tom: mike bell and valentin marinov, greatly appreciated.he discussion of the global economy -- and turn tor it a black friday that is not much of a friday. this is bloomberg. ♪ ♪ tom: good morning, everyone, thrilled you are with us this morning. markets,ay about the and we can do that with michael bell of j.p. morgan asset management. i look at the equity call and what i see is a huge percentage of retail and institutional who haven't done 25% per year. our "surveillance" question is simple -- how do you catch up at these values? mike: the difficulty is that this year, the equity market went higher almost entirely on value expansion. the earnings growth for the u.s. has been pretty much flat outside of the u.s. earnings contracting, and even for mid-and small-cap companies you see a contraction in earnings growth. we will need to see earnings pickup which requires a turnaround in the global economy. it could come from a rollback in tariffs, but absent a rollback in tariffs, it is not obvious you will see a meaningful acceleration in earnin

communist party to go in and collect information america even send out its big guns with mike pence and mike bell to europe warning them about chinese tech threat the united states has also been very clear with our security partners on the threat posed by. another chinese telecom companies the chinese government can rightfully demand access to data flowing through one way and z. visa systems why would anyone grant such power to regime that has already grossly violated cyberspace but when they're asked the boat evidence they cannot provide any of the other had germany and the us have a little bit of a recent history when it comes to spying after that and this a scandal over the alleged happening of chelsea or ankle of merkel's phone even though relations between the 2 countries were a little bit intense in 2013 u.s. companies were not banned or sanctioned in germany it seems plain the good regime battery card is kind of working out for washington as it tries the distance beijing from the european market apparently some are willing to put morals over facts and comparing the u.s. to china is morally

bell on this monday. let's start "the claman countdown." liz: secretary of state mike pompeo has just finished a news conference at the state department during which he announced that the trump administration will reverse the obama-era position on israeli settlements. he says that the israeli settlements on the west bank are quote, not inconsistent with international law. already we are getting reaction from palestinian negotiators who say the trump administration's settlement move is quote, irresponsible u.s. behavior. obviously, this is only adding to tension in the middle east, an area which for centuries has continued to have real heat and problems. we will keep you posted on everything else regarding that. >>> elsewhere in the mideast, saudi aramco has dropped its plan for an international road

so coming up here on "closing bell" healthcare has been a superstrong sector this year but not all groups within it have been leaders mikeo the telestraighter with that when closing bell comes back. we started livongo with a vision of transforming the health and care experiences of people living with chronic conditions. we believe that our unique member experience will soon transform the healthcare system as we know it today. nothing could be more meaningful than impacting the health and happiness of our members and we're just getting started. health and happiness of our members ♪ yes i'm stuck in the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a problem. but the ibm cloud is different. it's open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. so it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. ♪ ♪ >>> send it over to mike for his final dashboard of the day mike. >> contessa, healthcare, as dom was saying before, second best

broader market in 2019 but options trader bet for big things when square reports tomorrow after the bell. mikehey, mike. >> square did see about two times the average daily options volume when i looked at this earlier today. implying a move about 8. % one way or the other by the end of the we can. well above 6.35% averaging the last eight quarters but probably makes sense given the if a accurate that last quarter we saw a big decline in the stock much large rn than implied by the options market right now the sentiment overall was fairly mixed one of the tradeswork, the largest trade actually i was looking a was the weekly 63, of 6 call spread, somebody spent about 96 cents for that a thousand times that's a bullish bet making through the 63 strike price by at least the dollar they paid break around 64 level maybe looking to the 66 level or slightly above at least one trader is making a bullish bet into urngs earnings but making risking little. >> what do you make of it karen. >> i think i did it at 139 maybe sold it at 16. clearly missed the ride. i like the company tp there are interesting th

day, we are now in the closing bell market zone, commercial-free coverage of all the action going into the close. right now we are on record watch. >> we are indeed as mikeall too well, he's here to break down these crucial moments of the trading day. we've also got lindsey bell from ally investor. also, as we said, set for three record closes. they will be on the right side of your screen throughout. let's kick things off with apple. john has more on jpmorgan's latest note on the company. >> one of a few upgrades for apple and even though apple is up 38% in the past six months, 71% in the last three, jpmorgan says there's still room to run the reason why, well, potential upside from high margin services, saying apple could put a lot more ads into searches, growing ad revenue at a rate of 28% a year now, jpmorgan also has an optimistic take on apple's new streaming service, apple tv plus, which i thihas 100 millio subscribsu subscribers in just four years jpmorgan projects services revenue will grow 17% in fiscal 2020 that's a point better than the previous target, guys. >> john, it's pretty incredible. shares of apple are up 68% year-to-date and jpmorga

thank you. >>> up next on "closing bell" we drill down on oil. mikerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. the amount of student loan debt i have, i'm embarrassed to even say. we just decided we didn't want debt any longer. ♪ i didn't realize how easy investing could be. i'm picking companies that i believe in. ♪ i think sofi money is amazing. ♪ thank you sofi. sofi thank you, we love you. ♪ >>> we have one more dash board from mike santoli. i'm sending it over to you for it. >> well you say maybe you are a value investor, contrarian liking to buy discarded assets did can you summon the nefb to buy betten up energy stocks. >> can you buy the oil and gas exploration etf? this is over two years obviously it's not been a great story for any of this. but crude clearly outperformed the exploration stocks in particular very cleardown trend i think this is part of the lesson of being a

bell. check it out, mike. >> i have to sign up, first. >> were you in a high school musical? >> me?dering. >> i cannot sing. no. my sister, my mom, beautiful voices. me, i got t aleti genes, sort of. mayn the chorus. >> no. fifth grade, they're like no, don't come back. thanks. here's a look at what's going on in san rafael as you look to the south. it's a little hazy out there. definitely going to be a cloudy day today with cooler temperatures. back to average where we should be. it will feel like november. a few sprinkles possible, that's it. drizzle possible tonight. building warmth with much drier weather saturday, sunday, monday. here is an area of low pressure passing to our west. then we have got a few green blotches out there. that's the verga i'm talking about. tonight this low will keep us in that pattern with a chance of drizzle, sprinkles and verga through tomorrow midmorning and then that's it. you can see some of the green there along the coast. that's some of the drizzle possible today. oland rhmnd sin s fncco mateo erye else in the to t upper 40s to upper 50s. anothe

bell." let's send it over to mike santoli for his final dashboard of the day >> markets on a roll as we've talkedeat decade. but with the forward looking returns, they are expecting ennaoui on the starting point right now of valuations in low bond yields. this is from morgan stanley suggesting the 60/40 allocation mix is going to trend down in terms of the annualized returns probably towards 4% to 5%. it's actually been very strong in the past ten years. about almost 10% which is an unusual level, of course, back here in the late '90s, early 2000s. this is where the math takes you. it's not really a firm prediction based on anything except starting valuations and where bond yields are right now. jpmorgan had a similar one although, guys, i guess if inflation stays around where it is which is probably an input to some of this, 2% real, 3% real returns annualized for a low mix, maybe not that bad. >> yeah. i look at this chart and can't help but think maybe it's time to rethink the 60/40 breakdown >> but to go where the world just because you need higher returns doesn't mean the world is out there

bell." let's send it over to mike santoli for his third dashboard of the day mike >> morgan, one big questionand elsewhere, union or division there was an op-ed by carl ican in the "wall street journal" today about some efforts on the s.e.c. that he sees as hostile to activist investing regarding proxy advisory look how activist investors have done relative to the s&p 500 in recent years not very well. activists, hedge funds are in yellow right here. two years they outperform. 2015 and 2016. that was kind of the heyday of activism going out, saying that companies should recapitalize or break up or change their strategy it's been pretty poor in the last couple of years now, take a look at the spin-off stock index. this is an exchange-traded fund, cfd is the symbol. it's recent spin-offs, how they perform relative to the market that also basically peaked a couple of years ago. it's been an awful performer historically, spin-offs have been very good performers long-term, a lot of hedge funds involved maybe this is something to do with it. there is a theory out there going around, that perhaps ac

bell." let's turn it over to mike santoli for his third dashboard of the day mike >> morgan, the headline indexesod story, down less than 1% from their highs, going pretty much sideways, but the message of the mass of stocks, that kind of broad collection of names, somewhat different a little bit of a divergence that people are watching right here in blue, this is the net number of daily new highs so it's number of new highs minus new lows obviously, it's kind of faltered it's sort of got to the top of this range and this pull back. this is as of about a day ago and shows you that the market, the index itself has continued higher that's a little bit of a cautionary sign. it shows you there's kind of this pull of profit taking and tax loss selling a lot of names not participating. however, i want to point out that we've gotten to these points before where it's reached a ceiling in terms of net new highs and it's trended a bit lower, where the s&p has managed to go higher, 2016 and '17 it's not decisive about what the indexes do, but it shows you you probably need some good rotation to happen if yo

the s&p at 3,133. >>> good afternoon welcome to "closing bell." >> i'm courtney reagan with mike santolick on where the market closed. all-time closing highs for the three major indices once again the dow getting into the territory towards the end of the session. up 189 points for its 13th record all-time high the s&p having its 24th record the dow having its 19th record close for the day. tech the winner today leading the market high by 1.4% within the s&p. only one sector in the red that was utilities which tells the bullish constructive tone of the markets today. >> the rugalrussell 1000 higher. we'll bring you the numbers as soon as they cross joining us to talk about the market day, stephanie link, head of equities research still with us, along with larry adams, chief investment officer at raymond james. mike, we did it, closed record highs across the board for the three major averages does it tell you that the least resistance is higher >> it does suggest that. last week the market was flattening out and showing some wear and tear. was it resting or just kind of pausing to refresh

bell". let's sends it over to mike santoli for his third dashboard of the day >> are we seeing cresting confidence investors there's a brightening mood this is the differs between bulls and bears. the investment advisory sentiment. getting up to this upper range a 40% gap between bulls and bears and we see that prominent high we see early 2018 probably won't get there we're at a level where the market tends to slow down, maybe pull back. although, again, 2017 we managed to stay up here for a while. i think it's fair to say this pause in the rally has a lot to do with sentiment getting slightly ahead of itself it doesn't always coincide with a top. more or less confirmed with other surveys. the individual investor poll did show a backing off on bullishness. high neutral to slightly extreme in terms of optimism >> i don't know. confidence with this chart thing iteration. i don't know >> such a quickie. you don't have to bring too much more attention to it >> thank you very much meantime williams sonoma is out with its earnings. >> reporter: so third quarter for williams sonoma, pretty strong quarter

. >>> after the break on closing bell, investors have a lot to be thankful for and mike santoli will head to the telestrator for the key factors that led to the rally. >>> nasdaq and 2019 ipo race a new proposal could open the door for more direct listings at the big board. we'll discuswi vs thice chairman john tuttle. stay with us so servicenow put your workflows in the cloud, huh? mm-hm. your employees must love you. thank you. ah, you could say that. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. >>> 43 minutes left to go. shares of box jumping as well, after reporting better than expected revenue, raising its four-year forecast, as you can see that stock almost up 10% dell technologies falling after posting an earnings beat and revenue miss, also cutting its full-year revenue forecast, citing shortage of chips from supplier intel. >> let's get over to mike for today's market dashboard. >> hi, wilf. good to talk to you i want to all

bell." i'm wilfred frost. >> i'm morgan brennan in for sara eise in and mike santoli is joining us. >> eekingin, albeit less than ten basis points slight decline for the dow nasdaq down by more than a third percent. health care top of the pile. >> josh brown, ceo wealth management is along with it as well as victoria fernandez cross mart global investments. mike, after a series of record highs earlier this week, is the best way to categorize the action we saw on the market today stocks taking a breather >> yeah. i think the market is digesting a pretty aggressive move s&p is up 6.5%, 7%, august lows closer to 8% was sentiment going too giddy? indexes looking a little stretched causing a pullback so far it's just going sideways and churning a bit and trying to cool off a bit as opposed to pulling back hard. we'll see if that continues. the thing to continue to watch is whether sentiment and people's positioning gets too aggressive after this pretty strong rally we've had. >> victoria, we're up record market highs does that mean you've been taking profits >> we've been taking a little bit from

bell vo) looking to buy? enterprise makes it easy. >> i mike emanuel in washington and these are the top stories at this hour.ere's nowhere else he'd rather be to celebrate thanksgiving then with american troops in afghanistan. the president made a surprise trip there today. also use the visit to meet with afghanistan's president and announced that they have restarted peace talks. legislation signed by president trump supporting their movement. china says the implementation of the bills will undermine cooperation in important areas. ousted navy secretary richard spencer says the commander in chief president trump has very little understanding of how the military works. it is the latest in the burgeoning conflict in president trump's military intervention. now back to "the five." ♪ >> dana: happy thanksgiving, welcome back to our "animals are great" special. everybody knows america's dog jasper but we wanted to look at some of the furry friends of your favorite fox host to you may not know. watch this. >> juan: and i'm here with pepper, wesley, and eli. we've got some special guests. the dogs. they get to gath

bell". i'm wilfred frost. >> i'm courtney regan along with mike santoli >> let's check in on where we closehe dow and the s&p. the nasdaq chloeing at 8434.5 was just a record close itself by fractions of a point but very close to one record closes for the dow and s&p. nice little tick up in that final. minute of trade which offset some of the prior declines in the final hour so financials led the chart higher >> russell 2000 higher by .3 percent. we'll get result from disney, dropbox, booking holdings and zillow we'll break down those numbers as soon as they cross and have a live interview with disney ceo bob iger joining us to talk about the market day is stephanie link and jeff stout joins us. all right. mike we got a record for the dow and s&p but like you pointed out sort of lost some steam. you thought markets are looking for an excuse to go higher >> look the market is in pretty good shape we've had a 7% move higher to a new high in the s&p in five weeks. that's pretty decent little run and up 9% since the loss of august so that tells you that the trend is okay, the question is whethe

mike bloomberg for president. provided by --siderati >>> in our "e.t." birthdays which child actor appeared in the pilot for "saved by the bell3. >> thank y so much for helping me out. >> it's my pleasure. >> don't forget to watch ncis l.a. sunday. we'll leave you with a little christmas spirit. a behind the scenes look at the movie "noel" streams now on disney plus. >> let's get away for the weekend. >> ty built a santa's village in vancouver. bill her plays santa's son. >> i don't want to do this. >> anna kendrick is nta's daughter and don't be surprised if she ends up in the red suit. >> this movie is about her finding that perfect. it's a privilege to wear the suit. put - [narrator] the following is a paid presentation for inogen oxygen therapy. if you or someone u love requires supplemental oxygen, day's very special proam can change your life. if you've been chained to an ox tank, you already know the burden of tank tanks are often heavy and hard to lug around tanks lit your activities and prevent you from traveling. and hard to lug around tanks keep you from living the life you ve. then there's the cstant worr what if-

with 22 minutes left before the closing bell, let get over to mike santoli for his second dashboard nowy. >> one of the four horsemen, the nasdaq is going to be reporting earnings today for those of us who have been around a while taerks surprising it's a low-key event going back 22 years, this is the amazing thing here this is a monthly. on an intra-month basically it got up to $600 billion relative to the size of the market in 1999, it's bigger versus the market than apple is versus today's market. what happened, you had the crash. great business but ridiculously overvalued stock extremely long kind of rehabilitation process of the company, it's now a steady grower but slow growth look how it's pulled back from its highs. lots of buybacks has kept the market cap from going a bit higher than it has it has been a big returner of capital. look at the valuation. similar story, trajectory f anything, more dramatic. up there 100 times earnings at the peak you're actually below the market multiple at 14, 15 times earnings one of the more remarkable things about cisco, it has seven-year bonds

the president's re-election campaign >>> we're less than 45 minutes away from the opening bell on wall street. mikestion about where they go from here. >> this two year chart really tells the whole story. it is a clear but maybe tentative breakout we got a little overbought it is about 2.5% above the july high we have not had one of these new highs get at least 3% above a prior high since january of 2018 so that is about 3115 on the s&p. take a look at the russell 2000, this shows more back to the upper end of a long term range that has been stuffed. the good news is it doesn't have any magical predictive powers for the overall economy, but it does show you that it is struggling to break out of this range. we've been well blelow the 2018 highs. and the treasury yield, not too far from expectations. this shows you that it is still trapped in the lower zone. so maybe that shows you we need to settle out here for a little while. obviously still well off the low, but not yet back to that pre-july high above 2% on the yield. >> mike will stay with us. our next guest says equities are still in the early

mike thank you. >> early today, his great pleasure of sitting down with retired staff sergeant david bell avia awarded this year. >> when you look at vietnam generation. we learned a lot of valuable lessons about putting foreign policy above the valor of a generation, today veterans come home, treated different by the general public. always great to hire more veterans and normalize service. but i am pretty optimistic, as an iraq i hav vet, i am overjoyu on the american public can differentiate between the veteran and the policy in which they went to war. it would be great to employee more folks and have other -- there are certain fields that you just don't see a lot of veterans in would great to see more veteran teachers, more veterans in you know arts. broadway, an, film. >> how do we did that. >> a lot is, you know so funny, i go everywhere in the country, now i talk with different groups, down see a division that a lot of people talk about. i see you know a folks that are different, they love different, they worship different, they vote different, but in military we got it done. melissa: one thing

bells for cindy crawford's daughter? >>> plus -- >> "e.t." at the ama. >> -- from red carpet run-ins to sexy styles. what you didn't see on tv. >>> and mike tosorrentino is rit here. >> making sober sexy again. "e.t." starts right now. >>> welcome, everyone. we are high above times square getting ready for thursday's thanksgiving day parade. >> we are so excited to have you join us. kevin and i will be hosting for cbs again. >> you guys are going to be great. keltie, you've been everywhere. >> yes. i was in l.a. at the american music awards. it was the best over girl power show. >> you don't want to miss that. but one music star not there -- justin timberlake. >> he was spotted with another woman and that lit social media on fire. >> that's justin, his wedding ring off, holding hands with his co-star on a balcony overlooking bourbon street in new orleans. this exclusive video was shot before midnight on thursday after a day of filming the movie "palmer." in it, justin and co-star alisha wainwright play lovers. angina an aye eye witness says the pair was deep in conversation. justin appears to be pretty drunk in the video. at one point you

mike thank you, good to see you both. matthew and mitch tell me about the theme, ring those bells. >> we know how to bring some festive holiday, that's the title that we are going with every year, our ring them bells show is on december sixth and seventh in san francisco. at 7:30 both nights and also at 3:00 p.m. on the seventh. >> you guys are great performers, some of the shows are sold out already. >> our december 1 show in berkeley has already sold out. >> what is coming up after that. >> our december sixth and seventh shows and then we have a show on december 15th on sunday at the music center and then we do our classic of the holidays are here in the castro. we do a show at 5:00, 7:00 and 9:00. >> talk about the show. what is in the show. what will we see? >> that's the cool thing. >> there is a bit of everything, we pay some homage to the classics, we have silent night and hark the herald angels sing and jingle bells. we have one that is called the elf broadway musical where we are doing christmas songs to the tune of broadway hits like wicked and dear evan hanson and hamilton. i have a solo where i am doing a parody,

first bell and spotlight was in the sixty's with songs like riveting mountain high . but it's only $176.00 she shared the stage with husband mike turner later she would reveal that join the relationship she was regularly beaten and sexually abused see . how marriage from hell was at the core of the tina turner bio pic what's love got to do with it i mean 1st let me show you. the divorce pushed her towards financial ruin she was forced to perform in tiny crabs and to get a training job but she triumphed over adversity and managed a remarkable comeback. the album private done so it was a global hits and going to her for the grammys tina turner was back on top at the age of $45.00. and 2019. the tone of the musical was launched the singer herself says she doesn't intend to take to the stage again. gina china now lives on lake huron in switzerland with german of in the back who she married in 20 such a team of friends she will always remain. happy birthday tina turner a quick reminder of the top stories that we're following for you here at the news the cultural disaster after a smash and grab raid on the royal palace in the german

but before that earning, reporting after the bell tomorrow and the traders in the options market are betting on big gains. miketh the action >> calls outpaced puts by 2 to 1 on double the average daily options volume representing about 120,000 contracts total trading in the options implying a move of 3.7% on earnings that may seem modest given the moves in other stocks. but it's worth noting this is a stock mochgt less than 1.5% on the last eight quarters. where we saw motivate october was the november 22nd weekly 135 strike calls that's capturing both of the upcoming events. between 10 and 10:30 and nearly 13,000 traded all day buyers of the calls bet the calls with rallying through the $2 strike price they paid. they may be targeting the all-time highs they saw in august, a little more than 10% higher than now. when we look at some of the things guy was talking about, disney, like many other stocks is trading close to if not at the peak valuation on a variety of metrics it would make sense to use inexpensive call options to press the bullish bets here i think. >> the bar is high in other words going into thi

bell" market zone. commercial-free coverage of all of the action as we head into the close. >> cnbc senior markets commentary mikehere as always to break down the crucial moments of the trading day. and today we've still got barbara duran from bd8 capital partner. she'll stick with us through the market zone as well. best buy put up a strong quarter, revenue also topping forecasts. comparable sales up a better than expected 1.7% and an increase in the full-year earnings forecast as well. ceo cory barry told me on a media call that the uncertainty around the impacts of tariffs from last quarter is a bit more certain that we're closer to year end that's not the case for dollar tree while the retailer also beat profit estimates on stronger than expected revenue with comparable sales growth, it took down its earnings and revenue forecast, which now account for the impact from tariffs as well as margin pressure from lower smarng consumable products that segment is growing faster than originally forecast, pluz higher distribution center payroll and other expenses, sending shares of dollar tree markedly lower by almost

bell," everyone. i'm wilfred frost. >> and i'm morgan brennan in for sara eisen along with mike santoli. >> let's checkfinished as you can see, record all-time closes for the three major averages, albeit only fractional gains today. 29points, 0.1% for the dow s&p just getting positive in the final minutes of trade to join in as well >> and joining us to talk about the market day, mark tepper, founder and ceo of strategic wealth partners, is still here with us, along with mark lusheeny with anney, montgomery, scott. triple ms on set here today. mike santoli, i'll start with you. >> and an upside down "m". >> so i guess it's quadruple anyway mike santoli, fresh, record highs for all the major averages, albeit, just barely. >> just slight it's a little bit of an upward drift or a trudge. it's not as if people who came into today and said the market's hit a record high and i'm either really excited by that or really spooked by that. that's probably a positive also, the market declined the opportunity to sell off on what seemed like some adverse trade talks news this morning. i think that shows the stakes a

meantime several companies reporting after the bell today including streaming service roku shares up 40 since august. a lot of people excited about that. mikeart with roku, we got out, i'm afraid on how it may react to earnings because i think it's so volatile, what do you make of it? mike: anybody watching your show, if it's going to keep running to astronomical levels, maybe they will miss out on it. but with all the competition in streams it's more of a trade than long-term investment. a guest, beth, listen to her target, watch. >> it's going to keep going up into the right, again, pullbacks, but very promising area because of how big the opportunity of connect tv, supply and demand bottleneck, you can go well over 250 on roku. charles: $250 a share, another 110 points here. that sounds really enticing. mike: people are raising expectations, a lot expected from it, any sort of takeup on the conference call would lead to selloff, i wouldn't jump in front of earnings. charles: you bought uber today. mike: yes. charles: lockup, no one knows when they'll make a profit including the company itself, why buy it today? >> bought it today, i boug

volumes, right, mike >> lower volumes but i think the friday, you know, people actually pay attention to how the markets end. >> yeah. >> major highs and lows. >> that does it for "closing bell." >> "fast money" begins right now. >>> live from the nasdaq market site overlooking new york city's time square this is "fast money. i'm melissa lee. it's tim see more, brian, 10% over the past ten months they give us the favorite names in the space bright spot in energy. the chart master has one name that's poised to pop the one chart that caught tim's attention this week. he'll tell us what it is we kick things off with a bang >> oh, my god. >> the expletive tesla shares like the window of that trurk getting smashed today. analysts and investors a little car sick the company's futuristic and funky. now you're hearing from tesla's ceo elon musk. we get to phil lebeau with the latest >> reporter: melissa, a tip of the hat. i believe it was yesterday was it guy that said sell on the news >> yes. >> reporter: it was. he deserves a tip of the hat he would not be surprised if shares dropped today they did that's because a lot of people are looking at the tesla cyber truck saying how much

mike nicco loves it. the line is so long. there's something about the combination of "it's a small world" and "jingle bells" it triggers me.ferent languages? >> it triggers me. the volume is the loudest thing i've ever experienced in my life. >> just as loud as the lights are. there's nothing quiet about "it's a small world." here i am! >> yes. it's not subtle. i love it. it's the last thing we do every christmas season is go on that. then walk through the park. it's nice and quiet. there'od thi'mppit reggie. here's the golden gate bridge. let' get serious about that fog. it's thick. here's a look from emeryville. it's more widespread. probably the most widespread it will be the entire week. it will lead to a milder afternoon. high pressure is coming over the top of us that is creating the fog. rinse and repeat tonight. dry and mild pattern persists through the extended. the cloud cover should fade faster than yesterday due to the fact that high pressure is over top of us. drier air will move in. that's why i'm expecting temperatures a degree or two warmer today. a lot of mid to upper 70s. 80 in santa rosa. yucaipa, 82. 78

bell". i'm wilfred frost. >> i'm morgan brennan along with mike santoli >> let's check in of where the markets closed almosty another bang on flat for the dow but as you can see up 0.004% but that's a record s&p taking those into another record closing high. the nasdaq just missing out. russell is a miss from its record close materials or utilities led the charge >> transports were higher by .3%. we're moments away from an earnings report from applied materials and nvidia joining us to talk about the market day, james bianco and stephanie link but first, mike, let's start with you the fact that we closed at records but oh, just barely. >> yes i do think the real message the market has flattened out, refusing to pull back in any substantial way. it's managed to stay right in the range of all time highs without really having much force behind these moves so i think you have to say that's a net positive that the market is refusing to come in. on the other hand, the ten year treasury yields is down. it's defensive sectors are working. using up a lot of energy to tread water before we take a break and a rest for

. >> under an hour actually now to the opening bell you know what that means mike santoli standing in moving things around. >> working up to that. >> in "groundhog day" bill murray goes like that. >> i'm practicing. remember how the weather mapp used to write backwards. >> it's reverse. what we do have is a look at some of the biggest tech stocks. another round of pressure on google in terms of news anyway attorneys general looking the at the business this is google alphabet against the nasdaq 100, microsoft and facebook over the last year. it's hard to look at this chart and say you have a discernible effect of concern about threats to the business model. foogle here has basically tracked the nasdaq 100 not as well as facebook under some regulatory threat alphabet, if you want to subsequent say some of the premium has been taken out of the company. forward pe for alphabet has trended from its highs in 2018 this is against the s&p 500, so it peaked what about 1.7 times the pe multiple of the market. now it's around 1.5. again very hard to see the market done think it has to price anyt

mike bloomberg and i approve this message. >>> travel consideration provided by -- >>> tomorrow on "e.t." we're taking you behind the scenes of the thanksgiving day parade. >> it will be spectacular. >> plus kaley cuoco and lake bellny of this interview? >> then "ncis la" reaches a milestone. tomorrow on "e.t." >>> which legendary singer turned down a role in the color purple? that's tina turner. if you're wondering how she feels about it, listen up. >> i'm 80. i look great. i feel good. i'm happy to be an 80-year-old woman. >> i don't know what it's like to be an 80-year-old woman. >>> well, we're going to leave you with something crazy for everyone who has ever been dumped. not that any of us have. >> we haven't, but ekevin has. >> i've been dumped before. i can be honest. >> be happy it's not the way mark mcgrath did it. >> this is a little difficult for me to say. >> imagine getting this video from cameo. >> she wants to be friends right now, bro. the long distance thing is a little difficult, but she wishes you nothing but the best and you wants you to know good luck on your thesis coming up. probably not the best timing, cheyenne. ♪ when it's over >> this went viral last night. the sugar ray frontman joked a

bell uncensored. their new series that might make big bg fans blush. >> will you use any of this interview? >> close captioninprovided by -- he could'vjust been the middle class kid who made good. but mikeguy who did good. after building a biness that created thousands of jobs he took charge of a city still reeling from 9/11 a three-term mayor who helped bring it back from the ashes bringing jobs and thousands of affordable housing toll of gun violence... units with it.after witnessing e he helped create a movement to protect families across america. and stood up to the coal lobby and this administration to protect this planet from climate change. and now, he's taking on... him. to rebuild a country and restore faith in the dream that defines us. where the wealthy will pay more in taxes and the middle css get their fair share. everyone without health insurance caget it and everyone who likes theirs keep . and where jobs won't just help you t by, but get ahead. and on all those things mike bmberg intends to make good. jobs cator. ader. problem solver. mike bloomberg for president. i'm mike bloomberg and i approve this message. ♪ >>> welcome back to "entertainment tonight," everybody. onl

bell but that's not all uber insider lock up expires wednesday. freeing up more shares to hit the market if you want to get in on the action buckle your seat belt because mikeas a strategy for you. >> we are looking at a call calendar here. you know, as you pointed out there is two very meaningful catalysts. first of all not that much of earnings history for uber. so in cases like this where you have stocks where they recently ipo'd very often the earnings tend to be more volatile than subsequent years after more history and investors are better able to digest the news and information that they are receiving. but of course the lockup expiring is a big catalyst and potentially can put a lot of pressure on the stock. you know, one of the things that causes is exceptionally high options premium. we are seeing the implied move of 13.5% translate to market capitalization of $7.2 billion in the stock but the point i make here is there is two opposing forces we're not expecting good news out of earnings. this is a company burning through a lot of cash. we are not expecting a profit. they could potentially offer some form of upside surprise the other thing is there

bell fair. >>a billionaire.what else? what does he bring to the race? >> he brings a good record as new york city's mayor. there's two mikeombergs. one wants to regulate the sodas and confiscate your guns and so forth. the other mike bloomberg helped drive down crimes to record lows in new york and start charter schools in poor area to give people a choice and also just sensible policies on zoning to allow businesses to flourish. the problem is, a lot of this is not popular in the democratic -- paul: with the democratic party. >> i mean, look, for a party that people are saying maybe we shouldn't have two billionaires, they now have two billionaires competing for the nomination and i think bloomberg whatic was a great position on crime is going to come under question in the way kamala harris' record as a pros cue r tore and joe biden's -- prosecutor and joe biden's support for the crime bill has, so it's going to be e explosive. paul: the other billionaire is tom steyer who doesn't seem to be going anywhere. bloomberg is thinking of getting in here because he doesn't think the other candidates are up to beating trump or h

asked over and over again why didn't alarm bells go off with more of the officials who were on the july 25th phone call when they heard this, why didn't mikeompeo think that -- because, as we heard from sondland's testimony today, they all knew what was going on. >> and the ukrainians knew what was going on, too. the ukrainians were very well plugged in. >> and also speaks to a problem for working for donald trump. and that is this kind of behavior is normal. top aides get desensitized. >> and laura cooper is walking in now. laura cooper, the deputy assistant secretary of defense for russia and ukraine and asia. >> and when they got -- >> and there is david hale, the undersecretary of state for political affairs. go ahead. >> cooper testified whenever they got the surprising call that the aid was being withheld that on that call the line from the white house was this was coming from the president himself. and so she's someone who is going to be able to testify the view from the department of defense, how involved was the president, what was being communicated to them about why this aid was being frozen? >> that is another interesting thing

this could be headed for mike bloomberg and the democratic party if he does eventually end up in this race. >> good to see you >>> leon cooperman will appear today on the closing bellxclusive interview at 4:00 p.m. eastern. he will discuss his support of mr. bloomberg's potential presidential run you won't want to miss that. >>> and coming up, a closer look at why gap can't seem to close the gap with other retailers and what it will take to turn that company around >>> plus, friends and money may not always mix but it's a growing trend in housing we will explain. ahead. ricans during the recession. so, my wife kat and i took action. we started a non-profit community bank with a simple theory - give people a fair deal and real economic power. invest in the community, in businesses owned by women and people of color, in affordable housing. the difference between words and actions matters. that's a lesson politicians in washington could use right now. i'm tom steyer, and i approve this message. what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it eas

bell," everyone i'm wilfred frost. >> i'm morgan brennan in for sara eisen along with mike santoli, senior commentator. >> down 0.4% forhe dow, s&p, nasdaq down a little more, 0.5%, russell down 0.4%. utilities outperforming and closed meaningfully high communication services and materials all towards the bottom. >> josh brown, ceo of wealth management is still with us, liz young, director of market strategy of bny melon. mike santoli, let's start with you. off the lows of the session. >> got a little bit of a test, right? the headlines about maybe we're not going to get this phase one trade deal by the end of the year and the market leaning into that, as everybody has been observing, looked a little bit stressed, sentiment was complacent the top started to spin a little slowly after a few days, just kind of sitting there. it was knocked over. didn't change much by the end of the day. market kind of held in there bought this little dip, at least on the initial move. it doesn't change the overall picture. although a slightly more defensive tone creeping in parts of the market. >> if we didn't get a phase one deal this s

mike bloomberg getting in the race he says changes potentially everything about the race. catch us "after the bell" on 4:00 p.m. today is the final full trading day of the week heading thanksgiving. friday is a shortened day. we'll see you back on "coast to coast". 1 in 5 people you meet wear dentures. yeah. that many! but right now, is not the time to talk about it. so when you're ready, search 'my denture care'. poligrip and polident. fixed. fresh. and just between us. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives. robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. and you know what they isay about curiosity. it'll ruin your house. so get allstate and be better protected from mayhem, like meow. connell: so the third richest person in the world, founder of lvmh, bernard arnault reportedly on track to become the riches

bell. >> plus, billionaire battles elizabeth warren staying on the attack, saying they're crying about her wealth tax this as billionaire mikeloomberg considers a run for president. >> as we said, closing out a big week for stocks, new records and reach as investors weigh more china tariff rollback talk first up, though, jim, a very special show coming up tonight. >> yeah, look, we're at the place, i think, epicenter of what i regard as being the new wing of our defense. that -- i say that because it was in 1959 they created this academy. it is a very special place and i'm glad i have that accompany music. we want to talk about not just what is going on here, but what goes on after service, why we're bringing in kevin johnson from starbucks. he's one of the most committed, along with jamie dimon, not just in saying, but actually doing, hiring people that graduate from military and looking for jobs. so i'm proud to be here. i'm proud that they're letting us be here we kind of invaded their turf and i can't wait to speak to them >> the campus, the air force academy. >> many, many years ago. >> just incredible. >> you grew up n