Inking a major deal with sam sunk and blackberry ceo john chem is here in a first on cnbc interview to tell us more in just a few minutes. The dow up 16 points, as you can see, the s p relatively flat, slightly negative, the nasdaq also flat for the session overall. Remember, we have five record highs and then two days now where we have been unable to do that after a massive rally over the last month. Joining us in our Closing Bell Exchange to talk about these markets, Heather Hughes of sun america funds, rob more gam from v 26789 v associates, meg green of meg green and associates and jim lowell from adviser investment and very own rick san tellism welcome to you all. Welcome to the show. Let me show a chart very quickly, meg, direct this at you, where we have come the last month in the s p 500, an 8 1 2 rise, rallying from all the lows about concerns about ebola and the economy and now as you see, beginning. Isis. Meg, are you still bullish on this market . Im always bullish. I am very bullish. That doesnt mean we are not going to have dips, people have to get used to volatility, tough think about the market prices are not that out of valuation. I mean, i think its pretty fairly val waited. If you start to look, Lower Oil Prices are certainly going to help us in the u. S. With a lot of the Consumer Spending to the year end. And its happy days are here again. A lot of people are very complacent, very quiet. They are looking for a yield, which is fine and a lot of good places to look for yield, but, yeah, ive been saying 18,000 on the dow for the longest time and we are this close. So. Pick up to than crude point. Rick santelli, i want to go to you on this. I think really important whats happening in the oil space now. We have a 3 selloff into the settle there we have crude settling below 75, gasoline futures below 2 for the First Time Since 2010. Deutsch out there talking about if we go to 60 crude could have a 15 to 30 default rate among some of the highyield energy issuers, talking about volume in this market today thats by my calculations four to five times whats normal. What is going on . How serious could it potentially be as its commodity bubble unwinds here. I dont think its serious. I actually think its great news. Now, i understand theres going to be Creative Destruction going on and theres going to be kind of things going on we might not mind. Venezuela not have an easy time of t russia may not have an easy time of t as pointed out today, if you look at the week u. S. Crude oil production, it topped nine Million Barrels, okay . We havent topped nine Million Barrels in 28 1 2 years. So i think its great news. I think that the yankee technology is now repricing the market. Theres a lot of people upsides due to geopolitics and yes, its going to get messy. I think the price structure we are going to end up with is not going to be maybe super low relative to how low crude oil or brent goes but remain a lot lower than it was a year ago and i think thats wonderful news. Heather, the Energy Sector is the big loser today, down 2 1 2 . I mean, do you agree with rick . Heres whats important. Every penny lower at the pump per gallon translates to 1 billion increase and consumption and consumers and Consumer Spending. As we know, thats twothirds of gdp, that is crucial going into the Fourth Quarter in the season. However, as lower oil and crude prices on its own by itself enough to outweigh the necessities in the basket of goods that are rising, such as food costs, the price of goods at the Grocery Store and represents are astronomically high. So i hope that lower crude will translate to a stronger consume near the Holiday Season and kind of overpower or trump some of the other increases in costs. Jim lowell, this is just my point, i hope that is the case, but all i can tell you from seeing what happened, for example, with the Housing Market, when it rolled over could have made the argument it was good news, houses would be more affordable for people. By the way, there is a financial crisis. Can you just talk a little bit about some of the risks as you see, as oil here, the activity for the last couple of its been astonishing, put this into context for us. How concerned should we be . Well, i dont know if happy days are here again i dont know if Lower Oil Prices are here to say. I do know it is right to point to the consumer as driver of the economy, more cash in the pockets tends to be good. The u. S. Consumer is in reasonably good shape. Lower oil prices are net benefit, not just to consumers but to industry as well. So i dont think that i see profound risk. I do think that oil is a begin of the Global Economy is faltering a little bit. Its not as correlated, i think, as we like to believe it to be, we used to look to oil prices the way to basically tell us in advance whether or not the Global Economy was grinding to a halt and at these price levels, would you have thought it would have ground to a halt, clearly hasnt done so yet, not here at home. Tomorrow, we get a very key gdp Third Quarter gdp from germany, we know the eurozone is definitely on the cusp of recession, expect it to have a mild recession but that, too, ought to be net good for investors that can finally get into the eurozone with a reasonable level of optimism, one to three years down the road. Rob morgan, let me just try one more time here and then i will let it go frankly this hour. But lone star capital, a hedge fund, is shutting down. 12 of its wages are energy, 32 roughly materials. Im just asking, for those for the average investor out there, not that we dont understand why Lower Oil Prices are a good thing, do we need to know about risks in the financial system, back to the commodity, frankly, bubble and bust that we are now witnessing . Well, kelly, in tieing it in with the earlier point about the Housing Market, when the Housing Market turned over and we had low prices there, keep in mind that that was collateral for a huge chunk of the bond market, a gigantic chunk. And yes, some of these Companies Like lone star feeling some pain from this . They absolutely are. But the magnitude is not is not nearly as much as we saw with the Housing Market, so i would say, yes, there is going to be some pain with that debt, but at the same time,ss so small relative to all the other good points for consumers, all the other guests have brought up, i think that, you know, i think its not gonna be a crisis like we saw with the Housing Market. Meg, just to pick up the point that kelly is making here, Deutsche Bank is warning that if we get to 6 a barrel, there could be some distress within the high yield sector, the same time, they do say the simon, isnt that a risk . Isnt that a risk . People reads for yield and bought what was called junk, they dont call it junk for no reason at all. A card laid a is card played, thats just too bad, they bet wrong, it isnt going to bring down the economy and it is nothing like the magnitude. Meg, what say you . Right. You have saudi arabia pumping like crazy and going to have a supply and demand issue and thats really whats the basis of this is. Look at russia and whats happened to their currency, look at venezuela, brazil, there are a lot of things going on in the world but if we want to just look close at home, it happens to be a good thing. Manufacturing, look what we are doing in manufacturing. I mean, thats pretty impressive, like second in the world in manufacturing. So, i dont see this as a negative. I think that any hedge fund that had too much in there is shutting down, thats negative, but i wouldnt have been there in the first place. Keep the balance. That global slowdown, on the other end, you have all of the fracking, the hydraulic fracking shale gas formations, American Energy establishments helping to keep the praise of oil even lower and a big point on the table today is keystone. Right now, it seems like that will be passed. The president may be forced to sign that into legislation and use his veto power for some of the immediate issues and that could also help. Okay. So, another play another play is pipeline. You want to own the pipelines and then youre getting your cash flow, you dont really care hat price of oil is. If you play this whole thing properly, knowing that theres inflation, if you want to take a look at housing, you want to take a look at real estate, you are looking at 2,000 a if the here in florida. I understand the sky is blue and i understand theres no state tax, but we are talking about major inflation. Coming down there, meg. Come on. This is real. Leave it there. The clock has beat us. Meg green, Heather Hughes, rob morgan, jim lovell and rick san telly, thank you all great conversation. We have about 15 minutes to go here, tough point to the resilience of the stock market, as i mentioned, even as oils having another tough session, the dow up 39 points, the nasdaq is up about 4 1 2. The s p slightly weaker. Feel better now . I dont know if i feel better or worse. Blackberry launching a new mobile platform that can be used on other phones, signs up samsung and helping to score a big pop in the stock today. Blackberry Ceo John Chen is here in a first on cnbc interview next. Hasbro in talks to buy dream Works Animation. The stock pros weigh in on how the maker of my little pony can mesh with the maker of shrek. So i can reach ally bank 24 7, but there are no branches . 24 7 its just im a little reluctant to try new things. Whats wrong with trying new things . Feel that in your muscles . Yeah. I do. Try a new way to bank, where no branches equals great rates. 47 minutes to trade. Dom chu has the movements. Start off with whats happening with hasbro, the news of things, it is in advanced talks to buy dream Works Animation studios, dream works higher on the news, up there by 11 . One deal that did go through, Berkshire Hathaway is buying Procter Gambles dura celibatery business. Berkshire will swap 4. 7 billion equity stake in p g for dura sell brand and 1. 8 billion this cash as well. Shows shares to watch. Walmart higher after postbetterthanexpected Third Quarter earnings and sales as well as comp sales above estimates. See the walmart shares up by 5 . Fouryear low in oil prices is affecting two sectors, airlines, which are moving higher, while Energy Stocks are headed in the opposite direction. End with blackberry, moving higher after the company unveiled the mobile Device Management platform and struck new partnerships aiming to win back customers, up 9 1 2 on the day. Back to you. Thats quite the move, dom. Thank you. Blackberry stock a great day after mapping out the ener prize strategy today in San Francisco and signing up sales to provide its enterprise platform. Also now, blackberry announcing it will debut a classic phone on december 17th. Joining me now in a first on cnbc intervunt back of all this, blackberry chief executive officer, john chen. It is great to see you. Welcome. Thank you, kelly. The phone, the device, Kim Kardashian will be excited. Should she be equally excited about what you are doing on the Enterprise Services side here . I dont know. I havent spoken to kim. I wouldnt know. Let me ask you quite seriously though, your aannou e aannouncing a new device at the same time, basically saying becoming more devising a mostic. Over time, how much of blackberrys revenue will be devising a mostic as opposed to reliant on the traditional phones . Well, it is going to be a portfolio. I dont have a number in my head. But our Software Business today is very small, roughably 250 million a year, im hoping to get up to 500 million a year in the next fiscal year and then the grow will continue. So, see a little bit more significant. What is the fundamental case for this mobile management tool that you are announcing, is it security in the wake of the security concerns we have seen on other phones, is it cost . Is it availability . Its a little bit of combination of all, but the most important thing, like you said, security. We are very focused on security, productivity side of the equation. Management, scale ability. This is a built form that is going too last us a very long time. We can build a lot of great, Great Technology on top of that, great partnership, you mentioned it a little bit earlier. Samsu samsung. A lot of the carriers signed on to resell it, to host it. Distributors around the world very excited about it. We have got something good going here. The samsung news raised eyebrows, people in the past talking about them being a suitor for blackberry during some of its struggles, by the way, the partnerships that they have had with google for years now, even on the enterprise side, how have you managed, full to elbow google out of that equation . Should that tell us something about samsungs strength or weakness today . Oh, no, i dont think we should. We are focusing on the customer ultimately and i think samsung and blackberry has traditional strength in different areas. This is very complementary. And im very glad that we could put it together, but nothing to do whether we have done anything with or without google. You know, obviously, google is also a, you know, a great ecosystem partners and in the emm space, sorry for the mouthful of terms but hoping one day we could even build the ecosystem big with samsung and beyond. What might that look like . And is it is capital a barrier or whats biggest barrier to your growth at this point, simply demand, the message . No, i think it is about technology lining up together to be complementary to each other and having a really good set of solutions for the customers. Its not really about capital. Its not really about anything else. Thats the beauty of the Software Business. You can add value with very little barriers, all about innovation. Your shares are up 50 or so just this year. Obviously, market cap of 6 billion plus, that puts you in a very different position than it did before you came in. What does that mean though again for blackberry as an independent company and, you know, theres a group of west point cadets, i dont know if you can see behind me, leaving, just on the floor here, i turned to them before the interview and said how many of you use a black berry, not one hand. Not one hand. You know, the company is financially very stable now. I mean, i still have to making money and breaking even and cash flow or generating cash from operations. All these milestones will happen. I made the same, you know, beginning of my tenure here, i think we are making great progress toward it, those will happen. Capital enough, always good for our shareholders and put us in a different position in terms we now be able to make some investment on our own and, you know, our cash position is very strong, over 3 billion right now. Im thinking again back to the day when apple and ibm announced their partnership and your shares were down sharply on that news. Is this tieup with samsung an effort to kind of fight back on that front . Obviously, its part of your whole turn around strategy, but were you surprised, your share reaction that day when ibm and apple were talking about analyt analytics . No, no. You know, the whole Partner Program has always been a dream of ours from day one that i came in. Okay . We know we have to expand our ecosystem. We know we need help from the carriers, the distributors, theism svs, like seam source. Com and, you know, the Technology Partnership like samsung. So, this is not a reaction to anything whatsoever. Apple ibm partnership, they serve a space, they might compete and overlap. Im not worried about competing. What about competing when it comes to the Enterprise Software that youre announcing today and down the road, as a lot of these companies, ours included, a lot of people watching, will understand the concept here, but perhaps look for easier features, more functionality, more data, more analytics, more apps built on top of that certain from the device managers point of view, what do you have in the pipeline or what do you have planned on that front . I could only tell that you we have plans. We have a lot of pipeline, both internal development of the technology. We might do some acquisition, like we did a couple of them in the last 12 months and we will partner quite a bit, especially in analytic space. So, i this you got to stay tuned but certainly on our road map. Understood. Thats enough of a hint just there. Let me pivot a little bit and talk about what will have many people excited next month, the launch of the classic phone. Nice job capitalizing on the nostalgia factor, as you have said it you are calling it innovation it means improving an existing item even if he it is some extent just a return to the olden days. Blackberry classic, what can you tell us about it . December 17th . Yes, december 17th, three different places. Gonna simultaneously, at least three on the same day, gonna announce it, singapore, frankfurt and new york city. Im going to be in new york city myself. Interesting thing is the reason why we call it innovation, the interface, both hardware and software, you use the word nostalgic it is something that i hear loud and clear, a lot of our customer wants, a lot of customers still have it, on wall street, in media, by the way, and im sure you have colleagues that still uses held onto their blackberr