dom chu is breaking it down back at headquarters., dom. >> oh, what a recovery it's been, melissa, after the carnage on christmas eve the s&p 500 has risen in v-shaped fashion and gained 14% from that near term bottom that's what the average s&p 500 return is for a member stock during that time as well there are outperformers and underperformers. let's focus on manufactusome of that have sat out the recent rally. other retailers have sat out like macy's, which is down around 9% during that span, thanks to disappointing results from the holiday shopping center numont mining down 8% because of its big stock and cash purchase of gold corp altria is underperforming but up a percent as investors take stock of the future, not just tobacco, but vaping trends and cannabis delta airlines up after an up-and-down ride for shareholders given concerns for future guidance. those are a sampling of some of the underperformers as traders try to evaluate whether some companies and stocks are better positioned to catch up to the market's reechbcent run

good morning, dom. top and on the bottom line revenue for the fourth quarter came in at $16.9 billion the other crucial metric i was watching was user growth, and that came in line with expectations facebook saying 2.7 billion people now use facebook, instagr instagram, what's app, and messenger every month. julia borestein sat down with the coo sheryl sandberg, and here's what she said about the strong numbers coming in despite the year of scandal for the company. >> i think one of the questions that people have for us is we are making such big investments in safety and security can we make those investments while people continue to use our products and while we continue to grow our business i think this quarter shows that we can do both >> in that interview she also defended a facebook research app that apple said yesterday violated its policies. sandberg saying users went through a rigorous consent flow before using the app now, of course, facebook revenue is expected to slow as it spends more money

>> dom, i absolutely think that's true.s said that there's about .1% impact on economic growth for each week that the shutdown continues. it's the small businesses, lunch places that are also affected, and i think there's not enough attention being paid to that it is really worrisome >> michael, we've heard reports now that more and more applications or demand have been out there to tap people's retirement funds from a hardship standpoint is that something that you are seeing play out, and how dangerous could that be for those workers who are trying to, in essence, raid their retirement accounts to help bridge the gap because they can't make ends meet right now >> yeah, that's something that really should be a very, very last resort. people should try to do everything they can not to touch that money because, as you said, you know, there are penalties and taxes that come into play. there's actually some legislation that has been batted around on the hill that is being thought about to be introduced to allow federal workers

dom machineful to mal ma dom rose mary decardiofor her briefing. mr. president, we have no doubt that today's meeting has been called by the mesh delegation with only one pepper -- purpose, to continue destabilizing the ituation in venezuela by imposing our own approaches. is another element the united states to affect regime change. we're regretful that the united states is involving the security council. however, since we have met today, we would like to share with you our principal views on what is taking place. leapt us be absolutely honest. the topic of today's meeting is not at all the situation in venezuela, as your organizers are trying to present it. today the way, today council is clearly divided on this issue. today we are examining, unfortunately, the most typical case of what is called threat to international peace and security creed by the athlete of a use of force. the authors of the u.n. charters and by the way, among those authors, one of the main authors were the united states. tried to save the world from , included of events this wa

retrievers because they're less intimidating dom, back to you >> frances, as the owner of two floppy-eared dogs, i like all dogs, pointy or floppy-eared >> all of the above. >>> here comes the fallout from that apple bombshell at least one of the first ones analysts downgrading apple to a neutral rating from a buy from macquaire. they say we're late but we can no longer recommend apple. ourfears about the iphone have been confirmed and the other shoe is about to drop on services growth. they took down their target price by $39, down to $149 per share. >>> coming up next, currencies krau crushed. apple's rare warning hitting the currency market. we'll show you how and why there were the big moves that's aerft we come back on "worldwide exchange.

. >>> dom chu has a look at the market scenarios investors can expect for either outcome on today's vote as well >> there are market expectations what the default outcome will be you heard him talk about theresa may, the prime minister's proposal will be voted down. but just what reactions could be is up to interpretation. let's look at some opinions out there about the forecast, what could happen in certain scenarios. john wraith talks about what happens if it is approved, not a likely scenario, but still, what could happen in that scenario. there could be recovery in corporate investment, that may be a positive thing. accelerated earnings growth and boost in consumption arise in the pound, and front end yields that's one take. what happens in the default scenario if we do not get something that happened today with regard to theresa may's proposal look at this scenario. eric nelson, wells fargo, expected outcome as parliament

so, why >>> the countdown is on to the super bowl and those big ads, why quiet may be the new loud, dom, which i would love some quiet on super bowl sunday turn down the noise. >> oh, come on, it's the biggest game in america for goodness saks kelly, talk about the down day for the overall markets. earlier today we were down about 400 points, only down 365 right now. but the s&p looked poise today snap a three will have day winning streak, watch those trades play out in the afternoon session. one of the big movers today on the macro side of things, crude oil down by 4%, off the worst levels of the session right now. this is fears over demand because of slowdowns in china and also the u.s. may be globally speaking, ways and of course supply concern after baker hughes wig counts last week on friday showed a boost to the number of active rigs. nvidia, the stock of the day, down 15%, weighing on the entire semiconductor industry group, that stock lower because it's preannouncing its kwourt quarter revenues will be lower than they thought they previously were, it reports earnings on february

dom, thank you >>> welcome to "the exchange." i'm kelly, vans. and markets are worrying after those better than expected reports. plus the adp report shows a healthy gain 213,000 private sector jobs added last month we'll see what the official jobs tally says in a couple days. and stocks shrugging off another weak housing report. pending home sales last month down nearly 10% from a year before a lot less negativity from companies today. bob pisani is at the nyse with more on that bob? >> kelly, what a difference a day makes. earlier this week, we were dealing with poor 2019 guidance from whirlpool and 3m and lo lockheed martin and harley-davidson. now apple's not so bad report and guidance from companies like boeing, amd and chips and anthem in health care, for example. they've all helped buoy the markets today. it wasn't all perfect. juniper and tupperware provided disappointing guidance and are paying the price overall the problem now is, we are bumping up against the high end of the trading range the markets are pricing in not just okay earnin

back to you. >> dom, thank you. >>> as the rally continues, earnings have started to roll in investors have one issue on their minds. where is the guidance? bob pisani has more. >> it's all about 2019 and the important thing right now is, even as the markets are starting to recover, the numbers have started to come down for 2019 and that's a good thing. how far is the question. back on early october, we were expecting 10% earnings growth in the s&p 500. that's for 2019. today, december 19th, down 7.9% and today, look, 6.8 you see a steady decline a little more than you normally get. slower global growth, fed concerns, tariffs. that's made the market volatile. look just at the guidance we've been getting here today. a lot of bad news is priced into the market skyworks is lower. lennar said we're not going to give you 2019 guidance if this would have happened six months ago, the stock would have been down big time a lot of bad news priced in a lot of these stocks. constellation still a big surprise guidance was poor. their wine and spirits sales was a miss but the bottom line is basicall

i'm dom chu.wing yesterday's big sell-off futures pointing to a higher open, and we are hovering right around the highs of the session premarket for those futures trading. s&p futures indicating a 6-point higher open at regular cash trading. the dow jones up by about 93 points, and the nasdaq up by just around 20 on the treasury side of things, we are seeing a slight uptick to what's happening with ten-year treasury yields. ten-year u.s. treasury notes yielding 2.75, just shy of 2.76%. the two-year, 2.6% on the oil side of things, a little bit of stability there as well $53.47 that's almost a full percent to the up side. ice brent crude futures, you can see they're up by a full percent as well. $62.07 we will have much more on the markets in just a moment, but, first, to another big newsmaker this morning let's send it out to sarah eisen in davos, switzerland. over to you, sarah >> good morning, dom joining me this morning is jim fitterling, the ceo of dow chemical >> nice to be here zoo we are ac

we're seeing activision blizzard off about 1.7% dom, back over to you. >> an spergintegral part of tha f.a.n.g. trade. >>> shares of gaming stocks today were all down sharply in hong kong on a weaker outlook for revenue in january this comes after the sector last year ended on a strong note. demand continues to rebound following a prolonged slump. but analysts expect revenue this month to be flat and february to be up in the mid to single high single digits, partly due to the timing of the chinese new year holiday. wynn macau down more than 5% today. >>> we are all over this early morning selloff on this first trading day of 2019. everything you need to have on your radar before the opening bell, that's next. >>> and oil under pressure prices sliding last year, what's in store for the energy markets for the new year >>> and how all the washington buzz could impact your portfolio. stick with us, "worldwide exchange" will be back after this break thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in

dom, thanks.e final hour of trading for the first day of 2019, the final hour has been crazy. will the big swings we've seen in the last hour carry over into the new year >>> plus we'll have a bull/bear debate on tesla. the stock today is plunging on those disappointing q4 deliveries we'll see if this is the year tulyakhort sellers on tesla acal me their case "squawk alley" coming up next. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choi

to the city of dom any ideas coming up coming out about how we can clean space well many ideas and many ideas that sound and so i speak to they involve arms or lasers but the most promising one is maybe the one we saw in the animation it involved in that so we would shoot a set alight into orbit which deploys the net there it's much like fishing actually and it would fish like a big parts and direct them to the earth's atmosphere where they would burn up in a controlled manner the test was done last year and of last year and it was actually successful at how much risk from space junk well the risk is real because there's about seven hundred fifty thousand objects larger than one centimeter in science earth right now one centimeter might not sound like much it's much like this coffee being right here but if this is an ever to beat off a volatile for the thousand kilometers are us and it's raising towards you or something it will have a lot of impact it's much like a hand grenade basically so if it's strikes set alight for example the whole system would go down g.p.s. wouldn't work any mo

back to you. >> dom chu, thank you for bringing that to us.has been a volatility stock >>> turning back to kara swisher, howard schultz, former starbucks ceo telling 60 minutes he is considering a run for president in 2020. take a listen. >> i am seriously thinking of running for president. i will run as a centrist independent, outside the two party system >> kara, back in 2017 you tweeted response to an axios article saying bob iger may run in 2020. guessing howard schultz would throw his hat into the ring as well turns out looking at this, your prediction may be coming true. what do you think? >> i didn't think bob was going to run at all, he said that to me several times i know howard pretty well when he was running starbucks, met him a long, long time ago. you know, he sent me some thoughtful, we had some thoughtful exchanges about the issue and i think he cares deeply about this country. it is difficult to come from an independent position without one of the major parties, so i don't know about that. not sure if he just wants conversation

. >> dom, thank you. here we are in the middle of the busiest week for earnings in this cycle and just about 24 hours away from that big fed decision, but trade talks are still a major overhang on the markets as well. let's bring in an analyst to kick all of this around. welcome back how are you? >> i'm good. how are you? >> good. earnings first hope springs eternal before earnings season, then we ratchet down expectations, especially after yesterday with caterpillar and nvidia apple has already lowered expectations what are you looking for this week especially on earnings? >> i think that there is a shift in the fourth quarter relative to the first three quarters of the year, not just the fact that the earnings growth rate will be quite a bit lower than it was in the first three quarters of the year, but to your point about the typical tendency of analysts to maybe be too optimistic at the outset, then lower numbers too much, then you get that significant beat, but it's look ing a little different in the

but the move higher coming off a little bit, dom. how are the numbers looking? >> they probably feel better now about the markets. the dow is up about 152 points it's actually pacing the major three advances you can see up by almost 0.6%. and the nas dk up by about 0.3%. one big industry group to watch because those big banks such a part of the story. check out the financial spdr up almost 2.5%. over the course of the past year, these shares have fallen by about 27%, but since the bottom on christmas eve, up about 14%. a big move higher for financials goldman very much a part of that story and the stock mover of the day, shares of upscale retailer nordstrom. those shares down by 7%. right now you can see those shares have now fallen by about 27% just since the highs we saw back in the early part of this last fall, and we're now down the only s&p 500 stock today to hit a 52-week low as we trade in this limbo area for the markets overall. >> more on that in rapid fire. thank you, dom >>> markets are trying to climb out of correction territory today. transports up

. >>> sue, thank you very much oil market closing for the day dom chu is on it >> a down day for oilbrent crude futures on the day by about a couple of a percent 51, 61 the winning streaks have been snapped, both benchmark prices posting the second straight week of gains, however, optimism over the u.s. and china trade developments have been a driving force behind the christmas move off the lows and up 20% and the energy sectors guys, the best performer in the s&p 500 up 16% since then and then baker hughes, showed active oil rigs back to you, kelly. >> thank you, dom chu. >>> still ahead on "power lunch," dc investing hit an all time high. will this year top that for venture capital? plus, the shutdown slamming small business one who says sales have dropped off a cliff and our special series, investing for a lifetime today, it's all about protecting your money in your 70s we'll be right back. >> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> short selling can help you profit from a stock's decline but because of the limited risk, you must have a plan

back over to you. >> dom chu, thank you.ning us now to discuss the technical levels investors need to be watching as we begin 2019, tom mcclellan, editor of mcclellan market report and a long-time top ranked market timer. tom, happy new year to you. >> good morning, morgan. >> you came armed with reports again today. let's start first with your thought on what the technicals are telling us in terms of whether we're in a bear market or this has just been a steep correction. >> a bear market is a long process. it's not just something that happens over three months. it's definitely not this rather silly idea about 10% or 20%. everybody needs to let that go it doesn't really help you know what the future will hold. but when people get worried about a bear market, that can be very useful. we just saw this morning that the bears are exceeding bulls in the -- the sentiment indicator i shared a chart with you about the number of google searches and google trends data for people looking at bear market on google it's head and shoulder

we're going to reconnect with dom he's frozen literally because he's in chicago illinois and it's very cold out. get back to you in just a moment exactly but picking up on that story i wanted to share this one from race a former member of the stream team and she writes in a close friend of mine lived in her car for some time in college she did great in school she was super outgoing and involved and so it was hard to notice that she was struggling she later told us after she found a place to live but they had the idea that someone could be struggling and still have a full social life on college and no one else know that they're struggling how does that. basically to have me. have to press the only thing that i headed towards two and only then i can have my name is my degree earned it. only will have that only a close member or friends know about it in a dry to help me to best way as possible try picking up jobs and everything but when i got home. and went straight to promise place and they held a spot for me every time so i didn't really house hop from place to place but was resign and

dom chu is back at headquarters with what stocks are worth now hey, dom. >> well, it's been a pretty strong rally for stocks since the market bottom on christmas eve. as a result, stock market valuations have also staged a bit of a comeback from depressed levels with the overall market we took a look at forward price to earnings ratios in late january of last year, the broader s&p 500 traded at around 18.7 times expected earnings today that number is closer to 14.9 times that's around a 20% drawdown from peak valuations inside of the last year. now, from a valuation perspective, the sector that got absolutely crushed the hardest was energy, which needed with a forward pe of 26.7 in early january last year. it currently trades at around 15.6 times that's a 42% drop in relative valuations industrials traded at a forward pe of 20 in mid-january last year and now it's 14 that's a 30% drop. now, even a blue chip component, say like a boeing, which admittedly has been one of those stocks tied to the u.s./china trade talks and sentiment, it traded at 29 times forward earnings a year ago and

siga en noticiero nacional telemundo ♪ (musica) musicaentados de trump que fueron contratados a pesar dom

dom chu has more on them dom?meback from the lows and the high-yield debt market is one place where volatility has fallen, risk assets bid two of the large junk bond etfs have staged stunning rallies over the past couple of years. the ishares high-yield fund has gained 5% since the lows on christmas eve. a big move and similarly the spdr high-yield junk is up about the same amount. a lot of fear about the market's turmoil and maybe a signal of larger scale flight to risk from safety based on yields on treasury debt and corporate debt the etfs are now back to where they were in the end of october, early november theseverity of the drop as wel as the bounceback have been catching trader attention. it's also stoking debate on how much the moves were fundamentally traded certainly a move to watch is junk bonds as they become one. tea leaves in the market. >> thanks, dom let's get to the las vegas where julia boorstin is sitting down with a special guest hey, julia >> good morning to you, carl i'm joined now by david z

we're going to reconnect with dom he's frozen literally because he's in chicago illinois and it's very cold out. get back to you in just a moment exactly but picking up on that story i wanted to share this one from race a former member of the stream team and she writes in a close friend of mine lived in her car for some time in college she did great in school she was super outgoing and involved and so it was hard to notice that she was struggling she later told us after she found a place to live but they had the idea that someone could be struggling and still have a full social life on college and no one else know that they're struggling how does that. basically to have me. have a prize the only thing that i had to look towards too and only then i can have my name is my degree i earned it. only that only a close member of friends knew about it in a dry to help me the best way it's possible try picking up jobs and everything but when i got home. and went straight to promise place and they held a spot for me every time so i didn't really house hop from place to place but it was resign an

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and a lot of that has to do with dom passing away.hanged completely after that had happened. lemonis: you're sort of inching your way back in, aren't you? yeah, you are. can i, just away from everybody, chat with you and your wife, if that's okay? you know, oftentimes people call me to get involved in their business for different reasons, to help them solve money issues, help them scale their business. i'm not sure which boxes i'm checking in this moment, but it's clear to me that debbie just checked one for me -- that there's some family issues here. debbie gave me the impression that you and doug don't really talk that much anymore. how did things erode with doug? debbie #1: he asked for burbank. lemonis: he said, "i want it, or i'm out of here"? dino: yeah. debbie #1: yeah. he was going to quit. lemonis: what led to all that? dino: well, basically, for us, it started when dom died. ♪ debbie #1: we buried him on thursday. we were back to work on friday. lemonis: how did your son die, if i may ask? debbie #1: an overdose of cocaine.

and there is evidence that the word may have come from hamburg the bizarre herds are all some books dom's all and . even today certain details of the ship can be more clearly rendered if they have copied underwater by hand. but the main job is done by a special camera it takes hundreds of images that are then used to generate a three d. computer model of the shipwreck while the wood has been perfectly preserved in the nutrient pool water of the baltic the current has a road at the rate down to its floor. david stop by is that's a great thing about it is you never see the wreck like there's on a dive because visibility is poor. you can create a model like there's even if you have a visibility of just thirty centimeters you know you just have to take enough photos so they overlap and then you're looking at something no one has ever seen in that shape or form. for example the frigates ballast stones that still lie along the ship floor without them the vessel couldn't have carried its cargo of heavy canons. one of the most spectacular exhibits in the collection of burnin snoozy in a bizarre m

dom chu joins with us a wrapup of the biggest movers. hello again, dom. >> hello, again.e seeing shares of altria by 2% on 132,000 shares of volume or moving thereabouts the tobacco giants like marlborough and skol came in line with profits in line of an list estimates the midpoint of their full-year profit forecast came in below estimates. shares had already fallen by 32% over the past year so that may be the reason for the pop. in terms of a 5% move, those shares up on 40,000 shares of pre-market volume after the package delivery giant posted a beat on earnings that narrowly missed and traders for now shrugging off a full-year profit forecast range that had a midpoint below analyst estimates. and then shares of raytheon down by around 4% on just around 10,000 shares of pre-market volume the defense contractor best known for things like the patriot missile defense system and tomahawk cruise missiles beat earnings estimates but sales posted a miss. those shares off by 3.5% a quick check on what's happening with shares of general electric stock arguably the talk of the pre

condition after being stabbed in front of thousands of people a man brushed the stage and stabbed a dom will bitch but the shop object to launch charity event adama which is the popular. in the police opposition. indonesian authorities say they have found the cockpit voice recorder from the line which crashed into the java sea last october killing all one hundred eighty nine people on board although it's broken into two pieces it could still be useful in shedding light on the cause of the crash. u.s. secretary of state mike pompeo has had talks. with the saudi king and crown prince they agreed on the importance of deescalating the war in yemen. battling iran backed rebels was also expected to press conference on. the jamal khashoggi. turning now to turkey and it says it did not be intimidated by threats from u.s. president donald trump or the fate of kurdish fighters in syria turkish foreign minister said would keep fighting against a u.s. backed militia in a tweet had threatened to quote devastates turkey economically if it attacked kurdish forces in syria following a plan to pull out

dom chu joins us with a look at today's action >> morgan, as we watch the european markets close slightlyower after spending half the session pretty much in positive territory, investors are keeping a close eye on trade talks between the u.s. and china brexit is also in focus. front and center uk foreign minister warned parliament's reluctance to accept no deal brexit increased the possibility of brexit not happening at all comments are getting some attention. all the while, gross domestic product figures showed the slow down ended in november, led by sharper declines in manufacturing. british government said auto production fell 4.3% last year over thesame period. and look at auto related stocks in europe, under pressure across the continent. michelin, continental, daimler, valeo, and renault saying carlos ghosn was indicted in new charges in japan still watching that drama play out closely. jon, back to you >> thank you, dominic chu. let's get to sue herera for a news update. >>> thank you. here's what's happening. as dom reported, tokyo public prosecutors indicting nissan former chairm

european union are in don's cadet today playing that paying their respects to the city's late mayor pablo dom of each was fatally stabbed on stage at a charity event last sunday the murder of the liberal politician is believed to have been politically motivated out of a dime of it is being remembered for his civic engagement and for his willingness to speak up about his convictions. not even the cover innocent babies church could provide enough space for the mourners and get done sq thousands lined the streets to pay. their respects to pavol other movie their former mayor and a man who embodied liberal values at a time of political rancor in poland some wept as they watched the service on specially erected big screens amid desoto there was fear for the future. it's very sad that we come together here under these circumstances we can't a lower society to be divided the assassination last sunday shoulders exactly where that leads. and he had to take a stand against aggression in our society and because they want to on the men who were for twenty years. is that it. is rife with aggression nation

thank you for that dom chu at hq. >>> jpmorgan ceo jamie dimon doesn't think it will be a hard brexitnd softening as we await the decision in a few hours. joining us, financial times u.s. managing editor, jillian ted great to speak with you. this has been a complicated one to follow in large part because of the what if scenarios in terms of how you cover this and think about it, what happens if as largely expected parliament votes down this deal? >> well, complicated sounds like british understatement frankly hellish. the reality is we don't know one of the reasons the markets haven't overreacted is because the balance of probabilities on both sides is evenly balanced. the most likely scenario is that if theresa may loses by less than 100 votes, she will soldier on and keep going. she's absolutely a british bulldog who keeps going no matter what. if she loses by more than 100 votes, could see no confidence vote, we could see rebellion strong market reaction theresa may will still keep going, but it will be increasingly hard to pretend this deal has any chance of going through. what's

hanover etc etc frankfurt but in the end i don't think they are strong enough to actually overtake dom and they they might be a little bit closer like two or three points lady but in the end it's going to be dortmund ok all right now j.c. i know you are leaning towards dortmund we've heard from actual bits will they have so many pieces that can hurt in opposing sides yeah i think as we saw with the rain against what seagrave core strength or over the pitch they do have a slightly tough run of games coming up i think i've got to go to frankfurt in a couple of weeks' time but i agree with ali as well i think dortmund do have the vet it seen this season and that's why i'm sticking with them the likes of you know jade and sam show they're the ones that are going to fire them to the times but i think right now you've mentioned. of course he's been outstanding and the upcoming opponent they have frankfurt you know actually frankfurt had a scoring trio tally in a gaggle of goals lukey over it's been one of them let's take a look at the top scores here you go he's leading the league with thirt

effort to train breeds like labs, pointers and golden retrievers because they're less intimidating domback to you >> frances, as the owner of two floppy-eared dogs, i like all dogs, pointy or floppy-eared >> all of the above. >>> here comes the fallout from that apple bombshell at least one of the first ones analysts downgrading apple to a neutral rating from a buy from macquaire. they say we're late but we can no longer recommend apple. ourfears about the iphone have been confirmed and the other shoe is about to drop on services growth. they took down their target price by $39, down to $149 per share. >>> coming up next, currencies krau crushed. apple's rare warning hitting the currency market. we'll show you how and why there were the big moves that's aerft we come back on "worldwide exchange. . >>> apple stuns the market the tech titan rocking wall street after slashing guidance tim cook sitting down exclusively with cnbc as apple's stock plunges. we'll bring you his comments coming up straight ahead >>> futures tumbling on the back of that apple news right now the dow is pointing t

among the dead because cockney teef east on to this jesus team and off to compliment them and when dom it's been a star kids and kids and so i sent his team in how to buy something langston imports in full view in the high end of the discus something contex into the tube in heaven into system begin to laugh when time goes entirely deceive us also did not have hospital was just him all talk and on to it. if you're interested in checking it that you're a spectator stand evolution's it makes this whole notion take great great gesture. as well as picture the rights of a mystery mission get guess who can be able to do it the right people don't think it's to keep me in self role to interact with thinking i'm showing. a. visit misstep by one zoomed in on a farm said bob so shuffle and get untied here i can finish my work. then never get off the indians i nuclei t.v. ted some mindsets building. and just how true in extremis affair next to him is previously. in the future agribusiness and robots will be able to carry out nearly every would seem to previously promptly. have jobs who. these new t

back over to you >> awful we'll have more on that coming up, dom. thank you. >>> bank earnings season kicking off with numbers from citi group. it's one of the best in the s&p 500. bob has more >> up about 4 %. here's the good news on this first off credit is good loan growth is okay. net interest margins compressed a little trading has been off a little. the stock is very washed out that's the good news right now here's the bad news. investors are having a hard time trying to figure out why they should own bank stocks at all. take a look. we lost 20% in the major etf last year. kbe was down 21% a lot of people said why bother? it didn't matter everything got killed last year. why don't i just go out and buy -- how about papal, visa that's what a lot did. they're continuing to do that into 2019. >> it's an astonishing thing they'll reach elsewhere. as you said, the banks didn't necessarily do anything wrong. it was the yield curve it was concerns about a recession, maybe this year maybe if that yield curve starts to steepen investors can give the na

let's get to dom chu >> we are off the lows of the day so far crude oil, we are now settling around $52 and change for wti crude. brent crude is $61.16. both off by half a percent they were down much more earlier on the session and supply concerns as the u.s. continues to pump out oil in large quantities so those supply issues weighing on the markets, as are the ongoing discussions between the u.s. and china in terms of trade. all of these things have been at least a weight on oil prices and although they rallied tremendously off the lows we saw earlier in december and watch the oil trade play off wti crude, back to you, kelly. >> just above the level right now, dom thank you. a big week for bank earnings the ceo of washington federal. they're based in seattle with branches mainly out west and the ceo of bb&t, most banks east of the mississippi. thank you for joining us we'll start with bb&t talking about shares of 1%, kelly, the profit misestimates and the revenue in line but we want to ask you if you can tell us, reminded recently by the weakness in sherwin williams and home depot, wh

that's all coming up but first, to dom with a look at today's movers >> we are at session highs for the stock market right now a 200 point gain they're nearly 1% on the blue chip index plus 220 points. s&p up by about 31 points. amazon, a big part of the story. also watching what's happening with crude oil price, they are surging again today. we are work ok a five-day winning streak for west texas intermediary at the highs in october, we fell by around 44% of this value. gone just between this and the lows on christmas eve and then we're up by another maybe 10, 15% so far again from the lows then one other place to watch is what's happening with individual stocks p grks ag and eric, the biggest in the s&p 500 on renewed concerns that this utility could have liable theties that could put it into bankruptcy tied with the kcalifornia wildfires >> more on that later. thank you so much. for more on the market rebound that dom was just talking about, let's get down to bob pisani at the new york stock exchange. you're seeing sentiment turn positive, right? >> absolutely. but what a difference

. >>> european markets are set to close in a few minutes dom chu is watching the action dom?lutely. european markets closing higher on growing optimism, jon, of potential break through on trade talks between the u.s. and china, despite weak december retail sales out of the unieted kingdom. it is boosting resources stocks, heavier exposure to china here european bank also mostly higher, but let's drill down into one of the clear underperformers in trading overall, it comes in italy, shares of that milan bank tumbling more than 8% after warning the 2018 results were coming in weaker than expected that stock on pace for the worst day since july of 2016 on the telecom side there could be more turbulence ahead. bank of italy estimating sharply lower growth in 2019 finally, one other stock to watch is ryan air, falling after issuing a second profit warning in three months. the irish based carrier, europe's largest low cost carrier said lower than expected winter kpra winter fares would put a dent in profits. those shares are sinking, ryan saying they couldn't rule out a further dow

dom, what's driving them today? >> we got a good jobs number.he reason why we're a bit more -- at least tempered with expectations. it's because that good jobs number comes with a couple of caveats. the headline numbers were great. however, unemployment did tick higher. that sbaus more people entered the workforce. not as many people consider themselves totally out of favor with the jobs market. you do have a situation where more people are trying to find jobs. that means they get counted as unemployed. we are seeing some modest wage gains. as more people come into the workforce, does that temper some of those wage gains expectations? all in all what this does mean is that the federal reserve has this perhaps more goldilocks-ish scenario of a still growing jobs market and inflation expectations that are still manageable. that's the reason why markets are reacting positively at least for now. we've got ground to make up from just yesterday's price action. we'll see if it holds in today's trading. >> we say all the time the market is not the econo

furloughed -- or, working without pay like airport federal security director for the t-s-a, david von damm (dom).david von damm/tsa- "i am and so is the tsa administrator himself. um, everybody in tsa is affected by this -- by this furlough period." on friday, the food bank continued to fill the t-s-a breakroom, turned temporary pantry with food and fresh produce for employees to take with them.nats- "i took one yesterday." this delivery alone exceeded 700 pounds of food.michael altfest/accfb- "we are prepared to do this work as long as the federal workers need our assistance." and, these federal employees can really use the help... now, that this partial government shutdown has reached 28 days. they've gone without multiple paychecks.david von damm/tsa- "i could not be more pleased or impressed with the oakland and alameda community, uh, and the port of oakland. the outreach has been phenominal." keonnis taylor/airport- "obviously, we have tsa here, there's the faa, there's us customs and border protection , and even usda. so, there's a great amount of interest in keeping those people supporte

and dom it's even a star kids. get an insight into steam in how to bite something lengths unemployment's in full view in the high end of the discus something contexts into plenty of them heaven into system begins. when time goes entirely deceive us also did not have hospital was just him all talk and on to it. if you're interested in checking it that you're a spectator stand evolution's it makes this whole notion take great great gesture. as well as picture the rights of a mystery mission get guess who can be able to do it right the evil cult. is to keep it from me should i put it in self roll thanks to interact with thinking i'm showing. thank. you isn't me stop by and zoom in on a farm said bob so shuffle and getting tired here i can finish my work. then never get off the indians i next see on t.v. ted sometimes that's bullying. and just how true and extremists offend extremist peavy leak. in the future agribusiness and robots will be able to carry out nearly every would seem to previously. have jobs for. these n

david von damm (dom) represents the transportation security administration.ek, the t-s-a breakroom is being used as a temporary pantry... housing donations from the alameda county community food bank... providing meals for federal employees who are currently furloughed or working without pay.michael altfest/accfb- "the hundred bags that we delivered today is about 700 pounds of food." and, it's the third delivery made by the food bank at the airport since monday.michael altfest/accfb- "we realize, there are, you know, a lot of federal employees out there right now that are not receiving paychecks and we want to make sure that they don't have to sacrifice food just because of that." through the shutdown -- the t-s-a says it is managing through sick calls. david von have seen slight increases, but nothing that's impacted operations." and, the airport says it will continue to work with and other agencies reaching out to help out.keonnis taylor/airport- "we're really this environment of gratitude for them." the food bank says it intends to keep making deliveries

match, and tonight, thest nhl fun fair opened at the san jose convention center can take of hockey fan dom the table and with a stick. >> got to few a puck for the first time. >> reporter: for this father and son from arizona, it's a mile stop trip. >> i wanted to do it for years. he surprised me and got me tickets. >> this is his birthday party. >> reporter: one of the main attractions, a picture with the world's most famous trophy, the stanley cup. >> the nhl all-star game is on saturday night. but the fun fair runs through sunday. >> all right. sunshine and warm temperatures across the bay area today. we got to see some breathtaking sunsets tonight. let's get right on over to meteorologist drew tuma. >> we've been under this mild pattern for much of the weekend. tomorrow and into the weekend, we're going see warmer air filler into the weekend. live doppler 7, clear skies out there, so we are dry tonight. the picture is a beautiful one. we have clear moon lit skies. but when you have clear skies, you know it's going to get chilly out there. i know we're one day away from the weekend, but

dom chu with the numbers >> a lot of catalysts. if you take a look at the movement, we did turn into negative territory at one point for the dow, now up by about 65 points but the s&p has been right around flat and the nasdaq has been the real laggard. one place to look at in terms of a strong move to the up side that continues today, check out the real estate sector within the s&p 500. this sector and one of the etfs that tracks it is up about 13% since the lows that we saw back on october 24th. and get this, it has been a positive trade this etf, 31 of the last 35 days, that strong move continuing today. and one stock to watch, best performer in the s&p 500, we're talking about glass works. corning up by over 10% at this stage thanks in large part to strength from a lot of telecom companies upgrading to 5 g corning certainly a stock to watch. and by the way, they said that they are not as worried about china and trade on their business >> wow all right. thank you. welcome to the exchange, everybody. markets are rallying today at

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we'll see how it goes with those shares they already had. >> thank you, dom.trategic value part ners. a distressed focused firm with $8 billion under management. victor, great to have you with us clearly, massive equity selloff we saw last quarter and particularly in december high yield spreads did gap up significantly. how much did they gap up as you expected with the equity market pullback >> equity market pullbacks are 20% give or take, you often see yields gap up 800, 900 basis points to treasuries this time around, they went from about 300-odd basis points to 540 basis points so this q4 selloff was much more centered around equities than debt particularly high yield >> is that encouraging for the fundamental outlook for the economy? what factors can you draw from that >> i wouldn't draw too much into it you know, in a lot of ways since christmas, the markets have retraced 40% of their losses so we are living in more fragile markets which are extremely volatile so i think drawing big teams from something like this, i just wouldn't go quite that far >> just

i call them louise and dom.of their spouses call louise and dom, mom and dad, because they're weirdos. [ laughter ] you know, it's like -- like, do you call your in-laws mom and dad? >> seth: no. >> because it's like -- i understand sometimes people marry into a family and they become so close to their spouse's parents that they want to call them mom and dad, but don't! [ laughter ] it's weird and confusing for the rest of us. they're like, "wait, that's his mom? he married his sister?" [ laughter ] it's like -- what state is he from? you know? >> seth: and -- [ cheers and applause ] you have a new tour, "quality time tour." >> "quality time tour." >> seth: that's very exciting. you like being on the road? >> i love it. it's just amazing going around. i'm going to canada this week. so, it's a good time. >> seth: that's great. well, there is -- nobody's better at it than you. that's why i've always liked you more than mulaney. >> john mulaney. he likes me more than you, john! [ light laughter ] >> seth: give it u