Frame on over how long of a period of time will they hit that 50 billion figure. The president also saying here to reporters that the chinese wanted to start phase two talks right away he says thats fine with him the president also saying the tariffs that remain on chinese imports will be used on negotiations for that phase two deal so that president here implying he hasnt given up all of his leverage in further negotiationegotiation negotiations no time lyline for when that phe two deal had been completed. That seems to be where things are headed now were getting some tape coming in of the president s comments well bring you that as soon as we have it meanwhile, were getting a bunch of very supportive statements from business groups, crincludi from former treasury secretary hank paulson, saying this is the first bilat rahal trade deal in to years it was hard fought and long overdueth overdue. This is a first step toward completing a comprehensive trade agreement. Scott, reading that statement you do get the sense that for many officials from washington, this is more than just a trade deal, it sort of a geo strategic opportunity for reset and geo strategic diplomacy. Theres a lot more here than just ag purchases but the devils in the detail and we bring you the details and the comments from the president as soon as we get that. We will wait for the president and well be back to you as necessary our Investment Committee also here today kate moore is back, the head of thematic strategy for black rocks global allocation investment team. Just back from china herselfgreat to have on the program today. Jim, youve talked about trade so often most immediately theres no new tariffs on sunday. What does it mean . Most immediately theres no new tariffs on sunday. This that gone into effect here, i think we would have had a calamitous end of the year we dont know ultimately whats going to be purchased by china and therein lies the rub is we dont really know. Theres certainly an amount of healthy skepticism here. I think overall you have to take todays news as a positive because i think it allows corporations to feel a little bit better about raising their capex expenditure plans for yeks year and we cant just keep relying on the consumer. The consumerhas hung in for a long time. We need capex to peacekeeper up for the earnings per share growth and the s p 500 numbers to pick up for next year i think there is a little bit of profit taking but i think its good news, too. It does remove some uncertainties. The u. K. Election is a very big deal the budge looks lit looks lookig to get passed. We need the consumer so that is very good. A lot of this is priced in at 18 times. In 2020 we need to see better growth i think you are seeing Global Growth stabilize thats whats going to drive earnings do we die just this today and over the weekend and then start gobbling up stocks as next week begins for a run into the end of the year i think thats reasonable and i think stephanie points out what is not friespriced in. Very difficult when youre getting what is in the agreement between the china and u. S. In my portfolio best buy thats the obvious one i added to best buy 60 of the goods that are manufactured for best buy come from the chinese with the tariffs not going into effect into the 15th, it gives me further to buyin everyone is talking about late in the year do you increase exposure to the emerging markets and to europe . I think the answer to both of those are yes. And when you take the news in totality today and understand that maybe chinese demand is going to be a little bit stronger, maybe things in the uncht k. Are going to be a little bit stronger. Maybe you could look at the uncht kncht and by the etf, you could by. Do you buy financials do you buy energy . Do you feel positive now more so than you have over the last many weeks about where the market can go in the near term . So ive been positive for a while. Weve had certainly a risk on position in the portfolio or the good part of this year but i will say the big change in peoples attitude towards trade really came when it looked like trump the was not and the news today is as long as the u. S. And china continue to stay gaejed, i think the progrowth, more Technology Oriented protrade types of companies and industries, can perform well theres a decent amount that is priced in in terps of good news, but weve also had an aggregate, slightly better macro data you mentioned the fed. The liquidity environment is positive this is not just a case in the u. S. But around the rest of the world. So in aggregate were going into 2020 i at this, i want to stay risk on, those im not necessarily going to be buying hand over fist does this clear the runway a little bit i think the base case for most investors, this was going to be the resolution of this particular trade impasse whether that was naive or not, to discount the fact that we would see the conservatives. I do think if we think b it from a Global Growth per expectative, we can look forward to do a wook been we could see an improvement in both euro zone yields and here in the United States if we see moves out of treasuries, so i think all of those trends are setting up really nicely going into the First Quarter of next year given the fact that that look a little cheaper than here. The valuation opportunity here in the states are really the cyclical they are definitely are i think theres still up side there thats where your value is, certainly not in the staples or the utilities. You believe in industrials now. People are trying to place their bets on energy in the coming year if you believe the economic picture is going to be better, which i know you do. And now you clear at least a partial hurdle as it relates to trade. Still a lot of work ahead. Theres still a lot of work ahead, but the isms, the pmi and Business Confidence numbers were good i thought le guard yesterday did a pretty good job. Theyre talking about stabilization in europe. Xi is going to macao im encouraged on what i see on a macro basis. We have to see this growth come. Lets keep it simple. Apple hitting a new alltime high today and this was a week in which apple was yet again debated. There was a note about iphone orders as it relates to china and some of. Issues as it relates to trade. Katie at Morgan Stanley today says we caution extrapolating china snooi phone data points, a direct shot at that prior note remain overweight, 296 is this the stock that jumps out at you that says, all right, i dont have to worry about the big slide in apppple but what about buying it now . I think youve got clear momentum going into the end of the year the fundamentals are great the question thats out there is is this the right price, up whatever it, is 75 on the year. And the answer is it might be too high but youre not going to see a correction to that price until 2020 nobody is going to want to sell it at this time in the year. You dont want to tack gaike ga youre a taxable lets listen to the president. Its going to be one of the great deals of the year. It go fog ultimately lead to the opening of china thats a whole big untapped market of 1. 5 billion people i was doing the finals but i got to see enough it have and i spoke to my people its a witch hunt, it a sham, its a hoax. Nothing was done wrong zero was done wrong. I think its a horrible thing to use the tool of impeachment, which is supposed to be used in an emergency and it would seem many, many years apart to be using this for a perfect phone call where the president of that country said there was no pressure whatsoever, didnt even know what we were talking about. It was perfect, the relationship is perfect ive done much more for them than obama did for them. Its a scam, its something that shouldnt be allowed and its a very bad thing for our country and youre trivializing impeachment and i tell you what, someday there will be a democrat president and there will be a Republican House and i suspect theyre going to remember it because when you do when you use impeachment for absolutely nothing other than to try and get political gain now with that being said, my poll numbers, as you know, have gone through the roof fundraising for the Republican Party has gone through the roof. Were setting records. Nobodys ever seen anything like it because the people are disgusted. The people are absolutely disgusted. Nobodys ever seen anything like this and i watched yesterday, i got to see quite a bit of it yesterday and i watched these democrats on the committee make fools out of themselves. Absolute fools out of themselves and i also saw them quoting all the time incorrectly they kept saying me. It wasnt about me, it was about us the word was us. So they kept saying me it said us can you do us a favor, our country, comma, our country. Then it talked about seeing the attorney general of the United States for these people to say me they would say me. You said do me a favor no, it didnt say that, it said do us a favor, our country, talking about the past election, talking about corruption the other thing nobody remembers and nobody likes to talk about and i talk about it all the time is why isnt germany, france, why arent other European Countries paying because were tay paiing, the suckers. For years weve been the suckers but were not the suckers anymore. Big difference why isnt germany paying big money . They have a much about bigger fwen fit than we to. Why arent European Countries paying why isnt france paying a lot of money . Why is it always the United States were 7,000 piles away why is it the suckers always pay . So weve changed that but nobody brings that up i think that the whole impeachment thing, hoax i guess you could call it because it is a hoax and nancy pelosi knows it by the way, they duped her yesterday. She was on an interview and she said weve been working on this for two and a half years so she was working on it in other words two years before we ever spoke to ukraine. She said weve been working on impeachment for two and a half years. And the reporter was shocked when they got this answer because it showed shes a liar so its a very sad thing for our country. Pu it and those people because i watched the dishonest fake media. They say the polls have remained the same no, the polls have not remained the same the polls have gone through the roof for trump, especially in swing states i could show you numbers that nobodys ever seen numbers like this before. So the impeachment is a hoax, its a sham, it started a long time ago probably before i came down the escalator with the future first lady, started a long time ago. And when you look at the i. G. Report and you look at these horrible fbi people talking about you got to get him out, insurance policies you know the insurance policy is just in case she loses, meaning cooked hillary, who is crooked as a 3 bill just in case crooked hillary loses, we got an insurance policy but weve been going through the insurance policy now for three years and its a disgrace. Thank you very much, everybody thank you. How much time will they i think theyll hit 50 billion in agriculture much more than 50 because its also manufacturing i think in agriculture theyll hit 50 billion. Reporter this year pretty soon they already stepped it up i said do me a favor start buying agriculture if you stalook, theyre already buying, even before the deal is signed were with the people of venezuela 100 its so important for us and were going to be discusses venezuela today. Reporter do you prefer a short process in the senate or more extensive process i heard lindsey graham. I can do ill do whatever i want we did nothing wrong so ill do long or short. Ive heard mitch, ive heard lindsey. I think they are very on agreement on some concept. Ill do whatever they want to do, it doesnt matter. I wouldnt mind a long process id like to see the whistleblower who is a fraud. The whistleblower wrote a false report i blew it up when i released the transcript of the call then schiff gets up and he i blew him up, too, because he went up in front of congress and he made a statement about what i said that was totally false. And then a long time after he made it when he got caught, he said, oh, that was, ah, parody, parody now schiff is a crooked, corrupt politician and a disgrace. And because of the fact thats in congress, hes got immunity so you cant do anything but he went up there, you know that, he made a totally false statement. The whistleblower wrote a totally false statement. So its a fraud. Then i say where is the informer, the one that informed the whistleblower he had an informer he disappeared you know why hes disappeared . Because i released the transcript had i not released the transcript, we would have had an informer and another whistleblower the president just moments ago talking at the white house talking about the impeachment process but as it relates to all of you and the market, commenting on the china deal, calling it one of the great deals ever, that it will ultimate hi lead to the opening of chance. And then commenting there about what he says will be much more than in his word 50 billion in ag purchases and that it will happen pretty soon our eamon, we said we would need you later and we need you now. He said he thinks the chinese will get there the reporter pressed him, is that going to happen this year, 50 billion, would be an enormous amount just in one year the president said, we, pretty soon he doesnt commit there to any particular time frame. Thats an important did have and you also heard that frustrationon a day in which the house of representatives is moving forward articles of preeflt against him. Thats a process that the president now feels and the politics of these two issues are clearly linked here. The president and his people here at the white house arguing this china trade deal and the Strong Economy generally is a reason why americans are going to support the president going forward. It part of the reason why they believe the president will be acquitted in the senate. They believe that they have the report of republican senators in the senate so in any senate trial that comes after this process, they believe the president will remain in office, no the be removed early next year so part of the mood music for that is this good economy and the president demonstrating he feels that hes making progress with china, getting to what he promised he would do on the campaign trail, which resetting this entire relationship but some of those numbers we dont have specifics yet and well wait to see what the white house puts out on paper later in the day. And wait for confirmation from the chinese on what they are willing to purchase when it comes to real numbers. Lets get back to the matter at hand. We talked more broadly about what Something Like this means to the overall market. Lets go deeper. Lets go specific. Cramer today, stocks worth buying on a u. S. china trade deal say we have a deal of whatever magnitude we have, wheef got one. Financials, i asked all of you if you thought financials will going to go up jpmorgan, citi, mastercard, visa all liked on this desk yes jpmorgan to me is indicative of the market its almost a proxy for what the market is going to do. I think positioning is incredibly important to cite this time of the the year. What was the position in the market, the mentality in the market youve mentioned apple before. Think about the performance year to day for apple it is exactly what the s p is when you look at earnings. Was there anything in the earnings of apple that was so spectacular a that should have been the catalyst for the performance . Both revenue and eps for it, it comes down to positioning. For financials the positioning didnt Gain Momentum until recently i think thats incredibly powerful and important if youre able to get follow through and continued steepening of the curve. I would add schwab to this. I like the deal. Its not just a macro call it also them getting this deal together and really seeing the synergies and at the valuation its at. Its a the a twoyear discount to its twoyear average. You think theres plenty of financials you can pick and choose from. Of this list mastercard is a what ive been been tripping those guys are a little bit heard of themselves. It was up about 1 before the news came. That price action is what im telling you is what im saying its a little bit ahead of itself this is a stock thats had disappointing earning, several quarters in a row. But if you get u. S. With the rest of the world trade tensions, you could expect to see infrastructure and basic earth moving equipment pick up the industrying you already mentioned financials but energy. Energy has been left for dead. One of those things, not only fundamentals but the buybacks going on and it immediately ecreative on balance shoots. So the fundamentals the dollar tree, walmart, target. Not to distract for the potential for these names to go up, but i think these are names a lot of us have already owned i think of this as the secondary layer. Big box retail that could potentially if were looking at this as actualing global grb like win at las vegas sands. Those stocks are underowned and pretty were talking about a bunch of tames that are trading pe eper end. They are el i mean, these are Higher Quality companies when we think about the more cyclical plays as we go into 2020, we want to sewn some more cyclicals but we want to own sfrort. And our expectation is woo but that the winners are going to continue to be binners. 3 youre not going to get these mahler business moe els or have from i just want to come back to the dollar there and if thats going to have a hend wind or emorjing markets are new york and i dont think you need to see aity sfroks in particularly, emerging inch in and from some cases a turning inward smokt no but that will he the in theyve already to then hit big time from frournt and you look at this list and you say to yourself where do we go from here you look at technology and think about the performance year to date not just from the fangs but software, cyber secure if senat security, it will guide you. If Software Comes out in 2020 and begins to underperform, theres your concern if financials begin to underperform, those two sectors are incredibly important for 2020 well take a break. Heres whats coming up on Health Care StocksCredit Suisse says it time to get out. Plus, the Investment Committee is ready to answer your questions. To reach us, go to cn b bc stwrs do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Health care sector gilead was downgraded to 63 its our call of the day and shannon owns it. I do. In reading this report, theres nothing new here you know, if you look at the challenges that this company has faced, its an hiv franchise that has been, you know, whats essentially driven all of their growth over the last several years from a revenue and eps perspective, its the new ceo and transformative acquisition do you think that this value discount can be, you know, can be unlocked . When i look at the hiv franchise, i think this report from Credit Suisse, i think theyre undervaluing do you think they have plan, the new Management Team . I havent heard that yet you know, i think thats the challenge. Theres not a lot of time. I think they probably have one more quarter to target exactly what they want to do from a pipeline perspective and be able to tuck that in with what they already have i think this is why analysts are getting impatient. And i think theres other places can you go here can you go to the xbi, within the xpi, theres a midcap, seattle genetics, tess i think theres other places can you go while you wait to see if gilead actually has a turn and. Regeneron has been disappointed i dont disagree. For me if i look at sort of the Political Landscape in 2020, im not selling biotech and pharma going into weakness in 2020. I think the stock has room to move higher and the current Management Team will be able to unlock that. They do have 30 billion so this could be a transformative being actually sold that and bought ad v. That stock is extremely cheap. I dont think you can ignore that the sector, including pharmaceuticals is laboring under the potential price controls the white house is if you look at some of these thats are trading at 9 to 12 times earnings its showing over many years they have lost that halo ofity serving a my now frankly, that may be the opportunity but you have to take a strans on whats going to happen with price controls if you get a progressive president in 2020, this is not going to be the space you want to be in if you get somebody thats more light regulatory, somebody who is pro business, these are going to be home runs at these valuatio valuations what do you think of health care in the year ahead i would kind of agree i think it going to be a very news flow driven sector through the election we could have strong, fundamental companies do that are doing the ib ring thit i to to go double your waiting in the sector at this point. Let get the head lines now from sue herrera hi, scott efr low, everybody how jkt. Today is a doll interest for the third time in a little over a century and a half, the House Judiciary Committee from has voted art ls of impeachment against the president. The european leader is gathering to discuss britains position on the block. Britain is set to depart the eu on january 31st. And lyft is launching a car rent al from the no word yet on when or if it is going to be rolled out nationally theyre going to see how it goes you are up to date thats the nut update. Scottie, back to you thief you are we have four on the move well do that when the half tile report comes right back. To know that innovation is not just about that one aha moment. Science is a process. It takes time, dedication. Its a journey. Were constantly asking ourselves, how can we do things better and better . what we make has to work. We strive to protect you. At 3m, were in pursuit of solutions that make peoples lives better. Is that pgim, we see alpha emerging in the trendsete . At 3m, were in pursuit of Solutions Driving specific sectors of outperformance. Where a rising middle class powers a booming auto industry. A leap into the digital era draws youthful populations to mobile banking and ecommerce. Trade and travel surge between emerging markets. Every day, our 1,100 investment professionals around the world search out opportunities for alpha. Partner with pgim, the Global Investment management businesses of prudential. Dont get mad. Get e trade, dawg. brakes screeching okay. So, today youre going to leave your phone with a guy named flip. ding but its more than your phone, its your business, your customer data, your sales figures. And who can forget, those happy hour selfies . Not flip. honking, gasping this isnt working. Introducing samsung Business Security solutions, with knox software. With the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isnt. Samsung business solutions. All right. We got some names in the spotlight today off of earnings, adobe, costco, oracle. Lets kb through some of these lets go adobe lets go costco first. We put it up there well follow what we got going on stephanie and shannon, you both observe costco it was great. Merchandise margins up, membership fee ebb come was up 6 thats actually a really good up in and it trades thats why its down today . Yeah. It always acts like crap around its quarter. I dont think i would actually buy it because its not down enough are you taking this personally or something . No, it does, every single time it reports. Expectations are really high i view it as a same to thats sm of the con summer you can continue to see the International Aspect of the business grow, which may be able to support the multiple but thats not a big enough part from a. 3year high. Digital media, at thatting from i know the valuation is a little bit rich thats fine in is a continue thats going to continue to curate be sfwr i like that. They made a nice acquisition in the art spi sfrr weve been hearing there is going to be competition here and clearly there isnt. As a user of adobe, theres nothing else that can do the things it wants to do. What do you ladies want to do with broad are i think expectations were bend a people arent comfortable with the mandan feet if you get a good yield as well. They raised the dividend yield yesterday. It one of the cheaper Semiconductor Companies that hasnt really worked like the other names that i own im playing it as a lagard nobody. Its not like sflsht and it santd theres one reason why you just dont have the cash flows. Every time i look at it, i at this pr are somebodys buy there the s p is ul number and you say this has been dead money for five years and you said no value play. I dont know anybody who is buying it either this isnt something look. How about tech tech in general, it kind of hard not to love tech. Were spending more and more time and more of our resources frankly look at all the tid f m from. Some of these companies are private and really get a sense for where eeconomy competition is competition for mind share and also for wallet share, no the just in china but across the rest of asia and the rest of the world. Thats where we need to inrest is taking and i would dig down andin from all right, coming up, were ready to answer your questions on ram zahn, row tur and more well do it in two minutes was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. vo the flock blindlyking flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. If is time to answer your yes, joe youre up from nick in california docusign will it. Yes, it is a buy. With a 13 billion market cap, 38 Revenue Growth and the Electronic Signature Software gaining momentum, governments, auto insurance, this is a name to own for the long term sam wants to know about amazon in 2020 theres a lot of Capital Investment going on in 2019. Next year well have accelerating Revenue Growth. Its we are excited about amazon in 2020 is that one of the biggest surprises of the year, you think, that in a great year for the market that amazon is a lagard and decidedly so every time that you know they dont care about costs, dont care about losing money. They want to be a next leader. That monetizes and its a home run again. And coming out of that it it is do. I you a it out of the corner of my eye. Stephanie it down 30 from its high you have a new ceo, you have margin up side it really a turn around story thats going to take time so you have to have your patient embassy but i do like this new is the roku run over im still with it as of today. That could change monday but this is all about the chart. It hasnt set a new low it keeps setting high if that 132 level, thats where you think im going to be ou if emerging market, rally . Buy them in we might get some misstateme misstatement, particularly coming out of china in the early part of next year. Earning revisions are meaningful if i think theres a lot of opportunity to own the better, longerterm growth stories in china and theest now envelopes and the stocks you should be bullish on right now and the names that are looking weve tried them all two minutes. Turn on my tv and boom, its got all my favorite shows right there. I wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Sflfrmt welc welcome back now i cant use it as my final trade . I dont know. Why did you save it for so long . Ive owned it since i was wn shares of apple. I thought you were talking about my final trade another tease coming there oh, no yeah you know, im still overweight data trades at 22 times earnings its not the risk reward just isnt terrific at this point i think a lot of people have been chasing it. I get the whole product cycle story. I get services its all good. Its just ive made good money in this name i think its prudent to trim it back. Why not wait to see it turn i mean, this stock goes up day after day. Why not wait for a little bit of a downturn im still very overweight in the stock. Take the victory lap. Three months ago, this was my largest position in my portfolio. Still in my top ten. This is not one top of mind to ring the register on generally unless you believe there could be some negative news in the near future. I think expectations are quite high i just do. And i think the valuation is no longer kind of a no brainer. Again, its still a topten position but its prudent when you make money to actually take some off. I think shes got a point i do the only thing im going to say is i think nobody really wants to te to sell it here. And the fear of missing out. Anybody piling into the markets, money gets directed to this name im not talking you out of it. Steph, theres nothing wrong with taking a gain. Its already done. You know, i dont like it when we criticize each other for you sold something thats up, you know, 200 but the point im saying i was buying 170 when it fell two, three quarters ago. Heres the point im making is i will follow you but im highly likely to do that in january after december 31st. Im not that good i just know ive made a lot of money. And i think its important to take some money off the table. You know, this time last year, you could have bought it at 145, 150. I bought it at 170. Thats not so bad. Are you done . Are you done please, maestro, conduct. Thank you your trumpets been blaring a little too loudly. All right. Lets do earnings next week. Nikes going to be on top of a lot of peoples minds. Who wants nike link, you sold it. I did. Link sold it. Jim, youre watching it. What does that mean . You know what it means is, look, i am a value investor. Look. What do you do with this stock its in the high 20s of a multiple you know what i found . If you buy it around 20 times for multiple, you make a lot of money. If you buy it around 25, 26, its hard to make money. Thats just what ive found. I sold it and i bought of vf corp that valuation is not cheap either at 24 times but its a little bit more my speed i can actually handle that kind of valuation i mean, nike is a fabulous company. It really is. What about winnebago . What a great year for winnebago. Look it still trades rather cheaply and i think the reason that you like this is not just because theyre selling rvs because theyve gotten into other business if you get a recession, obviously you dont want to own this very cheap a lot of momentum. Stocks up 103 year to date. Thats cool . Stay with that dont take any profits you can take a little profits here but i got to tell you im not, scott. You told steph not to take any profits with apple why do you take em here now, i want to know. Because honestly, all right two things three things one, its cheap. Two, it keeps going higher number three, managements doing a fabulous job they really have between m and a and operating the company, theyve done a fabulous job. Fedex been the underperformer. They cant talk about tariffs now, right they got to execute. They have to execute. The tnt integration has been critical they have to explain the loss of the amazon business. This one has the most potential, though, i think, for the upside. What about micron quickly before we go microns on wednesday. Crickets natresre nt. Fil ad aex california phones offers free specialized phones. Like cordless phones, phone ringing big button, and volumeenhanced phones. Get details on this state program. Call or visit and accessoriesphones for your mobile phone. Like this device to increase volume on your cell phone. phone ringing get details on this state program call or visit all right. Time for final thoughts and final trades you want to go final thought first . You sold Interpublic Group. Right. And you added to our Parent Company comcast. Thats correct. So Interpublic Group has been a great name actually. Its rallied about 10 in the last two months. We think theres great execution at this company. Just a little bit more worried about the potential decline in advertising. I think even if you have the nicest house on a bad block, were going to take our gains and kind of move out of the position we love comcast. Weve owned it for a while we wanted to add to our position in comcast because we feel like there is a great opportunity to monetize the content its actually trading at a discount to both pure cable plays and to, you know, firms like disney. Im not saying comcast is the next disney but i think theres an opportunity here in the stock. Lets do final trades kate moore leave us with a thought. Nice to see you again. Nice to see you as well ive been talking a lot about china today. But i want to put a flag out there for india. India, been a massive under performer. The macro has been very weak but is starting to turn. I would say some of the progress on the fiscal side is looking very, very supportive. Theres some Great Companies there. Captive domestic user base and i would say take broad exposure to the market to the individual investor. Happy new year. I will see you in 20 jim. Viacom cbs. This has not this has not been a good crop this year for viacom cbs okay not going to beat around the bush but the deal is over. Now, comes synergy recognition then they should sell the company. You saw two initiations of Research Today expect support from the street going forward. Yep, with comcast so i dont need to speak any more on that. Steph i think the turnaround of ge has a lot more to go. Joe tip inflation etf. Well talk a little administer about that next week. Great weekend, everybody. The exchange starts now. Thank you, scott. And welcome to the exchange. Im andrew and here is what is ahead. A phase one trade deal has been approved from both sides of the globe. Whats in it, whats next, and which investors actually believe about all of it. Plus major m and a to major layoffs, media sector have lots of twists and turns in 2019. And taylor swift, shes got some serious bad blood going on with private equity and we are going to begin, though, right now with todays record setting day in th