S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive lenting expandin Broad Community spread with no evidence of improvement. And the upcoming thanksgiving holliday has the potential to amplify it considerably. Daily virus deaths hit the highest level since may. Montanas governor issued new restrictions for the state including a mask requirement and capacity limits for restaurants, bars and kacasinos. Ohios governor is issuing a 21 day curfew beginning thursday. People are ordered to stay home between 10 00 p. M. And 5 00 a. M. And californias governor expanded the state mask mandate to require facial recoverings when outside your home with few exceptions and senator Chuck Grassley has tested positive for the coronavirus. He is 87 and he tweeted that he will be following Doctors Orders and cdc guidelines, he is feeling good and will continue to work for the people of iowa from home. He is the sixth senator to test positive for covid19. Wish him well. And also a bit of a game changer with a new announcemen the fda, an proving a test for people that can do at home w and it provides results in just 30 minutes it is produced by a privately held Biotech Company called l u you swirl it in a viral which is placed in a test unit and the ruts are made visible on the devices display within 30 minutes. Again, it seems like a big game changer to me. The fda says that those who test positive should seek additional care and those who test negative but still experience symptoms should follow up with a health care provider. But the difference being that you dont have to stand in line with other people. So you 12450 getu you should gek sure you are not a carrier, but a lot of times you have to stand in line with a bump of people that are symptomatic so that seems riskier. But that is not easy to do, it mean thas that you cant go to school or work and that is something that weve been waiting for Something Like this. My questions are when can you can get it, can i order these things and how much do they cost and how many false positives. Elon musk, two and two, two plus, two minus. Just for disclosure, i went to the doctor yesterday, im old and have things on your skin, you never know what anything is anymore. And just the people that are there, i just i appreciated it so much just the lady behind the glass that checks you in, you are hear every day, arent you . Because i was uncomfortable there for an hour. Im not petrified, but there is a lot of people in the waiting room and you are in a setting that you are in a Doctors Office and usually you dont even want to go to a supermarket and then i think about my doctor and im like, thank you, you are here every day for like 12 hours. I was thinking about that with the dentist yesterday because you have somebody breathing on you all day every day. And the dentist, really grateful for what they are doing. And they have worked hard to keep safe. They have some serious prote protective equipment on. Like 202 2001 or something he was he had everything. Given the specimen, i understand yeah, for who he had to see no, bullpen you figure the n95, the face mask, the protective equipment. But they are there to perform and life goes on you we are get things looked at if you need to and i looked out there today out at times square, everybody has winter clothing on now, they are all bundled up and all in masks. It looks like some weird post apocalyptic scene. So the vaccine cant come soon enough it might actually it might happen and it might work and by next summer, think and were getting to that point. There is a light at the end of the tunnel mike, any personal stories you want to share with us . Not really personal, but i just see the lines around the block at like Urgent Care Centers in the city. And you know, you have to assume that it is most of it is covid tests, maybe precautionary but it is just really grown in the last couple of weeks and again, i have to say, the reason this home test is so exciting is because in a lot of cases you cant like to me, a driveup place would seem safe but there is a lot of places where you cant get a driveup test like new york city. And for kids, a lot of times they wont do driveup tests either and then the pediatrician may be holding on to the tests they do have for people who are symptomatic, not giving them to asymptomatic people. S it nis not as easy as ultsyoul think or hope. A home test would be fantastic news even if it is not 100 , you still need to get checked out. And if you still continue with the symptom or you test position, you still need help. All right well get back to our what we normally talk about in a second. Which is the market that usually goes up. Coming up, well show you what is moving ahead of the opening bell and Retail Investing trends from jj kinahan. Check out the shares of lowes, a penny below estimates. Although revenue and Comparable StoreSales Beat Estimates well figure out what went wrong there with brian nagel everyone wakes up every morning to a world that must keep turning. The world cant stop, so neither can we. Because the things we make, help make the world go round. They make it cleaner, healthier, and more connected. Its what we build that keeps things moving forward. So with every turn, well keep building a world that works. Learned a second languageument applied to college applied for a loan started a business started a blog shared a picture shared a moment turn your wish list into a checklist, with internet essentials from comcast. When youre connected, youre ready for anything. Apple is lowering App Store Fees for smaller developers. Those who earn a million or less a year will only have to pay a 15 respe 15 commission the usual fee is 30 that begins january 1 and you might think this is related to the pushback they have been getting there regular rate totoh industry about how much they are charging one of the things to update, i take back most of the nice things i said about at home test because there is other information that i just found out. It wont be widely available until the spring it costs 50 and it has to be prescribed by a doctor so all the things that i have thinking would make it so useful right now are null and void. Right although the prescription is getting easier to do without a personal visit, isnt it but if you need a prescription for this, that means that you will then have to order the test and wait for it what good is that . If i cant buy it immediately and have it on hand, no thanks if it is at well, youd have to go pick it up. You have to get your doctor to call it in. Yeah, maybe if the doctor called it in, but not even widely available until the spring and you need it right now. In the spring im hoping cases will have come down. Prices will have come down by the spring i mean the lines at these testing places will have come down by then you need it right now because the lines are so long. If you could get it, get your doctor to call in the prescription and go in and pick it up and you could get it that day. Then, yes, then it would be worth while. But it doesnt let you do a routine screening just because you have you want to be careful. You have to have probably, you know, cause to have a doctor prescribe it so hopefully in the spring it is beside the point and were no longer looking for these things. Taking a look at other stocks to watch, the faa is expected to approve the rurnlg of boei return of pokemboeing 737 max ty after fatal crashes. The stock indicated higher around 217 and shares of polaris are down after news of the ceo leaving the company at the end of the year he has led polaris since2008 and he is leaving to become the ceo of cnh industrial which makes agricultural and Construction Equipment polaris indicated lower by almost 5 this morning and beyond meat launching a new product in china that is a plant based pergs oversion of pork. For the past several months Retail Investors have consistently shown an appetite for stocks like apple, at t, really and tesla. Interesting purchases are draft kings, which has to be making a lot of money, pfizer, n imio and cruise stocks. But they continue to dump Airline Stocks for more, were joined by jj kinahan at tj ameritrade a lot of these you say are millennial clients why would they be buying cruise but selling is that hedge buy cruise, sell airlines . Well, it is kind of interesting. At the beginning of the millenns were buyers of cruise. And into the fall, it is kind of interesting that they have continued to have the appetite for cruise lines but not necessarily as much for airlines and as i said, you know, they are selling delta, selling southwest, but at the same time continuing to beingaccumulate carnival and Royal Caribbean cruise lines maybe part of it is you just had a discussion about age in terms of the coronavirus, et cetera. I think part of it could be if you think about the fact that when you are under 35, you feel that you are a little bit more invincible, so that may be the first people that will go take cruises also so they see themselves prapg ers as the independent consumer. They have money they left the basement that is a bad 125s is bad ste they are out work something that is progress are you sucking up to your made len yillennial clients . No, but i have too many good people and you have too many good people on your staff who are right there. Yeah, lighten up, it is funny. I know. Sorry, man what is your percentage ever aof millennial t now . We look at the ones weve added over the last year or so, weve added almost 35, 40ish percent. Wow, youre changing. You know what, joe, people have time to invest, people have time to get educated so why shouldnt it has taken a little bit longer for this generation perhaps, but they are coming to the markets and they have time to do so even though it is capitalism, they are okay, they look the other way if they can do it. How about did you see lowes . What did you make of lowes you know, it is very interesting. I feel like lowes, walmart, home depot sort of the same thing lowes was a little more disappointing, but home depot and walmart, they had actually really good earnings i think that the stocks that are suffering from, they have done so well over the last few quarter, it is really difficult overall for them to continue to take this momentum, to when you have such an amazing quarter, how can you continuethis momentum into the next quarters and the market has become very fussy shall we say about those stores particularly those ones who are able to stay open during the last time we had a shutdown. In illinois, were going into another shutdown here friday and so it will be interesting to see how these stores do out of that especially as we head into the Holiday Season so i think as we look forward, any retail store that does not have a great Online Presence i think will get really hammered in the next earnings season because for some of them unfortunately, the opportunity is about to wain and anyone who has a brick and mortarpresence, they have to b reexamining it right now and target should be probably pretty solid it seems like they are very similar in makeup and strategy i guess to walmart, digital and everything i dont understand the divergence between lowes and home depot home depot had a great quarter yeah, home depot had a fantastic quarter. But the stock certainly didnt reflect that so at in poini this point, d think that you the move that weve seen in the reopening stocks given that you just said illinois is closing were seeing it all over the place, and maybe consumers are pulling in their ability really to go out to restaurants and other places you think that we see that reflected in the overall economy or are we looking past that now to a vaccine maybe in january . Well, i think most of the market is kind of looking past it you know, again, were up 10. 9 in the last 11 trading days. That is absolutely amazinamazin. You had been talking about a responsible stimulus and so it seems like that talk is maybe not needed, but kind of passed by and everybody thinks that it is january now and the market hasnt suffered at all from that. So i do think that many of these stores will get a break because we are coming into the Holiday Season, so it will give them an opportunity to, you know, still do sales online, et cetera what i wonder though is those stores that have a grocery element to them particularly if well have a thanksgiving where groups will be much smaller overall, any Holiday CelebrationGoing Forward im going to assume until the end of the year will be much smaller so if you have a big grocery element to your sales, i think that will be affected significantly. And then the other thing,i think you guys had a great conversation about the vaccine, but i think people look back the logistics of doing this. Even if they came out today and said everybody can get it, how will it get down to the average person because of course you will want First Responders and those working in the hospitals to be first. How does the average person get it and when do they actually get it i would think that it has to be late spring early summer, you would hope that we would be more efficient than that, but who he knows. It will be a very, very difficult task i think to get it out to people. And i think that perhaps were a little ahead of ourselves how quickly that will happen all right jj, thank you. Chief Market Strategist and chief politician atmeritrade. An irish guy from chicago, how can i not have some political in my blood. You love everybody, that is nice you got to if you are going politics you have to appeal to everyone thank you. See ya and when we come back, transition friction. Were learning more about the makeup of the fed that the president elect biden will be inheriting and as well as a report about potential cabinet members. That is next and still to come, target is set to report in the next few minutes. Well bring you the nichls as soon as numbers as soon as they hit. Sales are down from last quarter but we are hoping things will pick up by q3. Yeah. Uh. Boss doug . Sorry about that. Umm. What. Its. Um. Boss you alright . [sigh] [ding] never settle with power e trade. It has powerful, easytouse tools to help you find opportunities, 24 7 support when you need answers plus some of the lowest options and futures Contract Prices around. Dont get mad. Get e trade and start trading today. President trumps fed nominee was fairly controversial, judy shelton, failed to clear a procedural vote in the Senate Making her confirmation now unlikely. Three republicans opposed her nomination including senator Susan Collins who cited sheltons calls for the fed to be less independent and statements questioning the need for a central bank and Roger Ferguson is retiring as ceo of tiaa kref, one of wall streets most prominent plaqblack executives and could go up, were minutes away from targets results and an interview with Brian Cornell. And a look at yesterdays s p 500 winners and losers i made a business out of my passion. I mean, who doesnt love obsessing over Network Security . All our techs are pros. They know exactly which parking lots have the strongest signal. I just dont have the bandwidth for more business. Seriously, i dont have the bandwidth. Glitchy video calls with regional offices . Yeah, thats my thing. With at t business, you do the things you love. Our people and network will help do the things you dont. Lets take care of business. At t. Good morning, u. S. Equity futures now up about 73, 74 points on the dow, 33 on the nasdaq, s p up just under 10 and that gives us not too far from 30,000 on the dow becky, i think we have a report out. We do target just out with its earnings weve been waiting for this one. It looks like target came in with earnings on adjusted base of 2 pp 2. 79 a share versus the 1. 60 that the street was expecting. Revenue too, up by 21. 3 from a year ago to 22. 6 billion. The street only looking for 20. 9, so a beat on expectations for revenue that is up sharply from a year ago. Comp sales overall, up 20. 7 , but that does include digital comps which are up 155 . But just the same store sales themselves, they are up about 9. 9 and for a major retailer like this is phenomenal i think walmart was up 6. 3 . So this really tells you something about what is happening here and right now the stock is up by about 0. 8 walmart saw a drop in the stock price which is confusing to a lot of people who looked at this and the basket size grew by 15. 6 in the Third Quarter and traffic same store traffic at the stores up 4. 5 . Year to date, the company says that they have gained market share across all five of their core merchandising categories and say year to date, they are now looking at 6 billion of market share that they have taken from other retailers well get to talk to target ceo Brian Cornell, he will join us just a few minutes away. Looking at some of the things here though, operating income margin, 8. 5 versus 5. 4 in the same quarter a year ago. Part of that is because of