adversaries, china or russia, would be >> john carlin, a good analysis on a very important topic, especially given their vow of revenge. appreciate your time >> thank you >> markets doing their best to turn around. turning positive "power lunch" begins right now >> good afternoon, everyone. thank you, brian i'm tyler mathisen and here's what's new at 2:00 on "power lunch. wall street on watch gliding above the fray basically. as tensions between iran and the u.s. are on the rise and the next threat could be as john and brian were just talking, a major cyber attack. we'll talk more about that this hour, now it is also the stock made of steel. the company up more than 30% in the past three months. makoing a major comeback we'll talk to the ceo. the stock was much higher earlier in the day it has settled back a bit. we'll ask why and find out and

this is not a drill. gwyneth paltrow will join us after announcing her new show with netflix "power lunch" starts right now >> and welcome to "power lunch." let's take a look at the markets now. the dow well off the lows of the day. still just barely in negative territory but earlier, down more than 200 points. the s&p and nasdaq have now turned positive and check out shares of alphabet up 2% jumping to a high after pivotal research calls the tech giant a buy. let's get started with bob pisani at the new york stock exchange for more on what's moving those markets e today >> this is different than friday, contessa again supporting the idea of these kind of events while emotionally disruptive have limited economic impact. that's what the market is saying so like friday, the low is at

the open here's friday and here's today there's the lows friday though, we saw a move to the upside in the middle of the day now, we have been slipping already. we are not slipping. we are holding up here late in the afternoon you can thank big cap technology stocks. the biggest stocks in the s&p 500. apple's now positive google's, alphabet's having a terrific day on heavy volume there's been options activity in the last few days. amazon and facebook have turned positive when these guys turn around to negative territory into positive territory, that's a big help to the s&p 500. industrial stocks hitting new highs now. down on the day, but rates on lockheed martin at new highs general electric was $11 on december 31st. again, also some options activity here moving those stocks not a perfect day. the transports have been hit ch jb hunt got a downgrade at bernstein. concerns of weakness, softness in the freight market overall.

these are the expediters various companies that are in the logistics business you could have weakness in the fright market. coal for example and not have an overall impact on the economy overall that can influence the overall economy. line, we've turned positive and that impact from iran seems to be fairly limited at least for the moment guys, back to you. >> bob, thank you for that let's talk u b about iran a little bit iranian president rouhani has responded to president's trump's tweets with one of his own eamon? >> that's right. the president taking to twitter to respond to the iranian. they suggest ed over the weeken they would no longer abide by the key tenant of the nuclear deal the president tweeting today in all caps saying the iranian will never have a nuclear weapon. but otherwise, i have to say a relatively quiet day here at the white house. we haven't seen the president on

camera today we're not expected to according to the official schedule in the absence of any provocation by the iranian, the president is likely to remain behind closed d doors. he did participate in a ceremony for a number of ambassadors. that held in private here at the white house, so a low key president trump as we go into the afternoon after putting out some of those warnings to the iranian on twitter this morning and the tweet you saw later in the day. it's been relatively quiet here from the president of the united states >> eamon javers, thank you >> you bet >> let's dive deeper into the iran crisis as tensions run high between d.c. and tehran. joining us now is rhonda slims, senienior fellow and director a the middle east institute. good to have you with us where is the trickier situation? is it between the u.s. and iran or the u.s. and iraq >> well, it's definitely between

u.s. and iran. but also it is at some level between the u.s. and iraq. but the more dangerous confrontation that can unfold in the future between the u.s. and iran i, look, there will be a retaliation from the iranian once the supreme leader says there will be a retaliation, that means the system will have to obey and there will be a retaliation. the question is is when, how, how long it takes to up fold what we heard from the iranian officials and people close to them is that this is going to target military installations because that's how they define proportion proportionalty one of their military guy was gunned down. now how it's going to unfold this retaliation, is going to be through cyber attacks on military installation or is it going to lead to human losses? to physical losses to physical

assets that's what is unknown however, we have a situation on iraq we had the counsel of e representatives yesterday meet and vote on a decision to ask the removal of the u.s. forces from iraq. and we heard today that the iraqi prime minister met with the u.s. ambassador to iraq to start agreeing or working out a joint plan that will allow withdrawal of u.s. forces so things are moving. >> let me jump in and ask two quick questions. as you sort of handicap the ways in which iran might retaliation, it sounded as though you were posing an either/or. either cyber attacks or physical attacks against human assets or military why couldn't it be both? why won't it be both >> no, i think it can be both. i think they can use a number of tactics. the question is going to be proportionally and how they define it because the last thing they want is to have the u.s. respond in a disproportional way

that can lead everybody into an all out war. iran does not b want an all out war. so they're going to kl brat their response in a way not to invite the kind of response that will drag them into an all out war with the united states and that will involve a number of tactics and some of them could be cyber and some could be just assaults on military assets. >> i'm just curious, we have news now that china has urged calm that says it will be relentless in trying to save the iran nuclear deal from falling apart. how much pull does china have in middle east politics >> look, china has been now you know, trying to cause a bigger niche for itself in mideast politics they have been focusing mostly on the economic aspect of bilateral relations between china and different countries of the region there was expectations you know from the u.s., but also from europe for china to play more of

a role in the political space of maybe m middle east region. i can see them trying to get the play the party because of the threats of economic interest in the region >> who runs iraq rhonda who runs it? iran or iraqis >> right now, right now, iraq cabinet but based on the position yesterday it's very clear that iran has a large sway and influence over how decisions get made in iraq >> all right thank you very much. we appreciate your time and insight today. >> thank you >> you bet stocks do seem to be shaking off fears of escalation between iran and the u.s the dow was down as much 216 points at today's session low. let's bring in michael thompson, a global market strategist with

wells fargo. welcome to both. michael, let me begin by asking you u on friday when the initial response, the market was down a great deal but it ended down what i would call, a normal day down. wasn't down that much. equities weren't and today, stocks are basically flat. is the market discountry counting the heightened risk appropriately or not >> it's how i see. sometimes it's hard to explain the vagaries of the market, right? what we know is this there's a lot of speculation investors, well disciplined investors, focus on facts. we are in a place in the market where the facts indicate the economy's looking e pretty decent we're coming into a relatively positive earnings season and as long as interest rates remain low, there should be the ability to continue to see the trend we've seen for the last year or two. >> so focus on what you would

describe as the knowns, the facts, rather than the unphone knowns earnings per share corporate profit growth more than this. >> indeed. that's what you want to talk about. so let's talk about this quarter. we're about ready to enter fourth quarter the good news we're at the end of that artificially inflated high comps that came from tax reform that vex ed the market all last year okay, so even though current expectations now are down 1.5% growth for the s&p 500, those numbers will come in higher. it's unlikely they will be below. earnings growth. year over year, same quarter so that's good news. the better news is that the next couple of supporters are even hard e, 4, 5 and 8%. we're going from a year where we had basically .4% growth currently where the estimate is. we're looking for growth of 8%

so that's good o absent interest rates. >> so why the hell did the market go up 30% if earnings were flat? >> you know, there's a lot of different factors and there's a lot of different answers to that, but one of the big ones is just what you get from the alternatives as long as you have low interest rates and you have the s&p 500 give iing you a 2% dividend and another 3% in stock buybacks, you're getting 5% of earnings growth right there everything's relative. if you look at what you can get in the ten year and if you have a ten year below 2% -- >> where else you going to go? >> exactly >> let's talk about where we were and where we are. we ended the holiday season talking about a phase one trade deal and a lot of optimism for 2020 we start the new year with this news about height b bed tensions in the middle east does that change your calculus and outlook for 2020 >> for us, contessa, when you

have these geo political event, you have to determine what's going to be a factor on the economy. what's going on the effect then ultimately on earnings and right now, the stock market is telling us that you know, it doesn't believe that we're going to see the price of oil scream higher oil's down for the day the last time i looked and it's within the 55 to $65 range that we've been expect iing for year end 2020 so the market's not in panic mode and what the it's all about. you know, higher oil prices, higher gasoline prices gives consumers less money to spend on discretionary things. so really for the market, it boils down to some pretty simple things is this going to hurt consumer spending is it going to jack up corporate expenses is it going to damage earnings and right now, the market doesn't think a whole lot of that is going to happen. so you know the modest growth, modest inflation environment

that really has been in place for a number of years here, fed not making a mistake easy central banks not much of a chance for recession. zpl what does that mean for how you'repositioning portfolios >> here's what we did. last year, as the market ran up, we've been leaning cyclicly, industrials, technology, consumer discretionary for years. we also like financials. we backed off of industrials we thought the stock market end ed the year slightly ahead of what we felt fair value was. we think it will be close to here at the end of the year. so what we've done is we took some risk off the table. e we raised a little cash. and then this year, we continue to like technology, we continue to like the consumer discretionary sector we like financials we don't want our clients hiding yet because we don't think this expansion is over and really opportunities are going to come in the form of volatility. you look over the last 18

months investors had lot of opportunities to buy stocks at much lower levels than we are right now. so based on our macro outlook. >> and yet they didn't yet they didn't buy. they took money out of stock funds and poured into it bond funds yet again. >> we're dealing here with a lot of retail investors. retail investors in our opinion any way, they've been sitting on way too much cash for this entire rally and we've come to think about seeing some of the stats we've seen not only have they been overweight cash so to speak, underweight technology. and technology was up 47% up last year. you guys talk about the market up 45% i'm not up 30% you've got too much cash you aren't exposed to the right sectors. >> gentlemen, got to leave it there. michael, thanks for coming out and scott, thank you as well >> coming up, as tensions heat up with iran, cyber attacks seem

to be the most likely source of retaliation. how worried should americans be? plus, mcdonald's taking steps to fix its party culture. the new ceo trying to clean house about his predecessor being fired over an inappropriate relationship "power lunch" back right after this at fidelity, online u.s. stocks and etfs are commission-free.

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well the dow has turned positive in iran, tensions are heating

up many experts fear iran could retaliate against the united states with a cyber attack this is sending stocks like crowd strike higher by 8%. with us now to discuss the likelihood of iran waging cyber war with and on the united states, what damage could be, david kennedy, president of trusted sect it's good to see you today, david. >> thanks so much for having me on >> give me a sense of how the risk has changed because of the promise of retaliation by. >> we've seen in the past where iran has used cyber capabilities to inflict damage. saudi aramco the final crisis in 2011 and 2013 they use capabilities to try to change political stances around what the united states does towards iran and it has an absolute capability of inflicting substantial damage here in the united states with its capabilities it recognizes it can't fight us

on a one-on-one war with boots on the ground, bombs and things like that. we anticipate them using cyber as a main method >> and some members of how they term it, iran's cyber army, may be responsible for the $500 billion in economic damage caused by cyber crime in 2018. that's march's estimate. compared to $300 billion that was lost in economic damage because of natural disasters and yet when you look at what people are spending in the united states on cybersecurity insurance, $4 billion as opposed to $180 billion on property insurance, it's clear that at least in the united states, we're underesting the risk of cyber damage how does it change if qulour looking not just at cyber crime, but cyber terrorism? >> that's right. most of our risk models we look at for businesses and organizations are trying to stop

things like ransom ware where they would hold our hostage. they don't equate things like when a war o u curs and the damages that could be inflicted. you look at the capabilities, there was an advisory that came out yesterday from dhs where they're advising there's a higher chance that iran will retaliate from a cyber per speck tiff on the united states. from a cape bableties perspective, iran could potentially hit water treatment facilities, financial sectors, things we use every day here to cause fear, uncertainty and doubt and hopefully cause a policy change or shift in tactics overseas that they can do to inflict damage here. you're talking about shutting doung corporations and companies. deleting sensitive data. one of our biggest strengths here is our intellectual property there are so many things iran has at their fingertips to do and we're really not building that into the risk to really try to combat that >> so let me ask you probably a

difficult to answer uestion. in terms of commerce, in terms of infrastructure, how much more vulnerable are we today to cyber attacks because so much more of our commerce, so much more of our infrastructure is involved in the digital world, is in the cloud. whether it's electronic banking or whatever and how much better prepared are we today than we were say ten years ago because companies, infrastructure companies, chase manhattan bank, bank of america, they understand they're that much more vulnerable >> companies have definitely taken more of a understanding that cybersecurity is something they need to do in order to conduct business but we're still grossly undermated to handle nation state attacks we were talking about th resources being thrown at these organizations in iran, china, russia, north korea for example of some of the larger adversaries.

most companies are not acclimated to handle that kind of sophistication or direct target attacks against our infrastructure really the crux here if iran wants to inflict damage here in the u.s. economy, most organizations can stop the organized crime efforts we have here, not nation states. >> thank you so much for sharing your expertise with us appreciate that former hacker for the nsa who knows a lot about this i wanted to mention, we're rolling out some coverage about the risks that businesses will face in 2020 cybersecurity a big deal and the experts are telling me that that not just these big companies you might think of course google is under threat. small companies are more vulnerable because they don't have the resources >> they don't have the budget to invest in scyber defense. >> and cybersecurity insurance, when you get a policy, they send

experts out to evaluate your individual risk. for businesses of any size, but not something to just be ignored because you happen to be a small business owner if you're worried about escalating tensions between the u.s. and iran, you should be protecting your port fofolio? should you do it with gold it's up 7% in a month. will it go higher? plus, again it paltrow is going to join us a big day for her company. what did you think of ricky gjeervais -- wait, wait, did yo see her dress or what there was 'l it? wel get her thoughts on all of it coming up. i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades.

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welcome back to "power lunch. check out gold surging to its highest level in nearly seven years. let's bring in your trading nation team today. craig and boris. craig, gold is up over 100 bucks. about 7% in the last b month obviously a good uptrend but is it running too hot just yet?

>> i don't think so. and interesting how gold's the opposite of what you're seeing with equity markets here you would think that with the middle east tensions, you would be seeing equities off and gold going up you're actually seeing both going up at this point in time i look at this chart in gold and it looks like when you trade as high as 17 60 so i don't think this trade is over and i would have little slice of this in every e everyone's portfolio >> boris, not only are we talking about geo political issues, but we have real yields around the world how would you view it? >> been rising before this tension with the fed balance sheet. that's the key relationship. vongs the sheriff long the questioned keeps thumping, gold keeps rising i'm going to steal an idea new monte mining raised their dividend to 2.4% the only guy buyer in the s&p

500. if gold starts to run, it's going to be brought on by the institutions that's an interesting way to play it. but overall, it's a dip story for the time being until the fed starts getting tight >> all right we'll see if that's what does it this time around craig and boris, thank you very much for more trading nation, head to our website or follow us on twitter at trading nation. tyler, back to you >> ahead, a celebrity power player gwyneth paltrow will join us next to discuss her new series in partnership with netflix and other businesses she's involved in plus, three big stock stories. apple, boeing, mcdonald's. the details in the rundown and shares of this committee going from up to not today giving up its gains. we'll have the keon with us to react. all this when "power lunch" returns. >> and now, the latest from trading nation.cnbc.com.

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welcome back here's your b cnbc news update the los angeles county district attorney has filed criminal charges against harvey weinstein in connection with at least two instances in which the hollywood producer allegedly sexually assaulted women. the charges come on the eve of jury selection in connection with a rape charge in new york >> we believe the evidence will show that the defendant used his power and influence to gain access to his victims and then committed violent crimes against them if convicted as charged in the case, he faces up to 28 years in state prison >> democratic presidential candidate michael bloomberg is hiring 500 more staffers in more

than 30 states as he focuses on super tuesday. he now has 800 staffers on his payroll. additionally, he has spent more than so $100 million on advertising. and last night's golden globes telecast was the top rated entertainment broadcast since the oscars last february although the ratings were slightly lower from last year. the show had more than 18 million viewers overall. cnbc full disclosure is part of nbc universal. that is the news update this hour ty, back to you. >> thank you very much stocks staging a bit of a comeback today the dow is a little negative right now. it was however down more than 200 points at the lows of the day and the s&p and nasdaq, they are hire right now in the green by fractional amounts but take a look at the transports they are down about 1% as bernstein downgrades jb hunt to

a market perform >> hollywood royalty agagwynet l paltrow announces she is a new show on netflix that takes a deep dive into her company julia boorstin is with her right now. >> contessa, thanks so much. that's right f i'm joined now by the ceo of goop thanks so much for talking to us today. >> thanks for coming >> so we have a bunch of different pieces of news to discuss, but first, your first netflix show, the trailer, has gone viral it shows you talking about everything from sex to psychics. how does this fit into your content and media plan. >> we're always trying to expand our footprint and audience and when the opportunity to do the show came up, we thought it was an incredible manifestation of taking our content tout to a different platform

it's off our channel and on this massive channel which is netflix and we're so excited about the show >> so you've of course made many movies and appeared on glee, a network show ma what made you decide to partner with netflix as opposed to one of the other streamers or a cable channel? >> i think e netflix, the way they think b about content, they're very bold in their content creation and they understand the audience really well and obviously they've been at it the longest so they have incredible data to understand what how we can kind of shape content, what the audiences, et cetera they're super sophisticated and really nice, cool people >> so another big announcement for you today. you're going to announce here on our air that you're bringing your products to the mass market with a partnership with sephora. tell us about the strategy and what you're doing. >> i've always thought of them as a real innovator in the beauty space and they're the biggest retailer on the planet

but they do it with a lot of cure ration and they're so incredibly beautifully cust her focused and we've been wrestling with the idea of if we should have a wholesale partner or keep it all direct to consumer and i think when the sephora opportunity presented itself, it was just too good of an opportunity to reach a new customer i think we've been so defining in our we've articulated our clean beauty platform. it's something they've been very open with us about how they love you know what our platform is and so i think it will be great partnership and we hope to reach a whole new audience >> so your products, your beauty product, skin care, are considered high-end. they're not inexpensive. how do you think of bringing it to the mass market, does it mean there's a broader audience, will you be lowering the products >> our wellness and beauty products and there's a big range of price points within them.

as we continue to grow and get more economies at scale, we always hope, we're very price sensitive. our raw ingredients are very, very high quality and expensive when you're using a lot of plastics and synthetic, that's how you're able to keep the price really low we're aware of the customer and potential customer and our desire to really connect with that customer. that once clean efficacious holistic beauty. >> another announcement which you're going to make later this week, but give us a hint of it you're partnering with celebrity cruises to bring your events business on to a cruise ship >> right we're going to test that out >> so tell me about your events strategy in general. you've had thousands of women pay over $1,000 to have these in person events. how does this fit into the broader picture of what goop is

and what you're el selling? >> the thing we've noted most is our events have created such an amazing community and women who are really like minded and want to get together to explore and be adventurous about themselves and their own lives and their external lives as well so we like to try to bring events to different cities and countries. and we thought it could be a really interesting opportunity to you know bring goop to where the audience is in spain or france and sort of test out a different events product >> so you have events, commerce, content. what company do you see as your biggest competition or as an example of sort of a role model to what you're trying to do here. >> i mean i never think of us having direct competition. i do think that you know, most digitally native companies are now experimenting in real life and i think you need that kind of completed loop of content and commerce and experience to kind of touch the customer in a

multipronged way you know u, it's funny we're just talking about bob iger before the cameras started rolling. i've always looked at disney as a company with all these incredible lines of business coming out of the content. obviously we're much different, much, much smaller but i always like to disney as my north star of content as the driver of an important and impactful business >> as you grow the business, what's your plan are you looking to sell it do you want to take it public. >> are you buying? >> almost two years ago, your valuation was $250 million so what's the big picture plan here >> i'm really focused on getting it to scale. this is really i think 2020 is really our year of optimizing. we have incredible audience that comes. i think it's really about conversion about honing how we do things from a digital product perspective. and you know we have a lot of

way before we get it to scale so i'm not thinking b about selling it yet goop has not been without controversy. over the years, you had a settlement you have doctors criticizing you for the way you're promoting alternative practices how do you think about the continue vroversy b about how is changed your approach as you get into regulated things like vitamins and how you use that controversy to grow your aud u yens >> i think when we were a little start up and didn't know b about claims and regulatory issues, we made a few mistakes back in the early days, but for over a year now, we've had an incredibly robu robust science team in house it's led by an mit scientist and we're very focused of course on you know backing up the things we talk about with scientific claims when necessary or being able to say like hey, this is just for your entertainment. but it is really important it's like people say sometimes

we'll talk about something and they'll say that's controversial but then in six months, it's more widely adopt ed thing to generalize and say there's been controversy around us i don't think is quite fair especially when you look at other businesses and some of the hot water they've gotten into along the way. like we're really just trying to move culture forward especially as it comes to women and i think the reason why goop has become as popular as it has become is because women feel large ignored when it comes to talking to their doctors about how they're feeling so they are wanting to kind of check out alternative ways of healing and having autonomy over their own health and selves and sexuality and relationships. whether it's parenting or at work et cetera i think we feel really proud about the fact we're blazing trails a little bit and that we changed the conversation and

that people seem to follow suit. >> and expanding your content now, you have a vertical for men as well. the question about the golden globes last thigt, you of course presented and there was a lot of jabbing by the host both at the tech industry, some jokes at the expense of apple as well as facebook and about hollywood what was the vibe in the room? >> i think the vibe, it felt pretty good. he was pretty, you know, in comparison to other years, he was pretty tame. but i actually thought it was a th nice, it was a nice vibe and he's hilarious that's what he's there to do to cause trouble and stoke that northern, southern california rivalry. >> which do you prefer acting or running a company? >> oh my goodness. what do you think? >> running a company, i much prefer it. >> thanks so much. really appreciate you joining us ceo of goop. guys, back to you. >> wait a minute, just to be a

girl about this, what does she want to do with her dress now u that it's been all over the internet the dress. >> there are a lot of questions about your dress the designer, it was fendi >> bulgari jewelry ass by tracy anderson. >> a lot of kudos to your trainer. >> a lot of help top to bottom. >> rent the runway >> thank you guys, back to you. >> thank you very much gives me aspiration for 2020 aim for something. >> all right, coming up. normally teflon apple gets ripped as julia hinted at at the golden globes, so does boeing need cash and mcdonald's has a party culture. those are three big down as im we'll talk about when you and we come back. - at southern new hampshire university,

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three major companies making headlines and the biggest moous in the dow today let's break it down with steve grasso and let's start things off with apple. downgraded today apple was also put on blast at

last night's golden globes ricky gervais accused the company of running sweatshops in china. >> you say you won't, but the companies you work for, apple, amazon, disney if isis started a streaming service, call your agent, wouldn't you so if you do win an award tonight, don't use it as a platform to make a political speech you're in no position to lecture the public about anything. you know nothing about the real world. most of you spend less time in school than greta thorn burg so if you win, come back, accept your hit l award, thank your agent and your god and -- >> any real damage there >> no, i don't think it was any real damage. i think the biggest take away is people realize it was just a joke i think people understood it and people in the room, it got a little awkward while he was giving the sweatshop tag to it, but i don't think there's going to be any damage apple story is about multiple

expansion. that's why the stock should move higher that's why i'm currently long. i think if you look at the last sale in apple stock, you could probably move another 10% higher from here until you run into those price targets. i'm going to stay long about sfs becoming a bigger part, a contributor to revenues. >> the downgrade was from strong buy to buy and they raised their price target in the downgrade to $350 next we have boeing with the stock falling today. reports the company considers raising more debt as the 737 max crisis continues what does that do for them >> so for the last time they raised debt, they basically had two downgrades from since then and it's done nothing to their borrowing costs. i would say it's a great time for them to raise money. i would not be a buyer of the name i'd be in and out of the name over the years

the stock has doubleded and tripled. i've been out of the name for a while now and i think it's way too much headline risk and if it breaks support on a technical basis where it is now, it can fall quickly another 10% lower from here. zpl okay finally, we have donald's soaring shares the journal reports the new ceo is taking aim at the company's party culture. apparently, there was you know some pushing of the envelope or the limits at the very least can this make mcdonald's more profitable, successful and efficient? >> i think they had to do what they had to do ever since steve's departure. if you look at the name, we're asht $200 right now. this isn't a technology story. so when you look at dynamic yield or the latest company they bought with voice recognition, it's a about improve iing the dv through. 70% of profits come through the drive through in mcdonald's. i think still worthy of your investment dollars and remember look at the chart you're looking at right there

off the bottom you see, it's up 7% from easterbrook's departure. this is where investors have weighed in on the name and they realize they want to put more money behind it. i think it's still a safe bet. >> the stock up almost a percent on the you, steve. >> thank you. right after the break, despite a knockout how quarter, shares giving up all their gains today, and we will ask the ceo for perspective on that, next. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

welcome back to "power lunch. rick santelli live here on the floor of the cme group everybody is watching markets for any signs, any clues not only how 2020 and the economy domestically and globally will fare, but of course geopolitical situation. if you look at a three day of ten, certainly rates have come down, but they were on their way down we're not near the lowe yields finally, if you look at the

spread, and this is interesting, flattened rather dramatically, but they seal to be at solid levels finally gold whether you look at it august or zoom it back, gold was definitely responsive. with interest rates so low, it's the market of choice when there's any -- globally. contessa, you were talking earlier about how markets of moving, but in the end they're not moving ow lchrerninwo minutes. i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward.

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welcome back time for our stock du jour commercial metals stock was higher by more than 7% before given up the gains the stock is now down to a percent and some change. barbara, nice to have us with us it's down a bit today, after being up 7% earlier on the results, was it something you said on the conference call? why would the investors get gun-shy so quickly >> well, i don't think it was anything i said. i think i was very optimistic for 2020 perhaps there's some profit

taking, and as you said, the stock is up 30% year over year, so i'm sure as the quarters roll out and we continue to post great results, folks will come back in. >> can those great consults be sustained? or was 2019 in any sense a one-off? >> i don't think it was a one-off. we've got executing on a number of growth strategy, a very large acquisition aiers, and the integration was executed extremely well last year now we have a full-year benefit coming. we also had organic growth projects that have been under way. those are yielding dividends we still see potential up side with that recent acquisition can the metals sector continue to perform as well as it did xhuvl metals up a lot.

u.s. steel down, ak steel up, really generally good performance. are the fundamentals there to power that performance in through 2020 >> well, commercial metals company is a bit unique. we are specifically a long products producer. we have a very concentrated product base our primarily end market is construction, non-residential construction and public infrastructure we still see really good demand fundamentals in our sectors, in our end markets. contrasted with some other sectors that the steel industry, which may not be enjoying such good fundamentals. >> so your point is it's really company-spokesque. if you're doing what you do, you have certainly tailwinds if you're doing by what other companies do, by virtue where they are in business, they might

not do as well a final thought here what of the recycling business that's a quick part of what you do quick answer. >> yes, that's part of what we do we collect and process a large part of our raw material needs that gives us a stable cost structure and makes sure our melt shops are always operating. >> barbara, continued good luck. and thank you for watching "power lunch.." >> "closing bell" starts right now. welcome to "closing bell." i'm morgan brennan on the floor of the stock exchange, you can see that stock is up helping drive tech higher, giving other software names a boost as well we'll tell you why. and good afternoon i'm wilfred frost. energy now the top performing sectors, and some british analys