A 50 billion deal and room to run. A closer look at the consumer and the stocks our expert guest says are the must buys heading into the new year as Worldwide Exchange begins right now good morning im dominic chu. We begin today in our Nations Capital warehouse democrats are set to impeach the president for the third time in the history of our country. The president sends a scathing letter to House Speaker accusing her party of, quote, unconstitutional abuse of bower. Going to tracie potts. We have new details of how this might play out and how it might get extended beyond the six hours of debate. In that letter you talked about. President trump on the eve of this vote is accusing democrats of declaring open war on democracy. Rallies across america on the eve of a vote to impeach President Trump on abuse of power and obstruction of congress i have not seen it. It is a hoax his comments follow a scathing letter to House Speaker demanding she immediately cease this impeachment fantasy arguing that more given to those accused in the salem witch trials. Hes going to go all in six hours of debate unknown will republicans use procedures to delay. The legacy of the 116th congress will be defined by her hatred for President Trump defined by a trial set to beginnerly january this thing is dead as Fried Chicken in the senate. Rejecting the request to call witnesses. Do you want someone who proudly says they are not impart al to be on a jury judging high crimes and misdemeanors . President trump almost certain to be cleared by republicans controlling the senate after becoming only the third president ever to face impeachment. The times are still fluid there are procedures on both sides that could stop the clock and delay or extend this six hours of debate. Dom, right now, lawmakers are expecting a final decision by the end of this day. So tracy, lets talk about some key layers you mention. As we talk about senator mcconnell and adam schiff on the house side, how are these folks approaching today and have they made any kind of comment and how much more pressure will be brought to bear in the coming day . They all will be talking. Im not clear anything they have to say will pressure anything more than theyve already heard. When you talk about pressure, you are talking politically vulnerable democrats we are counting 45 of them 42 of the 45 are still voting in favor of impeachment at least based on what theyve said publicly. Also on the senate side here, we know the impeachment will happen is there any indication besides what leader mcconnell said about what we can expect to see on the senate side of things as we prepare for this house vote . What we are hearing is that the procedure of the trial is expected to start around january 6 with the trial starting january 9. The big hang up is how long will it last. Mcconnell has been clear that he does not want the witnesses. We dont know how much pressure is being brought to bear by the white house because President Trump wanted his day in court so to speak as opposed to something that would be a short trial where he wouldnt be able to bring in all of the detail of the testimony he thinks would ignore the house thank you for the latest. Back on wall street, stocks continue to tick higher. S p 500 seeing the longest win stre streak since november. If these few tune gains hold, the dow will open up another 30 points and the nasdaq about 11 yields continue to be a focus. We are seeing a slight down tick the 10year benchmark currently 1. 873 the twoyear, right now 1. 625 around the world stocks slipping from recent multiweek highs your own Joumanna Bercetche is live in our london news room good morning, joumanna good morning. Lets start with european markets. We are trading moderately today just below the flat line this morning, despite data that came out about an hour ago that the Business Sentiment is beginning to improve and seeing positive signs that was the ifo data released cac in france up around a quarter of a percentage point. Very big deal announced. Psa, peugeot, formerly announced the merger fca on the italian index leading some of the gains on those indices. It has been a Long Time Coming one of the big stories driving autos. Ftse 100 is something weve been watching closely we saw that big bump on friday some of the stocks pulled back their gains also worth baring in mind big movement in the pound. Sterling trading back down to 1. 30 and up to 1. 35 that brought in a big majority for the conservative party people thought that would bring in positive news latest developments have shown they would like to rule out the possibility of another extension on brexit post 2020. Switching on, lets talk about some of the price action in asian markets. You can see moderate gains for shenzhen slipping overnight to the tune of about 0. 2 of a percentage point. Nikkei and germany slipping around 0. 6 of a percentage point. We saw weak numbers for november down around 8 yearon year. Imports dropping around 16 . Taking a bit of a breather but worth mentioning that all of these indices are up north of 20 for 2019 so still been a strong year. Joumanna, if i tilted you back towards europe a little bit. The broader measure of stocks hit its own record high joining the s p 500. What exactly has been the driving force recently behind those record highs in the euro stoxx 600. Are there sectors that seem to stand out . It is a very valid question we are all scratching our heads asking the same question it appears cyclicals are finally getting their love what are the best performing sectors. Autos were heavily beaten. Semiconductors as well all of the indices that were not loved are finally seeing a bit of love. Also financials that is a verier n undervalued sector paying high dividends north of 5 seen a lot for that sector as well a lot of people saying with the data back drop, you could continue to see in flows and perhaps 2020, we could continue to see that trend of sick clith outperforming the market new this morning, fiat, chrysler and peugeot reaching a binding agreement over a roughly 50 billion merger set to create the worlds fourth largest automaker and put brands like fiat, jeep, dodge, maserati and alpha romaine owe under one roof as the Companies Work to come up with a new name. The house yesterday approving a massive 1. 4 trillion spending package it could stave off a looming federal shut down and fund uncle sam through september 2020 the senate is expected to vote this week before fridays deadline and on trade, the House Committee clearing the way for the new north american trade deal the usmca setting up a deal in the full chamber tomorrow. The senate plans to ratify the hearing after it holds the january trial on weather to remove President Trump from office fax ex ceo and what he told analysts on a call last night. And why shares of pg e are higher as they continue to deal with the fall outfrom the California Wildfires and its bankruptcy later, room to run and the consumer the stocks our guest says are posed for a break out in the year ahead all of that and more when Worldwide Exchange returns after this memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. For your worst sore throat pain, try Vicks Vapocool drops. Its not candy, its powerful relief. Ahhh vaporize sore throat pain with Vicks Vapocool drops and try new vapocool spray. Check out shares of fedex falling hard after the shipping giant reported disappointing earnings citing, quote unquote significant challenges getting to rahel for more. A lot of people will be talking about this Second Quarter adjusted profits fell 39 operating margins in both express air and ground divisions slowed significantly and they are cutting their 2020 earnings for now the second time this year citing the cost of adding sunday delivery for the holidays. Impacting the u. S. china tariff and the fallout with amazon. Fred smith was on a call yesterday. Due to continuing trade disputes and reductions in freight and at best b to b domestic parcel. We remain highly positive going into fy 21 absent negative macroeconomic elements also not helping thisyear, the Holiday Shopping season is six days shorter data from customers suggests fedex is trailing rivals like ups in on time performers. Shares are down more than 6 right now at almost 7. 5 if these hold, that would put the stock to negative territory for the year a big deal. For what many consider the bell weather of the economy still ahead, bullish on health care. One stock our guest says is a must buy as markets hover near record highs todays big number 500 billion the annualized dividend tera used by the s p 500 in q 4 a record high. What if numbers tell only half the story . At t. Rowe price, hundreds of our experts go beyond the numbers to examine Investment Opportunities firsthand. Like a biotech firm that engineers a patients own cells to fight cancer. This is strategic investing. Because your investments deserve the full story. T. Rowe price. Invest with confidence. Demand has never been higher for what we do. Creating compelling, engaging, and informative content and experiences. With this merger, viacomcbs will be one of the largest and most influential content creators in the world. I know we can deliver on the full potential of this amazing new company. Doprevagen is the number oneild mempharmacistrecommendeding . I know we can deliver on the memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Lets get a check on some of the big stocks on the move this morning. A bankruptcy judge has approved p garchd es 13. 5 billion settlement using cash and stock put into a trust the judge also okayed a 7 billion Insurance Payment as well shares of cintas are higher as well reporting better than expected Second Quarter results. The company is raising its guidance for the full year 2020. Shares up about 2. 5 google has settled a longstanding tax dispute. Following an audit that looked into the companys tax practices since 2008 to 2018 still to come, another lifeline for wework as the Company Looks for a new lease on life. And why elon musk is considering a price cut for the model 3 sedan early next year. Prescription eyewear can be really expensive. But heres a secret. Glasses dont actually cost that much to make. But surprise especially when you design your own eyewear and then sell it directly to your customers. Like we do. Oh hi, were warby parker. Our glasses start at 95. Including prescription lenses and the best part, you can try 5 pairs for free at warbyparker. Com [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah just about 20 seconds past 4 23 a. M. Central time a live shot of chicago, illinois the winter storms that have battered it over the several days looking at the market themes well be watching into the end of 2019 and 2020 first of all, the big divergence that happened between large cap stocks and small cap stocks. The key to that namely the technology s p 500 and the russell 2000 we see a big gap the russell 2000 small cap has played catch up this last leg higher up 13 . Large cap still outpacing things well see if they invalidate those things a couple of bell weathers and indicators key groups we are watching hitting record highs again you can see the white line here has been positive all year long. The other place we are watching is the dow transportation index. Given what we saw in the earnings index report. We look to valid highs looking at transportation stocks to add to that story right now, over the course of the year, fairly flat. A Little Movement here certainly, a couple of big Industry Groups to watch as that plays out to the end of 2019 when we come back, we are live in washington, d. C. Where the house is set for an historic Impeachment Vote we are talking about the impact this could have on policies that matter to the markets and your money when Worldwide Exchange returns after isth brakes scr okay. So, today youre going to leave your phone 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. 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. The house set to hold a historic Impeachment Vote against President Trump today. We have Team Coverage on the potential impact to you and your money. Fighting to stay afloat. Wework securing a nearly 2 billiondollar lifeline and our series, room torun rolls on. We take on one of the best performing sectors all about the consumer and their Discretionary Spending the second half of Worldwide Exchange starts now welcome back to the show thanks for being with us here is how your money and investments look right now as we are half way through the 5 00 a. M. Eastern hour. Looking at more gains to add on top of the records we have seen. Indicating a 25point rise in the dow. It is modest but still green s p is up by about two point is and the nasdaq up about nine points as well the 10year up about 1. 868 . The twoyear about 1. 678 . New york life to buy cign about 6 billion the deal will expand new york lifesofferings giving signature gn wework with a credit of nearly 1. 8 billion. Tesla reportedly cutting the price of the model 3s made in china tesla is working to lower costs by using more locally sourced components it is set to be an historic day in washington, d. C members of the house set to gather in that building later on today to vote on impeachment charges against President Trump. Beginning at around 9 00 a. M. Eastern and debating the two articles of impeachment. That is expected to last about six hours or so. The final vote expected to take place 6 00 or 7 00 this evening. This comes as President Trump continues to cry foul on the impeachment process overall sending a letter to House Speaker calling it among other things an illegal partisan attempted coup we have full Team Coverage ahead of this vote live with us well start with you and what these charges all boil down to in the end i want to focus on the first article of impeachment which is abuse of power underpinning that charge has pushed the limits of washingtons budget and appropriations process democrats say that money was held up to ukraine to conduct the investigation of the bidens. We have obtained a legal memo that details why the administration believes it had authority to withhold this money. It argues that this is not a policy defer which would require notification of congress but a progr programmatic delay this is the technical debate happening today but certainly not the first time the white house has used the budget process to advance its own goals. The administration has been paying for the border wall by transferring money they have issued mixed rulings after the white house has acknowledged that budget couldnt balance over the 10year window, it changed the time to 15 years typically, the office of management and budget is one of the wonkier offices. Wonkier is a technical term these days lets go back to that memo it sounds a lot different than the angry letter than President Trump sent to the House Speaker yesterday. It seems thorough and thought out without a lot of color commentary what you are really seeing is the mood on capitol hill shifting when the house began the inquiry, they were very clear they were on a Factfinding Mission and they wanted to stick to the facts as this played out, youve seen sentiment harden on both sides youve seen poll numbers bounce around the middle not moving very much. Perhaps a slight edge to those who believe President Trump should stay in office. Really, the needle has not moved. You have seen the frustration boiling up inside the white house and capitol hill all of that will spill out on to the house floor in a couple of hours. You are talking about the move you mention the feel lets talk about some of the individuals at the center of this how can we expect folks like adam schiff and Senate Majority leader to take this in terms of their move for todays proceedings . We heard from the House Speaker that she wants to approach this prayerfully. She sent a letter to all of her colleagues to stand with them to say that no one comes to congress to impeach a president but that the moment has called them democrats really framing this as a moment in which they have no choice but to act saying that this is not something that they had preordained from the beginning of the election but certainly republicans have a very different view. They are arguing that democrats have had it out for this president from the beginning thank you for that update lets turn now to eamon javers we kind of know the house will impeach and the sen