Uptown girl. Shes been living in her uptown world. Ill bet she never had a back street guy. Ill bet her mama never told her why. Im going to try for an uptown girl. Shes been living in her white bread world. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. The webbing which march equity market opened. Lauren happy veterans day to all those who served out there. The dow is down 102 points, s p is down 10, a third of 1 , nasdaq giving up 36 this morning. Thats about half of 1 in the red. Deirdre if you look, a sea of red in the asian markets right now, the nikkei, shanghai and hang seng all moving lower, this as part in tensions in hong kong soar again. Lauren good news for the u. K. Economy, the they avoid a recession, gdp in the latest quarter growing. The ftse 100 is down a half of 1 . The cac is up a point. Thats good news, i suppose. Deirdre well take it. Lauren he lets start with a bullish bull issue on the u. S. Economy. Jamie dimon talking up the strength of the u. S. Economy under President Trump despite the u. S. China trade war and other tensions. This is the most prosperous economy the world has ever seen and it will be prosperous for the next 100 years. Lauren the stock market has been on a record tear. If the s p 500 has a record close today is it would be the 100th under President Trump. Deirdre jamie dimon diswrown playing downplaying the effect of the u. S. China trade war. Ive been to china and they would say he brought us to the table. This has to be resolved. Its not going to war. This is trade and economics and resolution would be a good thing. So i hope that takes place. Deirdre President Trump dismissed reports of the u. S. Lifting tariffs on china as inaccurate. But heres what he said in total, in context about the trade talks. Theyre moving along. They moved slowly, much too slowly for me. But they want to make the deal much more than i do. But the trade talks with china are moving along i think very nicely. We make the deal that we want, it will be a great deal and if its not a great deal i wont make it. But the trade deal is moving along and china wants to be there. Deirdre beijing is continuing to negotiate terms of phase one of the trade deal. Lauren chinese consumers dont appear too phased about all this talk and even data shows an economic downturn in china. The ecommerce giant alibaba setting a sales record on november 11th, the Worlds Largest 24 hour shopping event. They rang up more than 30 billion in sales in one day, 1. 5 billion coming in the first minute andahalf of the event. Deirdre thats amazing. Lauren thats incredible. Deirdre President Trump is going to be making history today, becoming the first ever president to attend the new york city veterans day parade. Lauren jackie abanes has a preview for us. Good morning, jackie. Reporter a historic, exciting day ahead to honor our nations veterans in the big apapple. The president will kick off the parade with an address add Madison Square park in manhattan at 10 30 a. M. Eastern time. He will lay a wreath at the eternal light memorial. They will not be marching in the parade which will draw more than 25,000 participants, including veterans and their supporters. Veterans extended an invitation to the president for 25 years now but President Trump is the first one to accept. The president has been making veterans a big priority. Veterans have had the lowest employment rate since the year 2000. Theres been an annual military pay increase, private Healthcare Options have expanded, the Va Accountability Office has been created and Mental Healthcare is available. A poll says 57 approve of President Trumps leadership. And back in washington today, Vice President mike pence will lay a wreath at the tomb of the unknown soldier and give remarks al arrest arlington natio. Deirdre senator sanders is struggling to answer a vet vans question about veterans question about medicare for all during a contentious iowa rally. You i dont want to see anybody in the room have to wait like that because of a single payer system. Who is paying the bill. The government is paying 100 of the bill. Deirdre the vermont senator failed to answer how he plans to pay for his healthcare bill. Lauren nikki heyly is detailing an a alleged conspiracy against President Trump. He blasts john kelly and Rex Tillerson for trying to recruit her to stop the president. It should have been go tell the president what your differences are and quit if you dont like what hes doing. But to undermine a president is really a very dangerous thing and it goes against the constitution and it goes against what the American People want. Lauren john kelly denies haileys claim saying he gave the president the of best legal and a ethical advice he could. Rex tillerson has not responded. Deirdre protests once again turning violent in hong kong. Lauren protester shot point blank by a police officer. Tracee carrasco with those details. Tracee at least one protester was shot early this morning as activists tried to block roads and hold up train service. One man was sent to the hospital after police fired at the demonstrators. The 21yearold underwent emergency surgery. Video on social media shows an officer firing multiple shots toward the crowd. Tear gas was fired at protesters. Businesses were disrutted and several schools were closed for the day. This is the sixth month of protests on the streets of hong kong. Irans president says a new oil field has been discovered in the countrys south with more than 50 billion barrels of crude. The find could boost the countrys reserves by a third as it continues to struggle to sell energy abroad due to american sanctionses. Iran currently has the worlds fourth largest proven deposits of crude oil and the worlds second largest deposits of natural gas. Also on the oil front, saudi arabias aramco hit by a steep drop in profit following attacks on its facilities in september. The decline shows the risk investors could be taking ahead of whats is expected to be the Worlds Largest ipo ever. The Third Quarter profit has fallsen to 22. 2 billion versus 30. 3 billion last year. Previously the companys chairman said the september attack didnt have a Material Impact on the companys financials. And a war film takes the top spot for veterans day week gleaned weekend. Whats the tar target . We believe its midway. Washington disagrees. Washington is wrong. If we lose, the japanese own tracee midway beat out dr. Sleep. Midway took in 17. 5 million, the second place going to dr. Sleep, taking in 14. 1 million. It wasnt a strong weekend for the box office, which was down nearly 27 over the last year and that is whats happening now. Lauren frozen 2 comes out next week and then star wars. Tracee, thank you. Is there hope for wall street . Lets take a look at your investments this morning. If the s p does close at a record today, it would be the 100th 100th under President Trump. Nasdaq is down 36. President trump throwing coldwater on tariff relief as part of a broader trade deal with china. That has investors rattled this morning. Coming up, Elizabeth Warren breaking her 2020 alley over whether they should exist as the ceo of americas biggest bank weighs in on his paycheck and todays is veterans day and well bring you stories of fellow americans helping our heroes on and off the battlefield throughout this hour. Keep it here on fox business, we are invested in you and we wish you a happy veterans day. Driverless cars, or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. introducing the Marilyn Monroe collection of fine jewellery. Exclusively at zales, the diamonds are a girls best friend store. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Deirdre stocks are in a great bull run, the dow, s p 500 and nasdaq finishing at record highs on friday. Investors for President Trumps comments on trade policy tomorrow and the speech from fed powell on the economy on wednesday. Ahead of this big week, Todd Horowitz with us now, chief strategist at bubba trading. Com. Todd, grade great to great to. Weve been talking about the statistic that markets may make 100 new highs under President Trump since he took office. I mean, this is an amazing bull run. Are you bullish . Are you bearish . Good morning, deirdre. Thank you, veterans. Look, the markets want to go higher and theres no reason to think theyre going to stop today. Price continues to determine price and what youve got is a very lightly traded market that has no volume, no volatility, which only tells us that the grind up is going to continue. I would expect to see more new highs. I mean, you could see 105, 11 o0 new highs before the year is over many markets only want to go higher, thats shown by the lack of volume and volatility. Todays selloff is just a little selloff. We just made record highs. There will be a bit of profit taking. Deirdre we talked about two things that can affect investor sentiment. One is u. S. China trade relations and two is the fed. What if i say this, that it seems like u. S. China trade is not going to really have a very concrete resolution before the end of the year and the fed intimates that its not going to do anything else. Even with those two factors baked in, you still think the stocks can move higher . I still think they go higher. Again, what you have to look at, deirdre,s is you have to say where else is anybody going to go and put their money. Trade is already anticipated not to be so clear. Any time we had news we we hava selloff but were back at new highs again. We cant worry about the trade. I think its apparent that President Trump is holding the chinese feet to the fire. I can see him possibly waiving some of the tariffs in the next month but i dont think so. Powell can only hurt the markets by talking. Interest rates are rise ing although the fed isnt rising. The streets accounted for that it goes back to theres no place else to take your money. Deirdre theres no place else to take your money. Some people say emerging markets, for example, are within certain regions are safe picks but youre saying for the knowledge order of people the u. S. Is where its at so which air aas do you like . Which sectors . Which stocks . What are you looking at . I think that, again, its basically almost a fairly broad market. Tech is fairly beaten up. Youre starting to see some tech subs come back. Youve seen a lot of action in utility which is not a bullish sign but in a market thats slow thats always a place for people are running because theyre a little afraid but they want to be in. I think a big sign is the dow itself over the last few days has been strong rer than the s p, whichs is not real bullish for the long term but for the short term it shows you that people are running to more safe stocks and i think for my money i want to look for something that has value and im going to stay in the markets hedged anyway because im always 110 invested, no matter what happens. Deirdre youre not worried about price . A lot of people are saying u. S. Stocks look pretty expensive right now. I think expensive is a relative term. You have to look at what the Interest Rate market is. With Interest Rates so low, were not trading at a huge multiple. The bottom line is i do believe that we are in the very early stables stages of a recession but thats not stopping the overall market run around theres and theres no reason to step in front of a market that seems to want to go higher every day. Until we see volume i think well see the market continue to drift higher. Deirdre thank thank you verh for you your insight. Lauren Elizabeth Warren and Bernie Sanders have a lot in common but when it comes to the existence of billionaires the two are sharply divided. They were at a forum in south carolina, warren was asked whether she like Bernie Sanders believed billionaires shouldnt exist. Senator warren said billionaires should exist but added because they rely on taxpayer funded roads, bridges, police and educated workers to build their businesses, they need to pay higher taxes. Jp morgans ceo says the wealth gap in the u. S. Is, quote, a huge problem but he does defend his salary. Listen. Of last year you were paid 31 million. Too high . The board sets mine. I have nothing to do with it. You could return some of it. I could. Is that going to solve any of those problems . I dont know. Lauren okay. Democratic president ial candidate Elizabeth Warren and Bernie Sanders have both proposed taxes on wealthy americans like jamie dimon. Deirdre they sure have. U. S. Futures are indicating a lower open right now, if you look on your screen. You will see the dow, s p 500 and the nasdaq all indicated to open lower in the red right now. Still ahead on this program, in honor of veterans day, winning the war on talent. How a retired navy seal is bringing veterans talents to the business front. And apple under fire, its new credit card, well, its being called sexist by many. One tech entrepreneur is raising a red flag. One of the companys founders agrees as well. There is a major flaw in the algorithm that is proveing to be a disadvantage for women. Honey. Oh, sugar, sugar. You are my candy girl. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Lauren today today is vetera time to honor those who served our country. One of the most difficult times for a veteran is transitioning into civilian life. Deirdre thats where echelon watch comes in. Its a talent recruitment firm. Michael serelli is with us now, the founder and ceo. Thank you personally for your service. You served for 20 years, is that right. I did, thank you for having me. Good morning. Deirdre thank you and happy veterans day. Happy veterans day. Deirdre to everybody who served. What are you doing now for former colleagues to help them readjust as lauren said back to civilian life. Its not so much what im doing for our former colleagues, its what were doing for american businesses looking for leadership. Ef overwatch is a leadership, Talent Acquisition firm. Is our l talent p pool pool fre military . Yes. Its the type of leaders that businesses want. Deirdre im sure, discipline cant be matched, right. Undoubtedly. Lauren youre not just going with any member of the military. Youre placing the elite in the military, special ops forces, seals, correct . We do. The pre preenings preponderanct pool comes from the elite community, the u. S. Special Operations Command is one of the most effective operations in the world. Why wouldnt a business want to take people out of that command and inject them into the fabric of business. Deirdre what has been it been like when you reach out to businesses. Im sure everyone admires you. Thats the assumption. Whats the pitch, okay, these guys are the most amazing people on the planet and how do you get from that point to heres what they can do for your business . Theres a fascination with the u. S. Special operations community. Lauren there is. The business loves it. We dont have to pitch. After we put these people in front of the employers in an interview, they know instantly that the mindset is there. Lauren how do you get over an honest, normal, legit question, but this person doesnt have industry experience. We love that question. When you hire for industry experience, you usually lose out. You want to hire from mindset. Theres an old statement of you hire for character, you train for skill. Thats why you hire these men and women, for the things you cant teach, which is mindset. Deirdre do you have relationships with Certain Companies where you worked successfully with them in the past and they say keep sending us more. Absolutely, from fortune 50, to small to medium businesses. Our clients come from all industries. We want to see the candidate get placed in the company and drive results. The emotional return for us when that happened is extremely high. Lauren how does someone serving right now get in touch with you . Go to efoverwatch. Com, commit a candidate Application Form and well take a look and point you in the right direction. Lauren theres a poll showing 49 of veterans say they dont like to be thanked on veterans day. They would rather lets ask questions. You served for 20 years. You just retired. Where do you live, whats your life like now, what was it like when you did your 10 tours of duty . That is a better way to engage with a vete