Latest Monthly Oil Market report today. Theres a weekly u. S. Oil data due at 10 30 eastern time. Ahead of those reports, weve been watching oil prices. Up this hour, you will see holy cow, below 63 a barrel. Down another dollar. 62. 79 a barrel for wti. Weir watching the trickle down impact of dropping crude prices. The u. S. Energy price are cutting its prediction for next years Energy Prices to the lowest level since 2009. 2. 60 a gallon. If that happens, u. S. Drivers will save 100 billion over the course of the year. Andrew. Thank you, becky. We have to talk about some stocks though watch this morning. Earnings at Toll Brothers missing the mark by 2 cents. But revenue beating the street. Were going to talk to an analyst who covers the Home Builders and were going to do that a bit later this hour. Check out yum brands because its cutting its full year earnings forecast. Its expecting a slower than expected recovery in china. Recovery still trying to bounce back from a food safety scare there this summer. Costco posting betterthanexpected earnings. Higher promotions boosting sales. And bp announcing plan toes spend 1 billion on restructuring. Laying out longterm plans for its upstream oil and gas business. Bp plans to review its expenditure plans in light of the drop in oil prices. Dotcom hiking its dif did he have depend. The chipmaker announcing changes to its combination plan. Its now citing a move to improve Corporate Governance for that change in the comp. Cornferry says it will start paying a quarterly dividend. Then theres krispy kreme. Shares under pressure this morning unfortunately for them. The doughnut chain earnings and revenues falling short of estimates. I have not been to a krispy kreme in quite some time but now ive been reminded that maybe probably not. Corn nuts are the latest. In our corporate news, legal news keeps mounting for uber. Prosecutors are suing the Ride Sharing Service. Rival lift is agreeing to pay 500,000 to settle its own process. The Company Promising to change some of its businesses practices and another rival, this one is called side car. It is also under investigation in cali are you ready . In california. They only gave me one read. They want to keep us on track, apparently. I only have one story. Sorry. A little time to get back into town. We will take a look at the markets this morning. Yesterday, we were very concerned at this time. Maybe an hour from now when things start to take a turn for the worst. Dow was down at one point by as much as 220 points before making a big rebound to come, but only by about 55 points. This morning, there are some red arrows, but these are moderate declines with the dow futures down by about 13 points. S p futures off by 2. 5. Nasdaq down by 5. 5. Check out whats been happening in europe right non. Youll see at least at this hour there are some green arrows if you look at germany, up by about 0. 8 . The contact is up by 0. 58 . Greece is a concern. Take a look as whats been happening in the treasury nkts here in the United States. At this point, tenyear bond is yielding 2. 206 . If you take a look at currency markets, youll see that at this hour the dollar is down across the board. Euro is trading at 1. 2377. And gold prices rights now down by about 3. 30, 1,228. 70 an ounce. The s p closed down less than a point yesterday. What really had a lot of the week initially and thats the dow. The nasdaq was strong all day long, relative. I think it closed up 25 points. So the notion that its weakness in oil price and technology, that ended about 10 00 a. M. And technology is definitely not weaker. The nasdaq had a big gain, 25 points. What did you think of oil prices this morning, below 63 a barrel . 62 and change. They cant go low enough. Its like the limbo for me. Have you ever seen a really good limbo . We go to 35, how about if we go to 12 . It went to one after it went up to 40 or 50. Thats when my dad worked in the industry. 12 might indicate some negative other when did it become negative . Huh . When did it become negative . It depends on who youre talking about. There are people that think enough on our economy in this country now is oil based that its having a bit of a i dont know when it offset tess benefit to input costs. This is absolutely positive at this point according to larry. I wanted him there i wanted music when we talk about oil prices because it should be very positive. But you could see the unintended consequences, sometimes you dont connect all the dots. David joy is joining us, strategist at amare price financial and doug coked, chief investment at roya management. David joy, we have a lot of guys on, im trying to remember the last few times, youve been relatively positive, relatively sang win. Do you think that that jobs report that suddenly showed that the fed might get quicker, does that throw any doubt in your view about the longterm bullish pieces. No. I actually think that theyre on track to raise rates sometime in the middle of next year. United states 330, so why would that bolster the feds notion of taking longer to razz rates if it was 330,000 . It doesnt. It keeps them right on track and i think thats a positive. I dont think its positive if the side stays on liftoff longer than the street expects. I think theyll get to a hundred by the end of the year. To me, thats the vote of confidence, that this market needs. By the end of qe was a big milestone. Yeah . On the road to normalization. And raising rates for the first time will be another key milestone. So i think strong jobs report is a good thing. Do you ever look at things other than fundamentals . And by that, i mean whether people have are complacent or whether, you know, a lot of the positive things that are would cause you to be bullish, that theyre already well known and the market already has factored that in to why its tripled or whatever in the last six years . Oh, absolutely. And i think right now is a good example that one of the things were trying to keep an eye on is sentiment as expressed in valuations. The s p is trading at 16 times forward earnings. Thats a little bit elevated by historical standards. It suggests that theres a lot of complacency out there. That is something were watching. I dont think its excessive and i think its is somewhat justified by the low inflation that were experiencing. Clearly, you have to watch that, especially as it relates to shower to intermedia terms in the market. And everybody has a different pe. Whether you leave special items in, whether you look at next year. Shiller, what was his, 27 based on some other way that he does it . Yesterday, he has a he has a different way of looking at it. It makes it useless, depending on what youre view is, you get to say its he early 27 or 14. Doug, youve been listening. Where do you stand . Were in the sustainable Global Economic expansion driven by trends. I call it tectonic shifts in energy, global trade, frontier markets, supporters central global, central banks. You have low oil. This is all going to conspire to be double didnt corporate earnings in the u. S. And overseas. You need to be in the equity markets at this point. Everywhere or here . Everywhere. You need to be globally derif phied. Everyone thinks the Global Economy has shrunk. Its actually added the size of the United States of america to global gdp. Were actually at 77 trillion in Global Economic gdp. So that is driving corporate profits, u. S. Corporate profits and the jobs number was unequivocally positive. Right now, the december 17th fed meeting, they could take off a considerable time. But i dont think theyre going to raise rates until probably Third Quarter of 2015. You look at the tenyear at 2. 2 , theyre not going to raise. When you say globally being everywhere, you think japan market is going to do well, you think that russias market is a place . Are there other places that youre concerned about . Not russia. Russia is where the russia global is in a virtual cycle of economic growth, russia is in a vicious cycle. Everything is going greece you like parts of europe . I like parts of europe. And if you think the bank of japan with their shock and awe did something big, watch the ecb next year. Theyre not going to do structural reforms. The ecb is going to have to come in. They have a lot of firepower. Their Balance Sheet has been shrinking. When do oil prices go so low that they become that they actually become a pull on the economy as opposed to a help . If you look at it, its kind of like an 80 20 rule. 80 pefrs is positive, 20 is negative. But you have to look at whats going on in energy. The Energy Sector has dropped 20 . So a lot of big capital projects, mega projects are on the books. So its really killing the cap ex cycle on next year. But Oil Producing nations, nigeria, venezuela, iran, below right now, theyre in trouble. You look at why oil would go to 40. If it goes to 40 because of supply and we make a lot of it, that was that would be unequivocally bullish. If it goes to 40 because demand is in recession, its almost like if they start spiking because of growth. So i think it could be the if oil prices go to 30, something in the world is not which is davids point, if the federations rates, its probably a good thing. Things are firing and they think the economy is strong. Global gdp is looking at 4 . Global . Global gdp, 4 . Thats a huge number. Who . If you look at southeast asia, china, if you look east thats more in the toilet. Multi nationals or go over there . What do you mean by invest everywhere . Invest in u. S. Multi nationals or mutual funds in emerging markets . Certainly i like the u. S. But you have to be in the emerging markets to get the opportunity. You have to be in china, you have to be in southeast asia, you have to be in south america. You have to be in i think front tier markets are a good opportunity. You have to have that in your portfolio. David, just two things that i think are absolutely consensus driven. One, the market cant go down between now and the end of the year. It has to go up. Do you believe in that . And number two, next year we go high Single Digits as far as a return. Are both of those things what youre predicting . Not necessarily. I guess the market will be higher based on its momentum. But it wouldnt surprise me to see some profit taking between now and yearend, especially if this business about greece, you know, lingers and all of that. How about next year . Next year, no, i think were going to get about an 8 return. I think earnings are going to be around 8 and very little if any multiple expansion. High Single Digits, youre all going to be right and youre all going to get bonuses. Every single guy says high Single Digits next year. I hope youre right. Double digits are down. Ill take double digits. Ill take double digits. Thats even better. All right. Well see. Nobody knows. I dont think anybody nobody really nobody knows. Nobody knows. This is true. You have to look at what its driven by. Its driven by earnings. Do i have a voya charger . Well get you one. No, is that you . Voya, you know, those little chargers . Is that a voya . Its different, i think that might be a different voya. Why dont you sue them for hey, any way we can get the voya name is out is a good thing. Isa pharmaceuticals. Theyve been rethinking that. It plains benator look like a good name. Right, it does. Well, maybe not. Thank you david and doug. Coming up, our favorite basketball owner, mark cuban hes not our favorite basketball owner. Who is . Mark gilbert or mark cuban, nonetheless hes the favorite entrepreneur on shark tank. Hes the favorite shark tank basketball entrepreneur. Hes going to be signing off on the s. E. C. When we return. But here is a twist. He was sitting next to former s. E. C. Chairman chris cox. The heated exchange, next. Plus, Roger Goodell speaking out after months of criticism. The dell tails on his plan for a tougher personal conduct policy when squawk box returns. Cute little guy, huh . This guy could take down your entire company. Stay with me. On thursday a hamster video goes online. On friday it goes viral a network choking phenomenon. Why do you care . Hes on the same cloud as your business. The more hits he gets, the slower your business may get. Do you want to share your cloud with a hamster . Today theres a new way to work. And its made with ibm. Sxwloo welcome back to squawk box. Keith joins us from the weather channel. It was nicer here when we went outside this morning. A little bit of a break there. Were going to go back to some rain, snow in new york city. At the moment, here is a live look at the radar. You can see all that moisture offshore. Philadelphia up into boston, that will go to back onshore. The real snow into burlington, vermont, into upsate new york, watertown, into buffalo, they could see some snow there. For the most part, well equipped to deal with it. Today well get back moisture. New york city, you will see snowflakes mixing in there, maybe a coating by early tomorrow morning. Shouldnt be anything other than a nice christmassy touch there. On friday, we finally get this system out of here. This is a slowmoving storm. Obviously started yesterday and its going to take until friday afternoon to totally clear it out and move it up into canada. So some big snowfall amounts, 12 to 18. This is lakeenhanced stuff. You have to go through parts of pennsylvania to see 3 to 5 there. New york, this will put us on the edge there. Well see a bit of a dusting, but shouldnt be a big deal. Like i said, guys, around christmas, a dusting is just about right. Well take that. Well take christmas. A White Christmas could im sorry, i didnt hear that. The old binger. It does whistle, but not like that. He does a beautiful terrible. I am a great whistler. Theres no soul. Youre technically okay. Keith, let me see the tie. Thats where youre stepping up today, basically. Do you like this tie . I dont know. Appeared rue does. Ill take that. If you want, you can take that. And then youve got the tie bar, too, i see. Yeah. The tie bar is in and now the matte black is what you want instead of a gq told me that, at least. Really . Yeah, yeah. All right. Thats cool. Somebody is listening. Somebody is. Nfl commissioner Roger Goodell is going to unveil a tougher personal conduct policy today. He will meet with nfl team owners. Goodell has been dealing with a lot of criticism since the ray rice issue. He said in his own words, he blew it. He said that before. Apparently didnt fit the crime. Under the new rules, the accused immediately go on paid lead following formal charges or an independent investigation. Into anything . This was specifically to Domestic Abuse charges. Okay. What if he, for example, were caught drippinking a 32 ounce s in your view, andrew, is two games enough for that . Only if youre in new york city when you drink it. Im just wondering how much of a player that might be okay. Were okay with that. But i just wonder how much of a players percentasonal conduct totally he sat down with 11 former players, including mike single taer. Mike singletary said this is the nfl, it stands for perfection and if you cant meet that, you shouldnt be in the league. Its the biggest moneymaker, but theres a lot that goes on. You listen to the language between them. And theres still, you know, guys steering helmets into other helmets. Im much more concerned i mean, i understand Society Needs to deal with Domestic Violence, but and roger made that point in this interview, too. This is a societal problem. Were trying to get in front of it and is deal with it. Theres a lot of companies where people have a morals clause. Including here. So forget about the horrible things that happen. And put on leave for things that would be your soda could count. Rightly so. The journals Monica Langley. Shes been following this all the way through and sat through some meetings. She said an insiders view on this. Lets tell but the form ur securities and Exchange Commissioner chairman Christopher Cox. I have not seen Christopher Cox in quite some time. He is getting into the shark tank. An s. E. C. Hater, mark cuban shares the stage with cox at the Market Council event, this happened in las vegas. Cuban talking about why alibaba should not have gone public in the United States. Melissa lee was the moderator. There is no point in s. E. C. Enforced its the biggest ipo in history and can i push back on you, mark . You bought into this pipg . Yes. Youre saying the s. E. C. Should have turned it away, yet you are there as a shareholder giving your money to alalibaba. Because i think the s. E. C. Is worthless in the first place when it comes to enforcement. Seriously. Ive come to grow and like chris. I didnt expect to have that and i respect him. Cox. Yes. Cuban talking about not letting alibaba listen to the u. S. Senate around the difference between china and the government and the ability to enforce Insider Trading rules. Of course, mr. Cuban back and forth. Still mama. Com. Dont cross him. Continues. I wonder if theres any is there any situation where he would wear a coat and tie . Any . I mean, i understand people dont have to do that when theyre billionaires. But is there any i was thinking about to a funeral . A wedding . Is there any i bet at his wedding. Its nice to be able to do that. And we know he has 1 billion. We understand, he has the g6 or whatever it is. But anytime where you would feel like for decorum, im going to i dont know. You go on tv he day without a jacket. I know, but i have a tie on. Anyways, i understand that. Hes got a lot more money than ill ever have. Entertaining. I like watching. I like to watch . Yeah. We have fresh numbers out of china overnight. Inflation coming in weaker than expected. Hit ago fiveyear low. The benchmark index is rebounding after a partnership tuesday slump in reaction to regulators tightening credit conditions. The shanghai composite is still up 40 yeartodate. Are investors finding opportunity in this asian giant . He will focus on american econom