Some tariffs for soy and pork from the u. S they didnt specify quantities involved they imposed 25 tariff since july 2018 in retaliation eunice yoon was up very early it is 12 hours later there. She was up very late. Whatever it was. She was up she tries to figure out what is happening. This is the beginning of some positive that is my take. And futures are up. After thursday when the Chinese Ministry said, look, we are still on track for kauks it would have to be precondition, okay, here, well drop some of ours first and get to you december 15 right . Right i was thinking about how much risk there is to thinking about 10 or 11 months before an election and what could go wrong. We heard about if there could be a recession. He says 2021 what if there was a big market break next year in the stock market you saw what happened a year ago at the holidays. Christmas shopping draops significantly. Where im going with this trying to follow. I know it is hard trump has we are at new highs right now basically. If there is any type of problem in the market next year, march, february, march, april, may, it would be nice to be able to do that trade deal at that point. If you are already at new highs now, you need that trade deal. If the market collapses, the chinese no full well if you already got new highs. You can pull that out of your pocket, then it is off to the races. You are not going to get a big deal here. What you want is a continued detant we have to get through christmas. At least the idea that things arent going to get worse and then the market is fine with that. We have to get through christmas, new years and davos those are really happening im getting my clothes figured out and stuff like that. Me too. So 360 days a year, i can look like crap but for four days. Scrub up. Got to look good in switzerland. Steven mnuchin and other lawmakers are objecting to the plan to offer china 1 billion and 1. 5 billion with lowinterest loans this is to support the countrys structural and environmental reform he said he wants the bank to graduate china from its concessional loan program. With the congressman who introduced the legislation we were going to talk about it yesterday with grassley these prima donnas we kept him waiting on breaking news. He cant wait eight minutes he has to go do nothing else in the senate pouring salt in the wounds. Hoping hes not listening right now. Uber with report of safety. In 2018, it had reports of 3,000 Sexual Assaults, nine murders and thousands of crashes tony west said the numbers are jarring and hard to digest the public has a right to know he outlined the steps uber is taking to counter the problem including hiring more employees dedicated to safety. Adding and in app emergency button and checking in with customers if the app detects an unexpected long stop during a trip calling the stephan important step forward in the long run, well be a Better Company for taking this step companies that are open, unaccountable and unafraid are the companies that succeed weve seen similar problems with lyft where they had more than two or three dozen people who filed reports or complaints and lawsuits against it for Sexual Assaults messed up i saw it last night on nbc news. I told my wife about it. It was 3,000 Sexual Assaults. Of those 235 were rapes. 19 were fatal physical assaults. Driver on passenger and passenger on driver. It is messed up. You stick two strangers together it is ridiculous offering about 3. 1 million rides a day. But they are still talking about 3,000 assaults and some saying those are probably underreported. Uber said taking it public, you will probably see an increase of the number of reports as the underreporting is made up for. You cant stick two strangers together it is terrifying. It is relative but there are women who say they are very much on guard you are putting yourself into that position. The big question is how rigorous are the background checks uber has a lot of drivers they knockout every year. Most are because of not being able to pass driver steps but it is criminal background checks as well this is unacceptable. It should be zero. My question is, how does this compare to the rates you see in yellow cabs where there are licensed drivers questions raised in london about safety and those who are able to fool the system and not be who they say they are. That would be my biggest question on this and how do you take care of that . Did you see the guy come out of the metal detector and sully grabbed him. Turning there now to vienna. They are hoping wrap up a deal today. Is that a hotel where it is being held, brian, which one no. This is the hotel opec, joe. The organization for the petroleum ex porting countries it is a fairly sterl Office Building when you said grab the iranian minister, i said good morning, sir. He turned to cnbc and said yes ive been to, what, six of these meetings now the new saudi minister has put the lockdown there was no talking to reporters, no scrum. No signed deal last night. All the rumors are another 500,000 a day in cuts. 1. 7 million. Is that going to move the market higher no except if we get a deal for the entire year. Russia is here no deal yet. Hope for a deal. U. S. Oil and gas have been walloped from a debt perspective. You get a couple barrels upside, that is good news for u. S. Oil and gas who need every dollar they can get you know that guy does he know you just not saying mr. Great satan is good from iran for you, isnt it hes always yes. Hes always been very polite and kind hes facing a huge amount of pressure at home hes the guy who pushed through the emergency hike in gas prices overnight when the population went insane. That is a huge hit to them mass protests. Probably more than 1,000 people were killed in clashes he is trying to be impeached by his own government hes dealing with impeachment at home and hes also got to deal with the saudi conflict. There has been some issues there as well. Hes the longest serving oil minister this is probably his final meeting as with the iraqi because his government basically dissolved last week. An unbelievable number. As many as 1,000 weve seen it before, i guess if you thats one way of handling it so it doesnt get out of control there shutting down the internet. No. Yes. They shut down the internet there. We were trying to support them trump said something about supporting the protest we didnt last time when it would have maybe worked but some day, i guess right, brian yeah, listen, joe i know you are close to the president. Youve interviewed him a number of times iraqis got blamed for trying to push through some deeper cut everybody ive talked to said no way. The best guess my sources have is that the saudis went to the iraqis and said, you guys get to be the bad guys here you asked for the cuts here because we dont want to be the bad guys and raise the eye of said trump it could raise the ire of the president. By the way, one of the reason im here we dont get an increase of oil prices to help out u. S. Oil and gas, you could see a lot of job losses which is not what you want, what, 11 months before a president ial election. There is a lot of macrogeopolitical issues going on as well the other point is. Cutting production so you can boost the price while also on the market brings up all of the weird things that happened with that ipo too yeah. I tell you what, youve got the ipo with the massive overhang. Everybody is whispering about but nobody is talking about. This is unusual. There is no press conference, no scrums this is on lockdown. Everybody says this is the new saudi minister one of the sons of the king, half brother to bin salman yielding his influence and putting the crack down whether was of aramco or if this is the new normal Going Forward aramco, there is another drive of thought drive the cost of oil down if you are aramco. 2 d 2. 80 a barrel and you look better by comparison okay, brian thanks well check back well talk about what you do at night over there i dont know if you got to our restaurant beautiful view i mention them a lot i would expect some shuushi for free next time im there coming up, the jobs report is coming whether your portfolio is ready or not well get predictions. Former Vice President biden is speaking and taking on megamergers. Well see what he said later this hour. Well be right back. Todays big number. 1,670,000. Thats how many new jobs the s. Economy has added in the first 10 months of 2019. Forecasters say the economy likely added 187,000 nonfarm jobs including the return of 46,000 workers to gm thats why the number looks so good compared to what weve been really expecting we are told we are back down around 130, 140 average. They werent counted in the october numbers during that strike employment rate expected to hold at 3. 6 . Joining us now, kathy, chief u. S. Economist at oxford and russell price, economist as well back to record low 3. 5 we think overall job is little lower. Gm strikers are returning. So that adds another 40,000 to the headlines. To really disconcern the trend you want to average october, november together and you get about 160,000. I dont see you like out partying on this your odds on a recession on 2020, you go down a whoping 5 thats right. Not everything is great in your view . There are still vulnerabilities. There is risk. The fed has shown us that. The going trade tensions there is marginal good news today. Even if we have a limited phase one deal, those tensions are going to continue. The other thing is Profit Growth is slowing margins are narrowing. That is another risk for the economy. You are an economist. What does it mean for the stock market in your view . It is interesting growth did slow this year. The equity market did well you will have a disconnect for the equity market, it is always about earnings. We never know if the fundamentals are going to catch up it is possible you could recover, europe could recover, the market is right and the economy will slow. There is a lot of good news already priced in. Looking ahead, im not a Market Strategist i assume, maybe the risk goes flat unless there is a pull back you get all of this positive good news. The global back drop chill challenging especially out of europe is the market out of whack or is the economy just a lagging indicator of itself. I think the economy is pretty much on Cruise Control right now. Consumers are in good shape. Well see that with the employment report here in a few hours. That is really enough to keep the base of the Economic Growth close to about 2 . That is something that will be sustained for quite some time. Joe, you mentioned earlier, mattis had talked about the possibility of a recession in 2021 we still think if we are cruising at about 2 , us economy, we can avoid that recession. We talk economic cycles. Most people have heard boom and bust we havent had a boom, just a bust next year, things are elevated theyll receive the income gains that they are from a strong job market we can avoid a recession next year unless there is some outside influence and something bad with the trade situation that really causes consumers to pull back and maybe that would have to be sustained for quite some time for it to be effective and with any type of true economic slow down. You are not in the business of forecasting equity prices either, im going to say it. As an investor, the economic back drop you see now, is it friendly for saying in the stock market in your view . Yeah. I absolutely do think so this year, the s p earnings are looking to be flat next ear, they are expected to be up about 9 if you remove the influence of energy and material, that gives us s p 500 earnings gain this year of about 3 we should see some what rebound in those prices even if Commodity Prices remain flat we should see a little Better Business investment in the year ahead. Business has slowed and lowered demand for u. S. Exports. With consumers being 70 of the u. S. Economy, there is only so long that Business Investment can remain under pressure. Ill take russells opinion, your opinion as much as anyone else for you guys, you might as well do stock prices, it is impossible to forecast the economy. So what does it . Kathy, thank you im impressed you can teach an old dog new tricks yes ancient. There is that sevenyear thing little dogs live to 16, 17 years old. Big dogs, it is valid big dogs, im worried about when we come back, well give you fraud advice usually reserved for professional athletes frud concern that could wipe out your assets. Thats coming up after the break. vo the moth without hope, struggles in the spiders web. With every attempt to free itself, it only becomes more entangled. Unaware that an exhilarating escape is just within reach. Defy the laws of human nature. At the season of audi sales event. But he wanted snow for thelace holidays. So we built a snow globe. Ill get that later. Dylan but the one thing we could both agree on was getting geico to help with homeowners insurance. What . Switching and saving was really easy i love you what . Sweetie hands off the glass. Ugh call geico and see how easy saving on homeowners and condo insurance can be. I love her as a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. 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His company is focused on helping professional athletes of understanding their finances something wed all like to know. The first red flag, he encourages to look out for a lack of oversight. Thank you really great to be on the show great to have you i really enjoyed the intro too. Thats a great song for everyone the first sign is oversight. That is essential when it comes to identifying and mitigating the risk of fraud. The reason for that is that Financial Advisors, they get into a financial problem sometimes that will be a gambling problem, drug problem or anything that will add financial pressure theyll then look to their clients for an opportunity to take the money they need if you are overseeing your in investments and keeping an eye on it and asking questions periodically, hes going to know that this person should not be i shouldnt take the money from them because they are looking at it. Oversight is one of the biggest deterrents they dont want to get caught. If they know you are looking, they wont take it from you. Second red flag includes conflicts of interest. What should we be doing on that front . It is a very heavy term because there is so many different ways that conflicts of interests can present itself to explain it in the most simple way to the average investor. When you want to do to minimize conflicts of interest is hire what is called a registered Investment Advisor what theyll do is provide you investment advise solely in your best interest. On top of that, look for somebody with advanced certification, something that shows they put their time in to be an expert and provide the best advise. The conflicts of interests that do present themselves are hard for the average investor to identify or understand just this qway of starting out and understanding who your Financial Advisor is, weatherer broker or duelly registered, that is important. Looking at excessive fees this goes along with oversight and the right advisor. It is like passing the smell test on one hand, you have your advisory fee that is 1 you pay on an annual basis. On top of that, there may be investment fees. Mutual funds, commissions on stocks what you have to do is understand what those fees are, what you are paying and how often. A lot of times, these fees are hidden or hard to identify looking at his or her account statement. It is important to have conversations with your advisor to understand the fees you are paying on the investments you have and open the conversation there. What happens is that over time that will drasicily reduce the amount of your return. You need to be on top of your game for that. Thank you for your time. For more on invest in you, comcast are investors in acorn well run through the Earnings Report next and later well take you live to beijing where officials announce they are going to waive some tariffs on soil and pork imports yesterdays s p 500 winners and losers that was wonderful. I loved that it was great. Wasnt bad. Parts were not good though iid dnt really love it it was bad. Terrible boo. Good morning u. S. Equity futures are indicated up this morning. We are looking at green arrows all of that could change when job numbers come out s p up by 8, dow up by about 75 and dow up as well time for the executive edge. We are seeing some big moves lets start with zoom Video Communications that Company PostedThird Quarter earnings that Beat Estimates and strong Fourth Quarter guidance revenue increased to 85 marking a slow down to the 96 growth. That stock down by almost 9 it had been a success up to this point. Shares of crowdstrike rising on better than expected results the Security Company reported a loss on just over 125 million that stock initially fell but then swung higher after a missing number in the companys forecast was corrected they blamed the wire service for that error that stock is up now the ceo of crowdstrike will be with us this morning shares of docusign beating analysts expectations. On line signature platform billings rose and prescription revenues rose beating estimates. Could be even more