Nasdaq futures under pressure as well. London and paris have wrapped up abbreviated sessions. Germany, among the abbreviated markets that are closed on this new years eve. The client is in europe following a pretty brutal month for european stocks. We have seen some selling of treasuries lately. Yields higher today. A bit of a different story. Crude oil, arguably the story of the year. Down again under pressure. Both wti and brent above 30,000 a barrel. Will the s p finish in the green for the year . New years eve celebrations already kicking off around the world. Some cities canceling plans over security concerns. George lucas opening up about his breakup with star wars saying he sold out to the white slaves. Disney down 10 since november. Can the s p finish the year in positive territory . Thats a question that will be answer in the final day of 2015. Nasdaq leading with a year to date gabe of 7 . 0. 2 . Just 4. 5 points positive for the year. The dow jones, nearly, 1. 25 . Mike with oil under pressure. Can we hope for a positive session . It is great the markets left us with some positive moments. Last year, december 29th was the high for the year. We sold off for two days. We also had a weak january. I dont think that means anything. The trajectory of the year the way it looks like it is going to finish is almost precisely how it happened in 2011. All of these analogies are complications with it. It seems as if the market did its best to stick to the flat line. Oil was the constant weight on it. I dont know that relationship has to stay in place for a full year to come. Otherwise, we would be talking about a balance in jobless claims. A worst than ever expected. Maybe thats why you have a strength in treasuries this morning. We would also be talking about the fed minutes next week. The jobs report. There are some stakes on the table beyond plus or minus for 2015. It is interesting you mentioned 2011. We came into the last day of 2011 up just over five points. I think the point about jobs friday, next friday, is really interesting. The one thing that we dont know about next year is Market Investors or stock Market Investors, is whats going to happen to the economy. Is it going to get stronger . Is the recovery going to be maintained or do you weaken off and then you overlay on that whole discussion about what the fed is going to do with Interest Rates. You come into this jobs report with very strong figures at the tail end of the year. 218,000 is the average for the last three months. Remember whats happened every year recently. We have had bad weather over christmas and new year. That depressed jobs and growth. Does that mean when we start getting these figures, we get artificially high jobs growth, gdp growth. Does that knock into your perceptions of what the fed is going to do. Dont let that flat line market on the s p fool you. Energy, down 24 . Energy stocks for the year, with some beaten up by 70 80 . Consumer discretionary finishing with a gain. Some stocks up 120 and 140. The majority of stocks had at least a 20 stock. Very tumultuous. Remember china. The nasdaq leading with apple down. Nobody would have said that. For more on the markets around what we can expect, lets bring in more views. John stouffer and erin gibbs joins us equity cio at s p capital i. Q. Good morning. Welcome on new years eve here. I was interested to see, erin that we have our own survey within cnbc. Very pleasantly surprised. The Equity Analyst that they looked at. They looked on average for 6. 8 gain on the s p. I thought in general people appeared more down beat than that. Whats your assessment. When you look at earnings growth, we estimate about 7. 5 . Now, we are coming in with a pretty high valuations. We are at the top of a twoyear range. If the market just grows sort of along with those, any expectations . Yes, we are looking at about 7 . What a lot of people would say, it is about the multiple or the confidence in the market . We have had gains when we got then. The multiple expanded. People were more confident to pay a higher price for a given earning stream. If the feds, other Central Banks are removing the comfort blanket in many ways, what happens to the multiple on those earnings. We have stayed for the past few years with all the quantitative easing and tightening across the world. The s p 500 has stadium within a range of 15 1 2 times to 17 1 2 times. You can see that ebb and flow as we have this fear and confidence flow across. I think if we end toward the year, right now, we are about 17 times, close to the top, we could see that gain. It has been fairly tight. If the s p 500 gets to 15 1 2, bye. The s p 500 and 15 1 2 is a buy. I would say it is a buy right here where we are right now. We think earnings are likely to grow around 7, 7 1 2 point next year. We think the energy patch is likely to improve. We think we are over these down 6. 5 that we have seen. We think the bottom was reached around 34. That seems to be a marker for the price of oil when people go, my gosh, 34. This is too cheap. They come back in to buy. Like many of your fellow strategists, you were overtly optimistic on the stock market this year. You must be days pointed to see it flat line towards the end of the year. Why are you so positive next year . We have to say, this looks a lot like 2011. I heard mike mention that. I see a parallel there, a disappointing year. The s p 500 tends after a flat or negative year to go up in the following year if you go all the way back to the end of 1965. The only six years where you had successive down years were 73 and 74. That was the big bump up in oil prices. The gas lines, as i recall. The other years were 2000, 2001, and 2002. That was tech bubble 9 11 and getting over the 2001 session. Otherwise, usually, you have an up year and we also think the fundamentals continue to improve at home whether you look at jobs, auto sales, housing. You have got cheap interest cheap oil, low Interest Rates. You have wages beginning to move higher. Thats a pretty good mix for Better Things ahead. We think the market will first discount that beginning to happen. We will recognize it further. Within the market, value strategies have suffered tremendously. What do you think is going to be the case in 2016 . Do you think that value might cloth close this gap with growth a little bit . I think value could close the gap . A lot of people piling into the highdividend yielding companies. I think value could play. Excluding energy. Right now, there are some very beatenup Energy Stocks. It still looks like they are going to have a rough 2016. I think you have to look at it with value but also pick your sectors. Well leave it there. Have a great evening tonight. Enjoy the long weekend. Erin gibbs from s p capital i. Q. In the meantime, new years eve celebrations ringing in around the world. In europe, Belgium Police have arrested six people in connection with an alleged plot to target the brussels sell pragss this evening. The citys fireworks and festivities have been canceled and major cities around the world are stepping up security ahead of tonights celebrations after the year that we have had. Chapman bell is in london with the latest in preparations in that city. Over to you, sir. Thats right, simon. As you have said, countries have gun welcoming 2016. Some of the first countries, new zealand and australia with big fireworks displays. Here in london, they are expecting a big fireworks display. More than 100,000 tickets have been sold. Many more people all around london. There will be 3,000 police on duty along with armed police. As you know, in the u. K. , police here dont normally carry guns. There will be armed patrols as well. They point out no specific threats to the celebrations here in london. As you said, belgium has now cancelled their fireworks celebrations. Six people detained in that country today in addition to two more earlier in the week who were tie to a possible plot to attack the celebrations in the capital of brussels. They following the lead of paris, who also canceled their fireworks displays after their terror attacks there last month. Security in paris this evening, there will be people celebrating. However, no fireworks. They will have 11,000 police and military and other personnel securing the area. Celebrations will continue but it will be amid tight security across the continent. Thank you very much, chapman bell reporting for nbc in london. Here on this show, we will speak to the president of the Times Square Alliance to discuss Safety Measures this city is taking as we get ready to ring in the new year. First, still to come on squawk on the street, Herb Greenberg breaking out his list of the best and worst ceos and who might be in the hot seat of 2016. George lucas sounding off about disney and the new Star Wars Film including some controversial comments. First, a look at the s p leaders first, a look at the s p leaders fget beautyrest, posturepedic, even tempurpedic mattress sets at low clearance prices save even more on floor samples, demonstrators, and closeout inventory the year end Clearance Sale is on now at sleep train your ticket to a better nights sleep george lucas speaking out about disney and star wars. During a recent interview with charlie rose, he shared his feelings about his 4 billion deal to share with disney. I loved them, created them, very intimately involved in them. And you sold them . I sold them to the white slavers that take these things. White slavers. He didnt complete his thought. He did say he would have taken a different approach to this new Star Wars Film. Listen . They wanted to do a retro movie. I dont like that. Every movie, i worked very hard to make them different, completely different, with different planets, with different spaceships, with different, to make it new. I am sure a lot of star wars fans would be interested in that. The interview aired in conjunction with the Kennedy Center honors which did honor george lucas in a very big tribute. It is one thing to be part of the creative conversation and to say, i would have been more of an individual person. There is a line that you cross where it is disengiingenuous to people you sold the business to. It was a little bit but the reports were that george lucas could have sold it for more. He chose disney and perhaps took less than he otherwise might have made, because he thought it would be in good hands. To me, it is a guy who has lived with this franchise as creator for 35 years. Almost nothing somebody else did with it might have been perfectly satisfactory. That was the comment, they were like his children. Star wars is like getting over a lost love. So he is grieving. The way the latest movie had been made, clearly, the decision was made to essentially walk directly in the footsteps of the initial movie and make it a very, corporate, this is we are going to plant our flag for the new leg of this franchise. It is not the way he would have done it. He sold it for 4 billion. Absolutely. He didnt have the time to do the next three. Nobody was going to give him the same amount of money disney is spending on these movies. Lets talk about disney. It is closing up the year so far, almost up 13 , which makes it an outperformer. In the last few weeks, it has really shown weekness as these blockbuster numbers come out from the box office. Disney was one of the blue chip stocks that people were hiding in for much of the year. Half the year, they felt there was no way you could go wrong with it. They were inattentive to the va valuation and the risk. All these things that seemed to be this playbook that could not fail when it came to disney stock. We had a little bit of a comuppins. There was no way star wars could have made up for that. Unless the rest of the franchise is super strong. If you were to hit 3 billion or 4 billion for each of those, that would be material. It would absolutely be material. It is much more about the life of the franchise. The market is never going to place a big multiple on any one films box office. It is considered to be this perpetual franchise, yes, absolutely. Which is why george lucas is not helpful after you sold it for 4 billion. I dont think it is going to hurt the film. It will for some people. When we return, art cashins unique perspective on the market as we count down to the opening bell. The fin the final trading session as we head into the break. The s p closed up just 4 positive. Can we maintain that or do we erode it to negative finish . Art cashin is with us from ubs. Can we paint as a battle for the flat line . In practice is that what will happen today . I honestly did say i think there ever people with interest on both sides as we discussed the Mutual Fund Industry would like to eke out a mild plus. There are people with option positions and were going to have a little bit of a rebound at the close. We have really thin volumes. I think it was the Third LargestTrading Center of the year yesterday. Wouldnt they have punched it higher yesterday to try and maintain the flat line . As we discussed, there is a rather recent phenomenon the last five years where the final two days, down with pressure. People shorting what they assume will see tax selling into the new year. I think there was some of that. Just to reflect a little, the u. S. Bull market for stocks is about 6 1 2 years old. It is the fourth biggest, longest in history. Janet yellen was asked at the press conference whether recoveries die of old age. Do bull markets die of old age . They wear down. It was interesting. You had an earlier guest who was talking about the back to back weakness and he cited a time that was very real and rather painful for me, which was the 73 74 bear market. I think that will come home to roost. The Manufacturing Sector is going to have some difficulties. We have to be wary of terrorism, not only physical terrorism but some signs we might wind up with cyberterrorism. That could be particularly painful. If draghi doesnt have as much physical information as people think, will that go into 2016 . I this i thats a perception the market has. The currencies are not operating. If you are going to have that maynor divergence, you would have seen the dollar spike very strongly and the euro come down, that is almost the opposite of what happened. The euro has been strong away from the parody that so many were expecting at 108. I would like to be all wine and roses here. I think the First Quarter is going to be strenuous for us. Why . Why can we not surprise to the up side here . You can always surprise one way or another. Doing this for 50 years, looking at the things i normally look at, it looks like the economies on several continents will be under some strain. If the market can ride past that, that will be great. We are still having a problem getting revenues up. We are maintaining earnings through financial engineering. You are not seeing growth in sales. Thats going to be a problem. It is not very cheerful given the awesome tie that you are wearing today in the spirit of new years eve. This is a winner. Art o. Has always impressed us with the ties. I hope you imagine to get some. I sure do look forward to it. Have a good new year. We appreciate the service during the course of the year. The final opening bell of 2015 just minutes away. Sure, tv has evolved over the years. Its gotten squarer. 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. You are watching cnbc squawk on the street. The opening bell, the final one, is set to ring in just about one minute time. I am watching the price of oil, which is down. It has come back from the worst levels of the session, which could be key to see whether we can eke out a gain for the day and for the year for the s p. A little bit of stability. Whats been interesting, the past couple of days, even with crude weak, the high yield market has stayed relatively firm. It is hard to know if we can extrapolate that. Thats been an interesting dynamic. Watching the Energy Companies which were at the bottom of the list again yesterday. I want to show you the opening bell, which is going to ring here in a second at the new york stock exchange. Final poll trading day, s p 500 stands up 0. 2 . Can we get a gain the fourth year in a row the fourth year for gains. This will be the first year since 2008. Here at big board, ringing the opening bell, phillips highlighting the official lighting. It is all about new years eve. At the nasdaq, Times Square Alliance celebrating new years eve. We are speaking to the president about tonights festivities how they are taking extra cautionary measures on security. Looking at the opening action. Many you have to watch the w winners and losers. Nike on top of the dow. Mcdonalds the second best performer. Some see that as a surprise given the weaker results of mcdonalds. I think mcdonalds is in this class of companies with very large stable blue chips with high dividend payouts. It has been treated like a 3 Corporate Bond where it has gone up over the years. I look at kelloggs, kroger, kimberlyclark. No reason they are all beginning with kfrmtk. They have been working very well because they are reliable. You have the visas of the world that fit with netflix and amazon. People think they have this virtual platform that people cannot penetrate or challenge easily. They are these kind of annuity businesses. Beyond those, anything that has to make heavy products and put them out into the world, it has not been a great year. The fed has been able to reinvigorate perceptions. That was a huge franchise for the first half of the year. A lot of people were sincerely worried about and a lot of the franchisees were getting really, really aggressively worried about and they came in and were able to turn around the perceptions of mcdonlgds. The other one i would mention is starbucks. Up over 50 , almost 50 . I would put that in my category of Platform Companies that sit there and are threwput businesses where more volume is great for their margins. Unlike price line, we spent a lot of time on the technology and went behind the curve on the cutting edge of the business. I am trying to remember what the recent attempt at an acquisition with iac. Angies list of course pushing back. I would point out one other mover in