earnings reports also some companies who could be affected by a terror of slide colley davidson or caterpillar boeing are also among the big companies to report their earnings in the next couple of days. keeping an eye on all the market movers there for us in new york thanking the ends. the head of goldman sachs said today that of britain doesn't manage a smooth exit from the european union the u.s. investment bank would scale down its role there goldman's david solomon made the comments of the world economic forum in davos and that there's a common theme in those meetings that ended today big concerns about the global economy and no clear picture of. in just a few hours time peace and quiet will return to davos the delegates who came here to seek solutions to the world's problems will be gone for another twelve months. as usual participants at this year's gathering tackled some big issues conversations focused on trade conflicts climate change and of course the many unanswered questions about britain's departure from the. prosecution. i think you know mother and johnny come back to be delayed others

seems to me there are things that are certainly sensitive to the surroundings companies like caterpillar boeing dear except for that are really could be impacted by these trade wars those could be or even take about g.m. where you know they're shutting some plants and president trump a hit on mary bear the stock took a tumble she got to be careful on all these things which is why we love having you on these individual stocks adam ashe of adam trading thank you so much for being with us happy new year again my friend take care thanks so much. and we can't start the year with out talking about kryptos that bit cohen around thirty six eight hundred thirty three thousand eight hundred fifty dollars today as we all know the crypto currencies took a deep dive last year but what does the future hold here to help us tailor lettermen of simpler trade we love simpler trade love tale happy new year taylor thanks for being with us again i can hear you thanks for having me so first of all let's talk about this terrible tumble last year and what you foresee going into this year we were starting pretty far do

/china trade talk story, caterpillar, boeing among the industrial stocks. so sensitive to any development coming out of china and these are the stocks also that we need to keep an eye on. this is a bigger deal than just apple. >> yeah. this is the case that it broadens out you look at 3m as well, they get a lot of revenue not only from asia pacific but then europe. the multi-nationals. if i had to look at a silver lining for the industrials, if we get a weaker dollar against some things, which is the yen right now, that might help these guys out in general, you're talking about economic slowdown in china that's going to hurt boeing, caterpillar, 3m. you name it, pick it sorry, tim >> the administration, i'm reminded of the interview that larry kudlow did on the halftime report where he said there was no end in sight on october 12th. talking about the economic boom. did they not expect, think that their trade war with china was going to have this sort of impact on the global economy and some of these companies like apple this quickly >> i'll tell you what, i

today it is the industrials and materials leading the way higher caterpillar, boeing, 3m, and dupontrader's take on the markets coming up next >>> as netflix goes, so goes the market it's the mantra given to us by steve grasso as we mentioned this hour, netflix is trading lower so what does this mean for the market here? steve grasso joins us now to break it all down. >> hey, melissa. >> is it working are you proven right are you proven wrong >> yeah, you know, it's always too early, you know, when you look at these things on the daily level or a minute by minute when you look at the market as a whole, i think that netflix has been indicative of where the market is going. it's been more of a leading aspect of it right now the market is listening to china headlines versus what the overall fundamentals are whether it be soft or global growth. it's myopic on china you don't get that aspect with netflix. >> you're looking at levels now, right? >> yeah. let's look at the chart real quick right here so anyone who does the fibs they know me as the fib guy now this is the 100%, your 0%. your

what it means for the big caps we're talking about caterpillar, boeing, apple and more plus a big call and cut on netflix. the first editions of "the halftime report" of 2019 with scott wapner and the traders starts right now >>> happy new year good to have you with us on this wednesday. here to debate and trade the biggest stories of the day, joe terranova, jim lebenthal, josh brown, jon najarian. we start with the markets, the new year getting off to a rather volatile start new data in china suggesting the economy there continues to contract joe, the biggest story we're talking about, china, trade, the global slowdown, whether the fed is behind the curve. all of that as you enter the new year >> everyone is trying to face a strong degree on what the price action will be today and there is no relevancy. if you're going to try to extrapolate what that means for the remainder of the year, the return is less than 50%. as it relates, obviously it had an impact. you learned a little bit about oil today in the fact of we are dealing with supply concerns, not demand concerns. oil was down on

caterpillar, boeing trading to the downside these china concerns are not confined to just stocks. look at copper, that's getting a lot of attention here on the floor of the new york stock exchange a nearly two-year low, that's weighing on the global minors. and the australian dollar, seen as a good china proxy, has come under pressure the china story playing out in different sectors, in different assets in terms of what is working for this market, about four stocks on the dow trading to the upside, png, walmart, coca-cola, stocks that have a certain defensive tone to them look at gold it is approaching $1300. and the japanese yen, kelly, now gained 7% in the last five trading sessions that tells you how investors are positioning themselves back to you. >> a surprise to see that big move in reaction to the apple news too, seema. thank you. seema mody for us. more on the big stock story of the day, which is apple. shares on pace for their worst day in nearly six years after cutting guidance josh lipton joins us from san francisco with more on this and his exclusive interview with ap

like caterpillar, facebook, boeing >> all of it right now we're looking at the glass half full. >> in addition to a trade talk and fed meetings, it will be jam packed let's get over to the half back at hq. >>> stocks out of woods or about to begin a new sell off. it's the critical question for your money this is the halftime report. >>> flights grounded by stocks soar the market shrugging off flight problems due to air traffic controller shortages because of the shutdown at several major airports the dow on pace for the fifth straight up week the s&p and nasdaq on the edge of keeping their streaks alive too. >>> the halftime report with scott wapner starts right now. >>> welcome. good to have you with us on this friday let's begin with the markets stocks having a big day to close out the week would be the fifth straight week of gains happy new year >> thank you >> seem to be pretty positive on where we're going to go this year >> we remain positive. the biggest head wind faced especially in the second half of 2018 is related to the u.s. political, geo political backdrop as it relates

th news probably helped caterpillar and boeing. two stocks that are proxies for china trade relations both up more than 5% in today's session. eantime in washington, republicans, democrats and federal workers are bracing f at could be a lengthy shutdown after president trump confirmed today tt he told house leaders that the partial government closing could last for months maybe years. he was asked about that by pennsylvania reporter during an afternoon news conference >> you said in the meeting -- this is him quoting you -- i justckant to c that the shutdown could go on for months or even a year or longer. did you say that. >> yes. i did. i did. >> border security. >> is that where we are. >> absolutely i said that.th i don'k it will. but i am prepared and i thinkak could sor republicans in the house and republicans in the senate. erey feel strongly about having a safe country. having a border that makes sense. >> a number ofes economists mate that each week of the shutdown will reduce economic growth by about 0.1% but that drug sh

. >> and other companies which o we heard about le caterpillar or boeing has been poster children as well for the trade active with china. >> for sure. >> do you think other companiesl like that will have problems as well. >> i do well adeleie -- you mentioned boeing. you think about the weakening of the biggest plane market in the globe one of the biggest suddenly buy less planes, uss traffic, buying less manufacturing fro that's where the tariff hits home. >> the issue whether or not the slow growth in china our shores.d what about our earnings season not long fro now for the fourth quarter what do you expect to to hear. >> got to play the averages like baseball a bit. sure l 2t year was awesome now become to average. maybe 10 instead of 12. >> is that priced into the stock nkrket. >> i tt is. i think we have gotten to the market where the market is far oversold. you are looking a a scenario. where if the fed is competitive nsumer.e a powerful wages increasing low inflation, low interest rate the signs of a strong consumer should suppo us. a lot of people wondering what to do about

boeing. caterpillar they do a lot of business in china hurting which are hurting and they're also very politically connected they're big businesses they employ a lot of people so they can raise alarms as well so this goes way beyond soybeans and intellectual property right for sure i mean this gets into a larger narrative of as you said china's emergence as a real economic threat to the traditional west which is something that's not just hitting the u.s. but also the e.u. the problem is with these tariffs the u.s. is really isolated itself and again what we see with the chinese economy is what's really been sort of a superficial or maybe sort of a one sided. plan around exports and now it's being it's paying for it it's a thank you very much for coming in. tesla breached a milestone today as they broke ground on its first overseas production line in shanghai and you get factory will allow it to sell directly into the comet had market ten steer clear of the china u.s. trade dispute tesco says it's also exempt from the requirement that foreign companies form joint ventures with local firms seven poi

also not just tech but a lot of industrial giants, can appear -- caterpillar, boeing, these are in theof the trade war. when they say how it will impact or how it has impacted them, it will be key and signal sentiment going forward. health care, they hit this coming week. they have been the stealth rally. we had stocks, the chip stocks that were strong last year. these have been strong this year. what they have to say is merger acquisitions going on. it is a peak week for earnings. qualcomm, tesla is in the mix. it will be chock full of action and numbers. the general sentiment of these earnings, how strong they are is what will influence direction. i should point out the market has been beefed up because of the strength in these corporate earnings. will talk more oil in a second, but let's talk about the fed. we are not expecting a rate hike, but we are getting a press conference. what do we want to hear? su: it is the first start of these live press conferences. we are getting -- it used to be occasional. you never thought it would be full or not. there are now routine. we will get c

gm, ford, boeing, caterpillar and starbucks stocks all sliding. >> you look at u.s. multinationals, it's natural their profits, to the extent they're generated in china, would be going down. >> reporter: still, many customers in china and at home say they simply can't afford an iphone priced at a thousand dollars or more. choosing cheaper asian brands instead. the question has apple outpriced its customers, or is the trade war really starting to bite? tom costello, nbc news, washington. >> in san diego this morning, a navy seal is facing charges of premeditated murder. chief edward gallagher is accused of fatally stabbing an injured and unarmed teenage isis prisoner in iraq. gallagher is also accused of posing for disturbing photos along with shooting other unarmed iraqi civilians. gallagher, a decorated 19-year veteran begins his court martial today. nbc'sans nichols has more. >> reporter: this decorated navy seal faces premeditated murder charges. killed ath a knife. it happened in the battle against isis in mosul. he is accuse of posing with the dead fighter who i

caterpillar, dowdupont and 3m and boeing what the the biggest are saying about china and trade. and the wildfires are blamed in part for the financial woes of pg&e but the company may not be able to pay for the damages. protest against the company is planned for today and we'lbel live with erin brockovich coming up on "power lunch." ♪ hawaii is the first state in the u.s. to have a hundred percent renewable energy goal. if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution that lets us collect near real time data on our power grid. ♪ if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ with who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. i love the custom ink design lab because it's really easy to use. they have customer service that you can reach anytime. t-shirts help us immediately get a sense of who we are as a group. from the moment clients walk

the week ahead it will be jam packed with earnings we get a lot of industrial names like caterpillar, facebook, boeingnow we're looking at the glass half full. >> in addition to a trade talk and fed meetings, it will be jam packed let's get over to the half back at hq. >>> stocks out of woods or about to begin a new sell off. it's the critical question for your money this is the halftime report. >>> flights grounded by stocks soar the market shrugging off flight problems due to air traffic controller shortages because of the shutdown at several major airports the dow on pace for the fifth straight up week the s&p and nasdaq on the edge of keeping their streaks alive too. >>> the halftime reporwi

gm, ford, boeing, caterpillar and starbucking today. >> you look at u.s. multinationals, it's natural their profits,ra ge in china would be going down. >> reporter: many customers in china and at home can't afford iphone priced at $1,000 or more choosing cheaper asian brands instead. the question tonight, has apple out priced the custom is the trade war starting to bite? tom costello, nbc news, washington. >>> breaking ut developments o of houston tonight. authorities just released a sketch of the suspected gunman wanted for kling a 7-year-old girl along with new surveillance video and tonight they are not ruling out the possibility this was a hate crime. nbc's gabe gutierrez with the latest from houston. >> he's going to turn himself in. >> reporteight jasmine barn's family believes her death was racially motivated. >> this is something i believe was a hate crime. he had enough time to know it was a woman with kids in the car. >> reporter: jasmine, her mother and thr sisters were on a coffee run early sunday morning when a man opened fire ldilling the 7-y

gm, ford, boeing, caterpillar and starbucks all sliding today. >> if you look at the multinationals, it's natural that the profits would be going down. >> many customers in china and at home said they can't afford an iphone priced at $1,000 or more, choosing cheaper asian brands instead. has apple outpriced customers or is the trade war starting to bite? >> breaking developments to telling but out of houston. authorities released a sketch of the suspected gunman wanted for killing a 7-year-old girl along with surveillance video. they are not ruling out the possibility of this being a hate crime. gabe gutierrez has the latest from houston. >> he has to turn himself in. >> her family believes her death is racially motivated. >> i believe it was a hate crime. >> they had enough time to know it was a woman with kids in the car. >> her mother and three sisters were on a coffee run when a man opened fire, killing the 7 yeefr old. >> what will you miss most about your sister? >> her smile. >> the 15-year-old was in the front passenger seat. >> he was white with blue eyes and that was it. he

boeing, caterpillar, travelers, intel, couple analyst upgrades driving some of this. organ stanley to overweight, travelers raised to overweight by barclays. we have seen good news among companies that rely on china for sales. caterpillar and intel, higher there. s&p 500 leaders, constellation brands doing very well after such a lousy day yesterday. that stock was down 12%, all's forgiven today, up 6%. back to you. lauren: gerri willis on the floor of the new york stock exchange, thank you very much. >>> this morning, we got the latest signals report that showed that 55% of chief financial officers expect a recession in this country by the end of 2020. optimism about their own companies declining sharply, now at the lowest level in about three years. only 23% of cfos see favorable conditions in europe and 24% see favorable conditions in china. what's an investor to do? we bring in john, what is an investor to do? >> hey, lauren. lauren: good to see you. >> thank you. >> investor should take advantage of recent weakness in the market. we had great seven or eight days. w

you will see some of these particular moves in caterpillar, boeing, and wynn resorts the names more leveraged point as we take a look beyond that to just the broader themes of chinese internet equity stocks, these ones are the ones that have been pretty hard hit in the recent downturn. but alibaba, baidu, and tencent music among the names on the chinese internet side showing life this morning. tencent's up by 4.5% at this point. so becky, as we take a look at these type of equities that have been sold off really hard in this recent downturn, these could be ones to watch to see if they sustain any kind of a balance. >> thank you very much dom chu. >>> sticking with china and the emerging markets, joining us now to talk about all of that is the manager of neuberger bermaner merging markets fund what do you say? where's the better place to put your money right now china or the united states >> i think it's a relative call on a bigger picture. the chinese market has sold off hard as you mentioned. that started earlier in 2018 it just seems like it was a big, long gestation period be fr the realit

trade sensitive names like boeing and caterpillar led the way higher. but some of those gains were soonpared back when cnbc reported that neither the treasury secretary nor the u.s. trade representative had made any recommendations with respect os tariffs by the close. >>> at the the dow was up 162 points. as itha happens,was near the high of the day. the nasdaq was up 49 and t s&p 500 added 19. now, when investors saw thatdd midday rally in stocks, many of them did not want to miss out, and that's t way the thinking has been taking hold lately on wall street. bob pisani explains >> the marke have a new fear, fomo or fear of missing out on the rally. the old fears haven't gone away, tariffs and china slowdowns, fed aggressiveness. as we got into the heart of earnings season, the markets have again resumed their upward drift. why is this happening? first and foremost, the fear that earldngs growth w go to zero in 2019 is largely abated.e earningsectations are lower, but most still are expecting gains in the mid-single digits rather than zero or negative

caterpillar. but it's down. boeinghelping the dow either right now either. boeing will report later this week this is going to be tough to come back from this. >> even a company that reported great companies last week, united rentals, is feeling pressure from caterpillar this morning. just tells you the concern around the whole sector even for companies that have given an outlook, given earnings, and have delivered >> i think also the context. right? the market was basically flat last week from a level where people said, well, makes sense to have a bit of a pullback here yes in those sectors, the kind of industrial area will see some damage at least in the morning >>> coming up, shutdown showdown just three weeks for a deal and the president saying another shutdown is certainly an option. if you were flying on friday, you felt the effects at the airport. thepresident of the national air traffic controllers association joining us after the break. and then john taylor joins us. "squawk box" will be right back. my experie

names with exposure to china fears out of the china region weighing on stocks apple, boeing, caterpillare deere, micron. they could be some of the movers in this morning's trade. that's why we're seeing those sharply lower markets this morning. the dow pointing to a 350-point drop at the opening bell if these losses hold into the opening bell >>> apple's move sending shockwaves through the currency market the japanese yen surging on the back of that apple bombshell let's bring in tim seymour from seymour asset management and a "fast money" trader. the moves in dollar/yen and australian dollar versus the yen and turkish lira versus the yen, they have caught a lot of traders by surprise. tell us what happened. >> good morning. i think the bottom line is you do see currency markets start to enter the fray here. clearly dollar/yen is a sign where you see the yen strengthen against the dollar it's a risk-off trade. we had these flash crash type dynamics 3.5% move in any of the major crosses is an extraordinary move beyond a standard deviation event. when you get this move, it tells you that t

boeing and caterpillar and deer.of companies have exposures to china and you will see that it is under performing, the s&p 500 and as well as the last year by a wide margin that shows you how investors are positioning themselves dissecting the losses and early trade today, technology is among the biggest losers and led by faang related stocks, netflix and and facebook yields are taking lower as you guys are pointed out and gold is up by around $5. utilities ended higher but actually lower by 1% >> entering this year with a sense of cautious. >> seema mody, thank you let's head to rick santelli right now, good morning, happy new year >> good morning and happy new year beginning of the year is always interesting for markets. if you look at a year to date starting at the end of last year, of two years note yield, there is something i want to point out. the lowest price, the lowest yield of the year and all maturity of 2018 established on the first trading day of the year never a challenge. even though the back half is r

. >> so you have to wonder whether we're going to see similar guidance from boeing, from caterpillar.e going to see this trickle down to the companies that i cover in macau with gaming eventually but my big question here is, is this the end of the damage because, remember, there's a ban that will go into place on some of these older iphone 6s in china. there's a ban coming in germany as well on variations of the 7, the 8 and the x. could we see more iphone collateral here? >> there's an injunction in germany, part of the dispute with qualcomm and they're litigating that in china as well and apple says it doesn't appear to have pressured them there but do the companies you cover such as nike, apple is operating at a much higher price point and conceivebly a more competitive market where there are alternatives that are lower priced than nike. >> which we're getting a completely different message out of a company like nike which is consume yediscretionary. two weeks ago nike had earnings 12/20, 26% revenue growth in china. the cfo said this, the u.s./china trade fight, we have not seen a

it is good for 29 of the 30 are higher lead by intell, caterpillar and boeing which have been beaten up. a lot of reversal. >> the dow has only got 24 points more than it lost yesterday. we'll see -- >> keeping it in perspective >> council of economic advisers joining us live to discuss today's jobs number anthe d fed and trade with china stick around we'll be right back. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call today to request yours. so what makes an aarp medicare supplement plan unique? well, these are the only medicare supplement plans endorsed by aarp and that's because they meet aarp's high standards of quality and service. you're also getting the great features that any medicare supplement

so you had caterpillar, really all the industrials really weighing on the dow. between boeing and caterpillar, essentially at one point, that was worth about half of the points down on the dow. you also heard from nvidia. that really affected sentiment for tech stocks. the company essentially saying the same thing caterpillar said. earnings was disappointing, guidance was disappointing. the main reason weakness from asia pac. and china. you had a lot of weight on the technology shares at one point as well. caterpillar, 3m. unh was half of the dow's losses. huge earnings week. 25% of the s&p 500 companies will be posting a big day tomorrow for apple and tech. back to you guys in the studio. melissa: deirdre, thank you. thank you. deal or no deal, u.s. markets reacting to u.s.-china high level trade negotiations. the pressure piling up on both sides to cut a deal before the march deadline when tariffs could hit 25%. edward lawrence has been following the story very closely. edward, what's the latest on this? reporter: wednesday will be a very big day. the chinese vice premier is

caterpillar up 2.1%. boeing higher up 2.1%.s reliant on trade for their revenues, for their earnings, are doing better at this moment. it had been a super slow day. in case you're turning in, u.s. officials debating ratcheting back tariffs on chinese imports this would be a 180-degree turn for the u.s. government and the negotiations with china over trade which has been a ceiling, hamstringing the markets here. one things people see as a negative for stocks going forward. but as you can see right now, these stocks doing much better. you see some of these chip-makers going up. you see the dow up now, 235 points. s&p 500 sup 1% or 27 points. so big news there. i will send it back to you. charles: thank you very much, gerri. that is big, big news, folks. looking at semiconductor index. that is up 1.6%. we brought back to discuss this. jonas pharis and jeff saut. we started to show what could catapult us up over huge technical resistance point. certainly this were to happen this would be the ultimate catapult, wouldn't it? >> yes.

boeing. caterpillar they do a lot of business in china hurting which are hurting and they're also very politically connected they're big businesses they employ a lot of people so they can raise alarms as well so this goes way beyond soybeans and intellectual property right for sure i mean this gets into a larger narrative of as you said china's emergence as a real economic threat to the traditional west which is something that's not just hitting the u.s. but also the e.u. the problem is with these tariffs the u.s. has really isolated itself and again what we see with the chinese economy is what's really been sort of a superficial or maybe sort of a one sided. plan around exports and now it's being it's paying for it it's a thank you very much for coming in. of fuel theft is a major economic problem in mexico along with violent criminal gangs the country's new president under face manuel lopez obrador has vowed to solve the problem but his first step in fighting back is creating a whole new mess for his country. long lines that fuel stations drivers waiting patiently but without much hope most gas

also we saw a lot of china trade plays, boeing, caterpillar, 3m caught up in this as well., intel another component, contributor to apple. liz: you know what? apple wiped out with three minutes left to go, $75 billion out of the market today. whoo! >> warren buffett lost $4 billion on apple and on the airlines. liz: knowing warren buffett he has no problem with what is happening with the thin buying. ge, guys, up six pennies. of all the stocks ge is up. thanks, susan. apple story warning about the sales and blaming situation in china and china slowdown. one of our next guests is bullish on al pell. joining us todd horowitz, host of the bubba show, along with him cra investment strategist mr. sam stovall. todd, you like apple here. really? you don't think it is going any lower? >> hi, liz, how are you? it could go lower. at a point in time you step into the market say it is okay f it goes lower, it goes lower. i'm not going to be concerned because i think i'm getting a value play here for the long term. if you're investing, that is one of the big things we all make mistakes,

boeing and caterpillar were stand out. china and the u.s. believe they are making enough progress in trade talks. the clock is ticking to find agreement between march 1st when higher american tariffs kick in and escalate the trade war. the transfer of intellectual property can be improved between the 2 nations. this is the biggest sticking point in the american business community. the president showed an optimistic tone tweeting this out earlier. talks with china are going very well. one wild card element. north korea leader kim jong-un arrived in china. china said the events were not connected but china is complicate the administration's pursuit of reducing north korea's nuclear weapons. back to you. >> bret: thanks. up next a strong rebuke from t's president to u.s. demand for the safety of a key ally in the middle east. across the country, fox 4 in dallas, a former police officer accused of killing a neighbor in what she said was an accident is in a court proceeding. she said she fired on the man after mistakeingly entering his apartment.

is still selling well in china, nike, pbh, update in tapestry who is not selling well and boeing and caterpillarng those. boeing stock has been a rocket, coming off today, maybe it was just ran up in anticipation that we knew there would be a higher level talks and now we're getting them and people are saying, all right, that's what we said would happen and there is profit taking in the groups. >> one name not profit taking is gm, shares up over 8%, bob phil lebeau brought us that news at the top of the hour what else is moving? >> 3 to 1 declining to advancing stocks running out of steam, but an extraordinary run in the last ten or 11 sessions the sectors that are moving, consumers staples, they're leading, defensive has not been a big mover in this rally that we have seen and when they look down, that's a sign of the defensive nature of it. banks not doing anything energy that had quite a run as well if you look at what we have been doing here, want to remind everyone, we have been up nine out of 11 days best start for many, many years, volume is trending lighter as we get further into january

some stocks, one, boeing and caterpillar, they're moving higher.y move higher when we bring up trade related conversations. you have caterpillar and earnings from netflix. strong, too. people are worried about slowing growth and the fact that the company keeps burning cash. shep? >> shepard: kristina, thanks. kristina partsinevelos with us. one of the busiest ports in the u.s. is seeing increasing traffic as trade talks with china continue. hillary vaughn is live with more. >> what you're seeing behind me, the rows and rows of containers lined up. this is not normal. the director of the port of los angeles says there's a backlog of shipping containers because u.s. companies are trying to beat the clock before higher tariffs are enforced in this back and forth between beijing and washington over trade. retailers are rushing to bring in as many imports as they can from overseas. the port says they just wrapped a record year in 2018 for shipments in and out of their port. they moved more cargo in 2018 than they have in the entire century. 9.4 million

the dow positions, the ones that trade can china it's boeing, caterpill caterpillar, dow due ponlt isr, china's ministry of agriculture has approved imports of genetically modified crops. a final deal, though, on trade a long ways off, what we're hearing. trump saying this morning, talks to china are going well. i want to talk about a sector that is doing great things this afternoon, steel. the president has said he's going to change the wall from a concrete wall to a steel wall. nobody wants to be short in steel stocks this afternoon as we go into a big speech by the president tonight. back you to. >> shepard: gerri willis fox business, thank you. a couple of americans reportedly caught fighting for the islamic state in syria. americans. coming up, how officials say these two and the terror group that recruited one of them. billions of mouths. billions of problems. dry mouth? parched mouth? cotton mouth? there's a therabreath for you. therabreath oral rinse and lozenges. help relieve dry mouth using natural enzymes to soothe and moisturize. so you can... breathe easy, there's therabr

we talk about companies like boeing and caterpillar. tiffany, nike.se are big consumer names we all know very well. they have a real world impact when business in china slows down. we'll watch to see if that happens in a moore exacerbated fashion. remember, yesterday, we opened down a lot. this market is trying to shake off the end of year negativity we saw. tim cook is a ceo at apple. thats ha ts the president's ear. when he tells president trump his wibusiness is making billio less because of trade policy and softening economic conditions in ch china. you got to wonder whether trump will listen to the ceos. >> good to see you both. thank you. >>> a new wave of democrats will be sworn into the house just a few hours from now. unlike past freshman classes, they're going to make sure their voices are heard immediately. >>> today marks the democrat's first day taking charge of the house. and while there's a united front on the shutdown, you'll see a little bit of division later today because at least two progressives, congresswoman elect cortez and cong

of the industrials turning around the poster children of the so-called trade war like a caterpillar as well as boeingut apple specifically cited china one reason why it preannounced its results and that stock is sharply higher up by 1.3 higher andrew sorkin the smartphone history and the downturn in that region. so much of the business is focused. so we are seeing the philadelphia semiconductor index to pop to a session high of 1.5% a cyclical area of the economy and the markets getting a nice lift on the back of this >> one thing to watch. january 30 raised the possibility of offering to eliminate during the january 30 meeting the trade envoy lou while we were talking about xi and lou, heading here a couple of weeks to go but this is the date to watch now, that this is being priced into the market and more pressure on seeing some kind of outcome there. >> any movement in the agricultural stocks at all or the commodities that we know of? i wonder because they had been subject to some of the tariffs and it would be interesting to see that >> up about 2.3% >> john deere. >> the caterpillar >> even home

apple, boeing, 3m, caterpillar all reporting earnings next week. this could portend good things. keep in mind u.s.-china trade talks are the agenda. these companies rely on china for a good portion of their earnings. an important point i want to make, the brady 23, that index of trade stocks we've been tracking they are almost all higher this week ahead of those trade talks. you want to keep an eye on that going forward. guys, back to you. susan: gerri, have a great weekend. connell: it is a light at the end of that tunnel. president trump announced a short time ago he reached what he characterized as a deal with the democrats to reopen the shutdown. the plan does not include funding for the border wall. the president backed down. blake burman at white house. reporter: pretty good summation there. the day 35 the democrat agreed to demands of democrats. the president will sign a stopgap spending measure, three weeks, opening up the government. the hill will take up the votes shortly later in the evening. however that legislation will not include any money whatsoever for a new bord

and trade stock of boeing and caterpillar and apple closed higher.ident trump thinks the economic slowdown in china gives the u.s. an edge in trade negotiations but former treasury secretary larry summers told christiane amanpour, he disagrees. >> president vastly overstates the comfort of our own economic position to look at consensus economic forecasts. people are now saying there's a 40% or 50% chance of recession within the next two years. that's the right reading of what financial markets are saying. so, our position isn't so strong. >> markets around the world are higher. asian markets all closed up. stocks in europe opened higher. u.s. futures opening higher as well. investors at least this morning are optimistic on the trade funds. >> multigrammy-winning singer r. kelly should be facing a criminal investigation in atlanta. after a documentary series that detailed allegations of more than two decades of abuse and pedophilia. an attorney for the family of joycelyn savage, one of the women featured in "surviving r. kelly," says they're investiga

caterpillar up 5%. deere, boeing, corning, everybody making major gains at this hour. >>> discussing the bruising apple took yesterday for cutting its revenue forecast and blaming china's slowing economy, we had questioned, remember this yesterday, whether ceo tim cook knew exactly what he was doing by warning. i asked our tech experts whether confessions from massive companies like apple, where they actually pinpointed china's sluggish growth have enough power, does apple have enough power to force the u.s. and china to come to terms on a trade deal? this morning on "varney" national economic council director larry kudlow hinted at the power the private sector really has. >> any ceo can help us. talk to the chinese leadership, for example. talk to the locals. talk to the state people. talk to the top councils. talk to president xi. liz: so should tim cook start being part of the negotiating contingent there? we have to ask this question, was apple's warning a seminal moment in this trade war between the u.s. and chi

sales of american-made products, whether it's iphones -- i mean, products, whether it's boeing airplanes, caterpillarerything else, locomotives and even services will slow down. that will hurt the u.s. economy. our economies are very much interdependent. clearly a few points are of priority to the administration and to the u.s. business community in these rounds. more access to the markets. so many sectors of the chinese economy are off-limits to u.s. and foreign investment, whether it's in financial services, transportation, natural resources, and so forth. and we need to open those up. and in many other areas where investment is allowed, the u.s. or foreign company cannot own more than 50%. therefore you have to have a chinese partner. and when you have to have a chinese partner, you share your technology. that's why the force of technology transfer comes in. if the chinese government will open up more markets and sectors to foreign investment and not require a chinese partner, that will address many of the issues. the other part is buying more american-made goods and services, from wheat and soybe

boeing, anding, 3m, caterpillar are responsible for a big portion of the dow's move today. all of these companies reporting earnings next week. the china-u.s. trade talks resume and all eyes are on that. liz: senator elizabeth warren is a possible 2020 presidential contender. she wants a wealth tax that is likely unconstitutional. also the debate on how senator warren wants to raise everybody else's taxes but is accused by a state newspaper in massachusetts, her home state, of inflating her tax deductions to lower her tax bill. we have video of american workers leaving and fleeing the embassy in caracas. don't go away. stay there. great news, liberty mutual customizes- uh uh - i deliver the news around here. ♪ sources say liberty mutual customizes your car insurance, so you only pay for what you need. over to you, logo. ♪ liberty. liberty. liberty. liberty. ♪ you hardly ever play catch with the grandkidsalk? or show them how to give a good handshake anymore. now look at me... i'm all bent out of shape. (vo tv) if you have bent fingers and can't lay your hand flat, talk to y

for instance, we have companies more leveraged toward chinese business, say a boeing or a caterpillar, semiconductor stocks that have a lot of trade and policy projects in china. those stocks are going to be most impacted today. we're also going to be watching to see if some of the big winners from last year will be better today and what does that signal in the stock market. we have feds coming up, earnings coming up. thaelts t that's the reason the markets are a little skittish right now. >> thank you, guys, really appreciate it. happy new year. >> thank you. >>> president trump will meet at a retreat on the abuse crisis. the vatican apparently blocked them from taking action. >>> yet another new controversy for the catholic church over sex abuse. in a letter now obtained by nbc news, the vatican reportedly blocked u.s. bishops to take steps to address the church abuse scandal. the vatican denied proposals that were to be vote on in a november meeting, sparking criticism from abuse survivors and catholics. joining me now for more, nbc correspondent ann thompson. ann, you think it can

caterpillar along with visa, 3m and boeing are accounting for more than half of the dow's losses right now. for its part, we should look at caterpillar. i will pull it up. we do have cat down about -- nearly 9%. it makes heavy equipment, obviously. it missed on fourth quarter earnings and issued disappointing earnings per share guidance for 2019. yes, just like apple, it cited weaker asia pacific sales due to lower demand in china. let me get to nvidia. the graphic chip maker also sounding the alarm on china's impact. the stock is on pace for its worst day in two months. this is a real momentum stock. down 14.33% at the moment. nvidia sliced its fourth quarter estimates by half a billion dollars. this is on top of the reduced forecast it already gave back in november. that is bringing all of those chip sector names down. they are taking it on the chin right now. applied materials which is a chip equipment maker, down nearly a percent. intel lower by 1.33%. micron technology down 2%. let me quickly check advanced microdevices because it, too, yes, is getting hammered, down about 7%. >>>

take a look at stocks like boeing and caterpillar and 3m. if you look at boeing, 3m, apple that is making up 25% of of the dow jones gains today. if you're talking trade, 50 days or so left when the march 1st deadline when the trade truce expires. that trade issue also affecting technology. this brings us to that sector. apple saw the worst day yesterday in six year. today it is up nicely. the stock is up almost 4%. it is gaining back some of that market cap. first company to hit a trillion dollars. it is behind microsoft, amazon, behind google. nonetheless great day for apple and big tech names we like to watch. neil? neil: you know what is interesting? over the last month or so, lauren, you think about it you reported early in the morning as well. >> yeah. neil: this idea we'll have these huge swings, hundreds of points, 1000 points or more and getting routine. how are traders adjusting to that? >> status quo. getting used to it. volatile will be the theme at the end of 2018. maybe react to it a little bit more on the downside but it happen

boeing, caterpillar, united technologies all doing better. dupont doing really well on news chinese ministry of agriculture approved imports of genetically modified crops. they urge more u.s. firms to sell biotech seeds to china, including corn, and soybeans. chinese purchases of u.s. goods and services, opening china markets further. initial reports say a final deal, it ain't done yet, it is still aways off. even so president trump tweeting morning early, talks with china going very well. china negotiators expected to release a statement about the negotiations after the round is complete. neil, 45 seconds, international relations trade deal, market, how about that? back to you. neil: you covered a lot of ground there. thank you very much, gerri willis. >>> carl icahn, probably one of the more successful investors on the planet was telling me donald trump has to be given credit for slashing corporate tax rates. he is very worried about that being undone as we speak. take a listen. >> when you talk about corporate taxes, i think donald trump h

i love to hear more from the caterpillar and the boeings. >> consumer sentiment soft today and up one horizon. there goes the bell. 330 points higher. s&p up 1.3%. that does it for the first hour of the "closing bell." sara, back to you. >>> lots of buying there on the close. welcome, everyone, to the "closing bell. i'm sara eisen wilfred joining me in a moment with mike santoli. strong across the board. the dow gaining 1.5% more than 300 points there in the close. for the week, the dow is actually up more than everybody. up about 3%. s&p 500 closing out today up 1.4% everybody was up today than the utilities. the winner of the week the financials nasdaq higher by 1%. good for a gain of little more than 2.5% for the week and russell 2000 up 1% it still is down the most off the recent highs and repairing here over the last few weeks of gains for the major averages her's the stories for investors. sources saying china is offering to increase imports by $1 trillion over 6 years to ease trade tensions tesla shares tanking after ceo musk announced job cuts saying the company faces a diffi

dupont, caterpillar, johnson & johnson, boeing, to an extent american express, ibm, microsoft, they're all the ones feeling the pressure right now. possibilities of a trade deal that widely ballyhooeded might be imperilled with huawei back and forth keeping representatives of that phone concern, that telecom giant in the united states for questioning. there is not just one but possibly others involved. we should say what is rattling these guys is a slowdown. black and decker is plunging, leading to gloomier outlook. warning a downturn is not over yet. weakening number, china confirming what j&j forecast, things will slow down a bit, not recessionary, not super serious, not the rate we've been going. let's get the read from gartman letter and publisher, dennis gartman. "usa today" congressional reporter eliza collins and reporter joe durand. joe, your sense about slowdown fears that seem to be building, complicated by a trade deal that could be unraveling. what do you think? >> i think it is quite likely that what we're battling right now, closing at 1 1/2% current gdp growth or 3%. any

action, it was tech stocks that really felt it almost the hardest along with the likes of a boeing and a caterpillar, we did see apple and semi conductors really they had the most exposure to this headline risk. >> they definitely took it on the chin things like alphabet, there was the article about amazon's presence and advertising leader which seemed to have more of an effect on alphabet than facebook amazon also terrible today that's a big move. it's come back a lot but it's still down from its peak the netflix valuation and amazon valuation are very different than the alphabet and facebook valuation. >> you're not talking about china exposure there for apple you can make the connection for semis, you can make the connection but this is a market that's taking everything down. >> but the market has made that connection so this was at least the some bit of a silver lining going into these earnings, anything cyclical had heavily priced this in i will say part of the good news in that 13% run for the markets was that hypercyclical banks told you they were in very good shape and they should be trading

just take a look at what happened with the likes of a caterpillar, the likes of a boeing today. the multinationals that got dragged down on the heels of apple and the heels of that news. >> neil: sell first, ask questions later. >> exactly. >> neil: thanks very much. we no what has happened to apple, a 40% slide off of the top levels. it's no long area trillion dollar company and we know that technology is shifting far and fast. we also know that a lot of other technology companies are following along. let's get a read on all of this with ryan payne of payne capital management. we have joe max max ferris and alicia levine awell. alicia, end it with you. is this overdone? or is there something to it? is china an indication of something bigger? >> the narrative last year is that the rest of the world was slowing while the u.s. was okay. the reason it's not overdone is that the data out this morning showed in fact that the u.s. is slowing as well. that's the big fear. that the u.s. is going to import weakness from the rest of the world. >> neil: you have to wonder if that is the ca

because what we are hearing from caterpillar about what's going are allina, it's peers down. also boeingother investor by proxy. vonnie: you've got to think steel prices have been hurting. >> geopolitical things like tariffs and trade will have an impact on caterpillar customers and that has an impact on them as well. chartanother charge -- that shows the impact in the revenue breakdown. he was down by higher manufacturing costs, also raw material costs and revenue growth across segments. still higher than the previous quarter. this is the chart we were looking at before. you can see that mirroring. vonnie: it is a beautiful chart. chart the inching ahead that shows the revenue. maybe we will get to show that as well. emma chandra with the stock of the hour which is caterpillar. guy: i think i'm going to have to think of something else in battle of the charts, that is going to be at. let's take a look at some of the biggest business stories in the news. tesco says the reorganization althoughect 9000 jobs, half of the people in those jobs could be redeployed. the job cuts could be higher.