stuart: elizabeth mcdonald, scott shellady and mike murphy. i don't think where you are.re an oil guy. we've got this missile that was launched over riyadh, saudi capital. this is a big deal. looks like the price of oil is going up, what do you say, scott? >> yeah, i agree. it's going to be supportive for the price of oil in short-term. let's remember, this is a geopolitical risk, that's what the market is reacting on. you go back to supply and demand there's still a lot of supply out there and when the market goes back to fundamentals you will see oil trade heavy, a big percentage move, $57 a barrel. oil is still cheap. so in the short-term, it's going to be volatile but long-term i think it passes. stuart: scott, you cannot throw cold water over my premise all the way over there from london for heaven's sake. i'm saying that saudis and iranians on the brink of war, very serious situation, what do you say? 20 more seconds. [laughter] >> yeah, it's a very serious situation, so is brexit and the germans preparing for the break-up of the eu and north korea and their militar

joining the conversation, scott shellady from tjm investments., he's still in westminster, and also here with us in studio david dietz and, of course, the unflappable -- [laughter] deirdre bolton. thank you all for being with us on this friday. let's take a look at this story. walmart customers are furious because walmart ran out of black friday sale items very quickly. deirdre, how can that be? >> i have no idea how that could be, and it's really a huge mistake, right? in this day and age, we keep talking about how every single retailer needs to protect itself from amazon. this is one of the biggest shopping days of the year, and walmart dropped the ball. i don't know how that happens, but it is bad news for them. they have tried so hard in recent weeks, and they actually successfully from their last earnings have been making inroads to hold onto some of their market share against amazon. that is to say you have an app, you can return something in five minutes. they're doing everything to make it easier. i have no idea how this happened. ashley:

so scott shellady, to we hit 24,000 by christmas?k, it's another easy math question, stuart, look at the number of trading days we have left and look at the small percentages that we seem to be cranking out every day, it's well within the reason that could absolutely happen borrowing any event. we will get there, it's not that far away. in terms of percentage terms it's not that big of a deal, yeah, it's absolutely possible. stuart: i think a lot of our viewers are in if for ride, they are not selling, they are on this ride and riding it through. that's what i think they are doing. you have -- you understand what individual investors are doing, they are riding this thing, aren't they? mike: they riding as they should be. people know that there could be, there will be a correction at some point but last hundred years, market goes 3 out of every four years. you look at the growth we have in this country right now and what tax reform could do for that, i think being along the market is the place to be and not trying to call -- liz: yeah

come on back in, please, scott shellady. do you think that is a good idea?> when i knew about the tie-up a lot of things came to my mind, stuart, but i have to admit this was not one of them. i'm not quite sure you capture those two markets in the same venue. we'll see what comes out of it. but at end of the day, i heard other folks say, it is not really going to be get a head of lettuce and a kindle at same time. maybe you have two people in your household will go shopping at same time, go two different areas of store. coy see that but not the same person. stuart: i don't know. i think spur of the moment purchase is not out of the question. kindle is relatively cheap. not like a huge expense. it might catch on. it might be something worthwhile, for those of us who don't particularly like buying online. that is different story. >>> retail ice age, here we go. jcpenney lost a lot of money but same-store sales are actually up. so the stock is up 17% this morning. it is still a $3 stock. it's a trader's stock, isn't it, scott? you can buy into that for a 5-cent

smith, gerri willis and scott shellady. of this that the markets have been priced in for these tax cuts and when they are, what do you think? >> that probably could be a little bit of the case, but the market as the volatility kicked out of it. the central banks around the world, europe and asia on the market with cash. nuclear war on our doorstep hasn't really taken the market any lower. every time we fail at being volatile, the market kind of stance in there and people richer return again and buy stocks on any slight good news. i think if we don't pay taxes through and i don't think we're going to this year, if the market traded higher. >> you could do the argument be careful what you wish for, you might get it because once americans assuming this is past start looking at their paycheck in a game that had presumably from the tax cuts, many would be disappointed and i might comeback to by republicans. what do you think? >> i agree with you completely. i believe there are some big surprises awaiting people. i want to addres

i will ask that question to moody's economist and scott shellady with tj am investment, still hangingn for some obscure reason. are there currently trades going your way? >> more like witness protection program. >> we don't have any more volatility, investors are comfortable, less cautious, as long as things stay the way they are and i think they are well, insights lose volatility will lead the way as long as it is low, it will continue as it trades and we have a good chanting 24,000 barring any volatile or calamitous event. stuart: what do you say? >> less then 2%, volatility will stay low, looking for a decent holiday shopping season. at the same time, no sign of upturned inflation that might increase inflation risk stuart: next one, two big banks who see the market next year differently. we have goldman sachs, they say next year we have an 11% gain for stocks overall and bank of america which says the bull market will run out of steam next year and come to an end. goldman sachs, the market goes up, bank of america, the market plateaus. >> earnings, interest rates won't rise sharply

the managing director of moody's and scott shellady with tj am investment.i'm prepared to say i think there's a 90% chance, there's a 90% chance we get this done. >> i look at a recent survey of 50 some odd economists and only a 30% probability to the tax deal, you are absolutely -- i think it is going to happen. a lot of pressure to shoulder the voters back home, get us out of the way, you want tax reform, provide support in 2018 if you want to be reelected. stuart: i say there's no way the republican party to turn down tax cuts at this late stage. there is no way to actually reject tax cuts which are bedrock republican policy. >> they shouldn't. what we are caught in his analysis paralysis. it happens to traders when they think of something, we got a good chance. district to -- that. i went to see something by the end of the year. you think they put everything together and get their ducks in a row. >> 10%, trying to mess with the firm. they spent it on technology. he went on to say you get the tax-cut in place and the top 20% rate on corporations will real

stuart: before we leave, everyone, and scott shellady, where are you? >> it's kind of like where's carolina. >> right where you belong in the united dates of america. a loss of 50 points. stuart: signature cord cutters. streaming service for free. there is a catch and we'll explain it. next come and be prepared be amazed. a mentalist on the show. he is going to read my mind. this guy is a sensation i promise. i promise you will be amazed. back in a second. ♪ what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid ca

stuart: scott shellady is with us. scott, are you in america or london? you're in london, okay.er] now, if you've been watching us, scott, you'll know the broad outlines of this plan. i understand that it can be changed in the future by the senate, but the broad outlines is what we've got. do you think that this stimulates the economy? >> yes. with a real broad brush, stuart, listening to what you've had to say and watching the program and reading it myself, i would say two big things. number one is remember those states, those blue color states that really changed my mind, i think trump's rewarded a lot of those people with this tax plan, right? he's rewarded his base, number one, and he's rewarded america, number two. that 5% repatriation tax is a lot bigger than i think we're even talking about right now. i mean, think about it, it's over $2 trillion. our economy in the states, our gdp is $18 trillion a year. so it's about 12% of our economy sitting abroad that we can bring back in at 5%? i think that's huge. stuart: but the left will demagogue it and say it's a giveaway to b