. >> happy new year from the cme in chicago. i don't even think the fed could have done a better job if they had dollars thrown up in the air. we all wish everybody out there in tv land a happy and prosperous and healthy 2014 from the cme group. happy new year. back to bertha. >> happy new year to you and the traders at the cme. back to business, 2013 was good, what about january? dominic chu on the stocks and correct s.e. sectors that look good. isperks in play. the stock up big today and 72% this year. and one more big story on our radar, and that is the radar. a lot of cold is moving in with a chance for significant snowfall. the forecast is coming up. tyler and sue are out. i'm melissa lee and simon hobbs at the nyse. happy new year, simon. >> happy new year to you as well and what a year, melissa. the dow up 26%, even as we speak. a good year for those in the market. it's -- beg your pardon, the s&p is up 29%, 29% gain for the s&p. as for the nasdaq, let's take sto stock. a gain of 38%. nasdaq outperforming and small caps o

at the cme that cost the price of copper to spike. there you see it. according to dow jones that trade, copper trading at 335 and next thing you know jump to 344, $3.44 a pound. what they are going to do is eliminate all trade above $3.42 a pound because it was a fast finger trade apparently, an erroneous trade immediately reported to the cme global command center group. the erroneous trade caused the spike and the spike was the highest level in eight months so highly unusual with no news so that trade will be eliminated, a 11:49 eastern time. dave: we will find out how many trades are adjusted in the end. it is the season for holiday movies. the industry is turning them out and big box office sales are expected but which ones will come out on top and which ones will flop. we will place our bets. liz: the big bond guru bill gross says we are living in a, quote, bitcoin age. our next guest is the blunders confusing digital currency. he will tell us what he thinks the value which has plummeted from $500 a month will rise. find out if not all is the time

. >> happy new year from the cme in chicago. i don't even think the fed could have done a better job if they had dollars thrown up in the air. we all wish everybody out there in tv land a happy and prosperous and healthy 2014 from the cme group. happy new year. back to bertha. >> happy new year to you and the traders at the cme. back to business, 2013 was good, what about january? dominic chu on the stocks

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. juan: i had cancer. cancer that required expensive treatments. juan's mother turned to st. jude children's research hospital where no family ever pays us. for anything. so parents can focus on what is important. juan: like buying me a present! like buying you a present. and giving you a future. give thanks for the healthy kids in your life. and give to those who not. go to st. jude dot org or shop wherever you see the st. jude logo. [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ever before, america's electricity is generated by it. exxonmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives... while reducing emissions by up to 60%. energy lives here. ♪ >>> if you've got kids at home you know how facebook has been a big part of their lives

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease

traders standing by at the new york stock exchange, the cme group and the nymex. teddy weisberg standing by on the floor of the new york stock exchange. teddy, what we seem to be seeing is a change in language for many of the analysts, investors saying basically the taper is a good thing. are you in that camp that the taper, we're ready for it, a good thing? >> you mean bad is good and good is bad. well, you know, perhaps it's a good thing because we've been talking about it for almost 18 months, and, you know, l until it happens, quite frankly, i won't believe the timing of it. but i think at this point perhaps it's just been factored into the market. you know, it's kind of like kicking a dead horse. and i'm not sure if it's a good or a bad thing. i would simply say that the prospect of tapering or higher interest rates because the u.s. economy is doing better not for some mechanical reason or political reason would be a good thing. i mean, short term it might hurt the market, but long term it's good for companies and, therefore, good for stocks. >> a lot of talk

let's get to our traders at the new york stock exchange, cme and nymex. for once the markets are reading a strong number as, oh, there goes all that stimulus to, wait a minute, this has got to be a good sign. second month in a row, right, keith? where we've had a surprise to the upside from the jobs numbers. why the difference today from just yesterday? >> it's actually interesting. i think yesterday and what we saw the week before has led people to think that december taper's going to come in. i personally don't think it's going to be there. i think tear going to leave it alone, but that notwithstanding, we saw the stronger economic data come in and really punish the market as a result. remember that the fed has always said it's always about the jobs numbers, and their threshold for the unemployment rate is at 6.5%. we're still not there, so i think the jobs numbers today and the unemployment reading was a bit of a goldilocks reading. on tuesday, wednesday and thursday of this week, those people are getting punished because they put tight stops on them.

let's get to the floor show, traders at the new york stock exchange, cme group and the nymex. teddy, you and i have been very sanguine about this, as long as the central banking system is completely friendly to low interest rates, we're going to continue to see a rally. how do you categorize a day like yesterday and today put together? >> listen, nothing goes straight up, liz, we know that. the market's been on a big roll. it feels, quite frankly, a lot worse than it is in terms of the psychology, but i think that's a reflection of the fact that a lot of people are -- whether they're right or not -- are convinced that the market has just gotten way ahead of itself and don't quite understand why the market's trading at these levels. so the minute you get a little weakness, you've got a lot of people running to the agents. liz: i want to jump in because dan and then, teddy, you can comment on this, looking for all the right moves, and they were saying, oh, european stocks sold off overnight on worries about fed tapering. no new news on that front, and yet we're looking at about

. >> you're over at the cme. what's the chart telling you aside from what grizz said about the fundamentals? >> that handsome devil he is is right. technically we did see a massive shortcovering here, jackie. we were trading in the mid-93 just yesterday. i fell victim, i shorted at 96. i'm at api data yesterday. came out indicating 12.4 million barrels. honestly, this is a technical short covering. the knockout punch is above $27. i think he's right, shorting this from a long-term perspective, we'll see massive supply flood this market. this is a techniqcal cover. >> the handsome devil i'm not so sure about. >> the devil part. >> go to our website, futuresnow.cnbc.com. scott. >> see you at the top of the hour. >>> up next here, goldman sachs releasing another top trade for 2014. they're making that call for a safer environment. we'll break it down, next. a huge drop for shares of express today. is this a chance to buy on the dip or should you read between the lines about what its forecast will reveal about the re

we want our folks prepared and mark sebastian in the pits of cme. mark, you get a first crack at this one. selloff, selloff, we saw a gain of 61 points. was this profit-taking or a something more insidious? >> when market is at all-time high there has never been a better sale. maybe not through the next day but when the market at all-time high there is never a better opportunity to sell until we hit another all-time high. i think that is what we saw. we had a pretty nice volume day for the friday before christmas. we're heading into a week where nobody wants to be at work. if you're up nicely, now is the time to take dollars off the table. so i think that's where we saw the weakness. now really, i think the real interesting story is the dow and s&p, all-time highs. take a look at the russell 2000 and nasdaq 100 today, huge moves relative to the big indexes. so when you see the small caps really moving, that shows some really strong underlying strength and probably some bullishness through the end of the year. another important point. we had a huge b

let's head back to larry shover in the pits of the cme. hey, larry. >> hey. traders are looking towards 2014. let's face it. what are the headwinds? well consumer confidence jumped back, get us out of this economic rut that we're in. this anemic recovery that we've had. how about a yellen-led fed. normalization of monetary policy, we're worried about that. what will drive u.s. interest rates? that has a lot to do with the stock market. lastly, most importantly, will profits especially in the s&p 500, start to catch up? we've seen statingnant for the last two or three quarters. that is what is on traders minds. they're checked out, waiting for 2014. liz: i didn't think earnings were that bad. i mean, tough to keep up -- >> they could be better. you're right. liz: sound like many of our moms. many of our moms. your grades could be better. >> and they will be better. liz: good to see you, larry. david: while, gm, ford and chrysler had great sales numbers in november announced today the company stocks were down about 3%, a little less than that today. so what's g

cheryl: todd horowitz out in the pits of the cme. s&p 500 closing at session lows. david: might be selling rumors as far as the fed goes. ladies out there, you are included, cheryl, are you looking for all things male guide to just about everything cool your guy might want for christmas? from where to eat, drink, to the hottest fashions and tech. one digital site has virtually everything you're looking for. cheryl: the media group gone from niche letter to a company with all things guide. the cofounder and ceo. this is a fascinating story. >> thank you. cheryl: the email platform. now you're selling products. you are taking this to a whole new level and you have several sites that are working. >> we do. we started as a content property and realized we were driving lots of commerce. we got guys out to do things we recommended. on back of that we took a risk a few years ago and bought a small commerce company called jack threads and done a good job that we can turn readers into buyers. cheryl: actually put the money in your pocket. >> yes. david: a lot of sites out th

liz: i want to take it over to the cme. looking at the fed, what the fed has done this year, they will begin to taper. gold has not been a performer of the year. as we going to next year, that is a sad story for all the goll bugs out there. many had bad calls for 2013. what do you say to the people who are still holding onto gold? >> they have lost all of their stories. they lost the story with iran, they lost the story to the middle east. we have gone through everything and nothing propelled gold, it is telling you what it story is. that means inflation, and inflation is what it doesn't have yet. gold will still have a rough go in 2014, however if the economy starts kicking into gear, if it comes up, if the fed starts worrying the economy is getting hot, that is when they will have their day. gold have a hard time going down anywhere near the same percentage this year as it did last two because it came from the $1800 down to a new low of 1118 level. it'll be hard going forward. cheryl: talk about the gold contract. this pa

cme. what are they talking about will be the next opportunity? >> everyone here is really looking for interest rates because they will be the key. this is a big week for central banks. the bank of england, ecb, australia, canada, mexico, making great decisions. that will have a potential impact. right now our ten year yield is pushing. they are getting nervous. obviously everyone is looking forward to the friday number because that will be the driver for our central bank. liz: we talked about how we will not see things like margin calls with gyrates the market until we start to see higher rates. people becoming a little over leverage when it comes to buying on margin? >> well, yes. actually, margin rates as recorded by the new york stock exchange are all pretty high. it is one of the indicators. this market has been moving and professional money not so much on the average investor. we continue to see huge inflows into the equities, particularly to the etf. another $10 billion going into u.s. equities through the etf. we continue to see money flow

let's head back to lincoln he will is in the pits of the cme. lincoln? >> cheryl, good to be with you. guys definitely square up against a slightly truncated session tomorrow and not really that much interest coming in here. people seem to be squaring up for around 1850 level in terms of puts and calls signaling a slightly higher start to the new year. we did a little bit after study last week to look how the first two days of trade go. they go up for the s&p, up 50 basis points but better for the emerging market economy, eem, the emerging market equity index, 2%. 10% annualized gains in the first two days of the year over course of last 10. cheryl: lincoln, one group of invest that is hasn't performed in 2013. sense that emerging markets will come back next year? >> they could come back if we get a turn in gdp growth and get growth in wages in developed economies, and export driven economies definitely benefit from that. cheryl: lincoln ellis in the spits of pits of cme. >> thank you, cheryl. david: david: 2013 was a panner year when it came to innovati

cme in chicago. we have allen from spartan commodity fund. you know, your boss would always say, why doesn't she ever say your company name. welcome on christmas eve that is what undoing. alan, you get to take it. santa claus rally seemingly in full force here. just a couple trading sessions left. allen. >> i think that we are getting up -- okay. on the crew inside we will not see $100 this year. into next year. unless we get a real cold snap. right now i am a seller of crude. liz: can i interrupt you. wait a minute. we are $0.80 away from $100. >> it is a tough call. liz: you are saying it is not going to happen? >> i don't think were going to see it this year. next year if we do touch it, it has to really break through, and the only way that happens is very cold weather. and if it is, i still think it is short-term. from there, if we did see higher, 104. after that down we go. i am a bear, especially after this one is over. liz: why are you bearish? >> there is lot of supply. liz: they're always ha

i want to go to the cme, and that's kind of on your radar as well. the s&p has performed like it was in a bubble, but you say not so fast. why? what's the difference this time around? >> well, again, when we talk about a bubble, most of us are referring to 1995 to 2000 where the s&p basically tripled in five years. what we've seen since the lows in 2009 is the s&p basically tripling in three and a half years, i'm sorry, four and a half years. and you're not necessarily hearing that bubble world, and the reason is the 1500 level was ours in 2000, and we thought we deserved it. we thought we wanted it back. so most market participants look at this as new highs from 2000. so if you do something that my friend mike arkansas that would calls candlestick math, it essentially is 500 to 1800 in about 18 years. that's what's happened to the s&p now with some volatility in between. and i think what ben says is very important because right now the insurance on the vixx is keep. so that's going to -- cheap. so that's going to keep buyers in the market because th

let's get right to our floor show, traders at the new york stock exchange, the cme group and, of course, the nymex. mark newton on the floor of the new york stock exchange, it's all about the fed talk today. looking at these comments from jeffrey lacker, and, you know, not a voting member certainly, but at the same time he said, basically, that he opposed any qe. let's take that down to the floor of the new york stock exchange. are we going to hear more of this rhetoric, do you think, and is a december taper possible, mark? [laughter] >> everybody's got different opinions. it's going to happen in december, january or potentially march, and it's tough. we know this, at least there's going to be discussion aboot the taper, i think, as of next week. the data does seem to be getting stronger. there are certain holes regarding inventory concerns, lack of consumer demand, but the bottom line is the economy's slowly but surely growing stronger. s&p is now set to join the nasdaq at new highs above november, we know that in the month of december going back over the last 60 years that a move to n

joining us on the new york stock exchange, mark newton, gary at the cme group and jerry grossman over at the nasdaq. all right, mark, let's talk about really just today's action, certainly, friday isn't going to spook anyone. but is this a sign of things to come as we have two trading sessions left, actually? >> yeah, brief stallout, slowdown. we've had six straight gains ever since the taper was announced, and we're still seeing good strength in energy and materials which is important because those groups have lagged the majority of the year. now we're seeing some reversion in the month of december where we've seen commodities reach the highest level since october. the yield's getting over 3% in the ten-year, could serve to spook people, that is psychologically important. we're set to close at the highest weekly closing basis since 2011, so that's also somewhat important. cheryl: you know, mark, at the top of the show i was actually comparing the markets that we've seen not just today, but really this year with the 18-mile mark of a marathon. and you get to this wall, and you kind of

we need to get back to lincoln ellis in the pits of the cme. big selloff in the last hour. what does it look like for tomorrow? >> not too much here on the close actually but it is interesting to note that this is actually 25, 26% up on the year in the s&p 500. that is only the fifth or sixth best performance for the s&p of a double-digit gain. what we would be interested to look at whether or not when you have a 20% plus gain whether or not you get that christmas rally, whether or not you get the santa claus rally david was talking about. particularly get the pullback on that first full trading day what does that mean for a market that is very much near 12 and 10-year highs. liz: that's a great point. watch out. just one little thing can spook the herd. lincoln, good to see you. lincoln ellis. >> thank you, liz. david: the national retail federation says there were more people out shopping holiday week owned but less spent leading overall cash drop in cash spent. what does that mean for retailers and coming earnings? we have fox business exclusive, founder of the retail gi

i can't agree with brother scott at the cme right now. liz: scott, he is throwing down the gauntlet here. what do you think? >> well i'll tell you what, if they're truly data dependent and 7:00% unemployment rate is low because after bad participation rate, we have no inflation and two decent jobs numbers and all of sudden the world is okay then? 40 million people are taking food stamps and 7% unemployment rate coming down fast enough. economy has major hurdles. i don't think we want to take our foot off the gas just yet. david: larry, you talked about the hurt dells before. we have a pickup in world growth. you see the world getting its act together and that will impact investment plans, is that right. >> starting with the u.s., gdp 2.3, 2 1/2%. let's face it the residential market, it has leveled off a little bit. we found a floor, not a ceiling. we have aways to go. business confidence will come back. reduced fiscal drag from state and local governments. all these things are pointing to recovery, not including europe. europe is in the

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect.

let's get a window what might happen at the open with lincoln ellis at cme. lincoln? >> liz, good to be back with you. not much going on. truncated session tomorrow. fed meeting in january. and people squaring up ahead of the holiday. very, very light day here. not much more to report, i'm sad to say. david: all right. lincoln ellis, thank you very much. >> thanks, david. david: one. biggest knocks against federal reserve chairman ben bernanke and most of the members of the federal reserve that they are economic they're tish shuns but dallas fed president richard fisher says he is more business economist than academic. he will be part of the fed policy setting committee starting next year. joining us for exclusive interview since the fed's decision last week, richard fisher, federal reserve bank of dallas president. you've been to australia. you look great, richard. thanks for coming in. >> david, i'm dressed like an academic this afternoon, my tweed coat. david: start with last week's decision. if you had been a voting member last week would you have voted with the m

chris joins us from the pits of cme. take it away. the vix falls as david mentions. not a lot of fear here. equities take off. surprise or not? >> not surprise, we opened higher and stayed higher. you know what? if anything that would have really slowed us down was that awesome consumer confidence number that came out. all of sudden we saw an up tick in the bond yields. soon as that came out we saw it down. equities have been up all day on light volume. vix is down on light volume. david: really, kimberly, it was a sweet spot. that is what the jobs report was. it wasn't so good to sort of mandate a taper but on the other hand it was good enough to keep sales going. despite that and market rally there is still so much cash on the sidelines. some reports of 2 1/2 trillion dollars of cash. when and how does that cash get into equities? >> you know, i think individuals are getting more confident with the, the improvement in the economy. this jobs number definitely adds to that. like you said, although it wasn't too optimistic, and it was just right i think for the overal

it will be a bullish market et issing up -- setting up for early 2014. >> the buzz at the cme? >> the interest rates are out of sight. the market has been pricing in tapering since june. i'll join the chorus of people, but i'll be joining them in a louder shirt, it goes to 104.24 in the short term, 105.11 before the tapering starts. >> joe greco, is this about the taper? is that what the three-day sell-off is about? >> it seems like that's the case, the familiar tune in the last few months. taper talk is back on for next week and everybody is watching the tote board to see what the odds are. besides that, traders are involved in the ipos today, and just like everyone trying to find the underperforming stocks that they can buy into year end, they're also looking at the tight deals that are priced and hopefully get a couple of winners and scrape a dollar or two off of them on their ipo. >> all right, ira, bob, the birthday boy, joe, be good. we'll talk to you soon. >> see ya. >> thank you. >>> coming up, gemma godfrey has ideas about emerging markets. ♪ ♪ ♪ i wanna spread a

rick santelli tracking the action at the cme. interesting point of time given the increased notion there could be taper on the table next week and 10s and 30s hitting the market tomorrow. >> what's misfiing about it, the fed is getting behind what treasury market has been advertising on the world's biggest billboard the cme group. two day rates on tens they have moderated slipping under the 280 mark, 274, 275, psychological support, not wild trade. switch gears. fed going to taper, well i can tell you that the yield curve is flattening, not necessarily the response i would like to see. look at 5s versus 30s, wider on the 30 maturity see it's flattened a bit. opening chart up to november 1st. 16 basis points. last chart is the chart pay attention to. dollar index within a fifth of a cent of going down on the year in terms of net change. melissa lee, it's great to see you and back to you. >> good to see you too, rick. thanks so much. crisis over, so big question now, how do you make money from here. dominic chu talking to the pros

let's go back to alan knuckman at the cme. are we still selling or with re buying now? >> it is selling into the close. we're only a couple points off the lows of the session. these are multiweek lows on closing basis anyways. this is heavier than it is in percentage terms. a lot has to do with the market getting good financial data coming out. it already priced that in. that's why we're up significantly for the year, but now the data doesn't support pushing market higher because it is already built in. lori: what is the story for tomorrow? quadruple-witching expiration. david is laughing a me. go ahead. >> a lot going on. in addition we're coming last couple weeks of the year. a lot of people made their money or try to make the money in last couple weeks of the year. this is the dad's time because the guys in the pit are dads. they don't want to be home with their family. or deadbeat that is have to make their money back. gets tough here from out as volume gets thinner. you have to see how market reacts when we get another buy. we had a big buy last friday. no follow-t

what are traders watching for at the cme today? >> obviously the entire market is focused on the unemployment number. we're looking at the fix of what those numbers might be, particularly in the municipal bond market, which is driven by outflows -- excuse me, inflows last year, we saw about $43 billion which were inflows followed by record prices. and then this year in june, bernanke's taper talk led to 27 straight weeks of outflows and $50 billion overall of outflows in the municipal bond markets as the retail market, which is 75% of what drives that market. >> right. >> really forced those prices down. so two things happen this week that we're watching very closely. detroit was approved by a federal court to move into bankruptcy, no surprise. what is a surprise and what we're all watching is how they're going to treat the pension plans because the federal court suggested that those pensioners might take a haircut. and that's a precedent that's going to have big effects in the muni market. and the second place would be illinois wh

joining us now from the cme group in chicago, lincoln ellis with green square capital. so lincoln, do you buy at these levels now that we've cracked the 1200 mark, or do you think there's considerable down side from here? >> yeah, there really could be considerable down side from here. from the august highs really around the 1400 level right through here where we pierced the 1200 level, your support is around 1180 from a technical base. we've been neutral on gold for some time, and we think with real interest rates beginning to creep up, at least real interest rate expectations, that we would be avoiding this space right now. certainly a much higher level of volatility for investors in the gold market. >> all right. lincoln ellis, thank you so much. appreciate it. ty, up to you. >> all right, folks. >>> we are just getting started on this edition of "tyler's angels." we'll solve more crimes here this hour. take a look at this "power lunch" lineup, wells, thompson and morgan brennan. morgan, you get to go first. >> tyler, right after the break, a new and heavy weapon in

larry shover of sfg alternatives joins us on the show now for some trader talk from cme group. good morning larry. > >good morning. > >what tapering trends are you noticing in the market right now as we prepare for that fomc meeting coming up next week? > >at least yesterday, with all the tapering fear we're getting from the headlines, we had 3 asset classes actually respond in a way that they shouldn't respond if people are worried about tapering. that would be gold, u.s. treasury, and homebuilding stocks. all of them rallied quite significantly yesterday. > >oil is bouncing. does that mean the oil market is telling us that the economy is getting better and there will be more demand? or is it something else? > >i think that's part of the story.i think they are looking for the eia inventory report this week to have 2 consecutive drawdowns. that supercongestion issue in oklahoma is going away. pipelines are starting to move that oil. so the economy is getting better and it's being able to be refined. > >my colleague chuck coppola will be along in just a minute to talk about the

cme group: how the world advances. (voseeker of the sublime.ro. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ever before, america's electricity is generated by it. exxonmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives... while reducing emissions by up to 60%. energy lives here. ♪ energy lives here. if we don't double t

scott bauer in the pits of the cme. scott, we have to begin with you because the fact we didn't see massive erosion or even minor erosion after such a jump yesterday, what does that tell you about the rest of the year? >> well, i'll tell you what. just on the 3:00 bell on chicago time a minute or so ago, there was some massive, mass sill selling coming into the s&p pit. what i tell you the traders back here they have been leaning short all day. they just covered themselves. it was unbelievable what was going on here about a minute 1/2 ago. they covered everything. so what i want to tell you about this marketplace is, these guys here today we would have had a selloff. didn't have it. they covered everything. not only that, we saw the vix earlier today. earlier in the day-traded below 13. yesterday it traded 16 1/2. i know we settled around 14 today, but, boy, oh, boy, complacency set back in, risk is on and it looks like if anything from now till the end of the year it is probably a slow grind higher. david: risk is on b

. >>> meantime, mary thompson at the new york stock exchange and rick santelli at the cme. mary, you first. >> the dow also hitting a record in 20% of 2013's trading session. it looks like it's going to add to that number today again as it moves to the highs of the day. let's look at some of the dow leaders that we have today. exxon mobil, of course, up in response to the gains we're seeing in oil prices. home depot, 3m and ge. basically we're seeing a broad-based rally but specifically a risk-on rally. utilities have been the outlier as we've seen a pickup in treasury yields today. of course, the focus has been on retail today. mastercard command said holiday spending up 2.3%, and in particular, jewelry sales were strong. you can see details, signet and tiffany. and again, the luxury segment of the retailing industry was not quite as strong according to mastercard in the holiday session. also, we want to note that 3-d printers, these were rumored to be a lot of people's christmas presents. they've been very strong over the last week. and they have been extending those gain

he is in the pits of cme. i want to start with you. it appears even though there was a selloff at the end of the day it appears the market is generally okay with the taper. that was brought into sharp focus on friday when good job numbers came in. >> i think that's right. if you take a backward looking view what went on in the summer, bernanke is leading the market to the idea of a taper in the august and september meeting, the idea was that was the preamble, the first chapter of taper and what we saw that the economy actually did quite fine. job creation stayed at 175 to 200 level. maybe we had a little shift around in the complexion of the economy and housing took a bit of a dip but actually closing and contracts we saw coming to market particularly in the middle part of the real estate market continued pays. what they were doing in terms of setting the table for the real taper that is due to happen later this week or in january, actually seems not to affect the economy as much and market seems fine with it. cheryl: okay, jamie, linc

cme group: how the world advances. >>> we are back. we have a special roundtable we put together to talk about the u.s. and the state of the world. back with me is u.s. chief foreign affairs andrea mitchell, also eugene robinson, robin wright, elliott abrams, former policy adviser to presidents reagan and george w. bush, and dr. peter starns, first time on the program. he's here because i spent more than a month with you listening to your great courses on the brief history of the world. it made me sound very smart in front of my kids, even though they weren't as interested. welcome. welcome, all of you. eugene robinson, as we think about the u.s. and the state of the world, it's still my big question. what is the big story in the u.s., about the u.s., that dominates 2014? >> well, number one, this continuing conflict between two visions of government which paralyzes our government, and in turn, paralyzes the world in that the u.s. is the center of the world economy and the world political system. more government, less government, big g

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. is caused by people looking fore traffic parking.y that's remarkable that so much energy is, is wasted

sandra smith at cme. it is top of the hour. lauren, no almond for you, ma'am. >> gee, what kind of new year's is this? got markets are flat. the dow is up two points. the trading range today is just 23 points for the dow industrials. nasdaq is down 4 points. s&p is down not even two points this is flat markets, light volume. things should pick up tomorrow. not light volume would be twitter's stock. this stock has been very trading very volatilely over the past couple days. it is down once again today after a 30 teach% drop on friday. huge volume on friday. huge volume on thursday and pretty big volume today. we expect twitter to report the fourth quarter earnings sometime in january. we did contact the company that should be another catalyst for investors or potential investors in twitter. >> thanks for that, lauren. back to sandra smith where gold is feeling pressure. why? the 10-year flirting with the key psychological level. >> hey, lori. that is a big level to watch on gold and oil b it comes to gold prices down 10 bucks on

agencies global distribution services and ultimately we want to be powering those solutions as the cme or cboe, the exchange behind-the-scenes and so they can offer options to their consumers as well. > > well if you get some deals there certainly you will take off as a successful company. it's all ready doing very well. options away. robert, thank you. > > thank you very much. love those trading tricks bill... still ahead -- why now could get a good time to get a taste of mcdonald's stock-- chart talk is next with matt shapiro, president of mws capitol joins us right now and matt, good morning to you. > > good morning, angie. > > you have an appetite for mcdonald's but why buy this stock? > > well i've been accumulating it actually in this weakness that we've seen. yesterday they had, of course, disappointing same-store sales comps and investors beat up the stock a little bit dropped a buck but i'm making it one of my largest holdings in the top-10 at mws capital because it's sort of long-term hold you got to buy it when they kind of are having a little bit of a tough time. what the r

joining us now from cme group-- alan knuckman and james ramelli. topic one: baby taper - is the taper tantrum by bears over? alan: i really don't think it had any impact. it had a 6% impact earlier this summer when they first mentioned that silly word but now that it's come and gone, we were down 2% of the highs. i think we up and up more. james: i completely agree. on the annoucement we saw a huge short covering and the market held up pretty well the day following the annoucement. alan: it's just a little baby taper. it's nothing. james: right. what's the difference between 85 and 75? 10 billion dollars. i really don't think we're gonna see that much of an effect. alan: it's not tightening most importantly and they're not raising interest rates, maybe ever. angie: topic two: the new greek crisis - whole foods says sit will no longer sell chobani yogurt in its stores. chobani says that's okay, we're gonna be fine. was that a turnoff for investors. should people buy whole foods stock? james: i like whole foods at these levels. we saw it selloff very

in the first two months we are not seeing young people cme. give it time. i know you don't like that. hold on. >> i want steve in here. the fact is what conservatives has been asking fo is for the individuals to take control of their own insurance. the problem obamacare is exactly the opposite direction. >> that's right. that is why you should have choice. if you want low deduible plan, fine. or a high deductible plan, you should have the choice. one thing that will happen now with medicaid growing and medicare growing is more a more doctors because of low reimbursement take those patients. as a result, you are starting to see hints about the regulation saying that doctors must eat those patients. more and more government coercion. they can only reduce cost by rationing. >> the fact is what young people want if they want insurance at all is a catastrophic plan. not one with all the prerequisites that you have to have. you have no choi about with obamacare. >> yeah, david, that is all they can afford. remember this debate is occurring in the context of a pre

we're live in the pits of the cme with how low gold can go. tracy: mark zuckerberg selling $2.3 billion worth of facebook stock. so what does that mean for his voting rights and basically his plans? all that money, we'll find out. ashley: looking to share your shares of facebook too? coming up in the tech minute. interesting story of zero commission stock trading that just secured 3 million bucks in seed funding. >> how about that. as we do at this time of day every day, look how oil is trading. it was $99 a barrel. it is just below, $98.84. traders rising eyeing demand after the fed begins tapering in january. dow is down 11 points. don't go anywhere my mantra? family first. but with less energy, moodiness, and a low sex drive, i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low t treatment that can restore t levels to rmal in about 2 weeks in most men. axiron is not for use in women anyone younger than8 or men with prostate or breast caer. and children should oidwho are contact

here to lighten the mood and enlighten us-- from the floor of cme group alan knuckman and scott shellady. they are ready to go for traders unplugged. good morning and topic number one: bears snared? corporate profits are at all time highs, stocks are sustaining near record levels-- are the bears growling? alan: my friend here is a market atheist.i know he doesn't believe. but if you look at the pe ratio at 19 and a half versus the record in 2000 was 26. we still have a long ways to go and the profits tell the story whether you like it or not. scott: i think that you have to really separate the fact that does the qe justify where the stocks are today or does the fundamentals and the economy justify where the stocks are today. 5% of the people own 82% of the stocks alan, so this has left main street behind while wall street has gotten ahead. so there aren't any bears to be bearish of the market because they're all on wall street thinking it's going higher. it's just common sense. alan: 83% of people are bullish. when people like you finally turn bullish, that's going to be my concern. scot

jeff and jim at the cme. jeff kilburg and jim our rio. i always get suspicious when we or others say heres a how to play this decision. i'm fine letting pimco play it but for this it feels like a game where you let the elephants crash and i want to stay where i am. >> you don't need me here. that was the answer i'm going to give. this is a coin flip, binary outcome. if you're looking to play it and put all-in on red it's a silly bet in my opinion. that being said, i do think they've led us to this point and they intend to taper. there is some small positions i would want to have on and i've talked about them all week. one to be short gold. i think at the end of the day we're going to see whether or not we taper, they're going to talk taper, i hate to hear taper said every five seconds too, but they're going to knock down gold prices and stocks will use this to correct a little bit. >> if you do want to play this, if you are a day trader or more active investor, what would you be doing in the market right now? >> well, sue, you're right. t

time to kick it up a notch with traders unplugged- from the floor of cme group, alan knuckman and scott shellady. good morning guys. >>good morning. angie: topic number one: fat wallets - jpmorgan is talking about doing some virtual cash ala the bitcoin. so, what's the better deal here? buy jp morgan stock or put your money on your hard drive? alan: bitcoins i don't believe in. obviously i've been wrong. it's gone from 10 cents all the way up to $900. jp morgan has been trading between 57 and 50. looking for a target of 64. still 13% above where we are right now. making money, that's all they do. scott: i would have to say that i'm a big jamie dimon fan. i'd like to back him. i think that what he's done with that bank over the last 5 years is fantastic. alan: maybe the fed helped. but what about bitcoins? if you put 10 thousand dollars in bitcoin in 2008, it would be worth 90 million right now. scott: shoulda, woulda, coulda. i'm not gonna look back on those trades. we look forward. angie: topic number 2: phone home- stolen cell phones are big business for cartels. what would be your fa

mummy bought at the same day the five hundred members of the security council and neighbors of cme. iraq jordan lebanon and turkey. also you can. designed to meet the parent stays in the european him. the euro zone finance ministers meeting and has a second date with hopes they will reach an agreement on more centralized control over banks. while the ministers that made progress is some details of a plan to close bangs paving the way for completion of a eurozone banking duty the agreement would boost chances on over on the au which will be reached and this week on a blueprint for beating was fading lenders this would give the eu time to meet a deadline set by germany and of the nations institute reforms fine twenty fifty. under the agreement banks will provide cash to pay for the closure of failed lenders keeping roughly seventy six pity and us dollars over ten years german chancellor and the merkel underscored the importance of the negotiations to complete the banking union. she hopes the ministers will come up with the planned reforms before she and the other european leaders meet

cme on the side of the guam for either. many locals to protect these measures against them the goshen indiana. he's really terrible and i still and taking the sunshine so i had no choice but to wear a mask for the exam i was searching your mosque freaking thing i don't think it helps. hospitals have seen a surge in patients with recipe or two in the face seems link at the piano because in that nation's last saturday. i couldn't keep on visiting the doctor anymore. many respiratory diseases like asking a candy treat get it easily by the et bush and some patience to the point of stills activities. the process that led to the mosque is an effective way to avoid theft and effort will attend from entering the body the udf ocean would have eaten on its an effect on local skills to start smoking in a foreign key factor in what they can to lessen the impact of the promotion of college to outdo activities at school has the audit. but the problem about them in the mall. local fact looking back on the issues will be taken to solve the

great to see you, larry levin of trading advantage at the cme. i want to bring in the president of edge asset management, where she received almost $25 billion in assets. her call is that she believes the federal start tapering in the first half of next year. that will lead to a stock market crash. there are still some areas that she likes, including specialty reads -- reits. >> a great area of the market, and it is not allowed to use but the small and mid-cap companies. space tot lease health-care-related entities. these are booming areas. the biotech market ipos have been really on fire. that is a risky way to play the space. another way to gain access is through these specialty reits, and the more conservative, quality way to do it. >> i know you are bearish on some sectors, including telecoms is one that you are least interested in. a has been looking at the bullish -- scarlet has been looking at the bullish case. >> the carriers still have pricing power, especially when it comes to data. video streaming, data and application usage, will like