and leigh gallagher fortune magazine assistant managing edit . it has been scary watching what happened with oil prices. normally you think yea but this time it is dragging downs down. what's happening here. >> i think that investors have been nervous about slowing economic growth. china and europe have been weak and oil is a signal of after recession. i think investors have been trying to figure out how much is supply and demand. in the meantime investors have been wanting to get out of anything related to oil. >> you mentioned, how much is supply and demand. is both but what's your best guess how you break it down? >> i suspect that dollar strength and market positioning is playing a bigger role in the weakness of oil than we suspect. we have had a sharp decline in oil. 40% in a few months. >> how do you look at this? how do you shake it out. >> the first time in a long time we have the tables turn td. we have seen the stock market do so well as people on main street continue to struggle. now this is the exact flip side of this for once. what t

joining us right now is tom lee is the funder of fund extra lobe advisers and leigh gallagher from "fortune" magazine. we thank you both for being here. it has been scary watching what happened with oil prices. normally you would think yay yay, go oil prices. but this time is dragging stocks down with it. what's happening here? >> i think that investors have been nervous about slowing economic growth. china and europe have been weak and oil is a signal of a recession. i think investors have been trying to figure out how much is supply issue and how much is demand. in the meantime investors have been wanting to get out of anything related to oil. >> you mentioned that this is how much of it is supply, how much of it is demand. we know it's a little bit of both. what's your best guess to how you break this down? >> i suspect that dollar strength and market positioning is playing a bigger role in the weakness of oil than we suspect. we've had a really sharp decline, i mean we're talking 40% in just a few months. >> how do you look at this? good news for the consumer, bad news for the market? h

we have leigh gallagher back with us.msnbc political analyst and former chairman of the republican national committee, michael steele, and we want to turn to the question that most people have been asking all morning. who has been naughty and nice in poll titics for 2014? take a look at this. we have former speech writer for george w. bush asking and answering that question for politico magazine and he joins us now. matt, it's great to have you with us. this is not your usual suspects you have written about in the magazine. at least when you're putting them on the list. >> no. and the challenge always with doing a naughty and nice list in washington is one side of the list is longer than others. i found people for both sides actually this time. >> all right. so we like having a nice balanced list. so when we break apart, we want to start with the naughty part or nice part? >> naughty. >> why don't we start on nice and end on naughty? >> we are talking about washington. >> all right. we're going to go with naughty. we figu