Saudi aramco ahead of the market debut and the Worlds Largest ipo. And masa son speaking out. Worldwide exchange begins right now. Good morning and welcome to the show, fs friday, december 6. Im in for Brian Sullivan who is in vienna, austria hell have the latest in a few moments. Lets take a look at what is happening with stocks. Major averages are lower for the week the dow is on track for the worse Weekly Performance since midaugust but things are shaping up positively. The dow will open up about 75 points s p up by 8 points and the nasdaq up by 29. Ticki ticking slightly hire 1. 797 two year at 1. 59 . The nikkei up a quarter of one percent. Shanghai half a percent as well. 1 gains for the south korean kospi. Posting biggest weekly events. And in european trade, a big miss in Industrial Production seeing the biggest drop since april falling 7. 7 estimates were calling for 0. 3 rise ftse 100 in the uk up three quarters of one percent. Looking at top stories today insurance giant Phoenix GroupHoldings Looking to buy swiss re insurance for 4. 1 billion and stock. In a rapidly consolidating sector as many insurers hit by capital rules looking to shore up Balance Sheet and books those shares higher in premarket trading between the u. S. And china, u. S. Secretary Treasury Steven Mnuchin are objecting to plans to offer china between one and 1. 5 billion in low Interest Rate loans saying he wants the bank to, quote, graduate china. At the same time, more upbeat headlines ahead of the phase one agreement. China says it will waive tariffs on soybeans and pork being based on applications by individual u. S. Firms no specific quantities of overall purchases were mentioned there. Stocks pointing to a Third Straight day of major averages as investors await results of november jobs report due out in about three hours from now 3 25 employees adding 187,000 new jobs and Unemployment Rate should hold steady at 3. 6 those are the expectations joining me now Capital Investment manager, lets talk about the economy for the u. S. And abroad is this a scenario where the economy can justify the markets as these near record high levels it gets difficult without a trade deal it is a tax on consumers and businesses if that tax goes away. Its like a pile of dry wood but it has been raining. When the rain stops, the fire can get lit and really accelerate next year if that is the case, you are saying this could be an event driven mainly on trade is it fair to adjust your allocations, performance, trading around trade headlines it seems as if there has been some whip saws in the action you cant really trust any one headline can you make those decisions based on expectations for trade and should you be based upon those. That is a very difficult thing to do. It is written on paper and on your website at palisade c capital. Com. Our team has written a strategy piece and what Key Performance indicators you should zero in on so take us through that youve taken the time to put together this report what are the big take aways . How do you position from a strategy standpoint given what we know or dont know. We start with companies that generate excess cash you have to start there. If you go into a period where things get really bumpy, you want those companies that can weather and take advantage of an environment where others are denied capital right now, you have high yield and high bond spreads. We are looking at companies that are selffunding the best metric that seems to weather through good times and bad times is return on Investment Capital we show 5, 10, 15, 20year periods if we focus on companies that have high roitc, they do well. Are there specific names or industrial groups or sectors you are looking at we are really industry agnostic though we have not found real value in the energy space right now because those companies dont cover their cost at capital at this point they are not disciplined in their Capital Allocation that is another part of the process is to find businesses where there is a culture in the business of allocating capital in a positive way. The Energy Industry has been undisciplined in terms of how they allocate capital. All right stay away from oil turning now to oil and that contention day one after talks of potential deep cups wrapped up yesterday with no announcement. Brian sullivan is with us from vienna, austria. Most of the ministers just arriving here. I have to say something. Theyve done a great job of locking it down. A lot of times, the ministers will come in and give you a couple of words. This year, almost nothing. The Iranian Oil Minister who weve interviewed in the past and gave us one word i said, do you expect well get a deal today he sort of looked over his shoulder and said, yes where do we stand . The meeting wrapped up at 11 00 last night no signed deal rumors out there about how much they will cut. My sources inside the meeting said iran had left, got frustrated but eventually did come back. It is called opec plus it is okay live tv. It is about 200, 250 journalists here no deal yet. Russia started now that conversations begin today, no big deal you probably saw the reports right now, the current deal is 1. 2 Million Barrels a day. Now talking 1. 7 Million Barrels a day. Why hasnt oil reacted more . You have to remember, some countries like saudi arabia are overcutting already. They are probably not going to take that many barrels off the market you have this norwegian field that just opened and u. S. Shale continues to pump. Day two, russia is here. Hopefully a firm signed deal likely 1. 7 if they can stretch it to the end of the year, that would be the only thing that would be bullish for the price of oil anything else would keep it neutral or down. Brian, thank you. Well see you later on when we come back, uber for the First Time Ever publicly releasing its own data concerning Sexual Assault concerning riders and its drivers. And what masa son have to say about their animal instincts and how kfc is warming up your holiday yule log with 11 herbs and spices yes, it is back. Ghafr haeetnsng rur rit tethis no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. Wthats why xfinity hasu made taking your internetself. And tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. After years of being dogged by safety concerns and Sexual Assault allegations against drivers, uber is going public with what it calls a comprehensive report Frank Holland joins us with the latest there the findings are simply shocking uber says between 2017 and 2018, there were nearly 6,000 reported incidents. And 3,000 plus Sexual Assaults in 2018. Releasing what it calls a comprehensive safety report. The chief officer spoke exclusively to nbc news. Im not surprised because Sexual Violence is much more pervasive in society than people realize. First, we want to raise awareness. The other thing we want to show is that we are developing best practices. Uber and lift which both went public this year have long been criticized facing assaults that happened between drivers and riders drivers were accused in 92 of rape allegations taking a number of steps to hire and including hiring and doing a background check and including a 911 button within the uber app both have lost more than a third of their value since ipo debut the numbers released, we talk about the context there, is there any indication these companies could see some kind of a positive spin on this. Is that going to help . It remains to be seen theyve long been facing allegations that theyve not been doing enough to protect riders the numbers here in 2017 and 2018, the numbers increased. That is just a scarey situation for people to get into these vehicles from ipo bust and one unicorn making the long trip from wall street darling to dog. And amazon teaming up to create a digital athlete. Trending and coming up when Worldwide Exchange retns teth bakur woman friction points, those obstacles that limit a companys growth. I try to find companies that turn these challenges into opportunities. But by going out in the field, and meeting management, suppliers, competitors. In the end, its these unique companies with Creative Business models that will generate value for our investors. Thats why i go beyond the numbers. Tthink you need to buy expensive skincare products to see dramatic results . Try olay skin care. Just one jar of microsculpting cream has the hydrating power of 5 jars of a prestige cream, which helps plump skin cells and visibly smooth wrinkles. While new olay retinol24 provides visibly smoother, brighter skin. For dramatic skincare results, try olay. And complete your routine with the olay eye collection. Brand power. Helping you buy better. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Servicenow put our this changes everything. Youre right sir. Everything. No not everything, i mean youre still blatantly sucking up to me gary. Brilliantly observed, sir. Always three steps ahead. Six steps ahead. Sixteen. So many steps. You done . A million steps ahead. Servicenow. Works for you. Thats a live shot of chicago, illinois coming up on 4 18 central time. The Chicago Bears celebrating after a big win for the city last night lets check on some other big stocks on the move shares of zoom communication plunge despite strong Fourth Quarter guidance falling on 85 revenue down from the prior quarter. Those shares down 8 premarket. Shares of crowdstrike. The cloud based Cyber Security company reporting a loss of 7 cents per share. They have increased fiscal 2020 outlook. Those sharz up 5 . Ceo of crowdstrike will be on squawk box this morning. Ending on shares of ulta, surging now on mixed Third Quarter results. Earned 2 a share and revenue fell short ulta matched sales growth. Those shares surging 9 . Still to come, House Speaker nancy pelosi formally calls for articles of impeachment for President Trump. That and more coming up after this break 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. There are things we would change about work. And there are things we wouldnt. When work is worth it. Work is worth it. Work can be closer to home. Pay more. Make us proud. Careerbuilder. Work can work. Find your work at careerbuilder. Com thats a live shot of our nations capitol at 5 23 eastern time a lot of stuff happening there in regards to inquiries of President Trump. Lets check other top headlines with Frances Rivera from new york with the latest happy friday we start with the American People gearing up for a constitutional show down between the legislative and executive branches speaker of the house has directed her Committee Chairs to begin drawing up articles of impeachment against President Trump. On monday, attorneys will layout evidence for and against impeachment setting up a house vote possibly by christmas three National Guard soldiers have been killed in a hospital crash in minnesota. Conducting a test flight when they sent out a may day call about nine minutes to the flight the names of the soldiers are being withheld pending notation to their families. Watch this jawdropping footage of this car at a car dealer in florida. The driver said they got dizzy and hit an embankment. It hit three cars in the process. The driver received medical treatment. No one else was hurt back to you. Unbelievable. Glad nobody else got hurt. Thank you. Have a good weekend. Still ahead on the show, google facing accusations of firing workers in a bid to curb accusations. Brian sullivan will have the latest at the opec summit in vienna brian, what can we expect . Dom, listen, people out there may not care about opec but they probably care about more than a million u. S. Shale, oil and gas jobs what happens in that building behind us determines a lot about what happens with the u. S. Industry well speak with a special guess after the break about whether or not these cuts will do anything to help the United States. Thats next on Worldwide Exchange vienna, austria edition. No matter what i wore, i worried someone might see my bladder leak underwear. So, i switched. To always discreet boutique. Its shapehugging threads smooth out the back. So it fits better than depend. And no one notices. Always discreet. It is that time, the november jobs report in focus. We are breaking down what we can expect with the latest reen on the strength of the u. S. Economy. Opec members are back at the table. Brian sullivan is live in austria with the latest there. And soft bank masa son going on the defense. His remarks coming up as Worldwide Exchange rolls on. Welcome back to the show on this friday, december 6, 2019. Taking a look at stock futures half way through the 5 00 a. M. Eastern hour the dow is on track for the worse Weekly Performance since august we are seeing slight positivity. The dow would open up by about 57 points if these gains hold. The 10year note deal just below 1. 8 twoyear note at 1. 591 . Looking at asian markets, all in the green. Lets take a look at early trade in europe as well. European markets carrying that green, positive theme there. The dax up 0. 1 . Ftse 100 up by twothirds of one percent. Masa son is standing by his investment style after the wework offer the soft bank ceo said he miss judged weworks cofounder character. He has a great vision he believe in the future he has passion he probably has the biggest guts in the world on doing investment very few people in the world have that much courage adding he will continue to invest more and more because, quote, the world needs continue uous revolution. Google is being accused of illegally firing employees to keep them from taking part in union proceedings. Filing a labor charge claiming it unlawfully fired four employees to stief unionism. The company is expected to take part in a Major Investigation to whether google violated rights to raise concerns about working conditions saudi aramco has set initial public offering. Selling 3 billion shares for a total of around 25. 6 billion giving the Company Total valuation of 1. 7 trillion markets are eagerly awaiting the release of november jobs report in just under three hours from now. Expects are for 187,000 jobs and unemployment steady at 3. 6 . A return of gm workers from the picket lines increasing that number always great to have you here on a job ises day lets talk about whether or not this jobs report will be the key. It will be the last one we get from this calendar year. It only cover the month of november can it continue the string to say jobs are powering the economy right now along with the American Consumer. That hurdle is rather low that brings up an important idea people need to reorient their thinking job growth is going to slow down im not talking about the adp report we do think well be downshifting close tore 125,000 jobs per month on the coming here that will be slower to the thousands we thousands relative weve done a really good job absorbing on the sidelines so job growth isnt necessarily going to slow down we dont think that report is necessarily reflective of this gm workers are coming back in after the strike we think that is sort of your base case for todays report is a minimum of 150,000 jobs. Im giving the influx of gm workers. It is something pretty close to consensus. For whatever that is worth whether this thing misses by 20,000 one way or the other. People fall all over themselves to be worried about this report. In terms of break even, that is about 100,000 jobs no real cause for concern about a slow down. Even if things do slow down, the job market in america is still healthy. It is incredibly healthy. I get it, people come on tv and make these colorful statements that is just reality look at jobless claims jobless claims are the best early indicator. Those are at alltime lows that print yesterday had some volatility to it nevertheless, even excludeing that idea, jobless claims it in to drive home t