to, gary. on that note, watch "bulls & bears" right here on fox business. happy thanksgiving my friend. >> to you and your family, sir. thank mosey along into the most exciting hour of the day. >> pumpkin or apple? >> pumpkin. apple. pumpkin and apple. [laughter] i'm not sure. >> i'm with you on that. thank you, have a lovely holiday. markets are blowing up like the macy's thanksgiving balloon. you are looking at live in central park. you heard me correct, balloon actors have just begun inflating. ronald mcdonald. we are waiting to hear about the news on the moment, they feel gusty enough to start inflating the balloons. guess what else is inflating

also? the dow, s&p and nasdaq. all three have made all new highs. could we see a third straight day of records by the closing dow? stay with me to find out. the holiday will have to wait in washington d.c., the trade representatives say there's this development regarding the u.s. texaco canada great deal. this morning's trade officials went so well that canada's foreign minister is apparently hopping on a plane to head to washington d.c. we will take you live right up to that door of the offices for the latest in just a moment. toys "r" us lives, just as toys "r" us debuts their first new store from bankruptcy two years ago, who's ready to fight the deaf flows from amazon effect? do really hoping to turn the

tables on amazon, why might they stand a chance? the ceo might be the secret weapon. he came from inside amazon. plus, taking on ticketmaster with fairy dust. the real winners of the tie up, it could be the retail investor and the latest on brewing holiday nightmare. we will get you everything you need to know. we are less than an hour from the closing bell. pack your bags, roast your turkey, we will start the countdown. breaking news, california's biggest utility, pg and e could move toward what will and its bankruptcy nightmare. a judge issued a ruling on objections to the 11 billion-dollar settlement with

insurance companies that covered damage claims from a catastrophic wildfires. as you can see on the screen, there were thousands of homes destroyed during these wildfires that many believe started and sparked by pg and east lines. the signaled today, he will approve the settlement but the stock is not responding dramatically. $7.58 stock, it's been a rough go for pg anti. regulators around the world are converging on boeing. reports are european and middle eastern authorities will conduct independent reviews of boeings next aircraft following the 737 max debacle. the faa had enough today, they will inspect sign off on every single tax jet, individually. before delivery to the airline. airlines will not take ownership or claims until they are certified by the faa.

more blanket certifications but it's not the faa, it's european and regulators. this could absolutely slow things down. it's dropping one and a third%, it's close to close of the session right now. a strong buy, despite the legal raining down on this company, the stock is now to beaten-down. they are quickly moving new products to wholesalers. 1898. do you remember this time yesterday, we told people about this tug-of-war challenge between tesla and ford after elon musk tweeted a clip of the new electorate pick up. you can hear the tires screeching of the ford f1 50 as it was dragged uphill. by elon musk's new cyber truck. musk agreed to forge request for

a rematch but now ford spokes people are saying we were just kidding. we don't really need to do a face-off here. we were just joking. maybe next week. what does that tell you? i don't know. what is this small number? does smoke. he signaled 250,000 customers have already lined up to buy the pickup. they have $100 each. 1000 each. it is refundable. what? one hundred, all right. one hundred. that's a lot of money there. at this lego we added a competitor. they put off fox on 30 little tiny wheels.

guaranteed shatterproof. elon musk attempt to show the windows work shatterproof when they were not. breaking news, prime minister christie is right now most likely in the air as she travels to washington for talks on the trade deal. she will speak to u.s. trade representative and deputy foreign minister who's already there. canada obviously was not involved in talks for most of the day, must have heard something, we are trying to waiting she must have heard something to race down here. he seemed incredibly positive. >> it's definitely optimistic, i changed from the tone they have said before about some of the think democrats wanted to include in the agreement.

they we'll be back here in under an hour. they are on their way to a resolution. >> in the democrat, we are looking at creative ideas, every issue that has made me lose sleep. >> mexico says today they will not agree to any enforcement mechanisms for later standards that go beyond normal dispute system that was in the original, that's something house democrats proposed. they don't meet labor standards or u.s. inspectors into mexican facilities. i asked the secretary if democrats have gone too far with

that request he tells me so far it's not too far into they are moving in the right direction. >> do you think we will get a deal by christmas? >> i hope so. >> they are expected to show up earlier today, she did phone into the earlier meeting that happened this morning and as you mentioned, she's not on her way. we did hear from mexico that they will go to canada on friday for more in-depth discussions with them. >> i found it fascinating, you've got rained great ones, the democrats hoping and, he thanked them. are you looking toward this? we shall see. hopefully it's this christmas. thank you, hilary. hillary will interrupt us if anything else happens out there.

we may be gearing up for thanksgiving tomorrow but it's still an incredibly easy session on "wall street". this morning we got economic data, this is part of the reason the markets are hitting records right now. third quarter gdp came in better than expected. 2.1% annual rate versus an estimated 1.9%. one of the federal reserve's favorite inflation gauges, for personal consumption in october came in at 1.6% from last year. this was a little light, 1.7% expected. big ticket items that last more than three to five years, six tenths of a%. economists expected 1.1% drop. that's a big one there. they mostly tied to related goods which left out orders only just one tenths of a%. taking a look at historic to statistics for thanksgiving

week, the dow industrial closed higher during thanksgiving week, 62% of the time with the s&p gaining 68% and nasdaq closing up 69% of the time. i guess people were optimistic and excited about the holidays but this is the now doubts and thanksgivings worst since the 50s and third worst for the s&p 500. it's not so bad because the major averages are in the green between 20 and 30% gains so far this year alone. look at some exchange trade funds that have had unbelievable returns. there's a reason for this, we are going to bring up first trust nasdaq ets, q utc shared so far up 40% this year. flip it over to no space and

defense, look at these shares jumping within 41% and finally, construction, itb, look at these gains. it's jumped 52% in 2019. okay, great, right? market at highs and some during unbelievable well, there's nothing wrong with profit taking. we've got 49 minutes left for trade. you can still hop on your account and take profits. which top dog stock can turn into turkeys by christmas? now is the time to get rid of some of these names. always working at big day before thanksgiving. what would you take profits on? >> i'm not sure i would take any profits. it's always good to go in threes, i tend to stop the bad ones and keep the good ones so

the trees grow taller. if you could tell me we will have a december this year like we had last year, i would sell everything today. clearly i don't have a crystal ball, i'm not sure anybody else does but i think the markets continue to be positive and clearly it's probably over a short term and maybe we are due for a corrective. maybe we can improve profits but i think the bigger problem is you are sitting on a lot of cash. >> i heard larry has a crystal ball. tell us where you think, nobody can see into the future. we do know it's a frightening time, one year ago coming up on christmas that that would have been the best time to buy. is there a moment you would take? >> i'm thinking of company they actually like, i love the

company, smashed a lot of records and become the second-largest data center. it gives out a three and a half different dividend deal. it's accumulated so much that 19% this year, 20% the year before, 46% the year before the end it's okay. it's okay but in 2018, it's not kept pace. you have equity ratio that's too high. 1.2 earnings ratio above 121. if i owned it right this second, i would sell it. >> okay, definitive theft. >> holy smokes. i kind of look at the bigger picture, larry has a great one. but i would say the big one is

netflix. this is in the darling of the stock market. they will have some real challenges coming online. i'm not saying i don't like netflix but i might look at some of these other streaming services who might have a shot here. the competition will get a little harder. you might want to spread some of that streaming money around. >> i appreciate it. i want to wish you a happy thanksgiving. from day one, you've all been with us here. i never forget that. thank you. investors and workers loving mcdonald's right now. closing bell ringing in 46 minutes. thirty for the burger giant after selling all lawsuit in california, $26 million settlement here.

accused of violating labor conditions including overtime pay, break time and uniform costs. mcdonald's admitted no wrongdoing, jumping $2.18 a share. up next, amazon trying for the taking? as in taking down, zoo lily has made no secrets. ceo is here in a fox business exclusive. we'll show you that deals that will lure you away from amazon.

from grand closing to grand opening on your screen, yes,

this is toys "r" us good it's back with its first new stores declaring bankruptcy and charting their locations two years ago. this is just and times for the holiday retail season. the shopping were cubes up between brick-and-mortar, retailers whose parent company has but they shopping conglomerate that includes hsn taking the fight directly to amazon. the preferred weapon of choice, ceo who came from inside amazon and we've got him. zulily ceo is here and is fox business exclusive. you've got your work cut out for you. toys "r" us is perfect evidence of amazon's power. >> it is but also shows an opportunity for all retailers. the toys "r" us example, they figured out to work backwards from customers and reinvent

themselves. they are the exact same things that is true for all retailers. for zulily, it's about fun shopping. that is our experience and then we weave in great products at unbeatable products. >> your price match taking, how does that work? will it be enough for amazon, ebay, walmart, what have you? >> we don't even think of it as price match guarantee. we see it as something that's never been done in the history of retail. the best price promise, we are basically bringing and giving customers the power of information. we always believe phones in the palm of your hand, you would have all complete information and get customers are often confused about where the best prices are.

the customers think amazon and walmart.com has the best prices online when in reality, every day zulily has lower prices. 97% of the time, julie has lower prices. rather than on customers to find the best price, we are taking the information and putting it on our price tag. >> people will spend two hours trying to find the best deal and pressed the button but let's show some of the deals. it's obvious you came from amazon because we've got the ugg boots with the victoria sarah book, you can flip it over to the next one and we've got this tote bag, this is real burberry, correct? retails $2220. you got a 41799, 1780 bucks.

then perfume, i've been wearing this since college. it's so outdated. i buy it for $92. you've got it for $24. is it the exact same thing? >> yes. the way we do this and make sure we offer best prices, we match and when we are able to -- universal product code. all retailers use it to identify individual items. once you identify that, the question is, where did e-commerce go? from our perspective it's about transparency and empowering customers to make the right decision for themselves in the moment. the reality is most customers don't need items in 24 or 48 hours. it's ironic but here we are four weeks before christmas and we are talking about great deals. we found there are millions of customers willing to trade shipping speed for real dollar

savings. >> you got hsn, qvc with some of these best in class names for what they do under the umbrella. what are some names you find on lego, how are you going to get that? >> we are going to keep following customers where they are and we will earn her trust. our formula is a bit different. we guhle do offer unbeatable prices because our business model enables it. our customers add items into the shopping cart and we collect items, we have zero waste, we place it to the vendor after the customers made the order. we are pushing down transportation costs and passing them to customers.

the opportunity is to pick their own path and for us is either storytelling, telling the stories of brands and also about offering these unbeatable prices. >> thank you so much. forty-three points, we are looking at a trifecta record. when we come back, taking on ticketmaster.

oh my god, put down whatever you are doing and look at the tv screen right now. breaking news right there by central park, they have inflat inflated, there's no question as to whether the balloons will be lowered or grounded tomorrow because of high wind alert. the we are keeping you posted.

pretty sure if it were really a done deal and there was no way, they wouldn't have inflated the balloons. but there it is, macy stars and snoopy. you don't need a ticket to seek snoopy but if you bought tickets online to a concert or sports event, you may have been burned at the checkout page by outrageous fees. house energy committee announced a probe into companies such as live nation, the parents of ticketmaster are looking into the stubhub and others over unfair practices. law makers pointing to high fees that customers have to pay for a lack of transparency for the house next guest is looking to change the way ticket transactions take place. he's looking to put the smack down and deliver body claim to the industry players like big wig ticketmaster by giving fans a way to earn tickets by

referring friends. ticket perry ceo, techcrunch calls you the best hope against ticketmaster. what do they mean? >> i think they are being used to being ripped off by hidden fees, the show is released, think people are just tired of that. the wish that the organizers take in terms of how much it costs and the reason they described that is because where a solution for both sides, we help consumers experience something that is way more dutch

it's a much fairer experience. >> it sounds like about the world is littered with companies that try to take on ticketmaster. stubhub has tried they were doing incredibly well and ended up being sold by ebay recently. we look at what's going on the. they were sued by patriots for reselling tickets. have you dealt with any of that ticket perry? >> no. we have our own resale in the platforms if we sell, you're not allowed to sell for high face value. there's a matching system between people who are there. they are discouraged from buying

them because they have to select every single one. >> there are some believers annual, powerful investors. these are people who have track records of total success. you've got the youtube founder, reddit, who else? >> founders of twitch, specify, user managers, there are many people and also music in the fence. >> what events are on your site right now? >> we went with various from concerts, sporting events, nashville where they had people like james comey speaking, so it really varies. it's a strong selection and

generally what we do is we assign organizers first. you have to convince them there's a solution. >> we club startups, we are watching you closely over ticket perry. congratulations. everybody, check it out. thank you so much. down on the farm the closing bell closing in 28 minutes, up about 39. look at the nasdaq. farming machinery giant john deere is getting plowed under as the trade work takes a toll on the heartland. how do we know? wait until you hear what the company itself said. as we are heading into the holidays, also known as the other pinks of eating, too many of us indulge without burning it off, if you want the most inspirational story guaranteed to get you moving, download my

latest podcast. 87-year-old jeanette of new york just ran her 17th marathon. she ran her first marathon at age 69. how she did it and why she said she'll never stop. all long drive or ahead of your flight or cooking up thanksgiving dinner, download everyone talks to liz. she's adorable in her story will leave you wondering what's my excuse for not getting out there and working out? we'll be back.

today's foxbusiness brief, cutting forecasters for 2020, the agriculture equipment makers are saying they are making new investments right now due to ongoing trade tensions and difficult harvest conditions. closest rival also stuck in the mud, another big-name. doctor ming the first year after missing third quarter blaming a shortage of tips for intel. they are shutting down as we head into the close. one of the biggest winners right now, apple making big moves in china. iphone maker said double the airport in china to make certain commands, south korea say they

are preparing to launch smaller versions of the smart phone. up next, why the latest mega merger could finally be a win for the little guy. coming right back.

breaking news, we need to take you to texas. evacuations are underway right now after another large explosion, a texas chemical plant. look at these claims. the fire is still raging. we have a massive raging fire right now. the explosion happened around 1:50 p.m. central time. it appeared to be a large spill

and went flying into the air. eight people injured in the first explosion this morning. it started early this morning and just in the last hour and a half, we saw a doubling down with the explosion, these pictures are from helicopter. evacuations are underway at this chemical plant. we are working on finding out which chemicals are manufactured here. the millions of americans investing, it may really radically move in a dramatic way. charles, $26 billion plan to take over ameritrade is accepted by regulators and goes through. the combined payments will hold roughly $5 trillion in client assets. they gained 12 million retail bringing the total to 24 billion. the customer count would be second only to rival fidelity. the brokered menaces are cutting

trades right and left. adil on all investors but specifically this would be on the retail investor. usually the retail investor gets triple. this time it appears they welcome out on the winning end. >> absolutely. it began to fall when they announced before this deal that it was eliminating trading commissions or stock. the rest of the industry looks in the mirror at the other guy and says what do we have to do? i don't know that this is going to bring in stock trading but that's a key source of revenue for other rivals. that is a shot. >> usually when you eliminate a competitor, prices go up. we are seeing the opposite right now. should we believe this? >> in terms of whether these prices or no prices, i think so. this is the movement that's underway and there are other

agile ones entering into this space such as robin hood tech solutions looking to do the same. take also, we are not only talking about stocks, ets. there is competition on multiple fronts in the lines of business but in terms of the investment products people are looking at. >> people are wondering what if i liked how it worked? i was comfortable with it, they are going to schwab. obviously there professional but you look at the one year picture, it has jumped rather dramatically. we are at a one year high right this minute. does that surprise you? >> no, i think this was a bold move and schwab is about technology. we are talking about being

around since 1973. they've been setting off landmines ever since they came in. i think it looks very good. obviously the emphasis is on the rivals to continue innovative in a similar fashion. obviously they have brick and mortar locations that don't operate so much but they are the touch.for customers. >> robin hood on the far right along with brokers and e*trade, let's talk about robin hood out of silicon valley, it was a startup the and the status quo by cutting commissions. >> everybody will be looking in a multiple range of options including e*trade as well. there's nothing to keep people from innovating within their own enterprises as well. of course robin hood has yet to go public but is looking at fundraising in that regard.

i think it's something to watch. >> have a lovely holiday. we are looking at a holiday travel, isn't it always like that? except this time it's a bit worse depending on where you are. closing bell ringing in 14 minutes. thirty points, we are watching another record for the dow, s&p and nasdaq. let us take you live, these are pictures of interstate 294 in chicago as millions of americans hit the road for thanksgiving. we got your complete holiday forecast as snow and wind could disrupt travels more than any silicon valley startup ever could. happy thanksgiving. don't move.

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so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i promised you we would get more on this fire in texas at a chemical plant operated by tpc group, fast evacuations are underway. this is a live picture, you can see how serious it is and how the flames are coming up against what could be other potential sparks to a massive chemical fire. police on the scene are saying in this fire, a chemical called -- it's a colorless gas which is considered a health hazard. it's made from processing petroleum and to make synthetic rubber and plastic. we will bring you any updates as they come in.

back here, macy's thanksgiving day parade pacing up a potential blowout. we don't know yet because forecasts are not one 100% sure right now. we are expecting wind gusts that could be up to 40 miles an hour here. that would threaten to ground astronauts, all of snoopy's friends in his balloon house. you can see these pictures, they are taking the opportunity to inflate the balloons. they are held by the netting there as volunteers and workers inflate the balloons. high winds are not the only whether worry, look at denver. denver is seen the biggest november snowstorm since 1994. 2 feet of snow falling already in the city's metro area. skiers will love that. minnesota digging out from their own thanksgiving record snow, 600 car crashes spin outs have

been reported since snow started falling last night. please be careful. u.s. facing threats of snow, rain and wind today. you can see into tomorrow through the weekend, as the weather picture at the moment. east coast and midwest in the line of fire as the west coast faces this. keep your eye on the forecast. nearly 9600 flights have been delayed today alone due to the harsh weather, 580 flights canceled at this hour. these are the latest numbers we are getting. airline stocks mostly in the right right now. united airlines, actually airlines just turned red. >> are you flying tonight? >> tomorrow. >> that's a rough spot out

there. you can sit and watch a movie if you have three and a half hours. a couple of interesting business questions about netflix, will it be worth it? $160 million, how do you measu measure? people are just sitting on the couch because the weather is bad or whatever, what does it do to the overall box office sales which would normally be a big weekend. i'm excited to watch it, it's almost three and half hours. big commitment. >> make sure a fridge and bathroom are nearby. i asked phil, he said it's not because something bad there it's done so well, you want to take prophet there. >> will have that next time and more records. don't steal my thunder.

>> i could never do that. >> happy thanksgiving. not going beyond beef just yet but the closing bell ringing in six minutes, the dow is up 39 points. we are looking at all time record closers for the dock. s&p and nasdaq, stay tuned. shooting up 3% at this hour after telling them we are not joining the thanksgiving fun with a fake turkey product anytime soon. no tofurkey. up next, count on closer says you should be feasting on this. your thanksgiving money menu is next on the countdown. imagine traveling hassle-free with your golf clubs.

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liz: stocks moving up off the floor right now. twitter saying it will not be removing any inactive accounts until the company creates a new way to memorialize tear accounts, who was following them. of the closing bell ringing in two minutes. all the major averages looking to close at records for a third straight day. we're 24 hours away from thanksgiving. we welcome ubs managing director, senior portfolio manager jason katz, who put together the perfect holiday portfolio meal that will make people money, correct? >> let's feast. liz: let's go. what do you have? >> i start with high quality because in a market with such a parabolic rise, you have to focus on dividends. generate fray cash flow. pay out most of the cash flow in the form after dividend. connell: okay. >> i would have garnishing. global health care, performance, lack thereof relative to the fatigue.

"medicare for all," single-payer. a the group is getting immune to the headlines. liz: true. >> last but not least, emerging markets, international. if we get phase one i think is in the bag, phase two in the not-too-distant future all export economies could play catch-up. we could see a rise there. connell: i like the theory about emerging markets. it appears as the president said we're in the quote, the final throes of the deal with china. u.s. mexico trade deal happening before our eyes right now. we have hillary vaughn outside of the trade representative's office. you think that might be a continuing catalyst to keep the bull market running? >> i think so. it is very heartening to see money spread, not just focused on large cap growth. we see value rotation. coming back into international emerging markets. you're looking roughly a 5% discount relative to the s&p. earnings growth is probably substantially higher than we get if the u.s. here. liz: nasdaq at session highs.

you still like tech, yes or no? >> tech is getting a little long in the tooth. [closing bell rings] liz: great to see you. happy holidays to you and your family. >> you too, liz. liz: three records in a row for all three indices. that is my thanksgiving gift. melissa: a new day of records on trawl street. all three major averages ending at record highs for the third straight day on trade hopes and strong economic data. connell: look at santa. melissa: there you go. the dow ending up 44 points, near session highs. i'm melissa francis. connell: sorry to interrupt. i get excited. melissa: that is exciting, when i see santa class. "after the bell." s&p and nasdaq in record territory. nasdaq leading the major averages for the year. we'll talk about that and the market movers. here is what is new at this hour. the busiest travel day of the year. it will be a bumpy ride. powerful coast to coast storms