Im wilfred frost. The last show of the year. Last trading day of the year last friday of the year. Lets look in on what the Global Markets are doing. Dow jones called slightly lower as is the nasdaq s p slightly higher. We are heading for slight gapes for the week month to date gains for all three indices. The ninth straight month of gains for the s p and the dow. Sixth straight month of gains for the nasdaq lets look at the dow. Good quarter this quarter has been we have the dow up 11 the s p up 7 . Nasdaq up 7 fantastic quarter for the dow. The Consumer Discretionary the best sector in the s p so those good numbers were starting to hear about for the Holiday Shopping season, maybe they were priced in. Those stocks with a good quarter. Lets look at the nasdaq yeartodate, up 29 the dow up 26. 5 the s p up 20 been a fantastic year. Tenyear treasury note, yields have slipped this week up slightly this morning, 2. 42 in the course of a week yields have slipped significantly were back above 60 for wti been a good year for oil prices. Up about 2. 5 for the month. A massive 16 just this quarter alone. A strong rally late in the year. Wti looks like it might well close above 60 for the year asian equities are mixed in terms of the developed market, japan, similar performance for the year as the u. S. Markets, japan up 19 china up 7 . Hong kong up 37 certain emerging markets have been extraordinarily good. Argentina up 70 european trade for you in terms of those markets, showing the u. S. Up quite significantly. For the year as a whole, only germany and france just into double digit termritory the ftse up 7 , 4 of which has come this month. Playing catch up at the end but not double digits. So european performance, does highlight how strong the u. S. Has been when we look at asia, outperforming in terms of certain of those markets broader markets, metal prices, copper, as we said, on a great run. Just pulling back today after 16 straight sessions of gains gold having a decent year. A riskoff metal, but in a riskon year has been up 12 for the year next up, dollar prices they have slipped significantly this week in terms of the gains we saw earlier in the month on the hopes and then passage of tax reform this week giving up quite a lot of that. Losing 0. 3 , 0. 4 today. Bitcoin to round things off, looking at around the 14,000 level. Lets discuss markets a bit further. Joining me is guy adam mi. Good morning good morning. Happy new year fantastic returns for the year as we look into 2018. Can we do the same again . No, i dont think so. People think well have a better year i think the [ inaudible ] i think some of the euphoria of this tax reform, repatriation will wear off and the reality will set in. I dont think that will happen until spring not a fantastic line, if you could get to a window and get better signal. In terms of sectors that were looking at for next year, will it be a simple switch . I think in the first half of the year you will see a continued resurgence in these financials in terms of valuation, theyre still relatively inexpensive i think youll see a continued move to the upside in a lot of these deep industrial names. I also think that steel stocks and copper stocks that you mentioned will continue to rally. But they will peter themselves out by the spring. Again, you have the tenyear yield, we started last year around these levels and finishing around 2. 42. But what people dont want to acknowledge is the front end of the curve continued to ratchet higher while the back end continues to go down i think the yield curve will invert a lot faster than people think. Guy, we have to leave it there. Its not a fantastic line. But happy new year to you and look forward to more conversations in the new year. Catch guy and the rest of the fast money traders every monday through thursday at 5 00 p. M. Eastern on cnbc. Its a mustwatch show. Apple is apologizing for slowing down older iphones landon dowdy has the details happy friday. The iphone maker says were sorry in the wake of customer outrage and lawsuits after it admitted it slowed down older phones the tech giant is apologizing for its handling of the situation. Apple says it will make changes to try to regain customers trust. Starting next month it will kit the price for Battery Replacement force the iphone 6 and later phones to 29 down from 79 in a blog post to consumers, the company said we know some of you feel like apple has let you down we apologize theres been misunderstanding about this issue so we would like to clarify and let you know about changes were making look at the stock. Shares are up 47 yeartodate the stock is up just slightly in early hours. Back over to you an apology that needed to come i wonder if its too late. Netflix Ceo Reed Hastings is getting a big pay day. He will receive 28 28. 7 million worth of netflix Stock Options in 2018 in addition to his 700,000 base salary netflix stock is up more than 55 in 2017. It puts into perspective the 13 13. 8 million of pay that tim cook at apple was awarded yesterday. The other difference is that tim cooks was largely in cash Reed Hastings is largely in stock. Kind of offset Reed Hastings is getting more but tied to company stock. Happy new year to both of you. Uber and softbank reaching a long awaited tender agreement. The deal values uber at 48 billion. Uber says it will use the investment to fuel growth and strengthen corporate governance. That valuation the peak of what it would be. We dont know what the kcovenant are of what softbank was offered. Sandridge energy is dropping its deal to buy Bonanza Creek following pressure from carl icahn. Last month shaamongst sandridge would pay 7 750 million for bonanza. Softbank has bogught more shares of sprint sprint down 0. 2 this morning. Huntington ingalls is being added to the s p 500 they will replace cr bard. Huntington is flat in todays trade. Still ahead, cold as ice Natural Gas Prices continue to move higher as a cold snap grips a part of the nation coming up, a deep dive into the Energy Sector and what to expect in 2018. Pass please. Im here to fix the elevator. Nothings wrong with the elevator. Right. But you want to fix it. Right. So who sent you . New guy. What new guy . Watson. My analysis of sensor and Maintenance Data indicates elevator 3 will malfunction in 2 days. There you go. You still need a pass. There you go. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley welcome back to Worldwide Exchange. Im wilfred frost. Lets get you up to speed on market action. Dow is down 10 points. Nasdaq down about 3 points the s p is slightly higher slight gains yesterday so slight gains for the week decent gains for the month around 2 . Nine months in a row for the dow and s p. Massive gains for the quarter and the year oil prices, lets look at those. We crossed above 60 60. 2 for the wti price on the topic of energy, arctic cold gripping the midwest, east and south with frigid temperatures approaching record low levels Natural Gas Prices rising more than 13 since this time last week on strengthening demand and the outlook for more freezing weather. Well have more on the record temperatures coming up in a few minutes. Sticking with energy, crude prices hitting multiyear highs, but will that rally continue into 2018 . Heres Jackie Deangelis with your Energy Playbook commodity Price Fluctuations continue to surprise gold lost its luster, oil never rebalanced and gasoline prices remained high even with more supply coming online heres what to expect in 2018. Gold prices stall. In 2017, gold lost its safe haven status as stocks rallied the precious metal traded more on fed related move and will continue do so next year with the expectation of rate hikes on the horizon expect gold to continue to stall in 2018 oil is range bound crude moved from 40s to 60 a barrel that push and pull will continue next year. Shale producers will pump, opec will hold its cut, but those two opposing forces will jostle the market gasoline prices remain high. Gasoline prices always rise faster than they fall. The average price for a gallon of regular gasoline wont fall below 2 lets talk more about the Energy Market in 2018, joining me now is helena croft, a cnbc contributor. Good morning good morning. I dont flow whether know whk about the spike in natural gas or the oil in 2018 lets talk about the natural gas spike. How long would that continue or last part of it is how cold the weather lasts. In 2017 we had a mild winter so we have better demand and we have actually exports which could give support to natural gas this year. If we look at henry hub prices here versus asian lng, theres a big price differential is this a structural change in terms of what the u. S. Is likely to export . One of the stories is demand from mexico for u. S. Gas we expect this to continue we are constructive on the gas complex this year. Lets touch on wti. Crossing 60 overnight. Its been a good year, fantastic quarter. Does that mean too much run up has happened late in the year for you to be kruk tconstructiv 2018 we expect some softness in demand, but one big push for oil prices has been geopolitics. We have to watch several big stories in q1. First in january, President Trump will have tomake the decision on whether to extend the waivers for irans sanctions. If he says im not going to waiver sanctions anymore, those sanctions will come back we have to watch venezuela they have a big debt payment to make in february so theres all these geopolitical stories which could give movement to prices higher, even though the fundamental should imply a softer price. Iran is a story we focus on venezuela as well. What is the most important one its almost like whats your story of the day this week its libya we had a return to pipeline attacks in libya libya is having elections this year thats a usual suspect when we think about the story. A big back drop in the last quarter has been concerns about stability in saudi arabia. New concerns about the middle east weve had missile attacks from yemen into saudi arabia. The saudis are taking a much more aggressive line against iran so theres a whole bunch of stories percolating. Its a question of which one comes to the fore. Talking of the saudi picture. The deal with russia and the rest of the opec countries, clearly we got over the hurdles of the opec meeting. Can that continue throughout the year it already surprised people in 2017. Will it do so again . Vladimir putin is incentivized to have a Higher Oil Price going into march elections. Once he gets past that election cycle what do the russians want . The corporates want to go back to producing maximum production. They say theyre fine with the 40s. But Vladimir Putins war chest is higher in the 60 plus oil price environment. In terms of demand for 2018, Global Growth has picked up. Is that something that can continue or is that a cyclical catch up no. The demand environment has been krconstructive constructive theres nothing to indicate that chinese demand will go off a cliff. The weakness or concerns about oil are concerns about u. S. Supply will we have so much supply coming out of the u. S. Triggered by the rally in prices that were back to sort of a low 50s high 40 environment . We think the demand picture remains constructive we think the owe pick agreement will hold. Yes, well have u. S. Production but the outlook for oil is favorable next year. To round things off, softness in q1. What is the yearend target for wti . We think yearend, low to mid 60s. But the question is watching geopolitics. If you say how do we break out of this range, it would be a geopolitical story thank you very much happy new year thank you. Still ahead, forget your new years hangover, why the new tax code could be the cause of your headache coming january 1st. As we head to break, heres the National Forecast from Michelle Grossman good morning a cold day once again. Frigid across the area for millions especially the Northern Plains to the northeast, the great lakes, even parts of the south. We have not seen the coldest air yet that will arrive on sunday looking at temperatures today, bitter arctic blasts looking warm in the southwest and the southeast. 5 degrees today with snow falling in minneapolis to the northeast, were about 30 degrees below what is typical for this time of year. 17 degrees in boston 24 degrees in new york looking further towards saturday, the bitter cold continues. Not as cold as sunday but still dangerously cold thats your business travelers forecast more Worldwide Exchange when we come back your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Yes or no . Gin. 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 its time for power e trade. The platform, price and service that gives you the edge you need. Looks like we have a couple seconds left. Lets do some card twirling twirling cards e trade. The original place to invest online. Welcome back to Worldwide Exchange. Im wilfred frost. Lets get you up to speed on the market action. Futures pointing to a mixed picture. The s p slightly higher. The dow and nasdaq lower we are slightly higher for the week higher for the month and higher for the quarter and year weve seen the slip over the course of this week. Down 0. 3 against each of those three major pairs. Euro, yen and pound again this morning. Back to lows not seen since late november the early december recovery on hopes of tax reform filtered away as 2017 comes to a close, we head into a new year with a new tax code and a bunch of new headaches. Ylan mui has all the latest details from washington. Thats been republicans promise, trying to ring in the new year with a new tax code it will take a couple weeks before you see changes in your paycheck and thats because companies are waiting on guidance from the irs on how much money to withhold from wages to make sure youre paying the right amount in taxes. The irs did issue a statement this week saying they expect to provide that information sometime in january. It will encourage businesses to put that into effect in february i talked to adp, they said it would take them a few days to make the switch. For Small Businesses handling this on their own it could take them longer. Kathy pickering says theyre fielding a flood of questions from not only clients but also from tax preparers this is absolutely crunch time for us. Its normally crunch time any way, just getting ready for filing season. With the tax change this big, its really adding on another level of questions, interest, curiosity. People care about getting it right. Eventually workers may need to update w4s to reflected the deductions they qualify nor. The danger is that you underpay during the year and end up owing a huge tax bill in 2019. In the past the irs has waived penalties for underpayment to give households and businesses breathing room during the transition period, no word on if the irs plans on doing that again. Aside from whether certain people will be getting a tax cut in new york, new jersey and other states getting a tax hike, one aspect of the bill was meant to be simplifying it clearly for the transition period its far from simple. What about once we get past the transition date . Will people look back and say its more simple for me to do my taxes . Republicans say more than 90 of households will be able to file taxes in 2019 on a large postcard but a postcard nonetheless. But for some businesses, pastthrough businesses, Small Businesses, they could face a much more complicated tax code because the rules surrounding who qualifies, who doesnt, how much money qualifies for deductions, that gets more complicated under the new rules. A broad question as we kick off next year, how much wind is in the sails of President Trumps Administration Thanks for getting this over the line, despite the lastminute complications . This was major. This was the single biggest legislative win for the Trump Administration in 2017 i think the big question is whether they feed to do anything else in 2018 they talked about infrastructure, entitlement reform, even if neither of those things get done, will this be enough to carry them through the midterm elections and let voters reward them for passing this important legislative item whatever they do or dont get done, we look forward to your coverage for next year happy new year happy new year. Still ahead, a round up of the top headlines and a check of Global Markets and why now could be the best time to get rid of the sin stocks in your portfolio well expln enaiwh Worldwide Exchange comes back out with the old, in with the new, whats in store for your money as we head into 2018 . Will bitcoins incredible run continue in the new year. And making money resolutions. Why now could be the best time to kick the sin stocks out of your portfolio its friday, december 29, 2017, youre watching Worldwide Exchange on witness witnecnbc a warm welcome to Worldwide Exchange on cnbc for the last time this year im wilfred frost the s p is up slightly dow is down 15 points. Slight gains yesterday slight gains for the week. Massive gains for the quarter. Massive gains for the year as we discussed earlier. For the month, about 2 of gains, nine straight months of gains for the dow and s p. Six straight months of gains for the nasdaq lets look at the tenyear treasury note. We ended last were close to 2. 5 2. 2. 448. The dollar has slipped this week significantly, too the asian equities, mixed picture there as we end the trading year great performance for hong kong this year. Its up well over 30 . 37 japan up about 19 for the year. Shanghai, the underperformer of the bunch, up just 7 . European trade, slightly soft as we end the year. Swrermny do germany down a little as is france france up over 10 germany up 13 for the year. Broader markets for you, oil prices above 60 for wti as you can see, up a half percent. 60. 1 its had a good week, up a couple percent for the week. Outstanding quarter, up 15 for the year wti is up around 11 or 12 . Natural gas prices, as we were discussing, have spiked significantly during this cold weather snap 2. 964. Quick look at metals prices, copper up over 40 or so 16 straight sessions of gains, but down half a percent this morning. 3,290. Or 3. 29. Gold up 12 for the year. 1,298. Dollar board slipped this week back to lows not seen since november the early recovery in the dollar that we saw in the early part of december, slipping away during the course of this week and late last week. Bitcoin prices around the 14,000 mark we got close to 20,000 earlier in the month and on december 22nd hit a low below this level. So sort of stabilized over the course of the last week. Sticking with bitcoin, the cryptocurrency having an incredible run, up more than 1400 . But will the rally hold in 2018 . Heres seema mody with your bitcoin playbook reporter with cryptocurrencies capturing the attention of investors from wall street to main street, heres what to watch for as they go more mainstream in 2018. First, for investors, that means more options to invest in the cryptocurrency ecosystem expect a boom in everything from exchanges to new trading platforms that will make it easier for the everyday investor to get exposure to cryptocurrencies without owning the underlying coin. Second, expect bitcoins rise doing challenged by alternative coins. Bitcoins rapid rise has given birth to over 1300 Digital Currencies, and traders are look to competitors for opportunity watch ethereum, ripple and li litecoin and get ready for more regulation the s. E. C. Has a newly minted cyber unit tasked for finding bad actors who are using Digital Currencies for Money Laundering and funding terrorist activities regulation could ultimately add more credibility to the space, and perhaps even pave the way for Bitcoin Exchange rated funds to be approved lets talk more about cryptocurrencies in the new year joining me is Dennis Gartman on the cnbc news line buy or sell bitcoin . Stay away from bitcoin it makes no sense i wont trade it i wont be long of it. I wont be short of it ill say i understand the rationality and the wisdom behind the blockchain. But the noncommon sense of having some sort of an asset that has no asset value behind it leaves me on the sidelines. Its something to watch. Incredible to see the public involved in it on the long and short side but ive been a professional for 40 years, ill leave it to others wiser, more courageous or more stupider than i to trade in that even if bitcoin is not way to play this specifically, do you believe that in the longterm were moving towards Central Banks embracing digital of cryptocurrencies they will embrace it only because theyll be forced to do it will bitcoin ever be used to buy houses, cars, to trade government securities . To pay taxes in . I have my doubts likely not in my lifetime. Dennis, that means 50 years or so it wont happen. One can hope. Lets talk about the broader markets. Gauge your level of bearishness on equity markets . Its still a bull market. It has been a bull market for nine years any time one becomes bearish of the market, it blows up in ones face it is extended to the upside, priced to earnings multiples are egregiously high any time you try to sell it short it is illadvised. There will be a bear market eventually, but its not yet upon us. The trend is still up. One has to be a buyer. I like to own the things that if you drop them on your foot they will hurt. Let me own steel, rails, ships, let me own fertilizer. Ill leave tech and pharmaceuticals to people who are wiser or far more courageous than am i. What do you expect the yield curve in the u. S. To do next year flatten i think the fed will err on being far too tight it will take the overnight fed funds rate three times higher, maybe four times, maybe 100 basis points beyond where it is now the long end will be a bit in price a bit better, in yield a bit worse. I think were going to inversion before the end of the year if i have a fear, its that the fed will err, take the yield curve from a flattened position to one thats inverted great run for oil and copper this quarter whats your view on that will it continue oil and natural gas are having a great several weeks here because of the cold weather that prevails. I think you can continue to get a spike in natural gas, you will be surprised how much higher nat gas can go any time you get wti above 60, that makes almost the worst fraccers out in the Permian Basin all profitable i think it will be difficult to get wti above 61 a barrel good to speak to you. If you want to kick old habits in the year, consider a close look at sin stocks in your portfolio. Landon dowdy has more on that. If you have sin stocks in your ortfolio, the booze, something retd acigarette and gg companies, they may be a hard habit to break but maybe you should with the when of kensho, looking back over the last 20 years, they do well in q4 but lose their buzz in the new year inbev slides a half percent in january. Most in coors and bookoo in mold boston beer. Diageo drops 2 in january lets look at tobacco stocks theyre turning up smoking results in q4 before burning out in the new year. Altria up 7 on average. Drops a third of a percent in january. Philip morris posting average returns of 2 followed by a 3 dip in the new year. Casino stocks, a bit more of a gamble with wynn up 5 in q4, holding on to gains. Looking at churchill downs, mgm both up in q4 but sliding 2 on average in january may be time to break those habits amazing consistency of seasonal correlation theme crazy i guess it figures because we all drink too much drinking, smoking too much around the holidays. Up next, making money in the new year, one market pro has his best ideas for 2018. And playing defense, what lies ahead for lockheed, boeing and ratheon. Were back in a couple minutes approach remains. Dd Global Markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. barry murrey when you have a really traumatic injury,g we have a short amount of time to get our patient to the hospital with good results. We call that the golden hour. Evaluating patients remotely is where i think we have a potential to make a difference. barry murrey we would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. As we get faster wireless connections, itll be possible to be able to operate on a patient in a way that was just not possible before. When i move my hand, the robot on the other side will mimic the movement, with almost no delay. Who knew a scalpel could work thousands of miles away . Tha. Oh, burnton gravy . Ie. Gotta rinse that. Nope. No way. Nada. Really . Dish issues . Throw it all in. Cascade platinum powers through even burnton gravy. Nice. Cascade. The market. Redict but through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Welcome back to Worldwide Exchange. Im wilfred frost. Lets get you up to speed with the market action. Dow down 11. Nasdaq down 6. S p up 2 slight gains for the week. 2 of gains for the month. Massive gains for the quarter and Massive Gains for the year lets look at treasuries 2. 425 on the tenyear. So yields slipped quite a lot this week. At 2. 488 this time last week lets continue our market discussion joining me is john silvia from Wells Fargo Securities lets kick off with the yield curve in terms of what you expect next year more flattening or a slightly more bullish and optimistic steepening i think dennis has it right the yield curve does flatten by the end of 2018 we have a plus 30 basis points between the twoyear and the 30. We dont have an inversion, but we see the fed raising the rate three times in to 2018 that will continue to raise the twoyear yield what will be interesting is the two, three h and fiveyear will post a positive Interest Rate so cash will be an asset that has meaning. What happens to the dollar in light of that . Its been remarkable given the Interest Rate differentials that the dollar is so soft this year. There are other factors at play, but that would accentuate a reason why the dollar is stronger next year its a case for the dollar to stabilize at least right now were seeing surprisingly better than expected Economic Growth in europe, china looks good people are using alternative currencies to do some trading and investing. For us, the capital flow story is intriguing. One other odd situation that you may be familiar with is this whole idea that with tax reform and Companies Bringing their cash back to the United States, its actually going to reduce our trade deficit. So there is a case for some stabilization of the dollar. Certainly not the kind of decline we saw in 2017 what do you think more broadly about the tax reform package . Are you a believer this is going to boost wages going to boost expenditure or an earnings translation effect that will have a oneyear effect on eps . I think it will boost investment and real wages for workers in the United States and it will boost corporate profits. The extent of the boost for us is giving us an Economic Growth number of 2. 7 then were back to 2. 5 in 2019. Dont see this as sustainable change in terms of productivity, which is the basis for real wage growth or Labor Force Participation rates. Shortrun stimulus, yes. Longer run, well wait to see how much difference it makes on productivity of course your employers, wells fargo, one of the companies to boost the minimum wage and well see if others follow in terms of Global Growth, which has been fitted the u. S. Economy. Is that no longer a big tailwind is it priced in as far as gdp forecast the big surprise is 2017. Where is all this growth coming from 2018, much less of a surprise. Much less of a jump. Theres no jump at all in our view in terms of where Economic Growth is globally looking for 0. 1 to 0. 2 improvement. John, as ever, thank you very much for joining us. Happy new year you, too. John silvia as 2017 comes to a close, were looking ahead to the new year w stocks sitting near record highs its time to get more defensive . Heres Morgan Brennan with the defensive stocks yearbook for 2018 reporter in 2018 geopolitical risks will intensify fueling a big boost in global spending as older Weapons Systems wear out first, the military build up materializes or a proposal at least. The Trump Administration will unveil a sweeping plan to boost americas depleted defenses adding more ships, planes, munitions and troops modernization of the Nuclear Triad will pick up speed as well second, more Missile Defense thank north korea, but iran and russia as well as their capabilities evolve, lawmakers will push for more interceptors, more homeland sites and more technologies as contractors like lockheed martin, boeing and ratheon develop lasers and hyper sonic missiles third, the space race lifts off, not just for nasa. As the u. S. Looks to cut out russia in the space race, flying are elon musks spacex wihich will test its new rocket, the falcon heavy, for the first time next year. That was Morgan Brennan reporting. Up next, were firing up the Worldwide Exchange time machine for a look back at the most memorable moments of 2017 stick around were back in a couple minutes work on the cloud with open technology, and open standards. The ibm cloud. The cloud for business. Yours. The cloud for business. It wasntaking ceasy at first. She learned how to better communicate her needs. And you learned how to not ignore yours. I discovered how to make healthier meals. And i discovered how much i enjoyed them. Narrator becoming a caregiver is a learning experience for everyone. Find articles, tips and tools from experts and others who have been in your place. The Caregiving Resource Center at aarp. Org caregiving. You myour joints. Thing for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. Trace every precious product, every step of the way, with a blockchain built for business. The ibm cloud. The cloud for business. Yours. Welcome back futures are mixed this morning the dow slightly lower the nasdaq slightly lower. The s p higher time for our top trending stories. Landon is back with me for a look at whats topping twitter is mourning the loss of guy fieris time square restaurant the news comes as a bit of a surprise it was one of the nations highest grossing independent restaurants and raked about 17 million in 2017. Did you try it i didnt, nor am i bothered because times square is a nightmare. This got scathing reviews when it opened, and that brought everybody in i have not eaten there there you go. Passengers on the flight to nowhere getting an apology and some cash. Earlier this week, Model Chrissy Teigen talked about her flight to japan that was turned around mid flight the passengers were given 35,000 yen, about 265. Thats a pathetic giveback because they had to fly four hours, fly back again. I dont think we heard the exact reason why one of the passengers was not supposed to be on the plane. We know that but why the passenger yeah. Otherwise its the passengers fault. Keep going all the rest of the passengers have to fly back in a direction they dont want to go because one passenger is in the wrong. There must be something slightly wrong there that the airline is not admitting to 265, pathetic not worth eight hours jack in the box is cashing in on the california pot legalization they will serve a weed themed merry munchie meal at three california locations starting in january. It includes curly flies, tacos, two chirros and a drink for the price of guess. 4. 20. 4. 20. You dont get it i dont get it. Is this an american thing 4 20 is weed day might point to Something Else different between us are you feeling lucky i want a hangover meal for new years day i am done talking about this. Are you feeling lucky . Yeah. You have two chances. You may want to buy a powerball or Mega Millions ticket today because jackpots for both games are over 3 300 million each. The drawing today has an estimated prize of 3 306 million which will be the 13th biggest prize in the 15year history im a sucker for this every time i go and buy 10 worth of tickets how is that work out for you . Not good so far if you dont want to be part of the team, thats fine. You wouldnt share with the whole crew i would. Im a giver. Its new years maybe you called me out now, i have to say yes. Just a small amount. I always thought i would split it with my brother what about your mom she would get whatever she needs for the rest of her life you know what i mean keep digging that hole. Keep 1 more than him you already have the height do you need the money . Im still giving him half, less a dollar. Thanks for that. Coming up, a look back on whats been a great year on Worldwide Exchange. We have had a lot of fun so as 2017 comes to an end, were looking back at the most memorable moments throughout the year enjoy. Youre too tall today youre taller than me. Im sara eisen. Im wilfred frosty the snowman. Its wilf on Exchange Just a reminder this may be ginger you can have your dirty blond hair i dont have a blue checkmark. Not as important as i am. I posted a selfie last week, it got over 200 likes. The bachelor. This is real life. Its not true love ofrnlg oh, no. You know what kendall is up to i like it. You dont shes a model. I need to trademark frosties. Sara week what will we celebrate . Consumer goods currency. Love of whiskey all my favorite things. Look at all my swissies i like the currency. Papa. Are you not present during a live shot in a boat . I thought you liked boy bands. I love boy bands. That was impressive we are continuing our feistiness we spent a lot of time together the last 24 hours the real key man in my life has the same birthday as me. Which is me sara now has an even more important key man in her life, her new son, samuel. We wish sara, matt, samuel all the best in 2018 we really miss you, sara on squawk box. Feels like a year already. Its been three weeks since samuel was born. A happy new year to you and to you, and to our Outstanding Team which i feel like i have to get up early, but they get up earlier than us. Shout out to karissa for making that lovely video for us. Happy new year from Worldwide Exchange. Lets check in on the markets as we head out. A mixed picture for this final trading day of the year. The dow slightly lower the nasdaq slightly lower. The s p slightly higher. Looking at 2 of gains for the month. Big gains for the quarter and the year a bullish year will 201 be t8 be the same . Thats it for Worldwide Exchange. Cannot live without it. So if you cant live without it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Good morning the final trading day of 2017. What a year it was the dow breaking dozens of records, now knocking on the door of 25,000 will 2018 be another investor friendly year . Apples apology. The worlds most valuable Company Addressing the decision to slow down older phones to save battery life. Apple offering discounts. And the big chill. Its so cold much of the country in the grips of frigid temperatures, will it stop all the revelers heading to squa squawk square this weekend its friday, december 29, 2017 squawk box begins right now. Live from new york where business never sleeps this is squawk box. Good friday morning. Welcome to squawk box live from the Nasdaq Market site in times square im Kayla Tausche along with andrew ross sorkin, becky and joe are off today. Our special guests yet again, kevin oleary. Welcome back great to be here. If you liked wednesday and thursday, you will love today. It just keeps getting colder every day. Did you bring this from boston no, no, no. Canada. Canadas warm now you know, you saw the president tweeting today we have this whole reverse global warming, baby thats what we need. Also joining us on this final trading day of to 1