weekday 5:00 a.m. eastern time right here on the foxbusiness network. that's it for "making money". it's time for the countdown. >> i will grab it, thank you very much. history ahead of making history. the s&p and nasdaq are about to launch new records in the china trade deal in the last couple of minutes, it's inching closer to reality. what do we mean? , the go, chinese delegation arrived at the d.c. hotel. this is video of them walking through the entry. ahead of the big moments wednesday. live in d.c., watching every second. his already broken news of the olive branch from a trump administration involving china's currency to iraq. as we head into this final hour, the dow is up 57 points. s&p up 18. that's the record. nasdaq up to 80. tomorrow america's biggest will kick off the course fourth

quarter. one of the nations top banking analyst says these are not your father's banks. mike is hear from wells fargo up to explain why they need to ink more hoodie than jacket and tie with banking in 2020. and a "wall street" staple for years, a daily basis, he's ceased to exist. why? what happened? the faint and sometimes controversial market insider and offer is about to reveal his second acts and how he sees this moving in 2020. dennis, that's live plus and oscar double take for netflix, we are about to show you how tiny the new tiny targets really are and charlie brexit on "wall street". less than an hour to the closing bell. let's start the countdown.

♪ we got a big of a shocker. i will the sexual assault trial heading into the second week. he's been called in for potential juror in the case. he's been accused by more than 80 women of sexual assault. leaving court hours ago, the daily news reporting he was one of two people who raised their hand when the judge asked the entire group if any of them knew a member of the defense or prosecution and admitted she met weinstein, the oscar winning. weinstein is facing 28 years to life in prison for the sexual assault of two of his accusers in 2013 and 2006. let's get to elon musk. you should be dancing on the

ceiling after the stock this morning blew past the $500 mark it now stands at $518. fifty-eight minutes left for the closing bell ringing. electric vehicle maker by 60% to 612. it's 118 right now for a share. thus the second highest call on "wall street". apple hitting a brand-new high after getting price target of 375 from davidson. $314.97 right now. 375 would be the highest on the street. i may flip it over to shares of google and alphabet hitting a record today and inching closer to the 1 trillion-dollar evaluation mark. alphabet google fees to trade around $1,004,150 a share to actually hit the $1 trillion market. big tech going red-hot at this hour and so is meat maker, beyond meet.

that is on a pair. beyond the moment is up 16 and two thirds%. $112.5, adding to last week's surge of 27%, after mcdonald said, it nearly doubles the scale with vegan burgers using beyond meet. fifty-two of its restaurants in canada for the moment has dropped down, although i talked to pat brown, he says it's up to each restaurant to make their choice. but they did not voluntarily drop out. breaking news, this happened on the go. chinese trade 18 just arrived in our nations capital. ahead of one big signing of the phase one trade deal between the u.s. and china. edward lawrence was the first to report on foxbusiness this morning that the u.s. will remove china from its list of currency many believers.

the treasury department had added china to this list five months ago after dropping iran to what president trump called historic low in august. it breaks the seven at the dollars level. right now, it's below that at the moment. that's at least a flag to the americans that they might be manipulating and weakening their currency so their products become cheaper to the rest of the world. as we watch all of this happened, one major question still hangs in the ballots. what exactly will be included in the 86 page document that we are now being told is a phase one deal? reports say the details of this deal will remain until the ink is dry on that deal. edward lawrence has been on top of it all. more than a year end a half, edward is there a sense that the optimism is heading into phase two talks? might you be able to finagle a little inside scoop? >> we will try but you could

just feel it in the air when the trade folks, that i talked to about the fact that this is finally coming to a conclusion expected to be signed on wednesday. the chinese has a very long road ahead of them. a busy week tomorrow first stop will be to prepare or repair economic damage, letting companies know they are open for business from trade sensitive companies, we've seen a lot of volatility over the last 21 month. billions of dollars in tariffs were not pass the cost along to consumers. the trait uncertainty is reason some of the costs have not been passed on. companies are a little leery about raising prices in this uncertainty. the deals are expected to be signed wednesday. some of the uncertainty may be going away depending on what's in it. they have publicly read anything in this deal, a senior administration official tells me the moment it signed, it will be posted online for everyone to read. as you said, we're the first on the foreign exchange coming out

before the deadline that this is signed on wednesday. this is something the chinese want. in that report, a source out of china tells me the chinese will be removed of the currency manipulator in that report. china said they would not sign the phase one trade deal unless they were removed office list. it's a very big concern for them. a very big week for the chinese, starting off with that business encounter coming up tomorrow. they have several business meetings and the signing on wednesday. >> it's historic. we will be watching. forget watching it, you don't need to be anywhere right here on wednesday. the claim and countdown will be live at the nation's capital to witness a historic signing of the phase one trade deal wednesday with deals, participants and business leaders joining. do not miss it, 3:00 p.m. eastern only on the foxbusiness network. we are heading to d.c. rocket heading higher at the

trade deal has nearly finalized. we want to ask you, do you own too much stock? according to the fed, more than 50% of americans right now own stocks and the average portfolio allocation are committing to stocks, 53.8%. this is according to the research. compare that to 30 years ago, when only 30% of americans own stocks. the democratization or assigned that investors are little over this? what you think? >> i think it's great news. more americans in the stock market, the better. the super lead, now it's easy access. the less cost, i think everyone should have some kind of equity on that risk and time.

i personally think monthly inflows overtime is best with a little room with cash just in case we do get a corrective face but the average cost will do very well for those who could put their money to work. >> let me put you in here. i say that because phil, i love you. i know you are and have been right and write and write about fully invested but you are a little more cautious. americans are being able to buy more stock now and have it in their portfolio with evolution, meaning 20 to 30 years ago, ameritrade, is to trade did not exist. you had to go through a broker which might have been intimidating or costly for people. look at this people who own stock in a larger portion of it. how do you see it? >> you need less money to be in the market. scott said with ets, it is by $1000, you don't have to buy

$100 stock and there was a minimum trade and all that. so it's made it easier for people to get into the stock market. i do thank you always need to be allocated to the market but that doesn't mean you can't shift your allocations for more aggressive to less aggressiveness. for 2020, i think there should be stocks that have good balance sheet paid a dividend and a little volatility because it's going to be volatility with elections and all the other news out there. but you are right, it easier for people to get into the market and buy stocks much easier than when i started, 20 years ago. >> i guess that question is now, i think about this often, risk assets at this stage of a very long market, it's the right way to go. >> it depends.

you mentioned 30 years ago, only 30% of the people were in the market. what about the 70%? don't you wish you were in 30 years ago? only invested 30 years ago and i think if you look at most americans, it's not only -- i think it's great because it's not only the market if of the stock market, lifting people out of poverty that were never involved in this. but the answer is, we had an incredible one. if you are near retirement and want to change allocation, bonds are cheap right now. commodity stock will have more upside right now. but after an incredible one, if you're five or ten years out, keep your foot on the accelerator. if the stocks correct, you will be buying even more share. i'm excited because i think there's a distrust in the country. a lot of the people in this country don't trust the market will get involved with it.

i think education is what we need to do. he people, it's one of the best way to get wealth overtime. >> i agree. since 1930, the stock market has returned nine to 11% but people are once burned, twice shy. thank you so much. we have 49 minutes before the closing bell rings. it may be january but christmas bells are also still ringing for retail. leisure giant starting to a new record after a blowout holiday. hanukkah still driving january best for abercrombie and finch which we reiterated the record back to friday, black friday. five below, grinding living up to its name. down way more than five below. 13%, misguidance on disappointing fares but up 4%.

what happens after the most wonderful time of the year? it really does eventually fade. next, the big green target is hoping to hit by going smaller in 2020. just how small? we are about to show you and to end. jackie will market for us when we come back. ♪

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oh boy, we've got breaking news. following a record $5 million fine from major league baseball organization, houston astros owner has just fired its manager, ajay and general manager jeff for sign stealing. joe, what is that? okay, they have a camera and they were stealing other player signals? okay, we cannot assume what sign stealing is. the movie where they were doing all of that stuff. so, we will have more because connell is working on this story. he will get it to us in a few minutes. the astros firing top manageme management, the manager and gm.

beautiful or bountiful, at least that's what retail giant, target is helping. target opening a story of stores that are smaller and more targeted to affluent neighborhoods. how small? jackie is about to walk and to and to show us. take it away. >> this is about a third of the new york city block so you can imagine it's a lot smaller than what you see in the suburban shopping center, something like 10000 feet long. this is target microstar. what they have done here is they are trying to basically get people in the door ordering online, picking stuff up here, taking turns here. they can combine their experiences when they come in, maybe they will pick up extra items in fact the new retail business model. we spoke to one target shopper who said that's been his experience exactly. >> i'm from the upper east side. i never thought we would get a

target. i went into brows and my friend over here, she said go to the rx bars. i said i do love them. i need a birthday present, i was in the checkout line and i saw a green bay card. i'm going to get these. it's a great experience. >> they have a lot of everything. on this order, a mom and pop store, they are across the street now but they are showing that they are still taking over because that price comparison, you can't beat it. a lot of people who live in this neighborhood said they come in for their household items, they don't want to go to the grocery store. it's quicker and they can get more here at target. this will be the retail experience that wins. they're coming in from these

affluent neighborhoods. this is the upper east side. a little less than 25% of target visitors make over $100,000. the ceo is trying to capitalize on that. here in new york city across the way, they are opening one of these micro stores as well in the 60s and broadway. there's an appetite for this, people are using the store and they like having in the neighborhood. >> i find this fascinating. i like the guy you interviewed. he's now learning when a suburban white as. you walk into by one thing, he walked out with 38 things. thank you very much. we got this breaking news now. mitch mcconnell says the senate is looking forward to debating the war powers resolution very soon. this is a live picture of mitch mcconnell on the floor of the senate. what this do? they will limit the president's ability to do much in iran without overall congressional approval. indefinitely declaring war.

so this is happening as we speak. we are going to hear more about this in a few minutes when we get it. we will bring that to you. goldman shining with the closing bell ringing in 40 minutes. jmp upgraded the financial the key to market outperform. right there at the top, gaining $3.17. they are giving the stock at target $290. $245 and change at the moment. that's a 52 week high. less than 16 hours, goldman from patriots, morgan and they will lead the charge into the 2020 earnings season. one of the banking industries must follow analysts said it's a completely different sector that will boost banking stocks in the new year. first on foxbusiness, we've got wells fargo securities, mike. he's walking down the hall, next. the countdown is coming right back. the dow is up 45.

why do bank earnings matter? even if you don't own stocks, tomorrow when jp morgan wells fargo kickoff earnings seasons, quickly followed by bank of america, goldman, morgan stan lee and state street. look at this. charles, u.s. bank court, usc depending on how much money they did or didn't break in from stock trading and wealth management, some of these names will have the power to move the entire market and not necessarily up. are those metrics once you really should be watching? where joined by security analyst, head of u.s. large bank research, mike is first on foxbusiness.

i've seen you are wearing not just a sport jacket, is a hoodie? >> you caught it correctly. >> you can't beat a banking analyst without a tech analyst? >> exactly. thanks spend more technology more than any other industry. we think this is the decade of banks and technology. i will play the part here. >> are using everything from acts to the cloud to data, fake data etc., that is what will make or break these banks in this decade? >> that's the starter, absolutely. digital banking, electronic payments and the government over the whole process, that makes or breaks the bank because that allows banks to grow revenue. if you control expenses, it means you are not stretching the last bit of revenue, making a risky loan to latin american countries like in the 1980s commercial real estate in the 90s technology in the first tech bubble or residential feel

estate. control expenses, studies revenues, annuity like outcomes, tech and marriage, tech is getting married to banks and its prominent after a quarter of a century, it's not really working. >> i have my citigroup app, i have capital one, son mo, i've got cash. app seems to be very much the focus but we are talking about everything, you're talking specifically about something called flybridge. mike is going to explain this, it's a big deal in banking. >> this is an example of a big deal. they must take the trust that's in the banking industry. you can trust your data and it takes --

>> can i? >> for the most part, yes. thanks are overseen by regulators and the data is generally -- nothing is ever perfect. but generally, things have a perception of trust with data. you can look at the polls for that. since the financial crisis about incentives and things like that, every quarter of every year, thanks show good earnings and regain that general trust. when it comes to data, thanks have a. when it comes to experiences, that's where big tech comes in. they give you the experiences. companies like flybridge or other vendors out there are looking at trust banks with experiences of big tech so that when you walk by a store, you might say we saw that you brought this present a year ago. do you want to buy a present again? they anticipate or if you are at an open house looking to buy a new home, they have your credit score, they might give you a mortgage or send someone to your place. we are talking about uber, amazon, netflix type expenses. fifty-eight or another vendor or bank of america is doing this.

bank of america spent $30 billion uncoated over the last decade. in-house homegrown coat and they had a breakthrough moment last month when the ceo brian, i know fox has written about this recently when they said it's not anymore just about do we have a digital banking customer? it's about once the level of engagement with the digital banking customer. are you transferring money? are you taking a picture of your text and sending it in? now we are talking about deeper engagement like big tech companies have. the next generation of digital banking and branches control, it's good for the customer an actual holder. >> everybody has a smart phone now. you see branches closing, i do need to ask you when these numbers come out, tomorrow jp morgan, city, wells fargo. what is beyond the front page,

specifically do you hunt for when the bank earnings report hit the tape? explain to our viewers what they should look for. >> but the viewers should look for our general metrics such as how fast loans are growing. that's a sign of economic growth. what's happening to credit losses at banks or companies having problems ask when i look for might be a little bit different in terms of priority. i'm looking for to metrics and that is how fast revenue is growing and how fast our expenses growing? as long as revenue is growing fast and expenses, that shows the bank is working and we think that spread will be greater to the largest banks. likes of citigroup, bank of america and jp morgan, those are the ones that should be showing the better leverage. >> you say people should look for that revenue coming in, it should be in higher than the

expenses growing up. that's basic math. >> this is finance 101 but the reality is it's not always the case. >> got jp morgan, city, and tfc which by the way is a combined, what don't you like? >> i was negative for 17 years on the banks. before the financial crisis but now we are on the largest banks in particular. the regional banks, if goliath is winning, the largest ones are winning, we think david is losing, those are the ones we are not sure sure of. >> mike wearing a hoodie and pushing back on biblical analogy there. good to see you. thank you so much. the big numbers start coming out tomorrow morning. mike is the guy who really knows exactly what's going to happen. it's not necessarily cold. the closing bell ringing in 28

minutes and nasdaq charging ahead by 78-point in 2019, the precious metal gold ring up robust returns but will it sparkle again in the new decade? one of wall street's most followed analyst here on the latest iteration on its must-read newsletter, no longer a newsletter. the carbon briefing is next on the countdown. don't go away.

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one of wall street's most widely subscribed newsletters, gartman letter ceased to exist. never fear, the gartman briefing is about be launched. it will be a twice monthly newsletter and we are about to get a sneak peak into the very first one right here on the countdown. editor and publisher, he's here in a foxbusiness exclusive. what happened?

no more daily gartman letter? why not? >> thirty-five years getting up at 1:00 a.m. and trying to write five to nine pages every day. it was getting tiring. i'm almost 70 years old. i like to tell people when i started this 35 years ago, i got the morning post for the people, the china people three days late in the mail but i was still a week ahead of everybody else. the news is now absolutely immediate. it's time to admit the game has changed, so things down a little bit. it's just a little more difficult to write than it used to be. a number of reasons. >> i get it but you're still all in on the gartman briefing. it's a big launch in a day or two but your giving a sneak peek on what's going to be your lead. can you give us that much at least? >> i'll talk about what's going on over in china because i think

a lot of people are paying too much attention to the signing of the agreement on the 15th. we know that's going to happen. i'll talk about the background and there. i'll talk about geopolitics a little bit, what's happening with the assassination last week in the background that happened between switzerland and iran to accommodate the u.s. i'll talk about the missiles in the attack and the fact that they have tumbled from 1622 about 15 in the course of 54 hours. the cold is getting cheap and i'll talk about the fact that stock prices are egregiously high and likely still to go higher but i would urge caution. there are a number of things to talk about. i'll take a longer-term perspective than i have in the past. >> late 2018, i believe october, you are right here and called it for gold and said gold would be a very solid investment. sure enough, it spiked about 18%. stock market broke record after

record after record. are you switching this out? how do you feel? you feel like you need to change your view on stocks? or did you miss it? >> well, i missed it. let's be blunt. the most important thing is to admit you are wrong. i was wrong. stock prices were high a year ago and think tank in october, early december and 2019. it looked like things were coming apart and i missed the fact we turned around on a dime and went higher. i did a lot of other things right there. for the next decade, the place will be in the commodity markets. the only thing that might not be cheap at this time is crude oil because there's so much more coming at us out of libya and iran. but commodity prices i think will do very well. as the chairman of the university, i'm trying to push

us a little toward the investment and commodity marke markets. i'm trying to push us a little bit more and investing in the commodity markets. did i hit it right last year? no. >> that's a lot of people, after nine years, ten years, it was time. again, this defied all odds. as you mentioned trade in wheat and cotton, i will simply say the signing of the phase one trade deal, they're not one 100% sure, we have not gotten the actual 86 page document but we are expecting the chinese will step up and by much more of what our farmers produce. soybeans would be also an opportunity since they are huge consumers of soybeans and sorghum in commodities such as that. >> let's hope that is true. currently, that's the incumbent in the spanish script that's going to come out on the 15th.

no question, everybody has talked about soybeans. i would lather be a buyer of wheat and soybeans because nobody has talked about the wheat market. the weather in australia, everybody's front page. that has had a huge impact. i'd rather be a buyer of wheat but that doesn't mean grains won't go higher. we are producing a big crop this year, and i probably a bigger crop next year. we should pay attention to how american farmers every year, rain out, we produce more on the same amount of acreage every five years and we will continue to do that. >> the gartman briefing. if you haven't priced it yet but people will be able to find out more about it in a day or two. by the way, dennis is starting a podcast as well. you are training a podcast crew. congratulations, dennis. >> thank you very much. have me on again sometime in the

future. >> absolutely. and the winner is, the closing bell ringing in about 17 minutes, the dow is up 51. netflix missed out on best picture last year. but now the streaming diet has doubled its chances to win the academy awards top prize. the full oscar nomination preview is straight ahead. one man, no stranger to the academy awards, his company 12 oscars and he attends every year. you may have missed it but he was recently featured on the top to this podcast. hear his story about his first job at age inc., shining true. that's right, he goes from the kids shining shoe to polishing oscars. get it at apple and podcast, the countdown is coming right back. stay with us.

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let the race for oscar glory began. 1917, adding another notch to its belt with best picture. twenty-four hours after dethroning the rise of skywalker from the weekend box office with 36 and a half million dollars in the big hall. the world war i film is not the only epic when oscar fight. netflix is the irishman hitting the target after firing a golden bullet from last year's broadcast. the saga is now up for ten awards including martin for best director, joe and robert de niro for best supporting actor and of course, the ultimate price, best picture. marriage story garnering nominations including best

supporting actress and asked to lead adam and scarlett johansson, both are up for lead actor and actress respectfully. shares of netflix flying high on the oscars success, jumping two and three quarters ascent. everybody thought they're not going to do that. well, they are doing well. clear market winner at this hour but the biggest hollywood hero of all, "the joker". the warner bros. origin story based on the batman garnering the most oscar buzz with 11 nominations. phoenix seen as the heavy favorite. to take on the best actor award. early oscar feet, not enough to help warner media at&t as we head into the close. let me say, i'm totally in the right that the movie richard jewell was snubbed. i thought it was phenomenal. it happens.

>> i saw 1917 this weekend. it's really worth seeing. it's really powerful. it's unbelievable. there we got. we agree on movies. i heard you talk to -- could you do the baseball signs again you are doing earlier in the show? >> remember that? >> hit and run. so we are going to talk business of sport next hour because this sign stealing saga is big time. it's actually the captors signs. but they are worried about. to the curb fall, the kind of thing. but the astros did, the use of technology. they set up a camera rather than feed near the dugout. we get the sign and he would bang on a garbage can until the hitter was coming.

5 million-dollar fine. we are going to talk., next. >> maybe they are taking a page out of the patriots book. >> i seek what you did there. he was the bench coach and he could still face discipline. >> thank you very much. the 50 new records in a moment which we will tell you when we come back. don't go away. .♪ invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk 45 plus at average risk. i've heard a lot of excuses to avoid screening for colon cancer. i'm not worried. it doesn't run in my family. i can do it next year. no rush. cologuard is the noninvasive option that finds 92% of colon cancers. you just get the kit in the mail, go to the bathroom, collect your sample,

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six minutes to go before we hit the closing well. only two of these will hit records if they hold what they are, as the np and the nasdaq from a brand-new records. s&p has to be up 24p, it's up 21. the nasdaq needs to be up 20 -- i got that wrong.

s&p needs to be up at nine. it's up 21. the nasdaq has to be up 24. it's up 90. let's call it right now. that is dangerous. i shouldn't do that but as a democratic field narrows, "wall street" is now beginning to rally around one name. charlie is exclusive information on the power players moving to which cap? >> cory booker is out today. cory booker had a "wall street" contingent behind him. he was on the school twice. a lot of headphone guys, he was friends with him. he's been dealing with him over the years. he's out now and a lot of people are saying it's a three way race. bernie sanders, elizabeth warren joe biden. joe biden is still in the lead and biden is now the recipient of the interest will be more wall street people there. here are some names which caught me by surprise when i looked at them. there was a recent meeting with

biden's people. mark lazry. third point. i think he was in the buttigieg camp but not in the biden camp. mark gallogly. ray maguire. liz: citibank. >> one. business on wall street. roger altman, not necessarily in the biden camp are now moving towards him. what does it mean? it means money obviously the biden raised a decent amount of money. there are other names. tony james at blackstone. jane harley. obviously it's money. it is somewhat prestige. it shows a growing angst on wall street that generally, wall street is interesting. you know, listen, rank-and-file wall street guys will vote republican. the big money guys generally tend to trend moderate democrat. i don't know why that is, but it is. they are obviously worried about sanders and warren getting in there two kind of socialists, a

quasi-socialists. they see something interesting in biden. he stayed in the race. still like, he is still nominal front-runner nationally. he is banking on a huge super tuesday win. they're looking at bloomberg this way. nobody really think mike's going to win. he might win, spending astronomical amounts of money. he can spend so much money, it will blow the thing open like no tomorrow in terms of spending money. he will do it on his own. a mere dent in his net worth. that said what they see him tacitly supporting biden. they're telling me there is nonaggression pact between the biden people and bloomberg people. they never mention each other. never once. liz: interesting. >> all the attack ads bloomberg put out are anti-trump attack ads. very interesting. look for if bloomberg doesn't win in super tuesday he is still going to stay in the race but he

will still spend. he spends what he believes money to help nominate somebody a democrat over trump. from what i understand his preference is biden in that happens. liz: patricof sat in that compare biden was his guy. liz: bernie schwartz is always in. bring it shana, i want to know our you have a big brain obviously 18 million under investment where are you investing as we're on the cusp of two other records here. >> we're being somewhat defensive. although markets are hitting new highs, there is reason to be more defensive. some leading economic indicators softened. we're looking at health care, real estate, quality and value. those are the key themes. liz: quality, value. do you have prediction when the

bull market might run out of steam? that is full looking glass five of thing. what are you looking for? >> i refuse to the make the questions. always a chance i will be wrong on national television and i prefer not to have that for the archives, but i do think this could be a sustained sustained bull market. i don't for see us continuing to hit record highs and see stocks up 120% with high p-es. liz: right. >> i still think you see fundamentals will start to drive returns. we see that a little bit in the fourth quarter. i think that will still be the case as we to into 2020. liz: finally, what do you think of real estate? i'm very interested to know, we have 15 seconds left. how the best way for people to invest in real estate? >> global quality reits. our favorite is gqre. flex shares global quality real estate.

you make sure you stay out of some value traps. real estate is attractive. rates are all-time lows. you can invest quite a bit of money at very low rates. make great profits long term. [closing bell rings] liz: shana sissel of ryan. we have records. melissa: all three major indexes in the green. the world's 2:00 largest economies prepare to sign the phase one trade deal this week. the dow closing up 80 points on the day as we settle out. i'm melissa francis. connell: i'm connell mcshane. good start for the week. welcome to "after the bell." s&p, nasdaq closing record highs. third of year of 2020, s&p, nasdaq leading indexes so far in terms of records. another one up today. almost up 100 points. more on big market movers. first here is what is new at