Tiles. The total number of the record for all time, 77, 1995 i thought you were going to say the total number of trading days we still dont have that no. But i was trying to think about it i think theres 53 days left which probably work out to 44 trading days for the rest of this year. I did the rough numbers yesterday 25 . Look, there were 220 i mean, there were 222 or something weekdays i dont know how many of those days were closed or trading sessions thats good enough. So its Something Like 25 25 of the time youve still got another potential up to 40 trading sessions left. Let the good times roll thats the bottom line yes bottom wlien is, we have seen a lot of record closer its not just here in the United States joef night in asia, green arrows across the board with the nikkei up by almost 1. 75 another 389 points added to the nikkei once again to a nearly 6year high jump just visits the area and this is the kind of stuff that happens. The hang seng up by 1. 4 . The shanghai up by. 8 europe this morning in the early trading, things are kind of muted, a little bit mixed. Dax is up by. 1 cac and the ftse 100 are slightly weaker. If you take a look at crude oil prices, still very confusing, but one thing the oil market knows, it is turmoil and as a result crude Oil Yesterday was up by 3 it settled at 57. 35. That was its highest settlement since july of 2015 this morning, its still hanging in at that level 57. 35. The big buzz right now in the media world after david faber reported that disney held talks to buy much of 21st century fox, those talks took place over the last two weeks. The two are not currently Holding Discussions right now. The deal would have created a powerhouse in media giving disney another movie stooup studio, Significant International exposure including foxs partownership in sky. Fox would primarily focus on news and sports. Those stocks first soar yesterday. Shares of fox are now down slightly shares of disney are about flat in early trading the two questions out there right now is, a, do these talks somehow get reignited at some some point or if they dont, does this signal a shift in the way the murdochs are thinking about fox and if theyre prepared to sell to disney, would they be prepared to sell to somebody else President Trump is tweeting hes apparently busy actually, he started with a couple that was three hours ago about meeting with the troops then he said the stock market hit yet another alltime this was about 26 minutes ago the stock market hit yet another alltime record high yesterday there is great confidence in the moves that my admin vacation is making, working very hard on cuts for the middle Class Companies and for the middle Class Companies and jobs and then hes actually tweeting about this big race the in virginia, which its election day. For new jersey and virginia, the two gubernatorial seats are open its not close here no. Its not close. And the George Washington bridge has played front and center in so many of those ads and this is bizarre in virginia Ralph Northum he says will allow thats the democrat so the president says he would allow crime to be rampant in virginia, hes weak on crime, antisecond amendment and has been horrible on the virginia economy vote ed ka lepspy today and thats where they had that for the first time i saw that political ad that theyre now blaming on bots or something where theres a car with a ga lepspy bumper sticking chasing down minority children seriously yes i dont know who came up with that, but it didnt go over well but thats what its up to at this point an ugly season. But now theyre blaming it i didnt look at the actual story, but theyre saying it had something to do with bots. Robots created the ad i dont know how they came up with that. Were talking now about President Trumps trip to asia, urging the International Community to do more to tackle the north korean issue Kayla Tausche joins us now she is in seoul and has been taking it all in kayla. Good morning, becky north korea is one of the things that the president is not tweeting about today hes been perhaps uncharacteristically dispassionate about the issue. Hes rarely addressed it on this trip unless hes been asked directly but just a couple of hours ago in front of a press audience at the blue house here in seoul, he said he hopes to god not to have to use the military option with north korea and the diplomatic channels are not only open, they may be working i believe it makes sense for north korea to do the right thing. Not only for north korea, but for humanity all on over the world. So there is a lot of reason, a lot ooh good reason behind it. With that, yes, i think were making a lot of progress i think were showing great strength i think they understand we have unparallel strength. Those comments coming after the third bilateral meeting between President Trump and his south korean counterpart, president hoon since president Moon Took Office in may there was a lot of pomp and state craft today, a very grand welcoming ceremony at the blue house, which is south koreas equivalent of the white house. But President Trump in these meetings and in these asides often leading on economic talking points, talking about how the u. S. Would be making military Equipment Sales to south korea in order to reduce the deficit. In a visit with president moon to camp humphries where they shared the bill for those military resources, President Trump was telling the soldiers how good the economy would be when they got back and just how many jobs they would have to choose from when they returned. Tonight in seoul, there is a gala dinner planned. There would be executives from Many Companies that are expected to attend and south korean officials, guys, are reportedly trying to find a way to commemorate the eve of the anniversary of the election. You see the president tweeting about the virginia governors election clearly, elections are something that is on his mind and apparently on the south koreans mind, as well. No fish feeding today kayla . No fish feeding and we should note that there was a lot of misreporting about the fish feeding youre mentioning, i believe, joe, when Prime Minister abe and the is president were in front of the koi pond. They were using a spoon to dish some food out to the pond and then there was an image that went viral of the president dumping his bowl and the pool reporters wanted to clear up that Prime Minister abe did that first. The president was mimicking what he did but no fish feeding. But there was a friendship walk wait, wait, the pool reporters didnt want to clean it up . I think theyre the ones that started the whole thing by not running the previous video the pool reporters dont decide what the networks run i dont know how i dont know how it it started with tweeting its what people share on twitter, the full video ended up out there. Yeah, it did. Pretty amazing, though but, you know, sort of par for the course anyway, thank you, Kayla Tausche. And on wall streets agenda today, there is just one report on the economic front. Consumer credit will be out at noon eastern time. Speaking out, Randy Quarles is making his first public speech today since being confirmed as the vice chair of the bank of super earnings were going to get Royal Caribbean and tapestry, the retailer formerly known as coach, and well look at that one. And then marriott and snap coming out after the the close a lot of people will be focused on the snap numbers. Speaking of snap, evan spiegel breaking a twoyear twitter hiatus to shoot down a rumor that snapchat was closing down next week. He called that report fake news. And stocks continue to power higher he. Lets talk markets now with paul hicky of the Investment Group and andres garcia. We have another couple of gentlemen on in the seven. Theres a lot of similar comments i will tell you, its hard to and basically, guys, paul, you can start. Its all about earnings and pullbacks are impossible to predict. So stay long there may be a pullback, but earnings are driving this higher and you expect that to continue. Well, you come into earnings season speccing 3 growth. We got 6 growth weve got double that. And companies are raising guidance at the highest rate since 2010 if youre seeing that correlation to the stock market price is the highest thing correlated is earnings we can talk about fed driving the rally, buybacks or anything bub longterm, earnings drive markets and earnings have been strong so its hard to get overly concerned. But, again, the last time i was on, joe, we were talking about how we had a little bit more apprehensive, raising a little bit of cash. Not being bearish, but when were looking at the internals of the market, certain things, you know, we want to see confirmation of the rally. When was the last time you were on . That was in september that has not happened oh, no. The why did you bring that up that you said that i wouldnt have brought that up. Full disclosure i dont want to be guy has a little negative no, the point, we werent negative at the time, but just looking at it was just when markets go higher, you dont want to become more aggressive you want to just, you know in this case, it would have made sense in this case, it would have made sense but when were looking at the internals of the market, two out of three things we follow closely. Two out of three are confirming, so thats a you know, two out of three aint bad, as they say. Joe, one thing to keep in mind, though, is that if you look abroad, we were just hearing from asia, emerging markets up 33 so something that ive discussed in the past is not necessarily to be out of stocks is to look abroad for more exposure considering the s p outperform emerging markets for the better part of six, seven years, it is now emerging markets turn even though this year weve seen outperforming, that tends to go on for quite a long time, fought just for a couple of months. What do you attribute the asia moves to right now . Well, if you look at earnings, its not just driven by whats happening here, right . There is a synchronized Global Expansion occurring and earnings have not benefited as much in emerging markets as they have in the u. S. So now it is their turn, ins eps. The tenyear looked like it was headed finally up above 250 and it didnt get there. Its back. I think theres a couple of Different Things going on. One, the main one in my opinion is the german bund has fallen after the ecb basically decided not to b. Still not us. Our tenyear is not trading on the United States. I would agree its hard to pin it down to one thing. But i would say the fact that where if you look at where germany is, where japan is, that is sitting on our yield and is affecting where the tenyear should be. So, paul, at this point, youre doubling down on the september cost no, no. Were were just saying, you know, you shouldnt be you know, margin to i dont know what are you saying stay long or is the party ending no. We think that we have a continued strength in the market here we think were going to see a strong market into yearend. Strength be gets strength. So stay fully invested . No, no. We would raise a little did it. Raise cash . In our portfolio, we have 20 cash this isnt go party whats holy invested for you . 100 . So youve raised 20 in september and stayed there yes but dont add yeah. So at this point, theres nothing the internals of the market havent deteriorated it any more if anything, theyve gotten a little better. But you cant just throw caution to the wind. When you see these kind of markets and, you know, overall, were looking for a positive environment. But the higher prices go, you shouldnt become more more bullish because values are so this tax bill, if that looks like its going to pass, then is that a time to sell or is that if it looks like the tax bill is going to pass that is a good thing. Right now were still not pricing a lot of it, of the tax bill into the market i think most people generally assume that the tax bill is not going to get passed this year. I think if you look at the performance of stocks, the high tax stocks havent caught up to the low tax stocks yeah. Sell on the news or keep buying if you have to sell, sell here is buy abroad thats the way i would put it when it comes to stocks. In anything, im more nervous about junk bonds, im more nervous about the bond market. Expect azs not just here but globally are starting to pick up there are people recommending high yield its a great time for companies. Theyre not even the Risky Companies are doing well unlike earn eggs on the equity side, if you look at where yields are, that tells you a lot about what type of returns youre going to get. Yes, they can compress the spread but its pretty tight. If you look at the european junk bonds, their yield is lower than the tenyear here. Are you kidding me. Yeah. So that it doesnt seem normal to me could it continue . Sure why would you do that instead of buying if tenyear here if you look at german bunds, theyre at sure, but again, why would you buy european junk bonds instead of buying the ten year here so our tenyear yield is never going up if thats the case. Again, it seems abnormal to me and for that reason im nervous more about junk bonds than i am sure. Thung see you guys again coming up, disney reportedly held those talks to buy much at 21st sen terry fox the deal has been called off at least for thou, but a game changer and netflix killer if it were to go ahead that story and the reaction, next not rebalancing your portfolio. Focused on what you love, not how your money will last through retirement. We make it easier to plan for retirement with day one target date funds from prudential. Look forward to your 401k plan. Welcome back, everybody. Some stocks to watch today, sales force is entering a partnership with googles Cloud Platform gsuite to expand its base here is what saleser forces ceo mark beennyoff told jim cramer last night you look to google, you see this incredible world of information, you see the advertising, but you also get Google Analytics fwoogel analytics means both of our customers are going to have Customer Insights that theyve never had before that is really exciting. You saw that the stock was up by almost 2. 5 . Sales force issuing some upbyte beat guidance for 2019 toyota listing its annual profit forecast the company is feeling the pressure of competition. Shares of the diop line travel Services Firm are up about 30 so far this year, although theyre giving back about 11 this morning lets get back to the big media buzz story of the morning. 21st century fox has been tolding talks with disney. Good morning hi, good morning. So theres two pieces one is lets call a spade a spade. At the moment, we dont think the talks are happening, correct . Correct. But there is wiggle room how much room do you think there is for these talk toes be reignited now that this has become a very public thing, a lot of people are taking them very seriously. People inside the room are taking it seriouslier or all of us are taking it seriously i would say both. All the chess pieces start to look different on the board once you realize that is happening. So your expectation is that a transition does happen this would certainly make all the m a scenarios were looking at more interesting. Im not going to say this tim particular deal is going to happen the to me, i dont think this deal is going to have because disney does not like doing deals in the public. They hate it, they hate it, they hate it and the is second anything is public they usually stop although their stocks are up on this i know, but im not so convinced theyre going to be thrilled about this. My question is, therefore, does fox sell these other pieces to somebody else . I think a lot ofpeople got really excited about that prospect when the news came and the number one thing that we have learned from these talks is the murdoch media empire is not quite as locked down as everyone thought. We thought rub either murdoch wanted control of these companies and was going to pass it on to his kids. Clearly rupert was contemplating at least being prepared to do this. What is that about for a guy who has spent his whole career controlling an empire . I think its about size i think a couple of years ago when fox tried to buy time warner, that told us they dont think theyre big enough and now that everyone else has gotten even bigger, the at t deal is maybe about the to be approved, theyre not big enough what happens with disthee if they dont do this deal . Clearly, disney is looking for sh ways to change things up again, too i know they could pick up viacom, which is not normal for them to think about doing, but it gets you into another strange place. But i think theres a better chance that viacom and cbs get tony together, even though they didnt want to before. Where is sky tv isnt that doesnt that make it less are they going to be able to will they get a thumbs up on that transaction or not . What were hearing is that that transaction is full steam ahead. With the talks cooled, its receiving scrutiny. When that happens, they said what about sky are they selling assets or buying assets . Right as far as we know, that deal is proceeding no question analysts are saying that, for sure if not disney, where would fox go you mean to tell at these particular assets . Yeah. The piece that disney was able to get, it was able to get for regulatory reasons it was leaving behind Fox Broadcast Network because it had to structurally, it didnt make the most sense, to me, anyway. There might be some other players out there. If not fax for disney, there Something Else for disney . The big speculation has always been if youre talking about a mega sort of goodbye transaction, you do a deal with apple. There is a lot of closeness between disney and apple as weve