Today with oil down quite a lot. In fact, its currently down by nearly 3 sitting below 42 bucks a barrel. Over the last year oil has lost 45 of its value. Who do the numbers stay . Coming from the transport sector the numbers may be signaling a possible recession. Well tell you what those numbers are and why you might want to take note. As we can see, stocks are sliding at this hour. Get down to the floor with bob pisani. How much of this is due to oil, bob . A very large part of it. Lets look at the s p 500. We got down right at the open, 12, 14 points on the s p and nefer looked bac ee eed back. Mandy is right, its the commodity complex, particularly Energy Stocks thats having a problem and this has been going on for days. Big moves down in some of these names, and sop me of them are dn double digits, anadarko, murphy, down double digits. Weve been talking about this all week. We know the lowest level since august, a lot of warm weather. There was some disappointment we didnt get a d
Sea. No, not a giant squid or Chris Hemsworths biceps, theres a gigantic cargo ship in operation. Look at that thing. It literally is a monster ship. I know, and we are going it talk about how this could change the shipping business forever. Tyler is out all week. You just saw mandy doing the halftime report. A lot of swaps going on today. Stocks are sinking on the final trading week of the year. Major averages down a half a percent overall but its not all bad this year. If you own these stocks, treat your family to a nice dinner soon because you have made some money. Netflix up 135 , amazon up 115 , activision nearly doubling this year and nvidia up more than 60 . Oil and Gas Companies have been leading the declines. Chesapeake down 80 for the year. Consol and southwest energy down 75 and a list too long to mention of many more stocks down 30 , 40 or even 50 in the group so far this year. In the meantime, the financial and the Telecom Sectors are kind of the january and peter bradys o
They were too high in 1999. 33 times to 15 businesses have grown now you are at a pretty good level. Is ron baron right . Lets get straight into the conversation. And bob pisani here on the floor. We want you to weigh in. Do you think stocks will continue to climb . Go to cnbc. Com vote and weigh in. What is your take . I absolutely do. I think we are in the middle of a secular bull market. I have known ron baron for almost 30 years. He is one of the most asitute players. He had a v bottom as much as i believe boughtps are processes as opposed to points in time. Stock market did bottom out. We had technical and fundamental confirmations of the rally. Advance climb line. Seasonal and structural reasons to think the market goes up from here. Just as a question of math to double over five years is only about 8 or 9 compound interest. He is talking about a decade. You are right. Doubling over. 12 to 15 . About a 7 increase every year. That is a historic norm. Typically what the s p would g
Looking luke this . You fake it. Business is booming for some. Well tell you who is making money and how, today on power lunch. Sue herera is out there week. Cnbc susan lee is here today. Welcome. Its great to be here. Its in my contract i dont anchor with anybody who is not named sue, susy or sue. So you made the cut. Thank flew we start with changes and problems in lending, a key driver of the american economy. Diana olick is reporting on changes in the market, but first phil lebeau on a big problem when it comes to borrows in the auto second ovmt. In the future when it comes to the auto industry. Others are say theres an up tick here, but lets not get carried away. More than 70 , there was also an increase when it comes to 30 and 60day delinquencies. Its the subprime markets, thats what the auto loans surges in the second quarter. 19 , oh, my goodness, thats a lot . Its not as much as it was in the recession. 22, 23 , thats why when you take a look at shares of the auto maker, peopl
It is a tesla mystery. The market d. There it is. The market likes it. The stock is up almost 3 today, but what does d mean . First to sue at the nyse. Hi, sue. Hi, ty. There was another tripledigit loss in the dow earlier. Its trying to fight its way back. Lets get you up to date. The dow right now is down 47 points. But as we said, it was down triple digits. S p is down 7. 5 . Nasdaq is down 13 . The yield on the tenyear note holding at 2. 41 . Ty mentioned oil. It continues to plunge. Brent near a twoyear low. This after saudi arabia cut its official selling price. That is a 1 1 3 loss in brent kud. West texas intermediate down just about a tenth of a percent. It was a very rough close in europe. Germany down 2 . The ftse down 1. 7 . France down almost 3 . Italy down 4 . Spain, 2. 5 . That is the definition of ugly. Lets get the trading action with simon hobbs and bob pisani. They both join me here. Bob, set the stage for us here and then simons going to tell us one of the reasons o