we basically agree with what baird is saying.likely to get worse before it gets better we had something new we wanted to buy, american express we repurposed the proceeds and bought american express. we thought we would have more upside there wells at 13 times, american express about 14 times we thought that american express had significantly more growth, 10% earnings growth for two years. no management issues, no regulatory issues, no litigation issues, no trust issues. we thought that was a better investment. >> why is this wrong >> better usage of money why is it wrong? it's consistent with calls for everyone else that don't believe he will be to navigate a turnaround. >> no, no, no. they like him. they believe -- >> they believe in him. >> they believe he will do a turnaround they believe it will take longer than people think. >> a lot of the calls are suggesting that the personality is an excellent one, but he has not defined what the strategy is going to be. a month ago, we had that debate. i suggested that the cfo go to gol

singing the praises of america 1st now sitting in the audience was a teenage girl named gratitude baird an hour later she scolded the world's business and political elites for not doing enough to stop climate change and for acting as if the climate is just part of partisan politics it's time to panic she said our house is on fire leaving behind the heat of impeachment trials few could blame donald trump for seeking out some medicinal alpine. the us president was in divorce to address the global and but in this election year his message was meant for households across the u.s. . america's thriving america is flourishing and yes america is winning again like never before with just days after reaching a breakthrough with china trump sees this teach to bang the drum for his america 1st approach and these agreements represent a new model of trade for the 21st century agreements that are fair reciprocal and prioritize the needs of workers and families but as well as business this year's conference was supposed to deal with the growing plummet crisis with activists like gretta to embark summon

for howard baird the southern district of new york. demings of n val florida. congresswoman val demings is a of the house select committee on intelligence and the house judiciary committee. mrs. demings, serving her second term in congress. mrs. demings s, served as orlando police department for 27 years, part of that time as first woman police orlando. congressman jason crow of colorado is a member of the armed services committee. mr. crow serves our country army ranger in iraq and afghanistan. efore coming -- running for congress, mr. crow was a espected litigator in private practice in colorado. ongresswoman sylvia garcia of texas. congresswoman sylvia garcia is a member of the house judiciary committee. garcia ongress, ms. was -- served in texas state senate previously. director and presiding judge of the houston electedl system and was city comptroller. as garcia was later elected first hispanic and first woman to be elected in her own right o the harris county commissioner's court. these can see from descriptions, the emphasis is on litigators. emphasis i

in canada outside buckingham palace and the reaction to the bombshell news has been mixed i applaud baird for taking a step back from the media because of him there in the media so much so if they want to live a private. little problem but maybe they are going at different property outfit. but it has a large opinion of it is completely irresponsible you think so yeah they're part of rule stablish me and they should be a nice cordingley. it may be that such high expectations have brought about this rupture but that and we're at leeds next only harry and meghan know. joining me now is duncan lacan he's the former royal editor of the sun and has written a book on prince harry called the inside story welcome duncan were you surprised by this announcement. i must be honest i have to look at the flow yesterday yes it was we've always known that prince harry is a reluctant britons he's talked about the packages being or gold is actually doing . but i don't think any one of those suspected that he would simply throw in the towel on this and it seems that's how the american did not even consult an

baird downgraded wells fargo baird maintaining it's $50 price target >> loop capital say contentioussidential election could place a damper on retail sales and political ad spend will to be higher marketing cost for retailers. s&p retail sector higher by a percent. >>> and canaccord genuity raised their price target on tesla. ed dorsheimer joins us at 4:00 p.m. it tells you more about the market sentiment >> it's a great barometer of risk sentiment on the part of the investment community when tesla rallies the risk is on and people are willing to buy the higher beta stocks once competitors come in and release their models and their alternative vehicles, it's going to be bedtime for tesla. they have such a head start on everybody that, you know, i think people are under estimating the company not a stock we own continues to doubt the nay sayers >> the other thing i was going to pick up on the downgrade of wells fargo, josh brown picked up on the point, what incentive does the new ceo have to set really aggressive high targets he doesn't have one when he comes out to give his first big

retired airline pilot alvin baird teaches the john who works in the laundry room. >> her vocabulary is limited to those jobs. >> reporter: often helps the thai immigrant expand her knowledge. >> i am happy. >> reporter: laundry worker adriana per not take its practice writing and building longer sentences, thank you barbara hemphill. >> i can speak with more people. >> reporter: she is getting a lot of confidence. >> i want her to feel confident, that she can communicate. she is a very bright. >> reporter: the volunteers when too, keeping their minds active by teaching eager learners. >> they want to be there and they want to learn. that makes it a great pleasure for me. >> reporter: for pre-19, and emigrate from china, it is a chance to give back. >> i wish they would be able to learn it too. >> reporter: students believe they can, one word, one lesson at a time. in pleasanton, sharon chin, kpix 5 . >> we want to thank you so much for watching. 60 minutes is coming up next. we will seek you back here at 11:00. >> sent spending millions in taxpayer funds. >>are all e >> why oakland's f

peloton rolls on to baird's fresh pick list as analysts expect upside in the fiscal second and third quarters. peloton is jumping about 4 .75% at $29.76 just at the highs of the session and the fitness bike got beaten up for its holiday children les which some said were sexist but the stock looking pretty good right now. you know, they say hindsight is 2020? foresight might be 2020 but which investors have perfect vision? according to the conference board which just released a new survey for the new year the executives that have their pulse on corporate america, we're talking about cfos, they listed economic decline as their top fear going into 2020. but this was the markets kickoff the year with another sloo of records but you guys look at the dow it's up 237 points right now , s&p up 17, the nasdac charging ahead by 92. our floor show traders are ready to pounce on this one let's bring you guys in, happy new year, records or recession this year? >> well we already have some records right? >> liz: yes. this is the tail end of the santa claus rally maybe a little bit of a january eff

tesla bull baird downgrading the stock from plaid mode, to a hold from a buy. musk refers to plaid mode, classic punchline from "space balls" when talking about the fastest power train options coming soon to the company's electric vehicles. you got that. can't look at it enough. the five-year chart of tesla just slamming the short sellers who did not believe that tesla would come back starting last year. >>> want to get to uber. uber is discontinuing up-front ride pricing in california. stock is flat but this could make a big change, at least maybe in their revenue. what uber is doing is opting for a more traditional taxi style pricing model, putting the cost burden of the golden state's new gig worker laws on its customers. the new law requires that ride hailing services to classify more of its drivers as employees rather than independent contractors. it is recovering intraday. you can see that. >>> let me go to costco shares, doing the happy holiday dance, jumping 1.66%. costco at nearly $300 a share. the warehouse chain climbing 11% in december as shoppers s

but also because we had traffic held up on the upper east shore freeway that crash cleared at baird and traffic making its way smoothly down the east shore and filling in all of the lanes and the san mateo bridge that is typical. >> a lot of crowd out there. that is what is happening "today in the bay." we're back at 7:25 with a live local news update. >> back out who the expected to on the iranian attacks at 8:00 our time. watch it right here on nbc bay area news and all of our digital platforms. have a great day. >>> good morning. breaking news -- retaliation. iran fires more than a dozen ballistic missiles at u.s. forces, hitting two air bases in iraq. as the iranians cheer its leader, say that concludes the response to the killing of the top general. is it really over? the president is going to address the nation today. our correspondents are inside iran and iraq just ahead. >>> breaking overnight, a ukrainian passenger jet as moments after takeoff in the airport in tehran. all 176 pele

baird saying the modest size and eps beat may disappoint some investors askmd to outperformance and another saying this is a correction the recent rally in the stock suggested the market was looking for upside and didn't get it with the call getting under way we are listening particularly for what the cfo says about expectations for 2020 performance and 2020 costs now, last quarter he said that revenue growth deceleration in 2020 would be less pronounced than it would be in the fourth quarter. so certainly a lot to listen for. scott back to you. >> unpackgoing right now thanks so, guy. >> yes, sir. >> you can take the ma haney view and say this was an expectations issue and simply say you got decelerating growth and also have a stock up 50% the last year and the results don't cut it. >> it's the latter because you don't have 27% revenue growth, below 30%. but the expenses are up. profit up only 16% but because they are spending more tim talks about this all the time lets look at the stock put it in context. the july 2018 high, basically was 209.5. 210. that's where we are now for the first

a presumption he didn't know for sure well guess what we now have a witness john bolton who's mike baird to say exactly that michael forgive me we're running out of time but i just want to ask you one last question do you think that any of this could actually change the outcome of the impeachment trial which because of numbers in the senate has kind of seemed like a done deal from the start. i can say probably not but if you asked me on friday or even on saturday if i thought there was going to be witnesses at this trial i would have said no the case seemed headed to a quick resolution no witnesses and an acquittal of the president by friday right now that is very much in doubt and while it's clearly unlikely still that you're going to get 20 republicans senators voting for conviction we do have to wait to see what those witnesses will say if they're called to testify and hearing exactly what john bolton has to say about his conversations days with definitely interesting at the say the least michael isikoff chief investigative correspondent for yahoo news thank you. now u.s. president do

then today baird published its social media survey. this got me.p and i quote, snapchat surges along millennials. while snapchat saw the smallest improvement in engagement trends, we noticed among the 25 to 34 age group was the largest single increase across all platforms and cohorts supporting our view that users will remain engaged even as they grow older. that's the coveted demographic again. there are real concerns for starters snap has seen 3/4 accelerating revenue growth but eventually the law of large numbers are going to kick in eventually numbers will start slowing again. snap has deep pocketed competitors. not only do they need to worry about facebook which i reiterate is the best in show and twitter, but now there is also this tick-to tick-tock. what it really comes down so is whether snap can hit its earnings estimates expected to make 22 cents in 2023 this thing is trading only 21 times the earnings estimates that makes it a steal even after this run but only if they make the numbers. but i think they are the estimates are too low. thi

before running for elective office mr jeffords geoffrey's church for clerked for the honorable howard baird jr of new york district court for the southern district of new york congresswoman valve denny deming's of florida congresswoman deming is a member of both the house permanent select committee on intelligence and the house judiciary committee mr may's serving her 2nd term in congress before congress in the stabbing served as the orlando police department for 27 years part of that time as the 1st woman police chief and orlando. congressman she's the congressman jason crow of colorado is a member of the house armed services committee mr crow served his country our country bravely as an army ranger in iraq and afghanistan before coming running for congress mr crow was a respected litigator in private practice and colorado congresswoman sylvia garcia of texas congressman sylvia garcia is a member of the house judiciary committee before congress ms conk ms garcia was served in texas state senate previously she was the director and presiding judge of the houston minutes of the system and was

meant i was not vital for this is by baird i was i had my bald head fracture so it makes. it really become new normal for them they will go there because they will deny us whatever they can do it. was the pa has given his testimony to the national human rights commission visiting to investigate the events of the day. he says he was doing some research when about 20 policemen attacked this corridor or spattered with drops of blood students say they were in the library on december the 15th when police charged in and started beating them up then they say they ran for their lives. students say the police broke down the door and tissue soaked in blood on the stair and the single shoe are signs of the violence that followed there also broken security cameras lying around students a policeman broke them so there is no evidence of what happened. the university's administrators say they have been trying to file a police report or f.i.a. are. no legal action has yet been taken we are following it up with the police we're asking them to register for a year because you've already give

let's now speak to dame vera baird, the victim's commissioner, who's calling for a full independent investigationth us on bbc news. you see this issue from a number of different perspectives as an mp, as a government minister, solicitor general and a police and crime commission or supporting police in trying to bring rate prosecutions and representing victims. how disturbed all you by this apparent trend. it is very worrying indeed. and there is very little satisfaction to be brought from the figures today. i have to credit that there appears to be a small upturn in the crown prosecution service's prosecution rates. that is very cheerful that it is going to happen but the prosecution rates have collapsed and that is the charge rates of the crown prosecution service which have gone down far more steeply and far more deeply than the police referral rates. the police have referred 22% fewer cases to the crown prosecution service from what we want to know why. but over the last two years some of the charge rate where you have got that bundle of police cases, even though it isa bundle of police cases,

baird: i thank my colleague for having this special order. mr. speaker, i rise today to reflect on the 47th anniversary of the roe vs. wade supreme court decision. we just had a -- which has had a devastating effect on protecting the sanctity of life and advancing the rights of the unborn. this ill-fated decision has had drastic negative consequences and has expanded the jab hornet practice of abortion across this country. despite the effects roe v. wade has had on the sanctity of life, i'm inspired to see so many of my fellow members of congress join me in continuing the fight for the unborn. whether it be by signing the discharge petition to bring the born-alive abortion survivors protection act to the floor for a vote, or by co-sponsoring legislation to prohibit the use of taxpayer funding in abortions. my house colleagues and i will continue to fight to protect life. just a couple of weeks ago, i was proud to join the 206 of my congressional colleagues in signing an am cuss brief filed with the u.s. supreme court concerning the louisiana case

wells fargo was cut to underperform at baird. stocks little changed.round november highs. 54 to 55 is probably resistance in wells fargo. david: tesla shorts -- thanks so much to bill maloney. great to have you with us. coming up on bloomberg the open with jonathan ferro, he will have quincy crosby, prudential's cheap market strategist on a day that is risk on with equities up around the world. this is bloomberg. ♪ jonathan: from new york city for our audience worldwide. i'm jonathan ferro. "the countdown to the open" starts right now. ♪ romaine: coming up -- jonathan: coming up, 2020 begins with stocks rallying with china moving to ease financial conditions, investors look for further support as eurozone manufacturing remains in contraction territory for an 11th straight month. good morning. here is your thursday morning price action. equities up 20 points on the s&p. positive .6%. euro-dollar 1.1196 and a bid in the bond market. yields down to 1.88%. we begin with the date issue, a new year, new decade, a familiar outlook. >> we are cautiously optimi

joining us on the phone is a baird senior research analyst.e rally has been because of tesla at the numbers? ben: there is a combination of things. i defined it as a narrative change. 18 months ago tesla was feared to be going bankrupt. they could not hit their targets. questions around demand. over the last 18 months, all of those things changed. there is demand for the cars, the competition is not there. they had $6 billion on the balance sheet last night. the liquidity concerns are gone. they brought up shanghai in record time. there new crossover vehicle are producing head of schedule starting in march. that shifted. investorsad long only that are looking at the name that has moved to profitability. there are some catch up going there from buyers of mutual funds. romaine: when we look at the fundamentals, which are quite for this company, there is some enthusiasm about the move up of the date for the model y. will we see production if satellite where that 500,000 number they put out could be beaten by large amount? ben: what we have seen w

baird: mr.peaker, i've eard a lot of talk about patriotism and i gave this arm good friendslot of whose names are on the vietnam wall so don't talk to me about and how much i love this country. when we're standing here debating an issue that we all is not going anywhere. the last thing i would say to serving in was vietnam, there were many occasions when i didn't have the what i thought was necessary. i just say to you that this body up their mind whether they wanted to be in that war or not. i suggest we get with the right it now.and do thank you. the speaker pro tempore: the entleman from texas is recognized. mr. mccaul: mr. speaker, i'm close.d to and i yield myself the balance. the speaker pro tempore: the gentleman is recognized. mr. mccaul: mr. speaker, i'm strongly in favor of dprrg our article 1 ng authorities for as matters as grave as war and peace. ut the fact is we are not at war with iran, and the president is not trying to start a war with iran. president earlier today. he told me

jeffries clerked for howard baird jr.district of new york the congresswoman from florida is a member of both the house permanent select committee on intelligence and the house judiciary committee. serving her second term in congress before congress, she served as orlando police department for 27 years part of that time as the first woman police chief in orlando. congressman jason crow of colorado is a member of the house armed services committee mr. crow served his country -- our country bravely as an army ranger in iraq and afghanistan before running for congress. mr. crow was a respected litigator in private practice in colorado congresswoman garcia is a member of the house judiciary committee. before congress, ms. garcia served in texas state senate previously she was the director and presiding judge of the houston municipal system and was elected city controller. ms. garcia was elected the first hispanic and first woman to be elected in her own right to the harris county commissioner's court. as you can see from these

. >> we're going to get to the baird downgrade in the case of tesla and of course bob on "squawk" talking about what the company is finally doing right but at the same time, jim, clareda says repo operations may be extended at least through april now to get us through tax season how much of this is a prop, basically a crutch that the market is leaning on >> look, i think that's some of it i also think they kind of botched it some of the stuff i want to work on for "mad money" down here, i think it's just one more prop. a lot of props we have to go back to what we said at the beginning which was we were three days ago beginning we were at world war iii the world war iii'ers are off the table. as long as they're off the table, we can have this bountiful rally. >> pence on the "today" show did say -- or maybe it was fox this morning, that the world would look much different right now if there had been casualties at those two bases. so i mean the old phrase dodged a bullet to a large degree is appropriate here. >> without a doubt apparently given the reporting there was a heads up or at least

a baird analyst saying i'm cutting the stock to neutral, i have had you in the stock a couple years noworal of the story. back to you. neil: thank you very much. meantime, i want to go to charles payne, the host of "making money." i was thinking, charles, that a lot of of the technology stocks, so-called fang and other related stocks that were thought to maybe kind of have to move over for new leadership, they are leading the charge again, aren't they? charles: they really are. remember the old dogs of the dow, people would come into a new year buying the stocks that didn't work out thinking well, maybe it's their turn. you know what, they might have done that for 30 seconds because these other names started to rally but you know, gerri talked about some of these upgrades. every day this week, one of these major momentum names, alphabet, i have seen it with a few others, apple, this is the third firm that has gone to $350, almost every day they are getting upgrades and meantime, amazon was put on a big list today because that stock is actually underperformed over the last year. compared

there's a woman, julia baird, who writes for the wall street journal, the new york times, who wrote a her up, you are more deliberate on what you do, how you do it, because you know time is not unlimited. maria: thank you for sharing that, jamie. you are incredible leader. what do you think about senator warren and bernie sanders' plans on healthcare, will it help innovations in the medical space? >> the thing about healthcare, you can have medicare or medicaid or all these other various systems and do them badly or do them well. what i would urge all these policy makers, you need a well-designed policy. it's not whether it's one thing or the other. i think we have -- i mentioned, we had the most dynamic healthcare system in the world, so you don't want to kill that golden goose. have you to be very careful. you have systems where the services being provided by the marketplace, still one payer. there's so many ways to design things. in my view, government design, it will probably be a problem. they aren't particularly good at doing things like that. there's not a lot of departments we

baird: mr.peaker, i've eard a lot of talk about patriotism and i gave this arm good friendslot of whose names are on the vietnam wall so don't talk to me about and how much i love this country. when we're standing here debating an issue that we all is not going anywhere. the last thing i would say to serving in was vietnam, there were many occasions when i didn't have the what i thought was necessary. i just say to you that this body up their mind whether they wanted to be in that war or not. i suggest we get with the right it now.and do thank you. the speaker pro tempore: the entleman from texas is recognized. mr. mccaul: mr. speaker, i'm close.d to and i yield myself the balance. the speaker pro tempore: the gentleman is recognized. mr. mccaul: mr. speaker, i'm strongly in favor of dprrg our article 1 ng authorities for as matters as grave as war and peace. ut the fact is we are not at war with iran, and the president is not trying to start a war with iran. president earlier today. he told me