Oil this morning. Gain of 1 and a third percent. Prices decline nearly 9 just in the last three trading sessions. In case you missed it last night, the worlds top supermodels hit the cat walk. Wearing the most expensive bra encrusted. Dow chemical and dupont advance talks to merge, a merger can be announced in the next couple of days. Together a cap of some 120 billion. A deal would result in a threeway split. First they merge and then they split it off. Keith mccullough, record and tough deal for the industrial company. You have said in many times its in recession. More than 4 trillion in takeovers over time. Keith thiswhen things slow people have to buy growth and join each other. We cant do this, we didnt do that. Boom, all of a sudden theyre basically agreeing that nelson said and you get a lot of value creation. At least thats what the market is implying. Thats a big move. This is what you to deal daytoday. Everyone is going to agreed to get married at this point. Maria you wonder if this is a forced situation because things are so tough on the industrial side of the economy. Keith its awful. Dagen you can smell the desperation. Keith when you lose pricing power, you do margin. Its a very basic exercise. Effectively youre going see more and more of this provided the deflation instead of inflation. Dagen in a company thats soso, these kind of deals usually result in job losses. Keith yes. Dagen good for shareholders in the stock today but not maria a deal that would trigger a lot of deals. You have to believe that the competitors, the others in the landscape will feel the need to gain scale and also get together. This could be a whole new rush within the chemicals business. Keith they are two of the bigger ones. A loft of the smaller ones have to get less small. This is the kind of deal with the credit market. The credit will have something to say. You cant do big deals with credit risk rising in the marketplace, thats something obviously that happened overnight. Biggest companies out there cut their dividend by 74 . Maria you called that. Keith great analysts kevin said, they wont be able to pay the dividend. Thats an entirely different problem. As dagen pointed out a multiple times, they have sucked people to be in the lmps and morgan was the poster child of yield chasing in the mlp. Maria thats an oil story. Keith industrialpricing story. Its a deflation story. Its one of the biggest Leverage Companies in s p history. Dagen dividend cut in morgan. Keith huge. Dagen dividend cuts and mergers and Companies Going out of business next year. Keith you merge with somebody else, take your savings and take your dividend. Thats not good for the economy. Maria the other top story we are following this story, donald trump, defending his controversial plan to ban muslim immigration plan, increasing support for the candidate, blake burman in washington with the latest. Blake, good morning to you. Blake the Vice President called Donald Trumps comments a dangerous brew. The White House Press secretary says it disqualifies trump from the presidency all together. Trump calls for muslims ban entering the country were widely reviewed from his own party. Paul ryan weighed in, trumps plan is not conservatism. Its something that should be considered in the shortterm. He did not back down on the premise and told Barbara Walters last night he does not regret the proposal. Somebody in this country has to say whats right, i have Great Respect and love. I have people that i have tremendous relationships with, theyre muslim and barbara, they agree with me 100 . Its shortterm. Let the country get its act together. Blake we will see how if at all these impact trump when polls released in the next couple of days. For now though, strongest support in the republican primary. The latest pom out of New Hampshire shows no one is even close to the front runner there. Trump has 32 support in the primary and this right here might give the gop a doubletake. If trump were to run as independent, throwing it out there, twothirds of his supporters would back a thirdparty bid and you can see the split there. Maria if there was a Third Party Independent and he lost because the voters were so divided, hillary win it is election. Blake that is one of the theories. Theres the questions whether its possibility to get on the ballot, but just the fact maria as independent . Blake just the whole thinking and the notion of the risk and the split there is something thats got to give the gop a little bit of a double doubletake. Maria he will be hated after the election. I wonder if hes thinking about that. Blake possibly, trump does what he wants. Keith hated by a few muslims right now. Maybe a few mexicans. Maria wendy, good morning to you. What are your thoughts on this trump fen phenomena . We have something almost daily to discuss. Has that kept him in the spotlight. We were having the same conversations with illegal immigration comments and john mccain. Maria i thought he was out on the john mccain comments. This is not a practical proposal. Its not on our drivers license or passportses, maybe Online Dating profile. But nobody tells the truth there anyway. How would we ever enforce this. Youre wondering if hes not dialing up the rhetoric. Its just a shortterm, i love muslims. Thats not what i meant to convey. They think hes a front runner. Are they going to be put off by this. Maria look at the numbers, you guys. Keith the polls are media driven. People are constantly paying attention to media and he gets the most clicks. Maria every day. Keith itll be interesting for me to watch. This story had played out globally before. Clowns have ran and voted before. You just wake up one day, ill just maria i wouldnt call him a clown. He has a huge following. I dont see him as a clown. Keith clowns are popular. Maria to you but not the ad yendz. Audience. Dagen people are afraid. Well, you well, lets think about what hes really talking about. It would be temporary. So you see slowly but surely people considering what hes talking about in the broad scope. Nobody wishes this on the country, hes not only going win the nomination, hes going to win next year if that happened. Maria so what happens now . A response that we have to comments like this. Theres a certain seghtment of society that thinks i want to stay safe and thats my number one priority. And to those people, comments like these are strong and resinate and that probably is going to explain why hes not going to see a significant drop in the polls. Keith you have multiple candidates on that trump. Maria trump is running on toughness. The current president , president obama is just reluctant to call out terrorism for what its been. Keith the clown versus the possum. Dagen isis is contained. The rhetoric has not been true. Maria hes weak on the terrorism. Dagen Victoria Secret fashion show, thats actually where i met donald trump for the first time. [laughter] dagen ive met him in and malania. You know, hes everywhere. Maria diamond encrusted bra. Maria nothing dagen he knows everybody. Maria coming up terrorist attacks that have left the city of paris on inch. Chipotle not out of the woods yet. This time it is not e. Coli. Back in a minute. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me. With onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. 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If you want help improving your a1c and blood sugar numbers with a noninsulin option, ask your doctor about onceweekly trulicity. And click to activate your within. Maria welcome back, new developments in investigation in the deadly terror attacks in paris. A third attacker has now been identified. Cheryl casone with the story. Cheryl good morning, guys, 23yearold detonated a suicide vest where at least 89 people were killed. Theres the picture. He was a French National that visited syria back in 2013. William stanley announcing its going to eliminate 1200 jobs mostly out of the new york and london offices. 150milliondollar charge to cover expenses in the fourth quarter. Cuts compromise finally, more bad news for chipotle. Different news. Safe Health Officials say the cause is not e. Coli, its noro virus. Symptoms very similar to e. Coli but usually lasts about two days where e. Coli can last up to 10. Good news for the kids and this might be kind of good news for potentially chipotle. I dont know. Theyve been getting crushed in the market, pr wise, everywhere. Maria what is nora virus . Cheryl food illness, it can be transmitted to touch. You need to wash your hands a lot. One of those. Maria lettuce and food. Keith a lot of stuff is getting into it. Dagen food handling is a big issue. Nora virus, i dont want to be gross because its early, when you have vomiting and diarrhea. When you have the mass outbreaks, contagious, but it doesnt last that long. Maria weve seen a real reaction from wall street analyst. You are seeing the stock continue to be under pressure because people do not know what the issue is here, whether its nora virus or e. Coli, theres an issue with the preparation of the food at chipotle. Keith they had a meeting yesterday the Management Team and they he would characterize as a level and we are going to get through it. Everything is fresh. Its not really. The corn that they have, its frozen. Its not all fresh. The fresh things are frozen. Maria okay. Thank you very much. Coming up the Energy Market a big focus. Investors preparing for a crazy day for the oil. This is dictating markets. We will take you live next. Shouldnt what makes each of us a unique individual, help individualize our Cancer Treatment . Now through advanced genomic testing, we may be able to pinpoint and diagnose what makes your cancer different, which can reveal precise Treatment Options that were not considered previously. With this important breakthrough at the intersection of science and technology, weve arrived at precision Cancer Treatment. The evolution of cancer care is here at Cancer Treatment centers of america. The only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. Maria welcome back, oil prices are moving higher this morning. Coming off the lowest level in nearly seven years, that has pipeline operator says it will cut dividends 75 . Phil flynn. Phil, what is the move mean for the industry and then you have aangloamerican story cutting 85,000 jobs. Phil crashing prices have consequences. When they crash its even more. The Kinder Morgan is a big story, it puts every Energy Company on guard that there could be more cuts coming. Traders are finding out that that is not the case this morning. But take a look at the oil today. We are back up today a little bit. Up 50 points due to drivedown in inventory according to institute. What that means is that the Energy Industry might be getting ready for the holiday drawdown of invent oirs ahead of the tax season and they may see invent oirs inventories dwindle. Maria i think this angloamerican cutting jobs is totally within this whole story that we have been talking about. The collapse in mining and manufacturing and the industrial side. Keith a lot of people continue to say that its different this time. If you look at the three indicators of recession, when phil said leading indicators are crashing price, if you get a crashing price and your company is hostage to crashing price, you have slowing profits. If they slow is top leading indicators for recession. The next thing that happens is that people get fired. Once they get fired, they lose consumer confidence. When you lose your job youre less confident and you start spending less. A vicious cycle. In other words, whats happening is leading you to whats happening. Maria of course, not. Dagen this feels like the internet bubble and also feels like the financial crisis in some way. People have recommended these companies all the way best and breed. Dominators and you see them falling. The only problem with this is more like banking in some way because this is a leverage business. When you have leverage involve keith it will say a different kind of Energy Company. The ceo, people say, thats not the Something Like that. Unlike the reality is that this is hostage deflation, 42 to 14. Its really like a phone maria now this is really a major issue negative going to 2016 stocks. Keith absolutely. Its down 40 for the year, maria. If you look at the space before the leverage bubble it was 6 million. Maria wow. We will take a short break. Mcdonalds, by the way, found new moneymaker, we will talk about that coming up. Stay with us. Lots to cover. We live in a world of mobile technology, but it is not the device that is mobile, it is you. Type 2 diabetes doesnt care who you are. 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Officials believe the Tashfeen Malik, his wife may have been an operative in the country. Checking markets, futures searching for some direction following two days of losses. The Dow Jones Industrial average reversing course showing a gain at the opening of trading in 26 points, the s p and nasdaq close to one changed territory. In europe weakness, mining stocks, we know angloamerican, mining giant is cutting 85,000 jobs, the industrial recession continues to pressure the major averages in europe are mixed. Lowerthanexpected Economic Data out of japan, the shanghai index in positive territory, the nikkei average down 1 . One other stocks to watch, yahoo the company abandoning its plans to sing a lot sagan ali baba. The shares are results better than 2 on the news in the freemarket. Golden state warriors, the team at 230, the warriors beat the pacers 131one 23. A blockbuster merger between dow chemical and dupont highlighting what has been an already record year for and a. Joining us is david, good to see you, thanks for joining us with your take on this huge deal that could happen in the next couple days. The country has not found growth by any other means. In this case we are seeing what looks like a great deal. Maria the industrial recession. The pricing component or what we call the de