Can netflix latest bet be enough to turn around the stock weve certainly seen Stranger Things it is friday, september 27 Worldwide Exchange starts now. Good morning, good afternoon, good evening im Brian Sullivan our motto is always, you can have your cake and eat it too. Some of this years moat notable ipos and performance since debuts smile direct down 44 . Lyft, and uper down, slack, down peloton is down. Not a pretty picture something well be talking about. More on that coming up that is just a small slice ofov overall market futures gaining steam. They are up 70 points. We say we are within 2 . We are the dow is 1. 8 from alltime highs. Eight of the dow 30 have hit one year, multiyear or alltime highs this month eight of 30 hitting that high in the bad month of september we are seeing a mixed trade in asia shanghai up, japan fell. 7 . Rosier in european markets europe kind of plugging along. They are gaining. 4,. 5. Now to the place that is driving the news that is driving stocks, that is washington it follows an avalanche of developments over the call with the ukraine leader we have more from d. C. With the latest good morning good morning, brian with 225 represents, a clear majority now supporting some impeachment action the president is on attack going after democrats, journalists, even the whistleblower this is some of what he had to say when he arrived back in washington it is a disgrace. A terrible thing for our country. They cant do any works. They are frozen. They are going to lose the elections that why they are doing it it should never be allowed whats happened to this president. Signaling that this inquiry will be narrowly focused on that whistleblower report and they say it could be wrapped up in a few weeks. They feel they gained momentum with the release of the report and with the House Intelligence Committee hearing with the acting director of National Intelligence joseph mcguire. He had to explain why he delayed turning over that report and whether he agreed or disagreed that the whistleblower was credible i realize the importance of the matter before us this morning. I thought it would be prudent for me to ensure that it met that statute before i sent it forward with client with the whistleblower protection act republicans continue to support the president denying anything contained in the report rises to the level of needing an impeachment inquiry saying the whistleblower did not hear things directly but was relaying second or thirdhand information. Thank you for that. The trade fight still firmly in focus sources telling us trade talks will resume on october 11 in washington chinese vice premier will represent beijing. He recently gained the title special envoy that empowers him to negotiate directly on behalf of president xi. How will all of this impact the markets and your money as we close out the week what does history tell us about where stocks may go . Joining us now, our guest. You heard me jeff talking about that september is usually the worst month. We are on pace for being the best month this year whachlt do you make of that change of calendar momentum . It has been pretty depressed since may. We had a lot of selling in august the fact that september is holding up is not a horrible sign doesnt mean october will be great. That is not necessarily a great month, es sp lshl i in preelection years. That december through may period is historically the best. November through april. So it feels like weve got a little momentum heading into what is historically the best period for stocks. It has been, watch out for october. Youve got the deadline for mutual funds weve got that prophecy of october. Lots of crashes and news and noise. Mutual fund managers, most of them, their fiscal year ends october 31, so they have to make adjustments. And that impacts october. What do you see Going Forward . Im looking at 2850 on the s p. Fundamentally, gdp settling down bulls are up 55 bears are jumping into the bull camp some what frothy here again before the last pull back. It sets up for a nice little shake out and another rally in the year end you see another rally they put out their big 2020 call if you missed it, they saw dow at 30,000 and s p 3,300. It caught our eye yesterday thanks for watching what did you think of that hes somebody you dont necessarily go against when somebody who has been conservative for a while becomes bullish, maybe hes jumping into something too. Do you think hes wrong regardless of the news it is much more bullish. We have a gain when the sitting president is running 1868 johnson was impeached. I was reminded by 6 million viewers. Two things i said wrong. Nixon was not impeached. He was like, basically, youll be impeached tomorrow. Im out. It was a respectful move. The market bottomed a few months before clinton was impeached with more data points, the election and the power a bit stronger youll have some new history to write after this year trade wars, impeachment hearings a double whammy for ipo market shares of peloton sinking. Another big name pulls its name hours before it was set to go public bertha with us for more. No lack of drama. Endeavor pulls its ipo after peloton fell more than 11 and opening 8 lower the company that owns Miss Universe and ufc it will evaluate the timing. This is the second time endeavor has hit the breaks this year the second big casualty of the chill in the ipo market after wework pulled and their ceo stepped down we hear wework is halting new lease agreements there have been about 120 ipos this year, of those 57 or 48 are trading below the offer price peloton had the second worse debut of the socalled unicorns trailing smile direct club that dropped 27 on the first day of trading it has been a rough haul for the ipos after a really robust start to the year. You were there. The market maker he had two phones going the chief operations chief works with the banks to open the stock on time. It took a little extra time. I wasnt there for data dog which did very well. This was a rough one similar to what we saw with smile direct. We appreciate it thank you. When we come back, back to capitol hill for Facebook Sandberg as regulatory issues face the company the c everyone o of one of googles biggest users isnt worried but micron is. Good morning. It is 5 15 here. Arguably americas best big city sorry new york i say chicago. My wife is from there. I have to say that facebook prepares to go back to capitol hill for another grilling joining us now for more from london elizabeth. Reporter facebook ceo Sheryl Sandberg will leakly face questions like market dominance as well as the cryptocurrency known as libra lawmakers raising questions and ongoing privacy concerns facebook not commenting now. Mark zuckerberg was in washington last week meeting with lawmakers his Company Facing scrutiny on a lot of fronts. Ftc is investigating facebook over antitrust reviews it is looking like facebook is spending a lot of time in washington now while we have you, you caught up with the ceos of one of the largest business entities. What did the head of cloud say about what he sees i had a chance to speak with the ceo at google cloud. He was previously with oracle. Saying the company is seeing Enormous Growth around the world. As the demand continues to accelerate, people are curious about what google can do for their enterprise everybody recognizes we have some of the best Cloud Technology our growth has not been affected by the trade war but largely driven by do we have enough people can we deliver the solutions. Do we have enough people to take our solutions to market. Google revealed that Cloud Business is generating much over the year the Company Announced a 3. 3 million information investment coming from the Financial Services and Banking Sector here. Back to you. Always a pleasure thank you. On deck, lady luck smiling on shares and investors in Las Vegas Sands today. Well tell you why later, this aint no rand macknaly every passenger may want for their next flight with more than 85 years of experience over multiple market cycles. With Portfolio Managers who are encouraged to do whats right over whats popular. Focused on helping me achieve my investors unique goals. 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Micron voted better than expected results estimates siting trade and economic uncertainty. They say sales could worsen if restrictions continue. Down 6 in the market. What does micron ceo have to say . Well find out in the 9 00 a. M. Hour Delta Airlines is betting big in the south hemisphere latam will give delta a biggest presence Las Vegas Sands will be added to the s p 500 and replace necter moving to midcap index coming up, uber implementing new safety procedures for riders is it going far enough stock down nearly 30 since going public it is not alone. The question is why have so many highprofiled companies underwell ammed the market more coming up ive been a caregiver for 20 years. No two patients are the same. Predicting the next step for them can be challenging. Today were using the ibm cloud to run new analytics tools that help us better predict and plan a patients recovery. Ultimately, its helping thousands of patients return home. Here, hello starts with hi mple. 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The bond market not muching as much more at 1. 67 japan and china going in Different Directions europe following us grinding it out higher on the year we are seeing the uk despite this brexit coming the ftse 100 in the uk up again. To d. C. No sign of slowing up news this morning that trade talks are set to resume between United States and china on october 10 the key question is this, which of those headlines should you be watching or wall street watching and which could have a more direct impact on your money . Lets go to our guest. Gentlemen, there is no shortage of things to choose from jimmy, if i had to lay this out, things that move the market for 400 because i know you were on jeopardy once. You brought it all together what would you say is the most single one important thing going on from a markets and d. C. Perspective . It is very hard not to say trade and also very hard not to say impeachment. Holding the impeachment vote, it dies in the senate and then we are like what was this all about. The spread between four more years of donald trump and four years of Elizabeth Warren is pretty wide. If this makes it more likely better for wealth tax break up all the Big Tech Companies i love how you through warren in there is the stock market undervaluing the possibility of republicans turning. Everyone assumes if the house does it. We heard from mitt romney it is possible 20 senators flip. What then . We are in a whole new world then im with the consensus i think the base case is that the house impeaches, the senate acquits. Playing into the election next year democrats are doing, nancy pelosi decided that with enough of the socalled majority makers, the freshman democrats coming from districts that trum won, it is time to move forward with this. Building the case of corruption and help them going into next year what they are really looking to do is not win 20 but if they can win three or four which is likely to peel off the republicans in the senate, they can at least get the moral victory for the Senate Voting for impeachment. We dont know what these individuals will do. We know trump has not made a lot of friends isnt it possible some of these senators get together in the hallway and are like, i dont like him do you like him . Our job is to plan for the improbable i dont know if it would be a black swan if that happens you already had seven republicans refusing to say, listen the president is fine, this is a witch hunt or hoax we are already up to seven i dont see how you could possibly say knowing what we heard from the whistleblower white house officials that he spoke with, we dont know what other conversations are in the vault. A lot more can come out. Highly unlikely but it is not zero does this make the odds of a trade deal more likely he wants the economy and maybe stock market to look as good as possible and starting fairly soon i think this is what the market is getting significantly wrong. Trump wants to get elected and it is better for the economy if anything, if it affects trade, we believe it makes the trade deal even less likely because it gives xi in china the view he can put more pressure on trump. Trump doesnt see the trade war as failing he thinks xi is under more pressure than he is. Guys, i have a feeling well see you very soon. Thank you have a great weekend coming up, netflix shares have been crushed. They have wiped out all of this years gains can their latest show turn things around. Well tell you what it is, how much it cost and the odds that netflixs makes that you turn. Coming up. Todays big number. 180. 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