nice gain. one and a quarter percent. >> thank you so much for watching "power lunch. >> and closing bell, we're going to turn it over to closing bell we hope they're ready. have a great weekend, everybody. >> we are ready. welcome to the closing bell. as mentioned, we got a rally on wall street. major averages higher by about a percent. we're going to see if we can hit those record highs brushing off the warning signs we saw about 59 minutes left to trade to see if we can hit those highs. >> this rally sparked by better than expected jobs report. the u.s. economy added 266,000 jobs in november larry kudlow tells cnbc that intense trade talks are ongoing and china confirmed it will waive import tariffs for some

soybean and pork shipments that putses up 343 points on the dow. we are positive for the week as a whole now despite the declines earlier on this week joining us for the first hour, nathan from risk aver sal advisers so that point exact ly that we'r up .2 on s&p, do you think the b jobs number justifies that given where we were monday, tuesday? >> i think it's helpful when you think about the weak ism data and services this week that was a cause of concern. especially if you did not have a lot of confidence that we were going to have the fear of increas increas increased tariffs taking off so this kind of mitigates that and here we are in familiar territory back at all time highs. there's a lot of cross currents here what has happened to get us here you know, the fed has expanded the balance sheet by 300 $300

billion, right and they've lowered interest rates three times, 75 basis points in the last four months just to get us and keep us here. >> we're going to focus in on the big stories we're watching today. steve leaiesman breaks down the report kayla has the latest on the trade front. mike is watching the broad market surge in stocks and bertha coombs is at the nasdaq today. hi, steve. >> thanks. normally a big jobs blowout number would prompt concern about federal reserve interest rate hikes not today. the payroll comes in at 266,000, blowing out the consensus of 187,000. wages were kind of on the muted side it fell by 3.5%. modest wage growth amid a tight market suggests pressure, so the fed will stand pat barclays saying we retain our

fall and the fomc will remain until 2020 even the president's top economic adviser suggest the fed may have done enough >> we had the federal reserve way, way too tight in 2018 but i think that's going away. they took their foot off the brakes. >> how many more quarters or months excuse me like we just got before you start thinking that the next move could be a hike as opposed to a cut >> you know, the market will probably think that and eventually build that in as a more likely scenario, but you know, powell has laid out a kind of framework here, which is pretty interesting and that's going to be sustained inflation on the fed's preferred

inflationary indicator that most economists think could be in the 2.5 to 3% range to go on for a while there. so i think we're a long way from that we're down in the 17 range so i don't know, not quite double, but you need to add a percentage point or more to the underlying inflation rate i think for quite a while. maybe several months or six months before the fed's going to think the its policy is too loose here >> steve, thanks very much that's of course why the market likes it so much good news is is good news. s&p is up 4% now could the strong jobs report impact president trump's decision to hit china with new tariffs? kayla? >> wolf, the strength of the u.s. economy is certainly one piece of a complicated puzzle that president trump will have to weigh oaf the next week whether the u.s. can withstand a market sell off and more sustained by farm and manufacturing sectors all with the purpose of adding pressure

on china to extract more concessions, but risking the chinese potentially walking away if president trump delays the the tariffs without a deal signing, he lessens the risk, but prolongs talks in what would be the fifth such good will gesture. opening up to criticism that the dephase one deal doesn't exist certainly the relaxing of the tariffs by china is one move that could give trump political cover. today, larry kudlow maintained the two sides were close to a deal with just a few more buttons to be buttoned, but said december 15th could be a watershed date guys >> how surprised were you by the relaxing of those soybean and pork tariffs >> i wasn't necessarily surprised in the sense that this conversation for the last month has centered around what china will do with its retaliation and what the u.s. is willing to do on its tariffs the expectation was that the

u.s. had been pushing china to remove more tariffs than the u.s. was willing to do so the u.s. could potentially under that scenario, shelve these december 15th tariffs, maybe roll back the september ones, but it wanted china to do more we're seeing china go ahead and relax those restrictions on u.s. farm pers would make the president happy. that's something that had been under discussion and could set the table for him to have a more positive outlook on the potential to delay those tariffs. >> thank you very much for keeping track of that. let's send it over to mike with today's market dashboard >> the great jobs number has let this market go from shrugs to hugs over the course of this week going to break that down look at some of the elements of this return toward a record high slipping from a to z that's a big bellwether stock that's not really participating. we're going to have a real close up of that one then frowns become smiles.

this is sort of a second level look at the jobs data and the favorable trends that are evident in there then less fear, more cheer that's what investors are feeling right now. there's a gauge of risk appetites that's come back from the late summer depth. here's the s&p 500 for two years, two-year trend. it's pretty clear now. we were in a range for all that time and now it's clear we're kind of at the top of the range. this little wriggle was the 2.5% pullback from all time high to a very brief low kre cently. doesn't mean it's over we've kind of left behind that sort of tuesday wednesday sell off. sort of gapped right out of it and returned to the highs. we'll see if we have to retest that, but for now, it looks like the rally is intact. this would still be in tact even if we did have further pullbacks in range, but look at the nature of it that low volatility etf that everyone loved this year, splv, defensive stock, yield stocks, this is a two-year look.

it's very sensitive to the starting point, this analysis, but look at the lead that built up that's the splv. below is more cyclicals. financials and small cap usz el 2000 they're all going in concert the market's try iing to tell is trying to shift into a more cyclical gear here it's doing so, but grudgingly. if you're an optimist, you say hey, there's a lot of comback. with growth stock, not really powe iing the way higher at least on a day-to-day basis, guys >> and mike in the short-term n any way, the russell and the likes of energy, financials industrials, alvery strong toda. >> without a doubt today is a cyclical day. a risk on day and that makes sense. i don't know that you have to say it's going to be the russell or the large cap growth. bull markets aren't so stingy that you have to be in the exex

spot that would probably be taken as a positive >> mike also helps us find patterns in these charts that are sometimes hard to see, but if you look at today's charts, it started high and we just stayed there all day long. >> likely a really good point about the shift into cyclicals there's some stocks on my radar that are not confirming the new highs in the market. look at salesforce.com just reported earnings. i think anything with a dot com after it there are some names not c confirming the new highs, but that speaks to the fact that the rally at this point has been much broader than when we've seen new highs over the last 18 months >> and we have bertha coombs with some of the big wipers at the nasdaq today >> hey tech very strong today in fact, a today is for all time highs. apple, alfa bet and asml their bounds put the nasdaq

composite to break even for the week and put the communications sector at a new high investors giving ulta's earnings an a plus. reporting stronger margins back in the black for the year, still down 25% from the year's highs. a big drop down. biotech alexion rebounding as well there were talks and as a result will not be putting the company up for sale. it's strong, hitting a new historic high today led by device makers for a record. >> thank you very much for that. and just to round off the discussion on some of those fang points and the tech points, why is it you think that some of them whether it's amazon, netflix, haven't taken part this week >> great point all three of those names, i think it really comes down to valuation and you want to go back to what are some names that don't act well today it's some of these 2019 high growth ipos that are losing

money. so valuation seems to be a concern for some investors as we kind of broaden out the strategy when light mepgsed cyclicals, some of these are pretty cheap and they are for a reason. because they've had the head wind of global growth that's been challenged. so now it's a tash for trash for cheapness that's underperform and maybe you take those things higher and hit the pause button at the least on some high valuation growth >> we're up a full percent this friday afternoon with 49 minutes left of the session. still to come, former fed vice chairman tells us whether today will ensure the fed hol holds off on another rate cut next week plus, uber under presh after a new report and as we head to break, here's a quick check on our data tracker. consumer sentiment much better than expected. 99.2 this month.

the index's second best number this year. what a good time to do it going into the holidays. closing bell will be back right after this they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere.

doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

welcome back to the closing

bell here we sit going into the final hour of trade. the dow higher by almost 1.2%. goldman sachs and american express. >> some news on the new york stock exchange itself. the sec has rejected a proposal from the new york stock exchange to allow companies to raise capital in direct listings ipo alternatives like direct listings have grown in popularity we've seen slack and spotify go that route the new york stock exchange commenting we remain committed to evolving the direct listing project. this is not nshl in the filing process and we'll continue to work with the sec on this initiative for more, go to cnbc.com of course had an interview on this topic late last week and it would be interesting to see if they can adapt that proposal to get to a point where they go to a halfhearted ipo as it were via the direct listing process the one group of people who would be quite pleased are the investment banks because if the

exchanges can list and raise capital without that reliance of underwriting and access to clients, i think you would have seen a slight shift in the pool of the fees for this from investment banks toward it is exchanges, but we'll see how it goes >> it just can't all be about fees i think the investment banks will want to work with this, but i'll make a really important point. you think u about as we get to the later stage of this ipo cycle, you know one of the most important reasons a company will ipo is for a company to raise capit capital. go back 20 year, there was a will the of companies who ipoed in '98 and '99, that cash sustain ed them during a long bear market. so i think that was important. i think that's what has the evolve in this process, too. >> spotify stock moving in opposite directions. ub rer shares lower after the company released a long awaited sexual assau

sexual assault report. >> this is remarkable in a few different ways first, the sheer number of i incidents it sheds lights on 500 incidents of rape or attempted rape nine people murdered people killed in crashes over the full two years, it tracked near ly 6 thourk report of sexual abuse. while it is far from a complete picture and doesn't answer key questions, it's a level of transparency we haven't seen from ride sharing or taxi companies or the gig economy at large in compiling and releasing this report, uber may be creating a new benchmark question is, are they doing enough uber and lyft, are they doing enough about them. back to you. >> did they acknowledge they are

personally responsible for all of these instances or do they say that's not the case that taxi companies may have this type of thing as well and it's on the driver or somebody else in part at least >> no, uber has always claimed the a platform and their drivers are independent contractors. so they can't be held liable this is from a bunch of newspapers around the country today. 100% committed so there's a different line there they're 100% committed to makin the platform as safe as b possible doesn't necessarily say they're 100% liable. they keep touting this line. they're not a transportation company. they're a platform that connects drivers with users >> is there any discussion about upping the background checks or the screenings for these independent contractors? i know they look at differently, but if you're someone that doesn't necessarily study the business model of uber, you may assume that driver has gone through a certain level of clearances to get behind the

wheel and drive you. >> certainly a large part of the 86 page report where all the safety measures they are adding, including to make the platform safer. so they are doing things in terms of background checks and screenings that's a big question. remember when this platform start ted. almost anyone with a car could get on and drive that has changeded the company said that it rejected one million people who wanted to drive for the platform b i believe over the last two years. again though, this is really hard because we don't have a lot of context we don't know entirely how many people applied the ins and u out of the background checks and some lawmakers have proposed that there should be fingerprint screening, so that's a debate, but cloerly, there's a lot of work to do there and i think uber is acknowledge iing that ad saying they're committed to doing it and this transparency certainly a step forward >> one question as if the affects the t srsl license, whi is up in the air at moment but we'll have to wait and see thank you. dan, you own lyft. does this change your view on

either stock >> here's the thing. i do not own lyft right now. i prefer lyft to uber for a whole host of reasons. i saw the founderover lyft speak at a tech conference when you have him on a one-on-one setting, they have one focus. just north american ride share and ultimately the path the autonomy now they have the same issues. there was a lawsuit filed against them on the sexual harassment stuff, but they're just focused on north america and ride share when i think about uber and think this is one of many problems regulatory issues in california and it goes on and on. losing the license in london i much prefer lyft as a play on the ride share they've been much better at pointing to when they think they're going to be profitable ub ebb has yet to do that. >> uber is not the only recent ipo that's been under pressure seema has the details of some other names. >> that's right. uber is one of several high profile ipo flame outs

lyft, dou and smile direct club all trading well below their ipo price raising some concerns as to whether these companies that were highly valued in the private market can stand up to the scrutiny of public markets now parnlg duty and zoom, these cloud computing names both on their stocks surge on their first day of trade now getting hit on weaker than expected earnings report cards. of the 5200 companies that have gone public this year, the average return is 14.6%. still a number of names are trading above their ipo price including beyond meat and one to watch next week is bill.com. a payment software company that rivals paypal. it could be a good gauge for investor appetite around the fin tech digital payment space >> thank you that's a good wrap up. while here we have about 39 minutes left to go before the chosing bell sounds. the dow, s&p, nasdaq all higher

by about 1%. the dow is higher by 322 points. coming up, why this mystery chart could be a canary in the coal mine for the market >> plus, earlier this week, josh brown weigh ed in on the red hot fast food chicken stand witch market >> chicken sandwich wars were no joke this year, but i think i found a winner it's chick-fil-a >> now it appears a new heavyweight contender may be enthe terror iing the ring detas up next. dan nathan will make the final call (nervously) ready?

ok, ready sweetie? nice, you ready to go again? are you ready, dad? i'm ready. imagine if your life insurance could help you live for today and safeguard tomorrow, so you're ready for anything. life insurance designed to protect generations of families. that's the power of pacific. ask a financial professional about pacific life.

market rs his are higher leading the way, 3m, goldman sachs and american express higher by almost 1.3%. let's see if we can tack on some good gains to end the week let's get to word on the street. advisory group out with a note on mcdonald's concluded that after consuming a hot of chicken sandwich, mcdonald's crispy chicken, only available in houston and nashville, is quite really good and can face off against chick-fil-a. the analyst weighing in on it on "power lunch" today. >> to be fair, they're not going to beat out chick-fil-a, popeye's, but they're taking a product on their menu, improving

it dramatically and making it a much better tool by which they can grow their sales and traffic trends in that regard, i think this product is going to be a very good success compare d to what their previous product has done. >> the analysts also say iing ty consumed a lot of fast food chicken sandwiches to come up with that report the firm seeing wallet share shift to sneakers and other athletic and street wear and cowen constellation brands as its best idea r for 2020. the ceo has cleaned house by divesting slow growth and profit bran brands they believe the beer business should continue to benefit from mexican imports. shares higher by about three quarters of a percent. so underperforming the broader market >> i like these stocks

beer, burgers >> handbags. r more of a sneaker guy. >> to the point of the chick en sandwich has always been disappointing, but the chicken nuggets are excellent so the scope for them to deliver is here so i'm excited. >> who could disagree when it comes to josh brown on any quick service food he's nailed the thing. >> we gave him a bit of heat for that already >> and he deserved it. donald's is interesting. about 12 off its highs made this summer seemed like everything was going well until the chicken stand witch thing came about if this company can get this right and start moving forward, i don't think chicken's going to save them, but i think you have the potential for reacceleration in earnings growth about 8% next year on 3% sales code trading about 23 times. that's kind of reasonable to its own historical self so if you're looking for names to get going

in early 2020, i would suspect mcdonald's could be one of them. >> and this could usher in a new lineup bigger perhaps >> a few years ago when they revamped that menu, that was the start of this thing and now obviously the easter bls brook era is over and those are an overhang for this company, but let's get the chicken right. i think josh is probably too bold on the chick f-fil-a >> it's hard the beat. an excellent sandwich. i had it twice last week a lot of mall time here are three things driving the rally. u.s. economy adding 266,000 jobs in the month of november white house economic adviser larry kudlow telling cnbc that quote intense trade talks are ongoing on almost dale i basis and china confirmeded it will

waive some teariffs from soybea and pork >> time for an update with sue >> hello, everybody. here's what's happening. the pensacola shooting suspect was an aviation officer for the saudi air force according to u.s. officials the fbi and other authorities are now investigatinging the incident to determine if it was terrorism related. president trump says the saudi king told him the shooter does not represent the feelings of the saudi people john kerry, who o endorsed joe biden for president, appearing with him on the campaign trial in iowa biden tore into president trump's foreign policy record. >> we just saw how little respect this president commands from our allies, from our al lies, our closest partners we've never, ever seen anything like that before a president who's been mocked and laughed at >> continuing a tradition dating

back to bess truman, melania trump paying a visit to the children's national hospital in washington she listened as the children read inspirational messages from an advent calendar then later she helped them make snow flakes that's the news update back downtown to you >> thank you, sue. we're going to send it over to mike. he has a second installment of the market dashboard today >> well, as you very well know, amazon's logo is code for going from a to z or having everything from a to z. that stock is slipping down the alphabet so to speak if ylook at the charts, you guys were alluding to it earlier. even beyond this rotation out of large cap tech, amazon has really struggled here. so i do want to note, this is a two year chart so this was a very, very strong market on a two year basis it continues to be ahead of market and tech, but it's very telling that it's peek was 15

months ago tht the activity we're seeing. also underperforming today as some other big tech stocks are, too. i think it's relevant to cameome it to others such as walmart this is a one year had a great run, led the way, outperformed amazon up only 3% for the year s&p, 16 and the nasdaq 100 so clearly, this is flat lining and the question is is it really just digesting slowly that massive run that it had into this september 2018 high or just something else going on. a lot of technicians flagged this saying it has to hold above 1700 or so to kind of keep you away from the idea there's a major top in there so i thought it was the time of year and a moment in the market to point that out. >> i notice d that usually aroun cyber monday, you would think amazon would get a pop, but often you see the stock go sideways or down around cyber

monday >> the numbers are getting big next year, they're going to top $300 billion in sales. most of that is north american retail sales we know that margin is slight. we know that the company has been investing one day shipping has been a huge drag on profitability. mike just used the term digesting. i think it's digesting a lot of things the stock is still up considerably on the year i think there's a lot of investors would like to see this thing back towards 1500 to kind of get reloaded in this thing for another growth phase for the next few years >> when you look at a name like amazon, are you looking at it for the retail operations, the cloud business r for the growth in the future? how do you evaluate this >> it's been the secret sauce. that's the thing that's afforded them to do the investments in the retail to make acquisitions like whole foods i suspect that next year, you might see another bricks and mortal retailer come under the ma' amazon umbrella. all that sort of stuff

so to me, whole foods was probably just the start. maybe it's not 2020, but u it probably happens in 2021 >> we've got 27 minutes left, trade nicely high er as we have been throughout the session. 1% of gains for the dow s&p and nasdaq pretty much 1% higher coming up, your last chance trade featuring a well-known consumer stock plus, don kohn tells us whether the jobs report's concerns are being overblown and here's a quick check on bonds and where the yields are sitting on this friday afternoon we talk a lot about the ten year sitting around 1.8 and a touch higher than that now 4.3% at 1.619. e chosing bell back after this what'd we decide on the flyers again? uh, "fifteen minutes could save you 15%

or more on car insurance." i think we're gonna swap over to "over seventy-five years of savings and service." what, we're just gonna swap over? yep. pump the breaks on this, swap it over to that. pump the breaks, and, uh, swap over? that's right. instead of all this that i've already-? yeah. what are we gonna do with these? keep it at your desk, and save it for next time. geico. over 75 years of savings and service.

- (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit in the human brain, billions of nefor people with parkinson's,

some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those exact neurons. restoring control and harmony, once thought to belost forever. the most personal technology is technology with the power to change your life. and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit stocks rallying today following a strong november jobs report coming in at 266,000 beating estimates. it's the strong data of had a

meeting and will that change the b possible decision we get next week for m let's bring in don kohn, former vice chair of the federal reserve and senior fellow in the economic studies at the brookings institution. great to see you what do you feel about this data does it change the likelihood of a decision next week or were we set for no change in the interest rate? >> i think if anything, it reenforces their judgment that they've got policy in a good place as chairman powell says, to support the continued good growth in the economy with very contained inflation. great jobs growth. they don't certainly don't need to ease to help the haber market it's doing great all by itself and wage growth was has been a little higher, but it's not really accelerating. despite this very low unemployment rate and inflation is below their target. so they've got no reason to

change so this will just reenforce their judgment >> as you look at these jobs report, 266,000 jobs is a lot for an economy that has a tight labor market how much longer can we continue to add jobs at these numbers and if we start to slow down, you know, do we need to be reminded that's okay, we're almost here near full employment >> well i agree with you i think it's unsustainable the to continue at this pace 200,000 last three month average. i think the steady state pace of o inkrecrease i've been saying that for some time and it has been and it hasn't really pushed up inflation. so i think it can't go on

forever. i think the it's going to take a while before we see that >> when you assess the rhetoric from the fed chair, do you think he's too focused on unemployment and either way, do you think it's possible the next move will be a hike rather than a cut regardless of how he sees that balance? >> i don't see him as focused on one rather than the other. more on one rather than the other. i think their legislative mandate involves both employment and stable prices and i have it noted one versus the other he has welcomed the strong labor market that's occurring bringing people back into the labor force, giving people jobs. helping people particularly in the less skilled end of the labor force. this is great and not really pushing up inflation so i don't see him favoring one or the other

so i think they'll just, they'll live with where they are you're question about what would be the next move so i wouldn't anticipate, if i remember writing, if i had to submit a dot this year for next year, i were still back in the saddle at the fed, i think i would submit unchanged rates for the next year as my best guess of what's going to keep the committee in decent shape but it's hugely uncertain around that and i guess if i had to answer your question, the next move is more likely to be up than down because of that courtney was saying about the unsustainable job growth, but i think right now, it looks like it's a ways away and the fed lpt will want to see some creeping up of inflation towards 2% and maybe even tolerate some after

this long period, so they would welcome some increase in inflation and pressure on the market so eventually, up. but not anytime soon >> not anytime soon. steady as she goes thank you for joining us here today. coming up next, we have your last chance trade. >> and the ceo of micro chip tells us how the tra w wdearith china is impacting his company's bottom line. you should be mad that this is your daily commute. you should be mad at people who forget they're in public. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with e*trade,

which isn't complicated. their app makes trading quick and simple so you can strike when the time is right. don't get mad, get e*trade and start trading today. is that pgim, we see alpha emerging in the trendsete? driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. (brakes screeching) okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies?

not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions.

we have about 16 minutes left to go until the closing bell >> feeling confident today let's look at starbucks. back this july when the compa companicompany reported earnings and had blowout sales. the stock got to 90% that day but then spent the next two months selling off it had an 18% peak to trouf decline. it's bottoming out as investors start to position for growth especially at a reasonable price, it's about 23 time, but to me, this one makes a run back towards its prior highs near 100 at some point in the new year,

we're going to get earnings from them in late january this is one i would start pick at a little bit. you might see it move back towards 90 then 100. >> chart not dissimilar from mcdonald's >> multiples are similar here's what's different. starbucks is up 34% on the year. it's not like it's underperforming anything it's just taking a pause here. it's interesting to think about that sell off in the summer ko insided with fields of global growth, tariffs, nationalistic consumer trends. china's a huge growth area for them so you get tariffs out of way, u.s. recession concerns out of the way, i think starbucks starts to work much better in 2020 >> $6 lattes all around. >> upunint ru uninterru uninterrupted coverage of the final minutes of tdirang including one stock that could be a red flag for the broader markets.

when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. 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 so you can take on the markets with confidence.

don't get mad get e*trade and start trading commission free today. we have 11 minutes left of trade. commercial free coverage of all of the action going on into the close. >> mike is here to break town the crucial moments of the trading day and today, we've got dan nathan he's going to stick with us for the market sozone, too. stocks are rallying on the november jobs report the dow, s&p and nasdaq all traded just below record high levels levels to watch, 28,164. that's the previous record close for the dow. 3153 for the s&p 500 and 70 8705

nrt nasdaq dan, what do you make of the action we hit higher and stayed there all ta long. investors got what they needed to hear and we're good enough to sit back and have the rest thndo the stock market we get the fed meeting on december 11th and tariff deadline on december 15th. you get those things out of the way, you have a stock market closing near the highs just 2.5%, a minor that we consider the sell-off that we had. i think on average, 5% or 6% or so this one is pretty muted it feels broad base. >> one stock in particular you are not so -- >> some of you guys may know, when everyone is looking one way, i sometimes looking another the other way. this is a company that obviously

have a ton of sales outside of the u.s. or emerging markets, enterprise telecom and for the second quarter in a row, when they reported, they gave a down beat guidance it is flat in the year, down 25%. it is important that they listen to what that company says about their guidance and the weakness from the summer months into the fall are we really seeing stabilizing economic data overseas follow cisco, they really are winning in the right direction as it relates to around the world. >> but, mike, to push back, to china. there is a lot going on with cisco but have not acted as a dollar >> it has not. when you thoink of what they sell, the nuts and bolts of i.t.

infrastructure >> apple pops up to a new high it is the consumer cyclical that's getting more in favor they were depressed. it is not the hardware sellers >> breaking news while inside the market zone. will, the president been watching the stock market reaction of the huge jobs number we talked about. the president talked about it in the roosevelt room just a short time ago the market is up 325 points today, great jobs number the numbers have been phenome l phenomenal some people said so spot on and so good that they actually never seen anything like it. it is a long way from when people were rooting for a recession because they thought they could may be win an

election >> and you listen to that, you get the sense will that 2020 is going to be a political echt again the way they were back in 2016 this one is an important one and they view it as a validation of their economic approach and you can expect more of the same throughout the year next year as long as these numbers helicopcoe on the same track. >> it is a day both are moving in the same direction. >> for sure. >> they're in tune right now >> investors want to see the economy speed up today we are back at 2% growth rate that's where we have been for a long time. right now it comes in as a relief maybe next year, it will come as a disappointment for now, i think everyone is good housing markets of course is a big part of our economy. golden sack, a positive sector

view let's get to diane olick poi >> goldman sachs notes that although builder stocks are up 58% to year to date, they trade in line with their long-term average with 1.4 value, goldman is highlighting lenard and illumina and d.r. horton back to you guys >> what could be a possible headline for the market? any fear that it could end soon? >> it is all about cost. >> the builder is facing a high cost for land, labor and material and regulatory compliance it is hard for them to pivot if they can do it, great again, they're up against high

cost >> diane a, thank you very much >> jack ma spoke at a forum today at soft bank >> he has a great vision and he belie believed in the future and probably has the biggest guts in the world on doing investment. very few people in the world have that coverage sometimes i lose a lot of money. >> i know. >> courage is one word you can frame it and also if you pull money into a hugely loss company without much >> i think you can kind of honor the big picture vision in the 100 year holding period and everything else propagates and acknowledging too much capitol is not really a formula for long-term success. >> so many people following the beginning of individual moves in

the market but, how much do you follow what he's investing and look at the vision which looks very different with this small healthcare >> i mean, listen, it seems everyday, it seems a massive check - whatever the heck it is. it is coming from vision funds they're out there raising tens of billions more it is just not that great idea if you pour that much money in from the get-go and get a return 6789 as we see in 2019 when you see in the public market after you raised billions of dollars in equity and debt, that's going to be the problem going forward. who'll get the return on these investments? it will be the early investors and the private market >> i love the idea of justifying back the original vision did not play out that way and it was really courageous along the way

>> anyway, we'll get to the market 0.9% just over 3 minutes left >> solidly positive all day. not the kind of overwhelming and rush to bid. this is the advancing, it is about three quarters advancing volume that's great it does not tell you, all of a sudden you have a tremendous flow of money, establishing new vision take back the losses from a week ago and sit there from the highs. we have a good number of economy stock exchange 160 of them. that's a positive volatility index, it has come in, still sitting above 13 when you had a quick shake out like we had down 2%. yes, we were down below 12 and not that long ago. we rebuild the premium it starts to look like a little bit like we went through in

march when we had 3% pull back as well. if that's all it is. >> you have a perfect set to construct today. you are getting an energy boost from oil prices. absolutely perfect >> it is all helping i would say not completely without orchestration, too everybody kind of buys this stuff that they think should work >> time to check in on bonds, rick >> the treasury complex had a real fiery response to the upside needle after the strong number back to your note on change up on the week. look at the intraday 10. that popped up 186 and up 184. you think it was crazy here. let's look at the guilt of ten years in the u.k., it followed our market, roared back. finally the dollar index intraday chart, reverse the five-day losing streak bertha, who would have thought

on monday that friday is the third highest nasdaq close ever. >> yeah, pretty interesting here over the prospect of trade once again. apple hitting an all time high along with alphabet. amazon is down the fifth week in 11 and apple is up. chip rebounding strongly some huge moves among small caps and one of those that this week got bought out by a japanese company. it certainly is, bertha. >> the market finding is a sweet spot today and encouraging comments from china and that tariff deadline on the 15 of december take a look at shares of 3m. a significant turn around from the industrial it is exploring a $1 billion

sales. the industrial giant is attempting the find ways free of pass you have a record high of j.p. morgan take a look at gold, down 18 bucks on the day with the dow. s&p 500 up 29. welcome to "closing biing b" i am wilfred frost >> let's check in the market, higher by 1.2% a little slipping into the close. healthy gains into the open. 10 out of 11 sectors were high

>> and joining us to talk about the market, dan nathan, he's still with us along with brian pence. is this the beginning of santa claus rallying here? too early to call that >> specifically, too early tail winds have helped us. you get a little bit of choppiness the market was hesitant because you still have that deadline out there. december 15th for tariffs. i love to over think it and saying it does not matter in front of the windshield market i do think the premise of the rally since october is still in place. you probably had abbotti bottom the economy. people were too defensive in

terms of positioning and the fed. all that still in place except you need -- perhaps, you have no excuses to stand in the way. by the way, the definition between christmas and new years. it remains to be seen. >> santa is back to the north pol pole >> there is a simile to 2017 and january of 2018. there were some head winds to the market going higher and head winds of economic growth, once we had that tax cut in late december, we exploded in the year end, followed by a few months i think you can be setting up something similar especially if this december 15th trade deadline, it is just a push out or something where they're taking back the tariffs they put on the last few months

i don't think that's a sustainable thing. mike, the point of this discussion, do you need to see manufacturing data to improve as well given the rally we had and the multiples we got it is not currently pricing in >> i think over the coming weeks, you will definitely want to see tractions in the global manufacturing and you want to see that idea that you have bottoming industrial that has to come at some point i am kind of with dan at this. if you get this kind of all clear type trade, you can get kind of a rush of relief and money flowing into the market. >> jonathan, what's your take? do we need to see better data to get decent gain in 2020? >> i don't think so. >> the reason why, we are under estimating the fact that we got 2.2 million more people working

this christmas than you had last weekend. when you take a 3% increase in wages, you take the number of people coming into the labor force, we had $500 billion in additional income and the u.s. economy, that's like growing a country bigger than ireland in one year at the end of the career, christmas is going to be better than it was. you have this tremendous se incenti incentive. $500 additional income that people have. we are positive on it and obviously there will be volatility and head winds and political and other things the fundamental under line of this economy, more people are working and they're spending it and u.s. consumers and wage and job markets and strong and consumers are in control >> i was going to say you are setting this up perfectly for me to ask consumer earnings

you sound positive on the state of u.s. consumer with their wallets going in. any names there that you like? >> the names we like are obvious. we like amazon and when you take a look at ecommerce, it was up 19% on black friday and the day after that amazon is dominated there. we like visa and mastercard. 85% of the market, and in the u.s. 96% and europe. we like disney a lot, they really gotten their strength into the streaming but content and we think walmart is beginning to really move forward in the ecommerce area and there is some improvement there. so those are the names that we like at a consumer base and moving forward into the end of the year and moving forward as we get into next year as well. >> larry kudlow was on cnbc earlier today where he offered

encouraging words on the trade deal with china. it sure sounds familiar he made in the past. >> i can't speak specifically on remaining issues but the reality is constructive talks. >> we are close to reaching a deal, it could happen soon, it must be a good deal. there is a lot of momentum and there are agreements on both sides. >> from larry and other members of course at the economic team at the white house the key thing for the market is away from thinking that we are about to get worse again and this hope that december 15th >> that's the binary issue the market's point of view, make

sure we have the long-term agreement in place i do think the fact the market this weak, i looked on the bright side a little bit and did not take -- honestly, when the market sell off on tuesday, when the president -- maybe it is better to wait after the election to have a deal. it sounded like one of his conversational switch back as opposed to a new statement of policies and so the market didn't want to look past immediately. all the other singgnals are. >> how much of a cap on the market with this waiting game between will there be tariffs or will there not be a tariff what's the possibility higher? >> you see all these issues rolling off and trade is probably the only one that's left what will happen is if we get

pass this then i don't think we'll hold the market back to have a positive move into next year, that'll be good. we'll see whether some tax selling after the first of the year, people with going to wait and move their taxes you may get some early voluntary in january this echina thing is moving towards to a good place for the united states. >> send it over to seema mody. >> a rough start, we did manage. really strong earnings, and q-4 that's much higher check it out 6% and falling a dramatic i can management shake up ceo and c o cfo ousted by the board.

anticipation building around the saudi arabia oil field next week with those higher oil prices come, united airlines down 2% to 4% next week on the agenda that could potentially lose stock the u.k. election will and that looming tariff deadline on the 15th >> seema i am well aware of that. >> oh, are you >> seema, thank you very much. >> there is so much coming next week a strong performance because of the week i wonder whether that's not enough price in for the potential for one of those events to go against the market expecting. >> arguably. we keep on talking about how we have this 2% to 3% shake up. it is not enough to get anybody back on their heels and reset and get a lot of reset value so if one of these events come along, could we get something

like that. just to see if we are for real, sure i don't know if necessarily the market right now is completely priced for a perfect scenario. >> sorry before we let you go i am wondering as well are you two optimistic of everything going our direction is that worrisome spot it does not seem like much is going to shake investors one way or another seems like everyone is convinced that a phase one deal is in the cards here a phase one deal is a meaningful push out of phase two and three that do not happen in 2020 before the election. unless you take back all the tariffs, i think it is important to remember. enough of these headlines and creating hundreds of billions of dollars of tariffs out -- phase one is going to do is roll back

tariffs and last two months as they have been weaponized and they are not serving the broader good we'll a trade deal to focus on the main issue that our two countries are facing >> thank you very much >> great to see you. >> thank you very much >> up next, find out how damaging uber's safety could be? we'll be back in a second. bye-bye. i recognize that voice. annie? yeah! she helped me find the right bonds for my income strategy. you're very popular around here. there's a birthday going on. karl! he took care of my 401k rollover. wow, you call a lot. yeah, well it's my money we're talking about here. joining us for karaoke later? ah, i'd love to, but people get really emotional when i sing. help from a team that will exceed your expectations. ♪

uber, the company is under pressure unveiling a new safety report 6,000 cases in the u.s. as well as 19 fatal physical assaults. uber's ceo believes transparency is putting company on the right path we'll be a better company for taking the steps today companies who are open and unafraid are ultimately the companies that succeed joining us is our managing director and ex director a good afternoon to you both jason, how much of a blow is this of these numbers that these events are happening at all? >> anything is not acceptable. the headline number will - if

you look at percentage trips and point 0.003. there are also other color, half the victims were drivers and nobody seems to be managing that they did improve the number of incidents declined from 2018 verses 2017. the range was 12% to 26% depending on how you categorize the violation. if you look and try to google or sexual, i did this i found a washington journal article in 2016 that talked about 14 reported rapes. there is no data for the last several years. i think uber is trying to raise the bar while this type of data is actually not available in what we'll call competitive transportational alternative

>> sure, i get that there may be worse outcomes occurring other transport related roots or stocks or whatever you want to call it. that does not justify it happening for uber and uber is a multi-billion dollars company and it is responsible for all of these cars in a way a single taxi may just be responsible, i guess my point is, is this not going to legitimately attract scrutiny that's going to impact the company until they get a number to zero if you are talking about regulation, taxis and most metros area are regulated. and what's the comparison. zero would be an acceptable number zero is not realistic, there are bad actors i think another news outlet has

stories today how the nca had 11 felons driving for them who kind of gotten through background checks we can acknowledge that you will never be a zero. this company because of how they use technology, what can they do to improve it and if you look at what they have done, 2019 verses 2018 as far as safety features and the number of people's work ethics, whatever you feel unsafe, that's dramatically improved when the 2019 numbers come out in 2020, you will see a meaningful improvement >> not to diminish the severity of these numbers it gives me a little pause as well how damaging is this to the company at large when it comes to frankly of their performance of the number of riders that'll be taking this service in the future and could it translate over to lyft what's the different if you are

a rider between lyft or uber when you hear a report like this >> go ahead. >> thank you for having me no matter how you cut it, the numbers are not good we didn't know about these numbers. uber is being transferred. that's a great positive step now matter how you cut them, the numbers are not good that does not have an effect on lyft as well that's clear between those two companies and also in terms of ride everi ride riders, many lyft as well. there will be a pause as to how these people are using these services what uber is doing is a good, positive step. it is the four step and i think

we are starting the conversation hopefully a year from now, we are at a better place. it must be commended >> how big of a risk off a nuclear reaction from one of the regulators to fully block that operation until they get these numbers to an acceptable level i get london, perhaps one regulator that could be closer taking it? >> yeah, i think what uber is seeing, we don't want to transfer it with riders or drivers and regularities also need to complete the hands shake by saying okay, now you want to transm translate with us, we'll work with you to make sure you have

the technology and drivers are protected. i think again, i will go back to the first positive step comment. i think for them to get blocked is there but i feel that would be too much of a serious step f >> thank you, we'll leave it there. thank you very much. up next stocks rallying off the report mike santoli is going to look at what's behind that number. >> an emotional badgggage. we'll hear from the reporter who broke that story >> the martske "closing bell" back in a couple

welcome back to "closing bell." let's send it over to mike santoli. a couple of sticky points of the labor market everyone kept pointing out during the expansion, not so

great wage and lower end of the labor market take a look at this chart, this is percentage of prime age workers that are in the labor force that have jobs right now a very steady, steep rise, what's interesting of the latest number is we match the pre-2007 and recession levels another 2% point obviously whatever it is a couple of million jobs you have to add to this age group. it tells you, we are getting towards a fuller situation and for many months, the supply waiver is helping out. here is a wage chart that's not straight out it separates things out from everybody and production basically entry level and people who are not managers or

executives that's in orange that's stronger and you open up this gap it is about 3.7% annual bases in today's report that's something that happens at the end of expansion there are merits troo ig to keep t the expansion going. it does mean it is a favorable trend at the lower end of the mark >> mike, thank you very much for that >> morgan is in california, what do you got >> first of all, let me say, anyone who says it never rains here in southern california, it just started raining here. take a look at this. this is f-117, it is at the presidential reagan library. it is one of more than 800 expected guests here at the forum, we got another one of those guests, the ceo of aaj mor

semiconductor company, coming up exclusively after this break

welcome back >> bluebird bio is down just

less than 2% the company along with crystal myers reporting of a steady, cancer therapy, it met its goals. that's why the stock had been up now it is almost flat here this drug is not benign. there were some safety issues that the company reported. it is a personalized therapy we we they take the patient's own cell and target cancer better we did see omnivore some of tha study. they had been up 12% in this trial. bluebird along with crystal myers. >> thank you, megan. >> it is time now for our cnbc news update with sue herrera >> hello, here is what's happening. the trump administration slapping sanctions on three iran militia leaders for protests

that have wrecked that country it hit a wealthy businessman with sanctions for bribery and corruption >> iran claims, it is increasingly clear to us that people at the region however, corruption and repression. >> here at home, the flu season is well underway for most of this country the cdc says as of november 30th, either reported widespread or regional activity the highest rate of hospitalization was among adults age 65 or older. it is never too late to get that flu shot >> the new york knicks, that's according to espn. the knicks lost their eighth straight game with their 129-92 defeat to the denver nuts last night. that followed a 44 points loss

to the milwaukee bucs. you are up to date that's the news update, cou kourtney, back to you. >> you should show up at more of those. >> maybe he's a good luck charm. >> thank you, sue. >> administration officials and business executives are in california at the reagan forum morgan brennan who has an exclusive interview with the micro chip's ceo, take it away >> i am joined on the site of the national reagan national platform founder and chairman, thank you for joining us today >> thank you for having me here. >> revenue, you narrow the range, is it safe to say that the inventory has been taken

place for the company is largely behind >> well. the connection has been happening for several quarters and we saw a number of indicators in terms of backlog and booking that when you look at it, it would show that it looks like an inflection forum i didn't call it because of the uncertainty that still exists and we do not know if they are scheduled to go on december 15th or not because of all that uncertainty, i did not call it but the booking and indicators show the inflection point >> i want to go into the trade a little bit more. in terms of where you are seeing some strengths and booking, where is it? >> strength is coming from china and asia less so in europe. >> that's with the uncertainty of all the tariff and trade stuff going on

>> trade or no trade and finally creating the booking >> one of the biggest defense forums in the world, each year china will be a topic conversation above and beyond trade talk and tech transfer and issues of national security, how do you see it through the semiconduct semiconducterli line s? >>. >>s the a they're subjected to and, you know, counterfeit parts

and have malicious software and things like that it is a lot of risk and for security purposes, a lot of micro electronic, it should be building this country and the debate going on and we can't be apart of the solution. >> it is interesting to hear you talk about it that way >> we have t.j. rogers, founder of cypress on cnbc earlier, yes, there is a d-cup that's happening between americans and chinese tech it started long before the trade war and arguably a couple of years ago. we'll start building more semiconductors, how do you see it >> he's right. chinese started their funds and they have been building their start. a couple of years on zte,

violating the embargo. nobody can ship to zte other companies, we are able to ship to zte. it was dangerous to u.s. products because you could not get the embargo and two years later, there was an embargo on huawei and now there are terrorists and zt and whuawei and tariffs >> all right, thank you for joining us today we'll leave it there >> the ceo and chairman of micro chip technology. guys, we'll send it back to you in new york. >> morgan, thank you so much >> lovely backdrop still ahead here on "the closing bell." the verdict could soon be in elon musk trial verdict.

a live outside the courtroom with the latest when "closing bell" returns cnbc news update is provided by comcast business in the human brain, billions of neurons play in harmony.

for people with parkinson's,

some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those exact neurons. restoring control and harmony, once thought to belost forever. the most personal technology is technology with the power to change your life.

elon musk's defamation charge could soon have a verdict. >> reporter: the jury went into deliberations. before they went in, closing arguments if they found, his attorney gave him some idea of what damages should be look at this they're saying the jury may consider $40 million in compensatory damages, and then at least 150 million punitive damages punishing. elon musk is a lyiar. he called him a billionaire bully who dropped a nuclear bomb which will have a fallout for years to come. he became emotional at a certain point several times. the lawyer was so emotional to

the point where the judge says keep your emotions on check. an insult which was an opinion and it is not defamatory or once a statement of facts that was false and hurtful and harmful. wood is saying that it was a statement of fact because musk did research before he made that tweet by googling uing unsworth a fight between two guys an insult understood to insult and not a statement. he also said that unsworth did not put a single witness on the stand who testified that he had suffered from this tossing it back there. the jurors seemed to get a

little bored, it is not a very complex case, they had to sit through 2.5 hours for closing arguments. they started looking at the clock and taking notes >> $190 million for receiving a tweet though >> thank you, jane wells >> that's not all good meanti meantime, wall street journal says elon musk is following the footsteps of other wealthy billionaire, spending around $100 million six of those homes located in the same los angeles neighborhood the most expensive property has an estimated value of $27.3 million and comes with 6 bedrooms and seven bathrooms his least expensive property comes in as $4.2 million

i don't think he needs all of those bedrooms every night and day. maybe he just wants some privacy buying up the neighborhood >> maybe it is an air bnb plan to come? >> a lot of square footage to power with solar and battery >> it never rains in california, right? >> people remember it. >> thanks jane >> we have a news alert on the house impeachment hearings eamon javers >> reporter: the judiciary committee to end the impeachment process. the white house faced a 5:00 p.m. deadline to respond whether or not they'll send any witnesses to participate in that inquiry process of the white house council here not suggesting they'll send anyone if you are going to impeach me, do it now, fast so we can have a

fair trial in the senate so that our country can get back to business that's a no from the white house, guys. >> thank you, for that update, eamon javers >> got to get away investigations into allegations of a luggage company we'll hear from the reporter that broke that story, straight ahead. [grunting] [maniacal laughter] gold. gold!

right, uh...thank you, for that, bob. but i think it's time we go with gbtc. it's bitcoin exposure through a traditional investment account. nice rock. it's time to drop gold. go digital. go grayscale.

facebook, uber, we were all once small start up, turn

unicorns after an investigation, the company characterized by crushing hours and e bankrupt firing in a culture of fear. a large amount revolved around the company. in a statement to cnbc, corey says i can't imagine how people felt reading those messages in the past i am sorry for what i said and how i said it. it was wrong plain and pisimple i am working to be better everyday and i promise to keep at it for the sake of your employees and our customers. joining us now is the author of that article

sew zoe, thank you for being here. can you give us some of the highlights we were not able to hit there as far as what former employees were telling you of how the company trying to balance growth and managing employees. >> yeah, i think what employees are saying is they were being pushed to the breaking point over and over again, the ceo korey was going onto public channels barading them when made mistakes if you were dedicated, you would work 15 hours a day and get paid $40,000 a year and just show how much you love the company through that i think they're saying you know that's not fair. there is also this instance where employees, lbgtq, they

were venting the differeicultiea work when the ceo found out about it, she fired six people the comments they were making were about making little jokes about gender and white men at the company which they felt did not warrant an automatic firing without any conversations whatsoever >> there was one part in steph korey's response said this building a brand of 300 plus incredible employees in such a short time without some challenges that does not excuse any wrong behavior i wonder whether in your investigations, you have seen this sort of behavior which is not to be excused in other very fast growing silicon valley company or whether away is the only one >> we know that and we have seen it again and again away did have some unique

circumstances. not allowing employees to direct message and asking everything to take place on public channels and encouraging managers to be vicious and direct in their feedback to people those are things that we don't see at every company of course when you are growing really fast, you don't always have the time and resources to put processes in place does that make it okay i don't think so it is definitely more common and we are seeing more and more of that today >> we heard a lot about those companies we know about their growth, what about their employee turnover if the culture is so bad, what does that look like >> it is interesting because it is very hard to get numbers from the company i asked what's the rate of turnovers, it is normal, start

up people are leaving and people are being hired all the time employees at the company tells a different story. they would have new managers all the time and con stanstantly ge moved around all the time. they were not told anything about it >> do you think zoe, i know you mention slack and you talked about it in the article. that played apart in itself in making the bullying or whatever it is your ultimate accusation making it worse than otherwise it would have been >> bullying can happen on any platfo platform i think away specifically what employees told me was that it turned feedback into a spectator sport. one you would hear steph korey

typing and employees would watch and see what's going to happen i think that's pretty unique >> zoe, thank you for joining us >> tik-tok meet with lawmakers acg attempting to combat bi privy concerns a preview what to watch when we return

let's get to mike for the final installment of the dash board. >> less fear and more cheer in the markets after the rally. in the fourth quarter, the folks at b of a merle lynch. this is a composite reading of money flows pan other risk appetite swakters. we recently highlighted in october when it showed investors were very negative on a contrarian basis that was bullish. now the markets responded. popping up to the exact middle of the zone. haven't been in extreme bull territory since early 2018 that's when you say things have gotten overheated. still room for people to start to take on more risk feel better about the markets, more bullish

before it's too much i would say we're up there because this was before today's rally. arguably the jobs number and also another rally at 1% jump in nasdaq for example might nudge is higher. but clearly it shows neutral isn't bad when it comes to a tape that's acting well. >> that's a chart that feels exactly where i feel like we feel >> could go on. >> that sums it up for us a good one, mike. thank you. the up next the key inthgs every investor needs to watch heading into the new trading week when "closing bell" comes back

welcome back looking ahead to next week with we've got a slough of retailers set to report results. courtney is standing by with the preview. but first tiktok headed to capitol hill and julia here with more on what to expect. >> julia, wilf, the ceo is making the first trip to capitol hill meeting with mar sma blackburn who accused the app of paving the way for the chinese government to gain unfettered access to children's lives now tiktok is owned by beijing-based byte dance and denying shares data with the chinese government or censering content. it's facing a national security

review into acquisition the music lee the app turned back to tiktok and it settled with the ftc over illegally collecting information on kids. and this week it settled another lawsuit alleges violation of children's privacy laws. back to you. >> thank you for that. courtney has a look at retailers reporting next week. >> crazy for retail tors report in december. stitch fix out first after the bell monday. expected to report a loss on revenue growth around 20%. watch the active client metric it grew 18% last quarter but the company expects a softer result this time around. lulu lemon on wednesday shares up 90% year to date. any sign of weakness could shock the stock. expectations are losty last quarter it beat and raised guidance and many call it a early holiday winner kostka of earnings thursday. expected to grow 6%. no black friday in the quarter because of the shifted calendar. but any commentary around the

holiday season we had a showing a big surge in costs for costco. >> also pointing out next week, a lineup of guests i have on deck from the goldman sachs financials services conference which is here in new york. howard marks, john waldron, keosong lee. and brian moynahan he is coming that morning particularly good timing mike we mentioned a lot of risks next week in terms of ecb meeting. >> yes. >> uk election and december 15th tariffs falls next week. >> obviously headlines could test the tape a little bit i think it's logical that we took back some of that decline, most of the decline we got early in the we can but stopped just short of blasting to new highs the market sometimes reprices in an orderly way when it's treating macroevents, known

macroevents especially going into the weekend we have the december 15th tariff deadline it's on a sunday who knows if we go down to the wire or not i think the headline sensety is there but the market is in a good place. >> we did end the week high for the week as a whole on the s&p 500. that does it for "closing bell." "fast money" begins right now. indeed it does live from the nasdaq market site over looking times square this is "fast money." i'm tyler mathen in for melissa will lee traders tim seymour. steve grasso brian kelly and guy adami. tonight on fast, apple and alphabet, a pair of a's rocketing to all-time highs to close the week how to trade the sector that seems to go no where but up. but home builders have a millennial problem and may not be what you think. we'll have a look at the impact on the housing mechanic. look at the mystery chart, a different day than the rest of the market oochlt red there steve breaks down why he is keeping his