back to you guys. >> dom, thanks have a great week dom mentioned lulu lemon reports earnings next weekhe stock is up 70%. how should you play it. >> let's kick it over to the yoga expert mike khouw for the call to action. >> they are not seeing me in yoga studios too often i'm not up for that. but i am interested in maybe fading the play general a little bit. and looking at a 1 x 2 put spread into earnings. as dom just discussed options are expensive. it's implying slightly over 11% move greater than average. whenever we see the implied move higher than it is it's options expensive. the other thing i'm looking at is this might be willing to get long at a lower price. although maybe considerably lower given the rally the stock had since the beginning of the year and finally, i have a proprietary metric called the holly indicator if i look at credit card statements and if i see a store on there i'm assuming that it's still in favor if i don't for the first quarter in years i actually didn't have any lulu lemon charges on the american express bill i get concerned let's take a look at lulu

the company gave upbeat guidance let's send it to dom with a look at where we stand following this year's rally, until today. >> up tun till toduntil today. four-day winning streak. if you look at the dow industrials, it's been a fairly weaker move to the sessions lows you can see, we've been trending lower for most of the session. now, a hair above where we were at the lows of the day if you take a look for the week, like i said before, a four-day winning streak heading into this right now, and you can generally see a nice move higher trend wise maybe a little bit of a rollover here we'll see if it sticks down 1% in the trade today we'll see if it stays for the week remember, on a year-to-date basis, we are trying to find our direction here we're moving to the upside remember the move lower from the highs? we were losing 10% for the dow overall. we've gotten back around 7% here is this the turnaround we're waiting for? could it be something where at least the bulls take over? right now, doesn't look so good. dow and s&p 500 are on track for the biggest one-day loss so far going back for

dom chu here with what may be next for health care dom. >> as we talk about health care overall, briane on the idea of valuations for the entire market have resized given the moves lower that we've seen. one of the things that we've seen is the overall valuation from a price to earnings perspective for many of the sectors in the s&p 500 with health care standing up because if you look at the s&p 500's overall forward price to earnings ratio, that is to say how much you pay in stock price today for every dollar of anticipated earnings next year, we're trading just shy of around 16 times that mark again, a revaluation there the health care sectors forward price to earnings ratio, it's in line with the s&p 500 now. not as growthy as some parts of the market, but still trading a valuation that's in line with the market it's lower than it has been in the past one other way to look at it for comparison sake is to take a look at how it compares to, say, technology, consumer staples, some other ones. consumer staples has been a hot sector it trades at a premium 18 to 19% forward earnings let's

it's like dom saw my notes and tim said it as well.one, slowing growth doesn't mean no growth yes, growth slowed, but you still have a significant growth there. it's not like it went away entirely number two, washls and health care pipeline. i will tell you, i think the on side and amouthe optionality, i think that changes their multiple, and we've seen this movie before let's just shown you a chart and i'll show you what we're talking about. why have we seen it before look over the last years you've seen downdrafts in the stock of this magnitude a number of times, and each time the stock has recovered. why? it's always different? it always feels bad, but they always figure it out yes, to karen's point, i think their communication, i'm no longer giving numbers was terrible, but the market will look past, that and maybe in their mind they are saying we want to get away from the hardware multiple and we want to get into a services multiple, and this is how we do it by ripping the band-aid off >> guy, i have a question for you. let's talk

guidance for the next quarter also missed expectations dom, back over to you. >> all right, frank.'s check on the markets futures accelerating a bit of their losses the dow now slated to open down by 53 points the s&p down by 9. the nasdaq really hurt by those chip stocks, down by 56 points premarket. let's bring in steve cheverone from federated investors i remember talking to many experts about whether or not it was safe to get in the markets, that was the end of october, early november, then we took another leg lower. we're seeing a bit of stability with yesterday's gains is it safe to get back in or could we see more downside ahead? >> now is not the great time to be a hero. that second leg down broke a lot of long-term support doesn't mean you will head lower, but your downside risk is a bit lower than before. the fundamentals remain good you have strong corporate earnings, economic growth remains fine inflation is benign, we have volatility and a couple key events, both the december 1st meeting with president trump and xi >> this is seasonally a strong time of the year we men

dom, thanks. >>> cnbc's global cfo survey is out.s president trump's trade standoff with china continues, global cfos are citing trade at the top of their concerns. jackie deangelis is joining us now. >> that's right, sara. the top concern factor u.s. trade policy. they're worried about it 35% said it's their main concern this quarter, when last quarter 45% were worried about consumer demand almost 75% said the impact of these policies are expected to be negative on their businesses going forward. interesting, though, when asked if they thought congress' top priority should be this in 2019, almost half of them said it should be infrastructure spending while only a quarter said it should be about trade agreements meantime, let's switch to the markets and the fed. 60% said they see a rate hike in december a little more than 40% said three hikes are on the way a notable shift here, more than half said they think the dow will fall back below 23,000. last quarter the majority were unsure the quarter before that, they were optimistic and t

, thank you dom chu. >>> we want to get a check on the markets.re rallying but off the session highs right now. dow has higher by almost 390 points and now up by 243 good for a gain of 1% the s&p 500 at a correction territory, up by 1.1% or 29 points and the nasdaq is adding 1.4% and crude is up more than 2% on the session and take a look at the movers that we're tracking at this hour zillow, surging 10% on pace toward best day since may 2017 campbell's soup down 3.5% and the company reaching a settlement with third point adding nominees to the campbell's board so that stock down by $1.43. >> the lame duck congress getting back to work today but will they be able to do something to avoid a government shutdown next month. elon muy joins us live from washington. >> well it is crunch time for congress they have ten working days left to negotiate a spending deal and prevent another government shutdown before december 7th this wouldn't be too painful congress has passed bills to fund roughly 75% of the federal government so even if there is a shutdown

where you see >> and costco, thank you chris horvers from jp morgan >> trying to erase some losses dom the floor for us today. >> good morning, carl, i chatted with one trader earlier this morning who's keeping a close eye on the early action and given all the sale pressure we saw in china we have got technology and communication services related stocks and they have been at the heart of the sell-off. that trend continues today all the s&p 500 sector are in negative territory with the biggest slackers right now they'll continue to watch those faang stock and how they perform. we are seeing general weakness in the likes of facebook and amazon and apple and alphabet.nalphabet netflix is about a third of a percent. brent crude prices hitting their lowest for the year. that's gag carry over effect in in those energy related stocks and etf, and that ticker xl xle -- of course, it is black friday, retailer very much in focus, it has not been great news for consumers you guys just mentioned those. it is the second worse performing this year with only tech we'll see the shopping holiday spirit

it was a big week for material and industrials stocks both outperforming the broader markets and domhu is here to break it down. >> as the market looks to find some kind of footing after a dismal month of october, some of the hardest ones were the sectors. both the industrials and materials sectors have been underperforming in the market, but in this past week they have been relative outperformers. materials is posting a nice little bounce back you have chemical producer dow dupont up around 11% just this week alone then mining company new mont has gained around 8% one traders have been watching as being on the front lines when it comes to stock market reaction to the china trade developments and tariffs and whatnot. it's bouncing back as well among the big winners in the sector, a bounce back for united rentals up around 15% this week. construction equipment giant caterpillar which has a lot of business in china up around 10% for the week then you've got farm equipment maker deere up around 7% now, melissa, we have not reclaimed new highs. but they are bouncing and that's probably a

dom chu is back in the newsroom to break down the moves.om >> well, melissa as the market tries to find some footing after a dismal month of october perhaps it's not a surprise that the bigger rebounds after the recent selloff have been the hardest hit sectors over the course of the past month the industrials and materials sectors have been underperforming the market but in this past week's trading they've been relative outperformers. materials is postsing a nice boundback among notable gainer you go dout dew point up 11% and mining company new mont gained 8% then the industrial side one traders have been watching on being on the front lines coming to stock market reaction to the china trade developments and tariffs and whatnot. after taking a hit in october it's a bounce a count bounce back for united rentals up 15% this woke backup construction equipment giant caterpillar with businesses in china up 10% and pen then fireman equipment maker deere up they are bouncing that's a step in the right direction can the bounces last is the question

this, dom, probably the biggest single day for brexit since the vote itself 2 1/2 years ago.ertainly the big the day for theresa may's premiership. >> wilfred, stick around come over to the desk, we want you in on this conversation. we will bring in journey stretch from skrshcibc jeremy, wilfred laid out a couple of different scenarios. a breakout to the upside on optimism, a breakout to the down side if she cannot get this sold to her cabinet what are you bracing for right now? >> i think wilfred set the scene very well. it is very much a case of whether theresa may can carry those senior government ministers with her today if she can do that, i think there is some scope forever sterling to appreciate i'm not convinced it will rally up towards that 1.32 level yet as soon as we pass this particular hurdle, and that is a fairly significant hurdle of getting an agreement by the cabinet, markets will switch focus to the parliamentary math, and that proves troublesome. and that math probably has mo gotten more problematic after the resignation of boris johnson's brother last week

spending in tech remains strong especially in software still, they remain neutral on tech for now and, dom, while the turkeys may be getting pardoned today tech remains on the chopping block. >> i see what you did there. bertha, thank you very much for that lots of other parts of the market on the chopping block so what do you do in this kind of a market environment and where are the opportunities? let's bring in kim forest a partner and senior portfolio manager at ft. pitt capital group and joe durant ladies first this environment in the marketplace is something we haven't seen for a couple of years generally speaking so where are the opportunities given this kind of selling pressure >> well, i always like to look out three to five years to give myself a nice buffer for whatever i'm buying to improve or prove out my theory on why i'm buying it and what i'm looking at is anything that could help businesses boost productivity productivity has been missing from this whole equation for the last ten years and i think given the rising wages that businesses are going to want to invest in their p

i think both -- dom laid it out perfectly by the way they have the areas of where the growth is -- you have services on the one side. you got cloud on the other side. what you want to focus on- we know there are legacy businesses that are slowing that's a fact. it's a matter of which you pick. i have to go with apple if i had to pick one. >> pick one pete that's the game. >> i know but i just added them both i reason say -- here is the. >> would you rather. >> what's the big are position. >> apple and the longest i have had of all the stock but i say this about apple interesting thing, these guys still have cash. they both have cash. apple has more. >> where do you go on the battle for the throne, guy. >> my kids were home for thanksgiving all weekend all weekend was a battle for the throne >> apple or microsoft. >> at these levels, apple. and something occurred to me last night going home in traffic. i said it's funny president trump went after boeing and lockheed martin that was the bottom in both stocks. he went after pfizer in the spring that was the bottom of that stock i'm saying

cnbc dom chu joins me now. after the president sent out the tweet threatening to cut their subsidies, we saw the stock go down. can the president literally do that? can he remove the subsidies on one specific company? >> i mean, so there's a question about whether what he can do with regard to anything in this environment right now, specifically with regard to his threat about gm, there's still a lack of clarity with regard to what subsidies he's referring to, are these the tax credits for individuals purchasing electric vehicles? if so, i mean, these are possibly things that need legislative approval to go through. so as analysts right now, not just in the auto sector, but also just with regard to legislative policy, start to take note of this, a lot of parsing of details will come out about what the possibilities are that trump could actually take action on this from a unilateral standpoint as the chief executive of this country. >> dom, let's say he had the ability to, he can't do it to just one company and

back over to you >> dom, thank you very much.sue herera who has the headlines for us hi, sue. >>> indeed, i do here is what's happening this hour, everyone the incoming chairman of the house oversight and government reform committees is pledging to be judicious with issuing subpoenas. elijah coming says even trump supporters want accountability >> even in trump country if you look at the results of this election, they're saying, we like trump, we like what he's doing, we want the congress to make him accountable >>> ford is partnering with walmart and online delivery service. testing will take place in florida's miami-dade county starting next year >>> and the christmas tree at rockefeller center is getting a beautiful new star workers started to place it on the 72-foot-tall norway spruce it was designed by daniel leibstein, the first redesign of the star since 2004. and it is beautiful. you are up to date that's the news update this hour scott, back to you >> sue, thank you very much. >>> it's been a tough year to ylan mui with

others are plunging big time our dom following the action and there's been a bounce, too, dom. >> there has been a bounce at one point bitcoin was down worse than now and the alternative coins were down by much more. take a look at the reason why it's point bitcoin the largest and most high-profile of the crypto currencies for the longest time about a couple months now you can see here in this little square bitcoin price have is done relatively nothing even with the move lower, they are still relatively stable. this is the biggest move lower that we've seen in quite some time it put a little bit of fear back into the marketplace for the people who have been long the crypto currencies. the reason why it's important is because it's not the worst performer. the reason they are lower on the day is because there is something called -- it's a hard fork, a software change that will affect bit coin cash in particular and bitcoin cash will go through this process that could by some theories debase the value of the alternative coin some of the coins are down even worse than what bitcoin is for so

dom chu has more on how historic, i guess, how it's behaved. what have you got, dom?n the premarket trade and they are weaker in chinese trading as well if you take a look at how many singles day events alibaba has had since it went public, back in 2014 we've had now four of them -- singles days b baba's on average down 2% on singles day. and they've traded negative all four times so maybe not the best way to go into it, although, again, small sample size. baba's also been negative 75% of the time singles day at least for now not the best place to go about putting money to work. although you can say maybe it goes on sale one other place to look in the context of chinese internet is how poorly they've done. we know the u.s. internet stocks have been hammered over the course of the past month or so take a look at the gap in difference and performance meanwhile, that gap is now widening again that's something to watch for remember that krane shares is down about 37% since its highs earlier this year. meanwhile, this down only about 12%. triple the losses from its highs.

thanks, dom. appreciate it. >>> for more on the markets, let's bring in ryan payne of payne capital management and our guest host is ian hepherdson guys, welcome to both of you ryan, let's talk about november. new slate, first trading day of the month. what do you think happens from here do we put october behind us? are these wobbles around to stay for good reason? >> i think correction typically has a bottoming process. we've seen a lot of days up. a lot of days down so antidotally my retail clients last week did panic a bit. >> is that a good thing or a bad thing? >> that's a good sign. i would think that could mark the bottom because when people get panicky, that's usually a bullish sign >> you think that the reason you're optimistic about things is because of earnings and because of the economy, correct? >> i like to keep it simple. i'm from philadelphia, we keep it simple there. earnings, if you look at it, we had a great quarter for earnings almost 8 out of 10 companies beat expectations. lo

let's go to dom with a look at how far we've come from the october lows and what's moving us there >> con tes have a, great points about the market action. remember for the subpoena subpoena the broader markets, we've seen broader moves that have gotten back half at least, if not more of the losses we've sustained since record highs down through the turmoil lows in october. if you look at the s&p 500 j, right here in this area we fell by around 11% only to rally up by around 8% from those levels there. we've gotten back a good chunk of the losses. on the nasdaq composite, we're seeing the moves from the record highs we saw here all the way down to the october lows we were down around 15% on an intraday basis all of a sudden we've gotten back around 9% from the lows there. with the nasdaq and s&p, more than half of those losses, recouped we'll see if the momentum can stay to the up side. what got us here materials and consumer discretionary. we're using that to represent them it's the best performing sectors since the lows we saw earlier on during the month of october, the crisis areas

. >> dom, thank you very much. time' tyler matheson the action driving today's drop, about a 460-point drop for the dow, goldman and the financials big drivers. bob pisani joins us from the floor of the new york stock exchange hi, bob. >> reporter: the big story a tech valuation reset at apple, one of their suppliers, lumentum which makes optical components for apple products talking about a lower demand for one of its principle suppliers. everyone is assuming that is apple. you could see the other suppliers for apple, corvo, cirrus logic, jabil trading to the downside we've had a valuation reset, which is what i'm calling it again today. you see everything down 2%, 3% or 4%. what is going on the market issues right now. number one in my mind is the tech valuation reset i don't know where that will end up but that's number one that we've got. number two is the trade war. is the trade war going to continue into 2019 or are we going to see a true sometime the end of the month, maybe we don't get tariffs in the beginn

and jackie deangelis on crude's collapse dom, we begin with you and the growing pessimism apparentlyers >> there are fund managers by bank of america, merrill lynch are becoming increasingly pessimistic about the investment environment. and this pretty much encapsulates their view of things this is from michael hartnett. he's the bank of america avalanche plch chief investment strategist he says that we remain bearish as investor positioning does not yet signal the big low in asset markets. that may not be a good sign. we can see more weakness ahead based on his view, michael hartnett at b of a the fund manager survey looks at a few different things but here are some of the highlights there cash balances actually fall. that's a bullish sign. that means on the pullback managers deploy month cash buying cheaper prices in the month of october that may be a good sign. nearly 1/3 of all of the respondents in the survey say that the market has actually peaked maybe not a good sign there. also around 44% of respondents actually say that they see global growth decelerating overt course of th

they're about to close in europe let's get to dom chu at hq with the european close. >> david, you cans are generally positive across the atlantic with fractional gains in major forces led by the daks, which is up over a percent in germany. european shares a bit of a rebound with apple suppliers in focus. among them ams which plunged yesterday on concerns of possibly slowing apple iphone demand iqe also in that apple supply chain, was higher earlier. shares of bayer, they had better than expected profits after sales of a cardiovascular drug weaker results in animal health unit and number of plaintiffs looking for damages from the roundup weed killer are dragging that down. and big part of the uk story is uncertainty over brexit. howard davies told cnbc tuesday that the uk risks a slow down to the economy if the uncertainty continues. british banks bounlsed today after being hit hard yesterday with global market selloff certainly banks to watch back to you. >> thanks, dom >>> straight ahead a relatively volatility session after yesterday's 600 point loss, boeing among the biggest dow la

back to you guys >> dom chu thank you. >>> let's get to sue herera for a news update. hey, sue. >> good morning, morgan. good morning, everyone here is what's happening at this hour president trump joining leaders of mexico and canada to sign a revised north american trade deal on the sidelines of the g20 summit the president praised the new pact >> this changes the trade landscape forever and this is an agreement that first and foremost benefits working people, something of great importance to all three of us here today >>> ukranian officials announcing a travel ban, and searching the home of an influential cleric of russian orthodox church. they say the cleric is suspected of inciting hatred. >>> in california, first the wildfires, now the flooding. evacuation orders issued for northern california region devastated by the camp fire. they fear it will loosen vegetation and cause mud slides. >> our hearts and thoughts out to those folks. >> absolutely. it is terrible >> thank you. >>> when we return, microsoft versus apple facebook buying opportunity and when to get in

sense out there, 12-day stretch of losses for crude snapped, we're seeing weakness take over again >> domd here in these parts, as they say, they have gotten so used to these volatile swings in oil. 120 a few years ago, down to 30, back to 100, back down now all the talk is on something else, it's on natural gas, but also lng, liquefied natural gas. it will be a big day today on cnbc, it's a big investment. we do not talk about that lightly because they are launching the first ever pure ship lo shipload from the lower 48 of liquefied natural gas from cheniere energy. if you don't know about lng, this is what you need to know. this will be potentially the biggest global energy shift in 10, 20 years we have 1$100 billion in investment that is in the united states already you have shale boom, that's oil, but when you drill for oil, you kick off natural gas it's tied to that. new china ties, we talk about a trade war with china most of this lng will go to china. that will mitigate some trade issues, and a lot of people fear russia's influence we start shipping them natural gas, that could cha

and to i brought in dom -- so i brought in dom and a couple of my guys, and i just wanted to say, hey, i want to let you know how i'm seeing this through my own particular lens. and i thought we needed to do an independent study of roles and missions of joint missile defense. and this is really aside from the ever-awaiting still missile defense review that we're still waiting. i think this is something that we really couldn't lead from a service -- more like an independent study, okay? you get some disinterested personnel out there or a body of work that can put together some type of analysis and assessment. we're not there yet, but right before i left over the summer, i started kind of drawing up this conversation. and what i also didn't want to do is say, okay, it's too small, and we can't do this anymore, and we only have a couple focus areas. that's not the point. the point was at some point in time, we needed to bring this to the fore front. i figured we could come up with a couple vep venues out there to kind of keep this conversation going. as tom indicated up front. i just wan

i don't know >> i think water's $20 in some places all right, dom chu. should be -- you know, tiger's back phil, didn't he win a tournament he did pretty well ryder cup was not great for phil. >> no. but he had the wgc in mexico and tiger won the championship >> all right, dom. you know, it's the friday after thanksgiving we're allowed to do this right? >> sure. >> thanks, dom >> i'm just a guest here >>> coming up, protecting yourself while online shopping this holiday season. the head of cisco's threat intelligence team joins us pen we'll hear from alan questrom "squawk box" rb light back and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. this is the ibm blockchain, built for smarter business. a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning

but a norse yes lums guinea who got me so again me want to be a full of doms shows me fixed bumps. silly me. trying to import most of our wood shots yani anyway i was a dud somewhere before the macho would tumble all night anyway. to make me sound was a joke what on four legs six months he'd be. able to get walk on be any gonzo but not going to make beer buzz. big plus bored all so all mildly odd to me you know when no one has a family to death bed and decrease teen waste to get more. jock than the other guy he sako me no more than a forty five morning gusty morning deano to last a queer bed big. ben was uniting but. each got. me to abuse in dumpy shows me shows i mean the show was a quad to me two more no please on saw my munchie me high b.p. i believe you know i meant to hold souls told i show you how to be like these about the brother took a moment of silence. i enjoy bringing my neighbors my neighbors children so they can see and get more calls the more five children are at the heart of america's love affair with weapons back at them their mom makes a report on christy and thei

dom, thank you so much >>> let's talk about shares of nvidia falling 30% since hitting an all-time high back on october 2nd. now susquehanna says it's time to buy the stock they upgrade nvidia to positive. they put a $230 price target on the stock. it is worth noting, of course, that they've cut their price target from $250 it's not all positive there. guys, what do you make of this jon, pete, one of you take a shot they say they think the odds of a guidance miss are high however, the implied valuation discounts are excessively severe >> well, i think, scott, this is a pretty good example of exactly what we were talking about when i was mentioning about the blow-out that you look for it came down to roughly that $185ish level a couple times now in the last two or three weeks, guys and when it did, it did so on big volume both times and then bounced. so, in other words, was that the washout after a 30% swoon that we've seen, judge, and now this is a relatively modest upgrade as far as taking the price target at $230 the stock is up $12 today and pushing through $200 so i don't think that

. >> i'm watching dom chu. >> the bigger picture is the world economy which is the continuing tensionith china. 25% tariffs are going into effect. we'll see what happens. >> everyone is trying to get that. chuck robins spoke on mad money. every hedgefund has said late cycle which means you own nothing and should be short. i can tell everybody -- what value is that? everyone should be short. >> you are really casual today. >> robins talked to you about tariffs, something that wal-mart cfo has echoed. listen to what robins told jim last night on "mad money." >> we didn't see any difference in the momentum before we did that and the momentum after that in the quarter. obviously, we would prefer that the tariffs don't get increased to 25% january. my belief has been once we get through the mid terms that the administration would begin to focus on this. we are beginning to hear positive sound bytes around this. i'm optimistic that we will get to some resolution. >> some positive sound bytes. >> eight percent revenue is very strong. that was a reference. marlon brando said that. >> thank yo

. >> i want to bring in dom chu. reporting that president trump is going to meet with his trade team today and he wants to talk tariffs on european automakers. we know the president is not happy with manual macron. he feels angry. he feels slighted. especially after macron's stark comments against nationalism, calling nationalism the opposite of patriotism. >> the idea right now is, you know, josh mentioned the idea that trade -- i mean the idea that earnings and the overall market environment is driven by those particular instances. earnings are the most important thing. the geopolitical thing is noise in the grander scheme of things. it is one of the things that's cited most often by people we speak to on our air. the idea that trade and tariffs could be one of the biggest overhangs out there. the issue could be whether there's some kind of room for a bipartisan approach to trade and tariffs if the president is able to do it with places like japan or south korea. the real sticking point is going to be china. probab

, thank you dom chu. >>> when we come back, health care in a post-election world.he split government means for the future of health care policy. >>> a quick programming note, don't miss our exclusive interview with p&g ceo david taylor we'll be live from cincinnati tomorrow his company's investor day is tonight. "squawk on the street" will be right back right baalpha seems more elusive today. is it because so many go after it the same way, chasing after short-term returns? instead if getting caught up with the crowd, the investment managers at pgim take a long term view. uncovering opportunities for alpha across public and private markets, while anticipating unforeseen risk, has powered our rise to a top ten global asset manager. partner with pgim. the global investment management businesses of prudential financial, inc. the global investment management businesses of [ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience

dom chu is looking at individual winners and losers. >> david, beyond the bigger themes, we wanted toallot measures having key impacts on the markets. on the medical side of things we have shares of davita which are soaring. there was a ballot measure in california talking about capping the amount of money being spent on dialysis patients the ballot decision boosting shares of fresenius medical care meanwhile, colorado voters rejected a measure calling for bigger distances between oil and gas drilling operations and public spaces. that's a move some opponents have said would have limited the supply of new wells coming to market src energy up 16%, anadarko up 7%, noble 5%, dcp midstream up 10% as well. and we're talking about cannabis stocks those particular names are moving to the upside as well till ray, canopy growth, cronos group. 5% 2,% 3,% missouri provided a boost saying they were going to vote yes on medical marijuana, also names moving higher you can see those as well. a lot of sentiment building for state measures aimed at the marijuana industry. >> dom, thank you. >>> when w

dom. >> sure, david as we talk about why the markets have stalled it has to do with trend lines in therall markets. after that big upside move that we saw yesterday, we are now kind of coming up on the downside trend line here which is why this area 2750 is a key focal point for a lot. assuming this does somehow get taken out to the upside a lot of traders will watch these areas here because they represent the last attempts we try to make at record highs after the october lows those levels stand just at around 2815 as well and keeping a close eye on what's happening elsewhere. if you take a look at what's happening with the crude oil trade we lost 30% of the value of some of these crude oil prices 33 at this point right now if we are in these statistically rare oversold situations we will keep an eye on whether crude can bounce, of course, december 6th and 7th, opec plus meeting will be a key focus there russia may be indicating some signs it could be looking to participate in production cuts also looking in the macro side of things, as well checking out what's happening with ten-year

an many, >>> our top story this morning it's election day and for many today aesz vote say rev ren domdency. mr. trump made a final pitch last night in missouri. he visited 8 states in 11 days using a hard lined immigration push and what some. 35 senate seats are in place. republicans look to hold on to the senate with a narrow lead. democrats hope to regain control of the house. it would take a net gain of 23 seats. the first polls close at 6:00 p.m. eastern sxfrnlts dover air force base in delaware where the remains of brent taylor arrived from afghanistan. the mayor of north ogden in utah was killed saturday. john blackstone has more. >> in north ogden, utah the to town's all-in mayor. >> there's really no words to express the loss we feel. >> major brent taylor with the public servant committed to military service. four times he deployed to afghanistan. he was one of 15,000 u.s. troops still serving in afghanistan. a war that has raged for 17 years. he posted this on facebook before his latest deployment. >> ours is a small sacrifice compared to what so many throughout our nation's

>>dom, thank you very much uptown now to bertha coombs, at the nasdaq almost 4% losses? the big loss take a look at the russell 200, down 2% for the week, and really leading the gains today. we have chips today, a -- just edging out of the -- but the big gra drag, has yesterday to demp a -- close out. >>> thank you, bertha. >>> sue herera has a news update. >> hello, everyone tijuana's mayor has declared a humanitarian crisis and is requesting aid from the united nations. about 5,000 central american migrants fleeing violence and poverty arrived in the mexican border city last week. they are hoping to eventually make it into the united states u.s. border inspectors have been processing only about 100 asylum claims a day at tijuana's main crossing to san diego. president trump threatened yesterday to shut down the entire boardrder into the u.s. >>> there is word that john allen chau wanted to bring christianity to the island >>> bermuda upheld its earlier court ruling it was made after the governor challenged it. >>> the vatican welcoming today a 64-foot christmas tree th

dom chu's tracking the momentum names which are getting crushed. >> this market is all about momentumit comes down to is what goes up does come down. first off, you got chips. nvidia down more than 8% today following nearly 50% from its recent highs near the start of october. square, another major momentum name down more than 30% from its recent highs as well. you got adobe also, down more than 8% today after a run-up for much of this year's well and you've got sales force.com entering what some traders are calling bear market territory. that stock today hitting its lowest level since may also on pace right now for its worst day since february 2016, the falls have been even harder for some of the bigger momentum names. we'll take a look at those fang stocks later on this hour. >> thank you. >>> major averages extending their losses following new housing data. home builder confidence dropping sharply this month but shares of the big home builder moving higher in today's big selloff. diana olick here with some of the numbers. hi, di. >> reporter: builder sentiment had been the one posit

a slight increase in the december probability where did we get that, dom from the idea that he is saying we need to get carb desh desh we have more rate likes to go a slight decline in june all we have on the horizon is a single hike baked in for next year now we debate to do one in october. what does that mean? let's call that 1.5 for next year what did the fed survey show a couple weeks ago 2 and 3. the number was 2.5 we baked out one quarter-point increase bee still my beating heart if that's worth the 500 points on the dow appear and let's listen to the chairman about neutral here. >> interest rates are still low by historical standards and remain just below the range of estimates of that level that would be neutral for the economy. that is neither speeding up nor slowing down growth. >> there is bill dudley next to the chairman, the former head of the new york fed remember, the thing that got everybody excited back in october was we're a long way from neutral now just below -- it's like saying the same thing. >> no it's not -- how -- how is that -- how is that almost the same thing

in end, amari cooper, two touchdowns, 180 yards receiving that dom nalted the game.nal, dallas 31, washington 23. there was more last night. the night cap right here on nbc. saints-falcons and big easy. drew breeshrew for four touchdowns to lead the hottest team in the nfl right now. to their tenth consecutive ctory. new orleans defense held atlants tot 26 yards rushing and had sacks.on high six final score super dome saints 31, falcons 17. een and american man has rescued safely from off the coast of australia. after spending 12 hours adrift when his boat hipsized. and morning he is crediting a key piece of equipment for hiy relatiwift rescue. we get the latest details now from nbc's sarah harmon in london. good morning. >> good morning to you. and what an amazing story. levi was a s freerited hawaiian living his dream, sailing alone in the boat off the coast of australia for the past three years. but things go the scary fast when that boat started t take on water. >> i noticed the boat slowing down. and i went out on deck and was a hatch cover missing allowing wate

believe with my head and my heart that this is a decision in the best interest of our ngtire united dom: at least 50 people are dead and hundreds more missing in the california fires whh have left a trail of devastation. >> this was my bedroom, this was her bedroom. back there is the kitchen. it is scorched earth. it is gone. and deja vu in florida. two decades after a recount decided the presidency, another race is under scrutiny. welcome to our viewers on public television in america and around the globe. britain is one step closer to leaving the european union tonight following a crucial cabinet meeting. the british prime minister says she has the support of her ministers for a draft agreement paving the way for brexit. theresa may says her cabinet agreed it was in the nation's best interest to move forward with the deal. she will make a statement to parliament tomorrow. let's hear some of her statement. prime min. may: i firmlyhe belie that draft withdrawal agreement was the best that could be negotiated and ca was for the binet to decide whether to move on. the choices were difficu

back over to you >> dom, thank you.ith the earnings theme western union, fell short of what the street was expecting. ji joining us is the ceo. thanks for being here today. >> thank you. >> can you explain what happened with the revenue coming in light? >> revenue is not in big change. digital business has grown very well we are now in 50 countries with our digital business sending money to 200 countries we pretty much cover the world we're expanding that one our digital growth is very strong our retail money transfer growth has been strong. in some countries we've been slower like in the middle east but we have the strong growth also in europe our u.s. domestic business has been slower than we thought. and generally i would say that very stable, solid quarter and we are very excited about the future >> all right let's talk about a couple of the places where you saw slower growth than you anticipated. u.s. domestic. what caused that, do you think >> u.s. domestic definitely there has been some competitive environment. n

dom chu has the market reaction covered.ertha coombs watching the impact of results on health care stocks steve liesman will tell us what last night means for the economy. and aditi roy will join us on the movement we're seeing today in pot stocks. but we'll kick things off with dom. >> some of the big movers we've been telling you about all the way up until the election last night the last couple of weeks have focused on things like health care, defense, consumer spending, that sort of thing let's take a look at what's happening with the ishares aerospace etf. this has been rallying the last week and a half or so off of some lows from the turmoil that we've seen over the course of the october month there. but all of a sudden we're seeing a little bit of a move to the downside here. the reason why, perhaps this idea that defense is still in play but we are hitting an area of resistance in the marketplace. $201.44 is the trade there that's the 200-day moving average for that stock it came up there and backed off sense. but de

what's enough and it's as if it existed and he owns out some of the moment if i deem it was a good dom it does the d.m.v. office or supports even just as this isn't the as in for life i seem to alone is on going up and then the good thing is not as their goals this big. doesn't on on the one on ones from on on on on us most of us think some research of us is and desert evokes some from one of us it will spend. that money on and for the. politicians to. put themselves on the line. to get accepted or rejected. so what you want to express. want to be rich. but you going to be close it's like that before three of the people. interested always in the water. the ship. could move through the streets of the space while. i look for something. in the course of business with the most of. these names with. a lot of fellows a lot of shall bust out albums i am. not . the case in that book i know and that can be a bios to look at them out on the funniest diplo is most of it's own for most of the show such as the flu and so almost playroom you were doing in. the book. i've been saying the numbers mean

by and sponsorship i worked for twenty two or twenty three years or dom so today you know what i tell myself is i didn't work all that long i didn't pay into the system all that lone knowledge so shut up be happy with what you have this managed if i compare myself to those who worked for forty years or more that i really can't complain sister it is but it's still too little it's way too little idea all and what this means is that people who work for so many years are living under the poverty line college a job almost shit since eloquent socialising i don't have money for that so there's lots of things on offer but everything costs money as i was but. as a show you excluded from society yes excluded from society. law. vivica has this is it important for you not to let people see how little money you have. zero waste very important it is the most important why the well my children health and so on. but no. that's nobody's business. but one more you need to earn admiration pity you get for free i don't want that for you. being a jerk shot doesn't go to the food bank the bus trip there is

and dom, good morning. >> good morning.fter the 2016 elections, we know how much polling may be a little more suspect with regard to outcomes and whatnot. but we want to look at just some of the conventional wisdom about how things can shape up. according to predict it, right now the general consensus, it's just generally about a two-thirds probability, we'll call it, that the democratic control goes to the house and the gop retains control of the senate and right now the gop house and gop senate keeping both controlled is about a one-third, we'll call it. obviously those markets kind of move a bit as we get closer to the election if you look at some of the scenarios that could play out, if we do get a democratic controlled house and a democratic controlled senate, the general feeling is the overall market would be somewhat bearish on that particular outcome. again, we don't know exactly how that's going to play out given the fact that many people thought president trump getting elected would be bearish for the overall econ

i don't know, dom. warn me on this yesterday it was the composite's worst day since it fell 4% some of those losses, i was looking at facebook and others kind of a sickening feeling watching it happen, dom. >> yeah, in realtime watching the billions come off just second by second. and to your point here, if you look at the nasdaq composite, many are going to argue it's been the epicenter of the recent downturn if you're looking for is the most oversold of those indices. we're going to do this in percentage terms just so you can see the juxtaposition. facebook already 40% below its record high levels back to july 25 that's $250 billion in lost market value that's roughly the size of wells fargo disappearing amazon, a quarter value lost since its highs on september 4th. that's around $255 billion in lost market value. that's roughly the size of pfizer disappearing. apple down 20% since its record high october 3rd that records $222 billion lost in market value. that's the size of at&t disappearing alphabet

married his schoolteacher she is twenty five years his senior now that means the first lady of france my dom and the german chancellor frau merkel are about the same age give or take a year when mr and mrs merkel spent much of the weekend together in france commemorating the one hundredth anniversary of the end of the first world war and on sunday both leaders had a chance to mingle with the public and the seamless set for a lovely case of mistaken identity. i mean i thought it was a phenomenal one but that was the opening going hate when you know what it will be consequently much money. will come to me let me just put the old fogies up one hundred one hundred a minute and then they've got five thousand of them because of. it off on the sign off and now i write well you know they don't know that i put it away from the fund go away i don't want i'm going to i think i'm going to come on my own i think that maybe for me if i want to go to one of my comments was you going for a month and you know not going to the mine you know it would snow for me if i did i mean you never know what. forget the

gold medal in the bars and a quick mention for dom cunningham british interests at the gymnastics inthe fall. he was .009 away from picking up a metal. he finished in fourth and he was really disappointed but also really pleased with his performance. i think that will give him confidence going into 2019 in 2020. beth, thank you very much. bmx supercross has been part of the olympics since 2008, but come the next games there'll be a new discipline — freestyle bmx. it's been included to boost tokyo 2020's youth appeal and britain's leading contender isjersey rider alex coleborn. leading contender is jersey rider alex colborn. nick hope reports. we have never seen anything at the olympics quite like this. riding gives you freedom and outside world and you just do what you love. i love the progression and when the new tricks and when pull it, you're buzzing. there is no otherfeeling. freestyle bmx and amongst a group of new urban events including skateboarding and three on three basketball which will make 0lympic debuts at tokyo 2020. it's an attempt to entice new younger fans to the gam

that does what mike was hoping the board doesn't run from on the rise of the god of this company this dom is going to going to go through the. woods as the three that is up on him to see it's just a little bribing them proprietary software you don't know the source code isn't that a such a security risk when you have a black box operating in the public eye to microsoft dependency puts governments under a cyber threat and not only that i think office can put us in more on that song because softness of the sense of this is selling this is also clearly one of the more vocal almost like the wall in the midst of all of this all of those with all these and all this in the arsenals of the home study done with the all business stopped and there was listing of all the as a fund is up and describes in the fine. you know world of big partisan move a lot for us and conspiracy it's time to wake up to dig deeper to hit the stories that midstream media refuses to tell more than ever we need to be smart or we need to stop slamming the door on the back and shouting past each other it's tolerance for criti

billion packages expected and that's just ten years after alibaba created this holiday to separate single dom. in 2009 gross merchandise volume or gmv was $8 million. last year $25 billion. and this year evan says will be the biggest yet. but guys there could be headwinds for alibaba, the slowing china economy. and rising competition from smaller ecommerce place like jd.com appear pink dudua who performed alliance was 10 cent and these factors also dampen sentiment among investors ahead of the woke. according to the data don't hold your breath for a pop after the week no matter how big the headline gmv numbers are. the shares traded nfrgtly on all singles day or the first trading days after single day since becoming a public company. a month lower alibaba trades lower 75% of the time underperforming the s&p. >> thank you not good odds in terms of the stock. but a lot of people will look at the numbers come monday and trying to extrapolate this if for the chinese economy which could affect sentiment in the broader markets. >> these guys just reported and weak nips in the number. they had downg