What one retail expert says about the future of how we shop. And shares of tesla and other electric vehicle stocks have been red hot, but there is one surprise gripe oup of stock that have been even hotter that is all ahead in your rbi on this wednesday at worldwide exchange. Im on fire, want to take it higher good morning, good afternoon or good evening from wherever in the world that you may be watching im Brian Sullivan thanks for being here on this wednesday morning. Lets look at your stock futures. They are mixed no real trend, markets of course are closed tomorrow so where he can all gorge safely apparently. But the dow trading above and closing above 30,000 for the first time ever. The index is up more than 13 this month and it is on track for its best month since january of 1987. And it will take just a half a percent more the next couple trading days to top that and give us the best month since january of 1976. Some of the stocks that have pushed us over the edge on the up side recently, chevron, that is a hint to what comes later. Jpmorgan chase, Goldman Sachs all up nicely. Small caps have been red hot, up on average 25 this quarter. The russell 2000 coming off yet another alltime high. And here is another pretty crazy stat that im sure i have not said before in 25 years of doing this job 19 of the dow 30 have gained more than 10 this month alt of tho eight of those up more than 20 all since november 1 wow. Look at this, led by boeing, boeing, if you are not paying attention, you should, up 52 this month alone obviously talking about travel next year, 737 max getting in the skies. David calhoun, Virginia Tech hokey, doing a great job there for boeing, that stock up 52 . But outside of stocks, augull yu potential home buyers out there, watch bond yields. Record low Mortgage Rates may be out. They are still spectacular low, but not as low as they were. If that were not enough, get ready also for a flood of Economic Data ahead of tomorrow hes market holiday. You got initial jobless claims out a day early. Durable goods, real not fake gdp, consumer sentiment, new home sales, Consumer Spending all out today before lunchtime somebody call steve liesman, send him a little doordash starbucks, we might be seeing a lot of him watching the overnight action in asia, japan up, main land china down today, but still been one of the hottest market for stocks this year, i think third best performing index in the world is the shanghai composite and opening up mixed as well in europe again not a big move either way. Down but france well call it flat because 0. 06. Now let us step out of the markets to this mornings top stories including a number of covidrelated headlines. Rahel solomon has those. Lets start in hong kong closing bars and night clubs to curb the increase in covid cases. This is the third time this year it has done so, more than 180 infections have emerged linked to clubs and Dance Studios but authorities have thus far declined to shut those venues down workers at walmart, amazon and other retailers are calling for hazard pay many of the companies did offer bonus pay early in the pandemic, but most have since done away with it. And Steven Mnuchin set to put 450 billion in unspent c. A. R. E. S. Act funding into the agencys general fund. This would mean that the Biden Administration would mean authorization from congress to access it, most of the money had gone to support fed emergency lending programs and youre uptodate. All right rahel, thank you and staying d. C. Related news, president elect joe bidens transition continuing to come together, the white house clearing the way for biden to start receivinging daily top secret briefings, this has President Trump reportedly plans to travel to pennsylvania today for a meeting with state republican lawmakers trump is expected to appear alongside Rudy Giuliani who has been leading the campaigns long shot legal effort in several states to reverse election results. His visit to gettysburg is not listed on the president s public schedule tracie potts is joining you with more what do we know . Reporter well, keep in mind that pennsylvania has certified those results, so well see where those meetings go and if they have any impact on again the results that have already been certified meantime president elect biden is telling nbc news that he has not yet spoken with President Trump, but we do know that the white house has approved those president ial daily briefings and they could start as early as today. America is back were at the head of the table once again president elect biden shared with nbc news as he announces his National Security team a team that will keep our country and our people safe and secure reporter his nominees for secretary of state, u. N. Ambassador and other key roles presenting a united front against President Trumps America First policies we need to be working with other countries. We need their cooperation. We need their partnership. America is back multilateralism is back. Diplomacy is back. To end this crisis, the whole world must come together reporter biden says he has already spoken with nearly two dozen world leader, reassuring allies that the u. S. Is ready to cooperate. The Trump Administration is cooperating already reaching out to the biden team on security, covid and foreign policy. Well do everything that is required by law. Well make this work reporter President Trump is taking dread for the stock market breaking 30,000 never been broken, that number that is a sacred number, 30,000. Nobody thought they would ever see it reporter as biden continues to break barriers, nbc news has learned that he is considering veteran pentagon official michel michelle floynoy a defense secretary, if confirmed she would be the first ever to serve in that role and biden saying that he wants to quickly reverse President Trumps climate orders, try to get the schools reopened and also send congress a bill on immigration within the first 100 days yeah, a lot going on. And also i guess kind of interesting that biden hasnt tapped anybody from capitol hill to serve on his cabinet. Even though there were several senators that were sort of rumored to be on his short list. Mine, this will be kind of one of those things that is noticeable by omission reporter right but here is the thing, he takes someone from capitol hill, a republican governor replaces them with a republican, and that messes up the balance of power on capitol hill. They are waiting on those two elections in georgia to determine if this is going to be 50 50 with a tie breaker with Vice President elect Kamala Harris so you know, they may be people on his short list, but taking democrats away from the senate right now may not be politically smart. He said flp nbc entin that intet he needs democrats on capitol hill too push through some of these initiatives like the immigration bill that he wants to send over almost as soon as he gets in office. The old we know youd like us, wed like you too, but we need you to stay there so we dont lose more seats two years from now got it tracie potts, have a great thanksgiving best to you and your family. Back newow to your money because it has been a heck of a month for stocks the dow busting above 30,000 and it took the dow just 46 months to go from 20,000 to 30,000 50 gain just under four years that is why you hold stocks. And the best performer is apple, no shock up more than 280 . Worst performer, walgreens lost half its value, but to be fair, it has only been in the dow since mid 2018 technology of course outshining all other sectors since the dow crossed before 20,000, up more than 140 in that time the only sector in the red over this period, what else, oil and gas down about 44 all other sectors are up 20 or more lets bring in now ryan pane, president of pane Capital Management house of pain for oil and gas stocks are you touching by the way, they have been hot lately, but are you touching any of these stocks as sort of deep long term value plays . Funfully that you said that, i like the house of pane, i appreciate that. I was on your show this summer and we talked about energy and energy was getting demolished while tech stocks were red hot and weve seen a nice rotation over this rally. Energy stocks have definitely come alive and it just speaks to what i see is that reopening trade. And tech really hasnt done that much since the end of the summer the only faang stock near its alltime high right now is google and in the meantime you have Energy Stocks going up, you have financials, good Old Fashioned value stocks so this has really been the reopening trade rally that weve had the last couple weeks which is pretty awesome and you and i were talking about that literally back in august yeah, we were and listen, ryan, there is no question why there is optimism now. The vaccine seadvantag vaccinest but have we gone too far over our skis valuations in some cases can be hard to just are guy, maybe for Small Cap Value they are easier to justify where do you see any kind of valuation gap . Yeah, the valuation gaps are huge right now and i think that is one of the best opportunities that you have as an investor because lets face it, tech, growth trades at 30 times forward earnings, and that is not cheap. And just are so much good news has been baked into those stocks this year. And meantime you look at the value stocks which just went even for the year are trading at 15 times forward earnings. So when you look at the hurdles next year from an earnings perspective, it is just a lower hurdle that they have to beat expectations whereas if im a big large cap tech company right now, where go you do you go fro. I think it will be hard for tech to keep outperforming and it speaks to it is so important right now to diversify your money. And you can look overseas as women. You read my mind or maybe i read your notes because you talk about overseas i know were my optic in the American News media. I get that but we forget 96 of human beings do not live in the United States opportunities in the emerging markets . Value is even cheaper overseas emerging markets specifically right now, they are barely trailing the u. S. Markets, the s p and emerging markets are pretty much neck and neck in performance this year, but again, the multiple is just so much cheaper overseas. And you look at markets and market penetration, like you said, 90 plus of the population outside of the u. S. , so is 85 of the Economic Activity so if you look at india for instance, mortgage penetration is like 10 of gdp where it is 60 to 70 administers in t in s and on top of it, you have a weakening dollar which is just an extra kicker to your performance overtime so not having a Global Portfolio at this point, you will miss the bet other t boat the next five to ten years. You have to have those emerging markets. Ryan payne, thank you so much and what the ceo of nick company ni nick la oig told jim cramer. And later, another day, another record for tesla ahead of its s p 500 debut black friday is here early. So get the 5g americas been waiting for. Verizon 5g is next level. announcer unlimited plans fit everyone in your family, starting at just 35, with 5g included at no extra cost. Plus, youll get the entertainment and gaming the whole family will love. 100 obsessed with the mandalorian. man i watch a lot of sports. woman it has all my favorite shows. announcer switch now and get 1,350 off our best 5g phones. Its like a gift on top of another gift. Gifts keep coming at you. Everywhere. announcer this is 5g from americas most reliable network. A lot going on today including an embattled electric vehicle maker and a tame oig of t tale of two retailers. Shares of nikola are under pressure and talks with gm on a supply of Battery Technology and build an electric pickup are ongoing, but he wouldnt comment further. Both sides can walk away if a deal isnt finalized by last week russell also wouldnt speculate on whether nikolas founder would sell off his shares. You can see shares are down about 8. 5 north control dstrom is higher e than expected Third Quarter results. The Company Expects continued momentum this quarter and into next year. Although they also believe that shipping charges and premium holiday pay will hurt earnings you can see shares are up about 2. 2 and American Eagle outfitters beat forecasts, but store traffic slumped. They say they are seeing holiday demand take place in november and it expects even more of a shift to Digital Sales this quarter. Lets stay on the theme of retail thank you very much. Because black friday is taking over more than just one day this year many retailers im sure you know see their specials, they already kicked up their holiday sales weeks ago. And for good reason. Just over half of us plan to spend less on black friday the day in year, about 480 on average. And three out of four shoppers will also spend the day onlined instead of in line of course so is this the end of black friday the day as we know it joining us know is director of Consumer Research at refinitiv good to see you again. What exactly is black friday, is it a month long sort of semi celebration of discounts good morning, brian it has definitely been an unusual year for retail including black friday were seeing that the average promotional discount is about 34. 7 . Refinitiv discovered in a collaboration with sell stage. And this is pretty of the average discount that weve been seeing even before the pandemic. It is very usual to see this average level of promotion what is different however going into 2020 is the amount of emails going out to consumers. Retailers are doing a really good job in it he willing us about the emotions, emails are up about 31 compared to two months ago and also there are a lot of new items that will be on sale, brand new products that have been introduced into the market will be on sale this year which is different in a recent survey, we found out that over 60 of americans will still be shopping on black friday and the one item that they will be buying for the entire household is pretty much clothing and apparel they said also that the amount of money that they will be spending will pretty much be determined by the average discount being offered and this bodes well for black friday sales because apparel is the highest item currently being discounteded going in going int. Im surprised by that i recognize a lot of america does not live like we do in the northeast. People have much more normal lives west of the delaware river. That said, ive been wearing the same pair of jeans for like sick weeks and im only slightly exaggerating there is nothing to do and nowhere to go. Why is apparel so hot . Because it still is a gift. There is a lot of wives that will be buying sleep wear for their husbands and kids. And also they will be taking the opportunity of the fact that the discounts are higher than usual this black friday. So therefore, apparel is the number one item that consumers are shopping for followed by electronics and then gift cards we found out in the survey who has done it well . Listen, in march the tide went out and we found out who is not wearing bathing suits if you know what i mean because some companies figure it out, other companies have not they have been exposed so to speak. What companies are doing this well that have figured out this rapid shift to not just digital, because everybody was online of course before, but this kind of volume and ability to manage through it well, the Number One Company in retail that has done this very well is nike, because nike was able to len a lot of the shoppers with their health and wellness app and health and wellness has been on the top of consumers minds during the pandemic. So by bringing in the consumers on to the free app to take free online classes, they were able to learn them on their ecommerce website where the visitors were converted into actual sales. So were seeing the retailers that have a strong ecommerce strategy are the ones doing well during the pandemic and will continue to do so. Americans are telling us, over 70 are telling us that this trend is here to stay, that even if a vaccine becomes available and the economy goes back to normal, they will continue to shop online because they learned that this is a fast and efficient way and a safe and contactless way of shopping during the pandemic. Yeah, look at that 67 . All we have to do is just start up a new box and or duct tape business and well become billionaires jarron mar take, have a great thanksgiving still on deck, bnp paribas breaking down the markets love hate relationship with faang, sectors to play in a red hot market with dow over 30,000. Futures off a tad right now. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Lets get a check on the other top world and National Headlines including your obligatory 40 foot tall leg lamp story, a holiday tradition Frances Rivera