find out what tom lee says could know dive in the new year. plus, a nightmare on the street of streams, but we have four stocks that you might want to hide out in. those names may surprise. . more fast money after this. santa has a magic snow globe for every family. and this year, look at what he put in our driveway. the lexus december to remember sales event is here. lease the 2016 es350 for $349 a month for 36 months and we'll make your first month's payment. see your lexus dealer. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. ♪ the lexus december to remember sales event is here. lease the 2015 gs350 with complimentary navigation system for these terms. see your lexus dealer. >>> welcome back to "fast money," everybody. tak

tom lee joins us. great to have you with us.utual fund managers are extremely desperate this year because they underperformed their benchmark so badly. >> yes. it's a gloomy year. i think everybody would like to just close the books and say let's forget this ever happened. it's the worst year for active managers really since 1999. there's about 77% of funds are missing their benchmark. it's a huge number. >> there are a number of funds on that knife edge that could go from slightly negative to slightly positive. this large cohort which is probably more than half of that 77% just needs one or two good days to actually beat the benchmark. we are talking about one basis point that could move the needle. i think you'll see people try to be opportunistic. it's been a topsy turvy couple of days. >> managers aren't going to sit there and hope for things to go up. what are they actually doing to get off that knife edge? >> right now, we are having a lot of conversations with clients thinking about what next year means for them. i think

tom lee is founder and head of his own research fund, fundstrat global advisers. good to see you. would you buy walmart at today's values, and how long do you expect you might need to wait to get paid if you would buy it? >> yes, i would definitely buy walmart today, because one, you know, it's an iconic company. i think in two years, the stock could easily rise 50%, and that's just having its pe go from 13 times to the retailer's average of 18 times. you might ask, well, if you're talking two years, why would you buy the stock today? i think a couple reasons. one is, you know, it's paying a great dividend yield. that's why it's a dogs of the dow. its dividend yield is 3.2%. that's well above how much its bonds are paying. so, if you're looking for income, you're way off better buying the stock than the bond. and the other is, the pe could actually go up next year because the pe's really based on earnings revision. and the cycle of negative earnings revisions is slowing, so there's a chance for the pe to go up next year before you start to get the earnings recovery in 2017-2018. >

tom lee. much more ahead in the next 20 minutes of the bloomberg market day.iolence is never far from israel. how does this affect the stock market there? we speak to the chairman of the tel aviv stock exchange. and sears posting another loss. how much longer can this retailers survive? we analyze the move with the former ecb president on bloomberg markets. ♪ betty: good afternoon and welcome back to bloomberg markets. israel's booming tech scene has given birth to a number of hot stocks many of which are listed in the u.s. investors can invest on the startup nation. it tracks 65 israeli tech companies. the chairman of the tel aviv stock exchange visiting us and joins us now. thank you for joining us. >> thank you for the opportunity. >>betty: i hear a lot about the israeli tech scene. it seems inevitable. why is this important? >> this is a great opportunity for the foreign investor to buy this eta that combines israeli companies in new york stock exchange, nasdaq other places. it reflects the great creativity of our industry and providing to the world someth

that's one of the biggest bulls on the street says, tom lee. thank you for joining us on this new year's leave and bracing the crowds in times square. >> it was kind of tough to get here tonight. >> once you're here it's nice. >> it is. >> the thinking we had a down year and we don't usually see back-to-back down years. >> yes. 2015 was a disappointment. the dollar, oil, high yield weighed on the markets. it's rare to see stocks post two flat years in a row. either a bear market starting or a double-digit year. >> a pretty big difference. that's really opposite sides of the spectrum. >> correct. the chances of a bear market would be you have to have a recession. you would have to say did everything that happen in 2015 create condition for recession? if you think high yields are going to take down the tape, why are the banks holding up well? i don't think we are going to have a recession. flat years are followed by a double-digit gain. >> we love having you on. you did get 2015 badly wrong. your price target for 2016 is almost where you had it 2

in the low 1700s in the dow, but -- low 2,000s, but tom lee says we're limping into the year end, hetdt global advisers, and i feel your pain. we are. also, joining us is president of global strategies, and the fed's going to force to lower rate the in the first half of next year. welcome. >> thanks. >> so, you know, you were talking big. it was not going to happen until 2017 on the fed, and now you said they were not going to raise, and now that they have, why don't you just say, okay, maybe i should have not have had that forecast? you still clinging to it even though they raised. what do you see that makes you so sure it was a mistake and they just have to end uptaking it back and maybe even doing more? what in the economy looks so weak to you? >> joe, give me credit for what i have been saying. i've been saying on your channel for a long time that the u.s. treasury ten year yield goes below 2%, and if you believe consensus, the ten year yield is between 3% and 3.5%. we are no longer there. we had the people talking about the fed hiking interest rates from 2014 on ward. this happene

this morning, tom lee says the top ten stocks in any given year rarely repeat the next year. >> i think that is not a bad judgment. >> he remembers unp and berkshire a couple years ago. >> the market is fickle. there is great long-term stories that can give up. i know i was concerned that would be the top and they kept going and going and going. longer term people should not sell those because those are companies that have great franchises and great balance sheets. by no means do i say we're in a bear market. i'm saying that i am taken aback by some of the things occurring and that typically with gasoline down, i would like to be bullish and maybe it can happen. but when a company can't redeem debt, you know, what do you do? i don't want to mention other funds that have similar assets because if i were -- i said last night that if you own stocks that are funding a dividend with borrowing money, i want you to sell 50%. if you're in emerging market bond funds, sell them tomorrow. this guy beat me to the punch. >> the important story of the morning may not make the broader headlines -- >>

lee, cbs 2 news. secretary of agriculture tom vilsack and his wife christie spoke before clinton took the stage.the former iowa governor praised thththree students for aggressively campaigning to secure clinton's visit, saying generations to get involved in iowa's political scene.he said *he supports clinton for her stances on helping people with mental illness and substance abuse.christie vilsack reflected on her time as an educator and a mother, and said she also believes clinton will be a great public servant. on t t g-o-p side, donald trump's lead over ted cruz is shrinking.a quinnipiac poll released today shows trump is only ahead by four-percentage points.florida senator marco rubio ounds out theheop three with 12-percent support. the university also asked voters if they would be happy to have donald trump in the white house.50-percent of those polled said they would be embarrassed to have trump as a president, 23-percent said they would be proud. for more political headlines, be sure to tune into iowa in focus this weekend.it airs every sunday morning at 10:30, in marion tonight, police are investi

[fireworks] tom hanks: washington city celebrates robert e. lee's surrender with a grand illumination. candles burn in every window, public and private. fireworks and cannon volleys proclaim victory. on april 13th, booth visits grover's theater and learns that a production of "aladdin! or his wonderful lamp" is planned for the next night, april 14th. good friday. and that the president has been invited to attend. booth arranges for a ticket to the box adjoining the president's and informs his co-conspirators that the plan has changed from kidnapping to murder. that on april 14th, lewis powell will kill secretary of state seward. david herold will accompany powell and lead him across the navy yard bridge and into maryland. george atzerodt will kill vice president johnson in his room at the kirkwood house hotel. and booth will kill lincoln during the performance of "aladdin" at grover's theater. [watch ticking]. tom hanks: with little more than 24 hours to live, abraham lincoln rises at 7:00 am and writes four brief messages, including one instructing

tom: i hope so, too. get clarification here. congressman lee see you, thanks for your service. >>> a scary scene for bystanders shopping during the holidays. video captured a hoverboard catching fire still in a box in texas. mall employees used fire extinguishers to put out the fire. they evacuated the entire mall. no injuries were reported. as federal safety officials are reporting 2200 explosions in 17 states. >>> and former pro boxer mike tyson just got wiped out. the champ riding his daughter's hoverboard when, you guess it, he lost his balance, whoa! seems tyson finally met his match. yeah, that's something to beat mike tyson. we're coming back with much more, stay with us. >> a new intelligence report on russia warns of massive buildup of forces. what's vladimir putin up to and how big of a threat is this to the united states? we take it up with major general bob scales here next. >>> and residents of this california city are up in arms this is the one place we're not afraid to fail. some of these experiments may not work. but a few might

tom: i hope so, too. get clarification here. congressman lee see you, thanks for your service. >>> a scary scene for bystanders shopping during the holidays. video captured a hoverboard catching fire still in a box in texas. mall employees used fire extinguishers to put out the fire. they evacuated the entire mall. no injuries were reported. as federal safety officials are reporting 2200 explosions in 17 states. >>> and former pro boxer mike tyson just got wiped out. the champ riding his daughter's hoverboard when, you guess it, he lost his balance, whoa! seems tyson finally met his match. yeah, that's something to beat mike tyson. we're coming back with much more, stay with us. >> a new intelligence report on russia warns of massive buildup of forces. what's vladimir putin up to and how big of a threat is this to the united states? we take it up with major general bob scales here next. >>> and residents of this california city are up in arms over what's appearing under foot. "lou dobbs tonight" continues right after these messages. three sprea

tom: did you go see it? vonnie: i saw it last weekend. ofn i have to do a whole day academy nominated films. i want to see the spike lee movie. movies. tom: this is exciting. james steel with us, and george bory from wells fargo. from hsbcl is with us on gold and the absolute reality is that it has been a bear market and you are finally calling bottom. it has to do with currency and dts. this is gold, inflation adjusted to 1947 when the play should numbers click in. the numbers clicked in. james: we have now a substantial part of the world that is active in the gold market, which had not been the case previously. do not forget that gold was suppressed for a very long time, with bretton woods right into the 70's. so this huge rally we had into the 1970's leading up to the end of that decade was a hair trigger mechanism. tom: nixon releasing, etc. james: exactly. and with inflation decades later the gold arc it has called -- has-- with the gold market called banged down. tom:'s gold and inflation hedge? is gold a currency? what the hell is it? james: i think it is a good portfolio diverse of fire. or.iversify there is a markup o

toms river. we have several reports on the weather, last-minute shopping, and christmas eve mass. we begin with meteorologist lee goldberg. what a warm christmas eve. >> it's a south florida christmas, dave. guess what, i don't know if you see this but one of santa's elves. sir, would you forward just a little bit? one of santa's elves in flip- flops. this is only three degrees cooler than july 4th. check out the weather graphics. the warmest christmas eve ever, in the middle 70s. it continues to be a balmy night. there's the empire state building in christmas colors. an even 70 at 9:00. the normal high 41. look at those record highs shattering the daytime records. just a few degrees shy of the as warm as atlanta today and way warmer than phoenix and el paso. we have cooled off in the suburbs. there's a little area of showers working through morris county into essex and union county. a brief sprinkle in south brunswick. all those thunderstorms will stay off to the south. here is what you need to know. sick for santa. we are tracking somewhere over switzerland. more record warmth. rape could be knocking on the do

lee, fox 28 news. joining clinton in keota today, u-s ag secretary and former iowa governor tom vilsack.he praised the students for their involvement in politics.vilsack had already endorsed clinton for president, citing her policies on helping people fighting mental illness and substance abuse. `clinton still faces a competitive primary challenge from vermont senator bernie sanders. sanders.today, the sander's campaign announced it had received more than 2-point-3 million donations. the total breaks down to less than 30-dollars each.the sanders campaign says that proves a grassroots campaign with no special interest money can succeed.sanders is trailing clinton in iowa according to the latest polls, but continues to lead the national front runner in new hampshire. updated count on the number of people who call iowa home. home.according to the u-s census bureau, there are now more than three-point-one million iowans.that number is 77-thousand higher than the last official count in 20-10. but iowa's population growth is far behind t national average of four percent over the past five years. safe to say

tom: you wrote about wiley don't thinkrday, i that translates into paris. lee'sor the international audience how janet can avoid international mediocrities, including the challenges that mario draghi has. >> the fed has backed off of their qe 12 months ago. mario draghi continues. i's statement yesterday was interesting. he gave the market most of what they wanted. he is still in a whatever it takes mode. he did give them quantitative easing for six more months and included additional assets. it seemed like a very stimulative type of forward statement. had the defense that the amount wasn't increased. that perhaps the ecb is the last best in of quantitative easing and easing monetary policy. tom: this is an incredibly important question. how many billions of dollars to -- billions of dollars did you lose yesterday? have lots of calls. lots of calls on the five-year and 10-year. i made a lot of money. make a lot of money on those particular trades. that was bill gross speaking with tom keene and michael mckee. coming up, on the heels of news that uber will seek to

tom griffith. let' s go to wmur' s mike cronin who is live outside the mall with details on what' s happening. officers at entrances around the mall. most of them have left. lee still investigating at one entrance. you can see part of the glass door is shattered. take a look at this video. you can see the bottom panel was smashed. police only saying that they responded to an alarm and there is no danger here. we don' t know what happened inside but more than a dozen cars were here. we saw officers walking in and out of one of the entrances and using their flashlights. along with place, we know the operations manager was here walking with them. stay with us and we will keep you posted. live in concord, mike cronin. mike: we will keep you updated. tom: unseasonably warm many outside at the beach. hampton beach was full of walkers and even surfers today. chief meteorologist mike hadad tells us if the warm weather is going to last. mike: above normal temperatures well, at least through the day tomorrow and possibly into sunday. take a look at this. we will not see this for some time. the pattern is changing to the north and west. we will feel the cool air buildin

lee goldberg would be on the list. >>> male bonding films topped the list of the 25 films added to the film registry. the tom cruise film top gun and shawshank redemption were chosen along with the movie ghostbusters. since 1989 the film registry selected 675 movies to be preserved because of their cultural historic or importance. >>> five people arrested for scamming a grandmother out of hundreds of thousands of dollars. tonight hear from the victim about the con and what she wants to have happen to the suspects. >> "star wars" man i can't in full effect. meet a man in new jersey whose holiday season's just like football season... you got your big games... ...and regular games. get it all at a great price... ...and the holiday season is won. everything in one place. holiday season's just like football season... you got your big games... ...and regular games. get it all at a great price... ...and the holiday season is won. everything in one place. my stop & shop. >>> a day on the gridiron when a district attorney tackled a suspect in oklahoma caught on camera. police say when a judge told a robbery suspect h

lee side of the george washington bridge back to the east. it will be nice. 38 new city is the temperature in rockland county. 26 toms river. we have a clear sky. hardly any wind at all. temperature has dropped off. light southwest wind will warm things up nicely. a great ride on the ferries. get in and enjoy. beautiful sunrise with a temperature of noon at 50. at 3:00 about 53 degrees. it will get into the 60s later. >> i want to take down my christmas decorations and put them back up because it's beautiful. >> great idea. >> let's do that. >>> let's go to a camera first and talk to you about what is going on at the george washington bridge. you can see you are bumper to bumper. we head to the maps and talk cross bronx east and jerome avenue an accident involving a tractor trailer. two lanes are closed down. 50 minutes to get to the upper level. go with the lower level noncommercial vehicle. d trains bypassing 18th with activity. street cleaning rules are in lori, over to you. >> all right, thank you. heather. >>> well, tonight is the second night of hanukkah which means jewish people around the world will light another ca

lee portrayed by thomas jesse. thank you for joining us and being with the viewers as well. >> thank you. >> thursday, on c-span 3, programs about world war ii, 8:00 p.m., tom brokaw on the war's impact on america and the world. at 9:10 p.m., the world war ii victory in europe 70th anniversary ceremony. 10:25, victory in europe 70th anniversary flyover. later, 11:15, the victory over japan 70th anniversary ceremony. world war ii, american history tv. 8:00 p.m. eastern here on c-span3. >> all this week on c-span2, q and a interviews. thursday, andrew ferguson talks about 2016 presidential contenders, president obama, cost overruns of the planned eisenhower memorial and a growing number of journalists and pundits in washington, d.c. 7:00 p.m. eastern, thursday, c-span2. this holiday weekend, american history tv on c-span3 has three days of featured programming beginning friday, 6:30 eastern, to mark 125th anniversary of the birth of president dwight david eisenhower, his granddaughters, susan, ann, mary eisenhower gather for a rare family discussion at gettysburg college to talk about his military and political career, as well as legacy, relevance for 21st ce

with the honorable mayor ed lee and president of the police commission suv's and greg suhr and the command staff the police department deputy smith and michael redman and gary tom and deputy chief ali and robert mows and o'sullivan and tom nolan chaplain and ann maddox and commander thank you and thank you for being here (clapping.) distinguished guests and family members and friends i'm the chief of staff and greg suhr i welcome you to the promotional ceremony between january 17th and september 26, 2015, ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ in >> thank you lieutenant o'connor will you rise for the posting of the colors. >> please remain stand for the national anthem present arms. >> oh, say can you see by the dawn's early light what so proudly we hailed at the twilight's last gleaming? whose broad stripes and bright stars thru the perilous fight, o'er the ramparts we watched were so gallantly streaming? and the rocket's red glare, the bombs bursting in air, gave proof through the night that our flag was still there. oh, say does that star-spangled banner yet wave o'er the land of the free and the home of the brave? (clapping.) >> thank you chanel i don't th

lee that has stood for over 131 years. the mayor signed the order. you can get more on these and other breaking stories at bloomberg.com. it was extremely talked about down there. tom it is to die for. vonnie: it is amazing. pecan or pe-con? a price change. i will let them explain this. oil cannot find a bit. this is the reset this morning, well under 35 on west texas intermediate. this has real ramifications from the desks of credit suisse and for pimco as well. you wonder, is it the horse or the cart? james sweeney, is this about donner -- about dollar dynamics getting in front of janet yellen, or is it about oil dynamics? james: it is about oil dynamics. there is an oversupply, and now it is getting crunchy on the way down. is it overshooting? that is the hard question. tom: how does he do that? james sweeney knows right wire i am going. ? commodities can overshoot the richard: absolutely. it is a classic example of the durham bush insight. i completely agree. the perfect storm for commodities -- is demand soft? yes. 100 to 30 infrom 15 months. i agree, i think oil has overshot. that is a view that we have a pimco. we have overshot on oil. vonnie: we also have -

with the honorable mayor ed lee and president of the police commission suv's and greg suhr and the command staff the police department deputy smith and michael redman and gary tom and deputy chief ali and robert mows and o'sullivan and tom nolan chaplain and ann maddox and commander thank you and thank you for being here (clapping.) distinguished guests and family members and friends i'm the chief of staff and greg suhr i welcome you to the promotional ceremony between january 17th and september 26, 2015, ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ in >> thank you lieutenant o'connor will you rise for the posting of the colors. >> please remain stand for the national anthem present arms. >> oh, say can you see by the dawn's early light what so proudly we hailed at the twilight's last gleaming? whose broad stripes and bright stars thru the perilous fight, o'er the ramparts we watched were so gallantly streaming? and the rocket's red glare, the bombs bursting in air, gave proof through the night that our flag was still there. oh, say does that star-spangled banner yet wave o'er the land of the free and the home of the brave? (clapping.) >> thank you chanel i don't th

lee, thank you very much. you know, this and trymaine was just talking about this, this has happened over and over and over again. tom us a view of some of the historical perspective of what we as a country have been dealing with for some time now. >> yeah, i mean, it goes back decades. jose, good morning. this case was actually the second mass shooting we had just yesterday, earlier in the day, three were wounded, one killed in a mass casualty event in georgia. there are so many of these events. many of them fade in our collective memories. >> reporter: it's a never-ending list of shootings. june 17th, a church in charleston, south carolina, nine people killed during a prayer meeting. october 1st, a community college in oregon, nine dead. and just last week at a planned parenthood clinic in colorado springs, three more americans lost their lives including a police officer. >> in the united states, we have the power to do more to prevent what is just a regular process of gun homicides. >> reporter: there have been more mass shootings this year than there have been days. according to ma massshootingtracker.com, so far

with the honorable mayor ed lee and president of the police commission suv's and greg suhr and the command staff the police department deputy smith and michael redman and gary tom and deputy chief ali and robert mows and o'sullivan and tom nolan chaplain and ann maddox and commander thank you and thank you for being here (clapping.) distinguished guests and family members and friends i'm the chief of staff and greg suhr i welcome you to the promotional ceremony between january 17th and september 26, 2015, ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ in >> thank you lieutenant o'connor will you rise for the posting of the colors. >> please remain stand for the national anthem present arms. >> oh, say can you see by the dawn's early light what so proudly we hailed at the twilight's last gleaming? whose broad stripes and bright stars thru the perilous fight, o'er the ramparts we watched were so gallantly streaming? and the rocket's red glare, the bombs bursting in air, gave proof through the night that our flag was still there. oh, say does that star-spangled banner yet wave o'er the land of the free and the home of the brave? (clapping.) >> thank you chanel i don't th