And this morning the iea says it sees the oil glut worsening. The big reason, demand growth now is slowing while opecs out look continues to boom the ieac Global Market is supplied until at least the end of next year. Wti with 36 and change down another 1 . Even brent at 39 and natural gas, look at that, below the 2 mark. We were you messed it up yesterday. Halftime report we were up like 150 or something . Almost 200. Almost 200. We ended up, up 80. What did you do . Which guy was it do you think . Were you on the show. They were both there. Could have been either one. Or could have been each. But, you know what i think honestly what did happen, oil got weaker and weaker and in the old days if oil went down, it was party. Sit that people think its not as slower or. What is it . The iea saying its demand and not supply. Last two weeks we decided it was all supply. Every guy we had on said it was supply. Maybe its just that the shorts out there in the market are just leaning on it because theyre looking to make money in a year where they havent made much. I dont know but it seems like every day and when she said the dow was down triple digits youre like no surprise because as you said, joe, the stock market is absolutely trading on wti crude. We dont care about the stock market but the market goes down and its a sick feeling. The one place you would expect it to show up in a more positive way, thats the one place where they have been kind of if you expect anywhere you see that correlation, Lower Oil Prices and better consumer confidence, its not really quite happening. Used to thinking of enriching our enemies in the middle east versus the production where were hurting people that have jobs here in the industry and i havent switched to that attitude you would think the tax cut that people have gotten over the last year at least would have sent people out buying everything under the sun and it hasnt happened. Tax cut for consumers and businesses and people that use oil for input or anybody that has to pay power to keep factories open its just its instead of blowing it on energy you could use it i dont see why its not positive. It still might emerge longterm as a positive but right now all the concerns about the last time we saw a bubble situation on housing collapse it was really ugly. Do you have a problem with me hoping for 25 or 12 oil. No who would. 12 is too much. I remember filling up for 79 cents a gallon. Really . Youre a millennial too. I know. Aint you one of them millennials . Were weird. All they do is play with their electronics. Im getting very oh, you got it right here. Its like a natural reflex too it is hard to tryon that ipad so i have gone to dictating but you cant believe the stuff she comes up with that i say. How about the other big stories today . A slew of economic data, 8 30 eastern, november retail sales and the Producer Price index. Forecasters expect sales to have risen which could ease concerns about a slow down in Consumer Spending. As for inflation, headline ppi is not seen changing held back by Lower Oil Prices. And one more snapshot of the american shopper today that at 10 00 eastern. It is expected to pick up slightly to start the month. The perfect reports here for everything we were talking about wti is below the 2008 and 2009 low. Just barely. On the mark grant list as well. Have we reached the 2009 lows. Its on this chart. You are not on this list . I cant get my email. Were close enough at this point. Stocks to watch this morning, United Technologies is raising the lower end of the 23earnings forecast. A 1. 5 billion Restructuring Plan aimed at cutting costs. Shares of adobe getting a boost today. Companies earnings beat the street for a 9th straight quarter growth for its cloud software. Its pretty good. A mixed quarter. Earnings beat the street but the Home Furnishing companies the sales fell short jet blue offering disappointing guidance. It expects passenger revenue per available seat mile to decline by 2 to 3 and the Corporate Credit rating was downgraded to junk by s p yesterday. The fast food chain announced plans to return 6. 2 billion to shareholders and s p says this is a significant shift from the companys previous financial policy and the ceo is going to join us later live today you don care about that . That might be significant. Those are the longterm trend lines traders always talk about. You wonder where the next move lower is. Its coming. I moved on to yum research. Speaking of fast food, more bad news for chipotle. One of the chains restaurants has been closed for food safety violations. They found repeated violations. It reopened last month after passing inspections following an e. Coli outbreak. What a slide they have been on since this first started to take more prominens. In global news a chinese tycoon gone missing. Shares in companies controlled by the billionaire has been suspended. Reports say the mans employees have been unable to con tack him since thursday and he was last seen with police at an airport in shanghai. China is in the middle of a sweeping anticorruption crack down. Raising lots of speculation about whether its connected to that today or several others that have been hauled in after the stock market swing this summer. In other International Market news china reporting the country has attracted 114 billion in Foreign Direct Investment this year. That is up about 8 from the same period one year ago. Chinas aluminum is promising to shut more production this month and not add any new capacity next year. They want to sure up prices for the metal that have been down slightly. Would you go to a chipotle tonight. I dont think i would. I love mexican food. Its my favorite. But i love mexican food but mexican food even when its fine is suspect. At times. What are you talking about. Im just telling you that things can happen. Its probably the most common cuisine for america. Things for me can happen, if the food is fine there can still be a problem. I love the food there. But would you go tonight . I dont know. This is going to be a problem for sales. Ready for this . Probably. 2009, a low of 3459. Why does it look below. A weekly close. I think we still have a couple more to go and you can expect the headlines to pick up as that happens. Whats going to determine whether you go back or not . Thats a good question. What do you need to see . We need a clear sailing sign. But the location out in seattle are you going to go to every single fast casual place. Did you have your initial bout down there . I didnt. I had three days. That didnt happen to you. No. I had a three day spell. I went roadside taco stand too that has nothing to do with chipotle. I did too. That was exactly where i was too. It was delicious. But i had paid my dues. You got off the airline and hit. Tried to stay away. Passport control. But sooner or later youll get something. Anyway, so you never had any problem. You got an iron stomach . It happens to most americans. I went to morocco once and i was the only one. But all rice is all i ate the entire time. I said that stuff happens. Fords head of Research Says the Company Wants to develop Ride Hailing Services that can compete with uber and lift. See this guy travis. Yeah. Man of the year. Ford will launch a Pilot Program we moved on again. Will let employees in michigan use smartphone apps to hail rides in specifically designed ford transit fans. The auto maker is considering expanding the Service Beyond its corporate campus. And in other news from ford today ceo mark fields announcing plans to invest 4. 5 billion more in electric cars by 2020. Were building our leadership really driven by customer requirements and even with gas prices low fuel economy is still really on peoples minds because they also have short memories. They know it can go up. Its down right now but its part of building on our leadership and responding to customer needs and also at the same time being aware of the regulatory requirements. Late next year ford will launch a new version of its focus. It can recharge in just 30 minutes. Lets check on the markets this morning. Taking a look at what has been happening. Here the dow futures lower by 138 points and were keeping a close eye on whats happening in crude oil nearing 2009 lows for wti. S p 500 lower by almost 17 points now and the nasdaq about 35 and lets check on markets around the world here as well as we look to europe. The worst performer there, the german dax down 1. 8 . The cac in france down 1. 4 . Ftse, italy, all with declines of 1 so were ecoing what we have seen in the overnight sessi session. Turning your attention to the bond market where i think i red recently that the five year note had the highest level of shorts ever. Ahead of the anticipated rate hike next week. Everybody still kind of holding in place here, the ten year is at 2. 21 this morning and finally a check on the dollar and gold. The moves reflect what is happening as well with the dollar. The euro is stronger again this morning. Its up a quarter of percent just below the 1. 10 level. Gold down about 7 this morning. 10 46 an ounce. I like this headline. We try. Stocks having their worst week in the last two no, actually in the last month as investors we need more, dont we . Its the worst week. Anyway, beginning the final countdown to next weeks big fed decision here to set the table for the trading day ahead is todd gordon. Founder of trading analysis. Com and Larry Mcdonald head of u. S. Strategy. Youre the best. Maybe go to chipotle tonight. So, ill start with you. So all of this all yearlong were like where we started. A lot of markets, except for oil. Its time to look ahead now. 2016 be any different in your view with many of the same things happening . I think with the dynamics being pulled forward its going to get worse. I think volatility is set to explode. Is that down volatility. Volatility up. I think markets down. I think with this move in the futures now the s p is negative for the year and if you just take a look in 10 minutes it could be positive though. Thats the thing. Yesterday at the close we were up. 2 . When we open now well be down for the year. You take a look at the disparity in the markets. You have the xly which is Consumer Discretionary up 11 or 12 for the year. Compare that. Its been an unbelievable Trading Market and youre starting to see it deteriorate so that carries through its been this anticipation of a tightening and once we get a quarterback in december were going to think are they going to go another quarter so well be worried about markets tightening at least in terms of fed policy so can it be a positive year if nick growth doesnt pick up . Well, the dynamic around a year from now, the futures are down at 85 and theyre a little bit around 1 . So in other words people expect this big rate hike over the next year. That should still be plend the fed meetings, the expectations is so high coming in that they put a more dovish spin over the next 12 months. Expectations are so high that the fed could talk down the dots and talk down the future policy path and that could help oil and risk assets. You probably know everybody is expecting and hoping for a dovish hike. She told us yesterday she thinks the fed is going to be one and well let you know in terms of any future rate hikes. How could they not. But if thats the expectation for wednesday then are we confident the fed will be able to deliver that . I believe they will be able to deliver. Theyre going to have to talk down the market significantly its not the hikes that would sink the economy. Its the psychology. Its an exclues to eject from your long position. Its been so built up to your point that markets will want to head lower. You dont think its in the market already . Youre starting to see the dollar. I do and it does leave the equity market so i do think the markets will be lower heading in and oil has not yet reached the low. Looking at the futures continuous contract the low is about 33. We have serious drop in oil going right now and i think that is going to continue to exacerbate and the reason were seeing the drop, we need to turn it back to emerging markets. Look at the hang seng and shanghai they didnt put in anywhere near what the s p did. You think the market will sell off on a rate hike that yesterday people were saying to us if they dont raise rates that will be the big market sell off. I think it sells off either way. Theres no pleasing you. We cant buy stocks but we can have mutual funds and stuff. Do you blow it all or defer all of it. I have some deferred and have to choose mutual funds. I dont know what im doing right now. Did you know what you were doing then . Why am i here . So i got some emerging market i got american like small cap grow growth. These are always horrible. Should i get this matters to me. Should i go into cash . Should i move everything overseas . Will you tell me what to do next year or are you going to talk in these vague tell me something. What should i do. The way to make money is just buy what nobody wants and hold it. If you bought european stocks in 2011. Should do that now . Yes. Because maybe 2016 is a flat year again. You can wait forever now everybody thinks its going to be a flat to lousy year. I heard one person say its going to be a great year. Only one person and you talked to these people all day long. On at noon with scott and his band of merry traders. How is that . Awesome. Can you do that again . I will. But the real elephant in the room to watch is global gdp is 60 trillion. The amount of dollar denominated debt now is 10. So what happened is and the reason why when oil is lower and the dollar goes high wrer ther theres so much debt that is out there tied to oil that is sensitive to the dollar that wasnt there. So because the fed kept rates where they have for so long thats what is making it. What happen ifs the dollar surprises and goes lower even if the fed hikes rates . That is a thought and it has happened before in history that some folks that i have been stalking to site as a reason that you can have a really good stock. I think thats what is going to happen in the First Quarter because the dollar has made such a violent move to your point and now the fed can talk it down by hiking that policy path. Right now the street is looking for this and if they talk it down to that the dollar will go lower and thats going to support Market Equities and oil and commodities. I kind of like the Dividend Fund and look at the Dividend Fund. I think theres going to be shortterm. How many people have said the market is going to be great in 2016 . The last five years. All right. You think im making that up . No. Thats what i said. You got you know, on the halftime report, which appears at noon on cnbc, scott and his band of merry traders talk about this every day, dont you . You might learn something. Well i learn a lot on closing bell with kelly evans. Were not paying him for this. This is great. Coming up its the hottest gift of the year this Holiday Season but now the nations airlines are banning hover boards. Will this impact their sales . That story from Courtney Reagan is next. First as we head to break take a look at this date back in history. While youre watching this, im hacking your company. Grabbing your data. Stealing your customers secrets. Theres an army of us. Relentlessly unpicking your patchwork of security. Think youll spot us . You havent so far. The next wave of the internet requires the next wave of security. Were ready. Are you . Its gotten squarer. Over the years. Brighter. Bigger. Its gotten thinner. Even curvier. But whats next . For all binge watchers. Movie geeks. Sports freaks. X1 from xfinity will change the way you experience tv. Balancing motorized two wheel boards are among the years hottest gift but reports of ten fires in nine states have safety concerns heating up. Major airlines in even new york city banned the devices. They sold 7500 on cyber monday. Slice Intelligence Data shows about 70 of hover board sales took place in november with sales increasing as some prices have fallen from 1,300 in the spring to around 400. In the meantime it recommends certifying its parts. It has been a top concern for retailers with many choosing not to sell them at all. Those that do sell online. So far none is polling them. The extra measure to use certified, quote, adapters and top quality samsung or lg lithium ion batteries to ensure safety. Incidentally all the hover boards are either sold out or back orders. Now razor hover tracks is another model sold at retailers and its history of standing behind its products like the two wheel scooters is wellknown. It warns consumers, to quote, watch out for cheap uncontrolled imports because manufacturing standards are unknown. We talked about this previously off line that a lot of the concern is the counterfeit products. That is different manufacturers of these things are there. It will come from overseas and its where they come from and who manufacture them. My brother wanted a hover board and had to order 8 of them from china just to get one and hes selling the other 7. Are all lithium ion batteries created equal . I dont know but sounds like theyre not. Thats why some of the companies are saying we use ones that are certified and theyre called out as safer options but i think we need to be careful. You need to be careful when you large them and just be a little mindful. Theres a lot of Different Things to consider but a big reason why new york city for instance banned them is folks falling off or bumping into each other. I mean, selfbalancing. If you have ever ridden one its hard. I think for someone that doesnt have great balance its a hard thing to ride. Yeah. Theyre like weaving in and out of traffic. 15 years ago it was dangerous too. No lithium ion batteries. In short shorts. They still work for me. They make them a lot longer. You want to go the short one. Yeah. Show it off in central park. Almost like 80s sort of what was that Olivia Newton john, john travolta, like that. The worst part is visualizing this and feeling sick. Feeling sick again. You got it. Careful on the hover boards. A 500 ticket in new york city. 500. We have a guest lat