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  • Oil falls below $40 on Thursday, hitting a six-year low. The Futures Now team has the call on how low crude can go.

  • Josh Spencer, T. Rowe Price, provides a "bigger picture" play on Alibaba despite disappointing earnings. Also, Spencer has the trade on Qualcomm and explains why he "struggles" with Yahoo.

  • Bill Smead, Smead Capital, shares his thoughts on changes in McDonald's c-suite and why the dividend yield is dangerous for the stock.