with me is fiona cincotta, senior market analyst with the spread betting company, city index. you've been to your christmas

okay so years ago we built what we call the power city index, we track the 12 largest stocks from 35 s are equally weighted. okay it's fun, it's a very cnbc way to find out what companies in what cities are really rocking this is just kind of a fun exercise but why not let's count you down to who did the best, 12 top stocks equally weighted averaged out coming in at number three, los angeles bill griffith, the city of angels have been pretty heavenly for stock investors this year. the average return of its 12 biggest companies is 54% 25% more than the s&p 500. now, snapchat the really smart kid in the room helping raise that average it's had a gain of 181% this year but big gains by orange county based sky works and chipotle which moved to california from colorado probably the only person or company to do that actually helped as well next up, apparently the swamp is rising that's right metro area washington, d.c. comes in second in our power city indexes this year freddie mac, lydos holdings and just a few of the belt way brigade doing great. it is up 59% so far this year. now to numb

with me is fiona cincotta, who's a senior market analyst at city index. police are saying a criminaligation will have to get under way on white island. one of the things to think about here where there any signs that this was going to happen? the article that we have here... it says scientists knew that there was a rise in activity, so increased activity in the form of gas releases, boiling water, mud lasts, but this could also be standard characteristics of a volcano that level. it isn't necessarily a sign of eruption. it will involve a lot of investigation and the level of knowledge the tourists had as they were approaching the island or before booking. did they know this could happen? that is really key. also, who makes the call to say, "right, nobody is allowed to go to that island because it is actuallyjust too dangerous. " geo net, the organisation monitoring the situation, a few weeks ago they said there is an increase in activity and they increased it from a low level toa number they increased it from a low level to a number two in a 0—5, but when does it get to the point whe

with me is fiona cincotta, senior market analyst with the spread betting company, city index.o your christmas party, i've been to mine. let's start with the new york times. it looks at the 6—page letterfrom the new york times. it looks at the 6—page letter from donald trump to nancy pelosi, speaker of the house of representatives. the new york times looks at the six elements within this letter they found to be untrue or whatever. regardless of doubt, this is a huge moment, a historic moment. donald trump will be the third president to be impeached if it were to happen today, and it is expected to happen. that's right. and it's interesting because he's going into this fighting steel. when we look back historically... that is his style, isn't it? it is just historically... that is his style, isn't it? it isjust what historically... that is his style, isn't it? it is just what we would have expected from donald trump, com pletely have expected from donald trump, completely different to other presidents who have been impeached and had a more apologetic approach to the date. but, n

fiona cincotta, who's a senior market analyst at city index, joins me now. good morning.is experiencing, the fact it has frozen withdrawals has sparked, would we argue a knee—jerk reaction or is this a smart move on the part of investors? i think this is a knee—jerk reaction, a bit of a panic. if we look back to november 2016 just after the brexit referendum, there was a similar panic and fear in the markets and people are not going to get hold of their money, they will lose their money, the properties will sink so there is that panic and fear, and thenit there is that panic and fear, and then it becomes a self—fulfilling prophecy, really, that we might actually see a similar document and looking at m&g itself, within its property portfolio, it has quite a lot of retail property and that is where the issue is, that is where the weak point is. completely. it has a high concentration of retail commercial property exposure. which actually makes it particularly vulnerable at this time with obviously brexit, political uncertainties as well. this is combining together to make a

asking what is the best performing city for stocks coming up in "power lunch," we made these power city indexesrent cities. 12 big market cap companies. we'll reveal the results about 2:30 here's a hint from one of the top ones jazz flute and i'm kind of a really big deal. tune u in to "power lunch" for the big reveal 2:30 p.m. eastern time final trade straight ahead on the halftime report. (vo) the flock blindly falls into formation. flying south for the winter. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy. nature's bounty. itreat them all as if, they are hot and energized. stay away from any downed wire, call 911 and call pg&e right after so we can both respond out and keep the public safe. i love home workouts and the ability to work out at my own

personal income and spending, subtle improvement in the final read on university of michigan kansas city fed index only fly in the ointment, minus eight. happened to be the sixth negative number in a row i know that manufacturing signals may be severely crimped due to what's going on in global trade. nonetheless, thought it was worth a mention. interest rates are hovering close to ten basis points. and next week supply, going to year end, markets get thin supply in december, twos, fives, selfe sevens, pay attention to it is christmas month, holiday month. holiday cheer. yet for equity traders, a bit of witches and warlocks i don't want to step on the toes of our great coverage in equities, but could be a biggie, and not only talking about the notion of futures and options expiring when all of the indexes are around all-time highs, think of when you parrot off with a large rebalancing. when equities go up a lot, rebalancing means you have to account for the profits and change your position back to the original metrics that's going to mean losing stock for sure as i talk around large institutions li

fiona cincotta is a market analyst at city index.the night to monitor the pound. it is too tight to call. another big story, the post office, it is set to pay almost 58 million to settle this dispute with some staff. how big a blow is this for the post office, both in terms of reputation and also financially. comely. this is a huge payment they are paying out here, but it is drawing a line under this, a case that has been going on for to a long time. the legal costs were mounts, so time. the legal costs were mounts, so to be able to draw a line under it and to be able to move forward is important here. as far as the people who have been accused or surfed as a result of this, it is important for them to be able to move forward too, so, the fact that we are able to get that line in the sand, will be good for the post office going forward. 0k, for the post office going forward. ok, we will have to leave it there. good to talk 20 you. a quick look at the markets. this is how the ftse100 is looking. it deabandon and went into positive ter

city in the world. school sports lessons now take place indoors. when the air quality index a.q.i.m. is poor older students feel responsible for the younger children safety. when being your eyes very high and it started by isabel then the children in their p.c. lesson then any time come down to your ground floor in place of going out we play our games there are also more during this time we're not advised to step out of the school building all the gates and the windows are shut we're told to stay inside where everybody fires up as internet. the school is installed purifiers and all the rooms to protect against pollutants and maintain the right oxygen level indoors so class can go on as normal. in school i feel generally happy because you know there's i don't sneeze all the time and i'm not coughing i don't have a headache i feel like i'm ready comfortable here and i don't get tired very fast. this google folded activist and entrepreneur jag before installing the profiles. after his lungs collapsed a few years ago group does started a company called nirvana being that sells pollution

city in the world. school sports lessons now take place indoors. when the air quality index. is poor all the students' sponsible for the younger children safety. when you are very high and it started by then the children and their p. left and then come down to the ground floor in place of going out we play our games there are also more during this time where not advised to step out. out of the school building all the gates and the windows are shut we're told to stay inside when apiata fires up as underneath. this school is installed purifiers and all the rooms to protect against pollutants and maintain the dried oxygen level indoors so class can go on as normal. to school i feel too early happy because you know there's i don't sneeze all the damage i'm not coughing i don't have a head bit i feel like i'm very comfortable here and i don't get tired very fast. this google folded activist an entrepreneur. before installing the purifiers. after his lungs collapsed a few years ago group does started a company called nirvana being that sells pollution masks and there purifiers as a

smoke continuing to smother the city, setting off fire alarms in the city and suspending very services. we are seeing the air quality indexled by the new south wales state environment department reach as high as 2500 52 in some of the eastern suburbs of sydney. that is way past the hazardous threshold of 200. it has set off smoke alarms in office buildings are crossed -- buildings across the city. of 1%. 200 down a 10th let's get the first word headlines with su keenan. su: we are going to start with the latest. we will begin with russia and ukraine who say they are committed to a cease-fire by the end of the year after talks with paris. the conflict in eastern ukraine has claimed at least 14,000 lives with russia annexing crimea. the meeting between the leaders of russia, ukraine, france, and germany also secured agreement on a full prisoner exchange by the end of the year. rose the mostts in more than a year on a higher demand from china. highlights the status as a crucial chip supplier in the rollout of 5g. shipments climb to 3.3% last month. sinces the fastest pace october of last year. economists had been expecting a

index are apple which is the biggest. up 5 -- it represents 5 .2%. it is more than citijpmorgan,back jpmorgan, bank of america, walmart, and another combined in the top of that index so it's apple and ship stocks that have had these dramatic moves. now apple has moved into growth. it's no longer in value. if you -- >> you think it's portfolio shifting going on? some of the biggest stock moves up everybody has to buy or index is up -- have to adjust >> i think the move apple had this year, 80% has been so dramatic it's really hard to shift positioning that fast if you're a portfolio manager on the other side of the trade. i worry that, again, it's owned. it's widely owned in. >> too owned >> maybe >> well -- >> hard to get it going another 80 % >> with 5g coming, i talked about it with the focus and apple is not at consumer electrics show because they don't need to be they do their own shows but nonetheless, 5g is why everybody if they are getting hahead of themselves, that's why when that comes out in september, that's lights out for apple. totally lights out >> you've b

home prices in 20 cities rose at the best base in five months in october. case schillerogic indexty values advanced 2.2% in the past year. lower mortgage rates and a strong market have helped consumers remain upbeat. recreational sales of marijuana inome legal tomorrow illinois. investment firm compass point says that is likely to be the pot industry's biggest catalyst of the year. illinois become the 11 state to make recreational use of cannabis legal. two companies will benefit the most, cresco labs and green thumb industries. that is a look at your business flash update. netflix made more films than any other studio, releasing nearly 60 films, tripling many of hollywood's biggest studios. for more on the ship from built for television to more, we welcome our guest. >> thank you for having me. it was a big year for netflix. they have come into their own as a studio this year. this is a companies whose original programming was mostly built on television, that they had a big hire with this guy who was previously the vice-chairman at universal. he brought a huge rolodex, so you are

cities. that's where we saw the shanghai property index jump more than 3%.dustrial profit. rising.in november industrial company profits rose 5.4% year-over-year. significant jump after october saw a record drop in industrial profit by 9.9% following september's 5.3% decrease. there we are seeing some profitability. we are still seeing factory deflation, but this reflects that. a moderation in terms of deflation. bloomberg economics expects the downward pressure on profits to continue as a result of weak domestic demand. i want to look at the china 10 year yield. we have seen government bonds rally for several consecutive sessions as we have traders hoping for more monetary easing. talk aboutpremier more signal for reserve ratio cuts. liquidity moves for several consecutive days. one quick look at the offshore yen, coming in slightly stronger, a touch stronger-than-expected for three consecutive days. strength as we have seen more movement, in terms of where the u.s.-china phase one negotiations will go. china reiterated they are in close talks with the u.s.

city. this summer has been phenomenal for the hang seng index. what are we expecting for 2020?hery, i would say that for the hong kong equities, what we are seeing for hong kong, at thet the expectations of phase i trade deal, i think the performances are january. think we have seen the case continuing domestic issues evidently coming through. a bit of an item affecting the hong kong index. -- the rest of the asia region. kong is expected to benefit pairwise. ise compared to the other regions paired certainly want to watch. i think in terms of the asia region itself, with the u.s.-china settling on this issue itself, i think we will see things improve from here. seeing borrowing costs jumping in hong kong. the dtv chart and the bloomberg showing the one month high again above the one-month library. this is of course propelling the hong kong dollar. the best month since 2003. the concerns we mentioned. jingyi: i do think that for the hong kong dollar at least, we see it. it helped us out the fact that the u.s. dollar softened slightly to the end of the year. i see movement to th

city in los angeles looks like q.e. is more likely to help the financial markets than the real economy germany's benchmark index deck's hit almost a fresh all time high this week shy just 200 points or record despite another profit warning from henkel as e.c.b. balance sheet hit fresh record this week at 4.7 trillion euros so the real economy in germany which is a manufacturing powerhouse which is an industrial powerhouse and you know very huge creditor nation their economy in the real economy is definitely slowing but their markets keep on a tear they just keep soaring and it just matches exactly the money printing from the e.c.b. and money printing from the fed well this is profitless prosperity right there you don't need companies don't need to show a profit for the stock price to go higher. and so they're taking full advantage of that they are simply allowing the environment of a higher stock price which of course means higher options prize which of course means higher compensation packages for executives which of course means a greater transference of wealth to the upper 110th the one percent to continue unabated why

city of london. let's look at how the european markets are opening. look at the bloomberg dollar index.lar has been weaker against major peers. that day of declines on dollar. here we are seeing all of red. the german dax today will be closing a little bit early. let's look at what is going on today. health care firmly in the red. we are seeing a lot more red than green on the screen. i am wondering if oil and gas stocks will get a lift. commodities are on a tear. very much a risk off day today. what do you see for individual movers? matt: we see more down than up. 191 gainers. i am not sure if this is in prep for new year's eve. those two companies will probably be selling a lot of their product. this looks like we are getting luxury. and consumer staples are rising. on the downside, you see drugmakers and oil producers. european markets in general are opening up lower. it is great to have you with us. we appreciate you spending the time. what do you think about the year that was in the unit we can expect in 2020? change frommajor 2018. avoidg challenge was to losing money. year of ver

cities rose more than forecasted from a year earlier. this according to s&p core logic case schiller indexy values. yale university professor robert shiller spoke with bloomberg about these numbers and the larger economy. shiller: we are not in a boom period in terms of prices in real estate, by any means. it is not driving like before the last recession. that enthusiasm suddenly turned. i prefer having the stable level of modest enthusiasm we have now. whether we will have a recession is a big if. according to my new book, "the narrative economics," it depends on how the narratives change and how our ideas change. that is hard to predict. scarlet: right now, what is the single most significant economic narrative out there that has you concerned? prof. shiller: there are a lot of them out there. if you ask for the single most prominent, that would have to be the impeachment hearings, the instability we see by the polarization in politics does diminish business somewhat. it has not affected us that much. it is like we are preoccupied with the impeachment hearings and are postponing importan

. >> a carson city teen regained the full use of his hand, but it came at the expense of another one of his body parts. doctors detached aiden atkins' indexd it to recreate a thumb. aiden says he wasn't able to use the thumb he sawed off, all because he couldn't find it. he lost his thumb trying to make his girlfriend an invitation to prom. aiden says the accident happened so fast, that he didn't have time to react. he says he's thankful it wasn't much worse. >> god has a plan for everything. he-- he does it for a reason. there's a story for everybody, and i believe that this is my story. >> trevor: wow. yo, man, kudos to that guy. that is an amazing story. like, i'm glad the doctors were able to give him his hand back and i'm genuinely impressed by his great attitude. he had to replace his thumb with a toe but he's still like, "life goes on. i get a pimple on my forehead and i'm like, "i'm gonna die! don't look at me." ( laughter ) and, guys, you have to admit, science is amazing, because i didn't know doctors could put your toe on your hand and it would work as a finger. because that basically means that our toes are replacement fingers

city. people should be preparing for the holidays not for another fire outbreak that they're contending with. the air quality indexbefore it gets better. look at the forecast as we head into tuesday. that is because a cold front is approaching. that means a spike in the winds. a spike in the temperature. and a lowering of the relative humidity so it's a recipe for disaster, before that cold front comes through. ultimately helping the conditions by wednesday. tuesday is our target day. look at the fires that spread along south wales and into queensland. this is definitely depleting or at least running thin the resources there. some of the latest imagery from nasa shows the plume of smoke, the aerosols coming from across the planet being picked up some south america. and if you want proof of that, check out this photo. it's actually daunting as you look at it. this is is a glacier, off the coast of australia. some of the ash has been deposited on the glacier here in new zealand. it's actually changed the color of the glacier to this red tint. not good, right? we don't like to see that. that cold front we mentioned a

developments there cities in france set back by the second day of the public transport strike up to 800,000 people are on the streets demonstrating. hasn't really affected the index but something to watch out for ftse mib in italy up after a good start to the day. we are seeing weakness of the dollar we had been closer to 1.10 but with the weakness, we've seen a rebound with the euro. what is happening here is more of a function of the green back. dollar yen, we are seeing about 0.10 percentage point. cable, we have trading likely weaker today still 1.3120 we've moved a lot in the last couple of days all eyes will be on those polling into december 12 general election tories still had the majority. the question is whether they can hold on. big questions to be answered in the next week or so. trading slightly weaker compared to the dollar. bare in mind, we have the ecb meetings as well >> we have a big day-to-day coming up. expectations are about 187,000 on print and 3% when it comes to average hourly earnings year on year investors will be watching closely. in terms of futures, all three indices looking like they are opening in the green dow up about 70 points and

city. and guess what, folks? it's going to get worse before it gets better. look at the forecast as we head into monday and tuesday. very unhealthy air quality index expected. a satellite image of new south wales into queensland. this is stretching resources to its thinnest. and you can imagine the firefighters, as natalie as so promptly said, are exhausted. and the ashes and the plumes from these smokes, the bush fires, can continue to get pushed into the atmosphere and it moves across the pacific ocean. it has been detected in south america and it's also been responsible for changing colors of the glaciers in new zealand. this is actually ash and soot from the fires that have flared up across eastern sections of australia. incredible to see what's going on here. a quick update on the weather forecast going forward. i talked about the conditions getting worse before they get better. that is because a cold front is approaching and that is going to allow for a spike in our temperatures, a drop in the humidity before the cold front passes and the winds will increase, as well. there it is by tuesday. that's the day we're targeting for the worst and most extrem

city since antigovernment protests erected two months ago ahead of talks to name a new prime minister. previous negotiations fell apart. saudi aramco shares advanced again last -- yesterday ahead of the inclusion of major international equity indexes this week. the world's most valuable company gained almost 17% since its debut in riyadh. global news 24 hours a day on air and on quick tech by a bloomberg, 2700ed by more than journalists and analysts in more than 120 countries. this is bloomberg. tracy: china's economy showed start #'s of stabilizing and regaining growth, adding to the good news for the nation's outlook after phase one was reached last week. of yuan advanced on the back the deal and strong industrial output. u.s. trade representative robert lighthizer says there's no date yet for phase two talks. >> we don't have a date. we have to get this, the final translation, the formalities, and the agreement. i will tell you this. the second phase two will be determined how we implement phase one. phase one will be implemented right down to the detail. it is a remarkable agreement but it will not solve all the problems. let's get more with our china correspondent tom mackenzie. let's start out with the ego data. industrial o

cities in the united states. san francisco is the poster child for unaffordable homes. the white line is the -- the price indexe. that is san francisco in blue. people cannot afford housing. if you are at the lower levels, you are priced out. yellow, new york, still below the national average. if you want to house you can afford, go to cleveland. it is relatively affordable. the problem is all of the jobs seem to be on the coast. alix: i did not really want to go to cleveland, but thanks for that. on the housing market, sanjiv das joins us now. still with me as catherine mann of citigroup and emily roland. the second start michael was talking about, that is something you help with. sanjiv: that is true. affordability has been an issue. the way we help on affordability is we allow people to borrow more than what they normally would in traditional debt to income ratios. we find the performance of that has been pretty good. mike's point around affordability being an issue in general across the country is absolutely correct. i would like to highlight that in certain cities affordability is still very good and we a