this right after right after schlumberger said it was going to plummet when schlumberger reported last time, pretty much everyone assumed oil would be stuck in purgatory for ages that was when brilliant ceo paul kibsgard called the bottom three months later oil surges and the stock has taken off like a bat out of hell. this stock has been up for 11, yeah, literally -- not literally because two days that were down. 11 straight unanswered points days is the way i looked at it kibsgard was right in 2014 and right again in the last three months why? because he knows more than everybody else he's got the data. it was an empirical call not emotional. a worldwide company, got an order book, tells you everything the oil-producing nations haven't drilled enough in the last few years to maintain the reserves, paul told us, so now they have no choice but to drill more and to drill in 2018. so pay attention to schlumberger, and hope it gets knocked down before they report so you can buy some because it's been straight up from 63 to -- yeah, to the high 70s. here's the bottom line you have to respe

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deal is going to matter but the stock that stephanie link and i both agree is just a horse is schlumberger up at 1:20 today up 13 straight points. i talked about it as a stock that would have been down in a bad market but this is too good a market to hold a stock like schlumberger >>> what do you get when there's a stock shortage and bad news viewed positively? you get a beast mode market and i don't think it's going to end yet. matt money tonight, a biotech with a life-changing test. it reported great numbers but exact science's stock is down more than 10%. quizzical or buying opportunity? >>> then what marijuana, micron and cryptocurrencies have in common >>> and alchemy has been saying great things but the bears they are just attacking this thing. can it make its way out of the doghouse i'm talking with the ceo so stick with cramer (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week. (malo hutson) growth is good, but when it starts impacting our quality of

. >> agreed, schlumberge rext, stocks still behind the commodity. >> i think it's a great way to buypis tside calls so you sti have exposure to the upside of halliburton. >> up next, your tweets and the final call from the options pit. stay tuned see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade , it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for hi

in earnings news, oilfield services provider schlumberger will release results.rly profit as north american shale keep outpacing international growth. despite some early warnings about growth flat—lining, shale production is poised to push us oil output at more than 10 million barrels per day, toppling a record set back in 1970. joining us is simon derrick from the bank of new york mellon. good to see you, as ever. it's the ailing dollar that catches your eye. it is. on the face of it, it looks like it looks like it's about the shutdown. you'd expect moderation in the dollar and interest rates. when you start to dig into it, it looks like there is more going on. interest rates are still rising in the us. markets are doing extremely well and the dollar has been falling for 12 months. you start to look for other answers. what you see, particularly over the last month, is a sharp acceleration down since mid—december. it looks like it might be connected to the tax deal, it might be connected to people being concerned about growing fiscal deficit and at the same time

on that mission is when man philip schlumberger was the last man killed in a combat mission in world war ii. his experiences as a fighter pilot in the pacific theater are captured in his book "the last fighter pilot" published earlier this year. ladies and gentlemen, please welcome to our platform, recipient of the distinguished flying cross, the middle with three clusters, world war ii veteran and fighter pilot captain jerry yellin. [applause] [applause] >> thank you sir. >> i have to begin by saying this is an unbelievable honor. for me. throughout my air force career, i was constantly reminded that the air force that i served in stood on the shoulders of giants. and those giants were the men , no apologies to the women but in world war ii, there were no women in combat. but you and your generation properly referred to as the greatest generation, set the standard for what it means to fly, fight and win which is the basis of what is today the world's greatest air force that i proudly served in. >> you gave us a warrior's egos that defines who we are. and i'm talking about it from ai

chevron last reached these levels going by the rescue place, getting another dog, renaming her schlumberger this oil rally's even got real dogs like apache, anna darko and pyre pioneer going. who let those dogs out buy new planes from boeing, makes less noise, burns less fuel both those stocks won't quit but somehow, i still don't think enough people realize how amazing stock of boeing is up another $7 and change today maybe this anecdote will help. walking, went by good downtown manhattan capital grill and see two guys out there smoking no doubt seeking their own premature deaths and start chanting cramer how about bitcoin, how about bitcoin, how about bitcoin. when are you going to recommend bitcoin. a jingle and prayer all wrapped up in one. heisman, no bitcoin, boeing. might as well have said put down marlboros and we'll have some of my wife's queen with a contempt was palatable chalking up to millennial lunacy can't believe still around and more powerful than ever. rise in interest rates, anything less than a quarter point jump in so-called long end could cause a catastrophic downturn

and slb is up over in atlantic >> slb is a good example stocks was down 2.5 when we went over it schlumbergerak and weak people who are trading when it was sell ng shoing and shortinge said that in the stock reverse i think we should wait to the q&a. big countries are going to have to start spending and venezuela is much more important in terms of what's going on >> they talk about latin america being very good, argentina they talked about russia and saudis the saudi deal is something you have to get ahead of schlumb schlumberger >> do we know? i don't know where the latest talk in term of taking public as the country and as opposed to just business. >> where are some of the top people at what hotel >> they're at the ritz >> prince ali is still being held >> the rich is not necessarily the last place >> it is been a long time for those guys to be in the hotel. >> there is not a lot of due process in saudi arabia. >> no. >> i believe they are still being held at the same time i end up thiof chairman whoo, what ever happened to him? >> the ritz. >> they own the wall door, remember >> maybe they

schlumberger has been going up pretty much nonstop.nd i think that this is a kind of a cats and dogs thing that jeff immelt put together, but maybe there's -- >> $64 in wti. that helps >> it is the best -- it is -- but it is -- >> nobody's talking about -- ge? >> no, baker hughes. >> there seems to be a lot of -- that they will sell their majority ownership although not right away. >> can you sell it back? how does this structure, david -- >> not sure. >> i understand it's prohibitive to them. but everything's on the table. by the way, the chartists are telling me that it's out of this world. yesterday, warren buffett said it's still a great american company. >> it is the best performer on the dow. >> you know buffett would know he always understands the structure. >> he has a pretty good sense for what makes a good company. >> except he's missed the kr cryptoid move. >> but some would say there was a determination at ge that was marked >> it could be behind them, david. it could all be behind them. it could be in the past. >> really,

. >> when schlumberger saying they are not going to be in oil anymore.eally talking about them making a lot of money i think it was over at morgan today. when they say we're not dealing with you, you're not drilling because you can't drill without schl schlumberger. >> it's going to be a new high for morgan stanley could be new effort for chipotle after this piece, maybe they will get a takeover bid. >> interesting. >> we'll hear more about that after we take a break and get the mad dash and count down to the opening bell looking at futures on this thursday, we're back in a moment at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> a little less than seven minutes before we start trading here on a thursday time for a mad dash. always enjoy talking about netflix. we've got research on it this reference? >> a piece by ben swinburn, overweight international ads are going to be very good. why stay overwei

trump said he'll open up explorations, totally unlikely but you buy giant oil service companies schlumberger make money. mcdonald's offers a dollar pen you cheaper than what others have, you make money amazon is going to acquire target, you buy it and make money. you buy the defense stocks, make money. i can list many more opportunities that couldn't exist in any other market. they would have been picked over or simply wouldn't work because the companies would disappoint you when they finally got to the equivalent of the finish line. that's changed thanks to the trampoline of index money coupled with low interest rate competition and new investors coming back to the market to buy individual stocks, stock picking has become fun again. also rewarding provided that you aren't buying total clunkers with bad balance sheets that don't deserve to go up no matter what. we're living in the era that elon musk can miss his own projections. the tesla stock goes ever higher we have marijuana companies with barely a lick of sale that are $6 million valuations. why shouldn't a company that has a good produ

halliburton beating the numbers giving a good outlook so we saw energy names like halliburton and schlumberger. liz: a dangerous my craze that has consumer products giant proctor and gamble scrambling, viral videos of an internet challenge daring teenagers to eat tide laundry pods for fun we've got the details and also the senate just passing the short-term spending bill ahead of the house that vote could happen this hour we are monitor ing it but first newly- released text messages between fbi officials peter strzok and lisa page suggest they knew in advance that hillary clinton would not face any charges over classified information found in a private e-mail server. american senate for law and justice will join after this to jim comey and loretta lynch know ahead of time as well after this don't go away. let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for p

. >> you had a major breakout in oih and in halliburton and schlumberger >> it's not bad. >> sure, but when i go back to the xle over the last five years, it's up 2%. that's the hesitation, where the subsector of the stocks -- >> in the last three months it's up 18% >> you could have found bargains in refiners or other places. large integrated names have not participated >> let's move on >> let's >> we can ask john about oil we'll bring in one of wall street's biggest 2018 bulls, john, happy new year >> thank you, happy new year to you as well. >> you stay to stick with what's working. they pay you the big bucks to come out and say stick what's working? >> you also have opportunity to tweak as we go forward but right now, our favorite sectors, and i'm glad to hear what you all were talking about, materials, industrials, technology, consumer discretionary and health care. that's five sectors of the s&p 500 we're rating outperform. relating to technology, we're slightly underweight tech, it's 23, 24% of the s&p 500 weighting. that's a lot of exposure unless you're just dedicated to techn

halliburton following in the words of schlumberger, both giving positive outlooks for 2018 and beating the street. ceo seemed optimistic. deutsche bank positive they seem to have their budget. 6% for halliburton. that was a great move. energy was a big leader. back to you guys. david: thank you very much, nicole. liz peek and jason rotman, managing partner of lido isle partners. again the markets didn't car at all what was happening inside the beltway. but clearly better to see something passed that meant the government would reopen. >> everyone anticipated it would be a pretty short shutdown. in past shutdowns including the one under obama that lasted 17 days there was no marked impact on the economy. so i think, yes, basically the market shrugged it off, expecting it would not last long. expecting it wouldn't have much impact. david: jason, the focus now condition be clearly on froing the economy even more. making sure the deregulatory moves made in the first year of the trump presidency will be continued? >> exactly. there is a couple of big factors at play. obviously everybody know

schlumberger -- late cycle >> we'll get to apple this morning. iphone 10 on the spotlight after a rougheek for shares, according to nikkei, the company will cut production. it is slower than expected a holiday sale nikkei does not name any sources directly but warns what j.p. morgan warned last week. >> i went to apple management and say what do you think of super cycle? please no one can equal super cycle no one at the same time, you want to sell it and knowing they do have a little bit of money, they can distribute shareholders. they are already and are giving a lot of that money. >> right >> to shareholders and in terms of the buy back and dividends and everything else. there is no plan i heard of to return more cash to shareholders from the money they have paid the taxes on even though they deem the repatriation. >> i agree what you have to do is thread the needle i don't think anybody believes at this point that the next quarter is going to be as good as we thought. the question is are the earnings estimates going to come down enough that it is going to be expensive stuff. remember

for oil production really towards that 10 million barrels per day mark, just like we heard from schlumbergert outlook as well ceo saying i am mofkt about what we see in 201 with ceo jeff miller had to say this looking to occupy sided as looking at west texas 63.44 take a look at netflix ne net after the bell said this is an indicator not only for netflix but the entire market, this one did so well in 2017, amazon silicon valley companies watch for netflix how they do on quarterly results after bell up three quarters percent. >> third day today shutdown bipartisan group failed to come up with compromise over weekend on spending immigration, we are joined now about the host of "varney & company" coming up top of the hour, great stuart varney hey stewart. >> i got -- i wouldn't have a chance to say anything -- >> i got a smile on my face. >> oh. >> despite the fact i am roilly angry at the schumer shutdown, seems to me the government legal government of the united states of america has been shut down in favor of illegal immigrants, how is a guy like me supposed to think i came here willingly i

leading this week among the large caps is schlumberger up nearly 9%.vs health up 8% biogen and general motors both up more than 7%. back over to you >> cool stuff. thank you very much, leslie. but in the meantime, nat gas is down 3% today. even though we still have these frigid temperatures. in many parts of the country jackie deangelis at the energy desk to reconcile this for us. jackie >> good afternoon, to you, bill. the worst of the bomb cyclone seems to be over, leaving in its wake frigid temperatures, yes, but those are going to dissipate within a week or so and that's why nat gas is selling off today. traders looking at the ten-day forecast, and it will still be cold but nothing like the last few days we had a big run-up in the price leading to this storm, taking prices back above $3 today we're trading well under the $3 level what's interesting here, take a look at big names in the nat gas space. they're selling off today, yes, but they're lower for the last month and three-month periods as well why? well, it's because resources are pretty abun