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tv   The Claman Countdown  FOX Business  December 26, 2019 3:00pm-4:01pm EST

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honesty. i wouldn't have told anyone i sold amazon at $60. just joking. hey, buddy, thank you very much. >> what can i tell you, it happens all the time. i made a lot of bad trades over the years. charles: here's kristina partsinevelos in for liz claman. kristina: thank you. your fourth hour of tv done. thank you. we have got a santa claus rally in full swing today. the dow, s&p 500 and nasdaq all set to close at all-time highs. the dow looking for its 21st record close of the year. you've got the nasdaq topping that magical 9,000 mark for the first time ever. it could see its tenth straight record close. it will be the longest record run in 22 years. and big tech powering the gains in 2019 but will silicon valley be the engine behind a runup in 2020? direct shares funder and ceo tells us how he sees tech in the next decade. plus, 2020 could be a big year in sports media, as the
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streaming giants look to move in on some major sports rights up for grabs. we will look into our sports crystal ball. and the annual ritual has begun, as shoppers hit the stores the day after christmas to return those unwanted gifts and use their new gift cards to buy what they really wanted. we will have a full report. we are less than an hour away to the closing bell. i'm kristina partsinevelos in for liz claman. let's start "the claman countdown." kristina: what a different picture compared to last year. december 26 this year, you are seeing tesla hitting a new all-time high today on the heels of a price target hike by wedbush analyst dan ives, earlier today writing that tesla delivered strong model 3 demand and profitability that seems to be on the rise in the third quarter. ives also raised his price target, get this, from $100 to
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$270, now to $370 while retaining his mutual rating. musk saying disney plus is coming soon to tesla's theater feature. shares are still up $5.70, that's about over a 1% -- you are definitely seeing strength there. dan ives well known within the tech industry, he's also weighing in on former uber co-founder travis kalanick who is leaving the company's board at the end of the year, calling it a positive for the company that will allow current management to strike their own path forward. kalanick sold out his entire position in uber over the last two months, netting around, get this, $2.7 billion. uber up ever so slightly, just $30.67 at the moment, about 23 cents higher. but one major, major mover today is rite-aid. rite-aid is jumping to an 11-month high, more than doubling its december 18th closing price following better
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than expected q3 results. guggenheim analysts raised their price target from seven bucks to $12, following the results. look at that, it's almost 14% higher today. rite-aid is on pace for its best month since april 2009 and its best annual performance in five years. but the nasdaq is a big story today. it's hitting an intraday high above the 9,000 mark for the first time ever. is the tech-heavy index closes above that level today it will have taken almost 335 trading days since closing above 8,000. what will push the nasdaq a further thousand points and how long could this possibly take? we are getting our floor show crystal ball, i should say, at the new york stock exchange. steven guilfoyle, at the cme phil flynn and as well at the cme, probably in different cameras, alan nuckman. i want to start with you. every single -- we have been talking about it all day trying to predict what is going to
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happen in 2020 but do you feel like heading into january it may be too early to even sell despite these highs that continue to come every single day? >> yeah, i totally agree. i think you want to stay the course. tech has seen a takeoff of nearly 50% since this time last year so it was a very different december to remember. the markets are very strong. this has been a ten-year rally. nothing changed as far as the fundamentals go. the markets have been able to digest all the information and this year, have been able to put it, turn it into a positive. we aren't going to raise interest rates any time and the dollar is looking to decline. that could be the next catalyst. i'm still looking for markets to remain strong. kristina: since you mentioned tech, sarge, i want to talk to you about amazon. i know you own this stock. we will preface that right off the bat. they said they added, according to the note this morning, five million new prime members, recurring revenue of $119 per week, yet they are spending a
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lot when it comes to free shipping. what about the margins for amazon going forward? what do you think or how do you feel about them? >> well, the whole story is advertising at aws. that's where the margin is. to be honest, i came in today flat that stock. i have been in and out of that stock all year. when it came up against the 200 day moving average and took that line, then showed support at that line, that's when i bought it. i'm not in it for the whole $75 ride today. i'm only in it for about half of that. but the big deal is with amazon, if they can work on that margin because the revenue is there. the revenue growth is there on a consistent basis. if they can knock down, improve that margin somehow, then this name is set to take off. it's a whole new ball game for something like that. they have to fight microsoft, they are probably -- they got rid of fed ex, at least for some of their prime sales, now they got to compete. they are probably going to compete in that space eventually against the likes of the u.s. postal service, against the likes of ups, so i do think this is a long-term major growth
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story. you got to play the game. you have to actually watch the ebb and flow. it's trading in a channel where you can do that. kristina: i want to follow up with you because i want to stick with amazon for a second. given that amazon is focusing on this delivery service, no longer working with fed ex with third party sellers, what about aws, amazon web services? you foresee that being something that possibly gets sold off? >> i don't think so right away. kristina: to phil. go ahead. >> no, go back. kristina: no, that's okay. i have a very specific one for you. sarge, if you can answer that? >> say what? kristina: okay. phil, go right ahead. you haven't been paying attention. >> are they going to sell the web services? yes. >> the answer is no right now. i think amazon is going to continue to grow, they want to expand more and more. no, they are in an expansion mode, i don't think that's going to happen. sarge may have a different
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answer. kristina: he wasn't listening. oh, now you're paying attention. >> did you see me put the thing back in my ear? okay, listen, you want to get back to the market here. the s&p and the nasdaq are up, what, 9%, 9.5% since october 2018. that's the trajectory we're on. coming up in january, we got quarterly taxes, that's going to take a bite out of the market, perhaps. we have property taxes for individuals coming up. coming into march, that's when you get your temper tantrum. that's when -- the march 18th meeting is when you have to speak about getting rid of the t-bill buying program that's supported the market to this point. as we move on through the year, you have the election. should socialist democrats start looking good in the polls, the market will give up a whole lot. kristina: phil, i have bhoone m for each you. if you look over the past decade, energy has been hit hard. however, going into 2020, because we are predicting everything with our crystal ball, you have strength coming from china, really strong demand when it comes to oil, and india as well. where do you think, is there
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anything you would recommend for our viewers going forward within the energy sector? >> i think you want to be buying the breaks on the energy sector and look for value, and actually look at the international companies, maybe move away from shale a little bit. this is a sector that has been the laggard. it's probably going to lead in the new year and it's mainly because of demand, and the demand story is going to be the story we are going to be talking about in 2020. >> you are exactly right. we are buying the dips in energy, buying the dips in health care going through the year. kristina: you are chiming in now because you feel bad about before. alan, i have a very specific question. you were talking about the catalyst and the u.s. dollar before. emerging markets, so often we talk about a shift in the strength overseas. what are your thoughts going forward with emerging? >> i think there are some pockets of despair out there you want to take advantage of. i'm the kind of guy that looks for beaten-down stocks and sectors. to get back to where phil is going, i very much agree that energy is probably a better play
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because we have talked about over and over the global growth slowing and i think that that market overshot the downside. the stock market obviously fully recovered and you are seeing stability in interest rates. we're not going to cut rates. there was a 20% chance we were going to cut rates in march. now it's down to 5%. it doesn't look like there's any cut in all of 2020. so the next stimulus that i think the politicians and policy makers can use is talking down the dollar. they have already started to do that. that can be a big boost for corporations, a big boost for the energy stocks that really have just started to bottom out. they've got a lot of upside, solidly above 60. the next target there is 70. kristina: that was very enthusiastic conversation. thank you guys for joining me. i appreciate it. all right. looking to keep the skies safe. the federal aviation administration proposing a new rule today requiring commercial
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drones to have remote i.d. technology. to find out what that means, let's go to blake burman, who is in the washington, d.c., not standing outside, i was expecting you to be in front of the white house. reporter: they let me come inside. i will at a time. i will take it. this is a story originating out of the department of transportation. essentially what they are announcing today is this proposed rule for drones. think of it like cars, there's a license plate on the back of a car or airplanes when they are flying, the faa is able to track them. same sort of concept they are putting out there with this new rule for drones. they want to be able to track just about every single drone that is going to be flying in the skies. when you talk about just about every single drone, there are a lot of them because the faa says that right now, they believe there's about 1.5 million drones in this country operated by about 160,000 pilots, as they call them, as the faa made this announcement or rolled out this proposed rule earlier today.
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the head of the department of transportation secretary elaine chao said this, saying quote, they will enhance safety and security by allowing the faa, law enforcement and federal security agencies to identify drones flying in their jurisdiction. the head of the faa also said quote, as a pilot, my eye is always on safety first. now, this is just a proposed rule at this point. there's going to be a 60-day period for the public to chime in, then the compliance period here is some three years. so there is some lag time here but the bottom line, the faa trying to figure out a way to monitor all the drones that are flying in the skies and it seems like this is like a 250-page rule they put out there to sort of boil it down. it's about 400 feet, whether a drone goes farther or less than 400 feet will kind of determine how that drone will need to be tracked, monitored and the technology around that. kristina: i feel there's going to be so many regulation headaches going forward on this. i'm glad they let you inside.
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reporter: it's 72 in here. lot colder than that outside. thank you. kristina: blake burman, thank you very much, in washington, d.c. boeing, the biggest drag on the dow 30 as investors analyze monday's changing of the guard at the aerospace giant. up next, disgraced film executive harvey weinstein could face new charges in the new year as the los angeles district attorney considers the merits of new sexual assault accusations. details on that and much more coming right up on "the claman countdown." as a reliable phon. 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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kristina: new developments in the l.a. county sexual assault investigation into harvey weinstein. the district attorney now considering criminal charges in eight cases against the disgraced film maker. this as weinstein faces trial in manhattan next month on charges of rape and sexual assault. jackie deangelis is in the newsroom with the details. jackie: good afternoon to you, that's right. this is really the latest in this harvey weinstein scandal. so he's awaiting trial here in new york next month on charges of rape and sexual assault. now, the lada now looking into these other eight cases against him. the d.a.'s office has received four cases from the lapd, another four from beverly hills. it's got to decide if it's going
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to file official charges on these cases. the d.a.'s office didn't give details, but it's been looking into these charges for a little under two years. two of the cases, however, were submitted just in the last couple of months. now, apparently the lada set up a task force to look into some of these allegations but there hasn't been prosecution because some of the claims fall outside of the statute of limitations, it's ten years for sex crimes. weinstein is also facing civil charges in addition to these criminal ones. some of this has fallen on to the weinstein company its insurers are agreed to pay a $25 million global settlement. we will wait to see exactly what happens but he is far from out of the woods here. kristina: seems like the office was set to act in the new year, right? some of the stuff in january? jackie: that's what the expectation is at this point. it would be better probably for everybody to kind of get an idea of what the timeline looks like.
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kristina: thank you, jackie. appreciate it. jackie deangelis. let's move on now to the big board. the dow up pretty much almost flat, 45 points, climbing higher, though. what we want to talk about is 2020 and how it could hold some serious field drama as the nfl gears up to negotiate its broadcast rights. could silicon valley make its move to get a piece of the streaming action? we look into our sports crystal ball. we are heading into 2020, everything is about predictions. that's all on "the claman countdown" coming right back at you.
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kristina: got to take a break for a really really important story. the peloton husband looking for redemption after sean hunter giving his real-life girlfriend, yes, a real-life girlfriend, you guessed it, a peloton bike. hunter capturing the moment on his instagram saying here's hoping this goes over better the second time. merry christmas to my actual girlfriend and putting in parentheses, please don't leave me. peloton's holiday ad in which the actor now known as the husband gives his nervous looking upper middle class wife a peloton complete with early morning on demand spin classes and it drew so many criticisms of sexism, fat shaming and classism upon its release to the point where peloton actually removed the husband from the commercial and now it just runs with the woman. the ad, though, sparked major spinout in shares even before, this is andrew left, he put a $5
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price target warning on the stock. you see it's $27.05 right now. that would be a huge drop. peloton down nearly 6% right now and sinking more than 23% since december 1st. while peloton spins its wheels, we could be looking at a major disruption in the sports media landscape in the mu yenew as silicon valley sets its sights on pro sports broadcast rights. here with his 2020 predictions is sports business journalist john rand. thank you for joining us. >> happy to be here. kristina: i know it's a busy day for you. let's start with the nfl and the collective bargaining agreement and how that's going to change, adding 17 games. what does this mean for advertisers, players, everyone? >> well, even before they were going to add that 17th game which it looks to be almost a certainty, the nfl right now among all television programming, not just sports, it gets the biggest ratings, it gets the most advertising dollars by far.
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so in a television landscape where you have people going to netflix and people streaming a lot of entertainment programming, the nfl still brings huge audiences and advertisers still want to get their wares in front of those audiences. so look for all of the broadcast networks to pay big. i'm told like as much as 60% to 70% more than they are currently paying in order to keep the nfl on their air. kristina: what about if we are talking about the various media outlets, what's going to shift? who's going to get what? >> cbs and fox own the afternoon programming games and i would expect them to keep that. i would expect sunday night football to stick with nbc. it's been the number one prime time show, this will be the ninth straight season. it's a television record going all the way back to the invention of television. i can't see the nfl taking that off. thursday night football, that could change pretty easily. i could see abc getting into the mix and possibly showing monday night football. basically, everything's in the
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air and all of these companies which four, five, six years ago were really pushing their cable networks are now back pushing their broadcast networks, trying to get as much nfl programming on the broadcast networks. kristina: we have on your screen, you can see amazon and netflix. we just talked about all the conventional media outlets. what about silicon valley technology firms streaming platforms, how are they getting into this? >> i have been writing about this for years. everybody is waiting for amazon, google, netflix, all these really deep-pocketed tech players to get into the arena and bid up the rights. so far, they have been described to me by many people as sort of professional tire kickers. there are people that get in, they look, but there's no real business for them there. i see them continuing to dabble, especially in the nfl. i can see amazon which carries the thursday night games now simulcast from fox and nfl network, i can see them picking up maybe the international games.
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i could see possibly sunday ticket moving to an amazon or google or my prediction, i have them going to netflix which may or may not happen. i could see them going to a streaming company. as far as these really big packages are concerned, i don't see any of the tech players really getting involved with that. kristina: what about, there are two other sports i want to cover. start with golf. what do you expect going forward with the tour? >> thank you for bringing that up. that's actually one of my predictions. it looks like it's already come true. so far, nbc and cbs, two incumbents, have agreed to a new deal and golf channel, which there was a big question about whether they would be part of it, they also agreed to a new deal. the holdup on that being announced and why it's going to be announced probably in the next two or three weeks is the digital rights. espn plus is looking at it, golf channel and discovery are looking at it but noteworthy, amazon and none of those big tech companies we were talking
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about are looking at the digital rights. kristina: john, just i have a question, though. there was a big story on tuesday here on the network and that has to do with draft kings right now going public. what do you think of such a deal given that it's used by so many? >> probably the biggest story on my beat outside of the nfl is gambling. you have all of these television networks trying to figure out how to profit off of legalized gambling. then you have companies like draft kings and a lot of people have told me to keep my eye on them because there is probably a mid-tier or smaller tier league that's going to sell their rights so that then they would be streamed off draft kings' platform and kou gambyou could ain't will be much easier. if you were to buy stock in one of the online gambling companies like draft kings, that's something that is ready to take off. kristina: before last
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prediction, we are talking about online gambling, wouldn't espn plus really benefit from this? we saw the numbers start to climb as more people are streaming these sports shows on their devices? would disney not be a beneficiary? >> absolutely. the big question is how they are going to do it. if you take a look at mickey mouse and disney, does disney want to be associated with what is essentially a vice, gambling. they do have online programming or they have programming on their television sets where they do it. they are not going to be like a sports book where they are taking bets. but fox sports is a company that they don't have any problem with that. they are actually setting up to where they are partnering with somebody and actually taking bets. there are plenty of different strategies these television companies are looking at and it's going to be interesting to see sort of which one carries the day. kristina: quickly, who's going to win the super bowl, in your opinion? >> oh, the ravens. come on. kristina: i'm sure a lot of viewers can weigh in on twitter. shout out to your daughters in the green room watching right
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now. >> poor things had to come with me. kristina: thank you very much for joining us. we appreciate it. thank you. have a great day. holiday sales jingling all the way. with about 30 minutes to the closing bell, a record christmas and hanukkah haul boosting some of the biggest names in retail to the top of the market. amazon, the biggest winner of all intraday, up more than 4% right now after reporting its own record-breaking holiday season led by its echo line and fire tv stick. e-commerce overall taking more than 14% slice of the holiday sales pie. up next, could this still be to come for retail registers? jeff flock dives in as holiday shoppers look to return the lumps of coal they wish they hadn't fallen off of santa's sleigh. that and more when "the claman countdown" comes back.
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kristina: it appears diamonds may still be a girl's best friend this holiday season. tiffany reporting a 1% to 3% sales jump in the last two months despite challenges due to anti-government protests in a key luxury market, hong kong. mastercard reporting a jump of 3.4% in holiday sales year over year, driven by online games, those holly jolly sales figures pushing the s&p retail spdr etf up about half a percentage point right now at $45.97. that is the highest point this year alone. but could the best still be to come for retailers? as shoppers hit their phones and the malls for the joy of holiday returns. i'm not sure if that's a joy or not. jeff flock is live in chicago's shopping mecca, state street, joining us. is it packed out there right now? i see a lot of shoppers taking advantage of the deals. reporter: absolutely. this is the old marshall fields,
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now macy's. these are the iconic windows that you see. that's santa claus on a super-charged sleigh. i suspect you have gotten diamonds on this holiday, you wouldn't be returning them, but a lot of people are. this in fact is not the biggest return day. take a look at this. national return day is actually january 2nd, 2020, when ups expects to process 1.9 million returns. that's up 26% this year through last. in terms of what is being returned, here's an amazing statistic. 77% of people that got gifts will return at least one of them this holiday season. 20% plan to return half of their gifts. to me, that's kind of crazy. they will do it within a month. a lot of stores require you to do that. 80%, though, this is a plus for bricks and mortar like the old macy's here, 80% say they want
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to return the gift in person in a store as opposed to shipping it back online. the cost of course to that is big for the businesses. $40 million worth of returns, and that translates, i think, let me be sure i've got my numbers straight, i think $40 billion worth of online returns, that's $50 billion in lost profits. i will leave you with this one. total returns this holiday season, $100 billion worth. that's an increase of about 10%. not enough people are getting diamonds. because people are getting things they want to send back. kristina: well, unless maybe it's an ugly diamond. honestly, did you get anything you didn't like and want to return? reporter: no. in fact, you know, at my age, i got too many things already. it would be a gift if someone would come into my house and take half my stuff. that would be a positive. kristina: i feel like that's a
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good motto to go by. jeff flock, thank you very much. hanging out on the street. let's move on to the dow. the dow up 38 points at the moment as we head into the close. up next, can will smith's billion dollar turn as the genie keep the magic going in the streaming wars? the new live action front that could offend the digital battleground. we'll be right back. of the prods i helped develop at 3m was a more secure diaper closure. there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people.
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disney's live action "aladdin" and "lion king." the two films each crossed the $1 billion mark for the magic kingdom's parent company, disney, during their respective theater runs. netflix hoping that willy wonka can add magic as "friends" and "frazier" sing their swanki son on the platform. both the gene wilder classic and tim burton as well as johnny depp's take on the candy man set to hit the original streaming service on january 1st. shares of netflix in the red and disney trying to hold on to small gains with less than just -- almost less than 20 minutes to the closing bell. i have to do this. i have to do this. you know i have to. now to everyone's famous oompa-loompa, connell mcshane.
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i don't need little dashes in everything. i think i'm okay, thank you. connell: you did that very well. thank you. kristina: i was able to read it. thank you. connell: how is this transition? coming up we talk about the hong kong protests. we have a lot next hour to get to. interesting, on a holiday week like this, the one story that has been constant are the protesters in hong kong and the violent clashes with the police and the response. a former navy commander is coming on to talk to us about that. we will get into north korea a little bit as well. then you know, like you say, 15, 16 minutes, we will see whether we can set some more records and we get a nice round number in the books in the markets. nasdaq 9,000. see if we get there and stay there at the top of the hour. kristina: you did that transition very well. i apologize for calling you an oompa-loompa. connell: i have been called much worse, thank you. kristina: apple, the sharpest of the fangs in 2019. the dow's best performing stock
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up more than 82% this year hitting another new all-time intraday high today. its closest competitor on the blue chips, microsoft, up more than 55% year to date. will 2020 be another year of the big tech bulls or could lurking regulatory and global economic threats ruin this economic run? that's why we have to go to gregory king. he joins us now. i want to talk actually big picture. let's start with that. everything is themed around predictions heading into 2020. you have seen a stellar year for technology in 2019. given the valuations going forward and we talked about amazon's margins, what do you think is going to happen for 2020? are we going to continue to ride this tech wave? >> that's what we think. is it going to be as big as 2019, probably not. but i see the market generally just climbing this wall of worry. you've got stuff happening with trump, obviously in an election
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year. there's going to be stuff to worry about but it just seems like things are firing on the cylinder thas that they need toe on for tech to continue its grind upwards. you have that leadership demonstrated by apple and the other big boys that's just going to continue in 2020 is what we feel. kristina: you mentioned the big boys. everybody is focusing on the big boys because they are really great to talk about on television. but are there any smaller players that you can talk about or some value tech? >> there are. kristina: even though they are value, but -- >> yeah. so our approach is to look at sectors actually through the lens of the big boys. we feel that that's the way to make sector plays. so the fang plus index that we actually use is top ten names, developed by the new york stock exchange, it's basically a big boy index. the reason we like that is because you can stock pick obviously in the smaller names and try to get the calls right. we feel like investing in the big themes, whether it's cloud computing or streaming or ai or
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robotics, they are all encapsulated in the big boy names. that's where you've seen the leadership. kristina: you have this product that is a pure play big boy, whatever you want to call it. how is that different from the other tech etfs that are already out there? is it because they have other players that may not necessarily be technology-based 100%? >> yeah. so there's a theme that goes with etfs and it's diversification. we are different with these products because they are ten stock baskets. that's not diversified at all but we take the view that most investors at least if they are using these type of products should be diversified in their overall portfolio, right. so these products are used for making side bets or taking a view, maybe even hedging. in that case, you've got a broad set of tech etfs out there, might have 200, 300 names in those baskets of stocks, which is great if you want diversification. i think there's such a thing as overdiversification if you are taking a sector view and a sector bet. kristina: you just went public
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with this product, correct? >> we have a number of products -- kristina: okay. you went public with the etf, exchange traded note version of this, right? >> right. we have three fang plus linked, actually, the fang index by the new york stock exchange has a little plus like apple tv. kristina: if we can preface, how did that do in 2019? >> it did amazing. it's up around 40% right now. if you look at the last five years versus one of the bellwethers which is say the nasdaq 100 index, it's up something over 100% more than that index. kristina: can you explain to our viewers, i know this is a very simple question but not everybody knows it, the difference between an etn which you patented, you created the exchange traded note, and an etf? >> so etfs are funds that hold baskets of securities. etns are very similar, but they are actually pieces of debt issued by banks that promise to pay a return on an index. so in this case, these etns are issued by the bank of montreal, canadian bank, and their promise is to pay a return on the new york stock exchange fang plus
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index. the reason this product actually has to be an etn because it's only referencing ten names, and with funds in the united states, you need to have at least 20 securities in the basket and like i say, most etfs have a couple hundred, really. kristina: so when you are not -- couple hundred when you are not as diversified, wouldn't that be cause for concern with some head winds? think of online privacy, regulation, and we know heading into 2020, regulation is going to be a huge theme. we are already seeing it amongst a lot of the democratic candidates. they bring it up all the time. >> it's true. within these companies, though, there is always diversification within them. they have different business lines. these are mammoth companies. the other thing is, we don't view these products as being a huge part of industrial portfolios. investors should speak to their advisers, they should have broad diversified portfolios, then if they want to take a view, put in a concentrated position or even hedge, we have inverse products as well, then these are great tools, we feel, for doing that. kristina: i will narrow in on
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just one company, amazon, given its reach across the country, across the world, i should say. we keep talking about the numbers that are really strong. do you think amazon could be a company that splits off like the web services into a separate company? >> there's a lot of talk about tech breakups and so on, and the regulations that may be coming. we could see some of that. i don't know that that's going to be a huge detriment to the overall tech sector. i think it's a story that plays out over time and really something that you kind of always have with big companies who are just huge and gaining a lot of profit. kristina: one of the companies is tesla. we think of tesla, the fact it hit an all-time high, it seems to have really like given it to the short sellers out there. >> i think we need to take away elon musk's twitter account but other than that -- kristina: you still think he should stay on as leader of the company? don't give him access to twitter? >> personally i don't have a view on whether he should stay on. i mean, i'm surprised at some of the stuff he chooses to twoeet out but that's elon.
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as many people that think that truck, for example, that launched was weird looking, i know a couple guys that sent in their $150 or whatever it was to reserve one. he's striking a chord with somebody. kristina: a lot of people. they signed up for that latest model. thank you for joining us. appreciate it. the closing bell rings in about nine minutes. we could see yet another set of records. as we ring out the old, today's "countdown" closer has some 2020 resolutions to keep your portfolio humming well into the new decade. be sure to tune in to "bulls & bears" each weekday at 5:00 p.m. eastern time. see david asman and i tackle the day's hottest topics. we'll be right back. we're a rel. 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.
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and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk ♪. kristina: closing bell less tan six minutes away.
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the markets are hitting fresh record highs. the dow needs 36 points for its 21st record of the clear. the nasdaq about to close, look at that definitely well above the 9,000 point now. this is the first time ever for the nasdaq. but we got to talk about ww, formerly weight watchers. that is losing today. not in a good way. let's go to gerri willis live on the floor of the new york stock exchange right now. gerri, what is happening to ww? >> this is one of the negative stories, one of the few today, right? look at the stock down 8%. why? nutrisystem coming out with a program for weight loss. it is stealing thunder from weight watchers own customizable plan. what it is based on? algorithms, about the mass, kristina. take into consideration a person's body type, food preferences, target weight, even level of physical activity. they're expanding number of foods you would eat to 41 at
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nutrisystem including planned-based grain and vegetable bowl. even cream-filled dessert cupcakes. everything loses that to lose weight. not. i'm so surprised. this stock getting hammered. weight watchers down 8% on the news. we'll continue to watch them. this is interesting story. the company often struggles with these kind of headlines. back to you. kristina: have you ever tried weight watcher cupcakes? >> i have tried some of their food, yes. kristina: thank you for letting us know what happened to the stock appreciate it. >> you're welcome. chris considers as markets race toward new decade. what 2020 resolution should investors make ahead of the new year? why we turn to jimmy lee, founder and ceo of wealth consulting group from las vegas. jimmy, thank you for joining us the day after christmas. i want to talk about 2020, how to best protect yourself heading
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into the new year. we often talk about the january effect. do you have any pieces of advice for our viewers? >> happy holidays, kristina. i do have advice. the most important, is not to try to time the market. investors did it again this year, kristina. up until recently the last few weeks investors pull out record monies out of stock funds and put it into bond funds and money markets. bond fund had a decent year. money market yields are still relatively low compared to the incredible returns in stocks. investors once again have, you know, bought high and, buy low and sold high. don't time the market. if you're a bullish investor, the idea, that retail investors or individual investors pulled money out of the market, is a good sign the market could run up higher. have a balanced portfolio. look at the portfolio, make sure it is diversified.
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having growth and value stocks is very important. >> mentioned cash. given a large amount of cash on the sidelines, possibility it will reenter the market heading into 2020, january take advantage of taxes, et cetera, is this almost adding to an artificial high in overvaluations? >> well i think in terms of the amount of money in cash, i think it is very important that investors look at not trying to chase the market now. really should stick to diversified portfolio. in terms of valuations how that goes, if you will invest in certain sectors high, make sure you're not overweighted and make sure you're diversified. look for value opportunities. i think going forward, having value, diversified portfolio across the board in all asset classes is really important for 2020. kristina: want to talk about your sector picks. emerging market, health care, technology. focus on emerging markets first given struggles over last decade. why is that something to watch out for in 2020?
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>> emerging markets are expect to have fastest growth rate year-over-year. international investing will come into vogue as u.s. dominated the past year. emerging market is coming back into vogue. with countries outside the united states, starting to bottom out, starting to turn, with the trade deal we think technology will do well as we did this year. health care also, a good way to provide balancing effect of growth sectors, providing nice dividend. we think health care will continue to do well. kristina: jimmy appreciate that. i was focusing on health care. i'm concerned going into 2020 with the democrat candidates how that does fluctuate when they take the stage to debate. we'll have to leave it there. jimmy lee, thank you so much for joining us. got to cue the fireworks. we already have. record closes. nasdaq closing above the 9,000
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mark for the first time ever and at this point i have to say good-bye. that will do it for the "claman countdown." now it is time for "after the bell." throwing it early to you guys. jackie: pretty good, right. christmas is not over for wall street and wallet. stocks climbing to new highs. market closing at record high. 21st record for the year. good to be with you on a day like this. i'm connell mcshane. >> i'm jackie dean list for "after the bell." longest stretch much records in more than 22 years

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