Yeah. Didnt scrooge send over a turkey at the end . He did something. He sent over dinner. And tiny tim was like, wow, its the best christmas. I dont know if that was the book version or the movie version. Im getting a little wait a minute there was a book huh . Yes, charles dickens. I know you know this we had this discussion there was a book it wasnt just a movie some people we know get all their news in tv which we hope is you at home. We hope you are getting your news here today. Look at the u. S. Equity futures. This is after major averages closed at record highs the s p 500 closed above 2600 for the first time as we saw this technology rally. This morning things are mixed. Dow futures up by 12 s p is down by a point and nasdaq down by 3 points. The major averages have been up three of the last four sessions. The dow had its 60th record close of 2017. The s p 500 saw its 54th record close of the year. Guess how many times, if you want to get to the record, 54 so far this year. The record set in 1995 do you know how many record theres were that year how many . 77. Thats nice three years in the mid 90s where we did 35 on the year 35 a year this new it is theny sis thet everything is upstairs you cant take the stairs the elevator is a full minute long its a minute long elevator i will say, theres all these monitors out there with some of them having the show on. When i was getting off the elevator, i saw you doing your read i was like why is Worldwide Exchange having andrew yeah. I went, you know, i was with cameron. Wait a second, its our show. Im not there. But we are here now were ready to go. Lets look at what happened overnight in asia with stocks. The nikkei was up bay half pey percentage point the shanghai saw a percent gain. If you look at the european markets this morning, the trading action taking place, things are there the cac in france is flat. Dax is weaker. But the ftse is up so are stocks in italy and spain. If you want to check out crude oil prices, crude Oil Yesterday rallied. It was up by 0. 7 . This morning up by 0. 2 . Thats a gain of a dollar. Wti trading just below 58 a barrel that has to be the highest level weve seen in quite some time. 57. 95. We have some breaking news out of asia. A u. S. Navy aircraft carrying 11 crew and passengers crashed into the sea off of okinawa, japan it was on its way to uss ronald reagan. Eight people have been found the search and rescue efforts for three additional people continue. Gel season stickijanet yell her prediction that the u. S. Economy will rebound, and she is open to the chance that polices cou prices could remain low for years to come. And back in the u. S. , a trio of economic reports on the economic agenda. Weekly jobless claims and october durable goods at 8 30 a. M. Eastern, followed by the final read of november Consumer Sentiment at 10 00 at 2 00, minutes from the fomc meeting. Just one notable Earnings Report today. Deere will post results before the opening bell. Uber is reporting a cyberbreach nearly a year ago exposed the personal information of 57 million users and drivers, and then the company paid the hacker 100,000 to delete the data and keep the breach quiet the hackers stole the names and drivers license numbers of 600,000 drivers in the u. S. As well as rider names, email addresses and mobile phone numbers. The company paid hackers 100,000 to delete the data and keep the breach quiet. Uber fired their chief Security Officer for their role in the breach. Theres been such a torrent of bad news, but if you think the bad behavior has ended you also thought the investors were hanging around the hoop, where they would have an ipo what would happen to travis all sorts of things happening then but how much of this continues to emerge. Do you trust hackers when you say, okay, ill give you 100,000, you delete that information. Cheap if they actually follow through. Yeah. Is there hobnor among these criminals . Thats an expression. Honor among thieves i think it is is honor among thieves. Who knows if you can trust them i dont know if i would trust the people who just broke into my system. Meg whitman will be stepping down as hewlettpackard enterprises ceo early next year. She led the company through one of the biggest breakups in corporate history, splitting hewlettpackard into hpe and hp inc. In 2015 hpes current president will take over the ceo job. Meg whitman will remain on the board. Shares dropping on word of this news down by 5. 7 the company, by the way, posted Quarterly Results after the close. Results were in line, and revenue beat expectations. Meg whitman will join squawk on the street today at 9 10 a. M. Eastern time how do they do it you knew, by the way, there was a bit of a signal she might be leaving the company when she was up for the uber job. There were lots of questions flew in the face of strident denials she was im here at hp for along time. I read it yesterday. There were previous was that a faber interview when she said im here for the duration . I believe he pressed her on that about 15 of the u. S. Population traveling for thanksgiving weekend 89 of them are going by war Morgan Brennan joins us this morning from the Vince Lombardi service area in new jersey getting ready for the traffic jams good morning good morning. Happy thanksgiving to all of you. The new jersey turnpike, were starting to see traffic pick up here were seeing some folks and a steady stream of traffic into the rest area. Lots of families with young kids the Turnpike Authority expects nearly 800,000 vehicles to traverse this highway today alone. Overall, 51 million americans, nearly 51 million americans are expected to travel 50 miles or more this thanksgiving week. Aaa warns that could cause delays with drivers in major metro areas that could experience travel times up to trip the a normal day. That despite thanksgiving gas prices which are at the highest levels since 2014. The National Average for a gallon of regular, 2. 53, thats according to gas buddy but consumers seem to be shrugging this off, and they seem to be more willing to get on the road and travel and spend more in general this Holiday Season if youre wondering when the best time is to actually hit the road today, here in the new york metro area, unfortunately i have some bad news, it also passed it was 4 00 a. M. This morning according to data from google maps if you want to beat the black friday traffic, the best time to hit the road on friday is 4 00 a. M. As well morgan, i just did you see the lead story on drudge did you look at drudge today its a picture of l. A. , whats happening already for thanksgiving and it is a 40second video that you can watch, and theres eight lanes. You cant see a space between. Theres headlights a space between the cars its snaking through some part of an l. A. Freeway there will be traffic on thanksgiving that will blow your mind especially out there dont tell me, im waiting to hit the roads. Where are you my parents house. That will be fun. Down the turnpike. Yeah. I think the traffic is getting worse and worse each year, thats been the case for the last couple of years if you look at the data, google data or other type of data out there, it does seem the best day to travel is actually thanksgiving morning, but also interesting, here on the turnpike, they are expecting higher numbers for traffic yesterday than today people seem to be wising up and hitting the road sooner than in the past, but apparently not in l. A. Behind you, do they make you theres only full service, right in new jersey, yeah yeah. Yeah were in new jersey. Full service 2. 65 for a gallon of regular here its a rare thing to get your windows cleaned, but you do to tnot for me they do my windows. Sometimes they do the front and back helps if you smile. I like pumping my own gas. You feel handy you do. I feel that way when i change a light bulb honey, anything you need done . Need a light bulb changed . Need your gas pumped then i always have trouble with the credit card paying something doesnt work now, just thank you, Morgan Brennan. Real quick, i mentioned drudge because i look at that like at Huffington Post, too i dont go no mother jones and slate. But i do look at huff post did you see Huffington Post today, murkowski i saw that. Its in the newspaper. How did that happen she put this out in the paper today, shes okay with the Obamacare Mandate coming back. Lead the legislation, because theres specific stuff to alaska that deals with it thats what i mean. Wasnt there anything they could have given mccain for arizona . They didnt know. Lets talk about the broader markets. Here with us is lindsay Bell Investment strategist from Cfra Research and ed keon of qma, which has 1 133 billion under Asset Management ed, you wrote a novel. It was like war and peace in the notes i read about 2018 and what youre expecting. I mean, i laughed. I cried. It was the best of times, it was the worst of times not everyone knows that there were highs and lows. I laughed, i cried. When it was all said and done, i spent a good i cant get that half hour back. After doing that, you think it will continue most likely in 2018 but you as usual you have one foot not out the door but ready to get out the door. Thats summary of thats a good summary stay where you are. Stay long. Were still long, overweight on stocks not that crazy about real estate anymore. Not saying well have another year like last year. But we could. Goldman sachs says maybe we will i wouldnt rule it out. Theres a 30 chance we get another good year. Like 25 . Thats right. On the other hand, its more likely that we fall back to more muddled. I think the key is an earnings are much better than i expected. Ive been watching earnings for 25 years this was a beat on earnings. Next year is a good earnings year, too. The forecast is for about 12 . Usually the numbers come down. These numbers have been dead flat looks like a lot of confidence well see earnings next year couple of good sports analogies. In there we may be in the Fourth Quarter, but you dont know if its the twominute warning of the end of the game or the beginning of the Fourth Quarter i would say most likely the beginning of the Fourth Quarter. And ed talked about earnings being good again lindsay, you are looking at that in reference to tax reform you think tax reform does likely get done and it is in the market in a big way now it would help it again if it goes through right thats the important distinction, its in the prices but not in the numbers that could give another boost to the prices. Exactly you could see a 9 , 10 boost to the current consensus estimate for 2018 so 10. 6 growth. Tax reform early in the year, you could get closer to 19 growth in the s p 500. Wow so you could get Additional Movement and stuff, but if it doesnt happen, theres a lot already priced in. Yeah. 20 Corporate Tax rate is priced into the market now. If we get that 9 upside in market share, that gets us to about 16. 8 times on the s p 500, about online with the historical average. If we dont get it, we could see a pull back of 10 to get us back to fair valuations. I think thats valuations look high. If the market is looking through the current numbers and saying well get a 10 boost from the tax bill, the numbers as far as valuations, pe ratios dont look as high. If youre looking optimistically, which i tend to try to be less than wildly optimistic, we could get another year like this year of a double digit return for planning purposes, its prudent to plan in the high single digits. If you get surprised, great. Both of you reference fed and the efforts to extricate itself from this. Thats a risk that it doesnt go right. Murphies law doesnt apply doesnt it always not go right first, youre in an unprecedented situation. If you look at the vast history, theres 500 years of history, you have never seen rates youve had the last several years so any time you try to move from a situation you have never been in before to something thats more normal, its going to be tricky plus you have a new head of the fed, several new board members, no matter who gets those seats, it will be a difficult transition in my opinion the fed is signaling they think eventually theyll get back up to 3 or so on the fed funds rate i dont know that well get that far. Theres a reason why rates are where they are the tenyear is not so much controlled by the fed now. Why is it 235 or 237 i think its because theres a tremendous amount of buyers for longterm paper and that relationship between the Interest Rates, buyers and sellers, are demographics and other things that are not easy to understand. Im optimistic theyll do okay, but the risk of a mistake is high because youre going through an unprecedented position you also have to Pay Attention to the consumer side of things. On cnbc you focus on the corporate side, as Interest Rates rise, corporate debt levels are at a high, that will have an impact spending is increasing but were seeing a saving rate come down and consumer krd date go up. Its coming up on the revolving side from a healthy side or not . I remember when the savings rate was negative before the financial crisis at one point we were around 5 5 is usually a good number were right at 3. 4 in the Third Quarter we were at 6 two years ag ago. Happy thanksgiving. Well have a good thanksgiving possibly good next year lots to feast on lots to be thankful for. Thank you. This is disconcerting and sad if you grew up when he was on the cover of tiger beat magazine his brother was. His brother was, sean. Any way, actor and musical artist David Cassidy died. The teen idol played Keith Partridge on the Partridge Family. After the tv show ended, cassidy toured the world singing the shows hits to audiences of screaming teenagers. He was really cute when young. Handsome by the time he reached his mid 20s, his stardom faded, he said he struggled with alcohol to cope he revealed earlier this year he suffered from dementia a close family friend last week said cassidy had been hospitalized with organ failure. He was just 67 i told wilf that at an nbc event out in lake tahoe i spent some time with him. He gave the big concert to the guys he was still great we hung out there was fireworks. He was engaging. Its confusing, his father was jack cassidy right . His mother on the show, Shirley Jones. Was she the mother yes the mother of the partridges, you get them and carroll mixed up with the brady bunch. And jack cassidy was married to Shirley Jones i dont think he had david with Shirley Jones, even though she was the mother on the Partridge Family its all i dont note background i did watch the show i get mixed up. The patridge family had the bus. They did. They had that guy. He was like the band manager do you remember that this is one this is your family ties. One generation too early for me who was the band guy . Dave. His name was dave. All right when we come back, well talk about a potential trade battle brewing over washing machines. President trump will make the call in the next few months. But a tariff recommendation is already moving shares of one u. S. Appliancemaker. Details after this whether its connecting one of the worlds most innovative campuses. Or bringing wifi to 65,000 fans. Businesses count on communication, and communication counts on centurylink. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Welcome back a majority of americans who celebrate the thanksgiving holiday do not look forward to political conversations around the thanksgiving table this year thats according to npr and pbs news hour. Its Something Like 12 of americans think the political conversation around the table will be a positive event probably because everybody has their own opinions, things have gotten so fiery, and if you bring people together with all different opinions, it could be hairy. Do you think it could be more political this year than last year i think its gradually ramped up not only that, they added the Sexual Harassment stories that have come into this. They believe that will be conversation around the tabletop and Something Like 1 in 3 women says they have been the victim of Sexual Harassment and assault. Its not just women i have a story from 20 years ago. And its not pretty. Any way, im okay. Were good we have a small gathering at my house. Were pretty i imagine the kernen family conversation most of my other relatives in from around the area, there will be high fives as people finish their sentences on this. Youre fine not worried. No even the dog is like yeah the dog agrees with everything you say thats good. Trump, ruff explains so much. The International TradeCommission Recommended tariffs to keep samsung and lg from flooding the u. S. Market from inexpensive washing machines there could be a tariff. That tariff would decrease over a threeyear period. It would protect whirlpool and that stock rose after the announcibiliemen announcement President Trump is expected to make a decision on the recommendationly ear lby early year this beco