seema mody tries to make sense of the move higher. >> reporter: despite lackluster earnings, industrial stocks hav staged a rebound over the past one month on hopes that a trade united stateshe and china is coming together. industrials are up 6% over the st month making them the second best performing sector in the s&p 5 after financials. just look at names like caterpillar which had disappointing results and even cut fourt quarter guidance. that stock has already rebounded more than 20% from the october lows. the rebound comes even as demand iofor constru and agriculture relateequipment remains tepid. they see the recent improvement as a reason to warmp to industrials. the phase one agreement of the trade dea ould include the rolling back of some tariffs which have served as a head wind for u.s. and chinese manufacturers venting demand for big machinery and heavy equipment, but a key earnings report from equipment maker deere will provide investors with a much needed update onal e of u.s. agriculture industry and whether farmers ho off on making big ticket purchases. ere has been cutti

seema mody has the breakdown >> morgan, this rally has been global here in europe, we should look at the stocks here, fifth straight day of gains. looking more broadly, the international index, country world index is on the cusp of touching its own record. in terms of specific sectors and stocks, trade sensitive names, autos and technology stocks are leading the way. chip names like dialogue, semiconductor, up 3 to 8% as you can see. industrials also outperforming following u.s. peers after see mans has autopsy updated outlook for 2020 many are warning that the eurozone economy is on shaky ground while bank of england kept rates steady, they left the door open for hikes. saying the risks are skewed to the down side. the stock of the day, love thans a, concerns about flight crew strikes that force them to cancel 1300 flights in the next two days the stock we should point out is still up 7%, pacing for the best day in over a year it is still down nearly 12% since start of 2019. back to you. >> thanks. >>> when we come back, shares of qualcomm continue to surge, this morning up more tha

shares of chip makers after reporting earnings after the bell let's get to seema mody. >> reporter: fluctuating between gains and losses, revenue guidance for the fourth quarter came in weaker than expected but the street remains fix sated on the strength that it's seeing in its gaming business. sales and gaming up from the 1.3 billion it brought in the second quarter ceo jensen huang says our gaming business from hyper scale customers powered q3 results key questions analysts will want to know is when is nvidia unveiling a product it hints at, and what's the outlook on crypto industry, they do specialize in chips used in the crypto sector. applied fe applied materials, thanks to growth in founding, laundry and chip business. china, despite signs of a slow down continues to make up 30% of net sales. the stock is higher in extended trade and now trading at its highest level in 13 years. both chip stocks have been on fire this year, up over 50%, recovering from what was a pretty tough 2018, and even chip equipment makers, and amd are up big after reporting better than expected earnings, plus furt

seema mody has a breakdown of today's action overseas. >> following two days of gains, sort of a mixed session in europe for the broader indices it comes after the imf cut its 2019 forecast again, now projecting growth of just 1.2% we did get some encouraging signs in germany take a look at this, produced by our market producer j.r. reed. it shows you the data in germany for factory orders saw an unexpected pickup in factory orders in the month of september, but economists are really pointing to the longer term picture at play which shows on a year-over-year basis manufacturing orders are still more than 5% lower than they were in september of 2018. that's primarily due to softening demand from china. let's pivot, though, to earnings one big mover that we're watching today is adidas sales rise 6%. however operating profit came in right. remember, rival nike has been growing faster in both china and europe over the past year, but adidas has been trying to reassert itself here in the u.s. what's interesting if you take a look at a year-to-date chart, adidas is vastly outperforming nike s

. >> it is interesting >> 31.25 to seema mody. seema? we're going to go to rick santelli in chicago. hey, rick. >> there you are thanks, carl look two day of 10s, down a bit. the entire curve is down a basis point or so. but maybe the big issue is you look at these month to date charts is get ready to close out the second to the last month of 2019 you can see that yields really have slipped now, ten-year yields, switch the bund yields, aren't at the lows of the month, but certainly close considering the first two days of the month is when we establish the lowest yields. and if we look at the dollar index, it is up a little bit today. and over the last week, you can see it climbed toward the end of last week, popped above 98 even that's a victory if you open the chart up to the september 1st, throughout september, we had that kind of saw tooth formation, very unusual. right around 98.5 area if we jump above that we'll be revisiting some of the best prices of the year on the dollar index. but we all know whether it is multinational corpora

seema mody at hq. >> at a time when it's slowing down in the u.s. honeywell, frahor example, is ug to cut costs and aimed at reducing carbon emissions as electric vehicles gain more popularity rockwell automation continues to bet on digital offerings to automate factories and another name to watch in the space is deere. deere is set to report earnings next wednesday and recently unveiling a prototype of an autonomous sprayer at an ag conference two weeks ago analysts say once this market comes to market, it has the potential to help farmers identify weeds early on and overall increase their efficiency it comes at a time when farmers are feeling the effect of the trade war. now, what's interesting is that investors seem to be rewarding these companies that are making bets on technology a quick check on stock performance shows you all four companies are trading 35% to 40% off their lows back to you, morgan. >> seema, thank you. i would note that honeywell $4 billion software business is now the lead of the pack there also roper, seemans, ge, definitel

seema mody has today's action overseas. >> hi, morgan. record highs in the u.s. look at the screen behind me, strong rally for eurozone equities, thanks to strong earnings, optimistic trade signals over the weekend, outweighing another weak manufacturing reading. the ftse 100 german dax, down 1%. the broader stock 600 hitting the highest level since august of 2015. really led by auto, ferrari being a standout, raising the 2019 outlook after posting strong sales of the super fast sports cars. that's a record high of 6% in today's streak ryanair publishing results, a one year high after beating profit estimates shares up 8% look at the banks. deutsche bank, commerce bank, credit suisse up 3 to 5% we're awaiting bang of england policy announcement on thursday. it is worth putting the record run into context yes, u.s. stocks are outperforming the overseas peers since start of 2019 but since the market lows hit back in august, europe and china have actually outperformed stocks here in the u.s., as you can see in this chart here and today, france, germany, italy hittin

let's get seema mody with a breakdown of today's action. >> hi, carl. a five day winning streak for european stocks, the 600 in jeopardy, technology and autos under pressure the last hour following comments from president trump on trade i want to pivot your attention to daimler, taking a fresh leg lower after cutting a thousand leadership jobs worldwide, that's 10% of management, and follows several quarters of profit warnings. the stock down a half of 1%. luxury stocks in focus after weaker than expected results from cartier richemont the latest company hit by the hong kong protests. that's one of the lowest margins in the european luxury sector there. let's take a step back, put the date into perspective. on top of earnings, germany saw the biggest rise in exports in two years in september economists writing with today's data, technical recession in germany is not yet a done deal and we get a slew of reports next week, including eurozone inflation, industrial production as investors try to tease out whether the eurozone economy is close to bottoming o

seema mody has the breakdown of today's action overseas at hq. >> lower across the board with trade talks between the u.s. and china remaining in focus, but we should put into perspective this will be the third down day in the last ten for the broader european markets, and a big reason why earnings continue to come in above expectations look at bureau berry, 4% jump in sales despite disruptions in hong kong. they maintained guidance for the year, adding to investor confidence in the designer turnaround plan. earnings growth in general for europe set to top 5% the third straight quarter, better than expected those robust earnings door tail with economic data germany narrowly avoided technical recession. jpmorgan says lower rates provide boost to consumer spending, but it does raise questions over whether the economy isn't bad enough to warrant fiscal stimulus which the ecb has been pushing the german government to unveil. slowing growth concerns were priced into european stocks which on average are trading at discount to the u.s., 16 times e versus s&p 500, trading 20 times earnings brazil

seema mody has the breakdown of today's market action overseas >> hey, jon. we're on record watch in europe. the stock 600 is one-tenth percent away from hitting its own all-time high, a lot having to do with encouraging trade signs happening between the u.s. and china. and also offsetting weakness in travel and leisure stocks after contract catering firm slashes outlook, citing deteriorating consumer and business confidence in europe. that's a big stock to watch overseas another reason european stocks continue to climb, steady rise in bond yields german ten year yield up nearly 50% from lows hit back in late august the ecb chief economist saying recent pickup in yields is a sign of pessimism that built up around the eurozone economy but globally started to reverse. and part of the story is playing out in the m and a world, it is on pace for the most active month of deal making two of four deals announced yesterday involved european buyers, lvmh m and a is down 25% compared to the same period last year, according to merger market but there's another deal in t

exceedia moving in the red off the earnings results seema modi at headquarters with the details. seema. >> and the stock continues to fall down 12% in descend extended trade the ceo says we're disappointed with the result in the third quarter. we understand the near-term challenges on the call analysts have been asking questions related to the home rental platform verb o formerly known as home away. after two quartering of growth it slaw saw a slight improvement. but revenue fell from 17% it sawed in the second quarter year over year. a lot of experts are pointing to the rapidly evolving and crowded home rental market that includes airbnb, exceedia saying it continues to put more money towards rebranding and marketing and expanding the platform internationally and into new markets in 2020. but for now it expects muted growth other headwinds that it's dealing with embedded reference onle call process protests in hong kong, currency fluctuations and a french digital tax the company saying that the global tax environment is rapidly evolving and several countries are considering tran

. >> after the new york ag sues juul >>> seema mody has today's market action overseas. >> european stocks are pulling back from four year highs, although in mixed session, ftse 100 and german dax, reuters reporting merkel and the finance minister continue to dismiss calls for increased public spending, according to recent up tick in business sentiment it is worth noting it is improved economic backdrop, one of the major factories behind the outperformance of 7% european financials coming off lows, thanks to better than expected earnings. similar in russia, despite oil trading in a narrow range, russia is up about 8%, outpacing gains here in the u.s. and sticking with russia, an interesting deal to take note of t.j. maxx is acquiring 25% stake in a russian discount retailer for $225 million it marks one of the first cross border deals with russia since the u.s. put sanctions on russia five years ago shares of tjx up 1%. back to you. >> thank you. >>> it is time for a news update bill griffith has that at hq. >> thank you here's what's happening this hour in the philippines, defense secreta

seema mody has the breakdown of the action overseas. >> morgan, european stocks following a weak session in asia hong kong with the worst drop since early august as protests continue in europe, ftse 100 was the biggest underperformer due to the british pound spiking to a six month high after nigel farage announced his party wouldn't contest any of the seats won by the ruling conservative party at the general election next month. that's more clarity on brexit. data showing the uk economy narrowly avoided recession last quarter, strong consumer spending offset weakness in manufacturing and business sentiment, but worth noting year over year, third quarter growth slowed to 1% that's the weakest pace since early 2018 greggs posted strong sales, lifted the 2019 forecast, thanks to success of vegan food line. >>> german gdp later this week, if the economy contracts again, puts the t country in technical recession >>> let's get a news update from sue herera at hq >> good morning, everyone. iran has begun enriching uranium in the latest breach with the west according to the u.n. nuclear watchdog

gary cohn will sit down with seema mody later today, and then lloyd blankfein will be on the halftime report, this comes on the heels of a tweet about elizabeth warren as for what will pull us away from the flat line, hard to say. let's get to the judge >>> carl, thanks this hour, the stock surge, how far this record rally can really go as even some of wall street' most notorious naysayers get optimistic >> 28,000 and beyond how much higher can this record breaking rally go? and are stocks still cheap enough to buy? the undisrupted champions of wall street, four stocks outperforming this market and driving this historic run. a big week for retail earnings home depot, target, macy's and more the number one retail analyst on the street gives

seema mody has today's breakdown over the market action overseas. >> following a positive session in china overnight, in europe, higher across the board. the stock is trading around four year highs european financials are the stand out sector, trading nearly 20% off the lows hit back in mid august european banks are outperforming large cap peers in the u.s. over the time frame part of the reason, rising yields the yield on the german 30 year and 20 year bonds, both trading in positive territory. remember, at the end of august when the talks were on the ropes, 30 year bonds were low. we're seeing the bond mashlrket with implications. jewelry retailer pandora, tumbling more than 11%, after reporting profits and sales that missed forecasts, same store sales, excluding hong kong, fell 10% last quarter that stock now down 18%. and trivaga, tumbling on lowered outlook for fourth quarter as major advertisers pull back on spending the company announcing a leadership change. founder, ceo is stepping down by end of the year, we placed by cfo. a troubled booking site in the past one year, ahead

. >> all right goldman sachs raising its price target on caterpillar and seema mody has the details on this for us >> that's right. wall street is starting to warm up to cart pillar. on wednesday, it was bank of america and today goldman sachs raising its price target on cart pillar to $156 from $130 but maintaining its neutral rating this is a stock that has gained about 25% in the past month. while the fundamental story has remained weak, remember, disappointing earnings in the third quarter from cart pillar the trade story and the narrative has certainly improved analysts say they have improved visibility, and that positions the industrial bellwether to possibly benefit from a late 2020 recovery, but that really hinges on whether progress continues to be made on the trade front and further tariffs are eased. we're looking at the stock trading around $148, which is right in striking distance of its 52-week high guys, back to you. >> seema mody, thanks. this goes back to what we were talking about at the start of the hour, cyclicals. >> all of a sudden the money is rotating out of def

seema mody has the breakdown of market action overseas >> mike, look at the map with the exception of spain, european markets getting a lift on reports that president trump is expected to delay a decision on eu auto tariffs by at least six months the major german automaker is holding on to gains. it is the auto suppliers under pressure after reporting weak results last quarter both companies announcing deeper cost cuts amid ongoing weakness in china, pointing to layoffs ahead. different story for the technology sector. chip makers jumping more than 5% dialogue raising full year guidance, adding that semiconductor struggles could be bottoming out. and bowed a phone is hiking outlook, citing strong sales in south america, spain, italy. that's up 3.5% in today's trade. as we look to german gdp later this week, more data from that country. it rebounded 20 points from october levels they point to reduced brexit risk as the reason there back to you. >> thank you very much. >>> when we come back as we have been talking about, disney betting big on nostalgia for the launch of its streaming se

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it's time for rapid fire here with their takes, leslie picker, robert frank, seema mody nice to see you. uber founder and former ceo has sold nearly $1.5 billion worth of stock since the company's lock-up period expired on november 6th that leaves him with a mere $45 million shares or 45 million shares or about 2.5% of the company he founded meanwhile, early uber investor bradley tusk, not to be confused with elon musk, joined squawk box this morning with some strong words on the company and its current ceo. >> from when travis left till today, uber's worth less than half of what it was when dara came in. but if it's a company based on radical innovation and the market doesn't believe the ceo is capable of being a real innovator, they're not going to reward them by buying the shares the market has clearly voted with their feet on uber but at the end of the day, either you believe this person can really transform transportation or you don't. the market does not believe he can. >> so tusk also noted that he is selling his shares but he isn't fully sold out meanwhile, stifle upgrades the s

seema mody later today, and then lloyd blankfein will be on the halftime report, this comes on the heels of a tweet about elizabeth warren as for what will pull us away from the flat line, hard to say. let's get to the judge >>> carl, thanks this hour, the stock surge, how far this record rally can really go as even some of wall street' most notorious naysayers get optimistic >> 28,000 and beyond how much higher can this record breaking rally go? and are stocks still cheap enough to buy? the undisrupted champions of wall street, four stocks outperforming this market and driving this historic run. a big week for retail earnings home depot, target, macy's and more the number one retail analyst on the street gives us his best ideas. the investment committee is ready to go. "the halftime report" starts right now. >>> it is did to hais good to hh us joe terranovterranova joins us let's kick it off with stocks. record highs for the major averages, volatility, the lowest since the summer the question now does it clear the decks for a major move higher by the end of the year, josh brown, that qu

seema mody joins us with a breakdown of today's action overseas >> and, morgan, we are higher across the board, on pace for the biggest gain in three weeks for the stock 600 on trade headlines. take a look at the uk, signs that the worst is over for the retail sector, just in time for the holiday season now, sales were broadly unchanged in november, but that did end six straight months of falling demand that upbeat data lifting shares of uk retailers, marking spencer, king fisher and next meanwhile, in germany business sentiment picking up for the third consecutive month, another sign of economy bottoming out, ing economists warn bottoming out does not signal a rebound. while manufacturing firms are planning production cut backs and the sector remains in contraction sentiment hit a four-month high adding to the bull case for european stocks. in morning morgan stanley publishing a new note saying they continue to see more opportunity in investing abroad versus here in the u.s. with the s&p 500 now up nearly 25% in 2019 guys, back to you. >> thanks, seema news update time sue herrera h

seema mody is there and joins us with a special guest. >> thank you joined by glenn fogle, ceo of booking holdings thank you for joining us here on "squawk alley. >> thanks for having me. >> let's talk about some of the disruptors in travel the industry has long known about the ambitions of google in the travel industry but this quarter we really got to see the pain that google is starting to inflict. booking fared better than some of the others, but still your stock is down 10% in the month of november. expedia is down 30%. what's happening here? >> well, look, we are very happy with our third quarter numbers we came in 11% up year over year, better than the street expected earnings per share 20% adjusted eps. that's really good numbers we're happy with what's going on we like what we're doing some of our competitors may have had a little of a hiccup certainly they may depend more on google than we do one of the things that's very important to us is getting people to come to us direct, by providing a better service, something that customers want. we're able to have them come direct and p

joining us today is leslie picker, robert frank, and seema modi everybody's here first topic. nike's going to be announcing it will no longer sell clothes and shoes directly to amazon remember, back in 2017, the company launched a pilot program. in exchange, amazon promised stricter policy on counterfeits and restrictions on unsanctioned sales. well, couple years later, nike says it is now -- anybody thinks this comes as a surprise >> i think it's a great reminder that as great as amazon is, not every apparel brand has to use it to sell their product i mean, we're talking about n k nike it's not some brooklyn selling soap and i think for nike with 30% of its sales already direct to consumer, there is really an opportunity to build on that and by the way, great move for john donahoe. >> that's what i think is probably the most important here john donahoe knows what happens in this world and he says wait a second, we're taking back control of our brand. >> there's no surprise on the order there. you hire john donahoe and then suddenly that's the first big move interestingly, the

seema modi in hollywood, florida, with the ceo. see ma. >> melissa, thank you. great to have you on cnbc today. i met you two days ago when you were primarily an indian booking site expanding across asia. >> 80 countries across the world. >> what is a pitch to american hotel owners why should they take the oya model? >> thank you for having me, seema, i really appreciate it. oya hotels has evolved from a leading hotel chain to now being one of the leading hotel chains with a whole 1.3 million rooms but here in the united states, what we saw early when we came here during march of this year is for a long time, middle-class americans traveling across cities on highways, in business cities, or leisure cities, we felt they deserve better they deserve better products for lower prices and our proposal to our underlying asset owners is we will come in, invest the capital to make mid-market and economy hotels exciting. make sure your consumer ratings are higher and at the same time, consumers can get great products at low prices. >> on that point, what is your reaction

. >> we got earnings let's get to seema modi. >> reporter: here what you need to do about applied materials. 4 cent beat on its bottom line it came in well above expectations q1 guidance also very strong moved by growth and foundry logic and d ram chips. i want to point to growth internationally, it continues to see strength in china making up 32% of its net sales ceo and president saying semiconductor industry is increasingly adopting a new playbook for improving chip performance. the stock building in ilts gain. up nearly 4% about 75% so far in 2019 and now we await results from nvidia back to you. >> we do, indeed what's your take on this one as seema mentioned a great performance. >> it has. trailing along with the overall picture of the semis which is predicting an inflicection on overall demands. siliconization of the world. >> to that point in terms of what we've seen from earnings results in the season it has been the makers and manufacturers of the equipment for semis that have seen the strongest numbers. >> because they got hit so barn hard we annuity would be good i want to hear

seema mody has that. >> miss on earnings and revenue, $3.38 adjusted versus the estimate of $3.80. revny at 3.56 billion. the estimate, 3.58 billion perhaps most important is third quarter gross bookings for its home rental platform that competes with air bnb. up 5%, better than last quarter but its revenue growth for verbo up 13%, slower than the 17% growth it saw last quarter we know this space we're watching closely ahead of air bnb's ipo next year and it's a highly competitive industry. holdings has its own home rental platform we are looking at the stock in extended trade. >> seema, i'll take it thank you. mike, we've been having this conversation the last couple of days about home sharing and regulatory risks that seem to be setting in jersey city, you saw the vote take place there yesterday in light of air bnb but when you're looking at a name like expedia, there's risk there, too, right >> yes there's obviously risk there what seema said about it being a crowded space and one where the booking tools are not necessarily in the best spot in terms of reaping the economics of t

. >>> to seema mody and see what's moving with the dow down 100. >> we're lower this monday morning, following five weeks of gains for the s&p 500. down half a percent for the major indices here in the u.s. dow trading at 27,581. it is important to know this negative session or tone started overseas hong kong protesting one of its worst or most violent days since june and markets did respond. hong kong etf, shanghai composite down back here in the u.s., the conversation around the internal rotation we're seeing into cyclical stocks. look at the industrials. they hit a new high on friday after goldman sachs raised the price target on shares of caterpillar. a lot of this having to do with the prospect of a limited trade truce deal and the move in bond yields, that is reinforcing this move we're seeing in strindustrials. analysts say earnings from deere, that will confirm whether the secretator is bottoming out they have cut production in 2019 the stock is trading near all time highs not on the fundamental story but on trade optimism. let's move on to the consumer earnings this week mor

. >> we got a record at the open slid back a touch here let's get to seema mody. >> 24 record closes for the s&p. ten minutes into trade, we're slightly lower for the dow and nasdaq and s&p at the open markets digesting the latest xhen tare writ commentary from the chinese, consensus on properly reserving relevant issues, but still unclear as to whether a compromise will be reached before that december 15th timeline, when the new tariffs are set to increase. we're watching shares of alibaba closely, gaining over 6% in hong kong trade after raising $11 billion in secondary listing, easily the biggest offering this year remember, uber raised about $8 billion back in may. and now we have to see what we'll get from saudi aramco in december take a look at shares of alibaba, worth noting outperforming other chinese tech stocks this year, up about 14% versus the msci china etf up over 14% two stocks in notice this morning, macquarie initiating square at outperform analysts there say venmo should boost growth potential that stock is up 1%. and callum aramco, increased consumer demand for foo

i am seema mody. stocks trading at the best levels of the day as we await comments from president trump. fresh 52 week highs, including the industrials. that's the second best performing sector year to date, thanks in large part to rockwell automation best day in a decade earnings beat forecasts. shift in digital is starting to pay off. that's a trend across the broader industry with names like honeywell. carl, back to you. >> thank you very much. >>> as we go to break, we go back out to huntsville, alabama. morgan brennan has more on space from rocket city, usa. record highs for the s&p and nasdaq don't go away. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financi

this time it's on marriott seema mody has the details. >> that's right. the world's largest hotel operator reporting earnings that came in below expectations 1.47 slrs adjusted beating expectations in revenue $5.28 billion versus the estimate of $5.13 billion. we should note the stock is down over 3% here in extended trade just weeding through the press release, they are looking at the recent events in hong kong and the foreign exchange market. keep in mind the stronger dollar has been a head wind for the broader travel industry. the conference call is tomorrow. certainly looking for more comments on the impact of the consumer and looking at this through the lens of these hotel operates -- back to you guys >> thank you >>> up next, roger penske making a -- i sit here and then got roger penske buying indianapolis motor speedway heck, buying the entire indycar series we're going to be injoed by roger for an interview i can't wait for we're back after this. [maniacal laughter] gold. gold! right, uh...thank you, for that, bob. but i think it's time we go with

seema mody, thanks to you as well for bringing that to us >> we've got a news update now on l brands. >> hello, wilf mixed quarter for l brands, victoria's secret and bath & bodyworks two cents in line with estimates. revenue, slight miss estimate had been 2.69 billion, down 2.3% from a year ago. comps, same-store sales fell 2%. looking closer at those retailers, bath & body works, a strong suit for the company, that's up 9% estimate had been up 4.3%. victoria secret, however, down 7% estimate had been down 4.2%. you can see the stock moving up nicely after hours on this news up right now, 2.5% morgan, back to you. >> thank you still ahead, we are waiting on president trump's arrival at the apple facility in austin, texas, where the new mac pro is being built. we'll bring you that live, once we get it. that's coming up you're right sir... everything. no not everything, i mean you're 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. doprevagen i

. >> the dow is closing at a record, so let's send it back over to seema mody for some of today's biggest movers >> volumes were light, but a ninth record close for the dow the dow was able to erase 163-point deficit. what's key there is there were a handful of stocks staging an intraday comeback. boeing off the lows of today dish staging a comeback, an intraday swing of 4% and look at a stock like apple that has really outperformed over the last one month. a 2% intraday move in apple hitting yet another record high and building on its year-to-date gains of 66% one of the key stocks to watch in the industrial space will be deere. results are not out for another two weeks, but some positive territory saying that the improved trade story could improve the visibility around agriculture demand, farmer demand, and that could really help deere and its farm equipment maker earnings coming out. that stock ending higher as well back to you guys >> thank you very much, seema. i'll pick up on the topic of industrials, andrew with you do you think they're an attractive buy at the moment >> they've al