier in the year. what about the cycle don't you like? you just don't believe that the six is not going to get more new users than replacements. >> we've always been pretty big believers in the iphone 6 cycle. our issue is what comes after. and specifically that yeah, you are that much closer to market saturation at the high end and you are probably going to pull in some demand with this cycle in terms of replacements and that makes the comp a lot tougher. and growth then looks like it decelerates significantly into 16. >> you admittedly say shipment d

jon fortt, kayla tausche with us as well. dow down about 82 points as energy pulls a lot of components lower. we want to approach the end of the year with conversations about valuations haney. a lot of people are getting worried about some of these levels. we're going to get new fantasying news on uber as well. >> i think there is a valuation inflation going on in the market. by and large probably two x higher than it should be. however within there that there are some unicorns that that are actually undervalued. companies outperforming and i think are still undervalued. overall there is a valuation bubble on specifically case by case some are undervalued. secondari secondarily business is doing well. these are actually businesses that are doing well. >> what is it that quieted the chorus though. think back to april and david einhorn and richard chilton and loeb and yellen all saying the market and tech especially may have gotten over heated. david einhorn in particular calling it a bubble. and even though we made up momentum

jon fortt, cale kai la, of course, as always. first up, cyber monday. more and more continue to spend online for the holidays. according to adobe, both thanksgiving day and black friday saw double digit

jon fortt was talking about it last night on closing bell. great job covering it.>> web bush loves hog. >> and there are a lot of good reasons why. when you look at the innovative size and the margins and commitments a lot of reasons to like this. >> janning cutting its rating. >> and they are citing oil prices and fluctuations. i don't think that is the story here. frankly they sell more than gasoline and with more discretionary income i would expect earnings to go up next year. buy costco here. >> sea world has been in a world ever since that black fish documentary. >> ceo, aqua man their ceo is stepping down. i've never seen anything like this. this was like a private equity thing they put back out as an ipo. it is down 60% in the last year. it actually when you look at the chart it looks like an energy stock that's been crashing to such a degree. they must sell whale oil. i have no idea why would be in this name. it's universally bad news across the board. >> hey on that popular note. oil's effect on the emerging markets. who are the winners and losers? j.p. mo

jon fortt, and kayla tausche.ore that bob pisani on the floor. >> the leadership has changed notably since the open. the you look at the board in terms of sectors which is the right by a way to look at the market quickly. tech, healthcare, industrial, fms, hey these are the rigight names to lead the rally. and certainly good they are holding close to where they were in the highs. all ten sectors in the s&p 500 are on the upside. when i started here at 9:30 on the air energy was far and away the leader. look at the xle. the energy etf. the simple way to own the s&p energy sector. 's been straight down seanince open. the problem as you might guess is oil. oil has been just all over the place the last two days. up and down and up and down. we started on the upside and it's been straight down. hitting the lows for the day right now skma haes what's been pulling energy down. ask anybody down here what would help the stock market other than the dovish fed and they will tell you some stability in oil please. so you saw o

john steinberg, jon fortt and kayla tausche with the dow. about 114 points away from. firms saying that a lack of competitive momentum from android rivals should translate into further gains this quarter. >> those are really high levels. if you go presplit. so multiply this times seven we're getting into thousand dollar plus territory and remember it tanked just after it hit 700 a couple years back. all that to say i think you got to be really, really optimistic to see iphone momentum continuing from here. yes, they expanded the weeks of inventory from four to six to five to seven. so that means it is going to appear to ship more over the next couple quarters because of that. but beyond that you have to be counting on amazing features in the 6 s for this to continue. >> this is not just a price call on the iphone the report also takes pains to say they did channel checks on the ipad air 2. called best buys around the country. 90% of those best buys were sold out. >> this is a contrarian call on the i-pad. they show it basically flat a year ago and show it returning to

there is a lot of chatter in the news room anticipation about dow 18,000 but everybody buzzing about jon fortt and his moves on the dance floor last night. >> well, you know. i don't get out much carl. scott you have seen me at the correspondents dinner. i don't get out much. when i do i leave it all on the dance floor. >> yeah you do. >> over the rick and the santelli exchange. >> good morning kayla. 321,000 jobs. 5.8 unemployment. really doesn't reflect the true nature of what's going on with regard to unemployment of course because of the participation rate still hovering at 62.8. but still good news in report. up .4 average hourly earnings. a step in the right direction. and political aspects came into the marketplace and i understand after the crisis maybe a normal response. digging into these numbers is something that's always been done. now when you see a lot of extra digging many say well, you know, can't you just say it is a good number? well it is. but to be fair, places like zero hedge, smart market. pointing out the disparity between part-time and full-time. and with the average ho

great to have you here jon fortt is off today. kayla is back. welcome back.hristmas eve, dow is a up a couple of points. and we're up for a the time honored tradition here. the rendition of the "wait till the sunshines nelly." and we're going to hear from them in a moment. and sony changing minds against and decided to release "the interview" tomorrow. they are excited our movie will be in a number of theaters on christmas day. paul brown is the owner of the terrorist theater in charleston, south carolina. which in fact will show t"the intervie interview". >> good morning. >> we're good. we talked to one other independent theater chain this morning and said sales are pretty good. same with you? >> crazy. we're generally not an advanced sale type theater but the phone doesn't stop and the online sales don't stop. it is -- it's great. >> a good place to be for an independent theater. especially at this time. >> yes. >> walk me through the security plan. are you working with local police? >> yes. we're working with -- >> who will be there? >> we're working with

jon fortt is here on the floor of the nyse with more on that. to take a piece of them. >> uber might have had a controversial november in the press, but there doesn't seem to have been much controversy among investors. the ceo saying the company raised $1.2 billion. to put that in perspective, like gopro's i'm poe and planned secondary together that amount. it's not technically over. he could raise even more. the money is targeted to ooeb uber's expansion into asia which might be urgent since telco giant softbank put in for a riley. the company is six times bigger than a year ago and grew faster this year than last, though it's not clear whether he's raising revenue. some concern in recent weeks over reports that an uber executive talked about an idea of digging up dirt on a journalist and they have been less than careful with potentially sensitive customer records. the blog post says it the company will mature as it grows and be a better corporate citizen. let's lock in the vote. 59% said no, they would not buy uber shares and 41% said they wou

jon fortt, cale kai la, of course, as always. first up, cyber monday.ewer people shopping in stores while more and more continue to spend online for the holidays. according to adobe, both thanksgiving day and black friday saw double digit growth with digitals twice. meantime, the national retail federation says tote a retail sales for the weekend fell a little over 5% year on year. that's been a topic of much c consternation this morning. you're watching a lot of this, jon, from an online standpoint. was it as bad as they say? >> when you look at the online numbers they were very good. channel adviser which tends to be reliable shows amazon up for three days a year over year sales. 25%, 24%, 45% on saturday, which they call cyber saturday now i guess as well. we saw the basket size of what was purchased in stores drop from 407 to something that was in the $380 range. peep went to the stores, looked up some stuff and looked up the price on other stuff and said i'm going to buy it at home. >> one story is the proportion of sales from smartphones. that dou

but with me as always is jon fortt. on a relatively calm market day after the best two-day streak for dow in more than three years. we start with breaking news. the fbi any moment is set to update on details around that sony hack. eamon javiers has been reportin in washington with the latest. >> the fbi statement is expected later today. perhaps soon today. and in that statement they are expected to officially name north korea as the hand behind the hack that hit sony so devastating and caused the postponement or indefinite cancellation of the movie "the interview"which apparently riled tempers in north korea. the question is now what does the united states do about this? cnn also reporting new developments here. a new message from the hackers. according to cnn, the message says it is very wise that you have made a decision to cancel the release of the interview. we ensure the security of your data unless you make additional trouble. so the hackers there clearly sending a message to sony that they approve of the decisio

kayla tausche is off but jon fortt is here. good morning to everyone. first up talk sony pictures. ceo michael lynton speaking out since sony pulled "the interview." here he is on cnn with a fa reed zachariah. >> the issue having made the movie, we feel very strongly that it should have been in theaters for the american public to have seen. and we did everything in our power to make that happen. we did not cave. we did not back down. we continue in that pursuit up until the end. >> that remark appears to be in response to remarks from president obama on friday. >> sony is a cooperation. it suffered significant damage. there were threats against its employees. i am sympathetic to the concerns that they faced. having said all that, yes, i think they made a mistake. >> according to recode, sony exploringing ones for distribution of the film including potentially releasing it on crackle, the streaming service it owns, jon. some reports over the weekend saying they were going to do that. not entirely clear if it's true. >> and sony, i mean michael lynton is in a tough position. they sai

multiyear deals to post content on youtube for a time before eventually putting it on a rival service jon fortthere we get salary figures for grummy cat seems to be a natural fit. >> windowing on-line what's old is new again. jon was helping me with the math up there. michele fan, a big youtube star, does the makeup thing, 18 million average monthly views. she's probably worth directly around three quarters of a million dollars a year to google, but that's not counting the intelligence google gets on her fans interested in makeup. imagine how much google could monetize that. it's obviously worth a lot of money for them not to lose that information. >> but so do we stop talking about youtube as a capital life business? if they become a company that has to start paying for talent and for content then they have just as bulky auto a cost structure as the traditional broadcast companies. >> we talk about youtube like a cable network, amazon the same way, netflix, hulu, vessel, yahoo! these content providers whether it's a michele fam or a pd pie, one of the stars run by maker studios, these are the

jon fortt as well.agreeing with henry that these long-term deflationary forces are going to meet their maker essentially as central banks run out of ammo. >> at some point it will unwind and we'll go into reverse and all the things bringing up asset prices will work in reverse. one thing that is encouraging, he did say next year, this year looks fine but at some point. >> you are standing by your call from the past year. >> i'm officially chicken little. >> 30 percent. >> at least. >> 30% decline. >> unless something has changed fundamentally, stocks are egregiously overvalued. it doesn't mean they can't go higher. you can keep stretching it and stretching it but at some point at least based on history there will be a nasty snap back. >> and the show is devoted to technology. a lot of the dalio's forces are driven through innovation and things like tech. >> it's easy to forget we're in the midst of this really interesting period where the cloud and mobile are opening up new possibilities for productivit

. >> let's hand it over to jon fortt with a look at what's coming up next. >> lots of insights comingn mobile ads. mark mo haney on his netflix call. and of course the orion splashdown. [woman] can it make a dentist appointment when my teeth are ready? [girl] can it tell the doctor how long i have to wear this thing? [man] can it tell the flight attendant to please not wake me this time? the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. >>> it is that time on squawk on the street where we announcement the winner of nail the number for november non farm payrolls. norm collins. 321,000 jobs were added and norm guessed 327,300. and guess what you get the lovely cnbc 25 book that vanna white

jon fortt is out. kayla tausche is here. interesting market day. dow is down about 46. a couple weeks which tells you something about the environment we've been in for a while. first up another

let's catch up with a jon fortt. >> we're going to have an update on the sony hack that has people talkingst who's pigd instagram's value at 36 billion dollars. what a win for facebook. what we're going to find out why that is the value number. and john chen blackberry's ceo first broadcast interview of earnings. car of the year.015 so was the 100% electric e-golf, and the 45 highway mpg tdi clean diesel. and last but not least, the high performance gti. looks like we're gonna need a bigger podium. the volkswagen golf family. motor trend's 2015 "cars" of the year. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident.

let's send it over to jon fortt. >> quite a show coming up for you. the rup rupales collapse. and the walt isaacson talks about his big tech idea for 2015 and the co-founder of myspace talking about his efforts with gaming. all that and more coming up on "squawk alley." gentlemen, meet our new cloud expert. [speaking indecipherable irish] my name's mccloud. get your totty business onto the cloud. it's like hee haw. you can't even beat em. i didn't understand a word he said. yes, the cloud is difficult to understand. mccloud. but we already have a cloud expert, cdw. they provide comprehensive multi-vendor cloud solutions that reduce it costs and enable innovation. mccloud just said that. >>> good morning, it is 8:00 a.m. at apple headquarters in cupertino california. 11:00 a.m. here an wall street. "squawk alley" is live. a special guest joining us this morning. aspen institute ceo author of the innovators. walter isaacson is here. good to see you. >> good to see you. >> what a day. especially with what happened in russia overnight. the dow has flipped

with us jon fortt. dow is down. a bit of a selloff led by telecoms and some technology.n. european close in about half an hour. we'll see if that alleviates. maybe folks over there using our markets to rasz cash. >> could be. a few interesting names. gopro down near -- of course it's low low was that $31 close its first day of trading. it is still up more than double from that level. but 65, is a pretty low level for them. we'll see. >> and tesla down

. >> good friday morning, jon fortt, kayla tausche out today. eisen will not go away. >> lucky you. >> as we're looking at record highs for all the averages today. sony's "the interview" officially hitting screens in over 300 theaters across the country. even seth rogen showed up at one in los angeles along with kevin goldberg. >> we thought this might not happen at all. >> this is our neighborhood. we live around here. >> yeah we live around here. >> we've been here before. >> told audiences you are the best. we weren't even sure this was going to happen. our kate rodgers is outside one of the theaters in new york city. >> seth rogen hasn't shown up here yet but we are finally getting the see "the interview" at independent theaters like cinema village behind me. in an interesting twist professional movie critics not really loving it so far. it's 50% rating but that hasn't stopped fans to show up. >> i thought it was a bit silly. it's just a movie. apparently it's not very good of a movie but i'm going to go see it anyway. >> and initial box off

let's find out what's on deck with jon fortt. >> we're going to have the latest afall sis on the falloutressure is on from the president. former c fo on hacking and whats next in payment technology. apple watch around the corner. coming up early next year. do people want it even though they don't know that much about it? we'll find out coming up in "squawk alley." goodnight. goodnight. for those kept awake by pain... the night is anything but good. introducing new aleve pm. the first to combine a safe sleep aid. plus the 12 hour strength of aleve. for pain relief that can last until the am. now you can have a good night and a... good morning! new aleve pm. for a better am. >>> welcome back. we're watching shares of caesars entertainment after it agreed to buy affiliate caesars acquisition in an $8.96 per share deal. it's a stock merger that will better position the $18.5 billion debt load of its largest unit which plans to file for a possible bankruptcy and the stock is currently trading you can see up by about 17%. for caesars acquisition trading up by about 7%. simon, sara, on the day'

joining me now is michael yoshikami, zachary carabel and jon fortt and joining us will be kenny pulcarive grasso. michael, you are here from the west coast just in time for dow 18,000. what do you make of it? >> not surprising. federal reserve is so accommodativ accommodative. the markets starting to collapse. what happened? federal reserve came out in force to talk about how they were going to be supportive for the market. >> riddle me the 2-year then. >> i don't know. >> that's what i'm saying and so interesting. >> the only way to really justify the 2-year doing what it's doing is perhaps 5% gdp print and people thinking the fed is coy here. >> this is why it's so important. for single headline or argument to hear today about how it's all the fed and pushed us above 18,000, if that's the case, then why are we actually pricing in fed rate hikes if you look at the 2-year? >> bond market investors are different than equity market investors. >> fair point, fair point. >> they're very much looking about long-term, earnings growth and interest rates low. bond investors, generally pretty cy

. >> let's send it over to jon fortt with a look at what's coming up next on "squawk alley." >> hey sara of instagram. facebook's unit. enterprise, the head of ibm's global business services talk that new ios apps and finally the head of art owe talking about why taylor swift wrote his name in the blank space and not spotify's. st take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. i wish... please, please, please, please, please. [ male announcer ] the wish we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose. a new promise... to help all those wishes come true. cvs health. be

jon fortt's here. sarah said a moment ago. gdp