The stock that has taken the thrown of most shorted name in the United States and paying big bucks for a massive uncut gem. All of that as Worldwide Exchange begins right now good morning im dominic chu in for Brian Sullivan your mystery chart for this thursday, you are looking at the most shorted stock in the United States after losing that title in september we reveal the name to watch coming up. First, here is how stock futures are shaping up after yesterdays landmark trade deal signing. You can see the dow will open up by another 100 points, s p by 1 and nasdaq by 46 the dow and s p coming off record closing levels with the dow coming off 29,000. That marks the 40th trading day since the blue chips finished above 28,000 for the first time on november 15 the fastest such climb for the dow since january of 2018 when it took only eight trading sessions to close above the 26,000 mark from 25,000. For perspective. To go from closing above 26,000 to 27,000, it took markets more than a year. Yes, the percentage gains are different. Still, though, some massive moves and accelerations in terms of milestones reached. To the bond market we are seeing a slighttick higher 1. 792 for 10year treasury. Twoyear note fields 1. 567 . Lets go worldwide going to our globe, you can see generally speaking, china down a half a percent on the heels of the trade deal signing hang seng in hong kong up. Just about flat for the nikkei in japan spinning over to the european sessions cac in france about flat dax up about 0. 01. And the ftse 100 down as well. Rahel solomon is with us lets start with an Unlikely Alliance mo microsoft, apple and bmw are calling on the eu to stop patent trolls the hurting Innovation Shares of japanese sneaker makers are getting a boost world athletics are looking to make a ban on the vaporfly these shoes helped athletes break records. Pairing those gains now to 2. 5 . Mizuno saw a boost but smaller and japanese lawyers representing ghosn quit today. In a statement, the lead lawyer said everyone involved in the case in his practice resigned, though they declined to give a reason this comes as renaults chairman said he sees no urgency to add a new ceo at this time and are working on scenarios for outside renault and nissan appliance are, quote, fake news. Back to the markets stocks set to open in order ter tory after the dow closed above the 29,000 mark for the First Time Ever. Reports from the big banks as earnings season kicks off. You can see the score card right there. Generally, very positive a lot more green than red on that screen. Joining me now, cnbc contributor, gina sanchez. Lets talk about the tone we have for the markets record highs, dow 29,000, the banks are pretty good. Is there anything that is wrong with this market right now well, where to begin . The last three months of fed losening in terms of the Balance Sheet has been a part of it. It has been an underappreciated contributor. Most folks are focused on the fact that we are heading into earnings season. The fed has created the right shape by pushing down the short end. That really was a determined effort it does set up the banks for profitability. You still have also this phase one trade deal does remove some uncertainty from the markets but not all of it. You have to dig into these issues there are still issues that remain to be resolved. What kind of issues are first and foremost in front of mind . If you look at the trade deal itself, the main thing it accomplishes, it removes the hostility between the two countries. So you have the u. S. Treasury department will no longer be labeling china as a currency manilag one for china. China has agreed to purchase 40 million in agricultural goods. That is a win. Theyve never purchased more than 26 billion the problem is that the actual deal is silent right now on a lot of other issues including protection for ip, including reforms to subsidies that are granted to Stateowned Enterprises in china that create competitiveness issues until those really thorny issues are dealt with, we still dont know what we are dealing with. Lets say those issues are addressed in the negotiations that are undoubtedly going to happen this year in the phase two trade deal lets say things go on track, hypothetically speaking, what then is the outlook for 2020 is there any way you should be fighting that trend upside or do you think that this trend is necessary at this stage . I think it is necessary because of valuations. You cant grow your way given where you are in the natural cycle. I dont think we can fulfill the expectation in the market. Once we get past the china trade deal, well have to deal with europe we are picking a fight with purpose, both germany and france we seem to be picking fight after fight. I dont see that there is enough growth in the economy to support the kind of growth in the markets right now. Digital taxes certainly front and center then. Gina sanchez, thank you for joining us we appreciate it when we come back on the show, jp morgan admitting to failure surrounding allegations of discrimination. Plus, history once again in the making on capitol hill as the house delivers its articles of impeachment of President Trump to the senate. Later on, more than that 1,758 karat uncut gem that just ldso more ahead on Worldwide Exchange after this at the star. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. 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Detailing allegations of Racial Discrimination and an incident by an employee at a branch in phoenix. Executives say, the customer, Jimmy Kennedy experienced several delays such as opening an investment saying it is clear mr. Kennedy had a Terrible Customer Service experience with us there were a series of delays in the process that would have frustrated any client. A discussion between a manager and Financial Advisor about the suitability of a customer in subsidized housing was unacceptable dimon stating he is thoroughly disgusted by racism in any form. A memo sent to employees yesterday saying they have created a team to spur improvements and conducted focus groups with both employees and customers. A good friend of mine works there and told me there has been a memo shared admitting short comings. This is one of the most recognizable names in america. Chase is one of the biggest names out there. Does the bank lose customers because of this . It seems like the bank is trying to get ahead of that right now and depends on how wide spread that is. We are talking about that here that does amplify that issue they are trying to get ahead of it if that is the problem, right fully sho so that is up about 0. 01 . Still ahead, twitter ce os meal prep plan is trending right now. And putting the spot in spotify. Well explain when Worldwide Exchange returns after this announcer todays big number 189. 7 billion thats how much the market cap of the russell 2000 has increased over the past year thhe iexwi tnd hitting a 52week high yesterday they changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. 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Shares of xpo and the company is considering the sale or spinoff of one or more of its businesses saying wall street is undervaluing xpo and those could stand better on their own. We are still getting a low multiple so as a diversified company, the market is only giving us eight or nine times multiple when you look at what we would get if we sold off or spun four of our business units, each one of those as a smaller pure play would get a higher multiple. When you do the math, it creates more value for a big logistics company, xpo. Alcoa reports a loss the company has posted a loss in five of the past six quarters. Alcoa does expect Global Demand for aluminum to improve from last year. American outdoor brands has replaced the ceo he was set to lead the companys business following a spinoff later this year. Those shares unchanged in the premarket still ahead, historic day for the senate as it prepares to accept the articles of impeachment. More when Worldwide Exchange returns. 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A busy day ahead for the senate thats a live shot of the cap to capitol. Im going through all of my papers this morning. All the front page above the fold it is a big deal reporter it is a big deal. Those articles of impeachment are coming over with new evidence we have an exclusive interview with the man behind those documents. An associate of trump attorney giuliani addressing the issue at the heart of the impeachment that the president didnt know what was going on President Trump knew exactly what was going on. Hes talking about efforts by himself, giuliani and others to get ukraine to investigate biden. You are saying thats not a true statement from the government he lied including this voiz mail here hey, lev, we have a request to talk to the big one and the articles of impeachment accusing the president of obstruction of power. House Speaker Pelosi has named the seven managers who will make the case he is not above the law he will be held accountable. They passed the first claim that does not allege a crime under our laws preceding with the charges. Impeachment trial of john robert trump. Justice roberts is sworn in and announcing the try to start on tuesday. Swaring in the 50 senators who will act as jurors the senate is setting some pretty strict rules senators will not be allowed to stand on the floor during the proceedings, no talking, no questions. If they have questions, they have to put them in writing. So chief Justice Roberts is the judge, the senate is the jury this is not a unanimous situation nor majority they need twothirds of senators to vote for impeachment and conviction this is not a likely scenario, is it . It is not if you look at who is likely to vote on the president being guilty, its pretty much all the democrats. Then you would need well over a dozen, i think it is about 20 republicans to vote with them. Theyve been clear that most of them think this impeachment trial is unwarranted now interesting, there are republicans that may be willing to vote with democrats on hearing witnesses for this trial. Theyll need at least four weve heard at least four republicans say they want to open this up so witnesses and new evidence can be presented. All right high drama tracie potts with the latest thank you. Lets get a check on other top headlines with phillip mena live from the new york news room. Good morning to you. Good morning. A new lawsuit has been filed against Jeffery Epstein after his death. The attorney general in the Virgin Islands has filed a civil lawsuit against his es katate accusing him of sexually abusing girls on his private island. Up to 2019, he brought underaged girls as young as 12 to his private island using his private plane and helicopters. New fall out after a china flight made an Emergency Fuel d dump over schools in los angeles. 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Edward jones. Its time for investing to feel individual. Stock futures point to a higher open as the dow surges towards 30,000 live with chinas new comments on a possible phase two agreement. The streaming wars ramp up as comcast enters the increasingly crowded fray as Worldwide Exchange begins right now welcome back. Some great music to start the second half year stock futures. One day after the dow closed above 29,000 for the First Time Ever we are not pulling back just yesterday the big move extending. It took just 40 trading days since the dow closed above 48,000 the fastest such climb for the blue chips from january 2018 when it took only 20 trading sessions from the 25,000 mark. The move from 26,000 to 27,000 took markets more than a year. Yes, the percentage moves are different. Those thousand milestones coming faster and faster. Big moves for stocks on the bond side, a hair below 1. 79 for benchmark 10year treasury note fields twoyear 1. 564 trading this morning. Checking on the asian markets, we did see a bit of a mixed session, the nikkei and hang seng flat. Shangh shanghai composite up so a bit of mixed trade on the heels there. Well spin that globe towards what is happening in europe. A little more red on the screen than green dax off and ftse 100 off and slightly negative for the cac in france looking at other stories we are following. Rahel solomon is back with those. Chinas ete says explaining to 1. 7 billion for research it will do so by selling shares to independent, thirdparty investors. Sharz up about 1. 3 . A tesla employee is calling for her coworkers she cited an increase in commissions and decrease in cants the report that tesla is once again the most shorted stock in the u. S. The total dollar amount of shares borrowed climbed to 14. 5 billion against shares of apple which overtook tesla as the most shorted stock in December Toyota is making a nearly 400 Million Investment in flying taxis working with jobi aerospace. Recently announced a deal with uber to work on ridehailing taxi we may soon be saying look up in the sky, it is a bird, it is a plane