Will the global rally extend to the u. S. For a third day . The s p coming off its biggest 2day jump in three years. Rising 4. 5 . Futures have pared gains but still indicate stocks were up and higher. European stocks turned lower. The president of france making ranks with the eu over russia. Francois hollande suggesting that sanctions against the russians could be scaled back. He spoke at an eu summit in brussels. That the gestures restaurant is making are what we are waiting for. There is no reason to enact new sanctions. On the contrary, they will allow us to start the escalating the situation. The u. S. , u. K. , and jeremy disagree. Germany disagree. David cameron says the door is always. Open if russia changes behavior twitter has started selling advertising in russia. Twitters first advertisers in russia include the countrys wirelessender and a company. Facebook has a problem here it is not as cool as it used to be among teenagers. To 17yearolds found that fewer of them were using facebook than the year before. Twitters popularity is growing among teens. Its a wrap for Stephen Colbert. And the conservative talkshow host hes portrayed since last year. He said farewell last night on comedy central. Another bush governor is running for the white house. People on tv are defending torture. We are sending troops into iraq. When this show began, i promised you a revolution. Ive delivered. Technically, one revolution is 360 degrees to where we were. He will be taking over David Lettermans on the lakeshow next fall. Our top story, the global rally in stocks. Sb coming off its biggest twoday jump in three years. On track for its best week in almost two months. A good week for bulls. Mia saini. It seems like we are looking at it every day and thinking the picture is different than a couple days ago. Take a look at what is happening. While equity markets seem to be having a strong end to the last full week of the year. Next week will be short. Msci heading for its biggest weekly advance since the end of october. You talk about futures, we are paring back a tad. Seeing strength in those markets. For its500 will head Third Straight day of gains. A couple things that are impacting the futures picture and the sentiment for investors. As numberthink of it one, global flexibility. A couple days ago, you had to fed premuch as look, pretty much say look, we are going to continue with the accommodative stance for the next quarter. Japan overnight reaffirming to investors that they are going to continue this accommodative stance. They boosted stimulus three months ago. Are readye ecb, they to ease as well. The picture is looking pretty good from the global flexibility standpoint. Good. Bal liquidity looks what about china revising its gdp . It played into it. Theyre boosting their gdp by 3. 4 . Is the funny thing. They are still going to hit the for 2014. Ll target they did increase the output by 309 million. That is the same output of malaysias entire economy. It gives you the sense of the size. And the scope of their growth. Prices, which had taken down stocks, they are stabilizing around 55 a barrel. Is that factor . I think investors are starting to realize that lower oil is a good thing. We should not be too discouraged. Overnight, we had saudi arabia saying the slump in oil prices is temporary. Be difficultould if not impossible for opec to curb Oil Production amid a glut of oil. Crude and west texas intermediate. Stabilizing against the psychological level for many investors, 60. Overall, the picture is looking pretty good. The last full week for investors in the u. S. Take you so much. We are watching oil prices. Mia saini on the markets. Vladimir putin has spoken. Obamas turn. The president will give his final News Conference of the year. A year that the white house is ready to put behind them. White house correspondent Phil Mattingly joins us with more. End affairs are usually a look back. What are we going to hear . Is he going to give an outline . Change think theyre going to try and spin it forward. Tough to deny that 2014 was a tough year. Year ofted it to be a action. There were going to take unilateral action. But those actions were so often overcome by global events. Russia, the rise of islamic quagmire. Ia in a ton of domestic issues. Low Approval Rating for the president. To top it all off, the november midterm elections where democrats got crushed. The president will absolutely try and spin for what he plans to do. Most of the questions today will be based on what he failed at over the last 12 months. You just listed several of those failures. And pickups in his presidency. Is that going to be a glimpse of what is to come in 2015 . And his behavior, he has gone in alone on several issues. I think the last five weeks is the window into the next two years. There is a lot of criticism of what a president can do when he is a lame duck. He is not running again and his party is out of power. Of the last five weeks if you look at what the president has been able to accomplish, an agreement with china on climate issues. The push for a asiapacific trade deal, that upset democrats. Theres the immigration executive action. What you are seeing is the president laying out legacy issues. Not based on one party or another. It is a good window over his last two years when hes concerned about. His perception of his presidency and what he can get done. Not necessarily playing to constituents. Hadn cuba, Hillary Clinton been lobbying for so many years to open up these relations with cuba. He did on his own. What about the freedom of the president question you have got congress that is going to be controlled, both chambers, by republicans. How free is he to do anything in the next two years . Major legislative achievements are not on the table. People always say tax reform. Tax reform is something parties agree could be done. The idea of getting that thrill is so complex. On some level because of the political constraints, the president feels like now is the time where they can cement some achievements. Canlimate change where he take executive action, theyre going to take advantage of the. Goes toe today, this the point of no matter what your best laid plans are, things will pop up. The north korean hack against sony. His comments need to be watched closely. Itn the wording, if he calls terrorism or cause out north korea, those are signals from the president. How he responds to it, house officials have been debating this, it will be interesting. Im surprised they taken this long to talk about. They want to understand. They want to make sure hes not going to get out in front of something that is untrue. We will see at 1 30 p. M. Thank you so much, Phil Mattingly, our white house correspondent. Moving and shaking this hour. Blackberrys ceo john chan. Hes hoping his turnaround plan for the once dominant smartphone maker is gaining traction. The latest quarter, blackberry posted a profit when analysts forecast a lost. The company missed estimates on sales. It is clear that investors are not sold on the prospect of a turnaround. Blackberry is down as much as 4 in the premarket heres we will talk with blackberrys john hen at 11 30 on Market Makers. My guest host for the hour, entrepreneur and social Media Marketing guru Gary Vaynerchuk, cofounder and ceo of the Digital Agency vaynermedia. He was also an early investor in Companies Like twitter, facebook , all of your smart bets. Tumblr and uber. Blackberry, do you see a flaw to john chen . No. I say see you later. Really . . Applies to the hustle and action. Ultimately, that should has sailed. The consumer dictates these outcomes. I do not see the movement at the consumer level for the ability of the organization to innovate as they go into 2015, 2016, and 2017 two win that game. John chen is focused on the enterprise end. Maybe they will say goodbye to consumers. That is a fair bet. That makes a ton of sense. We still have a lot of blackberries. That is for sure. People are seeing if they can build a business. The expectation for the stock prices and values still has way too much consumer bought in to that. So they pivot completely. Violation the im not sure the valuation is correct or we spoke to forced heinz im not sure the valuation is correct. We spoke to first and heinz. In terms of what i see from execution and what his team is doing, they are continuing the path. My fingers are crossed that they are going to make it. John was onstage stage the other day saying that a lot of are youersation was crazy, why would you do this. He said the conversation has dissipated. An exit for blackberry would be what . Ceo responsible for blackberry not innovating over the last half decade saying there on the right path would concern me. I have no interest in hurting Thorsten Heins feelings. He feels like he got handed a whatever. F thats fine. I am just not bullish on it. Not bullish on blackberry. You are bullish on other things. Gary vaynerchuk, cofounder and ceo of vaynermedia staying with me. Do not like the surge pricing on uber . Uber wants to own the concept. Teenagers are not going on Facebook Like they used to. We see what that means for folks like Mark Zuckerberg. We will be back. More trouble at uber. The company said it is said pending pickups in portland, oregon until i can figure out how to operate legally in the city. Taiwan declared uber illegal. It is doing something unusual to protect its business. Filing for patents around its price search technology. The company has filed 13 patents, 10 have been rejected amid criticism the company is price gouging customers. I want to bring in entrepreneur Gary Vaynerchuk, ceo of vaynerme dia and an early investor in uber. Second round. You caught up. Better late than never. Why did you pass . Two founders were not going to operate the business. At the time it was uber cab. What do you think about the controversies . Lets take price gouging. You mean price surging. Arehave to type in that you confirming that you understand that you are getting charged more. No different than when you pay more for a first class ticket on an airline than a coach middle seat. Company, like facebook before it and google or microsoft or apple. Anything that gets big, the world likes to tear down. Right now, every news article and tv segment talking about it is good for the media companies. Its worth debating. Theres news around it. What about the rape in boston and new delhi . There are serious issues around uber. Anybody who is watching realizes this same unfortunate things are happening around regular yellow cap taxis and black cars. Nobody is talking about that because the uber brand is not associating. Because nobody is raising at 40 billion. It is simple. It comes down to capitalism, modern journalism, a company that is not even five years old thating in the hypergrowth companies prior to this never had to deal with because the scale of the internet itself, where all the services are built on, is creating speed. Have you reached out to uber, had they reached out to get some advice . Travis is a friend of mine. Im never going to add my two. Ents i dont think it is appropriate. You are great at marketing. You know about brand building. As flattered as i am, i think at the end of the day i have too much respect for the fact that they have good people and a lot more context than i do. Me, imw they can tap not unaware of what is the story right now. The viewers of the show like this realize these go in cycles. The behavior of the consumer they are still using it. Is providing value is providing value. Do you think they should have done something differently cu . Im a net net guy, why didnt they come out faster or do this . Its one of the Fastestgrowing Companies of all time. Im not going to judge against that. Regulation seems like a real possibility. Are you concerned regulators could put a big hit on the company . The alcoholom business. Im an investor in uber because of the archaic and ridiculous in americang laws that forced me to look outside the wine business as in entrepreneur. Money tries to stop innovation. It should go unfettered . No. I think regulation is important. Regulation is different than people being affected by innovation kicking cash to politicians. Are we going to talk real . We know exactly what is going on. We are going to talk real for the rest of the hour. And more. Rchuk American Apparel may not have seen the last of its founder dov charney. What hes up to. And investors running away from nike in the premarket. What is causing the exodus. You are watching in the loop. Bloomberg television. I bet it live. A look at our company news. American apparel founder doug turney might try to regain control of the company that fired him. Charney teaming up with irving Place Capital to make a bid for the retailer. American apparels board fired him for misconduct. Samsung may increase its dividend by 50 . Maker ofs largest smartphones says its board will decide by the end of january. Ants to boost returns to shareholders while earnings have fallen. Nike shares down 4 . The company has been hurt by slowing demand in western europe and emerging markets. Railed orders t estimates. Bloomberg is on the markets. A huge run. 420 points. Ver we look to be building. S p futures up. On the markets again in 30 minutes. Back with my guest host veteran investor Gary Vaynerchuk, a lo ngtime investor in Many Companies pay he recently teamed up with steve ross. They invest in startups. Steve is betting big. Two companies you want to safebox. Rezi and we had the ceos. Cofounder of is the restaurant reservation act. And the cofounder and ceo of the Monthly Subscription service. Netflix for christians. You get inspirational biblical quotes. Im really curious. Youtrying to figure out, know what makes a good business. How is this a business . And barkbox have been popular. We are sending boxes filled with bibleational quotes, verses and also products from socially conscious companies. Like what . Last month, we sent out candles. There are companies that have 141 missions. One for one missions. Buy products and they use the money for charitable foundations to do good. Why with that interest you . I invested very early in 800box and barkbox, an million valuation at birch box. This is a category that is authentic. Im a fan of betting on the jockey. ,rom a business standpoint people get something each month do not cancel. They do not cancel. Do you know how many gym memberships are going on. It is a Smart Business model. The box movement is happening. You try this business is predicated on his ability to curate authentic, faithbased products. How do you scale this up . The christian market in the u. S. Is huge. Boxcale up like any other company. We go after our target audience and we grow. Platform we will be a where we can bridge the gap between technology and how people strengthen their faith. There are some other place, too. Ben, what about rezi . You buy tables ahead of time . Restaurantsr with to secure tables at great restaurants at great times. Then we offer this to customers on the app. You watched when . In june in new york and in december in l. A. So, this is what . This is a nobrainer. If you look at opentable and things of that nature, technology continues to shift. A mobile experience in a marketplace that has not been dynamic. We talked about uber. There is a perception that talent anybody to talent anybody to show me the available table. We had those tables. Thosenot one of concierge services. Ben is established in the market. He explains the value thingstion, including like higher check balances. Solve arying to business problem. They are running businesses where they cannot fit another present in. Coming paying for people in. Were trying to solve that. Theres a big lead, opentable. Myspace had a lead on facebook. An execution game. Our advantage is mobile first. Opentable started on a desktop era. Mobilehacking 2015 and behavior. Yes, i agree. But usually first movers are able to hold onto their market share. How do you get your way in . Theres no question opentable paved the way. Opentable now, given weather model is and how to system works, has created problems for restauranteurs. The reason the 8 00 table is not is because the restaurant does not have confidence in the customer coming through opentable. Thee looking at the system, ecosystem, what restaurants want and what consumers want. Theres a big opportunity to change the model and a platform for both sides. Thank you guys. Now i understand. Bben, cofounder and ceo of resy. Faithbox ceo, willie. Gary vaynerchuk stays with me. This is not what sony wanted for christmas. How did some of the movie industrys most powerful executives get into a huge mess . The Lessons Learned. Its notchat snapchat caught in sonys web. A private email predicting the implosion of facebook and Mark Zuckerberg. As you know, hackers who broke into sonys hollywood unit probably spent months collecting passwords. This is not a spur of the moment operation. Sony is still reeling. What are the lessons other Companies Might learn . Mia saini has been investigating. We already know their are and a lot of companies that are terrible when it comes to Cyber Security. Not just Cyber Security, also when it comes to crisis management. I was working the phones speaking to experts. They said there are more than three lessons. Ive come up with three. They said there are hundreds of lessons that sonys peers can learn. The first is probably identify your crown jewels. I spoke to a Corporate Governance expert at third creek advisors. He told me it is amazing how many Top Companies do not know what their most important asset is. Sonys case is the scripts,whatt passwords, employee insurance plans. That information should have been put in a place that thieves cannot find from a physical and digital point of view. The location should also be constantly changing. The second lesson is threat a wareness. You should monitor alarms. It is not just important to