After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
He has testified that he believed that Security Assistance for ukraine was tied to an investigation into the bidens. My clear impression was that the Security Assistance hold was likely intended by the president , either as an expression of dissatisfaction with ukrainians who had not yet agreed to the burismabiden investigation or as an effort to increase pressure on them to do so. Reporter testifying today, fiona hill, former top russia expert on the National Security council. She in part heavily criticized those who feel it was ukraine, not russia who was responsible for meddling in the 2016 president ial election. Back here at the white house, that lunch meeting, neil, we think it will be five or six republican senators involved. Two on the left side of screen there, i guess you could say are interesting ones. Susan collins, mitt romney expected to sit down with the president. At times they have not followed the party line as it relates to maybe agreeing with President Trump. Im tol
This morning, National Securities corporation chief market strategist, art hogan is hill, liz peek is here and James Freeman. Great to he see everybody. Thank you to all of our veterans this morning and their families. Liz peek, you have people in your family. Our son is a veteran. Maria thank you so much. And thank you everybody. We want to give a big shoutout all day today to our great heroes of this country. Our top story this hour is violence erupting in hong kong over the weekend, the protests now in the sixth month. Police fired gunshots at protesters early this morning sending one man to the hospital and the emergency room for emergency surgery, another man in Critical Condition this morning after being set oven fire for confronting protesters who had been vandalizing a subway station. This story is not going away. I think this is also creating pressure for xijinping in china but when you see things turn this kind of violent you wonder what kind of impact it really will have. It
But the 52 billion man, Mike Bloomberg, was not in the debate. All in all, it was rather subdued affair, especially sense it came just hours after another day of impeachment hearings. Oh, how different from the highly rated Republican Debate four years ago that featured donald j. Trump. Thats that. The debate. Lets get to the money. Macys profit went up, sales went down. The retailers very much in focus as the Holiday Season gears up. So far, Department Stores like macys have been struggling. They are largely based in malls and malls are getting clobbered by online shopping, amazon in particular. Macys stock will be down about 4 . Look at this. Charles schwab, number one discount broker, talking about a merger with number two, ameritrade. Looks like they will become a very big bank that offers free stock trading. The whole brokerage world, really shaken up. Both of those stocks up significantly. Overall, the market is still yanked around by trade headlines. The president says this, the
Tariffs rolling back in phases as we go forward. A spokesman for the Chinese Commerce Ministry Says if the deal gets made or gets finalized, this would happen. Here is exactly what he says. I want you to hear this. Listen. Translator if the two sides reach a first phase agreement, the already proposed tariffs will be canceled proportionally. This is important part of agreement. Reporter we heard if. We heard in the last minute that was accurate statement, coming out of u. S. Trade sources here, Senior Administration official saying that is an accurate statement. Chinese sources tell us they have been told about it u. S. That the december 15th tariffs will not be imposed. A trade source on the u. S. Side, says if there is deal finalized they do not expect the december 15th extra tariffs to be imposed Going Forward. Separately both sides say idea of a trade deal pushed into december is not part of discussions at this point. Theyre working with a time frame, apec time frame. To have final