Right this hour, where there is still here one hour left of it. Good to have you with us here for closing bell. Im Contessa Brewer in for sara eisen today. It has been a big year for stocks the dow, the s p, the nasdaq all on pace to close the year higher by more than 20 well tell you which names have seen the biggest gains and with tech up by nearly 50 this year, well have an exclusive interview with Tech Hedge Fund giant, dan niles. Hell give you a peek into his 2020 playbook. Also, we didnt answer bills question lets do it what is your drink . Whatever gets put in front of me great answer. Very good answer, indeed mine might be an Old Fashioned tonight. We shall see but we have to get back to the show lets take a look at whats driving the show 59 minutes left. Were down 40 points on the dow. A little bit of rebalancing as investors get ready for the new year President Trump tweeting today he will sign the phase i deal with china on january 15 and Consumer Confidence data out this mo
Keys to the alfa bank castle. Chime is now in charge. Tech shakeups of the year. Abigail doolittle is in new york to break down the top Market Action of 2019. It has been a massive record run that i continue to be astounded by. Abigail it has been a spectacular year for stocks in the u. S. , really around the world. Sectorwise, when a difference a year makes. Sectorwise, when we think about a year ago, all 11 sectors lower, led by the defensive sectors, utility and real estate. This year, a completely different story. Up 48 on the year, its best year since 2009. That of course was the year following the financial crisis. Investors buying stocks hand over fist. That is the degree of buying power we are seeing perhaps that weakness last year has a lot to do with the buying power we are seeing this year. This year, nine of the 11 sectors up more than 20 . Interesting, one consistency between last year and this year, energy was the worst sector last year. This year, up 7 . Stocks on fire t
The big market mover is gold, and this is a classic flight to safety. Its getting closer to 1600 an ounce. Thats a sevenyear high. 1577, up 25 bucks as of now. Price of oil, 63 a barrel. Can you imagine where the price would be if the general had been killed a few years ago, before america became Energy Independent . Got it. Here are the late news developments. The iranians threaten retaliation. Hundreds of thousands marched through tehran for the generals funeral. The iranians say they will no longer comply with Nuclear Enrichment limits contained in the nuke deal from which mr. Trump was already withdrawn. No backing down from President Trump. Oh, no. After the iraqis demanded the withdrawal of american troops, the president threatened to send them a bill for the bases we had built for them and he threatened to respond to any iranian attack by going after cultural sites. This has been hard line trump. In washington, Speaker Pelosi will organize a vote this week to restrict the presid
Is left unprotected on a google cloud server. We will speak to the hacker who discovered it. First, our top story. Elon musk unveiled teslas new cyber truck with stainless steel exterior and armored glass that is not supposed to shatter, but the demo didnt go as planned. Oh my god. Well. Maybe that was a little too hard. Taylor for more on the mishap and how shareholders reacted, i want to bring bloombergs ed ludlow who was at the event. Before we get into the pomp and circumstance, how was the cyber truck . It is the futuristic concept pickup truck that elon musk has been teasing for 12 months. It is exactly as he described. Think of the 1980s film called blade runner served in november 2019. It rolls out on stage, it is big, boxy and looks nothing like a conventional pickup truck. It is really impressive on paper. 060 in seconds, can tow 14,000 pounds, makes it competitive against traditional Combustion Engine pickups. On paper, it is this amazing thing. It is just that it is so diff
Elon musks tesla has stunned wall street with its Third Quarter results. Shares of the electric car maker gained over 20 in after hours trade after it revealed a profit of 143 million. Analysts had expected a loss for the Third Quarter. And margins were higher as well. The only fly in the ointment was a small drop in revenues. It looks like the electric revolution is finally here. Last year the number of electric vehicles on the worlds roads leapt to more than 5 million and thats up by 2 million on the year before. China is the biggest market in the world. Last year, more than 1 Million People there bought electric. Its no accident then, that tesla has invested 2 billion in a mammoth new factory there. Manufacturers like tesla have been working hard to deal with so called range anxiety where electric vehicle drivers worry about how far they can travel on a single charge, as for some it can be hard to find a convenient charging point. Chris jones is chief analyst for canalys and joins m