And no buffett sharing the deal of the decade. All as Worldwide Exchange begins right now good morning happy new year welcome to the first trading day of the new decade. We are seeing some upside. This will be a slow trading week low volume is what we are seeing we are getting ready for a slightly positive open for all of the major indices closing out a record year. The s p and nasdaq coming off their best annual gains locking in 28. 8 for the s p 500 nasdaq the best year since 2013 up 35 for the year. Top stocks would be amd up 128 . Lets check on the bond market, the 10year currently trading at 1. 937 it wasnt just a good year here, it was a great year for global markets. Lets go worldwide now standing by in london with a recap of the global markets. Lets take your attention to markets there. A couple of catalysts there. China announced that they are cutting the triple r rate. It releases up to around 800 billion. Extra liquidity being pumped into the system. Shanghai composite up. The shenzhen up 1. 9 last year, up roughly 23 . Shenzhen up 35 . Really strong gains in these chinese indices. A lot of focus on the trade war. It has emerged that there will be a signing ceremony to take place january 15 another positive catalyst. We have the hang seng index. This market in hong kong has been under a lot of scrutiny because of the demonstrations and those continued over towards new years eve some demonstrators have been arrested what about europe . Taking your attention to the majors in europe a very strong year we spoke about. Ending up about23 similar gains to what we had in the composite. The uk ftse 100 up one percentage point firmer. Some of the minors are reacting quite well up about 8 up about 1. 3 bers. One of the big gainers is airbus up about 3. 25 percentage points. The italian index up 1. 2 . We had the final eurozone pmi manufacturing numbers came in slightly higher than expectations bester for italy, better for france and germany we are only about one hour into the trading session of what will be a very, very long year. Just at the start certainly over here, investors will be looking at u. S. china relations. President trump will sign a trade deal in a white house ceremony on january 15 details of the agreement remain scant. The president planning to travel to china for the phase two talks in the coming months if there were ever a story to bleed into 2020, this would be it how great that we have you here in person for the start of the year it is going to continue to dog the markets because of all the uncertainty. State media hasnt made a peep that there is going to be any kind of signing on january 15. That is something to watch another thing to watch is what is happening with the economy. We have more disappointing data. The pmi is a survey for private smaller companies. It showed it wasnt really good. 51 51. 5 versus 51. 8 new records are zroping and what people are looking for now is how the economy will shape up for 2019 on january 17 when the gdp number is released underscoring the agilities and stabilizing the growth there are a lot of reasons because they do see the slow down a long time ago, china made a promise they would double the gdp from 2010 in 2020. They made a big deal about that. President xi said it once again. The expectation now is that the government will want to stabilize growth especially when it has all of these other geopolitical issues on their plate. Another reason why there is a big believe that china does want this truce and does want this trade deal to go on. We havent heard a whole lot they will want this signing. The intention is there. We are heading into the Chinese New Year as well. The spending is still there it is like christmas you have to buy things, you have to eat a lot of pork still a lot of spending that will go on even before i left, coming here. The cash crunch and the discussion is really big right now. We saw moves the other story that was pretty interesting is the i dont know if you saw this one, they were reporting that china is going to halt the stock connect with london and that there have been a lot of discussions about maybe that is going to happen because geopolitical issues are on the rise. Thank you we were in beijing at the same time living in the same complex. It is so nice to see you thank you lets look at some of the other top stories we are following happy new year lets do overseas now as protesters rallied police used a water cannon, hundreds of demonstrators were arrested in all, they say they made 400 arrests on new years day. Steven mnuchin will lied the forum joined by wilber ross and lighthizer you may remember it was reported that President Trump was intending to be there after scrapping plans last year. Apple has penned a deal with uk chip dealers. This deal will give apple access to a pretty wide range of the deal when we come back from the break, new details from half way across the world the wage wars hit seattle. Hitting main street with what Business Owners are saying a disney plus show case shakeup. Yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. 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. Got to be loving the Canadian Music this morning looking at the top s p stocks of the decade look at that, netflixs in that top spot up more than 4,000 over the last 10 years the question of course, can it repeat that kind of performance or anywhere near it. Facing a ton of competition. New details emerging today over how former nissan chairman ghosn managed to skip bail in japan and escape to lebanon. So much intrigue. What a way to kick off the year something out of a movie. Apparently, we are learning the plan to slip carlos ghosn out of japan was reportedly hatched over a heard of about three months he was smuggled out by a private Security Company on a private jet first to istanbul and then to beirut. The pilot was reportedly unaware of ghosns presence. He and his wife are staying at a close familys house ghosn was greeted by lebanons president. Thanking him for his support the reports say lebanon had pressed for his return about a week before he escaped saying no need to take matters because he entered the country really even though his lawyers are holding his other three passports. Lebanon has no extradition with japan. He had four passports. He was allowed to keep one of those as a condition of his bail it was supposed to be held in a safe clearly he had access to it. This is a story that is far from over. He has said he will be defending himself and talking to the media in weeks ahead the focus will shift to the japanese legal system. How he could have gotten out and why he was allowed to keep a pass port and could raise questions and be an embarrassment. I think it is a black eye and it depends on who you are asking we heard him say he wasnt escaping the rigged justice. There is a good editorial siding with ghosn saying the evidence was merky and japan doesnt have good corporate transparency. A busy year shaping up for washington as new funding members make it to the cnbc news room and seattle has been at the forefront. Announcer todays big number 976, 976,308,000,000s that how much the Market Companies of plape, microsoft grew over the year the two companys total gain in 2019 or the famed peaks of whistler, youve faced the hassle of lugging your gear through the airport. With ship skis, youre just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. With unrivaled pricing, real time tracking ship skis delivers, hassle free. 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Thank you guys looking at a live shot seattle has been at the forefront of progressive minimum wage increase phasing in a 15 an hour minimum wage by 2021 and given proponents of both sides of the issues evidence of pros and cons to hiking wages kate rogers went there to find out more reporter seattles minimum wage hikes made chat mckay reevaluate his Business Model all together he has long paid above minimum wage both front and back house to attract talent. We projected out the minimum wage increases, the loss of what would be considered a tip credit and realized wed be functionally bankrupt if you fast forward the ceo of fire and Vine Hospitality nearly doubled in size thanks to moving to a Commission Model adding a 20 commission. Today, the company has 600 employees and 12 locates servers can now pull in between 70 an hour or more. Dish washers can pull in 17 an hour i havent worried about minimum wage since we left behind minimum wage as an issue for our Company Partner at Tom Douglas Seattle kitchen says hes getting creative in terms of scheduling and paidleave there is a tall enlt crunch being felt despite offering pay above the minimum wage it looks like for our company, we are looking at models of restaurants that take less labor weve had to reengineer some is so they are smaller. Growing for years the number of restaurants is up 5 with annual sales increasing 20 over the same period seattles job growth has outpaced the state of washington as a whole so too has homelessness by 11 when johnson first arrived in seattle in 2018, he was camping along lake washington. Today, he works three temporarily jobs at the stadium, as a janitor at costco living in the city is out of reach. When you are down here, you are getting 15 to do the same work you feel better about yourself you feel appreciated you can take care of your family more. Beyond seattle, the federal minimum wage stands at 7. 25 an hour the Congressional Budget Office estimates such a move could boost pay for as many as 27 million lowwage workers but also cause mimones of people to lose their job you see the affect amazon has had on the city. Property prices. You talk to the gentleman that couldnt a forward to live in the city we were talking about washingtons economy doing so wrel you see it in new york, San Francisco now. Very expensive, very high cost of living areas. We dont quite know what a 15 an hour would look like in the middle of the country where things arent necessarily as expense give it would give many a big boost but also reduce jobs some reports basically saw workers pay increase if they were already working minimum wage job and others saw hours cut. We are still early on. Many people look to seattle because they were at the forefront. Im looking forward to the rest of the series thank you for that straight ahead, the push to raise prices on more than 200 drugs in the u. S. And how tesla is kicking off the new year on a bullish foot Worldwide Exchange is back after this you can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Beyond the routine checkups. 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. Welcome back. Futures set to surge the dow set to open higher if the indication holds the s p 500 set to pop nearly 18 points 2019 may have been a year of records for wall street. When we come back, well talk about some of the worlds top Money Managers who are not convinced that 2020 will be more of the same. Worldwide exchange is back after this 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. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. 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 unparalleled landscape of park city, or the famed peaks of whistler, youve faced the hassle of lugging your gear through the airport. With ship skis, youre just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. With unrivaled pricing, real time tracking ship skis delivers, hassle free. Ship ahead and go catch those first tracks on fresh snow. Ship skis. Your skis. Delivered. Investors are set to kick off a new year of trading. The Trump Administration reveals a new aim at vaping. Thanks but no thanks Warren Buffetts decision to turn down the chance to buy tiffanys as the second half of Worldwide Exchange starts right now. Welcome back a very happy 2020. Im in for brian sullivan. Lets check at the headlines outside the world of business with frances rivera. Good morning and happy new year. We start this morning remembering an alltime yankees legend don larsen has died at the age of 90 years old. He pitched the first and only world series no hitter and perfect game in 1956 the yanks went on to win the world series he took top honors he won another league with new york and then was shuffled around the league. Nba commissioner david stern has died at age of 77. Credited for transforming the league under his leadership, the league launched seven new teams the u. S. Embassy in baghdad is secure. Using tear gas before demonstrators dispursed. No reports of any injuries in that assault here on this second day of january and hopefully on the third, youll get your voice back i have my fingers crossed disclaimer it is not from partying thank you for asking that. Lets look at how stock futures are looking half way through the 5 00 a. M. Hour set to close out a record 2019 and kick off a new year. The s p 500 looking to open if these implied numbers would stick. The dow futures surging 166 points still below that 9,000 mark it hit last week. The s p announced they are coming off their best annual gain locking in the gains for the nasdaq top stocks for the s p in 2019, amd. Lam research semis were a big theme taking a look at the bond market the 10year yield at 1. 982 . Wrapping up the first of their year japan had strong gains from last year ending its day in negative territory. Both saw gains of more than 1 lets also take a look at whats happening in early trade in europe european markets also started the year off ftse 100 up, the cac up. Looking at other top stories we are following. Tesla is saying it is set to deliver a second round to customers. The delivery will happen on tuesday at an event at a shangh shanghai factory these customers are not like those. Set to place a ban on flavored vapes. Trump is expected to formerly make the announcement tomorrow big pharma has running in the new year by raising prices on more than 250 drugs in the oous. Bristol meyers and elliott sciences and biogen are among those maybing the hike that has been a very hot button issue. Ill send it back to you President Trump looking ahead. The president says he will sign that deal at a white house ceremony john an 15 with as he says, high level representatives of china President Trump adds he will travel to beijing at a later date according to reports, he will push to more concessions from china. Wall street keeps posed to raise the gains. Rolling into 2020 at first, ahead of the first trading day of the new year after a banner decade from investors from 2010 to 2019. The dow rose 173 while the s p was up 190 . Big winners climbing 295 over the last 10 years. The best per formiforming stock be netflix rising over 4,000 . When it comes to the markets and the chances of a recession. Absence the mistake id say this year and next year. This is probably a 40 chance of recession. The market dropped 25 . Bernie sanders, same thing joining me now, Senior Market analyst. Good morning happy new year you are our first outside guest of 2020. You just heard all those sound bites. Really no real consensus there what are you seeing in terms of the Recession Risk it has certainly gone down considerably one of the two major concerns, running from the past year have been political concerns. The trade dispute and the possibility of a difficult exit of britain from the uk both of those have vanished or definished tremendously. That return based on whether or not these two problems will come to fruition will diminish. This is no longer a concern. That will bolster in the United States an