We are holding in on you because you are almost 75% of the entire American economy and there

is a lot of questions out there spending. Yeah, it's been strong. The credit card debt is

soaring at the same time interest rates are on the rise as Powell has been in a fight against

inflation. We'll talk about it all and here what you think. Let's speak with Consumer

King, Tom and Fatita about what he sees in the year ahead also. We will unveil our exclusive look

at the best performing cities for the stock market this year as well as the single worst and yeah,

there may be some surprises in there. Welcome everybody. Good to see you. This is going to wrap it

up for the year live on CNBC but we got one hour to go and let's finalize it with the markets

no surprise here. The markets today, what a very fitting. They went out like they had been all year

pretty lousy. The major averages fell across the board not a lot. One to two tens still year to

forget for most investors. Here's how we wrapped it up. Get down into the year down just about

9% the S&P over 19% of the Nasdaq an absolute just butt kicking. Nasdaq down 33% those by the way

are the worst performances for the averages in 2008 and the beginning of the global financial crisis

and those declines. Here's your number the day wiping out 10 trillion in investor value and take

a look at this data from CFR and our own Bob Pisani to put these moves in context the next worst year

was back in 2002 when the S&P 500 ended the year down 23% all in all one of the worst years

ever for the stock market and the worst year ever for a combination of those stocks and bonds.

Now you can blame pretty much everything except oil and gas. Technology was a disaster. Facebook

crashing nearly 70% as investors rejected the whole metaverse project at least for now.

And as we said don't point the finger at energy oil and gas sort of acting like the technology of

old up nearly 60% this year who could have predicted that or this Chevron with its best annual

returns since 1980 and Exxon mobile posting its best return in company history oil and gas

...