fornitly business report," i'm bertha coombs, new york. >>> coming up, the final push. >> it's the final few hours to shop for those christmas presents, but does the recent fawdawn in the stock market keep people awrom the malls? we'll tell you when "nightly busit" >>> with all of the talk of an economsl down, the consumer does not seem to be listening right now. the "wall street journal" citing mastercard spending polls that total u.s. retail sales with the exception of autos r more than 5% between november 1st and december 19th. and they're not finished either. it is mated -- estimated that 7% of shoppers hit the malls today and over the weekend. and we have more in crunch time. >> it's christmas eve and with gift giving just hoursay a certain type of opper is on a ll mission. men. >> i did some last minute christmas shopping for my t family. >> lnute shopping. >>mi? >> i shop my best when i'm under pressure. >> everything is last minute. >> the men they're >>ey want to wait until the last minute. es, when it comes to christmas shopping the biggest procrastinators are typically meccord

"rghtly business report" i'm bertha moombs, new york. >> ford peace move to are rev up sales. >> the ranger is back and who buys in mid-size pickup in i'm phil lebeau we take you for a test drive with the new ranger t coming up on"nightly business >>> we reported earlier that ford shares got a lift today on reports that china may cut the imports.n u.s. auto well ford is also hoping to get urn of lift from a r its smaller pickup, the ranger. phil lebeau as youak saw t us to southern california for a ride in ford's newest old truck. >> reporter: the ranger rides again. ford's newest model is a mid--size pickup geared to capitalize on growing demand a smaller, sportier truck. >> these vehicles serve a lot of functional purposes out there. but there is also enough kind of disposable income and prosperity that people are buying for lifestyle reasons, fun on the weekends, tow toys. >> the mid-size is gearedthoward lifestyle buyer people who want to take it off road which is why fordui the ranger for extreme diechgt conditions. >> the ranger may be rugged enough for off roading but bigger c

bertha. come up here. help them appear. , not. this is nice. ms. rabinowitz. ruth solomon. , not. very nice. [applause] thank you all. thank you very much. that is beautiful. [applause] come appear. . >> you honor us truly with your presence and inspire us with your courage thank you for being here. each of you has endured evil beyond description it calls to mind the dead and the living we must bear witness today and every day to renew our solemn pledge. never again. never again. [applause] the jewish people built a mighty and majestic nation. as part of the middle east and a light of hope to all of the world this administration will we stand with our cherished partners of israel. [cheers and applause] we have left the horrible iran nuclear deal. that was a horrible horrible deal. and impose the toughest ever sanctions. we sanctioned iran like never before. we must never allow iran to acquire a nuclear weapon or nuclear armed. we cannot be the leading sponsor of terror who chance death to america to threaten israel all of the time with annihilation and to scream out death to israe

bertha, come up here. help them up here. [applause] come on up. that is nice. ms. rabinowitz. ruth solomon. come on up. very nice. [applause] very nice. thank you all. that is so good. thank you very much. isn't that nice? beautiful. beautiful. david, get appear. -- david, get up here. beautiful. you honor us truly with your presence and inspire us with your courage. thank you for being here. each of you has endured evil beyond description. it calls to mind the dead and the living we must bear witness today and every day to renew our solemn pledge. never again. never again. [applause] from the depths of despair, the jewish people built a mighty and majestic nation. a thriving democracy in the middle east, and a light of hope to all of the world this administration will we stand with our cherished partners of israel. [cheers and applause] thank you very much. we have left the horrible iran nuclear deal. that was a horrible horrible deal. it should have never been made. and imposed the toughest ever sanctions. we sanctioned iran like never before. we must never allow iran to acq

down five hoffenheim the lot bok ended scoreless and true with strong as well on friday night both bertha beat durham back and in saturday's late game dortmund are taking on bremen and on sunday will see leipsic meet might's well frankfurt will face laverick who isn't. and a reminder of the top stories that we're following for you right now yellow best protesters in france are in the streets for a fifth straight weekend they're demanding the government make life in france more affordable president bush is calling for an end to the demonstrations after making several attacks and wage concessions. and. you're watching news from berlin more coming at the top of the hour and don't forget you can get all the latest news and information around the clock on our web site that's. going. to use the world over information they provide. means if they want to express d.w. on facebook and twitter up to date and in touch and follow us. tonight .

see you then >> see you then. >>> mederna opened for trading bertha coombs is with us with more. >> reportermpany price in the mid range, $23 a share, upped its offering to more than 26 million shares, has a valuation of somewhere north of $7 billion, although it is a tough take in biotech space. biotech sector hit with everything else. the mederna ticker harvest genetics to help you fight off diseases it is a hot space. they were the number one cnbc disrupter in 2015. still not profitable, nonetheless, a company that has 21 drugs in the pipeline ten of them now in clinical trials not the best debut one would have liked, but when a stock is down like this, you can say they didn't leave any money on the table. tough take overall, guys back to you. >> thank you for that. >>> major averages taking a turn for the worse. off session lows ibm, caterpillar, intel leading them lower rick santelli has a special jobs friday santelli exchange hi, rick >> you're correct. my special jobs friday guest, ed lazear is withbush ed, thank you for joining me this morning >> nice to be with you, rick, thank you.

back to you. >> all the winners bertha, thank you. the tech sector on pace for the worst month since october of 2008 our next guest does see opportunities. here to name some names is david garrity. where are you buying right now in tech, david >> sara, the back drop we're looking at in terms of protectionism being pushed forward by the trump administration is leaving smaller companies. something that really doesn't help growth prospects. in terms of looking at this pullback, the market down 20% since september, we see opportunities in names and ones that are not dependent upon global supply chains that are being disrupted. certainly in the case of amazon, certainly very, very much a play on the developed country economies, the disruption taking place in retail. amazon an attractive company in that regard. the pullback makes us think about committing maybe not at these levels but thinking more about it as we move into 2019. other companies that are being used daily that are not as exposed globally, microsoft is one. and then also last

let's head up town to bertha coombs at the nasdaq.or the nasdaq although it did outperform the broader market. >> yeah, relatively outperformed. we hit those all-time highs at the beginning of the year, the last one at the start of the quarter and it was just downhill from there. at the end we do see the nasdaq composite outperforming the major indices partly because large cap tech and the nasdaq 100 really was the outperformer not withstanding the problems with faang. the small companies really here that got beaten up especially small cap biotech. that was really the worst part of the health care sector this year. taking a look at those faang names for the last two, three years. these were the names that led us higher. this year among the big losers and big decliners, facebook and apple combined would have been -- if everything else stayed the same, would have left the nasdaq down 100 points for the year. but adding to that alphabet, slightly lower, they were not enough tooffset the other two names that did very well. that's a measur

dow up and s&p up 1% biggest movers of the day and bob pisani is on the floor and bertha coombs up atnasdaq bob, we'll start with you. >> reporter: off the highs and most of the big moves up, positive trade headlines, usual names. caterpillar, were at 127 and holding up here at 125 saying thing with boeing, another typical trade name we were 331 earlier, but just off of that. normal intraday trading and sitting right near the highs banks are rallying but not quite as much. in fact, u.s. banks, a lot are up about 1%. we still see new lows, wells fargo a new low and some other small community banks israel 52-week lows the bottom line, trade headlines. the huawei cfo being granted bail the china drafting a made in china 2025 replacement, positive and may surviving the brexit confidence vote would be a positive ten cents, price to 13, holding in there at 14.03, and, boy, a lot of happy people down here that that deal got done. >> guys, back to you the dancing stuffed animal little creatures outside the new york stock exchange for ten-cent music. let's send it up down to bertha coombs we'v

now let's get to bertha coombs with a look at today's nasdaq movers >> good morning, mike.eeing a bounce here across the board, particularly with tech names. they are moving higher and leading the nasdaq higher at this hour. we've got the s&p tech index, particularly semiconductors showing strength here in the earl live going. but they are both down for the year and for the quarter amazon has been one of the big behemoths and big impact stocks here on the nasdaq the nasdaq composite on pace to be down for the first year after breaking a six-year winning streak amazon expected to expand whole foods to make it easier to provide delivery in areas where they don't already have it amazon shares, however, having a horrible quarter year to date, still up nearly 30%. that's among the best of the f.a.n.g. names that's really helping to hold the nasdaq up so far this year among the worst is apple before that, let's take a look at apple for three months. looks like it's going to be its worst quarter since 2001 following september 11th, on pace for one of its worst years since 2008, sn

. >>> now let's get to bertha coons at the nasdaq. bertha. >> that's right.orst today r but thbut thi broad selloff. small caps,although not as bad today for the week are down more than the major averages down 5%. certainly technology is at the heart of the problem the chip sector down more than 6.5% for the week, seeing its biggest drop since the swoon last march apple a big reason why is its suppliers continue to report slowing demand apple shares down now for the ninth week out of ten. on pace for its worst quarter since 2012 and i might remind you that prompted a three straight quarter decline for apple when shares really stalled. broad combucking the tre buckind but it's well off the highs and dipping into negative territory as well. biotech under pressure as healthcare sinks on pace for the worst weekly loss since the october selloff making for a very tough ipo debut today for cnbc disrupter ma determina therapeutics it's focusing on harnessing one dna part of your gentleman nometic to fight disease yooms priced at the midpoint of the range with a bigge

nasdaq on track for the third weekly decline bertha is there for us >> yeah. real broad decline 350 new lows only one of them on the nasdaq 100. the russell 2000 for 5% decline this week. it is worse than the major averages chip stocks are one of the big drags here on pace for their worst week since the october lows we are trading below the levels now where we saw reversal yesterday but not getting any help from the big caps where we saw a number of traders pile in in the afternoon apple right now looks like it has given up all of the year's gains. it was last down having a negative year in 2015. that year it fell more than 4.5% it is on pace for its worse quarter in about six years take a look at some that were positive it is hitting an all time high earlier this morning it happens to be listed here tesla i want to point out is actually doing incredibly well for the quarter. very strong quarter. big turn around from the decline that we saw at the end of september. at this point tesla is actually the biggest car maker by market cap in the u.s. at $64 billion q

bertha >> you plan across the board the nasdaq having one of its worst days on the percentage decline since that okay 24 sell-off that we saw in terms of low we pretty much all of the major averages here, the large cap, small cap, back into correction as well technology and chips as well back in correction chips have been the big drag all around i wanted takeo take a look at te nasdaq 100 heat board if we can. we've had a handful of stocks today that have been in the green. among them earlier in the day, workday hit a new high, some of the cloud management software company for benefits did very well we also saw companies like pepsi were higher. a lot of that is falling by the wayside as we are watching the nasdaq 100 dip into the low. one of the areas that is a big drag is the ap ple, the latest downgrade from hsbc on concerns of slowing sales also one of the latest apple suppliers, cirrus logic, although it has come well off the lows free market said that it would see lower revenue, lower demand, but some of the other apple suppliers today are also moving lower. the faang names of co

talk to you soon >>> let's send it to bertha. >> yes positive since early morning and before we saw thatn around in apple it has not helped in terms of small caps they continued to sit up this rally. chips breaking a three day losing streak really helping to move things higher this is the biggest gainer in the nasdaq 100 it is in terms of point impact coming from facebook and microsoft. moving out with today's move up. the big momentum coming from that reversal, at one point it was down more than 2% for the year it looks like it is trying to get back into positive territory. this stock technically is really facing a lot of pressure to try to move higher apple now for the 18th straight day trading below the 200 day moving average it is below the long-term trend. it is not the longest streak we have seen from apple the longest was in 2013 when id traded 194 days. david, back to you >> okay. thank you. >>> you have heard reference to apple's strange day. it has been that it was 9:00 a.m. when we first brought you the news of a court in china that issued a preliminary injunction which was al

. >>> let's seasoned it to bertha. >> take a look at the nasdaq 100. now in positive territory. a lot of it has come from some of those communication names in particular the faang names >> netflix was the first to turn this morning you saw facebook, amazon and alphabet all moving higher as well nice gains up better than 1.5% you have seen a number of new lows here. a lot of them have bounced as welch the one that hasn't bounced yet is apple l it is down after having a huge run-up on monday it continues to be the big drag here overall the nasdaq in positive territory. we'll see if it holds into the close. >> thanks for that morgan, mike pointed out the other factor that helped give a lift was a wall street journal story pointing that the fed may delay the december rate hike it is falling from close to 100% to 70% range still down. >>> ten year treasury yields hitting the lowest point since august today we'll diver into what it says about the broader market next. >>> here is a look at the s & p 500 heat map for the day we are back in a couple of minutes.

first let's get a check on today's big movers we are here on the floor bertha is here let's start with you >> we did close off the lows of the session. what a day a dramatic reversal from trade induced rally. the s&p and the dow transports all breaking below the 200 game moving average the key support levels we watched. we also saw selling pick up steam. a lot of focus on the bond market with yield curve inverting. markets clearly playing a defensive tone with proctor and gamble both hitting all time highs. utility names also moving to the upside there were some stocks that were able to buck the downward trend. dow jones industrial down 798. back to you. >> thank you let's head up and see what drove the selling up there hi >> hi. the tech once again the whipping boys we really saw a broad selloff among the worst decliners. we also had the overall tech index and the tech etf, the xlk back into correction as we saw the selloff. among the big causes today another downgrade for apple. apple one of the biggest drags again, hsbc worried about a future iphone sales and another apple supplier

what's in store in bertha coombs with more. morning. >> good morning.ad been the standard bearer with the best performing sector coming into this quarter, but just going negative here today. sort of the last man stand ping apart from utilities that decline, there's a lot of uncertainty, but some is because we've seen some regains. take a look at the medical device makers. they're still up for the year among the best performers of the year part of it is because you've got a lot of names there that are high fliers. names like dexcon. that has a forward pe of 225 it's still up 88% year to date, but you can see the large pullback that's bigger than we saw with the market. abiamed, they were involved in heart pumps. they have a forward pe of about 22 none the less, ubs is one of the ones they like they say the demographics here are so important in terms of the ageing population. one area that has gotten hit and really been in the cross hair of the drug pricing problems has been the bio tech sector more so than the large cap pha ma down for the year. and real

some of the big fang names making a comeback after this morning's sell-off bertha coombs is following moves. >> we have a mixed market particularly when it comes to tech shifts and hardware have been leading the declines while the communications sector at times has actually edged above the even line, as we're seeing right now apple is the biggest drag, giving up all of the week's early gains, as its camera lens maker is the latest supplier to suffer slowing demand. a report at such, but bucking the trends are the fang names. netflix was the first to turn around, providing a bit of tech leadership, and then an upgrade of chinese gaming platform netty's which is helping those names buck the trends today. the gaming group has really beaten down all of them in bear market, ea and activision this morning bouncing off new lows. >> thank you we'll keep a close eye into the close. the relationship between the u.s. and china just got more complicated. the cfo of huawei arrested in canada and facing possible extradition to the u.s deirdre bosa is live with what we know at this hour deirdre. >>

i'm joined by author john bertha. executive director of american conservative.face of the republican party or gop or even conservatism. does donald trump now represent all of that? >> thanks so much for having me, charles. well, i think you will see on the right right now, there is a lot of hand-wringing since "the weekly standard" closed several weeks ago, about the future of the republican party and the conservative movement, where it has been going. has it been overrun by populists and demagogues. i wrote my piece in the "washington post" to argue exactly the opposite. i think the future of conservative system bright. it was positive thing that the donald trump broke the neoconservative hold on republican party which pretty much advocated for endless war and endless globalization since the end of thed warp without taking into account for their the. i worked with conservative publications and thought leaders, developing what when he call main street conservatism, insurance culture, community, common good. charles: who gets to decide what conservativeism is? i

and he was proud to show off the byron stadium but i thought bertha is it a place most singers would a mile from if you come and you think i have to save some ways because i have to the roots of the war or whatever you can't i mean you simply can't i mean it's i mean everybody who is into football knows that this boards i mean you cannot stand still you can't just silently watch a game. compared with the seventy five thousand fans in the stadium the royal albert hall in london boasts a mere five and a half thousand but on television and radio millions more across the world waiting for start time at the last night of the proms the first time a german singer had been booked for rule britannia yeah of course i know the melody of course everybody knows the river tony but i had no clue about the text honestly . all the other nations on the fourth fourth with high rather that it's quite a young strong well i mean some of the years ago. he was very particular about the drive to the hall to be sure he arrived after the audience was safely inside he always has fan mail waiting for him in his