Will wake you up, call it ludicrous speed. Stay here, airbnb making its pitch to go public even as the travel sector continues to suffer amid the pandemic and buffetts big buys, the sto stocks he says are ready to rally. It is tuesday, november 17th, and this is Worldwide Exchange. Good morning, good afternoon or good evening from wherever in the world you might be watching. Im Brian Sullivan thanks for joining us. Here is your markets and money on a tesla tuesday as well call it futures are mixed to flat. Dow lower, nasdaq futures are higher neither are moving very much but another big monday for your money, more new records and a new vaccine candidate of course. The dow coming off its first record close since prepandemic levels in early february the index now just 50 points away from 30,000 something certainly a number to watch. Small caps continue though to be the star the s p small cap 600 up another 3 yesterday if you are not paying attention to small caps, you should. Lets also take a look at oil, it has been running and running higher up 15 this month. Youve got an Opec Technical Committee meeting today, but all eyes will really be on december 1. That is the opec plus russia meeting. And whether or not opec will keep their big protection cuts going even as concerns there may be new global lockdowns and thus another reduction in Global Demand for gasoline and jet fuel could be a contentious opec meeting. But no doubt your stock of the day, heck, stock of the last five years has been tesla. It is up 11 right now free market tesla will be added to the s p 500 as of monday morning december 21. Why should that send the stock up well, if you are newish to the markets, it means that all the index funds and etfs that track the s p 500 and there are a lot will effectively become owners because a lot of new creation being added to those etfs which creates a lot of demand, thus you see a stock price go up 12 . And check this out, with this mornings rally, tesla now has a market cap of about the same or slightly more than walmart now, walmart also on the move this morning too, so as of right now, it they are about neck and they can tesla at 34. Billion, that is s well so where they end today. Closing in on visa beyond those two, only five mega cap names will be larger than tesla. Apple, microsoft, amazon, google, facebook in other words, tesla, as long as things stay about the same for the next few weeks, will be the sixth largest stock in the s p 500. Pretty remarkable. And our rment menbi later will u an even more remarkable tesla stat and it was a mixed session overnight in e asia the european markets are just getting things started with most averages making modest gains, y jumana is joining us with some of the news we need to know. And were seeing a bit of a pause today. There is more red on the board than we had in the last couple sessions ftse 100 one of the leading underperformers in the session, down about 0. 4 . Were seeing a lot of pressure on some of the Energy Stocks that you have been talking about as well as some of the airlines. Ill get to that in a second cac trading on the flat line and ibex in spain weve been watching that closely. Today it is trading on the back foot but let me get to the individual sectors so you can see better what im talking about today we have actually some of the defensive names up at the top of the sector performance. We have Household Goods up 30. 3 insurance up about 0. 4 , that is bucking the trend as of late travel and leisure down 1 banks also trading in negative territory and the Energy Sector also trading on the back foot. So we are seeing some rotation out of the rotation that we saw into cyclicals over the last couple days. But a couple stocks i want to draw on in particular because we did get some results out of easy jet, we spoke to the ceo earlier on the show, you can see that it is town about 0. 6 but they post a big loss of the year north of 1 billion pounds. Is town about 0. 6 but they post a big loss of the year north of 1 billion pounds the stock was lower earlier on and is climbing back slowly. There was a big bounce in the last couple weeks as the outlook has improved with the potentialed a vent of a vaccination, but still were on very negative waters there compared to where we were at the beginning of the year. And finally, let me turn your attention to the branking spaba. Big news for the spanish bank, they had sold off their u. S. Business to pnc. Yesterday bbva jumped 15 , now trading back in negative territory, down about 5 this on news that they are looking to acquire and possibly merge with one of the other sfoh banks. So giving back some of the gains that we saw yesterday. So a lot of deal making going on in the european banking space. Youre a former investment professional, when money is free, why not throw it around. Exactly in sitting on a huge amount of capital, so they have to spend it, why not you send me a million, ill send you a million and well both be millionaires how about that appreciate it. The market is rising despite the recent surge in covid cases. The number of hospitalizations now topping 70,000 yesterday, fatalities now 1100 a week, but thankfully with better treatment, the fatality rate has come down a long way since the spring and is now before 99 thanks to all the First Responders out there in california, that state breaking its single day record for new coronavirus cases ing Governor Newsom to pull what he calls the emergency brake on efforts to reopen that states economy. 28 of californias 58 counties are moving back into more restrictive purple tiers, that limits their capacity at retail, closing fitness centers, and forcing restaurants to limit to outdoor only service meantime officials in philadelphia have also announced that they are implementing new strinlg strict restrictions as well. Among the changes that go into effect this friday, indoor parties and Indoor Dining are banned gyms, museums and libraries will be closed and eating and drinking will now not be allowed even at out door gatherings. Wow. Now to one of the most anticipated stock market day bus of the year moving one step closer to reality, rahel solomon has the details on that and some of the other top stories your town, philly, cant even eat outside. Through january 1 so quite a bit, quite restrictive, but very necessary in these times of covid. Lets talk about that ipo. Airbnb has released its prospective ahead of the ipo, the rental company revealing that it made 219 billion net incan at deep cost cuts helped offset the costs of the air break. It is expected to garner evaluation of roughly 30 billion. And nuk azuckerberg and jack dr will be questioned about allegations of send are sore ship on their platforms, limiting the reach of of the report on joe bidens son hunter and his alleged business dealings and pfizer reportedly launched a pilot Delivery Program in the u. S. For its experimentmeal covid19 vaccine, aimed at addressing distribution challenges facing the ultra cold storage requirements firzhas tapped rhode island, texas, new mexico and tennessee for the program citing differences in overall size, diversity of populations and immunization infrastructure. Got it watch names like a cryoport, we had that ceo on to talk about just this, the told Delivery Systems rahel, well see you in about two minutes. Now to the latest on the president ial transition and continued tension between the white house and president elect joe bidens team this as President Trump apparently mulls some major policy decisions that he might slap on just before exiting office tracie potts is joining us from d. C. With more on all these stories. Good morning reporter good morning, everyone lets start with the transition and those Intelligence Briefings that still are not happening so today, president elect biden is doing his own and sounding the alarm about the danger of shutting him out president elect joe biden and Vice President elect Kamala Harris hear from outside National Security experts today as pressure glrows to include them in Intelligence Briefings and coronavirus planning more people may die reporter and biden also working on a covid relief plan to distribute the vaccine to millions of americans by next spring the sooner we have access to the administrations distribution plan, the sooner this transition would be smoothly moved forward reporter as election recounts and legal challenges continue, one of President Trumps top allies senator Lindsey Graham is denying that he asked georgias secretary of state if he has the power to throw out ballots. No, i never said that, i said do you have power as secretary of state to require bipartisan about verification of the signature because right now they dont. People are out there making bold face lies, you just have to call it out with facts reporter and President Trumps plan to pull troops from afghanistan is facing pushback from one of his key allies terrorists would like nothing more than than for the most powerful force for good in the world to simply pick up our ball and go home. They would love that reporter the New York Times reports the president is also considering withdrawing troops from iraq and somalia and in his remarks on the struggling economy, president elect biden said we can deliver immediate relief in congress will abilities on t will act on the funds that have been stuck for months sflp all rig right. All right thank you very much. And when we come barks much more on teslas rally as it heads into the s p 500, what kerry firestone has to say on this long awaited move plus former Goldman SachsAsset Management chairman jim oneill is here and why he says all the worlds richest countries need to act now on a vaccine or suffer the economic consequences but first, what buffett has been buying, a rare look at new positions from Warren Buffett and his team in omaha. Z 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. Berkshire hathaway is making big bets on big phrma. And share shoulders of one chain have a lot of reasons to be many that americans are stocking up are a hel rahel, what have you got. Berkshire hathaway trimming its stake in apple and adding new investments in sef several makes, merck, bringtal myers and roughly 2 billion a piece and also a small investment adviser. It sold apple shares in the third quarter, but still their biggest sink gemgle investment and separately, Warren Buffett and berkshire revealing a new stake in tmobile buying roughly 276 million in shares and it also bought more stosk in kro stock in kroger and bank of america. And costco will pay 4. 4 billion, the dividend move is as consumers stock up on essentials and finally smile direct club lower, revenue beating forecasts. The maker of lower cost teeth straightening retainers says that it is seeing broader acceptance of the dentistry and has no real competitor must be nice brian. Yeah, not smiling today, done 4. 5 well see you again in a few minutes. Thank you very much. On deck, bracing for iota, as yet another hurricane hits some already hard hit parts of central america. Well track the big storm and where it is headed and later, laying out what could be a rocky road ahead for retail, bill simon will join us, a lot to talk about there. Todays big number 23. 8 billion. That was last weeks net inflows into the etf that tracks the s p 500. The spy. Reat is the strongest showing in the years and the Third Largest on record. Labradoodles, cronuts, skorts. its a skirt. And shorts the world loves a hybrid. So do businesses. So, today theyre going hybrid with ibm. A hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. Thats why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ibm. people greeting one another its coming in to catch up with the owner. The curated collection you cant find anywhere else. And how she sets aside those pieces she knows are so you. The small details are a big reason to come back and shop your favorite small businesses. We know them. We love them. So lets go shop small. With american express. Lets get a check on some of the other top headlines. And for that, we ggo to Frances Rivera yes, the life threatening storm is hammering central america, the same region still trying to recover from hurricane eta is now in the path of danger again. Hurricane iota made landfall in nick nicaragua at a category 4 storm. And spacex has docked at the International Space station and they were warmly welcomed aboard to begin their six month rotations. What a historic trip here. And still their arrival, this marks the completion of the first fully Operational Mission carried out between spacex and nasa and also kicks off a new era of spacex chartering flights for nasa making it easier to keep the station well staffed and also well maintained those are your headlines what is that like i mean, hey, where you been, did you bring any milk i mean, it has to be unbelievab unbelievable oh, hey, xgood to see you, thank for joining us at 30,000 feet above the ertz the heearths coe has to be amazing. Ahead, the get out and travel g. O. A. T. Trade onceagai on the heels of the second vaccine news, you have to see some of the returns. And why jim oneill is going against consensus when it comes to the outlook for Global Growth he is here right after this. Dow futures down 104 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. Is it a dow 30,000 kind of day . Aim e eyes are on the markets. Call it a tesla tuesday, shares up 11 in the premarket as elon musks baby finally gets added to the s p 500 your rbi will show you just how rich some people may have gotten on the stock and whats the future of retail post pandemic we look to the spring and maybe a new look to the way we shop in stores as a bunch of big time earnings roll out this week. Bill simon of walmart will join you us it is tuesday, november 17, this is Worldwide Exchange right here on cnbc always be all right when we g shopping but you know that it also going to be all right when we go shopping welcome back im Brian Sullivan thanks for joining us. Here is how the markets and your money are shaping up stock futures are mixed right now. You have dow futures down a bit, off about 92 points. But nasdaq futures are higher by about 28 the dow actually in the green on fair value so not a clear indication of which way these markets want to go and whether or not we will hit that stort ort of mystic 300 mark on the dow. Dow seeing its first record close yesterday since before the pandemic hit all the way back to early february it is now just 50 points away from going before that 30,000 mark wow. Investors buying big time into what we call the g. O. A. T trade, get out and travel although maybe go out and eat, amid news of a secondly highly effective Covid Vaccine candidate from moderna. One big etf heavily exposed to restaurants and hotels is the pej, it rose nearly 3 on monday, and check this, it is up nearly 20 this month. Because the markets are acting like everybody is just going to rush back out for a fancy burger or a fresh and fruity pressu iy. Look at the gains this month, the november reign red robin, up 45 administers bjs. . Dine brands, dennys, up more than 20 and cheesecake factory, up 23 . And those are gains in about 8 trading sessions a lot of these Companies People worried what is the future, we get a vaccine, investor, are they overdoing this bull run back into restaurants, pretty big names there. And some big gains well find out but your stock of the day has got to be, what else, it is tesla. It is surging more than 10 in the premarket as s p, Dow Jones Indexes finally announces the company will join the s p 500 effective prior to the market on monday december 21 and with that premarket rally, at its current market cap right now, tesla would already not only be in the s p 500, it would be one of the Biggest Companies in the s p 500 market value right now, 4. That includes the premarket trade. Walmart also up premarket, so it is actually about the same. But 437 billion visa just one of the only really the only nontech company that is bigger than tesla. Other names of course you know apple, amazon, google, facebook, they are the only stocks left in america bigger than tesla. Wow. It has been a heck of a ride for the company. All right. Turning now to a very different but important story and that is the ongoing outbreak of covid. Despite progress on the Vaccine Development front, troubling new figures in america when it comes to covid and really around the world as well. The number of hospitalizations now topping 70,000 for the First Time Ever yesterday. Now, thankfully the fatality rate has come way done since the spring as treatments have gotten better in california, that state breaking its single day record for new coronavirus cases forcing Governor Newsome to pull what he calls the emergency brake on efforts to reopen the economy. 28 of californias 58 kointsi is will move back into the purple tier, that limits seating at retail, closes gyms, forces restaurants to move to outdoor only service in certain parts of that state but it is not just the United States that has been hit hard. New restrictions are being rolled out across europe as we would in response to the pandemic all this as the g20 prepares for a Virtual Summit kicking off this weekend and among the topics on that had skren today, t agenda, Global Health crisis and possible global coordinated response joining us now on this and more is jim oneill, former Goldman SachsAsset Management chair, former uk treasury minister as well great to have you back on the program at a very important time we are getting close to coming out of this, we can see the other side, the numbers are tough now. But we know we have promising vaccine candidates and many more on the way for lack of a smarter question, how did we make sure that the worlds richest economies dont screw this up . I guess we can start by praying, brian maybe we should all have a little prayer each night we go to bed the next couple weeks you know, the vaccine use is obviously amongst the most encouraging things weve had in the nine months since this mess started to engulf the whole world. And i suspect that well be getting more with other promising vaccines coming through possibly in coming weeks, perhaps even involving one in the uk. So i think that well get increased diet of more and more belief that there is an end game but while that is primarily good for the developed country, especially the home nations where the vaccines are coming from, obviously given how the world is connected economically and in so many other ways, unless we can get to the process of trying to fin vaccinating all 7 billion plus around the world in a reasonably hopeful time frame, then some part of the world will still be suffering some consequence from it so youre right, the g20 focusing on this which of course is hugely complicated by the u. S. Vacuum between the two president s but this should be the number one priority for them especially given the relative small sums of money involved to ensuring the right facilities for equitable distribution all over the world. Yeah, we actually talked about it back in the spring that there was no more are, quote, Economic Data that really health data was simply the new Economic Data because you cant have a healthy economy unless the people in it are healthy as well you wrote a piece about it there are countries which to be frank, we dont talk about a lot of indonesia, the philippines, bangladesh, nigeria, they dont get a lot of attention because they should because their economies and populations are far larger than many of our viewers might even imagine them to be. This idea of equitable distribution of the vaccine will become a question for the ages, will it not . I think if you look at it from the most basic way, which hopefully will force more people in the u. S. And elsewhere to think about is go back to my first days in business in the beginning of the 80s and decades that have happened since, we had Global Economic growth of about 3. 3 , accelerated to 3. 6 , 3. 7 in the decade we just finished. Most of the acceleration if not all of it was due to china and to some degree india if you look at the developed parts of the world, whether it be the states, europe and even more so japan, all those three have seen their growth rates weaken so if we want to see the board contin world continue to grow at stronger rates, it is crucial for them, we have to be trying to help lift the standards of growth in those lower income places with the largest potential. And many of the large populations, you highlighted some of them by name, are exactly those places and they are the places that we need to ensure get benefits from these vaccines that are being found as well. Yeah, it is amazing someone said why are your kids taking french and not mandarin and i said i think french is the language of the future and somebody laughed and i said if you look at kaffer are africa, countries that speak french, their populations are massive. And growth potentials, they could well surpass other areas of the world as well do you think that well be able once these vaccines, and Oxford Astrazeneca also looking promising, do you believe that when the rollout, the physical rollout of the vaccine occurs that the markets will respond or do you think the markets are responding now to that eventuality . It is a very tough question i mean, i have been pretty constructive about the market linked on what you touched on earlier. It became evident as early as the late part of march that the markets were focused on the infection all over the world together with some kind of ploebl protect probability of vaccine discovery. And now we have two vaccines coming to fruition, the markets have responded accordingly and now trying to focus on the issue of vaccines versus vaccination i think is a very important nuance it seems to me because we are going to get more vaccines coming through, there probably is going to be more hope and especially for these bond out sectors that have suffered all over the world, obviously traveling and tourism, in the piece i wrote, just in the uk alone, 22 billion pounds worth of lost Consumer Spending from tourists visiting the uk and you multiply that number all over the world, that is the kind of loss. And a lot of it comes from higher indo peopcome people. Probably affected places like new york i would imagine significantly, maybe washington, d. C. , the major cities on both coasts i would guess but certainly big Global Cities have been really badly affected by these things. So i think the markets probably will price further the chances of vaccine discovery and vaccination helping that interconnection, but quite how it plays with the market leadership from tech and of course the whole interplay between equities and fixed income, as we see, it is not such a straightforward manner. And im trying to figure out i think that well probably continue to make new highs, but i think that there will probably be not as quite straightforward as it has been the past few weeks and months well said, jim oneill, appreciate you joining us. Ill put your piece up on linkedin later on. A nobrainer for the g20 as you say as we all can look to the spring with a lot of hope hopefully. Jim, thank you very much thank you, brian. Up next, want to know what stocks the biggest most powerful hedge find managers are buying of course you do and leslie picker is here with just those names the reopening of large swra swathes of the u. S. Economy, hopefully, brought big Name Hedge Fund managers back into the retail sector. Leslie picker hasnt excellesl e spent all night combing through the filings. Good morning. Do you remember july, august and september . For much of the company no, yoe they had reopening of restaurants. I dont either honestly. Coffee is important. Luckily that is still open with a 6 month old or 3 month old or whatever, yeah. Who is still sleeping thank goodness for now. Well see once were done here but you know, we saw the reopenings of restaurants and gyms and malls over the summer and for some heblg Fund Managers that signaled a time to buy and they bought brick and Mortar Retail names yesterday of course was the deadline for Institutional Investors to reveal their holdings, and in those revelations over that period, the spdr etf jumped more than 16 , that is almost triple the performance of the russell 2000 over that same time period those 13f filings revealed that co2 management was a big part of it laffont took stakes in your traditional mall staples, like american eagle, best buy, deckers, l brands, under armour and urban youtfitters and he wasnt alone. It was also encompassed in David Einhorns 13f, he took a stake in dillards and sculptor capital acquired a position in nordstrom and upped its position in macys these holdings of course are as of the end of the third quarter, they may have changed in the six weeks since. But if they did hold on, the sector as a whole did quite well with the xrt up 16 . Not quite as well as the jump in overall small cap stocks in recent weeks it doesnt surprise me at all, and well get to a question about performance, but it doesnt surs price me becaupris only thing ive learned in 26 years in this business, anytime you bet against the American Consumer, you tend to lose the americans propensity to shop whether in person or online, it is often understated. And i had somebody tell me this weekend, said maybe they have got a backstop for the big mall owners because if you are a Simon Property group, you need to make sure your tenants survive. I think an interesting take there. Yeah, it is critical of course if you are a assignen Property Group that you have tenants that will pay you rent and obviously in the pandemic that has been a huge issue with retailers closed and, you know, inability to pay rent because they are not seeing any revenue come through the door. So that an interesting theory. But you know, interestingly in the filings that we surveyed, it wasnt clear that people were holding both mall operators and retail names, it was kind of either or and far more on the retail side than on the actual real estate side lets end it on this, i was going to ask when is the last time you lad dinein meal . I go out every night i can because i figure that they will shut everything down soon. Yeah, ive eaten outdoors, i havent done the indoor thing yet since march. So it has been about nine months wow look forward to that first meal back the indoor thing is kind of my oh, you have no idea especially now that the weather is getting cooler, it is becoming more difficult to eat outside. It will happen again, i promg. Thank you very much. Ive been going out going inside as much as i can just because i figure that they will shut everything done soon. Leslie, thank you. Joining us now is former walmart u. S. Ceo bill simon, good to chat with you. A big week of course, but i want to ask you a question, you probably heard leslie and is conversation i know this is different than anything weve seen in, i dont know, forever in our lifetimes but this idea that americans just arent going to go back to stores, to me it just seems silly. What do you think . I agree i think that well see that. I think that we did see it as things eased up this summer. And as we invariably get through this, they will be back. The consumer is strong they have stayed strong. And i think we said that a little bit ago, anybody who bets against the American Consumer is going to lose. And really it didnt surprise me leslies report on some of the brick and mortar stocks growing. They have been so beat doen dow, invariesbly there wi there will be some winners out of them. And if you can find survivors in that group, they will rebound and you can make some money on the markets on them. There is only two things that i never want to have happen again when this thing is over, number one, i never warrant to hear the term an abundance of caution. It is like were having an abundance of caution and number two, i never want to tear done another card board box. Were well overstating on line ordering it is convenient, but i wouldnt call it fufrn. T fun. Not everybody survives the malls will have to change. Local mall near me is half empty. The Department Stores are gone how do you see it evolving to the right mix . Well, interesting, i couldnt agree with you more, you know, i think in the wall street journal the other day, there was a article on this where even with the acceleration to ecommerce, were still somewhere around 18 of retail in the u. S. Is online, the rest is physical retail and so there are going to be winners. Americans are shoppers and to be quite honest with you, im curious to see what happens with no black friday, whether they can actually move all that volume online and ship it, which will be a challenge. But i think that there will be a separation, i think the real acceleration that well see in retail is retailers who were having difficulty before the pandemic, that difficulty is going to be massively exposed and they will be the ones that will be challenged to make it. Retailers who were well run and well capitalized and have a nice market position will survive this thing and on the back side of it, there will be massive opportunities for them to grow and even a period where i think that there will be opportunities to grow more brick and Mortar Retail outlets so i think that you will see fewer but stronger retailers on the back side of this in my view is there a black friday anymore, or is it a black, you know, month of november in a sense, right im already seeing ads for black friday sales two weeks ago i hope it doesnt turn into a black hole that day is so important for bri brick and Mortar Retailers walmart does a massive amount of volume on that day and for years, retailers are trying to ship that forward after black friday to spread it out. It will be very, very challenge for them to match that volume. If it goes online, three things will happen. First, they will only shop the deals and the deals on black friday are margin neutral or a loss so there is not much margin there. So i think that we should watch the margins. Second for me, can they push all that volume out, will the volume that they did did on black friday weekend be met by the spreading and the online aspect of it. And third, can it be shipped there is already a shipping crunch, u. P. S. And fedex and usps, where there is no more capacity and so now if you take the billions of dollars that was bought at physical retail on black friday and try to ship it, it will get crazy. Bill simon, al appreciate yo your views and well continue to look post pandemic and get you back on soon to talk more about that as we all try to figure out how it will look thank you very much. Look forward to it. On deck, your morning rbi, and just how much some early investors may have made in tesla stock, up 12 this morning by the way being added to the s p 500, is thyou height wanyomit nn ck after this. Todays rbi has to do where your top sorry and that is tesla, because probably know the stock has been red hot do you have any idea how much money some people have probably made on teslas stock . If not rkt well show you. Teslas stock didnt do a whole lot its first few years. So if you had kind of taken a chance, maybe thrown 10 grand in to tesla in 2011 a year after the ipo and held on through all the doubters, the short sellers and some of musks madness, you would be sitting on 850,000 right now thats right 10,000 invested in june 2011, worth 850,000 today an 8100 return on your investment and by the way, that ten grand would have bought you 416 shares of tesla back then elon musk right now owns a little more than 170 million shares of tesla. Lets rename it rbi rich but interesting. And congrats to all you long term at the time la stock hotess and joining us now, kerry firestone, a cnbc contributor and frequent guest on the halftime report. Can you believe these numbers . Were not allowed to own any individual stocks here and i look at some of these stats and im like if you nailed it, youre buying a solid gold helicopter right now yeah, unbelievable. Tesla has been a cult stock but for a good reason. They have a great product. S p saw reason to add it and that will be worth 10 to 15 today i suspect. Yeah, you didnt want you do it though, people knocking the valuation, but it hasnt seemed to matter. Why is this a teflon tesla if you will tesla represents a couple aspects people love. It is Great Technology but also something that you can relate to everyone owns a car. And this is a beautiful car that works fantastically well it is created by a company and a ceo who represents innovation, charisma, and it has a huge sentimental value to investors it is the opposite of course of the reopening trade. So if you want to talk about having a balanced portfolio, you can own some tesla and then you can own airlines and cruise ships because it gives you an opportunity to participate in what has worked so far in this rally. And remember, tesla traded up to about where it might trade today on september 1 right before they split the stock, then it traded down about 20 and now it is coming back up and if they can continue to earn money and we can value it, it might be the sort of name that we would own of course i wish we did given the statistic you just gave us but you cant own all the stocks it is easy to look smart after the fact you trim some of your big tech, tell us about fortiv and vonteer. So a Health Care Instrument and supply company spun out fortiv, which is a High Technology instrumentation in the analytics company. We like the valuation and then they spun out a Logistics Company that does lot of fuel measurements again, not an expensive stock, very attractively priced and those are reopening trades we butt them both and we think that they will participate in the are ally that continues as we move toward a reopening life after the vaccines and we have to have something that is not just remote living and Remote Working kinds of trades. So we also cut apple because that was expensive i like it new names. Always bringing the heat, kerry firestone, and there will be a. P. , after pandemic, world. Certainly well look more and more toward it thank you. Have a great day and that does it for us here on boaworldwide cha worldwidw. Dow 30,000 well find out 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. Good morning, stocks closing yesterday at new highs the dow within 50 points of 30,000 tesla shares soaring on news that the stock will join the s p 500, the move will make elon musk the worlds third richest person and maybe the best dancer. And wall street watching Berkshire Hathaway taking big stakes in phrma companies, cutting its stakes in apple and jpmorgan well have a run through of all the big moves. It is tuesday, november 17, 2020, and squawk box begins right now