Jumped in early. And hollywood outrage that netflix has a new feature that will let you binge watch all of your shows in hyper speed. Good morning, good afternoon, good evening thank you for joining us on this busy morning the chart to watch today is beyond meat. Shares are off 9 . Posting their first profit ever but the market wanted more we saw shares fall over 10 . Beyond meat, certainly a stock to watch down 9 . An early investor will be with us in a few minutes. A double dose of breaking new in the energy space new reports that saudi aramco aiming to price anticipated ipo that will occur december 4 then the stock will begin trading in riade on december 11 separately, the wall street journal is reporting that Marathon Petroleum may spin off the speed way gas station chain. Also reporting its ceo may be replaced the situation on marathon is fluid. The correct ticker is mpc. There are two marathons. Often confused getting back to the markets. The s p 500 as you might have heard about, coming off its 14th record close of the year the dow a little more than 1 away from the alltime high. It is tuesday, kind of spitting rain here in the northeast well call it flat the bond markets and yields still very low well talk abouthousing here a well talking about encouraging more home buying or home remodelling. Here is a hint it is. Finishing up their night as well japan, one of the hottest markets in the last couple of months china flat but slightly down in the european trade, the uk has been the only market besides ours in a trend. Optimism around trade progress is really keys to the story. That has been the market moving thing. Eunice yoon, it is always great to see you on. Tell us where we stand right now in the u. S. china trade talks. If you dont mind. I am 12 hours ahead of you but besides that, the u. S. Trade Representatives Office has said it could considerextending tariff exemptions. Companies have from december 1 to 30 to pitch why their products should be exemption already cell phones and stainless have been added. Beijing would welcome anymore of these exemptions they have been demanding that additional tariffs be removed as part of this trade deal. It confirmed phase one of th agreement had been completed today on state tv, there was a commentary featured that president trumps remark that a deal could be, quote, ahead of schedule is, quote, realistic but not guaranteed, of course. Foreign minister was very critical today of the fccs decision to hold a vote on november 19 to determine whether or not huawei or zte are National Security risks. Because that designation would block u. S. Companies to buy gear from huawei and zte as they try to build out the rural parts, the telecon infrastructure for rural parts of america always a pleasure have a good night. Despite the optimism around trade, your next guest says investors may be ignoring some warning signs. Mark, it is good to see you. Do you think the markets have gotten ahead of the fundamentals i think the markets are looking for the better side of this story it has been a mixed picture of the earnings i think what we are ignoring is negative Earnings Growth and a chance for earnings recession. Good news priced in to the market people will get some sort of trade deal which tones things down this whole trade dispute is causing uncertainty. Capital expenditures are down. There are a lot of warning signs from business. The labor market are starting to slow hours worked i think there are enough signs out there that tells the investor, hey, we are not suggesting a crash or recession. I wouldnt think that this is a totally rosie picture for stocks those returns are quite muted. No timing of when well have the period of relative underperformance it doesnt mean you cant ink out the gain they are looking like they are behind us the recent activity wont become the market. Is there anything you do like starting to have the one handle and the slowing if there are uncertainty. Look, that trade deal if it happens will be within a few months of the 2020 election. Especially with some of the competing programs we have seen. Consumer is still relatively strong staples have done really well. They are not overpriced and we continue to look there you have been warned and we appreciate it. Have a great day there when we come back, downright ugly well reveal the name to watch that is the mystery chart. Why the mother land, you know. Ireland could be the big winner when it comes to brexit. Did you know it has the hottest economy in europe . Uber revealing its next generation Delivery System six propellers, no wheels. It is for the burger, not you. We are back with the story coming up. Servicenow put our workflows in the cloud. This changes everything. Youre right sir. Everything. No not everything, i mean youre still blatantly sucking up to me gary. Brilliantly observed, sir. Always three steps ahead. Six steps ahead. Sixteen. So many steps. You done . A million steps ahead. Servicenow. Works for you. As we learned, the uk has reset the clock. Extending the brexit deal. That leaves uncertainty for those who do business with england. Companies looking to stay tied to the eu. Irelands economy the hottest in europe ireland has the youngest population in all of europe. Joining us now, ceo of the Agency Responsible for attracting investment to his country. Thank you for joining us do you have a view on brexit you must will it happen it is not going to happen in the next couple of days, which is the next milestone. Well have to wait and see will it happen before the 31st of january. Brexit has equated to cost and disruption and created uncertainty, weve seen a lot of investment as a result over 80 companies have moved functions to ireland because of Brexit Pharma and medical technologies. Anything touched by regulation how much of those moves are directly because of the threat versus that they want to be in ireland with the 12 Corporate Tax. Weve had a strong run. Even brexit, extraordinarily strong run that is a lot of things including a consistent transparent tax rate we have access to the u. S. Labor market you mentioned,we have one of the youngest labor forces. So all of these things are contributing brexit created the trade into europe they needed to continue to trade and they had to choose another location youve been so attractive on that side as well. You are clearly tied to brexit absolutely. Is there a risk of an irish exit no we will continue to be part of europe investors continue to trade into europe support is really high over 90 popular sup porport how does a lower tax rate here impact your competitiveness . Listen, all countries change their Corporation Tax from time to time. I think, people maybe read too much into the tax piece. I think it is the stability that has benefitted us. I they the Companies Know what they are getting you dont have politicians there saying lets raise the Corporate Tax rate no, the two parties that have governed have pretty similar policies there is no prospect they had been extraordinarily clear. Who is your competitor . Many Companies Based there and we are talking about dispersing head quarters. Frankfurt . London new york i think all of the above. I think some companies have looked globally to see where they want to regroup to. I think the uk remains a strong competitor if you look at independent analysis as to where financial services, Brexit Services related. You got hot, then really cold. You are hot again. Are you making the same mistakes you did last time . No. I dont think so our mission is sustained growth. I think we are making the right decisions and investments. We have a really good proposition for investors. Cranking on all cylanders a rare stumble for google. Those shares on the rail later on, facebook dipping its toe to try to help you stay healthy. Will you like this story . More when we come back after this where others see chaos, we see patterns. Connections. Relationships. When you use location technology, you can see where things happen, before they happen. With esri location technology, you can see what others cant. Danafarber Cancer Institute discovered the pdl1 pathway. Pdl1. They changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. No coverup spray here. Cheaper aerosols can cover up odors in a flowery fog. But febreze air effects eliminates odors. With a 100 natural propellent. It leaves behind a pleasant scent youll love. [deep inhale] freshen up. Dont cover up. Febreze. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. We dont do it every day or every week with all these stocks rolling out, lets do it with some of these stocks first the good that stock up 14 . Clinical data shows one of the companys experiment al drugs shrinking tumors in patients with advanced lung and colocectal cancers and alphabet reporting ad sales did drop but costs pile up rising faster than revenues as it vests in new business google shares down finally, the ugly. Grubhub, shares sliding more than 30 32 to be expect gave a weak outlook. They blame per mipemisquis dines people using more than one app when we return, wildfires continue the massive kinkade fire continues to burn. L. A. , still parts up in flames well get a live report when Worldwide Exchange returns after this but when a recall happens, perfectly good food goes to waste. Now, weve got away around that. Looks good. Were on target. Blockchain on the ibm cloud helps pinpoint a problem anywhere from farm to shelf. Its used by some of the biggest retailers everywhere. A nice wedge. So more food ends up on your table, is that daddys lettuce . Yeah. And less food goes to waste. And less food goes to waste. Sfx upbeat music a lot of clothes you normally take to the cleaners arent dirty dirty. They just need a quick refresh. Try new febreze clothing quick dry mist. It eliminates odors and refreshes lightlyworn clothing. Breathe happy febreze. La la la la la. Welcome back. 5 23 here. We have a developing story as numerous wildfires continue to rip across california. The massive kinkade fire continues to grow. P garchd pg e plans for more blackouts. Jay gray is there with us. Whats the latest. Reporter brian, i want to give you an update here over the last 30 minutes or so. A flurry of activity weve been pushed down the hill. Theyve been dropping water about 100 yards behind us. Flair ups in areas already burnt out. Devastation for miles. A string of fires burn through wine country and burn out of control. Youve got hundreds of thousands of people evacuated. Those still in their homes many without power youve had structures burn a bit of a dip in the winds moving into today, those winds are expected to pick up late in the week trying to make any progress understanding that Mother Nature is coming back fiercely towards the end of the week. Theyll be dealing with a much different animal that is a tough scene. They are indeed very brave be safe, stay on the move. Thank you very much. Utilities remain in the crosshairs of this terrible story. Pg e stocks were hit hard. Remember they have been operating in bankruptcy protection since january costs will likely cut into recoveries thats why you are seeing many of these bonds and stocks sell off. Others to watch include Edison International and Sempra Energy as well. Still to come, why wall street has a ways to go if it really hopes to rewrite the record books your story of the day. Well make y mouore smarter are coming up after the break. Re se. As a mom, i knew it had to work. There were babies involved. And they werent saying much. I envisioned what its like for babies to have diapers around them. Thats what we do at 3m, we listen to people, even those who dont have a voice. At the end of the day, we are people helping people. Rowithout the Commission Fees and account minimums. So, you can start investing wherever you are even on the bus. Download now and get your first stock on us. Robinhood. His favorite team, the 49ers are undefeated half way through the earnings season, have the numbers for the markets been that hot . Why isnt anyone building houses just how hot the home renovation market really is and boeing ceo in the hot seat headed to capitol hill facing tough questions on the safety of the 737 max jet and can he keep his job. Worldwide exchange rolls on now. Welcome back 5 29 on the east coast im Brian Sullivan we are half way through the 5 00 a. M. Hour. The dow down 32 points a long way to go the s p coming off the 14th record close new records for the overall market the dow, still more than 1 away the bond market not moving much. Yields around that 1. 8 . Now that we are finally at a new record high. Who better to do that than our good friends over at Bespoke Investment group we are in day 3,085 of this bull market this run is only the second longest of all time and by a long shot. The longest bull market was run from 1987 to 2000 just before the nasdaq bubble popped that run, 4,494 days gained 582 without having a 20 drop on a closing basis ever that record may norv be broken then there is this run which would have to go to june 2021 to tie that record. Third longest bull market of all time, post war 1949 to 1956. Just how far weve come and how far we need to go. More perspective today marks the Half Way Point of the earnings season dom chew joining us now. Have they come in more like the 49ers or the browns . All about expectations. I think the 49ers are good because they came in with relative wi relatively low expectations. This earnings season is all about expectations six dow components are part of that as well no shortage of big corporate catalysts. Remember, this is going to be a big day as well with Energy Earnings all of these names scheduled to report exon and chevron on friday we are just about there. If we tally up everything and whatever comes out this morning by two or three hours from now when the count is all done, we should see a Half Way Point. With about 204 Companies Reporting from refinitiv, you have a nice beat rate. Generally speaking, that beat rate pretty good and just about in the same line as historical context. If every Company Reports as expected, you could see blended Earnings Growth come in 2 lower. That is where weve been eyeing things out blended Revenue Growth up 3. 3 things look pretty good but because of expectations for earnings season have come down so steadilies it easy to beat those lower expectations we got it what about sector by sector. You mention the energy if that sector was stripped out, youd see modest Earnings Growth there is a reason why. If you take a look at this, energy is expected to drop by the Earnings Growth. Technology is down about 5 as well those represent the biggest drags. The two biggest tale winds real estate and health care. Those are the out performers, underperformers. Well see if those play out as we hit the Half Way Point. Back to you. Thank you now to arguably the most talked about stock in the entire market not tesla. It is beyond meat. Shares off again concerned about two things, driving and selling. More competition and more shares as a lock up expires welcome back good to see you. We are the media we focus on the fact that stocks have gone from 220 to over 90. About a 250 gain. What do you think the stocks issue has been i think with the ipo lock up that was released yesterday. You have many investors that have incredible profits. Stocks up about 4 x. That stock is off its high you have a certain amount of dislocation. How i look at it, markets are efficient. Last year, they did 88 million in revenue on an annualized basis, there was 360 billion they had 36 gross profit margins. When you weigh that against any other meet product you are looking at tyson with 12 gross profit margin. This Company Continues to underpromise and overdeliver one mans opinion i will say this, ive noticed their products in the super markets. I keep an eye out. It wasnt there before it is there now. Is that a good sign or bad sign . This is not going to be a winner take all market more competitors will come on. Who will be the other competition coming on. But right now, they are in over 50 countries the product, most people eating this are reporting they are flexitarians not just vegans or vegetarians plantbased meat is here to stay youve got healthiness and sustainability as the big trends you hear the estimates about the size of the fake meat market are they overstating it . No. Look at the plantbased dairy market take that out and if the meat market is 1. 4 trillion, start to play some what ifs if plant based meat can be 10 of that. Massive. This could be coke and pepsi you are staying in . You are still in im actually hoping the stock pulls back because youll buy. I would be a buyer. I think the longterm life of this is incredible next, beyond shrimp that is in investigation with new wave foods. The title will be shrimp fraud. Pretty ugly like jumbo shrimp do not miss the ceo of beyond meat look at that, holding the burger and got the tshirt on coming up, facebook getting into the business of trying to keep you healthy. Well check on how they are doing that and other stories youll be talking about. Call this the baby shark boom. How that song is being used to hopefully help the nationals win the world series it is random but interesting i apologize. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. So servicenow put your workflows immhm. Cl