let's any david nelson, the -- let's bring in david nelson to discuss all of this and how it could move the markets. the shanghai composite is up over 5% today, david. my question for you is, is this delay better to the u.s. or for china? >> look, both sides need the deal, certainly. the president could use a deal. politically, we're going into 2020. china needs a deal as well. lot of indication that's their economy is starting the roll over. their crown jewel, the economic contraction in the manufacturing sector is starting to play out. both sides need the deal. futures are up modestly. we're only up slightly this morning. lauren: we have significant questions. how long will this trade truce be delayed for? do we have a date for the summit between the two leaders? and is the fact that that might be in marla he gro mar-a-lago ay the chinese? >> i think it's a concession for both. the delay up until that meeting, the question is, what will we get out of that. i'm certain president xi will go a long way, offer a lot, perhaps more than $1 trillion to buy u.s. goods to help close the trade

david nelson is back with us as well. what is everyone looking for? >> disney plus.sed to compete with amazon, with netflix. so everyone wants to just hear details, what is it going to look like, how is it going to take on these two pretty entrenched ready to go competitors. i think also analysts are looking for information on espn. that has had some tricky numbers in the past quarter. the cable cutting thing, the fact that fewer people are watching, but yet they have actually been able to grow the revenue a little bit and some of the pay for conduits so analysts want more information. charles: it does feel like the cable cutting has slowed, the pace of the cutting has slowed a little bit. it's going to be interesting with this disney plus. do you know if they will have any non-disney content? will it be all disney? >> that's something we will be listening for. i do know bob iger said direct to consumer pretty much every 90 seconds in the last call so as far as content, and i think the other big question is what happens to hulu, because as we know, fox entertainment

we have jim awad, david nelson is back with us.gment on this three or four weeks ago. we kind of saw this coming but on the heels of that op-ed, they got so much traction, jim, it is really amazing because this is sort of the green light now for all democrats, maybe even more republicans to get on this bandwagon. >> yeah. charles: what are they thinking? what are they thinking by curtailing or limiting or restricting buybacks? what does it do for the broader economy. >> the independent intellectual logic for rubio's proposal, i'm not say i agree with it, increase capital gains rates, people who own stock have less incentive to sell it back to companies when they buy it back, increase writeoffs for companies when they make new investments put in on temporary basis in the last tax act. rubio wants to make them permanent. basically what he is trying to do incentive companies -- charles: that is rubio angle. >> that is rubio' angle. >> democratic angle is completely different. it goes far beyond this, david, before you buy back stock y

david nelson is back with us as well. is an $8.5 billion company and as of today, macy's is like $7.6 billion company. who would have thought this a year ago? >> you know, today anything can happen, charles. by the way, congratulations on owning the stock. it's been one of our holdings for a long time. cost basis around $10 a share and we think it has a lot of runway because people are buying experiences today, and amazon is the leader. you have an amazing experience when you go to amazon but think about it, sears and roebuck, kmart, we could list them. people are changing the way they want to interact. similar to financial services, we have a lot of firms not providing a great experience, and those -- we have entered the experience age. that's why etsy has done well and we think will continue to do very well. charles: not just etsy. last week, wayfair had an amazing number. i watch wayfair because every time amazon talks about getting into furnishings, the stock is hit but then comes roaring back. shopify has been phenom

david nelson, bellpointe chief strategist, don luskin, founder of trend macro. start with you. this market is absolutely on autopilot. bias to the upside. small dips we get here and there are bought almost immediately. as of friday, s&p 500, 471 stocks were up, almost 100 up more than 10%. is it too good to be true? >> it is not too good to be true. probably too good to open over next six other seven weeks than last six other seven weeks. over that terrible christmas week, you remember that one, u.s. stock market wassest it has been since 2013. remember why that was? because our fed chairman, used same word you used autopilot. mr. payne, i will have to ask you please not use that word, you will start a stock market crash. charles: autopilot could be good with market goes up, but bad if the fed is hiking rates. when it feels like we are on autopilot. when it feels like bad news is good news, good news is good news and the market has a date with destiny in this case you have to start thinking we could retest the all-time highs. >> we're pretty close. market change

let's bring in david nelson, chief trait gis strategist and . good morning. positive this week. global markets right now seem to be riding the news that there is optimism. we've got more trade talks set for beijing this week in beijing. is that enough, despite what we heard from some of the companies and their forecasts, to keep the positive momentum going for markets? >> that's a day by day issue. i'm largely positive right now. there's a couple names reporting this week and that's great. coca-cola, that's a buffet favorite. but nothing to speak of there. you're looking at bottom line growth, maybe respectable. sales growth, not so much. cheryl: we're going to hear from a few companies this week, michael. to give our viewers a couple of them will be interesting, we'll hear from lowe's today, tuesday is going to be aca activision. thursday is nvidia. there were a lot of misfires over the holiday quarter. do you think that's enough to pressure markets in general or at least that sector? >> what you're seeing with the video game makers is a lot of move to fortni

let's take a look at this issue with david nelson, chief strategist with bell point asset management.g to be a big issue for the 2020 2020 election, anothey that the democrats, i'm thinking about bernie sanders and chuck schumer to go after corporations and say you can't trust big companies, they're out for themselves. >> i think marco rubio has a better plan. he wants to level the playing field between cap gains and dividend income to maybe change corporate behavior many when you dig down, you start to realize the reasons stock is bought back, it's more sinister. it's a way for the corporation and the ceo to make their bonus and simply goose the bottom line income. but it does absolutely nothing for income. it does a absolutely nothing for sales. all you're doing is boosting earnings per share based on the share count going lower. cheryl: there's been a seed change when it comes to stock buybacks. in 2018, about a trillion dollars in stock was bought back. and we should say that one of the criticisms coming from the democratic side in particular is that this is because of the 2017 ta

let's now bring in david nelson, chief strategist at bell point asset management i think what powell did, they pointed to overseas, and that was really the biggest risk for the market you look at china. their manufacturing sectors in economic contraction europe is a rolling revolution from one country to the next germany is on the cusp of a recession. you have brexit coming up. right now that geosynchronous growth has morphed into the united states as the best house on the wlok. >> we were terrified of a slowdown 60 days ago suddenly everything is great the best start do a year since 1987 what flipped >> well, the world hasn't flipped, but the fed has flipped. that rhetoric -- >> the dofz have flown >> they have completely changed course to his credit, he understood what we saw last year. that was a policy mistake. >> he being jay powell >> jay powell made policy mistake. he reversed course, and that's unusual for the fed. they usually slow acting and they saw they made a mistake, and i applaud them for that. >> what was the mistake? >> certainly raising the interest rates in the fac

sitting at about 2.6 for the ten-year, which is right where we are right now 2.631% let's bring in david nelsontegist at bell point asset management we ran through the market stats through the month of january really impressive. got a lot of jazzed up by the fed and what the fed did for us. at least some of the commentary, forward-looking guidance what do you make of the old adage, "so goes january, so goes the rest of the year." >> i hope it's true. i like to believe that's true. we'll find out you hit on an important point. the fed was certainly the elephant in the room, and it can make or break our year for markets, and i think we can look back now, you know, and safely say that was a policy mistake, and they know it was a policy mistake because they've actually done 180 degree reversal and walked back a lot of the harsh rhetoric we're hearing the term patience, and markets have liked that, and i think what it did last year was it really took a pro-growth agenda, something like a tax cut, and actually turned it into a liability because the fed was acting for mandate that the united states ju

. >> reporter: david's uncle nelson was there. >> david was beatin' on the door and hollerin', "nelsonnelson, come quick." "somebody's killed my family." "they're all dead." "they're all dead." >> reporter: nelson dropped everything and raced over to david's garage. >> i was just dumbfounded. i was shocked, what i saw. >> reporter: david yelled at him to check on jill, his daughter, in the bronco and nelson says he made his way carefully to the vehicle. like david, he was a former state trooper and knew that crime scenes had to be preserved. >> i, i looked in the back seat and that's when i saw little jill back there. i reached back and i touched her arm or shoulders, something and i said, "jilly jilly jilly." >> you knew she was gone? >> i knew she was gone. and i said, "dave, i -- i think they're all gone, buddy." "i think they're all gone." >> reporter: david lost it. >> he actually went down to the ground, was layin' on his back and rollin' around and sayin', "why?" "why'd i have to go?" "why'd i have to go?" "why not have stayed with 'em?" >> reporter: uncle nelson managed to get

david: you have met a lot of great leaders. you have brought them together in something called the elders, the which are people like nelson mandelaers that were great leaders in their time. you were very close to nelson mandela. richard: very close. i was very lucky. for 10 years we knew each other very well. so we set up the elders, 12 incredible men and women who would go into conflicts and try to resolve conflicts. conflicts, i think, is the most important thing. because if you have a conflict, everything else breaks down. david: what is it that makes great leadership in your view? richard: i think being a really good listener is one of the key things. i think -- when i sit around and listen to the elders talk and elders' meetings, you realize why they have become elders is because they have spent their lifetime listening and absorbing and only speaking, choosing their words carefully. i think loving people -- a genuine love of everybody. and looking for the best in people, even if they are being a pain, you can normally find the best in pretty well anybody. david: so when you are a business leader, if you are a business leade

nelson cunningham is a former assistant u.s. attorney in the southern district of new york. he was also general counsel of the senate judiciary committee under then senator biden. david k. johnson is a veteran investigative journalist who has covered trump's businesses for decades. he also founded dcreport.org and is author of" it's even worse than you think: what the trump administration is doing to america." ken, kick it off for us. sdny is incredibly aggressive prosecutors, they'res incredib aggressive prosecutors that that's actually where the greatest jeopardy for donald trump lies legally? >> actually, it turns out that it truly is. even though the southern district of new york is fully a part of the justice department, they're not protected by special counsel regulations that give them nominal independence the way that mueller is. they don't have some of the protections that mueller has to be able to proceed unimpeded by interference. what we're seeing now is the southern district at its very best, which is looking at the crimes that are right before them and running straight at them to investigate them as hard as they can. it doesn't matter to them that jeffr

nelson cunningham is a former assistant u.s. attorney in the southern district of new york. he was also general counsel of the senate judiciary committee under then senator biden. david k. johnson is a veteran investigative journalist who has covered trump's businesses for decades. he also founded dcreport.org and is author of" it's even worse than you think: what the trump administration is doing to america." ken, kick it off for us. this new reporting coming in. just mentioning michael cohen and the information he may provide as we do hear some of his testimony in the upcoming days. let's start with "the times" report. >> well, i'm pleased to tell you, richard, that nbc news has confirmed some of this "new york times" reporting tonight, particularly we've confirmed the fact that michael cohen has met with and is providing information to southern district prosecutors, and some of that has to do with this donor. and we've spoken to a spokesman for zuberi tonight who confirms that there was a $100,000 consulting arrangement between zubeir and cohen and 100,000s check was written to cohen which he never caught. that's when michael cohen was holding himself out as a con

this is a quarter, check back to where nelson peltz got involved, it is a kind of a spur, they like the peltz input what is important here, davidrant group has been very weak. and yet these guys, of course, they cater to restaurants and food service they seem to be a great way to be able to play restaurants and patrons even though labor costs, mentioned even the mcdonald's call, had played havoc with the restaurants. as a matter of fact, restaurants probably had the worst price inflation of any workers and a lot of that is, frankly, minimum wage, but also there is a high correlation between immigrants and those who work in restaurants historically a lot of the jobs -- there are not enough people who want them. a lot of the jobs, i got this from of all the places, uber freight, that uber is attracting so many people, and the -- and the grubhubs, those are better jobs than working at restaurants. you're bidding that employment pool sysco may be a way to play people going out, there aren't as many people going out because of video games, domino's pizza, netflix. >> people not going out, raising labor costs, people not wanting the

ken dilanian, nelson cunningham, david k., thank you all very much. >>> coming up, every presidential campaign was asked whether they would commit to not using hacked materials in the 2020 election. every single campaign agreed. except one. guess who refused. >>> and next, since the day that donald trump declared a national emergency to extract the money from taxpayers for his border wall that he promised mexico would pay for, democrats have vowed to stop him. now they're making good on that promise. ♪ ♪ ♪ and everywhere i go ♪ there's always something to remind me ♪ ♪ of another place and time ♪ ♪ ♪ of another place and time ♪ the only network to win in all four major awards is the one more people rely on. choose america's most reliable network on the best device, iphone. now get $300 off the latest iphone. and then there's the best. we like cage free, and which ones just taste fresher and more flavorful? only eggland's best. we prefer organic, and which ones have 6 times more vitamin d and 25% less saturated fat? only eggla