Chaos. Power lunch starts right now the dow is hanging onto gains. The s p 500 is in the green. If it finishes lower on track to snap a 7week winning streak check out the big winner target the best performing s p stock this week. Shares jumping double digits after its earning report earlier. The stock sitting near record highs. With those weekly winning streaks in jeopardy, are stocks setting up for the winter blues. Bob is at the New York Stock Exchange its way too early to get bearish. Look at that big move up for the month of november, all the right stocks have been moving thats sickically cal sectors. Banks are up the industrial sectors are up. Energy is up health care is doing great thats a little more defensive where is the markets now its important to remember why were at highs theres three reasons why were hitting highs. The fed is neutral and has been expanding its balance sheet. They are tariffs, there is no expansion of the tariff war yet. The market believes there will not be if there are, that will be a problem. Now the market believes there will be some way to avoid that the global economy, there may be signs its stabilizing that may be the most important thing. Did you see what happened overin some of the manufacturing numbers . Over in japan, manufacturing data, the Market Manufacturing data, a little better than expected europe, a little better than expected second month in row. We had germany and france, same numbers, a little better than expected as well that kind of bottoming will help the earnings out maybe well get an expansion 2019 earnings flat 2020, maybe up 5, 6, 7, 8 back to you. Thank you very much should investors be prepping for another December Downer . Remember last year it was a rough one lets bring in ceo and cio of rnc. Thats a lot of letters. Thats a lot. Dan, the market looks like its peaked in recent days and now moving sideways. What do you expect its running out of gas every one has over hang in regards to whats happening on the trade deal theres a lot of noise out there. Earnings are beginning to turn down well slow to probably a 5 to 6 rate multiples are at 17. 5 or a solid two pe clicks above normal its hard to push it from here with the slowing economy kevin do you agree, and if you do or dont, where would you be putting money i agree to the extent that valuations are a little full and weve had a good run of it were looking at some improving in momentum. If we set up the bullish case is this lull we had in growth for the last year or so maybe gets some reprieve into next year we could see Earnings Growth come back into the picture. The catalyst would be a reigniting of growth maybe the Interest Rate staying where they are would be just the sweet spot the market needs to get a more bullish outcome as we move into 2020 Interest Rate is staying where they are its got to be a real help to supporting some of these multipl multiples. Theres tremendous volatility granted in the bond market this is really supportive plus you have seasonal tail winds, i would think. Absolutely. Thats the real catalyst thats what you have at the support level. Interest rates are low it looks at the rate of return its much more attractive in the bond market. You have a tail wind that people havent looked at. You have huge embedded capital gains. Youll see a santa claus slide, if you will. The reality is many people will not do any selling certainly not until after the first of the year because you have massive embedded capital gans a gains and theyre not going to take that. It gives you some additional support. One of the sectors you say for value is worth a look is Emergen Energy theres lots of specific parts of energy. Where in that broad universe i think it would be a natural place to go. Maybe some of the drillers but what were looking at are in this point in the cycle theres three things focus on. First would be the quality of any company. For that we would go to the consumer sector. When we look at Balance Sheets at this stage we want to look for very strong Balance SheetsTechnology Makes sense but the valuations are a little stretched. You might spend some time looking around there clearly the valuations with looking good even if you normalize earnings those three characteristics would be all things you want in a portfolio. All right thank you both thank you President Trump is holding a meeting at the white house at this hour addressing the teen vaping epidemic. Eamon is live with the latest. Reporter we thought this was going to be behind closed doors but the white house is changing the game they brought reporters into the meeting. Well be able to see a piece of it were told that mitt romney is there attending this vaping session. They are billing it as a listening session from the president to hear from stake holders on all sides of the issue. You have some American Cancer Association folks. You have tobacco executives in there all making their case around the table on this issue the president said back in september that he wanted to push for a ban on some of those flavored e cigarettes. He hasnt done that yet. Theres some question about the politics of all of this. Are there single issue vaping voters out there where this could be a difficult political issue for him. Maybe a little more difficult. The president said the first lady was the one who pushed him to pursue that ban in the first place because of their son, baron. Perhaps they are hearing from baa r baron and his friends about the epidem epidemic we had a chance to catch up with the president of the American Vaping Association just before he went in he told us something very interesting. He is framing this in a political lens mayor Michael Bloomberg had been active on the antie cigarette effort he said that might be one of the things he mentions with the president. Our message is that prohibition does not work. When michael plobloomberg is funding 160 million to try to ban flavored vaping products, theres another story to this. Michael bloomberg is wrong President Trump should not be following what Michael Bloombergs socalled Public Health examples are. Reporter why might it be useful strategy to bring up Michael Bloomberg . Well, he might be a candidate against President Trump next year thank you very much coming up, the hottest stock in the market right now. Karuna therapeutics up this week the companys ceo will join us shortly and can the drug deliver on the promise or have the markets gotten a bit too hyped adam neumann shouldnt start spending that billion yet. Bad publicity. people talking for every dollar you spend at a small business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. people talking for every dollar you spend at a small business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. A top air b and b executive is out we have the latest on the story. Its a major loss for the company at a critical time Belinda Johnson told employees this morning she is stepping down to prioritize more time with her family. Johnson will join the board of directors but her departure comes at a time when scrutiny of air b and b are ramping up a number of city governments including new york and new jersey where residents voted to impose greater regulation on Short Term Rentals his number two in First Executive he ever hired back in 2011 be air b and bs approach to policy makers he said she told me we should meet the people that dont like us that has helped lead to the image as a friendlier disrupter than say an uber johnson will stay on until march 1st. The company wont be replacing the coo. They will look for a v. P. Of operations back to you guys thank you very much the other troubled unicorn, wework has been holding an all hands on deck meeting today. What can you tell us about it . Thats right. Executive chairman which comes from softbank updating the staff after they let go of 2400 people in the work force. The most interesting thing is wework is aiming to be positive by 2021 echoing what we heard from a lot of other unicorns and they intend on being cash flow positive by 2023 this is the company that lost 1. 2 billion last quarter. Thank you very much as wework top brass meet on their future, softbank aimed to slashed n eed neumanns golden package. Great to have you with us. Isnt that in the books . They can do that at this point its unclear. Legally, i think it would be almost impossible. Part of this exit package was designed so adam neumann would give up his Voting Rights to softbank hes done that, i believe. If hes given up his Voting Rights, thats done at this point. Look, its terrible pr it was arguably a bad deal if they are trying to argue to perspective investors, we know what were doing, what does it say when they are changing their own mind three weeks later, a month after they signed the deal they already had trouble going into the fund raising round and this just piles on top of it. I would think they would have a difficult time getting more money. They are trying to raise debt to fund this there are questions why they didnt get the process rolling softbank folks kept saying jpmorgan offer which was the rival offer. They kept suggesting they dont really have the money. It appears softbank didnt have the money either they just went ahead with the bid. I have a hard time they are going to slash this tender its not something i see they will do. Look like a trial balloon went out to the press and has gotten stomped on pretty hard how dented is softbank . Its dented the thing thats important to remember is its not the first time its been dented, severely dented they were destroyed and left for dead they got an libaba and became very risky they did more and more deals hes not the kind of person that will shrink back in the tech bubble theres so many casualties. So Many Companies were dented as well here they are in their own company when it comes to making poor judgments and throwing good money after bad. It seems like it. We invested in u. S. Hyper growth companies. They are saying to a lot of their ceos just like lyft and uber, profitability by 2021 thats a magical year for all these Tech Companies dont worry about 2020 but 2021 it will be okay. Lots will happen. Great to speak with you. Thank you. One unicorn that is not struggling by some measures is uber the stock is up more than 10 this week and some quarters of wall street bullish on it. The dairy industry crying foul over milk should drinks made from soy or almond or oats be called milk. Well discuss it if youre on medicare, remember, the annual Enrollment Period is here. The time to choose your medicare coverage. Begins october 15th and ends december 7th. So call unitedhealthcare and take advantage of a wide range of plans with a variety of benefits. Including an aarp Medicare Advantage plan from unitedhealthcare. It can combine medicare parts a and b, which is your hospital and doctor coverage. With part d Prescription Drug coverage, and more, all in one simple plan. For a low monthly premium or in some areas, no plan premium at all. Take advantage of primary care doctor visits. Preventive dental care and an eye exam. All for a 0 copay. Plus, earn rewards for completing other Preventive Care activities, like flu shots and annual physicals. You could also get over 150 in free health and wellness products. 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[sfx mnemonic] or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Welcome back its time for trading nation could this be ubers turning point. Shares on the Ride Hailing Company adding up to a nearly 11 gain for the week for the stock. What is ahead for this troubled name still down about 34 from its ipo price. Not a ton of history here. Just a little over six month ofmonths o trading. Anything suggest this is a durable turn for the better. I can appreciate this momentum again, if we take a step back and look at the six month chart, we find we are still in a defined down trend we have a series of lower highs in place as well as lower lows i think it might be too premature to say the worst is behind us. I think we do manage to push up and break above the october highs and that 34, 35 area. I think i would be more confident at that point in time that the worst is behind us and the base suggest we can move higher at that point steve, this turn, at least, tentatively in the stock off the lows has come as the company has tried to focus on the possibility of turning cash flow positive and trying to run little bit of a tighter ship financially. Any of that sway you how do you size up the company in. I think swayability is the issue. What were looking for is companies that are asset like, can scale the business and are general rati general rating incremental margins. Is there no other way you would seek to play this area of consumer ride hailing . We have not been exposed to this area. We are looking where we can see a Clear Pathway to cash flow growth that will be where the value is. That seems like where the market is also coming down that bit of discipline. Well see how it goes. Thanks very much for joining me today. Head to our website or follow us on twitter at trading nation back over to you thank you. Ahead, clean up in the dairy aisle. Milk sales are spoiling. The industry is having a cow saying plant based options should not be called milk. They want to make yogurt out of that oat milk. We did that because oats dont lactate. Are plants putting the milkman out to pasture well ask him. It was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. He borrowed billions donald trump failed as a businessman. And left a trail of bankruptcy and broken promises. He hasnt changed. I started a tiny investment business, and over 27 years, grew it successfully to 36 billion dollars. Im tom steyer and i approve this message. Im running for president because unlike other candidates, i can go head to head with donald trump on the economy, and expose him fo what he is a fraud and a failure. Welcome back here is your cnbc news update. President trump participating in the ncaacollegiate he joined more than 15 teams for a luncheon at the white house. The cdc urges every one six months and oler der to get the u shot Prince William handed out several awards, one of which bears his name i see first hand the huge work that people do day in and day out to protect africas wildlife africa still on the front line of conservation and nothing brings that home more starkly than the sobering animal we have seen back to you thank you very much. Stocks are nearing the highs of the session. The dow up triple digits 103 points the s p and nasdaq slightly higher all three indexes still on track to snap multiweek winning streaks. The oil market closing for the day. Leslie picker is following it for Us Oil Market in the red this friday you got wti down at 1. 2 57. 87 a barrel ice brent down about. 75 . Once again, traders attributing it to about getting a resolution to that trade war and any disruption to the trade picture can Pressure Oil Prices because it crimps demand reports showed opec and russia likely to extend production cuts thank you very much the fake food frenzy rages on as plant base disruption sours the dairy industry there will be more puns in here. In the last few weeks americas Larger Company filed for bankruptcy blaming decreasing demand are consumers moving on from milk over the past 20 years consumption has fallen 26 and last year the Dairy Farmers reported a 1. 1 billion drop sales of oat milk have skyrocketed 636 in the past year and plant based milk now makes up nearly 10 of the industry the traditional dairy industry is having a cow saying they shouldnt be classified ay eied and the numbers dont tell thei our comments there in my household, i have a 13yearold. Ill bet you we go through two gallons of milk a week where is dairy Product Sales