In a little bit but tell me first about the conversation you had this morning with president elect donald trump when you informed him that you would no longer be building that plant in mexico. Well, we informed president elect trump and also Vice President elect pence this morning that we were going to be investing 700 million here in our plant in flat rock, michigan, adding 700 jobs on top of the 28,000 jobs that weve created over the past five years. And at the same time, told them we were going to be canceling our plant in mexico and the reason for that is that plant was we were going to produce the focus. Weve seen a market decline in demand for small vehicles. So were now going to produce the focus in an existing facility in mexico. Mark, what did the president elect say to you when you told him this . Well, over all both the president elect and Vice President elect pence were very happy that we were making these investments here in the u. S. And u. S. Workers. And we mentioned also at the same time this is what we do as a business. Listen, were a global multinational. Our home is here in the u. S. Its really important for us to be strong and vibrant here in our home. And build on the investments in job creation weve been able to produce over the last five years. Mark, you mentioned that youve noticed a shift in the demand for small vehicles and thats the reason for this decision. But lets be honest, you and i have talked repeatedly over the last several months, talked in los angeles just two months ago, even last month, and you said, look, were still building the plant in mexico. Whats changed since november and early december to now in early january that you guy have finally said, okay, were not going to do this . Was it, in fact, because you got tired of constantly being beaten down by the Trump Administration . You know, we make Business Decisions best on whats best for ford, first and foremost. And you know like every of her business we have an annual process where we look at the Business Environment. And what weve seen, phil, listen, over the last couple of years weve seen small cars marketedly decline. Every year were looking at our capacity. Were looking at our forecast for demand. It became very clear that we didnt need this plan. And we can utilize an existing facility in mexico. So, in fact, you are going to be moving small car production to mexico but its in an existing plant, not a new plant but it will be going to mexico, correct . Correct. It will be the focus will be going to mexico. But i just want to point out the plant thats leaving here in michigan and in in wayne, michigan, were going to be putting in two new products and protecting the 3600 jobs that we have in wayne, michigan. So not one job is effected. And were adding jobs here in flat rock. Mark, as you and i have talked about this, as this entire thing has played out over the last several months, there have been some people who have watched your responses and they have said, you know what, i think they need to be a little bit more conciliatory towards president elect donald trump. And perhaps that would make them less of a target. Looking back, now that this is decided do you think you handled this the right way both in terms of tenor as well as messaging . Absolutely. I think, you know, always as a company were going to lay out the facts and do whats right for our business. And this is whats right for our business right now. As we made these decisions, as you can imagine, phil, we look at a lot of different factors. One of the factors that we see is a more positive u. S. Manufacturing Business Environment under president elect trump. We see the progrowth policies that hes proposing. So this is a vote of confidence in what we think the president elect is going to pursue and its right for our business. Scott . Mr. Fields, its scott wapner. Thank you for joining us on the Halftime Report today. My question would be along the lines of things that phil has already asked you. But whether you think its appropriate for the president elect of the United States to be pushing decisions, trying to get private business or enterprise to make decisions that might not be in the best interest of that company. Who should have the say in where your business is done and where you put plants . You as the ceo or the president elect of the United States . Well, when you look at that question, scott, you know, clearly we have shareholders to who own the company and who we have to respond to. So clearly we always want to make sure that as a company were doing the right thing for the shareholders and our business. And thats the case were doing here. Also, at the same time, we want to make sure that were looking at the appropriate factors to make sure that at the same time that we have good relations with the various governments that are in power. Weve been doing that with every administration, going back all of the way to teddy roosevelt, and well continue to do that going forward. But we want to do whats right for our company and in this case its right for our company and its right for our contribution to Economic Development here in theitis. Lets be clear, the main sort of impetus of not moving this plant to mexico is because of pressure put on by the president elect, no . No, the main reason for not building the plant and cancelling the plant in mexico is just due to market demand. The bottom line, guys, is were not seeing the volume and the demand that we expected for that plant. And therefore were looking at our capacity and saying, you know what, we can build that in an existing facility and use capacity that we already have. And, mark, with that existing facility that you already have, and youre still going to be importing vehicles from mexico, twopoint question here. One, what percentage of your vehicles that you sell in the u. S. Do you import from mexico and, two, donald trump is out today criticizing General Motors saying, look, you cant bring in vehicles from mexico without a tax. There needs to be a border tax. Not just for gm but for all autos built down there. How much would that hurt you . Well, when you look at our sales, 80 of our sales in the u. S. Comes from vehicles that we make in the u. S. Around i would also add that we are the number one producer of vehicles in the u. S. By than any other automaker and, oh, by the way, were also the largest employer of hourly automotive workers here in the United States. Less than 15 of our sales here in the u. S. Come from mexico. You know, phil, well have to see how whether the tax reform or whatever the president elect and the administration decide to do on trade. But, listen, were one of the biggest exporters from the United States and well have to see how that plays out, whether its imports or exports. But in theory, if you put a tax on a vehicle coming across the border, lets say a couple thousand dollars, 3,000, it is going to hurt demand, it will hurt sales, correct . Well, when you put a tariff on it will hurt sales but, again, you have to put it in relation of what is the tax policies that the president elect will be pursuing. The blueprint tax policy thats out there right now and the border adjustment, you know, that could be interesting given the fact that were one of the largest exporters of autos from the United States. So well have to see how that plays out because we have to look at our business in total, not just from one particular area. Mark fields, ceo of Ford Motor Company joining us this morning first on cnbc with the news that the company will be investing 700 million, scott, in its plant in michigan adding 700 more jobs and at the same time canceling plans to build that plant in mexico that has been really the focal point of Donald Trumps criticism of the automaker for months. Yeah, phil, thanks so much for bringing that big interview to the halftime show today with ford ceo mark fimds chlktsz with us for the hour today, joe, stephanie, josh brown, john. I would love to get this on the floor here, what do you think of the decision, the trump tweets from earlier today and the spirit of the questions that mr. Fields was asked. A president elect not shy at all about and whatever word you want to use, whether its meddling in business and industry encouraging. Encouraging strongly. What do you think . Well, i was looking at the gm numbers before this news broke, judge, because we were hearing a lot about mr. Trump and General Motors and the cruze, chevy cruze sold down in mexico. They dont sell many of the hatchbacks here. A lot are dismal. People dont want that particular vehicle very much. They would rather have another. Many of the others they might choose, scott, are vehicles made in mexico, whether its by honda or General Motors or ford or whomever. This particular move seems like ford is listening and reacting to the president elect. Thats pretty clear. And as mr. Fields outlined there could be some strong reasons why given the small number of the small cars that they bring back into the country that even a tariff, if there is indeed a tariff on those, would not be as negative as the tax consequence would be positive for these companies. Let me sort of frame it this way in the context of the market at large. Okay. You have a stock market that has the s p i think is up, what, 6 , 7 since election day. Largely on the belief that not only there has been some sort of change of tone towards business but that these policies are going to be put through. Theyre going to be progrowth, promarkets, prousa. Okay . I couldnt help but note that the market was up at more than 100 points, 150 points today at its best. Is there a pushback to the good feeling of the trump agenda to a perceived protectionism by the president elect that makes some in the marketplace uneasy, that would see after this announcement happened that the Dow Jones Industrial average is up far less than it was before and the market becomes concerned at some point with that type of rhetoric and commentary from the white house . Well, the markets turned south when oil turned south. I think thats separate from whats going on with trump. Theres no doubt about it that theres concerns about protectionism, about these tax borders. I dont think you necessarily trade as Portfolio Manager or as a trader on the trump tweets and the stock specifics because it really hasnt maltered. It hasnt been that meaningful to the stocks themselves. But the binger implications are therd whoer and tax and what the implications will be. I think what trump is doing is very healthy, quite frankly, because i think what hes trying to do is work with businesses in a push pull relationship. These arent big numbers. They sound big in terms of ford and in terms of lockheed martin. Do you think its a work with or tell them what to do . I think its a work with. Work with. Hes a businessman. He gets it. He wants something. He wants them to support his policies and help him in his agenda and in turn i think theres kind of he will give some back and some benefit to them as well. Clearly mark fields has identified there are things for the ford shareholder and for the ford Business Model that they need. They need tax reform. They need talk about currency manipulation. And most importantly, they need Safety Standards surrounding autonomous vehicles. You have right now in the last couple of years very stringent economy standards that have forced these carmakers to make more electric vehicles than the demand is there for. Thats hindering the bottom line. You look at ford stock right now. Trading around, i dont know, 12. 25 , 20. 50 , stock was close to 18 maybe 18 months ago. You hear a conversation like you have today and it gets you a little bit more interested about buying ford understanding on the other side of this, maybe 18, 24 months down the road we are going to introduce better Safety Standards. I have Great Respect for mark fields but does anybody really believe that ford would have made this decision without a prompting or a push or criticism from the president elect . Or an understanding in a dialogue that there are things that are going to happen at some point that will be good for the business of ford because theres a reason that ford is taking those jobs out of the u. S. Theres something here thats forcing them away. We need to remove some of the regulation. That again, thats good for the stock. 100 years ago henry ford in 1914 unilaterally instituted a wage hike for the minimum wage workers at the firm and people looked at him, you know, this is a capitalist and people said what are you doing, they said if i dont who is going to buy my cars. I think ford has a legacy of trying to do the right thing that stretches back a century and so moves like this even though its symbolic, even though were talking about a few thousand workers in the context of a job market thats 150 million american, scott. These numbers arent important, to stephs point. I think symbolically it is important. I do think that there are some behind the scenes things happening with the white house and some of these fortune 500 companies where the announcem t announcements are happening in a certain cadence and i think it is a push and pull and i think it is cooperative. I do not think that the tweet itself is the only form in which trump is speaking to these people. And all of a sudden theyre capitulating. I agree with everyone on the desk. I would point out i think this is welcome versus what we saw with the Health Insurance companies at the end of last year where the ftc, the obama administration, ftc blocks a big merger important to united health. They say, okay, fine, were done losing money with your health care exchange. I would prefer this. It doesnt mean much but its probably a net positive overall. All right. Breaking news out of washington. Lets go to eamon javers who has a story for us. Thats right. I told you earlier about this emergency meeting of House Republicans on this issue of the office of congressional ethics. You remember that earlier in the week the republicans made a move to weaken the office of congressional ethics saying that it had become over zealous in its enforcement of ethics on capitol hill. This morning donald trump tweeted out a couple of tweets aimed at that decision criticizing his fellow republicans on capitol hill, trump saying with all that congress has to work on do they really have to make the weakening of the in the ethics watchdog as unfair as it may be, their number one act and priority . In that meeting this morning that began at 11 50, House Republicans reconsidered their move and nbc news is report that they have scrapped their plans to gut the independent ethics office. Were waiting on more reaction now from this. But a couple of things here. Astonishing moment on the first day of the new session for the republican president elect incoming to be criticizing his own Republican Party on capitol hill. Also that they were forced to reverse themselves and then the intracongressional dynamics here are fascinating because speaker of the house paul ryan and Republican Leadership opposed this move by the rank and file members saying that this would be bad publicity, it would be a black eye for republicans on the first day. Republicans did it anyway and theyve now reversed themselves. This calls into question om of paul ryans leadership earlier this this week and now maybe his hand has been strengthened and backed up by donald trump who tweeted out his support essentially for the paul ryan position on this. So fascinating political dynamics at play here on the first day of the new session. Back to you. Eamon, thanks. Back to the markets. So markets start to pull back. Oil pulls back. Natgas pulls back. Overall stocks pull back. What is the state of the trump rally, if we want to call it that, as we enter 2017 . Well, for everybody who is looking for just both hands, hands out, meaning sell, because of that pent up sell that i decry, judge, because i dont think it exists to the degree that participate were saying this is going to be something that causes the whole market to roll over. Could still happen in the next two weeks, three weeks, month. But i havent seen it and it doesnt seem to be building out there. Seems to be more momentum building and certainly to joshs point with carrier, with lockheed martin, with this, with boeing, whatever, that the president elect is going to keep tweeting and its going to have an impact on these companies. And jeffrey im melt with general electric, when president obama was the president elect prior to coming in to office, he immediately embraced wind, solar, did everything he could to spin ge in that direction. So youve got to know where the winds are blowing and these guys are adjusting their sails. I dont think thats what people are talking about right now. I dont think the tweets are running this market. I think the i agree. Please. Lets just talk about the market in general at this point. I think that i think the perception right now is were going to see faster growth here in the states, probably globally. And certainly after the numbers you got out of china and europe. And even today. Yeah. Manufacturing, right. Youre going to get faster growth. What multiple do you pay for that faster growth, if it comes with a higher dollar and higher Interest Rates . Youre going to pay a lower multiple. So can the markets overcome that and i think thats going to be the debate and the discussion. I do think that we can overcome it. I think well gradually grind higher this year. But i think more than ever, this year will be sectors and stocks specifics, much more important than the overall market. Its all going to depend on where earnings is coming out. Bob pisani has something earlier. Hue 4 estimates are up 6. 1. Q4 up 6. 1. Q1 estimates up 13. 8. Can we live up to that bar and if we dont, what happens to the rally . I think thats why you dont want to make any real critical decisions until after we hear where earnings are going to be and whats guidance as it relates to the u. S. Dollar itself. Are we going to tread water in we get first earnings trickling in . Lets talk about that because i think you walk into 2017 and you say to yourself, look, we talk in this quucountry about t loss of the middle class. The Investment Community has lost the middle class. On one side of it you have the buzz light year Warren Buffett strategy, to infinity and beyond with all positions. And there is nothing wrong with that. Thats fine for passive investors. Other side of that is you come to 2017 and say, hey, this is a very uncertain type of year. I need to go out and i need to seek alpha. So the moves are going to happen much faster. You look at it coming into today. I took off my bb t today, financials. I had that. What what am i looking at . Looking at laggards from 2016. You had s p puts last week. Took those off. Took off bb t. Now i look at laggards in 2016 that in previous years fantastic companies. Hedge fund favorites. Mckesen, jm smucker, i know josh has talked about smucker. In the last six weeks you have seen nothing but downgrades on these stocks. Why . Analysts just follow the stock lower and lowerer and they change the price target. Perfect timing to add seeks of alpha in names like that. Consumer staples, yes and nds pore formed. Health care, yes, it underperformed. You can still find within those sectors names, to stephanies point, that out performed the s p in 2016. Out want to go out and seek those opportunities. All right. A lot more ahead on the Halftime Report. See you in two minutes. Shares of disney grumpy last year. Up just 1 until q4 when happy took over. The stock jumping 14 . Up next, the firm thats calling disney one of its topics for 2017 pchl. Plus, is this a good time to jump into facebook . Before the break american express, cbs, and Level Three Communications all hitting multiyear highs. All are in the cnbc iq 100 index up 24 in a year. For more, go to cnbc. Com iq100. T utlex soeln r , frwipp aapp,eeeeee t utlex soelnhat welcome back to the Halftime Report. Double the love for disney as ever core and Piper Jaffray called the stock a topic for 2017. Weve made it our call of the day. As a result, josh, whats the trade here . Everybody is falling into line on disney. Sure. Well, that typically happens when a company thats got very low expectations around it finally says something thats not negative about the specific thing that was bothering people. So in this case espn i guess for the first time they said things werent getting worse. Well see if thats true. In the meantime, price actionwise, scott, very positive. Stock had a nice rally to recover some of the lost ground. And now its consolidating just above where it failed going all of the way back to may 2015. So if there are no sellers at this level or below this level and you can see buying come back in this is a rally that should continue. Im positive on disney. Funny, you could say to joshs point, okay, maybe espn is not getting any worse. At least from ever core they say this is like a more of a macro sort of a trump play, a progrowth play. They say it has a pro inflation Business Model. They talk about advertising theme parks and resorts. Its largely domestic. It is a full taxpayer. So Corporate Tax cut helps disney. Low leverage and relatively high capital expend difficult chur levels. Except for one thing. Except for one thing, which is china started out trumps coming tenure by taking a submersible and holding it for a few days. Trump was tweeting yesterday things that are designed to aggregaing a gra investigate the chinese. If you listen to growth going forward, china, china, china, china. If there is going to be a trade issue, this would be one of the companies in the eye of the storm. Its not about manufacturing, its about what the Chinese Government will allow into its country in terms of entertainment. And believe me, they look at everything. They make decisions on what movies can be shown on tv shows. I dont think if its such a great slam dunk as a quote, unquote, trump play. Evercore has had a hold. This particular analyst has had a hold on the stock for two years. Since january 5th of 2015, the stock is up 13 since then. So now theyre coming online. Piper jeffries, overweight with 115 price target. Its their large top large cap pick for the year. New year. I can see it getting 115 clearly. I think weve overcome the headwind of espn. I think if there is a headwind coming its when iger leaves and what happens at that point and what is the transition look like. Do they do something after ig gor leaves to make a statement that, you know, yount do necessarily think is a good acquisition. Thats a possibility. I think theres runway to that h which takes you to 110, to 115 easily. I think the analysts are going to come back in know that espn is not the problem. They can lose 10 million or whatever they lost but it was not the problem it was presented to be. I dont know. Look. Its a controversial name. You have 19 buy, 17 hold. That is good. Thats a good setup, right . Its up 20 from its lows. Its trading at 17 times forward and, yeah, maybe espn isnt as bad but its still pretty bad. The environment is not going to get any better. Im not inclined to chase it. I think if it were to pull back i totally agree on the macro. Needia stocks do very well as growth improves, as inflation kind of improves. I love the tax story as well. I certainly would not be chasing it at 106. Not after the move that it just made. Pete, hold on, your brother tweets just now the opportunity was there in disney in the 90s. Totally agree. Hes right. And pete cited it on the show, the unusual activity back november 29th, i think if you guys want to google it or pull it up on cnbc. Com. Strong unusual activity, fed 105 calls. They bought them all of the way up to the 110s and in proceeding in the following weeks. Judge, when youve got franchises like pirates of the caribbean, youve got cars ii, cars ii. Star wars. Star wars 8, these are huge and then four and all the rest,off fwot to go. Quick break, wells fargo getting bullish on a retailer that fell 21 last year. Plus, why facebook could be on the verge of a 27 rally. That trade more ahead in the blitz. Hi, everybody. Welcome back to the Halftime Report. Heres whats happening at this hour. China says it is making significant efforts to denuclear rise the korean peninsula. The commence come in response to president elect trump who tweeted on monday that china isnt doing enough. A chinese spokesperson said they hoped all sides would refrain from speaking at the issue for fears of aggravating the situation. Clashes continuing in and around mosul with heavy gunfire heard in an sbern district recently recaptured by iraqi forces. Civilians were leaving the neighborhood with their belongings. For the first time in more than 50 years the bestselling car in sweden is not a volvo. The Volkswagen Golf taking top honors. The last time a foreign car sat atop in the sales list was back in 1962. And a 2yearold boy in utah caught on nanny cam saving his twin brother by pushing a fallen dresser off of him. The two toddlers were, as you saw, climbing on open drawers before the dresser tipped over, pinning one of them to the ground. The boy struggles before his brother is able to push the dresser off of him. Both boys are okay and extremely lucky. Secure that dresser to the wall. That is the cnbc news update this hour. Scottie, back to you. Wow. Wow, wow, wow. I know. Thanks. Lets look at where markets stand right now. Take a look at the dow which was up better than 150 points today. 19,796 is where it currently stands. A gain of 33 points. S p positive by more than 9, 2248. T nasdaq is at 5405. A gain of 22. Now at 22 points. Pete najarian joins us now from minneapolis. Thanks for the tweet on disney. Yep. Get more commentary from you on that. You think its just full on late . I think its a little bit late. In other words, im soerry to interrupt. You wouldnt buy the stock today . At this level . I already own it. I already opwn it. I dont know that i would add to it because i have not done so so i wouldnt ai wouldnt be adding to it. I city think theres news out there that is positive but i think look at this run. Its been an incredible run. We all taught about being disciplined. This is another great example. You want to buy these when everybody is so negative, scott, like they were when the stock was in the up per 80s and the lower 90s. Espn was going to be the failure. All of that has proven out its not exactly quite the case and the fact theyve got so much strength in the cinema area right now. Theres a lot of reasons to stay bullish but i dont know necessarily now is the best time to buy. Lets take that for the whole market, pete, is now the best time to buy stocks . I will give you this example. Its the best time to continue to buy the financials and the reason i say that, scott, is i saw the smartest trading at the beginning of today. We talk about Regional Banks and maybe thats a great area to be. I still like the big banks but a few Regional Banks as well. We saw huge put buying in the Regional Bank index as volatility hit the lower levels of the last couple weeks. We were trading in the low 13s earlier in the vix itself. The implied volatilities were low. Look at the kre where i saw hedging. Some buying of puts. When you go back, you go back to november and see the kre trading 43. Now its trading 56. The smart trade isnt to get rid of it, its to buy protection now. All right, pete, you stay with us for a bit. Well see you after this short break. Michael kors got hit with a downgrade and price market cut. There is no catalyst for that stock. Shares down 7 over the past month. The trade is just ahead in the blitz. Ou ive . Trigju s h. Pd el titi sjuju. Dti s h. Pd ttg b ows ndc . Lenatntntray yos erah 8 s h. Pd its time fork blitz. Kors downgrade. Pete, youre up. The analyst is talking about the inventories being high. Thats issues. Thats a dramatic pull back when you look at the price target as well, scott. Aggressionive call. Time to be on the sidelines. I dont disagree. I think its time tort to be the sidelines for michael kors. Youre going to set this one because it got upgraded at evercore. Downgraded at baird. At link Capital Management it got what . I like the cycle summons. I just prefer best in breed but i think it has bottomed and you will see it an improvement as we go through 2017. And i think the evercore analyst did channel checks and feels better and the over all macro picture for not only truck but the Manufacturing Industry as well. I like them both. Doc, signature net, best idea of 2017 for wells fargo. Right. And thats one of the reasons i think, judge. It was down 24 . Theyre thinking theres comeback coming. Clearly they beat on the last earnings cycle in november just ahead of thanksgiving. And they offered full year guidance for 2017 that was much better than expected. So on any weakness here which i think you may get in this one over the next two weeks, buy it. Josh, give ming so on facebook. Initiated today with 150 price target at ages capital with a buy rating. Yeah. I looked at the abstract. Theres not a lot new in this report. We agree the trends are supportive of facebook. But, you know, im in the camp that says were all aware of this, whats next and i dont know if any of thats out. Valuation. Similar thing probably not as hot as facebook as a stock but could work well into the new year. Marathon, elliott there . Elliott is getting exactly what they wanted and youre looking at a possible tax free separation of speedway. That takes them out of the convenience and gas business. Some of the acceleration in terms of the mlp sales, probably about a billion to a billion and a half dollars drop down here. I do think this is more of a sell the news type of opportunity though if you look at the intraday price action certainly thats suggested. Up next, the double dose of unusual activity to brothers najarian are tracking the action in the Options Market. Well find out what they see today. Heres a look at the stocks hitting fresh 52week highs as well including cbv corp. , american express, and jpmorgan. Halftime report after this. E ng. Quickly show you whats happening in the oil market today because at one point today crude was north of 55. A gainer of 2. 5 . Completely reversed itself. 5 swing now. Oil is down now at 52. You think, guys, that thats had a broad back online stocks have sold off. Single biggest reason weve sold off today, judge, although you could have a little what i talked about at the top of the show, too, maybe some people with the market up 150 said, yours, put the palms out, that could have happened and both of them could have contributed. All right. We do have breaking news in l. A. Lets head out to julia. Megyn kelly is living fox news for nbc. A source close to the situation she was lured over to nbc by a triple role. Host her own daytime news and discussion program. She will anchor a sunday night news show and she will be part of the networks political coverage and coverage of other big events. This news has not been officially announced yet but we do expect to see a release from nbc sometimes today. Kelly leaves fox news after 12 years in her departure also comes after fox news founding chairman roger ailes was fired after facing claims of sexual harassment. It will be interesting to see how this unhooefl to the Television News land shape impacts fox as well as nbc which is of course cnbcs Parent Company as well. Julia, thanks so much. Najarian brothers watching the Options Market for signs of unusual trade stock. Youre up first with what you see today. Freeportmcmorran, judge. Mineral, mining, even natural gas and petes talked extensively about that and thats been one of the problems for him. But today people are scrambling in buying the 14 calls for next week expiration. Not this week, next week. They have weekly in this name. Thats interesting, judge, because the earnings are due out i believe the 25th. This would be well ahead of that. Is somebody betting that theyre going to preannounce or Something Like that or is it perhaps a brokerage upgrade . Whatever it might be, they bout about 9,000 of these calls very quickly. They continue to buy them now. I bought the calls. Ill probably be in about a week. Pete . Looking at something over in the energy space, scott. You look at weatherford and the march 6 calls with what stood out for me. Oil trading 50, oil services have been trading well. Whats really interesting is the march 6 call, 10,000 traded for 35 cents. If you look at what the numbers look like now, scott, its absolutely its a mobster strayed now because they continue to add to that. And if you look at the numbers, they have gone up and up and up from that original 10,000. So somebodys expecting this stock to finally recover. Back in october it was above 6. Its been below that level since. Stocks trading around 5. 25 where it is right now. About the same price as when they started buying today. Keep an eye on weatherford. Last time the buying did not work out for us unfortunately this time i think its going to and i see huge paper coming in to there. I bought along with them and im going to ride this thing for at least the next couple of weeks or month or more or Something Like that. Lets get some commentary then from the desk. On commodities as it relates to fcx and neshlg as it relates to weatherford. You see have a 10 short position in weatherford. So you could certainly get like these upside spikes and people to take shots at it. But just the technical side of it if feet were here, you know, he knows what i mean. The technical, this is stock on the downtrend for a long time. Shows no signed of that ending. Huge amount of debt. Negative earnings. Really no positives for a fundamental investor and for a technically inclined investor theres nothing happening here that tells you its seen the worse. Not my type of stock but i do see what pete is seeing. The market right now has corrected basically back to unchange. Its on the back of oil. We are talking about the impact of a higher dollar. You will first feel the effect in the commodity space. Commodities will react, have the highest degree of sensitivity. Maybe youre shortterm oriented move but to the u. S. Dollar. And i think the dollar this morning, where it was, i think that was a large contributor of what you witnessed in oil going from 55. 25 down to 52. 25. Also natural gas i talked about natural gas a lot. You have to Pay Attention when natural gas is down 12 in one day. That is a tremendous move. You reassess your positions at that point. I certainly would be. What point is the dollar not a point of concern . I mean, if youre going to get higher economic growth, the reflation trade, Interest Rates are going to go up. Dollar up along with it. Earnings are better. The economy is going to do better. Why is it such a big deal . Its a big deal because what i talked about at the beginning of the show. Fundamentally. Its a big deal fundamentally because its the its a multiple contraction. With higher rates and higher dollar if earnings are better youre going to get multiple. I understand, skomt, but you can get higher growth but what are you going to pay . Youre to the going to get multiple expansion. Im not saying youre going to see a massive decline in the market but its just a headwind and you have to respect that. When rates go up, dollar goes up, multiples come down. Its a fact. And that i think is whats going to be the debate this year. Back to commodities for a second, i would stick with steel. They got killed last week. Very thin trading. A commodity sector not impacted by the dollar and i like the macro very much. The problem with the u. S. Dollar continuing to move higher is its incredibly deplace their and Pricing Power lost across all and i think collectively for companies right now you need to retain Pricing Power in this environment. You need to ward off deflation and the last thing the Federal Reserve wants to see is us have a step backwards in the trajectory of inflation right now. We need that to go higher if theyre going to normalize rates. Coming up, Energy Market including a 10 drop in natgas. And the s p sector check. Dwng i er t t e. Welcome back to the half time report. Nat gas and crude turning negative after a very strong start to the day. We are now hovering below the 53 dollar mark. I think the Energy Complex took a hit midday. Yen started to strengthen the dollar and that reversed things last night, seeing great numbers out of china in manufacturing. Thats put a weight down on the Energy Complex and natural gas, you spoke jackie, france announcing theyre going to open up a terminal to try to increase supplies, hitting natural gas as well and energy space taking a pullback after such a great run over the last couple of week. Scott, i want your take on these as well. I saw a report that january will be warmer than expected. Thats what took nat gas down. Your thoughts . Absolutely. Only thing that nat gas pulls have to hope for is that january and february are really cold. We saw this giant turn around in crude oil really ugly. That is largely because of technicals we got briefly above the two highs important in 2015. Two highs important in 2016. We got to the bottom of a big gap. When we failed i think the shorts came in. Head to our website futuresnow. Cnbc. Com. Were joined by louise yamada, Technical Research adviser. She will give us her outlook. You dont want to miss it. Thank you, jackie. First trades of the new year coming up next. He all right. Were back on the half time report. Tomorrow, veteran investor marc lasry of Avenue Capital will be with us for the hour. Then on thursday, the legendary investor leon cooperman will be with us to discuss the markets, s. E. C. Investigation and so much more. Great guys to speak with to get their outlooks of 2017 on the stock side, credit side, the distressed side and really where they see the markets around the globe heading in this new year. Pete, it is the new year. Yeah. Give us your first final trade. First of all, what a great lineup we have. Lee is always phenomenal. So is mark. John was talking about freeport mac moran. Gold. Its interesting. Last friday we were talking about it on the show. Gdx, gld, move and momentum there even today. There has been paper in there, scott. Im keeping an eye on the gold comp. Im not a gold bug, by the way. Im keeping an eye on t when the flows are there, you have to Pay Attention, buying anywhere from january all the way out to march. There is time. People expect more movement to the upside. Joe has a comment on that, i think. What about silver . Today its up about 2. 5 versus gold. Are you seeing the same type of activity there as well . I would love to tell you yes, joe. Its a great question. Silver is something. We always group those two together. Silver, if its going to be moving, usually outpaces gold. It really hasnt been participating nearly to the same extent but i keep waiting. Im not seeing paper just yet though. Joe, on that note, you have a final trade of your own . Yeah. We talked earlier about some of the lagards from 2016. One of the things thats important here is Consumer Electronics and the show thats coming up. We discovered last year in video when they talked about the super computer and autonomous cars. Mobili is a company you want to attack a look at here. I think that narrative will be important and you could be discovering your next nvidia. Interesting. I remain very positive on industry financials for 2017 but this is a year to diversify and spread it out a little bit. Ive been adding at t to the portfolio. Had a nice run last year. Still very nice stock in terms of valuation. I kind of like that one. Can kind of sleep at night. I would look at these into Jp Morgan Health care conference in a couple of weeks, that will be a catalyst and those stocks are ready to go. Thats like the super bowl of biotech. Big time. Out in san francisco, right . Yeah. Jp morgan is going to 100. I dont know if that happens before the end of the year but thats the direction its heading and i would pray for another situation like last january, february, broad market volatility. This should be on your list even if you want to put an absurd limit price. Broad call on all the financials for that matter . No, but i really, really like this one. Getting paid 2. 25 while you wait. Its not so high now that rates and treasuries are higher. I genuinely feel this is the one to own. Doc what have you got . Zynga. They make mobile games. Unusual activity. Does it for us. Power starts now. Well call it a chevy cruz missile, donald trump calling out the car maker about manufacturing in mexico. Ford making a big announcement about its plans south of the border. We have it all for you coming up. Speaking of the market, new year optimism, dow backing up from an Early Morning push to 20k. Were kicking off 2017 with new years money resolutions just for you. Ceo of a booming stock is here to help you slim down. Im brian sullivan. The show for the year kicks off