Hathaway and mcdonalds is the biggest drag on the dow. Coming up on the closing bell, uber results are after the bell. And we will have a live and exclusive interview with the ceo of the company dara cache sha hee you dont want to miss that in one hour keith, great to have you here. Great to be back with you another record day of highs for the s p and nasdaq and now the dow which we havent seen a new record for the dow since midjuly i think we trade higher into the end of the year for lots of things going on. If we start getting capex where things are going with trade talks, then youll see this rally not only continue through the rest of the year but into 2020. All right all right so it is an incredibly busy monday for the markets and your money. Weve got the record highs that morgan just talked about bob is all over that youve got michael santelli. Kate rogers all over the mcdonalds ceo firing. Courtney reagan on the under armour story, and were joined with a new look at what Td Ameritrade clients are buying and selling. Good news is new highs for the major indexes. Bad news is its a limited breakout im looking for stocks at new highs. Not indices. Two groups make a difference now. Banks and Big Industrial names all the regional banks are hitting new highs today. All the classic names. Suntrust, key corp all 52 week highs right now. Jpmorgan, bank of america, citigroup. How about the Big Industrials . You might be surprised what happened to the Global Economic slowdown . Dover, deere, caterpillar, illinois tool works. All 52 week highs. Why . A lot of hope the trade talks will go well only a small smattering of tech stocks corvo, swks. We need a little bit more breakout, guys we had only 50 stocks on the s p at new highs today we need a little bit more movement and were going to see 30 of the s p at new highs. Well see. All right bob pisani, thank you. I think you should trademark that one makes up for my santol santoli santelli mistake at the beginning of the show. Thank you ive been called much worse. But im going to pick it up there. Is it a believable breakout . Ill look at some of this context for the move here. Then the globe gets going. Nonu. S. Markets having their moment which is a little bit of a different factor this time around in terms of this rally. Then is the sauce still special at mcdonalds under a new ceo . Look at the valuation sentiment picture there. Then expecting ennaoui well get to that next hour. But believable breakout. Heres a twoyear chart of the s p 500. If you remember january 2018, this was your dramatic buying fr fren zee thats last september. Fren if you want to consider that another breakout, that was 2. 9 above this high youve not even got a 3 threshold. What would that mean right now it would mean about 31. 16. Theres no magic attached to that if you got beyond it, it would tell you the breakout is more decisive than the prior two. Its been a long fight its been a long sideways road theres a lot of people who think this one has some potential to put a little more distance between it and the prior highs. Yeah. Finally put to rest all that conversation like weve had a good year. But over the last 18 months weve finally gotten flat. Thank you very much. All right. Now lets turn to the shocker that is Mcdonalds Steve Easterbrook fired for having a consensual relationship with a fellow employee and hes not the only executive out at mcdonalds today. Kate rogers has more on this big story. David fairhurst is also out effective immediately. The company only said he departed today easterbrooks last day was on friday he is succeeded by chris chimsinsky under easterbrook the stock had climbed nearly 100 . He was credited for turning this brand around after a major slump. You just touched on it, but easterbrook made investors a lot of money certainly his tenure seen as successful, you could say. Should we expect to see him move onto another restaurant brand or company in the future . Great question. His severance package was detailed today he cant do that for another two years. He has to be in a waiting period they named a lot of noncompete restaurants. Chipotle, dominos, yum brands. Then wawa, jamba juice, other companies. He could wind up somewhere in the future but itll be a little while for that share of mcdonalds is down 3 today under armour is also facing pressure today as the Company Reveals details of an investigation into its Accounting PracticesCourtney Reagan has that story for us so that news did send a number of shares down as much as 15 premarket then they reported better than expected earnings but it didnt matter the stock didnt really move on that the wall street journal reported the department of justice and the s. E. C. Are investigating under armours accounting with revenue recognition. Particularly other revenue was shifted from quarter to quarter to make sales look better. So the Company Tells cnbc its cooperating with the dual investigations and has been since responding to the initial document request in july of 2017 under armour says, quote, it firmly believes its Accounting Practices and disclosures were appropriate. Back to you. Yeah. Courtney, you talk about making money. I mean, under armour has done the exact opposite the stock is down 50 from its july 2015 highs. All at the same time where i guess its closest competitor the company its modeled itself off of, nike, has done well. The divergence between the stoc stocks, nothing short of shocking agreed. Now that we know this investigation has been going on, we know that that meteoric sales growth really started to slow in late 2016 at least with the company disclosing so if they looked if the government was looking for documents in july of 2017 around sales and revenue recognition, it just looks a little fishy and then of course we know theyve had three cfos between 2016 and 2017. Weve got this executive shift thats happening on january 1st. Theres a lot of questions and analysts say, look theres a lot of overhang here right now. Its really hard to sort of even look through some of this to make projections to the future which as you point out, the fundamentals also make this a challenging story. Yeah. When you start to slow down, maybe theres an incentive to keep that going. Courtney reagan, thank you very much appreciate that. Well, despite those headlines, mcdonalds and under armour, the Macro Markets are on pace for a record close. Even the dow at a new record apple leading the charge despite some recent data from Td Ameritrade that they have been net sellers of apple for seven months in a row. Lets bring in j. J. Kinahan at said firm. Good to see you. Pleasure to be here so you guys have this Investor Movement index. The imx as you call it you track what your retail clients are buying, selling. What millennials are buying and selling. People are selling apple they are. I want to be careful about how we set that. Its still the number one held stock at our firm. So people have been selling apple as you said, seven months in a row its been the most surprising thing weve seen this year in this it does measure how people actually trade so what it tells me is every time theres any kind of bad news on the tariff front, i think our clients synthetically play that through apple. We were at a conference this week that was a theme we were talking to them about. A lot of their suppliers could be affected. Im long apple when i get nervous, i want to cut back on my holdings a little bit. The other thing thats been surprising is theyve been to, you know, buyers of fixed income but the duration has been six months or less there continues to be this demand for stocks maybe not at this level theyre parking cash waiting to move in when stocks sell off a bit. Keith, apple. Its up to date. Does it make sense to be seeing some profit taking or some selling in this . Of course it does when you look at when they did the seven for one split a few years ago which would have put them on a trajectory to make it a thousand dollar stock before they did that, people said theyd never get back there. Its gotten back there and then some in spades i think what j. J. Is illumina illuminatiilluminat illuminating for us, i know people that have held apple for many years when you have that kind of cost basis and youre unsure about the macroenvironment, especially with a company like apple, then why not take some money off the table and Start Playing with house money. Its interesting what theyre buying as well we need an acronym for something. What are we going call it . Madd i think thats taken. Yeah. Look at that Amazon Disney microsoft and at t with the exception of at t, these are names that have gotten bought for so long do you worry at all that everybodys buying the same stuff . Disney has been a sale seven months in a row. Apple has been a buy talking about disney and at t particularly, i think it might be a comment on the streaming wars coming up also in terms of that netflix, by the way was a net sell the other thing about at t, people are still searching for return so also perhaps rather than parking their money in the fixed income, saying why dont i buy a blue chip stock . Have a nice chance for a capital gain which at t has given them microsoft had a little bit of a selloff. We saw declines come back in so again, a lot of those factors play into this quickly, j. J. What millennials bought got my attention. All of these names are suggestions. Some that have been through scrutiny they continue to like the cannabisrelated stocks. One thing i would say on that, dont forget this could be a longterm play and as we go state by state, if you have a longterm time horizon, that might not be a bad thing to think about altria was a little bit surprising to me especially from the millennial clients joefrl juul. I think that was your point. The juuling, the vaping. Exactly and starbucks makes a lot of sense also but again, it is kind of interesting to see people adjust their cash even although i may say im going to be green and all that adjusting the client in places where they can make money. Theyre getting up on coffee, down on cannabis last quick thing you were talking about acronyms sale real pleasure thank you. Thanks. We got a long way to go on deck an interview you cannot miss uber ceo talking immediately after their results hit the tape will it be another multibillion dollar loss . Well bring you through that process. After the break, were going to talk to the ceo of Kaiser Permanente about the Elizabeth Warren health care for all proposal stay with us it was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. 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. Welcome back to closing bell. Were on pace for record closing highs on the dow, the s p, and the nasdaq if youre counting at home, the number to watch to hit that record is 27,359 we close anywhere above that, and you put a stamp on it with a new record all right. That is the macro. Lets now get micro and dive into singles stocks. Shares of ferrari on fire today. Earnings and revenue beating the street ferrari also raised 2019 outlook. I heard Morgan Robert mention that ferraris profit margin per car is 34 isnt that incredible on a multihundredthousanddollar car, thats incredible its almost as amazing as your italian accent now. The wall street journal is out with a criticism of warrens fantasy plan joining us is bernard j. Tyson of Kaiser Permanente lets begin there today. All the discussions around medicare for all how you the ceo of one of the Largest Health care systems in the country is thinking about that good afternoon. Hope youre doing well you know, we have stated our position over the years. We do believe in universal access for everyone. So were on the same issue the way the Health Care System works, you have to cover it to what i call get to the front door of the american Health Care System we dont think that medicare for all is the solution thats going to solve the problems that everyone is very concerned about which is the affordability of care we will be spending the next 10 or 15 years once again focused on the coverage side of the Health Care Landscape and i would argue thats not where the safings are going to come from thats not where the affordability agenda should have the time and attention focused on it should be on the delivery of care itself. And so you end up disrupting, you know, over 300 million americans, putting them into a new coverage system that is questionable at best so i wonder how youre thinking about that at kaiser. Especially given the fact we talk so much about ceo uncertainty, Business Uncertainty right now because of trade wars and softening Global Economic growth, et cetera but the president ial election of 2020, i would imagine theres a lot of uncertainty for health care there too how are you approaching the disruption or the fixing of health care at kaiser . Well, i mean, we are one of the unique organizations in the country when it comes to health care because were designed and were organized where we provide both the coverage and the care number one. Number two, people call us a closed system even though we do buy services from outside of the four walls of Kaiser Permanente. But we have all of the resources inside of Kaiser Permanente to provide care and coverage to our 12. 4 million Members Around the country. And so we look at it from a very holistic point from the coverage side and the care side so on one hand with the Elizabeth Warren proposal, i mean, shes been pretty clear that she would wipe out as she described it organizations like Kaiser Permanente from the coverage side and i would argue thats not the best way to go. We work hard every day to make sure we provide coverage we have all kinds of financial assistant programs for our members. Who are set up as a not for profit so we run as a not for Profit Organization so our incentives are all aligned to Community Benefits and the well being of the entire community. Well, her strategy would destroy that on the other hand, we also mr. Tyson, its Brian Sullivan how many employees do you have, sir . We have 220,000 employees in our permanente medical groups, we have 27,000 medical physicians so we are a holistic system. Well, im assuming that the majority of them are on the delivery side and so however shes thinking about constructing the care side of her proposal, they would fit into that category you know, and then obviously she was talking about that youre going to drive cost out. We work every day on driving cost out its not as easy as it sounds. Rightfully so, we have to pay wages and benefits to our employees. 90 of which in the Delivery System are unionized and so, you know, as she talks about driving down cost, youre not going to just automatically tell employees, professionals, unions that were going to cut your wages and benefits, you know, 10 , 20 , 30 . Which i wouldnt support because it doesnt matter weve got to go listen, were trying to have a threehour discussion in a fourminute interview. Sorry objeabout that, mr. Tyson. On the employees not delivering care, not the doctors and nurses the employees of Kaiser Permanente who rhelp run the organization out there, what happens to them . Well, i mean, if theres no, if you will, option for selling commercial insurance which is what shes suggesting, they would have to find new jobs elsewhere. There would be new jobs created with her program, but we dont have any of those details. Then we have all of the systems and the processes and patient information and everything that would have to be worked through. So there are a lot of details to be worked through that she hasnt given any of those at this time. And probably as too early for that anyway. Yeah. Long discussion here im sure the first of many debates. Bernard j. Tyson, thank you very much thank you well, the latest atwork survey from cnbc and survey monkey finds that values matter in the workplace why do we say that okay 69 of working americans say it is, quote, very important to work for a company with clearly stated values. Another 22 say it is somewhat important. And many younger workers have walked the walk as well. Nearly one in three workers between the ages of 18 and 34 said that they have left a job in the past five years because their employer did something that was morally unacceptable to them interesting stuff. Would you like to know more . Well, you can. You can check out the full survey results on cnbc. Com work. Well, after the break, wall street firm sea port global is rkising red flags about the the two names they just removed from their buy list next so servicenow put your workflows in the cloud, huh . Mmhm. Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Welcome back to closing bell. It is time now to get the word on the street. Jeffries downgrading papa johns theyre saying the pizza is getting more difficult Seaport Global securities getting tough on Home Builders downgraded saying yeah the sector right now is in a sweet spot from a news flow perspective. Building activity w