move back toward the republican. >> thank you. that's it for this week's show. thank you to my panel and for watching. we hope to see you right here.r. right near maria's wall street begins. >> on the fox studios in new york city this is maria's wall street. maria: welcome to the program that analyzes the week that was an helps position you for the week ahead. happy new year everyone. coming up in just a few moments, we are going to take a look at 2019 and some of maria's biggest interviews. jamie dimon, rodriguez, just two of the big names you won't want to miss. but first, 2019 was a record-breaking year for wall street. the dow, the nasdaq the s&p all reaching new highs. back in 2020 pick up for 2019 left off? and what should investors be

looking for down the road? paying capital management president paint right joins me now. brian hopefully you have all the answers. a lot of investors are worried about the records have being markets having where they get invested. >> luckily i do have all the answers. in the first thing you look at a statistically you have a big year in the market, it's an up year. the following year is an up year the following year is usually 11%. so based on history momentum should go pick up and move into this year's well. >> trade tensions were huge issue in 2019. moving forward that has become less of a worry for investors. but when you take up a table completely? >> you can hear a lot about phase ii this year. so that we something that the strategist will warn you that's a big deal. i think the fact that we've gotten through stage one already that's a big deal. across the pond you have brexit that looks to be some

clarity around that. reading geopolitical issues are a lot more clear this year which is an abode very well for the market. >> let's talk about the bond market a little bit. we had a curve inversion is that something they need to focus on? >> i totally forgot about that yield curve and it's actually steep and this year. i think the biggest risk this year's long-term rates could actually go up more. you start to see across the globe growth is starting to pick up a little bit. i think i saw the trough of manufacturing with the interest rates are rising globally. the interest rates are going as well. that makes a curve even steeper periods that could be a problem for your bond portfolio because the bonds go down when interest rates go up. >> but it's a little bit of a quandary for investors they could into the stock market they want to get into the bond market. right now you can't just leave your money in the bank for with the certificate of deposit. >> witnessing cash's trash because you might get one or 2% on your money market fund after inflation not really

making money. see have to be smart about this year, you want to get your mind to work, but she wanted to work globally. you just don't want to be u.s. centric. on the s&p 500 trades at a probably premium as it does historically where the global market is historically very cheap. we start looking at income dividends, the dividends you can get globally are can be a lot better than what you get in the u.s. you need to put a global portfolio together for 2020. >> self digital deep run where they should be looking globally. sort of the theme in 2019 is where the best house in a rough neighborhood. >> you're right, and that was a little provocative to say that. theo's economy is doing pretty good. it's not a bad house. it's pretty strong. but i think we have to look at, we have to look overseas. manufacturing slowed down a lot last year global growth slowed down more than was anticipated. but now we are starting to see sent things turn. there's tumulus around the

globe who look at evaluations overseas and they are so cheap it's like jumping out your basement window. so i'm not that discerning, thick the belt markets are looking great, the emerging markets are looking great, the frontier markets are looking great which are there emerging markets. and i think the news is not as robust or positive vibe get the money there. >> so let's bring it back home for a second because you mentioned our economy. and things are chugging along and improving in facts. when you look at gdp, the expectation is with some of these trade tensions off the table we are going to see a jump next year. talk to me about the fundamentals here and how investors should be thinking about things? >> it's still really, really good. if you look at just the holiday season it was phenomenal. you had a record on that saturday before christmas. retail sales are up, the u.s. economy is up the consumers in great shape. now you have some clarity around trade, which i suspect companies will start spending again which i don't think you saw last year. said that is to be good as well. and wages are going up. maybe 3% or so year of year

but that's over inflation. so consumer purchasing powers going up. so i think the economy is rocksolid again this year. >> last year when we talked about fears of recession, people were worried about the consumer going into the latter part of the year. but as you said during the holiday season it feels like people felt good, they felt like they had money in their pockets, and they were willing to spend it. and that is so important going forward. >> that is huge because the consumers everything. the strategist on wall street they just never get it right. they were very, very down on economy last year end i suspect will be muted again this year. the different firms are saying single digit returns in the market. i would say be careful, the strategist never get it right. you want to look at things more optimistically this year. because if you didn't last year you missed a huge move in the market. >> let's talk about the labor market. we've seen the unemployment rate down at 50 year lows. you expect that to remain constant or go down further?

>> i thinkable but down further. i talked a lot of my business owner clients of the biggest issue in america right now is hiring. i can see some sort of labor shortage happening will really need the people to work over and over again. so i can see that ticking down. that could also start to cause inflation making wages go up even further. in one thing no one is talking about this years the fact that inflation is starting to kick and a little bit. it's at a five-year high people get a core cpi right now. so i think wages are gonna be a big deal and thus can start pushing that inflation up higher. >> so keep that out for me because when i think about inflation and think of powell and how he is looking at the world. it's a little different than how everyone else's. >> remember he controls short-term rates, the bond is the long-term rates. based on the rest of the world and inflation. that's not really controlled by them. if we get some global growth this year which i think you will, if that labor market keeps heating up i think the one anticipated or

unanticipated thing is that tenure tragedy is gonna go up. and i'm to be provocative here and say maybe 3% but than of the year. no one isn't dissipating that. >> and the expectation is that will hold steady, do you believe that? >> absolutely is in election-year jay powell is not gonna rock the vote. >> thank you pain for coming more wall street is coming up. right after this. i'm your 70lb st. bernard puppy, and my lack of impulse control,

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between ongoing negotiations, a war of words, tit-for-tat tariffs, and a few roller coaster rides on the dow, china dominated 2019 for investors. and along the way maria got insight from some of wall street's biggest and brightest minds. take a look. >> what is your take on the u.s. pushing back on china because of the intellectual property theft and so many other issues? >> i think the wto we signed with china 15 years ago, or whenever it was, in some ways i don't think they have abided by the exact spirit of the wto. free-trade is not, we want to get them to at least two fair trade. but free-trade is not really whether communist country whether it's russia, or north korea, we need to get some sort of mechanism between the two countries. we understand they are communist countries, so, so

much of their enterprises owned by government or supported by government. it's different here in america were all of our businesses are free of government other than taking taxes or regulatory. trying to make sure quality is right there. we have two different economies. one is an economist country and won a free enterprise country, as america is. and so mixing and matching is not an easy thing. so that is why it is so complicated with the negotiations that have gone on so hopefully the resolution or part of the resolution, i don't think it could be resolved completely, will become very available before the year is out. >> the problem for them now, as the developed world has had a bad time over the last ten to 15 years. and our bottom 40% of people, and it's not just in the united states, it's in europe

as well. they feel disenfranchised. they are struggling financially. they have not had a good situation. they are angry, and they should be. and that angers is communicated politically. and so now, there are different proposals within the united states, but nothing is working. and so there is anger going towards china. and china knows that. and so the question for them is and they keep their system exactly the way it is, which is a winner, and what our government is looking for is much more equivalency. so for example that tariff plus taxes, before these current tariff wars, it cost a u.s. company three times as much to bring goods into china as for chinese company to bring them into the united states. so that's really sort of unfair. there is no one who would

think it wasn't unfair. their markets have been closed relative to what we allow them to do. maria: market access is key is in it? >> all we are trying to do is say can we get closer so the best product wins. the cheapest product wins. you could win a bunch, but we will have a chance to win a bunch. and so now it's so uneven it's not fair. >> china's opening up its markets for the services industry. and j.p. morgan was among the first. >> yes they've done a little bit and we are not the only one in the and the last year they've opened up a few. and so it they have been opening the market for 40 years. they have quite a good job at that. but the american public should look at this and say that china is going to surpass the united states. not really. we have all of the food, water, and energy we need. we have the atlantic and pacific and we have very good

neighbors in canada and mexico. our founding fathers gave us the freedom of speech, enterprise, religion promise all we have the most vibrant businesses as well as ever seen the best universities, the best innovation. that is not all going away. they don't have all of that. they are at a very tough part of the world. they do not have enough food or energy. they have people living in poverty and i'm not saying it disrespectfully but they have a lot they have to get there. they are knocking to do things the way we wanted. they need to do it for themselves. they're working on a very complex trade deal and it needs to be done for both sides. i take it the face value that they have made a huge amount of progress. these are very capable people who look at all the serious issues and they get it proper. this a be a foundation to have a good strategic cooperative, competitive relationship with china. it's good for both of us, and may become.bind we could solve

some world problems. maria: say think we will get a deal? >> i do, bios have to get odds. i give it 85%. i think is already in the market that we have a deal, but that reaction would be really adverse in my opinion. and if the only thing that you said in the short run could happen that could cause trauma and reverse all this confidence, it would be that. >> don't go anywhere more of maria's biggest interviews when wall street returns. ♪ ♪ any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual.

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to most, sports or games, but here it is big business that's why maria sat down with some of the most influential names in sports and 2019. not only did they discuss how their games are growing and evolving, but she also gain insight into their business plans and their views on the u.s. economy. take a listen. maria: a lot of talk about quickening up the game, and then you've got robotic empires, what are your changes happening what is your take? >> what's great about baseball, it was the number one sport for about the entire past century. and now you have sports like nfl and mbl taking market share. we started to do this already, we have to think about baseballs and entertainment business not just sports. in what i mean by that is how do we connect to our consumers? how do we turn a really long game and turn that into a positive not a negative.

and we look at the time from four to 7:00 p.m. i should be up to look on my phone to look at 30 batting cages and see what aron judges doing to get ready for the play. but right now we are not doing that. we do not have access. now espn is following, they have over 200 espn plus paying almost five bucks. and now with that others come down with $13 we have the buying the fox deal, coming after netflix coming out right at the forehead. i think baseball has to think a little bit more and we are on her way. my daughter has a bunch of friends come over they are all 15 and 14 years old and on ask if they wanted tv, and ipad, or phone. they always want to be on the phone. so that's how we have to connect with the next generation. very bullish when it comes to baseball the next 200 years. the short term challenge is we have to bring in our j lo

rihanna, bring them into the baseball ecosystem. make the hall of fame and events. more like a festival. make the all-star game the greatest thing you cannot miss. mix the tube between entertainment and our great game has such great rich history. maria: i'm guessing jayla will be that hard for you to get. >> she's a huge pan. this before where's the growth in business today? >> the good the bad the big businesses are growing them most because they're taking advantage of artificial intelligence. the smaller businesses are, there's especially like he is in your bra with the elements of the click of the dead. as a small company have to be innovative and differentiated. but you can still make it. the big guys like these little holes. and i think small companies, if they are really creative and really push into places where others are, you can still start a small company and really grow up big. but in terms of where to look, i think artificial intelligence integrating into small and medium-size

businesses, like i have a company called no doubt i owe that does a platform for ai that allows smaller and medium-size businesses. we use it to use ai to increase their sales. those types of applications are going to grow. i think healthcare applications are girl grow. and medicine becomes more popular. there's more opportunities there. so there's always places, always places for entrepreneurs, for creative people to find ways to change it. i tell my 10-year-old as we're walking down the street outside jay, look around, my 13 and 16-year-old too. but they don't listen to me as much as my 10-year-old does. i say look around, everything you see somebody came up with. there is a day when that camera did not exist. there is a day when that billboard, digital billboard did not exist. somebody came up with that idea. there is no reason why that next big idea can't be your big idea. so i talked to gradeschool kids, and i tell him that exact same thing. the american dream is alive and well.

maria: tiger woods is a hero of yours growing up right? how does it feel that tiger is back on top and you are playing the same champion? >> i feel very fortunate that some people say you don't really want to meet your heroes, but i met tiger, it was a long time ago when we have become pretty good friends. and nothing could be further from the truth. he has been awesome with me, i have a great relationship with him, i was so happy to see what he did earlier in the year. i don't think people truly realize what he has had to go through to get back to the stage. i think people -- make everyone involved in a business, tiger word is good for us. spieth for how was golf change customer there's technology, a broader acceptant from a broader number of people. tell me what goes into that in terms of the change in how it has a ball from your standpoint?

>> even since i started to play, i would like to think golf is become more inclusive. whether that be last men only clubs or younger people getting into the game, it's more accessible, hopefully you don't have to earn a lot of money to play the game anymore. i come from a part of the world are we have a lot of public golf courses. golf is just as accessible as any other sport to play. but even in terms of a bigger business. people realize that technology, everything that goes on around the game, everything just becomes a little bit bigger with social media with the exclusion that that brings just sports. i think more people want to be involved with that. maria: you said business it sure is a big business and you have all of this endorsement opportunity. how do you decide, tommy what the brand really is. >> i think of when i brand, i obviously want to be as authentic to myself as possible.

i don't want to create this brand that isn't me. and we've seen that done in the past. people have tried to put for this image that is not quite them. i want to be me. >> don't go anywhere more wall street after this. (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill.

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welcome back, don't forget to what wall street every week fridays at 9:00 p.m. maria will be back for another year of big name breaking news, and market insights. and on the fox news side make sure you catch sunday mornings futures, every sunday 10:00 a.m. eastern time. plus, start smart, too

nine-week stays at 6:00 a.m. to 9:00 a.m. easter with mornings with maria. right here on foxbusiness. that will do it for us, thanks for watching, see you next time. ♪ ♪ this week on barron's roundtable tensions escalating what is it mean for the market and your portfolio. stocks, bonds, real estate, the very best options for income investing. and ceo eric yuan on the highest performing tech. barron's roundtable starts now. ♪ ♪. jack: welcome to barron's roundtable the sharpest minds on wall street me to it get behind the headlines and prepare you for the week ahead. i am jack otters. we'll