the highs of the session, and a great start to the new year, but it's very selective, more selective than it has been. going to hand it over to my friend liz. its been a while. you look fantastic. >> liz: [laughter] thank you so do you. wait a minute is this the new boomer? charles: yes for our show, the once a week segment we bring in the bear, and we'll listen to that side of the story. >> liz: i like it but we're both kind of boomers so all right we've got ourselves a bull bash as we head into the final hour of 2020's first trading day with the new year we are looking at brand new records the dow, s&p, and nasdac all on the verge of closing at all times highs by the way the dow and the nasdac at session highsment did the trump adminitration just take the first step in closing down much of the vaping industry? wait until you hear about the firm plans of vaporized the most popular e-cigarette flavor and what sparked the dramatic move and which stock could see profits go up in smoke.

plus, red alert the great escape of auto icon carlos goen, interp ol has put out a red notice, any country that can, should arrest the man who fled house arrest in japan in an escape operation with precision that's what a red note is. the international fallout, it's just beginning and the nba los ing its icon, we'll take a look back at the form of a commissioner david stern who turned a struggling sports league into international business with billions in revenue. the one metal speaking in price and no it's not gold, plus remember when kids used to eat play do? the kid who ate his airpod. happy new year, with less than an hour until the closing bell let's start the "claman

countdown." breaking news take a look at this. former vice president joe biden has just arrived at a campaign event in iowa. we are getting news right now he has released fourth quarter fundraising totals just moments ago. here is what we know the democratic presidential candidate brought in $22.7 million last quarter. that actually lags rival bernie sanders and pete buttigieg, for comparison on the republican side, president trump raised $46 million. right now, as we mentioned he just arrived for this campaign event at the national [m:ment] or cycle museum in anamosa, iowa when it begins we'll keep an eye and an ear on this. from iowa to omaha, nebraska, warren buffett wouldn't put a ring on it. reports are that the famed jeweler tiffany approached the oracle of omaha after a takeover bid from lvmh, asking a billionaire known for scooping

up businesses in one fell swoop to buy the new york diamond and jewelry giant but he apparently passed, even though he is sitting on a record amount of cash according to the financial times. all right, we've got the jeweler down 14 full percentage points the stock losing its luster big time after wells fargo downgraded the stock to under weight from equal weight, and cut the price target and before i give you the price target cut i want you to look at what the price is now at 1,867 cutting the price target to $12 a share. let's get to tesla starting the new year with a bang, after canaccord genuity raised its price target to $515 from 375, it's at 430 right now, an expectations of a strong fourth quarter when it comes to car deliveries, we're supposed to get that delivery number later this week this as tesla plans to deliver another batch of china-made model 3 sedans to the public on january 7. the first batch was rolled out

earlier this week. tesla is up another 2.8%. peloton rolls on to baird's fresh pick list as analysts expect upside in the fiscal second and third quarters. peloton is jumping about 4 .75% at $29.76 just at the highs of the session and the fitness bike got beaten up for its holiday children les which some said were sexist but the stock looking pretty good right now. you know, they say hindsight is 2020? foresight might be 2020 but which investors have perfect vision? according to the conference board which just released a new survey for the new year the executives that have their pulse on corporate america, we're talking about cfos, they listed economic decline as their top fear going into 2020. but this was the markets kickoff the year with another sloo of records but you guys look at the dow it's up 237 points right now

, s&p up 17, the nasdac charging ahead by 92. our floor show traders are ready to pounce on this one let's bring you guys in, happy new year, records or recession this year? >> well we already have some records right? >> liz: yes. this is the tail end of the santa claus rally maybe a little bit of a january effect, but i don't think that's really what's happening here. we're going to head into an era of volatility, but i think trade concerns are a big deal especially once we get phase i signed. i think q4 earnings right be a little sloppy. going out towards the end of the quarter, this is when the fed pulls back, but their bernie sanders management program whether they are increasing the bernie sanders to deal with liquidity. once they allow the shortened of the curve, to float more freely in trade, you'll probably see something of a flattening of the yield curve once again. those issues will become real to the market once again, and as we get out towards the middle of the year we head toward the

election. now, if the incumbent is doing well in the polls, i don't think you have an issue. if a business-minded opponent is doing well in the polls say biden or bloomberg you still might not have an issue. if we get to the point where the market is forced to price an increased regulation at higher taxes then yes, we have a big problem so there is plenty to worry about. >> liz: well look you could argue, phil, that the election is a huge question mark that's hanging over the markets but when you see that the 10 year yield at 1.88%, here is the 30 year, 2.34% we don't have in version, that turned out to be a bust, scared everybody but nothing really happened, i'm interested to know looking at everything that's happened today is what is propelling these markets is once again china news the people's bank of china saying we'll stimulate our banks even more. they don't have to hold as much in reserve on their books and here the dow is up 232 points. >> and that is one of the most

stories we've had. it's not just china. you look at central banks around the globe. they have all been accommodated. they are feeding into it and that's one of the things i've been saying all year. i think the central banks have more than adequately anticipated and got ahead of it and the other thing, you go back to the ceo's and cfo's. i went back to what they were saying a year ago. they are supposed to be complaining, but it's like they always have if we have a quarter it's like i told you this is our recession but they were predicting doom and gloom a year ago so you can't go by that and i think a lot of investors this entire year its been very challenging for a lot of people but i think we've done a great job in trying to put the risks in perspective, and these guys are fearful of everything. water buffaloes you name it could happen in any minute, but at the end of the day, don't get out of the market because these guys are fearful because it's their job to be fearful. >> liz: scott the dollar is muscling higher and we know that

sometimes hurts the big multi- nationals based here who try to sell overseas but let's keep going with that theme. does trade still have the power to be that catalyst to drive the markets either up or down? >> until something sneaks into the situation or the picture that's going to change that yeah , look i'm not looking for any new records or a recession. how about just some stability, right? we had three things that were headwinds all year last year, trade, brexit and usmca. those are now starting to go away and god forbid they might actually be a little bit of a tailwind this time around, so i would like to see some stability , and a slow-growing and let us catch our b to me, i just gave my son a 16-year-old boy, a brand new ferrari and he said today, this morning when he woke up what kind of a car am i getting next year? i want them to be happy about those returns we just saw, but at the end of the day those are outsized and pretty much unrealistic to think about having those happen again. >> liz: that sounds like my

daughter. what have you done for me lately >> [laughter] >> liz: guys great to see you. happy new year. >> thank you. >> liz: i want you to know, all of these gentlemen have been with us since day one and we love them. we love our traders. breaking news, no more mango. lots of unhappy vapors out there at this hour and conversely a lot of child health advocates absolutely thrilled. the fda is officially finalizing enforcement of a new policy that effectively bans the sale of the most flavored cartridge-based e- cigarettes that the administration says appeal to kids. teens and children including yes , the fruit flavors, vanilla, mint. the u.s. health and human services department issuing companies a very stern warning saying, "companies that do not cease sale of unauthorized flavored cartridge-based e- cigarettes other than tobacco and menthol within 30 days so start the clock risk fda

enforcement actions. this hits industry leader jewel in an outsized way so altria group and phillip morris both have stakes in that giant vaping company, altria is down 1.5%, phillip morris is flat with the international contract to sell jewel internationally, v ector group down three-quarters , and british american tobacco up 1%. all right, so up the reaction to the news but let's get to the white house and edward lawrence. the administration appears, call me, you know, let me know if i'm wrong to have made a very decisive move and it is against vaping. >> exactly and the health and human services secretary minced no words when he said all e-cigarettes on the market today are illegal. he says the law passed in congress in 2009 who required those companies to have pre- market applications, no applications have been approved as of yet, with the fda, only a few have just now been filed.

he will target enforcement in the next 30 days on companies selling flavored vaping products and those that as you mentioned that kids may be attracted to but not including tobacco and menthol flavor because the administration acknowledges that those flavors helped people get off smoking, he also acknowledged that this is not a ban, technically it's a choice, by the administration, to follow an enforce the laws currently on the books, and a senior administration official says that the administration wants to make sure that e-cigarettes o not marketed to, sold to, or used by kids. now doctors, they're still concerned, listen. >> it's certainly making it more inconvenient and it will decrease the numbers. what i'm worried about is that teens are clever and they find other ways around this. >> it's disingenuine marketing. twice as many high schoolers are vaping this year as last year. >> and this is a balancing effort here to balance helping folks get off of smoking

cigarettes, while not attracting kids to cigarettes through vaping. now there's a may 12 deadline hanging out there. all shops, vape shops as well as e-cigarette businesses must have their pre-market applications in by that deadline and after that the enforcement will widen to everyone in the industry. liz this is an industry announcement they put them on notice today back to you. >> liz: it was a big topic of conversation at our new years eve dinner with a lot of our teens, you know, nieces and nephews one of them said do you know what? people i know who have never smoked a cigarette are totally addicted to vaping. so problems here at some point. thank you very much, edward. if you're talking hollywood movies gone, baby gone has turned into the fugitive with the closing bell ringing in about 48 minutes and the dow still charging higher by 238 points, just two points away from session highs, the embattled former nissan chief

ditching his sunglasses for a more cool look approach to his legal trouble. up next, we're going inside his great escape to lebanon, the potential triple-fronted legal cold war that could be launched as a result of his actions, and the new interpol red notice out for his arrest. plus the sports world losing one of its biggest visionaries. up next, fox sports talks former nba commissioner david stern's slam dunk business strategyies to a multi-billion dollar brand. countdown is coming right back.

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it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> liz: the sports and business world mourning the loss of just a visionary pioneer, former national basketball association commissioner david stern passed away new year's day at the age of 77. he had been hospitalized since mid-december after suffering a brain hemorrhage. now, under his leadership, which began on february 1, 1984, stern helped the league team owners and their players grow into an internationally renowned money- printing machine. it's a huge business story here. the nba's league revenue grew

from $165 million a year at the start of stern's 10 year to 5.5 billion by the time he stepped down in 2014. the league also went from 23 teams to 30. the players, they made out pretty well as well. the average nba player's salary in 1984, $290,000, but by the time david stern stepped down, the average player was hauling in 5.7 million. pretty good for inflation, right fax sports nba analyst chris bro ussard knew david stern, did a long interview and profile with him and he's here to discuss the life and sort of business legacy, chris of the late commissioner. i'm really interested to know what in your mind is david stern 's most important legacy? >> well i'm just boeing go going to be frank. i think david stern was the greatest commissioner in american sports history and i say that because he had obstacles to overcome that the

commissioners of football and baseball did not have to overcome. obviously baseball was america's pasttime in the 80s, football was rolling along and also at that time in particular but even now, a lot of the faces of the league were white super stars, the quarterbacks and things like that, and in the nba, when david stern took over, remember, games , finals game, championship games were on tape delay in the late 1970s, early 1980s. the league was viewed as too black. it was 75% black as it is today, and the 70s they had a massive drug problem and the image was of a league that was too black and too drug-infested, so david stern had all of those obstacles to come overcome without the great history like baseball had so the fact that he was able to do that and as you documented the growth that the nba reached under him, i think that he clearly was the greatest commissioner in american sports.

>> liz: that's a huge statement, there's great ones there, bud se lig, of course i'm always thinking about gary beckman, whose still with the nhl who was under david stern but i'm interested when you look at 1984 , he had michael jordan playing, some of these amazing players that david stern probably looked at and said wait a minute. this is really something special we've got to catch this lightning in a bottle. what did he do from a business standpoint that you feel everyone watching, whether they are in sports or not, can really learn from? >> well what david stern did that blew up the nba was he marketed individuals over teams. it wasn't about the lakers versus the celtics or the 76ers versus the trailblazersers. it became about individuals, michael jordan versus clyde drex ler. >> liz: charles barclay.

>> yeah, and to the point as you're saying virtually every team in the nba had a marquise name. the team may not have been very good but you wanted to go see such and such a playou know, yoe so and so play because their name became big and because of that, the nba players even though it is certainly behind our football. >> liz: but magic johnson vs. larry byrd, those were the championship games, so many years and of course you think about the parquet floor, and those were experiences that david stern really was able to encapsulate, capture and put it out there as this is almost like jerry bus with the lakers, don't give them a game, give them a show. >> well to your point, and you asked me what people could learn from what stern did, in marketing individuals guess what else he marketed? stories. that's what people liked, the human stories the human element, and so in marketing the michael

jordan, a larry byrd, a magic johnson, charles barclay, you got to know their personalities and that's what attracted people it was bird and magic, white vs. black. it was michael jordan, comply fly with me and he's so athletic and charles barclay, and his crazy personality and all of these storylines, when i write about nba players i want to get the human element and tell you the personal side of that player, that everyone can be attracted to, and that's where david stern did, and he understood that. >> liz: people watch people. chris it's great to see you thank you so much for joining us >> you're welcome. >> liz: chris broussard, one of the best nba slogans for their advertising under david stern, i felt, was "i love this game" and having known david stern, i can confidently say, he loved and embraced the game of life.

the "claman countdown" is coming right back. hey, saved you a seat.

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>> liz: what started as real life hollywood thriller involving sort of a great escape has now morphed into an international i guess you could call it manhunt for former chairman and ceo of o auto giant nissan giant car also ghosn. japanese authorities arrested and charged him with funneling company money for personal gain, skipped bail christmas day and allegedly we don't know if he was doing it disguised, boarded a private jet in japan, possibly hidden in a musical instrument box belonging to a band, that had performed at ghosn's tokyo residence and heading for final ly lebanon. he is releasing a statement a couple of hours ago saying he

had "not fled justice." i have escaped injustice and political prosecution." ghosn had been subject to interrogation without his attorney and his trial was delay ed once again until 2021. at this hour there's a stakeout at the home he owns in lebanon on your screen, international police agency interpol issued a "red notice", which is a request to all law enforcement agencies worldwide to locate an arrest-wanted fugitives. provisional arrest rant for ghos n, who fled to avoid an april trial for financial misconduct charges let's bring in george mason law school national security institute founder and executive director. what happens next here, let's say the authorities in lebanon do know he's there, find him, locate him. >> well, liz he's told the world he's there in lebanon and that's what we expect is they know he's there, they indicated he entered the country legally on a valid' port which is an interesting area because there's

three passports and potentially a fourth, we don't know where those are we think three are in the hands of his lawyers but look if they know he's there the question is will they extradite him and they don't have an extradition treaty in place with japan and their typical procedure in the lebanon criminal code is to not extradite citizens to other countries. >> liz: i know carlos ghosn. i've interviewed him multiple times, brilliant businessman. he was treated terribly by the japanese legal system if talking about a democracy. he was arrested and then he was held over and over again, and he didn't have access to his own attorney when they interrogated him. this is not acceptable, so i get the desperation but how do you see him? do you see him as an international fugitive or a political prisoner or somewhere in between? >> well obviously being the former chairman of renault, he came over to work with nissan and the question is did he in fact extract this money to

enrich himself? this happens sometimes with senior executives but that being said as you point out the way he's been handled in japan has not been particularly well-done by that government so now he's made his way out and clearly ran from justice even though he says he's running from injustice, he's avoided the law here and he wasn't taken this case to the court, and so you know, it's really a question of who do you believe in this situation, and the question is is japan going to get him out of lebanon? it's obviously extremely embarrassing for the japanese government and that's been a challenge for prime minister abe , who won a big election in the past year. that being said this is not going to help him in japanese politics for sure. >> liz: we're looking at pictures of carlos ghosn from march when he exited one of the legal proceedings and he went, tried to get out disguised as a construction worker down to the reflective tape on the jacket, the face mask, didn't really work. everybody knew exactly what was going on but what is your assessment? do you have a hypothesis about

how he was able to do this and i ask, because he has come out with a statement once again saying he and he alone had his escape and extraction. do you find that hard to believe >> well he certainly didn't do it by himself. it wasn't his family because there war allegations his life was involved. he tried to protect his family and at the same time he obviously had help but the question is did he get help from the french government because he was holding an additional french passport in this locked case but you had did he get that passport and why did the japanese let him do that and how did he get it out of there and getting out of the country, he could have had some help and that's a huge issue of investigation within that country. there will be repercussions i don't doubt people will get fired as a result, but it is amazing almost something out of a movie here liz, this getaway and escape and very embarrassing situation for the japanese

government. >> liz: one last thing, arguably you can be arrested, held and returned to the country that wants you it's like a wanted poster. question, can he ever leave lebanon? >> well we know he can probably get to brazil, and to where he was born, and to france where he's also a citizen, because he's a citizen of three countries, brazil, lebanon and france, so he could probably go to those three countries but if his plane is diverted orlands somewhere there is a real possibility someone will take that red notice seriously, but it's like a warrant or wanted poster and a lot of people do take that seriously so there is a possibility that he could be diverted and brought to justice in japan. that would be a huge issue. >> liz: george mason university, great to have you happy new year if we get anything more on carlos ghosn, because the headlines are trickling in we'll get it to you. apple kicking off the new year on the high note as hunger and air pods reaches new heights.

look at shares second from the top for the dow 30 hitting a brand new record up $5.74 and it's about to hit $300 a share, but tech titan practically doubling over the past year up 90% since january 1 of last year the surge holding strong even after this crazy story, a seven-year-old in georgia rushed to the hospital after swallowing his christmas gift. yeah, a new set of apple's much coveted air pods, you can actually see the air pod right here in this tweet of the child 's x-ray. it's in the left quadrant there, the air pod is right on the right side of your screen. the boy's left side and his shocked mother sharing the image to help warn other parents of this danger. [laughter] all of us leaving one to wonder will air pods continue to be the product we are hungry for in 2020? up next, tech gurus on the

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>> liz: whoa folks we are aunt 22 minutes away from the closing bell stocks literally just turned into one of those explosions surging higher to session highs in this final hour of trade. look at this, we've got tech as a big driver the nasdac up 96 points, what are we talking about? apple, microsoft, google, facebook they are the drivers here at the moment hitting new one-year highs and amazon is up about $45, and still that is not a brand new record high, but a nice move up 2.5% look at alphabet up 2% these stocks are speaking. and you could argue that what these people make in those companies is in everything from connected cars to ultra-fast

wireless speeds to foldable phones and tv's. the world of technology, kicking into high gear as we officially enter a brand new decade. our top tech experts are here to break down what they say will be the biggest tech trends you need to pay attention to in 2020, and the stocks behind them. market watch senior tech editor jeremy owens is with us along with future labs managing editor russel holly. you're ready to game it. russel to you first as we enter this new decade let's go with things not hard and fast devices what do you think will be the biggest tech headline or tech issue that hits us in this year? >> i think the biggest tech issue we'll hit is the way we see facebook interact with our upcoming election. it's something that's a big part of the last couple of years and there are a lot of eyeballs keeping an eye on how facebook has grown and changed things and that's where i think we'll see a lot of news whether it ends up being justified as to how facebook is handling just the massive information that's going

to come from the election we'll have this year. >> liz: well there will be a lot of scrutiny on all of the social media companies to see if they holdup to scrutiny what people put on their platforms. jeremy what is that big tech headline? >> i think it's similar regulation and if anything gets done. last year there was a lot of talk about facebook. this year is a lot about google and amazon and what is actually going to happen. there are all these investigations, statewide and national. what actual regulations are going to come? it's a big talking point in the presidential debate. i feel like this administrations is going to try to get some concrete steps of the anti-trust very equations and other regulatory attempt done before the election, so that they can campaign on something concrete while all the other candidates are going to have to say what they would do so that's going to create a lot more headlines about how to reign in big tech. >> liz: that could actually effect the stocks of everybody from google to facebook to twitter. let me get to the actual break

out technology, emerging technology. russel what's your pick? >> i think the big emerging technology we'll see a lot about is augmented reality glasses. not the big fancy ones we're assuming coming from apple mind you, that those are probably a couple years off still but we'll see kind of emerging patterns from companies like north whose going to release a second version of their focals glasses and those are supposed to look and feel exactly like glasses but still give you that display over the eye and that's something we're going to hear a lot about. >> liz: we're looking at occulus , and virtual reality several years ago i was at ces, the consumer electronics show and everybody said this is the big thing. i don't see mass adoption of that, russel. >> well it's actually funny you point that out. oculus, as a company has seen more growth in the last year than in the past previous years combined. there's been a tremendous explosion for adoption when it comes to the headsets. that having been said it's still a fraction of the gaming market as a whole and that's its

biggest problem is it's still viewed as a gaming accessory and not as a world expanding thing and i don't think augmented reality is different. i think you'll still have niche things but i think it'll get a lot of attention because it's a very new and exciting thing. >> liz: jeremy you'll be at ces as well. we'll be there too. do you already start hearing about emerging tech? i've been scrutinizing the web and talking to ceo's. i'm really excited about things that fold, the foldable phones, we'll be showing our viewers all next week. what do you think? >> i think the most important thing we'll hear is a lot about 5g and what smartphones use 5g and what other devices are going to use 5g and in terms of the finance of these companies, they have been selling 5g for years and years and now it's about, it's getting rolled out in major cities. how are we going to use it? are these smartphones good enough that consumers run out and buy them? can they effect to something like augmented reality smart glasses and make those a better product? a lot of these emerging

technologies need that constant connection and fast speeds to actually work well, will 5g be the fuel that makes those actually worth buying? >> liz: do you know what i think it's controversial. i can't see it yet because i keep hearing that it's not coming. we will be attacking all of that and more at ces. jeremy owens, russel holly, thank you. we head out to las vegas next week. i need to stress this, ces is not a public show, you have to be invited or a journalist or the industry. you got me. i have your press pass. i'll give you all access and our first stop is going to be allegiant stadium. this is a $1.8 billion future home of the oakland raiders which are now moving to vegas. we are going to get an exclusive behind the scenes look not just from the construction but from what will be the most connected stadium in history. the cox communications president is the company that's wiring the stadium for total mobile access.

i'll push him on the 5g thing but that's not all. david z az lov, the discovery communications ceo, patrick brown, exclusive with him, how is impossible foods a technology company oh, wait and see. plus, so much more, countdown's coverage of ces 2020 begins on tuesday and yes i am on the hunt for the foldable rollable television. closing bell ringing in 16 minutes dow is up 253 points, are you kidding me? up next now chipotle is looking to help you keep pace with your new years weight loss resolution s, and you've got to check out this weeks edition of my "everyone talks to liz" podcast. we look back at our first year of amazing interviews that could and i could say this i feel they will change your life. the secrets of success from some of the most fascinating people in the world. get it at apple podcast, gag ed, amazon alexa, anywhere you can get that, the "claman countdown"

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we created bionic and put the word out with godaddy. what will you change? make the world you want. is >> liz: do you want a gain or lose? well you get both for chipotle. chipotle is looking to add to its 2019 gains with a new lighter menu for the new year. the mexican chain rolling out its new super green salad mix nationally as part of the life style bowls option so now a bowl is a lifestyle apparently. the stock is up, and super green s blend will replace the current romaine-only salad base and chipotle making its adobo chicken 30 compliant changing up the oil used in its marinade and orders for lifestyle bowls for the entire month of january, made online or

through chipotle's app will be eligible for free delivery shares are up 2% as we said intra-day, adding to last years 89% surge for cmg, chipotle mexican group but the clear high flier in the final hour of trade and all day today a major name in the chip sector, no stopping the advance of advance micro devices, following its run, as the best performer in 2019, today, it's topping the s&p 500 again. it's up 6.5% to christina partsinevelos, live on the floor of the new york stock exchange. i remember when amd was the red- headed stepchild to intel. unbelievable. kristina: it's definitely in turnaround with the company that makes the processors act like main computers for the mainframe and brains of the servers and to the stock climbing higher today primarily because of an analyst report that came out from nomura, this is david wong, he put out a report with a maintained buy rating but it's his price target that pushed the stock up higher.

he pushed his price target to $ 50 a share from 40 so that was a huge jump he believes the chip maker going into this year will maintain its competitive position, because it's going to be offering new products, however, there was another analyst report that came out and that analyst actually downgraded the stock from strong buy to still a buy, with a price target of $48 and liz, like you mentioned, this stock really, look at just that graph over the past three years. really has changed, skyrocketed if you got in early you're doing very well smiling but the best performer on the s&p 500 in 201s again in 2020. back to you. >> liz: those chips, nvidia, they have done so well we'll be watching. kristina: january 15th. >> liz: but it was the problems this year. kristina: thanks, liz. >> liz: closing bell we're 8.5 minutes away. the dow continuing to climb.

i need you to stay with me through the commercial break because now we're up 279 points so up next our countdown closer says the consumer will be king again in 2020. find out which stock she thinks should be the crown jewels of your portfolio in the new year, the "claman countdown" is coming right back. don't go away the dow is now up 281.

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♪. liz: be still my heart, apple shares just crossed $300 for the first time ever and holding it by four pennies. make that two. can it hold? we have four 1/2 minutes left but shares are simply surging in the final couple of minutes. stocks are not only assets flush with gains, thanks to china's announcement it will stimulate its economy by conduct the amount of cash that it requires all chinese banks to hold in reserve. copper, the lowly industrial

metal, hitting eight-month highs. you know, i bring this up because copper is pretty much a proxy for industrial demand globally. think skyscraper development, building of all kinds of things. china is the world's top mettle consumer. look at broader markets. we're surging moments ago. we hit brand new all-time records for the dow up 313 points. s&p up 25. nasdaq up 113. the one laggard, russell, small caps are not cutting it. they cut their losses earlier. the russell was down 14 points. now down three. transports up 80. as we look to the brand new year, who will be the king and queen, sort of driver for the economy. who will claim the thrown in 2020? today's "countdown" closer says it is you? sherry paul, portfolio manager at ubs global wealth management. i thought last year the consumer

was king. >> it was but doesn't mean it can't be this year. number one, fear-based think something not an investment strategy. people who are fearful, focused on the wrong things largely missed out on this market. number two, would be importance of decouple political opinions from economic realities. liz: say that again. everyone listen. it is crucial. do not invest, thinking -- there were people when president obama was elected, i don't like that guy. i'm not putting, it will be horrible. they missed a huge runup. >> that's right. liz: same, if you didn't like president trump you missed a huge run up. >> the economy is not a personality contest. we want to stay close to the data. right now the data continues to look good. that would be number two. number three, we just endured the most talked about recession in 20 years that never happened. so as we go into 2020 we could

start to hear this talk again but reality is, people go back to their last moment of trauma in the market. the last two sessions were caused by shocks to the system, not by declining economic data. that is really the key, we look forward to 2020 and what will drive this economy. i think the u.s. consumer is the shining light for the u.s. stock market. connell: what sectors do you like specifically where the consumer will be pouring in cash that they may have? >> well consumer discretionary is an obvious place. even though premiums from p-e ratios look slightly rich that should continue to be a terrific growth area. obviously consumer services, communications services is another air that we should continue to see really great growth. i know right now ubs has a slight underweight overall to technology but you can't deny the fact, when we look out who is innovating, who is growing the u.s. economy, what is the dominant theme for american corporate identity, it is technology. it is important that client

continue to keep that in their portfolios particularly, if you have had tremendous gains this past year. you should take some money off the table. liz: who will not pay for broadband or wireless in this day and age? they need it. >> right. liz: we would be remiss if we didn't address viewers a way to protect themselves from exogenous events to protect themselves. >> first advice i tell my new clients and existing clients, manage your personal index. prevent yourself making wrong decision at the wrong time because you're afraid of a bad outcome. establish a financial plan, which is really a way to identify goals, meaningful things important to you. anchor a portfolio of well-diversified stock centered here in the united states, focused on dividends, focused on the right sectors to anchor growth and income strategy. in in in addition to well-thought out fixed income.

we're favoring tips. liz: great to see you. sherry paul of ubs. great to have you as our first guest of 2020 as the "countdown" closer. [closing bell rings] drop the confetti. market at new all-time highs on peoples bank of china stimulus and positive attitude for 2020. melissa: wow. those are good numbers, kicking off the decade with records on wall street. all three major averages ending record highs on first trading day of the year. look at that screen. the dow up 332 points. 109th record close under president trump. i'm melissa francis. jackie: i'm