Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witching friday you got two fed president s making the case, rosengren thinks the fed should have held steady, bullard pushed for 50 basis points well see what clarida tells sara eisen in an hour. When you look at what u. S. Steel said yesterday, i know u. S. Steel isnt a big market cap what it said about the economy and steel case, very good, versus Herman Miller very good, Big Industrial just not doing well i think that it depends upon who you look at, like, i think bullard looks at everything. I think you recognize that industrials really hurt him. Industrials doing badly. Not okay you didnt even mention corning or fedex or new core. Like i should have. Because fedex is a Gigantic Company and that was a wakeup call i do believe i know we spent a lot of time at the network talking about surveys and talking about this guy and that guy. Some guys dont do homework, rosengren has not done his homework hes a dogmatic fellow if you followed him, i think you would get a democratic president without a problem. And i think thats not necessarily his goal listen to blinder this morning, he said, yeah, i dont like trump. Okay maybe your data is skewed toward that if youre ford motor now, this is not a good time not a good time. Gm, not a good time. These are not unImportant Companies. Now, housing is doing well but key lock, the home equity loans havent come down because the short rates, the autos, the rates havent come down because of the short rates the short rates have to come down inorder to be able to restart that part of the economy. When people point to the city economic surprise index going vertical, you dont buy it no. Look, darden wasnt that good. We dont want to lose darden thats one area of the economy that is okay. Industrial production beating estimates by three times im not buying the numbers anymore. I think the numbers are better from adobe, you get better numbers, retail is okay. It is walmart, amazon, it is target, it is costco, downgraded yesterday, costco saying yeah im hearing Something Different from you, a new level of anxiety about industrial, yes. Im worried about industrial lets go back to the carmaker for a second jim taking a strike now, losing money as a result, but you seem to be fairly lugubrious. Im worried about preemption. What . Federal preemption against california oh. Back to the cafe standards and that am i not allowed to go back youre allowed to im not sure why that would necessarily be bad. 2 billion for ford. Ford is part of that, the company you want to maintain or hit the california standards, not the administrations lower standards. Have to make two cars in the great United States. I mean, i think the president views california as an outlier country and trying to rein it in. This will go through some judicial process the president hasnt won on this yet, right he hasnt won is it based on the consumers ability it buy a car or more on this regulatory question i think the Car Companies are having existential crisis. Excitiz existential. Theyre laying off Canadian Workers because the parts are not moving around. People have to recognize, we dont get the United States mexico canada treaty, we get the auto companies, we get boeing boeing doesnt get back on track, these are caterpillar numbers arent that great. These are Major Industrial companies. Yet, boeing is up 10 since the last record high. People keep thinking it is just one day well wake up and it is fine expedia was on mad money last night, travel is good. What did he have to say very strong, very strong. Okay. Hotels are good thats the consumer. The consumer, the consumer, the consumer we hear it all day long, on air, every darn strategist we talk to. Im minimum micking them no, sounding more alarmist than they. I dont want the strike i think the strike is bad. I do believe that the fed a lot of people told me, jim, youre relying on fred smith, who should retire. Fred smith should retire and United Parcel took the hit early on and they are in ascend ans. I worry when they say people like me are whistling past the graveyard. That tweaks me a little less optimistic. Gave you pause. Gave me pause. It hit you. It did. I read it over several times and i said, okay, well, fred smith, some of it is bad execution. But some of it is hes saying, listen, it is going to come here. Dont be foolish it is going to come here. Pointed out stevensons comments earlier this week too, flashing yellow. And bullard gets that bullard watches the show we know he watches the show. He hears i dont think it is all fed speak. Rosengren has charts charts we have to move on let me say that rosengren is ill advised here to your point, jim, were watching some Consumer Products like apple the companys iphone 11 line and the apple watch series 5 going on sale today as many analysts say preorders have been stronger than expected. Tim cook greeted customers about an hour ago, in new york city. They reopened the flag ship store, open 24 hours a day, 365 days a year. Katy huberty saying the demand trajectory is improving. Risk to the upside i have to tell you, the crazy thing here, i interviewed david taylor yesterday, ceo of Procter Gamble where is the strength . Where has it been growing . China. Starbucks. Spoke to Kevin Johnson recently, in preparation to go out to the annual meeting, where is the acceleration china. Yum china. Where is the acceleration . In china but apple, preorders what is this now apple lowered the price, very value conscious in china. Thats where analysts say the real demand is coming from. If you think about, if the chinese hated us, you would see the people, you would see a decline in starbucks, decline in p g, 10 growth in china, 10 growth, i find that amazing. Reuters had pictures of the Shanghai Store this morning. Im going to read here from the headline beijing and shanghai the store short queues of diehard fans contrasting with the hundreds who camped out ahead of previous launches thats bad. Wow. Okay, i didnt know that i read all these web bushlike notes which said the preorbit p are big. Cost costco, they had to close in shanghai, too much demand, couldnt handle the traffic, couldnt get the cars through. Costco is there anything more american than costco . No maybe the yankees. Very american very american very american i said american. American american. Pronounce it like american we have to move on. December 15th do you see any sort of impact on apple, isnt that something investors should be concerned about . We dont know i think the tariff im calling it in flux tariffs in flux. Plenty of people assume it may not happen if the talks go well right now, still december 15th we have key talks, a lot of people presume something will go right on the talks i know because i report that there are people who are hopeful that it doesnt go well. Because theyre not giving in. By the way, this fentanyl issue, the chinese were serious, then they would arrest 50 57 fentanyl purveyors they would arrest thats right from the heinz ketchup 57 variety 57 known fentanyl pushers. You know what they do over there, sometimes they theyre a little more flip of the switch over there you know, they have a capital punishment. The list of seven deadly sins. Hes someone i report off of. You know who loves you no. Bannon. Steve bannon. Is that a joke . Saw steve yesterday are you mocking me. From delivering alpha yesterday . Big hug. Interesting to listen to. He recognizes there is some of the stances i take are, you know, including my regime change stance in china, that i think he thinks im a little too far that way. The regime change . It is coming president xi, president for life give me a break. I would make a bet that trump is in office longer than xi if the democrats dont get their act together trump over xi. Did we solve that thing who is the bigger enemy, xi versus powell i dont think so. Sure, why not, as he said on fox yesterday. Why not . Where powell, is powells job safe. The president said sure, why not . My exwife has chickens you know what she is worried about, foxes you put that big combine i had on the other day, you know what happens, it takes foxes and shreds them, just shreds them like there is no tomorrow. Thats horrible. Why i like foxes. They eat the chickens youll never get another egg if you listen to that we have to move on i want to make that point that that combine shreds foxes. George clooney. Wes anderson. Mark zuckerberg made the rounds yesterday in washington he met with the president tweeted they had a nice meeting, but a chillier reception on the hill from lawmakers seeking tighter regulation i said to him, prove that youre serious about data, sell whatsapp and sell instagram. Thats what they should do spin them off. Sell them right now. And show that you have confidence in your core product. According to our reporting are you kidding does he even know does he even know . Does he even know what whatsapp is what does he think honestly, there an example of what we have to deal with congress person. Hes a senator. Senator oh, man, only 100 of those guys. Is he ever is he ever instad . He wouldnt know he wouldnt know face plant versus facebook. Very aggressive in terms of trying to have the releasing more aggressively and held responsible for the content on their platform i respect it. But im saying that facebook is not the enemy theyre getting it from everywhere, right . It is the ftc, it is the senate, it is but it will go on and i dont know how many multiple points you take out of facebooks stock price to account for the risk of continued endless investigations it may result in something down the road. Why does Free Enterprise have to be punished by a senator . Why does Mark Zuckerberg have to sell instagram and whatsapp, why . Hes not going to until hes forced to under antitrust law, which will be years away and a judge would have to do it and it is not happening anytime the prc, they have more freedom. The prc gives businesses more freedom. And, by the way, the prc just approved the 26 whats going on the prc just this is a segue. They just approved the fin star deal just now maybe now nvidia will be approved that was a segue somebody said move on. Not really i am angry about the senator i am because what is that prove it that the core business what does he have to prove, zuckerberg . And next thing you know, you dont need youtube it is a free country it is it is free. As of now, they cant be forced to do these things. Still has the rule of law. Were hanging on thank you the senate, we got this thing the bill of rights, they ought to give it a little give it a google you know, check the google box on bill of rights. Yeah. How come youre not fiery with the squawk tease, so nice and polite on the tease. I know. I got to get warmed up wd40 spray after and wd40 instead of deodorant im still the foxes still upset me ever see a fox run through a field . The ceo took me aside and just you ever see what this thing can do to a fox . It can shred it like nine ways to and the geese. I havent brought out the fox. Geese are one thing geese are okay a lot of geese cramers mad dash and opening bell coming up on this quad witching friday. Next hour as well, sara eisens exclusive with Richard Claire day, the central bank facing challenges with another Interest Rate cut on the books. As we look for another potential record close, first since july 26th well see. Were ba ia nu ckn mite 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. And youre still not sure if you want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with td ameritrade. I mean, if you havent thought abfrankly, youre missing out. Uh. The mobile app makes it easy to manage your policy, even way out here. Your marshmallows. Get digital id cards, emergency roadside service, even file a. Whoa. Whoa. Whoa. Whoa. Whoa. Whoa oops, that cheeky little thing got away from me. My bad. Geico. Its easy to manage your policy whenever, wherever. Can i trouble you for another marshmallow . Breaking news up of saudi arabia, our first pictures from the site of those two Oil Facilities that were attacked last saturday. Hadley campbell is live on the ground, currently on a tour of the aramco facilities and has the latest hadley reporter good morning, guys. This is the second stop on our tour of saudi aramco this is a 70yearold facility as you can see behind me, this is one of the areas hit in these attacks. We heard from the Saudi Defense forces, they were saying as many as 18 drones and cruise missiles were involved in this attack they said they were iranian made but didnt pinpoint where they had been launched from one thung i want to mention is they consider this facility the mother ship. The largest oil and gas stabilization facility in the word, the mothership of the saudi aramco operation remember, of course, they were explaining to us in terms of the fires, if you dont get the fires we saw after those explosions after those terror attacks under control within the first 15 to 20 minutes, they say the damage that the attacks had inflicted would have basically been irreparable and it was just mainly due to the immediate Emergency Response force in terms of pointing hoses at the sphericals that they were able to get fires it the levels where the whole facility wasnt destroyed. The video over the weekend, those werent completely out for seven hours, but they said it was the critical ability to get at the flames in the first 15 to 20 minute period that aloud them to save so much infrastructure of the facility. Remember, of course, were talking about 5. 7 Million Barrels per day not immediately off line here. Already this facility is up to 2 million after the weekend was complete they managed to get things back on track at least enough to do that the numbers of course coming from the oil minister earlier this week completed the ability to get back to 11 Million Barrels per day in terms of the end of the month and 12 by november theyre sticking to those numbers because theyre asking them again and again in terms of what we can see the completion of all of this work. This is the largest oil and gas stabilization facility in the world, it is the mother ship, the center really of aramcos operations, the lifeline of the saudi economy here as you see behind me. Well continue this tour, but, again this is one of the many sphereoids hit by the attacks. Just so were clear about what happened here, were talking about 11 hits on this complex alone. Also five hits in the columns and stabilization area that we showed you earlier well continue our tour. Ill leave it there with you back in a minute really quick, while i have you, journal yesterday said the kingdom was seeking some diesel and gasoline supplies to save crude for exports. Do we take that seriously . Reporter ive heard that behind the scenes, i havent yet had that confirmed as soon as i do, youll be the first to know. It was expected that the conversations we had in the last few days, particularly at the back of the press conference with the oil minister that the fact they have such a large amount of capacity was going to be able to pad them out for the coming months as well. Something to keep in mind. Guys, i got to go. Hadley gamble, thank you very much. Jim stewart, the Pulitzer Prize winner weighs in on bob eig, disney and apple. Look at the premarket, more squawk on the stree cties in men aomt. Tonnu our 18yearold was in an accident. When i called usaa, it was that voice asking me, is your daughter ok . Thats where i felt relief. 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