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A short lived oil rebound overnight. gave stocks a boost in europe. what is causing the drop? a supply boon and concerns about a surge in iranian oil production as soon as next month. oil's plunge hurts oil companies, but look at this. great for drivers. drivers are paying $2.01 a gallon. lowest national average since 2009. the national average could dip below $2 any day now. the cnn debate stage. the stage is set. this is what it looks like. this could be most important debate for republicans yet. why presidential candidates looking for a breakout moment could be running out of time.

Countries like fuel-based economies like russia and iran. we'll have a look at the current national average, just $2.01 per gallon. that is cheap and a good price. down from 2.5at this time last year. chief washington correspondent none other than than james rosen joins us from washington, d.c. james, is this improving the country's political standing and being able to buy bigger christmas present this year? reporter: in theory all of that should occur, if it doesn't, u.s. policymakers would like to operate under lower oil prices rather than higher. oil prices dropped 4%, plunging to a new low...

You can't deal with something by ignoring .t but that's how some presidential candidates seem to be dealing with social security. americans work hard and pay into it, so our next president needs a real plan to keep it strong. (elephant noise) (donkey noise) hey candidates! answer the call already. millions of americans will have extra money in their pockets this gift giving season. gas prices are now the lowest in years. msnbc business correspondent olivia sterns joins us. good morning. >> good morning, jose. in many parts of the country gas below $2 a gallon and it is expected to fall even...

What's weighing markets down -- low oil prices. that's good for you at the pump. the average gallon of gas $2.01. today the lower oil prices are rattling investors around the world. there's a local supply in the market and seems to be no end in sight. facebook founder mark zuckerberg posted that facebook will fight for the rights of users. he doesn't mention donald trump in name but zuckerberg said he was, quote, inspired to speak off after the hate this week. a lot of news this morning. let's get to it. what remains unclear is if their love was real -- >> marriage between the two terror...

>> this is little more difficult. this is christmas 2.01. name the president who started the annual lighting of the national christmas tree? was it millard fillmore, calvin coolidge or theodore roosevelt. >> i will go with unknown on this one. i have no idea but go with this. >> anna, kelly are correct. it was calvin coolidge. >> lit hit himself to save 500 bucks. we had historian on the show. i wouldn't have known that. >> here is the next one, 1659, what state passed a law providing a fine for anyone that celebrated christmas? massachusetts, pennsylvania or virginia? >> sound like this one. ...