On a covered relief package, is congress truly ready to drop the politics and throw the financial lifeline to millions of americans, Peter Navarro is about to join me live from the white house the president s top trade advisor helplessly demanding more from billions and coronavirus aid to form what he calls a physical bridge between the terrifying covid spike were seen today and widespread vaccine distribution, why hes breaking with cop senators who are resisting the relief package. How do salesforce is 28 billion acquisition of work from home darling slack really go down, slack cofounder and ceo Stuart Butterfield who grew up in a cabin with no Running Water in canada. What a story, he will take us inside the room to tell us how he got a price for his work from anywhere in prior that has some on wall street raising eyebrows but not salesforce. We begin with the fox business alert, could we be days away from a covid relief bill, House Speaker nancy pelosi holding a News Conference a couple of hours ago to say there is momentum on capitol hill to pass one which both democrats and republicans might be able to live with. We feel excited about the prospect that there is a bipartisan, i told members im not bringing any more bills that are not bipartisan, its not everything that we want, dont get me wrong, i dont want the republicans to think that this is a dream come true, it is not, it is a path forward though. Liz the big myths and the jobs report underscores the urgency of such a package as a labor picture is darkening again for american workers, georgia 65000 jobs added in november, that is badly with the 469,000 estimate. Peter navarro is President Trumps top trade and manufacturing advisor, he is joining life from the white house lawn, the new oped in the wall street journal urgently makes the case for fact passage of the generous package targeted to Small Business and the most vulnerable americans, Peter Navarro stressed the u. S. Faces significant headwinds from the pandemic which is restructured transportation, entertainment, hotels, restaurants and commercial real estate adding to the structural lows is the prospect of renewed lockdowns across the 50 states. Welcome, is the 908 billiondollar pipe artisan stimulus bill circulated right now on the hills, Strong Enough to provide the lifeline you envision . Heres what im concerned about, were about two months late and a trillion dollar short to help millions of americans avoid the painandsuffering they are feeling now and unfortunately the relief bill got caught up in politics, i think it was pretty clear the democrats did not want anything to help President Trump but now were facing as what i see a chasm, i did not love that report today on unemployment, we clearly see what i refer to as a Second Derivative problem, we had the trends going up in terms of being positive for the employment rate and things like that but clearly at a decreasing rate that is a Second Derivative and what were gonna see fairly quickly right now is the flip over where Unemployment Rate is going to stop and start going back up and if you combine, this is important if you combine the number of people who dropped out of the labor force with those in the count for the 6 number we actually saw a slight uptick in the Unemployment Rate. My message to capitol hill, get your act together, get it done and get it done quickly, the three components are pretty clear, we need a reboot on the ppp program for the Small Businesses, that was extremely effective as a document in the oped, i think we need another stimulus check and also we need a reboot of our unemployment compensation, we cant go back to that 600 all onesizefitsall state but we need to calibrate in a way which would provide relief, we need to move. Liz you just had a trillion dollars short, ive got to ask you, you are going against what some gop senator said back in october, they suddenly decided they did not have an appetite for a big package im talking about mike lee of utah, Marsha Blackburn and johnson and Lamar Alexander speaking out against this, you are basically pushing back from gop senators and breaking with them and saying we actually do need this money. Im just a macro guy looking at the chessboard and when i say a trillion short i mean an additional trillion, there was a debate between the republicans they were ready to go for a 1 trilliondollar package, they had that on the table and pelosi wanted 3 trillion, what im saying at a minimum we need those three parts of the puzzle and that probably gets us to the 900 sextillion that is on the table, the point is, we need the physical bridge, we have the vaccines coming thank you to Donald J Trump coming in the spring in full force but now, it is likely got understand theres only Service Sector refugees, this economy is structurally changed, the old days of restaurant, entertainment, major metropolitan areas that is not coming back for a while. Liz i picked apart the unemployment and the jobs numb number, retail lost 35000 jobs because of less seasonal hiring, i know restaurants as we know in california that theyre banning in some cities that outdoor restaurants, the eating opportunities, im very worried as you are, my question is if you have Mitch Mcconnells ear and quite frankly dont denigrate yourself, the picture is extraordinarily important, what would you say to him. Its not about mitch or nancy its about capitol hill, those folks need to look at the chessboard, read the oped in journal that tyler bixby and i wrote yesterday, and lays the problem out in the solution out and all im saying, we should have done this months ago and the longer that we wait we run a really strong risk of having this economy not in a place where we want to be, the market is doing great but lets think about, were in a bullish uptrend, bad news comes out on the appointment numbers, a lot of the guys youre thinking, that means a profitability, the stimulus goes up so the market goes up, this is the difference between wall street and main street, im telling you the people on main street, there is a lot of painandsuffering and President Trump noses very well and what we need to d do well aa country is to move to phase four and take care of the American People right now and be cognizant of the chessboard where were seen the structural adjustments and they could be persistent and they could be permanent. Liz you said on this network that you were operating on the premise that there would be a second term for President Trump as all of these challenges to the election outcome that had joe biden winning, your operating on the fact that will have a second term with President Trump, since then close to 50 different lawsuits have been filed on either the Trump Campaign or allies to President Trump and many of them have been outright rejected and in some cases like judges who President Trump had actually appointed these are federalist, republicans, conservative et cetera, does anything change three weeks later, have you spoken with the Transition Team as you and the white house behind you are in a way ready to move on . I have nothing to do with the transition and ive not been asked on that, what i think is important over the next 7 14 days is to let the Legal Process play out, everything that i am seen tells me that this election was stolen, everything im seen across six states. Liz why does just does not see that, more than 24 judges do not see that. Lets take the wisconsin case for example, the only thing that happened in wisconsin was back to a district court, it will come back to them and they will decide, what i would tell you looking across this electoral issue, your strong issues of voter fraud, there are more suitcases down where they were counting ballots than the atlanta airport, you saw the video, that video in itself should just blow out in the idea that Georgia Election was fair. Your fraud issues, you have valid process issues where an adequate voter id checks, yup all manner of process files going on in places like wisconsin where they change the mailing ballot. Liz we cant litigated here but i wanted to clarify you dont have the boxes ready this is the immaculate deception on the American People, its been called the finesse but i think what is important, lets let the process play out, everybody in America Needs to be comfortable with the idea that this election was fair and right now we dont have that Comfort Level based on what the evidence is, let it play out the problem is we didnt have the news from the new york times, the Washington Post or shading the truth of whats actually going on. Liz fox news has given some news that isnt exactly friendly to what President Trump has happen but we want to make sur sure i agree that were letting the process go through, we will have you back, thank you so much everybody should check out peter in the wall street journal saying stimulus now, fox business alert have to show you game stocks shares, this was a 2 stoc 2 back in april, game ss moving higher after they doubled the price target on the videogame retailer to 16, is already above that now, 16. 75, its a sweet spot from upgrades from microsoft and some pushing this company higher. Warner bros. Smashing theatrical windows, the at t own studio had already announced a wonder woman 1984 would release on hbo max as well as in theaters Christmas Day but now in a historic move for the Entertainment Industry warner says there will be no theatrical window at all for the entire 2021 slate of 17 films including matrix for in the suicide squad, they will all be simultaneously released on hbo max and in theaters. Movie theater stocks plummeting on the news yesterday and today we have a mixed picture, cinemark up 7 , imax better by 4 and amc down 4 . Investors ready to sign on the dotted line with docusign shares after the esignature company beat quarterly numbers on both the top and bottom line, docusign jumping at third and rbc Capital Raising the price target to 325, doc you at 243. 48 is up stupendous 230 year to date. Talk about a pot stock, stock shares nearly doubling in 2020 but how did ceo Stewart Butterfield get Software Giant salesforce to throw down a more than 50 premium on the messaging platform just a week and half ago, hes going to tell us in just a few minutes right here on the claman countdown. Forget the painful nasal swabs as were about to show you the new device that could make testing for coping as easy as breathing, the closing bell ringing and 37 minutes, up 178, the claman countdown is coming right back. A must in your medicine cabinet less sick days cold coming on . Zicam® is clinically proven to shorten colds highly recommend it zifans love zicams unique zinc formula. It shortens colds zicam zinc that cold i do motivational speakingld. In addition to the substitute teaching. I honestly feel that thats my calling to give back to younger people. I think most adults will start realizing that they dont recall things as quickly as they used to or they dont remember things as vividly as they once did. Ive been taking prevagen for about three years now. People say to me periodically, man, youve got a memory like an elephant. Its really, really helped me tremendously. Prevagen. Healthier brain. Better life. Keeping your oysters growing while keeping your business growing has 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 so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo its moving day. And are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. It only takes about a minute. Wait, a minute . But what have you been doing for the last two hours . Delegating . Oh, good one. Move your Xfinity Services without breaking a sweat. Now thats simple, easy, awesome. Xfinity makes moving easy. Go online to transfer your services in about a minute. Get started today. Liz we wanted to get you clarification on the pfizer story that broken this hour yesterday forcing the stock selloff that accelerated in the bottom minutes of trade. The trigger was a wall street journal report that pfizer slashing the rollout target to 15 million due to supply chain obstacles, we were up 222point you can see this is from yesterday, the big board totally selling off and going negative for a few moments, it turns out pfizer had reported the exact number of vaccine doses last month, 50 million this year end up to 1. 3 billion doses in 2021 shares of pfizer right now are flat on the session up slightly from bio and tech up three quarters of percent compared to moderna with a different vaccine is down 3 . As a public weight 213,000 new covid cases were reported across the u. S. Yesterday that is the highest figure for a day yet, as testing lines around the nation, Grady Trimble is live in texas where one company is looking to get a new test approved that eliminates the nasal swab in the saliva test. What is it . If you have not had the naval swab test, you probably know how uncomfortable it is from other people tell you. This could limit that, its a breathalyzer, the me show you how it works, a plastic straw that worked with paper straws, ill take my mask down for this, you blow into it for about five seconds. Now it has a sample of my breath and this is a working prototype so the data is analyzing is in the cloud but the goal is to get it where they can send you an alert directly to your phone and youll know almost instantly whether you have covid or not this is developed from world inc. Out of dallas but within partnership with texas a m and the u. S. Air force. Rob is with texas a m and where you come in your trying to scale up production of this product so we can get this all over the country, what does that entail . Three things, were here at the campus, the texas a m with scaling and bridging with commercial entity and great engineering researcher prototype like you see behind you. The second is to use agile design and manufacturing to reiterate on ultimately getting formed fit and function to turn into a commercial reality and to assess the broader supply chain across the United States to make sure theres no break in productivity. If you can get this to mass production, where can we see this device . We want to see them in schools, hospitals, churches, hospitals, we want to make sure we can get people back with interacting with one another. This would not require long wait times when shed taken a test with results provided almost instantly you can get them right away and it doesnt take long to do, you could put it in front of a concert venue and have everybody do it as they go when, so far the results that have common still as i mentioned a prototype but it seems to be pretty accurate comparable to the pcr test and the Company World inc. Is working with the fda to try to get emergency use authorization to get this rolled out all across the country and i know a lot of people have had the nasal swab would be very glad about that. Liz just dont roll it up in front of a grateful dead concert they may be blowing Something Else in there. [laughter] i would say its very welcome news and thanks to texas a m, good for the universities with coming up with the new ideas just when we need them the most. The worlds youngest selfmade billionaire adding to his wealth one day after sharing his with the claman countdown on the second day of significant gains after its public debut with the closing bell growing in 38 minutes, will tell you when we return. No one likes to choose between safe or sporty. Modern or reliable. We want both we want a hybrid. So do banks. Thats why theyre going hybrid with ibm. A hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. From banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. Any idea how much it will cost . [doctor] i recommend goodrx. You get free coupons to save on your prescriptions. Goodrx, smart. [announcer] stop paying too much for your prescriptions. Thanks. Download the free app today. Liz breaking news, president elect joe biden is speaking right now not only about the november jobs report which he called grim but in wilmington, delaware he is making news by saying he is very much encouraged by what we talked about with Peter Navarro, the bipartisan discussion around the 908 billion stimulus plan, he did say hes been speaking with average americans and everyone from School Crossing guards and he quoted his father by saying after losing his job i dont expect government to solve my problems but i do expect government to understand my problems, he did say americans are not asking for a handout but they do desperately need help so hes calling on the federal government to step up and pass the stimulus bill. The streets youngest ever billionaire Austin Russell joined us here yesterday he celebrated his companys market debut by slam ducking the nasdaq opening bell in the party is not over yet for the maker of the thomas driving sensors and that guy, the stanford dropout who turned ceo and told us yesterday it was the best movie ever made apparently investors feel that way, the stock is up another 33 , laser reading through a second straight day of gains, investors and press by the debut and of course by the leader, three or four months into his freshman year stanford, austin quit and worked with peter to create lumen r. Just a year end a half ago slack was in exactly the same place working its way onto wall street as a publicly Debut Company and now its been snuffed up by salesforce for 27. 7 billion in just a few minutes Stuart Butterfield joins us to take you inside the megadeal and hill revealed what a butterfield team plans to do. In the meantime and Energy Stocks are big winners, Lauren Simonetti to drill down on one name. Happy friday, were talking about chevron pushing its way to the dow 30 leaderboard and a cutback in Capital Spending plan for 2021 and an agreement by opecs to keep supply curves in place january fueling shares of 3 as we head into the close, curb on a getting the dreamlike as the initiate shares an analyst predicting a potential 100 gain for the stock as market share gains continue at current historic paces, look at the stock up five and three quarters percent, not looking so pretty, shares falling after the retailer reported slower online sales and comparable sales could see a drop off in the holiday quarter, also cautioning that crushers could spill over into fiscal 2021, up next lacks cofounder and ceo Stuart Butterfield joining forces with mark benioff, he joins the claman countdown fresh off the huge announcement. Workflow it. . Just picture it. With the now platform, well have the company you always imagined. Efficient, productive, seamless. Ok, im in whatever your business is facing. Lets workflow it. Servicenow. Thats why weve merged with sprint. Get more. Now its about to get even better. And as we work to integrate sprints network, our nationwide 5g keeps getting stronger. With the capacity and coverage to reach more people and places across the country. Who says you cant have it all. Now is the time for 5g. Now is the time to join tmobile. Thats why i get up in the morning i have a secret method for remembering all my hr passwords. My boss doesnt remember approving my time off. Lets just. Find that email. The old way of doing business slows everyone down. With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. Humana offers a wide range of all in one Medicare Advantage plans that include medical and Prescription Drug coverage. Plus valuable extras that may include the Silver Sneakers Fitness Program and mail order prescription coverage. With humana youll have lots of doctors and specialist to choose from and peace of mind, knowing youre covered for doctors visits and hospital stays. Plus routine physicals and Preventative Care all for an affordable plan premium and in many areas no plan premium. Youll also get zero dollar copays on telehealth visits, unlimited inpatient hospital stays, plus an annual out of pocket limit for added peace of mind. Humana even rewards you for making healthy choices like staying on top of Preventative Care. Many plans also include, dental, vision and hearing coverage. And when it comes to prescriptions, in 2019 humans Medicare Advantage Prescription Drug plan members saved an estimated 7,800 dollars on average on their prescription costs. So if you want more from medicare, call now to learn about humana Medicare Options that are good for your health and your wallet. A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. To all the businesses that helped us make it through 2020. Thank you for going the extra mile. And for the extra pump of caramel. Thank you for the good food. And the good karma. Thank you for all the deliveries. Especially this one. Youve reminded us that no matter what, we can always find a way to bounce forward. So thank you, to our customers and to businesses everywhere, from all of us at comcast business. Liz this week the biggest deal to hit Silicon Valley this year was confirmed, salesforce ceo mark benioff snapping slack for 27. 7 billion. The pandemic is really propelled slack to the forefront from the work anywhere as they flooded from the office into their homes and wherever they went to quarantines but what is the secret plan salesforce and slack to dominate the space, the cofounder Stuart Butterfield fresh off the big announcement joins us here on the claman countdown, first of all congratulations. Im dying to know how this went down when you got the first call and what did he say to you . Thank you so much and it toys great to be here and nice to see you. , a lot of this was brent taylor who ive known for many years, the ceo and president of salesforce and half of the company or so, we go way back to the early days and i had a number of interesting conversations and i get a fair number of Text Messages with him and the future platforms of businesses and i feel like written a moment, i think slack is great and i think salesforce is great, i think were in a moment of industry where theres a tremendous amount of changing like windows 95 or the first of the cloud or developing the smart phones and theres really interesting opportunities, we just came off our last quarter, or quarter, there quarter, the acquisition but we come up 140 growth and you pay customers, they met a phenomenal quarter but we look at this as strength on strength and thinking about the next ten years and what we will be able to come push together. Liz at some point you have to talk t to benioff and at one pot he said heres the price and you said i need to see it a little higher, this is a 27. 7 billion every dollar deal for salesfor salesforce. I think is the secondbiggest in software. The interesting thing, the whole tiktok is published in our proxy statements filed with sec so theres a lot of backandforth, went over a period of time so obviously the prices are disappearing and an important factor but it sounds silly, its a little cheesy what we talked about how do we create one plus one equals seven, its very easy to say were a software product, they have a lot of salespeople, of course we do that as well but what opportunities are there for nonlinear impact or dictate things in a new direction and thats where a lot of the excitement came in a lot of my desire to keep going as ceo of slack. Liz you will be staying on but when you talk about where you can take this and then what direction, we say slack at fox because we use slack and we absolutely love it but i dont know if anybody says we love team me, this is the big big, big competitor. I know youve resold and you dont want to talk about that but lets discuss how you overtake the competition out there with the backing with salesforce having a shoulder behind you guys, what will that look like. I think obviously they will help a lot, as far as entertainment and television to make people happy. But we have no problems, i think something got lost and its really frustrating because i havent been able to articulate this in a way but the leaders of slack, you mentioned fox, the biggest media and retailer number one in apparel, the large issue of credit cards, biggest Consumer Electronics and there is depth to that as well, four of the six biggest north america, seven of the big media companies, theres so much, two thirds of the fortune 100, three of the five biggest american companies, im just talking about the u. S. , we have a very strong business in japan and europe as well and obviously dominant in tech and in software but i think people dont understand how much deeper into the enterprise and how many different industries. Liz you are living success story, you grew up in canada, the first couple years of your life with a log cabin and no Running Water, my mom grew up in a house with earthen floors but somebody your age, how do you go from that to having the curiosity and the ability to launch a company like slack and slicker, all these other names. Thank you, i think i got really lucky and i was at the right place and the right time, i was born in 1973, the log cabin thing is absolutely true i moved away when i was five so i can go to regular school but i started college in 1992 and the birth of the internet before the web was there when it started and had an intense curiosity and everything a bribe done over the last 20 years, 30 years has been at this intersection of people and network, how to use Computing Technology to facilitate interim interaction, can be work, gain, creativity, were seen a lot of the unfold and its really gratifying everything that people are able to do. Liz any concern at all, facebook had ten offers as it was growing as a company and i believe microsoft offered more than 22 billion at one stage and Mark Zuckerberg kept saying no, no, no. You said yes, why go with salesforce instead of continuing to grow this. Is a great question and its a difficult decision to make and its very emotional and im one of the cofounders and the ceo and identify but the heart of it is, i feel like together we can accomplish in the next five years that wouldve taken us 20, and very ambitious, competitive and i want to win and this is a path that has an enormous impact in a timeline that wouldve been difficult if we were independent. Its never in easy choice but i mindful of the impact wit that s on our shareholders, customers and employees and i think this is the best course for the company. Liz i love the story and congratulations. Please come back as you continue to take on the world with salesforce Stewart Butterfield cofounder and ceo of slack. We are coming right back. Not whats easy. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa. 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. 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. And if we win, we get to tell you and doug. How Liberty Mutual customizes Car Insurance so you only pay for what you need. Isnt that what you just did . Service stand back, im gonna show ya how doug and limu roll, ya you know you got to live it if you wanna wi. [ music stops ] time out only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz rules for the but not for me, the Financial Institution rules for america and europe but not for the rest of the world, Charlie Gasparino has more details on selective diversity mandates, what are we talking about here . Weve been onto story since nasdaq pretty extensive new diversity guidelines, i read the entire 271 page proposal and i suggest people should do that to see the breath of what theyre saying and what you find in nasdaq and find it increasingly across Corporate America that these diversity guidelines have tons of loopholes, nasdaq has guidelines for u. S. Companies to put in minorities women, transgender people, two of those people know selective classes on a board or face, its possible delisting, its mostly about disclosure but they need that as a possibly but then they allow Chinese Companies to do whatever they want and china as you know one of the more repressive regimes, ive asked other corporations with a big splash in this regard what are your guidelines and where do they hold up in here is some of the stuff that i found, Goldman Sachs has ipos, you should have diverse members on boards of companies that they will bring public, they said they will not underwrite companies for those applications, however, those guidelines only work in europe and the u. S. Even though asia is a huge place for ipos, doesnt apply to china, again its like why are you not allowing the huge part of the world where discrimination obviously exist if you know anything about china to why dont you extend your guidelines there, goldman has no comment on that other to confirm it does not it then to asia and china. Blackrock is interesting, led by larry fink, a lot of executives went to the bite in the administration of very woke firm for a corporation if you look at all the stuff that larry fink has been doing in the social investing area led by brian who is going to go to the bite in the administration, the very woke i looked at the corporate guidelines of what they might investing, they confirm there is rules that what they invested should have two women or minorities on the board but is not a hard and fast rule and for most of their investments and probably does not apply because they have tons of etfs and passive investing vehicles, its hard for them to pose that other than to say they would like that to happen. Again youre gonna be see a lot of the diversity guidelines now that nasdaq has but that front and center in the incoming abiding administration will push some of this and i suggest people redefine. On these things, there is a lot to be desired in them in the goldman and blackrock examples and some of the stuff in the nasdaq proposal are exhibit a of why these things arent as great as their being touted. Back to you. Liz thank you very much, things are changing, we watched the landscape change and we see what happens. Up next buying fox, why todays countdown closer says the growth is in the rise of the robot. Robot stocks, were talking about that when the closing bell rings in about 11 minutes. Were coming back the dow increasing up 210 points, thats about session highs if my math is correct. Stay tuned. In your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Liz the closing bell ringing in just over seven minutes, we are closing in five, five major index records, the dow, s p, nasdaq, russell 2000 and the transports are about to close the week at record high, where do we see this, records here and there but all five, for the week, the dow and s p 500 are looking at the second straight week of gains while the nasdaq looks like its three in a row, not bad. Check the dow up to 17, session highs again at 232, lawrence in a muddy for some of the biggest movers of the week, an interesting week. Its been an interesting week, the best performer today and this week is walgreens, it launched Walgreens Advertising Group with brands, custom audiences and delivering the covid19 vaccine to nursing homes, today about the highest close in a month if it closes a little bit above this level, stocks down 27 this year, take a look at intel, up nearly 10 , entire nine days in a row and then boeing, ryanair is buying more of the ground at 737 plane and we got really promising comments from dave calhoun, he is confident that your travel will recover faster, let me show you the red, salesforce, despite the megadeal you were just talking about with slack to take on microsoft, that is down 9 , that bill is expensive, home depot a loser but up more than 20 on the year, mcdonalds a loser this week, lets show you the nasdaq, maduro solid vaccine result, they put out data showing immunity last for more months than expected, that is good news and the stock is a winner this year end this week of 20 . You have micron, lets go to the losers, micron and spawned guard in the loser column, they are down sharply, the issue is weak earnings, weak outlook zoomer with zoom, you cant feel bad resumed their pandemic winner but the tremendous growth rate that we got accustomed to, that cannot continue forever, this week there down in net eases down as well, back to you. Liz ill take it, i hear a little one in the background. A little distracted today. Liz just a bit, thats called working from home, thank you very much. Theres actually two of them. Liz your amazing, thank you. Major averages are shrugging off the Economic Data we got today in the form of the november jobs report which is a significant missed but the countdown closer says its all about progrowth like industrial automation, also known as robotics as we move into 2021. Mark is with us right now, 90 billion in assets under management, youre looking at the names that facilitate robotics at different companies, why, what is well, liz, a couple of things. One i understand lying, of course, is the sector itself. We believe industrials are poised to stand to benefit from the synchronized global reacceleration that we forecast for 2021 on the back of continued growth, the vaccinations and so on that allow for a global reopening and more Business Activity in general. But then on top of that, business automation. Technology associated with Healthy World class, Multinational Companies continue to expound upon not only their overall revenues, but as well as improve their margins and productivity by tools that allow them to work in an awe a on the mouse or autonomous or Artificial Intelligence way. Caterpillar is operating gigantic earthmoving machines deep in the mines around the world while at the same time the operator is poised at a distance away, moving them around as if they were tinker toys. Same could be said for deere to allow more automated farming activity to occur without necessarily having to have a driver be hind the wheel moving through fields of corn, what have you. All these tools, i think, are going to be continually embraced as they look for ways to drive profitability, Margin Expansion or margin retention. Liz what do you look for specifically e . You know, when youre hooking for real bets for 2021, just around the corner, do you have a list of musthaves each time you pick a stock or a sector . Well, we do, liz. You know, obviously, we cant forgo the prospect of what was working before the pan dellic pandemic. Some of the shut orer in place stocks that stood to benefit in escommerce or eretailing, weve only seen a spikeup in activity as more Consumer Spending gets moved to online sales as opposed to foot traffic in the mall. That was going to take place anyway, its just, again, a denith function in terms of depth function in terms of the related growth. Those companies will still stand to benefit, an etf called ibuy would be an example comprised of companies that would benefit from that. Think about also liz ibuy. Correct. Liz sure, sure. Yeah. Large multinationals that are investing in their future. So theres a couple of lawyers that we look for that are going to transcend the pandemic and benefit from not only a better economic climate, but one that has long runway demographically. Liz transcend the pandemic. That is certainly fascinating. But the markets have transcended so much bad news. Mark, weve got about 30 seconds. [laughter] we are on track for five indexes. The big majors all closing at record highs. Do you take any money off the table . Liz, i think only if i was a trader, would i consider taking money off the table. There are plenty of reasons to think perhaps it come a little too far, too fast, so so were poised to see some kind of pullback. But for medium to longer of term investors, the short answer is, no, were very bullish. Liz all right. Next 12 months and beyond. Liz thank you so much. Five records to end this week. Connell were going to call it 33 at least on a friday with the major averages all closing at new record highs. Disappointing jobs report seems to really show the need for more stimulus, and yet the dow well back above 30,000 at the close, and the s p 500 also closing at the highs. Dows up 248 points on the day, the s p 32. The nasdaq higher by 87 points. And for the week, the dow and the s p are up, second week in a row that theyve been higher. Its the Third Straight week of gains for the nasdaq. So a lot of green. And we wrap up this week with higher stock prices. But we also have plenty
comparemela.com © 2020. All Rights Reserved.