Comments since saturdays Election Results poured in were live with a preview. And call it the holiday insurance policy that whole foods says home cooks just cant be without this thanksgiving it is wednesday, november 1 1t, you are watching Worldwide Exchange here on cnbc welcome from wherever in the world that you may be watching test veterans day. Bond market is closed. And the late jimi hendrix was a paratrooper. Happy veterans day and here is how your money is setting up the day futures are higher and across the board. And yes, that includes the nasdaq now, yesterday certainly more muted than mondays vaccine fueled rally, but still a good day for most nontechnology stocks the dow up now six of the past seven sessions and if you are counting at home, i know you are, we need to get above 29,551 on the dow. Just about 131 points from here. Big tech still starting to look like a big problem lately. The nasdaq done ovwn over 1 at. Zoom done. And individual wvideo game makee could you sign, all the stayathome stocks if you will down big yesterday well see if today can turn that around as we said,the nasdaq is highe in the premarket. By the way, bnd markond market closed for the veterans day holiday. In china, it was much like us, a big story about big tech shanghai comp and hang seng not down much, but Big Technology stocks fell a lot. More on that in a moment and the trading day in europe just Getting Started you can take a look at the european market, they are up across the board except what looks to be what is that, the netanyahu netherlands . Meantime in d. C. , the transition remains a top priority for president elect joe biden despite President Trumps refusal to concede the election as the president prepares to make his first public appearance today since the election was called for joe biden on saturday tracie potts is joining us from d. C. With more good morning reporter good morning. Not a lot of republicans are acknowledging joe biden winning this election. In fact many are saying that President Trump has the right to pursue these legal challenges. And some arent talking about it at all is it time to concede reporter president elect biden speaking out on President Trumps refusal to acknowledge his victory. I just think that it is an embarrassment quite frankly. Reporter biden is taking calls from world leaders, naming cabinet appointments by thanksgiving, planning to expand health care. I will protect your Health Care Like i protect it was my own family reporter his transition is moving ahead with no help from the Trump Administration biden is not getting the classified president ial briefing there will be a smooth transition to a second Trump Administration reporter republicans backing president obama arguing the transition is premature. Well allow the courts to to their work we need to send big bird to some of these states to teach them how to count. Reporter and lawmakers also reacting to president barack obama firing defense secretary mark esper threatening the continuity because hes having a temper tab dru tantrum. Reporter and tweeting more claims of voter fraud, disputed and flagged for lacking evidence but as you said, we do expect to see the President Trump today later this morning at Arlington National cemetery to commemorate veterans day, the first time weve seen him since the Election Results were announced. Just a quick question on the inevitable inauguration. Do we have any idea what the inauguration preps may look like obviously given virus concerns, we know that masks and being outside help, but they dont solve a lot of problems here what is the inauguration going to look like reporter it is a good question i dont know i have not seen any preps in irma its of whether it will be spaced out, whether that will limit the number of people who can attend i can tell you having covered the last several from the media standpoint and the public standpoint, people are generally kind of crammed in there and we were just talking about this yesterday about whether or not they will change the dynamic of how it looks and how it is set up because of coronavirus. Or if perhaps people will not come because they are concerned about the spread of the virus. Yeah, or they will just ask people not to come because listen, outside with a mask briefly is fine, but outside for several hours jammed this will not make dr. Fauci happy. But you make us happy. Thanks for coming on and lets get to the markets and the continued story playing out this week. The shift or at least appearance of shift from growth to value. The latter outperforming by about 2. 5 yesterday after mondays big jump which reversed some four months of outperformance in just one i think sink ghelg sessigle sessi. Ran democremocra and lets bring in a couple smart guys, brian nick and also josh wine. Brian, nasdaq futures are higher today so i dont want to make too much of it, but do you think that it will continue, will domestic small caps and value stocks continue to outperform from here . We suspect not. And that is because i think that what we have really seen this week so far is not so much a shift or a major change in the likely outcome for the economy or for earnings next year, but really just a reduction in uncertainty because of the reactio election, and he reduction of uncertainty because of the pfizer news. I think what a lot of us thought would be the timing is still intact, but the uncertainty of maybe we dont get one the all seems to be reduced. So when the tails get clipped off, it will tend it disproportionately benefit companies that are affected by the pandemic and position as it performs better in a better growth environment and i think that weve adjusted to that new news i dont think that we continue to get news that continues to shift things in this direction you know, josh, when i look at some of the individual names that you hold and that you like, they are all the g. O. A. T. Stock, get out and travel, maybe go out to the restaurant, whatever you want to call it. Darden restaurants, cisco which gets in stadiums, how much are you playing will sort of return to normal trade or whatever you want to call it . Sure. Yeah, it is definitely a theme that has been in the portfolio and it is now i think more important than ever. And certainly monday was a big day, it was a day of superlatives and i think that getting back to your original question on small cap, i was struck on monday by i think it was equal weight small caps were up over 8 and inside of that were some of the get out of the house stocks and cisco, it is early, stadiums arent opening to full capacity, restaurants not at full capacity, but it is coming and that will get, you know, embodied in the numbers and the estimates in the next several months and i think that it is a theme and something that has a lot of legs to it listen, brian, we have a lot of reason to be happy the last couple day, great news on the advantage sign front, great news on the mono cloclonal antibody treatment from eli lilly but lets be clear cases a cas cases are spiking, thankfully fatalities are lower, but it will be a tough couple months. Is the market maybe underpricing what could happen the next few months and i hope im wrong yeah, im afraid of this too because the other thing that you didnt mention was the lack of stimulus what we had the first wave was we had shutdowns, government mandated shutdown, people staying at home, but the businesses that were suffering were being supported in some measure by ppp and the individuals who were losing jobs were supported by enhanced employment benefits. But that is all gone so now were looking at the pandemic, were looking at people more likely to stay home i think in the next two to three months assuming that there is no break in the trend which looks like it will be perhaps even worse nationwide a lot of economic damage can be done and that will affect how fast theagre economy grows, peoe will have less savings and fewer businesses around to employ people if the next two to three months is as bad as were fearing. Yeah, i mean i just found out that my kindergartener will now be verge all through january just found that out yesterday. Understand why, but kind of bridal so you look at that, millions of families across the country that will have to deal with the same thing. And in your selections and your stocks, you can kind of looking past the next few months well get out of this come april, the sun will shine and it will get warm in the northeast and that is probably when we finally see the other side i think so. Without a doubt 9 nethe next the months are fraught with risk fundamentally. But yeah, i think as investors if we look at what just happened or tomorrow or next week, then we lose out on some of the bigger trends and just the math of how stocks are vaulted. Valued. So it is this year, next year and the year after and so on and there is a great setup for a leg higher with rates where they are and, yes, the potential vaccine, that seems to be somewhat imminent. So yeah, i think that you have to look around the corner absolutely final boarwords, brian, giveu also some strategy going forward. Kind of an odd time for the markets. What is your best advice to our viewers . I agree with josh, i think the markets can look past the next two to three months because they are pricing in the Bright Future so id say stick to your overall asset al lo astrategy most of questions are still about why the economy could be in rough shape and markets could be so good, and josh butt it well, markets look forward looking in the way that the economy isnt. So dont invest based on what you are reading, think about what things are likely to look like in a year and they are likely to look a lot better and so josh, how long are you going to ride these things and how much of a portfolio should this be . Percentages is up to each individual i would say that, you know, you look at the charts and Something Like a darden is up about 50 in the last few months and cisco, 20 or so percent and it is tough to put fresh money at names like that, but i think that in the context of a longer time frame, that will be a small move inside of a much larger one i think that things will we like to talk about things wont be normal again. I dont buy that, i think that behind the scenes they may not be the same, but people want to eat out, people want to get out, and getting out of the house is going to be it is already happening and that is one of the problems and that is why things are spreading. So i think it has a lot of room to run yeah, i know it is not what were supposed to be doing, but i can tell you all the i want to do is go sit at a restaurant and have wine and unlimited bread sticks and everything will be fine well get there. Appreciate it, thank you both. Coming up, there is a lot more to get through. Futures are higher, that includes technology, but overseas, ali baba having a record, well, singles week but the Chinese Government is making a move that is slammed. That stock overnight, well tell you what they did and what happened as well todays ways of working, may work differently tomorrow. But you can work out anything with comcast business. Get fast, reliable, and secure internet on the nations largest gig speed network. Flexible tools like wifi you control. Voice solutions that connect you from anywhere. And expert advice here, here, or even here. Be fast. Be flexible. Bounce forward with comcast business. Get started with a powerful internet and voice solution for just 64. 90 a month. Plus, for a limited time, ask how to get a 300 prepaid card. Call or go online today. 5 17 here in the east coast. The sun not yet arisen over wug washington, but still a lovely shot of the capitol. Let lets go to china. You look at the markets and you say not a big move, japan up nearly 2 , Hong Kong Market fell but not a big move but inside the markets, a lot happened look at that, ali baba, the biggest Chinese Technology company down 10 overnight jd. Com down 9 possibly clamp down and regulatory crush from the Chinese Government for more, lets welcome in our friend live in Mainland China what caused those kind of market reactions . It was yesterday that the Chinese Government unveiled a set of draft regulations around antitrust, antimonopoly laws. And this is the first time the government has introduced such wide ranging laws that really define what they consider to be monopolistic and antitrust behavior and areas from pricing of goods to payments options all the way through to how the company used data to target their user base as well. And important to remember, some of the Chinese Tech Companies are really integral to the fabric of chinese lives. Wechat is used by over a billion users. Ali pay is key to many things as well so they touch many parts of chinese life and what you are seeing here play out is something similar playing out to what is happening in the u. S. Too. That is theunencumbered growth to some of these companies that have turned into giants. And now china trying to rein it in, getting a hold of what is going on there and that is why you are seeing some of the big stock moves in the chinese names there. And that is because one interesting thing is in the u. S. When the regulators, when the government talks about regular lagsz, you havent really seen huge moves in the tech stocks. But we know when they say that they will do something, they will and when weve seen it in the past, you think about it when the regulators suspended what would have been the world record ipo, back in 2018 when the government stopped improving games, that really hurt. And so that is why you are seeing the stock moves and that uncertainty around the nut of regulation is really hurting the share 3r5prices of many of thes tech giants. And used to be called singles day, but because of the pandemic thing, which you guys are dealing with with or dealt where anyway, it is now i guess, what, singles week or singles two weeks. What are some of the single biggest trends that we have seen from this i guess sales event . Absolutely. It started november 1. It is usually a 24 hour thing that happens sort of on november 11th and so he have would seenweve p to this. Ali baba racked up about 372. 3 billion in sales, probably more than that. Blown past last years record over 270 billion juan. So a lot of shopping going on. And one of the interesting trends is because chinese citizens are not traveling abroad as much, their demand for imported goods is very high. They would have been buying those goods when they are on vacation for example, but allegely ali baba and jd. Com are focusing on the imported products as well and what you are seeing is that brands from the u. S. Are actually at the top in terms of what chinese consumers are are buying, cosmetics and Health Care Products are key as well. So those are some of the key products here on singles day yeah, a lot of stock drops. And what is that building over your right shoulder . It is beautiful. Looks like a giant Christmas Tree that is the big landmark here on the river that runs through well, it has the lights looks like a giant bag of skittles it is beautiful. Appreciate you coming on thank you very much. Still on deck, a throwback tuesday for apple and the battle between the mac and the pc, and the other top trending stories, Worldwide Exchange back. Todays big number, 21 . That is how much applications to u. S. Mba programs jumped over the prior year according to gmac that is the first increase in demand for Business Schools in fi yrsveea we hosted our annual evolve summit yesterday and it featured some of the biggest names in business kara swisher caught up metallicas drummer to discuss the future of live music ive heard about live concerts returning in the shape and form that they were in february and back is not going to happen for probably another year at the earliest and like i hear myself say all the time, the good news is on the live concert front that when metallica and other bands like metallica play big arena or stadium concerts again, then you can pretty much count on the fact that covid as we know it now is over. All right for more on that interview, you can head to cnbc. Com evolve and ride the lightning, if you wish. Lets get a check on some of the mornings other top headlines. Frances rivera has those and we start with each passing day after the election, president elect joe biden lead only grows biden is up nearly 5 million in the popular vote also. Georgia and arizona are still too close to call, but are leaning blue while President Trump is slightly ahead in North Carolina meanwhile nbc news has called the senate case in the tar heel state for republican thom tillis and democrats picked up a pair of seats in the house overnight, one in Washington State and the other in arizona coronavirus hospitalizations are at an alltime high, but hope is on the horizon dr. Fauci says data on the vaccine is impressive and it could be approved in the week come and if the vaccine is approved, he would take it himself at the masters, jon rahm is going viral for his eyeopening approach to the 116th hole. Instead of launching it over the water, he skipped it across the pond like a pebble three times and then you see the ball keeps rolling, makes to the green and keeps rolling eventually making it a full 170 yards to the cup for that hole in one oh, by the way, it is his 26th birthday hopefully he carries that same luck into the tournament which begins tomorrow. How impressive listen, before that shot, he was my pick. Hes my pick to win even before that shot. But if we show it, is it viral like it is not viral if were talking about it right . How does that work it is his 26th birthday, so happy birthday to him. Yeah, maybe a 10 million paycheck or something on sunday, who knows. Frances, thank you very much still on deck, getting a lift some rare good news for a beaten down took. The name to watch next plus, of all day, an untimely outage for microsofts gaming servers what would we do without our mine craft dow just fractions from a new high as all eyes turn to big tech, see if they can make a pig turnaround, looks like it this morning. Futures are higher tiktok taking on trump, why it is coming in hot with new legal action and it is your morning rbi, and if you think that you know what the hottest stocks have been, ill bet you dont and they have a lot in common. It is wednesday, november 11th, and this is boardWorldwide Exchange right here on cnbc foets foets. And welcome or welcome back, everybody. Im Brian Sullivan thank you very much no joining us here is how stock futures are looking. They are looking pretty solid in the grein. Dow futures up about 200 points. The dow was up six of the past seven sessions and if you are counting at home to close at a new record high, we need to close above 29,552. So just about 132 points from here big tech though the last couple days has been a big problem. The nasdaq down over 1 again yesterday as the stayathome selloff continues. This week zoom has lost a quarter of its value docusign, 14 . Netflix, off 7 . Amazon down 8 as well but right now, nasdaq futures are higher well see if big tech can do a big turn today by the way the bond market is closed for the veterans day holiday. And lets go around the world. There is a lot of green on the screen, julianna, sgood morning thats right, building on the strong gains that weve seen come together throughout the week so far. The gains are broad based. But we are seeing outperformance in the swiss market. That index is up about 1. 5 . And to understand what is happening, let me take you to the secretary torp bretor break. Were seeing more demand for health care stocks, more than weve seen in the early days this week. That basket trading about 1. 6 higher so this rotation that weve seen take place over the first couple days this week is losing a little bit of steam. Defensive health care and utilities performing quite well this morning banks meanwhile coming under a little bit of pressure this morning. Basically flat but this comes after extremely strong gains why i had the Banking Sector gained more than 4 . And another feature, oil and gas continues to climb. The banking gained more than 4 . And another feature, oil and gas continues to climb energy has been the key outperformer this week alongside banks here in europe and this comes along side further gains in the oil price so that is a sector to watch but overall, were seeing more demand for equities and that demand is just continuing to gather momentum. Worldwide grab there with all the money from Central Banks floating around, hard not to see how we move higher julianna, thank you very much. And now to the latest in tiktoks fight to continue operating in the United States a new legal challenge taking shape. Seema mody is here with more on that and other top stories and tiktoks Parent Company has filed a legal petition challenging the Trump Administrations bid to force a sale of a Minority Stake in its u. S. Operations. Bytedance says it has heard whether it will be accepted or given an extension President Trump had previously signed an executive order requiring bytedance to divest its own shirn by tomorrow aershw shares of lyft are on the rise following Third Quarter results, revenue of nearly 500 million topped expectations with active riders increasing 44 from the prior quarter lyft appears to be following the foot steps of its competitor uber with executive saying that the company is working into expand into delivery and the cofounder and president john zimmer will have more at 8 30 a. M. And airbnbs long awaited ipo is app pli beiarently being to next week with the s. E. C. Filing coming as soon as monday. Sources say the company made the move in a bid to keep the i aboutment o from being overshadowed by the fallout from the u. S. Election. You know, that is your sparks i wonder, is this i know airbnbs private so dont get the data, but i wonder how they are doing if you are going somewhere, everyone i know is looking to renten an apartment or a house how is airbnb doing . Youre right, airbnb has thrived during the pandemic. It has allowed to see a surge in bookings over the past quarters based on the data they have provided and that is also reflected in the earnings reports from expedia and booking holdings so that is a bright spot so far this pandemic. The question now, whether it holds. Yeah, by the way, we almost hit a million passengers going through tsa checkpoints the other day, 973,000 we hit it one time, were kind of creeping back up. Seema mody, thank you very much. Now to president elect joe biden. He continues to try to form formulate his incoming administrations policies, taxes both personal and corporate have been a big focus but part of the plans success now things to a point on two Runoff Senate races in georgia for more, were learneded joine. A lot of our viewers, they are wondering what is the new Corporate Tax structure going to look like a year or two years from now when you look into your crystal ball well, im gldelighted to be here with you. And what i see is possibly more of the same. So with this mixed government, if we continue to have this blue red blue with the senate being controlled by the republicans, i think that it will be tough to make stankts changes i think the legislative environment will be more hold k modest and so the low tax rate of 21 for corporations and 39 for individuals could be with us at least in the short term so that is i think interesting for corporations for sure. Yeah, without getting into the politics of it, i know there is a lot of focus on the ghrg senate races and a lot of people care if a lot of reasons of course it matters for the candidates, but from a tax policy perspective, joe manchin a democrat has effectively come out and said that he will not go with any wild progressive proposals, effectively maybe vote even semi republican. I only bring that up because it seems like any huge sweeping tax changes do seem unlikely i think thats right. Obviously were watching one of the senators came out at 25 rate but a lot of this really hinges on on being able to negotiate and work bipartisan to make that happen and so one of the things that is on our companys minds right now is the expiring provisions in the jobs act that was enacted, you know, the big sweeping changes we had four years ago. And so there are three big provisions that if nothing is done could make the actual rate that is paid, because remember, headline rate is it different than what is actually paid, go up and so that is on everybodys mind as well and that has to be taken care of and then of course there is a whole host of agendas that need to be done and what taxes will be latched on to those is important as well. Yeah, we dont focus on effective rates. 25 came back the next day and said that actually it was 4 you got a lot of ceos and cfos watching and knowing what you know, which i know not a lot given that there could be some changes, but knowing what we know, what is your best piece of Corporate Tax strategy advice for our audience right now well, if i could suggest three things first of all, practice a little patience lets let the dust settle. And then second, staying close with your tax function the complexity right now because when you add in the global aspects, every country right now will be enacting a lot of legislation. It will be huge. And prepare to educate s are often misunderstood and people in Congress Need a lot of education to understand really how it work bes abos. So put your plan together. Good advice on what will be a complicated issue and maybe a congressional fight. Kate barton, a pleasure to have you on thank you very much. Thank you, brian. And by the way, as we talk about vaccines here, we have breaking news right now out of russia russia come position out and claiming that the first interim data on phase three trials of its sputnik 5 vaccine has shown a 92 efficacy of course the pfizer efficacy was 90 , so russia coming out saying that their vaccine 2 better of course they are rushing to keep pace for a race at the shot of a global vaccine. So russia saying its sputnik Covid Vaccine is 92 effect difference not unsurprisingly, were not seeing a big jump on the dow futures on that news, but still the more vaccine we have around the world, the better. Everybody can get vaccinated faster should they choose. All right. Coming up, set those fears of a ruined thanksgiving dinner aside, were talking turkey insurance and the days other top trending stories next. Up at 2 00am again . Tonight, try pure zzzs all night. Unlike other sleep aids, our extended release melatonin helps you sleep longer. And longer. Zzzquil pure zzzs all night. Fall asleep. Stay asleep. At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a Bright Future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Insurance for your thanksgiving turkey soaring champagne sales and return of a classic ad character. Is that one story or three seema mody is here to tell us in our top sounds like it could be like one really good story. Buckle up, here we go apples mac event featured the surprise cameo from a one wellknown ad character. Take a look. Hang on, wait, one more thing. Hi im a pc time for questions good because i have one why . Why . Why make all these advancements, what is the point, flight oh, youre so quiet now. Look, im a machine, im proud of it. That is my fan that was John Hodgeman of the classic im a pc ad from the mid 2000s. He appeared unveiling the new p mac book pro and so that was the news there lets turn to another story. Liquor store owners in washington, d. C. Say thatchampay november 7 than in the past two new engineeriyeears yeef sell es combined and sales of other which will are also up in 2020. Sgla and if you are worried about this years thanksgiving turkey prep, whole foods and progressive have you covered starting today, you can purchase an uncooked turkey and get it insured, the turkey failure claim will get you a 35 whole foods gift card. All customers will need a receipt, picture of the failed turkey and an explanation of what went wrong. The idea is that you today to the pandemic, there will be many more smaller thanksgiving get togethers, so more first time cooks in the kitchen trying to cook a turkey. And i actually will be one of them not going back to oregon to be with my family, so i get to make the turkey and wish me luck, brian. I mean, what do they say, patience, right . Dont rush the bird. Season it and start drinking early. What is that i can do no problem there well do a zoom cheers on thanksgiving can we . How does that sound absolutely. I will see you there ill set it up if we dont do it, ill be personally offended. Thank you very much. And we just made it, who is next ill do it all day long. Who cares. Seema, thank you very much stocks are poiseded to keep the rally going and Ryan Dietrich lays out why a likely divided congress spells further success for the markets and more money in your pock debt. And you can also watch or let to us on the krcht in, app. Fr c app. Et and you can also watch or let to us on the krcht in, app. Fr c app. This rbi highlights the socalled back to normal trade the steer of tory of the century and while all of you were snapping up shares of cruise lines and airlines, big money was going are somewhere else the last couple days to the mall. Thats right so far this week, the three single best performing stocks in the s p 500 are basically all versions of the same company they are strip mall operators, kimco, Regency Centers and federal realty trust are the first, second and third best performing stocks in the s p 500 this week. Thats right one, two, three. So it is random but interesting about that, that not only are these the three best performing stock, but they are nearly identical businesses that nearly nobody else talks about but jim cramer has talked about realty trust for years. So being ruled by your local strip mall operator. Move over, amazon. Random but interesting and joining us now is ryan dietri dietrich, whose hard work ive stolen more than once. I have to look to smart guys like you you have to have smarter friend, they make you better i dont know what you make of that random stat there, but what do you make of the market moves overall the last couple sessions well, first off, thanks for having me and lets just say that you borrow my research, not steal. That is pretty strong but first off, happy veterans day to everybody out there. And you talk about turkey, i havent had breakfast yet, so im getting hungry here. But lets talk about what is going on this can be the First Time Since 1884 grover cleveland, you have a democratic president with a Democratic House with a republican senate. I mean, that is we havent seen that in a long time but what we do know, we are likely going to have that divided congress and like weve talked about, xwrid lock can be good keeping it real simple, this could be the 11 lt year in a row the s p 500 actually goes hire during a gridlock year so there are Different Things happening there, but sometimes it makes sense i know people talk about it for three or four days now with the big rally that the gridlock is here, but we really think that it potentially is a good thing for the stock to continue to do well and history says dont fight the bull market. Other things why we like it, but we think stocks outperforming bonds are the way to go into 2021 you just trumped me with the rbi there, First Time Since grover cleveland, first or second term in only on president to serve two not consecutive terms. So a good rbi there. We thoe hope that congress can get things done. We dont just want gridlock. We want incremental policy changes that help out where it needed and i guess that is what the market is reflecting there wouldnt be big inknowns because that is the one thing that we know the market does not like and what are we seeing . Look at copper gold ratio. Copper is outperforming gold and usually a sign that the economy is doing pretty well japan is breaking out to like 29 year highs hard to be bearish when you see Something Like that. Remember the yield curve the steep as it has been all year and by the way, this earnings season, over 85 of companies are beating expectations and increasing guidance next quarter which is really rare. So things arent perfect, lets not be pollingly anpollyanna hee for you. When we had the four days in a row of 1 gains last week, you got to go back to 1982, october of 82, the last time we saw that and it has only happened three times since world war ii when you have four days in a row that strong the return six months to a year out are extremely strong so the market is telling us something. We get all the headlines and fears out there. The market is telling us something and we think that higher prices is what will happen next year i dont know if this is worldwide can change or tariff ya ya trivial push suit, but i love it. Suit, but i love it everybody is bullish all the signs are bullish. When everybody is on one side of the boat, it makes me think maybe i should be looking for the life raft on the other i wouldnt disagree with that in the near term wouldnt it be something if it had a peak when you get news of a vaccine. Weve had people that have said that, that as great as it is for humanity, we know how the stock market likes to reacts and so maybe the vaccine news is the top about. Yeah, i mean, i wouldnt say the top, but maybe a potential near term top. But again, when you look at all the signals, it is hard to46 it is very hard to think that you will have a recession next years. 20 , 25 i get the president is a big deal, the Congress Matters but if thecongress is improvin like we see, chinese data has been strong. There are some things that really do say that were on the right path and wed be a buyer of dips. Weve told our advisers to be a buyer of dips and we continue to think that that is the way to play yeah, you get the advantaging seen n vaccine news which is great new, but then all the pundits come out saying it is bad news for stimulus but of course we now are maybe more likely to be locked down in the northeast and maybe parts of the country Indoor Dining now banned in san francisco, im sure it is coming here to new jersey so if we get bad news of the lockdowns, sort of short term good news because it increases the chance for stimulus or more stimulus were getting complicated there. But it makes sense i dont even know what im saying anymore it is wednesday. I dont know how you get up this early every day that is impressive i sleep through the day thats a good way to do it. Eat that turkey and take a nap but you think about it, that is true, if you get more lockdowns, the increased stimulus makes sense. But we think about a trillion dollar stimulus plan is probably what well have, not a 2 trillion when you see the gridlock but more good news coming from moderna. Well open up sometime in the next six months or so and that is what the stock market is pricing in here with likely again close to alltime highs literally as we speak. There we go yeah, might hit them today i told my kids look to april, april is probably when we come out the other side great segment, love the back and well trivia, bring it anytime, brother. Thank you very much. Thanks for watching. And before we go to squawk box, want to give a quick shout out, it is the veterans day. To every man, woman and veteran who helped us sleep better every night, you put your life on the line so we can do that and we do not say thank you enough also a veteran that is close do this show, my dad, u. S. Navy ten year, thomas sullivan, thank, dad, thanks to every veteran ats out there. Well see you tomorrow th voya gives us confidence. They help us with achievable steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope. Honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. Be confident to and through retirement. But you can work out anything wowith comcast business. W. Get fast, reliable, and secure internet on the nations largest gig speed network. Flexible tools like wifi you control. Voice solutions that connect you from anywhere. And expert advice here, here, or even here. Be fast. Be flexible. Bounce forward with comcast business. Get started with a powerful internet and voice solution for just 64. 90 a month. Plus, for a limited time, ask how to get a 300 prepaid card. Call or go online today. Good morning futures pointing to more gains gasoline for tagain for the dow. Well showis moving. And multiple states hitting new records for Coronavirus Infections as well as hospitalizations. Well tiell you about new lockdo lockdown measures. And there is new antitrust regulation proposed by china, stocks plunging. Well take you live to beijing it is wednesday, november 11th, 2020 and squawk box begins right now. Our heros prove in liberating stride
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