but bertha, another record day >> the 13th for the nasdaq composite.h no real new news coming out of the president's economic address at the economic club here in new york we did see a little bit of a fade here into the close nonetheless, we have the nasdaq 100 set to close at all-time highs. microsoft one of the reasons why it's at an all-time high and we'll close there today as well. meantime, on the other side, smile direct set to report its third quarter earnings, its first earnings report since going public this year so you can see, it is down significantly here and fading into the close ahead of that report we'll have that after the closing bell when it crosses over to bob. >> bertha, new highs earlier in the day, but nothing new in the president's speech and it doesn't look like we're going to hit a new high on the s&p, we're a point or so shy of that for the close it was another ugly day for shale companies. i want to point out what's going on with some of these. we've had low oil and gas prices really hurting these companies another bad day fo

we asked bertha coombs to take a closer look. >> walgreen's is weighing a eatential to be ainquired byte equity firms in what could be a massive leveraged buyout. a source familr with it tells cnbc process the drug story giant was approached by investorbout deal taking the company private. as part of the review, the brd subsequently approached b investmek ever core to explore sales. the drug story cin stwrugled to grow profits asromz to pharmacies come under reimbursement pressure on prescription drug sales and face active competion in front of the stores from online merchants like amazon. while rival cvs bought insurer aetna an effo to lefrpg the health cnic. walgreen's bid toright aid was blocked by regulators.th drug store train chain tried to kulgts whittleown costs and debt with a $17 billion. with a market valuation of $5 a and acquisition by privaui firms amount to a major leveraged buyout. any deal with hinge on ceo's approval. he is wahl green's largest shareholder with a 16% stake. declined to comment on the ns report. for ghtly business report bertha coombs. >> still heyde,

for "nightly business report," i'm bertha coombs. >>> retail sales rebounded in october.ales increased nt0.3% last lifted by car purchases and higher gas prices. reversing september's decline. but consumers did pull back on big ticket householdtems and clothing. experts say that could temper holiday shopping season.rong so joining us now to talk more about retail sales a the consumer is michael lassar. retail analyst forwe ubs. ome, nice to have you here. >> good evening, bill and sue thank you r having me. >> are you worried? theeport was better than a lot of people thought it would be. are you worried at all about the sullback by crs on the bigger ticket items and clothing? >> no, not. i think the skierm is on good footing as we merge into the holiday season. wages rising and unemployment is roe low. three rtant foundational rivingts of what should consumer spending over the holiday season. >> winners and losers into the holiday season here, and i'm curious your thoughts on the departmenttores themselves, and which category they fit in right now. >> well, you know what

coombs joins us with the latest bertha >> morgan, walgreens is weighing a potential buyout a source familiar with the situation telling cnbc that the company was approached by private equity firms about a potential deal and now the board has approached investment bank evercorps to explore a sale shares spiking on an initial report of the news, but walgreens has struggled. the company has tried to cut costs, but the market cap north of $55 billion, it could amount to a massive leverage buy out. any deal, though, would hinge on on ceo stefano pessina okaying it >> that is a big story that would be a big-time buyout, bertha coombs. thank you very much. wow. >>> all right, on deck, call it kicking them when they're down goldman sachs booting under armour from its high conviction list, and it isn't the first miss from the bank's list of favorite stocks. we'll take a closer look at some of the misses and some of the hits >>> and later, an exclusive interview with melodee hobson. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matt

pretty good bertha now you want to 1st crack that. free beer bertha now you want to 1st crack that. no. no. ball the. ball be cut cut cut. cut cut. cut cut cut. cut cut link i link i link up my yard. is your media link i can link up my. israel media a reflection of reality. a reflection of reality. in a world trance. in a world transformed. what will make you feel safe. formed. what will make you feel safe. isolation community. isolation community. are you going the right way or are you being led. by you going the right way or are you being led to. direct. what is true what his faith. direct. what is truth what is faith. in a world corrupted you need to descend. in a world corrupted you need to descend. to join us in the depths. to join us in the depths. or a maid in the shallows. or a mate in the shallows. russia's foreign minister says the us invasion of europe. russia's foreign minister says the us invasion of iraq led to the rise. in the group's leader killed by the americans last week was washed led to the rise and the group's leader killed by the americans last week was washin

pretty good bertha now you want to 1st crack that. no. longer. haul being cut. out by ya. feel. me. with. the global economy sanctions and relations with the united states are the top forum in russia. benny gantz fails to form a new government and moves israel towards an unprecedented 3rd general election in the year. plus a talk at a university by family stance is cancelled of the she's accused of being transphobia we hear from the artist. that was ridiculous i mean i'm talking about i don't believe i said anything trying to transfer a big i mean we're having a discussion based on no facts.

pretty good bertha now you want to 1st correct that. no. ball 5 being cut. at least with a seal or any. ill . will. for. the force of the ounce to believe you lead to even the rawest a soft. against the police in the capital they refused to recognize the new self declared him to remain leader. the leaders of the brics emerging economies are in brazil for that annual summit aiming to strengthen their partnership is that the about. donald trump says he's a big fan of turkey's president other one as the 2 leaders meet in the white house but key differences remain over the conflict in syria on turkey's purchase of russian weapons.

back do you. >> bertha, thank you very much for that a reminder, a record all time closing high on theonal gain of ten points, s&p and nasdaq were slightly lower "fast money" begins right now. >>> this is "fast money," i'm melissa lee, we have dan nathan and brian kelly. a new record for alibaba on its singles day. this stock is going to rip on earnings tomorrow. how the options market says you should play it and google may know more about you than you think. the tech giant reportedly gaining access to health records of millions of people. we break down the implications for your privacy and the stock. >>> boeing,

pretty good bertha now you want to 1st correct that. no. ball. cut. coming. over the last 3 decades the european union has seen its enlargement as a way of helping its eastern neighbors democratize well keeping them firmly within its geopolitical orbit as the e.u.'s mantra the bigger the better present to be the case. feel. it was oh supporters of president clashed with police during the funeral of a killed protester speaks to even miraculous about what's happening in his country also this latest witness at the trump impeachment hearings claims that russia is planning to meddle in the 2020 us presidential election and he was charged with bribery fraud and breach of trust it is the 1st document sitting israeli prime minister and looks set to deepen the country's political crisis.

pretty good bertha now you want to 1st read. pretty good bertha now you want to 1st read that.oh no. no. no. no. 5 5. well yeah. so what we've got to do is identify the threats that we have it's crazy so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race off and spearing dramatic development the only personally i'm going to resist i don't see how that strategy will be sufficient let it be an arms race on all fronts clearly dramatic development the only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down in a very critical time to sit down and talk. talk. put themselves on the line to get accepted or rejected. put themselves on the line . to get accepted or rejected. so when you want to be president. so when you want to be president. or some want. to go right to be the person that's what before 3 of them are. actually going to be. yes that's what will afford 3 of the boys can't be good. i'm interested always in the waters in the house can't be good. i'm interested al

thank you both brian and our own bertha coombs. meanwhile, stocks hitting all-time highs on encouraging trade deal comments. despite the records today, the new york fed slashed its fourth quarter gdp to just 0.4% jp morgan doing the same and goldman sachs cutting its outlook to 1.9%. joining me now, chief market strategist at prudential financial. welcome to you both. quincy, i'll start with you. seems like the market's pricing in a whole lot what do we need on the trade front? it's every trade headline that causes markets to ping-pong bckt and forth. is it enough to say, you know what, if we reach a tariff truce, that's good enough in terms of certainty for now >> a viable truce would be very helpful. the worst thing would be an escalation december 15th is coming closer and closer and if -- if that goes into effect, i think the market is not going to have a santa claus rally. i think it's going to be pull back and, therefore, you may have portfolio managers, hedge fund managers, locking in gains earlier if we don't get any sign th

bertha coombs stig digging in on smile direct we start with josh lipton at move lower for skyworks.ky works, 50% year to date heading into the print in the red right now. checked in with craig ellis over at b. riley. he says kwur quarter modest beat outlook average raise. neither as significant has dorvo. know ellis saying he expected in my opinion he thinks the street expected too much from the quarter. he is bullish on the name he tells me it's well fogs positioned for 5g and well positioned for the kind tier 1 customers like apple. of course apple a big customer here on fiefrpg the ceo on the call saying the 5g upgrade cycle is under way and significant opportunity for skyworks given the number of use cases he says, not just smartphones but industrial iot and ai. and his company he says is at the forefront of the sea change. the cfo talking about huawei another customer that was a headwind given he says huawei is on the american blacklist. he says the company's managing is well. melissa, back to you. >> josh lipton in san francisco. i think maybe the most important thing about th

bertha they demolished the abandoned buildings just a few days later probably so that no one would askwhat had been there before. and on the resulting square they built a church which is the noise. which is why it's called noise or new. plots. above the surface today there's nothing to see of those demolished houses but the sellers are preserved underground. the excavations at $95.00 plots took 3 years during which time archaeologists even found a gold treasure the documentation center doesn't have signs or a big means on send the structure can only be accessed on guided visits but don't let that scare you off it's really worth it. time to hop on over to the other side of the pond to meet our globe trotters steve hanus he's been visiting colombia's caribbean coast off we go. to start things off here in qatar you know we take part in reach work to get an overview of your town and all the things he needs to see your. country was founded in 1533 by a spanish commander and became the main port for trade between spain and its overseas empire. in 1984 the trainer's port fortress and other mo

the pharma space, bertha has that. >> the deal for the medicines company is a big bet on the biotechs treatment to lower bad cholesterol in people with a predisposition for that heart condition. the deal values the medicines company as $85 a share, a 24% premium, but the stock hit an all-time high last week after surging 30% on positive data and speculation of a buyout. it's at a new high today we have two dozen new biotech highs on the nasdaq. here's a nerdy stat for you. analyze tech biotech index down 10% from the last presidential cycle four years ago. >> there we go bertha, thank you very much. we'll see if anymore m and a springs up one more deal today. charles schwab announcing plans to buy td ameritrade for $26 billion. the combined company will boast more than $5 trillion in assets, third behind fidelity and van guard. the combined company will move its headquarters to west lake, texas. the deal comes just over one month after charles schwab kicked off the race to zero commissions on october 1, followed by td ameritrade, e-trade, ally and fidelity we've discussed this at leng

pretty good bertha now you want to 1st crack that. no. balls being cut cut cut. cut cut cut cut i can link up my yacht. your government and our government and all the other major governments of the world know what's going to happen and when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth . is going to cause tidal waves earthquakes volcanoes and i rapped and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have lawlessness should have. a terrible life and between now and the. after the chance you were at the presidential palace in damascus welcome to it see international world exclusive i'm with the president of syria bashar last it was your president thanks for granting us an interview but it was to start off with why grounds of interview now when you haven't done it for a year and. no matter what comes here. events in the wood in general in the region and you think you have to the invasion has brought syria fro

pretty good bertha now you want to 1st correct that. you know. for me. to link up my. readings and sell you takes you well implementing universal health care bringing clean water systems to flint michigan is.

as bertha coombs reports, he raised the bar for the entire sector. >> reporter: bernard tyson was one of the nation's foremostor advocates improving patient care and access. he spent 30 years at kaizer raising throughhe ranks to become ceo in r13. unis leadership health care advocates say the largest nonprofith integrated healt system grew to be a leading example. at kaiser-permanente you have a very particular model, which is to put the dollars around a health plan and clinical teams working in partnership. when you do that, you get better health. appreciated theer of that d and collaboration but he had the sight and the energy and the passion to take it out into the community. >> reporter: tyson died unexpectedly in his sleep earlyy su he's being remembered as a leader who in the words of one colleague walked the ta. he helped kaiser invest in data analytic tools for patients at risk of health problems and he recently described his company' push into digital communication allowing patients to securely text their doctors for easier access. >> just think about it. you're working at mc

final finally, let's move over to the nasdaq with bertha coombs. no records today, bertha. >> no.trading in a tight range here as well amd, the best performer on the nasdaq for the year it's the best performer in the s&p, hitting a new 52-week high this stock is still 20%, y2k high as one in three of the large cap chip makers. data dog, hitting it out of the park on its earnings with much better revenues than expected, break even resolve meantime, it's also at an all-time high while its rival, another ipo -- not a rival so much but another ipo that came this fall, smile direct, having its second worst day ever, worst only was the day they debuted when they were down 27%. the problem here, the regulations have not cut up with their business model they have a rough road to hoe. over to bob. >> bertha, it looks like we'll hit a record high, 3094 on the s&p 500. of course, we had a number of events today mr. powell confirmed the fed is on hold. the market generally liked that. it moved up while he was testifying there we had talks about snags in trade negotiations hitting the market i

pretty good bertha now you want to 1st read that. you. know. all the cut. you know world a big part of the model and conspiracy it's time to wake up to do. deeper to hit the stories that made stream media refuses to tell more than ever we need to be smart we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the troops the time is now we're watching closely watching the hawks. thousands of american men and women choose to serve in the country's military and the decision a little sheltered lives every song came to a complete. the day that i was raised to be instructed here you know told to shut up or they'd kill me and i see how it destroyed my life many screamed at me and he made me come in the gram my arm and he raped me with his birthing area if you take into account that women don't report because of the extreme retaliation and it's probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tat happe

pretty dear bertha now you want to 1st. know. for being cut. coming coming coming. your government and our government and all the other major governments of the world know what's going to happen and when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth . is going to cause tidal waves earthquakes volcanoes are going to wrapped and it's going to chill. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have lawlessness should have. a terrible life between now and the. greetings and salutation. let's start things off today hawk watchers with the political turmoil and the people taking place in the country you believe you were after a disputed presidential election last month resulted in weeks of opposition protests longtime president ever morales surprisingly resigned from office on sunday and why did the longest serving president in latin america step down you may ask well on sunday shortly before his resignation in a televised announcement

pretty good bertha now you want to 1st crack that. no. balls. 5 to link up my yaar. join me every thursday on the alex simon show and i'll be speaking to guest on the world of politics school business i'm showbusiness i'll see you then. oh max kaiser this is the kaiser report i've got an eerie sense that things are not quite what the appear to be states in fact we're going to look at california 1st and then we're going to go to a town right here in new york and that is kingston new york where our guest in the 2nd half is from it is going to it's a tale of 2 economic models over in california we know not only do we have forest fires going on all over the place huge fires thousands of people being evacuated from their homes but we see blackouts millions of people suffer and blackouts and p.g. and e. the multinational basically utility the giant utility company listed on the stock exchange they have declared bankruptcy to avoid all their obligations over you know over the last years disaster and it looks like we have a disaster again this year and people in california a

let's send it over to bertha for the action at the nasdaq bertha >> it's continuing on that theme.forming sector here this week, helping the nasdaq snap that seven-week winning streak and kla is the worst-performer this stock was at an all-time high following earnings last week and it's now in correction from there yet again, it's still up about 80% for the year a lot of investors seem to be rotating into that beaten-down sectors like software. it's one of the winners this week, up about 1%. and biotech up for eight straight weeks one of the big winners this week, medicine company after a good trial data on a cholesterol drug over to bob. >> and bertha, market moving this week, mostly on macro news that's trade related we're down fractionally, but much too early to get bearish on the market retail, one of the few sectors that actually moved on sector specific news. we actually had a couple of companies move up as the expectations were low. look at buckle here, simon property group, that's a new 52-week low for simon property gup and that's the downside of the whole retail environme

over to you. >> and we had a rally going into the close, bertha. on the s&p 500 in the last hour or so and we were led by two important groups, health care and technology stocks. there's the s&p. we're going to close at a new high right now, but health care and technology stocks, great today. cardinal health, for example, cigna, also strong in the health care group nice move up there, about 1.5% for cigna today. we also had some nice moves up in some of the technology names, as bertha noted going into the close. xlk, which is the big etf for technology, that's closing at a new high there's the closing bell, the dow has been trying to get into positive territory other than a brief moment after the open, it hasn't been there we'll see if we can get there right now. it's closing down three points, no, just went positive there's the dow jones industrial average going into the close, s&p up 7 another record for the s&p >> welcome to the "closing bell," everyone. i'm wilfred frost. >> and i'm sarah brmorgan brenno sara eisen zplp t >> the dow just eking

pretty dear bertha now you want to 1st. know. all. 5 i can link up in my i phone i have a 1000 times the capability of the of the computers and we had on board the spacecraft at that time i mean it's ridiculous that in my back pocket i have much much more capability to go than we had in the hood and the entire apollo program. you mentioned again and the 635 and you have a but clear and clear involves using your i phone in your computer and things that have been in an office. perhaps you sort of get things in a circular t.v. you're going to have to stop doing all this and this is tell you the minutes must be frightened my world became smaller and smaller and smaller until i ended up winning it and the box. radek a very strong magnetic field held in my head. think of it like a real hard time assured my skin burned and that why. the sexist point out there just continues on a day with our students in the schools. we are just continually our citizens in this microwave radiation it is certainly electoral small and it's getting worse .

pretty good bertha now you want to 1st crack that. no. longer. call me cut. my yaar. welcome back to the kaiser report on i'm max kaiser coming from some warehouse of brooklyn where there's a lot of noise you might hear trucks and boxes and stuff anyway we're going to be talking to ellen brownstein is the author of the instant classic web of debt ellen welcome back thanks max i want to get your expertise pick your brain on something here you are someone who has studied banks and their impact on monetary policy what is your instinct and what is happening in the repo market the new york fed has apparently found over $100000000000.00 per day it looks like a rolling bank bailout ellen well it seems that 1st of all the report market is what banks use for their. to get overnight loans it used to be they said friend market. they've switched their apra market because it securitize and because it's like the alternative to deposit insurance where it's backed by a collateral and because they used to be they made a little more money in the repro market but of late j.p. morgan was

pretty good bertha now you want to 1st correct that. i'm no. longer. ball. coming coming coming. today there are good terrorists and bad attitudes from bad terrorists and those in yemen who the united states deems to be a threat to look to those who work in syria the cia and the u.s. military were engaged in covert actions really throughout the world. where they were assassinating populist leaders they were backing up right wing military pluto's funding an army of death squads there's no any more because there's always a small. really good. profit. u.s. military convoy comes under fire in syria from turkish backed militants we'll look at how the group including functions once fiercely promoted by america has now turned on washington. but total despise one of its most successful c.e.o.'s ever after he admitted to having a consensual relationship with a colleague well our guests debate the subject of so named in appropriate affairs in the workplace. you know being a c.e.o. i don't know how much time this guy had on his hands to meet people but do you know the rule that we live in t

free beer bertha now you want to 1st crack that. no. call be cut. and i need an honest woman ties to my town where you don't think a suit. bandicoots old movie theater on the plaza in this way got 2 dollars and so hard not to think in the dismayed to see the look i think i want and i don't miss so much and if. only think that we do is music because everybody fights to use when. the floor can be found this most recently and i'm grabbing hold of even a lot of them on the. what i think is this is the fans that is what comes. there was an imaginary ghost then and enemy out there called the russia during the russia gate hoax meanwhile. the other 5 key technologies coming out of china and other technology of china china's actually leapfrogging ahead of the us economically and now be feasibly the currency war so now that whole period of focusing on russia it would be is just a waste of time we should've been focusing on the actual rival to the americas very dominant in the us now is the time it. seemed wrong. but. just don't hold. any. yet to stamp out the

back over to you. >> bertha, thank you very much we got the chicago pmi due out in moments to add to other data we got this morning to the bond pits, rick santelli at the cme group in chicago. hi, rick. >> we have chicago coming up the charts here, we had very solid data this morning, whether it was preliminary read on durable goods, proxy for capital spending, or, of course, a couple of tenths revision over the 2% hump on gdp intraday ten, it popped the whole curve. look at the two-week of tens even though this is a nice pop, it is still a long way from getting back up towards the top of the range and finally if we look at what is going on with regard to a yield curve, not 10s to 2s, let's look at 30s minus 10s. that distance is really narrowing. right now, what we refer to as the knob, notes over bonds, approaching 40 basis points currently at 3443, the tightest since april. dollar index, we first walked in, down a bit, now close to up a fifth of a cent. one week of the dollar index, it is really powering ahead here. as we get into a thinner session. and finally looking at the doll

and bertha is watching health care stocks. >> morgan, u.s. and chinese principals were expected to continue negotiations. no update from the trade representative treasury or the white house on that but as of the end of this week the eve of what was supposed to be the apex summit has now come and has no deal to show for it despite suggesting the two sides were still working towards this weekend as a deadline. white house economic adviser larry kudlow claims there's been no delay but he also won't predict when or by whom the deal will be signed >> i don't want to put -- i don't want to hang any numbers on anything. i don't want to hang any numbers on days, dates, days of the week i don't want to put any numbers. you know, the two leaders may be able to put together a signing ceremony both leaders have said from time to time their top ministers could do it. >> president trump has tweeted frequently that he and president xi will be the closers of this deal and will sign it. larry kudlow and commerce secretary wilbur ross both in the last 24 hours

well, on this long-term chart, you see the last high there, 1985, today's was one tick above that bertha the 85 lows and make a comeback >> yeah, it did. we are going to be closing here, it looks like, at a fresh all-time high. among the stocks making new highs today, nvidia. that's a big bounceback after some disappointing guidance from the company last week. new 52-week high, still 25% below its 2018 all-time high amazon, take a look at the difference apple and microsoft at new highs today. new historic highs amazon still about 14.5% below its all-time high. and below the radar, take a look at peloton today it actually finally climbed back above its ipo price, now at 30 bob, over to you >> flattish day, bertha, keep an eye on the big picture when you have the equal weight s&p 500 and the market cap weight s&p 500 hit new highs at the same time, we hit value and growth, hit new highs at the same time. and you've got cyclical and defensive names like tech and consumer staples hitting new highs. broad rally in the markets, even though you have a flattish day with the s&p 500, essentially

. >> bertha, thank you very much for that a reminder, a record all time closing high on the dow again today, albeit eking out a fractional gain of ten points, s&p and nasdaq were slightly lower "fast money" begins right now. >>> this is "fast money," i'm melissa lee, we have dan nathan and brian kelly. a new record for alibaba on its singles day. this stock is going to rip on earnings tomorrow. how the options market says you should play it and google may know more about you than you think. the tech giant reportedly gaining access to health records of millions of people. we break down the implications for your privacy and the stock. >>> boeing, shares taking off after the company announced it expects to resume deliveries of the 737 max as early as next month and that airlines could be able to restart commercial flights in january let's get to phil lebeau with all the details on this. >> that was a heck of a move by boeing's shares today melissa. it comes down to whether or not you buy into the latest timeline that boeing is putting out here's what it stands at right now the company sa

bertha coombs, i'm going to send it over to you. >> today here, all-time highs, health care is on paceiggest sector of the month. ultimately for big pharma with ameri merck hitting an all-time high biotech on pace for the ninth straight week of gains, part of the reason they're seeing strength in small caps and there we go on the closing bell with omaop savings bank ringing the bell and macy's thanksgiving day parade happy thanksgiving, everyone. >> santa has some serious energy welcome to the closing bell. i'm wilfred frost. >> and i'm morgan brennan in for sara eisen along with mike santoli, market commentator. >> the dow only gaining slightly because of the drag of boeing. it was still positive. s&p up .4%. >> transports were lower as for the s&p 500, 25th record close of 2019. 11th time we've seen a record close this month alone joining us to talk about the market day, josh brown from ritzholtz wealth management. thomas frost from frost & frost wealth management. mike santoli, i'll start with you. another day, another record here. >> yes it's slow momentum but it's real momentum no

signed a deal with a korean studio and then nuance trading at a four year high >> 1.4 billion to sell, bertha into the close that's why we're drooping here look at l brands so-so earnings report, infuriate quarter, a tad better than execute, up 10% on that. low expectations oil two month high nice move up in energy stocks today. there's the close bell down 50 point in the dow jones industrials average just off the lows, s&p down four. >>> good afternoon welcome into the close bell. i'm wilfred frost. >> i'm morgan brennan. >> let's check on where the markets closed down about .2 of 1% dow 55 point it was down earlier 155. split the difference s&p slightly better down 0.16% real estate the worst sector down 1.4%. energy up the best up 1.6% bucking a recent trend of selling. >> one trading day left to the week we're on pace for losses for all of the major averages as well. joining us us to talk about the market day stephanie link along with chief market strategist mike santoli i'll start with you. >> the magnitude of the news is not that significant is this stealth below the surface pull back e

index getting up to 98, hasn't closed above 98 since mid october let's go to the red paint at nasdaq, berthaery much. i'm red, too down draft led by microchip, earnings missed saying the china trade situation has caused weakness in all geographies. fang hits a new low. diamond back hit by lower prices while bloomenburg has sailed. >>> not a lot of industrials caterpillar, united technologies, all of them to the down side. stocks weak, nice rally for oil recently chevron down 1.7%. we did have nice consumer days they were okay all right overall. tyson, smuckers. there's the closing bell dow jones industrial average recovering flat on the day s&p up two >> if you're just joining us, welcome to "the closing bell." i'm wilfred frost. >> i'm morgan brennan in for sara eise in and mike santoli is joining us. >> eeking out a fractional gain, albeit less than ten basis points slight decline for the dow nasdaq down by more than a third percent. health care top of the pile. >> josh brown, ceo wealth management is along with it as well as victoria fernandez cross mart global investments. mike, after a

. >> wow >> and last but not least, happy 109th birthday to bertha little of omega, georgia, at the age about to celebrate a milestone birthday, go to today.com/celebrate and let us know. >> it's been a morning filled with surprises. >> it has. and in fact, speaking of milestone birthdays, jenna bush hager's birthday is today. happy birthday, jenna. >> 38. >> it's not really a milestone. >> could we sing a little happy birthday for jenna. >> thank you, guys. >> strike up the band. >> ♪ happy birthday to you happy birthday to you ♪ ♪ happy birthday dear jenna happy birthday to you ♪ >> thanks, you guys. happy engagement we can eat this cake together! it's going to be a great fourth hour >> this is exciting. what do you have in the 3rd hour, i don't know if you can top it. >> we got the chance to talk with the cast of "spongebob squarepants" for their 20th anniversary. i got it take part in an episode. >>> and sitting down with j.j. watt's mom connie, what she has to say about being a strict mom and advice to parents of athletes. >> and coming up on the fourth hour, we celebrate >> hoda.

bertha, closing over 8400 that's pretty solid for the nasdaq. >> we're off the highs but still seeingrticular qualcomm one of the big winners on strong volume after it beat 5g is the big driver now just about 7.5% from its 2000 all time high hit agnew high today baidu a big gainer that stock has struggled lost market share to tick tock speaking ever advertising, advertising giants alphabet today also hitting a fresh all time high. even as the other fang names like amazon, facebook and netflix still haven't taken out their 2018 highs >> couldn't figure out where we were on tariffs. so we came well off our highs. good day for banks and industrials. yield curve steepening, helping the banks overall. metal names moving up. very nicely. ak steel moved up. some of the other big metal names move up. saw some health care stocks move up like cardinal health had a good day some of the other ones tough day for gold tough day for housing stocks there's the dow jones industrial closing the day up 185 well off the highs new highs for s&p. >>> welcome to the "closing bell". i'm wilfred frost. >> i'm

out a bit, what you'll notice is expectations for any fed activity flatlined after the last meeting berthawe lost profits on the week with the nasdaq. >> we are seeing those expectations for trade progress continuing to flatline as well apple is the biggest drag here, not getting any kind of lift from president trump, touring apple manufacturing facilities in texas with tim cook meantime, take a look at biotec today. one of its rare genetic drug treatments approved by the fda, stock surging on that news net will be somewhere around 440,000. pot stocks are higher as well, one day after the senate committee voted to decriminalize pot. >> a crowd standing right behind me here, it's taken about a year but bristol-myers has finally received clearance from ftc for the acquisition. bristol-myers will be buying seljean. they got 7 million shares a day. they'll do over 100 million. that's how much volume is created when you get these kinds of acquisitions. there's the closing bell well off the highs s&p closing down 13, dow jones average down 120 >>> welcome to "closing bell," everyone i'm wilfred

the dollar index, lost a little bit of ground today, going sideways, low vol at a lofty level and bertha nasdaq is doing a sprint into the close. >> another all-time high led by tech, microsoft contributing to that today microsoft and apple together, their market caps are now bigger than the entire russell 2000 but today the small caps put in a newta-week high along with biotechs take a look at this eye-population chart chemocentrics up nearly 300% after strong results on a late stage trial for an autoimmune disease. and splunk up 8 days in a row after software hits an all-time high >> that's 24 record closes for the s&p and on track for 25. renewed confidence around trade following those comment from president trump. but it's important to know that the story does extend overseas in europe, the stock 600 also on the record watch, just 0.1% away from a new high. the brazilian stock market, 2% away keep an eye on shares of deere, set to report earnings tomorrow morning. last year they cut guidance which caused farmers delaying purchases. and here's the "closing bell." the dow, s&p, and nas

. >> so bertha, thank you very much for that.g what's happening with the s&p 500 we've lost some steam throughout the course of the day. incrementally to the down side right now, the s&p 500 currently just around floating 3141 or so as you can see here. but as the chart shows you, we have been drifting lower pretty much steadily throughout the course of the day. again, a third of a -- to the downside nothing -- again, a very light volume holiday shortened day. retailers always a big focus as we hear the cheers coming from the closing bell over here let's check out a couple of them on a relative basis on the winning side of things some people watching what's happening with cigna jewelers, one of the big winners so far today. on the downside, abercrombie and filch on that retail side of things we'll watch those shares as well and what you are hearing right there is the closing bell on this friday for this holiday shortened black friday trading day. now, here is that closing bell >>> welcome to the closing bell, everyone. >> i'm con

. >> yeah, that's right, bertha.ng to declining stocks today and we had some better volume, that we've seen on an up day 200 new highs down here at the new york stock exchange. emphasis on better economic data china, u.s., and europe. that is really the thing that moved markets forward today. big global cyclical names. united technology, new highs we had great moves incart pillar, dow, 3m. all of those big global cyclicals. defensive names were weaker today. procter & gamble has had a good run, recently. but typical of a lot of these names. down fractionally. what we need is a little more volume and next week, maybe we'll get some breakouts in some of the big individual names on the s&p 500. there's the closing bell we are going out at the highs of the day. dow jones industrial average, just shy of 300 points s&p, another record high, up 28 point points >> indeed it was another record close. it just went up, 300 do we hear 301 i'm brian sullivan in for wilfred frost. >> i'm courtney reagan in for sara eisen >> did yo

para decirnos de quÉ nos tenemos que cuidarnos acompaÑa la doctora bertha pita.inalmente, como mÁs sangre va al interior del cuerpo, los riÑones, tendemos a orinar mÁs, con mÁs frecuencia, esos son los cambios que bÁsicamente pueden ocurrir cuando tenemos demasiado frÍo. vamos hablar con la doctora. ¿cuÁles son las enfermedades que son mÁs prevalentes en esta Época y por qué? >> la enfermedad es mÁs frecuentes en esta Época, en la Época del invierno son las enfermedades respiratorias, las enfermedades cardiovasculares. >> empecemos con los ataques al corazÓn, ¿por quÉ? >> hay una relaciÓn entre el frÍo los ataques del corazÓn, esto fundamentalmente por dos mecanismos importante, la vasoconstricciÓn, el mayor trabajo del corazÓn, y el la liberaciÓn de la catecolamina, una sustancia que se libera frente al estrÉs del frÍo. en las personas que estÁn expuestas a baja temperatura, extremas, que no tienen una capacidad funcional, que no estÁn acostumbrados a hacer ejercicios, cuando tienen que hacer ejercicio extremo como paliar nieve >> la persona que usualmente no ha

. >>> bertha, thank you for that appreciate it.e dimon says the american wealth gap needs to be solved we'll bring you the details of what the bank ceo said that's coming up next. >>> still to come, what the story of two former twitter employees accused of spying for a foreign country means for the biggest names in tech. facebook's former head of security joins us with insights in just moments. stay tuned you're watching quack b"squawk cnbc ♪ ♪ ♪ ♪ ♪ ♪ ♪ >>> welcome back to "squawk box. here are some of the stories if you can tell by the music, some very important stories that we'll be talking about today moody's has turned sour on the global outlook. >> company man. >> that's me, for 2020 the credit rating agency cut its outlook from stable saying disruptive and unpredictable world politics will increase the risk tesla shares are moving higher in pre-market ratings. jeffries has raised it from 300 to 400 they're consistent with sustained profitability. blackstone group is taking a majority stake in magic glad the parent company of