Jet. A decade of boom or bust as our room to run series tackles the Energy Sector asking if a turnaround in 2020 could be in the books. And disney yields the power of the force in theaters today. All of that as Worldwide Exchange begins right now good morning and welcome im in for brian sullivan. We begin with late last night. The house of representatives historically impeached donald trump. Tracie potts joins us now from washington, d. C. We knew this was going to happen, so now what happens next thats the interesting question when is that trial going to get started . We are not quite sure. President trump says hes eager to clear his name but the person who holds the key to when that will begin is House Speaker nancy pelosi after the vote last night, what she said could slow things down. For only the third time in u. S. History, a president has been impeached. It doesnt really feel like we are being impeached President Trump at a rally in michigan aiming his ire squarely at nancy pelosi. Americans will show up to vote pelosi the hell out of Office Pelosi wont say when they will send the article to the house to try President Trump on abuse of power and obstruction of congress. She says shes concerned the republicans wont run a fair trial. The majority leader says it is okay for the juryman of the jury to be in cahots with the issue. The president is the smoking gun. You did it, now prove us wrong. You did it Republicans United against impeachment with three, then two democrats joining them the senate divided over to allow witnesses and new evidence the American People want to see what is in those documents the president is hiding. Im going to tell the president no to his witness request. I think what is best for the country is to get this behind us as soon as possible. That cannot happen until pelosi says it is okay saying that cannot happen before january in the last impeachment, those articles were sent over right away lets talk about the dynamics in the senate. What is the dynamic and theater going to be like there. That is what they are going to hash outright now what republicans want is to make the short. Get it over quickly. No witnesses possible to present a quick summary of the case and then you vote. Democrats saying that is not a trial. What you are seeing is long peaches from the democrats you heard some of the evidence that did not come up in the house and may not come up in the senate either. Some lawmakers saying they are not impartial jurors tracie potts with the latest on impeachment. Wall street trying to bounce back futures pointing to some modest gains. The s p would open by about 60 points, the nasdaq by by about 15 you can see yields ticking slightly higher. The 10year benchmark currently 1. 942 the twoyear, currently 1. 647 let us now go worldwide. If you look at the trade in asia overall, we have a mixed session but not too bad. The nikkei off the hang seng off and composit about flat the kospi flat as well looking at european trade, that shows a little bit of marginal gains and losses as well the german dax pacing decline. The ftse 100 relatively flat as is the cac in france looking at some other top stories we are following rahel solomon is here with those. China is making a list of tariff skpengss. The new waivers will go into effect december 26 and last one year covering six items, most of them chemical products. China remains silent on the phase one deal saying details will only be released after the deal is signed bank of england reported an unnamed thirdparty supplier had been sending an audio feed of certain meetings to external clients before that feed was available. Swedens central bank is hiking the rate from 0 percent from negative 2. 2 moving the negative policy for the first time in five years Officials Say the policy has done its stimulus work and negative rates are no longer needed countries still in negative rates include japan and switzerland. Other ones as well. There are questions about if that could happen here put that on the back burner for now. For now the impeachment dominating headlines today but will the news halt the markets current bull run bringing in our guest, a cnbc contributor. We are seeing the riksbank raise rates. Is the Interest Rate con deucive to the run i think the rate story is the biggest story of 2020. If the stock market is right, that will drive it higher. I cant imagine long rates in the u. S. , europe and japan will stay where they are. I think this tick up at 195 is really important to watch because if we do get a further rise in Interest Rates if what the r kirch sbank did in what they are doing, the rate story is a big deal just imagine what happens to those bonds by what comes out of zero in a debt addicted world that is dependent on low Interest Rates. That will be a test for equity markets. What is driving the move in rates higher in the u. S. And driving it for places like sweden elsewhere around the world. There is this home that brings back manufacturing and growth starts to go higher again. The riksbank is a big deal you have the japanese that want higher and long term Interest Rates. You have the possibility that just maybe in 2020, if europes growth stabilizes and maybe theyll get out of negative Interest Rates is the negative back drop in places like sweden, germany, japan con deucive to the negative Interest Rates higher i am of the opinion that negative Interest Rates does damage to your banking system. While it would be hugely disruptive getting back to zero seeing a sharp rise in Interest Rates. I think over time, we need to get out of this rat hole of negative Interest Rates. As this rate rises, the president will be less and less happy about them can the u. S. Economy be okay or move forward with rates gradually rising hell focus on the feds focus on the short end if it is a gradual move higher than we can adjust look at the housing, we can take those leg as way if the 10year goes to 2. 25 or 3. Not too far from where we were i said this in a note. When you wake up, look at where the 10year is that may tell you where the negatives go thank you very much when we come back, the good, the bad, the ugly side of rates in 2020. Hearing a little about about that dynamic the infamous funding secure tweet to the cyber truck, tesla has come a long way. Investors are taking note. And does disney have what it takes to make the rise of sky walker a member of the billion club before the end of the year. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. Thats a live shot. A little bit of ice maybe on those roads. Coming up on about 4 14 central time lets talk housing fannie mae predicts growth in Single Family homes is expected to jump 10 . Thats a massive move. Low Mortgage Rates and increase in demand. Lets break it down. Im joined by chief economy, a specialist in the Real Estate Market can we be more optimistic. We are inching back to 2005, 2007 again this is perfect a perfect setup with your guest in the previous segment. Falling rates are good weve had 40 years of longterm falling Mortgage Rates since 1981 and 18year or 30year mortgage where we are now are unchanging. This low rate environment creates a lot of affordability for the firsttime home buyer. That is good on the supply side, it disinsents moving. One thing i heard you could do is to tell them Interest Rates will be higher a week from now, a month from now, a year from now to be honest, thats why my wife and i bought our first home together is there a balance of where rates are now and how we can get people cat liesed. It is getting harder and harder rates for the past nine years have been somewhere in the 3. 5 mortgage rate. People are saying, rates are at this low spot. We see a reify boom each time the rates go down, the boom gets smaller and smaller. It is getting harder to convince people that they will be higher in the future. We are conditioned by almost 10 years of them being low and unchanging is there a forecast that these rates stay locked at low levels for years to come fannie mae and other are saying rates will stay below 4 the next few years is that good for the market and the Home Improvement eco system we would not be better off with rising rates. But flat or none rising are almost as bad. The exiting homeowner which is the vast imageon orimajority os homes to market. 10year is skyrocketing and will now be over 11 years what is the one thing you watch for . It will be rare rates move and some shock that drives them lower and brings them down towards 3. 5 and 3 if possible. The unlikely idea is if they go up which would be some what negative but remember, even at an 18 Interest Rate, people bought homes. My parents did. We make that decision based more on just financial incentives thank you for being here. Still on deck for the show, a weaker than expected outlook not enough to cheap this chips stock down that mystery stock revealed when we come back announcer todays big number, 8. 8 trillion. Thats how much the market gap of the s p 500 has gneaid since President Trump was elected. Thats an increase of about 44 . Thats what happens in golf nothiand in life. Ily. Im very fortunate i can lean on people, and that for me is what teamwork is all about. You cant do everything yourself. You need someone to guide you and help you make those tough decisions, thats Morgan Stanley. Theyre industry leaders, but the most important thing is they want to do it the right way. Im really excited to be part of the Morgan Stanley team. Im justin rose. We are Morgan Stanley. Looking to simplify your skin care routine without sacrificing results . Try olay total effects. 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Welcome back lets check some big stocks on the move we have microns latest results beating forecasts. They expect recovery in second half of fiscal year 2020 they have also received all of the licenses it requested from the u. S. Government to provide to its largest customer which is huawei in china. Shares of Herman Miller down sharply. Earnings did beat forecast but revenues did miss on orders. Those shares off 11. 5 in the premarket check out what is happening right now with tesla the stock is down a bit after closing at a record high shares have risen pushing the market cap to nearly 70 billion. Turning out a massive end of quarter push those shares again down after record highs yesterday still to come on the show what President Trump said to boeings ceo on the phone one daybefore the company paused its max production stay tedun, you are watching Worldwide Exchange here on cnbc welcome back im Frances Rivera with your News Headlines police in indiana have arrested dozens of demonstrators protesting a new citizenship law that is seen as a push against islam. A luxury yacht in miami burst into flames. The vessel was docked. It is considered a total loss. Crews had the flames under control and no other boats were damaged. The yacht belongs to singer marc anthony. All crewmembers are safe and he was not on board snow squalls threatening the city in. Another time lapse video shows what it looked like as it came over the hudson. National Weather Service began sending warnings about snow squals they can become dangerous within seconds. Hopefully you were spared across the river but you see what it did here in the city i got caught up in it thank you for that we head back to washington, d. C. Following last nights historic Impeachment Vote dethroned, how tech take overhas put energy in the corner and what if anything the sector can ou to break t. All of that and more as Worldwide Exchange rolls on. I. Sit tight. Yep, sit real tight, speedy. Cause youve got to call it in, Police Officer radio to dispatch. Type it up, hey, dispa. feedback ringing deal with that, dispatch. Write it up, walk it back, Police Officer slow down out there. And call hqagain. sigh siren blaring this isnt working. Introducing Samsung MobileFirst Responder solutions. With the galaxy note10, you can get Realtime Data at the scene, all on one device. Samsung business solutions. An historic vote to impeach the president. We are live with coverage of the fallout. Our room to run series rolls on with energy in the spot slight the sector was one of the biggest losers but could a rebound be ahead the house of mouse dominating the 2019 box office. Disney looks to add to a winning streak the new film second half of Worldwide Exchange starts right now. Welcome back to the show here is how your money and investment looks right now as we are half way through the 5 00 eastern hour we can see a little more green on the screen. The dow would open by about 48 to 50 points s p up by about four points and the nasdaq up about 10 to 11 we are seeing a rising yield and that is continuing today the benchmark yield on the 10year side is 1. 94 . The twoyear currently 1. 645 . It is set to be another busy day on capitol hill following the historic Impeachment Vote against President Trump. Lawmakers voted along party lines. Setting up along the trial and the Senate Congress still has two major policy items to tackle before the holiday break. We have Team Coverage out of cnbc this morning. Well start with you, what happened last night and what is coming up next no question the house would vote to impeach President Trump but the final moments were still filled with drama. Lawmakers booed or cheered the speeches and when it came time for the vote, members gathered around waiving their tally slips indicating how they would vote when the gavel came down, eruption broke out some republicans broke out in a chant of, four more years. Voting along party lines. Two democrats voted against them one republican voted opposed to obstruction of justice after nancy pelosi praised her members moral courage the house has acted on a very sad day to protect and defend the constitution of the United States to do so in a manner that was fair even though the other side was miss characterizing it. The house has not sent the articles over to the senate yet. There is questions about when and if that will happen. Wanting more clarity about what a trial will look like and is discussing those next steps with her members. Weve heard it described that the house acts as the prosecutors, the da, will you will when it comes to the senate, what can we expect in terms of the optics there senate manch ority leader says he is not an impart al juror and we should not pretend this is a political process. Because you are admitting that this would be a process and the president would not get a fair trial that is the article you could use to bolster over to the senate right away. With the latest play biplay thank you for that Congress Still has plenty to do before leaving town for the holidays what will be first on the agenda that is the midday vote that will be a stark contrast to better politics of impeachment that vote falling on party lines. That house expects not just to pass but to pass in a landslide vote adding in democrats provisions seeing them take in 3 billion in increased tariff revenue thanks mostly to automakers paying more at the border. That added to the trade Commission Report impacting that would add 176,000 jobs and add a third a percent to gdp one reason moderate democrats are pressuring mcconnell to take it up before the end of the year saying, quote, we have completed the heavy lifting and negotiations and will send you a bipartisan trade agreement saying they will likely not take it up before the holidays. Certainly, the house feels that it has done its job in passing it today increasing the spending bill. What is the time line for the spending bill look like. The senate has to take that up as well one question is how the president feels about that the expectation has been that