Nasdaq on track for the best performance. Dow futures indicated up about 34 points and gains for the nasdaq and s p futures treasuries, the 10year has finally hit 1. 9 exactly been watching for that a long time above that yesterday. Looking at it as the economy has shown some pretty strong signs. Now we do it in tens. Normally we wait for 3 . The volatility we talked about that. The inflation volatility is really low he thinks that why multiples have stayed so high. It will take years of inflations coming back. Multiples can stay where they are. This just happened well bring it to you. An Iraqi Security source telling nbc news that demonstrators have stormed the u. S. Embassy in baghdads green zone they have used tear gas grenades to try and prevent them from moving inside the compound hundreds have gathered what we saw. Some saying it was about time that some of the air strikes killed fighters from iranbacked coalition from operating in iraq a big piece saying finally we are addressing some of irans activity ramping it up. There had been a take out from the week before saying saudi arabia has changed how it sees People Administration had talked very tough. As a result, he was changing the way he operated trying to neighbor have a less contentious relationship with some of those enemies. A lots of people are bullish about 2020, just in general. Good economy rates stay low trade may be a little more on the back burner. One of our guests said, it is not the unknowns we need to worry about. The unknown unknowns it is like yogi barra. It is not the unknowns its the unknown unknowns. We know about the unknowns it is the kim jungun nobody knows what is going on with him. Supposed to be a good year for oil. Normally, it is high Single Digits so well see we should tell you also about some pro democracy protesters. Staging new years eve rallies plo police plan to deploy thousands of officers. Carrie lam says the unrest has caused sadness, disappointment and rage im torn ghosn ghosn, gone. Ousted nissan chief has fled house arrest in tokyo. He landed in lebanon people say how did he get there . He was known for private jets. This would violate strict court opposed movement and lebanon does not force. He says, he will no longer be held hostage by a japanese unjust system. All three of his passports are still held by his lawyers. His lawyer called his behavior inexcusable. He somehow went to turkey first. He was first arrested in tokyo last november on charges of hiding income and enriching himself. Nissan fired him after investigations revealed he had understated his salary you saw that mask. Thats what is with confronted with in make up today. With good reason today. You are sick. Good reason. I think it is okay by now i hope. Tamiflu is a wonder drug. You can exist. It lessens the duration and severity it is pretty harsh. It has its own side effects. It does you are not supposed to drive a car. But anchor a show. You should watch today you really should. So carlos ghosn, he gets out and gets to turkey that is the bigger question. Obviously he went on a private plane but to not have a passport i see how you could do that. Hes been very frustrated there were a lot of things that shed some light on the Japanese Justice system where you have 99. 5 of charge of guilty in these things whether he earned the money or came about it one way or another, he learned a lot of money and there are places where many will allow to you get through somewhere this is one of those cases, i would think. You have the private jet. I dont know about japan but certainly, there are a lot of countries in the world where money talks. We should tell you about teslas new shanghai factory producing 1,000 cars a week or 28 cars an hour. Tesla broke groundless than a year ago and started delivering cars during a ceremony in china yesterday. The stock is down. Electric car news. Ford says the First Edition of the highend electric mustang has sold out no longer taking any preorders you can still order the mustang mache it is like a cross over. Who buys sedans anymore . Suvs uber and post mates are suing california over legislation that would force them to treat their drivers as employees instead of contractors. The suit aims for protection and duel process and carves out exempt for others including travel agents, Truck Drivers and commercial fisherman uber has been fighting this. It would completely change the Business Model for any of these companies if they had to pay their workers as employees it is probably more nuanced. There are some uber drivers who are absolutely employees others are doing this as shift work if you dig through to figure out who is an employee and who isnt, there is probably a more nuanced way of trying to figure that out we all benefit from them not paying their employees a fair wage, i think they are still not making money they are never going to make money. They go back and forth undercutting each other. Your 20 fare will be 40. I think there is a more nuanced answer to this if you are an employee working 40 hours a week or more, you should be treated like an employee okay. So they require that and then they leave california so you are back to cabs its like air bbn. I understand a lot of employees are willingly accepting the terms the way it is right now thats an argument for saying minimum wage shouldnt exist it certainly shouldnt be National States shouldnt have that. States do but there is an argument for the 10 million to get their raise, two Million People lose their jobs i understand the argument you think price controls are going to happen . No, i dont it is wage and price control. Just like you tell andrew on begun legislatio gun legislation. Election someone and change the law. Where is he hes out somewhere. Im sure hes not watching hes not doing a sit in no. Hes on vacation to be clear, that was not yoggi bara it is done ald rumsfeld. Yogi said predictions are hard especially about the future, which is genius. Nobody goes there its way too crowded i like that we always say Going Forward. Why . We already know what happened going baby ward. Coming up, get ready for the final trading day what are you laughing at . You he knew my record on my bets. Are you above or below 500 im hanging on by a thread i won both games yesterday and im back to 116 but im still on my original just dont put any money in today. Ive got my pick. U. S. Equity futures are up 23. What do you think . How much will you bet if you lose this game three games, im going to bet 30. Well talk strategy and later much more on ousted nissan chairman carlos ghosn who has fled house arrest in japan and landed in lebanon. Well talk to the wall street journal reporter covering this gambling is legal in new jersey. Just in case you are wandering announcer todays big number 62,330,000,000. Thats how much companies raised this year by going public. The highest in five years but well below what analysts were expecting. Their values are why i walked away from my business, took the giving pledge to give my money to good causes, and why i spent the last ten years fighting corporate insiders who put profits over people. Im tom steyer, and i approve this message. Because, right now, America Needs more than words. We need action. Some things are too important to do yourself. Get customized security with 24 7 monitoring from xfinity home. Awarded the best professionally installed system by cnet. Simple. Easy. Awesome. Call, click or visit a store today. Welcome back the final raiding day of the year and the decade. Check out the Top Performing dow components the catch is most of these stocks joined the index during the decade apple leads the list up 868 over the last decade United Health up 864 . Visa up 759 and home depot with gains of 651 and nike adding 510 the bottom five, again, we should say these are the bottom five not considering the ones that already got kicked out of the dow. Ibm up 1. 5 . Exxonmobil, goldman sach and chevron and walgreens boots with 60. 4 . Joining us now to talk strategy and what you should expect in 2020 and the head of multiasset strategy at ubs Asset Management pretty phenomenal year what do you expect in 2020 it has been a great year but we cant forget that we had very cheap valuations coming into the year it is a bit artificial if we look yeartodate if you look back at global equities, they have not really gone anywhere for two years. U. S. Equity have. Certainly the break out for the quart has been really strong looking around the world where the value is we think investors are going to look for International Markets to catch up. Thats kind of how we are more focused going into 2020. A lot of that is looking at the economy here and around the globe. It has been a great year. We did a 180 in the economy. The fed raised rates a year ago. Today, the fed did their pivot they cut rates three times Economic Growth came in above expectations in 2019 we got some pretty good momentum going into 2020. Housing is one area that may be a surprise to the upside as analysts estimate new home prices and economy new turs gains around the globe and not just in the United States next year . Is. We have been hoping that. If we do get a more sun stan sh substantial trade deal, the chinese auto sector, if that were to turn around, it would help thats a lot of ifs. I would like to see it happen. My gut tells me that is something that might happen later in 2020. We might need it then. The second half of 2020 is a mystery. We are heading into the economy to kind of chill out and we see that growth tends to slow a bit. It is your call the markets will outperform. How will the Global Markets do us equities will go up. You could get double digits. In general, look, we have a fed that will remain quite easy throughout the year. They are doing that whole inflation framework. We expect earnings to rebound with the economy in general, we think it is a bit of a goldilocks environment. You arent taking any money off the table and you might put more to work here . The surprise is that we may get even better. Everyone is coming in saying, we had such a good year there is only so much further stocks can go. We have a very positive macroand policy environment that sets the tone for further gains not at the speed this year you are a ziran guy you listen to both guys and decide what are clients supposed to do where is he in 2,200 for the year i think hes around 3,000 hes moved up in Asset Management, we have a different investment process he this gave me the song and dance about one was institutional and the other retail turns out that retail has been right i can lose money yourself i dont need help. My account is out at ubs i should say that. Ever since running General Electric im a member of the family so you only can talk about things if you are part of the family absolutely. It is just tough love jeremy has been right he has. He doesnt come on anymore because hes mad well. We can only hope. Jeremy is my friend he lives in my town. Hes got an open invitation great to see you guys happy new year, by the way this is reamly illy it i forgot until i drove in here and i couldnt get in here i wont be here tomorrow. I wont be here either. I like being here. Me too. But stay back with your germs. When we come back, your report card for hedge funds in 2019 well talk perform and and farewell to the funds that shut down stay here and squawk box will be right back. Apple card. Is a new kind of credit card, created by apple, so its simple and transparent with a new level of privacy and security. It lives here and here. And it will save you 6 on products at apple; like iphone, apple watch, airpods pro and so much more. Apply in as little as a minute, right in the wallet app. Apply in as little as a minute, when you have nausea, heartburn, indigestion, upset stomach, diarrhea. Try pepto liquicaps for fast relief and ultracoating. Nausea, heartburn, indigestion, upset stomach, diarrhea. Get powerful relief with pepto bismol liquicaps. The Hedge Fund Industry saying good riddance to another painful year which saw more and more funds shutting down the hedge fund playbook for 2020 reporter new rules are key themes more truces. Elliott settled with at t in october, it did so in a unique way. Proposing several changes watchers say these settlements will not become more popular making these things lower. Fewer proxy fights there were only nine proxy contests reaching a vote that is less the norm over the last six years lastly, new rules. The sec is looking to enact new regulations of proxy Advisory Firms which advice investors on how to vote on governance issues these new rules make it easier to fire on reports frmt karl icon say it makes it even more difficult to practice asset investing. When we come back, well tell you dont you think john vogl is laughing somewhere yeah. Only because it has been a good year the passive aggressive passive investing is being active. The s p is better than these guys they buy a hundred Million Dollar apartment in new york its easy nothing is easy. It is not easy to beat the market over an extended period of time. Only a handful of people can do it coming up, how the tariffs will affect your favorite wine or beer. Squawk booze news is next. And well talk bank stocks that could make you money in 2020 a look back at the big per f performance. Bank of america up 42. 65 . Lets look at yesterdays s p 500 winners and losers flush good morning welcome back they are playing all these songs in honor of carlos ghosn at least we dont have that foreboding sound welcome back, live from the Nasdaq Marketsite in time square tonight, here. You already cant get in here unless you walk. Is that why i had trouble getting in i had trouble every year. I forget this is the day you dont drive. Crazy. What a great team. S next day, its all cleaned up. You will see one or two pieces of confetti if anyone tonight needs to use the rest room, you can come here you better not offer what you cant do no. Do not come here where do they go what do you think it is called depends. Thats what people do out there. You cant go to the bathroom you are locked out there six, seven, eight hours nice warm feeling temporarily thats gross. It is going to be wild tonight i have no desire do that do you no. Im here every day i dont even want to wait inside here and watch from this advantage point. There will be plenty of people this will be a big one in 2020 it is the end of the decade okay did you know there was no 0 a. D. It went from 1 b. C. To 1 a. D. If you had a problem, you have to go back to the fifth century, which was actually the 400s. Are we in the 20s seth century not . 21st century. There is some dispute about we are rolling into a big round number the Third Millennium started. Fine. Technically you you are correct. Tonight, you may be toasting the new year with products that have been hit by tariffs or are about to face tariffs. We have some booze news. Reporter not even to mention your plates. It could happen in about two weeks when Trump Administration could slam 100 tariff on french wine and cheese over frances tax on big tech in addition to 25 levees related to an aircraft dispute that already targets other european wines, whiskeys and your favorite after dinner drinks. Companies are already having to grapple with those changes each company and distiller is grappling with this differently. Some are eating the cost and passing it down all the way through the retail chain and impacting the consumer it is critically important particularly during this time of holiday selling season get these matters resolved more than 300 companies have been commenting since the trade representative have been unveiling these moves over the year a vast majority of these have been imposed writing, quote, the damage that will be done to our business and the businesses we sell to will happen swiftly and if and when the tariffs are removed, it may take year sts to recover or may be impossible they have been negotiating before many argue that it is the champaign consumer paying higher prices that they are not exactly worried about. I had talked to a wine editor saying, okay, is this good news . Potentially. Potentially they would be there. And thinking it would give California Wineries room to move and still be competitive right not to mention the additional retaliation to come from europe. Last year, europe put tariffs on american whiskeys and bourbons and those fell the french have a lot of pride in their wine and say they dont import California Wine it would be hit if that retaliation came pass. Thank you coming up, a pulse check on financials the Banking Sector doing quite well almost in line with the Broader Market which would be surprisingly well because it was 28 . Well talk about how the biggest names look positioned heading into the new year and well talk more about Carlos Ghosns run to lebanon while awaiting trial in japan. Stay tuned you are watching squawk box on cnbc i love the new myww program, because its tailored to you take the personal assessment and get matched with a proven weight loss plan. Find out which customized plan can make losing weight easier for you myww. Join for free lose 10 lbs. On us. Financials are better than expected in 2019 with help from the feds three Interest Rate cuts a growing economy has returned 28 almost matching a p performance of the s p joining us, you know so much about the ins and outs wolf was here yesterday. I saw wolf. He gets noticeably excited for me, its overwhelmingly feeling of dread just boring, complicated he loves it. Do you get excited every quarter when the period is up. We try to find something exciting an meaningful for investors. You need to be excited. You got 10 reasons or 10 things to consider. I want to ask you about the first one. What do you mean, America First will drive large bank and performance in 2020 . What is that is that the trump policy of nationalism versus globalism i love the question america has