Month. Is a major rebound ahead the Investment Committee is ready to go. Halftime report starts right now. Its great to have you with us on our monday. Our Investment Committee today. Stocks with nice gains capping off a nice quarter. The dow and s p on track for a Third Straight quarter of gains. Nasdaq facing backtoback of losses. Do you use the Third Quarter play book going into the Fourth Quarter . The Third Quarter was clearly uneven. Its much different than the first and second quarter. A lot of people im talking to are unfortunately reflecting back to the Third Quarter of 2018 saying the Third Quarter of 2018 i had a nice strong lead in the s p and i lost it all in the Fourth Quarter. I think the market is concerned about having the same type of kaevt in the Fourth Quarter of 2019. You can suggest that that lends itself from a sentiment standpoint favorably for the Fourth Quarter and it very well might be. I still think the right approach is the approach where youre fully diversified in the equities market. You diversify by asset classes. I think it will come down to the Federal Reserve giving confidence and comfort in the form of more liquidity to the markets. I think that will dictate the performance in q 4. The thing that was tricky is the groups we saw emerged from the quarter not being leaders anymore. I guess do you believe in that momentum into the value stocks going into Fourth Quarter . I think you should stick with the winners that have worked well over the past year. I think that the market is in some ways positioned a little bit longer than we were coming out of august. You have seen not only flows going into equities, ctas and systematic guys are more positioned, but also youve seen a lot of the value sectors start to outperform and people to cover some of the shorts. Im concerned right now going into what hasnt been a great earnings preannouncement season into Third Quarter earnings in addition you still have uncertainty with respect to trade and additional uncertainty with respect to the impeachment and potentially the republican nominees have been changing a lot. I think that puts the value names particularly ones that are really in the cross hairs of the democratic agenda at risk which is why im continuing to stay in whats worked this year. I still like the tech sector even though its off four percent from the highs. It has over performed. I think if you place your bets into year end, stick with the tech sector. At the risk of being a Debbie Downer lets not be a downer. Ill play the role for monday. It feels a little bit like a year ago, we start getting notable earnings out that were very disappointing of fed ex, micron and carnival. Are things starting to hit the consumer or Companies Starting to see the impact of the trade war . Then we go into earnings season which saw very negative earnings and forecasts taken down. Then we saw what did we see in the stock market yet here we are pushing towards the 52week highs on just about every index we are looking at. We have a very low vix. Joe talked about diversification. I think i have a really diversified portfolio right now. I think the fact that if you do that along with some hedging, when i say hedging, im not saying buy puts to the down side. Maybe you do. If your exposure is a little more diverse than that, i tell you, one of the reasons, why has gold and silver had this gratd run from me . Now they have pulled back. September was pretty good. August was not so great in the markets, but september has turned out to be pretty good. I think you can get more and more exposure into the financials. I bought wells fargo the other day. I like the new ceo. Thats something we have been waiting for. When will you appoint a ceo to this company because of that, we had option activity, as well. I bought the stock and i will be turning this into a buy right along with the dividend yield every quarter. I really am concerned about buying financials right here. Elizabeth warren, one of her number one goals is to go after big banks. I think that increasingly as we go into early 2020, the democratic agenda and the potential for it is going to be front and center. I agree with you 1,000 . That gives you a take of where i think Elizabeth Warren is in terms of a candidate. If you are right, you have to stay out of health care and all kinds of different sectors based upon everything we have heard so far. I totally agree. I would stay out if i thought that is something i need to be overly concerned about. As of right now you are certainly not pricing in Elizabeth Warren. You wouldnt be sitting slightly below 3,000 if the market believed Elizabeth Warren. Thats what is concerning to me. I think it is concerning to all of us from a social standpoint of what the potential impact could be in the market. I dont know if you go there just yet in positioning the portfolio. I will agree with pete. I think right now the financials are helping you. Lets keep in mind and i dont know if we have the ability to bring up the growth index. What you would see is that that peaked on july 26th. That was before you got your 50 basis points and cuts from the Federal Reserve and before the escalation and trade tensions with the chinese. There was something going on in earnings that you had the growth names peek out. Its good that you had a little bit of energy. I think wells fargo finally, they have a ceo that can lead them forward not only with the regulatory issues, but understand wells fargo is not jp morgan in terms of investment and technology. Large banks are going to succeed moving forward because theyre going to understand the digital aspect of banking for their consumer. He is an individual that does that. He sits on the board of microsoft. He was the ceo of visa. Tremendous success at visa. I like that he has been with microsoft. Hes on that board. I think this is important for wells fargo. There are other financial names. I think it is healthy the rotation that we are seeing. Sometimes it has been extremely brisk. It has been a rotation from one area to the next to the next and sometimes it is taking a little bit of time. Why are the financials if you look at year to date, we talk about the financials all the time. Everybody is like they havent done anything. If you look at what they have done in an environment where we can say how did they possibly perform . I think there is a lot to be said for the big banks that were all talking about here. Im not as much into the regionals. Certainly the big banks, i look at the leadership on down and they still show growth and great fundamentals and inexpensive in terms of price to book. The tricky thing is if you take a look at the xlf, a lot of that is Insurance Companies and black stone. Its not the banks that you guys are talking about right now. And the banks you are talking about have risen because weve had yields go higher. Its been chained to the yield curve. Thats the only thing that lifted them in the past month. So xlf is a great performer year to date. Thats not saying that much about a lot of the banks that youre talking about. Jp morgan is pushing. There are names out there that have actually traded pretty well. Bank of america has done better than a lot of people. If they pull it up, they will say year to date isnt that bad. Its jp morgan that has performed well. Its american express. American express falls into that july type of peak. Its fallen back here, but im still staying with it. How about kkr, financials, private equity towards 30 bucks. So i think what weerp rr experiencing is a series of peaks in the market. You go back to january of 2018. You had the cyclical peak. Move it to september you had the f. A. A. N. G. Peak. In july you have the growth peak. Whats the next handoff . I think important in that conversation is where does the u. S. Dollar go u. S. Dollar at the its highest level in two years. Does that beget if you are giving consideration to portfolio, do i play for potential multinational exposure if i get any form of contraction in the u. S. Dollar thats a possibility. That could stimulate something. I think its hard given the path that the ecb is on and the fact that doj doesnt have room in order taraise rates or change the yield curve control. Its going to be really hard to get the dollar to materially weaken enough that youre going to see a meaningful impact to the multinational earnings. I would agree with that. I think you are going to need a liquidity injection from the Federal Reserve because the world is short u. S. Dollar. Youre going to see some type of repo facility in october. When you have inflation where it is today, growth is not deteriorating to such an extent to expect that the fed is going to meaningfully change the reaction function to Economic Data i think is unlikely. But theyre supposed to always save us, arent they . I think that they will continue to inject liquidity. We have monetary growth and money growth which is increasing. We have inflation which is gradually likely to rise over the coming quarters. And you have Economic Growth that isnt that bad. Theyre doing what is needed. The question is if more needs to be done, is it on the fiscal side i think that is a reasonable argument. I dont think the fed will come in with significant liquidity injection. Here is the question i have going into Third Quarter earnings season. Will Companies Start talking about a stronger dollar year oryear and start saying this is a head wind and we have to take our forecast down. What do you think . I think youre likely to see it. I think one thing is that over the last two to three years you have seen corporates get more responsible with respect to either hedging or anticipating significant i dont think that will be the surprise to corporate earnings that we saw a couple of years ago in 2016 or so. But absolutely it is a head wind and its a persistent head wind. Lets check out Michael Santoli down at the new york stock exchange. We were talking about the setup going to Fourth Quarter in this rotation that we have seen on something we talked about this morning is technology and what is going on with a seven percent decline in the past week for shares of facebook or a google, for instance those big Communication Services have given up a fair bit of their premium. I think the best you can say about the rotation which was violent and now has kind of gone side ways is that the beaten down sectors have come back more than the growth and momentum names have come in. Thats enabled the overall market to kind of go side ways and absorb a lot of what could have been good excuses i think to pull babbling harder through september. If you sneak through september essentially holding on to the range within about three percent of the all time highs i think you almost consider it a win or at least a position where you did not necessarily have that much sensitivity to potential bad news. So from here on out i think it really becomes a very tactical call. I think you can say the rally was pretty broad. You can kind of rest a little bit on that reality that you did have a pretty big momentum move across a broad list of stocks higher. You have had some cyclicals act better. It has been entirely at the permission of the bond market. When yields havent continued to go higher, the stock market stops and waits and stalls. So i think thats the fix that were in right now. Yes, i agree people are lightly positioned. Nobody is really positioned for an up, up and away muchb into the Third Quarter. How far that gets you is the question. Do you feel like there is any sort of muscle memory to one year ago we saw the fed exs, microns, that really sort of unfortunately set the tone as we enter. We did have the standout performance of nike. I think its the reads on the economy that people really fixated on right now. There is absolutely nope doubt the muscle memory is there y. Always say the last thing that made really smart people feel stupid is the thing they can carry forward. That being said, are you going to get two years in a row where you had the same script play out where the seasonality goes in reverse . I dont know. I would look back at the valuations. The s p has essentially the same valuation based on projected earnings as a year ago. Back then, you had three percent treasury yields, four percent corporate yields. Now you have 1. 7 treasury yields, three percent corporate yields. You have the cushion based on yields. Now the fed is not tightening anymore. The bull case rests on the idea that another fed rate cut can come without incremently bad news on the economy. Thats open for debate. Thanks. Michael santoli, joining us from the new york stock exchange. There is a fine line when we got down to 1. 38 or so it wasnt viewed as a cushion for valuations. In 16, we got down to 1. 35ish. We got to 1. 44 back in august. Thats the concern. The difficult part of this is predicting where yields are going to be. Im not sure very many people are successful at doing it. I think youre correct in what youre suggesting that if yields were to move lower back towards the august lows, financials as a sector, yes they are going to struggle. Youre going to have to be tactical in trying to define which financials you are going to own. I believe there are financials even if the ten year is at 1. 4 or 1. 45. There are challenges in particular for growth stocks. We have seen that in the month of august. That doesnt mean im going to give up on my microsoft and i dont want to buy adobe or intut. Those are Technology Names i think you want to look at. The f. A. A. N. G. S. In that environment might face head winds. If you are apple who is aggressively buying back your stocks, glatreat. If you are alphabet, okay, great. Either way i just think it comes down tobeing tactical, being engaged and not having this premise thats binary where youre all in or all out i think thats the wrong strategy. Well have much more on apple and the big call from jp morgan. We want to get to another big risk facing investors. Peter novaro shooting down reports that the u. S. Would restrict Chinese Companies calling it fake news. Senate Majority Leader Mitch Mcconnell saying delisting Chinese Companies would end up hurting. The Hedge Fund Manager weighing in with his take. Weve got a trillion dollars of capital muchbing into china between now and 2021 based upon indexation and passive flows. And weve already got 2. 2 trillion worth of listed enti entities in the u. S. Where they dont adhere to u. S. Law. This is insane. I bet american investors dont know it. So you take a look at the chinese stocks on friday. A lot of them failed pretty sizably like alibaba. And in todays session they are up. I think it is one of the things where this is the environment were in. The triggers that actually send these things lower. Obviously, any kind of commentary and anything close to trade wars, impeachment or this kind of came out of nowhere to me. Its interesting to see the reaction i think in the market place. People just immediately reacted and i think computers help react to the chinese namds which is the reason we saw such a push to the down side. I dont know if it is a part of what were seeing today. I think it is opportunistic. Is it opportunistic if we saw alibaba down more than three percent and up one percent today, is that a convincing we believe what he is saying and the treasury statement over the weekend. Outspoken momentum. I think its a real challenge to meaningfully go into chinese adrs. You have to ascribe a much higher risk premium to investing today. There may not be an outright restriction, there can be a lot done on the margin unilaterally by the president s office in order to tilt the scales away from further investment flow into china and make it more difficult for Chinese Companies to operate here. Were seeing it being done in china. Theyre not outright restricting investment flow but are making it more difficult to do business. There is a social campaign away from u. S. Companies and buying u. S. Products. The same can be done here. I think it makes it a little more of a challenge to be very confident in the earning trajectories. Not to mention the back drop of the weakening chinese economy. Thats just the kicker to all of that. Sglf it seems there are trial bunds that seem to get promoted by the trump administration. I think there is some fundamental validity to what was suggested on friday. I also think the other side is it is going to put from an investment capacity the u. S. In a little bit of a competitive disadvantage relative to other exchanges around the world. I go back. You rightly say why is alibaba down three percent and only recovering 1. 5 . I dont think thats a referendum on whether this happens or does not happen. I think to petes point, the markets are so large lly driveny the models, they take it away and dont give it back so quickly. Are there opportunities i think the thing we also have to keep in mind is when we go through the numbers and we talked about this about the numbers in china are pretty staggeringly bad. As much as we talk about the trade war is affecting both of us, it absolutely is. Look at what is happening over there. Industrial production is at 30year lows. Numbers tell me there is a want to do something smrks sort of a deal. It doesnt mean its going to happen now or october 10 they sign the papers away and say here we go. It tells me a lot about how much struggles theyre facing and because of that it tells you a little more about alibaba and the rest of the companies in terms of they are probably struggling along with the rest of the economy. Its sort of feeding upon itself. Is there opportunity i guess there would be opportunity but a lot still hinges on the trade war. The economic weakness is being experienced by the chinese. Theyre not going to be able to asuede you as quickly as they did in 2016. If you look at private sector debt as a percentage of gdp, do you know that has doubled since 2010 its gone from 110 to almost 220 . So for the chinese, thats a challenge. Actually in the u. S. Which is the surprise because it is counter to the narrative we hear all the time, the u. S. Has gone from 170 to 150 . So were in two different places in terms of private sector debt. I just dont know if the chinese have the flexibility that they had in prior years. Heres what else is coming up on halftime report. Jp morgan getting more bullish on apple, expecting shares to rise more than 20 . Well debate it in our call of the day. Plus john and pete are following all the action in the options market. Their latest trades and unusual activity are stralth ahead. Halftime report is back in two minutes. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. So servicenow put your workflows immhm. Cloud, huh . Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Apples a top stock powering the gains as the iphone maker gets a bump to the price target to 265 from 243 calling for stronger than expected product cycle in 2019. Pete, i feel like maybe expectations were just lower. Last week you and i were talking about apple and talking about how one of the analysts out there had lowered expectations. Im just shocked at what i heard. The reason im shocked is when you look at where they are growing and growing very rapidly in services and wearables, where at the margins its a double winwin kind of thing. They had a record june quarter tlmpt are so many other things that are amazing to me. This one makes more sense to me because although the price might seem a little bit high and i brought this up before, gene munceter i believe said 350 for apple. And i think a lot of that has to do with what category is apple really being priced in and thats a big segment that was always hardware and the phone. What are they going to be in a year theyre going to be a phone Company Selling 5 g phones. Pthe percent of revenue will be a hardware company. Its already slipped under 50 for the first time y. Disagree. I think you will see the other categories based on the growth they have start to pass up the phone. I think that the improvement in the earnings to your point is fuelling some potential upside and optimism. I think what is surprising is the fact that the supply chain for the latest phone rollout is much better than expected. You have on top of that the potential earnings boost in 2020 with the 5 g adoption. I think that this is going to provide a nice tail wind into 2020. The big story is going to be in 2020. But this is providing an upside that people werent expecting which is i think why we are bullish on the sector. So im going to ask the both of you a question. Think about last year, october to january, threemonth period. Apple goes down 40. Everything you highlighted fundamentally is still in place if not better. If the market experiences some form of a correction again, do you think that was a once in an apple experience or do you think apple is the atm and youre looking at apple going it was a buy then. We talked about it on air. Its a buy if it happens again. You will have to endure 30 to 40 . Weakness in china a year ago was also notable where we saw chinese problems. What do we have here with the back drop going into the last quarter of the year with china were having boycotts. Not to mention that a lot of Major Chinese competitors in terms of hand sets, theyre already out with 5 g phones. They have them out there selling on the market. You dont have to wait for apple next year. You can go buy whatever. If they choose to go in that direction, they absolutely can. We have seen how many times have we seen somethiamsung comes out the next best thing and people seem to migrate to apple once again if they stray from it. Is that a concern of yours . I think it is inso far as the chinese market. The earnings visibility that china that apple has will provide enough of a tail wind for investors to not sell out and to stay long apple stock. Could we get a draw down on a correction in apple . Are people going to sell what they own absolutely. I think youre going to have a pretty nice buying base back aing up to provide any significant down side. You want to own secular growth stories and own the sectors that you know are going to do well in 2020 because they have these tail winds behind them. People arent talking about augmented reality. There is so much more i think to the story. Eventually people will talk about this augmented reality which apple is saying 13 billion business in the future. Phil lebeau has a news alert. We told you that the board of directors had basically made a number of recommendations to improve safety recording, Safety Management within the company. Dennis mullenburg has officially accepted the recommendations and instituting those. Remember, we are entering, tomorrow begins the Fourth Quarter and this is the critical quarter for boeing. This is when they say they will apply for recertification of the max and will get it back approved by the faa and back in service by the end of the quarter. A lot of things have to happen. Lhelp me understand the news. Why is this such bad news for boeing i dont think this is bad news. I think everybody expected this to happen once the board of directors came out with the safety recommendations. Everybody said Dennis Mullenburg is not going to say i dont think thats a good idea. He is going to implement these. In terms of the stock muchbing lower, there were a couple of reports that had people saying whats going on at boeing . One of them being that some of the max changes were implemented on the military side and will be applied on the commercial aircraft and then you had the issue with 737 and the company saying there needed to be inspections for possible cracks. Thank you. Phil lebeau joining us from chicago on boeing. I understand the reports were out over the weekend and are pretty damning in terms of taking multiple inputs from censors. We did see the stock move lower as soon as these headlines crossed. I dont know what you guys make of boeing. Mullenburg is expected on the hill, as well. Thats another layer to the boeing story. It has been remarkably range bound. Based upon all the news that we go through every day. There is something almost every day coming out about boeing and effects it has had on different airlines. American airlines has struggled. Youre exactly right. I look at the stock and i see it down. Its just something thats just another day for boeing. Its amazing because you think some of the news would hit the stock a lot harder than it has. I was expecting the stock to get under 300 again. It never happened. Its resiliency has been really impressive. The gap from where it sold off in march is 400 and pushing towards 400 which is rarbemarka. The house testimony to me will be interesting. That might be the ultimate buying experience. I think it comes back to when the max goes back into service, how quickly can they get deliveries up to 50 per month . In the u. S. Thats the first place to get approval. The next question is how quick do they come around . Slower than the u. S. Especially the chinese. They can just wait. They can just sit there. It can be another tactic in the trade war. That back log is still there. Everybody brings that up. Its not gone. The resiliency in the stock is really very, very strong. Lets get to News Headlines and join sue herera. Heres whats happening at this hour. Republican congressman Chris Collins from new york is expected to change his plea to guilty tomorrow in federal court to criminal Insider Trading charges. Collins was the first member of congress to endorse donald trump for president in 2016. Iran is calling the recent attack on saudi oil sites an act of legitimate defense. At a News Conference the Foreign Ministry official denied iran was responsible but did say it was a justified response by the iran allied rebels operating in yemen. Heavy rains have killed more than 100 people in india over the past three days. Flood waters submerged major cities bringing them to a grinding halt. People flocked to shelters for food and assistance. The french spiderman scaled a skyscraper without a harness over the weekend. He was detained by local police after climbing down from the 500foot tower. He is famed for climbing 165 of the worlds tallest skyscrapers with only his bare hands. Its really hard to watch. Thats the news update this hour. Im like this. I know. It makes your palms kind of sweat. Hopefully not his palms. That would be a disaster. Thank you. Straight ahead, two of the areas etfs investors flock. First your s p 500 sector check. Take a look at that. Energy is the only one ithe n red right now. Halftime report is back right after this. Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Each day our planet awakens but with opportunity comes risk. And to manage this risk, the world turns to cme group. We help farmers lock in future prices, banks manage Interest Rate changes and airlines hedge fuel costs. All so they can manage their risks and move forward. Its simply a matter of following the signs. They all lead here. Cme group how the world advances. There is a chance thats the last time. 300 miles per hour, thats where i feel normal. I might be crazy but im not stupid. Having an annuity tells me retirement is protected. Annuities can provide protected income for life. Learn more at retireyourrisk. Org annuities can provide protected income for life. What do you look for i want free access to research. Yep, td ameritrades got that. Free access to every platform. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. Welcome back to halftime report. Im bob pisani. Time for etf edge. Heavy flows into Defense Sectors. Look at the outperformance here both outpatesing the broader equity market in q 3. Defensive sectorers like yielts and Consumer Staples continue to outperform. Meanwhile, trade sensitive cyclical sectors, metals and energy, materials, retail all lag. Whats ahead tim seymour and jay jacobs. What really strikes me is gold up five percent for the quarter once again and heavy inflows. People were putting money into the etf,s as well and lotf creation going on. If you look at ctfc data you had the biggest inflow of gold since mid august. It tells you people are gearing up. I would make an argument, though, if you believe that fed rate cut expectations would be repriced i think you will see a little heaviness here. No question. Gold and silver ratio has been something investors are loving to play and i think it makes a lot of sense. Has the Federal Reserve on hold here . Or being more aggressive in rate cuts play into how gold is going to perform it absolutely does. Not just the u. S. Federal reserve but also the ecb. Were seeing negative Interest Rates. Gold has been viewed as nonyielding asset class. Thats striking a lot. Spriedsingly that treasuries, long term treasury up 7. 5 how long is that going to continue we have been playing the end of the game for a long time. Is this a blow off top finally i have to ask. I think this has tocome to an end. If you look at it after inflation you are not getting any sort of yield. This is purely a defensive move. B. O. J. Looking to steepen the yield curve doom. I think lower tlt. Thank you for joining me. For more, dont move our live show starts at 1 00 p. M. Sharp. Well get more on whats ahead for the Fourth Quarter with wirhind. You wont want to miss that. Thanks. Bob pisani, options bulls alimrertisacarm rr and energy. Hfte po bk in 30 seconds. Bristolmyers is up more than five percent and bullish options traders are betting that the bounce can continue. John is joining us from chicago with more. Pete, youre up first. We talked about one of these. It was the october 50s buying on september 10. They bought 13,000 of those. Stock was trading about 48. A couple days later they rolled out again and roll out of those into november and decide to go for the next strike hire. Now were seeing even more buying and going all the way out to the june 60 calls. Trading for about a dollar. These are well out of the money. Stock was trading 50. 5. They have been right. The stock has been moving to the upside going from 48 to 50 now. I had rolled out of that first hit that we had had into the next. Im Still Holding on to the next. I know i feel Comfortable Holding this thing and maybe roll out into june y. Like what we are seeing. Usg. There we go. Natural gas. Basically with it is right now. We had huge november 21 buying there. Trading just under a dollar. Pretty aggressive. This is actually moving up significantly to 20,000. Pretty aggressive buying. They bought about 15,000. Now a little over 20,000 of these. I will hold on to these for a short period of time. What are you looking at amd supplies a fair amount of chips to apple. Is that why were seeing pretty big upside speculation stocks 28. 5. They were buying the 30. 5 calls. They bought a lot of those calls in big chunks. Thats the kind of aechbt we like to follow. I bought these. I was already in some amd calls and i added to it because of this activity. Second one, take a look at whats going on in bed bath and beyond. They got an upgrade. The stock made a big pop. Somebody wants either lock in the big pop or bet maybe that it reverse whz they announce earnings two days from now. So what they did is they bought a lot of puts. Whenever i see that, i look over to see if there is a corresponding stock purchase. I didnt see that. This looks like either protection to lock in the gain or a bet that maybe stock goes down and i will pea in these through the week. They expire on friday. Thanks. Dr. Jay. The desk is ready to answer your questions. To reach us head to cnbc. Com halftime or tweet us. First to kelly evans. Top of the hour were going to talk about trade, the consumer and conflicting Economic Data, what narrative will win out in the Fourth Quarter . Speaking out at the risk of retaliation from amazon. The story of one seller and why he insistathize power is harming consumers. How about cbd infused leggings ill see you then. Halftime report is back after this. Sfx [phone ringing] you still have service . Call the Insurance Company its them, calling us. Its going to be a week before they can get through on these roads shhh, sorry, i didnt catch that. I said ask how soon they can be here right now . Whats now . He says theyre surveying our property now theyre probably at the wrong house i dont see any hovering his name is hovering . Look up . By automating claims with Machine Learning and analytics, cognizant is helping Insurance Companies advance how they serve even hard to reach customers. Cool 9sds how would you prefer to say it im going to go with you. In france they say espresso. Espresso is driving the fundamental momentum right now. 7. 5 of revenue is espresso in 2018. Its now up to ten percent. Behind that is the competition that theyre providing for starbucks on a price point basis they are comparative to starbucks. Between 2 00 p. M. And 6 00 p. M. They are 40 less than starbucks. You will like it. Its going to taste good. It will be 40 cheaper and driving revenues. I like a bargain. 40 off, cant beat that. Dunkin recently that dunkin recently adopted beyond sausage as part of their Breakfast Menu thats not one of the reasons i would be going there next for erin, what secretary tore are you most confident in upside for the rest of the year . I think you should stick with the tech sector. There could potentially be more volatility in the months ahead you want to really look for companies that have growth stories that are going to be consistent and persistent over time in the tech sector which is not only going to drive more hardware sales but seeing companies outside of tech adopt technology in order to move their bids forward i think that is going to keep a very strong Earnings Growth sector i would use that to get back vested in the tech sector. Ready sammy in california is wondering why gdx is down so much . Im not a gold bug but gld, gdx are all huge players starting the end of may all the way through. Now theyve pulled back. As a health, i love them why have they pulled back, people are getting more confidence up next, the trades on Newell Brands and more after this when i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. In the human brain, billions of nefor people with parkinsons, some neurons change their tune, causing uncontrollable tremors. Now, abbott technology can target those exact neurons. Restoring control and harmony, once thought to belost forever. The most personal technology is technology with the power to change your life. On line now the one faang stock that could rally otr anhe40 . Go to trading nation. Cnbc. Com now. Servicenow put our workflows in the cloud. This changes everything. Youre right sir. Everything. No not everything, i mean youre still blatantly sucking up to me gary. Brilliantly observed, sir. Always three steps ahead. Six steps ahead. Sixteen. So many steps. You done . A million steps ahead. Servicenow. Works for you. But she wanted someone who loves with the cats. Ng. So, we got griswalda. Dinners almost ready. But one thing we could both agree on was getting geico to help with our renters insurance. Yeah, switching and saving was really easy drink it all up. Good could have used a little salt. Visit geico. Com and see how easy saving on renters insurance can be. High protein. Low sugar. Tastes great high protein. Low sugar. So good high protein. Low sugar. Mmmm, birthday cake pure protein. Find our coupons in sundays paper. Lets hit the trader blitz. Abbott labs. I do. This is one of the most diversified in pharmaceutical now. One of the names now the clip. Its emphasizing how diversified they are Home Builders leading the quart. They are up 33 year to date. You should stay long you have Mortgage Rates coming down and housing data reflecting more positively. Its reflecting the stong story in the u. S this is the place to stay invested usbancorp downgraded. I think this thing could go higher the worst performing s p 500 this quarter the picture only gets worse when you take a look longer term. Because energy is also the worst sector the last 12 months. Is there more pain ahead or more opportunities after the decline. If you like value, maybe you like energy, erin . I thinks that right if you like value. I think there is still risk in the energy stocks. That will really take a catalyst for investors to get meaningfully longer. If you want energy outright, own the commodity. I still think the risks ahead particularly as we look into 020, it is a hard environment to meaningfully break out it is small expose your in the s p, i own devon and more. I avoid the high data shael plays. Kmi it is easy the guy just keeps buying his own stock back hes the man the final trades here im going to toss out apple if you think about everything keith and erin talked about. The behavior last fall was so wrong on the part of those selling it erin brown on pimco i like owning the Defense Sector this is really at the positive end of given what well face in the coming year, i think you want to stay vested in defense marathon petroleum. This is more about what is going on with elliott and the decisions being made because of that, i think the stock goes higher. Theyve been right if this last guy is right, this thing is going thats it for us the exchange starts now. Thank you, hi everybody china fires back on trade saying it will increase foreign access to its market. Could this be the first real win for america or just a hallow gesture . Well ask. More conflicting data on the economy. Leaving averages roughly unchanged. Which way will markets break in the final quarter