common elements in the world tends to be found in weird out of the way places. colin thank you very much the dow is up 182 points more new record highs. the market despite dprgeo polita concerns ch we'll see you tomorrow "power lunch" starts now >> thanks very much. welcome, here's what's new at 2:00 on "power lunch" for a thursday stocks at record highs and we are on the doorstep of dow 29,000 but with earnings just around the corner, can the bulls stay in charge plus, big retail names getting hit hard today we'll tell you what went wrong or not right and just how bad things could get for the group and for individual names and later, starbucks is heating up the stock higher as one analyst says it is heading back to all time highs and beyond he will be here to make his case as "power lunch" starts now.

>> check out your 401(k)s because the rally is back on dow up nearly 200 points and we're closing in on 29,000 let's check out boeing here's a stock up as much as 3% on reports that iran may have been responsible for the downed plane this week. initially, the reports were that it was a technical glitch or engine failure those reports have been a bonus to boeing. we'll have more on that in a minute >> contessa, thank you very much earnings season is the next hurdle this market has jump and it starts soon lots of hopes being rested on the you are quarterly reports. it starts flooding in next week led by jpmorgan, wells fargo, citigroup, obviously the big banks leading the way.

bob pisani joins us with more. >> the good news is that we are continuing to rally even today because the markets are starting to believe this magical combination of a strong u.s. consumer, a trade truce, a friendly fed and bottom line global growth will produce an expansion of earnings in 2020 after a flat 2019. the bad news is stock prices are going up, but earnings estimates aren't q4 estimates are now slight ly negative essentially and that's a bad sign here they have been coming down fast even as the s&p 500 stays a 12% rally in the fourth quarter u. prices up, earnings down, that means the multiple is climbing fast and that's what's got me worried. on january 1st year, stocks were cheap. well below the norm. roughly 16 is the norm

today, it's 18.4 this is the higher end of its range in the last 20 years the implication here is that any negative factor that ree emerges is going to crop drop the markets fast and it could be anything the fed, it could be trade or it could be some downturn in china, europe market's very vulnerable right now. guys, back to you. >> in a recent survey, they say this market is overvalued. 82% anticipate taking more defensive actions so should you be getting more defensive? chief market strategist eric friedman is chief investment officer with u.s. bank wealth management gentlemen, good to see you today. oliver, let me begin with you. it's not just the cnbc's cfo survey showing this as well.

you've got world bank downgrading the global growth by .2% where do you think we're heading for 2020 when there's so much. >> peter: pessimism? >> i would discount that a little bit also it's a question of when you ask the question because over the last 45 day, we've seen a lot of positive developments our best case scenario is that trade turns out, global growth picks up slightly compared to previous estimates and earnings come in fairly strong for 2020 because comparisons to 2019 are relatively easy. so we see high single digit returnsfor the year in equities but we favor staying relatively defensive or at least sticking with higher quality names where you've got strong earnings visibility, margin expansion and yld ideally taking market away from competitors

>> eric, what do you think b about not just the economy slowing, but the stocks are overvalued you heard bob talking about how dramatically we've seen this multiple expansion over the last year or so where are you seeing 2020 in the portfolios >> we have some optimism b about earnings for 2020. agree d that last year was more of a flat earnings environment but multiples expanded we think we're going to see revenue growth the biggest enl we have is looking at data across the glob and one thing we see is an improvement in parts of europe u and most pronounced in emerging markets. that's different from this time last year, so we think this is likely to be still a single digit type of growth environment but still a healthier one than last year, so we're more optimistic i would like to say in terms of the survey, if you look at duke university's survey, the national fed documentation of independent business, sh both

are more constructive especially in the last 45 days so there's reason for some optimism on the krrk fo front. >> given your view of the market for 20, where would you put money? what kinds of stocks, what names? >> bristol miyers squibb. we think that's a good place companies like intuitive surgical a decade ahead of their competitors. we think robotic assisttive surgeries are going to continue to grow. and adobe. it's moved to a subscription model. companies that again have strong balance sheets, strong visible earnings growth and when ever possible, fall to the category

of what we call compounders where there's a dividend growth component, share buybacks, things that allow investors to compound on the growth beyond just earnings growth >> eric, what about you? >> are there particular sectors you like and how do you see the domestic opportunities versus say emerging markets >> we think technology remains the place to be. we're really warming up to emerging markets a space that didn't hit highs and hasn't made new highs since january of '18 we think the mortgage rates are also interesting >> thank you so much >> shares of boeing. thank you, guys. boeing moving higher, helping to

send the dow to new records. we have been talking about all day. reports now suggest that the ukrainian jet that crashed in iran earlier this week may have been shot down phil lebeau has more >> that's the conclusion of the pentagon sources within the pentagon have told nbc news that satellite evidence leads them to conclude that iranian missiles did take down the ukrainian airlines plane. this happened early morning tuesday. right after the u.s. had experienced the rockets that had been coming into iraq. there was some sense that there might be a retaliation so the belief is that this was a mistake. there may have been somebody who decided this might be a u.s. missile or some type of attack and accidentally shot it down. by the way, iran dismisses this. here's the president today talk

ing about this incident. >> i have my suspicions. i don't want to say that because o others have that also. a tranlic thing. flying in a frit rough neighborhood and somebody could have made a mistake. some people say it was mechanical i penlly don't think that's even a question >> this is the conclusion that a number of aviation crash investigators have reached on their own for a number of reason, tyler. when you lock at the debris field, which was scattered, telemetry data went away immediately. it is not a case where the pilot is trying to communicate with people and it crashed less than two minutes after takeoff so again, nbc is saying sources within the pentagon tells them satellite data leads them to believe this was an iranian missile that took down this plane. as you take a look at shares of

boeing, the stock has moved back on this today, but also remember, there's other news regarding boeing that the investors are trying to digest and that includes the fact there's a downgrade of the stock largely because of the 737 max and that, the max story, continues to be what is driving shares of boeing >> you remarked on the debris field. is there any evidence within that debris field or any physical sign that rockets were fire d at this aircraft >> social media, there has been a photograph floating around on social media saying there's a rocket warhead here that has been found in the debris field that has not been confirmed by any rep tabl sources out there so whether or not there's true evidence it's hard to say, i should point this out that when you talk with the crash investigation experts who have done a number of commercial accident, they point to the fact the way this plane broke apart

is consistent with what you might see with with a missile attack >> you have quite a new canadians aboard this jet, as well as europeans and other foreigners we heard the canadian prime minister speak out about this. is there any indication that if iranian investigators are unable pau to work with others that they would work with another international team >> they are supposed to. they are supposed to work to look at the black box, analyze the data, et cetera. whether or not it's through sending it to france or somewhere else nobody knows for sure what's going to happen for here remember, iran, they control the black box so it's up to them they've said yeah, we're going to work o with the canadians and ukrainians and other, whether r r not they let them in remains to be scene. >> thank you, phil coming up, holiday season numbers are out. a few retailers taking it on the chin today we're going to take a look at the losers and winners coming

up starbucks getting an upgrade in part thanks to growth in china. we'll talk to the analysts who made that call after a short break on "power lunch. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free.

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welcome back oppenheimer calling starbucks its top pick growing sales thanks the to mobile orders plus a boost in international sale, particularly

in china the stock is up more than 2% today and more than 40% ina year here now is the analyst behind the call jeffrey bernstein of barclays. good to have you u with us >> thank you >> let's talk about china because i thought for a while that china had softened for starbucks. has it rebounded or was i erroneous in thinking it had grown soft >> it had softened a year or so ago and there was concern b about ramped up corp. tigs from local players, but they've responded in kind and continues to pursue more of the premium consumer in the past quarters, trends have improved and seems like they hit an inflection point this quarter comps seem to be holding in nicely positive. otherwi otherwise, it's about new growth >> how important is china to the overall picture? >> china is a meaningful component to that story. there are really two regions we

focus on the u.s. and china and china is their only market where they own and operate 100% of their stores so the it has an outsized impact on their profitability so very important market for them >> it's all o and o as opposed in the united states, where there are some kiosked that are licensed >> in the u.s., 44% of their stores are licensed to somebody else so it takes away some of their vulnerability, but in china, the 4,000 stores they have, they own every one of them >> where are thclicking in the u.s. i know about the mobile story. i use it i think it's a big growth driver not just for starbucks, but for a host of fast food or beverage companies. >> yeah, no, mobile ordering is is key, especially when they're really busy, 7:00 to 9:00 or 10:00 in the morning the loyalty program has 17 million members. that's still a small fraction of

the number of customers they have new beverage innovation is the primary driver of cost for them. food continues to be a modest contributorer. so vert variety at their disposal >> i was really surprised to see that the starbucks card is so important. that the usage now represents 46% of all transactions. how important is that to increasing this digital momentum >> it's critical as consumers see that others are walking into the store and pick ing up their beverage right away and they're waiting in line of five or more people, you can see how quickly they're incentivized to join the program and pay with the card you get a faster transaction easier, you can get rewards off of it. t only natural see, especially in the morning, you'll see a will the of our breakfast and beverage players pushing loyalty like that. >> you cover a lot of restaur t

restaurants in this space, but i'm interested in dunkin' donuts and whether they're doing things to give starbucks a run for its money on this reward thing or are these just two totally different lanes? >> i think it's a bit of both. they've taken notice of th success starbucks has had and they are similarly pursuing dinl tall and loyalty and having success with it as well. you know they're still a much smaller brand in the u.s. and tend to target a slightly lowerr income consumer than a starbucks. >> dunkin' is mostly franchised? >> good point. it's 100% franchised, so every one you walk into is run by a local operator so they're less vulnerable >> thank you very much we appreciate it >> come up, our traders talk on

tesla. the stock everybody is talking about. it's nearly doubled in three months can elon musk keep working his magic? and the huge move has pushed noah cindsyndergaard. things aren't going so well for e odenny frankel's team and also thgo work she's doing to help fire victims in australia don't go anywhere. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. - [spokesman] if you've tried colleg(group cheering)shed, snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu

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welcome back to "power lunch. tesla losing some speed today after long time bo talk a backseat analysts there downgrading the stock to neutral but raising the price target to $525 that implies another 9% rally. let's bring in hike and tina so, matt, looking at this chart, it's almost vertical in the last little while ere how would you play this? either stay out of the way or

decide to pull back or keep going? >> you know, obviously this stock is a very volatile one last year, we had a couple of good calls where we said sell the stock when it was going down that's where it went when it got below 190. that worked out well the last six or seven times got to that level, the stock has seen a meaningful pullback but also it's weekly chart, in the last three years, it only got above 80 one other time. that was followed by doubling the stock in just six months and the stock rolled over and fell 20% so we're kind of in that same category again this time. back in 2013 seven years aerks it got this overbought and kept

rallying i think you should take some chap chips off the b table with some profits >> you can go to more extreme extremes the only thing has been how fast can they seize globally for electric vehicles. how would you evaluate relative to where we are? >> tesla investors are experts at extrapolation and i think that's what happens. >> musk met his guidance i think taking a step back makes a lot of sense because this stock has ary of running ahead of itself and diving into deep pessimism. so i'd say we're in the former heading toward the latter because it always seems to happen i think the long-term for this,

i am a believer that this is an interesting stock, but it is still really having to suffer the ebb and flow of building itself up as a company >> we'll see you it goes when they report earnings within several weeks. thank you very much. for more trading nation, head to our website or follow us on twitter. tyler. >> ahead on "power lunch", a royal rumble prince harry and meghan want to make a brexit from the royal family, but the queen says not so fast, my young ones plus sh, retailers having holiday blues. numbers weak er than expected, but not all bad news for retail and with just a few weeks in the stock draft, the competition getting fierce the team yes is dead last. bethenny frankel will join us to defend her strategy.

just had some bad luck all this when "power lunch" returns.

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president trump calling for chaining that could allow projects raining from oil pipeline to mines to move forward with far less review of impact on the environment. this with the environmental policy act bill cosby asking the pennsylvania supreme court for another review of his sexual assault case his legal team submit iting a petition claiming me too hysteria impacted the ruling no word on when the court might

rule on that petition. zblncht and members of a new york jewish community targeted in a hanukkah attack turned out for tactical training. a former member of the israeli defense forces displaying weapons last night >> in someone's coming over your shoulder with a machete intending to do harm he's not the gardener. he's someone intending to kill and maim you intend to neutralize that threat >> that is the news update this hour back to you, contessa. >> boy, tough times we're living in, isn't it, sue? >> absolutely. markets, let's look at the dow which is up almost 200 b points up more than half a percent. record highs, s&p, same thing. record highs on the day. nasdaq have pulled back a little bit from their all time highs we hit earlier, but still sitting up there, the dow approaching 29,000 now tyler. >> up, up and away it would seem at least for today

time for power movers. chip olt lee trading at an all time high. it had an underperform on the stock and what the brokerage says the it was its worst call in a decade. it sees digital being a big driving force there. two upgrades today for snap. and the lighting company missing on earnings. the ceo saying he expects demand to remain weak until there's nor clarity on trade >> turns out some retailers didn't have a very merry christmas. jc penney, macy's, kohl's and l brands seeing declines in sales. look at bed bath and beyond down

almost 19% and you have that stock falling short 2019 saw more than 9,000 stores shuttered. that sets a new record for investor, is it an opportunity to buy off the clearance rack or are these stocks a no touch? with us now is liz dunn and oliver chen, senior analyst at cowen. liz. >> happy new year. >> well, happy new year to you it was a happy new year for some stocks i looked today you've got ross, tj max, lowe's, estee lauder there are some e retailers doing extremely well what's wrong with this group of dogs

i think like the regular clearance rag, sometimes it's there for a reason nordstrom is one that might be interesting. but for the most part, department stores, mall base d apparel store, very difficult places to be oliver, where do you see opportunities in retailers that have been beaten up? >> yeah, what we're excited about is target. we like the broad line retailers. the target pe multiple is about 17 times and walmart in the 20s. so on a pe basis, we like target relative to the eps growth they can generate as well as drive up and curb side pick up. we agree the mall, aparable, it's within a tough place to be and by fifurcation is also playg

out in that we like value. the off price sector is good as well as costco because customers are looking for bargains also groceries and they need food grocery outlet is another one to consider as well but cautious beware on clothing, the mall, store closures ahead unfortunately, department stores are tougher. that being said, nordstrom is a business model for the future. they've been doing a good job with their local market strategy as well as online penetration being 30%. >> so you and liz kind of agree on jw nordstrom. oliver, let me turn o you and then maybe you, liz. though the stocks are not performing well in light of these numbers i guess i would count myself among those who was a bit surprised that macy's was just basically flat year over year in sales and kohl's the same just down .2 am i wrong to feel that way?

>> investors are trying to see how these appeal to the new generation of shoppers they're really shopping quite differently. she loves tj max and others and doesn't necessariy shop by bran. so rethinking retail and what retail should look like is a a concern in terms of the valuations of these companies and what they should do. in particular, macy's made need to close an incremental number of stores and kohl's needs better women's apparel so a long-term picture here. that being said -- >> you say that, but you look at ross and tj max and i love a bargain so i'm in there. going through the racks. a lot of time what i'm finding is bargains at kohl's, too i would put that in with discounters and liz, what happened i thought they were doing this big innovation by saying hey, if you've got amazon stuff, we're going to increase foot traffic did it just not pay off?

>> it didn't the women's business was disappointing. i think the amazon return piece of things is working to drive qualified footsteps into the doors, but they're not converting into the women's department and it's difficult to turn kohl's without the women's business while they had flattish sales, kohl's and macy's, you didn't see the earnings go through. it's at the bottom of the range. >> goif ott another suggestion for kohl's and i go there to buy clothes for my 14-year-old son because ipg they have good attractively priced, oliver, you jump in here as well, items for that age bracket but when i see the lines at checkout as long as they are at kohl's, i go you got to throw more people at this and move me through the storer fair point >> you bring in great point about the future of retail and

cashi cashieless checkout. with amazon go and curb side pick up, having your goods there available. it's still early innings and don't forget about recommerce and subscription models and how much less expensive a used good to be, too >> i love the idea of giving me the skaper give me the scanner and i'll go in there if i can take my stuff, scan it, bag it and get the hell out quickly as i do at cvs >> but it's really b about making the store experience as convenient and frictionless as it can be. that's why we see retailers like target doing so well with bio mind and curb side pick up is phenomenal and a lot lower

transaction than fulfilling an e commerce order >> can we talk about bed bath and yopd this stock is just taking it on the chin oliver, what's quoing on with this particular retailer >> i think you really need to have extremely good differentiati differentiation. to be able to compare prices across online, everything's able at all times it's about being competitive in the in store process also with the new generation of shoppers, they like a certain degree of cure ration. >> mobile is the new mall and extending that thought with bed ambassadbath, they've always be from having a really robust assortment now being able to fulfill as

many things as possible. a customer doesn't really want a store that's full of every option and difficult to shop they've got a change in management and i think they have a good shot at it. when you see a company removing guidance, you have more pain before it becomes a strong investable story >> great to see you. thank you. >> let's go to the bond market and rick santelli. he's at the cme. >> something funny happened around 1:00 eastern. we had a 30 year bond auction and it was solid let's look at 30s. wow, the yields dropped.

lower yield, higher price, but other metrics are really amazing. 2.54 bid to cover. we've had three since december of 2014. this ties a couple in 2015 be but to find a higher one, we have to go back over five years. 63% on indirects longer maturities are just like cake for longer investors and showed up in full force. back to you. >> thank you very much prince harry and meghan telling the queen they're moving out hear some billy joel there they don't need financial support anymore. there you go so what is this young couple with a brand and a brand-new baby, going to do now for money?

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prince harry and meghan tell ing the queen they'll no longer be royals. they're planning to move to north america, at least partly, become financially independent and now reportedly the queen wants a solution within days not weeks. so what could they do for money? robert frank has more on their financial status and what do yo dough if you have to get a day job? >> yeah, we're all worried about the royals right now and how they're going to make money. they're saying they'll work to become financially independent, but only give up a small fraction of their income and they will keep much of their family wealth and those benefits so here's how it works they have two main sources of income one comes from the government. one from the family. the government funds come from what's calls the sovereign grant. a taxpayer funded income for their royal duties the total grant to tall royals in 2019 was just under $100

million but only a small part of that, maybe around 2 to $3 million went to harry and meghan that paid about 5% of their official expenses. so they'll lose that funding keep their royal home in windsor in which they had renovated for $3 million this summer at taxpayer expense they'll keep their security and their biggest sources of income. that is from the family. now harry inherited about $14 million from princess diana how estimated at over $20 million but a lot of their income comes from the dutch of cornwall, the billion dollar private estate administered by prince charles that funds prince harry and william. meghan and harry saying they quote value the ability to earn a professional income which in the current sfrukture, they are prohibited from doing. a report in the sun saying the couple has trademarked 100 items including clothing, calendar and

postcards. >> if you do the math and what you get is only 5% of what you're responsible for paying for official duties, it's not wonder they want to shrug that off. >> and when people say well the sacrifice they're making for their love, they're not really making much of a sacrifice, but our royal expert explained to me one if they truly u embarrassed the family, the family could take away their hrm title so they could officially not be part of the royal family this is their main atm >> that's administered by -- >> prince charles. when prince charles becomes king, it will be administered by prince william, the brother, now estranged and william will have the ability to decide how much if any money goes to prince h harry out of that fund so that's why this could, that money itself could be at risk depending on how this plays out. >> look at edward viii

>> he was paid a huge salary every year to stay out of the country. so love or money, they usually opt for both >> okay. >> robert. thank you very much. interesting story. coming up, the australian wildfires continue to ravage the country. bethenny frankel joins us to discuss what she's doing to help next on "power lunch." so what do you see? 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. ♪

justin trudeau speaking about the plane crash. >> tyler, this press conference from justin trudeau continuing he's just said that the intelligence shows they believe it was an surface-to-air missile that shot down the plane early tuesday morning. let's hear from the prime minister. >> we have intelligence from multiple sources, including our allies and our own intelligence, the evidence indicates that the plane was shot down by an iranian surface-to-air missile this may well have been unintentional.

>> justin trudeau and other officials in canada are demanding they have access to the crash site, but also to any investigation that takes place it remains to be seen if they'll get that access. so far the iranians have said they are not handing over the black box, and whether or not they let outsiders in to be part of any investigation remains to be seen. >> phil, thank you very much we are three weeks away from crowning our 2019 stock draft champion, believe it or not. the competition is really heating up nick lowry is leading the pack with a 46% gain so far, but it's not over yet, as star mets pitcher noah snydagaard is moving up. joining us is bethenny frankel,

thee also raising money for australians bush fires good to see you again. >> thank you for having me. >> you had boeing, i guess no one could have anticipated the kind of year boeing has had. tilray, that's down a lot, and facebook, which has faced its own challenges you threw some long hail marys that didn't connect this time. >> you can't win them all. if it wall street for the boeing equipment failure. it's a crap shoot for me i'm not a stock picker by trade. i come to the draft and try to do the best i can, and let's see, it doesn't look good for me, but i can take my hits. >> i remember a couple years ago when one of our contestants

picked amd it was the reason why that individual, i believe, finished in last place. the last two years, amd, the same stock, is the reason people are at the top of the charts sometimes it's not what you buy, but when you buy let's talk about your involvement in raising money for the australian bush fires. tell us what attracted you to it, and what the charity is, how much you have raised, and how you dispense the money i have an initiative be strong, and we partner with different 501 c 3s we specialize in disaster relede i personally have been connected to and in mexico, guatemala, puerto rico many times, bahamas many times and north carolina, it can it can, and now we are in -- going into australia after having a

lot of experience with the amazon and the california fires, where we've -- enlisted fire tights not only to help, but to stay to make sure all the fires go out right now the current situation is that we are -- we have connected with firefighters in the u.s., teams of firefighters, and are corresponding with firefighters in australia to send over teams at a time. we are amassing surplus fire gear from around the world to send in containers to support these firefighters we're only halfway through the fire season, and it's a very, very hot season. there's a drought, so we have to make sure that we can have teams going in and out to really sustain the season, but bstrong, we stay through a rebuild. we are still in the bahamas building 700 roofs, and three

schools. we are in puerto rico as we speak, because they just had an earthquake, to follow up and give them more cash cards for the people who lost their homes. we help animals, we help people in shelters, and we sort of go from saving lives in the beginning through helps them to rebuild. >> 25 people have been killed, 2,000 homes destroyed, and the fires aren't out yet are you able to take some of what you learned from the california wildfires and some of the teams you were working with there, and go ahead and deploy that right away to australia >> absolutely. even united states how to -- having a good relationship with firefighters and their team captains also, you know, they fires -- they're a massive fire, but then they little small fires, they are troublemakers. they start the biggers fires you need even people, men or women with backpack with water to spray these little fires before they become a big

problem. you have to handle it from air, ground, and yes, we are basically fire experts now, after having been in california for months and worked in the amazon to really help keeping under control. >> these are amazing scale one of my dear friends just returned from sydney, and came back with a bad case of asthma. and join us next year for the stock draft. we will be right back. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99.

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the markets are at record highs, the dow a bit off the intraday high, but the s&p and nasdaq going along for the ride. by most historical standards, they are at the higher end of their range. bob made the point that leaves them vulnerable if there's a banana peel. we had a banana peel kind of last week with the stuff in iran, and the market blew right past it. >> took a deep breath and then just let it go apple now with the pintest point impact on the dow at this point. four sectors on pace for fresh record closes. tech, industrials, consumer

discretionary and health care on pay for its highest close suns october 2001 there's a lot of perpetual pollyanna-ishness maybe for a reason we're waits to see if there's some solid we'll see what happens. "closing bell" starts right now. welcome to "closing bell." at the kohl's post, shares down more than 7% it's an ugly day for retail, but not carrying over to the rest of the market of we have a rally on our hands, with 59 minutes to go. >> and i'm are i'm wilfred flos, pressure off stocks, as we wait on the dow 29,000. china confirmed it will sign the phase one trade deal, and a report that apple is see strong sales,