The idea of testifying into the impeachment hearings . Will the president give firsthand account of the call to ukraine to congress . The democratic divide is deepening as president obama throws shade on the far left candidates and they respond. What the moderate surge could mean for the election and your wallet. That and much more on making money. Charles after a monster run stocks naturally moving slightly sideways today. Theyre higher. Make no mistake. Feels like there will be a another huge move very soon. The bias is to the upside. Well take our cue from big week of earnings data. All tied into the american consumer. Well have Earnings Releases that will wrap up the entire earnings season which is not only better than expected. This is the most important point, folks, they move stocks higher in a big way. They caught wall street flatfooted. I want to bring in erin gibbs, First Trust Advisor chief economist brian wesbury. Erin, let me start with you. Last week all im reading about all of sudden mutual funds are diving into the market, heading out of cash, hedge funds changing their outlook, wall street says go into cyclical names. The economy is back, no talk of recession. Im not sure why wall street had the epiphany so late but theyre having it. We have all finally come to accept this is the tina environment. There is no alternative environment. That you should not be in cash. You should really be in u. S. Stocks. It is your best bet particularly looking at 2020. I think wall street is really just waiting for confirmation of what we were expecting for 2020. With the q3 earnings, we got a better sense what was going on. So now were reassured. Were allin. Between, you know, more stability outlook on fed rate cuts and earnings, this is going to look good. It looks good for the next 12 months. Charles brian, to that note, interesting that jay powell met with President Trump and some key advisors. Last week he was on capitol hill. He talked with congress both times. I never saw a more confident jay powell in the role yet. He was not only confident but chastised and collided congress to do their job. He took a victory lap. He more or less assured us, this is good, well be in a good place a long time . I agree he was confident. I agree he should chide congress. Here we are in the 11th year of an economic recovery and we still have a trillion dollar budget deficit. Even John Maynard Keynes is rolling over in his grave. He believed in deficits, not in the 11th year of a economic recovery. However, i would love to kind of tell you that i dont think the fed needed to cut rates to get this rally going. I believe the Fourth Quarter of last year was a correction. In the middle of that correction we wrote a piece. We expected the s p to hit 3100. It is over that now. We expected the dow to hit 28,500. I think without the boeing problems and 737 max we would be there today. And so this is followed our script. I dont think, really, that we needed those Interest Rate cuts in order to get this. We were never going to have a recession but with those cut, it makes it even more certain that next year is going to be a growth year. I think that is what the markets realizing. Consensus earnings estimates right now are for 10 growth in earnings. Neil right. We all know those consensus estimates are too low. Im look for 12 to 15 earnings next year. Charles erin, wall street says the coast is clear but the market is at alltime highs and this has created a dilemma particularly for Fund Managers that were sitting on their hands. Were seeing a lot of buying in names that havent moved. They call them value. Some say go with the value names. Cyclical names attached to the economy but have been beaten down. And this week we get a good sense of that. We get a lot of retail earnings. For some reason on last week, macys and gap stores were among the top 10 winners last week. Everything else that was up last week were up on earnings. So, i mean, is wall street in a dilemma theyre guessing, trying to guess . People watching the show, should they try should they roll the dice on stock like macys which has been unmitigated disaster or go with Proven Winners . When it comes to the big box retailers, i still think there is a lot of consolidation that needs to happen in the space. Your nordstroms, your macys. Im not ready to jump all in. What im more secure is Companies Like walmarts, targets, put heavy, heavy, spending into improvements, ecommerce, expanding their footprint into groceries, other business lines. These type of retailers as well as home improvement. Those i feel more safer about. Charles thank you very much. Brian, thank you. Erin, stay with you in a moment. I want to share news with the audience. Fox business confirming an exclusive report from the white house that the Commerce Department is extending the temporary license to sell huawei for another 90 days, allowing American Companies to continue to do business with the Largest Telecommunications manufacturer in the world. Same old boring guessing game in the media about china being pessimistic or optimistic, really overshadows the fact that both sides agree phase one discussions over the weekend were quote, constructive discussions. With me Commerce Department Deputy Director chris garcia. Thanks for joining us. Thanks, charles. Charles forget about the guessing game for a moment. Feels like things are moving in the right direction, even with both nations upset at each other the sabrerattling is different. Feels like there are no more threats. Feels like were moving in the right direction. With can we expect . I feel the deal were move towards is not the one you advocated for. President was planning to sign an agreement with president xi in chile. But the apex summit was canceled because of unrest. Coming up to the deadline, the goal well need real commitments from chinese from theft of intellectual property and structural changes. They will take a lot longer. The problem is at enforcement side. China has to agree to change the laws to enforce the law. If Chinese Companies are stealing intellectual property they need to crack down on that. Well not see that happen with china. They have the same routine behavior time and time again. They agree to something. They sign an agreement. They cheat anyway. That would take a long time. Say to bob lighthizer, hold the line. You have the moral upper hand in this treatment. You have to know they are on the right side of history on this. Charles they have the moral upper hand and economic upper hand. A lot of people forget when this began we were much larger economy. China has done a brilliant job bringing up the middle class with really a heavy use of debt and there is a entrepreneur class there i would love to see a freer market as well. They have got their own issues but that being said it feels like were going to get something. Lighthizer, kudlow and the president understand the hurdles but they are saying there will be some ip stuff even in phase one . I think that is the goal for phase one, right . I dont think we would accept anything besides having some ip protections. It will be on the enforcement side. Something that Newt Gingrich mentioned, former speaker Newt Gingrich mentioned, he expects the chinese will agree to ending i. P. Theft. They will cheat anyway. Well get back to the place maybe in a few months from now. Well have to have a second round to find another enforcement mechanism. Charles you think they cheat that quickly. The ink wont even be dry . They have thousands of people dedicated to to this. Charles i said when this pebegan i a great deal would be to get them stop sale stealing in broad daylight. Steal under the cover of darkness when no one is looking. Just dont walk in and steal from us in broad daylight. We look like chumps that is exactly it. It ties into the Hong Kong Protest Movement where you see basic freedoms, these University Students want basic liberties. Theyre right to be afraid of the extradition charles before i let you go, usmca are you feeling better about this . I think we have signals from both sides, democrats and republicans want to pass this. They want it ahead of thanksgiving which is next week by the way. Just around the corner. Couple days. Charles nancy pelosi has to do is say yes. Bring it to the floor. Mexico labor will be will be a little bit of an issue. This will be another notch for the United States to make sure we win the war of capitalism versus communism. Charles chris, always good to see you. Thanks, charles. Charles bring back erin gibbs to get her thoughts an investment ange fell. Whole china trade thing, no matter nuances, just to have it checked off would be a good for wall street who refuse to put money into the market until that happens. Ike youre saying, some of the cash coming out, industrials are beaten up. Theyre still trading a bit low. Industrials cobe an area doing better. At least having stability what their earnings are the next 12 months that would be one of the more positives coming out of this. Charles right. Another one, obviously consumer discretionary, very sensitive to tariffs. But again, be very particular where you invest within that sector because there is still a lot of consolidation and changes. Lastly i say health care. Looking strong. As long as we dont have, you know, as long as warren isnt in the lead i think health care is going to be charles that is a great observation because even with the moves by the Administration Last week to cap Drug Prices Health care was the number one performer for the week. Real quick, ford with its electric mustang, initially was going to be built in mexico but suggesting it could end up being built in this country, is that another reason to get usmca passed . Yeah. I think this is, weve already seen this trend. Certainly there are large trading partner. Whether, that is still, you know, a small portion of ford and they have got a lot of other issues, just getting into the electric market. Exactly. One more reason that we want to be able to have a more fluid transfer between mexico and, as a trading partner. Charles absolutely. Erin, thank you very much. Appreciate it. President trump opening the door to testifying in the impeachment probe hearing after Speaker Nancy Pelosi floats the idea of him resigning. Fox news legal analyst Gregg Jarrett weighs in on what should happen now. The ceo of fedex is challenging the New York Times after a debate after a tax bill expose later in the show. I have a warning for fedex. Why this could backfire. people talking for every dollar you spend at a small business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. And my lack of impulse control, is about to become your problem. Ahh no, come on. I saw you eating poop earlier. Hey my focus is on the road, and thats saving me cash with drivewise. Whos the dummy now . Whoof whoof so get allstate where good drivers save 40 for avoiding mayhem, like me. Sorry hes a baby people talking for every dollar you spend at a small business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Charles so President Trump potentially throwing a wrench into the impeachment inquiry he considered testifying himself tweeting, nervous nancy pelosi who is petrified by her radical left knowing soon she will be gone suggested on sundays deface the nation, that i testify about the pony witchhunt. She said i could do it in writing even though i did nothing wrong, and not like giving credibility to the no due process hoax. I will like the idea and will in order to get congress focused again, strongly consider it. Will president do this to get congress focused and author of witchhunt, Gregg Jarrett. You have the knack of writing these amazing books at the right time. This is witchhunt, the sequel. Charles i watch the thing, even if you dont want to use the term witchhunt, fishing expedition. Well find the crime in real time. Last week it started with quid pro quo, went to bribery, finished with witness intimidation. It is silly. First of all the adam schiff created the witness intimidation by reading the tweet. Defending yourself publicly in a tweet against false accusations is not witness inteldation. It is clearly defined in the law and this aint it. Bribery, by the way, is quid pro quo. So simply changing the name doesnt alter the equation that there is no evidence in the transcript of the telephone call of a quid pro quo. Charles apparently they did a focus group. Yeah. Charles bribery resonated more than quid pro quo. That is why the name was changed. Of course. You know, bribery is what members of congress do every day. They take all kinds of money from interest groups. In exchange for that, end up voting in favor of those interest groups. If were going to call it bribery, then everybody is guilty. Charles often against their constituent. Maybe that is one of the reasons we have 20 trillion in exactly. What about the idea of President Trump testifying, either in writing or in person . It aint going to happen. He is teasing, tweaking charles would his advisors no. You shouldnt do it unless the process were fundamentally fair and embraced due process. No, the president is mocking and teasing and tweaking nancy pelosi. She will be the last person in the room to get it but his next tweet, i guarranty you will be, oh, ill testify, if, you make this a fair process by letting republicans call their witnesses, allowing full crossexamination including by white house counsel. Adam schiff, the head clown in this clown show, will never do that because that would mean the whistleblower would have to testify. And the whistleblower would implicate or incriminate adam schiff as working with him to invent the pretext to impeach the president. Charles right. When this began he said he never met him. He lied about it. Charles real quick, this whole process going back to the whole russia investigation, to me it feels like a quagmire for the democrats. Like they really have dug themselves in. You know, of course the first rule of these kind of things is to stop digging but they wont and i dont think it is resonating with the public. They will have to tell the public at some point what was the result of this . It is going to be another dry hole. Absolutely. If i were trump i would be in a repeating title of herman wouk comedic farce, dont stop the carnival. It only extends to his benefit because people, americans are very smart. They realize fundamental unfairness when they see it. This is hyper partisan. It is precisely what the framers feared which is were they inserted in the impeachment clause in the constitution, a procedural protection, 2 3 supermajority to remove the president and that will never happen. Charles thats one of the reasons market sees it. It knows it is a nothing burger. It could have Major Political implications a great book if you havent got it, watch hunt, Gregg Jarrett. Thank you. Charles president obama giving a stern warning going too far left. So far candidates are not listening to the lecture. Michael bloomberg stirring the pot he will jump into the 2020 race after apologizing for a controversial apology but is it enough . Didnt he slam joe biden and Pete Buttigieg for their own apology tours . More on that next. I dont know whats going on. Ive done all sorts of research, read earnings reports, looked at chart patterns. Ive even built my own historic trading model. 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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. Charles he is not making any endorsements in primary season former president obama making it clear where he stands. He is warning the democratic field not to move too far to the left saying it would alienate too many voters. He told a room full of liberal donors the average american doesnt think we have to completely tear down the system and remake it. I think it is important for us not to loose sight of that. Though obama didnt mention anyone by name the message was clearly directed at likes of Elizabeth Warren and Bernie Sanders. Joining me liberal radio show host ethan biermann and trump political advisor jenna ellis. Ethan, this is your wing of party, President Trump, i mean president obama saying the goal of the candidate is say win the election. No question, president obama has a good point. We need to keep our eye on the ball, getting trump out of office in november 2020 and we need to reach the swing state voters, insure they will on our way to win the election and joe biden is really the guy. This is his indirect endorsement of joe biden by saying this, looks like he will pull ahead in south carolina. Polls are looking great for New Hampshire for joe biden. He is looking strong on the trail and reinforcing what eight years of obamas presidency did with the Affordable Care act unlike republicans that americans have Affordable Access to health care. Charles jenna, interesting the warning comes from president obama considering many speeches he gave. In one of them in atlanta a few years ago, part of it struck me, for most of this countrys history we Africanamerican Community have been at the receiving end of mans inhumanity to man, we all understand intimately insidiously race plays in the job, our schools, health care system, the criminal justice system. The word system used twice there. He used it a lot of times. He was the president who ran on the idea of tearing up the system and rebuilding it. Right. Charles, i had a couple of reactions to this from president obama. Like ethan said i think its a implicit endorsement of joe biden. Well see how that works for him. Second this is really hollow coming from president obama whose eight years in office ushered era that did tear down the rule of law. He was so far outside the margins of the u. S. Constitution. That is being challenged in the Supreme Court is his daca proposal that should have gone through congress. Congress has the power of immigration law, not the executive branch. There are some things that obama did that now, that is arguably giving rise to the legitimacy and even for the Democratic Party to even question and look at the likes of Bernie Sanders and Elizabeth Warren. So this is a little bit ridiculously hypocritical of obama, but third, i think he should vote for President Trump clearly. He doesnt want his party to go so farrest, hey, president obama we love to have you as a trump supporter. No doubt the pull to the left is significant. It will be a lot more left perhaps no matter who wins the nomination. You know, i do want to get you guys to respond to this, that former new york city mayor Mike Bloomberg apologizing for his support of stopandfrisk. Eat than, the move, in my mind underscores two things here, no democrat can win the nomination without black voters and Michael Bloomberg will get in the race at this point . What do you think . It almost seals the deal with the apology that he will jump in the race. I have tremendous respect for mayor bloomberg. He does have a lot of things, leads on the environment and led the charge to defeat republicans and nra in virginia. That can definitely hang his hat on. The problem, the stopandfrisk, according to police themselves, Police Benevolent association said it was mistake in the first place. He should have listened to cops on the police that it was causing a wedge between police and communities. Really important that mayor bloomberg came out and made the apology. Youre right. He is jumping. Charles jenna some may say too little too late, the Police Department said itself it is not a good idea. Mayor bloomberg, billionaires trait, that he knew even better than policemen who had to police the streets in new york city. Unfortunately for bloomberg it is too little too late. Shows the hypocrisy of politicking he is only apologizing something because he wants to win over voters rather than sticking to what he might have believed and may still believe is genuinely good policy he was even endorsing this as recently as january. So even if we disagree on politics at least have the guts to stand up for what you believe. I dont think bloomberg is winning any favors for his credibility. I dont think it will serve him well. One last comment, ethan, congratulations passing the bar. Welcome to the profession. Charles i didnt know a. Thank you. Jenna. Thank you, charles. Charles thank you both for being on. Well have a lot to discuss the appreciate it, eat than and ethan and jenna. Charles while the New York Times looks like hypocrites, that could backfire on fedex. President trump backing off on the pledge to ban flavored ecigarettes. Well tell you why when we come back. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa thlook at all this ink no more bit comes with. Es. Big ink tanks. Lots of ink. 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You can imagine fred smith was not happy about this, throwing a challenge down to the publisher of the New York Times, ag sulzberger have a debate who pays for taxes and who invests more in america. Smith and fedex fired back after the New York Times published a report over the weekend that fedex paid effectively zero federal taxes in 2018 after hard lobbying of the trump administration, a tax bill that was cut from 1 1 2 billion dollars in 2017 down to zero. So effective tax rate of 34 to nothing last year. Instead, reinvesting the tax savings back into the u. S. , the New York Times alleges that fedex spent less on Capital Investment in 2018 than they did in 2017 when they actually had to foot a larger tax bill. Fred smith and fedex firing back today, pointing out the New York Times paid nothing about it way in 2017 in federal taxes on their own and just 18 in 2018 while also cutting Capital Investment, they say by the New York Times by 50 to just around 57 million which is just a rounding error to fedexs 6 billiondollar investment back to the u. S. Economy. Fred smith challenging sulzberger to a debate, i hereby challenge ag sulzberger publisher of the New York Times and the business section editor to a public debate in washington, d. C. , with me and the fedex Corporate Vice president of tax. We got in touch with New York Times to fox business. Fedexs colorful response does not challenge a single fact of our story. It is clearly a stunt a stunt and and effort to distract from our findings of our story. When youre paying nothing in federal taxes you should reinvest into the u. S. And provide american jobs as well. Charles . Charles susan, before i come in my thoughts it could backfire. New york times looks like hypocrites, fedex and many other businesses have to be careful. For instance, when fed smith and others talk about holding back invests because of tariffs even after pocketing hundreds of billions of dollars from lower taxes, lower regulations not a good look. Their invests create jobs no doubt about that. Theyre not altruistic, they benefit the business. If we use the same logic on other things, some should say we should write off college loans, because it makes our children better citizens, and society would benefit. I want to find out what rick unger thinks. Host of the rick unger show. Im not sure if New York Times pays zero taxes theyre the right folks to bring this up. Pot meet kettle. This underscores a serious issue for corporate america. When the markets to high, alltime records, when they get the big tax breaks, a lot of people feel left out. Well you know the article was interesting. To say that fred smith was not happy with this would be an dramatic understatement. I like your response you just gave. Makes a lot of sense but the article was operating on go different tracks. One was talking about the fact we were told the 2017 tax cut to corporations on the idea there would be massive invests of capital. Thats a good thing, right . Charles right. What we kind of came to find out maybe a little too much went to stock buybacks which benefited shareholders, not so much the captial expenditures. Was confusing though, i know fred smith spent 6 billion on airplanes. What i cant tell, did he spend that in 2017 or 2018 and beyond . If he spent it after the tax cuts, then the New York Times got that wrong i have to say. If he spent it before, a little bit different. Then you do have to point out if he was buying 6 billion in airplanes, it was because he needed 6 billion in airplanes for his business. I want to see this debate. Charles so do i, so do i but, youre a moderate democrat, right. Youre a successful businessman. So, from a political point of view because youre right, New York Times tried to make eight political story, maybe they have woven too many things into one article but its a topic this year. How does it play out moderates in your party pushed back hard on Elizabeth Warren saying hey, lets not take everything from billionaires . It is interesting what is going on with the argument in my party, you saw the result when Elizabeth Warren released a new part of her medicare for all plan that looks awful like what the other democrats are suggesting, how she would approach it in her first 100 days. The reality is, charles. Neil it is pretty interesting, it is very much starting to look like the moderates having their way in the Democratic Party. Charles i have 30 seconds. Put buttigieg rocketed to the top in iowa. How serious a contender he would be in iowa is special made state for him. He poured a lot of money. He has to duplicate that in other states. I will pat myself on the back i predicted Pete Buttigieg would win iowa i did that three weeks ago and i think he probably will. When you get to south carolina, he doesnt have it going on. Charles got to cut you off. Secretary pompeii answering important questions. Will increase the isolation of the u. S. And particularly around the world because everyone else held the position if not illegal, they are at least inconsistent with international law. Then secondly if i could, there is a lot of questions, there are a lot of questions about why you have not chosen to speak up publicly in defense of your employees, including those who testified before the impeachment inquiry . Can you explain why you havent chosen to make comments in their support . So first question, well, i must say, sadly, there hasnt been much support for israel in the years leading up to this it is hard to imagine more isolation unfortunately at the u. N. As a result of this decision. We have been challenged to convince nations all across the world to stand up for the people of israel and, their nations right to exist. So no, i dont think this increases that. Im happy to talk about ukraine policy today. Im not going to get into the issues surrounding the Democrat Impeachment inquiry. Just not going to do it today. It is worth noting that ambassador yovanovitch departure preceded the arrival of by bill taylor. There is some idea somehow this changed was designed to enable some nefarious purpose. Look at the simple fact it was, it was bill taylor that replaced ambassador yovanovitch, who in each case has been driving towards the appropriate ukraine policy. Im happy to talk about. Im proud of what the Administration Admin has done with respect to the ukraine. We reversed president obamas policies in ukraine. A group of ukrainians wanted nothing more to defend their nation but just given blankets and nonlethal equipment. Im proud of what weve done. President trumps policy has been consistent throughout. The state department is fully supportive, not only what weve done but our ukraine policy moving forward. Reporter no defense of your employees . I always defend state department employees. The greatest diplomatic corps in the history of the world. Very proud of the team. Reporter mr. Secretary, on iran, how do you balance your support for the iranian people and the government, the request to hold the government accountable and your support for them that has been seen an at this Iranian Regime as interference . I have another question. We, i remember how the Previous Administration treated the iranian people. I remember the signs that said, are you, are you with us or are you with regime. I dont think anybody in the world has any doubt where this administration stands. We want iran to abnormal nation. We want the people there to have freedoms which theyre entitled. We want the, we want the regimes monies to be spent on things that benefit the iranian people, not proxy forces in iraq. Not underwriting hezbollah. Not conducting assassination campaigns throughout europe. We want the Iranian Regime to behave like a normal nation to take care of their people, i think that is what youre hearing and seeing in the protests taking place in the Islamic Republic of iran over the past few days. Reporter on the palestinian issue, sir, would your decision about the settlement and the about the capital of israel and Golan Heights under israeli control do you believe were getting closer to onestate solution as the twostate solution is noner viable . How do you bring the palestinians to the negotiating table considering your decision today . Weve had a long time with policy, legal interpretation announced today being the other way, and it didnt work. That is a fact in evidence. We believe that what weve done today is weve recognized the reality on the ground. We have now declared settlements are not per se illegal under international law. We provided the very space that your question suggests, the very space for israel and the palestinians to come together to find a political solution to this very, very vexing problem. We think in fact weve increased the likelihood that the vision for peace that this administration has, we think we created administration has i hope move forward on that in not too very, very long. Reporter on the Practical Implications of decision, your decision not to declare the settlements per se illegal. That does apply to East Jerusalem or primary the west bank . Were making charles that was secretary of state mike pompeo taking an array of questions from the media of the last one on iran we see reallies amazing uprising going on there. Asking about the diplomats of the state department, saying he was proud of every single one of them. Up next, former nba player Al Harrington to explain why he is scoring big on his cannabis plan and the after a new roadblock. The fda is warning that it is not safe. I thought we got over that already. Well be right back. Shop small and watch it add up. Small business saturday by American Express is november 30th. people talking for every dollar you spend at a small business, an average of 67 cents stays local. Shop small and watch it add up. Small business saturday by American Express is november 30th. Charles major averages higher today, dow, s p 500, nasdaq at alltime highs. Joining me to discuss, claman countdown host liz claman. Liz . That is what well talk about. Weve seen stocks hitting alltime record highs today, charles. It has been on sort of relatively incremental moves. Almost a game of inches. Of course friday, 28,000 for the dow jones industrials. So these are big numbers. What about the numbers that make up all of this . Well point out the stocks that got us from 27,000 to 28,000 and from s p 2,000 to where we stand today at more than 3,000. All time report highs. What are the names. Does that mean if they have already been winners, do you need to get out of those and pick new winners . Well look at all of that, much more. Yes, names of stocks that have been the best performers. Some of them you wont even recognize of the that is what is kind of interesting here. Plus, charlie gasparino, more than a week ago said, that john legere of tmobile would not be interesting in wework. That is of course the reality today as john legere, the ceo of tmobile said no, im not going to switch over to that company. Charlie will break more news on that and so much more. Always a great time, 3 00 p. M. Eastern. Well see you then. Charles it certainly is. Liz, thank you very much. Folks be sure you tune in to the claman countdown, at top of the hour. Cbd dealt a big hit by former fda head Scott Gottlieb, that the improvements may never be substaniated. Do the claims hold any weight against the popular medical alternative . I want to ask former nba player, owner of the viola brands, Al Harrington. To a degree gottlieb has the point this being the wild, wild west, maybe there should be some regulation. I definitely agree with him from that perspective. We definitely need regulations right now we could start a cbd company in our kitchen, distribute it it through ups mail service right now. Until we get that, there are some Companies Selling products that dont have any cbd in it. Or products have thc in it over the. 3 threshold which is also a danger to a lot of athletes, especially comes down to testing, being able to pass their tests. Charles my son opened a vapecbd shop three months ago. Business is going very well, despite the headlines and he is shocked how a lot of older folks reluctant to buy the product theyre back the next day. My arthritis, my skin. People when they try it, they love the product. It is anecdotal but flies in the face what Scott Gottlieb was saying. Guys that make claim like that he doesnt have the proper testing to make a statement. I think about my grandmother. She had replacement hip surgery, she uses the oil, capsules and happy as he shoes ever been from a pain perspective. Cbd can be onramp for people to actually get comfortable with the plant. Not being psychotropic it it a lot safer. Charles al, when you talk about cbd, people think about the vaping industry. That has been under huge scrutiny of late. A lot of people died at one time. A lot of states pushed back. President trump considered a ban. He is not doing that now. How are you people think about vaping . It is safe when you get in regulated market. When you buy vapes from the black market charles how do you know . You need to go into dispensary and purchase it. The dispensary you know you are getting a safe product. It has been tested two or three times before it made it shelves. Charles your business, how do you see it next two or three years . Still flying off the shelves . Hopefully going up. We try to create great experiences for our patients. Allow them to alleviate themselves from pain just alternative way to medicate people without obviously all the dangers of charles in your mind one day all of this wit be moot point. All of this will be legalized, regulated but legalized in every state . Big pharma will come in to take over the industry at some point. Charles maybe they will buy you out. Hopefully. Al, appreciate it. Why hedge funds are making a big bet on biggest losers of 2019. Is there gambit something you should do for your portfolio as well . Well tell you. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. At fidelity youll pay no commission i want to tell as many veterans near ras possible about newdays va streamline refi. Its the closest thing to automatic savings that weve ever offered. At newday, veterans can refinance their mortgage with no income verification, no appraisal and no out of pocket expenses. And weve extended our Call Center Hours so that every veteran can take advantage of these near record low rates. Charles all right, folks. At this moment the dow, s p, nasdaq on track for record closes again, hitting new alltime highs. 2019 certainly will not only go down as the year of the stock market roaring, but there will be chapters on the massive declines in those bigtime initial Public Offerings although that might be changing. The only folks with a worse year than the ipo is the hedge fund. Maybe its a natural fit that we are learning that they are now diving into those ipos bigtime. Its not just hedge funds. Last week, Jpmorgan Chase made uber their top pick in technology. These stocks act a lot better including luckin coffee, turning higher today. It had a huge week last week. I want to bring in rebecca wallser. This is a debate right now. The market soaring, we are at alltime highs. Professional money managers, hedge funds caught flatfooted trying to figure out how to catch up and looking at the ubers and lyfts of the world saying thats the answer. What do you think . Yeah, i think uber has a lot of runway. If you look at uber as a whole. There are obviously regulatory challenges with california that goes into effect january 1st. Thats a big problem. If we look at uber eats, you see European Competition that has merged this year in germany and their stock is up over 60 . It looks like a potential merger with grub hub eventually will give uber a long runway and potentially hedge funds are looking at that saying there is actually a lot of stuff we can grow here. Charles but some of these stocks are unmitigated disasters. Almost criminal. Smile direct, the idea that not only the big names on wall street brought it public but not long afterwards, they all reiterated the buy ratings on them as well. Some of the other names, peloton, had some bigtime competition. I know its a challenge right now for all investors to find something that will outperform when the market is already at alltime highs. How do you go about this . Youre right. Obviously peloton, smile direct, a couple of not great ones. Wework completely pulled all together. You got people today saying its worth nothing. Obviously, there have been some challenges in 2019 but we have a long runway for unicorns. These are not your 2000. These are companies that have 12 years on average of actual, you know, track record and they have over 100 million of revenue. There is definitely some great news. Look at the ipos for next year, airbnb is going to be huge. We will have some good runway. But if you look at zoom and luckin coffee, all of these have shown positives even though we are down for the year from their ipo price. Hedge funds are seeing that and scooping it up. This is something individual investors can actually say hey, wait a minute, if the hedge funds are buying in, they must be seeing something i might be missing so give it more consideration before you outright say its a 2019 flop. Charles im with you. Im starting to change my mind on some of these names. Im looking very closely. I love the fact uber has the same voting rights, the shareholders there, as management does. I think that was a smart move on their part. What about other areas of the market where names are up but off the highs . For instance, amazon. Im really shocked, for instance, nvidia. Since getting hit on that earnings report, it has become a juggernaut again. Netflix, coming on strong. Theres scuttlebutt out there this morning that a major, major investor on wall street maybe has taken a big position in netflix. So even in names like that, are they worth looking at in your mind . Yeah, absolutely. You know, this is what always happens. People start to discount these companies. Netflix, for example, disney plus, apple tv, so netflix is like oh, you know what, its saturated, we dont have any new Subscriber Base in the u. S. , it will just be International Growth here and all of a sudden, you get potentially this, you know, maybe theres a big investment announcement coming and all of a sudden, now its got fresh blood. Netflix is going to in the long run, if you look at how much money they put in to content, its so massive that i think Stranger Things is going to do just fine and absolutely i think long term, if we have a depression of the price because of disney plus and apple tv, look at that as a potential buy. Long term netflix is going to do fine. If we look at alibaba, for example, they are about to give us the price tomorrow that will be listed on the hong kong exchange. Weve got basically another whole potential there. You know, theres just a lot that we should not at any one point say this is a loser and thats it and its written off for the year. The market is fluid. Trumps economy is great. We have to look at these things one date at a time. Charles i agree 1,000 . It gets a little tougher in these periods but i think we might have a gift of some of the overreactions we have seen this year. We went through a lot. Appreciate it. Thank you very much. Thank you, charles. Charles well, all three of the major indices are higher. Not by a lot but it doesnt have to be a lot after the last six or seven weeks that most of these indices have seen. Liz claman, most exciting hour in the market, going to take us there. Liz thats right. Thats right. Its not how the market opens, its how it closes. Sorry, stuart varney. Yeah. Charles, thank you so much. Stocks climbing to new everest high peaks again, as we head into the final hour of trade, but with the dow at 28,000 and the s p and nasdaq hitting intraday highs, are we about to see a volcanic blowoff top that the bears have been waiting for . Our floor show traders are here, getting in front of their cameras to tell you if they believe this is the lastkrakatoastyle stock eruption and if so, what stocks are they buying to buy right now . President trump spent months publicly slamming him but today, he invited fed cef