Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whistling past the graveyard tenor to them, and i mean that literally. Let me tell you why. First, its one thing to read about the rising number of covid cases. Yesterday there were 144,000 in one day another thing when you realize what that growth rate means if infections start spreading like this, a gigantic portion of the country is going for catch this thing. Some say the massive spike is from halloween parties thats just nonsense its not a spike its plain old exponential growth we thought per were hot spots like Nursing Homes and places of worship. Having ti having dinner with your friends inside thanksgivings only a few weeks away, what happens then. Forget hot spots, its more like hot swaths because the virus, its everywhere. Its just ridiculously and horrendously contagious. I know millions of americans are convinced covid is equivalent to a bad cold and only dangerous if you are old or have a preexisting condition but the president of the United States gets the best health care in the world, including experimental drug made by regeneron that has only been given to a handful of people outside of Clinical Trials sure, weve made Real Progress in treating the virus, absolutely however, if you get a severe case, if you actually need treatment, you still need to go to the hospital and need to see a doctor unfortunately, our doctors and hospitals are both stretched to the limit. When they run out of capacity, we enter stephen king territory and covid becomes a lot more lethal than it should be we keep hearing that no politicians want a lockdown. The federal government basically had to pay people not to work to stay home to help flatten the curve. Remember that term flatten the curve. Get ready to hear it all the time, if its possible this time around im betting we wont have full lockdowns, though partial ones. Without statewide shelter in place orders, well end up with nearly everyone staying home, especially if local governments enforce mask mandates and social distancing after a while it will be so obvious going out is too risky that the most courageous or stupid will still hunker down. Basically well have a nationwide selfquarantine, except this time there wont be any tra money from the government to tied people over i expect consumers to do the same thing on their own. Youll only go out for the essentials because you dont want to get sick or have your family get sick. In short, even if the government does nothing to stop the spread, we still have to deal with a raging pandemic and thats not a recipe for a robust bull market or a robust economy. We should thank your lucky stars the fed is keeping Interest Rates low, allowing people to buy homes in the suburbs or the country and paying to renovate them and buying a car to get around it only works if you still have a job. Dont forget, 13 Million People in the Hospitality Business in real trouble lockdown or no lockdown many or small to mediumsized businesses could be wiped out the landlords and creditors will be less forgiving. Then again, maybe the Bank Examiners wont let them who wants those stocks not me in this void, what kind of leadership do we have . Its less leadership more leadership vacuum. I heard from the president today. He sent me, oh, and millions of others a campaign appeal protect the electoral process. Silly me, i actually thought the election would be over after we voted, but trumps campaigning as though the race is still on meanwhile, the republicans and democrats in congress have dug in their heels doesnt look like theyre in any mood to get a stimulus deal done our Public Health leadership, shambles im hopeful well get good news from moderna, johnson johnson. I like to know that j j has a billion if not 2 billion vaccine doses sitting in frozen warehouses all up over the country. Without some new breakthrough, i see a world where we stop traveling again, perhaps forcing all the airlines to follow americas lead in offering a huge chunk of stock. American airlines, remember that deal at 13 not looking good the airlines will need another bailout from the government if there is a government. I can see a bankruptcy looming for the minor retailer chains that we dont think of, nonessentials and many of the players in the mall. We know Consumer Spending declines when you or a Family Member gets sick given a million americans have been diagnosed with covid in the last week, thats a lot less people spending money. We can take the worstcase scenario off the table how about if President Trump and president elect biden would get together and plot out a strategy to distribute the vaccine, and by the way, i think j j does have a billion, okay distribute j js vaccine and pfizers vaccine as soon as possible and Work Together a National Plan to manufacture hundreds of millions of doses and distribute them all over the country like we did with the polio vaccine. You all lined up and got it at your school instantly. Can you imagine them working together would that be a great country . The bottom line, if youre bullish on stocks here, you have to recognize all these things and believe that in the end they dont many anything because we just need to hold on long enough for people to get vaccinated if you dont feel that way, though, you have to accept that were in for some pain because this market has too many bulls and a good deal of them are going to panic our salute to Service Veterans day tribute continues. First question is from jason at the United States air force academy, where we were just last year jason . Caller hey, jim. My name is jason and im a senior at the air force academy. My question for you is about fiver. Theyve been a clear beneficiary of the freelance and gig economy boom and the stock is up nearly 700 year to date, but do you think there is enough Growth Opportunity to support this vie valuation as the economy recovers and people return to fulltime rourke than work. Ive been looking at fiver. Uhuh, not playing i think fiver is too expensive, jason. I dont want you in that stock i just dont that is just not the place to be okay there are too many bulls thats the sign to get cautious, not to get aggressive. Because well be in for some pain if we dont get more bears. On mad money tonight, as restaurants, hotels, schools and other big institutions prepare for a potential second wave of covid, im talking with the ceo of sysco, thats the syy kind, finding out how the food distributor is cooking up a new way to do business the ford ceo has only been at the helm for a few weeks but already looking at ways to reintroduce the brand. Announcing an electric version of the bestselling cargo van in the market ill talk with the ceo more enticing than fiverr. Dont miss my exclusive with another down and outer stay with cramer dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com. Or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. You can go your own way its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. In a market that feels like kind of a tugofwar between the prospect of pfizers miraculous vaccine and the reality of the current covid outbreak, what the heck are we supposed to do with a Terrific CompanyLike Sysco Corporation . Thats the syy kind. The food distributor supplies hospitals, restaurants, schools, hotels a 90 effective vaccine would be huge for customers the stock has been battered as new infection numbers broke records. Syscos got problems right now, but theyll be able to survive just that they need to be able to make it so that they make a lot more money until the world becomes normal in the meantime, managements taking action to help their clients. Many of us are smaller restaurants. Sysco is eliminating minimum delivery size requirements, placing small orders to make it easier for them to stay in the game as i know from my restaurant and bar, its all part of the restaurants Rising Campaign and i think it deserves more recognition. So lets take a closer look with the president and ceo of sysco corporation. Took over in february and was immediately thrown into a trial by fire. Kevin, welcome to mad money. Thank you, jim. Its great to be on your show. We appreciate you having us on this evening. Well, i want to talk about this thing because its really terrific i dont think people realize, but the Restaurant Business is a tough business and what you want are partners a partner is someone who doesnt charge you a minimum for delivery because, you know, basically youre strapped. And i know from your excellent documents that your customers have a better record of staying in business, and i think a part of it is because of the partnership. Yeah, jim, you know a ton about this industry. Havi having, you know, owned restaurants and owning restaurants. We would be proud of in this pandemic that were all going through is that sysco is doing more than anyone in our industry to help those Small Business customers to be successful nothing is more evident of that today than our announcement eliminating the order minimums for small, medium and large customers, but most particularly for those small customers. Were not doing this as an Optin Program we have the largest sales force in the industry. Were literally going to go customer by customer by customer to ensure that they know about this news and offer our free Valueadded Services to help them be profitable and successful during these difficult coming months as covid surges and the winter months make Outdoor Dining more difficult. One thing that you said that, frankly, cuts to the american character, i believe, is that the Restaurant Business is a little more resilient than you thought. Look, i mean, theyve managed to come up with new ways, outdoorways. Ways to be able to save money. And it looks like youre actually somewhat optimistic that we can ride through this. Yeah, jim, weve been pretty resolute from the beginning that the independent local restauranteur is an entrepreneur and they have staying power. There were some industry reports of bankruptcies in the 30 , 40 range and weve not believed that from the beginning. With that said, its proven out to be Even Stronger than we thought. We reported recently that less than 10 of our customers are currently closed and our job through these coming winter months is to help all of them be successful through the services and food product and expertise that we provide to them. And i think we can put numbers on it, you had a very big, bad debt number and it turned out that people paid and the bad debt number went down dramatically yeah, jim, we were able to reverse some of our bad debt collections reserve, as you just mentioned, and were proud of that because the work weve been doing, we have a team that uses Predictive Analytics to identify which customers have the highest risk and worked payment plans to help them bridge through this time of difficulty for them, and to be a good partner, as you said earlier. Now, how were you able to have Free Cash Flow of 862 million, substantially higher than last year when last year there was no pandemic . A combination of accounts payable, accounts receivable, strong Inventory Management and managing every penny, jim. So were really proud of having positive cash flow and operating income in our q1 despite a 20 plus drop in sales its a testament to our team we said that isnt a run rate for the rest of this year. Right. It truly was a really Strong Performance due to the reasons i know tated a moment ago. Okay, kevin, lets speak of the future i, like many people, had was able to have outside seating and then it got too cold and we knew that you couldnt do it because we didnt have the room to put the heat lamps right. There are a lot of restaurants in manhattan, for instance, and also where i live in summit that have Great Outdoor facilities theyve really been able to turn it around. Kevin, what happens when its too cold yeah, thats a great question, jim, and weve seen this coming obviously for many, many months. Our Sales Consultants have been working with each and every one of our customers to extend that outdoor patio season where its feasible with the space heaters. We sell domes, tents to extend it even further. Cold weather isnt really a driver of performance of our restaurant partners. Its the restrictions that are being placed on customers. So, for example, wisconsin, which currently has fewer restrictions than illinois, is performing much better than illinois right. And its colder in wisconsin than in illinois so, really, its about what are the local governments doing visavis onprem dining since we know its going to be choppy over the next few months as restrictions probably ebb and flow, thats why we lowered minimums to zero to help our customers through this time period. And do you think i think people are often confused. Your business is not all restaurants. Are some of these big institutions like when i see a School System say, listen, were not going to youre going to have to do it at home its too scary how does that impact your business yeah, our Top Performing businesses are what we call qsr, anything with a drivethrough window we have a pretty strong business in that regard were actually running increases prior to last year our hardest hit is travel, leisure and entertainment space. As you know, most of those are closed k12 education and even college education, and, yes, that business is down were working with our partners in that space. What does that business look like in the future fewer buffet styles all you can eat meals. More individual meals, to go containers sysco is bringing innovation in the packaging and quality of meal in single serve for the future. The fact youve done as well as you have, i know my friend nels nelson pelts is thrilled with the work youre doing. In the interim, doing pretty well ceo of sysco, great to see you, sir. Thank you. Thanks for having us on. Okay. Mad money will be back after the break. Change is all around us. Shaped by technology and human ingenuity, we can make it work for you and your business. But we are hoping things will pick up by q3. Yeah. Uh. Boss doug . Sorry about that. Umm. What. Its. Um. Boss you alright . [sigh] [ding] never settle with power e trade. It has powerful, easytouse tools to help you find opportunities, 24 7 support when you need answers plus some of the lowest options and futures Contract Prices around. Dont get mad. Get e trade and start trading today. Are investors built ford tough, enough to beth the electrifying shifts in the automobile space well, this is going to be exciting this youre going to like. As the market gets hammered, thinking about circling the wagons around groups that work even when covid cases are exploding. And whats working the automakers, especially ones with noncovid catalysts take my fav, ford motor. We know the pandemic has made driving more attractive, but ford is also a turnaround story. Over the summer they brought in a new ceo, a guy ive known for a while, by the name of jim farley also known as jimmy carcar. Im not making that up its for real. They relaunched the bronco in august, a lot of peoples favorite it already has over 190,000 reservations they reported a terrific quarter two weeks ago. Just a massive top and bottom line beat. Maybe more important, ford keeps rolling out new electric vehicles, like the suv likely coming before the end of the year or an electric f150 slated for 2022 forward announced the etransit, the electric cargo van, the First Electric cargo van for commercial customers lets take a closer look with jimmy carcar himself. The new ceo of ford motor. To get a better sense of where his company is headed. Mr. Farley, welcome to mad money. Great to be here, jim. How exciting is it, jim, to run this company, run this icon . I mean, my grandfather started the company in 1916, you know employee 389 worked at Highland Park and then the ruche plant. So everything good that came in our family came from ford. Lets talk about something thats new, the electric van, because i think people all over the country want electric as the first reason why to buy something. Well, you know, this is a big deal for us because what makes us different is that we are investing commercial vehicles. Theres a lot of exciting retail vehicles like the new mauche. 50 of the market for commercials, the f150 and the transit are the number one nameplates in their segment. We sell over 500,000 transits a year around the globe and were going to electrify it. The commercial customer is really different than retail they dont overbuy on range. Our electric vehicles are going to bring electrification to the job site so people will be able to use that battery and the etransit to power the job site. I bought an f350 why did i do it . Because of power will i get enough power with an electric 150 that i want because thats what diesel does. Its great power. You know, the range is going to be about 300 miles the big differences for people on super long trips. You know, its not the best you know, its not the best application. But we sell 1. 1 f series every year and within that million unit customers, some have duty cycles that are perfect for electric the cost of electricity is just a small portion of gasoline. For those customers, 40 less parts to go wrong, better up time and they have a lot and they have great performance and they have a lot lower cost of ownership. Speak to me about the demand. Some people feel were in a terrible recession i looked at before you came on, i looked at f150 used prices and the used prices are holding. I bet you some of them are, like, through the new prices of different models it looks like, therefore, demand must be excellent. Its incredible you know, you saw in our third quarter, you mentioned it, our finance company had a great performance. A lot of it had to do with really strong [ inaudible our dealers seeing a lot of Strong Demand for used cars right now. Theyre worth a lot. The market is rationalizing now. Were seeing in resale value, but prices are really strong why . Because we have overcapacity in our industry and the stocks are low. So when the stocks are low, theres pricing power. It happened in 08 its happening again how long will it last . Who knows . Weve got to work on our costs at ford, but its really strong for us right now were getting prices we havent seen in a long time. All right covid, doubleedged sword for you. Obviously people moving to the suburbs, fleeing the cities. Cant get around in uber, you need a car maybe a f150, but at the same time, plants may have to close because of covid how are you balancing the two . Boy, its it is definitely a supply shock right now i never thought that would happen, but thats what happened our team is scrambling night and day. We have, you know, to keep our plants going in the midwest, we have the most american jobs of any car company, most american workers, to keep those plants going. Were air shipping vehicles. I think we have 400 suppliers on premium freight right now. Mexico, we have lots of suppliers with high absenteeism, but our team is working through it as i like to say, scrambling is a core policy at ford right now. How about the bronco . You scrambling to make a lot given the demand its out of control you know, were really excited to bring bronco back after all these years. Its an iconic product i think we executed the product really well. As you said, we have almost 200,000 orders right now were trying to figure out to work with a supply base on how to get our production back up. So were kind of sold out on the first units. I think its the first true competitor to Great Companies like jeep, and its about time, you know this is fords strategy. Were going back to the basics and creating these iconic vehicles. Lets go back to the basics i like the movie bullet. I like Steve Mcqueen thats what the hottest car was then one of the greatest movies ive seen in a long time, ford versus ferrari. Can ford be that again yes, absolutely you know, look, our business has forever changed with connectivity, with electrification, and those are good things. Just better relationship with the customers. Lower cost for our customers but, you know, product still matters. Look at the bronco and the f150, the new mustang mauche and, yes, we can absolutely do it and were doing it. Weve got all these new products coming out cant wait to see what americans think of it. I like the partnership with salesforce because the idea of becoming integral to the small and mediumsized business is what you should have been doing, frankly, for a long time yep, thats right you know, where we get our strength at ford is commercial, small and mediumsized business. Plumbers, electricians if you ride around with them like i have, theyre running their business on postit notes inside their f150s and their vans theyre so underserved so to come with an enterprise solution so they can do dynamic routing, coaching for their drivers, even inventorying, you know, its a huge chance in fact, bringing autonomy, even partial autonomy to them frees up a lot of time so, you know, they can go for more jobs, bid for more jobs. So, you know, we really have a unique relationship with these customers. Were 50 of the market and now we can go into the software and also the Services Business to maintain the vehicles. Right. For a lower costs but its a big change for ford. Jim, speaking of big changes, i always felt with your predecessors ford felt like it had to be in every country no matter what. I used to get off the phone with guys saying, listen, we lost this money, but we have to be there. Are you committed right now to people, including people who say can ford execute in 2021 target 9, morgan stanley, can you commit to us the idea you want to make money everywhere or else you dont want to be there its the only principle our plan is really simple. Turn around automotive operations, modernize the company and disrupt our selves the first point, we absolutely have to have a sustainable path to profitability or we will not be in a market its that simple. Wow you know thats different from your predecessors. You know thats a commitment youre making that is different from the history of ford, which has to stop losing money and stop cutting dive tends and stop doing the things that make it so the people who bought your stock are disappointed well, lets look at it this way. You know, a lot of our competitors have left europe or Southeast Asia ford has a different business profile. We have a great commercial Vehicle Business in europe we have a great range of business in thailand and, and australia. So, you know, we have we have a global strength with our commercial vehicles that others dont have it doesnt mean were going to pull out of every market you know, but it does mean that this team is committed to having sustainable path to profitability in all the markets we compete in. That doesnt mean were going to leave all the markets. Right. It just means that, you know, thats how its going to be. So dont look at us like the same way you would look at another company that doesnt have the commercial strength on the other hand, absolutely. All right let me just ask you this turn around last question. That it sounds like if its a great market, you can double down, but under the current president , i would be afraid that ford would be blasted in twitter saying this guy, farley, hes building plants where he shouldnt be building plants if there is a great market, are you okay building a plant there now . Yes, yes. I mean, were investing heavily. Look, for lectrification, the f150 as well as the transit, we Just Announced 900 Million Investment in america. Were producing here because thats where the electric vehicles are going to be made. Okay. Fair enough. Well, look, we wish you the best of luck. We do think that ford can execute in 2021. I think target nine is wrong im saying target 12, all right . You good with that. Im with you. Im with you i got to get back to work. All right i like that attitude jim farley, Ford Motor Company mad moneys back after the break. At calvert, we know responsible investing is hard. If youre concerned about the environment and climate change, how do you find companies that are driving the right outcomes . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. Talk to your Financial Advisor about investing responsibly vo im a verizon engineer and today, were turning on 5g across the country. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. Im proud, because we didnt build it the easy way, we built it right. This is the 5g americas been waiting for. Only from verizon. I got it all from you im always pushing through i know well make it to the finish line i know youre waiting on the other side im like you ondemand glucose monitoring. Because theyre always on. Another lifechanging technology from abbott. So you dont wait for life. You live it. Tough day for the highflying tech stocks. Some have been crushed so we have to ask, is it coming down so much that its hard to ignore here is a stock on a roll until august when the Company Reported a great quarter with very cautious guidance, which caused it to lose more than a third of its value in a matter of days. After bouncing on the bottom, a comeback a few months ago, preannouncing strong numbers for the third quarter. In response, stocks spiked from 113 to 145 in a single session fast forward to last week, the numbers come in much higher than expected, but it didnt matter because once again they gave a very grim forecast plunging from 144 to 114 since then its come down more than another point go it to tell you, that guidance was, indeed, worrisome down from 25 increase last quarter. However, a part of me feels like weve seen this movie before they just did the same thing three months ago turned to be one of the situations i think they underpromised and overdelivered. Dont take it from me. Lets dig deeper with a change of command here with the cofounding executive chairman and former ceo along with his successor, Mark Anderson, the new ceo. Mr. Stokols, mr. Anderson, welcome to mad money. Hey, jim. Good to see you. All right lets get to it. First, dean, you are stepping up to a new role. I think youre a young fellow. I think you have many more years ahead of you why now . Well, jim, ive been at this a long time. Ive been at the helm for 23 years. It has been a long, emotional journey. I know the journey for the company is not over with we are less than 1 penetrated into the tam that weve identified as a 50 billion tam. And im confident that Mark Anderson is the guy to fill my shoes and take it forward. Okay, so, mark, cyber security, we talk to palo alto all the time, as you know, and have for ten years how is that synergistic with what youre doing right now . Well, thanks a lot for having me on, jim i definitely appreciate it excuse me. Longtime fan and watcher you know, listen, one of the things i loved about Palo Alto Networks was the mission, right, to prevent successful cyber attacks, and i think weve got an equally Compelling Mission where our customers ar struggling with the vast amounts of data that are swirling around their business and, you know, those that can command control of that data and deliver, you know, insights to drive datadriven decisions are really separating themselves, you know, from the losers. And i love the fact that, you know, especially we get a chance, you know, with our platform, upscale workers. People that have lived the miserable existence of banging your head against the wall with the local spreadsheet, you know, new application, we get to allow them with a simple drag and drop to really make the data safe and prepare it for advanced analytics. Yeah, dean, i was talking with one of your acolytes, the proce its almost as if its threatened a lot of other people because hes a kid that didnt really know how to code. All these other people above him make a lot of money. I said him in preparation for knowing i was going to see you, how many people could you fire at the company he said 1 3 of the people right now immediately dont need to be here because thats how powerful the product is do you find that to be a very similar situation a lot of other companies sometimes probably meeting some resistance from the people who dont want to fire anybody . Well, there are certainly those that would resist, but i dont think its about firing people i think its about repositioning people into more meaningful roles rather than drowning in v lockups and excel. Mark was spot on we bring people back to life we get them productive one of my Board Members said you turn every data [ inaudible and thats exactly what we do so the people who no longer have to drown can go do something more meaningful for the organization. So you came in and youve been bombarded i read the virtual one the investor presentation. But you just did a really interesting conversation that you had november 5th, which is, you know, this is kind of a refintive street event edited but that said to me, something that did worry me, okay . It said you were asked by a guggenheim analyst about whether there was more churn you were asked about whether there is the possibility that the deals are shorter and its taking longer because of the environment. And the analysts questions were basically along the lines of, well, wait a second, a lot of our companies are doing incredibly well because of covid. Why are some of your deals being delayed and why are they shorter . It does call into question whats going on. You know, listen, i think, you know, a lot of our prospects and customers have been impacted by the, you know, the pandemic in different ways. I think one of the things that weve really tried to do is make sure we can instruct people how to leverage our platform to deliver real outcomes around the pandemic you know, important use cases like really determining, you know, how to shift medicine around the country in the most efficient way from some of our customers. And so, you know, we i came here for a reason, jim i mean, im a knuckledragger at heart. My my i built my career being in the details, and i think at this stage of our reality at ultrix, we have the ability to build something special. No ones really taken over when theyre using our platform, the experience, thats the high watermark. Were going to build a machine around that experience so that customers can consume our innovation as efficiently and frictionfree as possible, and so that they drive that speck outcomes that matter to them and, you know, i certainly feel comfortable at this stage. Its within, you know, a few years of my joining both Palo Alto Networks and f5 and weve got a great team im super excited about, you know, killing it. All right one last question. Dean, there is a fantastic on your interview, a woman from bae. Shes human resources. Your product turned her into somebody who is respected beyond human resources, which is incredibly important, my daughters in human resources. Yes, respect matters, but it was done with ultrix onprem, is that something that showed you how you have empowered people who are otherwise not empowered within their organization we give great flexibility and its also flexibility across the enterprise its not just the folks in hr. Its everyone in supply chain and analytics and the office of finance. Were actually helping all of the workers upskill themselves so that organizations around the world can finally get access to the 15 trillion of value that is locked up in data sources sitting right around them. Well, i want to thank you both for coming on and the empowerment should not be lost on people, especially young people, who feel a little intimidated by a process that maybe is not as good as the people who put it together think. Dean stoker, congratulations cofounder, executive chairman and former ceo and Mark Anderson, the new ceo great to see you both. Thank you. Thanks, jim take care. Take care. Byebye upbeat music we did it crowd cheering [narrator] wherever you start, snhu is where you can finish. crowd clapping crowd cheering here we go. [narrator] and its it. [group] yay [narrator] you did it, high five Southern New Hampshire university. [man] that gets a hug. laughing look at that masters degree, i did it i did this for my children. I am very proud of myself. [narrator] finish your degree at snhu. Edu. To high quality Computer Science and stem education. I joined amazon because i wanted to change education and i am impatient. Amazon gives me the resources to change the world at a pace that i want to change it. We provide students stem scholarships and teachers with support. Im a fighter and im fighting for all students. Keeping your oysters busihas you swamped. You need to hire. I need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo lightning round is sponsored by Td Ameritrade it is time, its time for the lightning round. Buy, buy, buy, buy, buy, buy, buy. Sell, sell, sell. Then the lightning round is over are you ready . Jalen in florida jalen . Booyah, jim with the incoming administration, whats the likelihood for kodak to fulfill our need for homegrown innovation in the future for vaccines i wouldnt bet on kodak to be that big a part in the situation. As a matter of fact, i actually think that might be a good situation to be able to ca ching and find a better one. Matthew in california. Caller jim, thanks you for all you do and big booyah from the marines. Wow, good work. Thank you. Thank you. Whats going on . Caller my stock is Blackstone Group ive owned it for about two years. Time to take the profit or keep holding on no, no, you want to keep that running. Blackstone is in a really good situation. My dad was always scared of the marines. He was in the army those guys go in first congratulations on everything youve done to your country. How about tasha in maryland . Tasha . Caller thank you so much for having me. As a fairly new investor, ive mainly stayed away from Retail Stocks due to the pandemic and the impact its had on sales earnings, however, ive been looking into best buy and i read that the company is project pentagon projecting 50 billion by 2025 by ramping up tech offerings and venturing in the Health Care Arena are you bullish on the best buy stock for the long term . Im glad you put that in. Right now im recommending costco and walmart i think theyre more able to deal with the pandemic longer term, best buy is fantastic. And, remember, the renovation house trade is distinctly best buy because of the great tvs they have. I love going to best buy lets go to chester in missouri. Chester . Caller booyah, jim i know my young sailors are playing video games on their free time. After bad earnings should i be buying more . Ill tell you whats amazing, that that stock made it all the way back is a testament to the new management i think you can hang on to it. Thank you for your service lets go to daniel in new york daniel caller hey, jim. How are ya im good. How are you . Caller good, good. I got a twopart question for you. Two two part. Caller all right youve had good things to say about amd in the past. Oh, god, do i every. Caller so with ibm and amd partnering up, announced yesterday, what does this do on your opinion of amd . And then, second, will this move the needle on ibm . No. Not the needle by the way, lisa sue worked at ibm and i think its a good announcement for both. It wont move the needle what will move the needle is tremendous earnings from amd and the closing of a very difficult deal that some people dont like that i think is going to be terrific nicholas in hawaii nicholas caller jimmy chill pleasure talking with you, sir my question is for salesforce. Is it time to initiate a quarter position. I was thinking about buying thats the way i would do it. Firms have partial shares. Yes, downgraded today. I think its a good place to start a foundation and that, ladies and gentlemen, is the conclusion of the lightning round. The lightning round is sponsored by Td Ameritrade im searching for info on options trading, and look, it feels like im just wasting time. Thats why Td Ameritrade designed a firstofitskind, personalized education center. Oh. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well except now youre binge learning. See how you can become a smarter investor with a personalized education from Td Ameritrade. Visit tdameritrade. Com learn when you see chinese consumers spending 115 billion as part of the singleday Consumer Spending festival, thats a holiday the communists dreamed up to help move merchandise. Its natural to assume a needle mover for any American Company with big chinese exposure is here it makes sense that you want to buy the stocks, but thats the wrong approach, people when youre picking stocks what matters is the future not the past now that its in the rear view mirror, important thing is that it gives us clues about which companies are taking share in chinas booming economy, and thats something worth thinking about on a day where american stocks were just getting clobbered. Okay so what happened here . We know that apple sold a ton of product that singles day, but apples so huge that even a gigantic sales event isnt enough to move their needle. While i still think apples worth buying, of course, that is more to do with component orders than singles day ive seen a lot of Companies Sell into apple and their orders are just booming we know north face sold plenty so you can buy shares of its Parent Company vf corp when you look at how much the stock is running, consider they just shelled out 2. 1 billion for supreme, thats a cult street wear brand. I think this is ahead of itself. By the way, levis did well, too, but im a little nervous about that one under armour very big singles day as did nike under armour is a maybe. This company spent years trying to turn themselves around. Looks like theyre finally getting some traction. By the way, i love their sports mask youre betting theyll have a big Holiday Season over here as north america accounts for more than 2 3 of their sales. I bet they can pull it off, but i wouldnt really call it a china play, which brings me, brings me to the two names you need to focus on two American Companies that crushed it in singles day, yes, crushed it nike and estee lauder. Nike gets 18 of its business from china if they get a big bump from this made up shopping holiday, id expect the analysts to raise their numbers as soon as tomorrow we know the analysts love we recommending this one whenever they can dig up a positive new data point singles day has given them exactly that as for estee lauder, the cosmetics kingpin, has a ton of chinese exposure but a lot of people dont think that. They assume its joint at the hip to ailing mallbased distributors they pivoted away eons ago theyre selling a lot of stuff through ulta beauty. We had mary dillon on last night. By the way, mary dillon says she expects to sell prestige brands and that means youre selling estee lauder china and the surrounding area, but also, by the way, the dutyfree shops that are around china, say, in hong kong, thats the real opportunity, because theyre much better about Wearing Masks than we are. Wearing masks all the time can mess up your skin. Enter estee lauder which moved a lot of advanced night repair Skin Care Products for singles day. Those were the big sellers i think the earnings estimates or too low apparently they may have sold more merchandise on this madeup holiday than any other American Company. And its also the most expensive stuff that they sold and, look, every country on earth needs to get religion on masks like china and its neighbors. The virus is exploding here and in europe, but asian governments took the threat seriously and their citizens actually behaved responsibly, probably because they already had the experience of the sars epidemic now the whole world is going to be forced to wear masks, whether we like it or not. We sure hope for the vaccine but that aint coming that fast, which means lots of people with skin problems on their face. For the longest time Estee Lauders main driver was cosmetics. Thanks to covid, its skin care. Its leading the way for them and its very profitable i bet the analysts will be all over themselves to raise the estimates and that translates to higher stock prices. Even in the lousy market we have maybe to buy Something Like this, estee lauder at this pace, leave it a healthy china than a weak United States. I always say theres always a bull market somewhere, and i promise to try to find it just for im Shepard Smith on cnbc and everything is going in the the wrong direction. New tough restrictions it n its not going to be easy. What we need to do to get our families and ourselves through these next months. A Record Number of women elected