in this space and people expected more than they ever did. historically they have been ignored and we are happy to be working with many institutions better and simpler. >> and making blend a good business along the way. >> better lending. >> [ laugh ] the mona lisa smile. >> thank you for joining us. hugh thank you as well. that's it for the exchange, everyone. i will join tyler in a moment and it begins right now. >> we will see you just a moment. i am tyler map and knew it 2:00 socks soaring on a potential deal to avoid another government shutdown. and upbeat words from the president about trade and china. and taking aim at buybacks. this time is coming from the right and senator marco rubio from florida and we will debate it. the stock is up more than 30%

this year. why is foot search another 20% from here. stocks are a session high and the dow scoring almost 400 points almost 1.5 and a half and the nasdaq is out of correction and power lunch starts right now. let's get straight to what's driving the wall street and we have the latest on the tentative deal at least in congress to avoid shutdown and president trump warning in with trade talks and we are go team to the floor >> a possible trade deal and investors are moving into stocks and the dow frying higher at 400 points at session highs and all of 11 s&p traded to the outside and see the latest comments from president

trump is a strong indication the administration is flexible on a tariff deadline. it is seen as encouraging from artistic participants and they are keeping a close eye on china related names and the parent, the latest reference in the chinese consumer and that's up nearly 4% and the number of companies set to record openings and trip advisor up now 11% so far this year. kelly, back to you. >> thank you. president trump says he is not happy about the proposed deal to avoid the government shutdown. is it enough to kill it? >> has more. >> reporter: president trump said he might even veto. he sounded skeptical earlier today. >> it's nice to negotiate a little bit. i would hope there won't be

shut down. i'm extremely unhappy with what the democrats have given us. it's sad. they are doing the country no favor and they are hurting our country very badly. we certainly do not want to see a shutdown. >> the gop senators are in their weekly policy luncheon now and discussing the deal. senator john croman came out and talk to reporters and said that the president is just trying to keep his office open and does not take it as a rejection of compromise. however, conservatives are not happy about this deal either. representative mark meadows, the leader of the house freedom caucus, tweeted the democrats have no interest in border security and the president should take executive action to build the wall. guy's, it is possible the president could still declare a national emergency even if he does find the deal and if you like lawmakers feel like the government will be open then. >> jaylon morris.

thank you. trade with china and we see names sensitive to the outcome flying. let's go to kayla. >> reporter: with the key team on the ground trying to work toward a deal and more than two weeks for the merge first deadline, the president today confirmed he's open to being flexible and not raising tariffs. >> a 10% or 200 billion goes up to 25% emerge 1st and so far i said don't do that. if we are close to a deal and we think we can make a real deal and it will get done, i could see myself letting that slide for a little while, but generally speaking i'm not inclined to do that. >> we reported that on "cnbc" last thursday and it comes as they are pursuing other fronts against china and a multipronged policy fight against the second largest economy in the world. you had yesterday's executive

order and a potential executive order currently in the worst works for huawei and cte and banning them from any role in federally funded issues. auto tariffs could be tailored to china and one more piece of leverage president would have against china and that report could be delayed. it is one of many issues in the mix here. at least for now the president is optimistic the march 1st date could come and go with no escalation for now. >> kayla, the president is fond of repeating many billions of dollars are coming into china in the form of terrorists. and i and my understanding correctly the american importers pay for it? >> that's very correct. that's why the end cost is

plate paid by the american consumer. u.s. companies pass the cost along to consumers. there is additional revenue coming into treasuries general coffers that offset the deficit. the president is correct about that and paying that money is the business side here in the u.s.. >> kayla, thank you so much. d.c. feeling the rally today as we've been mentioning all session. stocks hit their highs and our investors are being too optimistic. vanguard was on cnbc yesterday saying get ready for lower returns and expect it analyze over the next decade or so and let's bring in hugh johnson with utah soon and visors and q does 5% compounded annually and the stock market sound about right for you or is that a lowball? >> no. i think that is about right. as you look out over a longer

period and a look at the current level of stock prices which in my judgment are a discount to fair value we are talking about the next year which is about all i can see. i think we are costing talking closing closer to 8.5%. once we get, tyler and my view when i do the numbers through the 1st quarter of 2020 i think we will have the industry at a level and at that point we might have to say or what we are going to have a beer market accompanied by a recession. >> very interesting. implicit in what you just said is the idea that the fed is nowhere close to being finished raising rates. >> i would say that is true. until we get up to 3% on the federal funds rate, that's when we run into trouble. with the fence at 3% on the federal funds rate all other interest rates are moving higher. not significantly higher and we do move higher at some point we

run into trouble, particularly when the growth rate of earnings, as you know, is slowing down. that combination and higher interest rates and slower growth in earnings will give us real problems but not until the 1st quarter of 2020. >> a fairly provocative against the grain thought there. how soon and how high we make it there and what the consequence would be. mainly we are staring in the 1st quarter of 2020 with the potential for a recession. what do you think? >> i agree with what hugh said. when we think about the piece of interest rates on the balance of 2019 i think a lot is predicated on how much global growth picks up with the trade deal. in government it stays open the 1st half of this year and it kept the fed on the sidelines

and if the economy were to pick up in the back half of this year, they could raise rates before the end of 19 and it's the right thing to do. >> would be one or two hikes? what i heard maybe incorrectly, i heard implicit in what you said there would be two hikes roughly a half a point. >> i think that is about we will get with one hike. my guess is the balance sheet run up but gets put on hold before they run it again. they take that off auto pilot. >> for the next year, hugh, you are comfortable owning stock? >> well, yeah. just for the next year. i'm not comfortable when you're talking about 120 months in a bear market. the longest bear market in history. i put interest rates together with the earnings we get and uncomfortable and i will be honest with you, i am crossing my fingers tightly. >> you, we want to ask you

about china. as we watch the major sensitive names doing well, what you think of prospects for march win? >> you will not get a deal by march 1st. it's more than i guess. is looking closely at what is being said. i think what is going to happen is that there is no way to do a deal by march 1st. they don't even have the paperwork together. the president told you or telegraph today that they would postpone any increase in tariffs from 10% to 25% until the end of march. we will probably have a deal by the end of march or the outline of a deal or most of the deal and a meeting between the president and the premier of china. i think we will be putting things off until the end of march and that's why you have the big rally here. both the chinese want a deal done and need a deal to get done. and president trump really needs a deal to get done when we look at the 2020 elections.

we need the deal and he knows he needs the deal and it will be later than march 1st. >> do you agree with what hugh just said there and is a de- escalation of trade tensions for the market almost as good atomic tonic is a real complete comprehensive deal that takes into effect all of the other structural and property. >> there's heavy enough construction workers that have moved the needle and we need to see and we need to see escalation at the end and it will be worse for government shutdown. i think it would increase the increase of global economy and that would push us into a recession quickly. not escalating and getting a deal done by the 1st half of 2019 is the end goal and i think it will cure a lot of problems.

>> you, hugh johnson always good to see you. >> pleasure. >> you bet. coming up stocks and maybe reaching a deal with china and the markets recent gains is under attack. a republican senator proposing a tax on buyback and what this could mean for investors. under armour shares are surging up nearly 50% in the cold company troubles behind it next on "power lunch." >> this "cnbc" sponsored by

welcome back. under armour railing and the company boosting apparel sales and showing wrong growth over speed and wall street not ready to jump in on under armour altogether and most analysts have a hold or sell rating 22 of the 28. sharon murphy and piper jaffray & company will break down and our own sarah ison also with us and welcome to you both. sarah, what do you think are the major headlines from today? >> i talked to kevin planck and his number two. frisk is in their just sort of a right size the business and get it to an maturity point. that is what the company has been planing on struggles and they had a slowdown of rapid

growth. the headlines from the quarter and what they were trying to emphasize is they have a sustainable and more profitable business in place and they gave us a message they did at investor day and a key highlight of the report down 12% from 1 year ago and it will lead to better profitable growth and the missing component, kelly, is on sales growth. week in north america, which is expected and we can footwear and international goes double digits and not quite the same level it was going before. the onus on the company to have mature repeatable growth it can get growing again and get the brand wanted again and they talk about innovations like cover. >> under armour at $22 today as you think you can get up to 30 and how does it do that without the growth sarah is talking about. >> we do think there is

exciting revenue growth growth to come in the guidance, it's the low water mark so i would be a buyer here and as we go throughout the year some of the innovation sarah just touchdown, cover a great part of the franchise that they are using for multi-lover. some baseline for apparel and women are still to come. exit 2019 our view is this will be an accelerated revenue story and not just profitability turnaround story and the best is yet to come. >> where does the stock go, aaron mack? a $30 stock over time. it's an expensive stock on earnings and that being said we view this as not a normalized earnings base for the country and it's doing its 3% ebit margin and you look at the global tariff and we do think this is the company that has the lovers to get there and they are 13% and you have to

look over a multiyear basis even getting to the 2023 target and it would push earnings share and we think that is conservative. and looking it's the way we approach it. >> the point is it is still a pricey name and the higher multiples go to stocks with higher growth. what happens if they fall back into the traps of the past? >> there is that question in the competitive environment. they are trying to engineer growth again where players are in a leisure space. lulu is biking and nike showing 9% in north america. north america for under armour is key and that is the whole market. that will be the challenge and the competition. i talked to frisk and a plank about that. plank said they are in the $5

billion club as far as how big their market has got them and it puts them with a few elite players like nike and adidas and they have proof they have the like and they are working on fashion wear and doubling down on this idea of franchises where they don't show a unch of products and see what works especially on footwear but build more franchises around hover or the other athletes they have to get kids into it young and at a rate which is not unlike what we see from like nike with a lebron or jordan brand. those are the strategies they will tackle. and that's where the bear case is out. it's a very high multiple. is trading at 65 and next year's earnings and nikes in the 30s and it's a much smaller market cap and i was talking to mike earlier like chipotle

valued, always high value for strong growth process and the size of its brand. >> sure just mentioned this and that is the idea of how do they reach the younger audience. i like their stuff but my son and his buddies are all in with nike. how do they break in to that younger cohort quickly. >> is a fair question. one of the oppositions we've had is under armour has a democrat of a 16-year-old and we have seen it most recently and back in the fall. the brand stabilized and it was the number one for brand and it had been slipping and it is stabilizing what they need to do now is focus on more of a nano active marketing ploy. you've seen them do some really unique collaborations with the rock and that helps globally given his presence globally. selecting the key athletes or it may not be an athlete or a celebrity that can help partner

and you see that from adidas and nike and that's what's best to come. >> tyler. i think it is apparel for under armour. i think it's tougher to break in to footwear when you have nike dominance and adidas surging advance is doing well in the preteen, teen group. under armour has been a performance apparel wear. the colder weather gear does well. >> is very good. >> i still have my original mock neck. this was men's and back in zero five. it was a beautiful thing. thank you and we will see you if they can get to 30. structures on netflix up 33%. a nice move and only february 12th, folks. one analyst says the stock will write another 25%. does the team agree? shares dropping for --

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it's time for trading nation. check out netflix shares getting a boost from william blair upgrading the stock with a 72% rally and that the super bowl with a 30% gain in 2019 and let's bring in matt miley and mark with strategic partners to see if that sounds plausible. matt, how is the chart set up for netflix right here. it's been a wild spring-loaded ride for this stuff. >> it's kind of funny because it's short, intermediate and long-term choice. overall it looks good and you mentioned 30 p% for the rally up over 50% in the last six weeks. near term it's gotten overbought. they may need to pull back but that would not be a big deal and if you look at the weekly chart and the intermediate chart, when it sold off it bounced off its average and it provided great support for five times and that's very positive and then when it rallied it got

above its trendline back to the all-time highest back in june. i would still like to see the stock at october highs and that's at the 380 level and it was quite good on the chart and there is no question it looks best of all on the chart. >> all right. the fundamental story has not changed much for those volatilities in the stock. they raise the prices and spend money on content. does the fundamental story back up with the stock has done? >> i think so. subscriber growth is expected to slow to sickly but they are more than offsetting it with their price hike because they can. international growth is high and the global secular shift on on demand entertainment is alive and well. another trend is core cutting. fewer people don't want to pay for cable and instead preferred streaming. how might the consumer scale

back? they might cancel their $100 cable bill. it is unlikely they will cut their $10 a month netflix subscription. people will sit crisscross applesauce in their living room staring at the wall. the biggest issue for netflix going forward is the cost of content being driven up by competition. hbo's game of thrones cost $10 million per episode and one of the most popular series around and netflix plays 13 million for the crown. i don't like it that it costs 30% more than hbo pays for game of thrones. >> it is spending a ton on content and making it up on volume, or trying to. we will see if it works out. matt and mark thanks very much and for more trading nation had to our website or follow us on line at trading nation.

the dow right now after rally, a little less than 400 points. it is pitchers and catchers report. two top players still on the sign and we give you the hits and runs and errors and a game on and a new game that could be a fortnight all this wind "power lunch" returns. >> a word from our sponsor. >> in a losing trade avoid letting your emotions get the best of you. too often traders want to add to the losing position. experienced traders will say your first loss is your best loss. take a small loss and move on before it becomes too big.

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welcome back, everyone. i am sue herrera and this is your "cnbc" update. mike pompeo visiting slovakia with talks government officials on the second stop of his divine nature and european tour and the fight against chinese and russian influence on the continent. forces of the us-led coalition continuing their attack on the

latest isis stronghold using and air trike. it was video provided by kurdish and syrian monitoring groups. harrison ford making an emphatic plea to protect the world's ocean while calling out president trump and others who he said to deny or denigrate science and that's a quote. he stressed the importance of acknowledging the effects of climate change. >> but around the world, elements of leadership, including in my own country to preserve their stake in the status quo eny or denigrate science. they are on the wrong side of history. >> you are up-to-date. kelly i will send back to you. >> sue, thank you very much. 90 minutes until the closing bell and let's get a check on the rally. dow up over 400 points of 371

and a 1.5% gain for the blue chip and the nasdaq up one of five. chesapeake trailing with the 36- point gain. food prices surging. the oil market is closing and we have more. oil prices up and we are well off dust levels of the day. west texas will seat $53.11. we were as high as $54 in zero five and $64 and $0.44 and as high as $63.32 at the highs and it seems as though opec is sticking by their price reduction. the cut 790,000 barrels from the market in january. saudi arabia said they would cut production by 9.8 billion's of arrows gallons per day and those will prices have production side issues. back to you. the debate over texas and taxing the wealthy is front and

center today. a trump meeting with cuomo to talk about the income tapping and we are live with elon moray with one gop leader has stock buybacks in his crosshairs and puts him in an uncomfortable permission position. let's go to amon in the white house. >> reporter: unfortunately, we will not see this meeting between the president and new york state governor andrew cuomo on camera. oh to be a fly on the wall. two dynamically oppose politicians meeting maybe to meet a common cause. sanders says the meeting will be focused on state and local tax deductions and that is the impact of last year's tax bill were officials say tax revenues were down $2 billion below projections partly due to the caps of state and local tax deductions and they are

possibly going to be discussing infrastructure process projects in new york, sir center tells me. otherwise we don't not know what they will say. you have the president and an iconic new yorker himself, but whose political base is not in new york meeting with the governor of that state who has largely positioned himself as a member of the resistance from the democratic party to the trump administration. he even hosted a number of inaugural events at ellis island championing immigration and positioning himself against the president on that issue and they are meeting at the white house. >> we look forward to learning more. marco rubio is out with the plan to limit stock buybacks and we have more. >> reporter: democrats have slammed buybacks over and over again. now we hear a republican, marco rubio, out today with the new proposal to curb buybacks. he said they are not the most

produced productive use of capital. they are popular because they are taxed as capital gain and this would change it and makes them taxed as dividends instead. that would mean the full amount could be taxed. it would also mean that they could potentially face higher rates depending on what kind of dividend model they choose to follow. this is just a proposal and not legislation just yet. there are details that need to be ironed out. essentially what rubio tries to do is change the incentive structure for companies engaging in this kind of behavior. instead, he wants to encourage them to invest in cap next instead and use revenue from this proposal to making full expensing permanent and expanding the types that could be eligible for that particular deduction. that's where conservatives believe they will see economic growth. back to you. it's debated all now, at

bernstein the senate on budget and policy priorities and james is a policy analyst for the american enterprise institute and both are cnbc contributors. you guys know each other, right? back a little bit. >> you been on tv together? >> a little bit. >> i want to understand what senator rubio, jared, his seemingly proposed here. if i tender my shares in a buyback back to the company who is a buyer here i would no longer get a capital gains treatment on the profit i made selling those shares back, but that income would be taxed at a dividend rate which is basically the ordinary income rate. right? >> he is clearly making a play for the vice presidential slot either on elizabeth warren or bernie sanders ticket. it's obvious. no, it exactly as you describe. if you realize the gains after the share increase after the buyback you get to pay a

favorable tax rate. by closing the gap precisely as it was put in like to quote rubio here because he said it well. tax policy changes and this may increase investment by shifting shareholder appetite for capital returns. we can have good debate whether such tax tweaks actually do leading companies to invest more deeply in cap next. i'm pretty soft on that point. i have not seen a lot of evidence to support it. it is a very irrational point of view and politically here is precisely where he is aligning himself. democrats have been going full bore against the buybacks as a way to critique the tax cuts. during the debate republican said there won't be buybacks but corporate investment and that tacitly turned out to be false. >> let me jump in. >> let me jump in with the

question here. jared makes the point that the tax cuts were supposed to fuel investment and research and development, capital investment and so forth. the evidence is buybacks have skyrocketed and capital investment has relatively not done so. isn't it the decision of the board and the ceo in the management of the company to decide how to deploy their capital and if they don't need to put more money into the equipment and r&d they won't if it's a better use of capital. >> no. i certainly do not want the government trying to direct companies to put their capital in this place or that place. it's one thing to take attacks and a barrier away and then allow market forces were capital is deployed. it's quite another to direct capital in certain places. senator rubio three years ago wanted a 0% tax rate on capital gains. now, three years later he wants

a 40% tax rate on capital gains? he needs to do a better job of explaining the shift from then until now and there is a problem there. >> excuse me. he only wants it on those that derive from stock buybacks. if that is a a important distinction. >> i'm not sure about that. let's be clear. republicans have a problem that tax cuts were not acting the way they were supposed to. we have higher interest rates which have impacted the influence of the tax cut and a deficit demand tax cut stimulus may have played a roll in the higher rates and we have a trade war creating a lot of uncertainty for business. maybe republicans should focus on those two things rather than creating a democratic idea which is very little basis in the economic theater. >> james, we are learning consumers have the strongest ways wage growth since 2005.

cap next and the u.s. and the s&p and according to gallup as written in the new york times, americans are thrilled about their finances. 69% expect to be better off this time and it's below the 71% of all time high we saw in 1998. >> maybe the tax last year had benefited for investment and low income wage workers and consumer confidence. >> you raised a lot of points and let me try to quickly deal with them. it is definitely the case and i've been documenting this that we seem real wage gains throughout the scale and at the bottom they are pronounced. part of that has to do with minimum wage increases and inflation has been low and clocking around 1.5% topline this year. and the tight labor market pushing up wages and i am with you on that point, kelly. on the investment point there's

not much there and a lot of research trying to parse out capital investment kind of on its earlier trajectory, as opposed to a higher trajectory through the tax cut. and it is up and almost universally concluded -- >> google got in trouble because of its latest earnings. they said how could you possibly invest this much in r&d. >> it's only bad when they do it. >> let's get to the point that tyler made into me and want to challenge this a little bit. it sounds like you are both saying the tax code should not be tweaked to incentivize more investment. >> no. i'm saying it already is. >> that's what it does all the time. if that's the case you need to complain about the corporate tax cut in the expensing provision and so on. >> it is one thing to remove barriers to investment and another to use a tax code direct

investment to where marco rubio or chuck schumer or bernie sanders thinks it should go. they want to create a federal board of investment, a ministry of investment and that is one thing and they should say so. this is using government to command and control where investors can go. >> gee, i think that's kind of an overreach. i think this is a tweak to the code that would incentivize capital investment and paying out share buybacks and it seems like -- >> there is no reason to invest that. >> the companies are not that great all the time. even apple, the smartest guys purchase at a higher point. they always buy at the highs. >> there is a really big important question as to why we are not being smarter with capital investment. >> james, thank you both so much. good sports. wellspring has not started just yet spring training has an

baseball players beginning to work out in the warm sunshine in florida in arizona. big stars are left out in the cold and that story and its implications next. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances.

the biggest animal. >> animal. >> within seven days i had 10,000 e-mails. welcome back.

certainly it does not feel like it right here but spring is in the air. 20 major league baseball teams have require pitchers and catchers to report to spring chain training. some big names do not have a team to report to. >> that's right, kelly. this is the beginning of the season and the two biggest for the agents in major league baseball bryce harper and manny machado, they were expected to sign contracts for $300 million to $400 million and they still don't have those deals and all the expectations have dropped from 200 to 300 and maybe it's six years or less to one year. players are complaining about this dryness in the free-agent market and justin friedlander tweeted about it yesterday. he is one of many players complaining about cutting back. owners and general managers they simply say we are getting wiser and more efficient about spending. there's a lot of wall street in

interest so they watch their dollars more carefully. a lot of analytics. >> these 10-year deals -- >> they get older and less effective. >> 26-year-old is good and 10 years later look at that chart. these are the biggest deals in the past and generally those players are disappointed by the end of those deals and the numbers have been going down. last year you saw an average salary declined in major league baseball for the first time in a long time. >> don't you think it is the contrast with the nba and the trade deadlines. >> the players have all the power in the nba because it matters so much. in baseball if you have so many other players and picture and one player doesn't manage that much and it's better to hire a rookie and a big guy for $40 million. >> i will take any of those contracts. >> to the bond market we go and rick santelli talking action at the sammy.

>> we start out with lower yields being a bit higher today but the global poll of the other sovereign debt is keeping this rather teen. you look at the index and that's where the action as at. although you see the slower it means the winning streak of winning closes and ends at 8:00 and today is nine and i don't think it will make it. it's also an important day and an anniversary zero interest rate policy was du jour in the bank of japan created it. it probably has not done them justice. if you look at the stock markets, what does that mean? in 1989 it was almost at 40,000 in the issues that brought it down were just 10 years later that introduced zero interest rate policies and tyler back to you. thank you very much. the new videogame.

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welcome back call of duty publisher blizzard reports after the bell the stock rallies about 3% into that competition of free to play games like fortnite is a big concern, especially with ea's launch of apex legends which attracted 25 million players in a week here to dig into all of this is tim o'shea, vice president at jeffries and rush freshtake. welcome to you both. russ, i want to start with you because in the era before ninja you guys could tell us the next big game. >> sure. >> what are you hearing about apex >> it is a huge deal, no question about it. 25 million as you said players already. this game came out of nowhere. we found out about it a little bit early and effectively surprise launched on everyone and the gaming world changed a minute later. >> who are they? >> ea in this case and reece spawn that made the game, game developers.

>> activision blizzard after the bell layoff concerns there. can they gain traction looking like fortnite might not be a one off? maybe apex is next. >> it is an important earnings print for activision and find out how games like call of duty performed by the 2019 guidance that's been the big question the number one concern or the number one question we get from investors is changing a little bit. it is not about fortnite the game it is more about fortnite the business modeling and where games are increasingly free and with apex legends there's the concern and the short term that it might be harder to convince people to pony up for 60 bucks can everyone can get the high quality experiences for free. >> what is your favorite stock in this area, russ >> honestly i think right now i think ea has a good staple of franchises and pivoting and had struggles with battlefield, the big shooter franchise this past

fall and seeing apex, waking up to this. i think they're in much better position than activision needing to pivot way more. >> what's going on with activision. >> massive layoffs that's been leaked the big problem with them is that as tim said their business model feels a little bit old, stodgy they need to update the franchises for the world of fortnite and apex legends. >> what if they just buy apex? >> they haven't always worked out with acquisitions. they saw success with candy crush. a lot of these games it is a big investment and you never really know. >> how would you feel if they did that, tim? >> what we think and the number one prediction for 2019 is active vision announcing a free to play game fortnite is the blueprint for making money in 2019 and the $60

price points feel outdated they could make a blackout mode. they could make it free. they have overwatch an looks like a natural game to make free >> so what is your favorite stock in the group and my follow up question is, are these companies trading what used to be called digital dimes for the real dollars, the $60 price point games and can they make as much money >> yeah. so the big paradox of video games is biggest is free to play and that's in 2018 and 20 is the. >> free to play but not exactly. >> free to play. >> technically. >> the more you play the more you pay. these publishers price discriminate the audience and taking an airplane, all on the same plane together, going to the same destination an people up front paying ten or 100 times as somebody in the past. effective business models and we see a lot of price demand

elasticity making the game free 200 million players. look at what happened with apex legends. 25 million players in we can 1. >> favorite stock? one word. >> we actually like activision, trading seven times cheaper. 14 times earnings. you might have to hold your nose on this one but this is a good entry point i think for high >>ha y vanmpy. tnkouery much tim, russ, we appreciate it. that was more than one word. cheek please is next ng free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved.

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check please we were up 405 at the highs. 50 points off of that now. >> looking like the deal on the government shutdown and possibly trade helping stocks today. >> we'll ask scott for the next check please. >> we will thanks for watching. "closing bell" starts right now. ♪ good afternoon very warm welcome to the "closing bell. i'm wilfred frost. >> i'm sara eisen. coming up, an exclusive interview with joe tsai. whether investors should be concerned of an economic slowdown in china. calling for regulation of big tech, elevation partners roger mcnamee will join us to weigh in. rally day on wall street. take a look at the major averages, an hour of the trading day left