Dance i hope you dance good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at the New York Stock Exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments we begin with tesla and elon musk in china, the stock opening at an alltime high. Eunice yoon has more elon musk definitely showed his enthusiasm for the Chinese Market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of teslas model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. He also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a Design Center to create an original car for the global market. The plan is to raise the Product
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with Morgan Brennan here at the New York Stock Exchange. One more day of jon fortts time out west, this time in san diego at qualcomm headquarters 58 points only for the dow but well begin with uber and the expiration of that post ipo lockup period meaning that an estimated 90 of shares are now available to trade at a new record low in the stock today. It was off the lows but down another buck and change means its hanging on to 26. 78. Foundation partner paul holland is with us along with mike isaac of the new york times, author of super pumped, the battle for uber. Good morning, guys, good to see you both. Good morning. Hey, hey. Mike, because were all trying to gauge the interest in owners alleviating themselves of shares in this expiration, do you get the sense that they want to sell or are shares so underwater that theyre going to hang on . Yeah, you know, its been kind of mixed. Theres a lot of employees ive
Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as well. I mean, i know they had put a hold earlier when huawei got added to the intent tis list here in the u. S. Is ther