at the nyse, i'm jill wagner. marissa has your weather to go next...but first here's a look at today's markets. windy with lows in the 20stomorrow: slight chance for snow otherwise cloudy with a high near 30our seven day shows that's our report at noon, thank you for watching.our next newscast is this afternoon live at five. and we'll have weather updates throughout the day.stay safe out there today. today. if you want to bundle great tv with high-speed internet, then call centurylink at... ask for the directv entertainment package, bundled with centurylink internet. you get all the channels you love, plus hbo, starz, showtime, and cinemax at no extra cost for the first three months. and you also get up to 12 megs of internet. all for about 45 bucks a month for 12 months. this deal sounds great, especially if you love sports. [ sports announcer voice ] get all the channels you love, plus up to 12 megs of internet for about $45 a month for 12 months. score! [ cowboy voice ] hey, clementine, bundle all the channels

at the nyse, i'm jill wagner. justin has your weather to go next...but first here's a a ok at today's markets. heart disease. asthma. diabetes. 7 out of 10 americans take prescription drugs. but in the last 7 years drugs prices have doubled. hillary's going to take on the drug compmpies. require medicare to negotiate lower drug prices. let people buy their prescription drugs from countries like canada at half the price. and cap monthly prescription costs for every y erican. the drug companies have been over charging long enough. it's time to fight back. i'm hillary clinton and i approve this message. check out this video of a cat check out this video of a cat swimming!apparently she didn't want to be carried across the to swim.the owner was able to grab her and take her to safety.this is in portland oregon, they've gotten a lot of rain this week that caused that does it if you're doing everything right but find it harder and harder to get by, you're not alone. while r people work longer hours for lower wages, most

see kumbaya new top-level domains with their communities in the city's soul new york city has adopt nyse. women dash and communities also have their own because i belong to a minority of communities to be in cyberspace is also important. so for them to express their identity. we opened in the major way the top-level domain that was spelled in arabic script stick and there will be over 1,000 coming into the internet will that be a shock for some consumers? you have played a huge role in and what is the role going forward to educate consumers? that they exist and they can safely navigate? >> icann will have a role in a decade to support to have more people to apply we operate in the public interest with safety to understand the choices we have it is more and more difficult on the existing top level domains kelso want to note those that engage in the campaign but there also engaged to have that opportunity if it is made more possible from either program. >> host: what about new york to get nyc. >> every applicant pays the same fees sometimes we give them support but in general they pay $185

at the nyse, i'm jill wagner. marissa has your weather to go next...but first here's a look at today's markets. it's been her fight for twenty years. something is wrong with our healthcare system and it needs to be fixed. then, it was about health reform and getting eight million kids covered. now, it's about stopping republicans from repealing obamacare, and taking on insurance companies to bring down drug prices. i'm not going to let any family be deprived of healthcare. i'm not going to let the republicans rip up obamacare and throw it away. the n-f-l has announced that coldplay will headline the super bowl 50 half-time show. the british rock band has a string of best selling albums and their newest one is being released today.an n-f-l spokesman hinted that past halftime performers could join coldplay on stage.super bowl 50 will take place on sunday, february 7th. and you'll be that does it for us here on the cbs 2 news at noon.our next newscast is this afternoon live at five.and you >> wyatt: you think? >> ivy

this is a live look at new york city's big board on the nyse.ow industrials gaining 86 points. of course, kris, much of this was already baked in. they saw this rate hike coming. >> well, scott, a lot of folks always wonder what does this mean for me. when this is the rate that banks charge each other to borrow money, correct? >> correct, yes. >> so there's a trickledown effect for the rest of us. >> there will be. this rate increase is so small and rates are so low, some people pay 0% on their car and they're getting about 0% on their savings. both of those are going to tick upwards. but tick upwards from 0%. >> because we've had good economic news. >> thank goodness. >> finally. >>> so now to a story you will see only here on nbc bay area. a south bay man who dodged death by inches sharing his story of survival. this steel beam that crashed through his windshield on a local freeway could have killed him, but only did that. nbc bay area's maryann favro talked with that driver. >> reporter: don lee says he still can't believe he survived this la

((nyse closing bell)) bell))stocks closed lower yet again today.anxiety as to whether the feds will raise interest rates at their meeting next week seemed to be weighing on investors.we'll get a look at oil inventory numbers tomorrow morning. 2we hit the hardwood for a battle of unbeatens at wash -- who dabbed their way to victory -- next in sports with you.call us at 1-800- if you're doing everything right but t nd it harder and harder to get by, you're not alone. almost all new income goes to the top 1%. my plan -- make wall street banks and the ultrarich pay their fair share of taxes, provide living wages for working people, ensure equal pay for women. i'm bernie sanders. i approve this message because together, we can make a political revolution and create an economy anandemocracy that works for all and not just the powerful few. "if i only went two and two with iowa, i mean, what's the point of is to three-and-one and we obviously want to beat them and continue our hot streak." must be rrarly week on the hardwood -- the cy-hawk series tips off thursday -- and for the past two years i

((nyse closing bell)) bell))u-s stocks closed lower to start the new trading week. the decline driven by crude oil prices, now at a seven-year low.stocks ended off session lows.the dow dropped 117 points.the nasdaq speaking of points -- jarrod uthoff was scoring in buckets -- coming up -- how the cedar rapids native -- carried the hawks to their 4th straight win -- next in sports. sports."cbs 2 news connects with you.call us at 1-800- 222-kganemail us at news at kgan.comconnect with us on for the first time in school history the iowa state men are ranked 2nd in coaches poll -- and in the a-p they moved up to 4th, which is their highest ranking since 1956 -- all that happened before ty took the court against buffalo georges niang, ready to tame the bullsfirst half -- niang was feeling it -- matt thomas find him behind the arc -- bang -- bang -- bang -- that was part of a 15 - oh run by i-s-u -- the cyclones led by 9 at the breakbuffalo would cut it to one in the second half -- but naing -- not okay with that -- he hits another triple and then georgous george takes it

ashley webster from the nyse. melissa?melissa: fallout from san bernardino legal gun sales are skyrocketing in the wake of the attack. william la jeunesse is here with more details. william? reporter: melissa, every time president obama talks about gun control, gun sales go up. every time you have a mass shooting gun sales go up. put them together, gun sales this year will top 21 million. that is record 5thousand gun as day. -- 5thousand guns a day. americans are not putting these up in the attic and closet waiting for burglary. they're taking class, going to the range and getting permits to protect themselves. look at this graphic. since president obama's election, 2008, the sale of firearms and ammunition has almost doubled from nine million guns on average per year under george w. bush, to 18 million under president obama. phoenix gun shop is offering free concealed carry class for every gun sold. >> what we wanted to do was make sure that the customers that were buying our weapons were handling them in a safe, responsi

is the nyse ready for it.ani is with the head of the exchange tom farley. >> here is the man in charge, mr. farley himself. we're expecting a lot of volume on the fed and on quadruple witching. it will be a confluence of big volume. is the nyse ready? >> absolutely we're ready. it's an eerie calm before the storm. today's volume is average if that but certainly we're expecting more volume after the announcement and in the next few day approximates. >> is there anything special you do in anticipation of this? this is a little bit unusual to have a fed meeting and a quadruple witch. there's some expectations depending how the fed gives their opinion, volume could be very, very heavy. >> we've been in a heavy volume environment really going back to august. we've had a couple 9 billion share industrywide. it's important to put it in context. that's far fewer than traded during the height of the financial crisis. we work with our customers, we're well prepared. >> i know you're not a pundit on the fed but you speak

(ben willis/nyse trader) "i've never seen the dow down 1000 points in one move. by the end of the year, the dow was nearly where it started. unemployment edged down to 5-percent....and the more robust job market led the federal reserve to raise interest rates for the first time in nearly a decade. oil prices plunged.and that gave consumers a break at the pump, where gas prices slipped to around 2- dollars a gallon. apple launched its smart watch. (tim cook/apple ceo) "the most advanced time piece ever created." in a pair of mega mergers, drug makers pfizer and allergan announced plans to join forces. and dow chemical agreed to merge with dupont, creating the second biggest chemical company in the world. --chipotle's stock took a tumble.. the restaurant chain scrambled outbreak.and then a bout of norovirus that sickened over a hundred students in boston. nats zuckerberg video facebook ceo mark zuckerberg and his wife priscilla chan welcomed a baby girl. and they promised to donate the bulk of their 45-billion dollar fortune to charity... a holiday gift to remember

when we come back we will recap an incredible year with the markets with nyse's president, the budgetass, that may not sit well with john mccain. we will get his take on the possible deal, join us, senator john mccain coming up, back in a minute. i said you better sign it... hi, i'm andrew luck. could anyone use some of my lucky beard for retirement? i could use some luck. make a wish. nice. thanks. your turn! no... thanks andrew. see,td ameritrade has everything i need for retirement. like rollover consultants for assistance and portfolio planning tools to help me manage my ira. so, i think i'm good. oh well. luck is in the air. um... td ameritrade. you got this. maria: welcome back, i am maria bartiroma, is december 17th. with me is dagen mcdowell, wall street week host gary kaminski. we will show you taught stores at 7:00 a.m. on the east coast, breaking news, moments ago, the ceo of turn pharmaceuticals reportedly has been arrested on security fraud. and made headlines when he drastically raise the price of a life-saving hiv aids drug from $13.50 a tell to $750 a pill, that is a 5

>>> tomorrow, kick off the trading day with "squawk on the street," live from post 9 at the nyse. >>s called karma, david. my late mother-in-law always said what goes around comes around. this is the one place we're not afraid to fail. some of these experiments may not work. but a few might shape the future. like turning algae into biofuel... ...new technology for capturing co2 emissions... ...and cars twice as efficient as the average car today. ideas exxonmobil scientists are working on to make energy go further... ...no matter how many tries it takes. energy lives here. . >>> we know that this is an incredibly difficult moment for retail, particularly the apparel space because nobody wants to by winter weather clothing when it's the week before christmas and the temperatures remain in the high 50s. don't get me wrong, i love that it's warm out there but this makes it incredibly difficult for stores to manage their inventory. take ascena. lately investors have been fleeing from the stock to the point where they're down 22% year to date, not to mention plunging 45% from its highs in

>>> tomorrow, kick off the trading day with "squawk on the street," live from post 9 at the nyse. >> it's called karma, david. my late mother-in-law always around. . >>> we know that this is an incredibly difficult moment for retail, particularly the apparel space because nobody wants to by winter weather clothing when it's the week before christmas and the temperatures remain in the high 50s. don't get me wrong, i love that it's warm out there but this makes it incredibly difficult for stores to manage their inventory. take ascena. lately investors have been fleeing from the stock to the year to date, not to mention plunging 45% from its highs in late june. when they reported a couple weeks ago, earnings were mixed and it caused the stock to get hammered even though management maintained its four-year earnings guidance. with the stock down nearly 4% today, have i to remember if it is already reflecting more than enough negativity. the company just announced a monster $200 million buyback earlier this week. that's like 10% of the company. let's check in with david jaffe, the presiden

jackie deangelis at the nyse to tell us what's at stake tomorrow. >> good evening, to you. holiday parties don't wait for opec. we are waiting with bated breath. what's at stake here? two important things. the first would be the next slide down for oil prices. the second would be the jeopardy that the cartel is in that it may lose its influence. consensus going into this meeting is that the cartel will not cut production, it will choose to accept these low prices as it tries to man tan its market share. the low prices forced them to pump more. that will only add to the swelling of this oil glut. could there be a mutiny coming? there is a lot of infighting within the cartel. you've got venezuela and ecuador choking on these low prices. saudi arabia able to weather the storm. iranians rushing to get their oil back online. saudi arabia said it would consider a production cut but only if all the opec members and nonopec members would cut. there is a chance the cartel could go rogue tomorrow and give us a decision we weren't expecting. that combined with the weaker dollar today

joining us here at the nyse and gadget managing editor dana.drone won't capture our attention next we're. what else will join its company? i'm. >> i'm sorry? >> i said what else beyond the drone? what will capture our fascination next year in the gadget land? >> oh, great. first of all, thanks for having me. i think next year we're going to see a lot of -- well, we're going to see more move towards driverless cars. i think tore certain in several years until we see proper fully autonomous cars, but i think this we're we'll see even more steps for cars taking some of the dirty work out of driving for us and perhaps making us that much safer on the road. >> there are potentially a lot of very splashy announcements coming our way next week at the consumer electronics show, which i read is devoting 200,000 square feet. more than three football fields just to showcase. what are you expecting to see? will any of it be closer to the road than what we've seen so far? >> it's going to be a sprawling selection. it's going to take quite a few days to comb

dan at the nyse and stephen guilfoyle at the cme. what are you seeing? >> if you hold a dollar in place for me and run crude every single daying are i'll show you a nice equity market. the s&p trading at 2061 that's a technical level. i would like conservatively to see us hold this level. if we can't, i want to see us stand at 2054. liz: here's the thing, ira, mixed signals out of major investment banks. ubs, deutch banc, goldman sachs about the year, slightly bearish activity in the options market as well. what do you think? >> i'm with them. we've got a bull market that's run a course, money shifting around, europe looks better because they're on a qe basis of lowering currency. china getting foot under it, which will help asia, will help australia, countries of that nature. i think that america is probably going to go to a year just like this where we go sideways, i started looking for neutral to 5% either way. whether you're up or down for the year, you didn't go anywhere. a year of stocks primarily, not indices. liz: good point, stephen, watch this,

it's not necessarily an nyse related stock that we talk about all that often, but it is still a dow member even though it's not perhaps traded here, so that's something to watch. back to you. >> thank you so much, dominik, on the floor of the stock exchange. >>> technology as a sector has gone positive for the week, and we have a lot of news to get to this morning. joining us now is jessica lessen, founder and editor in chief at the information and cnbc contributor. good friday to you. >> great to see you, kayla. >> first up, activist investor starboard renewing its push for yahoo to spin off that alibaba stake instead of pushing the company to sell its core business at what it calls the highest price possible. wrau hue shares started yesterday morning on that news. it's up today. jessica, the board meeting concludes today. the board still backing ceo marissa meyer. what do you expect the outcome will be? >> there's a lot we don't know, but we know that that there are a ton of suitors for yahoo's core business. we're not sure there is a lot of interest there. a lot of it is coming from, fr

traders at the new york stock exchange and the cme group, teddy weisberg at the nyse and scott shellady over the oil pits at the cme. bank of america-merrill lynch report that came out basically said here's the lay of the land, you're going to see whipsaw action in local, single asset classes. meaning violent moves to the upside, crowded trades, what did you make of the report? where are you seeing the action? >> first of all, i think it's nicer than to state the obvious. we've been dealing with that for the last three or four years, and there's a lot of reasons for that. the volatility has become part of trading since the landscape completely changed, liz. we used to talk about this five and six years ago. the government and the industry completely change the rules when it comes to trading stocks. and stocks -- liz: teddy, hang on, i need to interrupt. in other words, what bank of america is saying, i understand what you're saying here, where are you seeing the crowded trades happening that this could occur that people -- investors could get hurt to the downside? >> well, we're living

cnbc senior market commentator mike santolli joins us now live from the nyse. what's behind that? >> on the surface is it looks like a pair docks. we have record volumes. los to $5 trillion globally so far this year, and, yet, the shares of those companies, blackstone, apollo, kkr fortress, are down 25% to 45% in the last six months. one of the reasons is of the buy-out firms themselves, lbo's vanity have not been a business feature of this whether it's because of bank regulation, limiting the amount that can be lent for those deals or because these firms don't see the value there. that's not been a big factor. at the same time all these companies are very reliant on good, strong credit markets. obviously in general the high yield market is telling us that it's kind of peaked several months back. they also rely on the strong ipo market that have their exit. it seems investors don't know what to do with these companies when they're not really very active on the dealmaking side. >> what's going happen in 2016? we have to obviously see some winners and losers. who do you think is goi

let's go down to lori rothman on the floor of the nyse for news on this year's biggest losers. >> i'mll working. people are pouring champagne. david: i hate what i'm not invited. >> dow is lower on the day and year. we're up 178 points. 17,425. that puts us 398 points on the dow, down from break even point for the year. the dow for the year is off 2.2%. 2008 was the last time the dow closed out the year with losses. we were coming in from the financial crisis. dow was off 33.8%. decline this year of 2% not as bad but not great either. nasdaq, what it is worth, posted gains for the year so there is that. in terms of performers, let's unpack the dow itself and 30 component members. winners this year, nike, mcdonald's, home depot up 20 6%, ge, microsoft. technology real buoyed broader market. losers, biggest losers, walmart down 28%. caterpillar off 25%. weak global economy. american express off 25%. oil, we know suffering in sympathy and united technologies are the losers. david: cheers. >> melissa knows, i only need one sip and i'm toast. melissa: lori, don't do it. oil down 30%. gold

we've got stephen guilfoyle at the nyse, at the cme dan and rob at the nymex. stephen, to you first. what are you hearing on the floor? people are nervous. remember all this talk about dow 18,000. not seeing it right now. >> no, no. this is a very disappointing day for traders. i mean a lot of guys felt we might see juice today, a little bounceback off of oversold condition. how oversold were we really if this is all we get off of two high-volume days like that? a technical day on low volume today. liz: yeah, dan, here's the thing, we talk to people in the markets about what's going on with the forecast, the dow 18,000. if you strip out energy, we would have hit it, what do you think? >> that very well maybe the case, and there's a lot of fear surrounding energy. if you're a trader, the energy trade is great. if you're an investor, don't worry about it. important to remember that oil demand is still up but supply is there. this isn't 2009. what we're seeing as the previous guest said there is uncertainty that isn't necessarily oil related. we're going to need t

customs and bureau protection on the nyse. we had an ipo over on the nasdaq. it was founded in australian, headquartered in london, trade on the nasdaq in new york but has a huge presence in san francisco. as for their founders they are fairly unusual dudes. they remind some people of the flight of the concords, they're actually aussies. the company's perspective, the financial report it has to turn over to potential investors show it has a very unusual stock structure with two classes of stock that will allow the founders to stay in control. i was particularly drawn to a certain page of that where they list their core beliefs. we had to black out part of it. it starts with a b, the other one is don't bad word the customer, it says. that's a little bit like google's don't be evil. these are actually official financial documents filed with the s.e.c. the head of the fbi once again criticizing silicon valley over encryption, this time citing the more than 100 text messages the shooters in the attacks in garland, texas, sent to known terrorists ahead of the attac

nyse president tom farley. bill and jason are sticking with us. around the floor of the nyse, this man was running the bases at georgetown. he finished his career with 12 home runs. talk about a superstar. merry christmas. up next, airlines gearing up for the holiday travel rush. we will hear from spirit airlines bendel does a. ♪ david: more than 100 million americans are expected to travel this holiday season, that is nearly one in three and 1.4% more than last year. what are airlines doing to prepare? spirit airlines'ceo joins us live from d.c. what are you protecting for spirit in terms of this holiday season? ben: it is great to meet with you, this is a busy holiday for us. we are 30% bigger this year, so we will be carrying a lot more customers and our planes are very full. some people are leaving today, some have already left, some are not leaving until the weekend. stephanie: 30% somebody good number, but the last time we spoke, you said you had your sights set on the model of ryanair. they kill it, where are you in terms of your goals? bus

there's about 2, 500 stocks that matter at the nyse wroosh let's do the math there.hat's one out of every eight stocks. it's higher than recently. it's a modest up tick in volatility. the vix is about 17. that's not in alarm bells territory, but it's been moving up in the last couple of days. some of the energy names are at new 52-week lows. they've come off of the lows in the last hour or so as oil has come up. you see some of them are positive. transports of the other group, these are industrial stocks that have been hitting new lows, lug some of the railroads like union pacific, kansas city, ryder, ch robinson among the logistics companies. also on the up side. what you can see is this huge divergence between the dow industrials and the dow transports. with the industrials down only 1%, the transports down more than 15%, and that's because many had of them are involved in the transportation of the commodities, and we heard about all sorts of issues around that recently, lug this morning with some of the big companies like angelo-american commenting on that. a smal

of course, i'm down at the nyse, and ty is back at hq. sarah, back to you. >> looking forward to it. some of the biggest names in media technologies are gathered at the ignition conference in new york city today. our own julia is at the event and talking to verizon ceo lowell mcadam. it's an exclusive interview you'll see it only here on cnbc. take it away. there's talk with whether or not you're interested in buy yeah hur. it's something your cfo -- it sounds like you're sort of interested. what's your interest in yahoo? >> the key is their board hasn't stided what to do. there's not a question to be arounded here. once they make a decision, there might be assets that would fit together with aol like anything else something that we would look at. nothing going on. >> if you look at where aol is strong, they have world class ad tech capability. there's content assets and some other forms of the internet that i think would be worth looking at. it's probably way premature. >> on stage just moments ago you said that you believe that the tv b

cooperation between law enforcement and silicon >>> -- having fun there on the nyse. it's actually a down day. oil prices are lower again. and the markets don't like lower oil prices. dow down better than 150 points. >>> president obama spoke of new cooperation between law enforcement in silicon valley in his latest national address last night. the debate between safety and privacy has been one of the most intense disagreements between washington and high-tech that they've ever had. here's what the president said. >> that's why i will urge high-tech and law enforcement leaders to make it harder for terrorists to use technology to escape from justice. >> that was a somewhat vague message. democratic candidate for president hillary clinton took it a step further during a speech at the brookings institution over the weekend. silicon valley she says should not see washington as its adversary. she calls out youtube and facebook and twitter by name, although she admitted, quote, this is complicated. you're going to hear all the usual complaints, freedom of speech, et cetera

declines in history when instability in foreign economies spooked wall street. 1:16-1:18 (ben willis/nyse trader) "i've never seen the dow down 1000 points in one move. by the end of the year, the dow was nearly where it started. -- unemployment edged down to 5-percent....and the more robust job market led the federal reserve to raise interest rates for the first time in nearly a decade. -- oil prices plungedand that gave consumers a break at the pump, where gas prices slipped to around 2-dollars a gallon. -- apple launched its smart watch. 1:43-1:46 (tim cook/apple ceo) "the most created." -- in a pair of mega mergers, drug makers pfizer and allergan announced plans to join forces. and dow chemical agreed to merge with dupont, creating the second biggest chemical company in the world.-- chipotle's stock took a tumble.. the restaurant chain scrambled to contain an e-coli outbreakand then a bout of norovirus that sickened over a hundred students in boston. nats zuckerberg video facebook ceo mark zuckerberg and his wife priscilla chan welcomed a baby girl. and they promised to donate the bu

>> we're already at a billion shares on the nyse.e're going to expect a massive amount going forward. this is the last opportunity for traders to get in and out of any trade that they want. with the volatility we've seen, there's been a massive repricing of these options, so people are probably going to want to put anything to bed that they're not cold fro comfortable with going into the new year. >> does it present a buying opportunity necessarily? >> it certainly could. we're right on some support levels that we've held all day in the s&p. this could present an opportunity to buy more, sell more. i'm sure there are will be some disproportional move. >> thanks so much. >>> meanwhile, we've been watching oil's decline all week. it's down nearly 2%. the decline over the year has been pretty much cut in half. it's bad news for some, but market opportunities for others. oak tree capital has been buying up distressed debt. howard joins us now exclusively to explain. to say you are a legend in the distressed debt world might be putting it

tom fairly of the nyse. >> i thought he was a baseball player. second baseman? cannon for an arm. >> well, there was a time when the harlem globetrotters were one of the actual best teams at their emergence as a team. yeah. wilt chamberlain. >> that's right. >> meadowlark lemon. >> curly neal still looks incredible. he was sitting courtside at a game eventually. he looked great. >> really. >> yeah. at a knicks game? >> i was watching on television. >> oh. >> i go to the nets, nine-game package. >> they paying you? >> not anymore. meantime, published reports say that ford is in talks with google to help build driverless cars using the internet's giant technology. both sides said to have been in talked for quite some time. ford is expected to announce that collaboration at the consumer electronics show in january. it's a non-exclusive deal that ford's partnership would be separate from the company, separated from any liabilities, but gaining some traction. >> my friends who work at google, this is it. they're really telling me this is what -- a safer car. they dri

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marking their 35th anniversary here at the nyse. and the nasdaq is up 8% for the year.d in part by the facebooks, amazons, alphabet. netflix as well. one group we will be watching is energy stocks. late yesterday, we got an industry report showing a build in u.s. stockpiles for last week. that's why today's report in just about an hour will be very important. that is the official report from the government on u.s. stockpiles. been a big mover for oil in the last few day, but oil is under pressure because they were where are expecting a drawdown. >> and it's an area that you can trade at the moment. chesapeake yesterday for example actually rose i think 12% by the close. indicated lower at the beginning today. so you're still trieding a trading a lot of these. >> that is your natural gas. oil gets dragged up with it and then one day later a reason to sell these things. so you look at marathon oil, that was another one that had been a leader. these are stocks that the e&p stocks are so leveraged to day to day sentiment. it's not even about the forward curve. >> if you loo

the ceo summit on digital transformation being held at the nyse today. at the nasdaq, amamedisys. home depot does confirm sales. no being surprises out of h.d. >> the market moved up a lot. people are freaked out about oil. people are saying we made judgments about oil, now we're dealing with earnings. people decided that this is the last good quarter, hearing a lot about that. so you need to see a jarden and aubbermaid in order to move up. you need to see deals. then you have office depot and staples being blocked. i keep thinking if we suddenly have an active ftc, wow. >> not every deal has a question of antitrust. there are plenty that don't. >> i was trying to give you a cue to norfolk southern. >> i was going to do that in the faber report. >> i was going to do a segue like i learned from mori amsterd amsterdam. >> from the old mary tyler -- >> the alan grady show. >> the dick van dyke. >> fabulous show. that holds up. >> that holds up. >> that holds up. >> great show. >> rob? rob? >> the people involved were about the greatest actors and actresses of the year. i think -- wha

nyse, nasdaq, 7 billion shares is that a little? a lot? 9% higher than last year. 2011. we have seen declining volume for a long time. this is one of those years where it went up nicely. a lot of volatility in july and august helped. speaking of volatility. the average volatility for the vix, 16.7. elevated more in the last few days. back down where the average has been. that's up 18% year over year. more volume and more volatility this year has been the main story. as for 2016, a lot of the themes that were factors in volatility in 2016 seem to be continuing to be issues. we have uncertainty around the timing and pace of the fed rate hikes. the china stimulus is a big issue. that's a big topic in the last several days. the chinese communist party met and talked about much heavier stimulus measures in their budget for 2016. commodity fluctuations. outside of those three issues that are still going on, we have geopolitical risk. i would also throw in the presidential election. i wouldn't normally, but given the huge battle around the republican party that may well b

month are "squawk on the street" from post 9 at the nyse in just a moment. innovating. ove and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. >>> a potentially momentum days for yahoo! as they continue to deliberate the future of the company, whether they will move ahead with the spinoff of the 148 million shares in alibaba into a new company called abico or reverse course and consider putting up its core business for sale or perhaps simply say we are going to take more time for all of it. we are not going to necessarily pursue the spin but we are not ready to announce any new measures at this point. all of that up for debate. that actually was going on yesterday at a board meeting. it will continue today. there is some de

bob pisani joins us from the nyse floor. bob? i would imagine this is a very light volume day. still gains are gains. >> yes. yesterday was the lightest volume dayst year. we'll get a similar one today. i doesn't matter. all that matters is the numbers. let's take a look at the markets in the middle of the day. the important thing is you have three things working for you. when oil behaves, you have a china rally and europe rally, what else do you want here? you got a rally. new highs are expanding a little bit. 2-1 advancing to declining. it's getting better as the day wears on. the volume on the light side. in terms of sectors, a very diverse group out there. tech, health care, consumer discretionary all leading. what is not leading is the most beaten up names, energy and materials. that's a little bit disappointing. we have new highs. the old consumer name that have been hitting new highs for a long time. they're up there again. the names are practically every day on the new high list. when you start getting an expansion, here's what i'm not impressed with. we should be getti

let's have a look at what is going on at the nyse. what do you expect the trading to be? how do you explain today's big move up in anticipation of what? >> i think we saw oil under pressure. down almost 10% over the last few trading days. we're seeing a bounce back in that certainly. and the other sector that's going to benefit from higher rate environment is financials. and those are the two leaders that we've seen today. so we're expecting a rate increase and the two sectors that are going to benefit the most are responding. >> allen sshgts market goi, is o be relieved if there is a rate increase? >> no doubt about it. i think the worst thing that could happen tomorrow is that they don't raise rates. that will send a message to the traders that, you know what? maybe the economy is much worse than we thought it was. i think you'll see a rate and it will be a lot of the minds for traders. the wording afterwards is critical. that 2:30 conference. >> all right. we're going to break in on the gentleman and go to the president conference in los angeles regarding the school sy

wr we're going to head live to the nyse floor after this. plus, your mystery chart.s has been a total stock stud climbing 75%. it's not a name we often talk about. can you guess it though? we'll bring you the answer when "power lunch" returns. ♪ i finally did it! ♪ ew, you did it all right. let sparkle paper towels clean it up. do the math - and you'll see sparkle costs less. plus it's perfect for cleaning spills... ...desktops... ...windows... ...and chalkboards. now that's what i call clean. too clean? sparkle. because it's a messy. ashley bryant, you are a teacher of small children. that's right. i have read it is the hardest job in the world. that's why i'm here. can you... i can offer advice from the accumulated knowledge of other educators... that's wonderful but... i can tailor a curriculum for each student by cross-referencing aptitude, development, geography... sorry to interrupt. but i just have one question: how do i keep them quiet? (pause) watson? there is no known solution. >>> welcome back to "power lunch." 2:41 in the east. stocks at session highs. th

new lows expanding about one every eight nyse stocks at a new low here. modest uptick. take a look at the major sectors. materials and industrials, financials and energies again weighing on the markets. those big global industries like caterpillar are down much more than some of the energy names today. transports, number of new lows out there. we have problems with the airlines. southwest is talking about disappointing numbers and the revenue for available seat miles. new lows on union pacific and kansas city, look at this big divergence between the transports and the industrials. you very rarely see the industrials down 2%. the dow transports down 16% for the year. i don't remember when iiver seen a divergence that big. finally, i just want to know, huge volume going off in a number of etfs. that includes the global energy. somebody dumping a lot of etfs on the market or bought a large amount, it's not clear. there is very big volume in energy etf today. >> that time of year. bob, thank you. >> shares of smith and wesson hitting an eight year high. we'll hear from two

bob pisani joins us from the nyse floor. what do you attribute the leg down? disappointment over draghi or nervousness creeping in as we get more details, chilling details, about the shooting in san bernardino? >> the terrorism is really hard to parse on its impact on the markets. certainly there's psychological effects but i think the story really is today we should have had a leg up in the commodity names because of the weak dollar, the strong you are euro due to draghi's comments and that's not materializing. i want to comment on that. something strange is happening. i just put up the energy complex. oil has had a very nice rally today. it had a rally in the early part of the day and it had a rally just about an hour ago. we moved a second leg up. 4%, that's a nice move up. the xle, these are energy stocks, they're down today. this is very unusual to see energy down and it was down a lot more earlier in the day with the oil market up and the equity market seems to be seeing we do not believe that this rise in oil today is going to be permanent in any way. l

bob pisani and retail reporter courtney reagan are with us, so is ron insana and kayla at the nyse. all of us were going back and forth on e-mail ahead of this segment. you say in 31 years of covering financial news, you have never seen a stock like amazon. explain. >> well, in the sense i've never seen a company like amazon where investors have been willing to give the firm the wide berth it has with respect to producing profitability. investors have been content with revenue growth, cash flow growth, massive reinvestment, but razor thin profit margins at best when they do report profits, and i guess the big idea here is that as amazon grows into this behemoth, ultimately it will begin to, as it maybe invests less or spends les, produce extraordinary profits. now, that's the guess. that's the wager here, but, again, i have never seen investors as patient with a stock as they have been with amazon, but it's worked. they're up on the capital side more than they are on the profit side and it's been a very big winner. >> courtney, you talk to all the retailers, online, offline, and tha

back over to you at the nyse. >>> time for a cnbc news update with sue herrera. >> hi, bill and kelly. here is what's happening. gop presidential candidate ted you see cruz says he disagrees with donald trump's proposal to prevent muslims from entering the u.s. but he is not interested in criticizing him. he spoke while outlining his proposed law to freeze for at least three years the entry of any refugees from countries where al qaeda or isis control substantial territory. >>> apple revealing its own smart battery case for the iphone 6s, it's priced at $99 and promises up to 25 hours of additional talk time as well as 18 hours more of internet use while on lte network. >>> an effective cancer drug has now been approved by the fda sold generically. the drug known as glevec for the treatment of chronic myeloid leukemia. it will be available by february 1st. >> it was 35 years ago today that john len nonwas murdered by mark david chapman. it was shortly before 11:00 p.m. when chapman opened fire with his 38 caliber pistol as len nonemerged from the building. chapman was last denied pa r

nasdaq, nyse open for business. business never closes in the distressed market.illustrates for you, the third worst pullback in 35 years. on the 2008 crisis. we need to find out what is causing it. how long will it last and is now the time to buy? let's bring in victor khosla. his company strategizes in distress. jonathan golovin is still with us. victor, is this a time to be sitting on dry powder waiting to buy? victor: we have started to buy. starting 10 days ago, we started to make investments, very selectively. you do need dry powder to do it, obviously, and the investments we are making are really outside energy, natural resources. stephanie: so what are they? victor: buying and debt on toll roads in spain, liquidation of large austrian banks. stephanie: are these high-yield public bonds? victor: high-yield corporate bonds. brendan: [no audio] stephanie: how long is your investment time horizon? victor: three years. nothing in the distressed market is liquid. especially over the last month. this market is very ill liquid. stephanie: you started buying 10 day

so let's get down to dominic chu now at the floor of the nyse because we're currently sitting around session highs with the dow up by 338 points, dom. a very good session so far. >> we were up by about 353, 60 thereabouts during mario draghi's speech, but to echo something you were talking about, it does feel like you have a very dovish tone coming from ecb head mario draghi here. it has some of the undertones from that whatever it takes speech. the ecb will stand ready to do whatever it takes to make sure that the economy there is on solid footing, that things are going well for the markets and stability overall in the eurozone. so that's what a lot of traders are taking this to be and this is going to be a very big deal. now, if you take a look at overall the market reaction, draghi speaks and it's as if he talks down the euro and talks up the u.s. stock market. we'll show what you we're talking about here. if you take a look at the euro, you see that big dip there during the course of mario draghi's speech. we've at least recovered some of those losses down, but we're still, again

let's go to jackie deangelis who moved a couple blocks uptown to the nyse for the nymex today. >> goodo you. oil did just close, $34.95. under that key $35 level. this is fairly significant. what happened today? well, part of this was the fed rate hike, the impact it had on the dollar certainly bearish when it comes to crude oil prices and all commodities in fact. the fed doesn't really have a hold on what happens with oil except with that dollar correlation. as we have discussed many, many times, so far fed or no fed, the fundamentals haven't changed. so right now the sentiment is to the downside. some people are a little afraid to get on the short side of this trade right now because we have come so far so fast, but it is likely we do head a little lower from here before we start to stabilize. and brian, i saw some video of some very stellar dance moves at the christmas party last night of you. >> if by stellar you mean like that air dude that goes outside of car dealerships that does this, then, yes. moving on. thank you. >> pretty much. >> i'm going to get you for that, deangelis.

the big apple circus is at the nyse. futures are up. people are smiling.ill have a lot to cover. we have another 30 minutes on air. we have to talk about the fed, which lifted rates for the first time in almost a decade last week, clearly signaling their confidence in the u.s. economy. there are economists out there who argue that the hike and those to come in 2016 are based on expectations rather than actual data. janet yellen says she is data-dependent, so what does this mean for investors? lindsey joins us now from chicago, and oksana aronov is still with us, as well as keri geiger from bloomberg news. we will send it to chicago first. is it based on expectations, not actual data? lindsay: that is exactly right. a lot of economists were calling for the rate increase, and that is based on the expectation the market would show improvement by the end of the year. others, myself included, expected the fed would wait until 2016 for liftoff against the backdrop of a still modest economy. now we are splitting the difference. with a modest economy but the a hig

i'm jill waer at the nyse, i'lhave those ories and more coming g