staying put. kids are moving home we're not seeing the migration out of those larger homes into retirement communities that we have seen in past generations. >> thank you very much appreciate it. beautiful shot you go there. greg, thank you very much as well that does it for "the exchange." i'm going to join melissa on "power lunch." a top executive at air b and n is out ahead oiff its expected ipo. former uber ceo is dumping billions of dollars worth of stock. are unicorns losing their magic touch? it's a bitcoin blood bath. what's wrong with the crypto currency alternative milk like almond, soy, oat are moving up in consumer diets kraecreatinei

chaos. power lunch starts right now the dow is hanging onto gains. the s&p 500 is in the green. if it finishes lower on track to snap a 7-week winning streak check out the big winner target the best performing s&p stock this week. shares jumping double digits after its earning report earlier. the stock sitting near record highs. with those weekly winning streaks in jeopardy, are stocks setting up for the winter blues. bob is at the new york stock exchange >> it's way too early to get bearish.

look at that big move up for the month of november, all the right stocks have been moving that's sickically cal sectors. banks are up the industrial sectors are up. energy is up health care is doing great that's a little more defensive where is the markets now it's important to remember why we're at highs there's three reasons why we're hitting highs. the fed is neutral and has been expanding its balance sheet. they are tariffs, there is no expansion of the tariff war yet. the market believes there will not be if there are, that will be a problem. now the market believes there will be some way to avoid that the global economy, there may be signs it's stabilizing that may be the most important thing. did you see what happened overin some of the manufacturing numbers? over in japan, manufacturing

data, the market manufacturing data, a little better than expected europe, a little better than expected second month in row. we had germany and france, same numbers, a little better than expected as well that kind of bottoming will help the earnings out maybe we'll get an expansion 2019 earnings flat 2020, maybe up 5, 6, 7, 8% back to you. >> thank you very much should investors be prepping for another december downer? remember last year it was a rough one let's bring in ceo and cio of rnc. that's a lot of letters. >> that's a lot. >> dan, the market looks like it's peaked in recent days and now moving sideways. what do you expect

>> it's running out of gas every one has over hang in regards to what's happening on the trade deal there's a lot of noise out there. earnings are beginning to turn down we'll slow to probably a 5 to 6% rate multiples are at 17.5 or a solid two pe clicks above normal it's hard to push it from here with the slowing economy >> kevin do you agree, and if you do or don't, where would you be putting money >> i agree to the extent that valuations are a little full and we've had a good run of it we're looking at some improving in momentum. if we set up the bullish case is

this lull we had in growth for the last year or so maybe gets some reprieve into next year we could see earnings growth come back into the picture. the catalyst would be a reigniting of growth maybe the interest rate staying where they are would be just the sweet spot the market needs to get a more bullish outcome as we move into 2020 >> interest rate is staying where they are it's got to be a real help to supporting some of these multipl multiples. there's tremendous volatility granted in the bond market this is really supportive plus you have seasonal tail winds, i would think. >> absolutely. that's the real catalyst that's what you have at the support level. interest rates are low it looks at the rate of return

it's much more attractive in the bond market. you have a tail wind that people haven't looked at. you have huge embedded capital gains. you'll see a santa claus slide, if you will. the reality is many people will not do any selling certainly not until after the first of the year because you have massive embedded capital gans a gains and they're not going to take that. it gives you some additional support. >> one of the sectors you say for value is worth a look is emergen energy there's lots of specific parts of energy. where in that broad universe >> i think it would be a natural place to go. maybe some of the drillers but what we're looking at are in this point in the cycle there's three things focus on. first would be the quality of any company. for that we would go to the consumer sector. when we look at balance sheets at this stage we want to look

for very strong balance sheets technology makes sense but the valuations are a little stretched. you might spend some time looking around there clearly the valuations with looking good even if you normalize earnings those three characteristics would be all things you want in a portfolio. >> all right thank you both >> thank you president trump is holding a meeting at the white house at this hour addressing the teen vaping epidemic. eamon is live with the latest. >> reporter: we thought this was going to be behind closed doors but the white house is changing the game they brought reporters into the meeting. we'll be able to see a piece of it we're told that mitt romney is there attending this vaping session. they are billing it as a listening session from the

president to hear from stake holders on all sides of the issue. you have some american cancer association folks. you have tobacco executives in there all making their case around the table on this issue the president said back in september that he wanted to push for a ban on some of those flavored e cigarettes. he hasn't done that yet. there's some question about the politics of all of this. are there single issue vaping voters out there where this could be a difficult political issue for him. maybe a little more difficult. the president said the first lady was the one who pushed him to pursue that ban in the first place because of their son, baron. perhaps they are hearing from baa r baron and his friends about the epidem epidemic we had a chance to catch up with the president of the american vaping association just before he went in he told us something very interesting. he is framing this in a political lens mayor michael bloomberg had been

active on the anti-e cigarette effort he said that might be one of the things he mentions with the president. >> our message is that prohibition does not work. when michael plobloomberg is funding $160 million to try to ban flavored vaping products, there's another story to this. michael bloomberg is wrong president trump should not be following what michael bloomberg's so-called public health examples are. >> reporter: why might it be useful strategy to bring up michael bloomberg? well, he might be a candidate against president trump next year >> thank you very much coming up, the hottest stock in the market right now. karuna therapeutics up this week the company's ceo will join us

shortly and can the drug deliver on the promise or have the markets gotten a bit too hyped adam neumann shouldn't start spending that billion yet. bad publicity. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th.

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a top air b and b executive is out we have the latest on the story. >> it's a major loss for the company at a critical time belinda johnson told employees this morning she is stepping down to prioritize more time with her family. johnson will join the board of directors but her departure comes at a time when scrutiny of air b and b are ramping up a number of city governments including new york and new jersey where residents voted to impose greater regulation on short term rentals his number two in first executive he ever hired back in 2011 be air b and b's approach to policy makers he said she told me we should meet the people that don't like

us that has helped lead to the image as a friendlier disrupter than say an uber johnson will stay on until march 1st. the company won't be replacing the coo. they will look for a v.p. of operations back to you guys >> thank you very much the other troubled unicorn, wework has been holding an all hands on deck meeting today. what can you tell us about it? >> that's right. executive chairman which comes from softbank updating the staff after they let go of 2400 people in the work force. the most interesting thing is wework is aiming to be positive by 2021 echoing what we heard from a lot of other unicorns and they intend on being cash flow positive by 2023 this is the company that lost

$1.2 billion last quarter. >> thank you very much >> as wework top brass meet on their future, softbank aimed to slashed n eed neumann's golden package. great to have you with us. isn't that in the books? they can do that at this point >> it's unclear. legally, i think it would be almost impossible. part of this exit package was designed so adam neumann would give up his voting rights to softbank he's done that, i believe. if he's given up his voting rights, that's done at this point. look, it's terrible pr it was arguably a bad deal

if they are trying to argue to perspective investors, we know what we're doing, what does it say when they are changing their own mind three weeks later, a month after they signed the deal >> they already had trouble going into the fund raising round and this just piles on top of it. i would think they would have a difficult time getting more money. >> they are trying to raise debt to fund this there are questions why they didn't get the process rolling softbank folks kept saying jpmorgan offer which was the rival offer. they kept suggesting they don't really have the money. it appears softbank didn't have the money either they just went ahead with the bid. i have a hard time they are going to slash this tender it's not something i see they will do. look like a trial balloon went out to the press and has gotten

stomped on pretty hard >> how dented is softbank? >> it's dented the thing that's important to remember is it's not the first time it's been dented, severely dented they were destroyed and left for dead they got an libaba and became very risky they did more and more deals he's not the kind of person that will shrink back >> in the tech bubble there's so many casualties. so many companies were dented as well here they are in their own company when it comes to making poor judgments and throwing good money after bad. >> it seems like it. we invested in u.s. hyper growth companies. they are saying to a lot of their ceos just like lyft and

uber, profitability by 2021 that's a magical year for all these tech companies don't worry about 2020 but 2021 it will be okay. >> lots will happen. great to speak with you. thank you. one unicorn that is not struggling by some measures is uber the stock is up more than 10% this week and some quarters of wall street bullish on it. the dairy industry crying foul over milk should drinks made from soy or almond or oats be called milk. we'll discuss it

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welcome back it's time for trading nation could this be uber's turning point. shares on the ride hailing company -- adding up to a nearly 11% gain for the week for the stock. what is ahead for this troubled name still down about 34% from its ipo price. not a ton of history here. just a little over six month ofmonths o trading. anything suggest this is a durable turn for the better. >> i can appreciate this momentum again, if we take a step back and look at the six month chart, we find we are still in a defined down trend we have a series of lower highs

in place as well as lower lows i think it might be too premature to say the worst is behind us. i think we do manage to push up and break above the october highs and that 34, $35 area. i think i would be more confident at that point in time that the worst is behind us and the base suggest we can move higher at that point >> steve, this turn, at least, tentatively in the stock off the lows has come as the company has tried to focus on the possibility of turning cash flow positive and trying to run little bit of a tighter ship financially. any of that sway you how do you size up the company in. >> i think swayability is the issue. what we're looking for is companies that are asset like, can scale the business and are

general rati general rating incremental margins. is there no other way you would seek to play this area of consumer ride hailing? >> we have not been exposed to this area. we are looking where we can see a clear pathway to cash flow growth that will be where the value is. >> that seems like where the market is also coming down that bit of discipline. we'll see how it goes. thanks very much for joining me today. head to our website or follow us on twitter at trading nation back over to you thank you. ahead, clean up in the dairy aisle. milk sales are spoiling. the industry is having a cow saying plant based options should not be called milk.

they want to make yogurt out of that oat milk. we did that because oats don't lactate. are plants putting the milkman out to pasture we'll ask him. it was sophie's big day.

by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. he borrowed billions donald trump failed as a businessman. and left a trail of bankruptcy and broken promises. he hasn't changed. i started a tiny investment business, and over 27 years, grew it successfully to 36 billion dollars. i'm tom steyer and i approve this message. i'm running for president because unlike other candidates,

i can go head to head with donald trump on the economy, and expose him fo what he is: a fraud and a failure.

welcome back here is your cnbc news update. president trump participating in the ncaacollegiate he joined more than 15 teams for a luncheon at the white house.

the cdc urges every one six months and oler der to get the u shot prince william handed out several awards, one of which bears his name >> i see first hand the huge work that people do day in and day out to protect africa's wildlife africa still on the front line of conservation and nothing brings that home more starkly than the sobering animal we have seen >> back to you thank you very much. stocks are nearing the highs of the session. the dow up triple digits 103 points the s&p and nasdaq slightly higher all three indexes still on track to snap multiweek winning

streaks. the oil market closing for the day. leslie picker is following it for us >> oil market in the red this friday you got wti down at 1.2% 57.87 a barrel ice brent down about .75%. once again, traders attributing it to about getting a resolution to that trade war and any disruption to the trade picture can pressure oil prices because it crimps demand reports showed opec and russia likely to extend production cuts >> thank you very much the fake food frenzy rages on as plant base disruption sours the dairy industry there will be more puns in here. in the last few weeks america's larger company filed for

bankruptcy blaming decreasing demand are consumers moving on from milk over the past 20 years consumption has fallen 26% and last year the dairy farmers reported a $1.1 billion drop sales of oat milk have skyrocketed 636% in the past year and plant based milk now makes up nearly 10% of the industry the traditional dairy industry is having a cow saying they shouldn't be classified ay eied and the numbers don't tell thei our comments there in my household, i have a 13-year-old. i'll bet you we go through two gallons of milk a week where is dairy product sales

falling? is it liquids wcow's milk or is it butter and cheese and ice cream and that stuff >> great puns there. we could go on all day telling lots of good dairy puns. the decline that you're seeing is only in the fluid milk. that's for lots of reason. there's a lot of competition when you look at overall dairy demand, it's a story we're at a 57-year high in dairy consumption in the united states the highest level since 1962 what you see is movement within a category in these various products fluid milk has been on a slow trajectory there's lots of factors involved the plant based food, the imitation milk products have a small part of that the biggest reason for the decline in food milk consumption

is water companies figuring out there's money in marketing water, bottled water to consumers next is coffee and then tea and juice. in fifth place of all of those products is the impact of imitation mill ms on the market. >> i also hear that people are eating less cereal in breakfast and people put dairy milk on those products let me ask you about the question we talked about and that is whether these plant based liquids ought to be able to call themselves milk. they have a milk consistency but what do you think about that >> the issue there and this has been a major concern of the

dairy industry, the major concern is they are marketing themselves as milk or a replacement but they don't match the nutrition of milk. there's a real consumer confusion in the marketplace not that they are buying something labeled add soy milk and thinking that is -- has cow's milk the own research done by the plant based food people found that 25% of americans were consumed on that topic that would mean that $80 million don't know that the product they are buying, they think it may have milk but that's not the issue for us the issue that we're concerned about is the nutrition and i kw - equivalency. every glass of milk has the same amount of nutrition. milk is the leading provider of nine different nutrients the only variation is the fat

con tent whether it's skim, 1%, 2% or whole. you look at the alternative beverages that are being positioned add imitators, none of them match the nutrition profile that milk has and they are all over the map it's the wild west people think they have high level of nutrition to milk and they don't that really is the issue with the false labeling >> this seems up to the consumer it's up to them to read and compare the label. do you look at more broadly at plant based substitutes and do that's what happened to us when you look at the beyond meat challenging. >> we'll see as technology improves, we're going to see more and more of these products come into the marketplace. that's why it's so important to label them clearly that's been our concern in dairy

whether that is with these plant based products we're talking about. some day there are companies trying to make dairy ingredients. the components of milk in the lab and market those they can't make a glass of milk because we know the fat, the protein, the lactose and the other products of milk but there's lots of micro trunnutri and components of milk you can make dairy protein in the lab, for example that's what companies are trying to do. that should be labeled very clearly. it's a synthetic product it's not coming from the cow that is the marketplace's choice to make. consumers are free to do that. the concern is consumers should know what they are buying and that's the bottom line on this in our view. >> our milk glass is half empty which means we're running out of time i don't want to let you go without asking about trade which is very important to american dairy farmers. it was at the heart of the negotiations with canada and

mexico over the usmca. it's embedded in our deals with china. what's the trade posture >> we need more markets. the reality is that today we produce about 15% more milk than we consume in the united states. that's 30 billion pounds of milk we need more access to overseas markets to sell that product the problem is we have lots of barriers we see it in china and canada. >> milk is my favorite drink >> mine too. >> at least during the day in the evening i switch to something else >> i do too. i'll admit to that >> thank you time now for a special crypto edition of power movers what is wrong with bitcoin

let's bring in the og crypto >> tis that what that is i was going to say og. i'm not woke >> bryan, good to see you. >> call me the original gangster >> there's a lot of optimism endorsing block chain. what's happened since then >> what happened with bitcoin is the end of october, chairman xi came out and said china needs to embrace block chain. that's going to be a digital arms race. specklators started to read the tea leaves and thought china will start crypto currency what they have done has said block chain is not crypto currency and what happened is the people's bank of china came out with a note, reminding

people that crypto currency trading in china is still illegal. that got the speculators selling and here we are down 16% for the week >> that's snowball eed into the minors kcopitulating >> right some of high coast miners become break even or start losing money. >> what are the regulatory head winds? >> the regulatory head winds in terms of in china say one it's still illegal to trade bit coin. here in the u.s. some of it has gotten cleared up a bit. the new chairman has said that both bit coin are commodities. we're getting a bit of clarity there. it's hard for institutions to come in. they are coming in but coming in slowly it's hard to wrap their head

around what is the regulatory structure of this? where does it fit in within the u.s. regulations i think we're leaning more towards it's a commodity >> we'll see you tonight >> all right >> the og kripcrypto baller. money moving out of trains and planes and aero space. >> one of the stand out sectors within the industrial space has consistently delivered big returns. that's aero space and defense up over 30% so far this year out performing airlines in transports so far in 2019. part of the reason is the rise in geo politics. the sector is seen as defensive in nature. many of the names offering a dividend and you can see the gains are wide spread. lockheed martin, raytheon all up

45% or more this year. the out performance in the defensive -- defense sector has pushed investors to look for under the radar names. guys, back to you. thank you very much. michael bloomberg getting serious about a presidential campaign he's about to spend millions on ads targeting key states including many states that they don't know who he is tesla unveiling its highly anticipated cyber truck. it literally cracked under pressure wall street not impressed. he l e eang details. obvious.

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or tdameritrade.com/learn. ♪ nice rock. it's time to drop gold. go digital. go grayscale. he may be getting a late start but michael bloomberg is sprin sprinting into the race in 2020. he is spending 12 million on tv ads across dozens of states. i just heard you say it's not 12 million anymore.

>> not 12 million. now we're up to 19 million and counting that's according to data analytical firm. it's tracking this as the numbers come in for mike bloomberg's investment in tv ads. these are ads across the country in a lot of key states texas, california, michigan, wisconsin, pennsylvania. this comes as he is contemplating and leaning toward running for president. to keep making this really clear how much this is this is more in terms of an investment in some of the candidate s have in cash on hand going into fourth quarter. it's a massive symbol, a symbolic moment showing how much resources he'll have going into this election when and if he gets into the race it's a big moment as he looks to get in the 2020 primary. >> i know these numbers are changing as we speak when you take a look what the is being spent in the market, what can you glean from this?

>> he's trying to make end roads in the super tuesday states. they want focus on those big primary states and capture a lot of the delegates texas is one of them california >> california is a super tuesday state. it's always been a late state. >> california is another one he will probably hit a million in that state in terms of tv ads. this was the plan all along. it's flooding the air waves with ads. showing the people who may not know mike bloomberg who he is. >> a lot of people don't know him. it's surprising for us that live here, he's a fixture >> he can do interviews but why. he's got the money to put in he's worth $55 billion he has the money to put in and flood the air waves to show the american people who he is. >> he found 19 million in his couch. >> exactly this is just the beginning it's an amazing thing. when we ran the story earlier it was 5 million. within two hours it's up to 19

million of tv ads. >> all right >> we should expect him to run soon >> thanks very much. we'll talk about this soon for more coverage you can find it all at cnbc.com check out this stock karuna they arapeutic as quinn upper led. frozen is on fire. can the sequel let it go stig io rahtntthe record books power lunch will be right back

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discover the option that's best for you. call today and find out more. i'm proud to be a part of aag, i trust em, i think you can too. and here's a taste of some of the other stories we're following today. for the first time in forever, a fall release for an animated film could skate past the $100 million mark in its opening. "frozen ii" hits theaters this weekend. already it holds the record for animated mated movie's advance ticket sales the box office booster is needed as domestic revenue sits 6% lower than last year's disney has been on fire, though, as the stock has soared 9% since the release of its streaming service. it's not disney's problem that the box office is lower. disney has been having a great year >> it's the box office's problem. well, the high demand of air

pods is music to tim cook's ears apple is expected to double its shipment of air pods to $60 million. this according to reports that the release of the air pods pros, in an updated model. the release of the air pod pro at the end of october sent shares higher. >> tesla tried shattering expectations for the new cyber truck. instead, it shattered windows. the futuristic truck includes armored glass in the windows the lead designer of the truck threw a metal ball at the window to show the durability, twice he did it, and both times the glass broke. the truck will cost almost $40,000 when it hits the market. it will cost several hundred to repair those windows shares of tesla hit the skids today after last night's debacle. bernstein's toni sacconaghi who was on the program yesterday said in a note, the truck looks weird. like, really weird i agree. i think it's back to the drawing board for this truck >> really? >> i do. >> i think that it really differentiates itself from the

f-150. >> you can say that again! >> it's not a competitor to the pickup truck it's a completely different class of vehicle >> i don't know where you put things in that truck >> to be fair, the ball didn't go through the window. >> it just bounced off and broke the window >> but they should sell the balls. obviously, the balls really work well at breaking bulletproof glass. >> all righty. coming up, one of the hottest stocks in the market this week, karuna therapeutics up 400%. look at that the ceo will join us right after y.owndeak to tell us h a wh at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler

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even when your phone isn't. of millions of americans during the recession. so, my wife kat and i took action. we started a non-profit community bank with a simple theory - give people a fair deal and real economic power. invest in the community, in businesses owned by women and people of color, in affordable housing. the difference between words and actions matters. that's a lesson politicians in washington could

use right now. i'm tom steyer, and i approve this message. welcome back to "power lunch. now to a booming biotech stock that has had a week to remember. croupna therapeutics is up nearly 400% this year alone. the company had strong results from a clinical study of its experimental schizophrenia drug, and here with more on that is meg terrell. meg? >> hi, you guys. schizophrenia is estimated to affect more than 1 million americans. it is less than 1% of the u.s. population, but it's heavily burdensome the disease is one of the 15 leading causes of disability worldwide. according to the national institute of mental health, and the market for schizophrenia drugs is large, according to keown research, it represents about half the total $11 billion market for antipsychotic drugs still, it needs better options many available now come with side effects that can make them hard to take karuna's data on its drug called

carxt took the market by surprise this week, offering what citi called a potential game-changing therapy. a new way to treat schizophrenia that appears to be effective and safe the drug still needs to go through the next phase of clinical trials to prove that out, which it aims to start next year >> here is dr. steve paul, the chairman, president, and ceo of karuna therapeutics. dr. paul, great to have you on >> great to be here, meg thanks for having us on. >> actually, it's melissa, but meg's here sitting next to me. i will start the interview off for now, dr. paul. >> okay. >> my first questioning, meg made clear there has to be another round of trials to actually prove this drug works effectively, et cetera but analysts are already calling this a blockbuster drug. analysts are already predicting profitability by 2023. are they on the right track? >> well, let me just say, our results that we announced this past monday, the results of a phase ii study, fairly large

phase ii study are quite encouraging. we saw really nice beneficial effects of this drug in the five-week trial beginning at week two and then significant -- significant statistical significance all through the trial. very nice effect in terms of the magnitude of the antipsychotic effect and again, without the troubling side effects of the current standards of care, no weight gain, no sedation, no motor movement problems, we call them extra paramatal side effects that occur with the current standard of care we're pretty excited with the results. we have more work to do. we have to bring this compound through phase iii in order to get it to patients >> dr. paul, it's meg this time. i wanted to ask you about the study design, because in the phase ii, you actually checked all of these 182 patients into the hospital for those five weeks, right and took them off their currently prescribed drugs and then had them on the trial

so how would that potentially work work in a larger trial could you replicate that in phase iii or would the fda want to see real-world type settings, testing this in a larger setting? >> absolutely. the phase ii design is pretty much going to be what we do in phase iii. probably enroll a larger number of patients. traditionally, these studies initially are done as in-patients. these patients are taken off their meds they can become quite sick during the course of the trial, and that's why they're treated as in-patients, to be very careful with them. we will attempt to replicate this we're cautiously optimistic, given the robustness of the clinical data that we reported this past monday we will need some longer-term open label extension safety data undoubtedly, but we need to meet with the fda at what we call an end of phase ii meeting which will happen some time early next year, maybe second quarter next year, and really map out the path to get this new medicine to patients >> dr. paul, tyler mathisen

here i want to go back to the question of side effects, and you describe what some of them are on the existing medications, which make them hard to take and hard to stick with and you say that this particular drug, did i understand you correctly, eliminates those side effects or reduces them by "x" percent. and what if any other side effects does this medication have >> so we eliminated -- we didn't see some of the side effects i mentioned. so no sedation relative to placebo, no weight gain relative to placebo, and none of these extraparamital motor systems that occur with the current standard of care that's a big win for this molecule and i think will be very helpful to patients on the other hand, we did have some side effects, all drugs have side effects. these tended to be mild to moderate in this study and none of the patients dropped out of the study because of side

effects. so we think it's really quite manageable and relative to the standard of care, very good tolerabili tolerability >> dr. paul, a pleasure speaking with you, thank you very much. dr. steve paul, the ceo of karuna therapeutics, now the best-performing ipo of the year. meg terrell, our thanks to you as well. >> hard to beat that >> thank you for watching "power lunch" >> "closing bell" starts right now. welcome to the "closing bell." i'm morgan brennan in for sara eisen at the nordstrom's post in what has been a week of wild retail swings. shares of jwn is up 12% right now on the heels of earnings, broader markets are higher too we have 59 minutes left until we put this trading week to bed i'm carl quintanilla in for wilfred frost. we've got some positive comments from both washington and china, calling investor worries over deal negotiations the data pretty good today, as manufacturing and sentiment beat expectations the nasdaq is set to set a