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good friday morning. welcome to "squawk alley." i am carl quintanilla with jon fortt at post nine of the new york stock exchange. morgan brennan is in simi valley at the reagan national library we start with jobs numbers, sending stocks surging, near session highs, up 303 on the dow, flirting with 1% gains in the session. joining us to morning, mike santoli covering the up swing in the best of both worlds. >> the market was craving a good number, good news is good news no implications for the fed trying to restrain things. it is interesting, you look at the week, we did a v in psychology and the stock market, a week ago yesterday hit the all-time high, 3150 in the s&p 500. we ran into ism numbers that challenged the rally

u.s. growth close to 2%. weaver an overbought market, little shakeout. now it seems like numbers since then restored that premise that things are getting better or never got that bad as we thought late summer. the question now, we return to the highs. still have valuation relatively full still need trade to fall into line to some degree, to get away from the idea we have a tariff threat before maybe the seasonal effects help us out again. >> how is it possible good news is actually good news given everything we have been through, and should an investor be cautious about that? >> i think good news can absolutely be good news. first of all, on the economy undoubtedly in terms of dynamics, internals of the jobs report i think the fed has been so explicit in essentially saying we think we did our job, three rate cuts was just enough. we're hoping that's the case,

want to see the numbers prove that's the case, and we're focused on inflation as the next trigger point if we do anything. inflation broadly speaking is not forcing their hand whatsoever. >> maybe this vindicates the fed having said that. >> i wouldn't be surprised next week, we have a fed meeting, if that's the message, both in a nuanced way or not of jay powell's comments. >> speaking of next week, get through a fed meeting assuming no news, uk election, maybe brexit, aramco will happen tariff deadline is left. >> that's all we have in terms of identifiable catalyst >> ex-impeachment. >> you have the background noise still there. is somebody going to get preemptively upset about year end repo stuff, anything like that, i don't know i think yes, tariffs take center

stage as the sticking point or maybe last light to turn green, but to your point, once you get a market that's climbed the wall of worry, and inputs of that wall of worry go away, it sometimes leads to then what then what has to be we need to see the global upturn happen, and the bond market has to tell you we're clear of this. that's what it is telling you today. >> bond market has been really smart. really smart >> it is definitely the hedge hog, not the fox not as distractible as the stock market is to the last shiny thing to cross its eyes. >> thanks, mike. we turn to uber, out with a comprehensive report that says the company received over 3,000 reports of sexual assault related to rides in 2018 alone, a day after two dozen women filed a lawsuit against lyft over similar sexual assault

complaints deirdre bosa is going through the numbers. how does it compare to population at large, taxis and so forth there's not a lot of apples to compare the apples to. >> that's absolutely it. we have this raw data, hard to know what to make of it. i'm going to get to that let me give you the breakdown of the more than 80 page report there were 515 incidents of rap or attempted rape. nine people murdered 58 killed in crashes over the two years it tracked nearly 6,000 reports of sexual abuse. putting the numbers into context is hard. they represent a fraction of the 2.3 billion rides uber completed during the two years, but we do not have much to compare them to taxi companies, other big economy platforms don't make the numbers available. it is remarkable that uber has, and this could serve as a bench mark going forward we could finally get those numbers. key question, why is uber doing

this ride hailing disrupting the way we traveled, letting anyone with a car become a driver, playing fast and loose with regulations. as a result of safety incidents and lawsuits have also climbed but as the companies matured, uber and lyft became part of the establishment, publicly traded companies, trust is critical for their survival the report is a major step in a series of actions that the ceo is taking to increase safety and essentially win back the public. lyft says they're committed to releasing one. carl mentioned, pressure is mounting on that company dozens of women joined lawsuits against the company saying it hasn't done enough to prevent assaults by drivers. that brings us to what comes next, after we have all of the data uber and lyft have to answer important questions about screening and accountability the report earned response from congress, urging uber to address

the incidents. back to you. >> thank you very much let's bring in far head man june we can talk about data from uber and their marketing campaign behind it. full page ads in the journal talking about not just the numbers but efforts that they're doing to remedy it how impressive is it >> i think it is impressive when you look at the entire gig economy and all tech companies across the board which had issues controlling their platforms, right the problem has not necessarily been the technology of the companies, it is the people, bad actors that have come onto their platforms and started to abuse it so i think this is a huge step in the right direction for all of the tech companies. uber is being transparent about it >> i'm impressed and i will give uber a hard time when i believe they deserve it, but this is an 84 page report, if you count the appendix and cover page.

goes into a lot of depth on this i would argue gives a lot of context. sure, they don't have other people's data but have the overall data on sexual assaults and homicides, and they put into context degree to which they made progress, the small number of incidents though is still concerning that occur on rides, and what their policies are, what they have been doing to try to address this. it does set the bar for a lot of other companies i would argue. >> i think you're right. in you think about it, what uber does, when they started, it was a crazy idea strangers giving other people a ride they struggled a long time to convince lawmakers, the public and others that this is a fundamentally safe idea. i think this report does it. only thing i fault them for is doing it many years too late

the numbers seem bad, but compared to the scale of the platform, it is a very tiny number, and they're committed to improving it i think doing this also sets them apart from the competition. i am eager to see the lyft numbers in ride hailing platforms around the world i'm not sure if those companies will be better, they may be worse. it would be a sign uber is a more mature platform, doing something positive and effective to maintain safety on the platform >> it is an interesting platform, will it make users feel safer the data on its face is disturbing, the fact they admit it is not. >> users feel safer when it comes from the company versus the press and they were trying

to cover it up many years. that's where i think exactly what jon was saying before, it should set precedent for other companies. i would like this kind of report from amazon, how many unsafe products they know they sold amazon would know better than many other investigations happening about it airbnb, tons of companies could use this as an example and say we're going to go for it, don't know quite what we do next after this, but we'll be honest and say we know this is a problem and we're looking at it. >> see if lyft follows up, if in fact they do. turning to musk. closing arguments, a verdict expected later in the defamation case jane wells has an update with the latest good morning, jane >> reporter: hi, carl. closing arguments start the top of the hour. the jury could get the case by lunch, then we wait. most of yesterday was taken with testimony from an expert that thinks the submarine he created

to rescue the thai soccer club was -- musk tried to say it hasn't harmed him, he was honored at 10 downing, wouldn't do that if they thought he was a pedophile. they talked about how prince william asked about musk and that testimony was abruptly cut off. will elon musk show up for closing arguments and jury decision he's only come for his own testimony. this is important. only his pedo guy tweet and surrounding tweets are the basis for the claim. lin wood, his attorney, one warned by the judge. there are emails sent to buzzfeed calling him a child

rapist, those were allowed in only for his state of mind, not the basis for the defamation claim. judge stephen wilson has been cranky with attorneys on both sides a lot, runs a tight ship he's very old school he wants to get it to the jury it is an eight person jury allowed in civil trials. three men, five women. the verdict here has to be unanimous. civil cases in federal court have to be unanimous unless both sides agree to something else. >> all right jane wells, thank you. joanna, this is the first time i can recall, appears we lost joanna carl, i don't recall another time when we have seen a high profile person on trial for a tweet. and it makes me think is there already a lesson from this, whether elon musk is guilty of defamation or not, not sure it matters in the grand scheme of

things is there a take away >> not sure. i think the relevance of it passes with every day. jane, i'll ask your take, being closer to the story. it involves an event long ago, some argue his behavior mod fig fied, has little to do with operating tesla. it is curious why it is getting so much attention. >> reporter: he is the richest man in los angeles and these two guys, this could have been settled a long time ago. for whatever reason, they decided they're taking this the whole way. he has his famous uk attorney in the courtroom in los angeles all week because he is trying this in the uk where libel laws are easier for plaintiffs. don't know who's footing the bill for all of that, but it was interesting when he was on the stand yesterday, doubling down that he would not apologize for what he said, even though elon

musk apologized once again on the stand for what he said, though again, elon musk never testified, vernon unsworth is not a pedophile, he always said i don't know it is interesting. as his attorney and the judge didn't always seem to understand how twitter worked like posts, reposts, replies it was a bit of an education for older folks in the room. >> jane, it is very safe to say this is not your first high profile celebrity trial you covered in l.a., going back to o.j. simpson, of course. that was a circus. how do you feel like the public, the press handled this by comparison to some other things that you've covered, getting a sense of the temperature and elon musk's star power >> reporter: there is at the most out here seven cameras,

during oj, you had 550 million cameras. it is strictly the business media and tabloids, australians here, that sort of thing, and it is federal court you can't get your tamecamera inside i love covering these cases. no matter how powerful you are, no matter how rich you are, you walk inside an american courtroom in front of a jury, and that jury of your peers, anything can happen. they hold all of the power i will say if elon musk is going to have a jury of his peers, 8 people on the jury, most have college education, professional people, close as you'll get. one guy owns two teslas and is a lawyer in immigration law and is on the jury. >> jane, thanks for helping us out. >> reporter: he was the last guy. there were no more challenges. they had to accept him >> jane, thank you jane wells in l.a.

>> reporter: you got it. back out to silly valle-- s valley what do you have coming up >> oh, so much coming up this is the reagan national defense forum. premier american defense conference of the year, invite only about 800 guests are going to descend upon this, the ronald reagan presidential library, the next two days. it is a who's who, lawmakers, officials, top military brass, ceos of the biggest defense contractors. this year in particular quite a number of tech executives and vc investors which begs the question, why is tech taking on a larger presence at a defense forum like this? because it is really the future of warfare, autonomous robots and drones, systems, high resolution imaging, and cloud or clouds to basically bring it all

together we talk about something like military modernization, it is new technologies, new innovations that are very much part of the discussion, and where the future defense dollars are expected to go you also can't have this conversation, not talk about china. obviously china is in focus given trade talks. longer term, the u.s. labeled china near peer competitor, part of the national defense strategy implemented to counter their capabilities i want to show you a chart that lays out how china fits into the longer term national security discussion this is svia reagan institute 1967, share of global r&d spending, united states had 61%, a big chunk was dod related. flash forward 50 years the ussr was a contributor on a global basis, cold war

flash forward to 2017, the u.s. only comprises 29% of global r&d spending, just a sliver of that is dod related meantime, china has emerged, in the last 25 years or so, last two decades, china has risen to r&d levels beyond those reached by the ussr during the cold war. does that mean we're going into another cold war, no it means this is part of that longer term national defense strategy, the national security debate, you talk about things like tech transfer, ip theft, state subsidies, longer term discussions that are now part of the trade discussions. you can look at this, look at how it is shaping the defense conversation this will be a big topic at the forum the next couple days, i am moderating a panel on the intersection or lack of intersection between silicon valley and washington, d.c., called harnessing and skurlg

american innovation we have been talking about it on "squawk alley" all year long it will be an all-star panel, also includes peter teal, partner of partners fund, early facebook investor, paypal founder. meantime, later this hour, trey stevens, partner at founder's fund and co-founder of and drel industries will have a conversation as well >> that will be great. looking forward to that. coming up, 12% up side from here for apple jim suva from citi has a $300 price target on the stock. he will join us on that report zzg is that the street is buinabout next stay with us path.

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citi taking a price target on apple up to 300, saying the holiday season will be different for apple. it is not just hitting an inter day all-time high today, the previous target was 250. they maintained the buy. with us now to explain, the analyst behind the call, jim suva from citi good morning >> great to see you today, carl. how are you? >> it is jon carl is here too still good to see you. one of the things about the report that i thought was interesting, your call wasn't based on iphone 11 which so many

people got excited about after launch it is doing pretty well. it is based on wearables, the watch and air pods you are saying you expect the holiday quarter to be better than 10 billion. how much does that matter when the iphone for so long has been what steered the stock >> so jon, you're absolutely correct. we expect this christmas holiday season to be very different than last christmas remember, last christmas apple came out, preannounced negative right after the new year, january 2nd. negative, and first time they missed since iphone was launched 12 years ago what's different this year is you're correct most people have been previously focused on the iphone only what we found this year was the wearable segment doing well, going to surprise people, specifically the apple air pods, items that fit into your ears, you walk around cordless, those

are selling well as well as the apple watch. this adds to apple diversity to answer the question what about iphone, well, we are setting up for 2020 of a 5g iphone launch which will take the interest from wearables back to iphones later in 2020. >> jim, can we put to bet that thought that apple can't innovate, didn't come out with the amazon echo first, which we don't know how much money amazon makes off it, they sell for less than air pods that apple has wei we know apple makes profitable stop talking about a $10 billion wearable quarter, are you not. >> that's correct. $10 billion is a lot of money, in one quarter this is more than many companies make or sell for the entire year, and apple is doing it in one quarter, in a small segment

that many people aren't paying attention to when you talk about innovation, it is important to look that apple focuses on the consumer experience and making sure it's an optimal experience. let me explain when 4g came out, 3g, 2g, apple was not the first to market. people were asking the same questions. what apple did is make sure they optimized things like battery life, screen usage, call connectivity to make sure when you're driving down the road, the battery or connection doesn't drop off sometimes this takes more time for apple. we believe apple is focused on the premium consumer experience. if that means they're a few months later, that's okay. yes. their innovation on the outside looks like it is slower, when you look at the specs and lack of 5g today, but when it comes

out, it tends to be a solid, good experience for consumers. >> and makes money, too. >> jim, where do you think investors are in terms of understanding margins on services and the accounting of streaming? are we getting any closer to grappling with that? >> that's a great question let's talk about services. it has been growing double digits, very strong, and is materially above corporate average margins. this item is absolutely important. in our report, we don't diminish it, say it is not important, but keep in mind, apple tv plus which was recently launched comes with one year free subscription for users that buy a new iphone with the one year free, we don't necessarily believe that apple tv plus is a big economic impact today. now, if they start to bundle it, and you can buy music, tv, arcade, games, and insurance and

other things and apple cloud for storage, that becomes more interesting. tv and services, the tv part is going to be very small because you get it for free. services over time becomes very important. but everybody on wall street kind of knows about this in our report, we are focused on what they don't know, and that's how hot selling the apple watch and air pods are for this christmas season >> yeah. especially with that price drop on the watch, the old version of the watch. interesting to see how it does jim suva with a price hike from 250 to 300 thanks for being with us >> great to see you. still to come this morning on "squawk alley," we hear from masa son, why he will continue to work with what he calls, quote, crazy entrepreneurs that's coming up next.

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let's get out west morgan brennan has a special guest. hey, morgan. >> hey, carl thank you very much. joining me at the reagan national defense forum, trey stevens, partner of founders fund and co-founder and chairman of andrel industries >> thanks for having me. >> a couple days ago, you published a report, ethics of defense technology development an investor's perspective. break it down for me. >> the central argument i was making, it is not simply an ethical choice of whether or not you work with the government, there's an ethical choice abstaining from that as well the key argument is we can look at the principles going back thousands of years, apply them to development of emerging technologies to determine whether or not there are things we can and should be doing to support the national security community. and whether there might be things that damage some of the

concepts. >> you're focused on defense technologies, defenseinnovatio between this and other investments in the portfolio in general, certainly something we talked about before, the divide or lack of intersection between silicon valley and d.c. right now, how would you characterize that, and do you think it is starting to change >> i think some of the culture has started to shift there are really complicated questions that are still being worked through, in particular by large tech platform companies, like microsoft, google, amazon a lot of that has been litigated extensively in the media but i think that by and large, there's a great deal of interest in the startup community, tech community in silicon valley of returning to the roots of having conversations about doing meaningful work with the government. >> what does it mean in terms of investment possibilities and opportunities for someone like you? >> i think the challenge to any

venture capital economic structure is that it might not make sense for large venture funds to invest in companies unless they have a high possible ceiling on valuation and market company. companies like palintir and spacex since the end of cold war, commonality of those put them directly in competition with the primes, systems incident gray tore, lockheed, general dynamics and so forth. things i am interested in looking @founders fund and other ven tul capital, are finding new prime minister, the next generation companies that are going to come in, compete. >> companies like andrel >> in terms of potential companies, how much of this is u.s. government based, how much are the opportunities above and beyond i think of a company like andrel with the drone technology being

developed. are there commercial applications, dual use technologies that make the sector more attractive than investors are realizing? >> absolutely. technologies are developed for commercial purposes and have dual use application going into programs of record inside the department you also have going the opposite direction, things developed primarily working with the government, specifically to the government's need that can be repurposed for commercial applications i think the latter is more interesting to me than the former often times the government has kind of second helpings of what is produced for the commercial sector and is not specific enough, as a result they end up trying to build things custom in-house, which is not good for the taxpayer, the programs generally don't work well, are wildly overpriced, take way longer than they should. the focus i am trying to pursue, find the things that are solving

specific government needs. if those can be turned around to support large industry, oil and gas companies, critical infrastructure, tackle that as well. >> do you think the government as we shift from hardware to software, do you think the government has its arms around what it means from a contracting standpoint, the jedi controversy, protests, et cetera. >> increasingly so you see reports coming out frequently from the defense innovation board, reagan institute published a report on this, they're coming to grips with this idea that software engineering talent is not flowing into the department in the ways that engineering talent was flowing into the department during the cold war. this is a huge gap that needs to be addressed because all of the technologies that are -- most of the technologies that are going to be applicable to department of defense and national security technology, while they might have hardware components will be defined by software. the f 35 is a hunk of metal that's defined by millions of

lines of software code that's increasingly important and as a result i think we need to find new ways to recruit and retain top talent in software engineering as we work on critical programs. >> certainly going to be a much bigger, broader conversation that happens here at the reagan national defense forum this weekend and certainly beyond thank you for joining us appreciate it. >> thanks, morgan. >> guys, back to you at the new york stock exchange. >> morgan, thanks. a very important topic session highs for stocks, and it is jobs day which means a special santelli exchange is just ahead rick is sitting down with former chrm ed lazear next. going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare, you're

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i am scott wapner. here's what's coming up. is it december dash to end of the year after the blowout jobs report and names hitting new highs. oil in focus, one firm says go long find out if the invest committee agrees with that that's at noon see you then 20, little less than that away let's get to the cme group for the santelli exchange. good morning, rick >> good morning, carl. i want to welcome my first friday of the month chair ed

lazear, advisers under george w. bush thank you for joining me today wow. 266,000, upgrades to wages looked like a pretty good report to me. what did you think >> yeah. i mean, there's no question, this is one of the strongest reports in a long time the truth is, it is surprising we're pretty much at full employment, beginning numbers like 266 you know, i like to smooth these things, look at the three month moving average rather than the individual month, but look, the three month average was 205,000. even there, we are way up. the question is why is that, how can we be this late in the recovery and still be getting jobs like that i would say it is primarily a couple of things the first is that it turned out, population growth was very high. part of the job growth reflects that we have more people in the

population and labor force that's number one. the second thing is that baby boomers are a driven generation. you look at the numbers and labor force participation, employment rate among 65 plus is 25%, unprecedented, all-time high it is also true in the rest of the labor force. people 25 to 54-year-olds, at prerecession peak. everything is going on all cylinders. we have a hot and strong labor market >> when it comes to q4, it looked like at one point it would be a light gdp quarter >> yeah. >> does this late stage number well into the 2019 last labor report of the year, is this going to change q4 metrics materially or psychologically in your opinion >> it certainly helps. the obvious thing for q4 is that

business investment, capital expenditures was weak in the last quarter the question is whether that will continue, whether that will pick up. consumption has been strong. 4% growth. and housing has been strong. we've got a few things going in our favor. if you look at the market, not so much for q4, look at what the market says about the next four quarters, the market is predicting -- it was at 1.5% growth, now it is 2 to 2.5% growth things have definitely turned around from where they were even six months ago >> you know, there seems to have been an asymmetric assumption in the number, i think it was well founded, a strong number would do less to bring back fed tightening than weak number easing tightening. the phillips curve is another funeral procession

your thought >> absolutely. advocates of phillips curve say the reason we don't tend to see it now, the fed is doing such a good job, it off sets the movements one would normally see if the phillips curve were working. that's a positive spin on it i have never been a big believer in the strength of the phillips curve as a predictor of what's going on in the economy. i think in terms of fundamentals fundamentals are things like productivity, growth, demand if you think about productivity growth, you mentioned this this morning, you talked about a rainout. that was a funny way to put it, but if you looked at 2015 and 2016, it was a relatively weak period past year had productivity growth of 2% that's a good deal it also means we can tolerate 4% nominal wage growth without inflationary pressure.

all those things are good and strong signals for the future. >> and this is going to blend in with what you just answered, the last 40 seconds i would like to dig deeper >> sure. >> the notion that wages are insufficient, not good, better in the past because it isn't pushing up inflation, and the final answer, i don't think you agree with that. >> i don't agree with it and the best news on wages, again, comes back to earlier segment, i was watching you this morning, and the best thing about wages is not only are wages growing at a reasonably high pace, but wages at the bottom are growing faster than the median you look at the bottom tenth percent, their growth has been 2 to 3 times as high as median, and that's really good news. that hasn't happened in a very

long time. again, that's a sign of strength, a sign of general strength throughout the economy, and something we like to see right now. >> ed, this is the last number for this year, i will wish you and your family happy holidays, merry christmas, and thank you for joining me today jon fortt, back to you >> thank you, rick same to you. >> rick santelli, thank you. opec meanwhile wrapping up the two day meeting today with oil prices brian sullivan is there live from vienna with the latest. brian? >> reporter: jon, it was a two day meeting, felt like one long 36 hour day to be honest with you. all marathons must finally come to an end, this one did with a deeper than expect production cut by the saudis in particular, that's something bwith oil price today. that output quote a coming into the meeting, added 500,000

barrels a day. but the saudis have been underproducing by 400,000, agreed to keep that under quote a. the market is interpreting it as a two to two plus one million barrel a day cut another 8 or 900,000 barrels on top of what they were doing. that's why the price of oil is up couple things. they're meeting again in march normally it is six months between meetings, now three months the market is nervous, guys. they're not sure how long the deal will last the other hot topic is the aramco ipo there wasn't a press conference yesterday but was one today. i got up front and said to the minister, i asked him about the ipo, and he responded. he is a quiet guy, got almost emotional and said it was the proudest day of his career and he talked about, listen. >> last night was a proud day for all of us, those that worked

on that deal and those that are members. i am glad you brought that issue. we have been battered by the media, as if we are cutting around by a piece there all these ulterior motives. >> it's been a three-year run and if you're "squawk alley" you talk about ipos all the time this is now bigger than alibaba, it's a $25.6 billion valuation the total company about $1.7 he added on the stage and we're going to post the whole back and forth to cnbc.com, that he thinks that aramco will be more than $2 trillion soon. in other words, the cost of production, about $3 u.s. dollars per barrel will be twice as big as a company you might have heard about called apple

computer. >> i remember when apple passed exxon in market cap. we'll see how those two shake out over time. >> thanks. great coverage as always brian sullivan in vienna the rally continues to improve the dow is up 333, best day since october 4th, best since october 11th for the s&p, and dow only needs about 40 inpots more to go green for the week.

john harwood sitting down with former vice president and 2020 presidential candidate, joe biden, on the campaign trail in iowa and john, i believe you talked about a lot of subjects, including biden's thoughts on anti-trust, right? >> reporter: we did, john. you know, joe biden's running a centrist campaign against left challenges from bernie sanders and elizabeth warren and one of the big issues has been attitude toward big business. elizabeth warren came out with a proposal this week to crack down on mega mergers. joe biden told me she's on the right track. >> it is a big economic problem, and one of the things i've said along the way here is that what i would do as president is set up within the justice department an entire new entity to go back and look at the mega mergers that have occurred and those that are being proposed to occur. whether or not it's in the

telecom industry or whatever it is, and make a judgment whether or not it made sense for that to happen one of the things that always happens from one administration to the next, even within the same party, so you go back and look at the consequences of what was done i think that there's too much concentration of power and i don't disagree with elizabeth's generic point, how we go about making that judgment remains to be seen. i don't think you go about making a judgment by picking a particular company i think you talk about what happened when we concentrated the power. >> reporter: and guys, notwithstanding that strong jobs number and the strong stock market results so far today, joe biden says he expects that the next president will inherit a recession or, at minimum, an economic slowdown, and how we deal is that is the subject of her parts of that interview. all of it is on cnbc.com, guys. >> john, we'll direct our

viewers to watch the whole thing. thanks to you. john harwood is in iowa today. stocks continue to rally after the upbeat comments from larry kudlow earlier this morning. and this will be the third straight gain. we'll get more on the rally straight ahead ♪ there are things we would change about work. and there are things we wouldn't. ♪ when work is worth it. work is worth it. work can be closer to home... pay more... make us proud. careerbuilder. work can work. find your work at careerbuilder.com

we turn our attention once again to los angeles there's a picture of elon musk arriving in court just a few moments ago. this is day four of his defamation case with a verdict possible by this afternoon we talked about jane wells earlier this morning about the case itself, how it applies to broader concerns about his business abilities >> relatively low-key action around the court, but we've been talking about elon musk and twitter for so long along so many different axes. this one has more of a broader cultural significance, not so much of an impact on tesla stock. >> certainly a lesson on how to tweet and tweet well lessons that some way elon has already learned. but the judicial wheels turn a little bit more slowly as for next week, fed

meeting, uk elections, tariff deadline on the 15th aramco is going to start trading on wednesday and house judiciary might draw up articles on thursday not a slow december. >> not at all. even a little bit of earnings. >> let's get to the judge. >> carl, thanks. front and center this hour, stocks surging after the blowout jobs report. is a december rally back in play it is 12:00 noon and this is the halftime report. >>. >> announcer: the risks remain, the fed on deck next week and the possibility of more tariffs. what investors do with their money for the rest of the year tech on fire apple and alphabet hitting new all-time highs two other big cap tech names you need to watch.