kristina: invesco continues to like risk assets. it is important to drive income in this environment, so we are looking at dividend paying stocks. it is not just about fixed income, but we also like credit. it is very important to be well diversified and have exposure alternatives, including real estate, in this world. on credit, weng obviously still have funding issues. i don't want to call them problems, but there is definitely something going on in funding markets. the quoted the is needed. people are ravenous for it -- liquidity is needed. people are ravenous for it. could it be a problem? kristina: it doesn't seem like it is going to lead to some sort of problem. i think the fed has that well under control. ofis certainly a function what we have seen in terms of debt issuance. there's less liquidity out there. but i think the fed has been very proactive in trying to manage this, and i think will continue to be quite proactive in trying to manage this and ensure liquidity. vonnie: something else we have learned since we last spo

jon: joining me around the table christian of invesco. your thoughts?ake out the gm itbers, it is this still -- is a solid number. let's look at the fundamentals here -- if global growth was bottoming, there are some signs that it may be bottoming. is it going to surge ahead? i am skeptical. growth probably muddles along. parthas been the weakest of the u.s. economy. they're so hung up on this trade deal. even if we do get they phase i deal, which is not guaranteed, the fact that the president threaded into tariffs on brazil, that was just a few days ago. the uncertainty for businesses is going to remain. the fed is likely to be on hold. i'm not sure we are entirely out of the woods. the labor market may be showing some sides of -- signs of cracking. feels like a long time since we had those steel levees coming through. global economy is definitely bottoming out. if there is a re-acceleration unfolding, the consumption part of the u.s. economy driven by employment really was never an issue. turnaround, the -- investment, indicator ofetter growth. employ

eric: and there's a few more in the running, including yours, dan, invesco.an you talk about why you decided to go on your own? dan: we are open to partnerships and we are having current discussions with a number of firms that rachel mentioned. but we felt long-term, to own your own ip, and not only do we file our own application but we -- did we file our own application but we patented it, which we thought was important. what we have tried to do with their own application is a lot of the feedback market makers and aps, we wanted to build in the integrity of the arbitrage pricing to make sure you got the best of active management and low levels of transparency. at the same time, market makers want to support it. we think that's the difference. scarlet: dan mentioned smart beta. there's passive, active and smart beta which feels like an in between. eric: i wonder how many of these active managers coming over the are still in the 90's, do they understand it's not just vanguard anymore? there are smart beta funds that are active and are cheap. dan: active manage

christmas find out what my colleague maggie lead got up to there for her perfect weekends of late say invesco. and with that a very warm welcome to the dish of europe max let's see what else we have for you today. in the new pirelli calendar place tribute to shakespeare's julia and. a traditional christmas truth coming to you from that area. the famous pirelli kendo was 1st published in 1964 and since then it has celebrated above all female attraction and beauty but not only that in recent years actress is an artist a more likely to be seen in the calendar than models the 2020 issue is a tribute to shakespeare's drama romeo and juliet to calendar is a collector's item and being signed up for it every photographer has 3. the photographer and his model is with the red carpet at the presentation of the new pope really calendar in verona. it's the result of photographer power over a fantasy search for a modern juliet in romeo and juliet home town. the concept has 8 actresses or dishing in a fictional casting for the lead role in shakespeare's remand to tragedy and convert them into. this story is

chief global market strategist at invesco, good to see you again. >> good to see you. >> i don't want to imply anything but ieard talk abou december of last year when the dow fell by 8.6%. heree are today, lost another 1%. expecting this month?hat are y >> i actually wouldn't be surprised to see some kind of pullback if we get more negative trade news. but that doesn'te mean should finish the month down. after all, we hav one factor in the market's favor this year favor last year, and that of course is a far more accommodative tfed. >> tde war tren between the u.s. and china and the continuing talks seemsm to l very large over the market. you're of the opinion tha a phase one trade deal is almost certainly factored into the market >> i do believe that. the market has exhibited way too much optimis about the u.s./china trade relationship, so i think it really i setting itself up for disappointment. >> what are the movers for this month that you're watching carefully that will get ur >> i think foremost is going to be ad it's actually not jt u.s. and china, although that's of course st

leaders have begun to arrive for a nato reception house said by the queen we've seen a number of invesco and in the last few minutes again a reception hall said by the queen for leaders on this nato summit. in london now president us neither is in london in the middle of the next in campaign there of course an opposition candidate attacking britain's prime minister for his close relationship with the us president let's bring in a dame baba now who is at a protest in london stratigraphic square against the u.s. president 19 tell us about what's been happening and who's at this protest. will fully here it's a fog a square there have been several 100 people representing a whole range of campaign issues that you might expect a visit by the u.s. president to attract there have been and see nato protesters criticizing what they see as the u.s. is a nuclear arms race after president trump pulled the u.s. out of an important known for liberation treaty we've got people here who are worried about the perceived racism of the u.s. president we've got people here who are talking about what might hap

economist and rob from invesco, income strategist. vincent, i'll start but.e talk about andrew bailey. ow do traders look at that vincent: it's too soon to see where he'll go with this. i'm not saying traders are happy to see carney go but he's waffled. alix: give it a title. don't make it up. vin vent: one minute he's talking tires and next he's talking rates lower. he lost a bit of a grip. we'll see how bailey moves in. i like the idea he's not a monetary policy guy like powell coming in with a fresh look. it's too soon to have a take on it but is a fresh look. >> he knows the institution and is there seven years and been involved in the u.k. financial bureaucracy for years and a steady hand from our lot ective and mia has a of regulatory experience which would be important in a time when the u.k. transitions to a new state. so during the negotiations with the u.k. and europe over the next trade agreement, i think it will be very important his experience as a regulator will come in place. rob: he'll lend a lot of credibility to the discussions. alix: centra

was even asking that and i was a foreman of an must settle on how the left hand as the muscle minus invesco. of a lock on one half i should be doing a whole bottle of t.m.j. in the ad enough to hang me little by the line with us little moment and i'm in and i'm glad he never would have been. but i'm a sucker the good was a delight the only a little heat in the wood you will uppish the album to hades but many hidden a hole was mass going lost a hole and if you don't have it in that and wish then removing that man i had begin to want to don t. it double of the mass of the humble boy and indeed that the friendship he did indeed was a model that they would yell when a husband has been one of the last the loneliness even if he does. that's one part i don't know how to meet then you need to limit your mind to meeting you know and i'm a makeover hindalco might the one on one look away hard at the front of a line and i need them in diplomats i'm going to tell me about a month that i wrote the phantom of the night that i me and if i get to a stranger in here and you know yanick the money will finall

every day, invesco combines ideas with technology, data with inspiration, investors with solutions.nvesting are greater when we come together. ♪ for your worst sore throat pain, try vicks vapocool drops. it's not candy, it's powerful relief. ahhh vaporize sore throat pain with vicks vapocool drops and try new vapocool spray. cheryl: welcome back. i'm cheryl casone in for maria bartiromo. it is tuesday, december 31st and your top stories at 7:30 a.m. eastern time. closing out a record year, futures are searching for gains on the last trading day of the year. the month, the decade. don't let these numbers get you down. it's been a record run for stocks. we took a little bit of a pause yesterday. the dow did close down by 183. but overall, again, an incredible month and year for stocks. we had a strong year for the markets, all three major indices gearing up for the best performance in six years. we're going to give you those numbers coming up. we had sharp gains across the decade. this is what you should be celebrating, folks, is the decade in stocks. we've had a bull market 10 years

every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ ashley: there's no arguing its been a banner decade for stocks, the white house economist peter navarro says that the party continues, he says, into the new year. he is predicting near 3% gdp growth, dow 32000, plus historic job and wage growth. sounds good, right? joining us former reagan economist art laffer. art great to see you. that must be music to your ears. >> great to see you ashley. ashley: do you agree with mr. peter navarro? >> oh, it sure makes a lot of sense to me, what peter strzok saying. this has been a very good economy for trump and there's no reason i can see out there why next year won't be a good year too. it's just what trump has been doing is phenomenon and he's getting the trade deals done, got the tax bill, he's got better monetary policies, deregulation, it's out of the sight wonderful and i see mow reason why the economy won't proceed nicely next year. ashley: now you can t

a case called the invesco case, john mitchell and maury stans have been indicted for seeking to influence an investigation for an exchange of a few hundred thousand dollars contribution. the jury has not been seated. i know i said this to you before, but we will cover it again. if the indictments come down in washington, d.c. come up before the jury is sequestered in new york, mitchell's lawyers will say they have poisoned the jury so you cannot try me in new york. we have got to wait until the jury is sequestered. so sirica is saying, why do you not issue a sealed indictment? i can name myself and we will not place him up there. then he talks about something in regards to his son. they're at the bottom, he says he has been invited to speak by the texas bar association. jaworski is the past president of the texas bar association, so if you were some yahoo in texas and you wanted the famous judge sirica to talk, who would you ask to ask him? you would ask jaworski. i think this is very carefully stated to avoid the knowledge or understanding that it was jaworski who arranged for the invita

friday for the november jobs report joining us now head of fixed income global market strategist at invescowant to talk to brian. you feel pretty good that's nice. you feel good about recess assets and not even defensive recess assets. we used to talk about your concern for a top dollar, a lot. you are right about that the effects of that are going to be negative in some markets. negative in process or economy >> we were optimistics on risk assets if the federal reserve remain tight, if we continue to strengthen the dollar, then you could have a strong dollar coming into this year, it would be a year of weaker growth that's why the markets are up some 25 to 30% they should be pleased they've eased financial conditions markets have responded in kind >> once they had capitulated last year when you shifted to what maybe wouldn't be as negative of overall markets. >> we have been in mind of the secular bull market. we believe it started in 2009. we were never negative in the secular perspective. we were saying that the federal reserve was responding the stimulus which caused this emto raise int

joining us right now to talk with that is christian mamani at invesco.markets guy. >> yes. >> like your story and we just had a guest on who said, don't put any money in the u.s. markets now. things have gone on a nice little tear, nice little run the real action is going to be in emerging markets. is this your moment? >> well, i'm sure as i'm hoping it is finally my moment. the challenge with the emerging markets has been two things. one, the fact that the u.s. dollar has done as well as it has, over the last few years and when the dollar is doing very well, the likelihood that emerging market equities do substantially better than the u.s. markets the other really has been the trade issue. i think both of those issues are getting resolved so the outlook for emerging markets, from equity price standpoint, from a debt return standpoint, as opposed to just economic activities, looking much better. >> the reason i raise the question, you look at what mike just showed you on the screen there, but you look on the screen there, both on european -- did the litt

every day, invesco combines ideas with technology, data with inspiration, investors with solutions.ater when we come together. ♪ lauren: welcome back. i'm lauren simonetti, in for maria bartiromo. this monday, december 30th, 2019, let's get to your top stories at 7:30 eastern time. take a look at futures, the markets looking to score another round of records, dow up 18, s&p up 2, nasdaq up 5. the dow and s&p 500 closing out last week at new record highs. the nasdaq did pull back just slightly after hitting a fresh new intraday high. the s&p 500 up nearly 175 percent this decade, the nasdaq up almost 300 percent. in europe, markets under pressure, half a percent decline in germany. in asia, the shanghai composite up 1.2%, the other markets mostly lower. investors continue to wait on the official signing of a phase one trade deal with the u.s. and china and do keep their eye on north korea and lead her kim jong un as he -- leader kim jong un as he continues his tough talk as we grow closer to the self imposed year-ended line to make concessions for nuclear talks to resume. a cup of co

every day, invesco combines ideas with technology, data with inspiration, investors with solutions.ties of life and investing are greater when we come together. ♪ some people say that's ridiculous. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. ashley: quick peek at the big board. off 180 points. bounced close to 200 point down. we've been in the saming range for a while. down .6 of a percent on the dow. 28,462. >>> newest vacation trend. travelers volunteering to help locals. it's a trend they tell me. susan: definitely a trend. teaching english in bally, renovating temples in sri lanka or renovation projects in zambia. this is travel trend, not only see new places but to help out people as well. popular destinations, bahamas and hawaii and caribbean, you can stay at hyatt hotel and donate to hurricane victims. not only seeing treasures of the earth and help people in need. ashley: very noble thing. the new year is upon us. people making resolution, number one, be healthier. bring in fox news

look at market highs of the morning up 46 points dow industrials former vice chairman of investments invescoglobal markets, this morning reversing course. >> i think it was simply nervousness ahead of trade deal there wasn't if there isn't a trade deal, impose significant did i recalli tariffs could be negative the fact off the table time being a big positive for market in year end december ends up being a pretty good month anyway this being involved is a very important thing, but the key thing for the market participants the fact 2020 is shaping uppity a really good year for three reasons, one, the global economy reaccelerating, again, everywhere not just u.s. but in the emerging markets and some extent in europe as well, second, the fed is on pause, we worry about the fact that the fed may not cut but most important thing with respect to the to fed they've told us that unless inflation comes back, they are not raising rates any time soon means that they will be on as if you for a long period of time, third we are taking away issues with respect to trade conflict trade issues are not going

every day, invesco combines ideas with technology, data with inspiration, investors with solutions.e accidents in virginia we've got breaking news from lauren simonetti on headlines. >> looking at images travels headed owho will daiz 6 9-car pileup brought traffic to standstill interstate 64 near williamsburg virginia some nonlife-threatenings injuries ice and dense fog may have played a big role, tiktok looking to find a location for global headquarters "the wall street journal" says video sharing app wants to set up outside of china, as effort to shake off its chinese image the app faced mounting scrutiny interest u.s. lawmakers because of national security concerns. right now tiktok doesn't have official headquarters but sr., executives in shanghai some cities considered singapore london dublin saikz nonin the u.s. >> former patriot rob gronkowski getting into did christmas spirit. >> every borough with p grinch in foxborough enough. >> addressed up telling story how bill belichick he called greenwich won six resignation saying belichick cut down on players partying put them on d

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