President trump and u. K. Prime minister Boris Johnson. I think its pretty much what you expected. He is doing a fantastic job. I think he will make great progress come october, come november. Great progress for the country. October. He is also going to start the show in november. It looks to me like he is making great progress. So its an honor to have you here with us discussing trade. We can quadruple our trade with the u. K. I think we will do a big job. Our trade representative is here. Well continue negotiations. We can have substantially more trade with u. K. Well talk about other things, also. Great to have you. Thank you very much. Its great to be here y. Certainly hope that we can mag a lot of progress. Our secretary of state is here. We hope to get going on that always remembering that the nhs is not for sale. Everything else we can do. Iran and the difficult issues where i think we share a common perspective. We want to make sure that people in the gulf didnt get the wrong idea. Thats a complicated issue. Well be talking about many things. And we look forward to it. Well start. Thank you very much. Thank you. Mr. Johnson, some of your critics are saying you should resign because you misled the queen with regard to shutting parliament down. How do you respond to that as i said earlier on, lets be absolutely clear, we respect the judiciary in our country. We respect the courts. I disagree profoundly with what they have to say. I think it was entirely right to go ahead with a plan for a speech. This is the longest period we havent had a queen speech for 400 years. We have a dynamic domestic agenda to get on with, more police in the streets, investment in our National Health service, improving our education. We need to get on with that. Frankly, i think we need to get on with brexit. The british people whether they are ready to leave or remain, they want to get this thing done by october 31st. Thats what we are going to do. That was a very nasty question from a Great American reporter. I think he was asking a question that a lot of reporters would ask. Hes not going anywhere. Anyway other questions. I think hes dealing very well. I tend to watch friends closer to enemies. The enemies you have to watch in a different way. I think he is doing very well. Its a complicated subject. They took a vote and the vote i was there. I happened to be there. I made a prediction, even. I even made a prediction. It was the correct prediction. That was a long time ago. It takes a man like this to get it done. They have to get it done otherwise it would be a terrible thing. I dont see another vote. I think he will get it done. What was your reaction when you heard these u. K. Supreme Court Decision i had no reaction. I just asked boris. He is a professional. Its just another day in the office. Tomorrow is another day in parliament. We had the first couple of months we were 0 for seven with the Supreme Court. We won the wall, asylum. We had a great streak going. The first time we won, you were shocked we won. Since then, we almost won the table. Im shurp that will happen to you. We are full of respect as i said to the justices of our Supreme Court. Were going to push on and respect what the court has to say. Were going to get on and deliver brexit. In other words, he has been very ice. He has total respect for the court. Can you explain why aid to krai ukraine was stopped . Because i think other countries should be paying. Why is the United States the only one paying to ukraine i have been talking about this for a long time. Frankly, why isnt germany, why isnt france paying . Why are we paying all the time nobody has given i believe more to ukraine. President obama used to send pillows and sheets. I sent a lot of things to ukraine. We think that its very important. That payment was made. I wanted to get other countries. Other countries should also pay because it affects them more. Its a wall between russia and the u. K. And they dont pay. Why are they not paying . I made that loud and clear. I told it to a lot of people. I told it to mike. I told it to steve. I said it to wilbur ross. I keep asking the same question. Why is it that the United States is always paying these Foreign Countries and other Foreign Countries that frankly are much more affected, theyre not. I said hold it up. Lets get other people to pay. There was never any quid pro quo. The letter was beautiful. It was a perfect letter. It was unlike biden who what he said was a horror. And ask how his son made millions of dollars from ukraine, made millions of dollars from china even though he had no expertise whatsoever. What he did was a real problem. With us, there was no pressure applied, no nothing. Okay, folks. Thank youvery much. That was obviously President Trump and u. K. Prime minister Boris Johnson taking questions at the United Nations. Lets get a wrap up on what they said, eamon javers. I thought the question to Boris Johnson basically should you step down since the Supreme Court has basically trounced your parliamentary suspension deal reporter that was an american reporter and the president said it was a nasty question. It is the question of the day with calls for Boris Johnson increasing after their Supreme Court found the suspension of parliament was unlawful. At the same time, the president facing his own political consequences for the way he has handled the ukraine situation. The president saying he held up payments of military aid because hes concerned that military allies arent paying enough. Thats the president s second explanation. He was suggesting that he did it because he was concerned about potential corruption in the ukraine. All of this coming as democrats are getting set for a 4 00 p. M. Meeting today to discuss impeaching the president for his role in all this and how to move forward in a possible impeachment inquiry on the president. The stakes couldnt be higher as we watch the president dealing with his foreign leaders who are dealing with so many crisis of their own. There is a little matter of iran and saudi arabia, as well. Eamon javers, we appreciate you being at the United Nations all day. I guess welcome back to Halftime Report. Thanks for being with us. We have reintroduced our panel. Lets welcome in chris whalen who just popped on during that. I want to talk about something that is a little bit wonky. Its wonky but important. You rang the alarm bell a few months ago dealing with the feds operation on the repo market. Please, chris, in plain english, whats happening and why do our viewers care, if they do the fed for the last year or a little more has been shrinking their Balance Sheet which had the affect of shrinking banking deposits. We saw this all of this year soef there has been a lot of discussion for well over a year about complicating the shrinkage of the Balance Sheet with a program that would let them put liquidity in the market Dudley Williams at the fed are wrong when they said they didnt miss it. So i think its key for investors and also the public at large is is the fed really serious about the target for fed funds . If they are, they have to defend that two percent. They have to be ready to add enough cash to make that market clear. Evoon today, we had a very brisk trade this morning. We hear that a Federal Reserve bank has effectively a cash shortage and its getting fed in by the Federal Reserve macro. We havent seen the market move. There is a completely rational explanation for why there might be a mismatch. Fl i need to ask you what your thoughts are. This is six years ago. We were told that that would presage a crash, not a recession, not a correction, a crash not only for china, but for the entire asian region and anyone that does business with china and anyone who relies on funding from anything related to china and actually the whole thing blew over in two weeks. The chinese authorities figured out there is more needed. Well just get all the banks to calm down. I understand its apples and oranges. Isnt it more reasonable to say the fed has identified something that they are causing and they should fix it and then we can all get on with our lives . I think thats right. Remember when they departed and started buying trillions of dollars worth of securities, they created this superasset called reserves that dont have to be hedged. Banks tended to want to hold those. They distorted the market. The fed hasnt repalized until today or last week that they needed to manage liquidity. When you are brutally reducing the amount of Bank Deposits which is what we are talking about, every time one of the reserves got redeemed at the fed what would you prefer the fix be a standing here is the rate or stop paying so much on reserves which i think is slowing down the velocity. I dont know why they are paying on reserves at all. The fed has to realize that they need to manage volume of liquidity. If they say the upper bound is two, they have to defend two. This morning we were trading over two. It came in twice. If they dont commit to the street before october 5, they will continue this through the end of the year, we can. This is not going to crash the market. This is not going to make any asset. We could have a repeat of december. What chris is indicating is from a liquidity standpoint. Its important because youre coming towards the end of the year. You have a market place that right now everyone is aircraftizing it as basically having until we get to earnings. Yourp rr in a buyback blackout period. A lot of people are reflecting back to this time last year and saying i was basically ahead of about nine percent in the s p towards the end of september. And i lost my entire year in three months. I was down for the total return on s p a little bit less than five percent. The Federal Reserve is better off. This is a Monetary Policy reinvesting. I think it is important that our viewers well know quantitative easing. What they remember was whether you liked it or not, it did seem to goose the markets a bit because you had sort of federal money coming in to prop things up. This is i think a small form of quantitative easing. Should it goose the market again . Its an offset. A lot of this is technical. A lot of this is taxrelated. A lot is because the banks pulled back. The fed acted appropriately. If its too late, fine. At least they acted. There is no way they are going to stop in october. They know the market is fragile. Investors are looking at other things like trade and upcoming earnings and the Economic Data. You just scared me. Im easily frightened. The market is fragile. It is. We know that. Look what the market did today. The market went south. Same thing happened on friday. And its fragile because of that and because the Economic Data is very mixed. We are slowing. We are not in a recession, but its mixed. We have back and forth days of things Getting Better and worse. I want to keep it simple and basic here. I slightly disagree with you as it relates to the fed right now, because i think they are giving the market the signal that we have this tool. We are using it right now. And we are going to be here in the event that you need us. The fed came in twice. You have overnights, terms. You have them looking at how to manage the money market liquidity. They cant determinewhat tax redemptions are going to be. Thats my point. They still cant determine and say this is the liquidity thats needed. So two things. I think that the risk from the fed is what the fed is going to miss. The fed isnt going to miss this. Theyre paying attention. They will get this right with the overnight liquidity. Markets have been shorlt term fragile all year long. Long term there hadnt been anything fragile. Earnings havent taken it down. China trade hasnt taken it down. This market has continues to climb. Longer term, this is still one of the best. We havent exactly boomed in the last two years. We just got back what we lost in december. The markets arent fragile. The fed should have seen this all year. When we had tightness in the middle of june, that tells you that there is not enough cash for the market to clear. It was addressed. August is supposed to be a snoozer. We had tightness in the second and third week. Should have seen it coming. Im going to throw something out there. This happened after the fires. People i talked to said the saudis had to take out so much money because they needed to start rebuilding immediately and that that was kind of not just a tax selling but a cash crunch because saudis are like we need 100 billion dollars now of our money back. Im just saying it goes to show how the second and third things can rattle the markets that we didnt think about before 2007. We have a solution. We have the fed coming in. What its giving and should give the markets is a bit of solace and a bit of ease because theyre saying we are here to stay. Because a Security Guard was sleeping in 07. Yourp rr saying they are awake. Wide awake, well caffeinated. They are ready to go. This theyre watching. There is a basic conflict between the way they manage and supervise banks and Monetary Policy. Until we get people in a room in washington and close the door and fix this, we have the top five banks are islands. The regulators told them cut off your biggest customers to prove how liquid you are. How is this helpful . Jamie is out. Is there any risk to the big banks from this . No. There is not a risk to the big banks. I think chris is emphasizing that youre exacerbating the problem because of the calendar. Youre coming up towards the end of the year which in the last few years historically looks like liquidity and dries up at the end of the year. C concurrent with that, you have to address it. The president keeps complaining about the u. S. Dollar moving higher and higher. The Federal Reserve cant fix that with 25 basis points lower. Thats not going to work anymore. The world is short the u. S. Dollar. There is not enough dollars. What does that mean for equities what that means for accounts is that you will continue to have pressure on the global Multinational Companies who are not benefitting from a lower u. S. Dollar until we can reverse that problem. Which is what make sure the market has plenty of funding. You are close to the books. The big banks do not want to take incremental risk. They are done. The big guys have said we are done for the year. Its september. This is pretty clear. Its very different having Jerome Powell running the fed. Just having that leadership. He comes from the private sector. He has been with private equit firms. He understands the workings of money, stopping and starting and what that can do to the economy arguably better than any of the academics who had held that position prior. Dont you feel as though the markets got a certain higher degree of confidence as a result of powell being there as opposed to somebody who spent 15 years in a law library at yale i totally agree. I think we need more people on the fed board who have market experience, not an economist who segued. Is this your audition i worked at the fed in new york. Id be happy to go back. What i think aboutthisfed and whether its at the new york fed or otherwise, they are engaging the market place a little bit more and i think more so than we have seen before. A number of things could have led us into a spiraling down turn. Absolutely. Totally pivoting. Maybe they might not have cut rates fast enough or as many people wanted, but they still pivoted big time. They went from tight to much looser policy. Bottom line is viewers might buy etfs. They can feel comforted that the Security Guard is awake. Well caffeinated. By the way this is not a market. Theyre trying to understand why netflix on a daily basis continues to believe it is basically above the 2018 low. Why the f. A. A. N. G. S. Cannot break out. Those are the three equity stories. You know thats our d. Block. Thats coming up in this hour. Diversify portfolio of stocks, blue chip, dividend and dividend growth. We have to thank you. Everybody remember the movie repo man if they remake it, its going a be chris whalen. Hes the repoman. Pgreat analysis. You took a complex thing and made it understandable. We will move on to netflix and other things. Heres whats coming up on Halftime Report. Going all in on wynn. Goldman upgrading the stock to buy. Our guests debate it and the rest of the gaming space next. Pete is following the action in the options market. He has new trades for you straight ahead. We want to hear from you. Send us your questions at wes. Com halftime or tet u Halftime Report is back in two minutes. Ain new places. Ation leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. We want to hear from you. Please send us your questions at cnbc. Com halftime and well get to your questions at the end of the show. Go to cnbc. Com halftime or get us on twitter with the askhalftime. Welcome back. Im sue herera. Here is your cnbc news update. President trump speaking before the u. N. General assembly this morning. He commented on the ongoing dispute between the u. S. And iran, calling it a global problem. All nations have a duty to act. No responsible government should subsidize irans blood lust. As long as irans menacing behavior continues, sanctions will not be lifted. Hundreds of new cases of vapingrelated lung disease have been reported to the cdc. Last week the agency said 530 people have been sickened. Health officials have linked the illnesses to vaping. Health experts have issued a report card on the american diet. Researchers looked at dietary trends over an 18year period. While there was a decline in the consumption of low quality carbs. High quality carbs only accounted for nine percent. That is the news update this hour. Sue herera, thank you very much. Shares of wynn resorts are trading in a bear market after falling 26 from the april numbers. Goldman sachs says it is time to get into wynn. It is your call of the day. Stephanie link, agree . I like it a lot. I do not own it. I have been looking at it for the last couple of weeks. We are hearing china data is Getting Better in terms of the gaming revenue per day. Thats a big piece of this story. Its 70 of their revenues. Every weekend a short ferry ride away is hong kong and protest demonstrations. And you can say that, but the numbers have actually gotten better since the summer time. Thats one of the rooechbs w re the analyst likes the stock. Free cash flow yield of nine percent. I hate disagreeing with stephanie. I will because i dont think you need to assume the risk and this being weaponized with the trade tensions. December 20, they celebrate the anniversary of when portugal handed over to china. You have a new government coming in. Youre talking about the big three. Las vegas sands, mgm and wynn. They are all not paying the 12 local tax. If this becomes weaponized you have to factor in they are going to pay the additional 12 tax and the expiration of the operating licenses. Who knows how long this dispute is going to last if there is a favorable resolution then clearly wynn is under valued. Im not smartenough to know when that resolution is going to be. Why endure the risk . I kind of look at stocks a lot like stephanie does. Its 27 off its alltime high. Its 17 times earnings. It has a 3. 7 dividend. Im going to get on the plane and go look at it. Maybe i need to buy. I think we all have the mechanism here backwards. The chinese are using sheldon eddalson to communicate with trump and pull his chain back. The wall street journal had an article about it yesterday. The only reason they would have word of this is because somebody wanted it to leak, but sheldon eddalson had a phone call with trump well documented basically saying consider the broader ramifications of this trade war with china. You know, he doesnt really care. He cares about his property and the standing of u. S. Gaming companies. So joe is right to bring that up, but its actually backwards. This is whats being used to keep trump on an even keel. And obviously all of this money whether were talking about steve wynn money or eddalson money, thats what fuels the president. Thats what fuels all of the other ogop candidates. That is what is actually keeping the china trade war from spilling over and becoming more vicious. There are too many intertwined ininterests and the casinos. Eddalson at the the start of the conversation. He is keeping things from unraveling. The risk that you have is eddalson is not there any longer, then you do not have that connection and you have that open pathway for them to respond. The private sector may be keeping it from making it worse than it already is. Its a game i dont want to play. I think there are so many other options. You probably have 15 other options in your portfolio. You did something this week. You didnt move on wynn. You moved on other things. Im very close on wynn. If you assume i dont know about that. I dont know if i want to be in this around 2022 if the discussion is going. This might just be a trade. It could be like a sixmonth trade. All of those charts are trash. Its down from 202 a year and a half ago. They are in the middle of the range. All of the stocks are off the low. There is no trend. The data is starting to improve. Youre saying its a trade. I can turn it into a threemonth trade for you. This thing is very volatile. Its like tactical almost. This has the potential to be a great unusual activity trade. We have that also coming up. Take all your money out and put it on red. You have a new nickname. Jumping joe ternova. Moved from gambling to housing. Toll brothers making gains this year. That stock is up nearly 20 . Options traders are saying there is more upside ahead. Pete has more on that trade. They were just knocking in the options market. What do you think . You know im a trader. That peaks me up a little bit. I own wynn. Im already there. I think you have to look at it a little bit longer. Back to toll for just a minute. We have watched this stock start the beginning of the year with 33 a share. Its just off the highs which was just over 40 a share. Today theyre buying october 40 calls. They bought about 3,000 of these. Stock was trading 3990 at the time. I like what were seeing here because theyre playing the break out. You look at the chart. It feels like its already broken to the upside. It feels like it might want to break up a little bit more. I like what were seeing there. October 4th expiring. These are only going to be around for about eight or ten days. Im in this trade. I like what we are seeing in toll. I have another one for you in snap. If you take a look at snap which is up, this is up about 200 on the year. Its had a great year so far. When you look at snap, take a look at september. September 11, they started buying upside calls. October 16. Those actually doubled. Then the next week on the 17th, they started to buy the 17 calls. Those were tripled as of today. They are selling out of those. 7,500 has been rolled now to the 18. 5 strike calls. Looking for more there. These are inexpensive options. Its not going to cost you an arm and a leg. By the way, if this thing fails, if this thing pulls back, you know exactly what you paid is the most you can lose. I love these kinds of trades. I just keep rolling. They keep rolling. Im going to continue to role with them. Im waiting for these. I have these out to october, as well. This will be a really interesting thing to see how high can snap go its joe. Can we go back to wynn for one second if the viewers want to be in it, a serious question would be how long out for a trade would you look are you buying the october, november, december calls what do you look at . I own the stock, joe. What we had seen with wynn is wynn has been a great opportunity stock in terms of huge premiums in the upside calls. This is a buy ride stock for me. You will see a fairly significant number of stocks in there along with the options positions. This is one where it stands out because great premiums. If you bought the stock and selling calls against it, you are selling five or ten dollars out rkts youre getting a nice premium and you can move with the stock as it is going and buy back and sell and roll. I continue to roll. There have been bulls that continue to be in this stock looking for upside. I dont know how much upside there is. I love steve wynn. When steve wynn was running the show, that was something that kept me there. Once he stepped away, i stepped away, but im back in it right now. I like the action on snap. Good discussion there. The streaming wars, they are heating up. Netflix going negative for the year. Disney going the other way launching their new streaming Service Coming out. Were going to debate which one would be the better bet for your portfolio. The dow taking a turn negative. ll talk about the turn around and streaming wars. Were back right after this. Automatically goes into a Money Market Fund when you open a new account. And fidelitys rate is higher than e trades, td ameritrades, even 9 times more than schwabs. Plus only fidelity has zero account fees and zero minimums for retail brokerage and retirement accounts. Just another reminder of the value youll only find at fidelity. Open an account today. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Hi everybody. Heres whats coming up on the exchange. Well continue to follow the market sell off. We will continue talking about facebook which continues to get bigger. Is it a good move or is the company asking for trouble vaping under fire on capitol hill today. Well have the latest and a look at one company actively seeking out harmful substances. Samsung asking customers to be gentle. Were going to talk about netflix in one second. I want to take a look at the overall markets. We are down across the board. The dow is down 174. We have a great team in the control room. Put up an intraday chart of the dow, please, because a few minutes ago, headlines began to circulate that speaker of the house nancy pelosi was going to meet with her caucus this afternoon and that there would be some kind of announcement this afternoon. We have no details on what that is. Obviously, the impeachment word has been going around. There have been discussions about possible votes. The pelosi headlines came out minutes ago right when the market right after 12 20 or so began to turn down. You live in d. C. D. C. Insider. Is it possible im not trying to directly tie the two. You can stay with me tonight. This looks like it can get ugly. I live on long island. Well have bagels. I never had a bagel. It does seem like that these pelosi headlines and the markets turn are likely connected. Does that make sense to you . Of course, it makes sense. Inside washington we are hearing that pelosi has been holding off her troops and perhaps a mutiny has gotten to a point where she has to listen. She has not wanted to kind of give the president that sort of a foil to fight against in this final election year. If as were hearing in d. C. The freshman congressmen, the younger class have really come to her so strongly to say we have to do this now, she may not have a choice. And that could be a big announcement. Because it wasnt earlier. We knew there was a meeting. The fact that she announced she has an announcement. The question is what is it you know how stupid the market is . You know how dumb this reaction is granted the headlines wont be great. Are we forgetting that he controls the Supreme Court and the fbi and the Justice Department nothing is going to happen. Theyre not getting two thirds. He literally said he can shoot someone on fifth avenue. I think that is true from the perspective of impeachment. The f do you believe then this would be one of the situations where it is machines reading the tape ta . They saw the iword and the Software Programs kicked in. If you were the first to do it this is the market were in. This is exactly why i said the markets are fragile, because we trade off on any bad headline. Its crazy. You cant react if you are a longterm investor. I think you have to look for opportunities. If youre looking for a half a Percent Discount to buy the overall market, is right now the opportunity . We were up earlier. Wait until the year of impeachment proceedings with clinton. 1998 was a phenomenal year for stocks. 1999 was better. These are two of the best years in history backtoback. Because internet. Name your qualifier. Im getting out because there is impeachment . Arguably, the market loves sitting at 162 now. Can continue to slowly melt up. Thats all that is going to happen. First of all, i love the optimism today. We went through the repo argument and impeachment argument. Let me flip it. Ill take the other side, because anchor. Go for it. Im going to stop talking. If we see this stretch and hear all the arguments and fundamentals, it can go to investor psychology, consumer psychology. It makes america shaken a little more. If we can josh is doing a good job talking about the investor sitting at home talking about the long term. This is the worst possible week to receive some form of news like were getting for the markets to be traded. This is a blackout period for companies to buyback their stock. It is also the last week of the quarter. Things happen in the last week of the quarter that are unexplainable that have nothing to do with fundamentals. And for a longterm investor mutual Fund Fiscal Years are coming to a close next month. Its basically a vacuum. You just got your 25 basis point cut. Youre in a vacuum until you receive the earnings. Youre going to see significant distortions within the market for the entirety of the week whether on a nancy pelosi 4 00 p. M. Press conference or on news related to china or something coming out of europe. Thats just how the characteristic of this week breaks down. It is out there. We are just audibling. No one is making a big deal about 16. 5. The vix is up 11 . Somebody is rattled. Youre seeing a risk off trade here. The short term fragility. You are seeing nasdaq down. Dow is only down 0. 6 . The risk trade is off on this kind of news. That really does tell you that the high flyers are taking those profits quickly. Its been pointed out to me by a very savvy analyst that even if the impeachment does go nowhere which is what the consensus would be, it might emboldin china to hold off on making a deal. Thats been pointed out to me by ben berdankweed on twitter. Ben is making a great point. I feel like that is nine dimensional chess. I dont think the algorithms written to sell on impeachment headlines are even going that far. Just my base case in these types of movements are whatever you are seeing happening in front of you with software is not people thinking things through. When those people resume control, that instant snap of volatility is quickly fa lly swd up. You cannot continually highlight the contributions and then dismiss it when they peak. They peaked july 26. That was before the escalation in trade tensions. They have peaked. Give me back the Software Names that looked immune to come of the Economic Contraction that we were experiencing. I need those names back again. I need the f. A. A. N. G. Names back again. I need momentum growth namds to come back for there to be confidence. What is interesting, though, when trump got elected i built the trump portfolio which is 50 stocks compiled from bank of america, all of the names that would be in a trade trump infrastructure. All of them but three are down. The king of twitter might be accurate. If there is a move toward impeachment, you cant just even if we dont believe he will be impeached because of what they talked about, you still have the possibility that the american voter, the American Consumer freezes up because its going to dominate the headlines for the next year year and a ha. You have it backwards the market doesnt hate these events. I agree with you. I agree with you a hundred percent. Im saying the consumer, not the market. Im trying to answer and youre going all over the place. Back in december when the market melted down, that did have an impact on the consumer, on consumer confidence, on Business Confidence it rolled right over retail sales rolled right over so yes, it will have an impact if it is really serious and the market totally tanks and then all of a sudden you do have 70 of the u. S. Economy at risk. But this is just a one headliner, we dont even have the details. Im not trading on this kind of information. I might look to buy something. I dont know well have to see. But this is certainly not something that you want to act on as a longterm investor. Well finish the discussion on this. Right now, we have political news moving markets overseas as well the British Pound Sterling spiking today. Let get more with the futures crew. The pound is spiking against the dollar following a Supreme Court ruling that bar is johnsons. Boris johnson finished his meeting with President Trump what does this latest Brexit Development mean for currency traders . I think he got a rebuke but i dont think its going to mean very much. It doesnt change the fundamentals that means that parliament will come back, but we still expect brexit and it looks like its going to be a hard brexit on october 31st theyve had two years to fix this what makes you think theyre going to be able to fix it in five weeks where do you see the pound headed here, jim so the longterm down trend has seemed to have been broken and it seems there was a Short Covering rally that weve seen over the last couple of weeks. The 126 level, we tried to go above it and rejected it were going to test it again and i dont think were going to go above it im looking for a spot for it to level out and then possibly sell it. Well keep an eye on the target check out our live show coming up at 1 00 p. M. Eastern. Well dive into the latest on crypto futures well be joined by may flower advisers larry glazer who will provide his rspepective on the market halftime answers and your questions after this futures now is featured by futures now is featured by ameritrade and cme group utely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. Tv aas many safety features powas the rx, the new. The lexus rx has met its match. If theyre talking about you. You must be doing something right. Experience the style, craftsmanship, and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. Owning and running the biggesta Small Business is finding the right people. In hiring our first recruiter, we decided to post a job on linkedin. They had to have worked. At a recruiter firm and be bilingual. When we saw ana marias profile. She had a ton of experience in hr. The interview went really well. And she seemed like someone who could really sell mckenzie to perspective employees. We found the best person to find the best person for us. Post a job today at linkedin. Com grow it is 12 55. Now for ask halftime your questions being answered. Weve got phyllis in california, wants to know walmart or target or maybe both for a longterm hold. Both. Stephanie, burt is asking if he should buy apple now, earnings short. I actually added to apple ive owned apple for a very long time but i added to it, i think the 5g services and valuation and i dont think a lot of people own it. I think a lot of managers underweight it i like the valuation as well. Did you see the wells fargo call this morning . It said 5g is underappreciated courtney, will uber make a comeback yes you want more . Yes i definitely think uber makes a comeback its become one of the staples inhouse holds at this point in time i dont care what ride hailing app you use, you say im getting an uber. When you get into that zone as a company in this country, it speaks volumes google or a kleenex. Or nike im not making comparisons on anything other than that component of it. However, i will say on the long term its a name that you absolutely can hold and i think it does make a comeback. You recently moved to atlanta, so give me a coke. I love cocacola and ive owned it get me a coke. And we know there was a lawsuit about that when youre at the store and you say give me a coke and they give me a pepsi and i know the difference. You do know the difference. Kirk in california asks, josh, should we buy nvidia here . No, i dont see any compelling reason to have to buy it here. Its had a nice move off the lows and its still far from the highs. I talk about charts that are in no mans land all the time this is a quintessential example. Theres softness in all of the chips, and im not saying thats meaningful, but if youre buying something as a trade right now, there are way so many amazing setups and this is not one of them. Michael, what are your thoughts on cvs . I continue to like it the merger with aetna and the ownership of aetna is terrific weve got the minute clinics and the prescriptions. I think that theyre absolutely best in class. And when you go in you can get the pep ridge farm cookies on the way back to prescriptions. At my age you go get prescriptions. I want to do a bonus one, joe, because we had a viewer write in, underdog, he says explain when you said blackout period for buying back shares. Ill do that real quick and then im going to ask courtney for some help on this. Basically that is the period before earnings. There was no mandated period, its generally understood about two to four weeks where insiders, Company Employees and companies themselves are restricted from buying back their own stock ahead of earnings from a compliance standpoint in such a compliant heavy world, logically it makes sense for companies to adhere to those policies there are occasions where during that period you can buy back your stock. Absolutely. Really quickly on that, ultimately buyback period, youre in possession of nonpublic information. The only time you can do it is if youre in a trading plan and you give it to a firm to trade it. Weve got a news alert. Lets get to sue. Yes, the wall street journal and now reuters reporting that adam neumann is expected to step down as ceo, however, he would remain chairman of we company according to the wall street journal. Theyre citing some sources watching that report according to these reports, he is expected to step down as ceo of we company, but we main as chairman of wework back to you. Everyone knew he was going to do this. Everyone understood that this was going to be the maiden that was thrown into the volcano to keep it from exploding the bigger story is the massive haircuts that are going to be taken by the venture firms that came in in the f rounds, the g round. The story is that can soft bank be looked at as a rational player in venture financing anymore, and probably can it . No, of course not guys, one word answer on final trades here. Verizon. L 3 harris. Netflix. The impeachment will happen on twitter fedex its cheap there you go. Great job. Thank you very much. A lot of breaking news in that hour as well im sure that kelly and the team at the exchange will pick it up right now take it away brian, thanks very much hi, everybody and heres whats ahead. The dow is down more than 200 points right now well have more on whats driving us lower at this hour. Were also at a key Inflection Point from the transports to the chip names to the value stocks well talk about whether this is all signaling a breakout or a breakdown. Thats all coming up in the first couple of minutes. Plus, what france can teach the u. S. About free markets, thats right, france, the author of a new book making that argument is here to make his case. And well talk about the netflix breakdown that keeps going on and whether th