Frontiers for that sector in the new decade and facebook being called the new cigarettes for our society by the founder of salesforce. Com his critical take on the social media giant as Worldwide Exchange begins right nowe to exchange im dierdre bosa in for Brian Sullivan the second to last day of 2019, take a look at stock futures right now pretty much flat they are on track for a block buster year as i mentioned the s p on track for potentially its best year in two decades if it can squeeze out gains of nearly 30 . 29. 6 is the gain that we are looking at dow jones and the nasdaq also on track for a record year. Moving on to the bond market, the yield on the tenyear note currently 1. 912 lets go worldwide now in asia, markets were mixed in the last two days of the years investors awaiting updates on the trade deal and increasing tensions with north korea. Japan wrapping up its final trading day of 2019, down slightly, but the nikkei, that was up 18 for the year and what a turn around from last year when it was actually under water by more than 10 let ees take a look at trade in europe it is slightly lower, the german dax trading down by about half a percent. The ftse down by one third of 1 these markets also in line for a very good year, so investors perhaps taking a little profit off the table. Lets look some of the other top stories were following this morning and rahel solomon joins us with those. A lot to get to this morning. So wework will reported will have to pay close to 17 million to its koechief executives as part of exit packages. So this is according to the financial times. And the agreement was negotiated amid the companys bail out by softbank the ft says that the two will receive more than 8 million a piece if they are fired or if they leave for a number of reasons. Meanwhile, weworks chief legal officer will receive 1. 5 million under those same circumstances. Overseas, regulators in egypt signed off on ubers 3. 1 billion deal to buy a regional rival. Uber offered a set of commitments meant to reduce harm to competitors the deal is expected to officially close next month. Turning to oil prices, theyre hovering at threemonth highs this morning thanks in part to optimism over the expected u. S. China trade deal investor also keeping a watch on the potential fallout of u. S. Air strikes over the weekend happening in iraq and syria and happened against multiple weapon facility linked to iran. Additional actions may be taken. Back to you. Rahel, thank you very much. Turning back to the markets, stocks trying to keep the yearend rally rolling into 2020 gentlemen, thank you for being here bright and early. Thanks for having us. Now, the street pretty optimistic after next year after a block buster year. Theres two days left. So what do you do next year . Obviously no one is predicting the games will be as big next year but what do you do in terms of your money . Are you diversifying more into oth other assets that didnt perform as well in. This was a titillating year for all investors. You could argue this is the best year of the entire cycle with essentially both fixed income, International Stocks and u. S. Stocks doing really well you look at why that happened and its because one recession did not occur that many people feared and fed fueling a lot of these asset classes. Going forward those factors probably arent going to help as much it will go back to plain old Earnings Growth, plain old Economic Growth especially if manufacturing can bounce back, other economic stories can bounce back and if that can occur, maybe we get about 5, 6, maybe 7 Earnings Growth probably not the 10 Earnings Growth james mentioned Earnings Growth and valuations have crept up this year so are we going to see that come to fruition next year, the fundamentals going to be there i think so. We look at these surveys coming out of europe, were starting to see optimism there welcome further upside for earnings outlook coming into 2019, expectations were maybe well see 10, 11 gain were practically at 30 i think that right now everyone is being a little conservative, myself included, in targeting what were going to see as far as equities growth for next year and probably could be surprised at the upside. Conservative would mean single digit gains, right . Yes. So lets talk about the concerns then could markets be complacent u. S. china trade war may have eased. What could throw off next year yeah. So we do think there is some complacency here last year you had a recession in expectations which of course did not play out the way many people had feared it would last year. This year its kind of swung the entire direction all together. A lot of what you saw this year was just multiple expansion, valuation striving a lot of what you saw with all the returns around the world where we are now today is that very few people expect a recession over the next 12 to 24 months very few people expect a pull back in the market and of course that is unsustainable. So i think it goes back to what you just mentioned that you probably will get back to probably by single digit, high single digit expected return and of course that goes back to what happens with Earnings Growth and Economic Growth around the world, but we should really be rationing back those expectations from a stellar year. I spent most of my time in San Francisco so i have been looking through a different lens, some of the most ap tis pated ipo names to go public havent performed quite as well. This year was a tough year for ipos we had many disappointments and i think youre going to see as markets have shown some signs of stabilization youll see other Companies Want to come to the markets. I think that theres growing risks to the outlook for ipos. We need to see revenues. We need to see profits sooner than later you cant have this bucket wish list of promises and expected growth down the road you have to be delivering results sooner i think thats going to change the way ipos are unveiled in the future yeah, theres names that have to go out. We still have a bunch of unicorns that have been private for much longer than in the past we used to see them go private. You have this interesting dichotomy. At a macro level, you have all this private Capital Private investments has been this huge growth area for the Asset Management industry and for good reason. You cant be looking at the Public Markets especially with the privathave been run. To your point about the ipos for this year and clearly the issues around softbank and wework a lot was about getting eyeballs and transparencies in the company and not focussing purely on top line numbers but to think down the line of profitability. Clearly theres some dynamic thats going to shift in the Startup Space especially close to ipo but we still expect a lot of private money to be in the space over the next few years. Do both year models anticipate that President Trump is going to serve another term we dont make election forecasts per se, what i would say about elections in general is that president s get too much credit for the economic situations and the markets that result from that and vice versa as well when markets go the other direction. Ed, what about yourself not necessarily will he be reelected but if another democratic candidate particularly more left wing one does win the nomination, does that throw off your prediction for next year . Election uncertainly will play a huge role there are surprises we could start to see unfold closer to match when we have more one third of the pop list start to vote youre probably going to see a progressive not get the nomination buttigieg, biden will probably get the nominee. Biden maintained a strong lead in wisconsin, iowa, michigan and pennsylvania if thats the case, these are the battleground states. We might see the markets price in possibly a little risk that a democratic could come out. If thats the case, that might hurt some of this growth that everyone is targeting. Certainly an exciting year to look forward to. Gentlemen, thank you very much for being here ed and james. Thank you when we come back, tesla lays out its road ahead in china with the companys model 3 officially makes its debut there. Plus a Service Outage by twitter. Currently blocking the president from naming the whistleblower. And later, risks to the longest economic expansion in our nations history the potential hurdles that melee ahead in the next decade a very busy hour when Worldwide Exchange returns. Good morning youre looking at a shot of times square new this morning, tesla achieving a major milestone in its effort to build its own cars in the worlds biggest auto market, china. Rahel solomon joins us again with the details major achievement, 11 months. And ahead of schedule tesla started delivering model 3 cars from shanghai factory so that is a record for any global auto maker in china tesla previously imported all the cars that it sold in china and said it wanted to start deliveries from hang high before the lieu mar new year which starts january 25th. The Company Plans to ramp up deliveries next month, so tesla priced the china made model 3 at 366,000 or 50,000 dollars before subsidies and comparison, imported model 3 starts at 439,000 for the longer range version and the standard model costs under 40,000 in the u. S the Chinese Government has been supportive of the shanghai factory. The first fully foreign owned car plant in the country the plant is part of teslas plan to boost its presence there and also reducing the impact of the u. S. china trade war they held an event to mark the delivery of 15 model 3s and all 15 went to tesla employees who had bought one including this man who took the opportunity to propose to his girlfriend as we can see here, he filled the front trunk with flowers and hopefully she said yes do we know . He looks like hes still smiling and she looks like shes into it, so im going to surmise that she said yes and he has a nice fancy car to start their new life with. How can you say no . A tesla withthe front trunk full of flowers . Nothing says romance like that. They like to do things fancy in china jack would do the huge wedding ceremonies at alibabas anniversary. Very china specific thing. What an amazing achievement. Tesla and opening its factory in china first as you mentioned, fully foreignowned one. Quite the achievement in china and were expected to get deliveries for q4 later this week, could put tesla in range of its fullyear guidance. Yeah. Couple big wins for elon musk. Again, Chinese Government is on board, ahead of schedule good news to end the year with. Tesla up nearly 30 year to date it could be a good year for the company. Achievement for elon musk. Still on deck this morning, from c suite shakeups to new trends, predictions for 2020 thats up next. The Star Wars Box Office haul continues to rise over the holiday weekend. Details whether disney will have another billion dollar film before the years end when worldwidexcng rur ehaeetns beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. 2019 marked a year of big shakeups for the Restaurant Industry here is more on whats ahead reporter from tech yields to c suite shuffles, 2019 was a year of change for the Restaurant Industry. So what will restaurant bs serving up in 2020 first, Technology Takeover restaurants are becoming increasingly techfocussed to speed up and personalize service. Mcdonalds, starbucks and yum brands all made acquisitions or investments into Tech Companies this year. Anl alysts say this will contin. Second, delivery wars pick up. With more Companies Getting into the delivery game, competition is increasing not only between restaurants looking to entice customers but between the delivery platforms third, menu innovation continues. New menu items had the internet buzzing. Expect that to continue into 2020 as well as more collaboration between alternative Meat Companies like beyond meat and impossible foods. Now, one thing is for sure, competition between all of these companies will be fierce for menu pricing to mobile apps to delivery partnerships as consumers continue to spend in a big way. Mcdonalds still doesnt have a plantbased sandwich. They were testing in canada with beyond meat, of course, burger king has the impossible whopper and mcdonalds also got into the chicken sandwich, premium chicken sandwich a part of the warlater, so they had a weaker than expected earnings report. A lot of analysts said you missed it. You sat it out youre the biggest restaurant chain in the world i mean, they will be getting in this year obviously, but is it too little too late . Why are they waiting . A lot of analysts say they would cannibalize their own supply chain you have to make sure beyond meat would have enough to get you through. The impossible burger did run out. The same thing happened with popeyes. It creates a lot of buzz wow, its really good. But it does matter and consumers could be frustrated if you dont have enough. I cover this from the uber eats door dash side of things, i got an email from sweet greens saying they are going to do delivery. They are. Are more Companies Taking delivery into their own hands . Why go away from the simplicity, the ease of uber eats and the door dashes, those take rates going up well, that whole landscape is going to be so interesting im sure you may believe the same there may be some consolidation between some of these companies. Dominos is the first one to take this inhouse and do that whole tech pipeline. On the own, youre seeing companies doing that but we have seen companies that have done it themselves or gone at it with just one partner start to open up now like mcdonald was only with uber eats and now theyre partnering with other carriers. So i think companies are looking out and seeing what makes the most sense for them. And if there is consolidation on the back end with the Delivery Companies thats great too sweet greens is so much smaller, too. If you do it that way, you have more control over your brand the quality, the delivery. Thats the dominos mentality. We want control all the way through the process, this is our product, our people are delivering it and no one else touches the food other people have grown very quickly with multiple partners. Interesting to see how that shakes out thank you. Still ahead, the u. S military carrying out a series of strikes targeting iranianbacked fighters. Plus, one of the most watched matchups goes down to the wire highlights from the Niners Seahawks game next on if you listen to the political debate in this country, it sounds like we have a failed society. But nothing could be further from the truth. Americans are compassionate and hardworking. We arent failing. Our politicians are failing. Thats why im running for president. To end the corporate takeover of the government. And give more power to the american people. Thats how well win healthcare, fair wages, and clean air and water as a right. Im tom steyer and i approve this message. Looking to get your business off to a fast start in the new year . Its go time switch to comcast business and get fast internet on the nations largest gigspeed network. Plus, complete reliability with 4g lte backup. And, cloudbased security to help protect the devices on your network. Greenlight your business in 2020 with fast internet and voice for 64. 90 per month. Switch now and get a 100 prepaid card when you add comcast business securityedge. Call today. Comcast business. Beyond fast. Happy veterans day. Happy veterans day. Happy veterans day. Happy veterans day. Student veterans of america champions those who have served and also prepares them for their next chapter in life. Please take a moment this this veterans day to remember service members, who put their education and careers onhold to give back to all of us. We thank you. Feliz dia de servicio. Happy veterans day. Happy veterans day. Please visit studentveterans. Org welcome back lets get a check on this mornings other headlines. Nbcs Francis Riviere with the latest. Good morning. We start in texas where police are investigating a Deadly Church shooting just outside of ft. Worth. Two parishioners and a gunmen are dead a live stream shows the shooter approach someone and then pulls out what appears to be a long gun before opening fire on two people then another church goer pulls out his own gun and shoots back. One of the victims has been identified as Anton Tony Wallace a deken of that church. The Jewish Community is in mourning it happened during a hanukkah celebration at a rabbis home in new york a 37yearold man walked into the house and started stabbing people he has been arrested and since pleaded not guilty new yorks governor is calling it an act of domestic terrorism. The u. S. Has showed force in syria. The pentagon says f15 es targeted weapons and ammunition depoted linked to iran the u. S. Is assessing whether there was any casualties on the ground the Associated Press named Serena Williams the top female athlete of the decade. She won a dozen grand slam titles and king james reigned as the greatest male athlete. Lebron has taken his teams to eight of the last nine nba finals, winning it all twice with the heat and once back home with the cavs. Those your headlines. Thank you im suremany will debate the athletes of the decade those sound right to me. The final game o