that graphic said pop the dom, not dom chu. >>> let's kick off the second half of the show with all the to know. frank holland has that >>> starbucks plans to expand coffee delivery in the u.s. through a partnership with uber eats the company will grow its delivery service in china. those announcements coming at starbucks investor day where the company also trimmed its long-term annual growth earning target from 12% to 10% we'll hear from the ceos of starbucks and uber today at 9:00 a.m. eastern and 6:00 p.m. >>> lvmh is expanding its empire striking a deal to buy luxury hotel group belmond for 2.6 billion. it will pay $25 a share, a 40% premium to yesterday's closing price. belmond owns more than 40 hotels, restaurants, river cruise ships and trains. shares of lvmh are down in paris, belmond is trading up 40%. >>> costco is unpressure the warehouse club reporting better than expected first quarter earning obsers on a jumn same-store sales brian, back over to you. >> i have to tell you, that lvmh/bell mondmond days. those are european names, but it's like macy's buying hilton totally ch

>> i think that's a good point, dom.w this peak in the stocks but i don't know that means we saw the peak in the spending and the sales yet. we actually had a pretty good earnings release report quarter for a lot of those retailers in november so that was before the holiday season started i know what you're talking about with mr. cornell and we asked him that again do you still think it's this strong he said he hasn't seen a change and that was at the end of october. jan makes a good point if we see this breaking, it will be at the high point that is the consumer that you see that correlation with. when the stock market starts to pull back. that is the spending that you see fall the luxury the higher-end spender we sent cameras out to a number of cities and talked to consumers and saying have you paid teenattention to the marken we didn't find a single person that said, yes most people said i can't even remember what i bought earlier in the season. i am still buying more and have a budget but inevitably i go above it at

back over to you guys. >> dom, thanks >>> and dom mentioned lululemon does report next week. that stock is up around 70% this year so how should you play it? let's kick it over to the yoga expert, michael khouw, for the call of action. >> i don't think they'll see me in yoga studios too often, but i'm interested maybe in fading that whole play general here a little bit we're looking at a one by two put spread of lulu going into earnings first of all, as dom just discussed, options are expensive. it's actually implying a slightly over 11% move that's higher than it usually is and the other thing i'm looking at here, this is a name i'm willing to get long. at a lower price although it might have to be a considerably lower price given the rally that the stock has had since the beginning of the year. and finally, i have a proprietary metric called the holly index or indicator i look at my credit card statements if i see a store on there that i'm basically i'm assuming that's still in favor and if i don't, for the first quarter in years i didn't have any lululemon charges on the a

dom? >> eunice yoon, thank you for that update. >>> let's bring in craig johnson from piper jaffray as we talk about the cross currents happening now we see it playing out with the volatile trade in stocks lower than the record highs. what's the price action telling you about what this does for the overall bull trend we've seen since the depths of the financial crisis back in 2009? >> great question. we think the secular bull market is still happening, but we will be corralling this at 2500 on the low end. for an objective we're looking at 2725. as we paint by the numbers we are getting substantially more 26-week new lows on the market than new highs we're continuing to see there's a low percentage of stocks still above the 200-day moving average. when we get these low numbers we usually get to a final flush from our perspective we think we'll get a final flush in the market that will take the s&p down to 2500, 2580 at that time we'll be washed out. reconfirming support and setting ourselv

kyle smith doms are 7-1. doms on a run. 21-19 usf. this one was all done. franky ferraro with the steal. appropriate. then charlesland. pass, laid it in. 79-60, the final. beat the sharks in the first period. sno barkley goodrow capitalizes. sharks up 1-0. sharks on the power play, kevin labanc gives it to marsh hertl. fi it takes six players to find t >>> kimmel's next with jennifer aniston. >> tv's number one daily viral video show, "right this minute." when a bus driver simply moves something out of the road, a biker steps in. >> i'll finish the job. >> see the start of a beautiful relationship. >> yeah. >> he's making his ladies a gift of a lifetime. the place she'll finally see it is just as breathtaking. >> a tough shot against the harlem globe trotter. >> he's ready to go. >> the moment of truth. >> shawn trying out for the globetrotters. >> a returning marine poses for family photos. the distraction technique that hid one happy surprise. >> rush hour in the philippines. the guy on the scooter here, it is his first day. he's picking his way through t

. >> dom, they just let us into the ministerial meeting.o every opec minister in the world is here the saudis draw in the most, khalid al falih here this is the most intriguing and unusual meeting in years here's why everybody is focused on cuts if you want the number, the consensus is we could get a cut of 1.2 million to 1.4 million barrels per day. canada is offline by 300,000 if we don't get a cut some traders i've been speaking with think oil could drop to the low 40s or high 30s. you have qatar saying they're leaving the organization they say it's because of natural gas, but it's more of a political move designed to send a message. iraq is here iraq -- let's go down and see iraq if we can iraq is here because there's a thought they will not cut. they won't agree to anything 92% of iraq's revenue comes from oil. they need the money. they don't have a sovereign wealth fund. they need to continue to produce oil. they're at 4.6 million barrels per day. you can see them all here, all the different country journalists, about 200 journalists

dom? >> a big story with implications on the u.s./china trade negotiations thank you for following that for us >>> america's biggest ceos sounding off on trade turmoil with china here's what they told becky quick at yesterday's business roundtabl roundtable >> i'm encouraged by the dialogue we heard. i think both president trump and president xi are motivated to find a solution. >> it's a minor issue for some companies, but a big issue for others they have to change supply lines, make investments different. >> i hear from many different parties positive discussion that there is a way forward here to work through this 90-day period with china i'm cautiously glad to hear what i heard about those things >> a lot of people, myself included, say we see clouds on the horizon. those clouds are derivatives of trade discussions. >> creates uncertainty as it relates to pricing it causes us to think about where we want to source from we buy more merchandise made in the u.s. by far here than anywhere else. china is second on that list we worry a

. >> dom took everybody to practice. >> when?don't want to talk about. >> when did dom take everybody to breakfast i wasn't invited. >> that's the trend that's happening right now. >>> flights out of gatwick airport. >> dom, i'm on to you. >> well, flights in and out of london's gatwick airport have been suspended for hours, and it's not because of storms like the ones we're expecting in the u.s., it's because two drones were spotted in gatwick's airspace, so far authorities have not been able to ground the drones or even find out who's flying them. this is the second busiest airport in london. imagine jfk or laguardia being shut down here, a mess busy holiday travel season as well >> some idiot with a drone unbelievable. >>> next story, okay, google, remind me of a classic christmas movie. google teamed up with macaulay culkin in its newest ad called home alone again the ad shows a now 38-year-old culkin reprizing his role as kevin mccallister all grown up and using google's features to celebrate the holidays and keep burglars a

how did the no more himself come to talk about alliance in twenty fourteen else dom's purchase today. if you don't know how to. tweak. me on. all said. the former minister had forgotten that the person in charge of that agreement was himself. fair. you should bomb dong was going up to new for both b.c. he did i see joy that he says i want to ask you about it this is i mean. there are no more to bargain sists however that the agreement reached did provide real leeway it could be any books reporting the only live year is ask. me a few hundred more are the phones out there who leave the early to walk maybe even potty on every measure and you go. buffet my proposal. as if you are no money bugg succeeded in obtaining two prerogatives the partial nationalization of alstom would first of all from twenty eighteen onward allow the state to block the total sale of energy related activities then concerning nuclear activities the state maintained its sovereignty through a right of veto but france has never used either of these two shields today dom's website no longer mentions energy sector activ

the moment they set foot on american soil so much so that dom's director of legal affairs urges company managers not to travel to the united states strangely patrick cronin remains welcome tonight to news is false and use a simple ordeal would look like to mom in france however patrick runs astonishing ability to enter and leave the united states on hindered is raising eyebrows he's questioned by m.p. jack ma at the french national assembly. hall. yeah. because most fifty year. sure sutton on the cement be. a tank it surely sure sure sure sure like his junk sure. sure yes this is. the question thank you to the more they. do something more that afic works as well as a transceiver. spec but no proof i'm going to buy a community. you surely can't ship. and on the other commodity today patrick runs a vase of makes more sense to. it it is so that it on the over be accurate. enough you know money goes the place you're safe allowed dish out of the economy social issues and at this hour doc will see postulate a total manali medicare bonaire merica a lot louder in a many other that if asked do.

the moment they set foot on american soil so much so that else dom's director of legal affairs urges company managers not to travel to the united states strangely patrick cronin remains welcome tonight to news yes and use a simple ordeal would look like tomorrow in france however patrick runs astonishing ability to enter and leave the united states on hindered is raising eyebrows he's questioned by m.p. jack ma at the french national assembly. hall last fifteen. or so. economists fifty year. sure saturn on the earth just cements be. a tank it surely sure sure sure sure like this joan sure. sure nuff says. the question i think it is the more they. do something more there are fake works as well as a conceivable. spec but no proof i'm going to buy a community. you surely can't ship. and on the other commodity today patrick runs of a savant makes more sense to. it at emmel is so that it on the over be accurate. l.f. you know money goes. a place you're safe allowed this shot of the commie socialist . and at this hour the quo city postulate a total manali medicare bonaire merica. last many

felix, dom, thank you., after testifying for a total of six hours on friday, that's a lot of answers, former fbi director jim comey sits down. why he says trump should not be impeached. hello mom. amanda's mom's appointment just got rescheduled - for today. amanda needs right at home. our customized care plans provide as much - or as little help - as her mom requires. whether it's a ride to the doctor or help around the house. oh, of course! tom, i am really sorry. i've gotta go. look, call right at home. get the right care. right at home. you get the price match guarantee. so if you find your room at a lower rate, hilton is like... we're gonna match that rate and give you an extra 25% off. what would travel sites do if you found a different price? that's not my problem, it's your problem. book at hilton.com and get the hilton price match guarantee. with retirement planning and advice for what you need today and tomorrow. because when you're with fidelity, there's nothing to stop you from moving forward. bu

back to you. >> dom, have a agreed weekend.arks a golden opportunity to buy the yellow metal. he's back to break it down >> gold is defensive some people think it's stupid has barberous relic it has a place in the investment landscape let's look at a couple of charts we know what's going on in various equity etf fixed income instruments. this is the shy, short-term one to three-year bonds has all the hallmarks to a bearish and bull reversal the 150-day moving average is starting to flatten. the longer term, the tlt is also -- that's shy -- the first is tlt also starting to bottom and turn let's look at gold what we know is the same thing this is all very developmental that would be the world rather the than impetuous an impetuous mood is quickly down trend which means you can fail but when you move deliberately and bottom like this then it starts to ultimately turn into something that's actually quite positive and that's my bet on gold here now, a few things. here is gold back for the lows of 1990s the well defined tension righ

dom chu in the newsroom. few high dividend names that could help you pump up your name carter breaks it all down. >> hey, thanks look at some sort of really long-term charts and fee cuss on two names, one quite good, one bad but staying away from utilities as picks because it's obvious, yes i like them both so this is since the 1990 recession. 28-year chart. we all know the importance of compounding. you've got the s&p here. and you've got the total return with dividends reinvested, basically a double now what if i add the following, now take a look? you've got here the s&p 500 dividend aristocrats index well established, old line companies that have paid quarterly dividends and make every attempt to raise those dividends. this really speaks to the power of total return and yield. with that, let's look at a few things that are sort of obvious here top chart is the utilities over the past two years and the bottom chart is relative performance. obviously in a bullish phase a defensive heir will do this. what's

man, oh, man, dom. the world should we expect from the markets today and what exactly is driving it? >> we got from markets today at least a saturday, stephanie, a nice up day. although need about another 30 or 40 points on the up side from here just to get back half of what we lost in yesterday's session. let alone what happened friday. this just speaks to the market sentiment we're seeing now play out. that is a sense of more pessimism. not panic. just more pessimism. we're about 13 or 12 -- at this point, 12%, 13% away from record highs in the s&p 500. uncertainty with trade policy, something we'll keep a gloclosee on. whether or not that can stick this time around. >> josh, a methods to his madness. day in, day out look at it realtime we say it's nonsense. is there a chance it's working? stay with me. how long has it been? a month now? he's attacking, attacking jerome powell. does not want rates raised. forever people said, jerome powell won't listen to you. fed is independent. think about the last

let's get to dom chu for a market flash on biotechs >> getting hit hard. the spyder etf now down more than 4.5%. that fund is down more than 30% from its 52-week high that hit back in mid-may. this etf, the xbi, has now fallen nearly 20% since the start of 2018, which makes it on pace for its worst year since the fund's inception in 2006 worth noting biotechs in the broader health care space under pressure for the last week after the texas judge ruled that the affordable care act is unconstitutional the health care sector dipped briefly into a pullback earlier this week. >> interesting you brought up the xbi. it is the big cap biotechs that are doing much better than the smaller ones the ibb is doing better. >> and again, like you said, this is the equal weighted one kind of a broader look >> all right dom, thanks. >>> when the father of index funds says there's too much money in index funds, you should pay attention. he's not the only one sounding the alarm on passive investing are th rht 'ldetehat next closing bell. (sighs) i hate missing out missing out

. >> good for the doms, their game saturday against sanford is sold out.is season. more on this a little bit later on in this newscast. >>> coming up, mystery lights over the . we are checking leads on the potential source. >>> a plunge on wall street after the federal reserve did but investors feared most. >>> this is in obama -like move. >> the president orders all troops out of syria and republicans warned this is a serious mistake. >>> more now on the breaking news we have been checking leads on these mystery lights over the bay area, we have new video to share with you. this was video just posted to twitter. if you look towards the center of the screen you see that light. we have been getting dozens of pictures from viewers across the region. it looks like a smoke trail of sorts. it is glowing. we have learned the lights are not coming from a rocket launch at the air force base. the rocket was supposed to launch their today but it has been scrapped we are told. it is a classified launch but it never happened, they say. here is video of the light. judg

thanks, dom. >>> nearly six months after intel cfo bob swan was appointed interim ceo, i sat down withew on the latest interview of fort knox, protecting intellectual property he says intel has been meticulous about protecting ip i said does that mean the trump administration doesn't need to push china hard for intel's sake here's what he said. >> we're comfortable with a global facilitation of policies that facilitate global trade, and we have a large market prenls and strong relationships with customers in china. and we want to ensure that policies help us continue to operate in the way we have become accustomed to over time at the same time, we think protection of ip is extremely important, whether it's policy or regulation or things we can control and technology we developed, that's always been an important part of our company and will be going forward. >> swan told me intel's top executives specifically told the board six plus months ago not to feel rushed in the ceo search. that said, he doesn't expect the search to take six more months >> sometimes crisis will pull teams apart o

like 21, an old guy in the navy and a year or so later discharged in september of 45 from the navy, 58 dom bat missions during year-old war 2 in which he was awarded. the distinguished flying cross. you don't get much better than three flying medals. the president union station was awarded to the ship where she was a member of a number of years. that's one heck of a record for a guy who signed up as a seaman second class at the able of 18 and three years later he finishes up after flying all those issues and 21. i was thinking what i was doing at 21. i wasn't doing this and looking forward to going into the navy in active duty on which mcobtain, can off or officers presiding was the wing man and the senator from arizona many numbers of years. i never met george bush when he was active duty or the navy. i wasn't born. my dad served with him with the same kind of duty and they spent a lot of times in airplanes. dad was deleef split steady officer. starting at the age of 18 the navy took over and provided him with exceptional leadership thraining. i'd like to thank some others of us including

doms on a run. 21-19 usf. this one was all done. franky ferraro with the steal. appropriate. laid it in. 79-60, the final. beat the sharks in the first period. sno barkley goodrow capitalizes. sharks up 1-0. sharks on the power play, kevin labanc gives it to marsh hertl. fires the puck and it takes six players to find the >> dicky: from hollywood, it's "jimmy kimmel live"! tonight, jennifer aniston, chris elliott and bridey elliott, plus music from rita ora. and now, watch this, jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi. thank you very much. very nice. i'm jimmy, i'm the host of the show. thank you for watching, thanks for coming. it's great to have youine. yoing us.gl y i positive mood because it wa

bob pisani, dom chu, seema mody are watching things for today's trade.osh lipton is about to speak with oracle ceo mark hurd in a few moments, following the company's earnings surge >>> first up, we start with the market rally i know you have been net constructive here. did the weakness monday and rally today, is it giving you any kind of all clear? >> i think that would come sometime in early 2019 the reason is we need resolution on both the rates front and trade front, and maybe the fed wants to soothe things down, but on the trade front there's no clarity. until we have that, the up trend in the market cannot be very sustainable. >> has the market graduated from trade political concerns to overall slowdown concerns? or would clarity on the trade front be enough? >> i think that's absolutely true i think the market sentiment today is meaningfully different than september and october, and the expectation that we are facing recession, which is being built in in our view is just not correct. i think in the new year as we get closer to a more robust econom

dom chu is at hq to track how energy fare this had year.way bet for so many, dom. >> you're right. you were looking at your charts of the year. the pain trading in energy have been very limited. wti crude has been fallen. about 25%. that's a huge deal but even just from the highs that we saw in october here, we are now down around 40% on wti crude so that pain train in oil very much one of those themes in 2018. we'll see if it continues into 2019. one other place to look at is the relative performance of energy stocks to the overall s&p 500. look at that performance gap that we can see between the s&p 500 energy sector and the overall s&p 500 about 14%. that percentage point in gap there. that's also something to watch as well and the other one that we'll watch as well here for this particular chart is the oil majors. exxon and chevron because on a relative basis they held up okay compared to the rest of the energy complex. as we finish off exxonmobil trading about 24% below its recent 52 week high and chevron just about 19%. all hovering a

back downtown to you >> sue herera, thank you >>> and it is that time for the european close dom has action >> some key markets around the world are closed in observance of the new year's eve holiday, germany and itry to name a couple other markets had an abbreviated tradie ining session like the uk france and spain were among those open today things finished off positive with france up over a percent. spain up about a half a percent and in the u.k., just marichally lower on the day today wraps up a trading year that's been tough for european stocks the wider benchmark euro stocks 600 is down around 13% thin the u.k., finishes around 12%. the dax in germany down around 18% for the year and france off by about 11% as well global trade, economic slowdown concerns all those things we just talkeded about in the 2019 playbook will carry into next year, so a lot of key factors will be b driving that european underperformance we'll see if it can play catch up to the u.s. markets back to you. >> we'll see thank you. >>> when we return, the best and worst tech stocks of 2018. which name rose

dom, thank you.st think briefly about what dom said right there, in play trade war, interest rates, tariffs, all of this in play. s&p down 2.7% on the year. i think back to laura lee trump on fox who said "everyone knows it was president trump who turned the economy around." laura, please join me. i'd love to you help me understand. i don't fall into that everyone knows category. next, the full size and scope of russian interference in the 2016 election. it was even more than we thought. . report makes one thing clear, quote, all of the messaging clearly sought to benefit the republican party and specifically donald trump. s. ancestrydna was able to tell me where my father's family came from in columbia. they pinpointed the columbian and ecuador region and then there's a whole new andean region. that was incredibly exciting because i really didn't know that. it just brings it home how deep my roots are and it connects me to them, and to their spirit, and to their history. this holiday, give the gift

i want to bring in dom chu and . we might neat a correction. sometimes it's a buying opportunity. i don't see a buying opportunity. >> if you like where the markets were a week and a half ago, you'll love where they are now. we're cheaper than we were back then. the issue comes down to whether or not the same things driving the market downside since the beginning of october are still in play. you mentioned the arrest in canada at the u.s.' behest. that's what will drive more tension in the marketplace. pundits will say this, this does not signal some kind of trade truce happening. add on to that lower oil prices which is not as good for the american worker who's tied to the oil and gas industry. we're the biggest producer of oil in the world now. none of those things really resolved. it's not as if many feel it will be a straight path to the downside but they feel there are reasons to be a little more risk averse. it's not to say there aren't opportunities for those who have the tolerance to take back on risk. >> josh, you call this the year no one made money. walk me through this

dom chew hu has more >> and consumer discretionary stocks are still outperforming the broader marketo far this year the sector is slightly down on a year to date basis compared to the 4 plus percent drop in the s&p 500. discretion flaer is ary is in ae for the second worst performing sector energy is the worst by a pretty big margin as things stand, nearly 90% of the consumer discretionary sector in the s&p 500 is down. this quarter to date but even as the spats hce has ge crush, you take macy's, still up 19% on the year. tjx is down around 20 percent this quarter, but still up for 2018 and lulu lemm plunged nearly 30%%, but up an impressive 50% since then and target now slightly negative on the year, but still managing in in relative and all of this with consumer confidence still up. so are they already pricing in a possible pullback by consumers next year or will they reverse course >> and dom mentioned target mitting tmitl hitting low levels >> and i always look to valuation first. and so that is one of my favorite things about target here p.e. ratio, it has been so much higher, b

>>> apple receiving another downgrade this morning from hsbc, taking the stock down to holdfrom buy domhu has more >> that's right. we're talking about apple, it is one of the most influential stocks in the marketplace. the hsbc downgrade weighing down the shares one of the price targets is that 200 level. that's where hsbc is seeing that they say it is too levered to the iphone and maybe phone sales are slowing. as we talk about apple, we have been talking about market values at apple, amazon and microsoft are showing the past few days because each of these stocks is trying to vie to be the biggest publicly traded in the world microsoft, biggest company out there, $858 billion, 857 at apple. amazon, 853. watching that play up closely as well also, with regard to the yield curve and flattening, the difference on two year and ten year bonds, you can see here, lowest level since back to 2007. we're just at 12 or 13 basis points as yield curves play out in the marketplace, the place we see it play out very well is in regional banking stocks. those stocks have been holding up relatively wel

. : dom didn't see anything wrong with the polish section. >> what are you doing here?you doing over there? weren't tothat you play with those children. i told you that you were to stay in your own backyard. tom, you are a very bad boy. told -- do asyour you are told, understand? stay away from those polocks. there are no good. no good. officetle man at the becomes a big man at home, the voice of authority, authority , darkening0 times sunshine. home becomes a place of rules and regulations, too much discipline and not enough life. ♪ knife?hat my play. and doctor: a takes time, but the pattern develops. no chance to work off his aggressions normally, he finds other ways, ways to get even with parents who hold to tie day rain on him. eiorrea rt too tight on him.ie datoo tight a rein salty, hemmed in, unsure of himself. wanting to feel superior to pete zenwiids like lubov, funny names, but they can shoot a bb gun all right. well, who can't? >> let me try. doctor: i'm better than the dump mb polocks any day of the week. >> i could have a bb gun if i wanted one. >> then why

has he dom in before? >> reporter: he landed back in san diego christmas night and sdored the -- discovered the things he's missing, including a class ring and watches. >> taking sentimental items is -- i don't know the word for it. heart wrenching. gut wrenching. >> reporter: he believes the thief didn't come in and out of the front door. >> there was never an entrance or exit from those doors. >> reporter: for him, that's a huge part of this leaving him rattled. >> i don't feel safe or secure. >> reporter: he's hoping someone will recognize the thief and turn him into police. >> i feel bad for the guy for not having family who wants to bring him in on christmas eve. p gichts -- gifts. it's important to know the policy to take the stress out of the process. many retailers will only let you return a gift until the first or second week of january and some companies won't take back an item if it was on sale. other stores extended the return period. some stores with the lenient policies include nordstrom and

. >> i want to bring in cnbc market reporter dom chu.o with me, the chief economic correspondent for axios. and corey choppy, for the international institute for strategic studies. this trade war. jpmorgan put it out. what china has offered is the same thing they basically offered months ago and the united states said no deal, this isn't good enough. for me, it is unclear what we are so excited about today. if all they said is let's wait 90 days and now we're excited about something we turned down months ago? i don't get it. why does the market love it so much? >> the market loves it but the market loves it to the tune of 400 points on the dow at least for the time being which is around 1.5% overall. this is not a stock market that has surged 1,015 points because of a done deal with regard to trade tensions. ma enoughen mentioned kicking the can down the road during that interview on cnbc earlier this morning. that's the phrase i've heard so much this morning. the idea this is a pause. even with this pause there are not a lot of details

they could be the next market heroes back over to you >> hey, dom.rying to figure out how to think about all of this. i guess part of it is maybe these stocks returned from the battering that they're getting maybe part of the story is also we can't find anybody else every time you looked at the financials for that, they fall apart. >> and the financials have been one of those sectors when i first got into the business, it was always the conventional wisdom that they had to lead the leg higher because they were the biggest weighted sectors out there with some of the changes between communications and technology, maybe they are those two sectors are the most important ones out there. but financials have been a value story for such a long time post-financial crisis. and there just doesn't seem to be a catalyst to get them out of their function they've been range bound for some time. of course they've been really weak over the course of the past month or two yes, financials are probably important to this overall scheme, but the largest companies out ther

dom, back to you >> joumanna bercetche with the latest from the european trade, thank you very much forhat. >>> the global selloff fueled in part by escalating trade tensions between the u.s. and china. we're getting fresh reaction from china's commerce ministry let's get to eunice yoon live in beijing with the latest. >> thanks so much. china says it is confident about the prospects of a trade deal in a statement on its website the chinese xhercommerce ministry sd beijing would work quickly to implement specific issues already agreed on as both sides actively promote the negotiations within the 90-day timetable. china's confidence comes after president trump amped up the rhetoric and uncertainty after tweeting we are either going to have a real deal with china or no deal at all, at which point we will be charging major tariffs in a separate tweet he described himself as tariff man. chinese officials have been confused and irritated by the white house claims, and a lot of that irritation has been showing up in the state media. for example, u.s. treasury secretary steven mnuchin had said

joining me now, cnbc reporter dom chu and ron insana. to say the media harps on things, it's only negative. i'll sh i'll share something put out by jpmorgan. they write it doesn't seem like anything was agreed to at the dinner. and white house officials are contorting themselves into pretzels to reconcile trump's tweets which seem, if not completely fabricated, then grossly exaggerated with reality. this is from jpmorgan. >> it speaks to many of the things it we've been speaking about and elsewhere around the news media. this idea we're still looking for clarity exactly and what happened at the g-20 and what exactly will happen going forward. the issue now is whether the white house, the president of the united states and his first trade negotiators and advisers can get on the same page with regard to what they're telling everybody out there. it's also telling wall street and everybody else that china has to answer and xi jinping. right now, we thought from larry kudlow, the senior economic adviser for donald trump, that the 90 day windo

back at hq with a look at why the new boss of the next rally will likely be the same as the old boss dom so traders are watching for a number of key stocks to make moves higher to be the leadership and assume that position for the next leg of the market higher if one were to come if you take a look at stocks like amazon or apple or microsoft, there's a reason why many traders are focused so intently on those. that's because they are among the leaders of that run to record highs will they be the leadership for the next leg if you look at the s&p 500, a handful of very large cap names have been powering the gains between the year to date period through october 3rd, near those record highs, microsoft shares have gained 35%, a gigantic company moving not far to the upside apple up 37%, nvidia, amazon an netflix. as we look at the old bosses to become the new bosses, howard silverblack points out that the year-to-date returns of the s&p 500 through the month of november, 42% of those gains just these three stocks alone, microsoft, apple and amazon. meet the new bosses, same as the old bosses

dom chu has a look at some of the big movers dom? >> i've been listening to this discussion one of the other intended or unintended consequences with this huawei news, to joe's point, how many people are out there thinking they want to buy a zte or huawei phone at this point? this could put a damp on demand for huawei, maybe that's the reason for going after huawei in this particular way, because maybe there could be security risks, maybe they're not big players on the stable front that many think they are. with all of that in mind, we talk about these foreign companies. let's bring it back down to the u.s. markets and u.s. companies. many of the stocks and companies tied more closely to china, whether that's fair or unfair on a relative basis, companies with a good amount of exposure to china are taking it on the chin. boeing in the premarket trade, off by 3.10% caterpillar, another stock with exposure to china from a revenue basis, off by 3.33%. apple, a lot of sales in the greater china region, they're off by 2.5% as well. we're w

dom chu. >>> joining us right now to talk more about the markets is james lou.t clearnomics. also eric knudsson eric, i want to start with you and get your feeling about what's happening with this market because it's been hit after hit after hit. you think we are getting to the end of that? or would you just be sitting on the sidelines at this point? >> so we are moving towards being overweight global equities we want to do that earlier in the new year we're looking selectively at this point, but there's so much technically driven and sentiment driven selling going on right now and lack of liquidity that we want to be cautious between now and the end of the year. >> when you say global, does that include -- -- everything else was down. guess what you know, some of the other areas overseas that actually kind of caught up to the u.s. on the debt side. we're now including the u.s. as being part of the opportunity set because we think markets have gone too far in rerating global growth and reassessing global liquidity >> so you are right now neutral? on your way to

bob pisani, seema mode and dom chu at headquarters looking at moves in treasuries and financials bob, let's start with you and what's happening with stocks. >> better than 2% move i think it's important just to review what chairman powell said this was a dovish statement by any stretch of the imagination he lowered the growth and inflation expectations, the 2019 hikes came down from three to two. the neutral rate came from 2.8% from 3%. put up that full screen, so those are dovish statements, and then i think he went further in the press conference he came out and said there is significant uncertainty about the path of any further rate increase that says we're not sure what's going to happen, and then he said our forecast is going to change if the data changes that's as data dependant as it gets there are concerns about quantitative tightening and i think a lot of problems that we have now are technical problems. you see the dow jones industrial average, this would be a new low for the year if we close 23,533. that was the old closing low that was back in march at the same time, let's

. >> you got that one right, dom. >>> the scene is set down here, the countdown on, some want the fed to nudge rates higher to normalize in central bank parlance, others including the president and a couple of the voices you heard want rates to say where they are les they become an impediment to growth let's discuss that, we're joined by greg ipp and michael farr president of farr, miller and washington, he is a cnbc contributor. guys, welcome. >> thank you. >> i'm going to ask you, greg, what you think the fed should do based on two things, one is what the economic data are saying, the other is what the markets are telling the fed. what should the fed do today >> the economic data is fairly clear that the case for raising rates is pretty strong i mean, we just saw strong home sales data for november today, we had strong retail sales the committee is performing exactly as the fed expected. now, they are expecting a slowdown next year from what was an unsustainable pace in 2018, so they're not that alarmed that some numbers do point to a slow koun that's supposed to happen. it has to h

. >> thank you, dom, great to have you on the show. one of the hardest working men reporters. >> i know you did that because you wanted to engage in conversation to let people know that he actually is live. >> i'm here. >> he always is. >> i don't exactly -- i don't know what you're talking about we have more time today. i thought i'd engage. >> great to have you guy. >> it's a market sell rof. >> great to have you too. >> you got, guys >> dom chu are the transports signaling more trouble for the broader market if you still believe in dow theory i don't know, do you, tim? >> injury it's a useful theory to apply to markets especially considering growth and the transports are the place we often look to rails to get a feel for what's going on below the trenches in the case of fedex and ups, the amazon thing is overdone if you consider the akregs of at any time to fedex earnings it's not even priced in it's 16 times. this is a $300 stock in this environment probably doesn't change at 16 times even at 14 times it's worth owning. >> i think

dom?tors, the world over dealing with concerns about emerging crude and possibly key demands in parts of the market that's lead the s&p sector down toward the bottom of the barrel. you've got 1.0 covering it other stocks in positive territory. as a result, you have exchange rated funds as some of the underperformers in the overall scheme of things the spider s&p 500 ticker. it's lost over a quarter of its value since it hit back on may 22nd you've got the spider s&p 500 etf ticker falling by 40%. the vanek vectors services etf it's lost over half of its value since its high on may 22nd worthy of note, every stock in this sector has pulled back by 20% except for chevron which is down only 18%. exxonmobil is down 23% will that trend of outperformance from the oil major stocks like chevron and exxon continue in 2019 those oil prices very much a huge focus and, scott, they will be for the oil. major traders as well. back over to you. >> domino, thank you dom chu. we'll give you a check of the

their team look a lot more stable having a lot of injuries you can see how hard we worked magazine dom of course we know we can play football but now we know how to defend which is why we're seeing more clean sheets. of them so happy conclusion to the year at least for by and meanwhile that previous mishaps have made this season and is out come the most open in quite a while to define and hit the ground running in the new year things could get very exciting now let's look at a team who was one spot below them. braman lined up before getting the perch it was a meeting of two very different clubs. forced against night. the similar their. backgrounds celebrated by the fans that are worlds apart. when brahmins coach florian called felt shook hands with his counterpart he might have sought we also want to be a club where everything is possible and a bright future beckons. those said his club will never have to worry about trifling issues like relegation. but on saturday braman were very much a match for life saying instead of parking at bus the visitors took the game to their host. shooting

sovereignty through a right of veto but france has never used either of these two shields today else dom'swebsite no longer mentions energy sector activity and general electric's makes no reference to the joint ventures. logo was taken off factory buildings and replaced by general electric signs. the alliance never really came into existence. the next year now dawn. may. when the time came to seal. government representatives met at the. present agreed to put conditions on the sale emanuel then assistant secretary of the elisei is unconditionally campaigning for general electric and is not in a position to intervene legitimately this is not a controlled economy this is not venezuela the next day. welcomes the final agreement. to a new. negus yes you're. going to meet someone at all we do. is. when charles many two months later emanuel macron replaced arnold want to bug at the ministry of a con of burg vanishes with him now seems free to sell its whole energy business. what might the consequences of that purchase be for fifty years france has invested in nuclear power and now has fifty eight