anticipate will be a very powerful final hour of trade. this morning's boffo november jobs report started the party. 266,000 jobs created with an unemployment rate at a 50-year low. now, we do expect to hear from president trump at any moment. he's at the white house discussing the economy at a small business roundtable. we will take you right there as soon as we get the tape. small or big business, with a wide pool of jobs from which to choose now, we've got a fox business exclusive with cornerstone on demand, the wildly successful job recruiting site started by three pals in a bowling alley 20 years ago. the ceo adam miller was one of those guys. he is here on the secret weapon job seekers and workers need to know to land a better paying job in this new year. closing arguments under way in tesla's spacex ceo elon musk's defamation trial. it could be headed to the jury at any moment.

we will tell you how of all people, former british prime minister theresa may and prince william now figure prominently in musk's defense. plus, chipotle's new farm aid. the baby yoda tribute going viral that might be the reason disney's stock is on the move. and charlie breaks it on the endless delays in the t-mobile/sprint approval process. less than an hour to the closing bell. happy friday, everyone. let's start "the claman countdown." liz: breaking news. we are just getting this. king salman of saudi arabia has offered his condolences to the united states after a gunman reportedly a trainee with the saudi air force, killed three people at a naval air station, pensacola, in florida. president trump just announced that in a telephone call, the saudi king also said the shooter quote, does not represent the feelings of the saudi people when it comes to america.

saudi arabia, one of the world ms largest producers of crude oil, of course, which by the way, crude oil making huge news 30 minutes ago, oil closing at an 11-week high after opec and its allies, including russia, agreed to deepen oil production cuts by half a million barrels a day through march of next year. that brings total production cuts to 1.7 million barrels per day. supply goes down, price goes up. we have crude in the aftermarket of $59.20 a barrel. that in turn starts to make gold lose some of its glow on the strong november jobs report. the inflation hedge out of favor on bets the federal reserve will sit pretty and quietly on interest rates. the miners are suffering on that news. gold moving lower, anglo gold down 4.5%. we do have a beautiful stock picture for ulta beauty shares after the company beat third

quarter profit estimates. look at this jump of 12.75%. strong demand for high margin cosmetics backed by the likes of kylie jenner has wall street rushing in to raise price targets. peloton, we are covering after a rough ride this week. the spin bike shares have fallen 11% since monday, erasing $1.5 billion in market value due very much in part to this massive twitter backlash over this holiday ad showing a man buying a subscription-based bike for his wife. many people, i don't know why, because i didn't, considered it sexist, but now twitter is calling for a sequel to the commercial. they want to know what happened to the wife. they want to hear from the husband, too. maybe this all ends up turning positively for peloton, whose stock is up nearly 5%. peloton, by the way, also chopped its monthly subscription price. ride hailing company uber, this is a tough one, in the crosshairs after it reported more than 3,000 sexual assault

reports relating to its 1.3 billion rides in the u.s. last year. that stock is falling about 2.25%. having a tough session. the can sto is dock is down to a share. yes, the november jobs report was an absolute winner but let us not ignore the role china is having on the u.s. stock market right now. s&p jumping 29 points at the moment. this is it. china has announced it will waive some tariffs on u.s. pork and soybean products. u.s. economic council director larry kudlow called that quote, good mood music but markets really popped when he told stuart varney quote, the u.s. is close to a phase one trade deal with china. okay, so that's today, right. we are about to prep you and your money for what could be a wild week ahead. starting tuesday through wednesday, the fed holding its final meeting and press conference of the year. could give investors an inside look at what the federal reserve might and might not do with

interest rates in 2020. on the 11th, saudi aramco bursts on to the oil stage and the world stage as a publicly listed company. the oil giant will begin trading on saudi arabia's stock exchange at $8.53, giving it a $1.7 trillion valuation. and december 12th brings in the third general election held in the united kingdom since 2015. of course, elections have been marred by disagreements over brexit. do expect a showdown between current pm boris johnson and of course, the labour party's jeremy corbyn. and regardless of kudlow's trade optimism, we are still counting down to the december 15th deadline for the next round of tariffs on chinese goods and if i can add to this, we are running up to the brink of the 15% tariffs that are supposed to kick in on december 15th. here's the president just moments ago. >> -- that took place just recently, just this morning in pensacola, florida. the king said that the saudi

people are greatly angered by the barbaric actions of the shooter and that this person in no way, shape or form represents the feelings of the saudi people, who love the american people so much, so that was just given to me by the king of saudi arabia, and i can tell you it's a horrible thing that took place, and we are getting to the bottom of it, all of the investigators are there now and they're studying it very closely. terrible thing. our condolences go to the families and to everybody involved, including the wounded. we have some badly wounded people also and we have to extend our condolences to them and we'll be working with them all very closely. so i just wanted to let you know that was from king salman. today, we are here to talk to some of the very hard-working

citizens who are benefiting from our historic record-setting campaign to eliminate job-killing regulations. i will tell you the market is up 325 points today on great job numbers. the numbers have been phenomenal, actually. some people said so spot-on, so good that they've actually never seen anything like it. it's a long way from when people were rooting for a recession because they thought they could maybe win an election but we don't root for recession. we root for success and we're having tremendous success. i want to thank vice president mike pence, who's here, right here. mike, thank you. as well as secretary gene scalia, secretary elaine chao, acting omb director and acting administrator, thank you all very much for being here. appreciate it. appreciate it very much. it's been an incredible period of time economically for our country. probably the best ever.

we have the best unemployment numbers in over 54 years. we have the best numbers for african-american, this came out again today, african-american, hispanic, asian american, the best numbers we've ever had. numbers for women are at a record number. we think that it will probably, if it keeps going like this, very shortly be totally historic. but they're at numbers that nobody ever believed possible. nobody would have believed it, frankly, in the campaign i would have never said it but i felt we were going to do very well. that's despite the fact that we're paying interest to people that have their money in the bank and other countries are not, so they have a great competitive advantage. yet we're by far, far and away the most successful economy anywhere in the world. we are doing better than any other economy in the world. and you know, we've created many trillions of dollars of wealth since the election. other countries have lost many

trillions of dollars. we're by far the largest economy in the world and that was going to change, for many years they were saying that was going to change, we were going to go to number two during this presidency. that was years ago. and i guess that the wrong president got elected from the standpoint that there are a lot of people very unhappy about it so they certainly think it was the wrong president. they would have rather had somebody else because they're not number one. we're number one and we're so far ahead that people can't even believe it. so we've had tremendous success. we've had it together. this has been a great group of cabinet members and the people in the administration have done a really good job. it was just reported that we added another 266,000 jobs in november and we've also had very favorable numbers outside of the 266, including some of the past numbers have been corrected in a very positive way also.

so we have 266,000 jobs plus we've created seven million jobs since my election, unemployment is at the lowest rate, as i told you, in many years, and in many ways i think we can probably very soon say historically. a record 158 million americans are now working. that's the largest number in the history of our country. we've never had 158 million people working. and we should be breaking the 160 million magic mark fairly soon. the stock market today as you know, it's up 325. we've hit another record high. i believe that's 128 times, something like that, that we've broken the record, the all-time record for stock market highs. think of that. about 128 times and we've been here for less than three years so -- and that i can tell you is a record. 2.5 million americans have been lifted out of poverty.

african-american, hispanic american, asian american poverty levels, in the positive sense, have hit record lows. it's something that nobody thought was going to be possible in a short period of time either. so they have all hit record lows. our regulatory reform efforts are delivering prosperity to forgotten men, women and children of america. we are seeing a middle class boom led by blue collar jobs. that's one of the things that's so great, the blue collar workers, great workers of our country, they are really benefiting tremendously from what we've done with the tax cuts and all of the other things that we've done, and very big i think is the regulation cuts, because even before we were able to get the tax cuts, so successfully from congress, we started cutting regulations immediately and that had a big impact, and that's why we went up so much between the election victory, so you say really from november 9th, the day after the election, up until january 20th,

inauguration, the stock markets and jobs went literally went through the roof, and if the election were lost, they would have gone right through the floor. it would have been a disaster. the soaring stock market is boosting pensions, 401(k)s and college savings accounts at record levels. we've added $10 trillion in value to the economy, helping these small businesses create two out of three new jobs. nearly every single state has seen record numbers -- almost every state, i can tell you every state i've been to in the last three months is having the best year they've ever had and that's because of the federal policy, and they're very thankful. the governors are very thankful. senators are very thankful. they're all very thankful. so things have happened that nobody thought would be possible but literally, every state i go to is setting a record for their state, individual states, and one of the states that just reported, it's because of our

actions, not because of their actions, this i can tell you because their actions are very negative. california is doing much better than anyone anticipated, because of what we've done at the federal level. so i'm very happy about that. next year we will continue our bold deregulatory campaign. we will remove costly burdens to make cars safer and more affordable. i don't know if you know what's going on, we're in a dispute with california. california, in order to save a tiny amount of fuel, of which we have plenty, we have numbers that nobody ever would have believed possible, we're the largest energy producer now in the world and we're an exporter of energy for the first time, in our history, really, but we can make cars much less expensive, much better, much stronger, and about the same from an environmental standpoint, very close. but then when you realize that many old cars will be taken off

the road, because they don't want to get rid of them because they don't want to buy the new cars because frankly, they don't work very well, that little -- like you take that, sometimes it's that much gasoline. it's a difference between 3,500, extra computers put on the engines and all of the other things that you have to do, but the cars are much safer, our cars are much safer, they're much cheaper, they're much better. the reason they're safer is because they can be heavier because right now, the cars are made out of papermachierand ours, we allow steel content. people are getting very excited about it. we have some good support from the auto companies. the only ones who don't support are the ones who want to be politically correct. we will end up in some litigation with california but just remember, our cars are safer and they are much safer, by the way. and they're better.

they operate better. and in every way, we think it's going to be terrific. we have a lot of support from the car industry and you are talking about a saving of $3500 on average per car. that's a tremendous saving. one of the other things from an environmental standpoint, many of the old gas guzzlers, they are spewing out bad things, are going to be coming off the road. cars that are ten years old and older, people will be going to the new cars because the pricing is better and the net result of what happens environmentally is a very positive result, because a lot of old cars are going to come off the road. they won't come off the road with the california standard but they will come off the road with our standard so you will have a better car, less money and it will be safer. we'll end the regulatory assault on franchise small businesses which a lot of people around the table want to do because they are very very strongly affected. we will provide greater financial freedom and

flexibility for u.s. truckers. the trucking industry has gotten out of control. you might want to say a few words about that. but it's gotten out of control. and we're doing other things. the light bulb. they got rid of the light bulb that people got used to. the new bulb is many times more expensive and i hate to say it, it doesn't make you look as good. being a vain person, that's very important to me. gives you an orange look. i don't want an orange look. so we'll have to change those bulbs in at least a couple of rooms where i am in the white house. but we are going back to -- it's a double standard. we have a standard of the new bulbs and we have the old bulbs. they are already making the old bulbs. many people were complaining that the new bulbs were much, much more expensive, many times in some cases more expensive, and the other thing, they are

considered a hazardous waste, that because it's largely gas technology, when the bulb is disposed of, you are supposed to bring it to a hazardous waste site. i said how many people do that? nobody does it. and you know, it's a bad thing. so you probably heard about it, you probably read about it, and you will be able to buy light bulbs that actually are better at lighting, in the opinion of many, and i tell you in my opinion, and for a lot less money. so we're doing that. but you'll also be able if you want, you can buy the other bulbs also. i will tell you, even the bulb companies are very happy about that. but together, we're defending the american workers. we're using common sense. we have a situation where we are looking very strongly at sinks and showers and other elements of bathrooms where you turn the

faucet on in areas where there's tremendous amount of water, where water rushes out to sea because you could never handle it, you don't get any water. you turn on the faucet, you don't get any water, they take a shower and water comes dripping out, it's dripping out very quietly dripping out. people are flushing toilets ten times, 15 times as opposed to once. they end up using more water. so epa is looking at that very strongly at my suggestion. you go into a new building or new house or new home and they have standards, you don't get water, you can't wash your hands practically, there's so little water comes out of the faucet. the end result is you leave the faucet on, it takes you much longer to wash your hands, you end up using the same amount of water. so we're looking at very seriously opening up the standard and there may be some areas where we'll go the other route, desert areas, but for the most part, you have many states where they have so much water that it comes down, it's called

rain, they don't know what to do with it. so we're going to be opening up that, i believe. we're looking at changing the standards very soon and that's a little bit like the light bulb, where you get a bulb that's better for much less money, we go back but you have the other alternative and you will keep the other alternative with sinks and showers, et cetera. but that's been a big problem. so a lot of the things we do are based on common sense. somebody said is that a conservative, is it a liberal thing, what is it, what are we doing. i said it's a common sense th g thing. so many of the things we do, it's based on common sense, like the car. the car will end up with that net tremendous saving environmentally when you think of all the cars, the old cars that will come off the road. you will end up with a better car and you will end up environmentally, it will be ultimately much better. so with that, i would like to introduce mike pence, our great vice president, and mike, you might want to say a few words and very importantly, go around the table with a couple of the

people. liz: we are going to take it back because we have a massive rally right now and we do have the dow jones industrials up 324 points. let us get right now to our traders, who have been waiting in front of the cameras. guys, we are looking at a very broad-based rally at the moment. is it the jobs numbers, is it just positive feelings that this maybe means, tim anderson, that we aren't going to see more interest rate cuts? >> well, look, the jobs number was just phenomenal today. there's just no way to put a negative spin on it. if there's any possible negatives that would come out of this jobs number, it was so strong that president trump might feel like he can take a much harder stance toward the china negotiations but i don't think it's a complete coincidence that china said they were lifting tariffs on a few things today. they are very smart, they watch all of our data and they could see that maybe this gives us the

advantage to take a harder line with them. liz: chris robinson, we are smack at 28,000 for the dow but let us not ignore the nasdaq, the russell, the s&p, big rally moves at the moment. what happens next week? we have quite a few issues. we have the federal reserve meeting, we of course have elections in the united kingdom. any one of these issues could trigger something. we don't know, right? >> right. that's a good problem to have. like warren buffett says, nobody gets rewarded for predicting the rain, so build the ark if you are worried about the rain. he's the best investor in the world. take his advice. so what happens on the 15th? the tariffs go in, do they not go in, we have seen this back-and-forth for two years, they are close, not close. that's probably the biggest risk. that was a heck of a number today. people were expecting 180, possibly 150. so to get 266, that's why you

saw such a big move today in the ten-year as well, because a lot of people were betting on a lower number and so that's been taken out for now. the fed, i don't see how the fed can cut rates now. they would be hard-pressed to do that. i think they will probably go into a holding pattern. liz: i got to tell you, phil, there is a secret sector that is just pummelling everybody else at this hour. i'm looking at my s&p 500 chart here. i have so many of these names in just the top 15. eog resources. we also have contra resources, apache. this is a huge moment for oil names, production, exploration or simply drilling. >> it is. i will tell you what, the saudi oil minister today in the press conference, when opec announced the big production cut, 503,000 barrels of oil along with russia was hey, this is a great friday for u.s. shale companies.

basically, he's saying listen, we're not worried about shale. in fact, we're trying to help those guys out. they need the help right now. they are going bankrupt like crazy in the united states so this production cut is actually going to be a positive for the u.s. economy. now, a lot of times we think about production, everybody is like my gosh, it will be better for the economy. look at the stock market today. it's getting a big goose on that and it's going to help u.s. producers. liz: all of these names we are showing, all of them are up 4% to 5%. great day. tim, chris, phil, have a great weekend. thank you, guys. check the dow. we are up 328 points. we have this breaking news. in closing arguments in the tesla and spacex ceo elon musk's pedo guy trial, it has been revealed that british cave explorer vernon unsworth is seeking $40 million in compensatory damages and listen to this, $150 million in punitive damages from elon musk.

unsworth suing the ceo for defamation over the 2018 tweet in which musk referred to unsworth as quote, pedo guy. unsworth arguing that musk's insinuation that he was a pedophile has hurt his reputation. in late developments yesterday, though, musk's defense attorneys trotted out a photograph they say proves unsworth was not harmed by the tweet which musk says was merely an insult. take a look. we have obtained the picture. it is of unsworth being honored by former british prime minister theresa may after he led the rescue of that thai soccer team that was trapped in a cave. he was honored by people such as a member of the british empire by prince william and was paid for his work in books and documentaries about the rescue. would they have done all of this if they truly believed musk's attorneys argue, that unsworth was a pedophile? robert gray has been following this wild and wacky trial all

week long. these are huge damages he's seeking. i thought it would be 75 grand. reporter: absolutely, liz. that was sort of the floor, i guess. now we see why they were not testifying. they were saving that for closing arguments and they broke out an enormous chart and then sort of filled it in, filled in the blanks, if you will, beside the damages and explained it, basically saying the punitive damages were a hard slap on the wrist for elon musk, $150 million. that's quite some slap on the wrist there. but you know, the attorney for unsworth also basically trying to paint musk as a liar and a billionaire bully. we heard numerous references to mr. musk's net worth, north of $20 billion, in the closing arguments, saying that musk dropped a nuclear bomb on unsworth with those tweets, branding him a pedophile, and the fallout from that would be felt for years for his family, hence the large sum they're asking for, the $190 million to

cover that fallout, and of course, to send a message to musk. he's also saying the verdict would set a shining example for others to follow. of course, this is one of the first big defamation cases involving social media and whether or not twitter would be held to the same light in regard to say a newspaper. musk's attorney had just begun closing arguments when i came to camera here, and came out right away saying we are here but because of an argument between two people exchanging insults. you can see the nuance there. he says unsworth claims quote, i have been horribly damaged, pay me lots of money. of course, apparently they are trying to paint unsworth as a bit of a golddigger there. he told the jury that insults cannot be defamatory, trying to again go back to the fact there's an exchange of insults here and that there was no malice involved. as far as analysts go, gene munster telling me for them, it's basically a non-event. they are more worried about the model 3. but it does show how far musk

has come to 2018, he's been a lot more tame on twitter. liz: just checking the stock for the very last moment. up 1.66%. not getting dinged. keep us posted. thank you very much. chipotle's farm aid. with the closing bell ringing in 34 minutes, the mexican grill chain looking to wrap its burritos in farm-fresh products grown in a very specific way by very specific people. we will tell you about his latest social commitment in today's fox business brief. chipotle up 91%. . you cannot miss this week's everyone talks to liz podcast. see that guy? he's a champion pizza ceo and philanthropist. hear how this kurdish pizza chain owner overcame homelessness in new york city and built his pizza empire. it is one of these inspirational ceo interviews. i'm dying for you to hear his journey. his recipe for success, you can

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liz: yes, check the dow right now and the s&p and the nasdaq. we have a big market rally, very much in part with the dow up 340 points now. 25 minutes left of trade. very much in part to the headline number for the november jobs report that we've been reporting all day. that was a gain of 266,000 new jobs added in the month of november, but what you probably didn't see is what is perhaps one of the biggest issues facing the labor market right now. our next guest has his finger directly on the pulse of jobs in the market in america. he's calling on companies across america to dedicate 5% of their employees' time not to working for the company, but to learning more which he believes will help solve the skills divide in the u.s. we bring in the founder and ceo of publicly traded cornerstone on demand, adam miller. let's just say this right off the bat. one of the biggest issues and the numbers we keep seeing beneath that headline number is

wage growth. it almost seems like it's incremental and painful. this time around we saw wage growth of about seven cents per hour. that is very hard certainly for somebody trying to make a living wage on a .2% so i'm wondering what is your biggest idea for everybody watching right now, whether they have a job or are seeking a job, on how to land a better paying job when the job market is so tight. >> thanks for having me. without a doubt, the single biggest problem that companies have today is the skills divide. we're seeing a dramatic difference between employees that have skills and employees that don't. and the employees that don't have skills, which is the bulk of the labor force today, are the ones that are getting very little incremental growth in compensation. of course, the employees with the skills are seeing tremendous

increases in compensation and lots of career progression. we're seeing a big divide between those with the skills and those without. liz: all right. so how did they get the skills? you say that the employers should be training their people. what if you're at a company that says we don't have the time or the wherewithal or the money to train you for a better paying job? >> first and foremost, if you are in a company that doesn't care about developing the people, in this kind of labor market, you should maybe find a different company to work for. liz: get out if you can, right? >> now's the time to do it, when the labor market is so tight. but if you are staying at that company, then it becomes incumbent on you to learn new skills. the reality is the skills you are going to need for your job over the next five years are very different than the skills you needed for the last 10, 20 or even 30 years. liz: you have clients like wendy's, nestle, walgreens, marriott westin, starwood resorts, so you find appropriate

workers for them and of course, cornerstone on demand does it for both sides, the employer and the employee. where are you seeing the hottest job growth right now, where there are good-paying jobs? >> obviously, very good jobs in technology, and technology jobs are not limited, by the way, to tech companies. there are technology jobs now in every industry, because technology is disrupting every single industry. but it's not limited to software development jobs, which is what people often talk about. it's people that are comfortable with technology, people that understand analytics, maybe not how to develop the coding around creating machine learning, but rather, people that are able to leverage the data that comes back, the insights that come back, that understand the questions to ask. also, health care, very rapidly growing sector. lots of jobs available in the health care market today. liz: or you can do what you and your buddies did, and that is 20 years ago, come up with the idea

for cornerstone. you guys were in a bowling alley? unbelievable. >> yeah. it started in my one-bedroom apartment, actually in new york city, moved to l.a. and over the course of time, was able to build a business that today is helping over 40 million people around the world to realize their potential. liz: folks, look at the stock chart. up 20% year to date but what a beautiful five-year picture. cornerstone on demand is the company. csod is the ticker symbol. adam miller, the ceo, thank you so much. >> thanks, liz. liz: a new tribute to baby yoda. i saw it this morning and said we have to show you guys. with the closing bell ringing in 20 minutes, we have the viral video of the hamilton-inspired song paying homage to disney's latest breakout star. the mandalorian baby yoda. he's so cute. "the claman countdown" will be right back. we will check on disney stock, of course.

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liz: folks, breaking news. we have a brand new session high for the dow jones industrials, up 352 points. it's printing right now. you will see it on your screen. there we go. we also have the transports with the biggest percentage jump here. you can see, up 152 points for a gain of 1.5%. let's go to the dow component disney, seeing a third of a percent rally, adding to the already 35% gains this year. could today's bump be due to baby yoda? and this video that's going viral. watch. ♪ ♪ dear baby yoda

what to say to you ♪ liz: pop culture site the ringer knocking off a hamilton song in a fan-boy tribute to the adorable baby yoda from disney's streaming hit mandalorian. two guys and the tiny creature, even one removes the picture of his own son from a frame on his desk and swaps it out with a photo of baby yoda. this morning it had 17,000 views and that has grown right now to 2.35 million views. baby yoda. >> shows you how old and out of touch i am, i don't know any of that. i don't even know who yoda -- i kind of know who yoda is. liz: there is no try, there is only do. >> show the audience what you were drinking before. it looks so gross. liz: it's called emergen-c. why is this gross? grow up. can we hear about telecom titans? >> t-mobile/sprint. by the way, did you see cnbc is trying to take credit for our scoop from tuesday that they may

reprice the deal. funny how they breathlessly report about what we report two days later. there's a huge story, they may reprice the deal. i'm on the report right now. i mean, this is what we reported tuesday, they may reprice it. as you notice, the stock isn't really moving much because we already said this on tuesday. the big story is what's coming monday, on the t-mobile/sprint merger. that is the trial is set to begin. new york ag tish james, the ag of california are challenging the merger. they want to break it up, they want to stop it. the trial date in federal court in lower manhattan starts on tuesday. here's what i think you should do if you are playing the stock, pay attention to the wires over the next 24 hours, you know, 48 hours. liz: and you. your twitter feed. >> because you know, there will be -- well, this is what we get from inside t-mobile/sprint. there could be settlement, last-minute settlement negotiations.

they are almost pro forma. before you do one of these trials, the federal judge calls both sides in usually. what we understand, there's going to be something they will call, they will call these guys in likely, and they will say you want to try one more time to settle this before this goes. i put low chance on them settling it. i think the ags are, you know, they want to break this thing up, obviously, t-mobile/sprint, they do not want to break up. they may do some more give-backs, some more price cuts, some more stuff for union workers, whatever it is that, you know, the two, you know, left of center progressive attorney generals want, if they ever agree to let this thing go. but for all intents and purposes, this thing will likely go to trial on monday, and then you know, it's something that you have to watch, if you own the stock. i mean, it's an existential threat. you could get the judge, from what i understand, is not quite a full-on progressive, he's a

clinton appointee so you know, you could see the judge, you know, going both ways on this thing. liz: it really comes down to john legere, he leads t-mobile, he's sort of the heart and soul. >> he's not leaving any time soon. can you imagine, you go from t-mobile -- liz: not right in the head. >> donny brasco posed as a diamond dealer. anyway, in any event, monday trial date, over the weekend, there is a chance they could settle it. that usually happens. you know, we're hearing from the new york state attorney general's office that, you know, it's going to be a heavy lift for them to settle. they want this thing to go to

court. liz: one important question. where does baby yoda fit into this? >> baby yoda is dating faber. liz: he's adorable. >> following my reporting once again. liz: it eats frogs. >> i just think it's funny the competition breathlessly says what fox business reported on monday. this is a huge story. here at cnbc. liz: there is no try, there is only get off the set, charlie. we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

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york stock exchange. we don't see 300 plus point gains on the dow very often. jackie: good afternoon. no, it certainly is a lovely day here. 322 points, we just went back under 28,000 but of course, that's a very pivotal technical level. let me walk you through some of the leaders and laggards. leaders on the dow, nike seeing almost a 4% gain on the week. goldman giving that stock an upgrade to a buy. jpmorgan up almost 3%. the financials of course getting a boost from that jobs number today. johnson & johnson up 2%. laggard, boeing having a rough time, 3.5% decline. more potential delays with the 737 max jet, of course that's been a big problem for the company. cisco down 3%. home depot down almost 3% as well. wedbush seeing the company cutting its 2020 revenue outlook. of course, we are watching the s&p as well. the only index that looks like it's going to finish positive on the day, big winners here, ulta, diamondback energy,

bristol-myers as well. liz: great to see you. have fun down there. it's an exciting day. all right. so folks, we have about five minutes, five and a half minutes before the closing bell rings and with all of these bulls running around, we've got a bear sighting. our "countdown" closer has just proclaimed himself a 2020 bear. why, when so many before him have been wrong up until now? we welcome the ceo and chairman, george ball, great to see you again. turning bearish for 2020. why? >> i'm barely a bear but i make 60/40 bear rather than 40/60. there's a reason for that. the bear you showed just now, it was old. after awhile, even the strongest, most vibrant bear is going to topple over and die of old age, if not of gunshot. i think that's what may happen to this market in 2020, after the year-end rally and there will be one is over. liz: i have heard this before

from people sitting right in that chair over the past let's say five, four, three, two years. constantly people saying it can't go on longer, we are already in the seventh, eighth, ninth, tenth, now the 11th year of a bull market. >> and the stop clock is right, at least twice a day. i may end up in that camp. i hope not. i would rather be a bull than a bear. but if you look even at the jobs report, the one negative to it is that wage growth is starting to accelerate substantially. if you look backward, the acceleration in wage growth is often a quick harbinger of the beginning of recession. it may not be good for the gdp next year. that means bad for the market. liz: most people are surprised that wage growth is in check. we just talked about it. with adam miller, who runs a job search and job recruitment site, and to us, it's really

interesting because, you know, it's by pennies each month that we see any kind of increase at a time when everybody's trying to fill jobs and it isn't easy. let me then get to even as a bear, the fact that you say wait, there are still investments to be had. what do you like here? >> i like investments that are going to pay you well if i am right and the market goes down. so if you owned enterprise products or if you own genesis, you are getting a 6% deal on the former and a sneaky call on energy prices. in the latter cases you are getting 12% yield so if the stocks go down for awhile, you are still getting four times the ten-year treasury return. liz: hold on a second. genesis energy, that yield is? >> 11.8%. liz: 11.8%. >> yes. liz: that's a great dividend. >> it's a great dividend. you might say it's too high to be sustained. the management there is one that being from houston, we know

well. they are very smart. they are not out to cut the dividend. anything can happen, but they're good. liz: then enterprise products dividend, 6.75%. nothing to sneeze at. tell me what you think about the overall market. right now, folks, we have just, i would say we lost about 40 points of the gains but we are still up 319 on the dow. the s&p, the nasdaq, tech has had an incredible run. do you like tech at all? >> for the balance of this year, i would be very bullish. since 1970, almost 50 years, when the market's been higher after the first nine months, it's gone down in the fourth quarter only three times, 3 out of 49 times. there's probably a reason for that. statistically, it's a very strong indicator that the fourth quarter's apt to be good. away from statistical there's probably a reason behind it. liz: okay. i'm looking at the screens right now and it is all green, except for the volatility index, which

right now is down about 5%. so there is not fear in the market. sometimes complacency can be incredibly worrisome, folks, just for the bears who are out there saying wait a minute, people are too relaxed at the moment. >> the market is feeding on itself right now. it's doing well and it's going to, i think, in the fourth quarter. but there's a coiled spring effect here. sooner or later, and i think it's sooner, a market that anticipates a 9% or 10% growth in earnings next year, it's not apt to get it and at that point, the tired bear begins to topple and when it does it will topple rapidly. liz: the tired bear. okay, folks. once again, we are going to go through these numbers. the dow jones industrials is having a bang-up day but look at the s&p, up 28 points, the nasdaq is also on a tear. you have names like advanced microdevices, general electric, lots of green on the screen at the moment. even whether it is incremental or bigger, but energy has been

just a huge winner today. has it not? >> energy has been a huge winner, liz. energy has been coiled between a floor of 50 and high of 60. it's close to that now. fundamental things are going on that indicates energy is quoted as high as $80 a barrel. cutbacks in opec are one thing. second factor, the banks won't really lend to shale producers anymore. their experience has been bad and they are afraid to go back into that barrel again. i think the opportunity for fracking companies to borrow money is very limited right now. if that's the case, prices could go quite a bit higher in the weeks and months ahead. liz: george is a 2020 bear but kind of gray around the temples 2020 bear.

liz: the dow up 339, smp of 28, nasdaq is up 86, have a great weekend everybody. thank you for joining. connell: how about a doubt 28 take. looks like we'll settle about that with a huge date with stocks surging on a blowout, job support, all three of the major averages in green and the economy had the most jobs is added in ten months. melissa: unbelievable. connell: traffic report after the president's top economic adviser came on, foxbusiness said close to a trade deal with china so we also have that in the market and the dow going higher by 336 points. melissa: that's a nice looking chart. connell: it goes up and stays there right around the highs of the day. good to be with you, happy friday but i'm, which ain't. melissa: and i'm melissa francis. th