>> i have to look at the seasonality of fedex as well, november seems like a pretty good month for fedexought that fourth quarter was terrible for these guys for the past couple of years. >> overstaffed through the holiday season. >> talking about monthly, though, not the actual quarter as a whole if you look at monthly performance, the 30-day performance for november and obviously december skewed everybody last year. so you have to throw that year out and look at it as a hole on a mth, veonlynomber is a great month. >> up next, final trades [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you

>> fedex is bearing the brunt. fedex, just its leverage to air freight, much more of a global story as compared to domestic. that's why fedex has struggled, of course, the breaking of the relationship with amazon >> mike, thanks. what's the take on these guys, are they linked to the trade news >> yeah, it's really tough to get excited about fedex and/or it when you throw in competition from amazon doing their own logistics. these are companies i would say right now would not be on my buy list, anywhere near it >> mike showed us that longer term chart on fedex. it's kind of gone against the trade. >> yeah, it has. but at the same point in time, there's been all of this talk about increased competition, you know, fedex -- so, the u.s. economy has been strong, right but globally, we've seen weakness now for several years and fedex has high exposure to the global economy, not just the u.s. economy >> right >>> and after the break, wall street weighs in on media. we'll round up new analysts' calls on disney, net tix and

then fedex getting downgraded. it's our call of the day apple pushing closer to all time highs. the tech giant may be eyeing a new product. should you buy into this run analysts getting more bearish on netflix. the investment committee is ready to go. halftime report starts right now. >> sounds like a good show good to have you with us on this wednesday. your investment committee. mr. joe, john and pete and michael farr, ceo of farr, miller and washington. maybe you guys got out at wilmington together. your main headline china reportedly open to a partial u.s. trade deal despite the fact that this headline's been out there for about 18 months, stocks are marching higher on the news the dow up triple digits first gain in three days up 172 i say that a little tongue and cheek. jobecause you know what i mean china has said they've been open to a partial deal for a long time i don't know why the market is reacting on the news other than maybe it came from china >> that's exactly why. because it came from china instead of the president tweeting about it. that's one of the big positiv

fedex hung in there under a barrage of pessimism >> and it's hung in since climbing nearly 10% sincer the stock? was that the bottom? guy? >> they rang the bell and we alluded to it that day after you went on your rant, diatribe which was fantastic but doesn't mean they're wrong their timing was miserable this is a great bounce you've seen bounces like this before in fedex. at a certain point you fade it i don't think it's right here but there will be an opportunity around the 160 level to sell this sucker when it. >> seasonablity i said this a couple weeks ago, november is the best month for fedex, december is the worst month. so you do have some, just specifically for that 30-day range, you can't find in the last five-year average any year that was negative for november for fedex. i think you're okay staying long >>> analysts initiating coverage on peloton buy or outperform rating, it's a pattern playing out with a number of other recent ipos. look at uber, smile direct club, beyond meat, zoom went public this year. their lead underwriters are often firms initiating with bullish co

erik: fedex. -lemonis: like, five miles away? -erik: that's correct. everything goes fedex. lemonis: i don't think a fresh-cooked meal should come in a box. that sounds more like a care package my mom sent me in college. erik: i pass delivery cost on to the customer. i charge the customer $20. lemonis: so, customer gets two deliveries a week. erik: two menus per week. lemonis: so, on a monthly basis, they're spending $160 on delivery expense. erik: not necessarily. it could be a little more. new york, for example, it's anywhere from $61 to $82. -lemonis: per shipment. -erik: right. lemonis: in order for fuel foods to be successful, they should be focusing on the business in their local market. shipping food thousands of miles away is a terrible idea. what's a typical customer? men? erik: we have more women that are interested in the program. it's about 65/35 women to men. but the men are gonna stay longer than the women. lemonis: why? erik: women are a little more emotional than rational, -as you know. -lemonis: women are what? erik: more emotional than rational. and, you kn

over week, what's outperformed the s&p is the dax what's outperformed in the last couple days even fedex if you want to look for places where first of all sentiment as we talked about and positioning is so overdone fedex is an example and a big risk here. this is a stock making successive lows, cut in half effectively at 5-year lows about you if think we are getting to the bottom and you believe fedex problems are not just their own that's one way to look at it. >> the other big story of the day, apple new all-time all-time highs and the chart master says the record run just getting started. live in times square in new york city much more "fast money" right after this ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. don't get mad. to the w

they didn't have the same problems fedex had.onald's likely saw signififant traffic dfrpgs around the wholeho chicken sandwich wars earlier in the last few months. competitors like pop eyes. but if the miss is reflecting trends in the broader economy you'd be seeing far more companies missing and overall guidance would be much worse than it is. in leaves caterpillar, the poster child for the trade war and mc. reducing inventory to uncertainty in the global economy resulting from trade tensions. that's their words. and they said end user demand was flat. the caterpillar earnings trends have beenoor more than a year. not j jt in quarter and the fact gnat suffolk is up today seems to indicate that the street believes t tt caterpillar's earnings could be bottoming. the question now is the global slowdown getting priced? alec young from russell calls in the muddle threw mechanic where investors expect one to two% gdp growth and maybe 5% earnings growth or less in 2020. that's a lot better nan recession fears we had six months ago. for

asa region to see what the fedex does.et analyst, it is quite difficult for you to strategise on your next move because you always have to take into consideration the donald trump wildcard?” have to take into consideration the donald trump wildcard? i tried to look at that positively and say it brings excitement and volatility to the market but to model it and analyse it is almost impossible. you ta ke analyse it is almost impossible. you take it as it is and when it happens. in the near to medium term, which markets do you favour in asia? i think vietnam can continue to do very well and also thailand to a slightly lesser extent. i am quite optimistic on these two. singapore is also in a position to weather the storm but that will arrive in 2020, simply because they have quite a lot of reserves in the bank and quite a proactive government with fiscal stimulus. india could be the latest country to cut interest rates yet again as it aims to best is growing economy. the reserve bank has already reduced the cost three times th

. >>> the fedex pe expected to cut rates again. what that will mean for this record-breaking market apple earnings after the bell. facebook also on deck. the traders take their positions. ge, the stock having its best day in over a decade is it time to get back into the stock? boeing ceo back on capitol hill facing another grilling from lawmakers about the safety of the 737 max. risks facing the stock halftime report starts right now. ♪ >>> all right. good to have you with us on this wednesday from post 9. our investment committee here. let's begin with the markets the count down to the fed. investors expecting a cut, but it is the what comes next that matters most of all. and for that we bring in steve liesman, who is at the fed today. that's what everybody wants to know, right? everybody knows a cut is coming. it's what's next. >> what i think will happen is powell and the committee will carve out flexibility to react more to the data i think the issue, the way that powell -- probably not going to put it this way, but simply to u

fedex down 12% ups up 18% year to date.ut back to may ups was in -- was holding the uptrend and just broke the uptrend in the last couple days. that's something to wind chill wait until it gets back above the level. it seems ups does all the right efficiencies and proceduresen a everything they need to do to come back. fedex and possibly a slowing consumer. >> can we bring up the chart. >> the worst chart. >> it's instructive for the audience the iyt. >> the worst chart in the world. >> but if we show that can i get a 2-year chart on this because it's important to see. >> longer than that please. >> the iyt traded around 175 multiple times found good support. it's pun done nothing. it's absolutely. >> five and year. >> worst chart you have seen. >>icle. >> that's as bad as it gets give me some of that. >> you're missing the -- you mischaracterize it's woun of the worst charts in the market not the worst i've seen. >> sorry man. >> there is the 5 high pressure year. >> coming up against an interesting support level. >> okay.

fedex whether it's from amazon potentially moving into distribution itself or the other competitiveink that this is going to continue to be a decelerating growth story for fedex and, so, we would continue to be a seller here >> okay. i think we know, joe, where you stand on skkr. >> i will stay with it, but this is where senator elizabeth warren is being priced in it is blackstone, apollo, carlisle group. i would say apollo and blackstone, i think stone in addition to kkr is the opportunity. these stocks were at all time highs the end of september >> remind me you sold black stone and put it where >> exxon, where does it go >> it is defensive this is one to own for the long term if you think oil prices are going higher, you'll want more beta, more juice i prefer chevron but i think you are fine in exxon long term. >> we are going to take a quick break. when we come back, we'll talk about that stock don't tell us. shannon bought something new and sold something bo tt teth authaafr is break. the biggest challenge of... ...owning and running a small business is finding the right people

, ten times next year we know fedex can get cheaper. i said that at 180 but that was a $280 stock. it's down 50% from the blow off top which is essentially a month before we got trade talks. if you look at fedex, steel stores they are telling you how important the industrial side that carter is talking about to this there's no relief until you get some certainty again we don't expect the global economy turns on a dime. ceo has to understand how their business changes >> when i read that bloomberg article early this morning and i thought i wonder what the market are going to do today i thought they would be lower because basically no other news in the market no earnings. no economic data we had that article say it will be a slim down trade deal. yet we finished fractionally off. is that a good sign? >> larry kudlow talking about they are not going to bar companies, chinese companies from listing or delist companies. that was a tail wind this is definitely a negative for the overall markets if a bigger deal can't get done >> the trajector

two different storylines for fedex and ups.oly in terms of some of the long haul package delivery. when you look at what we are getting on ups, is this one are disco quarters and everything will be back to normal? david: -- brooke: that is the question. you do get that additional operating leverage. we are getting into the all-important holiday core door which will be a key test? romaine: if she would get her unicorns over from china in time. alix: it is very important. ali-corparently called ns. brooke sutherland of bloomberg opinion. romaine bostick, thank you for joining me for an hour. coming up, do not forget about earnings. we will take a look at jp morgan, biogen, and procter & gamble today and technically speaking. if you're heading out, tuning to bloomberg radio on sirius xm channel 119 on the bloomberg business app. this is bloomberg. ♪ alix: time for technically speaking. though maloney joints me now. listen to bill on the bloomberg. you're kicking offer me with jp morgan. bill: let's start the morning out with a cou

let me qualify this, i'm not a fedex analyst.ing federal express going into the christmas, thanksgiving/christmas selling season. >> because it is an important shipping time? because why? >> because it is important shipping time. we'll have good christmas sales. i think sales will be up substantially over last year fuel costs are under control fedex is always tended to hedge some of the fuel costs anyway. i just -- i wouldn't be selling fedex here, going into christmas. >> that's interesting. it is probably a broader call on the consumer and strength we have seen there. are you not concerned about the ism numbers we got last week, for manufacturing and for service. i know those are confidence indicators, but are you not concerned about what it might potentially signal >> i am not that concerned with it right now i think one month does not a trend make hard data i have been seeing is actually quite positive. a lot of the soft data, the surveys, i don't pay a whole lot attention to. >> would you raise cash if you thought elizabeth

so we'll keep our eye on fedex we talked about the apple call earlier.n cutting numbers on disney for q4 and next year. they're talking about the investment in direct to consumer, choppy integration of the fox assets, their december 2020 price target is 150 as we know some have been trying to decide whether disney is in a head and shoulders pattern now. >> i think netflix got a couple of target cuts today too the netflix target oz on consensus was really way out of whack. it was implying 50% upside because they hadn't revised them down disney, you get this impression, we see the players, we see the entire industry is in this massive investment phase disney got a ton of credit in terms of the ramp in its stock for success in this streaming world. and then the valuation becomes very fall with disney. it will be flat earnings into next year. >> the valuation after the launch of disney plus and the pricing plan and the question at this point is with all the competitors now really going head to head, really competing, there will be no room for any price incre

we're not seeing anything unusual, except these are well-known names if fedex, boeing, mcdonald's were really part of a global slowdown, you would see many more companies missing expectations and earnings guidance much worse than we've been getting thus far. i'm not terribly worried, at least not yet. we've only got a quarter of the companies reporting. there's always room for more, additional information. >> bob pisani, thank you as always. >>> a massive afternoon of earnings tesla, microsoft, ford, paypal many more. all of that coming off the close, which is just 45 minutes away we're back in a couple of minutes. is the monolithic view of emerging markets obsolete? at pgim, we see alpha in the trends driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment mana

. >> with one fourth of the s&p reporting so far, an earnings recession may get closer fedex, mcdonaldsrpillar and boeing, expect inning creases by a significant amount these misses aren't triv yalg. only 14% of companies are missing earnings estimates this is about in line with the historical trend no outliers here in terms of the big numbers. most of these large misses are company or sector specific mcdonald's had very significant traffic diversion around that chicken sandwich war if these misses really reflect trends in the broader economy. you'd be seeing far more companies miss and much weaker overall guidance from many more companies. this has become the poster child for trade wars and china, the company cited reduced inventories due to uncertainty in the global economy. resulting in trade caterpillar earnings have been terrible for more than a year. and the fact that the stock is trading up a little bit here today, 1 1/2%, seems to indicate the streak believes the earnings may be bottoming i think the important thing here if you look at the s&p 500, it seems to be telegraphing th

. >>> plus putting a hold on fedex. one firm is calling the stock dead money and that they have been shredded. their words. >>> and apple shares rallying more than 40% this year with bull innish notes out on the st, is now the time to keep buying or add to apple? all this and much more coming up on "the halftime report" at the top of the hour. we'll see you soon morgan, back do you. >>> we've got some breaking news on facebook. for that we'll go to ylan mui. >> mark zuckerberg is now scheduled to testify before the house financial services committee on october 23rd. now, the topic of this hearing will be on facebook's impact on the financial services and housing sectors. you'll remember that the chairwoman of the committee, maxine waters, had called for a moratorium on facebook's development of libra until there was more information given to the committee. obviously we've seen a lot of controversy around that cryptocurrency going forward i imagine that will be a key focus of this hearing. in addition, we also expect iss

customers ordered cough and cold medicine and a drone also delivered a fedex package from dick's sportingcome aboard for the largest commercial flight in world history. it's called project sunrise. 20 hours nonstop. onboard 50 passengers and crew. the boeing 787 dream liner will be a laboratory really to monitor the health effects of long flights. instead of dimming the lights passengers will be kept up for at least six hours. they'll eat peppers and spicy food to help keep them awake. pilots will wear brain monitoring equipment to test alertness. the jet will carry 101 tons of fuel. total distance, 10,200 miles. and the plane is called pretty cool, isn't it. you can see coop s flight on its way to californiaorniaora now. >>> squaw is planning to open one month from today. get those skis ready. snow is here. >> can you believe it's just a month away? ho and the bay area. forec i >> no snow headed our way but we might have a sprinkle or the good news is the wind has calmed down significantly. and that high surf advisory has expired. here's the view. pier 15 in san francisco looking back at

they have made fedex and enemy and they are now holding an american as hostage.s is the way a militant communist state deals with foreign companies. we have got to understand what got to protect americans. you can't protect americans if they are in china. it's unfortunate that what you going to do? >> congressional staff, any congressional staff? >> you are kidding. thank you for coming. >> you mentioned hong kong -- [inaudible] [inaudible] >> or questions about hong kong human rights and 2017 which is currently -- i think it will help. i think the provisions are not strong enough and that's just me but the point is the protesters in hong kong see this as a symbolic act. they want that past and the way they want that past is even though it will hurt hong kong's economy they believe that anything that undermines the rule of the communist party going back to your point is good for them and by the way there's a lot of controversy in the united states about president trump's tariffs p.m. posed under section 31 of the trade at the 1974. controversial here, not controv

you can tell the stadium is sponsored by fedex 'cause after you show them your ticket, they pick youand throw you over the front gate [ light laughter ] >> steve: oh >> jimmy: that's how speaking of the patriots, this week, tom brady admitted that he's been wearing the same shoulder pads for the last 25 years then his jock strap was like, "and if you think that's bad - [ laughter ] it's nuts down here. [ laughter ] >> steve: "quarterback sack. >> jimmy: during today's buffalo bills game, tight end dawson knox was tackled. but the hit seemed a bit more painful than most. take a look at this hit. >> pick up of five >> well, dawson -- [ audience oohs one of the more fun players this season to watch >> jimmy: on the next play, he was like, "throw me the ball i've got this. [ laughter ] well, you guys, i really do love these sunday shows. it's really exciting to be on after the big game so i want to take a minute to talk to any nfl players who might be watching right now. ♪ hi guys. i want to take a second this sunday to speak about safety safety is a serious subject. sadly, some players

. >> reporter: for now, wing delivers in a 12-mile radius, products from walgreens, fedex and gifts from a local store. >> we have great little package chocolates we'll be able to offer. >> reporter: the faa expects the field of drone delivery to grow. >> these new operators are developing a safety culture just like you would see at any airline. >> reporter: an industry already taking off amazon has a pending application, and u.p.s. i delivering on a medical campus after the first order, mission accomplished. >> see what we got. >> here we go. >> reporter: wing and shoppers hoping the sky is the limit catie beck, nbc news, virginia. >>> up next, meghan markle getting personal about her life and speaking out in a way we've never heard before >>> now to meghan markle speaking out tonight like we've rarely heard her before about the pressures of being a royal and a new mom. here is kristen dahlgren. >> reporter: tonight meghan markle getting candid in a new documentary. >> any woman when especially whe you're pregnant, you're vulnerable. >> reporter: opening up what it's like to live with a

. >> fedex was downgraded. the analyst says get worse before they get better. the price target is $153. shares rose a fraction to $139.25. coverage of pelaton was initiated.d. the company created a bet fitness model and sees a sizable potential market. therice target is $28. the stock was up more than 3% to 24 even. >> still ahead, more companies are freezg pensions a leaving workers withome often confusing sounding choices. >>> america airlines pulled 737 max from its schedule until mid january. that date isat than any other aiine. regulators he not s wd when thlllow airlines to operate that jet again. theirplane has been grounded since mid march and has forced carriers to cancel thousands o flights, driving up their costs. >>> thousand of northern ca sfornia residennd to lose power. pg & e has begun cutting electricityo areas where wildfire threats are high. e utilityays up to 800,000 including napa.be affecte, classes today were canceled at berkeley as well a other nia schools. area airports and transit systems say they will not be affected. by the way, late

the story played out for the 49ers in rainy, slippery, whether in fedex field. payback in mind. third quarter, game two scoreless fourth and five on the washington 36. jimmy picked off by troy, big return out of the main field. fortunately 49er defense force that out. still scoreless, rolls off gets pushed out inside the 15. let san francisco a 69 receiving yards. this time drill the field goal. 49ers on the board 3-0. redskins try to answer. they had a good drive going but alexander knocked the band ball out of, scooped it off san francisco 13 take away the season. 49ers inside the five. he lost his footing. san francisco settles for yet another field goal. final seconds of the game. 49ers up, and i do nothing. sack to end the game and then place a little slip and slide. san francisco pitches a shut off on the road for the first time since 2012. it was far from pretty but they 16-0. >> mud bowl 2019 champions. >> it is tough to prepare for, tough to make it rain in california. ruin our field, we talk about it. but you have an idea going in. had no idea it was going to be lookin

mentioned cat tractor had a nice rally over the last week and a half triple m some of the industrials, fedex nop not a lot of good stuff going on in those places but investors starting to discount the worst is behind them i lack at letter kbchlt reports next move the implied move in the options market is 8% doesn't seem like a lot when you consider the stock is down 35% on the year. moved on average about 8% the last four quarters so to me i think it sets up as an interesting contrarian trade. looking at options market you want to give it a little time to play out if they say anything good the stock is going higher. i don't think to want to play with spreads just buy outright call looking at november expiration you got about three weeks right now, the 12 kaults ka calls when the stock was 11.70 offered about 58 cents breaking breaking even at 12.58. about 7.5% from the trading level. inside the implied move. if you get it right this thing is going much higher i think the breakdown level from earlier in the year is $15 that would be my target i don't think you want to play in weeklies. that's

they might have laid the fedex on a swimming pool. it was the defense here to shut the redskins out. slip and slide shut of his own. time expired in a 9-0 victory. coach shanahan was amused. >>> was definitely fun watching our whole team slide across the field at the end. i enjoyed watching that. i did think about it. i don't think it would have looked right. >>> i saw all those guys running and diving on the ground. i'm just going to observe. it was fun.>>> thtimes keep on rolling. they are at home next against the carolina panthers who have won format games in a row. i was talking on camera. 49ers keep this up look for some of these 1 pm games to be flexed and prime time. so everybody can see what they are about. >>> nfl to make that change anytime they want. >>> snap of a finger. >>> we are waiting on an update from pg in these ceo one more potential power shutoffs that could come this week. we will bring it to you live. >>> east bay homeowners could be asked to pony up to fix an aging storm drain system. how one city is justifying

look, i think fedex has been -- fedex was the only stock on the -- now there say race to have a lot offragile. no resentment to dalio anyone is allowed to make those analogies. i just think if you felt that, you should sell everything everything and buy gold. >> you look at fedex, which we just -- got to wonder if an activist is going to show up there. >> good question >> i don't know anything i'm not presaging i heard something. i don't. it is just an obvious thought. that board has to be ready for somebody coming. >> i think -- >> we had -- i will take -- >> i brought up long-term serving ceos, a great ceo. >> i saw in david's mind the following. it is in his mind. right now, it is in his cortex, maybe your cerebellum. i'll give you a parabellum for your cerebellum. >> a lot of empty space in there mostly. >> david farr, long serving ceo of emerson under fire because people feel that it is time for him to move on >> potentially he said he'll move on 2021 >> there is a group of people -- a group of people right here in your cortex that say that it is time for fred smith to go. >> righ

ril fedex cutting ties with amazon and strong demand in online shopping.pany missed on revenue and trade tensions impacted the u.s.-mcshipping but the ceo sees hope in international trade. >> what we like to see, trade developments go in a more positive direction. we think there are reyes of sunshine when you hear about the first level between china and the u.s. brexit seems to be a a path. we believe there is opportunities there. >> shares fell about 2% to 116.10. >>> and increase in international sales helped harley-davidson post better than expected sales. but the motorcycle maker saw decline in u.s.e sales. high he were tariffs and finding way to entuesday younger riders. the stock rose 8% to 40.04. verizon said it's offering unlimited wireless and broad free one-year a subskrings to the disney plus streaming service planning to lamming nexonth. the verizon ceo believes the partnership can bring content to consumers. >> we want to give our consumers choices. . this is one of the bt choices we can give them on top of the network we have a net netwo we a

last word >> no, i mean i'm kind of with that look, we look at what the results we were seeing out of fedex and others they speak to you know whether thinking about the new economy or old the new economy is embedded in transports even if some of the other areas of industrials are not. >> well from the transports to the industrials, take a look at caterpillar seeing a boost today. but still the second worst perform ner the dow this week. the industrial giant has been feeling the pressures economic slowdown fears weigh on investors and dan bets today's move high sr. nothing but a dead cat bounce. >> a little cat scratch feefrp i got here this rally was insty dated by the prospect of a china trade deal this is one of the worst acting stocks in the entire u.s. stock market one of the worst looking charts also this stock is down 5% on the year it's down 30% from the 2018 highs. it's just been in a series of just lower highs here. and if it can't rally on a day like today i don't know when he it rallies i want to focus on two charts one since the start of january of 2018 from that high you can se

individuals the 1st couple of 1000000 users are going to be fleets take fedex. u.p.s. and the u.s. postal service is going to happen to all those trying drivers are they going to be out of business well you know what happens in every industrial revolution has people are displaced from one area and over time they have to find jobs in another area but yes i think anybody who makes their living as a delivery driver or a garbage truck driver or a bus driver or a taxi driver is in a couple of decades is going to have to find something else something else to do i regret it myself i mean i'm a passionate driver i used to participate in automobile races i like nothing better than high performance cars. i like to think i'm a better driver than most people so will i miss it well yes i will know why it won't because i'll be dead by that time but also i think. we're going to talk a lot about the psychological aspect and cultural aspect as well before we get to that i do a lot of stuff about cyber crime and i know how easy it is to actually still something online so you know considering that th

. >> wells fargo initiating fedex and u.p.s.ying trade challenges are weighing on the shares provide a buy the dip opportunity for investors and that ecommerce trends could provide growth opportunities for those stocks going forward wells fargo also initiating railroad stocks at market weight with canadian pacific, kansas citi southern, and norfolk southern as their top picks. and needham out with that new note suggesting alphabet should be -- should spin off youtube. the firm says youtube could be worth $300 billion alone and that a spin-off would make alphabet smaller, as it faces regulatory pushback from washington needham also says a spin-off would account leadership accountability and provide streaming investors a strong alternative to the likes of netflix and roku an interesting idea that, steve, of the businesses google has, you can see a clearer rationale for spiping off youtube less need for it to be part of the overall pie. >> youtube has always been krau called the crowned jewel of google so when you look at this, thi

that stock prepared to show as much we talked about ford and mai marriott and fedex joining us now from london, elizabeth, what was the primary reason for the drop in profit for amazon this quarter? >> hi. that chart is not a pretty picture. the one-day shipping program brought an increase in shipping costs. they are said to spend billions in the holiday quarter to expand that guidance of higher spending is looking to have negative impact it will also increase spending on aws and sales force for on line advertising business. overall this drop in profit shows they are a little less focused on profitability here. >> what about aws, did amazon say anything about potentially slowing sales growth there >> yes this is crucial because of the high margins it makes up a lot of amazon's profit that growth came in at 35% sales brother for aws. a little below the estimate. if you look at it, it has been slowing. there may be signs that google cloud is making head way this is an increasingly competitive space. there is concern if amazon is losing some of that edge competitively, that could have a bi

we are seeing more companies jumping on the drone bandwagon, ups and fedex trying to do this as well.futuristic. rob: 26 after the hour. if you wonder where president obama stands in the 2020 contest his former running mate has the answer. >> why hasn't president obama endorsed you? you serve together for eight years? >> i want to turn this on my own. >> that he offered to endorse you? >> we didn't even get there. i asked him not to and he said okay. carley: why wouldn't he want the former president's blessing? our next guest to work on obama's campaign citizen about allegations of a rigged system among the dnc. ♪ (engines rev) the only thing better than horsepower... ...is more horsepower. (engines rev) if we were for everyone, we'd be for no one. with dodge power dollars, more power means more cash allowance. purchase now and get $10 per horsepower. that's $7,970 on the srt challenger hellcat redeye. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.

fedex could be targeted for the rerouting of packages from huawei and hsbc for its involvement in the huawei case. yvonne: we talk about the re-emerge ens after the u.s. might be restricting capital flows into china. how likely is it, and is it even legal for the u.s. to do this? >> i think it is a serious option on the table, that is for sure. we have written about this a couple of times at bloomberg now. after we have broken the initial story, there was pushback from the trump administration. there were additional meetings after that. that should be a clue for you. maybe there is not a final decision made here. this is something the u.s. is taking seriously. you have to take this on as a risk on analysis. you're walking into some shaky ground. i don't necessarily mean legally. i mean in terms of the absolute levels of this that people have not really been exploring on a serious nature against an economy of china's size. this is really a step beyond. it really would be. >> we haven't been here before. the talks this week are very important. the mood, though, perhaps very sour, if you

you have a point in time where there's cyclical companies you mentioned fedex that have mas acted like companies that are more resilient we expect uncertainty to be the name of the game >> thank you very much >>> coming up, in the war of lower trading fees, commissions were slashed to zero >>> leaked audio from a facebook meeting reveals mark zuckerberg sounding off on an elizabeth warren presidency. >>> the average is off more than 1% we'll have more on these markets stig aad rahthe woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. >>> this is a real trade war that's gotten down to zero at this point you're going the pay nothing to trade stocks and etfs at schwab. charles schwab took those stocks down to

postal service, fedex, ups, dhl, they all shipped fentanyl and other types of fentanyl through the mail fentanyl also comes to china through the mexican cartel who imported, packaged it and send it north to the border and is distributed through the same channels as drugs the carowinds, cocaine and meth. when the fentanyl arrives to the mexican cartel it's pretty pure, 90% pure or more but the cartel cut it with other cutting agents like benadryl and all sorts of cutting agents and then assent to the border and the regional distributors cut even more and by the time he gets to the hands of the street buyer, nobody knows how strong it is. that is the problem. even the drug dealers themselves don't know how strong it is. it's also very hard to mix so it only takes two grains of rice of fentanyl to overdose. it's very visible to the eye. so when drug dealers try to mix it up, makes heroin with fentanyl it's so most impossible to do. i talked to a former that nondealer who used a mr. coffee coffee grinder to mix it up heroin and this is the same mr. coffee grinder you buy in the store and al

principally from china directly by the mail or cargo containers often through fedex couriers, dhl, express consignment carriers they call them. in addition to that a good portion is coming from the border from mexico, so drug trafficking organizations are starting to transition away from heroin manufacturer to synthetic opioids and then there's tracking those over the border. we don't know how much is coming by either stream. if you look at the federal seizure data, you see the bulk, by bulk weight, a lot of it is coming from mexico, but it is very impure. it's about 5% pure stuff coming over the border according to seizures. in contrast, product that is arriving direct to mail to the express consignment carriers and the postal service is very pure. the stuff from china is 95% pure. so after adjusting for purity, about 75% of what is being seized is coming direct from china. those trends might be changing. a lot of it is coming by mail, but there might be early indications that things might be moving to cargo. >> do you have any data on the economic impact of this epidemic? >> we haven't -

fedex field. he hae game scoreless. jimmy picked up. fortunately for garoppolo.he next possession, still scoreless. garoppolo runs out, he gets pushed out. led san francisco with 69 yards. but this time, he drills the field home. finally the 49ers are on the board. the redskins try to answer. he knocked the ll of adrian's hand. san francisco's third take away the season. fourth quarter. 49ers inside of the five. he lost his footing, san francisco settles for yet another field goal. this ends the game and then there is a little slip and slide. on the road since 2012, far from pretty but they are 6-0. >> it was mudball, 2019 championship. you know? >> it is really tough to prepare for. it is have to make it rain it san francisco. we have talked about it. i had an idea that it was going to be like that. >> i can't wait to be here. or man, i look forward to the carolina panthers now. hopefully we can get some reinforcements back. >> earl thomas he spent nine years with the seahawks, making his return to seattle. russell wilson through his first interception of the ye

earlier we saw fedex announced they were working on something similar with walgreens but it will be abefore this becomes mainstream. there are a lot of things the faa needs to work out but major steps are being taken with drone deliveries. carley: we all know the netflix police coming after todd because he admitted to using his brother's password and the company is cracking down on password sharing. >> you have some time. they are not coming after you just yet but they said in the most recent earnings call this is something they are monitoring, the use of passport sharing, netflix chief brett peters said we've got no big plans at this time in terms of doing something different. they are not making any changes just yet but it is something they are monitoring, perhaps looking at ip addresses, if they are coming from different ip addresses and it is a family account that might be something they crackdown on but it might be difficult for them to do so. you have some time. >> it would be amazing to see how much money the company would make of they do crackdown because my husband somebody h

notion of industrials not putting those tax cut dollars to work i mean, transportation companies, fedexmore money into their infrastructure i saw a similar thing happen with aerospace and definite companies. does this feel like 2016 in terms of the industrial economy and if so what does that mean for how investors should be positioned in the market >> i'll pushback on your comment because if you look at ups and fedex, their capex was all about the consumer what i said earlier was this economy seems to be all about the consumer in terms of spending money with respect to arrow face and defense, they always increase c capex. guaranteed revenue from the united states government, 25 years of increasing dividends. you've got to be careful on that i would say this is it a replay of 2015, 2016 i think the way the market is playing it per jonathan's comment, yeah, we've already pretty much decided we've not seen spending -- i'll take it even further we haven't seen a capex cycle in our country since the late 90s industrial companies have been sitting on their hands and firing people. they've bee

even fedex, which has been beaten up all week long rallying today. the bank stocks.n financials. a lot of the regional names, all of those names rallying. the big money center banks, too. citigroup, j.p. morgan leading us higher. a risk on tone to the day. we will see if that holds when we get in to tomorrow. guy: it will be an interesting afternoon for u.s. stocks. let's turn to monetary policy and the latest reports on u.s. prices rosehowing less than last month. the numbers could bolster the case for another fed rate cut. joining us from dallas is michael mckee. you spoke with the dallas fed president robert kaplan earlier on today. what did he have to say? time whenhere was a we would really be concerned about inflation missing the fed target. that would've been when inflation was too high. now it is too low, but not terribly so. the inflation miss left the year-over-year core rate at 1.7% after three months of rising poor prices that did encourage fed officials they were getting closer to their goal. it is not enough of a miss they would need to react to it in t

so the united states postal service, fedex, deliver these drugs right from china to people's doors.xico. the mexican cartels order these drugs from china and ship them up through the u.s. border. >> tucker: hmmm. in what way, is fentanyl already made? >>>> both. mexico lacks the skilled chemical industry to mak make fh fentanyl to. these import the fentanyl precursor from china, make it the rest of the way, and send it up north through the border. >> tucker: is there anything the u.s. government can do to stop this drug from entering the country? >> it's extremely difficult. through the mail, president trump hass demanded more searches of these packages, but there is such an incredible volume, millions every month, it's impossible to search all of them. and, you know, you talk about ia border wall and things like that, but from mexico it mostly just comes up in people's cars smuggled in gas tanks, fake seats, all sorts of ways. so it's extremely hard to stop it from getting into the country. >> tucker: those of us over 40 remember well the government's response the crack epidemic wh

reportedly, fedex could be on the list because of the rerouting of huawei packages as well as hsbc.ertainly rankles beijing and take the trade war into a different direction. this is the first time the trump administration is citing human rights for this type of action. d.c. lawmakers have long been itsicizing china for alleged violation of human rights which the u.n. says up to one million ethnic uighurs and muslims have been detained which legitimateis counterterrorism efforts. is the timing of this incredibly provocative, given that we are one day away from trade talks. francine: what exactly is the significance of the nba fallout? have thought a single tweet could wreak havoc for a company that has spent decades building its business in china where it has been racking up double-digit growth since 2008 with more than 800 million viewers last year. but this is not the first time china has taken a hard line, zero tolerance policy when it comes to a company that seems to be questioning sovereignty over certain territories as a perception of foreign interference in its country's affa

fedex is sector specific company specific mcdonald's may be sector specific, a lot of chicken wars goingat the time of the reporting. could account for the lower than expected u.s. same store sales caterpillar, i don't think you have that excuse this is the poster child for global growth and they indicated that in their numbers. and here is the question why are we only down fractionally that's what everybody is trying to figure out. these numbers don't look very good on the surface. here is the three big sub sectors of caterpillar mining, down 12% construction down 7% and energy you can say, that's at least not that bad, only down 2% these are pretty notable numbers on the down side overall i think the question now is does the stock reflect those low expectations and in the earnings. i think they do. i think that explains why we're not moving that much on caterpillar. the company specifically told us what the problem is. they said we're seeing reductions in inventories and we're seeing end user demand flat and they anticipate this will continue into 2020. so let's take the company's word

>> we sent letters of interest via fedex to all of the property owners or e-mailed them. the parking structure is owned by sutter health. we talk to them directly and they are not interested in cell sites. the center health is right across -- the parcels across the street i think there's one whole block, but the parking structures owned by them. the hospital was a preferred location, but they said no. we searched for properties nearby and the current project is across the street from the hospital and has shown the least interest and meets all of our cell site design requirements. >> thank you. >> commissioner richards? >> the one thing that has struck me, you know, there is all of these numbers i'm not an electrical engineer physicist, but what resonated with me is this 51 feet, great bodily danger. somebody said that if your hundred feet away there is no danger. for every foot you go away, for every foot you go away from 51 feet, how much does the risk go down from no bodily danger, or less bodily danger? >> in terms of radiofrequency emissions on things like that. the c

and the 5-0 niners take on the washington redskins at fedex field also at 10:00 a.m.saturday cal will play 13th ranked utah on the road. the golden bears hopedo snap a three game skid against oregon state. chris alvarez has the highlights in this morning's sports. >> reporter: players and coaches are creatures of habit. there's the routine of football and saturday's 11:30 a.m. local start in berkeley far from routine. cal trying to avoid a three-game slide as they host oregon state on the home coming game. the fans did too. the bears trail 14-0. came all the way back. chris brown jr. into the end zone. 14-10. jordan duncan, cal, comes all the way back. 17-14, leave now. they answer. bj baylor watch the play, they originally rule him down, but after review, they say he rolled over the cal defender and broke the plane. look at the replay, that's what happened. they take a 21-7 lead. after that cal makes a quarterback change. freshman quarterback spencer brash got in after the other shaken up. final seconds last chance, brash is sacked and the bears who started 4-0 have

. >> and they're not working with fedex for most of their contracts anymore either but still, speaksct that they're building out their own transportation network. >> we will watch that. headlines from the vice president hitting right now. stocks are in a holding pattern. dow down 34. back in three minutes. who says our bank isn't tech enough? everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. woman: what gives me confidence about investment decisions? rigorous fundamental research. with portfolio managers focused on the long term. who look beyond the spreadsheets to understand companies, from breakroom to boardroom. who know the only way to get a 360 view is to go around the world to get it. can i rely on deep research to help make quality investment decisions? with capital group, i can. talk to your advisor or consultant for investment risks a