nasdaq up about 80 points. the s&p 500 energy sector while up 7% year to date is the worst performing sector in 2019. our own brian sullivan looks at what to watch in oil, gas and energy in the year 2020. >>> stag nant oil prices, heavy corporate debt loads and conscious investors selling off stocks slammed the industry in 2019 all this as the u.s. reached a major milestone becoming a net exporter for the full month for the first time in 70 years all this as the race for another kind of development, so-called rare earth minerals heats up here is what to watch for in 2020 first, a wave in bankruptcy. companies may have to endure a number of reorganizations. companies dealing with a huge amount of debt unless oil jumps in price, they will look to reorganize obligations. after years of courtroom battles between the hedge fund and government of venezuela, the final battle will come in 2020 it is likely the courts will rule against venezuela allowing s citgo to be seized and auctioned off. if you want to build an en

relative performance of nasdaq over s&p tech bubble peak in 2000 that's when the nasdaq hit 5,000.here's your crash that's the tech bust and then 2002, 2003 this relationship bottoms boy, what a steady, consistent uptrend we've seen here. actually flattened out it shows the u.s. market has been mostly about the dominance of secular growth stories which are also dominating the nasdaq right now and have for a long time >> the gradualism of that makes you think it's not mania like we saw in the late '90s. >> has become the overall economy or at least the s&p 500. the top four stocks in the s&p all stocks seems like more of a reflection of what the market wants to capitalize right here. because the economy is moving in that direction. >> mike, thank you anastasia, when you see the nasdaq hitting this big round number of,00 9,000, what does it tell you even though tech is up 50% this year, i don't expect that's going to slow down next year the interesting thing about tech spending, for example, was actually essentially flat this year it was up about globally 0.4%. next year we expect th

a historic level for the nasdaq. is it important for the markets overall and sentiment heading into next year >> well it all starts with value and we measure the broad u.s. market to be priced about 13% below our estimation of fair value. so we expect this move to continue into the next year as prices just try to catch up with value. >> so prices catching up with value seems odd when we talk b about value at these levels and the only reason why i bring it up is because i went and looked and as of yesterday, we had nine straight record closes for the nasdaq the last time that happened was yes, 1998. we remember what it was like back then. is it bub ligs environment now >> also remember in 1998, a lot of that was played by the dot com mania that has taken over investing and a lot of those nasdaq names that's not the case today and actually when i think about going forward, what happens in 2020 is we're going to get introduction and the launch of 5g really around the world which is going to be the next revolution really

and you know, the nasdaq, let's go back to this.through the 9,000 level last night for the first time ever. this is the longest string of gains in 34 years for the tech-heavy index, names like microsoft, amazon, apple, netflix, have all had a strong year. we're going to talk about it a little later on in the show. really strong markets this week. tracee: we have seen for the week all three major u.s. averages up. cheryl: all right. your 401-ks are safe to look at and our other top story this morning is congress. they may still be out of session this week but the battle over impeachment is back in full swing as democrats defend their push for witnesses. tracee: democrats say this is helping them ahead of 2020. ray bogen breaking it down in washington. >> reporter: they say all politics is local and president trump is using that mantra to a attack house speaker nancy pelosi's district and ask if she'll be challenged in the primaries. he tweeted, california leads the nation by far in both the number of homeless people and the percentag

of 2019 and, of course, now the countdown can continue to nasdaq 10 k. >> exactly if you remember, nasdaq 5,000 was the landmark in the year 2000. so it's not quite double that. the s&p 500 has in fact well over doubled its previous all time high. so this shows you where recently the strength has been in the market but it's been a long come back >> apple, 10% of the nasdaq. >> microsoft, too. heavy weights in the true sense of the word. >> and so many of those companies, though, that have really transformed are in california >> yes, they're in california. >> jane, you talked about the culture. the question is, you know, will we see more tech startups and more tech companies leaving california or will we still see the young people who want to work in hollywood or want to work in tech feel like california is the place they have to be >> you're going to see the start-ups here people in other states will start thinking i do want to move there? how much money am i going to make if you're a tech millionaire, that's one thing f you're making $100,000 to $200,000, that's when you start to wonder,

the nasdaq ros9 today and s&p added 16.rank holland starts us off tonight on the nasdaq record run. >>> the road to ntds was paved with compute chips yoga pants and lattes it's not surprising that chips are arj factor. amd seeg the biggest improvement since the nasdaq crossed the 8,000 mark in august of 2018. lam research and broadcom gaining more than 50%. consumer stocks pushing the nasdaq higher. yoga pant maker lulu lemon rising 67% since the 8,000 mark, starbucks gaining 66%. charterne communications of the biggest cable providers in the nation gaining more than 59%. theso-called fang. and microsoft had the biggest impact on the index. but they were mixed on the road to 9,000. stocks they typically gbo a t this time of year. the so-called santa claus rally. but with the nasdaq chosinging at another record, some experts believes the gai could be more than just seasonal. for "nightly business report," frank holland. > also helping to proposal the sdaq has been apple. it's also been the bestng perfortock in the dow this y

nasdaq crossing that 9,000 mark. looks like it will continue. nasdaq up 36 points.up 10 points and the dow jones will open up 100 points. >>> 2019 turned out to be a very volatile year for social media companies. the industry has been getting a lot more attention from lawmakers on capitol hill. julia boorstin has the social playbook for 2020. >> reporter: in 2020 social media giants will navigate regulatory scrutiny. social platforms will limit ad targeting to comply with laws and to get ahead of more regulations. with california's new privacy law and concerns about foreign interference ahead of the election, they will take dramatic steps to show regulators they're pro ticketing consumers and that will affect facebook's bottom line second, facebook will look to grow its position in e. commerce, gaming and other positions. facebook will be blocked from using $52 billion in cash for major acquisitions but it will do smaller aqua hire looking to diversify away from ads in the news feed third, tiktok and snap will continue to grow and distance themselves from facebook a

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the interesting thing about the triple qs or the etf for the nasdaq 10 oh or lack at the nasdaq 100 we know that apple dominates this index and this is apple -- pick whatever point in the road you want in 2019, it's 70% from june, it's 50% from august, 50% for apple from august. and that's -- that's how you get to a nasdaq at all-time highs. microsoft and apple leading the which. today a little amazon for good luck but it's lebron jamesly out of this. >> which is amazing, dan, because apple 50% this quarter and the slowdown in iphone sales from china that's why i alluded to to the fact that not saying fd don't matter but concerning news around apple haven't had any god news been concern. and goes high sfwleer apple started the year january 2019 guiding down guiding iphone sales ended down 35%. here working on a low base off expectations for you the year the trailing 12 months earnings and sales flat year over year from the prior year. but a stock up 82% on the year it started at 14 times where people are saying if china is slowing and iphone units aren't growing 14 times is expensive b

nasdaq up by 10 and a quarter.r need a break, we have the tips to make your upcoming trip go a little more smoothly. you're watching "fbn: a.m.." ♪ you would not let me. ♪ 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. ♪ ♪ at chwe're a festive family. we're a four-legged family. we're a get-up-and-go family. we're a ski family. we're all part of the chevy family. and as we kick off the new year, we'd like you to be a part of ours. because our chevy employee discount is still available to everyone. the chevy price you pay is what we pay. not a cent more. so happy new year, and welcome to the family. the chevy family! the chevy employee discount for everyone ends soon. what are you doing back

nasdaq slipped from the peak but still remained above 9,000.he notched the fifth straight week of gains. >>> finally before we go we have news to share with you. after nearly seven years and more than 1700 broadcasts tonight's episode ofnightly business report" produced by cnbc will be our last. it been an amazing journey for sue and me, and for tyler mathisen and suzie gear aifr before. nbr was createdly binda o'brien who i happen to know is watching with great pride tonight. it's been an horp for all of us both in front of and behind the camera to bring you the most important business and economic news every ni we want to thank everyone in the public television community for their support. but most ofl, we couldn't have done this without you, the viewer. so from all of us at nbr weu thank ery much. i'm bill griffeth. to close things out i gladly defer to thean who for many years was synonymous with this program, the laet grate are great paul kangas. >> wishingll of you, the best of goodbyes. ♪ ♪ narrator: funding for this presentation is made

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the nasdaq up nearly 35%.e closed for boxing day but asia green arrows across the board the cost and shanghai composite all higher. bay beijing and major investment and structure and closed today and speaking of that, chaos in hong kong continuing. christmas bringing more protest and violent l clashes with police there. we know terry accusing demonstrators of ruining the christmas holiday. plus impeachment held up president trump lashing out at speaker, nancy pelosi as she holds up articles of impeachment while the senate battles over witness withs. and here with me to break it all down this morning capital market chief economist john is here and strategist and monica and wall street editor page james is freeman guys good morning. >> good morning, cheryl. a lot to talk about but i can't stop thinking about these markets and how fin credible it is with all of the political craziness that we've had in 019 and going after president trump. that the markets are doing this. something to behold. >> it is. i think it

let's send it over to frank holland at the nasdaq. >> looks like the nasdaq is going to narrowly missh record close today and well, right now, it's been changing a lot. facebook is leading all the f.a.a.n.g. stocks and some of them moved lower as we approached the closing bell. the entire index being dragged down lower by alphabet and also and apple shares, still both within about a percent of their all-time highs american airlines, as we enter bear market territory today, down about 23% from highs in august, possibly on concerns about higher oil prices. the biggest gain on the nasdaq 100 today was actually liberty global that's the largest cable provider outside of the u.s. both classes of its shares, up about 1.5% going into the "closing bell. over to bob pisani at the new york stock exchange. >> and we're fading a little bit going into the close maybe that's understandable. remember, this is technically the last day of tech selling you can do so if you want to sell something before the end of the year and make sure it closes, settles, you have to do it today. so there may be a litt

finally, we got the nasdaq through 9,000. very big finish for the nasdaq. tech very critical part of stocks move. we'll talk about amazon for just a second here. the company saying they added five million people as prime members over the holiday season. they said it was a record holiday season for them. they did very well indeed. and, just adding a lot of people who can add to their bottom line. some of the people actually signed up for a trial membership on prime. others actually paying that $119 a year. so amazon, with a very good day. meanwhile, apple also pushing the nasdaq to new highs, finishing record territory. apple a big player this year. that stock is up more than 80% i believe this year. it has done, very, very well over the course of the year, despite big questions about how it might perform. there is a lot of skepticism this time last year about apple. very different scenario though from last year. as you know, we finished the year on a sour note as we had major selloffs. this year, that did not happen. we got a lot of investors in the market

we watch nasdaq 9,000 mark.elow it but above it earlier first time ever. >>> minimum wage goes up in 20 state across the country. that will happen new year's day. that is something to watch. jackie deangelis watching it for us today. >> thank you, connell. that is great news for a lot of folks. minimum wage set to rise in 21 states january 1st. this is coming after the democrats pledged to get the wage up to $15 an hour, push it higher. that is something that would need to work its way through the system. a lot of approval and red tape there. but these changes i'm talking about are coming from the states, and dozens of cities. they will be happening very quickly. the increases vary. anywhere from 10 cents which didn't seem like a lot but $1.50 an hour could make a difference. 6.8 million people will see a change in their paycheck. it will add up to more than $8 billion in 2020. some of the key states, california, an additional dollar per hour there, it will go up to 13 bucks. in new jersey, another dollar, from

the nasdaq started a decade ago at 1000.att: is that underpinning the consumer strength that we see here? everydaym line is your consumer going out and spending money that has boosted the tech stocks. >> absolutely. ago, jump back three years the american consumer is the significant leader here. saw a deterioration in trade. the wages and the employment structure is exceptionally solid. three years ago, the trade was jumping to $51,000. that is the reason why we have solid consumption and numbers. could you see stocks rising further? ratio oning at the p/e the nasdaq. it is already pretty rich. mentioned, it is over 9000. up 35% year to date. amazon or apple going to power the nasdaq to even higher highs in 2020? last 12n see that the months, significant stocks and tech stocks in particular where the key winners. we may see rotations. there is absolutely no reason to be bearish. every single factor we look at from a macro perspective is actually bullish. this is one of the factors why we have this run-up. investors have to p

the dow up 22% right now, s&p up 29%, nasdaq yo -- nasdaq up 35 .ot a normal year for markets. >> a lot of big investor groups have been fighting this all along. i looked at a hedge fund survey that came out from one of the people that track that, hedge funds are not deeply invested in this market. if you look at the trend, gradually, reluctantly they've gotten in but that whole summer scare about a recession kept them on the sidelines. couple of other things to points made earlier. people are trading up to better jobs. it's not just that wages are going you up. you look at the jolts number, the new jobs being taken, people have better opportunities to trade up than they've had in a decade i would say. secondly, we see in the market a tremendous wealth effect being generated. that's driving retail sales. it's a huge sort of incubator for more growth next year. people are under-playing i think what the rising stock market means to 2020. and one final thought, huge sector that really hasn't participated is housing. and right now housing is beginning t

to july 23rd, 200 when the nasdaq stood at 1973.en you talk about fan fwr fang, it's been kind of split. ross stores and starbucks right within a percent pretty close this was a really big year for ipos ipos in the medical space have been much better performers. that includes like karuna therapeutics nextcure and inmodes. these are smaller cap stocks amd improving by 150%. back over to you >> thank you very much let's rerue one more time. most of them hitting highs the dow is on pace for its 22nd record close of this year. the s&p for its 35th record close of the year. if the nasdaq finishes positive, it would be its 32nd record close. will the record run keep going into the new year or are we due for a january pull back? good to see you both we have talked about all these records just stair step gains. no major rallies to speak of can we keep that kind of incremental gains going into the new year what do you think in. >> i don't think so. i think you look at the market and it's add as it gets. i do see growth keeping ongoing but we

but the nasdaq is a big story today. it's hitting an intraday high above the 9,000 mark for the first time ever. is the tech-heavy index closes above that level today it will have taken almost 335 trading days since closing above 8,000. what will push the nasdaq a further thousand points and how long could this possibly take? we are getting our floor show crystal ball, i should say, at the new york stock exchange. steven guilfoyle, at the cme phil flynn and as well at the cme, probably in different cameras, alan nuckman. i want to start with you. every single -- we have been talking about it all day trying to predict what is going to happen in 2020 but do you feel like heading into january it may be too early to even sell despite these highs that continue to come every single day? >> yeah, i totally agree. i think you want to stay the course. tech has seen a takeoff of nearly 50% since this time last year so it was a very different december to remember. the markets are very strong. this has been a ten-year rally. nothing

making up half of the nasdaq 100.y have outsized ganes i want to focus on apple because josh had predictions 5g, the ramp, that's important to remember it was up 86% on the year. up 100 peppers from the january 3rd 2019 lows thp this is a year where earnings and sales did not grow for apple when you think about the multiple the stock is trading at, it's pure multiple expansion based on what is to come in 2020 and i think the idea of playing for some 5g supercycle doesn't make a whole heck of a lot of sense right now. i want to make another point we talk about semis a lot and they outperformed. there was a headline huawei we know where they sit in the global trade war they are the number one market share provider of smartphones in china. they released an i feen 11 alternative in their home country that does not have any u.s. chips when you think about this, if this trade war is to play out, we see nationalistic tendencies on brands and then you have the inability to put your u.s. products in chinese brands, those are b

with the nasdaq looking for the tenth positive session in a row. president trump says he will ultimately have a trade deal signing ceremony with china's jinping. the world sector is leading the charge today while industrials lag. >> joining us for the hour today is barbara duran from bda capital partners what a year it's been. we're on a run we'll see how far the momentum can take us. what do you think? >> it's interesting. if you look back a year, the market was 14.5 and now we're at an 18 pe i think the market can continue. i think you've had positive feedback on what's happening in china. i think with the fed, easing three times when we expected them to raise, and global easing among central banks around the world, you've got great support for next year. and the valuation, if you just exit out the top five stocks, it's 16.5 and with interest rates this low, i think we have more to go. >> we'll see what earnings do in the new year and that ultimately may be the tell on where stocks go from here. >> let's focus in on the big stories. bob is at the

charles: break out the nasdaq 9,000 hats, folks.t has been a decade for technology, which now, influences all facets of our lives and the process has created wealth beyond anyone's imagination. even not too long ago, think about this, after the technology bubble burst, the nasdaq composite, slipped into a form of purgatory if you will. but once technology really began to catch up, the hype began to impact the daily lives, sparked a modern-day gold rush that shows no signs of slowing down. considering this, total volume of nasdaq, in $20,173,000,000,000,000. now almost $18 trillion, even today's session, the big names in tech are leading nasdaq even higher. the question, can the biggest winners of the session of the year, of the decade, keep it going into the next year, even the next 10 years? here with me jackie deangelis, money map chief investment strategist, keith fitz-gerald. you have been all over the big tech names, momentum names. mind-boggling what happened here. they have regained momentum they lost a month ago. where is th

cheryl.cheryl: we have green as for the dow, nasdaq and s&p. nasdaq is up 1 and-a-half.blasio was sued for quietly shipping homeless people to other big cities. guess who he is blaming now? did somebody say free coffee? where you can finish out 2019 with a cup of joe. keep it here on "fbn: a.m.." ♪ new york, new york. ♪ new york, new york. ♪ new york (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill. available at... when it comes to using data, which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to other top wireless carriers. save up to $400 a year when you switch. plus, unwrap $250 off a new samsung phone. click, call or visit a store today.

nasdaq near 9,000. here and what's going to determine which tech companies have strategic advantage in 2020? we'll take a look coming up. ♪ some things are too important to do yourself. get customized security with 24/7 monitoring from xfinity home. awarded the best professionally installed system by cnet. simple. easy. awesome. call, click or visit a store today. ♪ >>> welcome back if stocking up on the bubbly ahead of new year's eve, look at the price tag. might want to stock up this year, the u.s. threatening 100% tariffs on french champagne, cheese and other goods joining us, senior vice president of wine and spirits wholesalers of america michael, good to talk. >> good morning. thank you for having me. >> talking about a host of products, not just champagne, that's the focus with new year's eve a day away talking french wines, right? >> yes now i can hear you okay, yes >> we're talking not just about champagne, that's obviously the headline, talking about a number of other products that consumers a

stuart: for the nasdaq. that's really -- 8,800. side of the screen, i do this for the benefit of our radio listeners, apple is at $280.95. it is up $1.25. google is up three bucks. amazon actually down five. but look at facebook. powering ahead to $205 per share. by the way, facebook will run ads on the super bowl, they will feature sylvester stallone and chris rock, two big names for facebook at the super bowl. deirdre: first time ever they have actually bought time in the super bowl and you know, facebook has had a very rough year, two years, we could say, so they are trying to promote this facebook groups functionality so they are willing to spend for that 30-second spot. stuart: scott, i think you own what is it, facebook and i don't think you're going to sell. >> no. through all the slings and arrows from the government, we have held on and been happily rewarded, our clients and ourselves. what's interesting, though, talking about a facebook ad in the super bowl, this company dominates digital and mobile and they are going to

we see highs with the nasdaq futures leading the way, up .3% after the nasdaq closed about 9000 yesterdaylphabet, and this is after apple, tesla, and microsoft closed at highs. from new york and london, this is "bloomberg surveillance." ♪ >> you are watching "bloomberg surveillance." we begin the u.k., where amazon's delivery field is being investigated. they want to buy a minority stake in the food delivery company, but the competition and market says the deal could hurt competition. it might discourage amazon from reentering the bridge food delivery market on its own. amazon is speaking up after reporting record holiday sales, it shipped billions of idols -- items including tens of millions of amazon items. they didn't release figures, but it statements backup reports that shopping picked up this year. a report says u.s. web sales rise to 19% this holiday season. apple is set for its best year in a decade. addingck is up over 82% $530 million -- $530 billion market value. been -- that is your bloomberg business flash. scarlet and francine? francine: thank you so much. as the deadline fo

let's begin with that market milestone, the nasdaq hitting 9,000 for the first time ever. he joe, i local feel like this is the fomo rally, feerp of m ff missing out. is it sustainable when i the calendar flips over? >> i think it is for the month of january why not wait and see what earnings will look like before we moderate the rate of appreciation as you move into february and march and the reality of a looming election maybe takes the market and presents it as a pause but you mentioned boxing day remember, this all began one day ago on boxing day, you had the dow jones up over 1,000, you had the nasdaq up over 5.5%. it began there it followed into the january 2019 with the tremendous pivot from the federal reserve and i think that that has been the story that has supported the nasdaq and all risk assets, multiassets really, not just stocks it has been the 90 cuts globally from central banks think about it, 90 cuts globally, the largest amount that we've had since the financial crisis, three here in the u.s. i think that has been the story of the year. >> and you got to

after record closes once again for the dow, s&p 500 and nasdaq the nasdaq actually extended its winning streak to seven sessions that's the longest in 10 months. the dow and s&p up six times we are racing into the end of the year treasury yields this morning, you'll see the 10-year right now sitting below 2% but just below. 1.943% those have been pickin

looking at the nasdaq futures, nasdaq was at a record for five days in a row, any gain today would bey number six. so many parallels whe pair to 1- parallels to 1999. president trump, he's been impeached but what's next. nancy pelosi's power play and what that means for the senate l trial. if you're stuck in an impossible situation at the airport this holiday season, burger king is coming to your rescue. what a are they doing? keep it here on "fbn: a.m.." ♪ close your eyes and i'll -- ♪ remember i'll always be true. ♪ step up, please. empty your pockets. looks like you're all set for that business trip. you've got your smartphone, laptop, your other smartphone... woman: is this all the devices you have? your tablet... seriously? smartwatch, your backup tablet, and... woman: anything else in your bag? ...whatever that is. (beeping) this isn't working. introducing samsung mobile workspace solutions. with the galaxy note10 with dex software, you can run your entire business on the one device that does it all. samsung business solutions. on the one device that does it all. i need all the

up by 15 the reason we want to highlight that nasdaq trade is because technology is in focus the nasdaq done something for the first time since the dot com bubble boom. on tuesday, it locked in the ninth consecutive close for the first time since the streak ended in 1998. a lot of traders looking whether those would do the pause it has been a nice trend higher. for the bond side of things, we are take things higher benchmark treasury ♪s just a i hair below 1.01%. >>> japan, shanghai and south korea. most are closed for the holiday week australia is closed. the nikkei up by about half a percent and the south korean kospi and in china, up nearly 1% let's get a look at some of these top stories this morning beijing's envoy to the european union warning the block against pursuing policies that would curb chinese company's access to europe plans to clamp down on foreign ownership, trade could trigger a backlash of, quote, chinese entrepreneurs. >>> the chief of cineworld is blaming netflix for leaving them with low numbers because they prevented the irishman from being a box office hit by st

five in a refor s&p and nasdaq. nasdaq up there nine points. gerri willis on floor of new york stock exchange. what are you watching ahead of this close which could reap another trifecta of records here? >> oh, my gosh, tesla, look at tesla stock. about to finish at new record high. 393. we've been reporting all day, that bloomberg reported that tesla is considering lowering the cost of its model 3 sedan in china by 20%. they have a new shanghai factory there. they will use local parts to lower the price this is market they have to choose. it has been very slow. i have to tell you what is interesting about this. remember this is about the level, close to the level he said he wanted to take the company private at, remember? how funny is that. we're at 393. the stock is trading higher all day long about the news tesla lowering prices on model three sedans. they want to turn china into a big marketplace for the company. doing that cutting prices at a time. china economy is pretty weaker. liz? liz: average model three made in shanghai is about 50,0

that pushing nasdaq higher.al, a critical chip stock, and less they're staying is the five g opportunity. that's really going to push that company sells higher. now nasdaq the losers, and shine, cbs, nascar, ceo cso, stepping down, gary diller running at the company now and expecting some assets like possibly chicago being sold. let's go to s&p winners and losers. brands hitting a one year high. duncan hines hayes, as you know, up 19 percent after sean second quarter earnings. talk about netflix earlier. s&p losers here, iss, international flavor and fragrances, somebody's going to pot nutrition biosciences. for over $26 billion. jp morgan having their price started. fedex, we talked about this all week long, lower 20 guys back to you guys. >> tough week for fedex no doubt pretty think you so much for the stock exchange for the santa claus really is the last five trading days of december through the first few days of january. but today's countdown closes said it's coming early for investors. it is here to stay.

and the nasdaq up 35.25.to talk about the market day, barry nap from ironside macro economics and keith bliss from iq capital still with us. let's begin with mike santoli. it feels great to end the day, the year, the decade on a positive note, but it's really been an amazing year for investors. >> and one really, relief, i think, at the start of the year, that the bad economic scenario, maybe we're getting priced in at the end of 2019 did not come to pass and then what we got was federal reserve cutting rates three times, without really much cost in terms of economic growth. so basically, financial conditions got much more accommodating and loser. at the same time, profit margins basically held flat at record levels and the u.s. consumer did fine so i do think all of that together meant, you know, bull market acting like a bull market and we expanded valuations, because it seemed like a recession was not anywhere close and credit markets have been really underwriting this entire move >> barry, in the short-te

s&p up 2 and-a-half, nasdaq up 5 and-a-half.o 2020, more than a million people are set to squeeze into times square as we usher in a new decade. i will not be one of them. i've made that clear. we're going to go live to where all the action's going to be and what you need to know before the big ball drop happens tonight at midnight. a big announcement from joe biden, who he is considering to be his running mate. the answer actually might shock you. keep it here and happy new year, it's "fbn: a.m." ♪ i will never say never. ♪ i will fight to forever. ♪ not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa cheryl: u.s. stocks on track to close out 2019 with the best year since 2013. the dow industrials, the s&p 500, the

the dow, the s&p and the nasdaq ending their record runs after the nasdaq saw ten straight record closesr the week, though, let's take a look at those numbers. you are seeing the dow up about 159 points or half a percentage point. s&p and nasdaq pretty much across the board very very similar, all less twhoonhan 1%. let's go to gerri willis live on the floor of the new york stock exchange with some of the week's biggest winners and losers. gerri, take it away. gerri: that's right. i think santa claus has left the building this afternoon. we have all the major averages turning over and you know this has been a great week for stocks. we have set record after record. we had the nasdaq going through 9,000 for the very first time. it's been very good news. but let's look at the dow weekly leaders. the usual suspects here, i got to tell you. apple, intel, nike. apple, we have piper jaffrey and wedbush raising price targets on this stock. wedbush at $350. we will see how far away from that it is right now. intel, it was all about tech this week and of course, instel with their chips, an importan

the nasdaq was up 56%. so let's just say the buyers have history on their side after we got the clinton impeachment over, we have a glorious year for the stock market really fabulous. kind of left out the right shoulder there the dow finished up 25% for 1999 s&p gained 19% nasdaq rocketed 85%. but that was it. impeachment was irrelevant you had to use any weakness to buy and then to buy and then to buy. beyond the history there's an even more important reason why it doesn't matter. while the impeachment headlines might dominate the front page, they don't make it to the business section why should they? back at my old hedge fund, i like this one. back at my old hedgefund whenever someone would bring up something ripped from the headlines that sounded daunting but had nothing to do with business i'd always say what does that matter to the price to earnings ratio of bristol meyers it still rings true. bristol meyers valuation is determined by what you're willing to pay for its future earnings the clinton impea

the dow, s&p, nasdaq all higher by about 1%. the dow is higher by 322 points. coming up, why this mystery chart could be a canary in the coal mine for the market >> plus, earlier this week, josh brown weigh ed in on the red hot fast food chicken stand witch market >> chicken sandwich wars were no joke this year, but i think i found a winner it's chick-fil-a >> now it appears a new heavyweight contender may be enthe terror iing the ring detas up next. dan nathan will make the final call (nervously) ready? ok, ready sweetie? nice, you ready to go again? are you ready, dad? i'm ready. imagine if your life insurance could help you live for today and safeguard tomorrow, so you're ready for anything. life insurance designed to protect generations of families. that's the power of pacific. ask a financial professional about pacific life. >>> market rs his are higher leading the way, 3m, goldman sachs and american express higher by almost 1.3%. let's see if we can tack on some good gains to end the week let's get to word on the street. advisory group out with a note on

let's take a look at the tech heavy nasdaq interesting conversation before the break there with bakeron the ipo market on 2019 those tech giants, unicorns coming to market having a roller coaster debut but for the tech heavy nasdaq overall it's been a strong run over the last decade, in particular over the last year it has been a very strong, strong year. but for the ten-year period, the nasdaq up more than 290% >>> let's bring in our next guest jason senior portfolio manager at the roosevelt investment group joining us now on the phone jason, if i could get your take. looking at the last decade, it's been a very strong run for u.s. equities what are you thinking for the next year as we head toward the next decade for u.s. stocks? >> well, it is sobering to think about how far we've come over the last ten years it's been a very long bull market we started from a very low point where stocks were very cheap and valuations have moved higher along with economic growth and earnings growth. it's been a boon for investors we actually think that can continue into 2020 so we see right now, thr

nasdaq's going for 11 days up in a row.in streak in over a decade. >> we start with the market rally. it continues to roll on. the s&p nasdaq also hitting new record eyes. there highs. there's only four days left informant year. >> ecommerce hitting records. amazon saying billions of items ordered worldwide. >> but can netflix continue its run-up in the years ahead i midst increasing competition we'll debate that next. >>> and for retail, amazon saying it broke all prior records for the season, citing billions of items sold worldwide. and mastercard reporting that the online sales grew 3.4% with a high of 19%. we have former saks chairman and ceo steve with us. thanks for joining us this morning. now this online trend continues. that full season sales growth exceeding your expectations. i'm wondering what you think is behind that. is fact that the online sales are coming from brick and mortar stars shutting down? did we see more discounting in the season what was behind it >> you see a healthy consumer. the overall sales ca

the nasdaq is up nearly 297% with two trading days to go. the war on religion. a horrific attack at a hanukkah celebration in new york and a shooting at a church in texas. what is being done at what some officials are calling domestic acts of terror. a milestone for tesla, delivering the first model 3 made in china today. we take a look at the road ahead as it tries to charge into the future. plus, serving up profits, find out what could be the top restaurant stock of 2020. "mornings with maria" begins right now. ♪ say, say, two thousand, year izero,zero, party, oops, out of. ♪ so tonight i'm going to party like it's 1999. lauren: some prince this morning. we've got a big show coming up this morning. joining the conversation today, new york posted tor post editd member, richard fowler and stephen moore. great to all of you here. happy almost 2020. storely thifutures point to gais wall street gears up to finish 2019 with record highs. the dow up 6 points this morning, s&p barely higher, nasdaq down just a point. the nasdaq ended the week last week with a slight l

racial, head of nasdaq surveillance, nasdaq stock market. our oral testimony will be limited to five minutes and without objection, your full written statement will be made part of the record. doctor, you are now recognized for five minutes to give an oral presentation of your testimony. foster and ranking member loudermilk, thank you for inviting me to testify. while my written remarks cover four key areas, my oral remarks two -- the implications of automation on the workforce mitigating algorithmic bias. we are concerned in the financial services sector. first, the financial services ripe for automation and algorithm. the in tech sector is on rise. third large number of workers will be displaced in the financial services sector even automation and a.i. development is protected to create new types of jobs. cilwain: if all of this is true, then the cause for concern for clear. fact that h the african-americans and latin workers, in particular, are underrepresented in the financial services sector workforce. african-americans, hispanics, and

let's get over to frank for all the movers at the nasdaq frank?hey, there, wilf, the nasdaq on pace for its second consecutive down day following three quarters of a percent. really the retail names, that's what's been pushing it higher. ross stores with, the biggest gainers on the nasdaq 100. apple is the only f.a.a.n.g. name in the green. the others at microsoft pretty much responsible for pushing the index into the red amazon down around a percent or more also a down day for chips. other tech names under pressure, all day we've been talking about tesla, down about 3.5% on concerns about its ability to meet delivery estimates. mercado libre following about a percent as we reach the close. now over to bob pisani at the new york stock exchange. >> frank, this is very healthy today. we're working off some overbought conditions in the market it's about time. we've had a great move up in the month of december. we have some new highspmorgan o. that's a new high. pnc also hit intraday highs. down on the day. one thing to the last day of the year, i wou

for the nasdaq, this is the first down day in 12. that said, the nasdaq still above that 9000 level. of course, this is a year of record highs, big, big gains for stocks. if we look at a year to date chart of the s&p 500, we will really see those gains. there is that daily move, again, very, very small moves, the s&p 500 eking out again. on the year, up 29.2%, about 14% away from having its best year since 1997. year&p 500 put in its best in more than two decades. assets rallying, climbing the wall of uncertainty, but that's true for pretty much every asset class. a lot of folks talked about 2019 as the year of the rally for everything. if we look at high-yield stocks along with gold futures, look at that -- huge gains. 36% for oil. high-yield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. one question on folks' minds at this point -- what 2020 bring? a lot of strategists bullish on 2020 and what that could bring. if we look at charts on the terminal, we will see the s&p five -- the s&p 50

nasdaq is coming off its first back-to-back losses in three weeks. nasdaq would open lower by 20.own by 50 and the s&p by about 5.5. and the latest s&p case-shiller report is out, showing 3.3% gain in home prices during october compared to one year ago our road map starts with the decade long bull run stocks on track for their best year since 2013. markets poised for a lower open on this final trading day of 2019 >> plus, uber and postmates sue california the ride hailing giant and delivery firm are trying to block a law that would require them to treat gig workers as employees. >> the ousted head of nissan renault fleeing to lebanon carlos ghosn saying he was escaping what he called a rigged japanese justice system. >> as we head into the final trading session of 2019, the dow up 22% year to date. the s&p 500 with a 28.5% gain and the nasdaq outperforming both indices jumping by almost 35%. oh what a year it's been i guess maybe we're going to go out with a little bit of a whimper. >> not too much of a surprise. a little housekeeping and trimming by the end of the year. yesterday

dow up 159, nasdaq up 54.ade deal, the conservative party having success across the pond. what all this means for the united states and for president trump's re-election bid. plus, the timeless classic is making a comeback. >> isn't it a little big? >> it's not big. it's just full. >> dad, that thing wouldn't fit in our yard. >> it's not going in our yard, rust. it's going in our living room. cheryl: you might not be getting the tree that they're picking up there, clark griswold and company may be making their way back into your home. you're watching "fbn: a.m." ♪ yeah, yeah, i got to get away. ♪ i've got to take myself a family vacation. ♪ the sky's the limit (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill. available at... lauren: despite the impeachment

nasdaq. per at the s&p 500 up 41 points and up 1 points and dax index is egg negative in germany down 15 points right now in err sha fractional moves as you can see there volume low headed into christmas week china shanghai composite under most pressure despite phase one moving closer to signing impeachment standoff and congress headed home for holidays, however, democrats are holding up sending article of impeachment to senate until after the new year battle focus on witnesses now. then this live from new york it is eddy murphy the star bring the laugh and some controversy to his old show this weekend. his former cast mate joe is join this morning reign his big return all of the stories coming up this monday morgue and joining me to break it all down director of equity research and president of partnerses author of persuasion lee carter is here and krerks oh and managing partner of rose cliff mike murphy great to see you everybody. great to be here. here we are kicking off holiday shortening

the nasdaq, the tech heavy nasdaq up almost 300% over the t 10 years.. dow up 172%, s&p up 188%. taking a look at europe, markets across the board lower. you had the ftse 100, the cac, a little bit of pressure, germany's dax is actually closed for the holiday. asian markets actually closing the book already for 2019. china manufacturing activity expanding in december. that news helping stocks in shanghai close slightly higher for the day. nikkei and kospi were closed for new year's eve. well, it turns out a story that sparked outrage wasn't even true. lauren simonetti has that one. lauren. lauren: the repercussions here, cheryl. a police officer in kansas claimed a mcdonald's worker wrote this message on his cup and now the harrington police chief said the officer faked it. the mcdon a at mcdonald's ownere to prove the worker didn't write it. the copies now out of a job. a oregon creamery find with major fine. organic valley was fined $26,000 for sending milk solids into a storm drain back in january. organic valley spokesperson says the company will no

nasdaq closes at record high again. melissa: whoo-hoo. connell: five in a row for the nasdaq. tech stocks doing well. longest streak of records since last year, since back 2018. any minute president trump set to leave the white house ahead of a rally in michigan tonight. the house of representatives debating two articles of impeachment against the president. we'll bring comments he makes as soon as they happen. melissa: fox business team coverage. blake burman at white house. gerri willis on the floor of the new york stock exchange. edward lawrence standing by on capitol hill. edward, we kick it off with you. reporter: one by one republicans, democrats, expressing concerns over the president or concerns about the article of impeachment. house floor, adam schiff, representative adam schiff from the intelligence committee but out come is all but certain there will be impeachment of the president down party lines where that vote will go. now republicans and democrats both citing concerns here on either side. the vote to set up this vote if that is any indication, there will be tw