as phil lebeau reports, it was a very good month for every automaker with one notable exceptionings. >> year end promotions offering slightly greater discounts kept auto sales moving at a near record pace last month. toyota led the largest automakers in terms of sales gains. but all of them had a solid november thanks to strong demand for bigger, more expensive pickups and suvs. jeep sales surged 20%. while ford truck sales were up almost as much. >> we're seeing strong demand for the f series truck. we had a strong month in november of sales again. we're predicting increased sales over the next couple years. >> ford is hiring another 2,000 workers to expand production of its f series super duty pickups. overall, low interest rates and high consumer confidence are convincing many this is the time to buy. and when they do, they're opting for trucks and suvs. because gas prices are so low, fuel efficiency is not a priority. >> momentum in the last three months, we believe because people are starting to accept that gas prices are going to be lower for longer. and people are then taking

phil lebeau explains why the hot car market is creating a tough environment for some car dealers. >>ter: with the economy improving and used car sales in the u.s. close to a record high, you would think carmax sales would be in overdrive. think again. sales comparisons for stores open at least a year dropped slightly in the third quarter. why? well, heavy demand for certain models like trucks and sufrz created a situation where carmax had a tight supply. at the same time financing for new vehicles is so cheap it's making many people who ordinarily buy used decide instead to buy or lease new. >> there really isn't a large supply of zero, one, two, and three-year-old vehicles in the same category. so when faced with similar payments we believe some consumers are opting to go to new vehicles relative to used and that's weighing on car max sales results at the moment. >> reporter: in the third quarter the average monthly payment for those buying a new vehicle was just under $500 and those leasing paid just under $400 a month. just $37 per month more than the average used car payment. in

for "nightly business report" i'm phil lebeau. >> i want one for christmas.till ahead, how the coming rate hikes may impact your retirement. ♪ ♪ >>> the islamic state has made more than $500 million from black market oil sales. a treasury department official says the group also has more than $1 billion from looted bank vaults in iraq and syria. >>> the american middle class is shrinking. barely half of adults are now middle-income earners, defined as a household making between $42,000 and $126,000 annually. a new pew research report says the upper income bracket has grown and now takes home nearly half of all annual income in the united states. >> walmart is going where it's never gone before. the world's largest retailer by sales is entering the world of mobile payments. by introducing its own mobile wallet. walmart pay. walmart pay is for walmart shoppers only and competes with apple pay and samsung pay, which walmart won't accept. it's a move that could have customers opening their wallets a little more frequently. mary thompson has that story. >> reporter

phil lebeau has the story. >> most drivers know the dangers of texting and driving. but they still do it. in fact, are a new survey by state farm found drivers are not only texting, they're using their smart cell phones to do a 0 whole lot more. more than a third of those surveyed admit they text and drive while almost as many are now surfing the web while behind the wheel. and there's also a sizable number of people taking pictures or recording videos while driving. >> there are probably a number of reasons why someone might choose to either text or visit sites on the internet while driving. we did ask folks when they're more likely to do that. and they reported while they're stopped at an intersection which may seem fine because your car is stopped. 40% of crashes are at intersections. >> mullin believes drivers are doing more on their phone because their phones can do more. in other words, it's easier and quicker to get on the internet through a smartphone. so more people are doing it while driving. even though many surveyed admit they know it's a dangerous decisi

phil lebeau, "nightly business report," chicago. >>> thanks for joining us tonight. i'm sue herera. >> and i'm tyler mathisen from washington. we'll see you tomorrow. >>> tonight on "quest" -- one of the most troubling effects of global warming is the steady rising of the earth's oceans. "quest" and climate watch investigate how sea level rise will impact san francisco bay and what planners are doing to prepare for the worst. >>> and we all need a little pampering after a long day. find out how the oakland zoo uses a decidedly "hands on" approach to keep the animals healthy and happy. >>> major funding for "quest" is

phil lebeau, "nightly business report," chicago. >>> thanks for joining us tonight. i'm sue herera. >> and i'm tyler mathisen from washington. we'll see you tomorrow. program contains mature content which may not be suitable for all audiences. viewer discretion is advised. gosh. are we really doing this? you can change your mind, camilla. you know that, don't you? it has honestly been the hardest decision i've ever made, but it's something i feel i have to do. hello, stranger. oh, my gosh! jenny! what are you doing here? what happened? they think it's my fault. cynthia: i did everything i could. you understand we have to ask these questions. constable noakes, am i being accused of something? male announcer: funding for "call the midwife" is provided by contributions e" is provided by contributions to your pbs stations from viewers like you. thank you.

phil lebeau is joining us early on the line. who is out performing. >> the big three are benefitting the most from search and sales right now. primarily because the growth is with pick up trucks, suvs, cross overs and that's really in the wheel house for the big three and the demand has been so great there they're able to increase their sales now and we'll see not only exceptionally strong sales but profitable sales. that's the key here. a lot of people are focussing on the wrong number. they need to be focussing on the fact that these are the most profitable vehicles selling now particularly for the big three. they're already in the midst of the most profitable year ever in north america and that's going to continue in the fourth quarter thanks to the strength of sales in november. >> three months in a row of over 18 million. that will be the first time it happens. it all seems a little bit too good to be true for me. how long can this last for the auto makers? >> we're looking at auto sales that will stay through the end of ne

let's follow up on what phil lebeau and bob pisani were talking about.he last fed interest rate meeting of the year, our colleagues put together a series of trades like we've been saying that have shown historical successes. now 12 trades, they're linked to periods of rising interest rates which could happen if we do get something from the fed. so here we go on the second day of fed-mas. janet yellen tent to me two general motors and a pair of trade currency. there is a big debate on how strong the u.s. economy is. there are signs on the bullish and bearish side. if we do see a rise in interest rates if, we do see one in the context of a strengthening u.s. economy, auto stocks say they might farewell. according to the data partners, since the beginning of 2005 during periods of rising interest rates, the average one month return for share of ford, gm and the auto parts have been solidly positive as you see there. and they've been winning trades at least 70% of the time during that time span. again, ford, general motors that, is the second day of fedmas.

phil lebeau has that in chicago. phil. >> carl, tale of two automakers.'s start first with toyota. an increase in november auto sales. well above expectations. up 12.4%. the edmond's.com estimate was for an increase of 4.9%. the best black friday sales in eight years for toyota. that's what was driving strong numbers last month. meanwhile, we've also gotten a peek at what november was like for volkswagen. we knew it would be bad, but i'm not sure people were expecting it to be this bad. sales plunged 24% last month. more than double what most people were expecting in terms of a decline. what was driving it? a drop in pasat sales. up more than 60%. all of this tied into the stop sale order on those tdi diesel vehicles. those versions of those vehicles. carl, one last thing. a lot of people have said, look, you've got these vehicles. can't you throw more cash on the hood and sell what's in the showroom at volkswagen? well, if you don't have vehicles to sell, you can't put out greater incentives. there comes a point where you are going to start to see sales

phil lebeau joins us now. record breaking pace, phil? >> record breaking, kelly, it was monster month. we knew it would be. over 18 million, now we know exactly how much. auto data which basically crunches all of the numbers every month has come up with the calculation that the sales pace last month was 18.19 million vehicles, that's the pace of sales. we're showing you this chart because it goes all the way back to the year 2000. that's when we had an all time high for auto sales. we are now on pace that break that overall sales rate in 2000. if you look at the individual auto makers last month, toyota led the way with an increase of 12.4%, gm, chrysler, fiat and ford, the percentages are not really impressive going up or down, but the overall sales rate was impressive. i want to focus on general motors. average transaction price, this is what they sold the vehicle for in dealerships, a record high of $38,500 up $580 compared to last year and at the same time the percentage of the price that went into incentives going into that, it was

phil lebeau, thank you very much.s this down to a science, ken feinberg does, the ignition switch project, the bp coil, the bernie madoff fund and volkswagen fund. >> the dow now down up to lows of the session for the day, down 201 points, that's a key level for the s&p at 2048 which we will talk about in a few minutes. >>> more big names coming up from the yale ceo summit with kelly, we have the ceo of fannie mae, also noted short seller jim chanos both weighing in on the game changing potential of a rising rate environment. >>> apple moments a long time executive to the c suite, jon fortt has that story and the impact on the company when when come back. e come back. dow coming off the lows now down 170 points at 17,000. we can show you how the 30 stocks in the dow have been trading today, only three are positive, the best performer is united health, followed by nike and mcdonald's, looks like caterpillar and chevron are among the worst performers in today's trade. meantime, apple is promoting the head of its apple w

phil lebeau joins us from chicago. record sales this year. but some people wonder whether these were so-called high quality sales. were these committed buyers or people jumping off the fence because of very cheap financing and big incentives? >> well, look, incentives also play a role in people finally pulling the trigger in a dealership. the feeling in the auto industry is these were high quality sales. mime primarily because there's still so much pent up demand out there. the average age for a vehicle in the united states is still well over ten years. ten years ago, so much of what were in the vehicles then that so many people are driving now it's so outdated people are saying it's time to buy a new vehicle. that's why i think the record sales for 2015 were high quality ones. >> i agree with you. what you get in and on a car these days is so qualitatively and quantititatively different it's driven people into the show rooms. the vw emission scandal, how damaging has that been? >> incredibly damaging. there is no doubt about that. you look a

phil lebeau, "nightly business report," chicago. >>> meantime, ford is recalling some older cars. the automaker identified 313,000 vehicles in north america that have headlights that can go dark. and cause a crash. the recall covers crown vics and mercury glarnd questions. safety regulators found 15 crashes and one injury related to these faulty headlights. >>> still ahead, nailed the landing. while the launch of this rocket may mark a new phase in space travel. spacex completed a dramatic and historic launch and landing last night of its falcon 9 rocket. it was the first time an unmanned rocket returned to land vertically. and as jane wells reports, it marks a giant leap for the future of space travel. >>>. >> it was lrs big news that spacex was launching a falcon 9 rocket. its first launch since a rocket explosion had grounded everything last june until the problem could be solved. but last night in the florida sky it wasn't what went up that had the biggest impact but what came down. >> history in the making. > for the first time, spacex was able to bring back to earth in one p

our phil lebeau is live with that story. >> reporter: last night, the faa gave certification for the honda jet, which means honda is now officially free to deliver some of the first business jets that it has built here in the united states to customers not only here in the u.s. but around the world. that's entry level in the world of business jets. the first deliveries will likely begin over the next month but ramp up in the spring. they believe that even though this is a vit is a vol tiatile market, he believes his company will do well. >> honda has good financial backing and we will be able to sustain that. if you take a look at the long-term basis, a strong corporation like honda is very big, good chance to succeed in the aviation business as well. >> honda already has orders for more than 100 honda jets. deliveries will start this spring. we thought it would be interesting to take a look at shares of honda versus textron, the parent of cessna and ebrraer. yes, the jet business can be volatile and honda is primarily an auto stock. take a lack look at how they have done. they are a

let's get to phil lebeau with that. hey, phil. >> hey, carl. we've got numbers coming in with 0.4% last month. that's an increase of 2.3. to your point, truck sales last month for ford, up 18.3% and earlier today on "squawk box," you heard from joe hip ricks. he expects the sales rate for the industry to be above 18 frl november and if that happens, it will be the first time f it's happened in the u.s. where the sales rate is above $18 million. we'll have g.m. numbers in a few minutes. back to you. >> sounds good. why do you raise rates? people who get jobs buy cars. people who get jobs by homes, get out of apartments. it's okay. >>> volkswagen has been well off its lows. amazingly sew. given the fact that they're not anywhere out of the woods in terms of u.s. regulators or in terms of any number of lawsuits coming their way or the doj or europeans. >> but they've done a lot of good will with their commerce. some got $500 gift certificates. billions and billions. >> i just wonder, whatever the number is that they need simply to make the fixes a

phil lebeau is joining us now for details on the story. lp google with that little thing that there's no way you could fit in one of those things, phil? >> well, i think it's a mutual partnership. i've talked to people who have confirmed for cnbc there are discussions going on between google and ford. this story was first reported last night by yahoo! auto, the deal will be announced at consumer electronic shows, but others say there's not a deal announced, but discussions. we could see the relatively near future. why do they consider partnering up? accelerating development of autonomous driving vehicles would supposedly be a stand alone entity, not a ford or google or alphabet company, but stand alone company because you got the liability issues and question of who is responsible of an accident, and question is whether or not we'll see it announced in the next couple weeks in the consumer electron igs show. why would ford and google look to each other and say, hey, it makes sense, let's get together. look from each company's perspective. f

you know, i really enjoy steve -- or phil "four on four" lebeau when he talks about the run rate on autoshat he talked about yesterday. it really is quite amazing. in the morning what did we learn? we learned that we had the weakest level of employment as defined by the ism since late 2009. first time under 50 since november of 2012. reconciling those. well, i'm going to leave some of that to you, but i'm going to give you some important bullet points to consider while you ponder those divergent thoughts on each side of the manufacturing aisle. first of all, before i get to my board, look at the 20-year chart that we're showing on the screen right now. that's the annualized run rate going back to 1995. okay? now we're going to come to my white board and basically this is the same chart. listen, it's pretty easy. if this was a chart of a commodity or interest rate as a technician, a couple of things really jump out at you. we call it crossing the canyon. happened in the stock market in 2009. you have something going on. then you have an episode. for all practical purposes, many would expec

phil lebeau is in chicago. why can't they move used cars, phil? >> that's surprising given the market we have for used cars in the united states is close to an all-time high. it's not that they're having problems moving used cars. it's that certain models are in high demand. when you look at the third quarter earnings for carmax, they missed by 5 cents coming in at 63 cents a share. the street was expecting 68 cents. revenue was up 4.3%. when you look at the third quarter for carcarmax, here is issue. there is a tight supply of hot models which was exacerbating the problem. used versus new price gap. what do we mean by that? well, when you look at the people going to visit a carmax lot or go to any dealership lot, this is what they were looking at for a monthly payment in the third quarter. the difference between new and used about $120, but look, there's not much of a difference between used and leased, and because that's such a tight gap analysts believe a number of people were saying, you know what? i might as well lease instead of buy used. >>

phil lebeau, thank you very much.g news, ken feinberg appointed by vw to dole out those claims. still to come on "power lunch," a bold sell call on the steel stocks. we'll speak with that analyst ahead. let's look at some of the big winners, yes, there are a few winners in the s&p right now. micron, we'll talk about that move in a second, fed ex, valero, and frontier communications they're up the most as most stocks are down. we are back right after this. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. when it comes to quitting cigarettes, why does it feel like all or nothing? would you expec

and phil lebeau said, i donated one in my daughter's name. and she was very happy with what i did. wish i could have afforded the year tuition for a girl." you can donate any amount to kids in needs of desks or to the girls' tuition program because your $5 or $10 is combined with someone else's $5 and you will help some of the girls to high school or help deliver a desk to a classroom. to send a girl to high school in malawi and provide with room and board can cost about $175 a year. to provide virtually all of her needs in going to high school. but many girls don't need room and board and so sending them to high school is much cheaper. and some schools are much cheaper than others. so if you can contribute $25 to the girl's scholarship program, that may be enough to pay for one girl through at least one semester of high school at some of these schools. some of these schools have very low tuition rates that are still impossible for families to afford in a country whose per capita income is $270 a year. on christmas day, camille gonzales said

phil lebeau joins us in chicago. i'm sure you hear this time and time again. theoretically can't get any better for the auto makers now. financing terms can't get any better. gas prices can't get any better. so why aren't these stocks hitting their stride. >> well, i think they're not hitting their stride because they do believe that this is the top. a couple of things to keep in mind. financing can't get any better and gas likely can't get much low frer here. you do have a couple of things working in favor of the auto makers that the market is overlooking. first of all, the pent up demand shows strong sales through the end of next year if not well into 2017. will we be at 17.5 million next year or a little bit higher? most are thinking it will be over 17 million which is still an incredibly strong pace. the thieng to keep in mind is the transaction prices continue moving higher. this is overlooked by the market. look at general motors. the average transaction price last month, that's the amount paid at the dealership $35,800. up almost $600 year over year. up

phil lebeau will tell us about the effect on the auto market. >> will be some impact.e overstating how much auto sales could slow down if we see higher interest rates over a series of steps from the federal reserve over the next 18, 24 months. here's where auto interest rates are now. what we're noticing in terms of average payment. average interest rate vehicle loan for a new vehicle, 4.63%. the average monthly payment a little under $500. on average people are spending just under $29,000 on a new vehicle. that's how much they're financing. what happens if we see interest rates go up? according to the people at alex partners, a consulting firm in detroit, they believe if you see interest rates go up a full percentage point, not a quarter, a full percentage point, that will knock about $1,000 off how much people might spend. 3% $2,500 if interest rates go up 7% which nobody is forecasting, it would knock off $5,000 in terms of how much people can afford. one area where we might also see an impact -- leasing which is almost a third of the vehicle that will slow down as

an energy push for 2016, saying it will invest in an additional 4.5 billion into electrifying -- phil lebeauwith ford's ceo first on cnbc interview. phil? >> thank you very much, kelly. i am joined by mark fields. you just announced a huge investment, 4.5 billion, a the 13 models electrified models by 2020. some people will say doesn't this seem like a strange time to be doing this? >> absolutely not. we're building or electrified leadership, and it's -- even with gas prices low, fuel economy is still really on people's minds. they also have short memories, they know it can go up. it's down right now. >> that's the next question, so much is driven by you've got to get to the higher epa standards by 2025, not only that, 2020 in itself. any concerns of meeting those goals? i know not every vehicle will be there, but the fleet average. >> part of that process was to have a midterm review and what we agreed to the one national standard, we said we were going to look at customer acceptance, look at the cost, the impact of jobs, so we're looking forward to that review, but overall, electrification

. >>> let's get out to phil lebeau with news on mercedes. phil?this is a big move at mercedes-be mercedes-benz, usa. steve cannon who has been president and ceo of mercedes-benz usa for the last four years is resigning. he's leaving the auto business. he will join the amb group. what is the amb group? that is the investment management firm that is run by arthur blank, the ceo of the atlanta falcons, owner of the atlanta falcons. steve cannon will be joining that group in an executive capacity what does that mean in terms of who will now run mercedes-benz usa? detmeir exler, president and ceo effective january 1st. steve cannon will act as a consultant for a month. they just moved the headquarters from new jersey down to atlanta in the last six months. last month, when i was talking to steve cannon in the l.a. auto show, i said you guys have to be excited about that new stadium for the falcons, it will be mercedes-benz stadium down there. he said it's gorgeous. he said it's incredible. clearly he likes what he saw. he'll be joining that group. >> l

. >> phil lebeau with numbers out of experian today.numbers for car buyers, and people wonder if that's the new form of housing. >> cars last longer. you have cars 12 years old. you can amortize that. people get jobs, they buy cars. i often heard about this bubble. everyone wants to talk about bubbles. if you were buying ten cars, seven cars because of cheap money, yeah, you'll get hurt. cars are the one area where you will see the rates go up, the apr when we get the fed tightening. i refuse to say it's a bubble. i'm not seeing toll brothers and car max saying you can't buy more than three cars. at the top, toll brothers said we won't let people buy multiple homes. we're not there for that. >> no. speaking of cars yesterday, we did discuss volkswagen before the numbers came out. they were down 25 plus percent, s&p downgraded them. was it a downgrade or review to downgrade. now the germans said we consider the defeat of isis cheating over here as well. >> you were right. >> it hit a high yesterday, it was up and then reversed course. >>

>> we're looking ahead to the new year, giving investors a playbook on how to cash in in 2015, phil lebeau lays out his predictions. >> phil predicted gas prices would continue to fall in 2015. he was spot on there. the national average for a flon of regular now below $2 for the first time since 2009. he also said this would be a big year for suvs, right again, a huge one. the popularity of them helping set another record year for auto sales. >> let me see how many more bells we can ring. phil predicted tesla's model x would be the crossover to watch this year. he was right again making him three for three in 2015. so what's he predicting for next year? take a look. >> in 2016 we'll see more cars and trucks with semi-autonomous technology where the driver will be able to take their hands off the steering wheel and allow the car to handle things like acceleration, steering, braking, even parking. tesla's auto pilot already has some of that technology but in 2016 we'll see more models from bmw, general motors and other auto makers. >> next year will be a challenging one for electric vehicles

now it's used, you can't correlate, but i defer to phil lebeau.ays 19, i'm changing my tune, but car max disappointing. >> indeed. they did mention some higher ad expense, overall called it a challenging quarter. >> yeah. it's funny yesterday's challenging quarter was general mills. you do some work, you'll come back and there was a special we had on this network called "the age of walmart." it's getting to be the age of walmart again, because walmart put the screws to them. that's one of the reasons they did poorly. >> really? >> yeah. >> it's not as though walmart does not have incredible market power, it still does. >> thank you. according to release from the ceo, ken powell, the other factor driving lower merchandising was a broad based reduction in display across customer base, particularly acute at a large customer. wal-mart and apple are two companies you can never mention. you just can't mention them, right? a large customer. that's code if you're a supplier, walmart. and it's code if you're a supplier, apple. they don't like to hear it. b

that's what phil lebeau has been saying. >> we'll all live somewhere else and just take the highway in>> just order up our car. they'll always be around. you won't need to own a car. >> fitbit, we were talking about this yesterday. >> yes. >> it was a winner after it was revealed it was the most downloaded app over christmas. and barclays putting out a note that the fitbit app going through the irs and congress, could be a medical expense and include fitbit. >> is that really going to become law, that you could use your flexible spending to get a fitbit. >> what about your apple device? >> any apple device. i like it. you should google what you could spend your flexible spending account on. it's a huge array. >> is it? i need to use mine up. here we are at the end of the year. perhaps sunglasses for everybody, perhaps. let's look at what's going on in the broader market. for that we're joined by bobs by bob pisani on the floor. >> we are looking once again at oil. i think that's the main factor moving the markets today. around 7:30 or so shg, 7:20, we a nice move up in oil. that contin

phil lebeau is at a private airfield in detroit?reporter: a lot of people are wondering if honda will be successful in a volatile field like business jets. the price tag $4.5 million. that's basically competitive with other entry-level business jets. it carries up to six people, not including the pilot. and more than 100 have been ordered. who are their competitors? some long-time players in this market, cessna and amber among them. bis jet sales up 3.5% but that's a competitive and volatile market just recovering from the recession and analysts say it will tough for honda. >> if they ultimately want to succeed, they will have to spend a lot more money and come up with more new products against two very tough competitors in the most price competitive niche of the market. so i would say the chance of success is not that high. >> reporter: honda jet is built in greensboro, north carolina. they're targeting odelivers of four to five a month. people have been asking all day long what else does honda build besides cars? a lot of things.

phil lebeau joining us today. guys, back over you to. i think it's true that all of the rear end collisions that you see, i know brian you spent a ton of time on the road driving, so do i. i think a ton of them are all related to people using their devices or playing with the dashboard or whatever it is. they get out and take pictures and block everybody out. i was in a taxi and i didn't take this while driving. in l.a., here's a screen shot of my traffic app waze. the gray dots, the gray dots are wrecks. so one, two three, four, five, six wrecks within about a one mile area right here in los angeles. that is everywhere now. >> i wonder if distracted driving or texting while driving is now more of a problem than drunk driving. i don't though whether, you know, phil has any stats on that. i would hazard a guess it is the case. >> there should be penalties for doing so. until then, i'm sure consumers will continue doing what they're doing. it is really also bolsters a case for autonomous driving. let the computer do the driving. do whateve

phil lebeau has details on lending. hi, phil. >> hey, michelle.it comes out because it's from experion, tracking the loans out there, showing us what people are borrowing, what they are paying, and what the interest rate is, and really which borrowing are targeted. according to the third quarter, this is a record amount in terms of how much people borrowed, almost twenty-nine thousands dollars, average length of a loan remains at sixty seven months, and average monthly payment remains under five hundred dollars. i hear from people saying, well, it's only a bubble in sub prime loans. that's the only thing fuelling auto sales. wrong. completely wrong. look at who borrows now. the biggest growth is not the lower end, but higher end. super prime, one out of five auto loans go to people with credit scores. prime at forty-one percent, and there is growth, but not as much as with super prime. finally, auto leasing has continued to take off. it is now at a record high. in fact, more than one out of every four new vehicles that are sold or roll out of a sh

phil lebeau joining us now with a special guest. > this is joe hinrichs, president of ford of the americas from the assembly line where trucks are rolling off behind him. joe, thank you for joining us this morning. this investment of 2,000 jobs as you move towards the aluminum frame superduty truck says a lot about the demand you see from contractors, small business, paint a picture of the economy that you're noticing in terms of demand right now for the superduty pickup. >> yeah, phil, good morning. we're seeing strong demand for the f-series trucks. we had a strong month in november sales again, predicting increased sales over the next couple years as the housing market continues steady pace of growth, and, of course, there's a strong oil industry here, and construction is picking up. we predict stronger sales ahead for trucks, investing with that with more capacity next year and, of course, the brand new all new superduty truck. >> this investment and jobs added comes right after you finalized a contract with the uaw where your co

it's been in the works for 11 years, and phil lebeau has an inside look next.the honda jet did not have a bathroom, which conjuring up all weird things you have to do. potentially. anyway, this one may have one. anyway, record year for m&a, and we will talk about the dupon dupont-dow chemical deal, and a star of "shark tank" is looking to tackle the gap for female entrepreneurs. that story at the end of the hour. become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. >>> welcome back to "squawk box" now. it's lower by 11 cents. it was 36 yesterday morning, and brent is back up. >> part of that is because of the warm weather, and winter holiday travel on u.s. airlines is busier this year than last according to industry group airlines for america. u.s. carriers are expected to fly 31 million passengers worldwide. that's up 3% from last year. airlines will use larger planes to meet demand. >> h

phil lebeau has details next, and then mark grant here on equities and dollar when the fed hikes interests. oil plummets after the meeting friday, and bearish on oil prices all year, the new forecast straight ahead, and take a look at u.s. equity futures at this hour. it's a negative open. big negative. sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. >>> welcome back "squawk box." futures right now are down. down, down, down, down. down yesterday. nice day on friday. seems well, well in the past. a lot of angst around oil, around the world that we're living in right now, around china, as a result, it's going to be at least start out as a tough session for the s&p, which is down 13, and nasdaq down 26. canadian pacific revising the offer for norfolk southern, and in the letter, it says the new bid dramatically reduces risk for shareholders. canadian pacific says the offer puts cash in shareholders' hands e