Worldwide exchange. On a monday. Opposite sara eisen alongside mike santoli. Good morning. Happy holidays. Last week 2016 all week playing the top songs of the year. Might be the first time i hear some of them. I have to admit. So sad. We are all over the trending music here on Worldwide Exchange. Lets check in on the Global Markets first thing this morning. Lets take a look. We have a futures i think trading pretty quietly just below, slight lie below fair value on the s p, the dow. The dow still within hailing distance of the 20,000 mark. Made a near approach last week but flattened out. Seven straight weeks in a row. Take a look at the bond market what its doing this morning. Or do we have Global Markets the ten year trying to come up here. But youre right. 13 points away. Just 13 points away. We calculated few cents on each dow but never got there. Ten year note yield somewhat higher. 256. We may the high on the yield on the 15th of december about 2. 6 and hovered right there as well. It seems like were pretty much going to hold the highs in the stock and bond yields. We have a flood of Economic Data out of asia. Heres a recap. Starting with japan, cpi inflation key for japan and it declined again. 4 of a percent. Yearoveryear in november. Economists have been looking for a smaller drop. Meantime november Household Spending in japan decline 1. 5 from the previous year. As for the labor picture in the country jobs to applicants ratio rising slightly to its highest level since july 1991. In south korea, a new survey from the central bank showing Consumer Sentiment plunging. Among the reasons a big political scandal and volatile financial markets. Then in china the National Bureau of statistics reported by Large Industrial firms rising 14. 5 in november significant jump from the 9 policy 8 increase the month before. Their services widening to 25 billion. In a commentary yesterday Chinese State news agency said the country will be meeting its growth target of 6. 5 to 7 growth this year. There had been some questions about whether the president , some reports from bloomberg was open to going below that growth forecast. Perhaps they were tolerated or widening the band of what was okay. China, i mean, you have to think of how we start this year. The market crashed. Currency plunged. It sent the whole Global Markets into turmoil. Things look a bit calmer although there are concerns in the bond market. The question of sort of the debt edifice. Not yet spooking anybody. Markets in hong kong, australia and new zealand shut for Public Holidays today. Heres the rest of the major markets over there have performed. You see the shanghai is the one in the red. Been a little bit of a pattern. Been an underperformer. Nikkei in japan up fractionally as well as the kospi. In europe we have tuck markets clos the uk markets closed today. Italy was down earlier on the continued concern about the banks but has come back a bit. Lets check out oil prices. This morning oil still trading near 17 month high on the price of oil and firmer again this morning. Wti 53. 25. Were looking at the highs of the year for the price of oil, up. 4 of a percent. Brent is up a little less than that. Natural gas is getting a boost this morning. As for the u. S. Dollar also hovering near 14 year highs as yields remain near their highs. The euro is weaker 104. 46 and dollar just a little bit fractionally stronger against the yen as well. The pound weaker. Strong dollar. Well see. Still in search of a trend. Small moves. For gold on the flip side has been a big loser in the past few weeks and months on that strong dollar. Its up about a percent this morning. So week ahead were in a phase that gets us into the santa claus rally. The question is was it pulled forward by the trump rally and if it doesnt happen is that a precursor as they say to a bear market like we saw last year. Last two years that santa claus rally period which technically is define last five trading days of the year plus first two of the new year that would have start this year on friday. Friday you had marginally up markets for the dow but past two years that bellwether signal was negative and it led to negative january. I think the rule if you can call it a rule is if theres no santa claus rally so to speak then january struggles. January has been weak three years in a row. I think a lot of questions going into the end of this year arer with in for another replay of that especially when as we just ran through stocks finishing the year at the highs, oil at the highs, bond yields at the highs and gold at the lows. A lot of these markets are at a little bit cyclical extreme. Dow up 9 since the election. Thats the other wild card you have here is the election and this burst of fundamental reasons the market should rally. Yes it hasnt happened yet. This idea of sharper tax cuts and less regulation and more stimulus and fiscal policy has been fuel for the market. One of the reasons its worked is that if you were wrong about all those things you wont know about it for months. Can you play the trade while its in incubation if we get it. If not well have a little bit of a struggle. The consumer will remain in focus as retailers deal with returns and gift card redemptions. About 10 of holiday purchases are returned and the rate is higher for online purchases. The majority of those items even the ones bought online are returned to brickandmortar locations. That was a surprise to me the return rate so high and mostly happens in stores. Thats good news for stores, right . Means they can buy again. Running sales. Have a chance to actually get them again. President elect donald trump tweeting about the economy and retail yesterday. He wrote last night quote, the world was gloomy before i won, there was no hope. Now the market is up nearly 10 . Christmas spending up over a trillion dollars. So, as for the whole thing thats up for interpretation. As for the market hes not wrong. The dow super9 . S p is up by 5. 6 . The trillion dollar spending number i went, i tried to find that. It came from a survey. But got published back in september october. It was before the results of the election but there is a feeling that consumers may open their wallets a little bit more, their animal spirits have returned, theres this great hope of lower taxes and fact that the election is just out of the way. There was definitely financial journalist trying to fact check that. The question is going remain does he want to actually mark to market his Job Performance on the dow . Is that really how you want to go through for four years. Trillion dollars in Holiday Spending, ask anybody in this country what the dollar value of Holiday Spending was last year. Nobody has any idea. Can you claim it, its fine. Supposed to be up. No doubt. But to your point the fact that hes calling the market before he gets inaugurated and taking credit for it, lets see what happens if theres a downturn. Absolutely. To the day ahead on wall street there are a pair of economic reports on the agenda. The first trading day after the holiday weekend. The kay schiller home price index will be out at 9 00 a. M. Eastern. At 10 00 a. M. Look for december Consumer Confidence. Well see if that confidence affects following the election did take hold. The index jumped to a nine year high last month. In Corporate News this morning the European Central bank is telling monte dei paschi the italian bank it needs to raise 9. 2 billion dollars. Thats significantly higher than the 5. 2 billion capital short fall previously estimated by the bank. The bank jumped as it experienced large outfloss. Latest statement comes after the Italian Government approved plans last week to bail out the italian lender. In other global Corporate News toshiba is considering booking a loss of hundreds of billions yen on a u. S. Power acquisition. Shares dropping sharply on the news today. The loss would be for goodwill impairment. Toshiba will be forced to boost its capital base which has been weakened by restructuring steps in the wake of its accounting scandal. Snapchat is buy iing see imagine media. The start up deal is estimated to be 30 to 40 million dollars. Snapchats first acquisition in israel, see imagine develops technology allowing use towers virtually place furniture that they want to purchase inside their homes right on their phones. Report suggesting the companys highly skilled team was the main acquisition purchase reason rather than that actual technology. Some stocks to watch today. Iran says it sealed the deal to buy 80 boeing jets for half of the announced price. Boeing in a airbus signed contracts to supply commercial airplanes to iran first deal since the International Sanctions were lifted under the agreement to curb tehrans nuclear program. Add Convenience Stores to gas stations. Uk said the company is pushing the model as a global strategy to boost earnings from more than 17,000 station worldwide. Barrons is positive on hd supply. Shares are up 10 since election day. More than 25 . It could rise another 16 in the coming year. Hd supply could benefit from an increase in Infrastructure Spending understand a Trump Administration as it sells Building Supplies used in nonresidential construction. When we come back. The playbook for 2017. Well look what could happen in the health care sector, worst performing of the year for the s p. But first we want to hear from you. What do you think is the top market story of 2016 . So many choices. Brexit. Trump. China. Crude oil. Well read some of your answers on air before the end of the show so please let us know. Your top market story of 2016. Youre watching Worldwide Exchange on cnbc. Bigt the g to wish, xudecember to mb salvente g to wish, get upo 2500 customerash se6 and 20 deor these ter. Get see your lexus dealer. Ont t offe you a your live cha. Welcome back to Worldwide Exchange. If youre just waking up lets get you up to speed on the market action. U. S. Equity futures just a little bit below the flat line. Dow jones industrials average looking to lose close to 18 points. Maybe put it slightly further below that 20,000 point mark that weve been monitoring for a couple of weeks now. Lets take a look at u. S. Treasury yields this morning. They were slightly up. There you go. All across the yield curve we have slightly higher yields. Ten year note pushing 2. 56 just a little bit below yeartodate highs set a couple of weeks ago. Seems we might go out on the highs in terms of government yields as well as the stock market this year. Turning to oil, we also there, oil prices above 55 for brent, 53 for west texas intermediate. Natural gas getting a good bid on some of that cold weather throughout dunn. Now for cold well take a look, coming off those recent loss. Just a little bit. Up 1 . The dollar is mostly calm this morning at 1144 per ounce. The ball is set to drop on the new year and you know what that means. Cnbc getting out the playbooks to work out what may happen in various sectors in 2017. Today were looking at whats next for health care. To do that here is bertha coombs. Reporter repeeling obamacare is easy. The challenge for the Trump Administration and republicans in 2017 will be coming up with a replacement plan and pulling off a smooth transition. Three predictions. First repeal and maintain obamacare. Republicans will repeal the aca especially the unpopular individual mandate early next year but replacing it could take a couple of years. In the meantime they will keep obamacare subsidies and to prevents a collapse of the market they may come up with funding to offset insurers losses. Second m and a on pause. With uncertainty surrounding changes to the medicaid and medicare Government Health programs, insurers and hospitaling will refrain from big mergers in 2017 and instead work on partnerships aimed at bringing down costs. Which brings us to more pay for value. Hospitals are already feeling the pressure. Next year drug makers distributors and pharmacy benefit firms will be on the hot seat to deliver lower prices too. Bertha coombs, cnbc business news. In other words it will be a big policy year for health care and i think theres going a real divergence. Weve seen it between the hospitals, the insurers and drug makers with diverging fortunes based on any tweet comment or even policy we get. It seems like a wide range of outcomes because people are pretty comfortable with seeing who is the winners and losers. I heard some people point to southeast Specialty Pharmaceutical Companies that have been beaten down, people think there will be prices on drug price and comparing them to what Energy Stocks looked like at the end of last year. Nobody thinks theres a way out. Nothing but downward spiral. They look cheap. Well see if theres any surprises. They did get a bid towards the end of last week continuing this idea the market continues to rotate and pick winners and that propels the rally. Surf through whats been lagging. Coming up this morning top political stories including a round up of the latest tweets from president elect donald trump. He was pretty active last night. Had a lot to say. First as we head to break heres todays National Forecast from the weather channels meteorologist. Kind of a rainy start across much of the northeastern cornerer and foggy conditions across much of the south. Fog advisory in atlanta. A lot of rain will just be in the Morning Hours with sunshine returning by the afternoon. Chilly across parts of the north and a storm system in the Pacific Northwest will bring heavy snow in the cascades. Take a look at the temperatures. More records can be expected today across the gulf coast states. Cooler in chicago with a High Temperature around 32 degrees. Our temperatures in the northeast today are going to start out on the warm side but they are going to be calling as that cold front passes in to the afternoon. Another warm one st. Thereafter, 82 degrees today in miami. Going to be a very warm december. Well be right back. A developing story theyre morning. Russias Defense Ministry says rescue teams have found the black box from the military plane that crashed in the black sea this weekend. All 92 people are believed to have died after the plane crashed shortly after take off from sochi. Passengers included singers from russias military choir worship is going syria to perform at a new years concert. Japanese Prime Minister shinzo abe is in hawaii for a historic visit. This afternoon abe and president obama will tour pearl harbor and uss arizona memorial. First time a japanese leader has visited the site of the 1941 attack on the u. S. Naval base. Earlier this year president obama visited hiroshima to honor victims of the atomic bombing in world war ii. My must read later today is on the significance of this, not just for japan and for president obama, but the message here for president elect donald trump. And the rest of asia. President elect trumps Transition Team gets back to work today preparing for a battle to confirm cabinet nominees. Edward lawrence joins us live from washington with the latest. Good morning. Reporter good morning. The president elects Transition Team opened a war room here in washington to help his cabinet picks get confirmed here from congress. The president elect minimum self may need help to answer conflict of interest charges. Donald trump tackles Foreign Policy and business conflicts as the country awaits more cabinet picks. The Trump Foundation controversy is creating a stir among critics who believe a conflict of interest is unavoidable. With the new York Attorney general there will be lots of people nipping at his heels of this Business Empire that he refuses to divest from. Reporter trump needs to divest himself from his for profit business before he starts working on world affairs. Friend dont take friends to the security council. Reporter problems with israel may be the first problem. The president elect condemned the United Nations again calling it a club for people to gettogether. After the u. N. Security Council Passed a resolution condemning israeli settlements. Israeli Prime Minister accused president obama of being behind the resolution. When the Prime Minister of israel makes an allegation thats backed up by 100 evidence. Reporter pro arab activists stand by the Incoming Administration concerns. I hope donald trump doesnt act in a precipitous and dangerous way and undo this or try to remove the u. S. From the u. N. Reporter mr. Trump says the resolution makes peace in the middle east more difficult. And israel says it will suspend working ties with countries that it started and initiated this resolution and cancel state trips with countries that voted for it. Thank you very much for that. In other National News today controversy over the american kidney fund. Its one of the largest u. S. Charities helping to pay insurance premiums for dialysis patients. It distributes funds based on need. New york times reports the charity resisted giving aid to patients at clinic that dont donate to fund. The fund ceo sai