joining us for the full first hour of the show is bespoke's paul hickey. how you doing? >> good. >> do you think it makes sense we'll start on a soft footing given the great run we saw in november >> we saw a big strong run to close out the month of november here and don't put too much weight into the first trading day of the month. i don't know if you recall, but last december, we were up 1% on the first trading day of december and i think we all remember what happened the rest of that month. if we can get the opposite of what happened last december, i'll take it >> fair enough lots to discuss with paul throughout the full first hour of the show. >> let's focus in on the big stories we're watching today bob pisani is covering the sell-off kayla tausche has the latest headlines. and frank holland is following the impact on shippers let's start with bob and the sell-off >> weakness in the ism is the issues the ism new orders index that's any four-month low. and it suggests softness in capital spending and maybe even earnings growth, particularly for industrials. so what t

paul hickey, cofounder of bespoke, joins us now at the telestrator and you have a couple of charts toalk us through on this topic. >> we have two years left in the year, in the decade. we want to see how things stack up this decade compared to prior decades. it seems when you talk to investors, everyone just thinks that the market has done nothing but gone up in the last decade it has been a very strong decade we're up about 185% in the s&p 500 so far in the 2010s. the 1990, we were up 315%. 1980s, 227%, and the 1950s, 257% so, it ranks as the fourth best decade for u.s. equities in the last 110 years but we always hear reference to the '90s we were up 313%. so this is nothing compared to this, i think. so i think in that respect, it has been a very strong decade for stocks, but nothing unchartered or off the beaten path what makes this decade unique, though, if we move along to the next slide, if we look at the standard deviation of returns, how much the returns have differed year-to-date, this decade has been the calmest equity market we've ever seen in u.s. history so for all the t

the senior portfolio manager paul hickey, co-founder of the investment group and the portfolio manager. great to see you all i'll start with you. what do you make of today's market reaction? >> yeah. just light volume. i do think this year we're in a complete market melt-up. kind of an interesting time where things can get a little bioverdone and i would be kind of cautious here and look to maybe take some profits and sell some of those names in the portfolio. it might be overvalued here. >> and i would understand if you think that you do get some selling once you turn the calendar over. people don't want to sell now for tax purposes you get to january maybe people are looking at their portfolio as little closer saying i've had a lot of great gain this is year. let me come back off the top of the mountain >> i think we're all debating that you see this kind of run it is normal to take profits and i think you're right there's been hardly any losses to offset tax gains. but i think the reasons tobias talked about, i think sentiment is not overdone here i think institutions are in the mid

what a present we have barbara duran and paul hickey he's still with us let's kick things off with last-minuteow shipping companies are performing in this final stretch of the year. >> speaking of presents, with the 99.8% on time delivery rate, ups leads all the major shippers in the final four week before christmas is that hannukkah. they are all separated by tenths of a percent in general, over 95% is considered good but you have to keep in mind every tenth of a% below 100% equals 86 package that's did not arrive on time. the shortest would have possible ups is also the leader for on time delivery for the holiday peak since black friday. new data shows deliverries on pace to reach 2.6 billion packages >> paul, take a look at ups. fedex 6% >> of the two, fedex has its problems it is still trying to work through it if i was to pick one of those, i would take fedex at this point because it is more out of favor. both these companies are a major competitor with amazon delivers a lot of its own packages. and that's something to worry about. they're one of the best logistics oriented companies ther

has signaled he might have information >> joining us to talk about past impeachmen impeachments, paul hickeyts >> good morning. thanks for having me it was interesting looking at some of your notes hard to believe the partisan divide is not there. it was higher during bush, too 45 points. 45 percentage points there's a lot of people on the left that hated w. they totally recalibrated their hate for trump it's not quantitative. they like w now. they think he was harmless. >> you know, michelle obama and bush are friends. >> it's really -- >> yet michelle obama has to defend she's friends >> ellen >> we talked about it earlier. this is the most tame constitutional crisis, at least in terms of the market >> futures, dow's down seven points >> it's up too high. >> why >> well, i think in the words of james carville, it's the economy, stupid. from watergate to the time he resigned, the s&p was down 25% the u.s. economy when it was in tatters then, oil was spiking, we had inflation rampant so i think -- then you go to the late '90s with clinton who, you know, you look at the politicians, a lot of