Eisen, john fortt at post 9 of the new york stock exchange. Some outsized gains for the dow this morning on the back of 3m and kacaterpillar as earnings season kicks into high gear. Its the industrials taking us higher for that we turn to bob pisani on the floor bob . You want to know what a reflags trade looks like, you can see it today the earnings are in the industrials space and thats part of the reflation trade. This is what weve been talking about, Global Economy expanding, something caterpillar was emphasizing here i want to just show you something, because only half the dow stocks are up, believe it or not, only half the dow stocks are on the upside. The dow is up 0. 8 and the s p is essentially up 0. 2 thats a huge percentage difference and thats because a couple of companies as you heard from carl, are making the difference in the Dow Jones Industrial average some of the big names raising guidance, 3m look at that, up 14 points there. Caterpillar, put that together, youve got 21 points there for to move the markets overall. United technologies, even though raised guidance is on the flat side its an unusual amount of guidance raised today. Caterpillar is extraordinary its rare to see a company raise guidance 25 for the second half of the year. That just doesnt happen, folks. Many companies do raise guidance 1 , 2 you saw that happen today with united tech, 3m, Stanley Black and decker, and lily that helps, but 25 , thats a really eye popping number, indicates whats going on. They were talking about better sales in china the u. S. Markets were doing better in oil and natural gas. Believe it or not, the mining business is even starting to pick up for caterpillar. Elsewhere we have been emphasizing the storms hurting oil and gas companies, but a lot of companies are saying business is going to improve very quickly. Think cabinets and plumbing around the united states, they were a bit disappointing on the guidance overall, but people didnt care that much. The company kept emphasizing this, this is a historic high for masco. Similar for Stanley Black and decker the numbers were amazing for them in fact, the Tool Division grew 9 overall here. They also had good numbers that also an historic high for Stanley Black and decker this is what i mean, the economy right now in the u. S. Still improving, Global Growth happening pushing Companies Like caterpillar and 3m forward dow sitting shy of the highs there. Back to you. Question what you said about the u. S. Economy improving feels like, again, were in this period where its a tale of multiple economies and multiple sectors. Yes, its great to see the industrial movers, the construction, heavy equipment makers reporting good numbers out of the u. S. , but, you know, if you follow some of these Consumer Staples that ive been looking at, p g, unilever, kimber kimberly clarke, not exactly a picture of strength on the u. S. Consumer its interesting to see it in different sectors manifest different ways remember, there is an attack on food brands in general going on and amazon is leading that charge, so i agree sales have been disappointing, but theres a big macro picture thats happening there. I dont think its necessarily because the u. S. Consumer isnt out buying products. They are buying plenty of products, just the Brand Products are a bit under attack and those have higher margins than the individual store names. I think thats definitely part of it i think if the u. S. Economy was doing so well, i dont know, toothpaste sales and toilet paper sales would be doing better, but your point is taken, bob, thank you pointed out that cat, for example, is a big emerging markets play true. Doesnt have to be necessarily u. S. Growth thats moving we talked this morning about mcdonalds, you know, a lot of the strength is coming domestically yes, 4 comps out of the u. S. , 6 globally. So it is a u. S. Story, as well its just, you know, in different parts youre really seeing it shine. And i think if you paid attention as mike santoli said to the manufacturing numbers in the u. S. , that would have told you the earnings would look good not fangs day, or at least taking a back seat, john today it is amazon, alibaba, oracle all up better than about 1 apple hanging in there up about half a percent, but these are names, especially alibaba, certainly not dependent on the u. S. Consumer. Certainly, global plays. Oracle trying to push its cloud globally across the entire cloud portfolio applicationswise they are not in this segment of earnings season, they are a bit offcycle, but certainly one of the names that investors are excited about this morning thursday is the big evening for google, amazon, intel, microsoft, expedia, and thats got to be fun. Its worth mentioning we have an ecb meeting this week, first look at the Third Quarter gdp friday yields rising, thats propelled financials to the top of the s p right now. The dollar has started to pick up steam, so you are getting this sort of stronger u. S. Growth trade, despite some of the noise in washington over the back and forths on tax reform, you are getting a picture of strength today in these markets. Lets talk more tech this morning, another executive departure at amazons content division for that, Julia Boorstin at hq today. Julia . Its been a few days since roy price was fired after a suspension because of Sexual Harassment allegations now one of his key deputies, joe lewis, is resigning amid reports he was the subject of an internal investigation into his treatment of women and reports of potential conflict of interest his actress girlfriend was cast as a series regular on an amazon comedy series. Lewis is responsible for developing amazons two most critically acclaimed shows, transparent and mozart in the jungle, his job expanding last year to include drama, as well no word on amazon and lewis departure, but the Company Tells us its pricing a producing role with lewis and someone else is taking on his role this latest departure raises more questions about whats next for amazons content business. After last week, amazons head of internal National Productions announced his departure to work on apples new original content business and there are questions whether more executives will leave in the wake of roy prices departure. Even before, there was talk of jeff bezos wanting to change the companys content strategy it recently cancelled two dramas this as it looks for bigger shows with broader appeal. Carl julia, question for you joe lewis, its not clear from what amazons done here whether they found there was a conflict. It seems strange if they are negotiating a producing deal with him at the same time that hes leaving is there any clarity around what happened there nope, no clarity. I sent several followup emails and all they could tell me is they are negotiating a producing deal with him. Certainly, if the company had found something that, you know, would make them not want to work with him at all it would be unusual to do a producing deal, but some companies have terms in their contracts where if someone even if fired or pushed out, they get to have a producing deal to maintain their relationship with the company and create some sort of job for them its really unclear exactly what happened here, but there are various reports of different kinds of situations. Including the conflict of interest certainly does not look good julia, thanks for that. Well talk to you later on our Julia Boorstin on the ecommerce side. Amazon share of u. S. Ecommerce is set to surpass 40 of the market by the end of this year for more on this lets bring in Kate Mitchell, joining us here at post 9 is New York Times business columnist kevin roost good to see you both look at the Top Ten Companies ranked by ecommerce, amazon 435, 42 is 6 at ebay. One big player having the lions share of this pie. And thats the story with amazon in ecommerce for a long period of time and they are going to be growing faster than ebay by a good margin. Whats interesting is if you are amazon, you look at that number and youre thrilled and are more thrilled when you look at overall commerce youre 3 of overall retail, which says one of the stories here to earlier comments about sector performance, retail may not be doing well overall, amazon, a, is performing well, and, b has so much head room in terms of what more can be purchased on amazon i think well probably expect them to get even bigger. So, kevin, who i mean, has good second mover advantage here can start to eat away at that differential i think some of what they have been doing with jet has been promising ive certainly seen more jet boxes showing up in my apartment buildings lobby recently and there are companies doing this for individual segment like chewie or blue apron for food delivery, but really i think the fly wheel is working for amazon. They are getting more prime subscribers, those subscribers tend to buyway more goods than nonprime subscribers i think this is all working exactly as they intend and raises real questions about market concentration kate, in a way do these numbers understate amazons advantage . My sense as a consumer is the Amazon Customer tends to be a frequent customer, as well whereas might try jet or buy something from ebay, but youre not necessarily every week or every month going to those places how valuable is the habit here in these numbers well, youve got prime membership number one and the habits of prime members are well documented they buy a lot more than others and the prime memberships have been growing and i can speak to my own household now that i can talk to alexa and build my Shopping List and order while im still stirring my pot of soup makes it a heck of a lot more attractive and easy and fit right in my life so i think they are deploying techniques that put them in a place that no one else can so i think the elephant is going to get bigger. I do think walmart, by the way their growth rate is double that, projected growth rate, is double of amazons amazon is about 30 and walmart is closer to 50, but its like starting a marathon when the guy ahead of you is in the 20th mile and youre just starting out, but they are incredible challenger and if anybody has the resources, they do off a much lower base, to your point whos got the luxury market . None of these Companies Represented are selling luxury and ecommerce except for apple maybe, which is number four. Apple has luxury electronics wrapped up there are other companies, stitchfix, other smaller smaller Retail Companies that may dominate that market, but its hard to compete with amazon, and i was seeing the other day there was some tweets by carls junior, the fast food company. Did you see these . So good carls junior is begging for amazon to buy it, ten, 12, 14 tweets saying, please, amazon buy us, were a great company, and when you have companies literally begging to be acquired, it raises the question of what everyone else is supposed to do i did not see that. Switching gears to facebook this morning testing the idea of splitting its news feed into two, separating personal posts from commercial posts its being tested in six countries and europe and asia. The goal of the test is to understand if people prefer to have separate places for personal and public content. Adding there is no current plan to roll this out beyond those test countries what is the upside for Something Like that . Facebooks primary instinct is to keep people happy on facebook and using facebook, and, certainly, news is not always happy and so probably by separating news into its own portion of the feed, news from pages, that is, maybe they are hoping that other feed, the main feed, will be posts from your friends, family, pictures of dog s and babies more of an instagram feel yeah, which people coincidentally like a lot more than facebook. Kate, i wonder, does facebook have any real values when it comes to content they seem to prioritize everything based on, as kevin was saying, keeping the viewer, the user, engaged, but i wonder as they try to work with media companies, they change strategies so often, can anybody trust them thats an excellent point its interesting, i ascribe slightly different motives to this change. Number one, its a logical shift away from customized news feeds, nonpromoted content that really gave rise to a lot of the worldwide issues around election coverage and some of the tainted news media, so i think its a subtle way perhaps to answer that question. I think the other thing is this User Engagement translates directly into media. The fact that promoted tweets from folks like New York Times, other people selling things, are going to be more prominent, maybe covering some of those topics that may be covered by buzz feed and huffington post. So i agree with you, if ive been huffington post, buzzfeed, business insider, i use social media as my way of communicating and growing my user base and the attachment of their customers, so it will be interesting to see how people feel, a, both users, and, b, i agree with you people get a little frustrated when the rules of the game keep changing as youre continuing to try to execute around where you thought you had alignment with facebooks goals what does it mean for the advertisers, kevin is there any indication this is affecting advertising spending and targeting on facebook . I know well get earnings early next week. Theyve been quiet theyve been pretty quiet my hunch is this controversy over russia will improve the advertising business for the 2018 campaigns if youre a Campaign Director and looking and seeing reports that, you know, russia may have influenced the election with 100,000 spend, i think youre saying, well, i can do a lot more than that and if these tools work so well, maybe i should be using them in some of the same ways. Theres a really important thing here, which is facebooks relationship to publishers has been a source of great tension and in some ways this is a slap in the face to them. Facebook has spent years telling publishers spend money buying likes to your page, increasing the size of your audience and well reward you with increased reach on facebook. Now they are essentially saying you paid for the likes, now you have to pay us again if you want people to see your content certainly, your bosses have had things to say about the relationship between publishers and facebook, but its getting really interesting well see if this test goes anywhere close to this country good to have you, thank you. Kevin roost, Kate Mitchell when we come back, new warning signs for the iphone x steve is going to weigh in next. Then well hear from bank of americas head of Digital Banking on the future. Later on, exclusive with the jenner family matriarch kris jenner when squawk alley returns. Ask. Apple may have suffered a setback, at least when it comes to supplying the newest iphone according to the nikkei, initial shipments of the x are expected to be around 20 million units, only half the amount expected for this year. Preorders for the x begin friday and ubs, on the other hand, says demand is at multiyear highs for more, lets bring in steve millinovich on the cnbc newsline got the report out of nikkei and then the Research Note that you write saying survey results encouraging. Which one is it . Yeah, sara, its probably both demand and production are two different issues on the demand side, the Research Survey shows that 19 of people are saying that they are going to buy a smartphone in the next 90 days, which is the highest since 2014 and of those, 69 are saying an iphone, which is also the highest since we entered the iphone 6 cycle three years ago, so demand, we think, for the new iphones is generally strong and specifically 43 said they are planning on buying the iphone x, which, of course, is the most expensive model. I think the demand is very strong production, on the other hand, i think is lagging i think a 50 cut on the 8 is unlikely i dont think its that big a cut, but certainly our survey work does suggest the 8 is not off to the normal start you see in september from a new model. Yeah, talk a little bit about these technical issues, specifically on face a authentication, thats what the nikkei described how big of a deal is it and whats it do to pushing sales forwards and backups i think if its a couple months its not a huge deal. We do think the company is now ramping pretty quickly on iphone x production obviously, the facial recognition needs to work. Thats a pretty critical assumption since they are going away from the touch, so it needs to work. If its merely a case of a month or two delay in availability, i dont think most customers are going to switch to android, certainly. Could they decide to go for an iphone 8 instead of a x, i guess thats possible, but essentially our call is the 8s demand is weaker than youd see for a new phone, but seems to be because people are waiting for the x our survey work is u. S. Only, a critical question is what happens in china we hope to get some more data points on that shortly, but we need to see china rebound for apple over the next 12 months. Okay, steve, heres what doesnt make sense to me you say demand for the x is pretty darn high, which should be good news for apple, but supply is supposed to be low because of production issues and yet apple is launching this in 55 countries and theyve put out a release this morning saying its going to be available in store for consumers, so get there early. If they are that supply constrained, why would they have units in the store and scale back, i guess, preorder availability in order to do that, create lines, create demand for a product they dont have in stock . Something about that doesnt make sense well, thats a good question. Suggests maybe the supply situation isnt as bad as some of these reports suggest remember over the summer there were a lot of discussions of problems and yet apple came out and guided earnings and revenue pretty strongly for the September Quarter and didnt appear at that point there were likely to be huge supply issues. Certainly not with the 8, so well have to see what happens here, but youre right it appears that theres probably some issues, but in general my asian colleagues think they are being a little bit overdone. Steve, your colleagues over at bernstein, your rivals, i guess, they look at asps the fiscal 18 consensus, they say every 10 increase impacts eps by 14 cents. Even if they dont leave the ecosystem, trading down to the 8 could be material, could it not at scale well, it could be, but i would say in general the asps are likely to be higher rather than lower number one, because we do think youre going to see a lot of interest in the x, and, second, within the 8 line were finding that more people are buying the plus than are buying the base model. So there is that Movement Towards bigger screens and thats different than the past even last year the iphone 7 plus was maybe 35 or so of demand and the base model is still outselling it. The 8 may not be selling terrifically well and the 10 is not available, you know, there could be some shift downward, but people seem to be going for the plus model also note apple is taking away the 7 model for the 256 gigabyte, so its kind of forcing people up from the 7 to the 8 if they want to have more storage. In general i think asps will be strong steve, its sort of an unconventional apple launch, the fact we have the announcement of the three phones and its been a little confusing for investors the stock has underperformed in the last, i dont know, two, three months, versus the dow where are you on whether it matters that the demand for 8 is less because people might be saving up for the 10 that seems to be a big debate and sort of a confusion. Yeah, so our view is that the primary reason the 8 is weak is because of interest in the 10, you know, if you expect the 10 to be at least, say, 35 of shipments over the next year, you would expect the 8 is down by a third the fact there are shorter lines and so forth is to be expected the critical question is, is it because the demand for the x is out there . We think it is apple should have earnings momentum for the next two to four quarters and that suggests to me you still want to be in the stock. The stock was up almost 40 before the announcement. Given theres a lot of negative speculation out there and we havent yet seen the x ship is surprising the stock has held in well given the headlines that weve seen. Finally, steve, Steve Wozniak talked to deirdre bosa this week and talked about the evolution of smartphones overall they reached a forum thats about right, smartphones reached a forum that fits all sorts of hands, all sizes of hands. I wonder if you think weve sort of done that plateau on the evolution of the phone yeah, to some degree its becoming clearly a more mature product. I think augmented reality is the next leg of opportunity for smartphones in terms of keeping people upgrading, but i think apple is beginning to move on to the next generation, which could be wearables were seeing new life in the watch and the air pods are doing quite well, may fit in, as well. I think theres still more to be done with the watch, particularly in terms of health care over time so it becomes more of a must have than got to have steve, well leave it there thank you for weighing in on the apple call, stock is up about half a percent right now still to come, why the head of bank of americas Digital Banking division says passwords and Social Security numbers are going the way of the dodo. A live report from the money 2020 cfencinaseg i nexte l vass and the wolf huffed and puffed. Like you do sometimes, grandpa . Well, when you have copd, it can be hard to breathe. It can be hard to get air out, which can make it hard to get air in. So i talked to my doctor. She said. Symbicort could help you breathe better, starting within 5 minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. Symbicort helps provide significant improvement of your lung function. Symbicort is for copd, including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort contains formoterol. Medicines like formoterol increase the risk of death from asthma problems. Symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. You should tell your doctor if you have a heart condition or high Blood Pressure before taking it. Symbicort could mean a day with better breathing. Watch out, piggies child giggles symbicort. Breathe better starting within 5 minutes. Get symbicort free for up to one year. Visit saveonsymbicort. Com today to learn more. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Markets awfully close to session highs here dow is up 191. About 150 points of that, though, is just cat and 3m meanwhile, Digital Payments and mobile security front and center at the money 2020 conference in las vegas. Thats where we find our deirdre bosa hey, deirdre john, no surprise that security is front and center one of the major themes this year and from banks to Payment Companies theres a consensus passwords just arent secure enough anymore visa telling us the iphone x could bring facial identification into the Mainstream Bank of america just yesterday announcing it would be adding another layer of security to its Online Banking that would be twofactor fingerprint and Face Identification heres what the banks head of digital, michelle moore, said what they are thinking about security when more and more people are switching to mobile banking. Weve tested a number of biometric options for our customers, so touch i. D. You have on your phone today weve tested iris scanning over the summer you can use your voice with erica, you have face i. D. Thats coming to market the entire premise of all of that is to make sure that it is easy and safe for customers to do banking and that we know who you are, because the days of passwords and ninedigit Social Security numbers to say you are who you are are going away now, another theme is the growing role of big tech and Financial Services heres how moore views the competition. If were talking apple, google, facebook, amazons of the world, they are always a threat. But in our view we have fantastic partnerships with all of them. We would be silly not to always be aware of our environment and where how customers are living their lives now, apple, amazon, and facebook all have representation here at money 2020 this year a sign of their growing presence in this space, whether it be as partner or threat or maybe both. Guys, back over to you deirdre bosa in vegas deirdre, thank you for that. Lets get back to headquarters and get the european close with seema mody stocks mostly higher in europe, but modest ahead o thursdays ecb policy meeting. Spain is on the rise, offsetting worries about the countrys current political situation. Also point out italy is getting a lift from the likes of Fiat Chrysler the automakers quarterly operating profit jumping 17 , helped by Strong Performance in north america and improvement in europe and latin america that stock up 5 also in italy is uni credit. It accidently released earnings due out next month the bank, which is in the midst of a big turn around plan, reporting an increase in Third Quarter net profit as it experienced lower loan losses. Unicredit up 27 year to date, so a big move here for the troubled banking lender in italy. Lets move to tech, ams surging today at more than 20 the chip maker posting a 79 jump in Third Quarter sales and issuing an upbeat outlook, forecasting very strong sequential sales growth. And if we take a look at pharma, novartis is falling, announcing it has delayed a possible spinoff of its alcon Eyecare Division until the first half of 2019 signs of a slowdown in growth of the euro zone as pmi fell more than expected this month, down 0. 8 to 55. 7, but private sector activity remaining strong with eu Companies Hiring at the fastest pace in a decade take a look at the euro. Were higher around 1. 17, though guys, back to you. Seema, thank you for that seema mody back at hq. Also back at hq, Contessa Brewer the war of words continues between President Trump and republican senator bob corker in a series of morning tweets trump called corker incompetent and criticized him for not running for reelection. Now, corker told reporters this is just another example of how the president is dividing the nation sad from my perspective for our nation and i think the worst of it is going to be just the i think that will be the contribution that hurts our nation the most. You think the president s debasing the nation . I have no question thats the case, just in the way he conducts himself and goes to such a low level i do and corker went so far as accusing the president of debasing the nation. A new law that cracks down on walking and texting takes effect in honolulu tomorrow. That city passed a law earlier this year that allows police to fine pedestrians up to 35 for looking at their Electronic Devices while crossing the street honolulu is thought to be one of the first major cities to enact such a law check this out, china has built the Worlds LargestRadio Telescope to further its search for extraterrestrial life with more than 10,000 cables, 4,500 reflectors, and a huge saucer. Look at that its as big as 40 football fields thats our cnbc news update for this hour. Lets get back to squawk alley. Carl, if they cant see us with a saucer that big, they are not going to find us okay, all right, doctor, dr. Contessa, thank you very much when we come back, cnbc exclusive with kris jenner life from the ceo summit in new york. As we go to break, rally on wall street with caterpillar and 3m powering the dow higher. S p is up 4. My ambition . Helping people get what they want, understanding were not in this alone, and teaching my kids that no ambitions out of reach. Ambitions live everywhere. Synchrony financial helps make them happen with data, insights, financing and technologies. Synchrony financial. What are you working forward to . Stocks rallying this morning. The dow up 187 points. Many indexes near the highs of the day. Lets bring in ubs director of floor operations art, always great to have you here how much of this is an earnings story . Amazing week last week, perfect for the dow. Is that why were continuing this march higher . Well, i think, clearly the dow is the outstanding index thats moving about. What as you noted, its a priceweighted index, and, therefore, the highly priced stocks have a disproportionate effect and were seeing that with caterpillar and a few others i think this week could be kind of critical for the market last week they set a rare condition. The dow and s p had record closes five straight days. They had record closes six straight weeks they had record closes seven straight months. Thats never happened. I dont mean in my history, its never happened in the history of the market well, they are practically the same thing at this point so, when you look forward to, say, thursday, which is a big day for tech seems like half of the blue chip names in tech reporting that day. Is it going to be more about the guidance and what we expect to see towards the end of the year, or more about earnings that they report right now i tend to lean to the guidance i think people want to see where they move out. While it hasnt really hurt earnings in most cases here, we still have the fog of the hurricanes in some of the data thats coming out. Im hoping to get a clearer picture on oil, both tonight and tomorrow and see where we go from there i think this could be a critical week for the market. If were going to have a blowout peak, this would certainly be the week to get it done. Also on pins and needles over the fed decision, which we are expecting very, very soon, according to the president last night. Goes to asia next week should get that decision before then it feels like weve come to a place now where its the status quo current fed, which is helping the markets quite nicely, yellen or powell, or what the journal called the change agents. Would that be disruptive theres a debate going on. Well, could be, but i think that if the president sat with his advisers and thought carefully about it, he has the potential to influence the fed in any greater manner since woodrow wilson, and if i were he, i would do a kind of stealth move i would go with powell i might put taylor in at some capacity, but i would try and as quietly as possible reform as many openings as i could find. Because if they want to get the economy moving again, one of the things they talk about is deregulation, and its certainly bank deregulation. Clearly, the Community Banks and others and he can put a large enough influence in the fed governance to get that done he doesnt have to do it by standing his foot and waving a flag, however. He can get it done quietly really quick, what do traders say about corker trump today its unfortunate. We think its beginning to cast some doubt over the tax plan, because corker could be a valuable support if they are going into it with guns blazing. That raises some doubt going to be an awkward lunch. Yeah, always great to have you, director of floor operations for ubs when we come back, a cnbc exclusive with Kardashian Family matriarch kris jenner live from the womens wear daily ceo summit next. Im scott walker coming up today, leon cooperman is with us exclusively for the hour today tops on our agenda, coopermans take on the stocks as the dow hits a record high, including caterpillar, 3m, fangs, also weigh in on tax reform and the bitter battle between adp and ackman Halftime Report noon eastern sara, see you in 15 minutes. All right, see you then the kardashians have certainly become a household name, keeping up with the kardashians launched about a decade ago, but since then kris jenner and the family have created a multimillion dollar empire that includes tv spinoffs, beauty and retail brands, and many high profile business partnerships. Our Courtney Reagan is at the womens wear daily ceo summit with kris jenner herself courtney, take it away good morning, sara, thank you very much. I think empire is quite a way to describe everything youve built with the family, kris, thank you for joining us thank you for having me this is exciting this is my first time here, so im really, really excited a lot to talk about in retail and fashion, and especially whats going on with Kylie Cosmetics. You revealed some pretty blockbuster revenue numbers, 420 million in just the first 18 months, and its only sold on the website. Its only at ecommerce right now, thats right. Are you looking to partner or build your own Kylie Cosmetics stores whats the future of the exposure for Kylie Cosmetics i think the goal in the future is to just build the whole infrastructure and perhaps figure out what a retail model might look like, that Business Model that can take it really globally around the world. And theres so many people that on ecommerce that cant get it quite as easily, so weve recognized that, but shes got shes just scratched the surface, and theres so much more to do with the brand. She doesnt even have Color Cosmetics yet, the foundations, the blushes, you know, theres so many pieces of the puzzle that have to be put together to create an entire, you know, line of cosmetics and shes so excited about it. Shes already gone right now were planning to head through february, i think it is, and valentines day, and after that shes got so many ideas and so many ways to, you know, explode in another, you know, another line of her kits and just so much to look forward to. And how are you doing this financially . I understand its mostly self funded do you not need Equity Partners for this as you explode bigger and bigger well, im not its certainly worth exploring, but right now, you know, shes very smart about keeping it all in the business she owns it 100 herself, and she doesnt have any investors so, it makes for a wonderful opportunity to be able to, you know, one day do this with somebody i think that right now its because were such a small business, its the infrastructure and the advantage of having a bigger, you know, brand attached to her company would be really advantageous, because she would be able to immediately have all the people that she, you know, her fans, her followers, everybody that she is doing this for. Shes just doing this because its really her passion. Its so authentic to who she is, because shes wanted to do this since she was a little girl. To see her be able to have this kind of success is something that she really loves is really great. You must have been approached by este louder and loreal and want a part of it, if not all of it weve talked to a few people and, certainly, there is interest well see what happens, you know, totally see what the future might bring, but shes really i dont think she sees herself stepping away from this brand for many years shes 20 years old she launched this a couple years ago now and its something she really wants to stay attached to for many years shes really, like i said, scratched the surface. Its not the only beauty brand that your daughters have there are a number of others is there room for everyone is there customer overlap . Are they serving different consumers . I think as a total family unit we have about almost 800 million followers on social media platforms combined, and kylie has 200 million of those and kim, for example, has close to that. So, i think because there is its almost two different generations, you know, theres an age gap between kendall and kylie, and its a different audience, its a different demographic almost, and then they overlap so thats what makes it so cool. When kim came out with her contours and that was amazing, because thats what kim is known for. And thats her whole, you know, her whole passionate the thing shes been researching for so many years and the thing that shes so proud of and the thing that she works on so much just t launch with that product, and, you know, in a range of colors and make it something that was so accessible to so many, but its the same thing. Its trying to get that distribution. Right. Around the world, you know. We ship internationally, but its still a bit of a challenge when you dont have a Distribution Center in the middle east, for example, where it would be one of their greatest. It would be. Markets. I think sara eisen has a question sara yeah, kris, a broader Business Environment question. Youre an entrepreneur and a reality star not unlike our current president. Whats so interesting is stocks are at record highs as we speak. Confidence is up from small and big business im wondering if you think President Trump is good for business. You know, im not someone who really speaks out politically one way or the other because i just have my own views that i keep it myself but i think at the same time what i see happening in Business Today is smaller business owners, the opportunity to be able to have the freedom to go out and do your thing and have immediate feedback on whether something works or not i think businesses i have five very strong women that ive raised as daughters, and i have a son who loves what he does, and they all have their own businesses that are driven by ecommerce, and i think that because what we do is in our own neighborhood in calabasas and our offices and our homes, we arent we do everything so its just a small little window of an office that we can get immediate feedback that really doesnt concern anybody else, you know im just, you know, concerned with exactly whats going on with each different company, and i dont really think about, you know, what someone else is doing to affect our business because we get that instant gratification, and then were not always right. True. I dont always win every time. True. You dust yourself off and you pick yourself up and thats the great thing about our country is we have the freedom to try and do Different Things and its an amazing opportunity. Last question as we send it back are you going to manage the next generation of the Kardashian Jenners you know what, i think everybody has to do in their life what they love. Yeah. And i think thats what ive found tonight most successful thing for my girls, my son, my family, is we all do what we really love. Right. And that makes for me, you know, their success. Thank you so much, kris jenner, really appreciate you joining us here today. Thank you. Im going to send it back to you all at the new york stock exchange. Nice try getting her to get whether kylie is pregnant or not. Squawk alley will be back right after this dow briefly up 200 points. Obviously on the back of cat and 3m as the index continues to gain some steam here there we go. Tenyear, by the way, at 2. 4 and above. Talk a little bit more about this rally when we come back alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Watching the impact of some of these highpriced dow names on the Overall Index its caterpillar and 3m today the journal has a piece up that the difference between the dow and the s p, because of dynamics like this, is the largest in 15 years. Wow. And to what extent i wonder is it some of that same dynamic of the rich getting richer in the dows big companies, s p more represents everybody. That index, even taking a look at the trade today up just. 20 . Mcdonalds is holding the dow and chipotle reports after the bell you mentioned the contrast in charts in ge and 3m due to chipotle and mcdonalds over the last few years, a role reversal and analysts looking for 1 comps so mcdonalds is really killing in in the Restaurant Industry well see if chipotle offers investors any home its been an underperformer. Been some downgrades. It will be chipotle and at ts tonight, amd as well so well have some tech wood to chop tomorrow as well. High expectations out of amd. Of course, they have been killing it over the past few minutes. Amd and nvidia used to be perennial losers to intel. And just like that, get the chart right up there also, its interesting to watch the body language around this luncheon with republicans today. President trump, senator corker both there. Yeah. Lets get over to the judge and the half. All right. Welcome to the Halftime Report. Im scott wapner the index is the best performing of the major averages over the past throw months so how can it really climb with us joe terranova, stephanie link, josh brown and jon najarian and our special guest, leon cooper man of omega advisers, with us for the hour today from florida the dow almost halfway now to the 24,000 mark. Lee, its good to have you back. How are you . Thank