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

you will hear what mark hurd has to say we are 200 points looking to higher opening back in a minuteclock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> 14 months low, russell is back-to-back 1.5 decline we'll get cramer's "mad dash" and the opening bell in

interesting to see if he brings elon to heal, ellison famously chastise hewlett-packard for firing mark hurdinteresting, right? wells fargo, that stock is up today after the company agreed to pay $500 million to settle claims by u.s. states to create phony accounts. improper auto loan and mortgage contract changes. two years ago, wells fargo paid 190 million to settle claims on same issues. paying out a lot of money. this time the dough will go to attorney generals to dole the money out to consumers. back to you. blake: gerri willis live on the floor. thanks. stocks are down for the year globally as china takes the title of world's worst market in 2018, losing $2.4 trillion. other nations struggling as well. is the u.s. poised to be on top by default? to fox news contributor phil flynn. phil, what do you make of that? >> i make of it, it is the best of times, it is the worst of times. it sounds dickensesque here today. we look at the stock market. we look at challenges we're seeing in the global economy. whether it be china or europe right now. the u.s. is still the best of the bunch. when y