morgan brennan is there, joined by alabama senator richard shelby morgan >> thanks. "squawk alley. thanks for joining us today. i have been working on the deep dive feature of huntsville, alabama, aka rocket city for months i have spoken to dozens of people the one name that comes up over and over again is instrumental, couple aggrevating busine cultivating business is yours. i want to ask your role, cultivating business and bringing investment to huntsville, what you say to companies thinking about coming here >> well, i thank you for the compliment i have worked hard as a u.s. senator to point out that huntsville is a good place to do business they have one of the most highly educated work forces in the nation in science and engineering and companies know that that's why they're going there it all started in the aeriaeriaearl early '50s, dr. vonn brawn and has grown, huntsville will probably be the largest city in the state in a few years >> yeah. it's got roots in government for sure still a government town, dependent on defense scholars, space programs you also h

morgan brennan >> yes, one ms. morgan brennan >>> next up -- >> we're still off the rails, right? impossible foods is launching a new funding route. they're seeking a possible valuation of $5 billion. they reached $2 billion back in may. in order to reach that current valuation, impossible sneeze to raise about $400 million for this round the news helping on the rival beyond immediate is the hype as fake as the protein? >> i think it's interesting we saw what impossible did for burger king. a lot of people thought the miss -- and one of the reason they thought it was lower than expected is because they didn't have a plant-based alternative meat it would bless interesting to see, this talks about a -- how it trades in tandem with beyond meat it would be interesting to see if they live up to the right this market is going larger and larger you have to be in the game. >> but they better hurry, has anybody looked at beyond meat lately it was the hottest ipo so far and it's coming back to earth. >> which is still not bad. >> realie is setting in. >> here's the question we don't ask. is

. >> reporter: for "nightly business report," i'm morgan brennan in huntsville, alabama. >> thank you for watching this special edition of "nightly business report." i'm sue herera. >> i'm bil have a great evening. happy thanksgiving, everybody. we'll see . narrator: funding is for this presentation made possible by... man: babbel, a language learning app thateaches real life conversations and uses speech recognition technology. daily 10 to 15 minute lessons are voiced by native speakers and they are at babel. b-a-b-b-e-l.com. narrator: funding was also provided by... freeman foundation. by judy and peter blum-kovler foundation. pursuing solutions for america's neglected needs. and by contributions this pbs station from viewer you, thank you. rlwoman: and now, bbc d news.

. >> forss "nightly report," i'm morgan brennan in huntsville, alabama. >>> and before wego, here ise look at this unusual day onst wall et. the dwro closing the session unchange at 27691. the last time that happened was in 2014. the nasdaq was up 21 and the apnea fiefd add 4 points. >> ip don't know about you i think i'm going home and drink a glass of milk. >> i have to d my duty as well. for that industry and the state of witness o wisconsin.bu that's "nightlness report" for tonight, i'm sue herera. thanks for joining us. >> i'm bill griffeth. have a great evening.. see you tomorr ♪ ♪ ♪ narrator: funding for this presentation is made possible by... man: babbel, a language arning app that teaches real life conversations and uses speech recognition technology. daily 10 to 15 minute lessons are voiced by native speakers and they are at babel. b-a-b-b-e-l.com. narrator: funding was also provided by... the freeman foon. by judy d peter blum-kovler foundation. pursuingions for america's neglected needs. and by contributions to this pbs station from yo viewers like you, than woman: and n

first morgan brennan is live from rocket city usa and she has a look at what is still ahead. ahead, david 50 years ago this test stand was used for saturn 5 for the rocket plan speaking to the role the commercial sector is playing in the new space era. for a city is famous for rocket science there is more to the growthto f sryor huntsville and we have that story coming up after the break. >>> welcome back morgan brenp is live from rocket city usa taking a look at how it isn't just aerospace and defense companies making their way down to huntsville, alabama, it's morgan as well >> hey, leslie, that's right so huntsville's economic growth has taken off really like a rocket from 2000 to 2017 the huntsville metro area has grown jobs, wages and population at roughly double the national rate and at a time where u.s. unemployment is sitting right near a five decade low, the rate here is lower 2.1% government plays a huge role in that, but so, too, do companies that are increasingly pouring billions into the area not just aerospace and defense it's called rocket city usa. home to the

morgan brennan is live there she's going to give us a look at how the city's top law enforcement officersreporter: hey, court. that's right aerospace and defense has a big footprint here and has for many decades. it isn't just the defense department and nasa. other government agencies also operate in the huntsville area, as well. take the fbi it has had a presence here since the early 170s, but it's currently undergoing a billion dollar expansion, that will add an additional 1,500 to the workforce here associate deputy director, the top executive at the fbi overseeing this expansion tells me the bureau is thinkingof this as an hq2, basically to explosive devices to ballistics, but also on the digital threats of the future. >> our cyber division views huntsville as a current and really future training ground for the tactics, skills, expertise that we need in the cyber realm to work across all the threats we face. >> reporter: so this site is expected to be up and running in 2021 just for way of background, the fbi's longest standing presence here at the arsenal is the hazardous devices sch

i'm morgan brennan in for sara eisen at the boeing post that stock is up 2.5%. you'll hear more from the company's chairman on his defense of boeing and its ceo in just a moment. as for the broader market, we're hanging on to record highs here for the dow, at least, with just 59 minutes left to go. >> i don't like the music, morgan, we're going clubbing i'm brian sullivan in for wilfred today. let's take a look pat what is driving the overall action and those new numbers, like morgan just talked to you about you have reports out there that the china and the u.s. are nearing a deal on lifting certain tariffs. not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. we have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from short hills capital partners steven, good to see you down here at the new york stock exchange >> good to see you brian >> good to see us both here's the thing, earnings, trade, maybe j

that's where we find our morgan brennan. y has been a moniker for how long, morgan >> reporter: since the 1960s really since the 1950s with the launch of the first redstone rocket before that it was the watercress capitol of the world, becky. huntsville's very much a government town, and that's thanks to redstone arsenal which is its own census designated place and the area's top employer also thanks to nasa and the marshall space center has $4 billion impact on madison county resurgence in defense spending and burgeoning commercial space economy is fueling the growth. there's more to this story as well it's called rocket city u.s.a. home to the highest concentration of engineers per capita, an education system that teaches s.t.e.m. starting in elementary school and the long standing ties to aerospace. >> we have legacy. so our aerospace heritage, we work hard to make sure we maintain that. 400 aerospace companies in our market very rich concentration of them and a lot of expansion in that. >> reporter: now huntsville is a ma

. >> and i'm morgan brennan. let's see what's driving the action for this today.e continues to fade into the background from ferrari to berkshir

i'm morgan brennan in for sara eisen. shares of deere on that weak outlook and u.s./china trade war. we've got 59 minutes, though, left until what's looking like another record close for the major averages on this thanksgiving eve. >> good afternoon, everyone. i'm wilfred frost. let's look at what's driving the action today strong economic data another positive signal from business and the consumer. stop me if you've heard this before but investors remain bullish. we are on record close watch for the three major averages, as we stand, the nasdaq and s&p pretty comfortable. the dow just higher, though, by only 0.1%. industrials the only sector in the red. consumer discretion. joining us, josh brown from wealth management. >> well done. >> what did i say? >> i'm not sure. it was cute. >> i got close enough. >> let's stay on track nasdaq, dow, s&p. >> with almost nothing in the red at all. >> it's bigger than that 52-week highs for the slf. bank sector. very, very key incredibly bullish consumer sector spydr. look at the usual suspects, xlk. off the radar things that ar

. >> i'm morgan brennan. let's look at what's driving the action today a murky outlook on china trade negotiations another retail report. macy's is today's laggard. weaker labor and manufacturing data adding to the case for a slowing economy. joining us for the hour, stephanie link great to have you. what do you make of this market right now? >> i have fatigue over trade i really do. it's impossible every day it changes. so i'm trying to ignore it and focus on fundamentals. today i thought we got some good data on the economy. the philly fed better than expected vince were better than expected meaning he they went own maybe we're bottoming. let's see the flash pmis tomorrow existing home sales up 5% year-over-year good consumer, let's talk retail earnings have been very good minus department stores and some one office. i think that bodes very well for the consumer >> fatigue over trade but excitement over m and a. >> very much so. >> i'm still excited by trade. >> i'm more excited about bristol-myers closed e

of course hovering around their own fresh record highs >> i'm morgan brennan.'s look at what's driving the action trade concerns remain in focus china's ministry of commerce said both countries are still holding in depth discussions new data showed the biggest rise in producer prices in six months and a mixed bag fo

. >> i'm morgan brennan. what's driving the action today a murky outlook on china trade negotiations another retail report. macy's is today's laggard. weaker labor and manufacturing data

i am carl quintanilla with morgan brennan and jon fortt at post nine of the new york stock exchange busyket day. we're going to start with tesla obviously, elon musk's reveal of the company's new cyber truck. phil lebeau has more about the window shatter heard around the world, phil. >> and a lot of people are watching that, carl. can't say the unveils from tesla are boring they showed the cyber truck last night, the design had people saying whoa, what is that. when you look at this truck, it starts at 39,900 when delivery starts in late 2021, early 2022 range of 250 and 500 miles right now, analysts are underwe underwell whunde underwhelmed the appearance was met with criticism. colin rush says we anticipate the majority of consumers will not be inspired by a vehicle so different from current norms as for the armor glass windows and failure, here's what elon musk had to say. >> we threw wrenches, literally threw the kitchen sink at the glass and it didn't break. weird reason it broke now, i don't know why >> not the first time a live reveal of a new vehicle hasn't gone as planned. as yo

record all-time closing high the dow and s&p, though, set to miss out as things stand >> and i'm morgan brennanisen let's look at what is driving the action on this friday afternoon. president trump telling reporters he has not agreed to roll back tariffs yet, as part of a phase i deal with china more evidence of consumer strengths today as an early read on sentiment came in ahead of peat

positive is another record all-time closing high with 59 points left in the session >> and i'm morgan brennan for sara eisen let's look at what's driving the action today the mood in beijing about a possible trade deal with the u.s. has turned pessimistic. a source tells cnbc that trade uncertainty weighing on oil prices and bond yields today and new data sho

. >> i'm morgan brennan in for sarah eisen. reports of a possible delay in the signing of a phase one deal. data taking a bearish turn as u.s. productivity dropped for the first time on a quarterly basis since 2015 and one bright spot hp rising 8% on news xerox made an offer to buy the company. josh brown, wealth management. josh, great to see you today. >> what's going on >> s&p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. >> i think you nailed it that's exactly what i see going on indices are stalling out given the run-up, i don't think, should be a huge surprise. rates are higher, which is interesting. lot of the big winners of the year, like iyr, xlu. anything rate sensitive also taking a breather. xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i can't remember how long that's an overbought index when was the last time we were talking about the banks being overbought you have this confluenc

. >> and i'm morgan brennan. let's see what's driving the action for this today. lack of bad news around china as the trade continues to fade into the background from ferrari to berkshire hathaway and mcdonald's is the biggest drag on the dow. coming up on "the closing bell," uber results are after the bell. and we will have a live and exclusive interview with the ceo of the company dara cache sha hee you don't want to miss that in one hour keith, great to have you here. >> great to be back with you >> another record day of highs for the s&p and nasdaq and now the dow which we haven't seen a new record for the dow since mid-july >> i think we trade higher into the end of the year for lots of things going on. if we start getting capex where things are going with trade talks, then you'll see this rally not only continue through the rest of the year but into 2020. >> all right >> all right so it is an incredibly busy monday for the markets and your money. we've got the record highs that morgan just talked about bob is all over that you've got michael santelli. kate r

of course hovering around their own fresh record highs >> i'm morgan brennan. let's look at what's driving the action trade concerns remain in focus china's ministry of commerce said both countries are still holding in depth discussions new data showed the biggest rise in producer prices in six months and a mixed bag for dow component earnings joining us for the hour is stephanie link great to have you here i think that's exactly where we should start we had earnings from walmart and cisco. cisco is the drag on the dow how would you characterize how it reflects back to the broader market >> last quarter the same thing happened where cisco disappointed and walmart posted a better than expected number. this is what this economy s-what this market is enterprise spend is weak on trade concerns and uncertainty and that's not getting better any time soon versus the consumer being very strong those numbers are very impressive 6.6% stack comp for walmart. it actually kratd. ecommerce sales 41%. estimates are going up for walmart and going down for cisco and i don't thi

i'm morgan brennan in for sara eisen at the home depot post sales miss, that's dragging that stock downw, which is taking the broader market with it away from those all-time highs hit again at the open this morning. that said, s&p's right at the flat line. we've got 59 minutes left to go. >> we do, indeed good afternoon i'm wilfred frost. let's take a look at what is driving the action this afternoon. president trump threatens higher tariffs if china does not make a trade deal kohl's, macy's nordstrom's, sharply lower. and while that might be a red flag for the u.s.

i'm morgan brennan in for sara eisen at the nordstrom's post in what has been a week of wild retail swingsares of jwn is up 12% right now on the heels of earnings, broader markets are higher too we have 59 minutes left until we put this trading week to bed >>> i'm carl quintanilla in for wilfred frost. we've got some positive comments from both washington and china, calling investor worries over deal negotiations the data pretty good today, as manufacturing and sentiment beat expectations the nasdaq is set to set a

i am carly fiori i am carl quintanilla with morgan brennan and jon fortt a big week in northern californiaom jon in a moment. what a day tons of record highs for stocks and indexes overall. the dow hits an all time trading high, first time since july. we turn to mike santoli with what's happening. >> the big picture in terms of overall market is removal of points trade deescalation, low yields it is happening at the same time where some more emerging consumer tech companies have been punished brutally last month and last week, wayfair, grub hub, etsy, pinterest, beyond meat, yelp struggled. what's going on here is i think some of the real emerging business models are having a reckoning, relationship with the consumer through an app is not enough and essentially after uber and wework debacle, people wonder if the leading edge of consumer tech is worth owning the question now is what it means for the overall market in a sense, it ratifies why amazons and facebooks have the valuations, scale is so important in this area i think you can make the point that essentially we've quarantined the ove

i am carl quintanilla with morgan brennan, jon fortt at post nine of the new york stock exchange record all around the board. dow, s&p 500, nasdaq, but we'll begin with news regarding ford forward looks to do apples to apples with tesla. elon musk tweeting a response, quote, bring it on and calling into question the physics behind musks video of the tesla towing the ford f 150. is this really where we are? >> my mom might be watching, i am going to keep it clean, this is a classic measuring contest if ever there was one. morgan, do you know of any woman watching this tug of war with any kind of great interest mary barra is probably not even watching this. this is classic like testosterone driven man versus man type thing. >> the nerd truck narrative lives. the truck will be sold to nerds, right? that's the niche product they're aiming for >> i won't call it nerds, but if you look at the numbers, the number two, two top states for electric vehicle registrations, use that as a proxy for tesla, california and new york. the ford f 150 is the number one selling vehicle in the country in 46 s

i am morgan brennan with mike santoli, david faber, live from post nine at the new york stock exchangearl quintanilla is off, jon fortt is on assignment but we're going to begin with wework losses balloons to 1.25 billion in the last quarter. roger mcnamee joins us, along with business inside henry blodget. good morning roger, i will start with you losses at wework, the turmoil continues. >> the thing that scarce me about we work, it could be a trigger of other issues in the market it is huge the scale of investing in unicorns that were i think at best unproven, maybe at worst not real businesses is such that as the stuff implodes, it could take softbank with it. softbank is big enough to trigger all kinds of issues for the market. >> you're scaring people saying it could take softbank with it significant losses, no doubt that's a few steps down the road the saudis are 45 billion in, they're getting 7% deferred return, and then other investors, it is not clearly softbank at risk in the way you -- >> if they blow through enough money, it signals a fundamental change in how we perceive n

i'm morgan brennan in for sara eisen. shares of deere on that weak outlook and u.s.es, though, left until what's looking like another record close for the major averages on this thanksgiving eve. >> good afternoon, everyone. i'm wilfred frost. let's look at what's driving the action today strong economic data another positive signal from business and the consumer. stop me if you'v

on wall street, and "squawk alley" is live ♪ ♪ ♪ ♪ >>> good morning i am carl quintanilla with morgan brennan fortt at post nine of the new yorkstock exchange we're starting with disney in focus as shares surge post earnings julia boorstin sat down with bob iger after the call, joins us with more of that important conversation hey, julia >> reporter: well, carl, while disney parks and movie studio division continue to outperform, the real focus this quarter is disney's digital future with disney plus, the streaming service launching tuesday. without revealing any early subscription numbers for disney plus, bob iger told me he does expect the service to get off to a strong start. >> it is ready to go i am glad to say we tested it in the netherlands, we'll talk about that on the call, it was successful. it did not have original content but was well received, not just in terms of number of subscribers but the user reaction to it, very, very and a half -- navigable, great access to our brands and story telling. >> he announced new distribution, a deal with amazon to be accessible on fire stick an

. >> i'm morgan brennan in for sara eisen at the humana post on the new york stock exchange.4% getting a lift following a health care pricing speech from president trump just moments ago the rest of the market is higher as well. we're actually at session highs with the dow creeping closer to 28k. all the major averages setting records. we'll see if we get record closes and we have 59 minutes to do that. >> good afternoon. let's have a look at what's driving the action positive headlines from the national economic council director

. >> and i'm morgan brennan in for sara eisen phase one trade deal may not be completed this year. retail is recovering with target and lows shooting higher on strong earnings and fed minutes just out officials seeing little need for further rate cuts. joining us for the hour, josh brown, ceo for wealth management. >> what's happening? >> the president stepping off the plane. >> yeah. look at this. >> dow is down 142 points, s&p is lower, too. trade, is trade once again dictating the action again today? >> at the margins. i don't think the majority of market participants are making big changes in what they're buying and elling. even if there's resolution on, quote, unquote, phase one, will be with us for the duration. if you are somebody who was going to make a radical change to portfolio based on trade, you've had two years to do that. i really don't think that we see the market, dow down 100 poins,s s&p off slightly, that anyone is saying there's a huge shift in thinking it's important to keep in mind, we have had quite a run. we haven't had a down 1% day in the s&p 500 since oct

i'm morgan brennan in for sara eisen at the boeing post that stock is up 2.5%.ore from the company's chairman on his defense of boeing and its ceo in just a moment. as for the broader market, we're hanging on to record highs here for the dow, at least, with just 59 minutes left to go. >> i don't like the music, morgan, we're going clubbing i'm brian sullivan in for wilfred today. let's take a look pat what is driving the overall action and those new numbers, like morgan just talked to you about you have reports out there that the china and the u.s. are ar

i am carl quintanilla with morgan brennan and jon fortt at post nine of the new york stock exchange record as you know by now, up almost 250, yields close to seven week highs >> carl, we have record highs in all three major indexes. you can see behind me, you look at those particular moves with the dow, s&p 500 and nasdaq, we will put stars next to every one, record highs for every one of these indexes, and trade optimism fueling a lot of that you look at sector leaders over the course of the past month that pushed those averages toward record highs, within the s&p 500, financials, industrial, technology up 10% for financials, 9% for industrials, technology up 7%. these two sectors, tech and industrials are close to their own record highs now, on pace for some closes at record levels then if you want to look at stocks within the dow, check out these names, ones more tied to trade optimism or pessimism throughout the course of the last year, shares of caterpillar, 3m, up 14 to 24% for cat. morgan, i point out, record high for apple shares keep an eye on all trade sensitive stocks, driving t

i am carly fiorina with morgan brennan and jon fortt at the new york stock exchange.highs for the s&p and nasdaq earlier in the session, dow on pace to post the best gain in about a month on the heels of a good jobs number, decent ism bob pisani has more. >> we are starting to break the new narrative out there that we're going to have a slowdown in 2020. remember, the recession narrative have gone away, worries of three, four, five months ago, no more. gdp is 1 to 2% now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more we're taking the edge off the slowdown narrative that's why things are moving up. we not only have a strong jobs market, markedly strong revisions people weren't anticipating then weak manufacturing. but new orders were generally good still 49, above expectations that's what you're looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, that's the key. here's what you need to think about. what will it take to m

i am carl quintanilla with morgan brennan and jon fortt sirius xm ceo sits down with david faber in anotherc exclusive this morning, that's moments away a ton of news, impeachment, trade, retail. we'll start with this bombshell, schwab in talks to buy td ameritrade becky quick will join us in a few moments. a lot of conversations about what we think the brokerage business is now with zero commissions, how it leads to advisory services and implications around financial services. >> it is best performing stock in the s&p, e*trade the word speaks to the fact there's expectation of more consolidation. what it means for tech startups, names like robin hood and names out there, brought in disruption, now being given a run for their money. >> i don't know why e*trade is the word in terms of more consolidation. you would think that's a big plump turkey ready to be stuffed. >> i think the market expected that name to be first to be taken out. >> often times when these things happen, the next one ends up getting bit up thinking back 20 years to when e*trade was robinhood. they were the new kid on the

"squawk alley" is live ♪ ♪ ♪ ♪ >>> good tuesday morning i am carl quintanilla with morgan brennan atne of the new york stock exchange. jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with shantanu narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. guys, good to see you. dan, how much is this downward trajectory in price driven by model complexity relative to competitors? >> it is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. you combine that with what they're spending on eats, that's the one, two punch sending the stock down, could be an avalanche with lock up expiration. >> do you buy the target of adjusted profitability by 2021 >> i do. i think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22%, a four percentage point improvement from a year ago. if they continue on that pace of improvement, get to 30% segment margin, take uber eats business

i am carl quintanilla with morgan brennan at post nine of the new york stock exchange.ortt joins us from investor day for qualcomm, first one since 2016 a lot from jon throughout the hour, including a sit down with the ceo exclusively in a few moments. we start with tech on a tear, on pace for the best year in a decade, shrugging off mixed earnings concerns. sectors off another record close. the dow is selling off, down 120. buyers beware. some say we're set for overbought conditions when it comes to tech. we talk more about this and the market at large. the chairman of global internet banking, good to have you back. >> thanks for having me. >> how do you put the run we've seen, especially in things like semis into context what's driving it? >> it is amazing, nasdaq up 28%, driven by bigger cap companies, apple up over 60%, microsoft up over 40%, facebook up over 40% to add to the point, semis has been a sub sector, up 58%, driving growth other sectors up 40% give or take, so it has been strong across the board, internet trailing 11% or so try to put it in context, what

i am carl quintanilla with morgan brennan at post nine of the new york stock exchange. the world's largest 24 hour shopping event, alibaba singles day coming to a close. >> reporter: that's right, carl, just closing out at a figure of 268.4, mark the record from last year 31.8 that number is ticking up, more and more chinese consumers continue to purchase things via alibaba sites. a lot of it driven through imported goods, showing a lot of love for american brands as well the u.s. one of the top countries where chinese are buying from the site apple amongst some of the top items. you're also seeing a little bit of strength from some smaller cities, beyond beijing and shanghai, showing a little strength as well a slight indication along with some positive earning reports over the couple of quarters toward strength of the chinese consumer that's looking robust, despite concerns about economic slowdown i will point out the figure they posted is a significantly slower growth rate than last year's singles day, year on year. that perhaps speaks to the fact this is a singles d

i am carl quintanilla with morgan brennan and jon fortt at post nine of the new york stock exchange record across the board as the dow is up 129. session highs now. >> absolutely. we're going to start with apple at fresh highs shares of the tech titan hitting records as three wall street analysts upgrade price targets on the stock mike molson upped his bet on apple from 270 to 290. dan iefs sees it head for 325, and another raises to 290 from 280. joining us, dan ives happy friday >> you too. >> quite a run for apple from here, up 38% in the last 12 months, consequently up 30% in the last six months. those first six months, wasn't doing much, what convinces you, is it mostly the iphone that's got that much more room, 24% or so from here to run? >> great question. there are two components to the bull thesis, a lot more fuel in the tank one in terms of iphone 11 and 5g combined, i view it as a super cycle in the next 12 to 18 months we think you have 400 million iphones from demand cycle still on the horizon, and all our checks show continued up tick not just here but china. and second, the

welcome to "squawk alley," i am carl quintanilla with morgan brennan and jon fortt.esting monday morning getting news a few moments ago that the president met with jay powell earlier today, tweeted about that got a statement from the fed as well as the market tends to struggle a bit this morning for some direction joining us, michael puree vis, and pete stall good morning, guys good to see you both >> good morning. >> news from the fed first and then the white house is interesting. what could they have to talk about? seems like the macro -- >> i think it is interesting you listen to any earnings call in the last six months, how many of them are belly aching about cost of capital not hot enough, not low enough there was some belly aching about trade. >> and dollar strength, sure, but the dollar strength has been persistent but hasn't been dramatic not a reply of the 2015 and 2016 which threw earnings off it has been a gradual steady rise that allowed ceos to manage more effectively, at least to manage the street better on that >> do you think spending confidence retur

i'm morgan brennan in for sara eisen at the nordstrom's post in what has been a week of wild retail swings. shares of jwn is up 12% right now on the heels of earnings, broader markets are higher too we have 59 minutes left until we put this trading week to bed >>> i'm carl quintanilla in for wilfred frost. we've got some positive comments from both washington and china, calling investor worries over deal negotiations the data pretty good today, as manufacturing and sentiment beat expectations the nasdaq is set to set a seven-week win streak and tech is the second-worst performer in the s&p. joining us for the hour, barbara duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right? >> that is for sure. and i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. and we have yet to see the effect of the interest rates next year. but trade, i think, it's what people are expecting is that there'll be no more bad news i think hoping fo

positive is another record all-time closing high with 59 points left in the session >> and i'm morgan brennan in for sara eisen let's look at what's driving the action today the mood in beijing about a possible trade deal with the u.s. has turned pessimistic. a source tells cnbc that trade uncertainty weighing on oil prices and bond yields today and new data showed home builder confidence ticking lower in november though still largely positive. joining us for the hour is mark tepper from strategic wealth partners mark, welcome. >> thanks for having me. >> even as i just went through those different points that are driving the action today, we've got records again for the dow and the s&p, albeit just barely. >> right, yes. i mean, all investors are pretty much still risk-on and what's most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but we're at a new all-time high. the market has shifted from one of economic deflation to policy reflation and that's typically good for stocks, right a low inflation, slower growth economy is go

. >> i'm morgan brennan in for sarah eisen. in the signing of a phase one deal. data taking a bearish turn as u.s. productivity dropped for the first time on a quarterly otsis since 2015 and one bright

wall street and "squawk alley" is live ♪ ♪ >>> good wednesday morning, i'm carl quintanilla with morgan brennan jon fortt. the president this morning set to tour the mac pro assembly plant with apple ceo tim cook. eamon javers will raise the curtain on that this morning. >> reporter: you're playing "just the two of us" and it is going to be about just the two of them. the unlikely relationship between donald trump, the president of the united states, and tim cook, the ceo of apple cook has spent the past several months cultivating a relationship with donald trump largely, i'm told, by going through the trump family having conversations about technology with melania trump at dinner at the white house. talking with ivanka trump about workforce issues he's cultivated that phone call relationship with the president. i asked the president why he seems to have such a good conversational ability with tim cook the president told me a couple of weeks ago, the reason is because cook is the one ceo in incorporate america who actually picks up the phone and calls him when he has something to talk about. to

i'm carl quintanilla along with morgan brennan here at the new york stock exchange. more day of jon fortt's time out west, this time in san diego at qualcomm headquarters 58 points only for the dow but we'll begin with uber and the expiration of that post ipo lock-up period meaning that an estimated 90% of shares are now available to trade at a new record low in the stock today. it was off the lows but down another buck and change means it's hanging on to $26.78. foundation partner paul holland is with us along with mike isaac of "the new york times," author of "super pumped, the battle for uber." good morning, guys, good to see you both. >> good morning. >> hey, hey. >> mike, because we're all trying to gauge the interest in owners alleviating themselves of shares in this expiration, do you get the sense that they want to sell or are shares so underwater that they're going to hang on? >> yeah, you know, it's been kind of mixed. there's a lot of employees i've been talking to that are basically all sweating right now. i was getting these messages last night and one o

" is live ♪ ♪ ♪ >>> good monday morning, welcome to "squawk alley," i'm carl quintanilla with morgan brennanon fortt. we will start with uber. they lose their license to operate in london. regulators citing a pattern of failures from uber that place passenger safety and security at risk cnbc contributor kara swisher joins us to talk about this. >> how are you doing. >> not too bad we will see how the appeals process goes, the big question is whether other cities follow suit. >> it's a troublesome thing. uber has been struggling for a long time in these cities and actually the first thing that the new ceo who came in after travis kalanick did was go to londer to assuage the critics there. it was one of his first international trips and it was very soon into his becoming ceo. so it's really problematic if they don't get these cities straight, especially london which i think is its biggest revenue generator after the united states. the thing is it comes after a couple of really big stumbles including dara's unfortunate interview he did with axios where he seemed to not defend the saudis, but wa

i'm carpal kwinquint nilla with morgan brennan fed chair powell is expected to testify in just a few moments. we'll bring you his testimony in full once it begins. ahead of that we've got every angle covered. steve liesman, rick santelli, bob pisani, tom porcoli. >> fed chair powell is telling joint congress that rates are on hold unless there is a big change to the outlook. the operative sentence, we see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our policies of moderate economic growth. what would it take to change course developments that would cause a material reassessment of our outlook, which is say the bar is kind of high bmo writing the chair stayed true to the patience script, confirming that rates are likely in an extended holding pattern powell also asserted that monetary policy is not on a preset course. while he said the overall economic outlook is good, risks do remain. among the downside, biz investment is restrained by slow global growth and by the trade war, t

i'm carl quintanilla with david faber and morgan brennan in for sara eisen at post nine.te that slight disappointment in consumer confidence the melt up here continues. record highs across the board and a fresh 52-week high for the russle >> our road map starts with more record highs for stocks as you heard just say the nasdaq and s&p hit the open. >> the tariffs impact on retail, we'll talk with the ceo of dollar tree with the stock sinking on today's numbers. >> what mike bloomberg's presidential bid means for the democratic field with the race for the white house heating up. >> let's start with the health numbers. best buy is moving higher after posting better than expected results raising its forecast ahead of the holidays. dick's shares surging after reporting its strongest comp since 2013, more than double the system over there. dollar tree is the blow up down sharply after lowering its holiday quarter outlook, citing the impact of tariffs. later this hour an e cluesive with the ceo gary philbin, one of the worst laggards on the s&p this morning if there were succes

i am carl quintanilla with morgan brennan and jon fortt sirius xm ceo sits down with david faber in another, that's moments away a ton of news, impeachment, trade, retail. we'll start with this bombshell, schwab in talks to buy td

i am carl quintanilla with morgan brennan at post nine of the new york stock exchange.ba singles day coming to a close. >> reporter: that's right, carl, just closing out at a figure of 268.4, mark the record from last year 31.8 that number is ticking up, more and more chinese consumers continue to purchase things via alibaba sites. a lot of it driven through imported goods, showing a lot of love for american brands as well the u.s. one of the top countries wher

morgan brennan in for sara eisen live at the post nine of the new york stock exchange.ning here and record highs for the nasdaq at least. good trade headlines and plenty of m&a >> we'll break it down for the morning. >> plus ebay is selling for another billion-dollar and over $4 billion we'll speak to the ceo on the acquisition. >> later, ronger federer to joi us as we said, we'll begin with the billion-dollar deal. acquiring tiffany. deal's worth 135 a share the companies expect to complete the deal by mid-2020 guys, as cramer said in the last hour, he hopes at least that tiffany benefits from lvmh's robust customer relationship management, right? something he heard about last week. >> he was focused, jim was, on the ability to target customers and understand what they're doing and how they're doing it and something he put in contrast to tiffany at least. if you're a shareholder of tiffany, you are done. you will get the money and go. they seem tock pleased with the $135 a share price that has been agreed to by both boards and started at 120 lvmh and worked up to $135

i'm david faber with morgan brennan and mike santoli, live from post nine here at the new york stockhange. let's give you a look at futures as we get ready to open a shortened training session today, this day after thanksgiving we're looking for a slightly lower open on all the major averages european markets open for some time let's take a look and see what the tone has been like over there as you can see the ftse all ahead for the session so far. ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1.78. let's get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed holiday season, retailers raking in a record 4.4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. >> the final trading day of november and stocks pointing to a lower open on this holiday shortened session. >> buffett thwarted, the oracle of omaha's latest attempt to put his cash hoard to work, outed by by apollo global. >> we begin wi

i'm morgan brennan in for sara eisen at the home depot post sales miss, that's dragging that stock down 5% right now, which is taking the broader market with it away from those all-time highs hit again at the open this morning. that said, s&p's right at the flat line. we've got 59 minutes left to go. >> we do, indeed good afternoon i'm wilfred frost. let's take a look at what is driving the action this afternoon. president trump threatens higher tariffs if china does not make a trade deal kohl's, macy's nordstrom's, sharply lower. and while that might be a red flag for the u.s. consumer, housing data rebounded with building permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s&p has just dipped negative the dow has been negative for most of the afternoon. joining us for the full first hour of the show, steve weiss from short hill capital partners steve, very good to see you. how you doing? >> good to see you >> what stands out as to whether or not we're going to issee a meaningful move higher