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I learn more it's around San Francisco dot com surround San Francisco dot com connecting you with new morning to more than just waking up heading to work or getting the kids out the door I'm Marcus Washington and I'm Laura there feet with today and that will reinvestigate a story that can change your morning with the you need an alternate route to avoid trouble on your commute or you want to Bayer is more accurate weather forecasts will help you prepare for the unknown with a newscast that won't waste your time I promise if to make your morning the little easier so get up get informed and get going with today and the day watch on channel 11 or cable 3 these 2 musicians play the same instrument one is a rock the other 2 is more romantic They may sound nothing alike but they're in total harmony when it comes to breakfast at McDonald's whether you play licks or can't play a lick together we breakfast get into the groove with a $1.00 any size Macapp a premium roast coffee only at McDonald's your morning starts. Limited time only a participating McDonald's cannot be combined with any other offer or combo meal. Celebrate amazing savings at your local Sprint store now through Sunday November 17th you can pick up the new i Pad 7 featuring a 10.2 inch retina display and smart keyboard on us when you add a new line in a qualifying plan that's right get the new i Pad on us when you add a new line at Sprint there's never been a better time to switch your local Sprint store now through Sunday November 17th to learn more I've had some gender Did you buy your dollars per month after ninety's and she might be credible one of the most credible I'm going to build a party line of all find plenty cancel early remaining bouncy jacks you would sail . Market Wrap is sponsored by Compaq asset management. 20 k d o w. This is a market wrap with no end sorry brought to you by Compaq Asset Management market wrap is your source for the latest investment news and expert views on the markets the economy and personal investing visit market rock with no dot com for more information about Moe and the shell Email your questions tomorrow at contact on any time and now here's the host of market drop by and sorry. Hello everyone and welcome to market and sorry and for the next hour I'm going to talk about the markets what happened today what to expect tomorrow in between whatever you want to know send me an email and I will be more than happy to share with you why nearly 40 plus years of trading experience looking at the numbers today that was down slightly 2 tenths of a percent 55 points lower 27006 $627766.00 s. And p. Down point 16 percent at 503300103 the Nasdaq was down point to 4 percent 8506 the n.d.s. Down point to 2 percent $80.00 to $60.00 by Russell down point 48 percent at $81584.00 interest rates higher today $3.00 basis points higher for the 10 year 1.77 to 30 year was up 2.8 basis points or 2 point. 231 crude oil had a good day today up $1.32 a barrel $5833.00 gold market took a hit today down $9.80 at $146440.00 So what happened today well this is the 3rd consecutive close lower for the Dow and the s. And p. Nasdaq managed to in a row down today. We're getting mixed signals on the trade deal so there's this cross currents there and that was what is impacting the market. There was some reports coming out of China that they invited u.s. Negotiators to Beijing for face to face talks even though the u.s. Congress passed a bill supporting protesters in Hong Kong late yesterday I talked about that how the Chinese might get a little bit upset about this whole thing the president expected to sign this but I don't think they'll teen rail the talks unless we start doing something overtly to help the protesters there in Hong Kong I think it's just a resolution we'll see what comes out of it. But there were reports that the earlier he is the chief trade negotiator from China he has invited. The counterparts for more talks to Beijing so that wasn't there was also a report that he was at a dinner in Beijing and Mr He also said that he was confused about the trade demands by the u.s. But believes an agreement will be reached I still think there is it could slide into next year if it gets there then we get December 15th there's a date coming up will the president. Increase the tariffs or not so we will see if we get it done before that then all of that gets put to bed and at least we have a cease fire and I think that's going to last all next year while we get into the election hoopla so that sort of falls to the background but you know u.s. China relations are also a little bit touchy right now because of the u.s. Senate and House passed the Hong Kong Human Rights Bill which could be signed by the president tomorrow or today sometime so we'll see how that turns out and all of this sort of cross-currents back and forth nobody knows exactly and until the deal is done as I've said all along with all the hoopla that we had our earlier on this month and last month that all of the deal is done the deal is done well I want to see the the eyes. Didn't t's crossed and I handshakes on t.v. Between the president and Mr Xi Jinping the president of China u.s. Conference Board index a leading indicator fell for the 3rd straight month I'll have to update that because every recession has been led by the early I leading index of indicators falling and if that goes down below 0 that would not be good and I've got a chart going back quite a few years that are short my seminar said it it is still positive what was positive until the last updated So with today's it I'll update it again and we'll have it at the at the next seminar so we'll talk about that. And at the at the next seminar at a lot more detail well settled at a 2 month high potential extension of the oil OPEC output cuts gold prices decline finished. Just finished the lowest price in just over a week so that was not good so stocks were down yesterday I think they're going through a consolidation but for you what we're going through we've got the gains now everybody is waiting to see exactly what comes out of the trade negotiations. Yesterday were down big on the news that the phase one of the u.s. China deal may not get done this year so will this be a long term concern for the market or investors already over making shoe is the senior investment strategist in Wilmington crossed during an interview she she she shared her thoughts and this is what she had to say I think Phase one does get done and I don't put as much importance on meeting that year and deadline because I think that the December 15th tariffs are going to be punted if it's not reached by then the important thing is not getting those next layer of tariffs on there because those would be hitting more consumer goods and we think would be more of an impact on the u.s. Economy but I think the fairly constructive signaling from both the u.s. And Chinese sides even in light of the passing in Congress of the Hong Kong Human Rights Bill which had the potential to totally empty stabilize the negotiations and arguably if this had been earlier in the year it may have totally thrown them off track and they seem to be continuing in a positive direction with the Chinese negotiators inviting us to China to continue those talks the market's going to continue to trade with the ebbs and flows of this headline data but alongside of what we're seeing is kind of a stabilization of the global economic data and global pm eyes turning up South Korean exports looking a little bit better even sure I'm an investor sentiment also looking better so we're encouraged by that yeah everything is looking good and I think as long as they're talking. As long as they're talking that's good and as long as we do not get any more tariffs on December 15th we're good as long as they're talking market goes back and forth thinks about it goes up and down and says Ok what do we do what do we what happens and it goes with the ebb and flow of the talks yesterday it was oh my God you know it's going to be next year and now we're hearing that that history he invited. All of the probably light hisor in Mr minutiae but he by it had . He and minutiae have been sort of the dogs of this talk every time they talk it's always Oh yeah deal is getting done deals getting done it's the president Peter Navarro and lighthouses or they have to come out and say Ok deal is done and what the Chinese Commerce Ministry says really also I think is much more of a wait because Kudlow and minutia on one side and they always come out and say oh yeah you know everything is good every deal is getting done it's getting done they always come out with positive things and then we hear the president saying no I'm not quite ready yet I want to see what the Chinese do in the Chinese are continuing to increase their demand so we'll see how this plays out. Dr Doom was talking today why the financial exuberance is irrational neutered Roubini put out an investor note today you know he's known as Dr Doom you've heard him over the years right here on Market Wrap and he he titled The note why financial exuberance is irrational and he stated that the disconnect between financial markets and the real economy is becoming more pronounced Joe Turner Cherno was the chief market strategist at vertices investment partners during an interview on c.b.c. He was asked for his if this isn't rational where we are right now and this is what Joe had to say you can make that argument for 10 years we haven't seen any significant growth acceleration in the last 10 years at best we do 2 and a half percent and then we fall back want to have 2 percent economy and we have the Federal Reserve giving us the liquidity underneath the market so I. I disagree with that I just don't see this pronounced I see it as a sea of liquidity and volume where you're getting cash plus a toaster and a cash plus a toast to world they've got to find some assets to be invested in Yes So I think he's right I agree with him there that I don't see any irrational exuberance or so many people still sitting with so much gash because they're scared about the market they're not quite sure what they want to do so we'll see how this plays out but that's my feeling and energy stocks were up big today led the market higher today but the sector has been the worst performer this year so could it be time to reel into some of these deals. Boris Schlossberg is the managing director because Sobran expense during an interview in c n b c He was asked for his view and this is what the foresaid say is definitely a value trap in my opinion I mean take a look at stocks like Exxon which supports a 5 percent yield but it doesn't have the free cash flow to cover the dividends it's actually financing it I think you're going to see consolidation in the industry and I think the rescue case for investment in energy right now is an oil has to go up to probably 6070 then that obviously makes all those stocks a much much more interesting that but in my opinion I think which if you really want to play this I do think the energy itself is a sector is grossly undervalued at this point is certainly one of the smallest planes of the s. And p. Historically I would much rather just be by the d.d. Which is the Vanguard Energy 3 and a half percent yield and you don't have any of Socratic risk if you want to bet on the idea of recovery just out of the 4 broad sector don't try to pick winners or losers. Now that's hard to do but there are some better ones in that and that's where the work comes in if you have to can do the work up on the mental work the valuation work and the technical work and combine all of that which is a lot of work when you go through a particular sector and try to find the better stocks within a particular sector when you want to have your portfolio basically diversified between different sectors and you want to find the best sectors need stock oil did settle at a 2 month high there was optimism that this was the highest those who seen in about 2 months if there is support came from a report that the OPEC countries and their allies are likely to extend the production cuts as well as renewed optimism around the u.s. Trade talks and that it's all trade I think OPEC if even if they do extend it right now they have they might extend the cuts into mid 2020 right now and the cuts that they have in place are supposed to stay in place until March of 2020 they meet on I believe is the 5th in the 6 in Vienna that's where OPEC meets and they're going to figure this out. Out but. If even if they do extend the cards it's limited this is strictly a demand equation as far as when we had a Uranian all come off the market we had been in Sewell and all come off the market everybody said oh my God this is going to create But there's we are producing so much more oil here in the United States that what happens in the rest of the world is becoming less and less significant and what OPEC does becomes less significant is still significant but much less the impact of their cause they're just trying to keep the market in balance so it's a demand picture if you get a deal done with China China gets better their economy picks up that in turn helps the export ing economy especially European especially Germany and German economies and the European and European economies get better the whole world gets better we are still the best economy in the world and the best growth numbers even though they're not roaring growth but we're still moving in the right direction that's where we are right now so we'll see how this plays out I think over the next month or so but OPEC even though we're 2 month high. $58.00 I'll take a look at the charts later on $5833.00 is where we closed up about another 2.32 percent to be exact gold prices declined to the lowest finish in just over a week today and that's where we see gold futures moving lower. I'm going to come out I have to go to a break and I'll come back and talk more about these and the Treasury yields which rose the most in 2 weeks on the 10 to both on the trade optimism on the talk about oh they are going to still talking which is positive I'm going to do the next seminar in the Bay Area on the 4th that's where I will be if you want to attend go to the Web site compaq dot com and register today as c o n p a k dot com debts December 4th if you would like to meet with me and sit down and develop a specific plan instead of running here and there in all different directions. Give us a call and set up an appointment in the Bay Area I will be there on the 5th I will stay overnight and after in the Bay Area on the 4th out to the seminar on the 5th I will be there so if you want to come and meet with me this is your opportunity to do so and that is December 5th that's Thursday I will be there you have to dial pound to 50 on your cell phone and say talk tomorrow that will connect you to the office and then we can set up that appointment for you will get some information for you what are you thinking what are you doing how old you are and then I have a specific plan for you same thing I'm going to do in Scottsdale on the night I will be there and minded once did Samberg one time going to do a seminar there if you want to come and attend go to the Web site register today compaq dot com c o n p a k dot com c o m p a k dot com or you can come and meet with me if you would like to have a specific plan for you. And that is going to be on the 10th I will be there you can come and meet with me that's pound 250 on the cell phone talk to Mo on the 10th the meetings in Scottsdale on the 5th meetings in the Bay Area stay tuned I'm going to take a short break and we'll be right back. On . Shaab over $100.00 specials early at Macy's Black Friday preview and beat the rush to get 50 to 60 percent off coats in jackets for the whole family and 60 to 65 percent off the mask and Hotel Collection betting to update the guest room and give the perfect surprisingly 65 percent off at the diamond ring pendant necklaces and more for more perks check out the star rewards you'll get benefits no matter how you pay back the savings line up at Macy's there she says savings of mailing and writing excluding the 5 days. To more than just waking up heading to work or getting the kids out the door I'm Marcus Washington and I'm Laura Garcia with today in the bay where we investigate the stories that can change your morning with the you need an alternate route to avoid trouble in your commute or you want to Bayer is more accurate weather forecasts will help you prepare for the unknown with a newscast that won't waste your time our promise is to make your mornings a little easier so get up get informed and get going with today in the day watch on channel 11 or cable free and now I thought from Geico motorcycle It took 15 minutes to take a spirit animal quiz online please be the cheetah. Be the cheetah. And learn your animal isn't the cheetah but the far less appealing blobfish. Come on Glad insult to injury you could have used those 15 blobfish minutes to switch your motorcycle insurance to Geico Geico 15 minutes could save you 15 percent or more on motorcycle insurance and you're going to love this house that are no mom we call that cozy look not down this wall rewire it in price and there's a McDonald's in the neighborhood with all the refreshing drinks you love honey you will own the drink run all who will take it now at McDonald's get a small Macapp a beverage or any size iced coffee for just $2.00. Limited time on the price and participation a barrier here be combined with any other offer come on the. Metro the best deal in wireless is on switch to Metro and get one full Amazon Prime membership included every month plus get 2 free phones from top brands like Samsung and l.g. With huge h.d. Screens all with 2 lines for just 90 bucks that's the best deal in wireless only at Metro. Activation fee the corresponding eligible number not currently active on the mobile network active on the train past any days or per count or household offers if you can change over dollars or new in the prime numbers Amazon Prime has 12 going on for a month that you prefer to supply the store for details in terms of conditions 4020 discussing new and relevant in best but at answering your questions to go away. Make My Day Join us for the best with stately weekdays at 4 pm on the berries business leader. What do you think you know totally. Scottsdale listeners make your reservations now for Boeing it's Ari's next summit are on Monday December night you can also make an appointment to meet with them on Tuesday December 10th and get your degree for all your review that's Monday December 9th for the free seminar and Tuesday December 10th for your preferred full year review with Mo in Scottsdale register online right now at compaq dot com that c.l.m. Ekk. Dot com. Welcome back everyone to Market Wrap imo and sorry talking about the markets what happened today what to expect tomorrow looking at the s. And p. Down point 16 percent best sector today energy up 1.63 percent communications services gained a quarter of a percent health care was a point to 2 worst realestate down 1.39 consumer staples down point 53 consumer discretionary down point 52 those are the 3 worst sectors of the day as I mentioned earlier Gold settled at a the lowest price in about a week or so what's going on with gold Well you know whenever the trade talks get better gold goes down that's how it's working right now people look at gold as a safe haven and whenever interest rates go up that puts pressure on the gold market and that's what we've seen and it's sort of sitting in this consolidating it's calling that's the way I'm looking at the chart right now and that's what it looks like a coral. Coral market if it breaks below 145-014-2514 extension 00 really comes into focus if it gets above 1500 then 152-015-4050 extension 60 other numbers on the upside that's the way I'm looking at gold but it needs to hold these levels right here and I think it all depends on the trade talks go if we don't see any progress we hear about talks about you know about you know Paris coming increasing on December 15th and then everything breaks down again and that would break us out of the this consolidation even in the stock market will break out of this consolidation and come down on a pretty on the on more of a correction rather than a consolidation that's what I would see same thing in the gold market if a to great deal does get done I think gold will have some pressure because of that if the deal does not get done. That could really help the gold market because that creates the brings in the scenario for global slowdown creates more political uncertainty here it creates more. Anxious to around the market and that means the Fed would have to come in start bringing rates down even more that bring the dollar down and that will support the gold market that's my feeling on goal so everything sort of hinges on these trade talks I still believe that we will get some kind of deal will get done. Some kind of deal will get done that's my feeling what the deal looks like yeah they'll be a lot of people criticizing it people saying now the president declared the best the lever in the Made in the history of the United States so and they'll be a lot of political back and forth but what it will do is sort of put this take this trade issue off the table for a period of time that no more sanctions are coming in and we are negotiating now for phase 2 for I p and intellectual property to opening up the markets they'll buy some more soybeans and some pork which they need we will not put any more tariffs I don't know if a rollback there as I think that's the biggest sticking point right now the Chinese want a rollback on tariffs is a no no we want these tariffs to come back down but I don't know if the president's ready to do that the president say Yeah I'll bring the terrorist back down if you know protect IP and open up the markets then it's a much bigger deal the Chinese are saying no we bring down your tariffs and then we'll give you a number how much so beans and pork we're going to buy more we're saying well that's just if you want to keep the status quo then your bias or beans and we don't put any more tariffs that's what the president's saying the Chinese are saying no you you don't put more terrorists but roll back some of the tariffs that's why I think we're stuck and the Chinese are holding back on a number of what they're going to buy how much more they're going to buy as far as beans and pork and agricultural products go which the president needs them to do because those are swing states and he wants to get reelected in those swims swing states. Are critical to the president so it's political pressure here economic pressure there on the Chinese political pressure here on the president so I think both sides will come around to it when and how and how much that has yet to be decided I still think that has yet to be decided. Still who's going to agree to watch that's really where we are stuck now it's come down to just some fine points and we'll see how it all plays out come to the seminar learn a lot more what to expect in 2020 How should your position portfolio be positioned . Give us a call or just come to the website compaq dot com c o m p a k dot com lot of information they're also going to find out what we do how we do it besides a rigid string for the seminars December 4th in the Bay Area December night in Scottsdale stay tuned I'm going to take a short break and I will be right back which always fun to talk to. He joined us on the other side of the break. Celebrate amazing savings at your local Sprint store now through Sunday November 17th you can pick up the new i Pad 7 featuring a 10.2 inch retina display and smart keyboard on us when you add a new line on a qualifying plan that's right get the new i Pad on us when you add a new line at Sprint there's never been a better time to switch furry in your local Sprint store now through Sunday November 17th to learn more I've had some gender Did you did my dear dollars per month up to $990.00 monthly credit for 21 months credit apply into deals with one plan if you cancel only remaining amounts to tax you would sail. This Home Depot can help bring the holidays home for free is free to live online a holiday to artificial Christmas trees big small white lights or multi colored 140 varieties pick one out that will deliver over the river through the woods right to your door for free the free delivery on line holiday decor only at the Home Depot or save more doing stuff for details. More than just waking up heading to work or getting the kids out the door I'm Marcus Washington and I'm Laura with today in the back where we investigate the story thinking your morning with the you need an alternate route to avoid trouble. On your commute or you want to Bayer is more accurate weather forecasts will help you prepare for the unknown with a newscast that won't waste your time I promise this to make your mornings a little easier so get up get informed and get going with today in the day watch on channel 11 or cable free and now I thought from Geico motorcycle It took 15 minutes to take a spirit animal quiz online please be the cheetah. And learn your animal isn't the cheetah but the far less appealing blobfish. Come on Glad insult to injury you could have used those 15 blobfish minutes to switch your motorcycle insurance to Geico Geico 15 minutes good save you 15 percent or more on motorcycle insurance you're going to love this is how. Mom We call that cozy look not down this while rewire it in price and there's a McDonald's in the neighborhood with all the refreshing drinks you love honey you will own the drink run it will take it now it ain't gonna get its money pop a beverage or anything as I copy for just $10.00. Limited time on the price and participation a very cannot be combined with any other offer found on the I can't wait to get something great this holiday get to baby this Friday cozy and stylish flannel shirts for the family are on sale just 9 bucks for adults 8 bucks for kids but hurry it's Friday only old baby and old Baby dot com Fallon 1122 select styles only excludes gift of the week. Because Metro is bringing you the best deal in wireless switch to Metro and get your choice of 2 awesome free phones from top brands like Samsung and l.g. With huge h.d. Screens and tons of memory for all your pics and videos so hurry in the metro and get your awesome free phones only at Metro plus sales tax next edition feet require supporting an eligible member not currently active on t. Mobile network or active on the trend past 90 days limit 4 per account or household restrictions apply for details and terms and conditions. Your source for investment news analysis and the answers to all your financial questions for over 25 years this is Mark you're back with my. Welcome back everyone. You know I'm going to be all or send an e-mail at Mo emote yet compact with a k. And I will be more than happy to share with you my 40 plus years of trading experience but for the next few months old calls we're going to go to our guest line on I guess lying today sure as me how someone you've heard quite a few times over the last decade right here on market perhaps he is the director of research at Saks Mr Meehan leads a 60 analysts equity research team covering over a 1000 stocks including the entire simpy he also manages x. Focus list and top 10 portfolios priced his elevation to director research position 2009 Mr Muir was a distinguished equity analyst at Saks for 7 years but the focus on the oil sector he started his equity research career at Goldman Sachs in New York Mr meow Welcome back to Market Wrap great to be back. Shasta let's start 1st let's look back a little bit we're coming to the close of the 3rd quarter earnings how is it gone overall. By and large good enough small in the run up to the Q 3 are running seasons Hill was this and Xyzzy in fear in the market. That. The majority of these companies. They will Garrido were or at this point was planted to an uncertain outlook for the coming quarters and the briber for that was the floor for economic they're not full domestic and abroad which had started weakening. There are so it is a report that's coming in there was the the set up the actual reports turned out to be a lot better there's not much growth but that the 2 year ration that everybody appears to fear does not come through either shot is usually a beat the earnings by by 4 to 5 percent that was expected decline of about 4 and a half percent for the 3rd quarter when they're down about 2 percent as a whole is that correct so far that's true yeah so good for the $472.00 s. And p. $500.00 companies that have reported already total Dunning's are down about 1.2 percent and about 73 percent are meeting u.b.s. Estimates about 67 percent are meeting revenue estimates so odd or not the results have been better than expected and Yoko for the December quarter and the March 2020 quarter has not been kind in the in a material or significant way that should be concerning for stock market. So so the earnings are expected to sort of be Ok for the 4th quarter and then start really picking up next quarter because then we will in the 1st quarter of 2020 because we're comparing to 2019 set of 2018 Is that correct that's correct yes so the just to test the stat that from the Q 3 and the quarterly numbers. Your listeners would recall that $28.00 pm was a size record here in order to prove to a large extent because of the corporate tax cut there was a direct boost to. The bottom line and since 2019 each quarter the number is compared to the base year and 2080 and you have a very tough compares and so not much growth was expected we're not getting much growth in a similar trend as expected in the last quarter as well no Most changes. But what about the 1st quarter of 2020 Yes So in the 1st quarter of 2023 humans currency the expectation is for about 5 percent your we are growth the expectation is that growth accelerates. Towards the middle and the back half and for the year as a whole 20 twentieth's the whole only expected to be about it it's an s. Percent which then continues in 2021 as well so the earnings outlook continues to improve and 20202021 you recently wrote to about a week retail sector if you break down some of these earnings how weak Have they been and do you see them picking up as we get into the big shopping season. Yes So it's just it's almost tail off to walls we'll be looking at the retail so the when we categorize the retail sector mall 'd we put the traditional brick and mortar operators then we have the restaurants and then we also have young line vendors the online vendors have been doing very good the restaurant companies have been doing when you go to the question has always been about the traditional operators the Macy's in the north from going the targets up the walls and in that space it's a tale of 2 was there is this one group of companies that seems to be doing a really good in terms of transitioning to this new retail was where a lot of the business is handling this just in the online others are trying but not being very successful with that So among the unsuccessful ones you have the likes of Macy's you have the likes of Kohl's even the Home Depot are kind of from in that category or others like Target Wal-Mart t.j. Maxx and others seem to be on their way. In property or transitioning to this new role the overall consumer spending backdrop continues to be very good for the group as a whole should I say we're talking as sure as we have Director of Research at Saks what sectors are fairing the best and worst for the 3rd quarter. So. Overall the results in Q 3 turned out to be better than expected to be discussed earlier in terms of the market's reaction given the anxieties He's touched on earlier the overall tone for a number of sectors turned out to be better so finance reduced to sort out earlier construction was very good even of economically sensitive sectors like this in which you you'll get industrials did really well technology not so good a number of the tech companies are dealing with some some some long term issues soul the group hasn't been doing very good. We discuss retail overall takeaway on the retail side has to be on the negative side as well here as what impact has the u.s. China trade war had on earnings so far and what do you expect going forward. This has been a recurring theme in the in the squad are new reports consistently lately mull it as both a direct impact for her for a number of industries but the even bigger impact in all of that is negative is in the indirect care. And that pertains to the uncertainty about the outlook for next year and beyond which is prompting these companies to hold off on spending and expansion which is then diffusing throughout the economy so it's has been a negative factor companies are sizing that as a contributing factor is a major contributing factor to the uncertainty already and it has been the I'm negative force and I personally don't create the see the issue going to go away any time soon so we likely have been living with it for quite some time now I should also tell us a little bit about the Saks focus list what it has said and how is it compiled what do you what is it exactly. So the focus myth is that it is a poor horny off long term investment Express 50 stocks. And the rating system did we have those x. Raying and the rest of the nation which fried then the relies on earnings outlook as the primary driver it tends to be short term so the focus list and a few other for for us are the practical demonstration to our subscribers as to how to use visits rating system for long term investments so we will be suggest to lower subscribers to use the full list which is 56 as I mentioned as the starting point of the long term for for us it has primarily big large cast. For our stock I manage it it is the practical execution of my outlook for the markets and the economy it has been a stellar performer all full for the last few years I have a lot of faith I've been lucky in that respect but overall this is one of our long term for 4 years. And the top 10 portfolio says What is that and that's a calendar for formula for we we come all to be the top 10 for Full us the beginning of every year 10 stocks that we see as best position to outperform in that calendar year the 2019 point 4 used and to be beating the s. And p. $500.00 I managed or hold us well probably to. As much as there were sufficient as possible within the constraints of obviously just setting 10 picks but the right is if it's a practical execution of my Youk look for that calendar year typically we don't make changes to the 4 hold your During the year but if something fundamentally changed then I would make one or 2 changes are doing the year as well so these lists are available on the x. Web site if somebody wants to go in subscriber look at them out of there do that absolutely So these are these are subscriber products the focus of this part of the next premium to somebody Goldstein was that starts coming in searches for that focus list or those next top 10 for 40 will easily be. Linked to those products. Oh great so they can go and subscribe to them and try them out and see how they look what what is the outlook furnishings going forward do you think we are going to let's talk a little bit about the trade deal do you think the trade deal gets done or not done that's anybody's guess right now but what is yours that's true so I'm skeptical about the so-called phase one I think a lot of this. Is more wishful thinking and then anything substantive on both sides of some of those bills appeared to be coming out on the ready so that's the reason why I was suggesting that perhaps the president certainty is here to stay there will be with us in 2020 as well I'm not I'm not expecting the conies to my Youk look for the market and learnings for this issue to disappear over over the coming months. Sure as always thank you so much for taking the time to be with us today on market crap. That Shiraz me and he is the director of research and Sachs always fun to have them on the broadcast really has some great information and I really like the research that Sachs puts out you can go and to try it out go to Saks dot com right now and you can see if you go to their Web site it shows their research they give you strong buys buy hold sell and strong sell those the 5 ratings that they have and then they have the vax number one rank on that so that is the portfolio that they have which shows you you know what it has done and it has done very well those portfolios but you have to work this is something you have to do just don't buy just because it's on their Zax list you go out and buy it but you have to look at it and do your own research and but it gives you some filter to start where you want to start so go to Zach stock comp to get some more information on that if you want to come to the next seminar come to our Web site register for December 4th in the Bay Area December 9th in Scottsdale or you can always come by here Newport I'm here every day make an appointment any time well wherever you are in the country that you're tuned in you can always give us a call send us some information we can set up a what we call a meeting on where we can link the computer and I can go through it page by page where I show you exactly what we would do for you and how we would position your portfolio what we think will give you your. Wrist number we'll figure that out we'll show it to you how we do that all of that is there so you can make an appointment just call pound 250 on the cell phone wherever you are in the country if you would like to have me I would take a look at it personally and set up an appointment for you or you can come to the 2 and meet with me in the Bay Area I'm there on the 5th you know I'm in Scottsdale on the on the 10th time there and here I'm here every day in Newport Beach California . Pound 250 in the cell phone talked about to make appointments and review your portfolio state talk to now the right celebrate amazing savings at your local Sprint store now through Sunday November 17th you can pick up the new i Pad 7 featuring a $10.00 inch retina display and smart keyboard on us when you add a new line on a qualifying plan that's right get the new i Pad on us when you add a new line at Sprint there's never been a better time to switch your local Sprint store now through Sunday November 17th to learn more by consumption $32.00 Good bye dear dollars per month after $1000.00 team of the credit for 23 months credited by begin to build a party line up on plan if you cancel or the remaining balance to tax you and sale . Morning to more than just waking up heading to work or getting the kids out the door I'm Marcus Washington and I'm Laura Garcia with today in the van where we investigate a story that can change your morning with you need an alternate route to avoid trouble in your commute or you want to Bayer is more accurate weather forecasts will help you prepare for the unknown with a newscast that won't waste your time I promise is to make your morning a little easier so get up get informed and get going with today in the bag watch on channel 11 or cable 3 appears not available in all states maybe you've been saving for years as you head towards retirement but will that be enough to last a life time Hi I'm financial advisor pat of the 2 g one important cashflow issue is the need to have a strategy when applying for Social Security benefits there are many many options and you need to build the best possible strategy for you so says here it is as one item on the roadmap to retirement that we can help you with we have been assisting Beriah folks with their time and planning for over 3 decades please contact us for a complementary financial consultation about a strategy regarding Social Security benefits and how that fits in with other important aspects of your financial life path the 2 Jihad the 2 g. Associates the berries retirement specialists those that don't invest in Forget dot com Don't invest in Forget dot com. Securities and advisory services offered through United planners financial services member Finra s.i.p.c. Associates and United planners are not affiliate. Bay Area listeners make your reservations now from 0 in saris next 7 are on Wednesday December 4th you can also make an appointment to meet with him on Thursday December 5th and get your free for all your review that's when state December 4th for the free seminar and 1st 87 this is for your free portfolio review with Mo is a Bay Area register online right now at Compaq. That c.l.m. Ha dot com. Welcome back everyone to market drop by Bowen Sorry talking about the markets what happened today s. And p. Was down 2.16 percent on the day the Footsie in London was down point 33 CAC 40 in France was down point 22 Dax in Germany was down point 1635 in Spain was down point one to put c.m.i. Be Italy down point 31 Brazilian divest it had a good day up 1.21 percent let's go to the charts the language of the markets that's what you got to understand how they were pulling back consolidation today down point 16 percent for the s. And p. For supporters around 3080 we close at 3103 today and then we have more support right around the 200 day if we get below 3080 then we could come down all the way down to about 3020 which is the 50 day moving average then we have more support around 2920 which is the 200 day moving average those are the numbers how high can we go to get a deal done I think 30 to 40 is my calculation if we get the deal done but we could see some more clothes on solid Asian If we have an escalation in tariffs. We could get a correction but we'll see how that works out we'll see how the talks go in Beijing next week. Nasdaq 842-8600 has been the target we hit a high yesterday intraday high of 8578 which is close enough to 8600 today we came back down 8506 is the close for support of the 20 day before $31.00 next support $8203.00 which is $200.00 day and then we have more support around $7950.00 which is a $200.00 day the 8200 is the 50 day moving averages those are just simple nothing don't have to hold but that's what we see I'm looking at right now crude oil had a good day today finally above the 200 day moving average close nicely above $58.00 looks like now $59.00 or $60.00 becomes $61.00 becomes next support resistance is a resistance from $59.00 and then $61.00 support will be to the 200 day which is 5742 then we have the 50 day which is 5580. Those are the numbers on the downside gold did not good today not bad sort of still coiling in this after making that low last week where we got down to 15 or 14461450 has to hold if not we go down to about 1425 if we break that then we're looking at 1400 support resistance as I mentioned earlier 152-015-4050 extension 60 those are 3 numbers to get above 1560 then the eventual target becomes 1600 but the gold market that's the way I'm looking at let's go and take a look at some of the other stocks Amazon pulling back I think we're going back down to about 1680 last month's low was 1685 I think that would be a number I would look at and then there's the low that we made in and it was at the beginning of June end of May 16th $72.00 so that support right there if you don't have Amazon you knew you should have Amazon you want to get Amazon look at it around $700.00 is what I would look after 1734 today I know there was one day went down last couple of weeks ago looking at let's take a look at the other big stocks Apple Well you know the president was down in Aspen to Austin yesterday talking about even if we do put more tariffs on Apple might be excluded from the tariffs I think Tim Cook has done a wonderful job of managing. The political risk coming out of Washington of all higher tariffs and also has had a very good relationship with the Chinese also but support now we made a 3rd wave hi supporters on to 50 were to succeed to you and then to 40 which is the 50 day and if you get down there I would look at it as a buying opportunity right around there to $50.00 to $40.00 if you're not in it should be in it it's been my largest holding for a long long time so my opinions could be biased as far as Apple is concerned Boeing it was down today it was down but back it got above the 200 day last few days today right back below the 200 day 50 day is. 334200 days 345 and we closed at 3 I mean sorry 365 is. Is the is or $368.00 is the $200.00 day and $365.00 is the 50 days so I'd be looking at both of those with those of $6644.00 we could get a pullback to about $362.00 about $358.00 that's just short term I think once the Boeing $737.00 starts flying again I think that which is expected to be next month I think that'll give us a big push to the upside and get us about this big consolidation that we've had between. 1385 we well we made a high intraday high couple of months ago 391 and that was at the end of September so big consolidation we've seen between really about 340 and 390 and anywhere I think once we get the plane flying again the $737.00 Max off we go I think their earnings are going to start picking up again the cash flow will start putting pulling up again Disney target. As somewhere around 150 well we've got to when was the last we went 50.63 I think now we gets a little bit more consolidations see how Disney stream works but I think you get pullbacks I would like to buy it were around $142137.00 and a half somewhere around there if you don't have to see obviously I have to sneak in my portfolios already but that's all the time that I have today again folks if you would like to come to the seminars for just Shirley if you'd like to come and meet with me or if you want me to just take a look at your portfolio wherever you are in the country call right now pound to 50 on the cell phone talk to most get ready for 2020 Make sure your portfolio structured properly you have the right allocations you have the right number all of that into a complete evaluation absolutely free wherever you are all you have to do is doubt pound to 50 on the cellphone talk to months and look out like motor do or valuation of my portfolio it is free and I'll give you a roadmap also how to get from where you are now to where you're going down to 50 in the cell phone talk to that's all the time that I have today thank you so much for spending this hour with me I will be back with you at the same time tomorrow until then good tree. Mo in saris opinions about specific investments are not investment advice for recommendations to any individual listener opinions are not based on the specific financial situation of any investor so they may be suitable for some investors Compaq asset management and its clients some of the investment scholars ask about their for money have an interest in giving a favorable or unfavorable opinion of the investment because of time limits individual investments owned by Compaq and its clients cannot be specifically identified the information on market Rob does not constitute a solicitation of the sale or purchase of securities you should consult a professional financial advisor before executing a security. Trade or taking any other action based on information contained in this program customer funds custodian Adeleke institutional well services contact Asset Management contacts securities and 1000000 sorry a registered investment advisors never Finra s.i.p.c. Let's observe the inflatable new man is constant a major easing entices people to look at me look at me he's tired of this and brainless a literal that curiously haven't been faithful middleman when hearing that Tyco not in the same people Monday but also as an award winning and that makes it easy to manage one of policy he knows you should switch because yes 2 can do Geico is a no brainer just ask an inflatable new man Chesley the unpredictable creatures at Metro the best deal in wireless is on switch to Metro and get one full Amazon Prime membership included every month plus get 2 free phones from top brands like Samsung and l.g. With huge h.d. Screens all with 2 lines for just $90.00 that's the best deal in wireless only at Metro. 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When I saw a news on the wrong direction California justices reject the law requiring Trump tax returns the California Supreme Court has sided with President Donald Trump ruling the president does not have to disclose his tax returns to appear as a candidate on California's primary ballot next spring the ruling was unanimous chief justice tatic until sock away wrote in the decision that California's 1st in the nation law violates the state constitutions specification of an inclusive open presidential ballot the law was signed by Democrat. Governor Gavin Newsom this year the state Republican Party challenged the bill because it singled out Trump I might cross Meanwhile President traveled to Dover Air Force Base Delaware Thursday night to pay his respects to 2 u.s. Service members killed in Afghanistan this week when their remains were received in a dignified transfer ceremony this is s. Our end news.