tv The Claman Countdown FOX Business December 31, 2019 3:00pm-4:01pm EST
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you know, we expect the market to end with a bang. it's all on you. >> susan: [laughter] no way, right? you're the best. you're the best charles payne. let's take a look at stocks heading for a quiet end, at least that's what we're seeing in the final hour of trade to this record shattering year that was a dow and the s&p fault erring in this final hour of trade in 2019 but who knows maybe things could turn around we're only down by 40 points for the s&p and the dow but the fireworks in dubai blasting off live, right there on your screen , right now. the famed display drawing thousands as it does each and every year and yes, it's beautiful and now the fireworks not stopping there. uber and postmates are to kickoff a new year with a legal bang, and the ride hailer behind this year's largest u.s. ipo, and delivery service postmates putting on the gloves with the state of california over its controversial new law set to
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take effect in just hours from now and not to be outdone, char loss gsohn no one saw am coming in his legal battle in japan now a ceo on the run and we've got the very latest on this unexpected plot twist. plus, what a difference a decade makes, 10 years ago, spacex, virgin galactic and blue origin didn't even exist, with these startups now launching a whole new space race and the fund manager whose ready to help take your portfolio inter galactic with this ufo, now let's check in on the markets as we're seeing dow down is just 41 points or so the s&p 500 lower, and flat by two points, down and the nasdac seeing some small gains, and the 1% as trade tensions are easing, which might give away to a new fight in the middle east, and we're just less than an hour to go to the closing bell. i'm susan li in for liz claman on the final day of the year and the decade, so let's start the
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"claman countdown." >> "happy new year." >> that's countries around the world ring in the new year, hong kong saw more subdued celebrations as authority canceled the main midnight fireworks display, for the very first time in a decade, citing security concerns as pro- democracy protests have reek ed havoc over the city off the past six months so instead of a symphony of lights taking place they are smaller pyro tech knicks launched from victoria harbor rooftops and buildings, over the mainland there. now let's take a look at what's happening with electric vehicle makers tesla and neo both again on the move on this very last day of trade. tesla says it hit its early production target of 1,000 vehicles per-week at its china
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plant and shanghai plant, this a day after delivering 15 of its first made-in-china model 3 sedans and day two of gains for chinese ev maker the electric car maker called neo, after piper jaffray raised the price target on the stocks to $4.50 a share on upbeat results, and china's tencent music is leading that will buy a 10% stake in universal music group which is home to artists like taylor swift, kanye west and yes even the beatles, and the sale values that control universal at around $34 billion. in retail, dick's sporting goods is seeing some gains of 4.5%, that's in a flat market after cowen raised its price target on the retailer to $53 a share as its research shows the higher income consumers actually prefer these athletic wear stores so yes they are still going and art s and crafts retailer michael
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's meantime let's check in on another retailing name and that's the theme as we head into year's end seeing gains of 8% quite a rally and this is after it fell 10% yesterday, soaring 33% on friday, after announcing a new ceo that they just hired away from walmart. so back to the markets and with less than an hour to go in trading, yes in 2019, and also for the decade as well, it was a banner year for the major averages. the dow seeing gains of 21%, s&p on track to bookend gains of 28% and that would be the best year in six and the nasdac probably the outperformer on the year up some 35% and now based on historical data here is what we expect for 2020 after a blowout 2019 since the dow is up more than 20% this year, it'll see gains on average close to 8.8% let's call it 9% next year, the s&p also up more than 20% and historically it'll be up
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another 11%, the following year and the nasdac up more than 30% as i mentioned close to 35% in 2019 historically the nasdac will see gains of 14% in the year next. so the phase i trade deal set to be signed in roughly two weeks time, january 15 and election year, our floor traders and investors should really be paying attention to, chris robertson, phil flynn and guys what a banner year, you got the best in six, could have been the best in 30 or close to 20, over 20 at least, but we'll take it right jonathan? >> absolutely, i think coming into this year, the expectations were high, but i don't think anybody was really expecting this, and your historical data predictions for next year, sign me up for that right now because i think with all of the headwind s that we have next year could definitely be choppy. i do see positive returns but not as the high returns we've seen this year right so we're
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going into 2020 talking about u.s. china, we're talking about brexit, interest rates, north korea, election coming up, all these different things could really sort of go into our markets. fundamentally, u.s. economy is strong, global economy is getting stronger too certainly lagging behind but overall the sentiment is behind this market, so i think as a prediction, market returns, anywhere between 7-9% dow and s&p i think would be healthy for our markets right now. we cannot continue to go up 20% year after year, i think we need a little bit of a pullback just to keep reality in check. >> susan: if you want to stretch it out to the past 18 months when the markets were only up 10% because of the big sell-off we saw last year in december, because the fed was raising interest rates, chris, you have the fed on your side, and we do have a phase i china u.s. signing expected on januare outliers that could impact the markets next year? >> well i think that depending
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on what happens with the election if it looks like the president won't get re-elected i think you might see a pullback there. there's a common feeling that a democratic president would be negative for the markets and i don't know if that's true but it's certainly what people assume, so that's number one. number two i think the thing you have to watch is what impact is the weakening u.s. dollar going to have on not only on stocks but also on commodities across-the-board. i think that's going to be a story that we'll watch, is the dollar going to weaken further and that's what i would watch for 2020. >> susan: but chris, the dollar is at its weakest since july. this is a good thing by the way because people are rushing into the safety of the dollar, because where else are you going to find places to put your money and make money, so i would say this is actually positive, isn't it, for u.s. exports and big companies, especially when it comes to their bottom line and profits? >> yeah it should be positive but again, we saw that happen last year. when people think something is
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going to absolutely happen, this time last year, we were talking about the 10 year being at 4%. everybody forgets that so now the 10 year yield is at 2% so be careful when you start making big, broad, anticipations that's what can turn around and surprise you, so that's what i would be watching as sort of a pivot would be watch the u.s. dollar. >> susan: we're looking at the fourth best decade rally over the past century, not bad, phil. i'm just wondering if you're as positive as what we're hearing from goldman sachs who is predicting 3,400 for the s&p at the end of 2020? >> i am, why not and i think you made a great point, we started this great market rally with a bad start to the year, and we're ending it on a very strong note and i think we have a lot of room to go in the new year. one of the areas i'm most excited about is what's going on behind me most of the time and that's the commodities market. i mean if you look at where the stock market is and you compare it to the average basket of commodities, we're way out of
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whack. i mean, look at the consumers how strong they are and how much they are consuming. at some point, that's going to have a major impact on commodities and we started to see a little of it last year. we saw it in palladium, and platinum and see it probably in copper once we get the u.s. china trade deal and i think we'll see it in grains eventually, because sooner or later this u.s. china trade deal is going to open up the door for trade in the new year so i'm very excited about this new year and besides election years are traditionally up years in the market anyway, and you add in this extra stuff with the trade deal, i think it's going to be a great year. >> susan: a lot of people are hoping it is and a continuation. guys thank you so much and thank you for the year. >> thank you. susan: happy new year to you all. so it's a date we have president trump officially saying he will sign the phase i of the u.s. china trade deal on january 15. the president will then travel to china, at a later date, still to be determined to begin the second round of talks for phase ii. so the deal follows an agreement between the u.s. and china
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earlier this month, and to rescind some existing tariffs while delaying others in an effort to ease trade tensions and in the meantime we have the administration facing a frightening scene in iraq that is escalating by the minute. the u.s. embassy and baghdad is under attack, with president trump, pointing the finger at iran. fox business blake burman standing by with the very latest in d.c. >> blake: hi, susan the white house revealed president trump spoke with his iraqi counterpart , that phone call coming as about 100 marines were sent to help fortify security at the u.s. embassy. that facility in baghdad attacked today by protesters and fox is told that even at one point, an army apache helicopter gun ship flew over that embassy and dropped flares in what was described as a "show of force." now tensions have really picked up in the last handful of days in side iraq. on friday, a u.s. contractor was killed and four troops were injured at a base that was hit with rocket attacks.
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the u.s. pointed the finger at a group operating inside that country, which is backed by iran then, on sunday, the u.s. followed up with air strike s. on monday, iraq's prime minister said that u.s. decision violated his country's sovereignty, and then fast forward to today, we see the protests at the embassy in baghdad. president trump earlier today sent out this warning on twitter saying, ", iran killed an american contractor, wounding many, we strongly responded and always will. now, iran is orchestrating an attack on the u.s. embassy in iraq and they will be held fully responsible and in addition we expect iraq to use its forces to protect the embassy and so notified." there apparently was a meeting earlier today on this, as senator lindsey graham a close allie of the president tweeted out the following saying, "just had a very good meeting with president trump and his team regarding the situation in iraq.
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president trump is determined to protect american personnel and expect our iraqi partners to step up to the plate. no more benghazi is how the senator ended that tweet." as you saw the president say in that tweet, susan. the u.s. has said today on multiple occasions that it believes that it is the responsibility of iraq to protect those american citizens inside that country. >> susan: meantime we also got the latest on u.s. china trade with phase i to be signed on january 15 and then we heard from president trump that he will travel to china at some point next year, 2020 to begin negotiations on phase ii, but no one has seen this 80 page agreement so i think the devil will be in the details of phase i. >> blake: we know the signing is going to take place the president says january 15 at the white house. tbd when the president will go to beijing. we don't know when that could happen, january, february, march , later in the year who knows but you're right, susan all we know is according to peter navarro when he spoke to sandra smith yesterday on fox news it's an 86-page agreement.
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the public hasn't seen it, reporters haven't been briefed on it, the details, the specific s, none of us know it, and i would add we don't know if we're going to know the details before january 15 or not. who knows. >> susan: a lot of question marks and a lot for markets to react to in the new year. blake happy new year great to see you as always. >> you too. >> no new years fireworks for boeing with the aerospace giant finding itself in the red the 737 max-maker reaching a settlement with turkish airlines for a rumored $225 million, and boeing has the grounding of the max fleet now above the $1 billion mark, but boeing not the only name bringing the drama this year, the saga surrounding the ousting former nissan chief carlos gsohn, most dramatic surprising turn yet going inside the great escape from japan, plus a look at the other big named ceo's, whose out in the cold in some of this years
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>> susan: get ready for the movie, reports are the former nissan boss managed to flee house arrest in japan, in a musical instrument case, and made his flight to lebanon. lebanon foreign ministry says gsohn entered the company legal ly and he was under house arrest in japan awaiting trial for misusing company funds and was fired as nissan's chairman in 2018 and there was quite a ceo exodus in 2019 according to challenger research, and 1,480 chief executives at u.s. companies left their post that a big number and joining us is some of the notable departure s, jackie i'd say that these executives left under different conditions. reporter: they did it varies by case to case so 2019 according to that study saw the most ceo departure, since they began tracking that data in 2002, we picked out about 13 of the more
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prevalent ceo's who changed careers before 2020 started but i'm going to give you the big ones the top five here. kevin plank, under armour in october, the company said plank would leave at the end of the year, president and chief operating officer, patrick will succeed him and steve easter brook of mcdonald's interesting because he has such a positive impact on the company and the stock price but that consensual relationship with an employee, violated company policy. he had to go. dennis muilenberg, from boeing after the company faced that crisis with the 737 max jet this year, the crashes it said replacing him would provide a fresh start and repair its relationship with regulators and customers as well and then of course susan i know you love this one, adam newman of wework, of course not moving forward with its ipo, he made investors nervous, his behavior unpredictable, erratic at times change definitely needed there to try to restore some
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confidence, sebastian gunningham taking over in september and finally united airlines, oscar munos, is going to become executive chairman in 2020 and president jay scott kir by recruited to united in august of 2016. so, a lot to watch for, and to see how these new leaders take over in 2020, and guide these companies forward. >> susan: that's a lot of changeover. jackie thank you so much so stocks are actually coming back a bit in the final hour of trade this is pretty good because that means that heading into a holiday, that investors are willing to hold risk and that is positive and bullish for markets but we're going to take a look at outer space after this, because richard branson's virgin galactic taking flight and its shares are up some 58% in the past month reclaiming much of a loss seen after its october 28 i po, so branson, along with fellow billionaires like elon musk and jeff bezos launching a
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new space race into 2010 and up next we have a playbook on taking your portfolio to infinite and beyond. plus, superman actor pulling off a heroic feet for netflix. his new show is topping disney plus' baby yoda starred last week and worldwide views over just the past seven days, and netflix clearly winning the fight but can it win the stream ing wars that ahead and more on the "claman countdown."
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>> susan: so as we end the year and the decade let's take a look ahead and i mean way ahead into the future. when it comes to space exploration, this is a year where no man has gone before. the case of spacex for one, has gone many times, it completed 13 launches in 2019, and the last one being on december 16, when falcon 9 rocket carried a communication satellite into space and now in october, sir richard branson went public with his space tourism company, virgin galactic, but in the meantime he saw a hard landing for boeing and its starliner spacecraft failed to reach the international space station due to a software glitch so investors are looking to get in maybe on the final frontier, they can do so now via the procure space etf, which launch ed in april this year and invests in companies profiting from space, it trades under the appropriate ticker symbol, ufo.
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so, here with more, we have procure co-founder and ceo andrew chan, great to see you, u fo, you had to get in early to get that ticker symbol but some say look space is so far ahead why do i need to buy it now? >> well i think people look at early stage industry ares and they see it as an opportunity or a risk and some people will stay away from early stage industries because they don't know who the winner is going to be and pick up the wrong company but i think what etf's have allowed is for the modern investor to play a theme, a technology, or something even broader, and say do you know what? i do want to play this theme because i do believe in the long term opportunity, but i don't want to pick one or two names and ufohads allows investors to get exposure to over 30 publicly traded companies from around the world specializing indifferent things. >> susan: morgan stanley says the space economy will be worth around $2 trillion by the year 2040. who will be the winners? >> it will be a wide range of
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companies. susan: spacex? >> they are certainly positioned today already to do a lot of things that weren't even possible a decade ago so to say over the next decade will they be a leader? they are setting themselves up to and will they continue this great progress, it'll be tough to see but ultimately rely upon the technologies they build-out. >> susan: spacex, elon musk a $300 million defense contract this year and some would say they are years ahead of jeff bezos and blue origin even though he's throwing a billion dollars at it each and every year. >> from these private companies and the newly-publicly minted virgin galactic but they are getting the military agencies contracts and civilians need so yes there are some farther-off plans like colonization of -- >> susan: mars. >> exactly and other areas but these are all thins that are going to be relied upon the stepping stones that the companies today lay out that infrastructure. >> susan: now, virgin galactic i found really interesting went public along with social capital
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, and they say that they will start preparing for launch es probably next year. is that possible? or test launches? >> and they may send sir rich and branson up in 2020. >> susan if he goes first maybe i'll see how that goes and think about it >> i'm with you. >> susan: why is it your third largest holding? no one has been on it and they haven't made a dime just yet. look at the unicorns like uber, lyft and the like you have to prove to the market you can make money before people will invest in. >> so there already has been significant investment into the company leading up to now and now that it is publicly available to investors, we'll see how the public continues to support the stock, but really, they are one of the only pure- placed based companies and the reason they made it into the fund is because of the passive methodology that the index follows so based on their various calculations, the market cap of the company, the liquidity and price performance moves, that's why it is i believe the third largest
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holding. >> susan: you would actually buy a ticket on virgin galactic in the future to go to outer space? i assume that's a precedent, right? >> i would gladly accept a ticket but probably with the in be on the first flight. >> susan: most of your holds and ufo has to deal with communications and satellites right now? >> that is where most of the clients are actually relying upon space for every day life. you think of things like gps, you mentioned things like uber and lyft and other things, they are all reliant upon gps technology and this is something that satellites allow, so there are many satellite companies, some of them are doing things like gps but many on the communications and if you look at the spread of broadband, global internet things like that , much of that is going to be relied upon satellite communications. >> susan: i have to ask because people love to hear about battles between billionaires, people that have too much money to spend but out of the three, branson, musk, and bezos who would you put your money on to win the space race? >> it depends what your definition is but right now it seems like as far as having a
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broad plan of what they are trying to do it does seem like bezos and musk are going after it the most aggressively whereas sir rich and branson could succeed and it could be from the actual space tourism or some from the point to point hypersonic travel they are working on, so he could have the biggest company in a decade but it might not necessarily be pure play space. susan: this is the simulation video that elon musk has pinned now to his twitter account, which is a simulated falcon 9 manned space mission. it's pretty slick, but getting there will take a little bit longer and his great selling ideas but it might take a bit longer for it to come to fruition. >> that might be why someone wants to invest in a passive fund such as ufo, because you can invest in the fund and the index is constantly looking for new companies to add and remove based on this exposure. >> susan: if you go public spacex and blue origin i think that might be one of your plays in your politico in the future. >> it could be included. >> susan: andrew great to see
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you happy new year. let's take a look at uber and postmates speaking of ipo's this year, uber didn't do as well, postmates might be going public next year, but both are ready to rumble, the california states, as we head into the close, a ride hailing giant and delivery service forming a tag team, to take on california's so-called gig worker law, which would give and could give a major bruising to their bottom lines. up next our all-star tech panel tells us who they think can deliver the biggest punch in this match and netflix wearing the crown for the past 10 years in both the market and the streaming sphere, but could a new tidal wave of competition be thrown the original king of content, sending it permanently into the upside down. that and more, coming up on the "claman countdown" but first here is a look at how thailand's new years celebrations went. when we started our business
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>> susan: we're heading into the final half hour of trade for the year and the decade and take a look at the markets turning around the losses that we saw for most of the session now we have the dow up some 16 points and ready to cap off this 20% year, and best year for the s&p by the way since 2013, but what are the underperformers of the year has got to be uber and lyft two ride hailing companies that went public this year and call it a gig economy uprising, as uber now filing a complaint in california federal district court along postmates alleging that assembly bill 5 in california better known as ab5 the gig worker law, violates the constitution and it's set to go into effect january 1, tomorrow and at california law aims to give wages and benefit protections to people who work as independent contractors, uber
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releasing a statement to this lawsuit stating that "they passed ab5 using a bias and overtly political progress and process that ignored the voices of the workers most effected by the law and granted preferential treatment to an arbitrary group of industries so what does this mean for the tens of thousands of people who work for apps like grubhub, uber, and postmates? " let's bring in our top tech analyst we have brad gatsworth, along with energy partner, tech advisor john meyer. john let's start with you. it's not that ab5 is a surprise, we knew this for a few months now and now they are launching this lawsuit so i'm just wondering what they think their chances are since they want a referendum, first of all uber does in california and they think they get this appeal through the state courts. >> sure well i think the chances are most likely at this point, taking a step back, i mean, i'm typically more
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progressive on issues like this, but i think that this bill is tremendously out of touch, with reality. the bottom line is, and i had the privilege of speaking with the portfolios ceo about this two years ago and the reality is most gig workers do these jobs because they like the flexibility that they gain from this new way of work, and this is, there's a very small minority of people who use these jobs as a full time job, who do believe they are owed more and owed more benefits, and all of that; however, applying a broad brush to the entire echosystem in california will only put more people out of jobs and will in reality, accelerate really the transition to just automating these jobs quicker because the companies will simply have to so there's a lot of problems and i really just don't think it's taking into account the actual
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reality of the way this is all working. >> susan: and the impact it'll have on the workers trying to earn money and wages, brad, speaking to the last earnings for uber ceo they said look we'll get to profitability outside of depreciation and taxes by the year 2021 i said is that inclusive of some sort of resolution to this ab5? does ab5 law that could go into effect in california and he says yes he doesn't think it'll go across the rest of the country. >> yeah, i mean, certainly the focus is on profitability and in today's market if you aren't focused on the bottom line, your stock certainly gets a hit, so of course, i think that this is certainly going to have an impact in the mid-term, to the six quarters if this really does go through and the other thing to think about is on the long term basis, when you have autonomous vehicles, you don't have people driving these cars,
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so the profitability looks even better down in the future, but in the call it near to medium term this is certainly a big negative headwind other companies will face. >> susan: just to put a number to that brad are you expecting stocks to be under water and maybe sell-off a few percentage points? >> it's hard to see where the stocks move. you might actually have given the moves this year, i'm not sure you'll see that much more downside or tremendous downside from a stock perspective. i feel like they have been beaten up and now they are actually getting interesting from a long perspective and now it's hard to quantify exactly the impact, but i guess we'll have to see what actually happens the resolution on the ab 5. >> susan: look we're trading below $30 and uber went public at 45. i think there are a lot of investors who say it's a prove- me market and prove to me you can finally make money, john so i guess in the technology space, are there better picks out there? >> well i definitely think
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there are better picks and if you've seen on the show before know my number one pick is tesla going into the next decade they are the leaders at this point, in self-driving, in battery technology, and they have also applied a vertically integrated manufacturing strategy that really is just going to be un beatable in this next era of e v's and autonomous vehicles as my partner points out. that is the future, they are closer to it than anyone else simply because of the advantage they have on their ai and machine learning technology, and the shear amount of data they have that's actually training this technology. >> susan: brad i was just going to get to your under performance because it's interesting you think qualcomm is something to avoid because apple has bought the intel 5g chip business, do they need qualcomm in the future? >> yes, i mean, i think qualcomm is one of the most one stock to be very cautious on over the next call it 12-24 months. one apple's fall line up for
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2020 iphone was supposed to be only 5g phones so now it looks like they will be adding 4g in the mix and that was feedback from component supply chain and then secondly, it also looks like apple is building their own antenna and package solution, that's something else that qualcomm was looking to sell to apple, for the 5g version, so not only is apple going to have moriscos that aren't 5g and qualcomm but also building a competitive part to them, so yeah i think qualcomm has some concern. >> susan: john and brad great to see you happy new year. thank you so much. let's take a look at stocks as we mentioned in the red for most of the session but heading into the final 15 minutes of trade, on the year and a decade, we have a turnaround we're up and this is a year of influencing, because the perfect trick shots like for instance the rooftop super bowl earned $20 million on youtube last year , but that wasn't good enough for the win in the race with top of the earnings scoreboard. they came in second, up next,
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>> i'll have to stop you right there you used the word controversial. yes. just so you know i am an ex- controversial youtubeer. >> i'm everywhere, baby. i'm everywhere and nowhere. i'm like a ghost. >> i will say my expenses just surpassed my income for the first time ever. my financial manager told me that. >> does that make you nervous? >> yeah, absolutely i'm terrified. i think it's the beginning of
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the end. >> come on. >> susan: first of all it's no joke but yes that was youtube star, logan paul, taking the "claman countdown" viral in july this year, but apparently having pink eye wasn't enough for the podcast, and the highest paid youtubeers, and the ultimate trick shot youtubeers getting left in the dust by this toy are reviewer making the biggest bank of all youtubeers this year rak ing in a cool $26 million and this influencer who got a start by opening toys and videos that went viral when he was just three years old, now has 30 million subscribers and his own line of toys and clothing plus a show and a deal with hulu as well and google having a relatively good year up 28%
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since january 1, and i'm sure that they really enjoy displaying the content and the dollars that it rakes in and now times square yes it is happy new year and there is still over eight hours to go until the ball drops until they see that happen at midnight tonight, ashley webster in for connell mcshane and ashley, would you ever stand outside i think i asked you this in times square average is one-time? >> no, i did send connell mc shane to hold a place for me in the middle of it all but i don't have the heart to tell them i think i'll just go home and watch it on tv but that would be my personal nightmare susan how about you? >> well yes, someone said that i have to do it one-time, i said no i don't, thank you. ashley: anyway coming up at the top of the hour at 4:00 p.m. of course we talk about the markets great year, great decade, we'll have gary kaltbaum here, and their predictions for 2020, and we'll also have a national security expert, to talk about the latest developments in iraq, and talking of security, those
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new years eve celebrations in times square they of course are a security nightmare and we'll talk to the nypd and let you know about a new tool that they are using this year. drones. very interesting. >> susan: of course. ashley looking forward to it and now as we head into the final minutes of trade, it was an up and down decade, in retail, ulta beauty, amazon and o'riley o parts owning the 2010 each growing over 1,000 percent over the past 10 years leading the consumer discretionary sector let's get to grady trimble, we talked about the highlights and you've been looking at the low points of the decade as well. >> yeah just look at this, this used to be the go-to sears in chicago and then it closed two or three years ago, that sears automotive, remember that? not a lot of people going there any more, and 2019 saw the most
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store closures of any year ever and that includes 9,300 stores that closed, so take a look at the numbers. sears and kmart closed more than 3,000 stores across the country and blockbuster didn't see streaming coming had to close 1,700 stores and there is one left if you was in to go to it in oregon and then toys "r" us closed more than 800 stores and they of course rebranded and reopened earlier this year with a smaller store a more immersive experience. i do want to show you this because this is pretty interesting right in this sears parking lot, where it used to be is amazon which completely changed the face of retail in the past decade and the successful retailers are the ones who have been rolling with the changes, including walmart and target. walmart, for example, has invest ed heavily in e-commerce and target has done something interesting using their existing stores as fulfillment centers to get packages to you and i faster
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♪. susan: look at this. we're near session highs as we enter final five minutes of trade on the year, yes, for the decade. this is after a spectacular run in 2019. straight to the floor of the new york stock exchange where another spectacular person is standing by, deirdre? >> susan, this is a blowout year a blowout decade and if you look at the three groups really propelled markets for amazing run the past years, top three groups. here they are. communication services, consumer staples and technology. right now on the screen,
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consumer staples stocks. standout, constellation brands. netflix which you've been talking about the charter, netflix, take 2 are stellar performers. i know you know this, but for the s&p 500 we're at least on track for the best year since 2013. it may bo even further than that we'll see where we close. but in the meantime, wrapping up a great year. back to you. susan: need a 1% rally to get there. we'll take the gains, right? deirdre, thank you, happy new year. bring in 253 billion-dollar man. bemo low volatility equity fund portfolio manager ernesto ramos. you heard deirdre talking about the best performers pass decade and year, the best performers are the lag guards from the year
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before. do we pick the so-called dogs of the dow? it has been triple ms, pfizer, walgreens underperformed. but over the past 10 years they tend to outperform by 1%? >> yes indeed. basically the dogs of the dow is a value oriented strategy. you're picking stocks knee -- neglected or disliked. that is what we do with the bmo fund. we score attractiveness of the stocks. instead of picking from 30, which is the dow, we pick from 1000 largest companies. we basically take top 70 names by our metric, by our ranking system. that is what constitutes the portfolio. it is really a complicated, more complicated version of the dogs of the dow. susan: of course. i'm looking at some, top three
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picks, citi, cheapness of banks, target is a retailer that is interesting. target, if we pick somebody in the retail space, target, amazon, walmart are some of the better picks. >> the reason we like target over walmart because it is much more attractively priced at 17 times earnings versus 23 for walmart. amazon is off the chart in terms of valuation. we like the company's fundamentals. they're doing well in an environment where amazon is pretty much killing everybody else except walmart and target. yet you can buy them at reasonable valuation that is the reason we like them, the reason we have them in the portfolio. susan: tyson foods is interesting pick. they get to ship chicken to china first time in five years, right, ernesto? i'm out of time. wishing you a very happy new year. thank you so much for your time today. now that is it, final 20 seconds of trade for 2019 and this is
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positive. [closing bell rings] markets closing at session highs. that does it for the decade as well. what a decade it has been win. "claman countdown," rest of the crew thank you for watching today. i hand it over to ashley webster and jackie deangelis. ashley: thank you very much. closing out in style. a record decade on wall street. the dow turning positive. a lot of buying into the last hour of trading on the very last trading day of the year. president trump also announcing today, that he plans to sign a phase one trade deal with china on january the 15th. as you saw, nice momentum at the end. the dow ending up 70 point, near session highs. hello, i'm ashley webster in today for connell mcshane. jackie: i'm jackie deangelis in for melissa francis of the good to be with you on the last show of the year. this is "after the bell." the s&p 500 and nasdaq ending in positive territory today. both indexes closing out the best year in six year. the dow seeing the b
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