let's go blue devils stephen weiss. chris retsler are still with us, as well.that we are higher on the s&p 500 a lot of momentum behind this market right now >> and for good reason where are you going to put your money, even though we backed up in rates you have all the positive news momentum you have earnings out of the way. positive on the trade front. so look, i think that people are maybe putting too much stock in the fact that the global economy is churning. i don't see any signs of that. but at least it's not declining. that's enough to keep stocks going. >> and we have jim keenan with black rock with us today, as well jim, your thoughts on these recent record runs we've seen for the major averages >> i think you're seeing a bit of the reflation tradecoming back in. i think the estimates of the probability of recession next year got too high towards the end of the summer. you're starting to see a little bit of ease on that, as you see some expectations of some deal with china, but you've also seen decent earnings come in well above expectations and the ma

. >> stephen weiss, uncle steve, what do you say? >> i say don't call me that. look, fedex.t's consumer. it's also business but it's still a very cheap stock despite the bounce it's had off about 145 and i think there's still significant upside that's my number one being that i'm in the holiday spirit, i'm going to give another one. trip.com so the old c trip. >> that does it for us "the exchange" begins right now. >>> yes, it does, melissa. and welcome to "the exchange," everybody. i am brian sullivan. are the unicorns getting dehorned funding rounds hitting the low rest level in the year mind the gap look at the growing divide between what ceos and you, the consumer, think about the american economy and there's a brewing problem in the drug industry being caused by prices that are, get this, too low. hard to believe but a very interesting story for you straight ahead all that and much more coming up >>> we begin with thes