Theres a live lookin well monditor that for you. The president elect announcing his team today we expect to hear from joe biden at the bottom of the hour and his fed chair nominee, janet yellen josh, i mentioned the dow, best month since 87, russell, best month ever, energy best month since april, industrials best month since 09. Theres a lot of momentum coming into december. Yeah. Look, i think a lot of people are saying this and i actually agree with it and i hate to go along with conventional wisdom but right now it seems as though the biggest risk is that everyones already bullish and there arent that many people left to buy. If you go on like financial social media, you find owl the bears. In real life people are in, regardless of what they might be saying publicly. Right now thats probably the big risk, that things are a little bit too good. You have a great setup with earnings growing, the vaccine being distributed. In london theyll give it out as soon as monday i i dont think we i dont think were that far behind im seeing leadership from places where you havent seen in a long time. Some financials liook like theyre Cloud Computing stocks these stocks look amazing. Airlines and cruises look like they want to run take a look at wynn in that group, looks the best technically. And then ford and gm are industrial leadership stocks, right alongside uber if you looked at the three of them and you didnt know what they did, you would just say, wow, these all look like tech stocks so its been a really long time since youve seen that and i dont know why, like, you would want to fight against it why not just let it happen and be a part of it. So i think that thats what the mentality should be for investors right now. All good points steph, i could have mentioned the financials on my list. I joust got tired going down the list financials have their best month since april 0 the to joshs point, okay, ed yardeni today wonders are there too many bulls hes bullish and so is everyone else, he says. To that point tom lee is out saying history suggests a 100 probability for december gains since 1945, december is up 100 of the time when the s p is up 10 to 15 year to date and thats where we are now. Unless a bear market starts next month, he says, december looks like it will be a very strong pin ush to dr f finish to 202. Thats where we are, steph theres 4 in cash in money markets so the consumer has some money to spend to joshs point, we did make vaccine progress and from an investment point of you view, that is going to lead to better earnings and gdp growth. But were already starting to see really good Economic Data and we have been for the last couple of months Single Family homes sold but not started is up 92 year over year even though the ism here disappointed relative to expectation its very, very high, new orders are very, very high vits important, its a leading indicator. And if you look at yellen or powell, whether its a combination or not we got yellen so we know theres more coming thats very encouraging, too i dont know why you want to fight this im a little nervous that everyones talking about cyclicals when they werent back in april, may and june when i was. I still think that the operating leverage on the cyclical side when you see better growth and margins will be very powerful for those stocks and sectors sometimes it just takes other people to see the same light that you did back in june and july thats just the way it is sometimes. You got to stay humble. Dr. J, you can have both of these things living together everybody can be bullish okay up know, irrational exuberance lasted for four years since greenspan said it. Stocks are going up because of the gains weve witnessed already roar to date and as stuff just said, its hard to fight the landscape. Yeah, it is hard to fight the landscape, scott, and i im not recommending fighting the landscape. Im also always recommending to any of the folks, were trimming as you have these monstrous gains. The outperformance of small caps in november was astonishing, a near 19. 5 return just in that month and many stocks far better than that. Like, again, take a look at tesla. Not exactly a small cap stock, scott but there are plenty of examples of stocks, scott, that just exploded to the up side i think its a good idea to be trimming you have to have the same discipline on taking profits that you do on cutting losses. On the other hand, looking out into, as josh said, as early as next week when vaccines start being delivered in the u. K. And perhaps the rest of europe, california, which we know is exploding with covid cases is nonetheless, Governor Newsom said 320,000 doses of the Pfizer Vaccine are on their way to california right now, the emergency use. So that doesnt mean they roll out next week. It doesnt mean that everybody in california is just fine it means theres hope. Thats right. Theres a light at the end of the tunnel but what about this idea, dock, that steph says it a unnerving, it seems everybody likes the cyclical stock should we be worried about that . The very nature is those stocks that amount of money is extraordinary. Yet we still see apple making 2 and 3 moves that same money if its going into small cap stocks results n in, just because of the size and because there is not that much available as there is in the case of an apple or microsoft or facebook the fact that people might be focusing more on the cyclicals and and putting money into those stocks, it only takes about a quarter or so of the amount of focus and money flowing into those stocks into double. I mean, it energy, materials, industrials or financials al. In energy this april pause of the comeback, materials october of 2015. Is the boat too crowded . I dont think so, scott i mean, i think the point thats been made is on the buy side, you really havent had a lot of people come into these kind of value cyclical areas that steph and i have been hanging out with and it takes a little to move it, as john said, but i think there is somewhere to go and o lot of them arent even in pos tir territory for the year but i do think youve got this cash coming in on the side line and it going to this barbell strategy of grow, youre getting to an area where people didnt have any cash. March, april, may, june, investors said until we see something, i dont want to touch cyclicals or financials. This is going to be one of the biggest maybe questions of the next 30 days at least of the faang stock, whether they get this second wind or take a bit of a back seat to a lot of those cyclical stocks weve been talking about. Jonathan, welcome back. Thanks, scott good to be here. You say faang plus is coiled, ready to break out of consolidation since doing nothing since the upper we thought the risk reward wasnt there for some of thieves names and since then theyve treaded water. In the midst of that, weve seen some massive rallies in other parts of the market. So small caps outperformed the nasdaq 100 pi about 20 over that time. Now i think youre starting to see mega kap tech and the were seeing they corrected through time and now theyre starting to break out of these bases and we think that bodes well as we head into the final month of the year for these areas. Hey, job, jonathan buy act vision and Electronic Arts and take two nintendo and biotechs, too hold on give john a chart of alphabet. This has already gone. How is this not going to 2,000 35 times earnings, seven times als. We tested, too yes, theres a lot of stocks that have gone side ways and google actual, as did tesla. I think teslas a little bit do downi think the areas that still have yet to be exploited on the up side are more like the facebooks and netflix and even amazon that really just havent done anything for three months steph, what do you think about krinskys call here . Nintendo, xbi, ibb yeah, i own quite a bit of them so im glad to hear that theyre poised to break out. All of these companies have what the consumer is looking for, what they want google its search and youtube and estee lauder, it skin care and cosmetics. Theres a lot of these names you can look at and you can understand why they should go higher because they are secular growers. This is what i ive been arguing all along. You want to own some of them because the total Addressable Markets are opportunities for these companies is maybe we lost steph for a second jonathan, where is this money coming from . Is it fresh money on the sidelines or are we having a rotation from some of the cyclical money out and then into the fang plus. Today is a perfect example. I think were starting state at home switch. And youd have the stocks in airlines up for travel down. Were starting to see both areas work together. You have netflix and amazon up 2 to there. I think thats coming down be, which reveres as destubbive maybe fresh money coming in. It could be a about on the also a it could be bit of that i think it constructive to get away from is it a stayathome day or a go to work day . What about the stocks we threw out there from jonathan in. I of course agree with john than and i think they should be a core part of virtually everybodys portfolio, scott, because these stocks will continue to thrive in almost any market yeah, they pulled forward some of their some of the demand when youre looking at an apple, for instance but how about a microsoft, scott . Look at what theyve done as they addressed things like we talked about earlier, about slack, about any of the competition coming from elsewhere. They just went after these competitors and added it in to what they already offer. So did they get stronger during this absolutely was it just the lockdown no they actually looked around at what people were what their Customer Base was demanding, what their Customer Base was rotating over in the case of some of these other software plays, scott we can do that, here we go and as they get better and better and google gets better with meets and things like that, youre going to see these guys continue to thrive and thats going to draw an awful lot of additional dollars in 2021 good stuff. Jonathan, thank you. Congratulations. New dad. I hope your wife and asher, everything doing well . Yes, sir. Thanks, appreciate it. Be well im sure well talk to you before the end of the year lets talk more about tech. It raises some interesting questions when you look at not just the faangs but, josh brown, a name like zoom, which youown which has been one of the biggest beneficiaries of the pandemic and that company is seeing moderating growth and i wonder if we have to start now planning for others to see the same thing as the pandemic gets longer and longer into the tooth and you can see a light at the end of the tunnel. So the Quarterly Report last night there was nosign in moderation in their growth, they actually raised guidance by an equally embryonic stem cell bare ased if youre talking about share price growth, well, thats another story. If you pull back this chart far enough, its in an up trend. Im in gains of over 500 given how long ive owned it i have no plans to sell it there are almost no companies on earth that you could think of that are in the position that zoom is in for future growth will they be able to have, you know, 500, 600 in user growth but theyre in the early stages of monetizing the incredible platform that they built and the vastness of their user base cannot be overstated they really have created the google of video communication and they do deserve a lot of the gains that youve seen in market cap here so i agree with what jonathan said i dont think were going to play this on off game anymore. I hated it in 2011 when we were doing this about european sovereign debt and i hated it this year, vaccine on, vaccine off. Lucas hooper a columnist from the 1970s said as soon as you find the key to the market, they change the locks. Bad the Software Stock and buy starbucks when theres good vaccine news how long do you think thats going to go . I buy stocks that trade on their own merit. Im just going to give you information on the moderation of growth, which is undeniable if you look at the metrics of customers with over ten employees of zoom, which is an important group. A 17 increase quarter to k quarter compared with a 40 growth rate from the prior period obviously 17 is good but it aint 40 its moderating somewhat thats what i was referring to if you want to know where i got my information you run out of School Districts and corporations at a certain point. You cant you cant grow at a certain pace realistically given the amount of population there is on planet earth thats the thing that air force base has run into. The question is what is the pace of monetizing that theyre just Getting Started there is nothing moderate at all about revenue growth, Earnings Growth and nothing moderate about the increase in guidance in those things. We can argue whats that worth in the market and did the stock get ahead of itself, but if youre a longterm investor, show me another platform thats been built in the last couple of years that has this much potential in terms of earnings and revenue growth, shopify, zoom, pay pal . Are there others im not sure maybe the valuation dont make perfect sen but more than you would think. There are others in that stratus fear that need to be more heavily scrutinized by investors who true and look for excuses in zoom or whatever causes a 13 sell down in the stock. Youre seeing this bleeding in docusign, which is going to have earnings coming out there are folks who are thinking maybe the trees dont grow to sky. Theyre worried that even if you are, you know, one of the best movers in the space, not the first mover because theres been log me in and a host of other basically meeting softwares that have been out there. Many of them free offerings as well but zoom became ubiquitous and became like clean but those are not leaders when you i mean, is it the next myspace . It could be. You could be a tree believer like josh and hold on to it. I would say i think with competitors as well healed as microsoft and google going after you hard that zoom is going to be struggling to stay with corporations now, maybe it becomes something that people use for free forever and maybe theyre able to be add supported or whatever it might take to get there. I think google and microsoft are much better positioned for that, scott and thats why i use their products yes, ive used both have you ever used their products ive used both, josh. And you think the edge that zoom has technologically is obvious . I dont think its obvious at all. Ive used log me in, ive used google me, ive used microsoft teams. I think there are plusses ant minuses of all of those. But i think zoom just had the first mover as far as getting out into the population, not necessarily getting into the paying population of the institutions, josh thats what i worry about. What zoom did that for whatever bizarre reason skype never figured out, citrics never figured out. You had all these other possible competitors that for some reason it didnt occur to them, just make it a link can you send people and it will go viral. The other thing they figured out is they had a lot of the Technology Building of the platform in china where it was much cheaper, as opposed to trying to build that all out here, which is the road that slack took, which is why zoom had better margins all this time those are to me the two achilles heals that the other platforms will figure out. Now the cost of building this technology will go up and margins could those are the two things id worry about i would not worry about the ubiquity of zum oom or that the user interface makes zoom look like i think they have a substantial lead in user interface and user growth. Ive been hearing the competition story for a long time people say theres no reason taco bell cant beat up chipotle you do have steph steph is on the phone now by the way. I hope can you hear me hi. Its technologys fault, not yours, steph she should zoom yeah, right for some of these names you get box later today, crowd strike, octobera, zscaler and know splak on wednesday, you have and mad money 6 p. M. Eastern time on cnbc. Talk to me about whats at stake with some of those names even thoch you might not own many of them, i know you own salesforce how those go may dictate how other parts of the market will go as well back at the goom price, it and it had to be a picture perfect quarter and it was not if you look at the guidance for margins. Theyre going to have a lot more people convert to free users that said, this is suitly a s absolutely a secular growth stock. Docusign up almost 200 all these stocks have had such a nice run i think salesforce is a different animal its only up 40 i do think the quarter will be very strong. This is one i want to buy if it is weak because they are the leader in cloud and i can get myself around a 11 times price to sale valuation. If they take a breather and esell on the news, you want to pick your spot and salesforce will be the one that i do, swl into dream force and analysts say on the 8th of december, which should be cat a lust first. Apian corp, you mentioned it on ou shore a couple of weeks back we had a viewer tweet us today who said you mentioned apion corp last week, it suffered a massive pull back in the last 48 hours. It is still up double digits, 18 or so since you mentioned it on the show. I just want to squeeze it in here i dont own it. I used as a it can i mentioned that like 100, it went to 170 in the next week or so. Have i no position in apion. It was youd mention it, but i wanted to reach out to us and wanted our opinion on it shane felling is a fellow of s urs. I may buy it but i never did and i have no current position, but it is an example of a small cap that had a massive breakout. If you go back and look at that chart, obviously it did. Thanks for join clarifying that to me we enter the last trading month of 2020. Were back in two. Housing in the burbs is red hot because of the pandemic. Theres not a lot to choose from homes flying off the market two weeks faster than last year. How will the government ensure there is fair access to [ whispering ] whats this . Oh, are we kicking karly out . We live with at t. It was a lapse in judgment. At t, we called this house meeting because you advertise gigspeed internet, but we cant sign up for that here. Yeah, but im just like warming up to those speeds. Youve lived here two years. The personal attacks arent helping, karly. Dont you have like a hot pilates class to get to or something . [ muffled scream ] stop living with at t. Xfinity can deliver gig to the most homes. Im dominic chu. Here is your cnbc update at this hour show me your hands this is Police Body Cam video following a Home Invasion robbery in florida three men tried to escape after being surrounded by the police the suspects also face kidnapping charges for tying up some of their alleged victims. In iran members of parliament shouting death to america and death to israel after the killing of a top nuclear scientist. They had just voted in favor of a bill to increase uranium enrichment after what they say was an assassination by Israeli Forces today is World Aids Day the World Health Organization says new infections are down but there were still 38 Million People living with aids in 2019 and one in five were not aware of their infection and in japan, the return of a symbol of hope the Olympic Rings have been reinstalled in tokyo bay they were removed four months ago for maintenance. The games are schedule for next sum p summer yet Something Else to look forward to lets talk stocks you bought charter and you sold discovery take me through both, the thought process. Sure. So what discovery, our thesis didnt work out. It was kind of the value play and great content. They do have great content but they werent able to get it distributed across the different channels it just wasnt something that had any catalyst or real growth, just a cash flow machine without growth charter has great broadband and they run their businesses really well we think the secular growth story of more people using broadband and using the internet, theyre going to make more margins i mentioned before the break that the cnbc pro, theyve done a screen and they have wall streets favorite ten stocks heading into december. Can you go to cnbc. Com to check that out you have to have at least 50 analysts with buy ratings and the most up side to the target ranked by up side to a 12month price target the top tenning includes dexcom, newmont corp, boston scientific, regener regeneron, carmax and tjx. Stephanie, tjx is your newest position all the off prices had a better than expected quarter 2q sales down but things are definitely improving its got to be a recovery kind of story and you have to believe in that but i do believe in the Treasure Hunt and i do believe they are the best of the bunch cross margins were phenomenal. They of beat by 300 basis points in the quarter its an off weight play on housing because home goods is a big part of the revenue story as well they had up to 19 at home goods. Im glad its on the list. John najarian, carmax is in the top ten. You have 76 of analysts with a buy rating on that stock like this one, scott, for a whole host of reasons. Obviously carmax and a lot of the automotive plays have done exceedingly well during the shutdown because people didnt want to go on public transportation, among other things and low Interest Rates doesnt hurt them either, scott. Thats why i like pulte and carmax on that list. I think could you hold both well into 2021 and see very nice alpha out of each of those two stocks josh, you own nvidia. Not in the top ten, nonetheless, it is on the extended list, but also opine on deere, which you used to own way back when. Thats on the list mcdonalds is on the extended list as well what i like about lists like this, scott, is that theyre bringing you ideas from, like, so many different sectors. And i think thats just an important principle in general like investors often dont know where to start and they think ill just trade the stocks everyone else is trading but when he they do that on an app, its all tech stocks just as a general principle, i think its important to focus on things like what are analyst expectations i dont know that would be the singular reason i would buy a stock. That its distant from a price target i do like the idea of looking at names where Earnings Growth and estimates continue to rise i guess thats why nvidia is on that list. Go to cnbc. Com pro to see that list. Coming up, johns unusual activity trades. S p green across the board, up just shy of 48 , communication just shy of 48 , communication services, with staples at the caboose. Back after this. Workflow it. . With the now platform, we can catch problems, before customers even know theyre problems. Wait. A hose . What kid wants a hose . fireman . Says hose. It says horse not a hose cedric get over here now our people can collaborate across silos, from across the globe. So hows the new place . Its a 4 bed, 2. 5 bath igloo. Its great yeah, but you have to live in the south pole. Sir. Wait, are you sure . Yes, were that productive now. You hear that . the kids get twice the presents about time 2020 gave us some good news. Whatever your business is facing. Lets workflow it. Servicenow. Should auld acquaintance be forgot and never brought to mind should auld acquaintance be forgot and Auld Lang Syne well take a cup of kindness yet for Auld Lang Syne next customer please. Its time for unusual activity john imagine inajarian, tell us micron number one. All right, scott. Its up 34 in the last 30 days. Just an astonishing run. And it burned right through that 65 strike into the december option, scott, and now theyre rolling up to the 70 strike in december so these are about two weeks and three days into the future, scott. Thats how much time youve got to be right here so i like buying and at the money call here, perhaps the 68s and selling those 70s for the other folks that just want to take that shot, buying the 70s is what an awful lot of people are doing. 28,000 of those changed hands so far today. Second trade, take a look at cemex, about 4. 85, theyre buying the january 5. 50 calls. Ill be in this trade about a full month rare than just a couple weeks and i love that up side here one of those infrastructure plays depending when that money starts flowing, scott, these guys are going to do exceedingly well so i like that play as well did you and pete do that the same time . I think i talked about pete about cemex maybe yesterday . The days run together but it sure was recently. Yeah. And ive been long this one since i think about october 28th or there abouts, scott, we saw unusual activity in it its been moving up. Its one of those plays that after the leelection and the du settled, we thought valet and freeport would do well and they have up next, well take a check on the dow a little bit of red creeping in. Were not at the highs of the day. Still a good one, up 237 for the dow, 29,877. Were back right after this quick break. This holiday, get iphone 12 on the 5g americas been waiting for. This new iphone plus verizon 5g is incredible. announcer unlimited plans start at just 35, and now iphone 12 pro max is on us when you switch. This is 5g from americas most reliable network. The teams been working around the clock. Wire, weve had to rethink our whole approach. Were going to give togetherness. Logistically, its been a nightmare. Im not sure its going to work. Itll work. I didnt know you were listening. Fedex hitting an alltime high today upgraded to overweight at bark clays, that he cite favorable risk we regard stephanie link, this is what you told the producers this is, quote, a ridiculous call it says somebo says somebody who owns ups and xpo. Its up 90 year to date and, look, ups is up 46 . Of the three, xpo is the laggard. But i still like ups very much new management, the discount to fedex had a 2. 5 yield and very strong liquidity i think thats the better play from here. Id be very careful of owning these stocks in the First Quarter because they usually struggle mightily in terms of keeping up with demand and higher costs over the Holiday Season is steph too cautious, josh brown, on where fedex can go well, she makes a good point that, like, youre basically coming in after every possible positive for next year might already be reflected, but technically i still think its going much higher. This is not a comment on whether or not its better than ups. Im just telling you in terms of price action, i dont see any reason not to be in this name. And what i would do is i would go back and use the january 18 level as my stop loss, which is about 270. So youre taking 20 points in risk on a 300 stock and i guess my question to stephanie would be when they come back with the buyback that had been suspended this year, would you rather be in fedex or not in fedex well, im not crazy about fedex buying back their stock anyway id rather they increase the dividend its a paltry, small dividend yield, especially relative to ups and ups has a much better Balance Sheet she i think the cfo of home depot was great for years and thats why i want to own that one over fedex. Paypal, target from 29 290 to 270. You own paypal i do own it i love the secular growthidea. I love the idea of venmo, that people are using more and more cashless where thats the society were going to i think this company has just started kind of going back to joshs point on zoom, we really havent seen the big Addressable Market here is huge. To monetize a lot of this, i think is going to be in the future i think its a core holding in everybody eaves stocs stock bernstein initiate Online Travel agencies and the calls are mixed. Booking holdings go underperformed 1720 is the pricee expedia gets a market perform, no big whoop trip advisor is the one they like the best. They go outperform and 35 is the target thats a pretty big up side from where the stock is now, more than 25 what do you think . Well, i like all three, scott, but i do like trip adviser the most of that group thats because the social aspect of it. The communication between people when theyre on trip adviser, looking, you know, we all know that some of these posts on the internet, whether its on yelp or trip adviser are someone suspect at times, but nonetheless, theres a lot of people that like going back and forth with that to check out exactly who is saying what about this hotel, about this vacation they were on or whatever so of those three, tip adviser i like the engine behind all of it, scott, which is saber and i talked about that one last week for unusual. And i still own that i feel like josh wants to make a comment so im going to let him. All right no, i just pictured dr. Jay reading yelp reviews and arguing with them out loud hes been all offer the world and probably stayed at every hotel on that site. Thats true before the break, you want you to take a look at some of the stocks hitting new highs today on this first trading day of december well be right back. I felt like. I was just fighting an uphill battle in my career. So when i heard about the applied Digital Skills courses, im thinking i can become more marketable. You dont need to be a computer expert to be great at this. These are skills lots of people can learn. I feel hopeful about the future now. I feel hopeful about the future now. These days, we want sophisticated but simple. Cutting edge made user friendly. In other words, we want a hybrid. And so do retailers. Which is why theyre going hybrid, with ibm. A hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. From retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. Time for the futures outlook. Platinum is hour alongside the other metals and our next guest sees more upside with us is bill baruch gets a lot of talk for the obvious reasons. What about platinum. Platinum was up 14 in november when gold was down 5 the World Platinum Council said there could be a supply deficit next year and the u. S. Dollar keeps going lower. It will bring a tailwind to commodities and china will continue to stack their reserves and then the new administration with the green initiatives, its all a tailwind for platinum. I think 1,200, 1,300 is in the cards and how am i going to trade it look at it at a 990. I put the stop at 945 risking 220 bucks. Upside 1,190 that would be a 10,000 gain. That would be in the cards as platinum breaks out of a tenyear downtrend. Good stuff. Well talk to you soon bill baruch blue line futures. Well take a quick break and when we come back well do final trades next. Our vision is to be the best sports and outdoors retailer in the country with a mission to provide fun for all through strong assortments, value, experience over the years, weve given customers not just great products, but outstanding experiences. We cant wait to have customers nationwide have fun out there. We started by making the cloud easier to manage. But we didnt stop there. We made a cloud flexible enough to adapt to any size business. No matter what it does, or how it changes. And we kept going. So you only pay for what you use. Because at dell technologies, we stop. At nothing. Welcome back well get to final trades in just a minute. Josh, i want to go through one more update with you, if i could. Charles schwab, i know you dont currently own it those who follow you in dont always fall you out. Wells fargo upgraded it to overweight today what do you think about schwab i like it i understand the upgrade, and i think they have it exactly right. Schwab basically the business is premised on how much they will make from money market funds if the fed keeps weights low, schwab makes more money than any of their competitors in the space. Like, its better for them than anyone its a play on the reopening is the right way to phrase it, and they have. And and i think and i think it could work. Okay. Thank you for that surat, lets do final trades you can start us off. I like chevron, up 26 for the last month, great Balance Sheet and 6 dividend yield. Everybody is talking energy pete, i think jon was saying exxon is a new position for him so that seems to be the way to go after whats been a god month for energy dr. J, what have you got . Underarmor. One of our stocks collect unfortunately that we like talking about it and with the steph curry branded shoe coming out and Branded Retail apparel this is a killer for them it i bought it during the show. All right good stuff i like when things happen during the show stephanie link on the phone, final trade from you, please. Windham destinations, a smaller cap company in the hospitality space, but they have a recurring revenue model, solid Free Cash Flow and 3 dividend which they are committed to. I like this name. Playing a little bit more for the reopen josh brown, youre last but not least. Did you happen to notice new alltime high in uber today. That stock is going much higher. I think its a 100 billion market cap from here. Good stuff. Stay long, i am long. Good stuff, everybody the exchange is now. Thank you, scott. Welcome to the exchange. Im melissa lee in for kell evans. Heres whats ahead. Bulls taking charge to kick off december for a record. Are we setting off for more gains or did the november jump steal from the santa claus rally . Plus, betting big on beauty. Sephora will open hundred of shoeps in kohls stores. And an inside look at just how hard airlines are going to lure back c