>>s >> it is now 5:00. the house of mouse unveiling disney plus today. the competition its new heights. delays maybe, the president may poe po postpone the decision about tariffs. carrie lam slams protesters for p

paralyzing hong kong and goldman responds >> and burger king launches the new meat-free burger overseas. >> you were hoping for a little billy idle at 5:01 in the morning. thank you for being with us this tuesday morning. a little cold out there. the dow is up 18% and it might continue to rise futures are basically flat they came up about 35 or so. basically up by 10 right now we've had nine record high closes if we get a little momentum here, could be the 10th. as stocks go up, yields go up as

well people selling the bonds the benchmark creeping closer to that 2%. in asia, japan, you've heard us talk about it for weeks now. that market higher the nikkei up there. inching toward the 2018 highs as well despite the unrest in hong kong. continues to rise. in europe, there is a lot of green on your screens this morning. all the five major averages are higher today markets around the world are up. we are going to get more on all of these markets right now let's get to the biggest release. disney plus is here. elizabeth joining us from london with more. what may be the biggest enter

rant into these streaming wars >> that's right. disney officially entering the streaming race today the house of mouse looking to capitalize on the large markets. costing $6.99 a month or $12.99 bundled with hulu and espn plus. verizon users can get it free for the first year apple tv plus is two bucks cheaper but with a lot less content at least so far. netflix has steadily been increasing and its most popular plan is $12.99 a month hbo max will also launch streaming services in coming

months netflix still the clear leader netflix ceo has down played new competition from disney and other saying the real threat is linear tv. no doubt investors will be closely watching subscriber numbers as they make this big bet on streaming the shares have had a big run up 25%. >> here is the thing we've got the netflix competition. hbo max and others but disney also owns part of hulu, which is kind of a competitor but they also own it along with our parent company where does hulu fit into all of this >> is there is the monthly fees we just talked about then the whole ad model. in hulu, the majority subscribe

to the market that don't have ads, about 70% this ad model is increasingly important. that is against other competitors in the space youtube fighting over digital ads. with he know that will be a focus of nbc streaming launching next year. in addition, we'll look closely at how these companies approach adds when it comes to some live content. that espn plus bundle key thing to watch going ahead here, brian. >> it is i can tell you this many, if you've got kids of a certain age or not a certain age, it's going to be a big one. thank you. >> let's get a look now at some top stories we are following this tuesday morning tensions in hong kong are escalating again after police fired tear gas into the enter

ral business district. china saying stopping violence is an important move after the u.s. condemned the use of force. carrie lam speaking overnight saying the protesters are, quote, par liesialyzing the citd that they are self-ish this marks the 16th straight month of declines. sales dropped in part because of demand nor electric cars a slight up tick and better than double digit drops if you are trying to find some kind of silver li silv silver lining there. goldman sach is defending some claims gender bias for those that received lower credit lines than expected. they said, quote, we have not

and will never make decisions based on gender. in fact, we do not know your gender or marital status during the application process. >> the president set to speak today at the new york economic club fed chairman will testify before congress tomorrow whachlt does this all mean? joining us, the founder and head of research, james is it too much of a tuesday 5:07 a.m. morning stretch to say this is a market that appears to be firing on all sill anders right now >> it does appear some animal spirits are back.

especially around things such as trade deals. you have this yield curve that is a much more normal shape. on the flip side of course, that is propped up equities we are positive over the next 10 to 12 months the challenge now is there is almost too much optimism in the market i think the prevailing narrative is done. with that factoring recession. we'll see the gdp and the earnings it will take longer than expected we are not going to see the overnight change expected.

the consensus earnings are expected to be around 10%. we think that is probably too high >> are we being too optimistic we think these 10% earnings growth numbers that are expected and baked in now, we think those are probably a little too lofty. probably around 5% to 6% >> should we be selling stocks >> selling stocks in the mute owl out look whatever your mutual stock allocation, we'd stick to that now. >> if you are at home and you missed this rally, what do you do now >> stick to that portfolio that makes sense. if you did miss the rally this year, which was just a bounce back from the volatility we saw 12 months ago, basically stick to the allocation, we'll make it

up over the long run >> amazing what the change was remember when everything was doomed we've turned around. >> the only biggest one that changed is the fed >> maybe a little more optimism about a favorable outcome about a trade fight. >> true. if you go back to march, we were talking tariff deadlines here we are in november with the same headlines the fed has bomb very dovish >> like a three-hour long french movie you keep waiting for something to happen and it never does. >> where is the beef, apparently not with burger king and that's a good thing. it is not going to be here just yet. >> not yet what kind of movies are you watching, brian?

>> i'm so bougy. >> you are burger king is bringing the plant-based burger the vegetarian butcher that is the dutch company will supply the soy based rebel walker the rebel chicken king in sweden it sells in 17 other countries the impossible foods burger has not been for sale in the eu because it includes agageneticl modifiedingredients. burpger king's u.s. store sales

rose shares of parent company are both higher this morning >> favorable reaction there. i find it interesting milwaukee on the list. the sausage capital of the states >> maybe not anymore things are quickly changing. >> meet in tube form struggling. thank you rahel. >> a sigh of relief as president trump reportedly considering delaying a decision on tariffs plus instagram taking new steps to keep users from stalking one another. southwest becoming the latest target over questionable safety practices. we are back after this to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast.

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driving auto stories here in europe reportedly expected to delay plans to slap tariffs for another six months you'll remember the administration has until wednesday to decide whether to impose duties that were displayed in may the majority of automakers are rallying on the back of this news we have had a number of negative comments come through on servera german auto companies. the car parts maker shares are down 1.6% as they expect production to remain stable at best chip maker warned around the out look for autos we heard from the lighting company based in germany that said they expect car production

to not recover in the short term another set of shares i want to point to is renault, down 1.2% nissan, the alliance partner reported a 7% fall in the latest period and lowered the out look as they continued to struggle following the oust of chairman carlos ghosn one thing is clear we are keeping a close eye on president trump's comments later today from new york on what may come next >> this is not a soybean market but much more. on deck, steve sedgwick at the oil conference in abu dhabi. steve is ahead today's big number

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>> welcome back. the dow has had nine record

returns. dow futures are mildly higher. we'll see if that continues. could get a 10th straight record high close a lot to do. remember the president speaking at noon today at the economic club of new york stocks are up. yields are up. which means you'll probably pay a little more money to borrow money. we're back for more "worldwide exchange" after this ♪ the amount of student loan debt i have i'm embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free ♪

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>> disney plus set for its debut. maybe send netflix packing we'll talk about it. will oil prices ever rise. steve sedgwick has the word on the ground big investments made live in rocket city usa. we are fired up right now. >> good morning. thanks for being with us a little cold outside. on the east coast, i'm here by the way. stock futures are up higher. not a lot.

dow up 18 points any gained today would be the 10th record closing high assuming we close at those levels it has been a pretty good run for stocks as prices have prices have come down. yields and prices move in the opposite directions. yields and prices have come up why do you care, you may not trade bonds or even own them you may have a mortgage or be looking to get one we might start to see mortgage rates tick higher as well. something to watch guess what else we've been watching the japanese stock market. it has been ripping higher the last couple of weeks japan at another 52-week high today. police once again yesterday using live rounds and critically injurying a protester. market continuing to move higher in hong kong and shanghai as

well outside of global markets and your money, we'll get a look at the markets. hong kong, another day of turmoil after police fired tear gas in the middle of the central business district. car ray lamb criticizing protesters saying they are par liesing the city and saying they are selfish after police shot and wounded a demonstrator there. southwest considering grounding more than 3,000 planes because of gaps. citing documents saying faa in the move couldn't back the security standards they found dozens of questionable repairs done before they bought them

and pg&e offering $13.5 billion to the wild fire victims in california the wildfires were blamed on the company's equipment that struck california in 2017 and 2018. it is day two of the 2019 oil and gas conference in abu dhabi where more than 2,000 companies their latest where else will we find steve sedgwick who caughl guest. what is happening there? >> i've got a story for you. it is an you salute frustration. the story shared by the boss of exxon as well. speaking to a man who reminds me of you that is the ceo of total

he's a frustrated man saying, look, we have turned these companies around exon in the u.s. and looking at the potential concern about climate change and not looking at what these companies could be generating just on the back of your 10-year yield chart that showed a 1.9 year yield after the big rally you've been talking about, that 23% rally. the s&p is up about 23%. the yield is down too depending on how you measure when you take a look at the yield, you can start to see why they are getting a bit frustrated his company has a 5.4% deal.

shell and bp, two huge companies with a 6.3% deal chevron the highest coming out of the u.s chevron double the yield of bp the yield there about three times of what you are getting on 10-year pay. why is this sector refusing to rerate a lot of the investors in europe and coming through into the united states. they are beginning to look at this and saying we have concerns we have concerns about hydrocarbons and oil and gas and its place in the global energy if these oil companies, now oil and gas, they used to be called oil and gas are now called

energy companies if these energy companies are going to transform themselves away and move more into renewables that's going to cost a lot of money as well. you can see the frustrations back to you. you noted earlier, oil is a three letter word. the environmental and social governance is a push to socially responsible fossil fuel companies. how much frustration is there that no matter what they do from a balance sheet or income statement, their stocks are being sold by funds of hundreds of trillions because they are just dumping investments they do

not view as socially responsible. >> bingo guess what, esg is more important in the united states and europe but is it as important here in the middle east is it as important in emerging markets in china with an enormous pool of investment and customers as well? the capital that is going into traditional hiydrocarbons, more worried about getting those people who have heating and getting them on to the grid and giving them lights that turn on, those people, are they going to become the natural pool of investors? is it going to gravitate towards the south and east, those companies will find more business there that is the feeling among some

and what you'll see. less interest in hydrocarbons. you and i are seeing that already. more interest coming out of countries in emerging markets in the middle east as well. interesting for the con uundrum as well. >> steve, always a pleasure. we'll see you soon thank you. disney owe fshlfficially la the streaming service today being billed the most correspondent initiative the goal to target 60 to 90 billion subscribers in the next five years can they get there joining us from axios, sara fisher is this the defining roll out or any initiative of bob iger's long career?

>> absolutely. disney is going through a major transformation not only does it have a large movie business but also a linear legacy if it doesn't keep up with the times, people will turn away his target to hit 60 to 90 million sub describers by 2024 it is going to be an up hill battle >> it is but there were things with regard to amazon with the fire stick people thought they must hate each other, there is actually a fair overwheamount of cooperati. there was skepticism if disney

would be available on fire stick. they did get that to work and they were table to launch on samsung and lg tvs as well they'll have a lot of distribution partners. where they'll have trouble, everyone will have distribution partners at&t, and comcast will distribute netflix has a partnership with t-mobile so it is not alone it will have to compete with a lot of other streamers with disney, iry of content we already know oaudiences love and

$6.99 a month. >> shara, so much more to unpack what i find interesting is all we've heard about from cable tv is the bundle is dead. streaming is the way to go now we have disney, bundling its product so you can get all three or bundle hulu, disney plus and espn plus for a discounted rate. in some ways, the new streaming model kind of starting to look like the old tv model. >> just like it. just as bloated. that package that gets you live tv, sports and entertainment is actually a pretty good bargain the average live tv bundle hulu with live tv, these things

cost about $15 a month add on top netflix and disney plus, the average capabble pack is $100 a month. my guess is that the future of tv looks like an infinity x 1. a combination of cable and digital. the price is around the same around $100 a month. but on one remote, can you seamlessly scan through every service. >> listen, i work for comcast. they are our parent company. i will say this, i use x 1 because i use comcast at home. what you are talking about, you have a voice let's say my kid wants to watch scoobydoo movie. it will come up. if they are not available there,

it will direct me to netflix's or some other products i do wonder if this hybrid model is going to be the way it goes you might maintain a basic cable package but have a couple of these streaming services tacked on i think that is right. a lot of sports and live news keeps people in the cable packages the other thing i would be remiss not to mention is this. disney at the end of the day is a theme parks business,

merchandise business, a cruise business at the end of the day, that's when they want to sell you they all have different outcomes at&t with wireless comcast with broad bant. disney with theme parks. netflix is probably the only pure play entertainment company left in this streaming war >> fascinating i love it. new tv kind of like the old tv sara fisher from axios thank you. still ahead, a more serious story. can google steel your private medical data an emotional moment from jeopardy host alex trebek as he gets unexpected support in his cancer battle. & dairy free.

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it nice?ce. this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go seats, man, y'all getting a hook up and y'all don't even work here. pacificaaaaa! non-gmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time.

>> welcome back. time for this morning's top trending stories rahel is here with those good to see you. >> nice to see you again so google is reportedly being accused of collecting millions of patient records the wall street journal says the move is known as project nightingale. they say they used the data and did assure patients the information will not be combined with any other consumer data >> it seems every week or two, one of these big players, it is a privacy story. they took data, then they apologize and make changes and

move on. there is a great book called "everybody lies. how people lie to polls, everybody tells google the truth because they are trying to figure out why does my stomach hurt >> they say don't lie to your lawyer, doctor or hair dresser if you got highlights, you better be honest >> this is a nice story. >> alex trebek got a bit choked up after a contestant delivered a heartfelt message. >> what is we love you alex. that is very kind of you >> the contestant wagered all by

$5 when he announced another round of chemotherapy. despite this, easy says his optimism has not dimmed. it is nice, the guy is a legend. everybody wishes him well. thank you rahel. >> let's talk sports and monday night football then there were noon the undefeated 49ers taking on the seahawks seattle fought back. took the lead themselves the niners reversed it and took back the lead. sending it back to overtime. guess what, the seahawk kicker he's a hero. he hit a 42-yard field goal to win a game they go down to 27 to 24 to the seahawks

on deck. vesti investing in the final front year live in rocket city, usa huntsville, alabama. two flights and a drive. >> huntsville is rocket city two of the engines that helped power the mightyw breed of rocket engines making huntsville home we'll have that story after the break.

>> i'm not your charity case. >> i am not your excuse to buy a new dress for the annual fundraiser. >> i am not the poster child for your big donation. >> i am out of debts and in my own home. >> i am off opioids. >> i'm graduating on time and on my way to a great job. >> i am. >> we are. >> what it means to live united.

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>> welcome back. investors are going to be keeping a close eye and ear on the president today. skpengtations are that he will use his speech to discuss the ongoing china trade talks and potentially discuss a delay of tariffs on autos goldman sach denies the claim that they make credit decisions on the card based on gender. they did say they will re-evaluate on case by case by sas. huawei riding out the black listing by the united states giving staff working to negotiate the stand off $286 million in bonuses the company will also double pay this month for nearly all of its

190,000 workers. huntsville, alabama was once a pivotal location in america's key race in space. now thanks to a boom in money from the defense department and the private sector, the city is seeing some resurge yens more from huntsville, alabama. i thought the rocket was taking off because of your hair blowing. someone said, it is hailing there. >> welcome to the south. hail, high winds 29 degrees we are here at the marshal space flight center. the u.s. army post red stone and roughly 400 aerospace and defense companies in the area, huntsville is rocket city for a

reason the commercial space is growing. the jeff bezos building going up here and more. >> it has this great group of talent there you can tap into. it has been decades of building. we wanted to go to where the talent is. privately held sierra nevada hopes to start landing at the huntsville international airport in 2023. hypersonics missiles that travel at mach 5 or faster are being developed here

rock rocket dyne and lockheed martin has won billions has recently broken ground on a facility just outside of the city. >> they are trying to become the innovation hub of the south with artificial intelligence and other technology space is faster and all of those brought together with ai >> deep roots in stem have attracted other deep space to the area hudson in the research park includes company like serina

they a they are pticks. it all comes down to space, even the president of hudson tells us, quote, he has real rocket scientists working with the labs >> what is amazing to me about the story. hun huntsville has so many phds and they can put people in outer space but apparently, there is no department store where you and your producer can go buy gloves >> there is a hobby lobby trip in my future if things go according to plan. but yes, the fact that you have this rich base of aerospace and defense companies has attracted other industry to the area something we'll talk about in

greater detail the economic growth here, the numbers back what is happening and is quite the case study for other areas around the country >> i would love to keep talking to you we'll let us get back. thank you morgan let's talk about the markets and where we might be putting our money. it is early. joining us now is silvia, save the show good morning why does biotech and biotech etfs look attractive to you? >> they are an attractive sector the reason why, we have 70 million aging baby boomers we've had a lot of m&a activity paying off we have dividends, stock in merck and pfizer

med tronic keeping up this year. they are the devices and strong pipelines. it is cheap as a sector. >> define cheap. >> 15.1 versus 12 month profit forecast it is a late cycle performer you have these companying coming out like the hiv vaccinations, you have room for growth there if these things pan out into the marketplace. >> we talked about reata pharmaceuticals. down a little today. positive trials. but if it is up 250%, everybody islooking for everything they can get. the risk to this group, if you don't get exactly what people want, you are so headline driven >> you are so headline driven,

it is so politically laced you've had the opioid crisis these aren't really susceptible to that. when you look at etfs instead of picking a single name, you have this broad based exposure and a bunch of companies and if you get hit there outside of trying to spot check, i think it is better to pick a sector as a whole. >> listen, you are betting these are big bets we've got one ticker three times leverage this is somebody who will make an aggressive and short term risky bet on biotech >> traders can tolerate risk and direction on the index trend is your friend here.

strong conviction on the direction. short term, can you really benefit on that if it goes your way. >> you said direction like eight times. nice work. >> thank you thank you appreciate that. that is it for us today. we'll see you back home. "squawk box" begins right now. good morning, violence again erupting in hong kong. carrie lam saying the protesters are paralyzing the city and are selfish. boeing set to be taking off again. >> disney plus has launched. it is tuesday, november 12, "squawk box" begins right now.

>> good morning. welcome to "squawk box" on cnbc we are live from the marketsite in time square andrew is out today but sitting in for him today is tom farley, you know him as the former nysc president and cnbc contributor the dow hit a new high again yesterday. this morning, you are looking at green across the board dow up by about 23 and s&p up by about 4 and nasdaq up by about 15 in the treadsy market, the 10-year yielding 1.938%. getting closer to that